Rewritten Version:

Spot Bitcoin ETFs recorded net outflows of $526.6 million over the shortened holiday week, extending their losing streak to eight consecutive weeks.

Fed’s Williams sees policy holding steady

John Williams signaled that the Federal Reserve is unlikely to raise interest rates at its July meeting.

In a Tuesday appearance on Fox News, Williams said monetary policy is currently well-positioned. Although inflation remains elevated, he pointed to declining energy prices as a factor that should help reduce headline inflation. He also noted that the inflationary impact of tariffs is nearing its peak.

Markets showed little reaction, as expectations had already shifted away from a July hike. However, the probability of a rate increase by September still stands near 60%.

Analysts launch upbeat coverage on SpaceX

Following the end of its post-IPO quiet period, Wall Street has initiated coverage of SpaceX with broadly positive sentiment.

Goldman Sachs and Morgan Stanley, the lead underwriters, both issued buy-equivalent ratings. Goldman’s Eric Sheridan set a $205 price target, while Morgan Stanley’s Adam Jonas projected $300.

SPCX shares were flat in premarket trading at $160, remaining well above the $135 IPO price. Additional buy ratings came from Bank of America, Citigroup, Deutsche Bank, JPMorgan, Macquarie, RBC, UBS, and Wells Fargo.

Raymond James analyst Brian Gesuale provided the most optimistic outlook, assigning a strong buy rating with an $800 price target and describing SpaceX as a defining infrastructure company of the 21st century.

Samsung results disappoint despite record profit

Samsung Electronics reported Q2 2026 revenue of $113 billion, slightly below the $113.9 billion consensus estimate.

Despite posting a record operating profit of $59.1 billion—up 19-fold year-over-year due to strong demand for AI memory chips—the results failed to impress investors.

Samsung shares fell 7% on Tuesday, dragging down the broader memory sector. Micron Technology and SanDisk both dropped around 6% in premarket trading, while the Roundhill Memory ETF also declined by a similar margin.

Even so, the sector outlook remains positive, with analysts expecting chip shortages to persist through at least 2027 and DRAM prices rising more than 40% in the April–June quarter.

Options activity points to subdued HYPE movement

Trading in HYPE options on decentralized exchange Derive has increased, with some investors positioning for limited price movement below $70 in the near term.

A notable trade involving 400,000 contracts used a call condor strategy—buying the $70 call, selling the $75 and $80 calls, and buying the $85 call, all expiring July 24.

This setup delivers maximum profit if HYPE trades between $75 and $80 at expiry, indicating expectations for a stable, range-bound market.

USDT dominance eases from recent highs

Tether dominance—measuring its share of the overall crypto market—has retreated from a four-year high, a potentially bullish signal for BTC and other digital assets.

The metric has declined to 8.54% from last month’s 9.35%, which marked its highest level since late 2022.

Since USDT is widely viewed as a digital representation of the U.S. dollar, rising dominance typically reflects risk-off sentiment, while declines suggest improving risk appetite across crypto markets.

Bitcoin and ether ETFs show signs of recovery

U.S. spot Bitcoin ETFs recorded $265.69 million in inflows on Monday, the largest daily total in over a month and the second positive session in three days. Ethereum ETFs added $20.66 million, led by BlackRock’s ETHA with $23.29 million.

BlackRock’s IBIT accounted for $209.4 million of Bitcoin inflows, followed by ARKB with $32.98 million and Grayscale’s mini BTC fund with $42.25 million. GBTC was the only fund to see outflows, losing $44.45 million.

Despite the daily rebound, the weekly trend remains negative. Bitcoin ETFs still posted net outflows of $526.6 million, while Ether ETFs lost $13.7 million.

Total Bitcoin ETF assets rose to $77.32 billion from a June 30 low of $70.95 billion, supported by both price recovery and renewed investor demand. BTC was trading near $63,200 at the time.