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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.
- 12:44Data: Solana CME futures open interest rises to $1.87 billion, up 25.5% in three daysAccording to ChainCatcher, monitored by SolanaFloor, Solana CME futures open interest has risen to $1.87 billion, a 25.5% increase from $1.49 billion over the past three days. This is attributed to expectations that the Solana spot ETF may be approved in October and the continued accumulation by SOL treasury companies, thereby expanding demand.
- 12:44Glassnode: Bitcoin has strong support in the $110,000–$114,000 range, with the next resistance at $117,000.According to ChainCatcher, citing Glassnode data, the cost basis distribution of bitcoin shows dense support in the $110,000 to $114,000 range, where a large amount of supply has been acquired. The next major supply area is near $117,000, which may provide resistance.
- 12:41Mega Matrix announces $3 million purchase of ENA tokensJinse Finance reported that Mega Matrix, a NYSE American-listed company under the New York Stock Exchange, announced that it has spent $3 million to purchase ENA tokens, acquiring approximately 3.86 million tokens at an average purchase price of $0.7117 (including all fees and transaction costs). The company's management stated that it will systematically implement the previously announced MPU stablecoin governance token treasury reserve (DAT) strategy and is expected to increase its ENA holdings on a weekly basis in the future.