VC Roundup: Investments in Web3 startups top $1B in July

Click on the link to enter the meeting: https://meeting.tencent.com/p/3085908645 Today's main news: 1. Overall market collapse pressure: The cryptocurrency market has experienced a flash crash like adjustment, mainly influenced by macro factors: strong US employment data, weakened expectations of Fed interest rate cuts, leading to a collective pullback of risk assets (including the stock market and cryptocurrency). ETH, as the second largest cryptocurrency, followed BTC's sharp decline and short-term leveraged long positions were heavily squeezed (Coinglass data shows that long positions exploded by nearly $700 million within 24 hours). 2. The outflow of Ethereum spot ETFs has intensified: Recently, Ethereum ETFs have continued to experience net outflows (exceeding hundreds of millions of dollars this week), and the transfer of some positions by institutions such as BlackRock has caused market concerns. Despite an increase in ETH ETF allocation by Q3 institutional advisors (RIAs), short-term sentiment dominated the sell-off. 3. Technology upgrade expectation (medium - to long-term benefits): The next major upgrade, Fusaka (some sources suggest it was originally scheduled for November or postponed to December 3rd), will introduce PeerDAS (blob capacity increased from 6 to 14-48), which is expected to further reduce L2 costs by over 90% and enhance scalability. This is seen as the core catalyst for the end of 2025 to the beginning of 2026, as whales have been hoarding ahead of schedule (with some whales recently absorbing over 30000 ETH). 4. Other ecological dynamics: DeFi and stablecoin usage continue to support fundamentals, and institutions (such as BlackRock) are optimistic in the long run, but are subject to macroeconomic pressure in the short term; There are no major negative regulatory news, and the Trump administration's pro crypto expectations are still present, but have not yet turned into immediate positive news. Overall, Ethereum fell sharply today due to the overall market correction, with significant short-term pressure, but no structural bearish sentiment, and strong support in the medium to long term upgrade expectations. So how can we find a range to place orders in the current weekend market with low trading volume? The live streaming room is currently being analyzed Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Whale Sells 700.2 WBTC Worth Nearly $60 Million Within Two Days] According to Lookonchain data, a whale sold 700.2 WBTC over the past two days, with a total transaction value of approximately $59.95 million. These WBTC were accumulated by the whale between May 12 and July 24, with a total value of $81.64 million at the time and an average purchase price of $116,593 per WBTC.

[1618.27 BTC Transferred Out of Coinbase, Valued at Approximately $137 Million] According to Arkham data, 1618.27 Bitcoin (valued at approximately $137 million) was transferred from Coinbase to an anonymous address (address starting with bc1qg7...).

[Strategy claims holding approximately 650,000 BTC can meet 71 years of dividend needs] Bitcoin treasury company Strategy stated on the X platform that, based on recent prices, the company’s holdings of approximately 650,000 BTC can meet 71 years of dividend requirements. It also pointed out that Bitcoin would need an annual growth rate of about 1.41% to generate sufficient returns to cover yearly dividends. The community noted that this calculation is based on several assumptions, including Bitcoin prices remaining stable, all holdings being available for sale or collateral financing, no external shocks or tax impacts, convertible debt structures remaining manageable, and dividend payment amounts staying consistent. Latest data shows that Strategy’s current holdings are valued at approximately $54.69 billion, with mNAV reaching 1.

ARK Investment Company purchased cryptocurrency related stocks on Friday and increased its holdings of nearly 600000 Bitcoin ETFs. （Cointelegraph）