News

Foresight News reports that Arthur Hayes stated in a post that, at the very least, the market believes the U.S. tariff bill will expire in the third quarter following the release of non-farm payroll data. He noted that no major economy is able to create credit quickly enough to boost nominal GDP. As a result, Bitcoin will test $100,000 and Ethereum will test $3,000.

Foresight News reports that Bitget Onchain Trading has listed MEME tokens ZEUS, BONKPUTER, BSTR, Bubble, JUGS, COMET, and AiMau from the Solana and BNB Smart Chain ecosystems. Users can start trading these tokens directly in the onchain trading section.

Bitget Onchain Trading aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure onchain trading experience. Users can trade popular onchain assets directly using their Bitget spot accounts (USDT/USDC). Currently, it supports major public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base.

Foresight News reports that Bitget PoolX will launch the AIO project, allowing users to lock up AIO tokens to unlock 500,000 AIO. The maximum lock-up limit is 12,500,000 AIO, and the lock-up period runs from August 2 at 18:00 (UTC+8) to August 9 at 18:00 (UTC+8). In addition, the AIO trading channel will open on August 2 at 18:00 (UTC+8).

Foresight News reports that privacy wallet infrastructure platform Privy has announced that Base sub-accounts are now available through its embedded wallet. This means users can create app-specific wallets under their Base account, eliminating the need to enter a password for each signature. Each application will have its own separate transaction history, optional spending permissions, and access to funds from the main wallet.

Foresight News reports that Nasdaq-listed Trump Media & Technology Group (DJT) has released its financial results for the period ending June 30, 2025. The report reveals that as of the second quarter of this year, the company’s financial assets reached approximately $3.1 billion, including cash, cash equivalents, restricted cash, trading securities, and short-term investments—an increase of about 800% year-over-year. The primary driver of this growth was the company’s fundraising of nearly $2.4 billion for its Bitcoin treasury strategy, and by July of this year, it had accumulated around $2 billion in Bitcoin and Bitcoin-related securities, making it one of the largest publicly traded companies in terms of Bitcoin holdings.

Additionally, the company disclosed that Truth+ plans to launch a rewards program and embed a utility token within its digital wallet. This token will initially be used to pay for Truth+ subscription fees and will later be available for use across other products and services within the Truth ecosystem. The company has also filed multiple ETF registration statements, including the Truth Social Crypto Blue Chip ETF, Truth Social Bitcoin and Ethereum ETF, and Truth Social Bitcoin ETF.

Foresight News reports, citing CoinDesk, that Tom Lee, Chairman of Ethereum treasury company BitMine Immersion (BMNR) and co-founder of Fundstrat, stated in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this rally, which is precisely the key driver for further gains in crypto assets. Lee pointed out that since 2020, investors have repeatedly underestimated each market recovery, and he described the current rebound, which began in April, as "the most underestimated V-shaped reversal in history." He noted that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technical stability make it the preferred platform for Wall Street to advance tokenization.

BitMine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is moving forward with a $1 billion share buyback plan, aiming to accumulate 5% of the ETH supply. At the same time, Lee predicts that the upcoming Fed rate cut cycle could push Bitcoin to $250,000. He believes that ETH is currently priced at $3,700, but based on network fundamentals, its fair value should be $15,000, emphasizing that "we are not at the top yet, we are just in the middle of the cycle."

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the whale "Set 10 Big Goals First" closed out ETH and BTC short positions for profit an hour ago, with total gains reaching $7.494 million: $6.217 million from BTC and $1.277 million from ETH.