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Former Ethereum Core Developer: Stablecoin Narrative, ETF Inflows, CEX Balances at New Lows to Trigger Ethereum Price Explosion

6 hours ago

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 trend may be rapid and intense.
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ZachXBT: Brazilian Central Bank Service Provider C&M Software Hacked, Loses $140 Million, Hacker Converts Some of the Loot to Cryptocurrency

On July 4th, the cryptocurrency detective ZachXBT shared in a post on his personal channel that "Undoubtedly, one of the most astonishing cases in 2025 was the recent cyber attack against Brazil's central bank service provider C&M Software, leading to a loss of approximately $140 million (800 million reais)." "On June 30th, 2025, six financial institutions became victims of unauthorized access. The attackers gained access to their reserve accounts at the central bank. Then, the hackers converted fiat currency into BTC, ETH, and USDT through over-the-counter (OTC) desks and cryptocurrency exchanges in the Latin American region. It is estimated that at least $30 to $40 million was converted into cryptocurrency." "According to the subsequent disclosures by Brazilian law enforcement, the hackers only paid around $2,760 (15,000 reais) to purchase the company login credentials from an employee of C&M Software. I have been helping with tracking the funds, freezing accounts, and identifying

5 minutes ago

A certain whale buyer is set to increase their holdings by 8000 BTC, having reached a transaction agreement with the Founder of Alpine Fox LP.

On July 4th, Mike Alfred, the founder of Alpine Fox LP, announced that "a super whale buyer got in touch with me in the past hour, and we have reached an agreement on a negotiated transaction involving more than 8000 bitcoins." "This will lead to a reduction in the selling pressure on the open market. The Bitcoin price is expected to gradually rise next Monday. Thank you all for your attention to this matter."

5 minutes ago

14-Year Dormant Bitcoin Whale Holds 13.4% of Supply, 6.35% of Satoshi's Holdings, Totaling $7.55 Billion

July 4th. According to the crypto analyst AI Auntie ai_9684xtpa, the previously inactive 14-year-old Bitcoin "Whale" Miner, whose Bitcoin holdings make up 13.4% of the Strategy's holdings, has recently come to life. This position is equivalent to 6.35% of Satoshi Nakamoto's holdings. Their cost base is as low as $0.76, and the profits are more than 140,000 times. The value of these 80,000 BTC is $7.55 billion, while Binance's BTC spot trading volume in the past 24 hours is $1 billion.

5 minutes ago

Bitcoin Surges Above $108,000

On July 4th, according to HTX market data, Bitcoin experienced a rebound and exceeded $108,000. The 24-hour decline was narrowed to 1.73%.

5 minutes ago

The "Whale Insider" Bitcoin Short Position has now turned from loss to profit

On July 4th, according to the monitoring of crypto analyst AI Auntie ai_9684xtpa, as Bitcoin dropped below $108,000. Under the continuous buying assault in the past half hour, the "Insider Whale" Bitcoin short position has now changed from a loss to a profit. Currently, it is holding a short position of $45.47 million with an opening price of $107,806.6, and the floating profit is $50,000.

5 minutes ago

Ethereum briefly drops below $2500

On July 4th, based on HTX market data, Ethereum briefly fell below $2500, with a 24-hour decline of 4.26%.

5 minutes ago

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