Trump Postpones Tariffs Until August 1
US President Donald Trump announced that the new rates would go into effect on August 1 after the 90-day tariff period, which was previously announced to end on July 9. However, the use of contradictory statements in the statements caused confusion in the market and among international trading partners. Trump announced that agreements had been made with some countries and that “tariff letters” would be sent to the rest this week. Commerce Secretary Howard Lutnick stated that the tariffs would definitely be implemented on August 1.
Trump also announced that an additional 10% tariff would be applied to countries cooperating with the BRICS countries. Asian stock markets fell after these statements; Japan’s Nikkei index lost 0.3% and South Korean stocks lost 0.7%. US Treasury Secretary Scott Bessent said that trade agreements with many countries would be announced soon, and added that Trump would send warning letters to about a hundred small trading partner countries. The new tariffs have raised concerns about global trade balances and inflation risks.
UAE Rejects TON’s Golden Visa Promises
TON Foundation announced that it offers investors the opportunity to receive a 10-year “Golden Visa” from the United Arab Emirates in exchange for $100,000 in TON stakes and a $35,000 transaction fee. The partner company Peravel claimed that this process does not require traditional criteria such as education, profession or real estate investment. The program promises visa approval in just a few weeks in return for investment, while Binance founder CZ stated that they could apply a similar model for BNB if the program is official. Following the announcement, the price of Toncoin rose by over 5%.
However, the UAE government officially denied these claims. In a statement made through state agency Emirates News Agency (WAM), it was emphasized that digital asset investments are not related to the Golden Visa application process and that such investments are subject to separate regulations. While there has been no official backtracking from the TON Foundation, this clear statement from the UAE authorities shows that the sensitivity regarding state-backed projects in the crypto sector continues.
Satoshi-era BTCs Moved
A total of 80,000 BTC (approximately $8.5 billion) was moved from eight Bitcoin wallets that have been dormant since 2011 to new SegWit addresses on Friday. This massive movement occurred after a 10,000 BCH (approximately $5 million) transfer from a Bitcoin Cash (BCH) address connected to the same wallet group, noticed by Coinbase executive Conor Grogan. Grogan stated that this transaction could be a silent testing of private keys because BCH transactions are not as tightly monitored as BTC.
This situation may indicate that an actor only has limited access or a possible private key leak. None of the wallets have yet sent BTC to exchanges, suggesting that the process is being carried out carefully and in a way that minimizes market impact. On the other hand, this movement has also brought up more unusual theories such as quantum computing, as addresses in the old P2PK format could theoretically become vulnerable to quantum attacks by leaking public keys after the initial transfer.
Türkiye Blocks Access to PancakeSwap and 45 Crypto Sites
Turkey has tightened its controls on unauthorized digital asset services, blocking access to 47 cryptocurrency sites, including PancakeSwap. The Capital Markets Board (SPK) announced in a bulletin dated July 3 that it had initiated legal action, stating that the sites were providing services to Turkish citizens without SPK approval.
With the regulatory changes in March, the SPK gained full authority to supervise and authorize crypto service providers. This step is considered part of a strategy to control the market in the country where crypto usage is increasing.
Elon Musk’s America Party Adopts Bitcoin
Elon Musk announced that his newly founded America Party will adopt Bitcoin (BTC) as its official currency. In response to a question on the X platform, Musk described traditional fiat currencies as “hopeless.” This statement came after Musk’s disagreement with Donald Trump over the “big beautiful bill” bill. Musk, who withdrew his support for Trump due to its economic impact, founded the America Party as an alternative political platform.
Musk’s cryptocurrency support is not the first; his previous posts, especially for Dogecoin (DOGE), caused serious price movements in crypto markets. The move to turn Bitcoin into a political party policy could have a major impact both in the US election process and in global financial circles.
Russian Defense Giant Rostec Launches TRON-Based Ruble Stablecoin
Russia-based defense and technology holding company Rostec announced that it will launch its stablecoin RUBx, which is one-to-one indexed to the ruble, on the TRON infrastructure. The company plans to launch this token in 2024, along with the RT-Pay payment network, which will enable digital ruble transfers within the legal framework. The smart contract codes will be published on GitHub, and CertiK will conduct the audit. It was emphasized that the stablecoin is fully compliant with the Central Bank’s guidelines and anti-money laundering laws.
