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Ethereum’s drop below $3,400 has erased its 2025 gains as crypto markets suffer over $1.1 billion in liquidations. With Bitcoin hovering near $100,000 and whales selling into weakness, traders fear the worst may not be over yet.
- 02:06Bitwise CIO: The crypto market is approaching an emotional bottom, and a new BTC all-time high within the year cannot be ruled outAccording to Jinse Finance, citing CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme despair," but institutions and financial advisors are still increasing their allocation to bitcoin. Bitcoin recently fell below the 100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that after this sentiment shakeout, bitcoin may bottom out, and it is possible for bitcoin to break through approximately 125,000 to 130,000 and reach a new all-time high within the year. After attracting over 400 million USD in its first week, the Bitwise Solana Staking ETF (BSOL) has since dropped about 20% along with the market.
- 02:05A major whale profited nearly $100 million by shorting multiple cryptocurrencies including ASTER, DOGE, ETH, and XRP.According to ChainCatcher, on-chain analytics platform Lookonchain (@lookonchain) has monitored that a trader known as the "Anti-CZ Whale" increased their $ASTER short positions after CZ posted a buy signal, currently accumulating over $21 million in unrealized profits across two wallets. This trader is also shorting multiple cryptocurrencies including $DOGE, $ETH, $XRP, and $PEPE, with all positions being profitable. The total profit on the Hyperliquid platform is now approaching $100 million.
- 02:05Solana Foundation President Lily Liu: On-chain native IPOs may be realized within a few yearsAccording to ChainCatcher, the Finternet 2025 Asia Digital Finance Summit, supported by OSL Group, was held today in Hong Kong. Lily Liu, President of the Solana Foundation, stated that Solana is promoting the creation of an "Internet capital market" and plans to achieve on-chain native IPOs in the coming years. She mentioned that Solana will also cooperate with institutions such as Western Union to deepen the application of blockchain in the payments and stablecoin sectors, and pointed out that the essence of blockchain is to serve as a technological platform for the financial system. She emphasized that the core of future financial infrastructure lies in "liquidity, speed, and cost." Lily further stated that if one is looking for stablecoins and financial infrastructure that can be used in the long term, two key elements must be considered: first, performance, and second, it must be decentralized.