Mill City Ventures III announced a $500 million equity agreement to boost its SUI treasury, which currently sits at 76.2 million units after making its first $276 million purchase this week.

Mill City Ventures to load up on more SUI with $500M deal as shares fall 11%

This content is provided by a sponsor. PRESS RELEASE. NASDAQ-listed company 
ATA Creativity Global (Nasdaq: AACG) (hereinafter referred to as the 
“Company”) has formally signed a Term Sheet with Baby BTC Strategic Capital 
(referred to as “Baby Capital”). Baby Capital is a special purpose fund for 
holding listed companies, with the Babylon Foundation as the […]

Baby BTC Strategic Capital Signs Term Sheet With NASDAQ-Listed ATA Creativity Global – Takes Control of the Listed Company, Acquires $BABY Token and Develops BTCfi

Ethereum has entered a correction phase after weeks of aggressive buying 
pressure that pushed the price to a local high of $3,940. Following this 
rally, ETH has retraced over 12%, breaking below the $3,450 level as the 
market digests recent gains. The sharp pullback has sparked concerns of a 
deeper correction; however, on-chain data and market fundamentals paint a more 
optimistic picture. Related Reading: Ethereum Taker Sell Volume Hits $335M In 
Just 2 Minutes: Panic Or Profit-Taking? Despite the price drop, Ethereum’s 
underlying strength remains intact. Whale addresses continue to accumulate 
during this dip, signaling high-conviction buying from large investors who are 
positioning for long-term gains. Additionally, Ethereum network activity is 
rising, with metrics such as new addresses, transaction volume, and smart 
contract interactions climbing back to levels last seen during previous bull 
cycles. The broader narrative around Ethereum also remains bullish, driven by 
its dominance in decentralized finance (DeFi), real-world asset (RWA) 
tokenization, and stablecoin infrastructure. As institutional adoption grows 
and regulatory clarity improves, ETH’s fundamental value proposition continues 
to strengthen. Ethereum Network Growth Surges Top analyst Ted Pillows has 
shared key data from Glassnode revealing a massive surge in Ethereum network 
activity. According to Pillows, the number of new ETH addresses created in a 
single day recently hit 256,817—a figure that matches the network growth rates 
observed during Ethereum’s historic bull runs in 2017 and 2021. This milestone 
comes despite the market experiencing a recent price correction, signaling 
that investor interest and on-chain adoption remain robust. Such a sharp 
increase in new addresses is often viewed as a leading indicator of future 
price expansion. It reflects a growing influx of new participants entering the 
ecosystem, whether for DeFi, NFTs, or tokenized assets. Analysts see this rise 
in user activity as a foundational driver that could fuel Ethereum’s next 
rally, especially as ETH continues to trade just below multi-year highs. 
Adding to this momentum is the wave of legal clarity in the United States, 
which has removed significant regulatory uncertainty around Ethereum’s status. 
Institutional adoption is also accelerating, with large financial firms 
increasingly integrating Ethereum-based solutions into their offerings, from 
stablecoin infrastructure to tokenized securities platforms. Related Reading: 
Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show 
Caution The combination of strong on-chain fundamentals, a surge in new 
address creation, and institutional validation suggests that Ethereum’s 
current market position is not a fleeting trend. Despite short-term price 
fluctuations, the network’s explosive growth hints at the potential for 
further continuation above previous cycle highs. Ethereum Tests Key Support 
After Sharp Breakdown Ethereum has experienced a sharp breakdown from its 
recent consolidation range, with the price falling to $3,454.41 after failing 
to hold above the $3,600 level. The chart shows a clean rejection from the 
$3,860 resistance zone, leading to increased selling pressure that accelerated 
as ETH broke below the 50 and 100-period moving averages on the 4-hour 
timeframe. The next critical support now lies around the $3,450 level, which 
has acted as a previous accumulation zone during the last bullish leg. Volume 
has surged on this move down, suggesting that a significant portion of this 
drop is driven by short-term panic selling and liquidation cascades. However, 
the 200-period SMA is still positioned well below current levels, at 
$3,192.22, indicating that the broader uptrend remains intact unless that area 
is breached. Related Reading: Bitcoin New Investor Dominance Rises – No Signs 
of Mass Profit-Taking Yet If bulls manage to defend this $3,450 level and 
reclaim $3,600 quickly, Ethereum could stabilize and attempt a new rally 
towards the $3,860 resistance. Failure to do so might open the door for a 
deeper correction, with the $2,850 level being the next major downside target. 
Featured image from Dall-E, chart from TradingView

Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets

On July 31, SEC chair Paul Atkins outlined plans to improve the regulatory 
climate surrounding the cryptocurrency industry significantly.

Project Crypto: SEC’s bullish pivot marks America’s digital finance shakeup

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Bitcoin is trading at $113,561 to $113,800 over the last hour with a market 
capitalization of $2.26 trillion. Over the past 24 hours, it recorded a 
trading volume of $49.17 billion and an intraday price range of $112,680 to 
$115,899, revealing heightened volatility and uncertainty in short-term 
direction. Bitcoin A detailed review of the daily […]