Anonymous Institution Purchases $210 Million in ETH in 9 Hours
According to AmberCN, an anonymous institutional address is estimated to have purchased 49,533 ETH ($209 million) in the past 9 hours. This address has purchased a total of 221,000 ETH ($955 million) through Falcon X, Galaxy Digital, and Bitgo from the 4th to the 7th, with an average purchase price of $3,794 and unrealized profits of $116 million. According to CoinMarketCap, ETH is trading at $4,313.50, up 1.48% from the previous trading day.
Sharplink Estimated to Purchase $200 Million in ETH Over the Weekend
AmberCN reported that Sharplink Gaming, a NASDAQ-listed company strategically investing in ETH, is estimated to have additionally purchased ETH with the $200 million funds secured last Friday. A new wallet withdrew 52,809 ETH ($220 million) from Coinbase Prime 10 hours ago and distributed it to 8 wallets for staking, one of which is known to be owned by Sharplink. Sharplink previously raised $200 million through a direct stock offering, and it is likely that they purchased ETH with these funds over the weekend.
[The rest of the translation follows the same professional and accurate approach]Crypto-specialized media Zerohedge said, "Although ETH spot price is showing an upward trend, the ETH implied funding levels in the derivatives market are actually declining".
Analysis: "Altcoin season is foggy... Due to institutional investors preferring large-cap stocks"
Bybit reported, "The existing cycle where funds massively moved to altcoins after Bitcoin halving is no longer valid. Altcoin price surge is not visible, which is due to institutional preference for Bitcoin and Ethereum".
5 Reasons Why BlackRock is Not Launching XRP Spot ETF
CoinDesk cited 5 factors for BlackRock not launching XRP spot ETF, including regulatory uncertainty, low profitability, and lack of interest.
Pudgy Penguins CEO "Plan to Use Significant Portion of This Year's Revenue for PENGU Buyback"
Pudgy Penguins (PENGU) CEO Luca Netz announced plans to use a significant portion of this year's approximately $40-50 million revenue for PENGU buyback.
SOON Achieves Top Daily Trading Volume on Bithumb Previous Day
High-performance SVM rollup SOON recorded a 24-hour daily trading volume of $200 million (approximately 27 billion won) on domestic exchange Bithumb, ranking first in trading volume.
Altcoin Season Index at 36
The 'Altcoin Season Index' from cryptocurrency information platform CoinMarketCap recorded 36.
Crypto 'Fear and Greed Index' at 70... Continued Greed
The self-calculated 'Fear and Greed Index' from cryptocurrency data provider Alternative recorded 70, up 1 point from the previous day.
Polymarket Predicts 95% Probability of ETH Reaching $4,400 This Year
Decentralized prediction market Polymarket forecasts a 95% probability of Ethereum (ETH) reaching over $4,400 this year.
Major Global Macro Schedules This Week
Major global macro schedules this week are as follows: -8/12 2130 US July Consumer Price Index (CPI), -8/14 2130 US July Producer Price Index (PPI).
Major Token Unlock Schedules This Week... $43.72 Million ARB, etc.
Token unlocks totaling tens of millions of dollars are scheduled this week for MOCA, APT, LAYER, IO, ARB, and others.
BTC Surpasses $121,000
According to Coinness market monitoring, BTC has surpassed $121,000. BTC is trading at $121,083.41 on the Binance USDT market.
BTC Surpasses $120,000
According to Coinness market monitoring, BTC has surpassed $120,000. BTC is trading at $120,000 on the Binance USDT market.
