Week 2 of July 2026 Statistical Period: July 8, 2026 – July 14, 2026 Data Cutoff: July 14, 2026 Core Narrative Over the past week, the crypto market experienced a dramatic reversal, shifting from aWeek 2 of July 2026 Statistical Period: July 8, 2026 – July 14, 2026 Data Cutoff: July 14, 2026 Core Narrative Over the past week, the crypto market experienced a dramatic reversal, shifting from a
MEXC Alpha Trader Research Weekly | ETF Outflows End After 8 Weeks, but a $425M Sell-Off Raises the Question: Who Is Driving BTC?
Week 2 of July 2026
Statistical Period: July 8, 2026 – July 14, 2026
Data Cutoff: July 14, 2026
Core Narrative
Over the past week, the crypto market experienced a dramatic reversal, shifting from a post-NFP rebound to a geopolitical shock. At the start of the week, Bitcoin traded around $63,000 and briefly broke above $64,000. However, as the U.S.-Iran conflict escalated sharply over the weekend and Trump adopted a tougher stance, Bitcoin reversed lower, falling below $62,000 and giving back most of its weekly gains.
Geopolitics became the biggest variable this week. On July 13, U.S. President Donald Trump said in an interview with Fox News that the United States would "take control" of the Strait of Hormuz and was prepared to "hit Iran very hard". The remarks sharply escalated tensions between the U.S. and Iran. Although the earlier attack in the Gulf of Oman had already heightened tensions, markets still expected the ceasefire agreement to hold. Trump's hardline comments shattered those expectations, sending global risk assets lower and pushing Bitcoin down sharply from above $64,000 to around $61,000.
At the same time, monetary policy uncertainty intensified further. Fed Governor Christopher Waller clearly outlined the conditions that could trigger a rate hike on Monday, saying that if this week's core inflation data "runs hot again", the FOMC would need to consider tightening monetary policy in the near term. The remarks quickly reshaped market pricing. The probability of a July rate hike implied by money markets surged from below 10% to around 50%, while the 2-year U.S. Treasury yield touched 4.28%. Minutes from the Fed's June meeting, released on July 8, also showed that "a few participants believed there was already a case for raising the target range for the policy rate at this meeting", although they ultimately supported keeping rates unchanged.
ETF flows showed sharp divergence. Last week, through July 10, U.S. Spot Bitcoin ETFs ended an eight-week outflow streak and recorded approximately $197 million in net inflows. The market interpreted this as a sign that institutional capital was cautiously returning. However, July 13 alone saw net outflows of $425 million, with Fidelity's FBTC losing $246 million and BlackRock's IBIT losing $186 million. This reversal shows that the sustainability of ETF inflows remains highly fragile and is extremely sensitive to shifts in geopolitical risk and macro expectations.
On the macro liquidity front, the stablecoin market continued to contract. Data showed that the total market capitalization of U.S. dollar stablecoins had fallen by around $10 billion from its peak to approximately $300 billion. USDT declined from about $189.8 billion to $184.1 billion, while USDC fell from around $79.6 billion to $73.0 billion. Large amounts of capital are moving out of the crypto market and into the better-performing U.S. stock market this year. This means that although ETF flows have shown marginal improvement, the crypto market's overall "dry powder" is still shrinking, leaving the rebound without sufficient liquidity support.
Altcoins diverged from Bitcoin. Most altcoins failed to keep pace with Bitcoin's rebound this week and fell more sharply when BTC pulled back. Ethereum retreated from above $1,800 to around $1,775, while major altcoins such as Solana and XRP recorded even steeper declines. Bitcoin dominance therefore climbed further, reflecting a defensive shift in capital from altcoins toward Bitcoin.
Overall, the market faced triple pressure this week from geopolitical shocks, monetary policy uncertainty, and volatile ETF flows. Bitcoin lost the $63,000 level after briefly reclaiming it, while support at $60,000 came under renewed pressure. The rebound window created by the nonfarm payrolls data was interrupted by a geopolitical storm, pushing the market from "expecting a reversal" back into a "defensive stance".
