Rewritten Version:
Spot Bitcoin ETFs posted net outflows of $526.6 million during the shortened holiday week, marking their eighth straight week of withdrawals.
Fed’s Williams signals steady policy stance
John Williams indicated that a rate hike is unlikely at the Federal Reserve’s July meeting.
In a Tuesday interview on Fox News, Williams said monetary policy is currently in a good position. While inflation remains elevated, he expects declining energy prices to help ease headline figures. He also noted that the inflationary impact of tariffs appears to be nearing its peak.
Markets showed little reaction, as investors had already largely ruled out a July hike. However, expectations for a potential rate increase by September remain close to 60%.
Wall Street initiates bullish coverage on SpaceX
With the post-IPO quiet period now over, analysts have begun coverage of SpaceX, with sentiment overwhelmingly positive.
Goldman Sachs and Morgan Stanley, the lead underwriters, both issued buy-equivalent ratings. Goldman’s Eric Sheridan set a $205 price target, while Morgan Stanley’s Adam Jonas projected $300.
SPCX shares were trading flat in premarket at $160, still comfortably above the $135 IPO price. Additional buy ratings came from Bank of America, Citigroup, Deutsche Bank, JPMorgan, Macquarie, RBC, UBS, and Wells Fargo.
Raymond James analyst Brian Gesuale delivered the most bullish call, assigning a strong buy rating with an $800 target and describing SpaceX as a defining industrial infrastructure company of the 21st century.
Samsung earnings fail to impress despite strong profits
Samsung Electronics reported Q2 2026 revenue of $113 billion, missing the $113.9 billion consensus estimate.
Although the company posted a record operating profit of $59.1 billion—up 19 times year-over-year due to strong AI memory demand—investors were unimpressed.
Samsung shares dropped 7% on Tuesday, dragging down the broader memory sector. Micron Technology and SanDisk both fell around 6% in premarket trading, while the Roundhill Memory ETF also declined by a similar margin.
Despite the pullback, the sector outlook remains strong, with analysts expecting chip shortages to persist through at least 2027 and DRAM prices rising more than 40% in the April–June quarter.
Options activity suggests range-bound outlook for HYPE
Trading in HYPE options on decentralized exchange Derive has picked up, with some investors betting on limited price movement below $70 in the near term.
A notable trade involving 400,000 contracts used a call condor strategy—buying the $70 call, selling the $75 and $80 calls, and buying the $85 call, all expiring July 24.
This structure delivers maximum profit if HYPE trades between $75 and $80 at expiry, signaling expectations for a stable, range-bound market.
USDT dominance pulls back from highs
Tether dominance—measuring its share of the total crypto market—has retreated from a four-year high, a potentially positive signal for BTC and other digital assets.
The metric has declined to 8.54% from last month’s 9.35%, which marked its highest level since late 2022.
Because USDT is widely viewed as a digital proxy for the U.S. dollar, rising dominance typically reflects risk-off sentiment, while declines point to improving risk appetite across crypto markets.
Bitcoin and ether ETFs see renewed demand
U.S. spot Bitcoin ETFs recorded $265.69 million in inflows on Monday, the largest daily total in over a month and the second positive session in three days. Ethereum ETFs added $20.66 million, led by BlackRock’s ETHA with $23.29 million.
BlackRock’s IBIT accounted for $209.4 million of Bitcoin inflows, followed by ARKB with $32.98 million and Grayscale’s mini BTC fund with $42.25 million. GBTC was the only fund to see outflows, losing $44.45 million.
Despite the daily rebound, the weekly trend remains negative. Bitcoin ETFs still posted net outflows of $526.6 million, while Ether ETFs lost $13.7 million.
Total Bitcoin ETF assets climbed to $77.32 billion from a June 30 low of $70.95 billion, supported by both price recovery and renewed investor demand. BTC was trading near $63,200 at the time.
