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Ethereum (ETH) rebounded above $2,200, gaining over 6% in 24 hours. Key indicators suggest a potential shift in momentum, with $3,000 in sight if bullish pressure continues.
Quick Take Argentine federal prosecutor Eduardo Taiano is seeking to freeze assets exceeding $110 million linked to the Libra memecoin scandal The scandal has drawn attention due to its alleged connection to President Javier Milei.
Quick Take RedStone has launched the RED token on Ethereum, with 10% of its total 1 billion supply allocated to the community through claim activities. Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC, RedStone co-founder and COO Marcin Kazmierczak told The Block.
Quick Take Although early details are scant, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump. Besides exploring “product” opportunities, Sui also said World Liberty Financial will “include Sui assets in … its strategic token reserve.”
Quick Take Bitwise, the cryptocurrency index fund manager, has made its first DeFi allocation via onchain credit protocol Maple Finance, the company announced on Thursday.
Quick Take A senior Russian official stated that sanctions won’t fully prevent Russians from using the cryptocurrency market. The EU recently imposed sanctions on Russian crypto exchange Garantex, which has already been under U.S. sanctions since 2022.
- 04:28VanEck: Investors Express Dissatisfaction with "Excessive" Executive Compensation at Bitcoin Mining FirmsAccording to the latest research from asset management firm VanEck, executive compensation in the U.S. Bitcoin mining industry is significantly higher than that of peers in the information technology and energy sectors, mainly due to generous stock incentive plans—an issue that shareholders are now protesting. Despite these “aggressive compensation plans,” shareholders of Bitcoin mining companies remain “dissatisfied,” VanEck’s Head of Digital Asset Research Matthew Sigel and investment analyst Nathaniel Frankovitz noted in a report on Thursday. The researchers found that the average approval rate for executive compensation proposals among shareholders was only 64%, compared to about 90% for companies in the S&P 500 and Russell 3000 indices. “This skepticism appears well-founded. Mining executives continue to grant themselves excessive equity awards, which dilute shareholder value and fail to reliably align compensation with long-term value creation,” they added.
- 04:22Data: Today's Crypto Fear and Greed Index is 71, indicating continued market greedAccording to ChainCatcher, citing Alternative data, today’s Crypto Fear and Greed Index stands at 71 (the same as yesterday), indicating that the market’s “greed” sentiment persists. Note: The Fear and Greed Index ranges from 0 to 100 and is composed of the following indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s share of the overall market (10%), and Google trend analysis (10%).
- 04:17This Week’s Mining Data Highlights: Bitcoin’s Average Weekly Hashrate Rises by 6.55%Odaily Planet Daily News Week 28 of 2025 (July 4 - July 10):1. According to cloverpool, the average Bitcoin network hashrate was 916 EH/s, with a peak of 994 EH/s and a low of 826 EH/s, representing a 6.55% increase from last week's average hashrate (860 EH/s).2. According to cloverpool, block height 903,168 was mined on June 29 at 13:23:16, with an average block time of 9 minutes and 26 seconds. Mining difficulty was 116.96 T, down 7.48% from the previous adjustment cycle.3. According to blockchain.com, the average Bitcoin price was $109,096, with a high of $116,842 and a low of $107,269, up 1.62% from last week's average price ($107,356).4. Noteworthy mining industry news includes:(1) Bitdeer mined 203 BTC in June, with a total Bitcoin holding of 1,502 BTC at the end of the month;(2) Bitcoin mining company Cango currently holds 4,000 BTC;(3) Bit Digital purchased ETH after selling 280 BTC;(4) Japanese apparel chain Mac House announced the launch of its Bitcoin mining business;Data partner: NYSE-listed Bitcoin mining company Cango Inc. (CANG).