Weekly Recap Research

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MiCA has full effect, boosting sentiment or paving the way for the majors to dominate the European crypto market.

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The European Union began fully enforcing the Markets in Crypto-Assets (MiCA) rules from July 1, 2026, resulting in digital asset providers offering services to customers in 27 member countries having to be legally licensed, otherwise they will not be able to continue doing business. Experts estimate that the number of crypto providers licensed in Europe could drop from around 3,000 to just 300—400 prices even. Such legislation would help raise standards of transparency, risk management and consumer protection more clearly, but increased legal, capital and compliance costs could become obstacles. Important for small entrepreneurs and startups to compete with big players

Another point of interest is uniformity in law enforcement, as licensed operators need a lot of time and resources to prepare, while some platforms outside the EU may still have access to customers in the region. If regulators fail to enforce the law effectively, it will inevitably result in a competitive advantage. However, the enforcement of MiCA is considered a A major milestone for the European digital asset industry, helping to clarify regulations and open the way for banks and financial institutions to play a greater role in the crypto market under the regulatory framework. The same standards throughout the region

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Fed statement backs Bitcoin back above $60,000 while Solana dominates the market

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The crypto market rebounded after U.S. Federal Reserve Chairman Kevin Warsh indicated that inflation risks are beginning to recede, despite reiterating his goal of pushing inflation back to 2%. The comments bolstered investor sentiment, causing Bitcoin to recover from the previous sell-off period and return to above $60,700 for the first time in more than a week. Ether is up about 3 percent to move near $1,630, while Solana is up about 4 percent to $78 and has racked up about 16 percent over the past seven days.

Meanwhile, Asian stocks faced a sell-off in semiconductors and AI, with South Korea's Kospi index down nearly 7 percent, shares of Samsung Electronics and SK Hynix tumbled more than 6 percent, while Japan's Kioxia fell 13 percent on concerns that investment in its AI business could expand faster than actual demand. The outlook reflected the turnaround. Investment bullion, which provides an opportunity for assets such as Bitcoin and cryptocurrencies to gain more attention. Even the direction of the market in the next phase remains unchanged, depending on inflation factors, the Fed's interest rate policy and the movement of funds between the various risk markets.

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Top Net flows

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One-month net cash flow data showed Hyperliquid had inflows of about $1.55 billion, leaving aside Polygon PoS with $150 million in inflows, while Ethereum and OP Mainnet had inflows of around $100 million per network. That prominence was consistent with market conditions on July 3, 2026, when the HYPE token surged around 6— 7%, while Bitcoin stood above $62,000 and the CoinDesk 20 index rose 1.7%, reflecting that as market sentiment began to recover, some funds chose to flow into the platform with on-chain liquidity and strong derivatives trading activity. More than distributing to all networks at the same time

On the one hand, Arbitrum has a maximum outflow of about $1.65 billion, followed by Ethereum at around $530 million and Base at around $160 million. Even on July 1, Robinhood will enable Robinhood Chain on Mainnet, which is developed on Arbitrum's technology and supports 24-hour trading of token shares, but such infrastructure factors have not been able to slow down the flow. Immediate exit of liquidity from Arbitrum. The overview thus reflects that the market continues to give weight to networks that can actually attract activity and monetary granules into the ecosystem today, rather than positive factors from developments that require time to prove. Long-term economic results

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

The Crypto Fear and Greed Index dropped to about 10 points on July 1, 2026, the Extreme Fear level, in line with the Bitcoin price falling to $57,700, the lowest level since September 2024, before recovering to move back to the $58,800 area. Meanwhile, the crypto market faces a liquidation of the Futures value position. The total was about $395 million, and investors in the options market began raising bets that Bitcoin could plunge to the $50,000 level, reflecting that early week sentiment remained fragile and most investors gave weight to downside risks rather than the market's recovery.

The investment climate began to change on July 2, after U.S. Federal Reserve Chairman Kevin Warsh indicated that inflation risks began to recede, pushing the price of Bitcoin up about 4.1 percent and returning to $61,000, before moving up to $62,170 on July 3, pushing the Crypto Fear and Greed Index back up. It rose above 20 points and approached 24 points on July 5, while the CoinDesk 20 index rose three days in a row, totaling 7.36%. The overall picture reflects that market concerns are beginning to unravel from a severe level, even though the recovery will depend on continued buying power and standing above key levels. of Bitcoin to confirm the trend in the next phase

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Bitcoin ETF Flow

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The US Spot Bitcoin ETF had a total net outflow of $526.1 million between June 29 and July 2, 2026, with a total of $749.6 million in continuous outflows during the first 3 days, and July 1 was the date of peak outflows of $296 million. Most of the sales force came from BlackRock's IBIT fund, which had accumulated outflows to The $772.6 million reflects that institutional investors continue to reduce risk after Bitcoin faced pressure from closing out the first half of the year with weak returns and the price slipped closer to the $57,000 level.

However, capital flows turned positive on July 2, with net inflows of $223.5 million, led by Fidelity's FBTC at $166 million and ARKB at $91.8 million. After U.S. Federal Reserve Chairman Kevin Warsh indicated that inflation risks were beginning to decline, coupled with U.S. employment numbers rising just 52,000 positions below the market. Projected at 110,000 positions, Bitcoin rebounded above $62,000 for the first time in about 10 days. While the overall picture for the week remained net outflows, the return of buying power on the last day reflected a sell-off from institutional investors. Start to slow down if monetary policy factors are favorable and cash inflows continue in the next phase.

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Ethereum ETF Flow

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The US Spot Ethereum ETF had a total net outflow of $13.7 million over 4 business days between June 29 and July 2, 2026, through June 29 and June 30, with outflows of $29.9 million and $27.6 million, respectively, before the direction flipped back to $14.8 million in inflows on July 1 and increased to $29 million on July 2, while BlackRock's ETHA fund had a total net inflow of $44.6 million, the ETHB segment had $39.2 million in outflows, reflecting that institutional investors have not all returned to the market at once, but are beginning to see a buying back in some funds after the Ether price weakened. downward

Sentiment earlier in the week was put under pressure after Citi lowered its 12-month target price of Ether from $3,175 to $2,240, while anticipating that the crypto fund may have no net inflows next year, with Ether hovering near $1,570. However, the investment climate has begun to recover after U.S. Federal Reserve Chairman Kevin Warsh stated that the Inflation risks have eased, causing Ether's price to rise by about 3% to near $1,630 on July 2 and able to stand above $1,700 the following day. The return of cash flow in the ETF reflects positive signals in the early stages, despite the overall picture. It must rely on a constant inflow of capital to clearly confirm the recovery of purchasing power from institutional investors.

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Important news:

Robinhood Launches Public Mainnet, Pushes Stocks, Tokens Traded 24/7 in Over 120 Countries

Aave is bustling, new bags surged 1,806 in a single day, the highest in nearly five years.

Bitcoin ETF Receives $221.7 Million, Ends 10-Day Continuous Outflow Record

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Source:

https://www.theblock.co/post/406918/robinhood-chain-goes-live-mainnet-alongside-24-7-tokenized-stocks-lighter-perps-planned-crypto-agentic-trading

https://www.coindesk.com/markets/2026/07/02/bitcoin-zooms-above-usd61-000-as-inflation-fears-soften

Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

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J.P. Daniel