Nexo Radar

$PUMP (pump.fun) is now available on Nexo: ▪️ Buy with card, Apple Pay or Google Pay ▪️ Swap $PUMP on the Nexo Exchange Currently unavailable to UK clients.

Daily Market Dispatch – July 15, 2025 Overview Markets entered midweek cautiously as investors awaited the first wave of Q2 bank earnings. In parallel, attention has turned to Washington, where “Crypto Week” has put digital asset legislation in focus — including proposed rules on stablecoins, token classification, and limits on central bank digital currencies. Tuesday’s U.S. inflation data offered no major surprises, reinforcing the narrative of slow but uneven disinflation. Bitcoin edged higher after the release, while Ethereum also regained ground. Total crypto market cap has retreated slightly to $3.68 trillion, but continues to signal elevated investor engagement. With both macro risk and digital asset momentum in play, the week ahead could offer a clearer test of whether markets are pricing stability — or just resilience. Bitcoin Following the CPI print, Bitcoin edged toward $118,000 after retreating below $117,000 early Tuesday, coming off a fresh all-time high of $123,120. Wallet data shows that holders with under 100 BTC have been accumulating over 19,000 BTC per month — significantly outpacing new issuance, which has averaged about 13,400 BTC monthly since the April halving. At the same time, ETF allocations have accelerated, with BlackRock’s IBIT nearing $90 billion in AUM. The supply-demand mismatch is no longer a theoretical model — it’s playing out on-chain and in fund flows, with fewer coins available at higher prices. The recent rally, a 65% rebound from April lows, illustrates Bitcoin’s evolving role in portfolios. Retail accumulation has tightened supply while ETF rebalancing injects demand — creating a structural bid that appears to be redefining the asset’s trading range. Ethereum Ethereum reclaimed the $3,000 mark after the inflation print, adding further support to the uptrend and remaining near a five-month high. Spot ETH ETFs have now surpassed $5 billion in net inflows, adding $1 billion in just 12 trading sessions — a notably faster pace than previous intervals. Ethereum ETFs now account for more than 10% of total crypto ETF inflows in the U.S., a sign of deepening institutional interest even as Bitcoin funds continue to dominate flows. This traction has helped Ethereum sustain its breakout, despite minor pullbacks across the broader altcoin space. With staking, scaling, and regulated access now part of the narrative, Ethereum is building a case not just as a hedge, but as infrastructure. Macro & Markets U.S. futures were steady on Tuesday, with the S&P 500 and Nasdaq both up modestly as investors prepared for earnings from JPMorgan, Citigroup, Wells Fargo, and BlackRock. June’s CPI report showed headline inflation rising 0.3% month-over-month and 2.7% year-over-year, in line with expectations. Core inflation eased slightly, with the annual rate dipping to 2.9% and the monthly increase at 0.2%. The data points to a continued but gradual cooling in inflation, though sticky core prices suggest the Fed may need more confirmation before pivoting decisively. Rate expectations remain delicately balanced between a September cut and a longer wait. Looking Ahead With June CPI now behind, the focus shifts to additional inflation inputs. Tomorrow brings the U.K. CPI and U.S. PPI reports, while Thursday’s Eurozone CPI and U.S. retail sales figures could prove decisive in shaping short-term sentiment. In crypto, investor focus will remain on ETF flows and any legislative movement during “Crypto Week.” The coming days may define the next leg: confirmation of a soft-landing narrative, or the reintroduction of volatility via inflation and policy signals. With float tightening and institutional participation on the rise, Bitcoin and Ethereum continue to show structural resilience — even amid a tactical cooling-off period. — Iliya Kalchev, Nexo Dispatch analyst For informational purposes only; not financial or investment advice

Inflation takes center stage this week, accompanied by a slate of growth and activity data to round out the global macro picture. Here’s what to look for: 🇺🇸 U.S. CPI MoM & YoY (June) – July 15, 12:30 GMT 🇬🇧 U.K. CPI MoM & YoY (June) – July 16, 06:00 GMT 🇺🇸 U.S. PPI MoM & YoY (June) – July 16, 12:30 GMT 🇪🇺 Eurozone CPI MoM & YoY (June) – July 17, 09:00 GMT 🇺🇸 U.S. Initial Jobless Claims – July 17, 12:30 GMT 🇺🇸 U.S. Retail Sales MoM & YoY (June) – July 17, 12:30 GMT 🇺🇸 U.S. Philadelphia Fed Manufacturing Index (July) – July 17, 12:30 GMT And to cap the week, Taiwan Semiconductor Manufacturing Company (TSM) reports earnings on Thursday – a chip titan with the potential to move markets.

