👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

• 📈 BTC eyes breakout as Trump tariff talks progress

• 🏛️ Arizona governor vetoes Bitcoin reserve bill

• 🥇 Gold-backed crypto minting hits 3-year high

• 💼 Franklin Templeton backs Bitcoin DeFi push

• 🔗 Dinari raises $12.7M for tokenized stocks

• 🤪 SNORT meme coin promises to make degens rich

Let’s dive in.👇

Today’s Edition

📌 Bitcoin Bulls Load Up as Range Compression Signals Explosive Move

Bitcoin traders are positioning for explosive moves higher as range-bound markets set up potential breakout conditions.

Markets have been generally range-bound in the past week, setting the course for what could be an explosive move higher, some say, with Bitcoin currently trading around $95,496. Trump's comments on progressing tariff negotiations have injected fresh optimism into crypto markets, as traders interpret potential trade deals as macro tailwinds for risk assets. The consolidation phase could be the calm before a significant rally, particularly as institutional flows remain steady and the broader crypto market maintains relatively stable footing despite recent choppiness.

• 📊 BTC consolidating around $95K support level

• 🎯 Traders eyeing breakout above recent highs

• ⚡ Trump tariff optimism fuels crypto breakout setup

https://www.coindesk.com/markets/2025/07/20/bitcoin-traders-eye-breakout-to-new-highs-as-trump-says-tariff-deals-progressing

📈 Arizona Governor Kills Bitcoin Dreams, Calls Crypto "Untested"

Arizona's governor dealt a blow to state-level Bitcoin adoption by vetoing legislation that would have created a digital assets reserve.

The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state, calling crypto an "untested investment" in her veto message. This represents a significant setback for the pro-crypto movement at the state level, coming at a time when several other states are considering similar Bitcoin reserve bills. The veto highlights the ongoing political divide around cryptocurrency adoption and could influence other governors facing similar legislation. Arizona's decision contrasts sharply with states like Wyoming and Texas that have taken more crypto-friendly approaches.

• 🚫 Arizona becomes latest state to reject Bitcoin reserves

• 🏛️ Governor cites "untested investment" concerns

• 📉 Setback for state-level crypto adoption movement

https://www.coindesk.com/policy/2025/07/20/arizona-governor-calls-crypto-an-untested-investment-vetoes-bitcoin-reserve-bill

📉 Gold Goes Digital: Crypto-Backed Tokens Hit 3-Year Minting High

Gold-backed cryptocurrency minting volume has surged to a 3-year high as traditional central bank buying patterns shift.

A surge in demand, particularly from ETFs, pushed the average quarterly gold price to a record high. The chart would show gold-backed crypto token creation spiking alongside declining central bank purchases, indicating retail and institutional investors are turning to tokenized gold as an alternative store of value. This trend reflects growing confidence in crypto-based precious metals exposure and could signal broader adoption of tokenized commodities. The divergence between central bank behavior and crypto-gold demand suggests evolving market dynamics in the digital assets space.

• 🥇 Gold-backed token minting hits 3-year peak

• 📈 ETF demand drives record quarterly prices

• 🏦 Central bank buying drops as crypto fills gap

https://www.coindesk.com/markets/2025/07/20/gold-backed-crypto-minting-volume-hits-3-year-high-as-central-bank-buying-drops

📈 Franklin Templeton Breaks Ranks: Bitcoin DeFi Gets Institutional Blessing

Franklin Templeton is backing Bitcoin DeFi development, signaling institutional validation for Bitcoin's expanding utility beyond digital gold.

"I don't think focusing on Bitcoin DeFi will dilute or complicate Bitcoin's core narrative." Farrelly said. The asset management giant's support represents a major shift in how traditional finance views Bitcoin's evolution from a simple store of value to a platform for decentralized applications. This endorsement could accelerate development of Bitcoin-based DeFi protocols and attract more institutional capital to the space. The move challenges the narrative that Bitcoin should remain purely a digital gold, instead embracing its potential for broader financial innovation.

• 🏛️ Major asset manager validates Bitcoin DeFi utility

• 🔗 Institutional backing for expanded Bitcoin use cases

• 🚀 Potential catalyst for Bitcoin ecosystem growth

https://www.coindesk.com/business/2025/07/20/franklin-templeton-backs-bitcoin-defi-push-citing-new-utility-for-investors

🛠️ Dinari Bags $12.7M to Tokenize Wall Street for Global Degens

Dinari secured $12.7 million in funding to expand tokenized stock access for non-U.S. investors through their dShares platform.

The company allows firms to offer users the ability to buy shares in major U.S. companies and funds through dShares, backed by real shares. This funding round positions Dinari to bridge traditional finance and DeFi by offering tokenized versions of major U.S. equities to global investors who face barriers accessing American markets directly. The platform's approach of backing digital tokens with actual shares addresses regulatory concerns while expanding market access. This could represent the next phase of tokenization beyond commodities and currencies into mainstream equity markets.

• 💰 $12.7M raised for tokenized stock expansion

• 🌍 Targeting non-U.S. investor market access

• 🔗 Real share backing ensures regulatory compliance

https://www.coindesk.com/business/2025/07/20/dinari-raises-127m-to-expand-tokenized-stock-access-for-non-us-investors-report

Degen Domain

🐸 SNORT: The Meme Coin That Wants You to Literally Snort Your Gains

SNORT token is making waves in presale with its absolutely unhinged "snort your gains" narrative that has degens throwing money at the screen.

• 🤪 $2M presale for "snortable" meme gains

• 🎯 886% pump predictions post-listing

• 🤖 Trading bot utility meets pure degeneracy

https://www.tradingview.com/news/newsbtc:315f36df0094b:0-new-meme-coin-presale-promises-to-snort-explosive-gains-in-2025-snorter-ico-goes-live/