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Interview with Bitwise Trader Jeff Park, who predicts a significant increase in Bitcoin ETF inflows, reaching $300 billion by 2026 and an estimated $120 billion by the end of this year.
Share link:In this post: Solana treasury firm Upexi secures a $500M line of credit deal with A.G.P./Alliance Global Partners to fund the acquisition of more SOL. Upexi CEO Allan Marshall said the equity line gave his company additional means and flexibility to raise capital to boost its SOL position. Upexi’s shares (Nasdaq: UPXI) slightly increased from $6.11 to $6.49 on July 28, with a strong trading volume of roughly 3.24M shares.
Share link:In this post: Four of the Magnificent 7 are reporting earnings this week, raising fears about their outsized impact on Wall Street. The S&P 500 has surged 67% since 2023, mostly driven by a handful of large-cap tech stocks. The group accounted for 52% of last year’s total earnings growth, leaving the rest of the market behind.
Share link:In this post: Bernstein noted that Ethereum treasuries face liquidity risks and smart contract vulnerabilities due to staking mechanisms. The firm argued that ETH’s yield generation comes with governance challenges in DAOs. The company believes ETH treasuries will hit $30-50M annual returns once scalability and legal frameworks mature.
Share link:In this post: Konstantin Lomashuk, the Founder of Lido, received an 85M USDT loan from lending protocol Aave to purchase ETH. Lookonchain reported that Lomashuk first transferred 80M USDT to the Amber Group, which redirected all funds to an exchange and swapped them for over 15K ETH. A recent report by Lomashuk and Cyber.Fund’s Head of Research, Artem Kotelskiy, claimed that ETH was “ultrasound money.”
The crypto market is shifting toward an altcoin season, with Ethereum leading the way. Ethereum's growth and capital flow from Bitcoin are setting the stage for a broader altcoin rally in 2025.
- 16:05Analysis: Companies like Circle and Stripe are building proprietary blockchains to establish their own settlement channels, aiming to enhance the efficiency, compliance, and revenue of digital asset paymentsAccording to ChainCatcher, as reported by CoinDesk, Circle and Stripe are building their own proprietary blockchains, joining a growing number of projects aiming to launch chains for stablecoins and tokenized assets. Startups Plasma and Stable have both recently raised funds to develop dedicated chains for USDT (USDT). Securitize is collaborating with Ethena to build Converge, Ondo Finance announced earlier this year that it would soon launch an internal chain, and just a few days ago, Dinari stated it would soon roll out a layer-1 network powered by Avalanche for the clearing and settlement of tokenized stocks. Martin Burgherr, Chief Clients Officer at crypto bank Sygnum, said, “Building your own L1 is about control and strategic positioning. The economics of stablecoins are determined by settlement speed, interoperability, and regulatory alignment, so owning the base layer allows companies to embed compliance directly, integrate FX engines, and ensure predictable fees.” There are also defensive motivations. “Today, stablecoin issuers rely on Ethereum, Tron, or other stablecoins for settlement,” Burgherr said. “This reliance means they are exposed to external fee markets, protocol governance decisions, and technical bottlenecks.”
- 16:05Data: Solana Sets New All-Time High with Single-Block Maximum TPS Reaching 107,664According to ChainCatcher, as reported by Solana Floor,the Solana network has reached a peak single-block processing speed of 107,664 transactions per second (TPS), setting a new record for the network's highest throughput.
- 16:04Data: $138 million in liquidations across the network in the past 24 hours, with $30.82 million in long positions and $107 million in short positions liquidatedAccording to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $138 million in the past 24 hours, with long positions accounting for $30.82 million and short positions for $107 million. Specifically, Bitcoin long positions saw $702,800 in liquidations, while Bitcoin short positions reached $7.3593 million. For Ethereum, long positions were liquidated for $9.7485 million, and short positions for $50.8565 million. In addition, over the past 24 hours, a total of 55,549 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $9.4366 million.