gm Bankless Nation, Crypto stocks pumped off of GENIUS passage as ETH, again, went higher. Today's Issue ⬇️ - ☀️ Need to Know: COIN All-Time High
Coinbase surges as stars align. - 🗣️ Analysis: ETH ETF Boom
Ethereum ETFs are surging with inflows.
Sponsor: Unichain — Faster swaps. Lower fees. Deeper liquidity. Explore Unichain on web and wallet. . . . NEED TO KNOW COIN All-Time High - 🔷 Coinbase Stock Soars to New All-Time High. The surge follows GENIUS Act passage, the Base app rebrand, and pro-crypto momentum.
- 🌎 World Liberty Planning Token Transfer Unlock This Summer. The Trump-backed crypto startup plans to unlock the token fully within 6–8 weeks.
- 💰 Bit Digital Keeps Adding ETH to Treasury. The fast-moving ETH treasury play now holds 120,306 ETH after a $67 million raise.
📸 Daily Market Snapshot: ETH continued its upward surge, spiking as high as $3,674 on Friday. While XRP found a new all-time high Thursday night, many on Crypto Twitter spent the day lamenting the post-launch collapse of PUMP which is down 40% since its weekend debut. Prices as of 5pm ET | 24hr | 7d | | Crypto $3.81T | ↘ 0.7% | ↗ 3.3% | | BTC $117,313 | ↘ 1.7% | ↘ 0.5% | | ETH $3,507 | ↗ 2.7% | ↗ 17.6% | . . . ANALYSIS Ethereum ETFs Go Wild Ethereum ETFs kicked into overdrive this week and started sucking in cash like black holes as inflows went parabolic. Barring one day of outflows on July 2, ETH ETF assets under management have been up-only throughout July, raking in an astonishing $2.88B of net inflows on the month. BlackRock’s ETHA leads the charge, seeing record-shattering $546M one-day inflows on July 17 that brought net July inflows to $2.14B. In total, spot ETH ETFs have experienced $7.1B of net inflows since their inception last year. Momentum isn’t limited to ETFs: Ethereum is undergoing a cultural revival moment among mainstream audiences. Public ETH treasury companies like SharpLink Gaming (SBET) and Bitmine Immersion Technologies (BMNR) are gaining traction, and tech billionaire Peter Thiel notably disclosed a 9.1% share in BMNR on Tuesday. Unlike Bitcoin, which must constantly inflate to subsidize network security, ETH is designed to be deflationary and offers staking yields, allowing holders to passively grow their share of the network. This economic architecture appears increasingly appealing to long-term allocators. In DeFi, ETH remains king. Crypto treasury companies are now taking advantage of this feature, with BTCS borrowing $17.8M USDT against its ETH holdings through onchain lending market Aave to further leverage its ETH exposure. ETH is within 15% away from breaking out to new all-time highs, a move that could be feasibly completed within a week if recent price action can be sustained, meanwhile, the ETH/BTC ratio is up 30% since last Monday, achieving relative strength levels unseen since early February. FRIEND & SPONSOR: UNICHAIN Unichain offers the most liquid Uniswap v4 deployment on any L2 – giving you better prices, less slippage, and smoother swaps on top trading pairs. All on a fast, low-cost, and fully transparent network. Start swapping on Unichain today. |
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