Cryptocurrency
Rose crypto market cap on the back of the Fed’s prime rate decision: views and forecasts

We are now witnessing a temporary rose crypto market cap. As part of the fight against inflation, the U.S. Federal Reserve raised the prime rate by 75 bps during the next meeting. – to a range of 2.25-2.5% per annum. The crypto market reacted to the news with positive dynamics. How long can the rise in the crypto industry last, and what other consequences of the Fed’s decision risk investors?
Crypto market tips – what should investors do?
It’s difficult to give specific crypto-market tips. One would assume that the crypto market is responding to the fact that the Fed’s rate hike was softer than many expected. That said, experienced traders point out that cryptocurrency investors are too early to get excited.
“People are celebrating the 75 bps as if the change opens up the prospect of growth for the crypto market. Twitter users have completely lost their minds,” was the opinion shared by a trader popular in the cryptocurrency community who runs a microblog under the nickname Psycho.
The fact is that the U.S. government abandoned its policy of quantitative easing as part of the fight against inflation, which implies printing more money and then pouring it into the market. Against the backdrop of the changes, the crypto market faced a liquidity crisis. Therefore, many crypto-industry participants believe that the Fed’s fight against inflation and an increase in the prime rate could put pressure on the cryptocurrency rate.
No reason for optimism
Is the crypto market going to crash? Analyst Lark Davis drew attention to the market’s positive reaction to the Fed’s decision. Many of his subscribers think that prices won’t rise for a long time. In their opinion, the next wave of fall may hit cryptocurrencies this week.
A popular analyst in the cryptocommunity, who runs a microblog under the nickname Profit Blue, holds a similar point of view. In his opinion, bitcoin is preparing for a fall. This is indicated by the results of technical analysis. Profit Blue drew attention to the fact that the cryptocurrency repeats the figure of late May – early June, which led BTC to the renewal of the local minimum at $17,708. This time, Profit Blue is sure, history may repeat itself.
As a reminder, earlier, similar results of technical analysis were shared by Peter Brandt, a trader and analyst popular in the crypto community, who managed to correctly predict the cryptozyme of 2018. He saw a technical analysis figure on the bitcoin chart, which, in his opinion, foretells the BTC’s imminent exit to new lows.
Some experts do not exclude the decrease in BTC to $10-12 thousand and lower. Many of them are sure that the current growth of the cryptocurrency market is nothing more than a correction after a protracted fall.
Crypto market rose analysis: crypto investors should look ahead
Many members of the crypto community believe that investors should not be intimidated by the prospects of a market decline. In their opinion, sooner or later, investments in cryptocurrency will bear fruit. For example, Changpen Zhao, head of the largest cryptocurrency exchange Binance, holds this view.
“Learn about recession and inflation, and then explore [the possibilities of] bitcoin and Binance Coin,” the Binance head wrote amid an online discussion about the impact of the Fed’s decisions on the market.
For his part, analyst Joe Burnett pointed out that cryptocurrency market movements are cyclical. In his microblog, he reminded readers that decadence always goes with cryptozymes. The current period of falling prices was no exception.
Authors of the Twitter channel Wicked Smart Bitcoin shared a similar opinion. They think that the decisions of the Fed and other regulators are just “dust” that loses any significance in the context of talks about bitcoin’s global future.
Wicked Smart Bitcoin explains their point of view with the fact that BTC’s growth is programmed by halvings, which corrects the rate of new coins coming into the market. Many are also convinced that the financial market has already passed the main phase of the crisis. According to this logic, there is a recovery ahead for the industry.
Cryptocurrency
FTX Wants to Block Claims from 49 Countries, Including China: Users Rage

Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions.
This could disproportionately impact Chinese users, who reportedly represent 82% of the affected claim value.
Navigating Legal Minefields in Restricted Jurisdictions
The FTX proposal, detailed in a July 2 court filing, is seeking authorization to designate 49 countries, including China, Russia, Afghanistan, and Ukraine, as “Potentially Restricted Jurisdictions.”
While claims from these regions will be automatically treated as “disputed,” the FTX Trust will first seek legal opinions for each jurisdiction, and in cases where distribution is deemed legally permissible, payouts will proceed.
However, where legal advice indicates distributing funds would violate local laws, the Trust will issue a formal notice to affected creditors. These users will then have a 45-day window to file a formal objection, including submitting it to a U.S. court.
According to the document, if a jurisdiction is ultimately deemed “restricted” and a claimant remains a resident there when repayments are processed, their funds and any associated interest “shall be immediately forfeited and revert to the FTX Recovery Trust.”
The submission has triggered significant backlash from affected users. While the FTX Recovery Trust is positioning it as a legal compliance issue, others argue it raises serious ethical questions.
“FTX accepted users from China when things were fine,” wrote one X user. “Now denying their claims entirely because of ‘restricted jurisdiction’ feels unfair.”
He described creditors from the beleaguered countries as “victims” who still deserved to be repaid.
Another Chinese claimant, going by the username “Will,” also argued forcefully against the rationale:
“While mainland China does not support cryptocurrency trading, residents… are allowed to hold cryptocurrencies… The claims process uses USD for settlement… they are allowed to hold USD overseas. So why isn’t wire transfer settlement supported?”
Meanwhile, others expressed despair, with one user asking, “Is there anything that could be done? Or they just steal all of the money?” FTX creditor advocate Sunil suggested that selling or transferring the claim to someone in an allowed jurisdiction might be a potential workaround.
Ongoing Repayments
While the controversy rages on, other creditors have been making progress with their payments. As per a July 1 update, those with claims under $50,000 have already received 120% payouts, while larger claimants received 72.5% in May. The remaining 27.5% is expected through distributions extending into 2027.
Meanwhile, the fallout from FTX’s 2022 collapse continues to resolve elsewhere, with most celebrity endorsement lawsuits dismissed, though retired NBA star Shaquille O’Neal settled for $1.8 million.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
This Critical Binance Metric Suggests Incoming Surprises for Bitcoin: What You Need to Know

