What Happened In Crypto News Today: Key Market Highlights

Crypto News Roundup: ETH, BTC, BNB Moves and Corporate Strategies

Crypto News Update: Even with all the excitement around the crypto market only dipped by a little bit- down 3.3% to $4.01 trillion.However the sentiment remains bullish. The daily trading volume is steady at $156 billion, and BTC leads the charge with 58.9% dominance and Ethereum second at 11.7%. The Fear and Greed Index is sitting at 67 today-right in the ‘Greed’ zone and slightly higher than yesterday’s 64.

Source: CoinMarketCap 

Here is the top Market Highlights

Vitalik Buterin Reveals Plan to "Make Ethereum Great Again"

Ethereum’s co-founder Vitalik Buterin recently addressed a key question on everyone’s mind- how to make Ethereum great again. His response was clear: focus on mass adoption and strong decentralisation.

Buterin stated Ethereum can't be exclusive to tech professionals or traders. He desires ETH to become more accessible to regular people and enterprises without sacrificing the security and autonomy of decentralisation.

He emphasized that the growth of Ethereum should never be at the expense of its foundations: open, secure, censorship-free use by all.

Source: X

SharpLink Buys 77K ETH Worth $295M in One Day

One of the largest crypto news stories of the day is brought by SharpLink, an entity which just acquired 77,210 ETH worth $295 million. It did so via a private OTC transaction with Galaxy Digital.

With this action, SharpLink's Ethereum holdings now stand at 438,017 ETH worth $1.69 billion. The company isn't holding-it's staking a significant portion of its ETH for passive returns. It's apparent SharpLink is placing a big bet on ETH long term.

Source: Lookonchain 

Trump Media Bets $300M on Bitcoin Options

Trump Media and Technology Group (TMTG), Truth Social's parent company, is taking center stage with a $300 million investment in BTC options. Such a move is unusual and extremely risky.

Unlike a direct purchase of Cryptocurrency, an options contract enables you to wager on future price movements. The payoff can be enormous if the wager is correct. Otherwise, the contract might be worthless.

TMTG already has $2 billion in BTC, and this options transaction indicates it's now actively pursuing a more aggressive approach in the crypto sphere.

Source: X

Windtree Therapeutics Ignites BNB Rally With $520M Transaction

A second significant headline in today's cryptocurrency news is from Windtree Therapeutics, a biotech company listed on Nasdaq. The firm raised $520 million-largely to purchase Binance Coin (BNB). BNB Hits All-Time High Today.

This acquisition helped propel BNB to an all-time high of $853.32. The capital came through a combination of equity line credit and an agreement with Build and Build Corp. Windtree also inked with Kraken to manage its crypto custody and OTC transactions.

CEO Jed Latkin says BNB will now be included in the company's long-term financial plan-not just a trade.

Source : RootData

Metaplanet Buys More BTC, Now Holds Over $1.7B

Japanese firm Metaplanet persists in its Bitcoin buying spree. The company purchased 780 BTC worth $92.5 million, bringing its holdings to 17,132 BTC worth over $1.7 billion.

Metaplanet's average cost per Bitcoin is now $100,504. It has accumulated more than 13,000 BTC since April. Most of this has been done using redemptions of bonds and sales of new shares.

In July alone, Metaplanet made 22.5% in BTC return, which amounts to approximately $357 million. The company's high returns indicate that Bitcoin is not only a hedge, but a cash flow generator for them.

Source: Wu Blockchain 

Michael Saylor Looks Back on Courageous Bitcoin Beginning

Michael Saylor, the man behind MicroStrategy's bet on Bitcoin, recently posted on Twitter: "It all started with a quarter billion in BTC." The reminder was to his initial 2020 spend of $250 million on Bitcoin, which has since become more than 600,000 BTC in the company's treasury.

As prices and adoption of Bitcoin continue to increase, Saylor's initial gamble has influenced a flurry of similar corporate actions.

Source: X

DePHY Network surpasses 50K Nodes, Deploys Tools for Builders

Elsewhere in crypto, DePHY Network posted news with a new developer documentation portal and more than 50,000 active nodes around the world. It also deployed a $PHY liquidity pool on Solana.

Developers can already create AI + DePIN applications with real-world data support, messaging layers, and verified environments. This could result in airdrop happenings in the near future and has piqued interest in the increasing network.

Source: X

Final Thoughts

Today's crypto news confirms one thing: while prices fluctuate on a day-to-day basis, the whales are pouring money into Ethereum, Bitcoin, and even BNB. For staking, for options trades, or for treasury support, companies are betting long-term on blockchain assets.

From Vitalik's Ethereum vision to Trump Media's Bitcoin options and SharpLink's ETH rampage, it is clear: crypto is no longer hype-it's strategy.