Nasdaq-listed company Bit Digital has decided to adopt an Ethereum reserve asset strategy and has sold all of its holdings of Bitcoin. The company sold 280 BTC, ending its Bitcoin holdings history, and used the proceeds to purchase ETH. On July 8, the market showed that Bit Digital pre-market rose 16.4%, with its stock price soaring nearly 75% over the past six trading days.

As the cryptocurrency market begins to circulate expectations of a new round of "alts season", Ethereum (ETH) shows strong recovery signals against Bitcoin (BTC). Technical analysts point out that the ETH/BTC exchange rate chart is forming a key bullish pattern. Ethereum's potential strong performance also boosts the sentiment of the entire altcoin market. Currently, the total market capitalization of alts, excluding Bitcoin, is testing a critical historical rising trend support line. If historical patterns repeat, a successful breakout of the current resistance level is expected to push the total market capitalization of alts towards the $2 trillion mark. However, if there is resistance at this key level and a pullback occurs, it may indicate that the market needs to undergo one last pullback before initiating a sustained rise.

Gate News bot message, The cryptocurrency market displayed a modest bearish movement, with the total market capitalization maintaining stability amid decreased trading volumes. Bitcoin traded at $108,378, recording a 0.54% decline, while Ethereum settled at $2,551, down by 0.84%. The broader market

Recently, the cryptocurrency market has experienced a general fall, with mainstream tokens such as Bitcoin (BTC), Ethereum (ETH), DOGE, and Shib Inu (SHIB) all showing losses. This decline is mainly attributed to new concerns about a potential trade war, shaking investor confidence. Despite the market slump, several analysts remain bullish on the prospects of Bitcoin, Ethereum, DOGE, and SHIB. Some analysts point out that key indicators like MVRV (market capitalization to realized value ratio) are still below historical peaks. The continued increase in global liquidity suggests that the crypto bull run has not yet ended. They believe prices could break through $117,000 and are expected to reach the range of $140,000 to $170,000.

The price of Tron (TRX) hovers around 0.287 USD, having risen nearly 4% in the past week. The TRX network has processed over 13 billion transactions, handling more than 21 billion USD in USDT transfers weekly, surpassing Ethereum (ETH). The surge in trading activity is attributed to the integration of projects like the official meme coin TRUMP by President Trump and Plume's Skylink, indicating that the practicality and development momentum of the TRX ecosystem are strengthening.

The current price movement of Ethereum is at a critical moment. The ETH/USDT trading pair is testing the $2,590 high timeframe resistance level, a region that is technically significant as it perfectly aligns with the 0.618 Fibonacci retracement level and the middle band of the current Fibonacci price channel. Although bullish momentum still exists, this area may create a short-term top, triggering a healthy technical pullback that lays the foundation for a larger breakout afterward. If the price successfully pulls back to the $2,226 area and finds support there, it will complete a potential butterfly harmonic pattern, paving the way for the price to target the $3,200 level. The prerequisite for this scenario is that the support level holds effectively, and trading volume significantly increases in the next round of upward movement.

The U.S. Securities and Exchange Commission (SEC) recently officially accepted the application for a Bitcoin and Ethereum exchange-traded fund (ETF) from Trump Media, marking the start of the agency's clock to approve or reject the proposed fund. This application is not only a significant development in the cryptocurrency market but also signifies a deep integration of crypto assets with U.S. politics. The ETF proposes to offer investors exposure to Bitcoin (BTC) and Ethereum (ETH) through stocks listed on the New York Stock Exchange Arca, supported by crypto assets, with 75% allocated to Bitcoin and 25% allocated to Ethereum.

After successfully breaking through the key resistance level of $2,520, the Ethereum price has started a new round of pump, becoming a bullish signal for ETH. Currently, the price is undergoing a technical pullback, and after gaining momentum, it is expected to challenge the area above $2,580 again. In addition, a decisive breakthrough of the $2,600 resistance may push the price up to the $2,650 resistance level.

In June, Metaplanet's stock trading volume reached 18.7 trillion yen, surpassing Toyota and Sony. The usage scale of stablecoins in Yiwu is relatively small. BioSig plans to raise $1.1 billion through its merger with Streamex. ETH whales have once again purchased 1,969 WETH, with a total investment exceeding $5 million. BTC whales have turned profits from short orders. Both Bitcoin and Ethereum spot ETFs have achieved net inflows.

