Odaily News Matrixport released today's chart, saying that recently, Ethereum prices have shown resilience beyond fundamental expectations. Although the on-chain activity measured by Gas fees continues to be sluggish and the overall popularity of the network has not yet recovered significantly, the price has not rebounded, but has continued to rise steadily. We believe that this trend is mainly driven by the following structural factors: First, some institutions have gradually included ETH in their treasury assets, further strengthening its "digital gold" positioning in the asset allocation system; second, the issuance of stablecoins on the Ethereum network remains active, continuing to inject liquidity into the on-chain ecosystem; at the same time, the advancement of the US GENIUS Act has brought medium- and long-term policy benefits to Ethereum in terms of compliance paths and institutional participation. Combined with the seasonal strength of July, Ethereum's current price structure is not only driven by market inertia, but also reflects the resonance of fundamental support and market expectations. For long positions, $2,500 should still be regarded as a key technical support level.

Odaily News OKX market data shows that MAGIC rose above 0.17 USDT and is currently trading at 0.1782 USDT, with a 24-hour increase of 50.63%.

Odaily News According to market data, the stablecoin concept stock Jinyong Investment (01328.HK) fell below HK$8 and is now trading at HK$7.33, a drop of 41.83%. Earlier news, Jinyong Investment announced a strategic partnership with AnchorX to explore stablecoin application scenarios.

Odaily News Trader 0xSun published an article analyzing that more and more domestic and foreign big players choose to "retire" the main wallet and switch to a small or new wallet. There are two main reasons: First, the pressure of following orders is too great. Once the main wallet is bought, the price will be raised by various copy bots, resulting in the expected increase in the instant of purchase. There is no room for subsequent operations. Selling is easily criticized by public opinion, and holding will face selling pressure; Second, to avoid being attacked by conspiracy theories, such as "insider information", "joint harvesting", "small shipments" and other false speculations. 0xSun believes that although this trend can reduce the pressure of trading, it also weakens the transparency of the chain, giving the market more room for fish in troubled waters, which may have a negative impact on the overall environment.

1. ETH 1CO whale sells another 1,000 ETH, costing only $0.31, and has cashed out nearly $900 million in the past month; 2. GMGN Lianchuang: Starting today, users are still trapped after turning on MEV, and they can get official compensation by providing corresponding information; 3. GameSquare rose 5.84% after the market, and will establish a maximum of $100 million in Ethereum treasury in stages; 4. A whale transferred about $63.37 million in ETH to CEX in the past 6 days; 5. A whale transferred 66,330 SOL to Binance again, with a cumulative recharge of more than $116 million SOL this year; 6. South Korea's National Tax Service: Residents who receive virtual asset labor remuneration from overseas companies must declare comprehensive income tax; 7. The whale sold 1.59 million FARTCOIN and bought into SPX, BONK and PENGU, and still holds tokens worth $1.46 million; 8. 4 wallets paid a total of $100 million to Hyperliquid 6.14 million USDC were deposited for the purchase of HYPE; 9. GameSquare completed a fundraising of 8 million US dollars and plans to launch an Ethereum fund management strategy; 10. The total net inflow of Bitcoin spot ETF yesterday was 80.08 million US dollars, continuing the net inflow for 4 days.

Odaily News GameSquare (code: GAME) rose 5.84% to $1.63 after the market closed. The company announced earlier that the board of directors had approved the establishment of an Ethereum treasury in stages, with a maximum amount of $100 million.