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Solana price erased most of its July gains after breaking below key support. Network activity is plunging, shorts are stacked high, and bearish momentum dominates; but could a sudden reversal still catch traders off guard?
VIPBitget VIP Weekly Research InsightsAs the backbone of the Ethereum ecosystem, the ETH infrastructure plays a vital role in ensuring the stability and security of core applications such as Layer 2 scaling, DeFi, and AI on-chain integration. With ETH staking APR stabilizing at around 3.5%, growing momentum in the modular narrative, and rising demand for AI-related computing power, infrastructure has become a strategic focus for medium- to long-term market positioning.
July saw a historic $12.8 billion inflow into US crypto ETFs, marking a significant shift as Bitcoin and Ethereum ETFs outperform traditional funds, fueling market optimism.
Share link:In this post: Riot reported $219.5 million in Q2 net income and $495.3 million in adjusted EBITDA. Bitcoin mining revenue surged to $140.9 million, driven by higher BTC prices and hash rate. Riot mined 1,426 BTC in Q2, with an average cost of $48,992 per coin.
Share link:In this post: The SEC has launched “Project Crypto” to overhaul its regulatory approach and establish the U.S. as the global leader in the crypto industry. The initiative aims to modernize outdated rules, create tailored frameworks for crypto asset classifications, and enable tokenized securities and on-chain trading. The SEC will promote flexible custody options and consolidated licensing for “super-apps.”
- 07:22Crypto Sector: "VisaNet" Cycle Network and UnicornX Announce Partnership, CYC Surges 90.83% in 24 Hours, FDV Exceeds $100 MillionAccording to ChainCatcher, Cycle Network has officially announced a strategic partnership with UnicornX. Following its selection as the latest project on Unicall, the market value of $CYC reached a new high, with intraday gains peaking at 294.47% and FDV exceeding $100 million. Recently, Cycle Network completed a strategic upgrade, aiming to become the "VisaNet of seamless connectivity in the crypto space," further strengthening its multi-chain settlement capabilities and ecosystem layout. UnicornX is not only a DEX, but also a hub for integrity-driven projects and resources. Supported by the liquidity-focused strategic investment institution UnicornVerse, it provides acceleration channels for projects at different stages through its flagship features UniCall and XCall. Since the launch of UniCall, projects listed on UniCall have achieved an average growth rate of +507.3%. UnicornX is committed to reshaping the Web3 trust mechanism and becoming the core hub for singularity exchanges and long-term growth.
- 07:12New York Democrats Propose Bill to Tax Cryptocurrency Sales and TransfersAccording to a report by Cointelegraph, New York State legislator Phil Steck has introduced Bill 8966, which proposes a 0.2% consumption tax on the sale and transfer of cryptocurrencies and NFTs. The tax revenue will be specifically allocated to school drug abuse prevention programs. Before taking effect, the bill must first be approved by the state legislative committee, then submitted for a full legislative vote, and finally signed by the governor. If passed before September 1, the bill will take immediate effect and could generate significant tax revenue for New York State.
- 06:47Three Major Hyperliquid High-Leverage Whale Positions Liquidated, Total Losses Exceed $140 MillionAccording to a report by Jinse Finance, analyst Yujin has summarized that three major Hyperliquid high-leverage whale positions have been "wiped out," with total losses exceeding $140 million: After reaching a peak profit of $87 million at the end of May, JamesWynnReal ultimately lost $21.77 million on a $1.23 billion Bitcoin long position; the "insider whale" qwatio grew an initial capital of $3 million to $26 million, only to lose it all, principal and profits; AguilaTrades continued to open high-leverage positions even after multiple liquidations, and has now accumulated losses of $37.5 million. All three traders used leverage of over 20x and frequently employed rolling trading strategies.