Portofino Mint - 14 July

🚀 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗣𝗼𝗿𝘁𝗼𝗳𝗶𝗻𝗼 𝗠𝗶𝗻𝘁!

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🗞️ 𝗪𝗲𝗲𝗸 𝗶𝗻 𝗥𝗲𝘃𝗶𝗲𝘄

Bitcoin broke into price discovery, pushing above $119,000 on strong ETF inflows, institutional demand, and macro tailwinds. Ethereum finally cleared the $3,000 mark, while Solana and altcoins like XRP, HBAR, and XLM posted 20%–40% gains. This breakout was supported by real capital inflows and key infrastructure growth across TradFi and DeFi.

At the same time, U.S. Congress advanced crypto legislation and TradFi institutions including S&P, BNY Mellon, and Deutsche Bank deepened blockchain integration. The narrative is clearly shifting—from speculative mania to institutional-scale adoption and tokenized finance.

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📊 𝗔𝘁 𝗮 𝗚𝗹𝗮𝗻𝗰𝗲 (𝟳-𝗗𝗮𝘆 𝗖𝗵𝗮𝗻𝗴𝗲: 𝟳–𝟭𝟰 𝗝𝘂𝗹 𝟮𝟬𝟮𝟱)  

• BTC: $119,500  (+10.2%) — Broke ATH on ETF inflows and institutional demand  

• ETH: $3,000  (+9.9%) — Treasury momentum and bullish options  

• SOL: $160     (+6.9%) — TVL rising and strong ETF performance  

• XRP: $1.98    (+26.3%) — ETF speculation and legal clarity  •

HBAR: $0.178   (+35.7%) — Altcoin rotation and ecosystem strength  

• XLM: $0.205   (+22.7%) — Institutional attention and breakout patterns  

• PENGU: $0.081   (+32.4%) — Meme ETF hype  • HYPE: $46.25   (+20.6%) — New ATH on exchange listing

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🗞️ 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹𝘀 & 𝗠𝗮𝗰𝗿𝗼

Bitcoin (BTC)  

• $1B spot ETF inflows for 2 days in a row  

• MicroStrategy and Metaplanet ramped up treasury buys  

• Exchange reserves fell to 14.5% of total supply  

• Futures basis widened; implied vols remained low

Ethereum (ETH)

• ETH finally caught a strong bid, rallying to $3,000 after weeks of range-bound price action.

• Institutional demand via ETH ETFs is rising, DeFi activity is rebounding, and options skew has tilted bullish again.

• Solana (SOL)

• SOL held firm above $160, with ecosystem address growth surpassing 3.3M and TVL continuing to climb.

• The SOL staking ETF remains one of the most successful altcoin fund products to date.

Altcoin Rotation & Memecoin Sentiment

• BTC dominance dropped to 62.4%, signaling an altseason rotation

• Memecoins like PENGU surged on ETF buzz and exchange listings

• HYPE reached a new ATH over $46, alongside 20–30% weekly gains for ADA, DOGE, XRP, HBAR, and XLM

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🏛️ Institutions & Regulation  

• GENIUS, CLARITY, and Anti-CBDC Acts under review  

• Centrifuge & S&P Dow Jones launching tokenized S&P 500  

• BNY Mellon to custody RLUSD  

• Ondo + Pantera launch $250M RWA fund (Real World Assets fund)  

• Deutsche Bank + Bitpanda partner for crypto custody  

• Robinhood building tokenized equities platform

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🗓️ Macro Events to Watch  

• Jul 15: U.S. CPI – core CPI expected +0.3% m/m  

• Jul 16: U.S. PPI – producer disinflation?  

• Jul 17: Australia labour data – could trigger RBA cut  

• Jul 18: University of Michigan sentiment – rate impact gauge

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🧠 Final Thoughts

‍Bitcoin is in “blue sky” mode, driven by ETF flows, institutional adoption, and macro alignment. Altcoins are catching tailwinds. TradFi is entering the chat. This is the beginning of the next chapter for digital assets.

Read the Mint of the last week here

𝘛𝘩𝘪𝘴 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘴 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘭𝘭𝘶𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘦𝘥 𝘸𝘪𝘵𝘩 𝘊𝘩𝘢𝘵𝘎𝘗𝘛.