ETH/BTC exchange rate hits a 3-month high, with Ethereum rebounding in performance relative to Bitcoin.
ETH/BTC trading pair has recently risen to a nearly three-month high, signaling Ethereum’s improving performance relative to Bitcoin. The ETH/BTC exchange rate gauges Ethereum’s strength against Bitcoin, not its U.S. dollar-denominated performance. Data shows ETH/BTC fell by roughly 80% cumulatively between 2021 and 2025, staying in a long-term weak position. As ETH/BTC rebounds recently, the market is starting to focus on whether Ethereum is entering a recovery trend relative to Bitcoin. Analysts point out that the rise in ETH/BTC usually reflects higher investor risk appetite and improved market outlooks for Ethereum’s ecosystem, application demand, and future growth prospects.
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Swiss crypto bank AMINA explores listing, with Cantor serving as its advisor.
Swiss digital asset bank AMINA is partnering with Wall Street financial institution Cantor to evaluate potential paths for a future public market listing. Insiders disclosed that AMINA previously considered going public via a SPAC or other methods, but now leans toward a reverse merger with Digital Asset Treasury (DAT). However, related discussions are still ongoing, and no final decision has been reached. AMINA noted that its current priority is securing capital to support strategic growth, rather than simply pursuing a quick listing; an IPO may still be an option in its next phase. Founded in 2018, AMINA was formerly SEBA Bank and rebranded in 2023. Regulated by Switzerland’s Financial Market Supervisory Authority (FINMA), it is one of the few licensed banks focused on the digital asset space, offering crypto asset trading, custody, staking, and lending services, with operations now expanded to the UAE, Hong Kong, and India. In recent years, as crypto firms including Circle, Bullish, and Gemini have successively entered the capital markets, the industry has witnessed a new wave of IPO activity. As of the end of 2025, AMINA holds 74.6 million Swiss francs in tier 1 capital, with cumulative financing totaling approximately $245 million.
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Fanatics Acquires Regulated Trading Platform, Bets on Accelerated Expansion of the Prediction Market Segment
US sports retail giant Fanatics announced it has agreed to acquire BGC Group’s Water Street Labs and CX Clearinghouse, gaining a federally regulated exchange and clearinghouse to build and operate its own prediction market business. The deal will enable Fanatics to independently issue and settle event contracts, enhancing its control over the design and launch speed of prediction market products. The two sides also plan to develop new market data products combining prediction market trading data with traditional financial data. Prediction markets have grown rapidly in recent years, expanding their trading scope from election results to areas such as inflation, sports events and financial events. Industry representatives include CFTC-regulated Kalshi and blockchain-based Polymarket. Fanatics aims to leverage its massive sports user base to popularize prediction markets. Its own Markets platform launched at the end of 2024, currently covering 23 U.S. states and 4 overseas regions. Additionally, Coinbase has partnered with Kalshi to offer prediction market services to users nationwide, Robinhood has also rolled out event contracts, and sports betting platform DraftKings previously announced plans to enter the prediction market space.
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Bitcoin and Ethereum ETFs see $329.91M daily outflows, turn positive weekly
July 27 Update: #Bitcoin ETFs: 1D NetFlow: -3,824 $BTC(-$246.68M)?? 7D NetFlow: +253 $BTC(+$16.65M)?? #Ethereum ETFs: 1D NetFlow: -43,284 $ETH(-$83.23M)?? 7D NetFlow: +46,190 $ETH(+$88.82M)??
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ASML and Beis Semiconductor stocks hit limit down, China's independently developed DUV lithography machine enters mass production, ChangXin may be among the first batch of application clients.
Amsterdam-listed ASML and Besi Semiconductor triggered automatic trading halts after their shares fell between 8% and 8.7%. According to a report by The Information citing people familiar with the matter, a company backed by Chinese state-owned capital has begun mass-producing independently developed DUV (deep ultraviolet) lithography equipment, a key milestone in China’s semiconductor industry’s push for domestic substitution. The firm plans to manufacture around 5 DUV lithography machines in 2026, expanding output to roughly 20 units in 2027. While a significant capacity gap remains with Dutch lithography giant ASML, which delivered 131 immersion DUV lithography systems last year, the mass production of domestically developed DUV equipment marks a further step toward self-reliance and control in China’s chip manufacturing supply chain. Sources added that these domestic DUV lithography machines are scheduled for delivery to major Chinese chip makers, including Semiconductor Manufacturing International Corporation (SMIC), Hua Hong Semiconductor, and memory chip supplier Changxin Memory Technologies.
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SanDisk fell nearly 13%, SK Hynix dropped over 8%, US storage concept stocks plunged collectively.
According to market data from BIT (bit.com), US-listed storage concept stocks have fallen sharply, with details as follows: SanDisk (SNDK) down 12.92%, Western Digital (WDC) down 8.62%, Seagate Technology (STX) down 6.89%, Micron Technology (MU) down approximately 6.59%, and SK Hynix (SKHY) down 8.57%.
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