Suspected Matrixport Address Withdraws Another 10,000 ETH from Binance, Totaling Over 50,000 ETH Withdrawn in the Last 2 Days

On July 4th, former Ethereum core developer Eric Conner recently composed an article and enumerated the three major impetuses for Ethereum's breakout. Stablecoins continuously infusing dollars into Ethereum: It has witnessed 21 months of continuous growth, and the monthly transaction volume is now on an equal footing with Visa. Stablecoins act as the on-chain cash engine, driving the continuous demand for ETH block space. On the other hand, in June alone, the net inflow of spot ETH ETF reached $1.17 billion. Fund managers anticipate that the size of the ETH ETF in the second half of 2025 will be several times this level. Finally, the CEX balances have dropped to only 9 million ETH, which is the lowest level since 2015. Eric Conner pointed out that Ethereum has been fluctuating between $2400 and $2600 for weeks, with decreasing volume and quietly forming higher lows. Prolonged consolidation periods usually lead to sharp fluctuations. Therefore, if ETH firmly breaks above $2600, the

On July 4th, the Nasdaq-listed company DeFi Development Corp. (with the Nasdaq code: DFDV) declared the acquisition of 17,760 SOL, which is approximately worth $2.7 million. After this transaction, DeFi Development Corp. currently holds approximately 640,585 SOL and its equivalents, including staking rewards, and the total value amounts to around $98.1 million. On July 2nd, DeFi Development Corp. (with the Nasdaq code: DFDV) raised $100 million through convertible notes in order to further augment its SOL holdings and repurchase company stocks.

On July 4th, according to official channels, Ronin has entered into a partnership with the card trading showcase platform Drip to launch the Pokémon Slab NFT series. As per the announcement, each NFT within the Pokémon Slab collection symbolizes a physical Pokémon card. By redeeming the NFT via Drip, the physical card will be dispatched to the user's designated location.

On July 4th, Binance's new Alpha CROSS token was launched. Currently, it is trading at $0.053. According to an allocation of 500 tokens per person, the immediate profit would be $26.50.

On July 4th, based on on-chain information, the smart money that previously liquidated its long position in Bitcoin and added to its long position in SOL has just 25x longed ETH on Hyperliquid. It holds 2638.7103 ETH, with a position value of $6,715,253.84 and an entry price of $2,545.74. This smart money has accumulated a total profit of $15.92 million on Hyperliquid and a weekly profit of $7.62 million.

On July 4th, David Sacks, the White House Cryptocurrency and AI Czar (referred to as the "Crypto Tsar"), posted that the week starting from July 14th is Cryptocurrency Week in the House of Representatives. The "GENIUS Act" is about to be submitted to the President. Meanwhile, the "CLARITY Act" (U.S. Cryptocurrency Market Clarity Act) is also scheduled to be delivered to the Senate.