Tushar Jain: Crypto market has hit bottom, long-term bullish on SOL, HYPE and ZEC

On July 11th, Bank of America reported that the global memory industry's super cycle continues, and it is expected that global DRAM revenue will increase by 325% year-on-year to $568.8 billion and NAND revenue will increase by 299% to $323.1 billion in 2026, with a total revenue of $891.8 billion. The total revenue of the two types of products will rise to $1.25 trillion in 2027. Bank of America stated that growth is driven by price rebound, with an expected year-on-year increase of 249% in average DRAM selling price and 238% in average NAND selling price in 2026.

According to CCTV News, Iranian Foreign Ministry spokesperson Bagai stated that the memorandum of understanding between Iran and the United States has entered a crisis stage, and as long as the US continues to violate its commitments, Iran will not abide by the memorandum of understanding. Bagae stated that Iran has only held consultations with Oman in Muscat regarding the Strait of Hormuz issue and has no plans to discuss other topics. Additionally, the goal of establishing a mechanism for safe passage of ships through the Strait of Hormuz through negotiations between Iran and Oman has not been achieved due to pressure from Oman.

Morgan Stanley strategists say that apart from tech giants, other US stocks are expected to announce strong performance during this earnings season. The team led by Michael Wilson pointed out that the median earnings per share growth rate of companies in the S&P 1500 Composite Index exceeded 10%, which is the best performance since the post pandemic recovery. Analysts are raising their profit expectations for the optional consumer and transportation industries. The second quarter earnings season will kick off on Tuesday, and large banks will be the first to announce their performance. Analysts predict that the profits of companies in the S&P 500 index will increase by 23%.

[IMF Releases Research Report: Dollar-Pegged Stablecoins May Trigger Bank Run Risks During Crises] According to Digital Asset, the International Monetary Fund (IMF) released a research report on July 10, stating that dollar-pegged stablecoins could accelerate the shift of funds from local currencies to dollar-denominated assets during crises, potentially triggering systemic risks similar to bank runs. Simulation data shows that in economies where stablecoins are widely adopted, the probability of a crisis increases from 3.9% to 7.4%, and in the worst-case exchange rate deviation scenario, household welfare could decline by as much as 6.3%. Using Bolivia as an example, the report highlights that since the country opened digital asset trading in 2024, the price of USDT has become a key reference indicator for the parallel market exchange rate of the U.S. dollar. The IMF recommends that regulators implement macroprudential measures such as temporary restrictions on large transactions and panic-driven sell-offs.

Binance's monthly futures trading volume reached $1.6 trillion, the highest level of the year. JA.Maartun stated that derivative trading has not lost momentum, and the growth in futures trading volume reflects that traders are still actively building positions in the Binance futures market. （CryptoQuant）