Merkle3s Weekly Snapshot📊 7/9 1️⃣ Macro Highlights 📈 - The U.S. reported favorable unemployment data, potentially delaying Fed rate cuts. - #Bitcoin continues to test new highs; selling pressure around the $110K level appears largely absorbed, increasing the likelihood of upward momentum. 2️⃣ Tokenized Stocks Gaining Traction 📊 - @RobinhoodApp introduced tokenized U.S. stocks, with plans to build its own Robinhood Chain specifically for #RWAs. European users received “stock tokens” airdrops from #OpenAI and #SpaceX. - #xStocks tokens on #Solana are enabling users to trade on-chain without KYC requirements. 3️⃣ On-Chain Market Analysis 🛡️ - $BTC market is in structural consolidation, with range-bound fluctuations in the absence of significant negative news. - Current BTC price movements are dominated by holders reluctant to sell rather than demand-driven. Limited liquidity and reduced activity suggest limited downside but also constrain significant upside without major catalysts. - Since April, reduced institutional selling pressure and stable buying support have kept BTC consolidating with a slight upward bias. Continued bullish sentiment expected in the second half of 2025. 4️⃣ ETF Inflows Remain Strong 📈 - Spot ETFs continue attracting funds. This week, #BTC ETFs saw net inflows of $769 million, while #ETH ETFs recorded net inflows of $219 million, marking the eighth consecutive week of net inflows. 5️⃣ Meme Platform Competition Heats Up 🔥 - @bonk_fun platform surpassed #pumpfun in 24-hour trading volume, taking the top spot with a 55.1% market share. - @JupiterExchange launched its proprietary launchpad platform, #JupiterStudio, leveraging advantages from protocol integration and liquidity.