Daily Market Dispatch – July 11, 2025 Overview Bitcoin has broken gravity again, surging to a record high of $118,320 and lifting the entire crypto market with it. The move comes amid tight on-chain supply, historical volatility compression, and ETF-driven capital rotation. As the digital asset market cap approaches $3.5 trillion, macro headwinds — from President Trump’s tariff escalation to weakening global risk sentiment — are only sharpening crypto’s relative strength. U.S. stock futures slipped after President Trump unveiled a 35% tariff on Canadian goods and signaled that similar measures could be imposed on Europe. The S&P and Nasdaq closed at record highs Thursday, but now face renewed global trade friction. Bitcoin Bitcoin is now printing weekly records, not just intraday highs. It hit $118,320 overnight, riding a wave of institutional demand and positioning itself as the macro hedge of choice in a policy-fragmented world. U.S. spot ETFs took in $1.18 billion in just 24 hours, with $6.3 billion in total trading volume — the highest since May. BlackRock’s IBIT alone absorbed $448.5 million. On-chain data reveals a tightening coil: long-term holders continue to accumulate, monthly demand exceeds miner issuance, and realized volatility sits near 18-month lows. Just 0.4% of trading days since 2022 have shown a tighter 60-day range. Meanwhile, options markets are pricing in historically low implied volatility — setting the stage for sharp directional moves on relatively modest flows. ETF products now hold $137 billion in assets — 6.4% of BTC’s market cap — and are compressing supply into institutional wrappers. With 19% of supply now concentrated within 10% of current prices, Bitcoin is structurally coiled, and macro tremors may now echo louder across the chain. On the institutional front, Bitcoin treasury holdings now exceed 725,000 BTC Ethereum & Altcoins Ethereum finally cleared the $2,800 supply ceiling and now trades firmly above $3,000. Spot ETF inflows, L2 activity, and technical momentum are converging. With ETH ETFs attracting record volumes and rising above the Ichimoku cloud, momentum signals favor continuation — especially as $3,066 looms as the next retracement target. Altcoins are feeding off the Bitcoin surge. Solana broke out of an inverse head-and-shoulders pattern, flashing a dual technical breakout with a path toward $200. XRP logged its strongest momentum since January, with RSI above 70 and open interest at multi-month highs. Cardano surged 13%, and Dogecoin jumped 12% as liquidity rotated into high-beta names. The BTC breakout is no longer a solo act — it’s triggering dispersion. Macro & Institutional Developments The macro backdrop is shifting, and crypto is capitalizing. President Trump’s expanding tariff agenda — now targeting Canada, Brazil, South Korea, and potentially the EU, is adding fresh uncertainty to the global outlook and complicating inflation forecasts.. Fed futures now price a higher probability of September rate cuts as supply-side shocks mount. With CPI data due next week, policy ambiguity is becoming fuel for Bitcoin’s bid. China also made a subtle pivot. A strategic meeting in Shanghai signaled openness to stablecoin infrastructure, marking the first visible shift since the country’s crypto ban. Meanwhile, the SEC is reviewing a wave of exotic ETF proposals — from 2x leveraged TRON products to staking-based SOL funds, indicating that U.S. crypto policy is evolving. Looking Ahead Today’s calendar is quiet, but next week could spark rotation across markets. The spotlight shifts to U.S. CPI and PPI, UK CPI, and U.S. retail sales, with earnings season kicking off via major banks. Meanwhile, Crypto Week begins July 14 — with at least three regulatory bills headed to the House floor. For crypto, the macro narrative isn’t just a backdrop anymore. It’s part of the bid. — Iliya Kalchev, Nexo Dispatch analyst For informational purposes only; not financial or investment advice

🏆 The winners of our Exchange and Savings games 🏆 Learning turned into earning. Our Savings and Exchange games have their winners: Exchange Game: @Sardurss takes $300 in Essentials Basket Savings Game: @Alli1 takes 300 NEXO Tokens Please reach out to our team to claim your prize. For the other winners, check our posts on Reddit and X. Thank you to everyone who joined.

