Two major whales/institutions that have recently been accumulating ETH have once again increased their holdings by 43,591 ETH, worth $145 million.

On July 25th, according to a report in Fortune, the founder of Pantera Capital emphasized the reasons for investing in a diversified portfolio of blockchain and projects during an interview. "There isn't just one internet company, is there? That's precisely how I view blockchain. Although Bitcoin is dominant, its use cases are relatively limited, especially in the context where supporters are promoting decentralized finance applications such as payments and lending. Other blockchains like Ethereum and Solana have advantages that Bitcoin lacks, including faster speeds, programmability, and lower transaction fees. Stablecoins are expected to bring about a breakthrough for the entire industry. Especially as banks and major tech companies start to explore this area. As the trend of enterprises adopting stablecoins strengthens, it will attract more participants to join the blockchain ecosystem."

On July 25th, as per an official announcement, Bitget has declared the commencement of U-based TAG and ASP perpetual contracts, and the contract trading BOT will be opened simultaneously.

On July 25th, the Hong Kong-listed company DigiMax Group (02586.HK) announced the successful completion of a private placement worth HK$393 million. 50% of the net proceeds will be allocated to the research and development investment and technological advancement of stablecoins and blockchain. Specifically, all of these funds will be used to cover the staff costs of the company's blockchain experts for the development and maintenance of systems and interfaces related to new business development, including various systems in areas such as trading, reserve management, settlement, clearing, compliance, and issuance. It is expected that these funds will be utilized by the end of 2026.

On July 25th, EU officials and diplomats indicated that the EU-US Trade Framework Agreement might be reached during this weekend. (FXStreet)

On July 25th, based on the data from Ultrasound.money, the net issuance of Ethereum over the past 7 days has increased by 17,333 ETH. There is an approximate issuance of 18,600 ETH, and 1,266.6 ETH has been destroyed through the burning mechanism. The total Ethereum supply has now reached 120,927,828 ETH, and the current supply growth rate is 0.748% per year.

On July 25th, spot gold dropped by more than 1.00% during the trading day. It is now trading at $3334.20 per ounce. (Oriental Wealth)