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Interview with Bitwise Trader Jeff Park, who predicts a significant increase in Bitcoin ETF inflows, reaching $300 billion by 2026 and an estimated $120 billion by the end of this year.
Share link:In this post: Solana treasury firm Upexi secures a $500M line of credit deal with A.G.P./Alliance Global Partners to fund the acquisition of more SOL. Upexi CEO Allan Marshall said the equity line gave his company additional means and flexibility to raise capital to boost its SOL position. Upexi’s shares (Nasdaq: UPXI) slightly increased from $6.11 to $6.49 on July 28, with a strong trading volume of roughly 3.24M shares.
Share link:In this post: Four of the Magnificent 7 are reporting earnings this week, raising fears about their outsized impact on Wall Street. The S&P 500 has surged 67% since 2023, mostly driven by a handful of large-cap tech stocks. The group accounted for 52% of last year’s total earnings growth, leaving the rest of the market behind.
Share link:In this post: Bernstein noted that Ethereum treasuries face liquidity risks and smart contract vulnerabilities due to staking mechanisms. The firm argued that ETH’s yield generation comes with governance challenges in DAOs. The company believes ETH treasuries will hit $30-50M annual returns once scalability and legal frameworks mature.
Share link:In this post: Konstantin Lomashuk, the Founder of Lido, received an 85M USDT loan from lending protocol Aave to purchase ETH. Lookonchain reported that Lomashuk first transferred 80M USDT to the Amber Group, which redirected all funds to an exchange and swapped them for over 15K ETH. A recent report by Lomashuk and Cyber.Fund’s Head of Research, Artem Kotelskiy, claimed that ETH was “ultrasound money.”
The crypto market is shifting toward an altcoin season, with Ethereum leading the way. Ethereum's growth and capital flow from Bitcoin are setting the stage for a broader altcoin rally in 2025.
- 20:47Trump: (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decisionJinse Finance reported that U.S. President Trump said: (Regarding Federal Reserve Governor Cook) We are ready for a legal battle. Cook appears to have engaged in misconduct. We need people who are 100% honest and upright. (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decision.
- 20:39Cook can still participate in the Federal Reserve's interest rate meetings, pending court decisionAccording to ChainCatcher, citing Golden Ten Data, Cook has stated through his private attorney that he will challenge his position as a Federal Reserve Board member in court and seek a judicial ruling. A Federal Reserve spokesperson said they will comply with the court's decision. Cook's status as a board member has not changed before the next meeting, and he can still participate in the interest rate decision meeting on September 16-17.
- 20:38Insider: Trump Plans to Appoint Milan and Former World Bank President to the Federal Reserve BoardJinse Finance reported, citing the Wall Street Journal, that according to informed sources, Trump has informed his advisors that he hopes to announce a nominee to replace Cook as Federal Reserve Governor as soon as possible. Trump stated that he may appoint his economic advisor, Milan, to succeed Cook. Other potential candidates discussed by Trump, according to sources, include former World Bank President David Malpass—a close ally of the president who has criticized the Federal Reserve for not cutting interest rates. If Milan is nominated to replace Cook, Malpass may be nominated to fill another vacancy on the Federal Reserve Board.