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He Yi: I am not the final decision-maker for the listing process; Andre Cronje: Coinbase has repeatedly requested listing fees and is willing to disclose all evidence for public verification.
Quick Take The organization behind the Ethereum Naming Service announced today that it is building its own Layer 2 network called Namechain. Namechain is designed to prioritize interoperability and allow users to start ENS from “any L2 network.” Namechain’s launch is expected around the end of 2025.
Quick Take Infinex, founded by Kain Warwick, has inked a partnership with Near Foundation to integrate Near Chain Signatures into the platform.
MicroStrategy has reclaimed a new record high, after spending over 24 years unable to emulate its dot-com bubble frenzy.
Bitcoin’s price keeps ripping and is currently just 13.6% away from $100K.
Mt. Gox transfers 30,000 BTC valued at $2.4 billion amid price surge. Bitcoin surpasses $81,000 as Mt. Gox repayment deadline approaches. Trustees are likely preparing for creditor payouts by October 2025.
- 08:18CryptoQuant: Indicators Suggest ETH Gains May Surpass BTC, Altcoin Season Approaching SoonAccording to a report by Jinse Finance, a new report from CryptoQuant states that ETH has quietly fallen to a historically rare range, as a market signal indicates that ETH is significantly undervalued compared to BTC. This signal comes from Ethereum's ETH/BTC Market Value to Realized Value (MVRV) metric, which is a relative valuation indicator used to measure market sentiment and historical trading patterns. Historically, whenever this metric reaches similarly low levels, ETH has achieved significant gains and outperformed BTC substantially. CryptoQuant believes that investors seem to have noticed this. With the demand for ETH ETFs rising sharply, the holding ratio of ETH/BTC ETFs has increased significantly since the end of April. This shift in allocation suggests that institutional investors expect ETH to outperform BTC, possibly driven by the recent Pectra upgrade or a more favorable macroeconomic environment. CryptoQuant believes that the current ETH/BTC price ratio has rebounded significantly, indicating that investors and traders are betting that the market has bottomed out, and the "altcoin season" may arrive soon.
- 08:04A newly created wallet withdraws 1.79 trillion PEPE from CEX, valued at approximately $22.22 millionAccording to a report by Jinse Finance, monitored by on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet address has withdrawn 1.79 trillion PEPE tokens from the exchange, valued at approximately 22.22 million USD.
- 08:03Grayscale Conducts Another Large Bitcoin Transaction Today, Transferring a Total of 6,500 BTC Worth Over $674 MillionAccording to a report by Jinse Finance, Grayscale conducted another large Bitcoin transaction today. Data monitored by Arkham shows that approximately 10 hours ago, a total of 6,500 BTC were transferred out of the Grayscale Bitcoin Trust, valued at approximately $674.05 million.