According to on-chain data tracked by Arkham Intelligence, a wallet labeled "U.S. Government: FBI" made a test deposit of $10 worth of Ethereum (ETH) to a mainstream CEX. Although the transaction amount is small, it is significant — the wallet holds over 100,000 ETH (worth over $300 million), which were seized from NFT scammer Chase Senecal in October 2022.

According to HyperInsight monitoring, an investor holding 50,000 ETH has unrealized gains of 9.56 million USD in the current market and has not taken profit yet. Previously, this investor had unrealized gains of over 20 million USD when ETH fell to 2,200 USD. This person is currently shorting with 10x leverage, entering a position at a price of 2,725 USD.

Ethereum co-founder Vitalik Buterin recently stated that he is re-evaluating his long-held preference for permissive software licenses and advocating for a broader adoption of the "Copyleft" licensing framework. He believes that the open-source ecosystem is entering a more competitive and centralized era. Buterin's remarks come at a time when the artificial intelligence (AI) development and blockchain development communities are engaged in intense debates over licensing models. There are concerns that foundational innovations risk being controlled by a small group of dominant players. For crypto users focused on the future of decentralization and censorship-resistant technologies, the choice of open-source license directly impacts the openness and fairness of the ecosystem.

On July 7, the total net inflow of Ethereum Spot ETF reached $62.1123 million, of which BlackRock ETF ETHA had a net inflow of $53.2074 million, with a historical net inflow of $5.669 billion. Fidelity ETF FETH had a net inflow of $8.9049 million, with a total net asset value of $10.712 billion.

Today (8th) during the Asian early trading session, the price of Ethereum (ETH) remains stable above $2,500. This follows Bit Digital's (BTBT) announcement of investing $172 million, along with the proceeds from the sale of 280 BTC, increasing its treasury Holdings to 100,603 ETH. Previously, CF Benchmarks predicted that the number of companies integrating Ethereum and Solana (SOL) on their balance sheets would grow tenfold.

According to Jinse Finance, Anthony Sassano (@sassal0x), the founder of The Daily Gwei, stated on X that the number of ETH purchased by companies holding Ethereum as their treasury asset has surpassed the amount of newly issued ETH. In the past 30 days, approximately 77,000 new ETH has been issued (with a net issuance of about 57,000 after accounting for burns). During the same period, Ethereum treasury companies purchased over 200,000 ETH.

Bitcoin today (8) is experiencing a pullback, currently reported at around 108,000 USD, after previously facing strong dumping pressure near the 110,500 USD mark, indicating the short positions' determination to defend this important resistance level. However, for the long positions, an encouraging signal is that the price remains above the MA, reflecting the firmness of investor sentiment and the current lack of profit taking.

Ethereum(ETH) is making a strong challenge against the 2600 USD resistance level, attempting to end the sideways fluctuation since early May. A successful breakout will signal the start of a new bull run, while failure may trigger a pullback.

The U.S. government has transferred Ethereum (ETH) worth $219,000 to an exchange, raising concerns in the market about a potential dumping. Although the current ETH price has not yet been affected, there are still many unanswered questions in the community. On the surface, this amount seems insignificant compared to the federal government's $650 million ETH reserves. However, this marks the first time since President Trump took office that assets have been transferred to an exchange, which could be seen as a warning sign.

PANews, July 8th news, according to on-chain analyst Yu Jin's monitoring, 5 hours ago, a certain Whale/institution Address transferred out the last 3,631 ETH. This means they have transferred all of the 95,313 ETH (worth 234 million USD) that were redeemed from staking into CEX over the past month. These ETH were staked last year at an average price of $2,878. The average price when redeemed and transferred to CEX was $2,454, resulting in a loss of $40.41 million.

Golden Finance reported that blockchain data shows an investor holding $2.2 million worth of Ethereum began transferring these tokens on Monday, after having kept them idle for nearly 10 years. The holder initially received these 900 ETH in 2015, when the price of Ethereum was less than 50 cents. These are the "genesis coins," the digital tokens born in the first block of Ethereum. Before Ethereum officially enabled trading features, the project's early contributors and developers received these "pre-mined" ETH—at that time, it was worth only a few cents.

BlockBeats news, on July 8, the US SEC has confirmed receipt of the Spot Bitcoin and Ether ETF application submitted by Truth Social.

Odaily News According to Lookonchain monitoring, today 10 U.S. Bitcoin ETFs had a net inflow of 3,199 BTC, among which Fidelity had an inflow of 2,159 BTC, currently holding 203,509 BTC, worth $2.199 billion; 9 Ethereum ETFs had a net inflow of 24,968 ETH, among which Fidelity had an inflow of 24,968 ETH, currently holding 523,594 ETH, worth $1.33 billion.

