Trading Desk Insights
Bitcoin once again pushed toward the $120K handle before fading back to the mid-range support near $118K. Price action remains consolidative, with capital rotating into higher-beta names. The broader crypto market is leaning risk-off this morning, and if BTC loses momentum, the next key support sits near the 20-day moving average around $114K, aligned with the CME gap, which could act as support if downside pressure intensifies.
In terms of weekly performance, meme and legacy names outperformed: DOGE +23%, LTC +18%, SOL +16%, and ETH +15%. On the flip side, AAVE lagged -11%, HYPE dropped -10%, and SUI slid -5%.
A standout this week is Fartcoin, a SOL meme coin which now ranks 10th globally in derivatives open interest. With OI exceeding $1B (roughly 65% of its market cap), the setup signals frothy speculative activity in certain corners of the market.
On the prediction markets side, Polymarket, recently valued at over $1B, is weighing the launch of a native stablecoin versus a revenue-sharing agreement with Circle tied to USDC balances on its platform.
Globally, risk sentiment was buoyed after former President Trump confirmed a trade deal with Japan. The agreement includes reciprocal 15% tariffs and raises expectations of further deals, particularly with the EU. Equity futures are trending higher on the back of the news.
The News Room
Public companies now hold $3.2 B worth of Ethereum, swelling past 865,000 ETH
Publicly traded companies have collectively increased their Ethereum holdings to over $3.2 billion, representing more than 865,000 ETH on their balance sheets—a notable influx in corporate interest. This surge reflects growing institutional confidence in Ethereum as a treasury asset, marking a significant milestone in the integration of crypto into traditional corporate finance.
Solana ETF skyrockets to $100 million AUM in just 12 days
The newly launched REX‑Osprey Solana Staking ETF (SSK) has hit $100 million in assets under management just 12 trading days post-launch on July 2. This rapid growth underscores institutional and retail demand for regulated, staking-enabled Solana exposure—helping drive SOL's price above $200 and boost on-chain activity, with over $10 billion in DeFi TVL and significant token deployments.
Dogecoin poised for transformation with zero-knowledge proof proposal
DogeOS has proposed integrating a native zero‑knowledge proof opcode—OP_CHECKZKP—into Dogecoin to enable Ethereum-compatible smart contracts without bloating the base chain. This upgrade promises to unlock cross-chain interoperability, confidential transactions, and scalable dApps while maintaining Dogecoin’s lightweight ethos. As Dogecoin seeks to evolve beyond simple payments, this proposal could be a pivotal step toward building a more versatile ecosystem
Crypto Charts
ETF Flow
Disclaimer
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
Contact Us
Sign up to receive more exclusive market coverage:
Start trading with Secure Digital Markets today by e-mailing:
trading@securedigitalmarkets.com