Bitcoin Surges to New High, $448 Million Liquidated Across the Network in the Last 12 Hours

On July 10th, according to glassnode data, the 24-hour futures trading volume of Ethereum reached $621 billion, exceeding that of Bitcoin which was $617 billion. glassnode pointed out that this situation is quite rare. "It indicates a shift in traders' attention and positioning prior to a potential ETH-specific catalyst."

July 10th: Regarding Bitcoin's breaking of a new high, Sid Powell, the CEO and Co-Founder of the crypto asset management company Maple, stated that whether Bitcoin's upward trend can continue mainly depends on the macroeconomic situation and any new developments in the trade sector. He believes that if trade talks encounter difficulties before the August 1 deadline for Trump's trade agreement, it may bring more resistance to Bitcoin. However, if the trade agreement makes further progress and low inflation data leads the Fed to restart key interest rate cuts, it may support the continuous upward trend of Bitcoin. In addition, John Glover, the Chief Investment Officer of the crypto lending platform Ledn and the former Managing Director at Barclays Investment Bank, stated, "Currently, Bitcoin seems to be only retesting the previous all-time high from May 22nd and facing selling pressure at that level." (Jinse)

On July 10th, based on the information on the relevant page, the probability on Polymarket that "FDV will exceed $4 billion on the first day of listing on Pump.fun" has increased to 84%, and the probability of exceeding $5 billion is reported to be 75%. As of the time of this writing, there is $134,000 staked in this prediction.

On July 10th, on the digital asset platform Bullish, it was announced that they had entered into a partnership with the Solana Foundation. This partnership will utilize the Solana native stablecoin for the exchange's custody, payment, trading, and settlement services. The two parties have the goal of building efficient and low-cost on-chain financial infrastructure. By combining Bullish's deep liquidity with Solana's high-speed network advantage, they aim to achieve better results. Bullish plans to gradually introduce Solana technology to support payments and future product innovation.

On July 10th, based on Hyperliquid market data, PUMP was launched 6 hours ago in the pre-market. Currently, the trading volume is $64.19 million and the open interest is $36.25 million. The current pre-market price of PUMP is $0.005248.

On July 10th, as per official channels, Binance is set to support the League of Kingdoms (LOKA) token swap and rebranding initiative to Arena-Z (A2Z). Consequently, Binance will halt trading and remove all existing LOKA spot trading pairs (LOKA/BTC and LOKA/USDT) at 11:00 (UTC+8) on July 28, 2025, and will automatically cancel all orders. The A2Z/BTC and A2Z/USDT spot trading will commence at 16:00 (UTC+8) on July 30, 2025. Furthermore, Binance will suspend the deposit and withdrawal services for the old LOKA token at 11:30 (UTC+8) on July 28, 2025.