Gate News bot message, on July 7, ETF data showed that both Bitcoin and Ethereum ETF products recorded positive capital inflows. Specifically, on that day, the net inflow of 10 Bitcoin ETF products was 3,199 Bitcoins, valued at approximately $345.74 million. Among them, the Fidelity Bitcoin ETF had a net inflow of 2,159 Bitcoins (approximately $233.35 million), and its current holdings amount to 203,509 Bitcoins (approximately $21.99 billion). In terms of Ethereum ETF, a total of 9 products had a net inflow of 24,968 Ether, worth approximately $6.33 million. The Fidelity Ethereum ETF contributed all of the inflow, with a current total holding of 523,594 Ether.

BlockBeats reported that on July 7, the cryptocurrency company Bit Digital transferred all its crypto assets to Ethereum. The company sold 280 Bitcoins and used the proceeds to purchase more Ether. Bitcoin mining company Bit Digital stated on social media that it is fully betting on the long-term value of Ethereum. Bit Digital has accumulated a total of 100,603 ETH and will continue to actively increase its holdings, aiming to become a global leader in Ethereum asset management. As a cryptocurrency company focused on Ethereum asset management, it is fully deploying the most influential digital asset of this generation – ETH.

Golden Finance reports that the crypto assets company Bit Digital has accumulated a total of 100,603 ETH and plans to actively increase its holdings. Bit Digital has converted its held BTC into ETH and additionally raised approximately 170 million dollars to purchase ETH.

BlockBeats news, on July 7, according to HyperInsight monitoring, a contract Whale has just increased the position of its 20x ETH short order by 4,028.14 ETH, with the holdings amount increasing by 10,202,666 USD. Other specific information is as follows: Position value: 44,815,561 USD Entry price: 2,559.57 USD Liquidation price: 5,535.7 USD Profit and Loss: unrealized gains 138,274 USD

Gate News bot消息，据2025年7月7日Gate官方公告： Gate will conduct a system upgrade for the ETH2.0 mining product on July 7, 2025, at 18:00 (UTC+8). During the upgrade, users' current mining positions and income distribution will not be affected, and the subscription and redemption operations for ETH mining products can proceed normally. This upgrade mainly involves two adjustments: First, the ETH mining page will undergo style optimization for uniformity; Second, the interest calculation logic will be adjusted from being based on the average ETH2 holdings over the past 14 days to being based on the average ETH2 holdings over the previous 24 hours.

According to a report released by CoinShares, digital asset investment products recorded an inflow of $1.04 billion last week, marking the twelfth consecutive week of net inflows, bringing the total inflow for this round to $18 billion. Driven by rising asset prices, Assets Under Management (AuM) climbed to a record $188 billion. Weekly volume reached $16.3 billion, consistent with the weekly average so far this year.

According to Gate News bot and The Fintech Times, Spanish banking group BBVA has launched Bitcoin and Ether trading and custody services for retail investors through its mobile application, expanding its regulated digital asset services across Europe.

After a poor performance on July 5, the cryptocurrency market has seen a rebound today, but there are concerns that this rebound is just a flash in the pan. Major crypto assets such as BTC, ETH, SOL, and ADA have achieved significant rises, while memecoins have also shown impressive gains.

With the rebound of the US stock market and the rise in market risk appetite, ETH rebounded after testing the 2275 range, currently facing pressure in the 2571–2600 range. Analysts suggest that investors operate cautiously, following the high liquidity support and short-term pressure.

Ethereum's social dominance ( Social Dominance ) has soared to 8.96%, reaching a new high since May, indicating a surge in public interest. At the same time, exchange reserves are also on the rise, sparking speculation about the underlying trends in the market. This pattern of social discussion volume growing in tandem with exchange reserves typically signals the approach of significant price turning points (whether rising or falling). What is the root of the current market tension? Is it retail investors positioning themselves in advance, or institutional funds quietly getting on board?

Today (7th) during the Asian midday trading session, Ethereum (ETH) is reported at 2572 USD, maintaining strong momentum from the weekend. The long-term technical structure of Ethereum is attracting increasing attention from traders, as signs of a breakout are beginning to emerge after a prolonged consolidation period.

Ethereum price has regained upward momentum, successfully breaking through the key resistance level of the 2520 USD area. Currently, ETH is holding above 2550 USD, with long positions strengthening, and it is expected to continue its upward attack.