I. Key Developments in the Crypto Market
1. Institutional Capital: ETFs End Eight-Week Outflow Streak, Yet Single-Day Reversal Highlights Fragility
Bitcoin Spot ETF: Last week, through July 10, U.S. Spot Bitcoin ETFs ended an eight-week outflow streak and recorded approximately $197 million in net inflows. BlackRock's IBIT attracted $291.9 million over the week, offsetting outflows from Grayscale, ARK 21Shares, and Fidelity products. This marked the first week of net inflows since May and was viewed as a sign that institutional capital was cautiously returning.
However, the reversal signal was quickly disrupted. On July 13, U.S. Spot Bitcoin ETFs saw a sharp turnaround, with single-day net outflows reaching $425 million. Fidelity's FBTC led with $246 million in net redemptions, followed by BlackRock's IBIT with $186 million in outflows, while Grayscale's GBTC recorded $53.1 million in outflows. In contrast, VanEck's HODL attracted $6.1 million in inflows, while the Grayscale Bitcoin Mini Trust received $53.4 million in new capital.
The simultaneous occurrence of an "end to eight weeks of outflows" and a "sharp single-day outflow" reveals a key point: A sustained reversal in ETF flows has not yet been confirmed. Shifts in geopolitical risks and macro expectations are making institutional allocation decisions increasingly volatile.
Altcoin ETFs also showed diverging flows. XRP ETFs recorded $7.18 million in net inflows, Solana ETFs attracted approximately $0.93 million, and Hyperliquid ETFs saw $10.36 million in net inflows. Institutional interest in crypto assets beyond Bitcoin is expanding at the margin, but the overall scale remains limited.
2. Price Performance: BTC Rallies Then Retraces; Geopolitical Factors Dampen Rebound Momentum
Jul 8: The Fed's June meeting minutes were released. The minutes showed that "a few participants believed there was already a case for raising rates at this meeting", although they ultimately supported keeping rates unchanged. The market interpreted the minutes as a hawkish signal, with Bitcoin trading within the $62,000-$63,000 range.
Jul 9-10: Markets remained cautious ahead of the CPI release, with Bitcoin consolidating around $63,000. The PPI data came in line with expectations and did not trigger significant market volatility.
Jul 11-12: Geopolitical risks began to build. Bitcoin traded within the $63,000-$64,000 range, attempting to break above previous highs, but lacked sufficient volume support.
Jul 13: A key turning point. Trump said in a Fox News interview that the U.S. would "take control" of the Strait of Hormuz and was prepared to "hit Iran very hard". Following the remarks, Bitcoin plunged from above $64,000 to around $61,000, before rebounding slightly to approximately $62,300, down about 3.5% on the day. On the same day, U.S. Spot Bitcoin ETFs recorded $425 million in net outflows, with the double hit sending market sentiment sharply lower.
Jul 14: The U.S. June CPI data was released. Core CPI was expected to rise around 0.2% month over month, while headline CPI was expected to record its first monthly decline since the pandemic period (around -0.2%), mainly driven by lower gasoline prices. Before and after the data release, Bitcoin remained range-bound around $62,500. At the time of writing, Bitcoin was trading at approximately $62,500.
Key Takeaways: The rebound window created by the nonfarm payrolls data has been interrupted by the geopolitical storm. The market has shifted from "expecting a reversal" back to a "defensive stance". The short-term direction will depend on three key variables: whether the U.S.-Iran conflict escalates further, the signals delivered at the July FOMC meeting, and whether ETF outflows continue.
