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OVERVIEW

Crypto’s July 4 Hangover: Still Hitting Snooze On Monday 🎆 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

TECHNICAL ANALYSIS
BTC And ETH Both Look Iffy-ish… 🤔 

As bullish as Bitcoin has been, and as improved Ethereum’s price action is getting, things still little wobbly to me. 🔍️ 

Bitcoin

First off, Bitcoin’s close last week was the highest weekly close in its history. So thumbs up to that. 👍️ 

And overall price action screams bullish, but the daily chart is a little twitchy. The Chikou Span has one job - finish today above those candle bodies by tomorrow ($106,112) or July’s upside probably stays stuffed in the glove compartment.

And the oscillators are giving me some ‘uh oh’ vibes, too.

The Composite Index is flirting with a drop under its slow MA along with the Detrended Price Oscillator tip-toeing toward zero. That combo feels like you’re cruising down the freeway, day-dreaming, and the school bus in front of you just slammed the brakes.

Good news - an accident hasn’t happened yet, so let’s hope whoever is at the wheel recognizes the warning sooner rather than later. 😱 

Ethereum

Not much to say here other than the daily Ichimoku chart for Ethereum sucks. 🦨

Why?

It's in the Cloud. For those of you who don't know or have forgotten, the blob of green on the screen is the space between the Senkou Span A line (green) and the Senkou Span B line (red) is known as the Cloud.

The Cloud represent uncertainty, indecision, and everything bad in the world. And here's a picture that proves it:

The good thing for ETH bulls is that the threshold for arguably one of the most sought after bullish entry conditions within the Ichimoku system, the Ideal Bullish Ichimoku Breakout entry, will occur if:  

• the close is above the Tenkan-Sen and Kijun-sen

• the close is above the Cloud,

• the Chikou Span is above the bodies of the candlesticks

• the Chikou Span is in open space (a condition where it won't intercept the body of a future candlestick at it's current close over the next five to ten candles)

For today, that would mean ETH needs to close above $2,773. But by tomorrow, that threshold drops to $2,647. 

Similar to BTC, the current location of the Detrended Price Oscillator is a little concerning. It's pointing lower and pretty damn close to the zero line - so keep your eyes open if you're long. 👀 

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• Revenue up 19% YoY to $164.2M

• Q1 net income up to $12.2M (from prior-year loss)

Oh, and they’ve been building out a robust Bitcoin treasury strategy, joining the ranks of other forward-looking companies eyeing growth in the digital asset landscape.
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3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. 

NEWS
CoreWeave Pulls a $9B Rabbit Out of CORZ’s Hat

CoreWeave announced they’re acquiring Core Scientific in an all-stock purchase of $9 billion, yanking 1.3 gigawatts of power-hungry data centers under its own roof so the AI hype train never runs out of juice. 🤖

• All-stock swipe: each CORZ share morphs into 0.1235 CRWV, valuing Core Scientific at $20.40 — a 66 % premium to its June 25 close.

• $10 billion in future lease bills vaporize the second the ink dries.

• Power grab: 1.3 GW online, another 1 GW on deck, because GPUs don’t run on good vibes.

• Deal closes Q4 25 if regulators and CORZ holders play nice; their slice of the merged pie will be < 10 %.

Deal Math

CoreWeave’s CEO Michael Intrator swears the move “de-risks” expansion and cranks margins by parking compute next to cheap electrons instead of pricey leases. Translation: fewer landlords, more EBITDA.

If management feels frisky, the crypto-mining rigs can be repurposed for high-performance computing or sold off to the next Proof-of-Work true believer.

By 2027, the company pegs fully-ramped cost savings at $500 million a year. That alone pays for a modest pile of H100s, or an obscene bonus pool, depending on how this AI cycle ends.📈

In A Nutshell

Vertical integration means CoreWeave now owns the real-estate, the megawatts, and the narrative. If you thought the AI arms race was expensive before, wait until everyone else has to outbid a hyperscaler that just erased ten billion in lease drag with one signature. 💰

Core Scientific gapped lower and stayed lower for pretty much the whole day, ending down -17.6%. Despite that, Stocktwits users are still extremely bullish.

And CoreWeave ended lower on the day too, by -3.3%, but Stocktwits users remain bullish.

STOCKTWITS EDGE
Has BigBear.ai’s Short-Term Rally Overheated? 🥵 

Small-cap AI company BigBear.ai Holdings is up roughly 260% from its April lows and is trending alongside some of the artificial intelligence (AI) space’s most popular names. However, Stocktwits Sentiment and Message Volume may be suggesting that this rally has run its course. Let’s take a look. 👇️ 

As we can see, Stocktwits Sentiment and Message Volume both approached their year-to-date highs last week as prices rallied; however, both have begun to fall over the last few days, despite prices remaining stable. This could be an indicator that retail investors and traders are becoming slightly less bullish and that finding the “next marginal buyer” at these levels is becoming more difficult. 🤔 

Traditional momentum indicators, such as the Relative Strength Index (RSI), are also flashing an interesting signal. Over the last two years, large spikes above 70 into “overbought” territory coincided with the start of price corrections. Not all of them did, but these are levels that raise a caution flag and are worth monitoring. ⚠️ 

While there’s clearly significant social and price momentum behind this name over the long term, these signals suggest retail’s enthusiasm may be cooling slightly as they wait for more attractive prices to enter on the long side. Time will tell.

