The Crypto Fear & Greed Index has dropped to 63, indicating that the market is still in a "Greed" state.

On July 2nd, Coindesk analyst Omkar Godbole stated that Bitcoin bulls are looking forward with great anticipation to a continuous weakening of the US dollar in order to inject upward momentum into the cryptocurrency market. Nevertheless, technical charts indicate that caution is needed regarding a historical pattern reversal signal - the US Dollar Index weekly chart is on the verge of forming a "death cross," a traditional bearish formation that has frequently served as a temporary bottom signal for the dollar since 2009. Omkar Godbole pointed out that although this ominously named formation is generally regarded as a long-term bearish signal, historical data shows that it is often a "bear trap." Since 2009, each of the four occurrences of this formation has marked a bottom and a trend reversal of the dollar (as indicated by vertical lines on the chart). The most recent instance was in January 2021, when the US dollar index bottomed out near 90 and then continued to rise, eventually r

July 2nd. According to official channels, the European compliance-oriented exchange Bitvavo has listed Sign (SIGN), and trading has become active.
BlockBeats had previously reported that the cryptocurrency exchange Bitvavo recently obtained the Cryptocurrency Market Supervision Regulations (MiCA) license from the Dutch Authority for the Financial Markets (AFM), enabling it to operate in 30 countries within the European Economic Area.

On July 2nd, during an interview, President Trump of the US mentioned the possibility of "expelling" Musk and criticized him for receiving a large amount of government subsidies. This conflict originated from the "Big and Beautiful Act" proposed by Trump, which encompasses tax cuts, defense spending, and immigration policies, etc., and is expected to be implemented by 2025. The ongoing controversy of the "Big and Beautiful Act": The total amount of the "Big and Beautiful Act" is $3.3 trillion, aiming to stimulate the economy through tax cuts and increased spending. However, Musk strongly opposes this act, believing that it will increase the deficit and be harmful to companies like Tesla, especially with the provision to cut electric vehicle tax credits. He also criticized the act for exacerbating economic inequality. Potential impact on the crypto industry: Although Trump's "Big and Beautiful Act" is not directly related to cryptocurrency, due to the potential increase in the fiscal

On July 2nd, Standard Chartered Bank predicted in its newly released H2 2025 Outlook report that the price of Bitcoin would ascend to $135,000 by the end of September and reaffirmed its year-end target price of $200,000 (which is nearly double the current price of $107,800 as of July 3rd). Geoffrey Kendrick, the director of Digital Assets Research at the bank, pointed out that a combination of three factors, namely spot ETF inflows, the growth of corporate treasury demand, and favorable policies, will propel Bitcoin to achieve its most robust surge in USD price during the second half of 2025. "Although the recent pace of accumulation by MicroStrategy has decelerated, the rush of non-MicroStrategy institutions in the second quarter indicates that new entrants are sufficient to fill the demand gap in the third quarter," wrote Geoffrey Kendrick in the report. "We anticipate that the overall Bitcoin purchases by corporate treasuries in the third quarter will surpass those in the second qu

On July 2nd, according to the report from Cointelegraph, the European Central Bank (ECB) is scheduled to launch a blockchain settlement pilot by the end of 2026 through a new initiative named "Pontes". The aim is to integrate distributed ledger technology (DLT) platforms with the core payment system of the Eurozone. The ECB approved a two-tiered plan on Tuesday to adopt central bank digital currency settlement DLT transactions. This move may pave the way for the modernization of the European financial system. The first tier, "Pontes", will focus on a short-term solution by connecting blockchain-based DLT platforms with the Eurosystem's operation of the "TARGET" financial service system (designed to facilitate payments and securities settlement within the Eurozone), and the pilot is expected to start by the end of the third quarter of 2026. The European Central Bank stated that this pilot will make use of the results of its 2024 DLT exploratory experiment (which involved more than 50

On July 2nd, as per Bloomberg, JPMorgan Chase & Co. is in the process of developing a novel service for tokenizing carbon credits. It has formed a partnership with three carbon credit companies for initial testing. According to a statement made on Wednesday, the bank's blockchain division, Onyx, will collaborate with S&P Global Commodity Insights, the carbon registry EcoRegistry, and the International Carbon Registry. They will jointly test a new application that aims to convert carbon credits from the regulated registries of these three institutions into tokens. The parties will explore whether blockchain technology can be applied to the entire life cycle management of carbon credits, including the tracking of ownership from issuance to retirement. In its statement, JPMorgan Chase stated that the carbon market is confronted with "challenges such as inefficiency, lack of standardization, insufficient transparency, and market fragmentation". The application of tokenization technology is