Asset | Weekly Change | Price Range |
Bitcoin | Approx. -1% ~ +1.5% | 61,000 – 64,300 USD |
Ethereum | Approx. -2% ~ +3% | 1,600 – 1,800 USD |
Solana | Approx. -3% ~ +2% | 72 – 80 USD |
XRP | Approx. -1% ~ +3% | 1.04 – 1.12 USD |
Total Market Cap | Approx. +3% ~ +5% | 2.00 – 2.15 Trillion USD |
Data source: MEXC, CoinMarketCap, CoinGecko
Technical Outlook: BTC followed a "rise then fall" pattern this week. It consolidated around $63,000 at the start of the week and briefly broke above $64,000, but then dropped sharply toward $61,000 following Trump's hardline remarks. A long upper wick appeared on the daily chart, indicating heavy selling pressure at higher levels. CME Bitcoin Futures open interest remained subdued, reflecting cautious market sentiment. Analysts noted that BTC may be forming a "triple bottom" above $60,000, but further escalation of geopolitical tensions could put the $60,000 level under renewed pressure.
3. Stablecoins: Total Market Cap Dips Below $310B as Liquidity Tightens
As of the week ending July 14, the total stablecoin market capitalization fell below $310 billion, down approximately $10 billion from its previous peak. A significant amount of capital flowed out of the crypto market and into the U.S. stock market, which has shown stronger wealth effects this year.
Among major stablecoins: USDT's market capitalization stood at approximately $184.1 billion, down around $5.7 billion from its previous peak of about $189.8 billion. USDC's market capitalization was approximately $73.0 billion, down around $6.6 billion from its previous peak of about $79.6 billion, making it the largest contributor to this round of outflows among major stablecoins. Circle, the issuer of USDC, also saw its stock price fall from around $136 to approximately $64, as market expectations for its growth outlook cooled significantly.
Three Key Implications of Tightening Stablecoin Liquidity:
- "Dry powder" remains limited: Stablecoin reserves on exchanges continued to decline, leaving the market with limited capital available for buying.
- Capital shifted toward U.S. stocks: The contraction in stablecoin market capitalization contrasted sharply with the strong performance of U.S. stocks this year, leaving the crypto market at a disadvantage in the competition for the "wealth effect".
- Structural risk: Although the total stablecoin market capitalization stood at around $310 billion, stablecoins rely heavily on U.S. Treasury bills to maintain their value. Large-scale concentrated redemptions could therefore trigger spillover effects in the Treasury market. Research by the Bank for International Settlements showed that $30 billion in distressed Treasury sales could move Treasury yields by 6.4 bps.
II. Global Asset Performance
1. Equity Markets: Earnings Season Begins as Tech Stocks Face Pressure
Major U.S. stock indexes: U.S. stocks showed mixed performance this week. The Dow Jones Industrial Average remained resilient, supported by value and banking stocks, while the Nasdaq Composite came under pressure from profit-taking in technology shares. On Tuesday, JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Citigroup reported their second-quarter results, marking the start of the Q2 earnings season.
AI and crypto performance: AI-related stocks remained broadly stable this week, with leaders such as NVIDIA supported by earnings expectations. Bitcoin, however, fell sharply over the weekend following Trump's hardline remarks, causing the two markets to diverge once again. BTC had briefly attempted to decouple from the AI trading narrative after the June nonfarm payrolls report, but the geopolitical shock brought both back onto the same risk-asset trajectory.
SpaceX Inclusion in Nasdaq 100 Gains Momentum: Following SPCX's inclusion in the Nasdaq-100 Index, a passive buying window opened, with JPMorgan estimating approximately $4.3 billion in incremental inflows. On MEXC, the SPCXUSDT perpetual Futures contract remains one of the most actively traded U.S. stock Futures products by volume.
Index | Weekly Change | Key Drivers | On-Chain Mapping |
Nasdaq Composite Index | Approx. -0.5% | Tech stocks rebounded, led by gains in the chip sector | |
S&P 500 Index | Approx. -0.1% | Positive nonfarm payrolls data boosted risk appetite | |
Dow Jones Industrial Average | Approx. +0.2% | Value stocks provided support; index broke above 53,000 points for the first time |
2. Commodities: U.S.-Iran Conflict Escalates Sharply, Oil Prices Surge Over 13% in a Week
The primary variable in this week's commodities market was the sharp escalation of tensions between the U.S. and Iran. Driven by these geopolitical pressures, oil prices staged a significant rebound.
