โ๏ธ Miner TeraWulf plans to raise ~$3 billion to support the construction of its data centers. bloomberg #mining
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๐๐ณ Whale Transactions:
1. In the last 2 days, 16 wallets received 431,018 #ETH ($1.73 billion) from Kraken, Galaxy Digital, BitGo, FalconX and OKX;
2. 0xFB3B withdrew another 6.34 million #ASTER ($12.95 million) from Gate;
3. new wallet 0xd80D deposited 30 million #USDC on Hyperliquid and bought 12.91 million #XPL ($17.4 million).
1. In the last 2 days, 16 wallets received 431,018 #ETH ($1.73 billion) from Kraken, Galaxy Digital, BitGo, FalconX and OKX;
2. 0xFB3B withdrew another 6.34 million #ASTER ($12.95 million) from Gate;
3. new wallet 0xd80D deposited 30 million #USDC on Hyperliquid and bought 12.91 million #XPL ($17.4 million).
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๐ฝ๐ #CRO Crypto.ัom received approval from the CFTC to launch margin derivatives in the US.
๐ฉ๐ธ๐ป #BTC El Salvador has increased its holdings by 8 BTC in the last 7 days.
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๐๐ค #BTC CQ: Taker Sell pressure peaked. Net Taker Volume just flashing a bullish signal.
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๐๐ #ETH liquidity heatmap is showing decent long liquidations around the $3,700-$3,800 level.
This level could be revisited again before Ethereum shows any recovery.
This level could be revisited again before Ethereum shows any recovery.
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๐ต #ASTER After being liquidated on ASTER, James Wynn is back and has opened a 3x leverage long position on ASTER.
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๐๐ #ASTER DefiLlama: DEX Aster's cumulative perpetual commission revenue has surpassed $100M. In addition, Aster's commission revenue totaled $56.3M in the last seven days, 2.5 times that of Hyperliquid ($21.75M), and overtook Circle ($54M) for second place in the protocol revenue rankings, behind only Tether.
๐ค #HYPE Mercury published a proposal to blacklist Arthur Hayes' wallet because of his HYPE sales, describing him as "a famous trendline breaker, the epitome of peak market signals, an amateur philosopher," and stating that he needs to be stopped before he starts buying up HYPE tokens again.
Previously:
- Arthur Hayes sold 96.6k HYPE tokens worth $5.1 million dollars
- Hayes predicts HYPE will grow 126x by 2028
Previously:
- Arthur Hayes sold 96.6k HYPE tokens worth $5.1 million dollars
- Hayes predicts HYPE will grow 126x by 2028
๐ #BTC futures open interest dropped from $44.8B โ $42.7B. Leverage has been flushed, setting the stage for the next leg higher.
๐๐ #ETH Strategicethreserve: With the fall in the price of ETH, the mNAV of three Ethereum treasuries (SharpLink, The Ether Machine, and ETHZilla) has fallen below 1 (Bitmine is still above 1). This indicates that the market value of the companies has become less than the value of their ETH holdings, making issuing new shares to buy ETH unprofitable and reducing the incentive to build up crypto reserves. This could increase pressure on the price of ETH, as companies may start selling their ETH to buy back their own shares.
๐ต๏ธโโ๏ธ #ETH Meanwhile Bitmine, according to Arkham data, acquired 252,441 ETH in the last 3 days.
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๐ #SOL Strategic SOL Reserve: Currently, the 18 public companies that created the Solana Treasury collectively hold 20.921 million SOLs worth $4.21 billion, representing 3.64% of the current total SOL supply. Of these, approximately 12.468 million SOLs are stacked.
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๐ #XRP consolidates near $2.75 as liquidity tightens and bearish pressure builds. Onchain data suggests a possible pullback before bulls step in.
๐โโ๏ธ #BTC NYDIG urges Bitcoin treasury companies to abandon the "misleading" mNAV metric.
NYDIG takes the example of acquisition Strive Asset Management's acquisition of Semler Scientific and notes that mNAV does not take into account going concern and often uses "deemed outstanding shares," which may include convertible bonds that do not qualify for conversion.
NYDIG takes the example of acquisition Strive Asset Management's acquisition of Semler Scientific and notes that mNAV does not take into account going concern and often uses "deemed outstanding shares," which may include convertible bonds that do not qualify for conversion.
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๐๐ Web3 Wallets Metrics Overview
Phantom โ In H1 2025, it surpassed MetaMask in revenue ($191M vs $56M), capturing 90% of the US Solana market and 96% of balances in India.
MetaMask โ Unmatched Scale: 30M Monthly Active Users and 60% EVM market (US/India) provide stability.
Trust Wallet โ 210M+ installs (leader in total users) and 35% self-custody market, but 17M Monthly Active Users and lower revenue ($3.89M) show focus on beginners.
Rabby โ 4M users and 122 chains for DeFi advanced user. Low fees (0.25%) and 3x swap volume growth โ show potential to compete with the leaders.
They have announced plans to issue tokens
Phantom โ In H1 2025, it surpassed MetaMask in revenue ($191M vs $56M), capturing 90% of the US Solana market and 96% of balances in India.
MetaMask โ Unmatched Scale: 30M Monthly Active Users and 60% EVM market (US/India) provide stability.
Trust Wallet โ 210M+ installs (leader in total users) and 35% self-custody market, but 17M Monthly Active Users and lower revenue ($3.89M) show focus on beginners.
Rabby โ 4M users and 122 chains for DeFi advanced user. Low fees (0.25%) and 3x swap volume growth โ show potential to compete with the leaders.
They have announced plans to issue tokens
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