BitMine has staked over 150k more ETH, bringing its total staked holdings to more than 5.06 million ETH, over 87% of its holdings, worth nearly $9.4 billion. This is not simply about earning some staking yield, but about betting real money that Ethereum will see another major rally over the next few years. Honestly, if they only wanted to swing trade, who would dare lock up nearly 90% of their holdings? If the market suddenly reverses, they would not be able to exit quickly. So their willingness to do this essentially means they believe institutional capital will continue flowing in and that Ethereum still has greater room for growth. Some signals have indeed emerged recently. The fund flows for ETH ETFs have begun to clearly outperform those of BTC, more and more traditional capital is starting to pay attention to Ethereum, and the market direction seems to be gradually shifting. I think what deserves more attention now is not how much more ETH BitMine has bought, but whether more institutions will follow. If more and more companies start treating ETH as a long-term reserve asset, Ethereum's valuation framework could genuinely change. The market never takes off because of a single piece of news, but every major trend is often built up gradually through these seemingly insignificant signals. As for whether this is a supercycle, no one dares to draw a conclusion yet, but institutions have already started betting, and the rest can be left to time to verify. $ETH $BMNR

Today’s strategy: short BTC at 64,000–64,500; it reached a high of 64,239, entering the range precisely, and has currently dipped as low as 63,480. Short ETH around 1,875; it reached a high of 1,874, with the current low at 1,852. The levels were set in advance, price walked right into them, and those who followed the rhythm both banked profits. A fresh start to August—win after win, with the rhythm continuing to be firmly under control. $BTC $ETH

Key Crypto Market News This Week Regulatory Jurisdiction Battle Erupts as SEC Halts Nasdaq Bitcoin Options Latest developments on August 3: The SEC formally suspended approval for the launch of Nasdaq’s Bitcoin cash-settled options (QBTC), accepting CME Group’s jurisdictional objection. CME argues that Bitcoin is a commodity and that related derivatives should be regulated solely by the CFTC, meaning the SEC has no authority to approve securities-based Bitcoin options products. This regulatory battle among Wall Street giants is essentially a struggle for dominance over the crypto derivatives market, and the final outcome will directly affect the approval path for subsequent crypto financial products. CLARITY Act Faces Critical Window as Senate Passage Odds Plunge to 30% The CLARITY Act, known as the “foundational law” of U.S. crypto regulation, is deadlocked. With only a few days remaining in the legislative window before the Senate’s summer recess, the two parties remain at an impasse over core provisions including developer liability exemptions, anti-money-laundering clauses, and presidential ethics restrictions: the Warren camp accuses the bill of having loopholes benefiting special interests, law enforcement groups collectively oppose its DeFi and developer protection provisions, and the Senate majority leader has admitted that “the probability of completing a vote before the recess is extremely low.” Industry institutions currently estimate that the bill’s chances of passing this round have fallen to 30%. If it fails to clear the hurdle, the ambiguity surrounding U.S. crypto regulation will continue at least until after the Senate reconvenes in September. Fed Holds Steady as Nonfarm Payrolls Week Arrives, Crypto Market Moves Sideways Awaiting a Breakout The Federal Reserve’s August policy meeting announced that it would keep the benchmark interest rate unchanged at 3.5%-3.75%, without sending a clear signal of a rate cut. Bitcoin has continued to trade in a narrow range of $63k-$65k. The nonfarm payrolls data due this week will be a key variable: stronger-than-expected data would reinforce expectations that “higher rates will last longer,” weighing on risk assets; unexpectedly cooling employment could ignite expectations of a September rate cut and provide upward momentum for crypto prices. Historical data also shows that August is traditionally a weak month for Bitcoin, with gains recorded only 5 times in the past 13 years, leaving overall market sentiment cautious. Wallet Security Alert Sounds as Coldcard Theft Losses Rise to $86 Million$ETH Following confirmation of the fourth attack on August 2, total losses from the Coldcard hardware wallet theft have reached approximately $86 million (1,367 BTC), affecting 462 addresses. The incident has triggered widespread market concerns over the security of self-custody wallets and has also prompted U.S. regulators to further tighten compliance requirements for crypto-asset custody and security. Stricter hardware wallet security standards may follow. Chain Reaction from Tariff Lawsuit by 25 States Puts Pressure on Crypto Mining and Hardware Costs New York, California, and 23 other states have jointly sued the federal government over its new tariff policy, which also affects the crypto industry: the covered categories of mining machine chips, computing hardware, and electronic components would, if ultimately implemented, drive up domestic U.S. mining costs and hardware prices, indirectly benefiting overseas mining companies and computing-power service providers while potentially accelerating the migration of U.S. crypto mining operations abroad. ⏳ Upcoming・Key Dates August 7: Final Legislative Window for the CLARITY Act The Senate enters its summer recess on this date, making it the bill’s final opportunity to clear the hurdle in August. If a vote is not initiated as scheduled, the entire legislative agenda will be postponed until the Senate reconvenes in mid-September, and regulatory uncertainty will continue to weigh on the market. August 7: Nonfarm Payrolls Data Release The U.S. July nonfarm payrolls report will be released, serving as a core reference for the Fed’s September policy meeting and directly determining the direction of rate-cut expectations. It is highly likely to break Bitcoin’s current sideways pattern and trigger sharp short-term volatility in the crypto market. August 9: Two Major On-Chain Events Take Place$BTC Bitcoin will enter the mandatory signaling period for the BIP-110 soft fork (Reduced Data), marking the most important network governance upgrade in recent years; meanwhile, Cardano (ADA) will reach a CME futures milestone, formally entering the compliant path toward an ETF filing and further expanding the major-coin ecosystem.#USD1持币生息最高8%