Trump's Son Invests in Social Media Company Thumzup Holding Cryptocurrency Reserve

On July 10th, as monitored by on-chain data analyst Yu Jin, with the rise in the ETH price, the [Three-Battle 100% Win Rate Whale] closed out its short position after the ETH price broke above its entry price. From opening a short position and achieving a peak unrealized gain of $22.83 million to ultimately incurring a loss of $0.71 million. During this ETH shorting process, the address experienced an "extremely steep" rollercoaster. The address opened a short position for 50,000 ETH on June 11th and had been holding the short position ever since. When ETH dropped to $2,200 on June 23rd, the position reached a peak unrealized gain of $22.83 million. Until today, when the ETH price rose above its entry price (around $2,725), it liquidated the entire 50,000 ETH position at a price of $2,740, resulting in a loss of $0.71 million. This broke its perfect record but still maintained an overall profit of $4.88 million from ETH.

On July 10, as per the monitoring of Farside Investors, the net inflow of REX-Osprey Solana Spot ETF yesterday was $33.5 million. After that, the ETF has now amassed a net inflow of $74.7 million.

On July 10th, based on alternative data, the Crypto Fear and Greed Index today is 71 (yesterday it was 66), suggesting a rising "greed" sentiment in the market. Note: The Fear and Greed Index has a threshold ranging from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

On July 10th, according to HTX market data, with Bitcoin reaching a new all-time high, altcoins are generally experiencing a price increase. These include: - BANANAS31 with a 24-hour change of +26.8% and currently trading at $0.0245 (ATH). - MAGIC with a 24-hour change of +19.28% and now trading at $0.1986. - SATS with a 24-hour change of +19.3% and 1000SATS now trading at $0.0000458. - Another instance of MAGIC with a 24-hour change of +19.28% and currently trading at $0.1986. - ETHFI with a 24-hour change of +15.15% and now trading at $1.078. - AIXBT with a 24-hour change of +13.92% and now trading at $0.1449. - WIF with a 24-hour change of +13.21% and now trading at $0.96. - BB with a 24-hour change of +12.4% and now trading at $0.0879. - COMP with a 24-hour change of +12% and now trading at $45.96.

On July 10th, Trader Eugene Ng Ah Sio made a post on his personal channel and said, "We are at the final stage before a real acceleration in price... Ideally, what we need to see is a clear indication of a breakout above $115,000 with a considerable volume. Only then can such a trend be definite. At present, we are not completely out of the difficulties, but the market outlook is rather optimistic."

On July 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is only in a neutral state and not entirely bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (it was previously below 0.01% for a period), and on some exchanges, certain trading pairs have even shown a negative rate (indicating a greater number of short positions). The specific funding rates for mainstream coins are shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund transfer mechanism between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represe