The Nexo Card Annual Report is here. A year of crypto spending – decoded. From paying without touching your crypto to spending stablecoins like cash. From Gen Z swipes to high-end luxury – it’s all in. In 2024, Nexo Card’s Credit Mode grew by 72%, as users chose to borrow instead of sell. Over 100,000 $BTC and 750,000 $ETH stayed untouched – while life went on. HODL is evolving into a new way to spend. Dive into the trends & insights: Nexo Card Annual Report

Daily Market Dispatch – July 10, 2025 Overview Bitcoin is back at the top with a new all-time high just above $112,000 posted in late Wednesday trading — and this time, it's bringing the market with it. With the total crypto market cap at $3.47 trillion, digital assets are surging against a backdrop of macro dislocation and policy suspense. Even as U.S. equity futures dip and tariff headlines return, crypto continues to absorb capital with a resilience that defies old-cycle logic. Markets are pivoting through a swirl of bullish momentum and political friction. U.S. equity futures edged lower as President Trump’s trade push extended to Brazil and copper, renewing inflationary concerns just as the Fed signaled openness to cuts later this year. Meanwhile, the AI boom continued to rewrite valuations — with Nvidia briefly brushing the $4 trillion milestone. Beneath the surface, a powerful macro undercurrent is forming: investors are increasingly positioning ahead of expected monetary easing, a supportive fiscal regime, and swelling interest in real assets. Bitcoin Bitcoin pierced a fresh record high at $112,152 before profit-taking and tariff noise capped the ascent. Yet the narrative has shifted — and it's sticky. Bitcoin isn’t riding a wave of retail FOMO. It’s anchoring itself deeper into portfolios. Spot ETFs have now absorbed over $50 billion since launch, with $218 million flowing in just yesterday. Major allocators, corporate treasuries, and policy-hedgers are all converging on one idea: in a world of tariff risk, fiat slippage, and digital rails, Bitcoin is becoming the benchmark. The $105,000–$108,000 zone now acts as structural support, while option flows cluster at $115,000–$120,000 — suggesting the next leg could arrive faster than expected. Ethereum and Altcoins Ethereum is catching up fast — and then some. ETH reclaimed $2,780, riding on ETF inflows that crossed $4.7 billion and record trading volumes in BlackRock’s ETHA. The derivatives picture turned intriguing, with futures positioning increasingly misaligned from spot demand — a setup that often precedes sharp directional moves. With Q3 catalysts like staking enablement, treasury adoption, and elevated burn rates, Ethereum’s supply/demand profile is tightening fast. Altcoins joined the breakout. XRP surged on whale accumulation and institutional derivatives bets. Dogecoin, Solana, and Polygon all posted 5–7% rallies. Notably, retail wallets remain subdued — a contrarian signal often seen before vertical extensions. Macro and Institutional Developments The macro stage is bracing for change. Fed minutes confirmed a tilt toward rate cuts later in 2025, citing tariff-induced disinflation and fragile confidence. President Trump’s tariff campaign — now targeting Brazil and copper at 50% — raises geopolitical friction but could paradoxically fast-track dovish policy. Nvidia’s AI-fueled $4 trillion flirtation signals that productivity optimism is trumping trade anxiety. On Capitol Hill, crypto’s regulatory future enters a critical window. With “Crypto Week” on deck, bipartisan frameworks are advancing, including SEC exemptions and clear asset classifications — a shift in tone from reactive to constructive. Looking Ahead Markets now await today’s U.S. jobless claims and Friday’s Treasury Budget, with digital assets watching closely for signs of liquidity persistence. But next week could prove pivotal. U.S. CPI and PPI, U.K. CPI, and U.S. retail sales figures for June are all on deck — offering the next major checkpoint for inflation trajectories, consumer strength, and central bank maneuvering. Crypto eyes turn to “Crypto Week” beginning July 14, where landmark bills could redefine the regulatory map. For digital assets, policy risks are now also policy catalysts. And as capital keeps flowing through compliant channels, the next leg up may be written in law — not code. — Iliya Kalchev, Nexo Dispatch analyst For informational purposes only; not financial or investment advice

