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Macro + Crypto Read 🧭 🔹TradFi The incoming Fed Chair is no longer providing the same level of policy reassurance, resulting in a noticeable cooling of overall market sentiment. Key macro implications: The U.S. Dollar Index (DXY) continues to strengthen and has broken out of its previous trading range. From a longer-term structural perspective, further upside remains possible, with an extended target potentially above 116. Gold continues to soften but has yet to enter a bearish trend, remaining in consolidation around the early-June lows. U.S. equities have paused their relentless advance and are now consolidating near elevated levels. Crude oil has retraced below its previous range, while the futures basis has largely normalized to pre-conflict levels, suggesting that the broader directional move is likely established. Long-duration Treasury yields appear to have peaked for now and have begun to retrace. Overall view: Markets are transitioning from an overheated phase into a period of cooling and consolidation. Neither a broad-based collapse nor another parabolic rally appears to be the highest-probability scenario. Instead, the market is more likely to undergo a prolonged process of range trading, consolidation, and elevated volatility as leverage is gradually worked off, until a new macro catalyst emerges. 🔹Crypto Crypto has continued to follow the expected path of a gradual corrective pullback accompanied by wide-range consolidation, trading precisely within the previously highlighted $59K–66K range. The broader market structure remains unchanged, and this regime is expected to persist in the near term. Should BTC lose the $59K level on a daily closing basis, the next major trading range would likely shift lower to $52K–59K.

Macro + Crypto Read 🧭 🔹TradFi: Yields Up, Risk-Off - Commodities: Gold & crude rangebound, but Hormuz disruptions keep a geopolitical supply premium baked in → sticky inflation risks remain. - Liquidity: Long-end yields grinding higher, fueled by Chair Warsh’s hawkish push for aggressive, active QT (balance-sheet runoff). Near-term macro uncertainty ceme nts a bearish outlook. 🔹BTC: Testing the Floors - PA: Tagged $81k but failed to hold acceptance. Downside momentum now fading as price tests major early-year demand zones. - Outlook: Watching the $59k–$66k corridor for the next major market negotiation. Expecting a wide, choppy consolidation to flush out leverage before trend resolution. 📊 Net Assessment Tightening liquidity + geopolitical oil shocks = Risk assets remain firmly on the back foot until one catalyst abates. NFA. — Analysis by Vaulta Treasury

Vaulta Network Transition Update The Vaulta Network would like to provide an update regarding the ongoing asset handover process. Due to unforeseen delays arising from personal circumstances involving Yves La Rose, the transfer of intellectual property (IP) and other assets previously held by the former Vaulta Foundation has encountered significant and unpredictable setbacks. We deeply regret this situation and understand the community’s concerns regarding the pace of the transition. However, the continued development of the network cannot remain indefinitely dependent on the transition process. Guided by community consensus and in the best interests of the ecosystem, an on-chain multisig proposal authorizing the Vaulta Stewardship Trust (VST) to create and manage a new set of brand assets—including domain names, the official website, social media account handles, and other related intellectual property—has been successfully passed with 15 out of 21 approvals by block producers. Proposal Details: unicove.com/en/vaulta/msig/e… Moving forward, we will continue to provide transparent updates to the community regarding the creation process, migration timeline, and details of the new brand assets as they become available. We appreciate the patience, trust, and ongoing support of the Vaulta community as we work together to ensure the long-term stability and growth of the network.

Bringing Trust to Life： The next upgrade of blockchain — from dead contracts to sovereign agents. Ten years ago, smart contracts made trust cheap for the first time. Today, Vaulta makes trust think — where AI meets a banking-grade asset layer, and every contract becomes an autonomous agent for your wealth. Keep tuned, something's gonna happen.

The outlook shared last month — an initial pullback followed by a rebound, with a broad upward trajectory — has largely played out as anticipated. At present, the prevailing trend does not appear to be exhausted. Major cryptocurrencies continue to move within a volatile upward range, while selected altcoins are occasionally delivering outsized breakout performances. From the perspective of traditional market structure, the near-term macro setup currently suggests: oil 📈, gold 📈, equities 📉, and bonds 📉. The yield on the 10-year U.S. Treasury has once again moved above 4.4%, contributing to renewed market nervousness and risk sensitivity. Market participants should pay close attention to the upcoming Xi–Trump discussions over the next two days, as geopolitical developments may have a meaningful impact on broader market sentiment. For now, the market has not shown any clear signals indicating a trend reversal. — Analysis by Vaulta Treasury

Macro & Geopolitical Outlook for Digital Assets (Next 1 Month) 1⃣ Global Liquidity and Interest Rate Cycle Market expectations are increasingly leaning toward a more accommodative monetary policy environment. Historically, easing liquidity conditions have provided structural support for digital assets. Several institutions believe that if rate cuts materialize or global liquidity expands, Bitcoin could enter a renewed upward phase. At the same time, digital assets are gradually behaving more like macro assets, with their price movements showing stronger correlations with traditional markets such as equities and gold. 2⃣ Geopolitics Recent geopolitical developments, particularly tensions in the Middle East, have had a noticeable impact on market sentiment within the crypto sector. Periods of de-escalation have coincided with stronger market performance, with Bitcoin recently approaching $76,000 during improved geopolitical sentiment. In certain risk environments, Bitcoin has also demonstrated characteristics of a relative safe-haven asset, attracting flows during periods of uncertainty. 3⃣ Market Outlook for the Next Month Taking into account macroeconomic dynamics and geopolitical developments, the base case for the coming month is a gradual upward trend accompanied by high volatility. Asset Expected Range BTC: $70,000 – $85,000 ETH: $2,100 – $2,700 Market momentum suggests the recent rebound may not yet be fully exhausted. However, the current strength of the move remains moderate, with both bulls and bears displaying hesitation. In the short term, the market is likely to experience wide-range fluctuations with a slight upward bias, potentially involving a near-term pullback before continuation higher. From a longer-term perspective, downside risks cannot be entirely ruled out, and the market may still face periods of corrective pressure. 4⃣ Key Catalysts to Watch Three factors are likely to determine the direction of the crypto market in the near term: - Changes in U.S. Federal Reserve interest rate expectations - Developments in Middle East geopolitical tensions - Progress in U.S. cryptocurrency regulation Together, these variables will play a decisive role in shaping short-term market direction and risk sentiment. — Analysis by Vaulta Treasury

🚀 Update on the Vaulta Transition: The VST has successfully completed the multi-sig approval process and officially initiated the formal counsel-to-counsel handover phase. We are now awaiting final verification from legal counsel representing Yves LaRose. 1️⃣ Governance Filing: All necessary legal documentation has been updated and filed to finalize the LLC Manager registration. 2️⃣ Banking & Structure: The VST bank account is created. We are currently rectifying account ownership details with the bank’s dedicated team to ensure full alignment with our project structure. 3️⃣ Transition Re-activation: Following the finalization of project funding, the transition team has issued formal notice to the VF team to re-engage and expedite all subsequent legal handover procedures.