Justin Sun withdraws 60,000 ETH from Binance Ethereum 10th Anniversary Live Broadcast to be held

Headlines

▌Justin Sun withdraws 60,000 ETH from Binance, equivalent to approximately $226 million

On July 27, according to Whale Alert monitoring, Justin Sun's wallet address withdrew 60,000 ETH from Binance, equivalent to approximately $226 million.

▌Ethereum's 10th Anniversary Live Broadcast will be held on July 30, and the Torch Commemorative NFT will be open for casting

The Ethereum Foundation announced that the 10th Anniversary Live Broadcast will be held at 14:30 UTC on July 30, and the global celebration will be global. Within 24 hours after the event, the Ethereum Torch Commemorative NFT will be free for casting. As previously reported, Ethereum launched "The Torch" NFT to pay tribute to those who shaped the development of Ethereum in its first decade and the values that will help build Ethereum in the future. In the 10 days before the 10th anniversary of Ethereum, this The Torch NFT will be symbolically passed between wallets. On July 30, The Torch NFT will be destroyed to commemorate the 10th anniversary of Ethereum. On that day, everyone can mint a commemorative NFT.

Market

As of press time, according to CoinGecko data:

BTC price is $118,225, up 0.6% in 24 hours;

ETH price is $3,776.52, up 1.1% in 24 hours;

BNB price is $795.60, up 1.5% in 24 hours;

BTC price is $118,225, up 0.6% in 24 hours;

ETH price is $3,776.52, up 1.1% in 24 hours;

BNB price is $795.60, up 1.5% in 24 hours;

SOL price is 187.30 US dollars, up or down 24 hours +0.5%;

DOGE price is 0.2394 US dollars, up or down 24 hours +1.1%;

XRP price is 3.20 US dollars, up or down 24 hours +1.6%.

TRX price is 0.3141 US dollars, up or down 24 hours +1.4%.

Policy

▌Survey: US investors still view cryptocurrencies as "high-risk" assets

A Gallup survey found that only 14% of American adults hold cryptocurrencies, 60% of respondents said they had no interest in buying cryptocurrencies, and only 4% planned to buy in the near future. The survey also revealed clear demographic differences: young men and high-income earners are more likely to hold cryptocurrencies, while women, older people and low-income households have lower participation in the field. Despite the continued rise in cryptocurrency holdings, most Americans still view it as a high-risk investment, with 64% of US investors considering cryptocurrencies "extremely risky."

▌The U.S. Senate Banking Committee has launched a discussion draft on the CLARITY Act (Market Structure Act), proposing the concept of "affiliated assets" to clarify the specific meaning of the concept of digital assets, and seek to clarify how the U.S. Securities and Exchange Commission (SEC) should regulate digital assets. The public is invited to comment on the draft by early August. Last week, the House of Representatives voted to pass the CLARITY Act, which is still awaiting passage by the Senate and submission to Trump for signature. The White House crypto chief said last week that Trump will continue to support the passage of the CLARITY Act to fulfill his campaign promise to the crypto field. This week, the Senate Banking Committee clarified its efforts: focusing on the role of the SEC in the regulation of the crypto market. Rashan Colbert, U.S. policy director at the Crypto Council for Innovation, said the Senate's approach to legislation may differ from the House's process for passing the CLARITY Act, but he expects the Agriculture and Banking Committees to eventually coordinate on market structure legislation. Whichever bill passes, Democrats' opinions are crucial because the Senate needs 60 votes to pass a bill.

▌Many places have issued risk warnings to guard against scams disguised as "stablecoins"

Since July, financial management departments and industry self-regulatory organizations in many places have successively issued risk warning notices. As the concept of stablecoins heats up, some lawless elements have emerged as illegal activities under the guise of stablecoins, and their potential risks deserve high vigilance. Financial management departments and industry self-regulatory organizations in many places remind consumers that before investing and managing their finances, they must verify the legal qualifications of relevant institutions and products through the official channels of the national financial management department and choose licensed and formal financial institutions; fully understand the high complexity and volatility of digital currencies such as "stablecoins" and related innovative concepts, establish correct monetary concepts and rational investment concepts; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance and unapproved "digital asset" investment projects, and effectively protect personal property safety. (Economic Daily)

Blockchain Applications

▌Art Tokenization Platform Courtyard Completes USD 30 Million Series A Financing

Courtyard, a New York-based art tokenization platform, announced that it has completed USD 30 million Series A financing, led by Forerunner Ventures, with participation from ParaFi Capital, Y Combinator, NEA, Prelude, Burst Capital and others. It is reported that Courtyard is one of the projects in Y Combinator's incubation acceleration program, allowing investors to hold partial ownership of artworks by purchasing NFTs. The platform supports secondary market transactions of artworks, enhancing the liquidity of artworks.