Daily Market Dispatch – July 9, 2025 Overview Bitcoin hovered near $108,700 on Wednesday, holding firm as broader markets showed signs of fragility. While equities and metals drifted amid tariff and interest rate uncertainties, crypto remained pinned in place — likely by mounting macro forces. Still, the total crypto market cap edged towards $3.4 trillion. With ETF speculation intensifying and regulation looming, the quiet may not last much longer, as President Trump presses ahead with his tariff playbook. A 50% copper duty and sector-specific levies are on the table, even as the broader deadline was extended to August 1. Investors have largely taken it in stride, but the policy fog adds a layer of tension. Trump continues to pressure Jerome Powell to resign, while reports suggest Kevin Hassett may be his preferred replacement. Bitcoin BTC rose 0.4% to $108,720 but remains in the tight $100K–$110K range. Traders are showing caution below the $111,970 all-time high. Momentum has stalled, and bulls appear hesitant without a fresh macro catalyst. Notably, $1.63 billion in short positions sit at risk if BTC reclaims its ATH, adding tension to any upside move. Open interest is stable at $35 billion, and social sentiment is rising — but recent spikes in optimism have coincided with local tops, suggesting this quiet may not be as calm as it looks. Ethereum and Altcoins Ethereum briefly overtook Bitcoin in trading volume, driven by renewed institutional interest and a Fidelity report comparing its economic structure to national GDPs. Firms like BTCS and GameSquare are allocating ETH as part of their treasury strategies — a shift in tone and allocation. Yet, ETH’s price hasn’t exactly followed the hype. The asset remains anchored around $2,620, though it now sits in a zone where, if momentum builds, a breakout may follow. Altcoins mirrored BTC’s cautious gains. Polygon surged 7.2%, Cardano added 3.5%, Solana rose 2.4%, and XRP held near $2.33. Tokenization continues to rise as a macro narrative. Robinhood, Coinbase, and several Wall Street names are rolling out tokenized products, and Bitwise argues this shift could anchor the next phase of institutional adoption. Macro and Institutional Markets have mostly brushed off Trump’s latest tariff threats. Commodities were mixed as gold slipped 0.2% despite macro jitters. A resurgent dollar — driven by fading rate cut expectations — added pressure across the board. Meanwhile, the SEC is reportedly working with exchanges on a universal ETF listing framework that could streamline approvals. A broad slate of products, including Solana, XRP, and DOGE ETFs, may soon be greenlit. Bloomberg analysts place approval odds at 90–95%. Stablecoins are subtly becoming systemic. Tether, Circle, and others now hold over $182 billion in U.S. Treasuries, ranking them among the top 20 global holders. Their influence on dollar liquidity — and short-term rates — is increasingly hard to ignore. Looking Ahead Investors will be watching Thursday’s U.S. jobless claims for clues about short-term risk appetite. Next week, attention turns to Crypto Week in Washington, where lawmakers are expected to advance multiple digital asset bills. Later this month, the SEC is expected to release a draft of its ETF approval framework — a move that could open the floodgates for new products. — Iliya Kalchev, Nexo Dispatch analyst For informational purposes only; not financial or investment advice

Daily Market Dispatch – July 8, 2025 Overview Optimism simmers as traders eye new BTC horizons and institutional waves swell. Bullish bets are stacking toward a BTC $130,000 mark, even as some altcoins see modest profit-taking. Institutional flows, regulatory developments, and renewed tokenization momentum are all supporting the market’s composure, even as old whales quietly stir the Bitcoin and Ethereum ecosystems. Still, global market sentiment shows signs of tentative positioning following U.S. President Trump’s sweeping new tariff announcements, which have introduced a fresh layer of uncertainty. Bitcoin Bitcoin is trading at $108,300, holding firm as market confidence builds around a potential new leg higher. While price action remains relatively calm, conviction is rising. Traders are increasingly targeting upside, with aggressive options open interest clustering around the $130,000 strike. Even with a dormant whale address moving a large stash of decade-old BTC, sentiment has remained firm. Analysts say the broader mood reflects stability rather than panic, supported by continued ETF participation and fresh institutional accumulation. That momentum was underscored by Strategy’s massive $1.4 billion Q2 profit, which it booked largely from BTC exposure. The firm has now set a $4.2 billion ATM offering for its STRD preferred shares, giving it further dry powder for balance sheet expansion. Ethereum & Altcoins Ethereum is stable at $2,500, though on-chain watchers noticed a rare move from a Genesis-era address holding millions in ETH – a shift that raised eyebrows but didn’t shake the market. Meanwhile, XRP continues to build strength above $2.26, with $2.38 now in sight. Technicals suggest the next leg higher could be underway with positive funding rates and growing open interest further reinforcing the bullish bias. DOGE is showing similar signs of life, bouncing off its pullback lows and forming a bullish triangle pattern – often a prelude to a momentum breakout. Meanwhile, BONK is pushing its way into the Solana token elite, now representing 55% of recent Solana token issuance—a sign of both memecoin stickiness and Solana ecosystem growth. Institutional & Policy Institutional moves are stacking up. Australia’s DigitalX has secured new capital to expand its Bitcoin holdings, joining other regional players like Animoca in pushing crypto treasury strategies forward. In Dubai, regulators approved the first tokenized money market fund under the city’s RWA framework – setting a milestone for on-chain finance in a jurisdiction quickly becoming a global hub. Back in the U.S., the SEC has set a July deadline for Solana ETF refilings, a sign that pre-October approvals are possible if filings are cleaned up. That’s given SOL bulls new hope, even as altcoin volume has temporarily dipped. In Asia, Hong Kong regulators are signaling tighter stablecoin rules ahead, while mainland officials in Shenzhen have issued a new caution around digital asset usage. The message is clear: compliance matters, and guardrails are tightening even in regions once seen as loosely regulated. Looking Ahead As Q3 unfolds, eyes are fixed on Bitcoin’s push toward $130,000, Ethereum’s on-chain shifts, and altcoin technicals that hint at further breakout potential. Tokenization efforts, Solana ETF milestones, and institutional treasury moves all continue to reinforce crypto’s growing maturity – without losing the volatility that keeps it lively. Key macro events this week — including the 10-Year Note auction and FOMC minutes on July 9, followed by jobless claims on July 10 — could further shape the risk appetite across markets. But with tariff uncertainty dominating headlines and “Crypto Week” legislation debates beginning July 14 in Washington, regulatory and geopolitical catalysts are set to share center stage with price charts. – Iliya Kalchev, Nexo Dispatch Analyst For informational purposes only; not financial or investment advice.

