Odaily Planet Daily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, said in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this round of market, which is the key to driving further increases in crypto assets. Lee pointed out that investors have repeatedly underestimated every market recovery since 2020, calling the current rebound that began in April "the most underestimated V-shaped reversal in history." He said that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technological stability make it the preferred platform for Wall Street to promote tokenization. Bitmine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share repurchase plan with the goal of cumulatively holding 5% of the ETH supply. Lee also predicted that the Federal Reserve's upcoming interest rate cut cycle could push Bitcoin to $250,000. He believes that ETH, currently priced at $3,700, should be reasonably valued at $15,000 based on network fundamentals, emphasizing that "we are not at the top yet, we are only mid-cycle." (CoinDesk)

According to Odaily Planet Daily, Nasdaq-listed Fundamental Global announced that it will change its name to FG Nexus after completing a definitive agreement for a $200 million private placement financing. This will better support its Ethereum-based financial strategy, focusing on blockchain innovation and the tokenized real-world asset (RWA) market. Additionally, the company has established a trust fund, FG CVR Trust, in Delaware to monetize and distribute proceeds from the liquidation of legacy assets and businesses. (Globenewswire)

According to Odaily Planet Daily, Trump's second son Eric Trump posted on the X platform: Once again, buy BTC and ETH on dips.

Odaily Planet Daily reports that Nasdaq-listed Trump Media & Technology Group (DJT) released its second-quarter 2025 financial report. As of June 30, its financial assets reached approximately $3.1 billion, an approximately 800% year-over-year increase. This growth was primarily driven by the company raising nearly $2.4 billion for its Bitcoin funding strategy, accumulating approximately $2 billion in Bitcoin and related assets in July, making it one of the largest publicly listed companies in terms of Bitcoin holdings. The report also showed that DJT achieved positive operating cash flow for the first time this quarter, reaching $2.3 million, but had a net loss of $20 million. In addition, the company's platform Truth+ plans to launch a reward mechanism and embed utility tokens in digital wallets. The tokens can be used to pay subscription fees in the early stage and will be expanded to other services in the Truth ecosystem in the future. DJT has also filed registration statements for several ETFs, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF. (Globenewswire)

According to on-chain analyst Ali (@ali_charts), the number of daily active addresses of Ethereum (ETH) has increased to 841,100, setting a record high in the past year.

According to Odaily Planet Daily, an unidentified whale address has recently purchased a total of 331 million PI tokens, with a total value estimated at approximately $148.5 million at current prices. This may be a strategic buyback operation. (Cointelegraph)