Crude Oil: Tensions continued to deteriorate after the U.S. military struck Iran on July 7. Iran launched a large-scale retaliatory attack on U.S. military bases on July 9, while tanker traffic through the Strait of Hormuz largely came to a halt. Iran formally announced the closure of the strait on July 12, and on July 13, Trump notified Congress that "hostilities with Iran had resumed". Against this backdrop, WTI crude surged from $70.44 per barrel on July 8 to above $80 per barrel on July 14, gaining approximately 13.99% over the week. Brent crude also climbed above $87 per barrel. Market concerns centered on the combination of disrupted traffic through the Strait of Hormuz and OECD oil inventories falling to their lowest level since 2003, significantly amplifying price sensitivity.
Gold: Gold traded between inflation-hedging demand and pressure from rate-hike expectations this week. On July 14, U.S. June CPI fell 0.4% month over month, far exceeding expectations, briefly pushing gold above $4,020. However, prices later retreated after Fed Chair Warsh delivered a hawkish message, emphasizing "zero tolerance for persistently high inflation". As of July 14, Spot gold was trading at approximately $4,010-$4,020 per ounce. The weekly trading range was around $3,980-$4,060 per ounce, with the overall price center edging slightly lower.
Silver: Silver underperformed gold this week. No. 1 silver in China's physical commodity market fell from RMB 14,590 per kilogram on July 8 to RMB 13,871 per kilogram on July 14, a weekly decline of approximately 5.51%. Domestic 999 silver Spot prices also weakened, falling from RMB 13.09 per gram on July 8 to RMB 12.44 per gram on July 14, down around 6.47% for the week. Silver's industrial metal characteristics left it under greater pressure in an environment of surging oil prices and rising inflation expectations, but an uncertain demand outlook.
Product | Weekly Performance | Key Events | On-Chain Mapping |
WTI Crude Oil | $70 - $80+ /barrel | Strait of Hormuz closure; resurgence of geopolitical conflict | |
Brent Crude Oil | $73 - $87+ /barrel | Iran blocks strait; inventories hit lowest level since 2003 | |
Gold | $3,980 - $4,060 /oz | CPI boost proves short-lived as Warsh's hawkish remarks weigh on gold | |
Silver | $61.50 - $64.0 /oz | Industrial attributes dragged on performance; trend weaker than Gold |
3. Bond Market: Geopolitical Tensions Boost Rate Hike Expectations, Long-Term Yields Rebound to Highs
The core narrative in the bond market reversed this week. Surging oil prices reignited inflation expectations, pushing U.S. Treasury yields higher across all maturities.
U.S. Treasury Market: On July 8, escalating tensions between the U.S. and Iran and a sharp rise in oil prices pushed the 10-year U.S. Treasury yield up to 4.577%. The 2-year yield rose to around 4.215%, while the 30-year yield broke above 5% to approximately 5.074%. Yields subsequently remained elevated as rate-hike expectations intensified. Minutes from the Fed's June meeting showed that many officials believed a rate increase might be needed later this year, while the inflationary pass-through from persistently higher oil prices kept the 10-year U.S. Treasury yield above 4.50%.
CPI reverses rate-hike expectations: The U.S. June CPI report released on July 14 became the key turning point for the bond market this week. Headline CPI rose 3.5% year over year, below the 3.8% forecast, while falling 0.4% month over month, marking the first monthly decline since 2020. Following the release, the 2-year U.S. Treasury yield briefly dropped 14 bps to 4.14%, its largest single-day decline since February. Interest rate swaps showed that the implied probability of a Fed rate hike in July fell from above 40% to around 20%.
Yield curve: As rate-hike expectations eased, short-term yields fell notably and the spread between the 2-year and 10-year U.S. Treasury yields widened. As of July 14, the 2-year yield stood at approximately 4.14%, while the 10-year yield was around 4.50%. The curve continued to steepen, with long-term inflation expectations and the term premium remaining the main forces keeping longer-term yields elevated.