Daily Market Dispatch – July 7, 2025 Crypto opens the week neutral on sentiment but strong on fundamentals, with structural forces continuing to support asset prices near record levels. The Fear & Greed Index sits at 52, a neutral read that belies a market steadily laying the groundwork for a breakout. Bitcoin just logged its highest weekly close on record and started the week around $109,000. Ethereum tracks the same upward channel at $2,550. A volatile weekend sparked by political noise has given way to firmer hands, with the asset class increasingly shaped by long-term structural forces, not short-term headlines. Bitcoin Bitcoin begins the week near $109,000 after notching a record weekly close, extending its structural ascent powered by institutional flows and sovereign-level interest. President Trump’s delay of the 50% EU tariff deadline to July 9 removed near-term trade friction, while spot ETFs saw over $1.3 billion in inflows. MetaPlanet’s latest BTC addition brings its holdings above 15,500 coins. With momentum accelerating, Bitcoin is once again eyeing the $114,000 resistance. A breakout above this level could see a swift move toward $143,000, supported by strong structural demand and improving macro visibility. Ethereum & Altcoins Ethereum and the broader altcoin market are increasingly defined by utility, not narrative. At $2,580, ETH is up 2.3% since Friday, buoyed by the tone set at the Ethereum Community Conference in Cannes. The event reflected a maturing ecosystem, payment giants, and infrastructure leaders outlining real-world applications. The focus has shifted from vision to execution. TradFi firms like BlackRock and Deutsche Bank unveiled new Layer-2 tokenization efforts, reinforcing Ethereum’s role as the financial internet’s settlement layer. Meanwhile, the stablecoin economy is accelerating—both in USD and euro-denominated projects—transforming Ethereum into a base layer for sovereign and corporate monetary applications. XRP trades at $2.27, helped by speculation around upcoming trade negotiations, while Dogecoin, up over 5%, has ridden a fresh wave of interest tied to Elon Musk’s America Party announcement. Solana holds at $151.88 and continues to attract meaningful developer and DeFi traction. The altcoin complex, though still secondary in capital terms, is gaining traction through use case expansion. Macro & Equities Global risk appetite is being shaped by two major forces this week: the July 9 tariff deadline and the Federal Reserve’s minutes release on July 10. President Trump’s recent tax bill passage has re-energized U.S. equity markets, with the Nasdaq reaching fresh highs and boosting crypto by correlation. There’s growing optimism that the Fed may soon acknowledge moderating inflation, with bond markets pricing in potential rate cuts later this year. U.S. stock futures slipped as investors await clarity on President Trump’s tariff agenda ahead of the July 9 expiration of the current pause. President Trump hinted at multiple bilateral deals and warned of tariff hikes potentially reaching 60–70%. Nations aligned with BRICS face an extra 10% levy. Meanwhile, President Trump escalated his feud with Elon Musk over the latter’s plan to launch a third political party. Separately, oil was flat after OPEC+ announced a bigger-than-expected output increase for August, fueling oversupply concerns. Looking Ahead With the tariff delay buying time and institutional flows remaining robust, crypto enters the week with constructive momentum. The July 9 trade deadline and July 10 FOMC minutes may set the tone for the remainder of the month. Should macro conditions stay supportive and geopolitical noise remain contained, the stage is set for a fresh leg higher. Crypto continues to mature as a macro asset class—both resilient to shocks and increasingly aligned with the broader financial system. — Stella Zlatareva, Nexo Dispatch Editor For informational purposes only; not financial or investment advice

