Trump's Second Son: Stop Shorting BTC and ETH, or You'll Be Completely Crushed
MarsBit Finance News, on August 9, Eric Trump posted on social media, saying he was delighted to see Ethereum shorts being crushed today. Stop betting on shorting Bitcoin and Ethereum—otherwise, you'll be mercilessly run over by the market.
BlackRock: Currently No Plans to Launch XRP or SOL ETF
MarsBit Finance News, on August 9, the world's largest asset management company BlackRock clearly stated to The Block on Friday that they currently have no plans to launch XRP or SOL ETF. The company spokesperson said: "BlackRock has no current arrangements to file for XRP or SOL ETF at this stage." Currently, BlackRock's listed crypto ETF products only include Bitcoin and Ethereum. It's worth noting that the U.S. Securities and Exchange Commission (SEC) is evaluating multiple XRP ETF application proposals and reviewing ETF proposals for dozens of cryptocurrencies including SOL, Doge, etc. During the Trump administration, the SEC showed a more open attitude towards digital assets, and the market interprets that the possibility of these funds being ultimately approved is increasing.
MarsBit Finance News, on August 9, according to Rockflow market data, U.S. stocks closed higher on Friday, with the three major indices collectively rising: Dow initially up 0.47%, S&P 500 up 0.78%, and Nasdaq up 0.98%. U.S. ETH strategy stocks rose broadly, including: Circle (CRCL) up 3.99%, trading volume $1.417 billion; Strategy (MSTR) down 1.71%, trading volume $4.449 billion; Bitmine (BMNR) up 24.59%, trading volume $4.533 billion; BTCS (BTCS) up 11.11%, trading volume $45.7975 million; Bit Digital (BTBT) up 1.36%, trading volume $106 million; SharpLink Gaming (SBET) up 2.40%, trading volume $1.935 billion. Notably, Bitmine (BMNR) with a market cap of only $5.308 billion, had a single-day trading volume surpassing MSTR with a market cap of $112.04 billion, with an intraday turnover rate of 99.53%, closing at $51.43.
MarsBit Finance News, according to on-chain analyst Yu Jin's monitoring, the "ETH 75% Win Rate Whale" was liquidated with a forced close of 10,080 ETH (worth $40.76 million) short position. Their 70,000 ETH short position, after multiple liquidations and self-stop losses, now has only 12,500 remaining, with the latest liquidation price at $4,095.
The whale started shorting ETH from July 28, and had a floating profit of $12.25 million on August 3. However, like before, without taking profit and continuing to roll over positions, they not only lost all floating profits but are now at a loss of $19 million.
Harvard University Holds $117 Million Bitcoin ETF, Holding More Than Google's Parent Company
MarsBit Finance News, according to The Block, based on the disclosure report at the end of the second quarter on August 8, Harvard University's investment portfolio held $117 million worth of BlackRock Bitcoin ETF (IBIT), ranking fifth in holding size, surpassing its $114 million Alphabet (Google's parent company) stock holdings.
Data shows that BlackRock's Bitcoin ETF currently has assets under management of $84 billion. The Michigan Retirement System disclosed holding $11 million of ARK 21Shares Bitcoin ETF during the same period.
MarsBit Finance News, on August 8, on-chain information showed that with Ethereum's rise, "Machi Big Brother" Huang Lisheng's 25x Ethereum long position has turned profitable, now with over $3.6 million in floating profit. On the other hand, his 5x PUMP long position is still floating at a loss of nearly $500,000.
Pump.Fun Sends $5.6 Million SOL to New Address for PUMP Buyback
MarsBit Finance News, on August 9, according to Arkham monitoring, Pump.Fun sent $5.6 million worth of SOL to a new address for PUMP buyback. So far, they have bought back $6.68 million worth of PUMP at this address and sent $5.72 million to Squads Vault.
MarsBit Finance News, on August 8, regarding "which stage of the cycle the crypto market is currently in", Diwan from CoinDesk Data pointed out that historically, Bitcoin's most significant price appreciation occurred between 500 to 720 days after halving. Diwan mentioned that in the 2016 and 2020 cycles, Bitcoin peaked during this window. "If this pattern repeats, we should focus on a possible accelerated increase between Q3 2025 and early Q1 2026, with this cycle's price movement notably more subdued compared to previous post-halving periods." Hougan from Bitwise Asset Management stated that the four-year cycle has ended, but to officially declare its death, Bitcoin needs to perform well in 2026, which he predicts will happen. Hougan commented in an email, "I don't think we've eliminated volatility, but I believe, first, the forces that historically caused the four-year cycle are weaker than before; second, there are other powerful forces developing on different timelines that I believe will override our four-year cycle trend."
