News

1. The proposal to make WLFI tokens transferable is now open for community voting, with a current approval rate of 99.93%;2. Bank of Korea Governor Rhee Chang-yong: It is necessary to introduce a won-based stablecoin, but caution is required;3. PUMP's pre-market price briefly surged to $0.0097, currently trading at $0.005;4. Truth Social will launch a utility token;5. Messari: Total crypto industry financing in Q2 2025 fell 20% quarter-on-quarter to $5 billion;6. "E Guard" has increased its long position in SOL, now holding 80,000 SOL;7. After not adding another $400 million position, AguilaTrades is gradually recovering, with BTC long positions showing an unrealized profit of $6.87 million;8. Sharplink Gaming increased its holdings by 5,072 ETH, with total holdings exceeding 210,000 ETH;9. Bitcoin spot ETFs saw a net inflow of $218 million yesterday, marking five consecutive days of net inflows;10. Infinity Ground announced it has secured $15 million in strategic investment from the Awaken Foundation.

According to ChainCatcher, citing a report from CoinDesk, Markus Thielen, founder of 10x Research, noted in a client report on Thursday that since late April 2025, inflows into Bitcoin ETFs have surged, mainly due to pressure on the Federal Reserve from figures such as Trump. Trump has publicly called on Chairman Powell to cut interest rates to 1% and resign, while Federal Housing Finance Agency Director Bill Pulte and Senator Cynthia Lummis have also urged Powell to step down. Meanwhile, minutes from the Fed’s July meeting show growing divisions among officials over policy. Continued ETF inflows and mounting pressure for rate cuts have forced previously hesitant traders back into the market, fueling a resurgence in bullish momentum for cryptocurrencies. Thielen stated that since mid-April, Bitcoin ETFs have purchased $15 billion worth of Bitcoin, with buying activity uninterrupted. This steady demand is compelling traders to re-enter the market. Combined with July’s seasonal performance and macro catalysts, the market still supports further upside.