Equities and Crypto Near Record Highs Amid U.S.–China Tariff Truce and Emerging Altcoin Rally

Tariff Truce Boosts Markets

• 90-Day Pause: The U.S. and China have halted tariff increases, providing relief for global trade.

• Proximity to Records: S&P 500 is 3.27% shy of its all-time high; Bitcoin is 5.33% below its peak; gold is 9.79% off its record.

U.S.–EU Begin Tariff Negotiations

The U.S. and European Union have agreed to resume talks on tariffs, digital trade, and investment—reviving discussions that had stalled and potentially lowering protectionist barriers.

Altcoins Surge $126 B in Q2

• Market Cap Growth: Non-Ethereum altcoins added $126 billion in Q2, signaling strong upside potential.

• TOTAL3 Indicators: Analyst Javon Marks noted a breakout of the TOTAL3 index versus U.S. money supply. Trader Moustache identified a bullish weekly pattern on TOTAL3 reminiscent of mid-2021, when leading altcoins outperformed Bitcoin by roughly 174% to 20%.

Binance Outflows Signal Accumulation

Binance Netflow heat maps show major withdrawals of ENJ, SLP, FET, AMP, ETH, CRV, BNT, 1INCH, GHST, GTC, YGG, LINK, ANKR, ALICE, MKR, SNX, ZRX, DODO, and OGN—classic signs that whales are moving tokens into cold storage, depleting exchange reserves and supporting future price gains.

Whale Activity—ETH and BTC Movements

• Ethereum Whales: Over 450 000 ETH have been withdrawn from exchanges by large holders in the past month.

• Bitcoin Whales: More than 30 000 BTC were sold (profit-taking) over the last 72+ hours.

Bitcoin Key Levels

• Support: $98 131

• Resistance: $116 900

Social and Tech Highlights

• Elon Musk & KEKIUS: Musk changed his Twitter avatar and handle to “Kekius Maximus,” sparking a jump in the KEKIUS token on Ethereum.

• Panama City Bitcoin Reserve: The mayor of Panama City hinted at creating a Bitcoin reserve after meeting El Salvador’s Bitcoin officials.

• Filecoin in Space: Filecoin Foundation and Lockheed Martin successfully tested IPFS for satellite data transmission.

Security and Regulation Updates

• Coinbase Breach: Hackers stole personal data of Sequoia Capital partner Roelof Botha, including phone, address, and account details.

• Fed’s Outlook: Atlanta Fed President Bostic forecasts one rate cut this year.

• LIBRA Freeze: Argentina’s court froze assets tied to the LIBRA meme coin and lifted bank secrecy for its founder after an 85% crash from a $4.5 billion peak.

• Nyan Heroes Cancelled: Solana game development halted for lack of funding; the NYAN token plunged 37.25%.

• U.S. Credit Rating: Moody’s cut the U.S. sovereign rating for the first time ever, citing unsustainable debt growth and interest costs akin to WWII-era deficits.

CONCLUSION

The combination of a tariff respite, institutional accumulation, and strong on-chain signals underpins equity and crypto markets trading near record highs. Yet ongoing security incidents, regulatory shifts, and global economic headwinds warrant careful monitoring as investors navigate this dynamic environment.