According to Odaily Planet Daily, BitBridge Capital Strategies will begin trading under the ticker symbol BTTL at the end of the third quarter of this year, with plans to list on the Nasdaq in the future. The company announced its transformation into a financial institution focused on Bitcoin reserves, with the goal of expanding the Bitcoin economy, building a strategic Bitcoin reserve, and thereby driving long-term shareholder value. In addition, BitBridge plans to launch a Bitcoin loan product called Respect Loan, aiming to reshape how the traditional financial system treats Bitcoin-collateralized assets. According to reports, this loan product offers lower interest rates, longer maturities, and the potential to generate sustained annual revenue for the company. (The Block)

According to Odaily Planet Daily, ABCDE co-founder Du Jun stated in a social media post that the three core elements of a public blockchain are decentralization, zero downtime, and security. Currently, no other public blockchain, aside from Bitcoin and Ethereum, can simultaneously meet all three of these requirements. Based on this assessment, he predicts Ethereum's price will rise to $20,000 in the future.

The Ethereum Foundation recently published a blog post updating the progress of its work on “Extending L1”, including the following: Marius van der Wijden joins Ansgar Dietrichs and Tim Beiko to lead L1 expansion; After the Berlinterop test, the Ethereum mainnet gas limit was raised to 45 million, laying the foundation for the future goal of 100 million gas and above. All mainstream execution layer clients have integrated pre-merged history expiration functionality, significantly reducing node disk usage. It is reported that the foundation reorganized its R&D team in June this year and changed its name to "Protocol", focusing on three strategic directions: L1 expansion, Blob expansion and user experience optimization, while taking into account security and decentralization.

According to Odaily Planet Daily, according to THE DATA NERD monitoring, 10 hours ago, Cumberland withdrew 36,918 ETH from Coinbase, worth approximately US$132.86 million; 4 hours ago, Abraxas_Capital continued to withdraw a total of 7,191 ETH from Binance, worth approximately US$25.97 million.

According to Odaily Planet Daily, according to Lookonchain monitoring, a whale recharged 1.25 billion PUMPs to the Kraken exchange 10 minutes ago, which is worth about 4.09 million US dollars at the current price. The whale participated in the PUMP public offering through 5 wallets, spending a total of US$5 million to purchase the above-mentioned tokens. If all of them are sold now, the loss will be nearly US$1 million.

According to Arkham's post on the X platform, ETF issuers including Fidelity, Grayscale, and Ark have recently begun selling BTC. For example, Fidelity saw an outflow of 2,965 BTC yesterday, and BlackRock also transferred 2,544 BTC to Coinbase Prime, which is suspected to be a sales operation. At the same time, several institutional Bitcoin treasury companies continued to increase their holdings, including Nasdaq-listed companies Empery Digital, Strategy, H 100, Metaplanet, etc.