News & Research

Nasdaq-listed Sequans Communications, a publicly traded IoT semiconductor and module developer, purchased 1,264 Bitcoin (BTC) for $150 million, according to Bitcoin Magazine on X. The company now holds 2,317 BTC and has plans to issue $380 million in convertible bonds for further BTC acquisitions.

Stocks of companies implementing Ethereum (ETH) accumulation strategies saw gains in U.S. pre-market trading. GameSquare Holdings (GAME) rose 3.95%, BTCS gained 8.22%, Bitmine Immersion Technologies (BMNR) increased 4.6%, SharpLink Gaming (SBET) surged 9.04% and Bit Digital (BTBT) rose 3.13%.

Bitcoin (BTC) layer-2 solution Merlin Chain (MERL) announced on X its vision for BTC with the launch of Merlin 2.0, focusing on enabling users to hold, earn and invest without leaving the BTC ecosystem. Using AI and chain abstraction, the platform seeks to enhance Bitcoin’s liquidity and utility as a global currency.

Special purpose acquisition company (SPAC) Dynamix is preparing to merge with another entity to form a new firm called Ether Machine, according to the Wall Street Journal, citing sources. The combined company plans to hold more than $1.5 billion in Ethereum (ETH), betting that a more crypto-friendly Trump administration will drive investor interest in firms heavily invested in digital assets.

Two addresses that participated in Pump.fun’s institutional round sold a total of 25.5 billion PUMP over the past week for $141 million, generating a combined profit of $39.65 million, according to @EmberCN on X. One of the addresses, D6ar...Lazd, transferred 13 billion PUMP ($71.46 million) to FalconX, later distributing the tokens across multiple centralized exchanges and realizing a $19.5 million profit.

Crypto data analytics firm Swissblock noted on X that three-quarters of altcoins are now testing key resistance levels, marking a crucial juncture that could determine whether an altseason gains traction or stalls. According to Swissblock, weak altseasons tend to occur when Bitcoin (BTC) remains dominant, leading to brief and limited movements into altcoins. In contrast, a strong altseason typically follows a shift in market dynamics where BTC loses strength, its dominance declines and broad-based altcoin breakouts emerge. With BTC showing signs of slowing and capital starting to rotate, Swissblock emphasized that the market is approaching a decisive moment.

A survey tracking weekly trends among South Korean cryptocurrency investors, conducted by CoinNess and Cratos from June 15 to 18, found that 46.0% of respondents expect Bitcoin's (BTC) value to increase or significantly jump this week, an increase from last week's 45.0%. Meanwhile, 29.7% predict a stable market, up from 28.9% last week, and 24.3% anticipate a decline or sharp drop, down from 26.1% previously. When asked about the overall market sentiment, 56.4% indicated optimism or extreme optimism. While 24.9% felt neutral, 18.7% expressed feelings of fear or extreme fear. Amid BTC’s recent strong performance, marked by new all-time highs, 64.3% of respondents expect an altcoin season to arrive this year, while the remaining 35.7% do not believe it will happen in 2025.

Here is the list of tokens that were most searched for and mentioned in the South Korean crypto community (K-Community) of CoinNess between July 11 and 17. Top 10 searched tokens - XRP 90,426 - ETH 25,312 - SOL 19,299 - BTC 18,717 - ONDO 14,511 - SEI 13,589 - PENGU 9,605 - XLM 9,285 - ADA 9,042 - HBAR 6,631 Top 10 mentioned tokens - BTC 2,280 - ETH 1,541 - XRP 734 - SOL 609 - TRUMP 253 - XLM 229 - PENGU 212 - ADA 186 - SEI 150 - DOGE 143

CryptoCapo, a prominent cryptocurrency analyst with about 973,000 followers on X, wrote on his Telegram channel that investors should not fear missing out, as better opportunities lie ahead. He said he remains bearish despite the recent strong bounce, predicting a sharp decline soon, followed by a major recovery in October or November, which he views as a chance for life-changing gains. He urged patience and cautioned against FOMO.

Digital asset products set a new record with $4.39 billion in weekly inflows, bringing year-to-date inflows to $27 billion and pushing assets under management (AUM) to a record $220 billion, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares in a blog post. Ethereum (ETH) led the surge with a record $2.12 billion in inflows, nearly double its previous record, while Bitcoin (BTC) saw $2.2 billion in inflows. Other notable inflows included XRP with $36 million, Solana (SOL) with $39 million and Sui with $9.3 million in inflows. Ethereum's 2025 inflows have already surpassed 2024's total, reaching $6.2 billion.