Ethereum’s Institutional Accumulation Signals Potential Price Breakout
Despite Ethereum's recent price stagnation, institutional investors and long-term holders are showing strong conviction by accumulating significant amounts of ETH. Over the past month, long-term holders have added 1.49 million ETH to their balances, marking a 3.72% increase. This accumulation pattern, often a precursor to major market movements, contrasts with the ethereum Foundation's daily sales of 1,000 ETH. The divergence between institutional accumulation and short-term selling pressure suggests a potential breakout in Ethereum's price in the near future. As of July 2025, the market is closely watching these developments, which could herald a new phase of growth for Ethereum.
Smart Money Accumulates Ethereum Amid Price Stagnation
Ethereum's market dynamics reveal a stark divergence between institutional accumulation and short-term selling pressure. Long-term holders have added 1.49 million ETH to their balances over the past month, a 3.72% increase that signals strong conviction during the June consolidation phase. This accumulation pattern, historically indicative of impending market movements, contrasts sharply with the Ethereum Foundation's daily sales of 1,000 ETH and Binance's single-day inflow of 100,000 ETH.
The cryptocurrency remains rangebound between $2,400-$2,500 despite whale activity reaching 704,000 ETH in purchases on July 1st alone. Mining firms like BitMine and Bit Digital are reportedly shifting focus from Bitcoin to Ethereum, drawn by the network's staking yield potential and upcoming Fusaka upgrade. Market participants appear to be positioning for volatility, with Large Holders' Netflow spiking from 9,800 to 119,300 ETH during the accumulation phase.
Fake Crypto Wallet Extensions Pose Threat on Firefox Store
Over forty counterfeit browser extensions mimicking legitimate cryptocurrency wallets like MetaMask, Coinbase, and Trust Wallet remain active on Mozilla's Firefox store, according to a July 2025 report by Koi Security. These malicious plugins, disguised with authentic branding and boosted by fabricated five-star reviews, steal private keys and recovery phrases through hidden JavaScript modules.
The campaign, active since at least April 2025, abuses Firefox's permission system to harvest credentials while evading automated security scans. Researchers note new fraudulent extensions continue appearing weekly, with Russian-linked actors suspected behind the operation. The discovery highlights persistent security gaps in browser extension stores despite repeated warnings about crypto-draining malware.
SpacePay Simplifies Ethereum Payments for Merchants and Consumers
London-based startup SpacePay is bridging the gap between cryptocurrency holdings and everyday spending with a payment platform designed for real-world adoption. The solution enables Ethereum transactions through existing Android card readers, eliminating the need for merchants to invest in new hardware.
SpacePay's system supports over 325 crypto wallets, including popular options like MetaMask, while charging a competitive 0.5% transaction fee. The platform's instant fiat conversion feature protects merchants from cryptocurrency volatility, addressing a key barrier to crypto acceptance in retail environments.
The company has already raised $1.1 million in its ongoing presale, with SPY tokens currently priced at $0.003181. The payment process mirrors conventional digital wallet transactions, requiring only a QR code scan and confirmation, making it as seamless as Apple Pay for end users.
ETH Holds Firm Amid Strong U.S. Jobs Data, Equities Rally
Ether (ETH) edged 0.55% higher to $2,584.90 as risk assets broadly advanced following a stronger-than-expected U.S. jobs report. The CoinDesk 20 Index mirrored the uptick with a 0.08% gain.
June nonfarm payrolls surged to 147,000—eclipsing forecasts of 110,000—while unemployment unexpectedly dipped to 4.1%. The data propelled U.S. indices to record closes: the S&P 500 and Nasdaq Composite both ROSE over 0.8%, reaching 6,279.35 and 20,601.10 respectively.
Market expectations for Fed rate cuts evaporated as the robust labor figures complicated the policy outlook. Yet ETH demonstrated resilience, buoyed by the risk-on sentiment that lifted cryptocurrencies alongside traditional equities. The token oscillated between $2,558.89 and $2,629.88 during the session.
