BingX Crypto & Financial News
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The main network launch of MONAD and the MON token is expected on September 30, according to CoinMarketCap.
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BingX Crypto & Financial News
The Rex Osprey Sol Staking ETF saw roughly $8 million in trading volume in the first half-hour of trading.
The Rex-Osprey Solana + Staking ETF has garnered more than $222 million in total bids since its launch, with net assets under management exceeding $100 million.
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Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647
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Maple Finance’s Syrup platform introduces support for KRW, BTC, and USDT trading pairs. For additional information, see Upbit’s announcement. The current BTC/USDT price stands at 117,180.46.
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BingX Crypto & Financial News
Trump also visited the Fed to examine their construction project valued at over $3.1 billion.
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Former President Donald Trump met with Federal Reserve Chair Jerome Powell, stating that U.S. interest rates should be maintained below those of other countries.
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Christie's Auction House has established a new real estate division focused solely on cryptocurrencies. cointelegraph
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Yesterday, spot Bitcoin ETFs saw net inflows of approximately $226.7 million, while spot Ethereum ETFs attracted $231.2 million in net flows.
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Tether reports that as of the second quarter of 2025, approximately 250,000 Tether Gold (#xaut) tokens are in circulation, backed by more than 7.66 tons of gold. theblock.com
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BingX Crypto & Financial News
Trump signs legislation establishing cryptocurrency framework.
New U.S. legislation on cryptocurrencies has led to a $4 billion surge in stablecoin supply. cointelegraph #regulation
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ITH SANTEMENT released a study on ETH, indicating that its growth is primarily driven by rising institutional interest, major network upgrades, and increased adoption. The report suggests that ETH could potentially reach $6,000 or $6,500 by early 2026. However, some analysts highlight a decline in activity on Layer 2 solutions as a bearish indicator. A pullback by institutional investors or unforeseen changes in market conditions could impede ETH’s upward trajectory.
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10X Research’s Head of Research warns that Ethereum faces near-term risks as the market shifts into a calmer summer phase, with technical indicators suggesting overbought conditions. cointelegraph

Meanwhile, the Director of Galaxy Digital predicts that rising institutional interest in Ethereum may increase supply and could enable ETH to surpass Bitcoin within the next six months. cointelegraph
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According to a recent study, MEV arbitrage on Ethereum is becoming increasingly centralized. Arbitrators are increasingly operating within companies or have exclusive contracts with MEV creators responsible for constructing blocks on the Ethereum network, providing them with an advantage over smaller users.
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Galaxy Digital transferred over 10,000 BTC ($1.18 billion) to exchanges within the past nine hours. The transfer originated from a Bitcoin OG wallet that previously held 80,009 BTC ($9.68 billion).

Three new wallets have accumulated a combined 74,207 ETH (approximately $273 million). Since July 9, eight wallets have collectively gathered 540,460 ETH, worth around $1.99 billion.

Arthur Hayes purchased 2.16 million ENA tokens today, bringing his total holdings to 7.76 million ENA, valued at approximately $3.73 million.

Machi Big Brother has continued increasing his long position in PUMP. He has incurred losses exceeding $10 million from this trade, including roughly $2 million in spot trades and over $8 million in futures.
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CEO CQ questions the validity of the Bitcoin cycle theory, noting it no longer applies. Traditionally, his trading approach relied on the belief that whales would accumulate, presenting buying opportunities, and retail investor activity would signal potential sell-offs. Recent market shifts suggest a change in dynamics. In the previous cycle, large holders sold to retail investors; today, established whales are transferring assets to newer, long-term investors. Institutional participation has surpassed previous expectations. CQ remarks that active trading may be ineffective now, as the market is increasingly driven by a growing base of long-term holders rather than traders.
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Hong Kong-based OSL Group has secured $300 million in equity funding to expand its global operations. theblock.com
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In the past 24 hours, approximately $728.52 million worth of Bitcoin contracts have been liquidated, with longs representing roughly $582.32 million and shorts approximately $146.21 million.
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Eigen Labs launches "multi-fucker," enabling AVS to operate across multiple networks beyond L1 Ethereum, including L2, following new integration. theblock.com
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BingX Crypto & Financial News
Ark Invest divests $90 million in Coinbase stock.
Ark Invest divested $12 million worth of Coinbase shares and $9.8 million in Block holdings.
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Galaxy Digital reported that nearly 30,000 Bitcoin, valued at approximately $3.5 billion, were predominantly sold on exchanges. Subsequently, the firm withdrew $1.15 billion in USDT from multiple exchanges. Galaxy Digital's current holdings include 18,504 BTC, worth about $2.14 billion.
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ENA jumps more than 15% following positive analyst commentary. At 14:31 Moscow time, Andrew Kang, a well-known influencer within the Bot database, characterized ENA as "one of the few legitimate projects in the cryptocurrency space with significant growth potential." The token entered the top tier for futures trading and by 15:25 Moscow time, it had secured the leading position in spot trading, which it has held since.
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