A relatively calm week for macro events, yet a handful of releases could still shape short-term market direction. 🇺🇸 U.S. 10-Year Note Auction – July 9, 17:00 GMT 🇺🇸 U.S. Federal Open Market Committee (FOMC) Meeting Minutes – July 9, 18:00 GMT 🇺🇸 U.S. Initial Jobless Claims – July 10, 12:30 GMT

You can now use your $BTC, $ETH, and $XRP as collateral for Futures. ▪️ Open positions directly – no need to convert to stablecoins ▪️ Stay flexible in dynamic markets ▪️ Transfer between Futures and Savings Wallets, even with active positions Capitalize on high-impact opportunities with even more efficiency and control. Whether you aim to grow, hedge, or stay flexible, elevate your strategy with multi-asset Futures collateral. 👉 Get started

Daily Market Dispatch – July 3, 2025 Momentum builds, with all eyes on Fed and labor data Overview Crypto markets are regaining momentum, with total capitalization nearing $3.4 trillion and daily trading volumes soaring over 40% to $129 billion—marking the largest one-day spike since April. Bitcoin is trading above $109,000, Ethereum is regaining institutional flows, and altcoins like XRP and Solana are drawing headlines. Traditional markets are equally constructive: the S&P 500 and Nasdaq posted record closes, EUR/USD matched Bitcoin’s 13% YTD gains, and gold steadied near $3,350 per ounce. While sentiment across risk assets is improving, sustainability hinges on macro confirmation, especially from today’s labor data and the approaching July 9 trade deadline. Bitcoin Bitcoin rose 2.5% to $109,600, the highest since mid-June, buoyed by rising ETF inflows and Fed policy ambiguity. June’s retail volume hit a nine-month low, underscoring that institutions remain the main driver. Still, without a clearer monetary policy trigger or fresh ETF momentum, BTC may remain range-bound short term – though structurally stronger beneath the surface. Ethereum & Altcoins Ethereum climbed over 5%, buoyed by a return of institutional flows. BlackRock’s iShares Ethereum Trust brought in $40 million on Tuesday, ending a 15-day outflow streak. Still, challenges remain. Competition from faster chains and softer on-chain activity continue to pressure Ethereum’s core metrics. For now, macro liquidity and institutional positioning are enough to carry ETH higher. XRP advanced 3.5%, while XRP/BTC broke above a falling wedge pattern. Ripple’s application for a national banking license and a Federal Reserve master account strengthened confidence in RLUSD, its stablecoin initiative. A spot XRP ETF, now given a 95% probability by Bloomberg analysts, would mark a major regulatory milestone. Solana rallied after launching the first U.S.-approved staking ETF, the REX-Osprey Solana + Staking ETF, which posted $33 million in day-one volume. The launch signaled institutional appetite for regulated crypto yield products. AUM reached $1 million on day one, with expectations of further growth. Macro & Institutional Markets are watching today’s U.S. labor data closely. Nonfarm payrolls are expected to show 111,000 new jobs and a modest uptick in unemployment. A weaker print could lock in expectations for a September Fed cut, as soft inflation and early labor market cooling give the central bank more room to ease. Powell remains cautious, but pressure is building. Meanwhile, U.S. President Donald Trump’s $3.3 trillion tax plan is still under internal GOP debate. If passed, it could widen the deficit and weigh further on the dollar. Gold, already up 2.5% this week, reflects increased hedging as investors reassess U.S. fiscal risks and rate expectations. Institutional crypto momentum continues. Grayscale’s GDLC ETF—spanning BTC, ETH, XRP, SOL, and ADA—was approved via delegated authority, but now faces SEC review. Ripple’s efforts to secure a national bank charter and Fed master account could set a new standard for regulated stablecoin issuers. JPMorgan’s Kinexys unit is testing tokenized carbon credits with S&P Global and two registries, underscoring traditional finance’s growing interest in real-world asset tokenization and regulated on-chain infrastructure. Looking Ahead Today’s U.S. labor market data—initial jobless claims, June nonfarm payrolls, and the unemployment rate—will be pivotal in shaping expectations for Federal Reserve policy. A weaker-than-expected report could accelerate bets on a September rate cut and support further upside for crypto and gold. ETF flows remain the clearest signal of institutional conviction, particularly for Bitcoin, Ethereum, and XRP, while Solana’s successful ETF debut could pave the way for more staking-linked products. The second half of July may transition from cautious optimism to more active capital deployment.

