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The chronicles of early 2025 shall be written in sweat, tears, and the scattered dreams of bulls. On the third of February, a staggering $1.88 billion in long positions met their doom; a figure so grand that Tolstoy himself might have thought it exaggerated were it not meticulously recorded by the digital scribes at Coinglass. Out of the swirling maelstrom, more than 729,000 positions perished in a single day—a number rivaling casualties in a particularly incompetent Napoleonic campaign. One imagines the traders gazing at their screens, expressions reminiscent of Anna Karenina upon learning of an unfavorable train timetable.

Bitcoin, the king of the castle, is still the big cheese, holding 63.9% market share with a daily trading volume exceeding $45.3 billion. And let me tell you, that’s no small potatoes! 🥔 Despite modest gains of under 1% across multiple timeframes, Bitcoin’s continued climb signals strong investor confidence. Or maybe they’re just a bunch of crazy people throwing their money around like confetti! 🎉

This move is expected to help Ripple meet regulatory standards and, more importantly, attract the kind of confidence from big companies and institutions that usually comes with a side of fine print and a lot of lawyers. 📜

Now, you might be thinking, “Why on earth would anyone want to buy a memecoin named after the 45th President of the United States?” Well, apparently, the token hasn’t lacked high-profile backers, and Justin Sun is no exception. On the glorious day of July 9th, our dear friend Justin declared that he’d be purchasing a whopping $100 million worth of U.S. President Donald Trump’s memecoin through his various ventures.

Source – sec.gov, because transparency is key, folks! 🔑

According to PeckShield’s post on the social media platform X (because who uses Twitter anymore?), the hacker exploited the crypto exchange and sent $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB). Because, you know, one blockchain just isn’t enough. 🤑

Competitors—let us nod at Bybit, OKX, Coinbase, those earnest dancers in the margins—could only cobble together 29% of the limelight. Poor things! Binance alone strolls the boulevard with a champagne bottle and the key to the city.

Take Ripple’s XRP, for instance. This little token has been on a bit of a rollercoaster, but today it decided to hit the $2.4 mark for the first time since late May. It’s like it’s been on a long vacation and just got back to work, ready to make some serious moves. 🏖️💼

The Solana REX-Osprey SOL + Staking ETF (SSK), which launched July 2, has already attracted over $41 million in assets under management, according to Bloomberg Intelligence. Meanwhile, Volatility Shares’ leveraged Solana ETF (SOLT) has accumulated $69 million year-to-date, and its regular Solana ETF (SOLZ) holds $23 million. Not bad for a crypto that’s not named Bitcoin or Ethereum, right? 🙃

As of July 9, 2025, Ethereum is trading just above $2,600, reflecting a gradual upward movement driven by strong technical indicators and rising institutional demand. Traders and analysts are closely watching key resistance zones around $2,800 and $3,200, where a breakout could signal the beginning of a new upward leg. The anticipation is palpable, rather like the moment before the curtain rises on a thrilling theatrical performance. 🎭