Multicoin Capital managing partner Tushar Jain said the crypto market has already bottomed and is now at a turning point, according to his latest appearance on the When Shift Happens podcast. Jain said his view rests on three signals: market sentiment has hit a real low, blockchain application usage and adoption are still rising, and prices have become disconnected from fundamentals. He described that setup as a “perfect storm” for a reversal. Jain said recent major hacking incidents failed to trigger broad-based selling, which he sees as another sign that sentiment has already washed out. On positioning, he said he remains structurally bullish on Solana, arguing SOL offers the right architecture for spot trading and tokenized securities. He also pointed to Hyperliquid’s lead in the derivatives segment and said Multicoin has large positions in both assets. On Zcash, Jain said Multicoin has accumulated a meaningful share of ZEC supply and tied that bet to a return of cypherpunk values in the industry. He also outlined a three-part portfolio approach: buy one-third immediately, dollar-cost average the next third, and reserve the final third for sharp market drawdowns. Separately, the report cited CoinGecko data showing that more than 50% of the 7 million altcoins launched over the past four years are now dead, which it framed as evidence of an ongoing market shakeout and consolidation.

Data cited by BlockBeats on July 13 showed extremely elevated funding rates for SK Hynix-linked contracts on trade.xyz. The platform’s main SK Hynix contract posted an annualized funding rate of 907.74%, with open interest reaching $834 million. In contrast, the U.S.-listed Hynix contract showed an annualized funding rate of -143.74%, while open interest there stood at $88.77 million. Binance’s Shanghai Hynix contract also pointed to bullish positioning, with its annualized funding rate at 547.5%. The figures suggest traders on these venues were positioning for a rebound in related Korean equities in the next session.

Pakistan’s cryptocurrency regulator has called for dialogue after Islamic scholars ruled against the use of cryptocurrencies for payments, according to a Techub News brief citing Cointelegraph. The regulator said it wants to address the disagreement through communication rather than leave the issue unresolved. The dispute centers on a prior religious ruling that opposed the use of crypto as a payment method. In response, the regulator urged discussion, signaling that the issue is not only a policy question but also one tied to religious interpretation. The episode highlights the complexity Pakistan faces as it moves its crypto policy forward. The country’s approach is running into overlapping legal and religious considerations, with the regulator’s response pointing to tensions that remain unsettled. No additional policy steps or timeline were disclosed in the brief.

Robinhood founder Vlad Tenev’s seed phrase was exposed during a livestream, and hackers then used the compromised wallet and related addresses to pump a meme coin before moving to BNB Chain to launch another token, according to Michael, chief business officer at Token Pocket. Michael said on X on July 13 that the attackers first bought the $1 token through the controlled address, drawing in thousands of copycat buyers. The token’s market capitalization then jumped from about $500,000 to $14 million, a 28-fold increase, while trading volume reached roughly $20 million within two hours. After Ethereum-related addresses were frozen, the attackers allegedly shifted to BNB Chain, issued a new token using the same wallet cluster, created artificial volume through self-trading, and then sold off. The report also noted that mnemonic phrases remain the most basic layer of wallet security because control over the phrase effectively means control over the wallet’s assets. BlockTempo added that Robinhood Chain has recorded more than $4 billion in DEX volume and $134 million in total value locked since launch.

SBI Group is planning to roll out a lending service tied to its JPYSC stablecoin, according to Cointelegraph. The planned product would offer users a 3% annual yield on JPYSC holdings. Cointelegraph said the service could go live as early as this month. The report points to SBI Group, a Japanese financial group, as the company behind the planned launch. No additional rollout details were disclosed in the source provided. The update was cited from Cointelegraph’s post and centers on the launch timing, the annual yield level, and the fact that the product is designed for users holding JPYSC.

Taiwan Semiconductor Manufacturing Co. (TSMC) reported June 2026 revenue of NT$442.68 billion on July 13, up 6.16% from May and 67.87% from a year earlier, setting a new monthly high. First-half consolidated revenue reached about NT$2.404 trillion, up 35.61% year over year, also a record. According to Economic Daily News, the chipmaker’s second-quarter performance landed within its earlier guidance of $39 billion to $40.2 billion, based on an exchange-rate assumption of NT$31.7 to the U.S. dollar. TSMC shares closed up 1.04% on Monday after the update. The report also pointed to ongoing AI-driven demand for advanced nodes and CoWoS packaging. In parallel, National Science and Technology Council Minister Wu Cheng-wen said TSMC plans to add two advanced packaging plants in Chiayi Science Park, with the first already in mass production and the second set to follow. Investors are now watching TSMC’s July 16 earnings call for updates on AI demand, CoWoS expansion, N2P and A16 production timing, and whether it will raise its full-year U.S. dollar revenue growth and capital spending outlook.

Binance Futures will adjust the contract size of the KORUUSDT U-margined perpetual contract at 08:15 on July 15, 2026, according to ChainCatcher. The change is tied to a 1-for-20 stock split plan involving the underlying asset. Binance expects the adjustment process to be completed at 21:30 on the same day. During the adjustment window, the contract will enter a cancel-only phase. All existing orders will be canceled, and trading for the contract will be suspended until the process is complete. No other details were provided in the source text.

Placeholder partner Chris Burniske said a recent reading of Lyn Alden’s book Broken Money strengthened his view that Bitcoin and other internet-native forms of “hard money” are most likely to reward patient participants over time. In a post on X, Burniske also argued that ZEC stands out as Bitcoin’s most credible complement. He said the market saw a wave of impatience between 2016 and 2025, with many people treating Bitcoin as just another technology platform rather than understanding it more deeply. In his view, Bitcoin is closer to a social reset than a simple technical upgrade, and that kind of transition takes decades to play out. Burniske added that impatience is now shifting toward other areas that appear faster, pushing the market back toward an atmosphere closer to 2015 and earlier. He said that setup is likely to reward those who have consistently understood Bitcoin from the start.