SharpLink adds ETH, Galaxy Digital exploring tokenizing, Mevolaxy launched mevstaking,

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📰Proof of News

GM, GA, or GN LFG.

Crypto’s been busy, headlines are hitting hard. Don't worry we got you. The market has been brewing, here's what's currently happening:

🪙Bearish or Bullish

BTC/USD

Last week, BTC found support at the Yellow Band on the 4hr FibMa. Starting this week, price is showing some weakness above $115K, but as long as BTC holds the weekly open at $114,245, a recovery from last week’s sell off remains likely.

BTC BB Levels

• HD: $121,837

• H4: $116,269

• BB: $114,245

• L4: $112,200

• LD: $106,646

Key Watch: Maintaining the weekly open and holding above L4 is critical. A break below could lead to testing deeper support near the LD.

ETH/USD

ETH continues to show relative strength. As long as last week’s low holds, I believe price will soon test the 2024 range highs.

ETH/BTC

Starting the week back above the 2024 low (0.0319), I want to see ETH move higher to confidently reclaim the 2024 range, which would solidify momentum for ETH season.

Alt Market Outlook

The broader alt market is at a critical inflection point:

• Either it begins forming a higher low against BTC,

• Or the downtrend continues, retesting and potentially breaking cycle lows.

Key Ratios to Monitor:

• Total3/BTC - Watching for a higher low or a breakdown continuation

• Others/BTC - Still lagging, vulnerable to further downside

• Total3/ETH - ETH season is here; broader alts continue to underperform against ETH

BTC Dominance - Holding the lower bound of the cycle’s ascending channel.
ETH Dominance - Likely to continue rising toward 14.5% over the next couple months as ETH season strengthens.

Macro and Market News

Labor market data remains front and center:

• Continuing Jobless Claims recently broke into multi-year highs, raising concerns about post layoff re-employment rates.

• Persistent elevation here could increase calls for emergency Fed rate cuts.

This Week’s Key Data:

• Thursday:

  • Continuing Jobless Claims - Expected 1.947M (Prior 1.946M)

  • Initial Jobless Claims - Expected 220K (Prior 218K)

Final Thoughts

We are in the early stages of ETH season, while the broader alt market continues to lag.

This phase requires patience and precision:

Focus on high-conviction alt positions during ETH strength

Leave room for potential downside or shakeouts before Alt Season truly arrives

In my view, by the time ETH season winds down and Alt Season begins in full force (potentially Sept/Oct), it will be too late to chase the alt market. This is the period to accumulate selectively, not FOMO.

🤑Airdrop Alpha

Airdrop Updates - Week of 3rd August

Pre-Claims for HyperLane Q2 Rewards Open

Pre-Claims for Expansion Rewards Q2 are now open for the next 2 weeks:

July 28th: Pre-claims open for 2 weeks.

August 18th: Claims open for 2 weeks.

Staking + validator claims also begin August 18th.

Unclaimed allocations will be rolled into future reward distributions.

Register here: http://claim.hyperlane.foundation

Liminal Money Epoch 1 Begins

TVL of Liminal has seen steady and massive growth, now sitting at $70M+

There has been major changes that drove this growth:

• A full referral program that has revenue sharing. You can support me here: https://liminal.money/join/CRUZCONTROL

• Introduces up to 2x leverage on BTC, ETH and HYPE so you can earn an even higher APY. You can now activate this with a click of a button

If you use Unit Assets (BTC, ETH, SOL, PUMP or FARTCOIN), you are generating volume for both HyperCore and HyperUnit which could qualify you both the HyperUnit and HyperLiquid airdrops

Kinetiq now has $750M TVL

The growth of Kinetiq, the premier liquid staking protocol on HyperEVM, has been ridiculous. Within 24 hours of launch, Kinetiq amassed over $400 million in TVL, making it the second-largest DeFi project on HyperEVM. It then surpassed $500M TVL just 4 days later on July 20, and currently sitting at $750M TVL, likely to surpass $1B TVL very soon.

A good way to lego this would be:

1. Stake HYPE for kHYPE at: https://kinetiq.xyz/khype

2. Borrow stables against kHYPE at Felix Protocol (or other lending protocol of your choice that has liquidity): https://usefelix.xyz/?ref=6D1FC14C

3. Deposit stables into Liminal: https://liminal.money/join/CRUZCONTROL

4. Adjust your positions weekly by monitoring funding rates to generate volume on both HyperLiquid and HyperUnit assets.

100+ Airdrop Opportunities in my Notion Airdrop Tracker: https://bit.ly/droptime

📜Crypto Culture

Crypto Culture Weekly: Institutional Adoption, AI Meme Coins, and National Crypto Strategy

This week, crypto culture took center stage as institutions deepened their engagement with digital assets. Michael Saylor’s approach has spurred a wave of public companies issuing bonds or equity specifically to acquire cryptocurrencies like Bitcoin and Ethereum. These moves aim to differentiate firms in crowded markets—but critics warn they carry the risk of crypto-driven volatility translating into corporate financial distress  .

Simultaneously, altcoin season is gaining momentum, with Ethereum surging over 25% and outperforming Bitcoin. Institutional demand—evidenced by spot ETH ETFs drawing $602 million in inflows in a single day—has bolstered gains for Solana (up ~9%) and XRP (up ~27%), underscoring shifting investor appetite toward higher-beta crypto assets  .

In the meme coin space, AI-powered tokens are rewriting the rules. Projects like Pepeto, which raised over $5.7 million during presale, represent a new breed of memecoins built on innovative mechanics rather than pure hype. Investors are increasingly attracted to tokens that offer utility, analytics, and community governance instead of internet jokes alone .

Globally, national crypto strategies are evolving. Pakistan launched its first government-backed Strategic Bitcoin Reserve and formed a Crypto Council led by Bilal Bin Saqib with advice from Binance co-founder Changpeng Zhao. These initiatives position Pakistan as a forthcoming regulatory and innovation hub in South Asia, with around 40 million crypto users and a $300 billion annual trading volume .