🔔 SUMEX Monday Watchlist: Top Crypto Shakers (June 30)

Bitcoin held steady near $108K through the weekend, but calm rarely lasts. With macro catalysts looming, volatility could erupt any moment — here’s what’s moving markets as the week begins.

Key Monday News

📈 Ether’s Lead
ETH outpaced BTC last week, fueled by two major tailwinds. The GENIUS Act’s Senate passage promises regulatory clarity for stablecoins — a boon for Ethereum’s ecosystem — while robust spot ETH ETF inflows reflect strong institutional interest.

🥇 BTC Beats Gold
The BTC-gold ratio has surged over 10% — the coin's best performance since April. Similar spikes in 2024 and April-May 2025 preceded explosive Bitcoin rallies. Is history about to repeat?

🇺🇸 Congress’s $4T Debt Bomb
Washington races to pass Trump’s “One Big, Beautiful Bill” before July 4. While it avoids crypto directly, a $4T debt expansion could ignite inflation fears — potentially driving investors toward BTC. Watch for ripple effects.

🤑 Strategy’s Bitcoin Hoard
Michael Saylor’s firm added 4,980 BTC ($532M) last week, funded by preferred stock sales. The stash of the biggest corporate BTC holder has grown to a whopping 597,235 BTC (purchased for $42.4B).

✋ UK Banks' War on Credit Cards
Barclays has joined UK peers in blocking crypto purchases via credit cards (effective June 27), citing customer debt risks. This comes as the Financial Conduct Authority considers broader restrictions on credit-based crypto buying.

Macro Signals to Watch

📌 ADP Nonfarm Employment (Jul. 2) — After two unimpressive months, June projections stand at 105K jobs, but another sub-100K gain would support BTC's hedge narrative.

📌 US jobs report (Jul. 3) — With July rate-cut odds at 22%, weak June data (unemployment rising, sub-100K nonfarm payrolls) could fuel crypto bids. Forecast: 120K added jobs with 4.3% unemployment.

📌 ISM Non-Manufacturing PMI (Jul. 3) — A sub-50 reading in June (service sector contraction) may support crypto; a rebound above 51.6 (April reading) could pressure risk assets. Analysts expect 50.8.

Top Movers: SEI vs. KAIA

↗️ SEI (+54.3%) — Wyoming’s state stablecoin (WYST) announcement ignited SEI Network activity, with daily transactions hitting 1.6M and active wallets jumping 10.49%. Q2’s adoption wave rolls on.

📉 KAIA (-15.4%) — Momentum faded after a bearish reversal on June 25, erasing DeFi-driven gains. Support from encouraging inflows into dApps has proved short-lived.

#cryptonews@sumex_official