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Ethereum climbed 1.7% to $4,277.78 on Monday, extending its recent winning streak but market opinions remain sharply divided on how long the momentum can last.
Bitcoin is nearing a potential breakout as retail traders overtake whales in the futures market, while Ethereum contends with high leverage despite record-setting institutional inflows.
Global crypto exchange-traded products (ETPs) recorded $572 million in inflows during the trading week ending Friday, according to data from European digital asset manager CoinShares.
A yet-to-be-identified institutional player has been on a massive Ether (ETH) buying spree, scooping up 221,166 ETH over the past week as the world’s second-largest cryptocurrency rallied 21%.
The LayerZero Foundation has proposed acquiring cross-chain liquidity protocol Stargate in a $110 million deal that would see Stargate’s token (STG) swapped for LayerZero’s native token (ZRO).
SHIB’s holding time drops, signaling bearish sentiment, as the token risks falling below $0.00001295.
- 08:07Strategist: Lowered Fed Rate Cut Expectations and Profit-Taking Drive Continued Bitcoin CorrectionAccording to Jinse Finance, Bitcoin has seen a slight rebound but remains at a low level overall, after briefly dropping to a two-and-a-half-week low the previous night. Joel Kruger, a strategist at LMAX Group, stated in a report that Bitcoin has been in a “correction mode” since hitting an all-time high last week. He pointed out that this is mainly due to higher-than-expected U.S. wholesale inflation data, which has dampened market expectations for a Federal Reserve rate cut. Kruger also mentioned that part of the sell-off may be related to short-term accounts taking profits, and it could also be linked to recent comments from the U.S. Treasury Secretary—namely, that the country’s strategic Bitcoin reserves will not be expanded through additional purchases.
- 07:54Fed Meeting Minutes to Reveal Internal Divisions, Set for Release at 2 AM TonightAccording to ChainCatcher, citing Jinshi News, the minutes of the Federal Reserve's monetary policy meeting will be released tonight at 2 a.m. Amid ongoing political pressure, the internal "hawk-dove" debate within the Fed has intensified. The July minutes will reveal details of two dissenting votes, providing important clues for the future pace of rate cuts and policy direction.
- 07:43Analysis: USDC Supply on Hyperliquid Reaches 4.82 BillionAccording to ChainCatcher, on-chain analyst Ai Yi has reported that the USDC volume on Hyperliquid has reached 4.82 billion tokens. This ranks third among all public blockchains and networks, and first among Bridged USDC networks. Currently, Hyperliquid USDC is bridged via Arbitrum, and Circle has announced that native USDC support will be available soon.