Rostec’s move is a continuation of the Russian state-affiliated institutions’ focus on digital asset infrastructures. Previously, Sberbank sold ruble-based bonds indexed to Bitcoin performance. The RUBx project, on the other hand, aims to promote crypto usage in accordance with national regulations by focusing on direct payment systems. The company stated that it will keep one-to-one rubles as reserves, but has not yet shared details about the issuance limit or reserve management.
Sweden Calls for Tough Intervention in Crypto Assets
Swedish Justice Minister Gunnar Strömmer called on the police, tax office and enforcement agencies to more strictly seize assets, including cryptocurrencies, by pointing to the law that went into effect in 2024. The law allows luxury items, cash and digital assets that do not match people’s income to be seized even if there is no direct connection to a crime. Strömmer stated that especially high crypto incomes and real estate should be targeted.
Although it is stated that approximately $ 8.3 million in criminal income has been seized with the law to date, it is not clear how much of this amount comes from cryptocurrencies. On the other hand, in April, Swedish MP Rickard Nordin, inspired by the US example, suggested that the state keep the confiscated Bitcoins as reserves instead of selling them. This suggestion is considered a signal of a new era in Sweden’s approach to cryptocurrencies.
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BITCOIN (BTC)
BTC is trading at $ 109,052 as of the morning hours with a 0.14% loss in value. After breaking the trend line downward, BTC, which gained support at 107,827 levels, started the new day above the trend line. If the pullbacks continue, 108,580 and then 107,827 levels are important support positions. Further below, 105,984 levels can be met as the next support.
In a possible positive trend, the $ 110,507 resistance will become the first target, while if the upward movement continues, the $ 111,924 level may come to the fore.
ETHEREUM(ETH)
ETH is priced at $ 2,564 as of the morning hours with a 0.25% loss in value. After retreating to $ 2,475 over the weekend, it tested the $ 2,590 level with a positive movement. If the retreat continues for ETH, which was rejected at this level, it can be expected that the $ 2,500 and then $ 2466 levels will work as support.
For a possible positive trend, if it first breaks the $ 2,590 level and maintains its persistence above it, $ 2,730 levels can be targeted.
RIPPLE(XRP)
XRP is priced at $ 2.2660 as of the morning hours with a 0.38% loss in value. After the rise over the weekend, XRP, which has been moving exactly above the support level with minor pullbacks, can be expected to test the 2.2122 support level if this level breaks downward. There is a support position at 2.1709 further below.
In case of a possible positive trend, the 2.30-2.3380 region can be expected to work as resistance. Above, the next resistance level, 2.3944, is protected as resistance.
AVALANCHE(AVAX)
AVAX is trading at $ 18.28 as of the morning hours with a 0.05% loss in value. The price is trading very close to the descending trend line and this area is of critical importance in terms of breaking.
Although the persistence above the $ 18.09 level is remarkable, the descending trend line has not yet been clearly overcome. In case of an upward break of this trend, the first target may be the $ 19.86 resistance. In particular, the $19.86 – $21.52 range stands out as the area where intense selling pressure has come in the past.
In the downside scenario, the $17.61 support level can be viewed as the first strong defense line. Below this level, the $ 16.44 and $ 15.60 areas should be followed as support.
SOLANA(SOL)
SOL is traded at $ 151.73 levels with a 0.09% loss in value as of the morning hours. While the price continues to stay above the $ 149.10 support, it continues to be squeezed by the descending trend line above.
The $ 157.75 level draws attention as the critical resistance zone. A break above this level could confirm the breakdown of the downtrend and open up the potential for an increase up to the $164.12 resistance.
On the other hand, the $149.10 and $141.80 levels stand out as important support areas in case of a possible pullback. If it closes below $ 141.80, there may be a risk that the price will head back to the green support area.
