According to BlockBeats, on July 13th, Tushar Jain, Managing Partner of Multicoin Capital, stated in a podcast that the crypto market has bottomed out and entered a critical turning point. He believes that current market sentiment has been fully cleared, and recent negative news, including major hacking incidents, has not triggered a large-scale sell-off. Instead, the continued increase in application adoption and the gradual divergence between asset prices and fundamentals are all signals of a market reversal. The current environment is forming a "perfect storm."

Jain remains optimistic about the long-term potential of Solana (SOL) and Hyperliquid (HYPE), believing that SOL is an ideal infrastructure for the development of spot trading and tokenized securities, while Hyperliquid holds a leading position in the on-chain derivatives field. Currently, both his personal and institutional funds maintain a significant allocation to both.

Furthermore, he revealed that Multicoin has accumulated a significant proportion of Zcash (ZEC) supply and believes the project represents a return to cypherpunk ideals, with the potential to rank among the top five in the crypto market capitalization. Regarding position management, Jain employs a "three-part" strategy: immediately investing one-third of his funds, allocating the second part through dollar-cost averaging, and reserving the final third to cope with significant market corrections. After confirming the Zcash code vulnerability was not exploited by hackers, the team actually increased their position further following the previous vulnerability incident.

According to BlockBeats, on July 13, Bitget data showed that WTI crude oil rose 5.0% to $75 per barrel, following reports that the Iranian Islamic Revolutionary Guard Corps attacked US military assets in Oman and Bahrain.