A move to $116,000 represents a 6.45% jump from Bitcoin’s current price at the time of publication.

Bitcoin may tap $116K in July amid ‘perfect storm’ of macro catalysts

The absence of new buyers and FOMO-driven greed are key factors that could 
keep Bitcoin price pinned below $112,000 for longer that many think.

Why can't Bitcoin price break $112K all-time highs? BTC analysts explain

Gaming industry veteran John Smedley is making his first foray into Web3 
gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink.

John Smedley’s studio raises $30.5M for new shooter built on Etherlink

Arthur Hayes has published a new essay, “Quid Pro Stablecoin,” arguing that 
the United States’ sudden political enthusiasm for bank-issued stablecoins is 
less about “financial freedom” and more about arming the Treasury with a 
multi-trillion-dollar “liquidity bazooka.” The former BitMEX chief—writing in 
his personal newsletter—contends that investors who postpone buying Bitcoin 
until the Federal Reserve resumes quantitative easing will serve as “exit 
liquidity” for those who bought earlier. How The Money Printer Is Already 
Warming Up At the core of Hayes’ thesis is the claim that eight “too-big-to- 
fail” banks hold roughly $6.8 trillion in demand and time deposits that can be 
transformed into on-chain dollars. Once customers migrate from legacy accounts 
to bank stablecoins—he cites JPMorgan’s forthcoming “JPMD” token as the 
template—those deposits become collateral that can be recycled into Treasury 
bills. “Adoption of stablecoins by TBTF banks creates up to $6.8 trillion of 
T-bill buying power,” he writes, adding that the product simultaneously 
slashes compliance overhead because “an AI agent trained on the corpus of 
relevant compliance regulations can perfectly ensure that certain transactions 
are never approved.” Related Reading: Bitcoin Seasonality: Why Summer 2025 
Will Catch Everyone Off Guard Hayes layers a second mechanism on top of the 
stablecoin flow. If Congress strips the Federal Reserve of its ability to pay 
interest on reserve balances—a proposal floated by Senator Ted Cruz—banks 
would have to replace that lost income by buying short-dated Treasuries. He 
estimates the policy could “liberate another $3.3 trillion of inert reserves,” 
bringing the prospective fire-power for government debt purchases to $10.1 
trillion. “This $10.1 trillion liquidity injection will act upon risky assets 
in the same way Bad Gurl Yellen’s $2.5 trillion injection did… PUMP UP THE 
JAM!” Hayes asserts. The essay frames the bipartisan GENIUS Act as the 
legislative linchpin. By barring non-banks from issuing interest-bearing 
stablecoins, Washington “hands the stablecoin market to banks,” ensuring that 
fintech issuers such as Circle cannot compete at scale and that deposit flight 
is funneled into the institutions most likely to bankroll the Treasury. Hayes 
calculates that the cost savings and enhanced net-interest margins could 
increase the combined market capitalisation of the big banks by more than 180 
percent, a trade he describes as “non-consensus” but executable “in SIZE.” Buy 
Bitcoin Before The Fed Blinks Despite his long-term enthusiasm, Hayes cautions 
that a temporary liquidity drain looms once Congress passes what he labels 
Trump’s “Big Beautiful Bill.” Refilling the Treasury General Account to its 
$850 billion target could contract dollar liquidity by nearly half a trillion 
dollars, an impulse he believes may knock Bitcoin back toward the mid-$90,000s 
and keep prices range-bound until the Federal Reserve’s annual Jackson Hole 
conference in late August. Related Reading: Public Firms Snag 131,000 BTC, 
Surpassing ETFs In Bitcoin Purchases “I believe that between now and the 
August Jackson Hole Fed speech to be given by beta cuck towel bitch boy Jerome 
Powell, the market will trade sideways to slightly lower. If the TGA refill 
proves to be dollar liquidity negative, then the downside is $90,000 to 
$95,000. If the refill proves to be a nothingburger, Bitcoin will chop in the 
$100,000s without a decisive break above the $112,000 all-time-high,” Hayes 
writes. The punchline, however, is resolutely bullish. Hayes ridicules 
advisers steering clients into bonds on the premise that yields will fall: “If 
you’re still waiting for Powell to whisper ‘QE infinity’ in your ear before 
you go risk-on, congrats — you’re the exit liquidity. Instead go long Bitcoin. 
Go long JPMorgan. Forget about Circle.” In his view, the political machinery 
that props up US deficits has already selected bank stablecoins as the next 
round of stealth quantitative easing, and Bitcoin—alongside JPMorgan stock—is 
positioned to absorb the spill-over. Hayes signs off with a stark imperative: 
“Don’t sit on the sidelines waiting for Powell to bless the bull market.” The 
liquidity horse, he argues, has already bolted; investors who hesitate to buy 
Bitcoin risk being trampled beneath it. “You will miss out on Bitcoin pumping 
10x to $1 million,” he concludes. At press time, Bitcoin traded at $109,449. 
Featured image from YouTube, chart from TradingView.com

Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes

Chile recently cracked down on a money laundering scheme that involved moving 
millions of dollars to various countries, including Venezuela, Colombia, the 
U.S., Paraguay, Mexico, Spain, and Argentina. The Tren de Aragua used crypto 
assets to launder some of these criminal funds. Chile Dismantles Tren de 
Aragua&#8217;s Crypto Money Laundering Operation Cryptocurrency has become yet […]

Chile Cracks Down on Tren de Aragua’s Crypto Money Laundering Scheme

Bitcoin climbed above $109K, triggering a surge across the markets: Ethereum 
($ETH) – up 4.65% XRP ($XRP) – up 3.86% Solana ($SOL) – up 7.85% Tron ($TRX) – 
up 4.17% But one of the biggest daily surges came from an unexpected corner, 
as Dogecoin mounted an 8% rally and broke the key $0.17 mark. As meme coins 
rebound, could the purest meme coin of them all be poised to hit the 
stratosphere? Time for a closer look. What’s Driving the Rally? A wave of 
optimism around potential US Federal Reserve rate cuts, prompted by recent 
dovish statements from key officials, energized risk assets. Overall, markets 
are bullish and tokens are up for a number of reasons. Approvals of new crypto 
exchange-traded funds (ETFs) signaled increased institutional interest, 
especially in altcoins. Greater clarity in US crypto regulation is drawing 
fresh capital into the market. Growing TradFi and DeFi convergence – including 
banking applications for key crypto institutions – has lowered barriers to 
entry while increasing a sense of trust. There’s still uncertainty, especially 
ahead of the Labor Department’s expected employment report on July 3. But for 
now, positivity reigns, and traders clamor for more gains. Zach Pandl, head of 
research at Grayscale, noted, ‘Bitcoin is in the passenger seat… Recent crypto 
ETP approvals may be raising investor confidence that TradFi capital will make 
its way into altcoins.’ He expects new token highs later in the year, and it&#8217;s 
not just Bitcoin we&#8217;re talking about. Wider Market Backdrop Still Positive for 
Key Crypto Players US equity benchmarks like Nasdaq and the S&amp;P 500 also 
ticked up, with the S&amp;P 500 hitting an all-time high. However, geopolitical 
and fiscal uncertainties – such as the delayed U.S. budget, ongoing global 
trade tensions, and regional conflicts – remain a constant worry for 
investors. Spot Bitcoin ETFs saw net outflows on July 1, suggesting some 
caution, though that was the first day in a 15-day streak of inflows. Ripple’s 
application for a national bank charter with the US Office of the Comptroller 
of the Currency (OCC) marked another sign of growing institutional 
integration. And President Trump’s enthusiastic endorsement of a U.S.-Vietnam 
trade deal may boost broader risk-on sentiment. All told, it’s no surprise 
that Dogecoin made a strong push – and could be forming the base for another 
surge to $0.19 or beyond. A strong performance from the world’s biggest meme 
coin creates a favorable environment for the purest, simplest, strongest meme 
coin presale – Token6900 ($T6900). Token6900 ($T6900) – All Meme, All the Time 
First there was the SPX6900 token, a meme with no utility, just a $1.2B market 
cap. It’s up 4.3% in the past week, kicking butt and taking names. Now there’s 
Token6900 ($T6900), with even less utility but more…tokens? Yes, it has one 
more token than SPX6900. Talk about pettiness, right? The project is pure meme 
coin madness, all mood and all vibe. And it’s all potential, too – the 
potential to ride the growing meme market to unprecedented heights. The truth 
of $T6900 is that it isn’t just another meme coin – it’s the most literal meme 
coin possible. The truth is the meme, and the meme is truth. There’s no 
hiding, no fancy promises of future utility – just a meme, a presale, and 
slaptastic potential. True meme coin aficionados are already buying in; the 
presale has raised over $191K in a matter of days, with tokens priced at only 
$0.006425. Visit the Token6900 presale page to learn more. Memes Ready to Make 
Bank in Bullish Markets Crypto markets are currently buoyed by encouraging 
macro signals, institutional momentum, and regulatory progress. While 
underlying uncertainties persist, the prevailing sentiment leans toward upside 
– and Token6900 taps into that outlook to unleash pure meme coin momentum. Do 
your own research – this isn’t financial advice.