U.S. Dollar Index: The U.S. Dollar Index was supported this week by both geopolitical safe-haven demand and expectations of higher interest rates, briefly reaching a seven-day high near 101.30. Following the CPI release, the index edged lower to approximately 101.19, but remained elevated overall. The U.S.-Japan yield spread stayed near a historically high 170 bps, providing structural support for the dollar.
MEXC has listed tokenized U.S. Treasury products TLTON/USDT (pegged to the TLT ETF), offering users a streamlined avenue to trade long-term U.S. Treasury yield expectations. Simultaneously, international ETF token trading pairs—including EEMON/USDT, EFAON/USDT, and INDAON/USDT—have also been launched.
III. In-Depth Analysis of Key Topics
Topic 1: ETF "false reversal": Eight-week outflow streak ends, followed by over $400M in single-day outflows
This week, ETF fund flows exhibited two major divergent signals:
Signal 1 (bullish): Last week, through July 10, U.S. Spot Bitcoin ETFs recorded approximately $197 million in net inflows, ending an eight-week outflow streak. BlackRock's IBIT led the inflows, attracting $291.9 million over the week.
Signal 2 (bearish): On July 13, U.S. Spot Bitcoin ETFs recorded $425 million in net outflows in a single day. Fidelity's FBTC saw $246 million in outflows, while BlackRock's IBIT lost $186 million. On the same day, the Grayscale Bitcoin Mini Trust attracted $53.4 million in inflows, while VanEck's HODL received $6.1 million, indicating that capital is shifting from higher-fee products to lower-fee alternatives.
How should we interpret this apparent contradiction?
- Geopolitical tensions as the immediate catalyst: Trump's hardline statement on July 13 that the U.S. would "take control" of the Strait of Hormuz, combined with Fed Governor Waller outlining conditions for a rate hike on the same day, delivered a double blow to markets. Risk appetite deteriorated sharply, prompting institutional investors to step to the sidelines temporarily.
- The fragility of ETF flows confirmed: The first positive week after eight consecutive weeks of outflows does not confirm a trend reversal. As long as macroeconomic and geopolitical factors continue to create disruption, ETF flows are likely to remain highly volatile.
- Structural rebalancing is ongoing: Capital is shifting from higher-fee products, such as GBTC, FBTC, and IBIT, toward lower-fee alternatives, including the Grayscale Bitcoin Mini Trust and HODL. This suggests that investors are not exiting the market entirely, but reallocating their exposure to optimize costs.
Trade Insight: ETF inflows since the beginning of July have provided short-term support for BTC, but the $425 million single-day outflow highlights how fragile that support remains. Until the U.S.-Iran situation becomes clearer, long positions above $63,000 should be approached with caution. Geopolitical developments are less predictable than CPI data and can reverse market direction within hours.
Topic 2: U.S.-Iran Conflict: The Underestimated Tail Risk Is Materializing
The most significant development this week was the sudden escalation of the U.S.-Iran conflict. In a Fox News interview on July 13, Trump said the U.S. would "take control" of the Strait of Hormuz and was prepared to "hit Iran very hard". He also announced plans to impose a 20% fee on goods passing through the strait.
Transmission Mechanism of the Escalation:
Trump's hardline remarks → Expectations of a deeper U.S.-Iran conflict → Sharp rise in oil prices, with Brent gaining nearly 10% intraday → Higher inflation expectations → Stronger expectations of a Fed rate hike, with the implied probability of a July increase surging from below 10% to around 50% → Broad pressure on risk assets → Sharp decline in Bitcoin
Why is the market experiencing severe volatility?
Although attacks had previously occurred in the Gulf of Oman, markets still held out hope that the ceasefire agreement would remain intact. Trump's latest remarks shattered that expectation. Rather than signaling any intention to de-escalate, the U.S. openly expressed its intent to "take control" of the strait and launch a "powerful strike". Waller's comments on the conditions for a rate hike on the same day compounded the geopolitical shock, creating a double blow that further amplified market volatility.
