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Thiel’s Ether Bets Pay Off as Ethereum Gains Wall Street Traction
Thiel’s Ether Bets Pay Off as Ethereum Gains Wall Street Traction

Billionaire Peter Thiel's investment firms have generated substantial paper gains from ether's recent surge, betting on Ethereum becoming Wall Street's preferred blockchain platform for financial services.

BeInCrypto·2025/08/22 02:22
$780 Million Treasury Boost Positions TON for Potential Bull Market
$780 Million Treasury Boost Positions TON for Potential Bull Market

TON has garnered significant institutional support with a $780 million treasury boost, including Verb Technology’s $713 million stake in Toncoin. Alongside this, the integration of TON staking into Ledger Live offers millions of users easy access to staking, fueling growing optimism for TON’s future as it positions itself for the next major crypto rally.

BeInCrypto·2025/08/22 02:11
Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook
Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook

Bitcoin’s price struggles to hold above support levels as miners offload reserves and institutional ETF outflows rise. Continued selling pressure could push BTC to $107,000 unless new demand re-emerges.

BeInCrypto·2025/08/22 01:35
Flash
15:08
Machi Big Brother earns 5x profit in two days by longing ETH
Foresight News reports that, according to Arkham monitoring, "Maji Big Brother" earned 5 times profit by going long on ETH within two days. The funds in his trading account increased from 40 thousand dollars less than 48 hours ago to 500 thousand dollars. "Maji Big Brother" sold a total of 3 Bored Ape NFTs to go long on ETH.
15:03
OPEC oil production surged last month, but remains significantly below pre-U.S.-Iran conflict levels
July 3 news, according to an investigation, after the United States and Iran reached a peace agreement, Persian Gulf member countries resumed exports through the Strait of Hormuz, and the Organization of the Petroleum Exporting Countries (OPEC) saw a significant increase in crude oil production last month. The investigation shows that OPEC crude oil output increased by 2.34 million barrels per day to 18.75 million barrels per day, with the main increase coming from Kuwait, Saudi Arabia, and Iran. Nevertheless, production is still significantly below pre-war levels. If adjusted for the withdrawal of the United Arab Emirates, OPEC's June output is still 7.3 million barrels per day lower than the February level, a decrease of 28%.
14:59
Solana Achieves $4.84 Billion in Spot Trading Volume for Tokenized Stocks This Quarter
On July 3, it was reported that Solana broke multiple records in trading, revenue, and trading volume in the second quarter of 2026. In the tokenized stock sector, Solana's spot trading volume reached $4.84 billion this quarter, capturing over 96% market share. This volume far exceeded that of all other blockchains combined, marking the fourth consecutive quarter that Solana has led this sector, solidifying its dominant position. In terms of decentralized application revenue, the total dApp revenue for this quarter was $257 million, maintaining its lead over all Layer 1 and Layer 2 blockchains for the ninth consecutive quarter. Despite competitive pressure from peers, the enthusiasm of ecosystem developers and actual user demand remains strong. On-chain trading activity has surged, with daily, weekly, and monthly trading volumes all hitting new highs. The total number of non-voting transactions for the quarter approached 9.8 billion, with the overall network transaction volume rising to 59%, reaching an eleven-month high. The perpetual futures trading scale has seen a significant surge, with nominal trading volume for the quarter reaching $183 billion. GMTrade, Pacifica, and Jupiter were the main sources of trading volume, with GMTrade showing impressive growth in asset locking, cumulative trading volume, and protocol fees. The Phoenix platform also gained market recognition with its new features. Meanwhile, the Solana Foundation has proactively reduced its staking holdings, with the staking scale dropping to 4.92% of the total network staking, aiming to weaken its control over network validation and promote the decentralized and mature development of the validator ecosystem. Overall, even though the market is generally perceived to be at the bottom of a bear cycle, Solana's various innovative businesses and fundamental on-chain data are rising against the trend. If this quarter indeed marks the low point of the current market cycle, the existing performance will lay a solid foundation for long-term growth. The article also briefly mentions developments related to Solana's on-chain governance, the Grass rewards controversy, and future plans of the foundation's executives.
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