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About Re7 Group
Re7 Capital is a research-driven digital asset investment firm specialising in DeFi yield and liquid alpha strategies. Re7 Labs, its innovation arm, which specialises in on-chain risk curation, vault management and DeFi ecosystem design.
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Summary
In this edition, we cover:
Crypto breaking new ATHs
Institutions raising price targets for BTC
Bitcoin dominance and altcoin strength
Market Update
Another week, another period of fireworks.
BTC broke through its ATH weekly close, rallying to $123k.
Global market capitalisation reaches new all-time-highs of $3.6T.
Crypto continues to outperform high growth tech indices (NDX). This is a very typical dynamic once inflection points have been met.
The first inflection point in this crypto/NASDAQ ratio was the 2020 summer stimulus while the 2nd was the US election in 2024.
The intensity rally in digital assets hasn’t gone unnoticed by institutions.
Global equity research firms and multinational banks like Cowen and Bernstein have revised upside cases for BTC, joining Standard Charter’s $200k 25YE price prediction.
As we wrote in our Rumble in the Jungle edition last October pre-US election, there was an under-appreciation of the macro growth phase:
“With equities at all-time-highs, yields rising, and inflation hedges rallying, the market is signalling a broader re-positioning from investors.”
Since then, we have seen this high growth/loose financial conditions intensify with high growth exponential tech markets win out the most overall.
Arguably, crypto markets are only just responding to what has been the worst dollar sell off in 50 years…
We’re seeing a sustained, long-term transformation in how wealth is created, stored, and transferred.
US BTC spot ETF flows remain strong, now seeing >$4b in monthly inflows. BlackRock’s IBIT passed $80B in 374 days, 5x faster than the previous record.
Global market capitalisation for alts has also been bouncing off its 3 year support…
Bitcoin market dominance has broken its YTD wedge formation to the downside.
What many others are missing though is that this break also marks the multi-cycle top in Bitcoin dominance too. Right on cue.
This top comes as alts are gaining momentum as a sector vs. BTC after coming from cyclical lows...
…all while it feels sector valuations denominated in BTC have yet to price in core KPI growth at cycle highs.
So while we are in price discovery mode in the market, it appears an inflection point in alts this cycle has been put in motion.
Rumble in the jungle.
Re7 in Media:
Trump’s World Liberty joins forces with Re7 — featured by Bloomberg.
Re7 Labs and World Liberty have launched the USD1 vault on Euler, bringing a $2B+ Treasury-backed stablecoin to DeFi with institutional-grade risk and cross-chain utility. A new standard for stable, transparent on-chain capital. Additionally, covered by Coindesk & Cointelegraph.
VMS Group Enters Crypto, choosing Re7 Capital as Partner
Hong Kong’s VMS Group (~$4B AUM) has made its first allocation to digital assets, selecting Re7 Capital’s market-neutral DeFi strategies. The move reflects growing institutional demand for yield with risk-managed access to DeFi - covered by Bloomberg.
Updates on Re7 Lab Vaults
We are excited to announce that USD1 on Binance Smart chain has been added to the Re7 Labs Cluster on Euler with up to 14% APR in rEUL incentives.
We also launched other opportunities on Binance Smart Chain with the inclusion of USDX and sUSDX to the Re7 Labs cluster.
We are excited to share new additions to Euler on Avax: UTY and yUTY have been added to the Re7 Labs cluster.
We are excited to introduce a new BTC Yield Strategy on Gearbox Protocol. Borrow tBTC against BTC-native collateral and earn additional incentives until July 25th.
Keep an eye out for our Re7 Morpho vaults on Katana, these should be live very soon with an official announcement.
Make sure to join Re7 Labs Alpha Telegram channel for more DeFi vault announcements this week
Disclaimers
The content is for informational purposes. None of the content is meant to be investment advice. Use your own discretion and independent decision regarding investments. The opinions expressed in all Re7 public research articles are the independent opinions of the authors at the time of publication and not the opinions of the affiliates of Re7.
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