Cryptocurrency

▌An independent miner successfully mined a Bitcoin block and received 3.154 BTC, equivalent to about $372,000

According to Cointelegraph, an independent miner successfully mined Bitcoin block 907283 and received a reward of 3.154 BTC, worth about $372,000.

▌About 310,000 ETH have been withdrawn from trading platforms in the past 72 hours

Crypto analyst @ali_charts released a chart analysis saying that in the past 72 hours, 310,000 ETH worth $1.15 billion have been withdrawn from trading platforms.

▌Uniswap front-end transaction fees have exceeded 56 million US dollars

According to DefiLlama data, as of July 26, Uniswap front-end transaction fees (income) reached 56.27 million US dollars.

▌The authorized issuance of USDT on the Solana chain has increased to 2.39 billion US dollars

Tether's official transparency page shows that the authorized issuance of USDT on the Solana chain has increased to approximately 2.39 billion US dollars (2,389,930,515.94 US dollars); it is currently the third largest blockchain in terms of USDT issuance, second only to Tron and Ethereum.

Important Economic Dynamics

▌Analyst: The era of parabolic bull markets and devastating bear markets is over

According to Mitchell Askew, a Bitcoin analyst at Blockware, Bitcoin will no longer experience a "parabolic" surge or a "devastating" bear market because the launch of Bitcoin spot ETFs has permanently reduced volatility and changed market dynamics. "BTC/USD before and after the launch of the ETF is almost like two completely different assets," Askew wrote on Friday. The chart he shared shows that Bitcoin price volatility has significantly weakened since the launch of the U.S. Bitcoin ETF in January 2024. The analyst said: "The era of parabolic bull markets and devastating bear markets is over. In the next decade, Bitcoin will steadily move towards $1 million with cyclical fluctuations of 'up-consolidation'. This road will be extremely boring, and all the 'tourists' will be washed out."

▌Financial Times: EU and US officials are engaged in intensive consultations on the eve of a key meeting between Trump and von der Leyen

Financial Times: EU and US officials are engaged in intensive consultations on the eve of a key meeting between Trump and von der Leyen.

▌Pakistan's Minister of State for Blockchain Affairs: Demographic structure will drive Pakistan's Bitcoin adoption to "leapfrog development"

According to Pakistan's Minister of State for Cryptocurrency and Blockchain Affairs Bilal Bin Saqib, Pakistan's demographic structure makes it a major catalyst for Bitcoin adoption, which is expected to allow the country to "leapfrog" beyond developed countries. "Global policy has shifted, not just in Pakistan, but around the world," Bin Saqib said in an interview. The Pakistani government began regulating cryptocurrencies in November 2024. The country has 40 million crypto wallets and is one of the "top five" countries in terms of cryptocurrency adoption, which the minister attributed to Pakistan's young population structure.

Golden Encyclopedia

▌What role do gold, oil, and BTC play in US reserves?

The U.S. government has long relied on gold and oil as reserve assets, but as Bitcoin has become increasingly popular among institutions, its potential role as a strategic reserve has significantly increased. While gold has historically been the backstop of the monetary system and oil remains an important economic and security asset, Bitcoin represents a new type of digital reserve that challenges the traditional financial paradigm. The United States has large gold and oil reserves, but its Bitcoin holdings are relatively small, mainly acquired through asset seizures. Gold, oil, and Bitcoin each exhibit unique liquidity and market dynamics, with gold being the most stable, oil driven by geopolitical factors, and Bitcoin characterized by high volatility and 24/7 accessibility. Gold, oil, and Bitcoin all play a strategic role in the global economy, with gold being a hedge and oil influencing geopolitical stability. All of these assets have strategic and macroeconomic significance over time. Their narratives related to the broader capital markets may be just what is needed to attract investor interest. As institutional adoption grows, Bitcoin's strategic value as a hedge against inflation and government debt is increasingly recognized. Policy initiatives suggest that establishing a strategic Bitcoin reserve could allow it to stand alongside traditional assets such as gold and oil in the future.