BTCC Crypto Daily (6.30)｜Texas Declares Gold and Silver as Legal Tender, Bitcoin ETFs Log Third Consecutive Week of Net Inflows
By:C, Fiona1.Overview
- Texas has, for the first time, designated gold and silver as legal tender for daily transactions.
- Metaplanet recently acquired 1,005 Bitcoins; BlackRock has increased its Bitcoin holdings for nine consecutive weeks.
- Arbitrum (ARB) surged 18% amid rumors of cooperation with Robinhood.
- The U.S. SEC may approve the Grayscale Digital Large Cap ETF this week.
2.Macro & Policy Outlook
Key Events Today
- U.S. Chicago PMI for June to be released today; previous value: 40.5
- 2027 FOMC voting member and Atlanta Fed President Bostic to speak on the U.S. economic outlook
- Eurozone M3 Money Supply YoY for May to be published; previous value: 3.9%
Global Macro Developments
1.Trump: Interest Rates Should Be Cut to 1% or 2%
U.S. President Donald Trump stated in an interview that interest rates should be kept at 1% or 2%. At the same time, he once again criticized Fed Chairman Jerome Powell, calling him “terrible.” He added that he already has three names in mind for the next Fed Chair but refused to disclose them.
2.U.S. Senate Passes Procedural Vote on “Big and Beautiful” Tax Bill
The U.S. Senate passed a procedural vote by 51–49 to advance the large-scale tax and spending bill dubbed “Big and Beautiful” by President Trump. With this vote passed, the bill will proceed to a full reading, debate, amendment votes, and final voting, aiming to reach the president’s desk before July 4. The over-1,000-page bill focuses on extending Trump-era tax cuts for corporations and individuals, providing new deductions for tips and auto loans, increasing defense spending, and allocating more funds to combat illegal immigration.
3.Trump’s Approval Rating Hits Historic Low
According to a new Newsweek poll, President Trump’s approval rating has fallen to a historic low. The survey shows that 43% of Americans approve of his performance, while 53% disapprove, resulting in a net approval rating of –10%.
4.Texas Designates Gold and Silver as Legal Tender for Daily Transactions
Texas Governor Greg Abbott signed a bill formally recognizing gold and silver as legal tender for everyday use. Under the new law, these precious metals can be used in regular financial transactions such as shopping, bill payments, and contractual settlements. This marks the first major U.S. state-level attempt at de-dollarization. The governor stated, “Texans should have the right to transact with truly valuable currency. We are taking a crucial step to restore stability and trust in our monetary system.”
5.Bank of Korea Temporarily Halts Central Bank Digital Currency (CBDC) Project
The Bank of Korea has paused its CBDC project before the second phase of pilot testing. The decision was driven by growing complaints from participating banks and increased public and parliamentary discussions around introducing a won-based stablecoin.
Traditional Asset Correlation
- All three major U.S. stock indexes rose: S&P 500 up 0.52%, Nasdaq up 0.52%, Dow Jones up 1%.
- Spot gold rose 0.2% to close at $3,279.9 per ounce.
- WTI crude oil (USOIL) rose 0.19%, closing at $65.13 per barrel.
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(As of 12:00 HKT, June 30, 2025)
2.Futures Capital Flow Analysis
According to Coinglass data on June 30, over the past 24 hours, BTC, ETH, AAVE, HYPE, ARB, and PENGU saw the highest net inflows in contract trading, indicating potential trading opportunities.
3. Bitcoin Liquidation Map
As of June 30, based on Coinglass data and the current BTC price of $108,470.If Bitcoin falls below $107,000, the cumulative long liquidation volume across major CEXs could reach $840 million.Conversely, if Bitcoin breaks above $110,000, the cumulative short liquidation volume could reach $1.315 billion.
It is recommended to manage leverage ratios prudently to avoid triggering large-scale liquidations during market fluctuations.
4. Bitcoin Long/Short Ratio
According to Coinglass data as of 11:00 HKT, June 30, the global Bitcoin long/short ratio stands at 0.7999, with longs accounting for 44.44% and shorts 55.56%.
5. On-Chain Monitoring
- According to Ember monitoring on June 30, the Ethereum Foundation has transferred 1,000 ETH daily over the past week to another multisig wallet. The latest transfer occurred at 17:37 UTC on June 29. The receiving address has received a total of 11,000 ETH over the past month, but no further actions (such as redistribution, selling, or DeFi engagement) have been observed yet.
- According to Lookonchain, wallets 2dqEsM and E7TuGh redeemed 1 million SOL—worth approximately $139 million—nine days ago.
4.Blockchain Headlines
- BlackRock has increased its Bitcoin holdings for nine consecutive weeks, with cumulative purchases totaling approximately 107,139 BTC.
- The ETF Store President: U.S. SEC may approve the Grayscale Digital Large Cap ETF this week.
- Coinbase shares rose 43% in June, leading the S&P 500 index, driven by the stablecoin narrative.
- Bitcoin Magazine’s CEO plans to raise over $100 million to establish an organization focused on Bitcoin-related policy advocacy.
- Metaplanet purchased an additional 1,005 BTC, worth approximately $108.1 million, at an average price of $107,500.
- Former MicroStrategy CEO hinted at Bitcoin purchases for the 11th consecutive week; the firm’s BTC holdings are now over $21.8 billion in unrealized gains.
- Analyst Jordi Visser: Young people are increasingly disillusioned with capitalism, fueling Bitcoin’s long-term upward momentum.
- Robinhood co-founder announced major updates to its crypto business will be revealed today.
- Spanish coffee chain Vanadi Coffee added 20 BTC to its treasury.
- Arbitrum (ARB) surged 18% on rumors of a collaboration with Robinhood.
- Bitcoin spot ETFs saw a net inflow of $2.22 billion last week—marking the third consecutive week of net inflows.
- Optimism (OP) unlocked approximately 31.34 million tokens, representing 0.67% of the circulating supply.
5.Institutional Insights · Daily Picks
- Goldman Sachs: The Fed’s pivot is increasingly evident; the path to rate cuts is opening up.
- Newsquawk: Regardless of the NFP report outcome, Trump is likely to use it as justification to push for rate cuts.
- 10x Research: Despite the strong uptrend in Coinbase stock, its valuation remains overextended.
- ARK Invest: New U.S. mortgage rules may “significantly” boost the crypto market.
6.BTCC Exclusive Market Analysis
On June 30, Bitcoin continued its consolidation trend, trading above $108,000. It is currently quoted at $108,388, up around 0.10% on the day. From the 4-hour chart, BTC remains above short-term moving averages and the middle Bollinger Band, indicating that bullish momentum is still present.
The Bollinger Bands are showing a slight opening, and short-term MAs are aligned in a bullish pattern, suggesting a healthy market structure. Meanwhile, momentum indicators remain in positive territory. Despite increased volatility, capital inflows continue to dominate.
Overall, BTC is currently testing the key resistance level of $109,000. If accompanied by rising volume and a successful breakout, the next target could be the $110,000 area. On the downside, watch for support around $106,400 and $105,000. A successful retest of these levels would help maintain the current bullish structure. Investors should continue monitoring key price levels and volume trends to determine whether the momentum will persist.
Risk Disclaimer: The above content is for reference only and does not constitute any investment advice or trading guidance. Markets involve risk. Please trade cautiously and ensure you implement appropriate risk management.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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