3 minutes to bring you the latest cryptocurrency news (2025.7.24)

📅 July 24, 2025

💹 Mainstream cryptocurrency market 💹

BTC price: $118,270 (24H: -0.24%)

Technical pattern: The 4-hour chart shows a symmetrical triangle convergence, with resistance at the upper edge $119,200 and support at the lower edge $116,000; after breaking through the inverse head and shoulders pattern on the daily chart, it retested the neckline at $112,000. If it stabilizes, it may challenge $120,000.

ETH price: $3,622 (24H: -2.88%)

Last week, ETH spot trading volume reached $25.7 billion, surpassing BTC ($24.4 billion) for the first time since June 2024, with significant signs of capital rotation.

📰 News Overview 📰

1️⃣ The Solana ecosystem token issuance platform LetsBONK announced it will use 1% of the total protocol revenue for repurchasing the top Meme tokens in the BONK ecosystem. Recently, LetsBONK's various metrics ranked first among Solana ecosystem token issuance platforms.

2️⃣ Goldman Sachs and BNY Mellon launched a tokenized money market fund, in collaboration with BlackRock and Fidelity, targeting a $7.1 trillion market.

3️⃣ Glassnode indicators triggered, with the altcoin index approaching the 70 threshold.

4️⃣ PENGU's market capitalization surpassed BONK, becoming the largest market cap Meme coin in the Solana ecosystem.

5️⃣ Hilbert Group and LDA Capital reached a $15.8 million financing agreement to increase their Bitcoin holdings.

6️⃣ Yesterday (Eastern Time July 23), Ethereum spot ETF had a total net inflow of $332 million, with a continuous net inflow for 14 days, while Bitcoin spot ETF had a total net outflow of $85.9628 million, with a continuous net outflow for 3 days.