According to crypto analyst Ai Yi @ai_9684 xtpa, a major cryptocurrency "whale" (presumably a "10-big target") closed out its BTC and ETH short positions an hour ago, generating cumulative profits of $7.494 million. Of this, its BTC short position generated $6.217 million in profits, while its ETH short position generated $1.277 million in profits.
According to crypto analyst Ember (@EmberCN), since opening short positions early yesterday morning, an insider whale has realized a $6.41 million profit. Their current short positions include 1,111 BTC, 22,222 ETH, 3.33 million XRP, and 444.44 million SOL, in the order of 1, 2, 3, and 4.
1. Arthur Hayes responded to the sell-off: BTC is expected to test $100,000 and ETH will test $3,000;
2. Eric Trump: Again, buy BTC and ETH on the dips;
3. The chairman of Ethereum treasury company Bitmine: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000;
4. FG Nexus announced the launch of its Ethereum financial strategy and the establishment of the trust fund FG CVR Trust;
5. Trump Media & Technology Group's Q2 financial report revealed that it holds approximately $2 billion in Bitcoin, with financial assets increasing by 800% year-on-year;
6. Analyst: ETH daily active addresses rise to 841,000, a nearly one-year high;
7. One address has accumulated approximately $148.5 million in PI.
8. A whale withdrew approximately $36 million in ETH from the CEX;
9. Eugene: I'm long ETH again, and $3,500 is a reasonable entry point;
10. Binance Alpha will list DarkStar (DARK) on August 4th.
11. Binance: Alpha users with at least 200 points can claim a 750 AIO airdrop today at 6:00 PM.
Odaily Planet Daily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, said in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this round of market, which is the key to driving further increases in crypto assets.
Lee pointed out that investors have repeatedly underestimated every market recovery since 2020, calling the current rebound that began in April "the most underestimated V-shaped reversal in history." He said that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technological stability make it the preferred platform for Wall Street to promote tokenization.
Bitmine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share repurchase plan with the goal of cumulatively holding 5% of the ETH supply.
Lee also predicted that the Federal Reserve's upcoming interest rate cut cycle could push Bitcoin to $250,000. He believes that ETH, currently priced at $3,700, should be reasonably valued at $15,000 based on network fundamentals, emphasizing that "we are not at the top yet, we are only mid-cycle." (CoinDesk)
