TL;DR

Dormant 2011 BTC wallets moved $8.7B; Bitcoin ETFs rebounded; Robinhood, Ondo push tokenized stocks.

Highlights

• Dormant 2011 Bitcoin wallets moved 80,009 BTC ($8.7B) in record on-chain transfers; no exchange deposits detected.15
• Bitcoin ETFs saw a $342M outflow before rebounding with $770M net inflows; Ether ETFs ended positive with $219M inflow.2
• Ethereum whale James Fickel moved 80,000 ETH (~$204M) to Coinbase Prime; no immediate sale observed.3
• Bitcoin traded above $109,000 on July 4, nearly doubling YoY; 26,700 new BTC millionaires created post-halving.417
• Satoshi-era miners and long-term holders increased BTC reserves; miner sales remain at multi-year lows.5
• Ondo Finance agreed to acquire SEC-regulated Oasis Pro to enable tokenized U.S. equities on-chain.6
• Robinhood launched 213 tokenized stocks/ETFs on Arbitrum for EU users, challenging traditional exchanges.7
• Hyperliquid processed $1.57T in on-chain perps volume over 12 months; Aave now holds 5% of all stablecoins.8
• U.S. Secret Service launched a global operation targeting crypto scams and illicit funds.9
• Bonk captured 25% of Solana launchpad market, taking 40% of PumpFun’s revenue; Solana hit new quarterly high in BTC trading volume.1016
• Ripple’s $RLUSD stablecoin added support from Swiss AMINA Bank and BitMEX; Mercado Bitcoin to tokenize $200M RWAs on XRPL.11
• World Liberty Finance (Trump-backed) opened a vote to list $WLFI token and plans USD1 stablecoin audit; USD1 trading exceeds $1B daily.1220

Commentary

Large-scale on-chain movements and institutional flows dominated the week. The transfer of 80,009 BTC from dormant 2011 wallets, while record-setting, has not led to exchange inflows, minimizing immediate market impact15. Meanwhile, miners and long-term holders continue to accumulate, reinforcing a tightening BTC supply narrative as the asset trades above $109,000 and post-halving wealth concentration increases4517.

ETF flows remain a key sentiment barometer: after a brief outflow, Bitcoin ETFs saw strong net inflows, while Ether ETFs ended the week positive despite mixed daily flows2. Ethereum’s network also attracted $10B in new liquidity, and a major whale moved $204M in ETH to Coinbase Prime, though with no immediate selling, suggesting ongoing positioning rather than capitulation23.

Tokenization and DeFi infrastructure saw significant developments. Ondo Finance’s acquisition of Oasis Pro6 and Robinhood ’s launch of tokenized stocks on Arbitrum7 signal growing competition to bring traditional assets on-chain. Hyperliquid’s dominance in on-chain perps and Aave’s stablecoin share highlight the shift toward permissionless platforms8, while Solana ’s surge in launchpad and BTC trading activity underscores its expanding DeFi footprint1016.

Regulatory and enforcement actions remain in focus. The U.S. Secret Service’s global anti-scam initiative9 and World Liberty’s governance moves1220 reflect the sector’s evolving compliance landscape. Ripple’s $RLUSD stablecoin gained new institutional support, and tokenization of real-world assets on XRPL continues to grow, further diversifying the stablecoin and RWA market11.

Traders should monitor dormant coin activity, ETF flows, and tokenized asset launches for signs of shifting sentiment or liquidity. Regulatory and enforcement updates remain key risks for both centralized and DeFi venues.