ETH breaks through the $3500 mark
2025-07-17 21:21
OKX-ETH/USDT is currently trading at $3499.24, with a 5-minute increase of 0.10%. Please be aware of market fluctuations.
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OKX-ETH/USDT is currently trading at $3499.24, with a 5-minute increase of 0.10%. Please be aware of market fluctuations.
BlockBeats news, on July 18th, according to The Block, Superstate founder Robert Leshner's experimental hostile takeover plan of a "low market value" company - aimed at transforming its business into a cryptocurrency buying giant - seems to have been partially thwarted due to the implementation of the "poison pill" strategy. On July 14th, Leshner announced that he had purchased 56.9% of the company's shares through the public market, becoming the major shareholder of LQR House Inc. (stock code: YHC), a liquor company with a "lower market value and slightly complex history". The founders of Compound and Superstate stated at the time that he planned to replace the board of directors and "help the company explore new strategies," including holding a large amount of cryptocurrency. This move seems to be one of the increasing trends among listed companies, which is to establish a cryptocurrency treasury through equity and debt financing arrangements.
BlockBeats news, on July 18th, according to official announcements, Binance announced that third-party custody has become an officially launched and fully operational solution. Three party custody is an institutional custody solution that can store fiat currency and traditional finance (TradFi) collateral in regulated third-party banks, while allowing users to trade on Binance. The latest version has lowered the entry threshold, no transaction volume commitment is required, and service fees will be waived for pledged funds on December 31, 2025. It is reported that Binance's third-party bank custody is a high trust custody framework designed for institutions. It allows customers to keep more traditional mortgage assets (such as French dollars and US treasury bond bonds) in the exclusive corporate account of a third-party regulated bank without transferring these assets to the trading platform. At the same time, customers can still obtain equal trading quotas on Binance to conduct transactions.
Foresight News reported that according to Onchain Lens monitoring, Abraxas Capital is facing a floating loss of over $167 million in multiple short positions on BTC, ETH, SOL, SUI, HYPE, and FARTCOIN in two wallets on the HyperLiquid platform, despite the continuous market growth.
On July 18th, according to Cointelegraph, as Australian housing prices continue to outperform income growth, a company has launched Bitcoin mortgage loans, providing a new way for cryptocurrency holders to enter the real estate market without selling assets. On Wednesday of this week, Block Earner launched Australia's first Bitcoin collateralized housing loan. Previously, the company persisted for over two years in court battles with regulatory agencies. The launch of this product benefited from a federal court ruling in April this year, which determined that Block Earner's cryptocurrency lending product does not fall under the category of "financial products" under the Companies Act. This ruling means that the company does not need to hold a financial services license to accept Bitcoin as collateral in mortgages. In this product, the borrower's encrypted assets are managed by the custody platform Fireblocks. Bitcoin will serve as collateral to provide guarantees for cash loans up to 50% of the property's value, supplemented by standard mortgage methods to complete the financing structure.
On July 18th, according to Cointelegraph, prosecutors in the Southern District of New York continue to file charges against Roman Storm, co-founder and developer of Tornado Cash, and the trial is expected to last for about a month. Assistant prosecutor Thane Rehn stated that the prosecution expects to conclude its statement of charges against Storm by the end of next weekend, after which lawyers for the co founders of Tornado Cash will begin summoning their own witnesses. Storm stated that he expects the trial to last "3-4 weeks" due to complex legal debates and unforeseen witnesses and evidence. Given that the prosecution is expected to conclude their case before July 25th, Storm's lawyer has revealed the defense strategy they will present in court. Before the trial began, Storm stated that he was unsure if his legal team would allow him to personally testify in court to defend himself.