Opinion: Ethereum is testing a key resistance level; a break above this level could see it rise to $2245.
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Yi Lihua: Bitcoin needs a strong breakout above 68,000 to confirm a reversal; otherwise, it will likely test lower levels again.
According to BlockBeats, on July 7th, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated, "(Bitcoin) is currently still in a downtrend on the weekly chart. Only a strong breakout above 68,000 will lead to a decent reversal. If it fails to break through, it will retest the bottom. Hopefully, we won't see a terrible situation like falling below 47,000." "Regardless, in the coming months, we'll be fully prepared to buy the buy the dips, and be greedy when others are fearful. Besides mainstream coins, we're also looking for coins buy the dips for a 100x increase in the next bull market. Render, which we invested in during the last dip, saw a maximum increase of nearly 180x. Although most coins are worthless, a very few offer significant opportunities. First, they must have fallen by more than 95% due to market conditions. Second, the founders must be highly capable, their direction must align with trends and essential needs, such as AI, and ideally, they should be financially sound and profitable."
OneKey reproduces transaction replacement attack on outdated Ledger Ethereum app
OneKey said it reproduced an exploit against an older version of the Ledger app in its lab environment, which Ledger fixed in its Ethereum app 1.22.2, with no user funds lost.
Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K
Ether’s breakout above $2,500 has put the spotlight back on corporate ETH treasuries, with Bitmine now nearing its long-stated accumulation target.
DeFi researcher Ignas: He is bullish on ETH if the Ethereum Foundation delivers the "simplified roadmap" on time; however, delays coupled with a bear market could be bearish.
According to Foresight News , DeFi researcher Ignas commented on Vitalik Buterin's previously released "simplified Ethereum" roadmap, stating, "If the Ethereum Foundation can deliver on time, I'm bullish on ETH. The roadmap is very attractive because it addresses most of the key demands raised by the community, including L1 reclaiming execution control from L2, privacy protection, quantum resistance, and second-level finality, but the issue of tokenomics remains unaddressed." It also pointed out that the most anticipated part of the roadmap will be implemented after 2028, with the final goal set for 2029. If the Ethereum Foundation (EF) delivery schedule is delayed and the bear market continues, it may negatively impact the price of ETH, as competing projects such as Tempo and Canton are posing a challenge to Ethereum in the areas of real-world assets (RWA) and institutional adoption.
QCP: Bitcoin's return above $60,000 eases market panic, but expectations of a Fed rate cut still lack support.
According to BlockBeats, on July 3rd, QCP Capital reported that Bitcoin briefly fell below the key support level of $58,000 on Wednesday, hitting a low of approximately $57,700. It subsequently rebounded, boosted by weaker-than-expected US June non-farm payroll data, and climbed back above $60,000. Ethereum performed even stronger, returning above $1,700, rebounding nearly 10% from its mid-week low. The options market quickly digested the previous panic, with short-term implied volatility declining and the term structure returning to a contango. July-expiring call options dominated trading, and volatility sellers regained the upper hand. However, this non-farm payroll data was insufficient to support a dovish shift by the Federal Reserve. Accelerated wage growth, a declining unemployment rate, and continued strong consumption all suggest that the Fed still has room to maintain a hawkish stance. Despite the BTC spot ETF ending six consecutive trading days of net outflows and recording a net inflow of $224 million, the US Treasury and US stock markets have not yet confirmed a full recovery in risk appetite. Therefore, the current situation is more like a phase of rebound in the crypto market, and the market still needs to observe whether this round of gains can be validated by a wider range of assets.
Ethereum Foundation warns some tools may break with Glamsterdam upgrade
Developers have been urged to test on Plataberget before Glamsterdam’s new gas model reaches Ethereum’s other testnets and mainnet.