Market Highlights on July 25:
1. Bitcoin continues its volatile pattern, influenced by a drop in sentiment, with rebounds lacking sustainability. The short-term trend is cautious, and it's not advisable to rush into bottom-fishing.
2. Ethereum shows relatively orderly performance, bouncing back above $3700 after a pullback, but is difficult to establish an independent rally due to Bitcoin's weakness. The $3500 level may present opportunities for a second test.
3. According to Coinglass data, the total liquidation amount across the network in the past 24 hours reached $527 million, with long positions accounting for $370 million.
4. Strategy has expanded the issuance scale of its preferred stock "Stretch" to $2 billion to increase its Bitcoin holdings.
5. The Solana staking ETF under REX-Osprey will return 100% of rewards to shareholders due to the integration of JitoSOL.
6. Injective has launched SharpLink stock, introducing the first tokenized asset on Ethereum's treasury.
7. The interest-bearing stablecoin USYC launched by Circle will be natively issued on the BNB Chain.