As the crypto assets market opened higher this week, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing new signs of strength. BTC closed above $109,000 after confirming a breakout from the consolidation phase. Meanwhile, ETH and XRP remain strong near key support levels, indicating the potential for further increases in the future.

Trader Eugene stated that the market positioning of ETH has changed significantly. Although he once vowed not to invest again, he is now optimistic about its potential as a TradFi infrastructure. At the same time, the performance of ETH is closely related to BTC, indicating an enhancement of investment value in the future. He has adjusted his portfolio in preparation for a possible breakthrough.

Last week, Ethereum Spot ETF had a net inflow of $219 million, with no net outflows from all nine ETFs. Among them, BlackRock ETF ETHA had a weekly net inflow of $99.4 million, with a historical total net inflow of $5.62 billion, while Fidelity ETF FET had a net inflow of $92.03 million, with a total net inflow of $1.74 billion. The total net asset value is $10.83 billion.

Gate News bot message, according to on-chain data, wallet address 0x1fc7 withdrew 1900 ETH (worth approximately 4.86 million USD) from a Centralized Exchange 2 hours ago and has staked it. Data further shows that the wallet has withdrawn and staked a total of 6,989 ETH from the Centralized Exchange in the past three weeks, with a total value of approximately 17.5 million dollars.

From the pre-confirmation mechanism to Booster Rollup, these cutting-edge practices promoted by Taiko are outlining a truly scalable, practical, and globally potential future for Ethereum — and this is just the beginning.

According to Gate News bot, data from Nansen shows that a holding address withdrew 1,900 ETH worth 4.87 million dollars from a Centralized Exchange, and used 1,888 ETH for ETH2.0 stake. In the past 19 days, this Address has withdrawn a total of $17.51 million worth of 6,989 ETH from the Centralized Exchange. The relevant Address is: 0x1

Gate News Bot news, July 7, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently quoted at 2562.37 USD, up 1.70% in the last 24 hours, with a high of 2635.19 USD and a low of 2378.39 USD. The 24-hour volume reached 13.35 billion USD. The current market capitalization is approximately 309.32 billion USD, an increase of 5.166 billion USD compared to yesterday. Ethereum is a leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications ( DApps ), supporting various application scenarios such as smart contracts, DeFi, and NFTs. ETH is the native token of the Ethereum network, used to pay transaction fees and as a means of value storage. Important recent news about ETH: 1️⃣ **ETH price breaks through

PANews July 7 news, according to Onchain Lens monitoring, Whale @qwatio has once again encountered partial liquidation on short positions in Bitcoin (40x leverage) and Ether (25x leverage). As of now, this short position has lost 16.89 million dollars, with a total loss of 15.7 million dollars.

According to a report by Jinse Finance, monitoring by Onchain Lens shows that a user named @qwatio has once again encountered partial Get Liquidated in shorting BTC (40x leverage) and ETH (25x leverage) trades. So far, he has lost 16.89 million dollars in these trades. Overall, he is currently down 15.7 million dollars.

Gate News bot message, trader @qwatio's Bitcoin (40x leverage ) and Ethereum (25x leverage ) short positions encountered a new round of partial liquidation. Data shows that in these trades, their cumulative loss reached 16.89 million USD, with an overall loss of 15.70 million USD.

Golden Finance reports that Dune data shows that the Linea Mainnet has bridged in 819,007 ETH, with a total of 1,264,199 transactions and 581,728 interactive addresses.

Gate News bot message, Gate market shows, ETH breaks 2600 USDT, current price 2600.86 USDT.

According to a report by Jinse Finance and data from Etherscan, the current Ethereum Gas fee is 0.353 Gwei.

Gate News bot message, Gate market shows, ETH breaks 2550 USDT, current price 2550.68 USDT.

Odaily News According to on-chain analyst AI Yi's monitoring, Whale 0x1f7...7a9b8 is circulating go long $ETH. Over the past 2 hours, it has built a position of 2304.3 stETH, worth 5.78 million USD, by "buying stETH > depositing into Compound stake to borrow USDC > continuing to buy" at a cost of $2510; currently, it has collateralized 3503.23 stETH and 10 WBTC to borrow 7.03 million USDC, with a health ratio of 1.22.

According to ChainCatcher news, on-chain analyst AI Yi (@ai9684xtpa) has monitored that the suspected staking service provider Arthapala's associated addresses have deposited 5850 ETH to multiple exchanges in the past 5 hours, worth approximately 14.73 million USD. Since June 27, this Address has cumulatively transferred 54,179 ETH to the exchange, with a total value of 135 million dollars and an average deposit price of 2,491.25 dollars.