Gate Research: Strategy Sells Bitcoin Again, Zapper Shuts Down After Seven Years of Operation

• Market Overview: BTC and ETH remained range-bound as macro headwinds, including rising U.S. inflation expectations and persistent hawkish Fed guidance, continued to weigh on market sentiment. Risk appetite stayed subdued, while structural themes such as AI Agents, RWA, and Web3 incentive infrastructure outperformed. Stablecoin market capitalization continued to expand steadily, and Ethereum gas fees remained at historically low levels.
• Key Highlights: DeFi dashboard Zapper announced it will shut down after seven years of operation, highlighting the ongoing consolidation of DeFi infrastructure. Meanwhile, BNB Chain unveiled plans to build a dedicated Layer 1 for Agentic Trading, aiming to integrate AI agents with high-performance on-chain execution.
• Weekly Focus: Crypto ETFs recorded a net outflow of approximately $65.28 million this week, including $74 million in net outflows from Bitcoin ETFs, while Ethereum ETFs posted $9 million in net inflows. Meanwhile, Strategy sold approximately $216 million worth of Bitcoin, reigniting discussions around corporate Bitcoin treasury strategies and institutional digital asset allocation.
• Looking Ahead: Markets are expected to remain range-bound in the near term as investors closely monitor upcoming U.S. macroeconomic data, Federal Reserve policy signals, and ETF fund flows. Over the next seven days, PUMP, CONX, and APT are scheduled for major token unlocks, with PUMP alone releasing approximately $123 million worth of tokens, potentially affecting market liquidity and price action.

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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 9, 2026

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