Key points to watch next:
- Strait of Hormuz traffic: If Iran takes concrete steps to block the strait, oil prices could break above $75 per barrel, potentially causing inflation expectations to become unanchored.
- July FOMC meeting: If persistently higher oil prices push inflation data upward, a Fed rate hike could shift from an "option" to a "reality".
- BTC's "safe-haven" narrative: During this geopolitical shock, Bitcoin fell alongside other risk assets and failed to demonstrate the defensive characteristics of "digital gold", dealing another blow to the safe-haven narrative.
Theme 3: The Fed in the Warsh Era: New Uncertainty Under a Data-Dependent Framework
The minutes from the Federal Reserve’s June meeting, released on July 8, highlighted three major paradigm shifts characterizing the "Waller era":
Shift 1: The policy focus moves from rate-cut expectations to the possibility of a rate hike
The minutes showed that "a few participants believed there was already a case for raising the target range for the policy rate at this meeting". The market's central question has therefore shifted from "When will the Fed cut rates?" to "Will the Fed raise rates?"
Shift 2: The Fed broadens its assessment of inflation risks to include AI
For the first time, the minutes noted that "strong business investment related to artificial intelligence could become a source of persistent demand pressure". This suggests that the Fed is no longer focused solely on consumer demand and the labor market, but is also beginning to assess the potential price pressures generated by a new cycle of technology investment.
Shift 3: Policy communication moves from forward guidance to data-dependent decision-making
Compared with the Powell era, the Fed under Warsh has clearly reduced its reliance on forward guidance, placing greater emphasis on incoming economic data as the basis for policy decisions. Fed Chair Warsh previously stated that "forward guidance is not the right policy tool for the current economic environment".
Impact on Crypto Assets:
- Short-term: A data-dependent framework means that every major release, including CPI, PCE, and nonfarm payrolls, could become a catalyst for market repricing.
- Long-term: If the Fed truly bases policy solely on incoming data, the market could lose its "expectations anchor", potentially leading to a structural increase in volatility.
IV. Market Hot Topics Word Cloud
Rank | Keywords | Core Drivers | On-Chain Mapping |
1 | Escalation of U.S.-Iran Tensions | Trump's hardline remarks on "taking over the strait" triggered a BTC drop from $64K to $61K | BTC/USDT, OIL(WTI)USDT |
2 | $425M Single-Day ETF Net Outflow | On July 13, FBTC recorded a $246M outflow, while IBIT saw an $186M outflow | BTC/USDT, ETH/USDT |
3 | Surge in Rate Hike Expectations | Waller clarified rate hike conditions; probability of a July hike jumped from 10% to 50% | BTC/USDT, TLTON/USDT |
4 | Fed Meeting Minutes | Confirms three paradigm shifts under Warsh, with AI entering the inflation debate for the first time | BTC/USDT |
5 | CPI Data Release | June CPI expected to post first monthly decline, though core inflation remains stubborn | BTC/USDT |
6 | MSTR Halts BTC Accumulation | MicroStrategy sold $467M in stock without buying Bitcoin, raising doubts about its strategy's sustainability and intensifying sell-pressure concerns |
V. Key Focus Areas for the Coming Week
Economic Calendar (Jul 15 – Jul 21, SGT)
Date | Event/Indicator | Market Impact | Tokenized Underlying |
Jul 15 (Wed) | U.S.-Iran Tensions | Escalation could push BTC to test $60,000; de-escalation may trigger an oversold rebound. | BTC/USDT, OIL(WTI)USDT |
Jul 16 (Thu) | U.S. June Retail Sales (MoM) | Significant misses may heighten recession fears and dampen rate-hike expectations. | BTC/USDT |
Jul 16 (Thu) | Fed Officials' Speeches | Market focus remains on commentary regarding CPI data and the future rate-hike trajectory. | BTC/USDT, TLTON/USDT |
Jul 17 (Fri) | Netflix (NFLX) Q2 Earnings | A key indicator for the tech earnings season. | NFLXON/USDT, QQQON/USDT |
Jul 17 (Fri) | U.S. July Philadelphia Fed Manufacturing Index | Provides insight into current manufacturing sector conditions. | BTC/USDT |
Ongoing | ETF Fund Flows | Continued outflows will be critical in assessing the strength of support in the $60,000–$63,000 range. | BTC/USDT |
Ongoing | U.S.-Iran Conflict Dynamics | Monitor Strait of Hormuz transit, oil price volatility, and military developments. | OIL(WTI)USDT, BTC/USDT |
Ongoing | BTC $60,000 Support Level | A decisive break below $60,000 could initiate a new phase of downside price discovery. |
VI. Platform Updates
1. World Cup Series Events Enter Final Sprint
As the World Cup reaches its critical semifinal and final stages, MEXC's themed event series is also entering its final stretch:
- Football Fiesta (Jun 17 – Jul 21): Participate in football match predictions and hit cumulative trading volume milestones to unlock tiered rewards worth up to 1,000 USDT. Complete consecutive check-ins for additional benefits. Key highlights include first-trade rewards, zero maker fees, and a prize pool of up to $500,000!
- Combo: Now in full swing! Combine multiple match predictions into a single order for potential return multipliers of up to 200x.
- Global Football Season 2026 Prediction Masters (Jun 11 – Jul 19): The 2026 Global Football Season Prediction Master Tournament is heating up. Join World Cup prediction events and build winning streaks to share a massive prize pool of 1,360,000 USDT.
- Trade Incentives: The MEXC Kickoff Fest (Jun 11 – Jul 21) continues to gain momentum, offering a total prize pool of up to 8,000,000 USDT.
2. Q2 Ecosystem Report Released: SpaceX Futures Trading Volume Surpasses $7.1 Billion, RealStocks Users Exceed 120,000
On July 14, MEXC officially released its Q2 2026 Ecosystem & Growth Report. The report showed that following SpaceX's completion of the largest IPO in history on June 12, cumulative trading volume for SpaceX perpetual Futures on MEXC exceeded 7.1 billion USDT within weeks, making it the platform's most actively traded U.S. stock Futures product by volume. While SpaceX was still privately held, MEXC conducted two rounds of SPACEX(PRE) subscription events, attracting more than 74,000 participants and over 173 million USDT in total subscriptions. Demand in the second round exceeded the available allocation by more than 30 times.
Following the launch of RealStocks on June 1, the product attracted more than 120,000 registered users in its first month and provided live trading access to over 7,000 U.S. stocks and ETFs. As of June 18, dividend settlements had been completed for 34 stocks and ETFs, allowing users holding actual shares to begin receiving dividend entitlements.
In addition, MEXC completed a brand upgrade this quarter and appointed Vugar Usi as Chief Executive Officer, marking the company's strategic transformation from a cryptocurrency exchange into a universal gateway to global markets.
3. SK Hynix Officially Lists on U.S. Markets; MEXC Simultaneously Launches Tokenized Trading Pair
On July 10, SK hynix completed a $26.5 billion Nasdaq listing, making it one of the largest U.S. IPOs of 2026. Its shares initially traded under the ticker SKHYV before switching to SKHY on July 13. On the same day, MEXC officially listed the SKHYON/USDT trading pair on its Spot market, providing users with trading access linked to the leading high-bandwidth memory (HBM) chipmaker. As one of the world's leading suppliers of AI memory chips, SK hynix's listing marked further recognition of the AI hardware narrative in capital markets.
MEXC currently supports tokenized trading for more than 7,000 U.S. stocks and ETFs, including individual stock products and index funds, providing users with a one-stop gateway for global asset allocation. MEXC's RealStocks product also remains available, allowing eligible users to purchase actual shares of U.S.-listed companies such as Apple, NVIDIA, and Tesla directly with USDT, receive dividend entitlements where applicable, and trade without opening a separate brokerage account.
Important Notice: Due to regional compliance requirements, RealStocks is not available in all markets. Trading hours follow the Nasdaq market schedule and are not available 24/7. Users should fully understand the inherent risks of the U.S. stock market.
Disclaimer: This report is for research purposes only and does not constitute investment advice. Crypto asset prices are highly volatile, and geopolitical developments and macroeconomic changes may have a significant impact on the market. Investors should make independent decisions based on their own risk tolerance. Any platform products or trading pairs mentioned in this report are presented solely for objective data reference and do not constitute a recommendation to buy or sell.
Market Opportunity
4 Price(4)
$0.00917
$0.00917$0.00917
USD
4 (4) Live Price Chart
Popular Articles
View More
TENDIES Rallies 422% on Robinhood Chain: Meme Hype or Liquidity Trap?
TENDIES has experienced a stunning rally on Robinhood Chain. According to GMGN data, the token surged 422% in 24 hours, reaching a market capitalization of $17 million with $6 million in 24-hour
Gold Falls Below $4,000: Is the Bull Market Broken or Just Losing Momentum?
Gold has lost the $4,000 level again, and the move is forcing traders to ask a question that felt almost unthinkable at the start of the year: has the gold bull market finally broken? The answer is
JPM Price Target Hits $418. The Stock Closed at $342.89. Who's Right?
JPMorgan Chase reported the largest quarterly profit in its history on July 14, 2026. The stock opened lower anyway. By the closing bell it had erased the drop and set a record at $342.89, and
U.S. Stock Weekly Report | July 04–10:: SK Hynix Officially Debuts on Wall Street — Behind the Largest ADR in History, AI Memory Investment Logic Sees a Historic Shift
On July 10, 2026, something that had been waiting for a long time on Wall Street finally happened: SK Hynix (SK Hynix) officially listed on NASDAQ with the code SKHY , raising a fundraising scale of
Hot Crypto Updates
View More
World Cup Coin Tokenomics Explained: WORLDCUP Supply, Creator Fees and Token Burns
World Cup Coin, identified by the ticker WORLDCUP, is an unofficial Solana-based community token built around the 2026 World Cup narrative and a collection of country-themed coins. The specific
What Happens to World Cup Coin After the 2026 World Cup? Post-Tournament Risks Explained
The 2026 FIFA World Cup is scheduled to conclude with the final on July 19, 2026, raising an important question for holders and researchers of football-themed crypto assets: what happens when the
World Cup Coin Price History: WORLDCUP Volatility, Liquidity and Delisting Risks
The price of World Cup Coin, identified by the ticker WORLDCUP, has experienced substantial changes since the Solana token appeared in May 2026. The specific token discussed in this article uses the
Trending News
View More
$1.4B Bitcoin Options Expire Today: 23,400 Contracts in Focus
About 23,400 Bitcoin options contracts worth roughly $1. 4 billion are set to expire today, creating a focal point for traders monitoring short-term price volatility
Gold Holds Steady Above $4,100 as Weaker Dollar Offsets Fed Hawkishness and Iran Tensions
BitcoinWorld Gold Holds Steady Above $4,100 as Weaker Dollar Offsets Fed Hawkishness and Iran Tensions Gold prices remained largely unchanged above the $4,100
Related Articles
View More
MEXC Alpha Trader Research Weekly | NFP Sparks a Rebound, but ETF Outflow Pressure Lingers: Can BTC Hold $63,000?
Week 1, July 2026Reporting Period: July 1–7, 2026Data Cutoff: July 7, 2026Core NarrativeOver the past week, the crypto market experienced a dramatic reversal, falling first before staging a strong reb
MEXC Alpha Trader Research Weekly | BTC Falls Below $60K as June ETF Outflows Hit Record Highs: How Far Is the Bottom?
Week 4 of June 2026Reporting period: June 24 – June 30, 2026Data Cutoff: June 30, 2026Core NarrativeOver the past week, the crypto market saw its sharpest sell-off since September 2024. On June 24, Bi
Could Bitcoin Fall to $54,000? Inside the $10.6B BTC Options Gamma Trap
More than $10.6 billion in Bitcoin options are settling today, and the market is not where bulls expected it to be.Traders who spent months positioning for BTC above $80,000 are watching those contrac