Add $BBAI to your watchlist to monitor this move. More importantly, to source these sentiment insights yourself, subscribe to Stocktwits Edge to unlock all the historical sentiment data for equities and crypto. 🔓️ 

*This real-time Stocktwits Sentiment use-case example was curated by Stocktwits’ Editor-in-Chief, Tom Bruni, and is solely for informational and educational purposes. Tom does not hold any positions in BigBearAI as of the time of publishing. For any questions or comments, please email tbruni[at]stocktwits[dot]com.

NEWS
Pits To Bits: Floor Traders Sue CME Over Broken Seat Dreams 🤬

From the WSJ: Thousands of jostling traders once packed the floors of Chicago’s futures exchanges before the advent of high-speed computerized trading turned them into relics of a bygone era. 🗽 

Cool trading floor history fact: the S&P pit used to be so jam packed at the open, you could lift your legs off the ground and not fall because everyone was so compressed on eachother.

Elbows, hand signals, and pieces of paper, not algorithms, used to rule price discovery. Those floor traders (now armed with subpoenas instead of colored jackets) are asking a Cook County jury for roughly $2 billion.

They’re claiming CME Group torched the value of their precious “B shares” the minute it flipped the switch on its Aurora data center in 2010. CME calls the case baseless, but ten years of motions say otherwise, and CEO Terry Duffy’s recent subpoena isn’t exactly the victory lap he wanted.

The Broken Promise, Alleged

CME morphed from member-owned co-op to for-profit titan in 2000, handing A shares (cash-spewing stock) and B shares (floor rights) to members to seal the deal. B shares mattered - until the CME moved the who digital operation to the Chicago suburb of Aurora.

High-frequency traders now bolt their servers right next to CME’s matching engine in Aurora, grabbing fills in microseconds. The pits? Tourist attractions for finance bros on nostalgia trips. B-share prices slid from $1.6 million in 2008 to $875k today, while A-shares more than doubled. Plaintiffs say that divergence screams “bait and switch.” CME shrugs and insists the floor promise didn’t cover any digital real estate.

TL;DR

• Trial kicks off today in downtown Chicago, expected to run several weeks.

• Plaintiffs’ ask: about $2 billion plus interest—enough to buy a whole lot of old soybean jackets.

• B-share carnage: -45% since 2008; A-shares are up 113% in the same stretch.

• Flash-fast advantage: colocated servers at Aurora slice latency to millionths of a second, trumping any edge a human can shout across a pit.

• Possible endgame: a forced B-share buyout? CME says “nope,” but prices have popped lately on that speculation.

If the CME wins, floor traders finally accept what quants have known for years: nostalgia doesn’t settle at the clearinghouse 🫡

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🌊 Sei Hooks Anthropic’s MCP so AI Bots Trade On-Chain in Sub-400 ms

Standardized calls let agents query balances, prove actions, and juggle multi-protocol DeFi moves without custom glue code. Verifiable context builds trust between swarms while Sei’s speed keeps it real-time. Sei.

🛡️ Civic Says “Guard Your AI with Code, Not Trust” After GitHub Repo Hijack

A prompt-injection exploit proved LLM babysitters fold under social engineering, so deterministic rules now stand watch like bouncers. Hard “only-from-org” filters would’ve stopped the MCP fiasco cold, saving private repos from nosy bots. Layering AI security is cheaper than mopping up leaked secrets. Civic.

🔒 Oasis Rolls Out ROFL Mainnet so Heavy AI Logic Sleeps Off-Chain Yet Stays Private

Trusted enclaves crunch data, spit out verifiable proofs, and keep secrets sealed away from curious validators. Early agents include an autonomous trader and a privacy-first chatbot flexing confidential computations. Oasis.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🛡️ Chainlink ACE Wants to Babysit $100 T of Institutional Cash On-Chain

The new Automated Compliance Engine glues vLEIs, ERC-3643 tokens, and Apex pipelines into one policy bot that yells if wallets flunk KYC. Real-time checks span public and private chains without leaking secrets. Chainlink.

🏦 Anchorage Lets Institutions Mint–Redeem JitoSOL Without Leaving the Vault

Anchorage’s federally chartered bank now handles custody, minting, and redemption of JitoSOL inside its HSM walls. Institutions get staking plus MEV yield as one neatly wrapped total-return package. ETFs just found their staking back-office and Wall Street is already slow-clapping. Jito.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🎮 Polkadot’s Blockspace Turns Permissionless IV into a Gaming Arcade

Live Counter-Strike matches, claw machines, and a Pudgy Penguins bash made DePIN and RWA chat actually stick. Exec-heavy Consumer Day plotted mainstream token loyalty while gamers smashed buttons next door. Polkadot.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

⚙️ dYdX Builder Codes Turn Order Flow into a Paycheck

Dev apps can now slap a fee field on orders, route to 200+ perp markets, and pocket revenue automatically on every fill. The metadata lives on-chain, audits itself, and scales with user clicks. Congrats, you just became the middleman DeFi swore to eliminate. dYdX.

⚡ Injective’s Native EVM Testnet Roars to 20K TPS and Laughs at Bridged Alternatives

Wall Street may need something stronger than caffeine to keep pace with this one. Solidity devs deploy in seconds, account abstraction hides the gas pain, and MultiVM lets EVM and WASM swap assets without bridges. Early benchmarks show 4× the speed of rival chains, with tokenized stocks and AI agents already live. Injective Protocol.

🦄 Uniswap Smart Wallets Bring One-Click Swaps and Soon “Pay Gas with Anything”

New wallets default to programmable contracts bundling approvals and trades while EIP-5792 support slashes signatures on the web app. Gas sponsorship and any-token fees roll out next, making EOAs look prehistoric. If MetaMask doesn’t copy this UX fast, expect angry thumbs. Uniswap.

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