Daily Market Dispatch – July 2, 2025 Crypto markets are entering July with a steady tone, as macro softness, institutional diversification, and infrastructure milestones converge to support a risk-on tone. The total market cap rebounded to $3.31 trillion, recovering from Tuesday’s $3.24 trillion dip, led by Bitcoin’s swift climb back above $107,600 and Ethereum’s steady footing near $2,400. While altcoins like Solana (SOL), XRP, and Dogecoin (DOGE) show mixed short-term performance, the broader momentum is underpinned by weakening U.S. manufacturing data, a softer dollar, and growing institutional engagement, from altcoin treasury strategies to European blockchain integration efforts. Together, these developments mark a transition from speculative recovery to more structural, conviction-driven participation in the crypto asset class. Bitcoin Bitcoin maintains its position after a brief retreat towards $105,000 on tariff uncertainty on Tuesday. Longer-term structural adoption continues to unfold, with institutional flows remaining positive: spot Bitcoin ETFs just notched a 15-day inflow streak, pulling in $102 million on Monday and nearly $4.7 billion over the period. BlackRock’s IBIT led the charge, accounting for 81% of those inflows. The U.S. Dollar Index has dropped to its lowest level since early 2022 following dovish comments from Fed Chair Powell, proving a tailwind for Bitcoin prices. Ethereum & Altcoins Ether lost 3% on Tuesday, breaking below key support, but has recovered near $2450. Despite the price pullbacks, institutional interest in ETH remains strong. SharpLink Gaming added 9,468 ETH to become the largest publicly traded holder with over 198,000 ETH, while BitMine announced a $250 million capital raise to fund an Ethereum-focused treasury strategy backed by major crypto investors. Both companies see Ethereum as a core asset for digital finance and long-term growth. Dogecoin (DOGE) rose 2% after forming a bullish double-bottom pattern, with technical indicators and rising social chatter driving the move. The rally highlighted how quickly sentiment can shift in retail-driven assets. XRP and Solana (SOL) remain buoyed by ETF momentum and growing interest from public companies building altcoin treasuries. While SEC approval for XRP and Solana spot ETFs remains pending, institutional demand is laying the groundwork for future launches. Macro & Institutional Landscape Macro conditions remain supportive of crypto as a high-beta asset class. The U.S. Manufacturing PMI fell to 49% in June, marking a fourth straight month of contraction and strengthening the case for a Fed rate cut later this year. At the same time, oil prices are forecast to drop into the $40–$60 range, and the U.S. Dollar Index is at its lowest since early 2022, pressured by dovish Fed commentary and fiscal concerns. On the institutional front, the SEC’s approval of a multi-asset spot ETF marks a key structural shift, broadening mainstream exposure to XRP, Solana, and Cardano. Diversification beyond Bitcoin and Ethereum is becoming a central theme, with additional issuers reportedly preparing similar products. Corporate treasuries outpaced ETFs in Bitcoin accumulation for the third straight quarter, growing holdings by 18% vs. ETFs’ 8% in Q2. This could reflect a strategic divergence: companies accumulate BTC to boost shareholder value, not just gain exposure. Looking Ahead In the USA, the House is set to review the Senate’s fiscal bill on Wednesday. Meanwhile, markets are eyeing Wednesday’s ADP jobs data, forecast at 99,000, for clues on Fed policy ahead of Thursday’s key nonfarm payrolls and unemployment report. Labor market signals remain mixed, reinforcing the Fed’s cautious stance amid ongoing tariff uncertainty. — Stella Zlatareva, Nexo Dispatch Editor For informational purposes only; not financial or investment advice.

Nexo becomes the first Official Digital Wealth Platform of the DP World Tour — launching the Nexo Championship this August Nexo is proud to announce a landmark, multi-year partnership with the DP World Tour. We’re now the first-ever Official Digital Wealth Platform of one of golf’s premier global tours – and the Title Partner of the Nexo Championship, debuting this August at Trump International Golf Links in Aberdeenshire. This is a groundbreaking moment: a crypto-native company stepping onto the world stage of professional golf. Golf and wealth share the same foundations: discipline, precision, and a long-term mindset. These are the same principles that define Nexo’s approach to building a trusted, global platform for digital assets. Our partnership brings together digital finance and elite sport – elevated, international, and built to last. In 2025, Nexo will partner with some of the DP World Tour’s most prestigious tournaments, including: the Genesis Scottish Open, the Betfred British Masters, the BMW PGA Championship, the Abu Dhabi HSBC Championship, and the DP World Tour Championship in Dubai. Across each event, we’ll host tailored experiences for our clients and partners, where the world of wealth meets world-class sport. Nexo is now golf's global partner and the place where digital finance meets long-term growth. Evolve the game of wealth and sport with a platform that’s trusted to lead. Find out more details on this landmark partnership.

