Crypto Daily Market Report | KuCoin

🔍 Key Insights

• 📊 Market Analysis

• SK Hynix’s weaker-than-expected earnings triggered market concerns over slowing AI demand, leading to a sharp correction in the memory chip sector. SK Hynix shares fell more than 5% in U.S. trading, Micron dropped more than 12% at one point, and SanDisk declined over 14%. Meanwhile, expectations of easing tensions in the Middle East drove oil prices to record their largest three-day decline in nearly three years. U.S. Treasury yields retreated, and supported by resilient economic data and corporate earnings, capital rotated toward relatively undervalued traditional sectors. However, the technology sector correction limited broader U.S. equity gains. Apple’s stock hit an all-time high intraday, pushing its market capitalization above $5 trillion for the first time and surpassing Nvidia. After market close, reports of an Iranian attack on a U.S. military base sent WTI crude oil rebounding 4.5%, reigniting geopolitical concerns. The crypto market also remained under pressure. BTC continued its consolidation recovery after the recent decline, finding support near $62,800 before rebounding toward $63,700, but upside momentum remained limited. The market remains in a post-correction consolidation phase, with short-term movements likely characterized by a weak recovery. The key level to watch is the $64,000 resistance zone.

• BTC: $63,933.1 (+0.27%); ETH: $1,921.98 (+1.56%); NASDAQ: 24,876.91 (-0.22%); S&P 500: 7,428.78 (+0.21%); Fear & Greed Index: 29 (Previous: 29) (Data as of: 2026-07-29 00:00 UTC)

• 🧠 Market Insights

• Ethereum’s L2 ecosystem remains under pressure, with TVL falling to its lowest level since 2023, indicating weakening capital interest in traditional scaling solutions. Combined with internal governance changes within the Ethereum ecosystem and growing institutional focus on multi-chain strategies, the market is beginning to seek new infrastructure narratives. In contrast, Robinhood Chain has rapidly attracted capital attention through its Meme trading and launchpad ecosystem. Less than one month after mainnet launch, its TVL has reached $325 million, while on-chain launchpad trading volume briefly surpassed PumpSwap, demonstrating continued market appetite for new public chain narratives and high-frequency speculative demand. However, overall on-chain data shows short-term momentum cooling, with both DEX trading volume and active addresses declining, indicating that market capital remains in a rapid rotation phase. Meanwhile, CASHCAT launched letscash.fun and other launchpad initiatives, further strengthening Robinhood Chain’s Meme issuance and liquidity ecosystem. Future competition may shift from pure Meme speculation toward more comprehensive mechanisms for asset issuance, trading, and value capture.

Macro Economy

• U.S.-Iran Situation: The U.S.-Iran ceasefire was disrupted as Iran launched multiple missiles toward U.S. military bases in the Middle East. The U.S. military stated that all missiles were intercepted and that it would remain vigilant. Iran’s Deputy Foreign Minister said Iran had proposed negotiations with Oman regarding temporary shipping routes through the Strait of Hormuz but would not accept Oman’s proposal for joint management of the strait. Israeli Prime Minister Benjamin Netanyahu met with Trump, with both sides maintaining alignment on the shared goal of preventing Iran from obtaining nuclear weapons. Meanwhile, Israel and the UAE held multiple rounds of discussions on their positions toward Iran and potential coordinated actions internationally. Ukrainian President Volodymyr Zelenskyy arrived in the U.S. and is scheduled to meet with Trump.

• U.S. ADP employment change for the week ending July 11 was 15,000, compared with the previous figure of 16,500.

Industry Events

• The Central Bank of Russia released its first regulatory draft for “organized trading” of digital assets, establishing access and operational rules for crypto exchanges and digital custody providers.

• 1inch launched the shared liquidity protocol Aqua, allowing users to support multiple liquidity positions simultaneously using wallet balances, with asset transfers occurring only when trades are executed.

• Zcash activated the Ironwood upgrade, phasing out the vulnerable Orchard shielded pool.

• Morgan Stanley launched Ethereum and Solana spot ETPs as well as staking-based ETFs.

• Base Build launched Verify Onchain, using on-chain identity verification to address Sybil attacks in airdrop campaigns.

• AmericanFortress proposed a quantum-resistant wallet protection solution without requiring users to transfer funds or change addresses.

• U.S. lawmakers are pushing to include crypto assets under traditional “wash sale rules” to close tax loopholes.

• Tether signed an MoU with the Nairobi Securities Exchange to advance digital asset infrastructure and education in Africa.

• Myanmar passed an anti-online fraud law, with cryptocurrency-related scams punishable by up to life imprisonment.

Alpha Project Performance

• CASHCAT/UNI: CASHCAT announced the launch of the issuance platform letscash.fun, with part of protocol revenue allocated to token burns. The platform will be powered by Uniswap v4. Driven by this catalyst, CASHCAT rose more than 21% daily, while UNI gained over 5%.

• SOON: A previously identified security incident has completed review, confirming no impact on the protocol or user assets. Mainnet RPC services and block production have resumed. The removal of risk concerns improved market sentiment, with trading volume nearly doubling and the token gaining over 17% intraday.

• UB: Unibase recently became one of the first partners of Fabric RoboPay. The AI Agent machine-to-machine payment narrative gained traction, driving the token price up approximately 17% daily.

• ADA: Cardano announced a partnership with German data cooperative Reef Data eG to develop enterprise data auditing and financial transparency applications, contributing to a daily token gain of approximately 5%.

Weekly Outlook

• July 29: Seagate Technology and SK Hynix release earnings reports; HYPE unlocks 4.45% of circulating supply, valued at approximately $581 million.

• July 30: The U.S. releases preliminary Q2 GDP and June PCE data; the Federal Reserve FOMC announces its interest rate decision; the Fed Chair holds a monetary policy press conference; U.S. initial jobless claims for the week ending July 25 are released; Meta, Microsoft, and Robinhood release earnings reports.

• July 31: The Bank of Japan announces its interest rate decision; Apple, Amazon, and Coinbase release earnings reports.

• August 1: BEAT unlocks 6.87% of circulating supply, valued at approximately $76.0712 million; EIGEN unlocks 5.17% of circulating supply, valued at approximately $7.972 million.

• August 2: OPEC+ meeting; ZAMA unlocks 12.7% of circulating supply, valued at approximately $14.4994 million; ENA unlocks 1.16% of circulating supply, valued at approximately $9.4328 million; 2Z unlocks 3.9% of circulating supply, valued at approximately $8.3888 million.