ATOM Consolidates as Bitcoin Takes Driving Seat, Finds Support at $4.20

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.

According to BlockBeats, on July 4th, according to on chain data analyst Yu Jin's monitoring, a certain whale/institution has once again transferred 13000 ETH (approximately 32.51 million US dollars) to CEX in the past two days. They have cumulatively transferred 81182 ETH (approximately $198 million) to CEX in the past three weeks, with an average price of approximately $2443. At present, only 14131 ETH (approximately $36.68 million) are still held, and it is expected to be fully transferred to CEX in the next three to four days.