Coinbase Leads Exchange Custodians in Ethereum Holdings as Institutional ETH Ownership Shifts
The ethereum landscape is undergoing significant changes as top institutional holders reshape ownership dynamics. The Ethereum Foundation maintains its dominant position with 244,483 ETH, while SharpLink Gaming's substantial 205,634 ETH holdings highlight the growing intersection of blockchain and gaming. Coinbase has emerged as the leading exchange custodian with 137,334 ETH, demonstrating its pivotal role in the institutional crypto ecosystem. Meanwhile, PulseChain Sac's 166,303 ETH position reflects the continued growth of crypto fundraising mechanisms, and Bit Digital's remarkable 264% treasury growth to 100,603 ETH within just 30 days signals aggressive institutional accumulation. These developments collectively paint a picture of an evolving Ethereum ecosystem where traditional foundations, exchanges, gaming companies, and investment vehicles are all vying for position in what remains one of cryptocurrency's most important networks.
Top Institutional ETH Holders Reshape Ethereum Landscape
The Ethereum Foundation remains the dominant force in ETH holdings, with 244,483 ETH under its stewardship. SharpLink Gaming follows closely with 205,634 ETH, signaling a strategic push into blockchain gaming.
Coinbase emerges as the leading exchange custodian, holding 137,334 ETH, while PulseChain Sac's 166,303 ETH position reflects growing crypto fundraising activity. Bit Digital's 100,603 ETH treasury grew 264% in 30 days, highlighting miners' shifting strategies ahead of ETH's next market cycle.
In a notable development, the U.S. government appears among top holders with 59,965 ETH - seized assets underscoring increasing regulatory intersections with crypto markets.
Sui Rallies Nearly 10% in Bullish Breakout
Sui (SUI), the native token of the sui network, surged nearly 10% in the past 24 hours, propelled by a series of catalysts that pushed the token into breakout territory. The token climbed to $3.24 from $2.94, with a trading range reflecting 11.5% volatility. Key volume surges at $2.99 and $3.10 underscored institutional accumulation, reinforcing these levels as foundational support.
Resistance emerged at $3.27, where price reversed amid heavy trading, while late-session support stabilized between $3.20 and $3.21—hinting at accumulation for further upside. The rally follows Threshold Network's launch of tBTC, an ERC-20 token backed 1:1 by Bitcoin, on Sui's blockchain. This integration could inject over $500 million in Bitcoin liquidity into the network.
Sui now ranks among the top five layer-1 networks, with daily volume up 135% compared to the market's 52% average. Over the past year, SUI has skyrocketed 340%, far outpacing the CoinDesk 20 Index's modest 2.8% gain.
Bitcoin Price Breaks $112K, Hits New ATH Amid Price Surge
Bitcoin surged to a record $112,702.74 on July 10, 2025, marking its first all-time high since May. The cryptocurrency has gained 20% year-to-date, rebounding from a dip below $100,000 in late June.
Current trading at $112,661 reflects a 2.94% daily increase, pushing Bitcoin's market capitalization to $2.24 trillion. Trading volume jumped 42% to $63.91 billion as $340 million in short positions were liquidated following the breakout.
Public companies with bitcoin exposure rallied alongside the crypto, with Coinbase and MicroStrategy shares gaining 5%. The Nasdaq Composite mirrored the bullish sentiment, closing at record levels.
KULR Expands Bitcoin Mining Operations in Paraguay with 3,570 New Machines
KULR Technology Group has significantly scaled its Bitcoin mining capacity by deploying 3,570 Bitmain S19 XP 140 TH/s machines at its Paraguay facility. The MOVE increases the company's total operational hashrate to 750 PH/s, leveraging Paraguay's abundant hydropower for energy-efficient operations.
The expansion aligns with KULR's strategic focus on geographic diversification and sustainable mining practices. Paraguay's clean energy infrastructure provides a competitive advantage, reducing both costs and environmental impact.
KULR has secured a $20 million credit facility with Coinbase Credit Inc. to support its ambitious growth plans. The company aims to reach 1.25 EH/s of global mining capacity by late summer, signaling strong confidence in Bitcoin's long-term viability.
