Happy Friday!

Bitcoin seems like it has lost $60,000 for good, but Raoul Pal remains undeterred despite AI stocks surging: Layer-1 chains are still the trade in his opinion.

Bitcoin ETFs do not grow as quickly as 21Shares expected, but despite the current lull, BTC will rebound. That’s the prediction 21Shares made in its Mid-Year report.

Plus, the biggest moves in AI stocks this week didn't take days to develop. They happened in a single session. Chris Capre is breaking down the options flow signals, key SPY levels, and short-term setups he's watching.

Reserve your free spot now. 

TOP STORY

Bitcoin, Ethereum, Solana Remain The Trade As AI Rotation Gets Stretched, Says Raoul Pal

Bitcoin slipped below $60,000, but Real Vision CEO Raoul Pal says a "great rotation" is coming as overextended AI trades start to lose momentum.

Pal argues semiconductor stocks are trading a massive four standard deviations above their long-term trend, making lagging Layer-1 networks like Ethereum, Solana, and Sui highly attractive as global liquidity turns positive.

He remains heavily allocated to these networks, arguing that blockchain infrastructure is the natural payment and identity rail for AI agents as the next phase of the internet takes shape.

SPECIAL OFFER

This Sunday: How To Trade The AI & Semi Unwind With Chris Capre

The biggest moves in AI stocks this week didn't take days to develop. They happened in a single session. Chris Capre is breaking down the options flow signals, key SPY levels, and short-term setups he's watching as the trade finds its footing — and how to structure trades when sharp reversals in either direction are most likely.

MARKET MINUTES

Cardano is down to prices not seen since December in 2020. What has gone wrong in the last 5 years?

Bitcoin has lost $60,000 support by the looks of it and market observers are looking towards the CLARITY Act in July as catalyst for a potential reversal.

Ethereum is facing a critical funding gap if the Ethereum Foundation pulls back as it announced it would. What does it mean for ETH?

FINTECH FOCUS

21Shares: BTC Will Return To $100,000 Even If Bitcoin ETFs Are Growing Slower Than Expected

Bitcoin will recover to $100,000 by year-end despite slower-than-expected ETF growth, according to 21Shares' mid-year check-in.

While macro headwinds dragged global crypto ETF assets down 15% year-to-date to $140 billion, the firm says the market has structurally shifted from retail speculation to institutional-grade rails.

The explosive wildcard isn't ETFs, but decentralized prediction markets, which surged 10x year-over-year to $57.5 billion through May 2026.

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