Binance’s net taker volume surged past $100 million just ahead of the latest US Nonfarm Payrolls (NFP) report.
Such a trend points to aggressive buying as traders position for a key macroeconomic catalyst.
Binance Sees Aggressive Buy Orders
In its latest analysis, CryptoQuant revealed thaft this spike reflects large market buy orders on Binance, indicating strong bullish sentiment or speculative bets on continued market momentum.
The US labor market report, released shortly after, showed Nonfarm Payrolls increasing by 147,000 in June. This figure exceeded analysts’ expectations of 110,000-118,000. The unemployment rate also fell to 4.1% from 4.2% in May and was the lowest level since February, according to the Bureau of Labor Statistics.
The stronger-than-expected employment data reduces the chances of near-term rate cuts, ultimately backing the Fed’s plan to maintain higher rates to control inflation. Market-implied probabilities now reveal a 95% chance the Fed will hold rates steady at its July meeting, as it rose from 75% before the jobs report was released.
A resilient jobs market has strengthened the US dollar, as expectations of delayed or reduced interest rate cuts make the currency more attractive relative to others.
Historically, strong NFP data and hawkish Fed expectations have weighed on risk assets, including Bitcoin, as a firmer dollar environment tends to reduce the relative appeal of alternative assets.
The combination of Binance’s aggressive buy-side activity and the strong jobs report could pave the way for potential volatility in crypto markets as traders assess the Fed’s policy outlook and the broader macro environment.
After US jobs data beat forecasts, Bitcoin briefly climbed above $110K before retreating to $108.8K.
July Seasonality Fuel Optimism
As per crypto analyst Daan Crypto Trades’ observation, holding above $108K is critical for the leading crypto asset to avoid a downward spiral. He considers a close near the $110K region a healthy sign.
Meanwhile, Matrixport noted that July has historically been a strong month for Bitcoin, as 7 out of the last 10 Julys have closed positively and have an average return of over 9.1%. Supported by the improving Fed outlook and post-July 4 optimism, the next few weeks could offer a final push higher before another round of consolidation. The Greed & Fear Index is also bottoming out, a signal that often precedes upward momentum in Bitcoin’s price.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Chainlink’s Consolidation Echoes Bitcoin’s 2023 As Retail Apathy Meets Whale Hunger

Chainlink (LINK) remains locked in a $12-$15 price stalemate, owing to the continued whale accumulation amid retail disengagement.
On-chain data shows sustained negative exchange netflows of around 100,000 LINK per week, which indicates that whale entities are absorbing sell pressure without significant price disruption.
LINK Faces Critical Test
CryptoQuant stated that this trend contrasts with occasional retail-driven spikes, such as March 2025’s 5 million LINK deposit surge. Retail activity has stayed flat, as evidenced by the daily active addresses hovering between 28,000 and 32,000, while transaction counts remain stagnant at around 9,000 per day. Despite increased oracle utility, retail failed to capitalize on a minor activity bump seen in late 2024.
Whale urgency is evident as exchange withdrawals peaked at 3,000 transactions per day in Q4 2024 and remain elevated, thereby steadily draining exchange reserves, which have fallen approximately 40% year-to-date. Neutral leverage metrics are preventing volatility and have allowed systematic accumulation without triggering a breakout above $15.
A resolution to this deadlock will require a spike in retail participation to ignite momentum or a slowdown in whale withdrawals to weaken accumulation. Until a catalyst emerges, LINK’s structure matches Bitcoin’s 2023 consolidation phase before its surge in 2024.
While this accumulation standoff continues on-chain, Chainlink has been expanding its broader ecosystem through partnerships.
Collaborations With Mastercard and Visa
Last month, the decentralized oracle network partnered with Mastercard to allow 3 billion cardholders to purchase crypto directly on-chain using fiat payments. The collaboration utilizes interoperability infrastructure and Mastercard’s global network to remove barriers to crypto access.
Partners like Zerohash, Shift4, Swapper Finance, and XSwap support liquidity, compliance, and fiat-to-crypto conversion, bridging traditional payments with decentralized finance environments.
Chainlink also completed a pilot under the HKMA’s e-HKD+ initiative with Visa, wherein the duo tested cross-border investment transactions using CBDCs and stablecoins. In the trial, ANZ’s AUD-backed stablecoin A$DC was converted into e-HKD and used to invest in a tokenized money market fund.
Chainlink’s CCIP enabled asset transfers between ANZ’s private blockchain and Ethereum’s public testnet, while Visa’s VTAP managed the token lifecycle. The pilot demonstrated instant, compliant investment fund access, which reduced settlement times from days to just seconds, even on weekends.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions