KEYTAKEAWAYS
-
JPMorgan raises 2025 inflation forecasts due to Trump’s trade policy, expecting delayed Fed cuts and increased demand for hedge assets like crypto.
-
A dormant Bitcoin whale transferred nearly $2 billion in BTC to Galaxy Digital, reflecting growing institutional trust in Bitcoin.
-
SharpLink becomes the largest ETH-holding institution, surpassing the Ethereum Foundation with 294,000 ETH and showing strong capital efficiency and conviction.
CONTENT
JPMORGAN RAISES FUTURE INFLATION FORECAST
On July 15, JPMorgan Global Research revised its U.S. economic outlook in response to rising trade protectionist rhetoric from former President Trump, which is adding uncertainty to the Federal Reserve’s policy trajectory.
The bank now expects 2025 U.S. GDP growth to be 1.3% (down 0.2 percentage points), PCE inflation to reach 2.7% (up 0.2 points), and core PCE inflation to hit 3.1% (up 0.3 points).
Analysis:
Trump’s escalating trade stance—including a proposed 50% tariff on copper and 10% tariff on BRICS-aligned nations—has heightened inflation expectations and policy uncertainty.
JPMorgan’s GDP downgrade reflects early warning signs: Q1 GDP contracted by 0.3%, imports surged, and consumption slowed to 1.8% growth. Persistently elevated inflation may delay Fed rate cuts until 2026.
Meanwhile, reshoring and investor rotation into hedge assets like Bitcoin and Ethereum may create new capital allocation opportunities.
SLEEPING BITCOIN WHALE TRANSFERS 7,843 BTC TO GALAXY DIGITAL
On July 15, Arkham reported that a dormant whale address holding over 80,000 BTC transferred another 7,843 BTC to Galaxy Digital. As of reporting, the whale has sent a total of 16,843 BTC (worth $1.995 billion) to Galaxy today alone.
Analysis:
The movement of long-dormant funds underscores the maturing Bitcoin market. This whale, who acquired BTC in 2011 at $2–$4, is now sitting on returns exceeding 40,000x.
Bitcoin’s rally past $118,000 on July 11 and increasing institutional adoption (e.g., SharpLink Gaming’s support for BTC payments) signal accelerating mainstream acceptance.
Still, the asset’s high volatility (60% annualized) and recent liquidation waves ($280M wiped out) may shake retail investor confidence—highlighting both the opportunity and the caution required.
SHARPLINK BECOMES LARGEST ETH HOLDING INSTITUTION
As of July 15, SharpLink Gaming’s on-chain ETH holdings reached 294,000 ETH after a new accumulation, with an average purchase price of $2,695.
The company now surpasses the Ethereum Foundation, which holds 242,500 ETH, making SharpLink the largest institutional ETH holder.
Analysis:
Holding 294,000 ETH (0.245% of Ethereum’s ~120M total supply), SharpLink has effectively become “MicroStrategy for ETH.” Backed by $64M in ATM financing and staking rewards of ~3.5% APY (or ~222 ETH/month), the firm has optimized capital efficiency.
The current position yields an unrealized gain of $91.83M (11.6% return), demonstrating both sharp market timing and long-term conviction in Ethereum.
