According to BlockBeats, as of July 22, data from Ycharts indicates that the Grayscale Ethereum Trust (ETHE) is currently showing a negative premium rate of 0.13%.

According to Odaily, the Ethereum Foundation has recently executed a transaction through CoWSwap, converting 100 ETH into 345,000 DAI. This move was detected by Scopescan, a monitoring service that tracks blockchain transactions. The conversion highlights the foundation's ongoing financial activities and strategic asset management within the cryptocurrency space.

According to BlockBeats, on July 23, modular blockchain project Avail announced the launch of its Avail DA mainnet and the introduction of the AVAIL token. Avail DA is a modular blockchain solution designed to optimize data availability (DA), enabling highly scalable and customizable rollups. The AVAIL token will serve as the native asset of the Avail network, used for paying DA fees and ensuring network security through staking. Additionally, AVAIL holders will have the opportunity to stake their tokens.

On Jul 23, 2024, 08:32 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,510.219971 USDT, with a narrowed 0.75% increase in 24 hours.

According to Matrixport's latest chart released today, the realized volatility spread between Ethereum and Bitcoin is currently at a low level, indicating that both cryptocurrencies are experiencing similar levels of market fluctuation.Historically, Ethereum has been considered to have greater upside potential, which usually results in its volatility being approximately 50% higher than that of Bitcoin. However, the current data shows that the realized volatility of both Ethereum and Bitcoin is on par, with a ratio of 1.0.This unusual alignment in volatility comes at a time of heightened speculation and anticipation in the market, especially ahead of the launch of significant financial products. Analysts and traders often observe volatility metrics to gauge market sentiment and potential price movements, and this parity suggests a unique period of market dynamics.  4o

According to Odaily, Lido has released its protocol-related data for the week of July 15 to July 22. The data reveals a notable increase in several key metrics for the platform. Total Value Locked (TVL) saw a growth of 9.34%, reaching $34.57 billion. Additionally, the platform recorded an increase of 85,792 ETH in new stakes. On Layer 2, the amount of wrapped staked ETH (wstETH) grew by 4.62%, totaling 170,526 tokens. The seven-day trading volume for (w)stETH was reported to be $1.19 billion.

According to Cointelegraph: BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recorded its largest inflow day in over four months, with over $523 million flowing into the fund on Monday. This surge in investment coincides with the approval of multiple spot Ether ETFs for trading in the United States.Key Highlights:Record Inflows: The IBIT scooped up 7,759 Bitcoin, worth just over $523 million, marking the seventh-largest day of inflows in its history.Total Assets: The total assets under management for IBIT now stand at 333,000 BTC, valued at approximately $22 billion.Historical Context: The largest single-day inflow for IBIT was on March 18, with $849 million added, followed by $788 million on March 5.ETHE discount to net asset value has tightened ahead of the launch of the spot ETH ETFs. Source: KaikoMarket Reaction: Bitcoin briefly surged above $68,000 but failed to maintain momentum, trading at $66,440, a 1.8% drop over the past 24 hours.Industry Impact:ETF Competition: On the same day, the remaining 10 U.S.-listed Bitcoin ETFs saw combined net inflows of just $6.9 million, underscoring BlackRock's dominance in attracting investor funds.Investor Sentiment: The significant inflows reflect strong investor interest and confidence in Bitcoin, despite its inability to break through key resistance levels.Estimates for spot ETH ETF inflows compared to BTC ETFs. Source: ASXNMarket Outlook:The anticipation surrounding potential announcements at the Nashville Bitcoin conference, particularly the speculation that Donald Trump might declare Bitcoin a strategic reserve asset, has fueled bullish sentiment. Analysts suggest that such an announcement could trigger a "parabolic" rise in Bitcoin's price.With ongoing market volatility and upcoming political developments, investors and traders are closely monitoring these factors to gauge future movements and opportunities in the cryptocurrency market.