FOLD Surges Over 67% Shortly After Listing on Upbit

Prominent crypto trader Killa posted that Bitcoin has formed its bottom, with its price having reclaimed the cost basis of short-term holders. Previously, when Bitcoin was trading at $65,000, he stated: "Once it reclaims $67,400, trades in the mid-$75,000 range, and holds above the short-term holder cost basis, a bottom will have formed." However, Killa noted that before Bitcoin can target a rise to $90,000, it first needs to break through the $80,000 to $83,000 range.

According to on-chain analyst Yu Jin’s monitoring, the address of F2Pool co-founder Wang Chun may have sold some ETH during the three-day rally to lower leverage. The address first transferred 12,765 ETH (valued at around $28.73 million) to Binance, then withdrew 87.68 million USDC to repay its loan on Spark. Currently, the address still holds approximately 65,000 ETH (worth about $159 million) and 1,000 WBTC (valued at roughly $77.18 million) on-chain.

Morgan Stanley’s stock research team conducted an annual survey of over 500 North American summer interns, with most respondents aged 21 or younger. More than a quarter of the interns reported using prediction market apps over the past year, with Kalshi and Polymarket being the most common choices; 55% of these users simultaneously used multiple betting applications. Prediction markets in the U.S. are facing increased scrutiny, with several states having taken legal or regulatory measures against related platforms. Morgan Stanley’s employee code of conduct covers trading and investment matters, including prediction markets, though insiders did not disclose further details. A separate national survey found that 21% of U.S. adult respondents have used prediction market platforms, rising to 37% among 18-to-34-year-olds. On the AI front, 68% of interns use AI tools daily, up from 35% last year and 14% in 2024; around 70% pay for paid AI tools out of pocket, an increase from 52% last summer. Meanwhile, 61% of respondents worry AI will replace finance jobs, and 74% fear job displacement in other industries. Over 60% expressed interest in using humanoid robots at home, with 10% saying they might become early adopters.

According to on-chain analyst Ai Yi (@ai_9684xtpa), wallet address 0xc71…30F02 has reactivated after 8 months of dormancy, building a $5 million ETH position. The address bought 2,447.49 ETH in a single transaction via Tokenlon 40 minutes ago, spending 5.044 million USDT at an average cost of $2,447.49 per ETH. It had previously taken profits on ETH at $3,016 nine months ago.

U.S. spot Bitcoin and Ethereum ETFs saw a combined net inflow of $2.6 billion this week, marking the highest level since October 2025. Of that total, spot Bitcoin ETFs pulled in $1.9 billion, while spot Ethereum ETFs took in $697.2 million. Both products recorded their largest weekly net inflows since 2026. This reversed the combined net outflow of $392 million from the prior week, representing a weekly fund swing of roughly $3 billion. Combined trading volume for the two ETFs rose to $29 billion, more than tripling from the previous week. Spot Bitcoin ETFs’ weekly trading volume surged from $6.9 billion to $22.1 billion, a jump of over 219%, while their combined net asset value (NAV) increased from $76.6 billion to $96.1 billion. The cumulative net inflow into spot Bitcoin ETFs since their launch has hit $53.7 billion. For its part, spot Ethereum ETFs notched their largest weekly net inflow since the week of October 3, 2025.

According to Lookonchain’s monitoring, whale address 3NVeXm transferred 2,555 BTC to Binance 13 hours ago, worth approximately $197 million.