Ethereum Surges Past $2800, 24-hour Gain of 5.54%

On July 11th, based on Coinglass data, within the past 24 hours, the total liquidation across the network amounted to $1.24 billion. The long liquidations totaled $126 million, while the short liquidations totaled $1.114 billion.

On July 11th, according to Coingecko data, there was a general increase in the cross-chain communication sector. These included: OMNI with a 24-hour price increase of 207.2% and currently trading at $4.55; HYPER with a 24-hour price increase of 95.17% and currently trading at $0.5418; AXL with a 24-hour price increase of 15.55% and currently trading at $0.3886; ZRO with a 24-hour price increase of 15.52% and currently trading at $2.225; W with a 24-hour price increase of 16.13% and currently trading at $0.0799.

On July 11th, according to HTX market data, Bitcoin exceeded $11,800 and reached a new all-time high, with a 24-hour price increase of 6.25%.

On July 11th, according to HTX market data, Ethereum briefly rose above $3,000, experiencing a 24-hour gain of 7.67%.

On July 11th, Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, made it clear in a post that the news today about "the Ethereum Foundation selling 1210 ETH" is not accurate. The actual seller is the spin-off entity of the Ethereum Foundation, Argot Collective (a non-profit development group).

On July 11th, according to HTX market data, the market capitalization of NEIRO has witnessed a surge of over 57% in the past 24 hours. It is currently trading at $0.1433, with a market cap of $138.91 million. Previously, according to EmberCN's analysis, Trend Research, a subsidiary of LD Capital, not only holds 173,000 ETH but also controls the majority of the meme coin NEIRO, accounting for 64.25% of the total supply. BlockBeats reported earlier today that the cumulative amount of ETH purchased and hoarded by Trend Research under LD Capital is 182,000 ETH, with a weighted average price of approximately $2250. With ETH currently at the $3000 level, their ETH holdings are enjoying an unrealized profit of up to $130 million.