🚀 ETH Defies Market Downturn While MicroStrategy Doubles Down on Bitcoin—Time to Load Up on Crypto?

Ethereum bucks the bearish trend as Bitcoin's biggest corporate fan keeps stacking sats. Here's why smart money's eyeing this divergence.

The Contrarian Play: While altcoins bleed, ETH's resilience hints at institutional interest—or just traders fleeing to the 'safe' bet in a storm.

MicroStrategy's Unshakable Faith: Another quarter, another nine-figure Bitcoin purchase. Because nothing says 'conviction' like burning cash to impress shareholders.

Bottom Line: When ETH rallies against the tide and Michael Saylor remortgages his ego to buy BTC, it's either a generational buying opportunity... or proof the crypto market runs on vibes alone.

SEC Opens Door for In-Kind Redemptions in Crypto ETFs

The U.S. Securities and Exchange Commission has approved in-kind redemptions for spot Bitcoin and Ethereum exchange-traded products. This means ETF issuers and authorized participants can now deliver or receive actual Bitcoin or Ether when creating or redeeming shares. Until now, they had to use cash. This rule change brings crypto ETFs closer to how commodity ETFs like gold are handled.

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Whales Favour ETH, Strategy Buys BTC, and TRX Breaks Out

Whale wallets continue to favour Ethereum. One fresh wallet received 12,000 ETH (around $45 million) from Galaxy Digital’s OTC desk just hours ago. Since July 9, nine wallets have quietly accumulated 640,646 ETH, worth over $2.43 billion.

Bitcoin also remains a top choice for investors right now. With Strategy aggressively expanding its holdings and ETF inflows stabilizing the price, BTC is still seen as the foundation of most long-term portfolios.

But one surprise performer is TRON (TRX). While the broader market dropped, TRX jumped to $0.35 (now trading at $0.335): up 75% from its 2024 low. Per CryptoQuant, Tron processed over 2.8 billion transactions in the last 12 months and generated more revenue than Ethereum, Solana, and BNB Chain combined.

With technical indicators pointing bullish and TRX trending above key resistance levels, it’s another name to watch closely.