ETH falls below the $3100 mark

On July 4th, according to Cointelegraph, multiple Bitcoin mining companies reported a decrease in Bitcoin production in June, mainly due to power restrictions in Texas. The Texas Electric Reliability Commission has launched the 4CP (Four Coincident Peak) program to optimize power distribution and reduce system costs by managing peak demand on the grid during the four critical months of summer (June, July, August, and September). Riot Platforms mined 450 bitcoins in June, a decrease of 12% from 514 in May. Riot sold 397 BTC in June, earning $41.7 million, and currently holds 19273 bitcoins. Cipher Mining mined 160 bitcoins in June, sold 58 of them, and held 1063 bitcoins. MARA Holdings' production decreased by 25% in June, with mining yielding 211 bitcoins, down from 282 in May. As of the end of June, MARA held 49940 bitcoins and did not sell any bitcoins during the month. At the same time, CleanSpark's Bitcoin production increased by 6.7% in June, exceeding its mid year computing power target of 20 EH/s. CleanSpark generated 445 bitcoins through mining, but only sold 8. As of the end of the month, it held 6591 bitcoins.

According to Yahoo Finance, 10x Research data shows that over the past year, Bitcoin holders (or "whales") have sold more than 500000 bitcoins, worth over $50 billion at current prices. This is roughly equivalent to the net inflow into these funds since the approval of ETFs in the United States. Despite the whales reducing their holdings, ETFs, fund management companies, and other institutions have collectively absorbed nearly 900000 bitcoins in the past year. These institutions currently hold approximately 4.8 million bitcoins, with a total of around 20 million bitcoins in circulation.

Odaily Planet Daily News on July 4th, according to SoSoValue data, influenced by various factors such as unexpected non farm payroll data in June, most of the cryptocurrency market sectors maintained a slight upward trend. Among them, Bitcoin (BTC) rose 0.47% in 24 hours, maintaining around $109000, and Ethereum (ETH) rose 0.41%, oscillating narrowly at the $2600 mark. In addition, the NFT sector rose 1.92%, and within the sector, Pudgy Penguins (PENGU) rose 6.78%; The Meme sector rose 1.58%, Bonk (BONK) rose 3.70% again, and Fartcoin (FARTCOIN) rose 6.72%. In terms of other sectors, the PayFi sector rose by 0.56% in 24 hours, with Litecoin (LTC) and Stellar (XLM) rising by 1.31% and 1.76% respectively; Layer 1 sector rose by 0.32%, with Cardano (ADA) and Sui (SUI) rising by 1.77% and 4.30% respectively; DeFi sector rose 0.10%, Uniswap (UNI) rose 3.02%; The CeFi sector rose 0.08%, the Layer2 sector fell 0.55%, but Celestia (TIA) remained relatively strong, rising 1.43% in 24 hours. The crypto sector index reflecting the historical market trend of the sector shows that the ssiNFT, ssiMeme, and ssiDeFi indices rose 2.21%, 1.48%, and 0.91% respectively in 24 hours. https://(sosovalue.com)/shares/5qsrOU

Odaily Daily News: According to the market, Bitmine's closing price yesterday was $135, which is more than 30 times higher than the closing price of $4.26 the day before the announcement of the Ethereum reserve strategy. Previously, BitMine Immersion Technologies, a publicly traded company on the New York Stock Exchange, announced pricing and signed a private placement agreement to purchase and sell 55555556 ordinary shares at a price of $4.50 per share, with an expected fundraising of $250 million to launch ETH's financial strategy.

Odaily Planet Daily News: Sunil, the representative of FTX creditors, stated in an article on X platform that FTX is seeking legal advice to distribute to restricted foreign jurisdictions. But if it is determined that the user belongs to a restricted foreign jurisdiction, the claim will be disputed, and if the issue is not resolved, the user will lose their distribution rights. Sunil stated that 5% of the claims involve restricted countries, and 82% of the claim funds belong to Chinese users.