Following a bullish run two weeks ago, the cryptocurrency market experienced bearish consolidation last week. The global crypto market cap dropped by $70 billion, from $2.47 trillion to $2.4 trillion. Here are the top cryptocurrencies to watch this week:
Ethereum (ETH) Drops 7.76% Despite ETF Launch
ETH saw a 7.76% decline last week. Despite a brief 1.21% increase on July 23 due to spot Ethereum ETFs trading with $106 million in net inflows...

Trump Fired Biden (TRUMPBID), a new Solana memecoin, is expected to surge over 17,000% in the coming days. This potential spike is driven by its upcoming listings on numerous crypto exchanges, which will expose the coin to millions of investors.
Currently available only on Solana decentralized exchanges like Jupiter and Raydium, early investors in TRUMPBID could see returns similar to thos...

June Core PCE Price Index(YoY): 2.6%, [Est. 2.5%, Prev. 2.6%]
June Core PCE Price Index(MoM): 0.2%, [Est. 0.2%, Prev. 0.1%]
June PCE Prices Index(YoY): 2.5%, [Est. 2.5%, Prev. 2.6%]
June PCE Prices Index(MoM): 0.1%, [Est. 0.1%, Prev. 0.0%]
The Fed's preferred inflation measure, core PCE, reached its lowest level in over three years, with overall inflation at a five-month low.
June personal income ...

Tesla's Q2 total revenue increased by 2%, with energy business revenue doubling and hitting new highs, while automotive revenue fell by 7%. EPS and net profit both dropped by over 40%. Revenue from carbon credit sales doubled quarter-over-quarter to a record $890 million.
Tesla still expects the Cybertruck to be profitable by the end of this year and forecasts positive quarter-over-quarter growth in automotive production for Q3. Afforda...

Netflix reported strong Q2 performance with 8.05 million net subscriber additions, surpassing forecasts. Despite this, the company’s Q3 revenue guidance of $9.73 billion fell short of the $9.82 billion Wall Street had expected, causing the stock to drop nearly 7% after hours before recovering.
Key Points:
Impressive Subscriber Growth: Netflix’s Q2 showed significant gains, especially in the Indian market.
Revenue...

The European Commission, which oversees the bloc’s trade policy, has set provisional duties of up to 37.6% on EVs imported from China to counter what it says are unfair subsidies and has canvassed EU member views in a so-called advisory vote.
A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said.
German carmakers, which made a third of their sales last year in China, have urge...

June CPI turned negative month-on-month for the first time in four years, and core year-on-year growth hit a more than three-year low. Expectations for a rate cut this year have risen sharply, with the likelihood of a September rate cut climbing to 80%, and the probability of a July rate cut reemerging.

U.S. Jun. CPI (MoM): -0.1%, [Est. 0.1%, Prev. 0.0%]
U.S. Jun. CPI (YoY): 3.0%, [Est. 3.1%, Prev. 3.3%]
U.S. Jun. Core CPI (MoM): 0.1%, [Est. 0.2%, Prev.0.2%...