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Ethereum (ETH) rebounded above $2,200, gaining over 6% in 24 hours. Key indicators suggest a potential shift in momentum, with $3,000 in sight if bullish pressure continues.
Quick Take Argentine federal prosecutor Eduardo Taiano is seeking to freeze assets exceeding $110 million linked to the Libra memecoin scandal The scandal has drawn attention due to its alleged connection to President Javier Milei.
Quick Take RedStone has launched the RED token on Ethereum, with 10% of its total 1 billion supply allocated to the community through claim activities. Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC, RedStone co-founder and COO Marcin Kazmierczak told The Block.
Quick Take Although early details are scant, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump. Besides exploring “product” opportunities, Sui also said World Liberty Financial will “include Sui assets in … its strategic token reserve.”
Quick Take Bitwise, the cryptocurrency index fund manager, has made its first DeFi allocation via onchain credit protocol Maple Finance, the company announced on Thursday.
Quick Take A senior Russian official stated that sanctions won’t fully prevent Russians from using the cryptocurrency market. The EU recently imposed sanctions on Russian crypto exchange Garantex, which has already been under U.S. sanctions since 2022.
- 22:5911% Becomes 20%: US Media Reveals Vietnam Did Not Agree to Tariff Rates Announced by TrumpAccording to a report by Jinse Finance, Vietnam initially believed it had reached a preliminary agreement with the United States that would significantly lower tariff levels. However, at the last moment, Trump raised the tariff rates. As a result, the Vietnamese government has yet to formally accept the key parts of the agreement that Trump claimed on social media last week, even though Trump asserted that these terms had been approved by Vietnam’s leaders. According to Trump’s post on July 2, the US will impose a 20% tariff on Vietnamese exports to the US, and the rate could reach as high as 40% if “transshipment” is involved. In exchange, Vietnam would open its market to the US. This caused a stir in Vietnam, as their negotiators had not actually agreed to a 20% tariff rate. Four sources familiar with the matter revealed that they expected the tariff rate to be around 11%. During a phone call with Vietnamese leaders, Trump disregarded this figure and instead announced that the US would impose tariffs nearly double the originally anticipated rate. This even shocked the US lobbyists working on bilateral cooperation. “Trump caught everyone off guard,” one lobbyist said. So far, neither the White House nor Vietnam has released any documents indicating that the final agreement includes these tariff rates, and neither country has formally signed the agreement. (Politico)
- 22:47Trader Eugene: After Ethereum historically broke through $2,800, it quickly surged toward $4,000 and I will continue to hold long positionsAccording to ChainCatcher, trader Eugene shared in his personal community, "As long as Bitcoin doesn't follow the old pattern of a false breakout followed by a sharp drop (which currently seems unlikely, though it can't be completely ruled out), Ethereum is very likely to seize the opportunity to break through the key resistance zone at $2,800. Although I'm not entirely sure about the exact timing (Bitcoin dominance, BTC.D, may continue to strengthen for a while), I believe the probability of Ethereum breaking through this resistance zone has risen significantly today. In Ethereum's history, it has only broken above $2,800 three times, and each time the price quickly surged to around $4,000. History doesn't simply repeat itself, but it often rhymes in similar ways. I will continue to hold my long positions and get ready for a wild ride."
- 22:36Pump.fun Acquires Wallet Tracker KolscanAccording to a report by Jinse Finance, Pump.fun has acquired Kolscan, a Solana-based wallet tracker designed to monitor on-chain traders, as announced in a statement released on Thursday. This marks Pump.fun's first acquisition.