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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.
- 08:44BTC surpasses $109,500Jinse Finance reported that according to market data, BTC has surpassed $109,500, currently quoted at $109,515.45, with a 24-hour increase of 0.18%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 08:27Citi: Stablecoin market size expected to reach $4 trillion by 2030Jinse Finance reported that Citi released the "Stablecoins 2030" report, raising its forecast for stablecoin issuance by 2030 to a baseline of $1.9 trillion, with an optimistic scenario reaching up to $4 trillion. The report also stated that, assuming a velocity of circulation of 50 times (similar to the speed of fiat payments), it is predicted that by 2030, stablecoins could support approximately $100 trillion in annual transaction activity, and up to $200 trillion in the best-case scenario. According to DefiLlama data, the current total market capitalization of stablecoins is about $296.8 billion, with USDT accounting for 58.75%.
- 08:26Bitget has launched USDT-margined perpetual contracts for LIGHT, HANA, and STBLAccording to ChainCatcher, as stated in the official announcement, Bitget has launched USDT-margined perpetual contracts for LIGHT, HANA, and STBL, each with a maximum leverage of 50x. Contract trading BOT will be opened simultaneously.