Daily Market Dispatch – June 30, 2025 Bitcoin has settled into a quiet strength just below $108,000, rising in tandem with equities that closed last week at fresh highs, and underscoring its newfound resilience to global disruptions. Investors have quickly shifted their focus to President Trump's $4.5 trillion tax bill and today’s decisive vote, as well as Federal Reserve Chair Jerome Powell’s upcoming remarks, and crucial labor market data due this week. Markets remain optimistically cautious against geopolitical tensions receding and tariff deadlines looming. Bitcoin Bitcoin’s weekend push above $108,000 underscored its resilience amid fluctuating risk sentiment. Despite persistent geopolitical cross-currents, institutional flows remain robust, with U.S. Bitcoin ETFs continuing a two-week inflow streak totaling nearly $3 billion. The cryptocurrency’s renewed momentum, driven by improving macro sentiment and steady institutional support, positions it for potential tests of recent highs, pending macro developments. Ethereum Ethereum hovered near $2,500, buoyed by anticipation around REX Shares' staking ETFs for Ethereum and Solana and positive signals from the SEC indicating no further objections to the products. Behind the price, Ethereum validators are upgrading to Distributed Validator Technology (DVT), decentralizing validator operations across multiple nodes. This upgrade isn’t merely a technical improvement – it’s becoming an institutional requirement, as Ethereum’s staking infrastructure must meet the standards of traditional capital allocators. Enhanced reliability, security, and decentralization are key to attracting institutional ETF and structured finance inflows, positioning Ethereum favorably among large-scale investors. Macro & Equities Global markets remain cautiously optimistic. European stocks rose modestly and U.S. markets closed sharply higher at a record-high level on Friday. However, ongoing tariff negotiations ahead of the critical July 9 deadline keep traders cautious, particularly with a busy week ahead, featuring U.S. labor data and Powell's speech at the ECB forum, which could shape near-term market sentiment significantly. Institutions Institutional adoption continues to accelerate, highlighted by Metaplanet’s $108 million purchase of 1,005 Bitcoin, raising its holdings to 13,350 BTC, making it the fifth-largest corporate holder globally. This development aligns with the ongoing surge in global crypto investment products, which saw another $2.7 billion in inflows last week, the eleventh consecutive week of gains. Year-to-date inflows now stand at $17.8 billion, closely tracking the vigorous pace set in 2024, according to CoinShares. Looking Ahead Investors enter July balancing cautious optimism with macroeconomic uncertainty. Powell’s upcoming remarks, alongside key U.S. employment data, could tip the scales for market sentiment. How crypto markets navigate the next set of macro catalysts will likely set the stage for the second half of 2025. — Stella Zlatareva, Nexo Dispatch editor For informational purposes only; not financial or investment advice.

This week the macro spotlight is firmly on the U.S. labor market – both the focus of the week and the deciding factor for where interest rates may go next. What’s ahead: 🇺🇸 U.S. Chicago PMI (Jun) – June 30, 13:45 GMT 🇪🇺 ECB President Lagarde Speaks – June 30, 17:30 GMT 🇪🇺 Eurozone CPI MoM & YoY (Jun) – July 1, 09:00 GMT 🇺🇸 U.S. Fed Chair Powell Speaks – July 1, 13:30 GMT 🇺🇸 U.S. ISM Manufacturing Purchasing Managers Index (Jun) – July 1, 14:00 GMT 🇺🇸 U.S. JOLTS Job Openings (May) – July 1, 14:00 GMT 🇺🇸 U.S. ADP Nonfarm Employment Change (Jun) – July 2, 12:15 GMT 🇺🇸 U.S. Initial Jobless Claims – July 3, 12:30 GMT 🇺🇸 U.S. Nonfarm Payrolls (Jun) – July 3, 12:30 GMT 🇺🇸 U.S. Unemployment Rate (Jun) – July 3, 12:30 GMT

Turn learning into earning with a chance to win 300 NEXO Tokens. Start up our calculator and screenshot the earning curve of any asset. ▪️ React to this post ▪️ Comment the screenshot by June 29 Timeframe and amount don’t matter - choose $LTC, $DOGE, $ADA, or any other of the interest-earning assets on Nexo and see their potential. Hold enough NEXO Tokens to benefit from industry-leading rates. Terms and conditions apply.

New Futures contracts are now live on Nexo: ▪️ BANANAS31USDT up to 15x leverage ▪️ FUNUSDT up to 15x leverage