🔔 SUMEX Monday Watchlist: Top Crypto Shakers (July 7)

Bitcoin surpassed $109K today after US Treasury Secretary Scott Bessent hinted at imminent trade deals before the July 9 tariff deadline. Altcoins followed suit — here’s what’s driving crypto markets this week.

Key Monday News

🇺🇸 America Party Embraces BTC
Elon Musk has declared his own "America Party" Bitcoin-friendly, calling fiat "hopeless." The July 5 launch announcement came amid Musk’s clash with Trump over the potential $4T debt-ceiling boost included in the “Big, Beautiful Bill.”

⚖️ XRP’s Regulatory Leap
Ripple Labs' July 2 application for a national bank charter reignited investor confidence. This license would enable Ripple to operate as a federally regulated trust bank — a significant step toward deeper integration with TradFi.

🇦🇪 TON’s $100K Golden Visa
TON Foundation CEO Max Crown has unveiled a "groundbreaking initiative." Those who keep $100K worth of TON staked for three years and pay a $35K processing fee can secure a 10-year UAE Golden Visa.

🤩 DOGE’s Political Pump
Dogecoin gained 5%+ as the America Party rollout fueled crypto-political optimism and speculation about DOGE’s potential role in Musk’s movement. Aggressive whale accumulation suggests renewed institutional confidence.

🧟 Satoshi-Era Whale Awakens
A Satoshi-era wallet has moved over $8B in BTC to modern addresses. The absence of sell-off evidence suggests the transfer was a precaution — the new addresses offer stronger protection against exploits.

Macro Signals to Watch

📌 US Consumer Credit (Jul. 8) — May forecast: $10.6B (down from $17.87B). Higher credit benefits the USD, while a decline would support crypto sentiment.

📌 FOMC minutes (Jul. 9) — Market looks for dovish/hawkish cues after Powell's "wait-and-see" stance. The minutes may confirm rate cut hesitation due to tariff inflation risks and strong jobs data — a crypto headwind.

📌 US Initial Jobless Claims (Jul. 10) — Projected for the week ending July 5: 235K (prev. 233K). Higher claims are bullish for crypto; lower claims may pressure risk assets.

Top Movers: BONK vs. SEI

↗️ BONK (+54.3%) — The Solana-based meme coin has surged to its highest levels since May 2025 amid renewed sector momentum. Its six-day rally could be fueled by activity on the new LetsBonk launchpad.

📉 SEI (-15.4%) — The token lost ground on July 4, partially reversing gains from its Wyoming stablecoin pilot selection. The decline contrasts oddly with strong trading volume and on-chain activity.

#cryptonews@sumex_official