BlackRock ETHA has accumulated a net inflow of $3.524 billion since its listing, holding 1.07 million ETH

According to BlockBeats, on July 11th, Sentora (formerly IntoTheBlock) announced that Ethereum (ETH) is once again approaching the $3000 mark, which was last seen in February of this year. As prices rise, on chain data shows almost no significant resistance before $3100. However, once this level is reached, it may trigger some selling pressure, as 4.1 million ETH addresses will achieve breakeven after about six months of losses.

According to the latest report from Glassnode, on chain analysis shows that the market supply continues to tighten, volatility is compressed, and accumulated pressure is significant. The supply of long-term holders continues to grow, with small investors seeing a net increase of 19300 BTC per month, far exceeding the monthly issuance of 13400 BTC. In addition, about 19% of the circulating supply is concentrated within the range of ± 10% of spot prices, indicating that the market is sensitive to short-term price fluctuations. In terms of ETFs, the total asset management scale of US Bitcoin spot ETFs has reached a new high of $137 billion, accounting for 6.4% of the total market value of Bitcoin. Among them, BlackRock's IBIT holds 55% of the market share and has become the dominant force. Its cost benchmark is close to the market average and active investor prices, further strengthening the impact of ETFs on market psychology and price discovery. The report points out that although ETF inflows have slightly slowed down recently, the long-term trend remains strong, indicating robust institutional demand. The market is facing supply constraints and the accumulation of volatility, which may lead to significant price fluctuations.

BlockBeats News: On July 11th, Cryptoquant analyst Crypto Dan announced that Bitcoin broke through a historic high today and the market is experiencing a strong upward trend. Unlike the previous trend dominated by the US trading platform Coinbase Whale, this round of rally was driven by a Whale on Binance platform. This move coincides with the breakthrough of a historical high, indicating that the giant whale may intend to continue driving the market higher.

Odaily Daily News: According to the OKX page, the real-time annualized interest rate for USDT lending on the exchange has risen to 53%.

BlockBeats News: On July 11th, the USD1 1M incentive event jointly organized by World Liberty Financial (WLFI), BNB Chain, PancakeSwap, and BUILDon announced the results today. Lorenzo was recognized for his innovative practices in promoting USD1 applications and ecological expansion, and was selected as the winning project of the "Existing BSC Projects" track. As an official partner of WLFI for USD1 investment and wealth management, Lorenzo recently launched USD1+OTF, which uses USD1 as a unified settlement currency and upgrades stablecoins from "payment tools" to "income engines" for the first time. It has also become a liquidity deployment portal for USD1 and continues to expand its application scenarios through the issuance of wealth management product tokens, further opening up new growth spaces such as asset management, trading, and protocol integration, and helping USD1 become a core income asset in the on chain US dollar system. Lorenzo USD1+OTF (On chain Traded Fund) is currently available on the BNB Chain testnet, pioneering on chain stablecoin revenue products that integrate RWA, quantitative trading, and DeFi strategies to create a realistic and sustainable revenue model.