ETH Takes the Driver's Seat

DAILY MARKET OVERVIEW

🚨 No Breaks

👋 Hey, Crypto Enthusiasts! The market isn’t cooling off, it’s charging ahead, and the latest spark? Political drama at the highest level.

Trump drafted a letter to fire Federal Reserve Chair Jerome Powell, though he hasn’t sent it yet.

Reportedly, he showed it to Republican lawmakers during a White House meeting and asked for their input. In short, he’s strongly considering firing Powell, but hasn’t made the final move.

Even without execution, the intent was enough to send risk assets higher across the board.

But this time, Ethereum led the rally, not Bitcoin.

ETH Takes the Lead While BTC Feels the Pressure

🔻 Bitcoin is facing sell pressure from long-dormant whales:

• An OG wallet just moved 40,192 BTC (~$4.75 billion) to a new address.
  

• These funds are tied to a whale who’s now moved over 80,000 BTC after sitting idle for 14 years.
  

• Earlier this week, 40,010 BTC was transferred to Galaxy Digital, suggesting potential ongoing sell activity.

🔥 Meanwhile, Ethereum is on fire:

• $726 million in ETF inflows just hit ETH, a huge sign of institutional appetite.
  

• BitMine increased its ETH holdings to 300,657 ETH (around $1 billion), up from $500 million just three days ago.
  

• The race is on: BitMine is competing with SharpLink Gaming for the title of largest corporate ETH holder.

Due to that, SharpLink is rumored to be preparing a $2–3 billion raise in the next 48 hours, all to buy more ETH.

❓️ Why It’s Likely They Do It

1. ETH demand is spiking - every delay could cost SharpLink millions.

2. They're gaining ground, and speed matters.

3. Their stock trades at a premium, which lets them raise big money quickly.

4. They're nearly capped at $1B already, so more capital is likely coming fast.

Bottom line: If SharpLink goes through with the raise, it could drive ETH even higher in the near term.

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SOCIAL SENTIMENT

Base in the Spotlight?

With ETH surging, attention is shifting downstream. One clear candidate to benefit? Base.

As the leading Ethereum Layer 2, Base is positioned to soak up the next wave of attention and capital.

They’re stepping up in a big way:

• The team just launched a new Base App at an LA event this week.
  

• The app merges Coinbase Wallet into an “everything app” for on-chain life.
  

• It features social tools, AI integration, monetization, and a unified user experience - from messaging and gaming to trading and earning.

The vision: A creator-focused Web3 hub built for scale, speed, and mainstream adoption.

Projects built on Base may become top altcoin contenders, and this new platform could create the next 100x.

📈 Where Are We in the Cycle?

• ETH and XRP remain the most compelling plays right now.

• Altcoins haven’t truly broken out yet - BTC dominance is still high at 62.57%.

• Once that starts to fall (possibly later in 2025), the door opens for altseason.

So far, it’s the major’s first. But if this cycle plays out like the last, the altcoin boom is coming - just not quite yet.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Tether Hits $160B Milestone
Tether’s USDT breaks records, hitting a $160B market cap as Tron overtakes Ethereum in USDT issuance. Ardoino celebrates global adoption.

OG Bitcoin Whale Moves $4.75B
A dormant bitcoin whale moves 40,192 BTC to a new wallet, sparking renewed speculation about large-scale sales through OTC desks.

France Eyes Surplus Energy for BTC
French lawmakers propose a five-year trial using surplus electricity for bitcoin mining, estimating up to $150M in annual revenue.

Coinbase Launches Base App
Coinbase unveils the Base App, merging wallet, social, trading, and USDC payments into one platform built on its Ethereum Layer 2 network.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – ETH / BTC (17.07.2025 Summary)

Benjamin Cowen believes Ethereum (ETH) may have finally bottomed against Bitcoin (BTC), a key step historically needed before any true "altseason" can begin.

His thesis? ETH needed to break down against USD and return to its fair value (log regression band) for a potential bottom to form on the ETH/BTC chart, and that’s now happened.

Key Takeaways:

• ETH/BTC looks like it's forming a new uptrend (higher lows and higher highs), suggesting ETH may be gaining strength vs BTC.
  

• Altseason is still not here. Cowen argues that until ETH firmly outperforms BTC, altcoins will continue bleeding in BTC terms.
  

• Even a small ETH/BTC pullback has historically crushed alts. So if ETH dips again, expect another round of pain for altcoin holders.
  

• Cowen remains focused on BTC and ETH, staying cautious with altcoins until clearer signs emerge.
  

• He believes altcoin BTC pairs may revisit range lows (0.25 dominance level) by September or October 2025, regardless of short-term rallies.
  

• Historical patterns from 2017 and 2019 show similar setups, with altcoins surging briefly before collapsing again.

Cowen’s Position:
He’s leaning into ETH and BTC, still wary of alts. For now, ETH showing strength is a green light for cautious optimism, but altseason isn’t confirmed yet.

Josh Olszewicz – Alt Coins: Is This Alt Season? (17.07.2025 Summary)

In his latest video, Josh makes a strong case that alt season is happening, even if many don’t recognize it yet. He emphasizes that real altcoin gains are already underway, and now is the time to be strategic, not reckless.

Key Takeaways:

• Alt season is real, but you don’t need to chase every pump. Josh stresses it's not about finding the fastest horse every day, but making sure you’re riding something that’s actually moving.
  

• BTC and ETH still lead the market. ETH's breakout looks especially strong. Josh sees potential for $4,000 in the short term and maybe $10,000 long term.
  

• Solana (SOL) looks promising, but ETH is still outperforming on key pairs. Wait for confirmation before rotating into SOL or other laggards.
  

• Relative strength matters. If your alt isn’t doing well in this market, it may never. Focus on strength across USD, BTC, and ETH pairs before entering.
  

• Some caution for August and September. These months are historically weak, with potential -25% days. Don’t panic, just be realistic about volatility.
  

• Memecoins and NFTs are ripping. Even NFTs and luxury watches are trending up, signaling strong risk-on sentiment.
  

• Josh still prefers ETH over most alts, especially those underperforming against ETH.
  

• Top performers right now: ETH, AVAX, STX, SUI, DOGE, and SHIB. Many others are breaking out above the cloud, which Josh sees as a strong bullish sign.

Josh’s Position:
Alt season is happening, but it’s not time to go all-in without a plan. Be selective, stick to strength, take profits, and don’t over-leverage. According to Josh, if you’re not making money in this market, maybe trading isn’t for you.

CRYPTO MEMES