Instead of headhunting, dYdX bought the whole company. Pocket Protector’s lean team scaled to $1 billion in volume in under a year; now, they’re embedded in the decentralized exchange’s core, rewriting the playbook for DEX trading. On July 18, dYdX…

dYdX buys its way into social-first perps trading by hiring an entire team at once

Ethereum has surged more than 70% since mid-June, marking one of its most 
impressive rallies of the year. The move has been driven by strong momentum, 
with bulls firmly in control as ETH recently reclaimed the critical $3,500 
level. Notably, the uptrend has shown little to no retracement since the 
initial breakout, signaling sustained buying interest and confidence among 
investors. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just 
Moved: $4.75B In One Wallet Now One of the most striking developments 
supporting this move comes from CryptoQuant, which highlights the emergence of 
a significant premium on Ethereum traded through Coinbase. This is 
particularly noteworthy because Coinbase is a platform predominantly used by 
US institutions and high-net-worth individuals. The premium suggests 
aggressive spot buying by whales, indicating renewed institutional interest in 
Ethereum. This renewed demand comes as the broader crypto market sees clearer 
regulatory signals and increasing ETF flows into ETH-related products. As 
Ethereum continues to outperform and attract capital, traders are watching 
closely to see if this momentum will carry into a broader altcoin rally—or 
even signal the start of a long-awaited altseason. US Whales Lead the Charge 
as Ethereum Buying Activity Accelerates According to a recent report by 
CryptoQuant analyst Crypto Dan, Ethereum is seeing a notable increase in 
buying activity, particularly from US-based whales. The steady rise in 
accumulation, combined with a clear premium on Coinbase, suggests that high- 
net-worth players are positioning themselves ahead of further upside. 
Supporting this trend, daily inflows into Ethereum spot ETFs have surged to 
new all-time highs. This sharp spike reflects growing institutional confidence 
in ETH as a core digital asset, especially following recent regulatory clarity 
in the US. With Ethereum now trading above $3,600, demand continues to outpace 
supply across multiple channels. What makes this rally especially interesting 
is the current market environment. On-chain metrics show that Ethereum is not 
yet significantly overheated. Indicators such as NUPL (Net Unrealized 
Profit/Loss) suggest room for further expansion before excessive euphoria sets 
in. This creates favorable conditions for ETH to consolidate at higher levels 
before potentially breaking out again. However, the coming weeks will be 
crucial. If strong inflows and bullish momentum persist into late Q3 2025, 
analysts warn it could trigger signs of overheating. While we are not there 
yet, repeated vertical moves without retracement should prompt caution. 
Investors may need to reassess risk levels if the pattern continues. Related 
Reading: Altcoins Reclaim Key Technical Level – Can Momentum Sustain This 
Time? Ethereum Breaks Key Resistance With Strong Weekly Candle Ethereum is 
currently trading at $3,620 with two days left before the weekly candle 
closes, up more than 21% so far. This ongoing rally has pushed ETH firmly 
above the $2,852 resistance level — a crucial zone that capped price action 
for months. The move comes with high volume and follows a breakout above the 
50-, 100-, and 200-week moving averages, now all reclaimed as support at 
$2,654, $2,664, and $2,430, respectively. With momentum accelerating and 
buyers clearly in control, market attention is shifting toward the next key 
resistance at $3,742, marked by the weekly wick high from December 2024. 
Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume 
Turns Positive Although the candle has not yet closed, its current size and 
structure highlight growing bullish strength. This surge builds on Ethereum’s 
70% rally from mid-June, suggesting that an expansion phase may be underway. 
If ETH holds near or above current levels by Sunday, it would confirm one of 
the strongest weekly performances this year and potentially trigger further 
upside. Until then, traders are watching closely to assess whether this 
breakout can sustain its pace or if a near-term pullback is due after such an 
aggressive move. Featured image from Dall-E, chart from TradingView

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Brazilian authorities just pulled off a major crackdown on a sophisticated 
money laundering network with the help of Tether. The stablecoin giant’s real- 
time tracking tools led to the freeze of R$32 million in USDT, exposing how 
crypto forensics is outpacing…

Tether’s blockchain sleuths help Brazil bust $5.7m cyber fraud ring

The IMF report directly contradicts regular posts from El Salvador’s Bitcoin 
Office that the country is purchasing one BTC per day.

El Salvador hasn’t bought Bitcoin since signing loan deal, IMF says

Stocks slid from record levels as Trump&#8217;s latest threats against the EU add to 
trade uncertainty.

Dow Jones down 200 points amid tariff threats, Fed uncertainty

Portnoy&#8217;s missed XRP gains highlight the volatility and unpredictability of 
crypto markets, underscoring the risks of speculative trading.
The post Millionaire Dave Portnoy ditches XRP at $2.4, now wants to cry as it 
pumps 50% appeared first on Crypto Briefing.