🇺🇸 Big news on July 27th?

Sponsor Our Newsletter | Trade Crypto

Good Morning!

Crypto continued it’s upwards trajectory over the weekend, with a spike in volatility as Biden dropped out. It looks like the volatility will continue into this week, with ETH ETFs going live on Tuesday and Trump to speak at a Bitcoin event on July 27th.

Let’s jump in. 👇️ 

Steal our best value stock ideas.

PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.

Are they undervalued? Can they turn around? What’s next? You don’t have time to track every stock, but should you be forced to miss all the best opportunities?

That’s why we scour hundreds of value stock ideas for you. Whenever we find something interesting, we send it straight to your inbox.

Subscribe free to Value Investor Daily with one click so you never miss out on our research again.

Markets

Bitcoin Traders Brace For Trump's Nashville Bitcoin Conference Speech (3 minute read)
Donald Trump is speaking at the Nashville Bitcoin conference, and traders are gearing up for some serious action in the crypto market. His scheduled appearance on July 27, despite a recent assassination attempt, has the whole market watching.

Options market activity on Deribit shows a spike in the "butterfly index," indicating heightened volatility for out-of-the-money options. Traders are bracing for significant price swings.

As long as Trump remains a front-runner for the November 4 Presidential elections, his speech at the conference is seen as a catalyst for potential market shifts. There's even speculation that Trump might declare Bitcoin a strategic reserve asset, which could send its price skyrocketing.

Our Take: If this were really to happen, it would send the market parabolic as other countries would also look to follow the US in fear of being left behind. However, we haven’t seen any real credible source to this rumour.

Other factors, like the anticipated debut of spot ether ETFs in the U.S., are also contributing to the increased volatility in the market.

Trump Meme Coins Rise as Biden Bows Out of 2024 US Presidential Race (2 minute read)
Meme coins linked to Donald Trump saw a significant boost on Sunday after President Joe Biden announced he would not seek re-election this year.

Solana Trump meme coins, Tremp and DJT, jumping 10.5% and 6.5%, respectively. Meanwhile, MAGA on ETH surged over 7%.

On the flip side, Solana’s BODEN, inspired by Biden, plummeted 58%, reaching an all-time low as traders rushed to sell off their holdings. Boden, which was originally supposed to be making fun of Biden, hit all time highs of $1 earlier in the year, and now sits below $0.01.

Bitcoin rebounds above $68,000 as US ETFs continue positive streak (2 minute read)
Bitcoin jumped past $68,000 during Sunday night trading, continuing its push to all time highs. However, it pulled back slightly on Monday morning. Over the past day, the broader cryptocurrency market also saw a 0.89% increase. Solana stood out with notable gains of 4.73%, reaching local highs of $182.12. Solana has showed relative strength vs other coins throughout much of this bull market and has continued to do so, despite people calling a SOL/ETH top weeks ago.

Misc

$630,000 buy briefly brings Popcat over $1 billion FDV to win Polymarket bet (2 minute read)
Popcat has made history as the first cat-themed memecoin to surpass $1 billion market cap. This milestone was reached after X user Wiftardio made a nearly $630,000 purchase, pushing the coin over the top.

Wiftardio's wallet holds nearly $19 million in various memecoins, including $7.7 million in dogwifhat, $2 million in Billy, and now $5 million in Popcat.

This significant buy also resolved a Polymarket bet about which cat-themed memecoin would be the first to hit the $1 billion FDV mark. However, Popcat has since dipped below that threshold, currently trading in the low-to-mid $900 million range. Some Polymarket commenters criticized the large purchase as market manipulation.

Metaplanet shares up 20% as company buys another 20 BTC (2 minute read)
Metaplanet’s shares skyrocketed over 20% on the Tokyo Stock Exchange following the company’s latest Bitcoin acquisition. The Japanese investment firm spent over $1.2 million to buy more Bitcoin, reinforcing its long-term holding strategy amid Japan's economic pressures.

As news of the purchase broke, Metaplanet’s shares surged to $1.1. This move follows the firm's recent $6.2 million Bitcoin investment through EVO FUND.

This latest acquisition comes just a week after Metaplanet added 21.8 BTC to its holdings, aiming to protect the firm from Japan's economic challenges, such as high government debt, prolonged negative real interest rates, and a weak yen.

Our Recommendations:

💻️ MEXC - Where we find and trade new coins with low fees
📈 TradingView - Software we use to chart Crypto.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in the wider investing world. Check out our flagship publication.