Crypto Recap 28/07: ETH, BNB Hit New Highs
1. Ethereum (ETH) reached $3,887, marking a new recent high. Coins in the Ethereum DeFi ecosystem are also showing strong performance. The upcoming Ethereum 10-Year Anniversary livestream on July 30 could provide short-term bullish momentum.
2. Binance Coin (BNB) surpassed $842, setting an all-time high and pushing its market cap to $117.6 billion. This surge may be driven by rumors about a "MicroStrategy-style" investment initiative involving BNB. Ecosystem tokens like Cake and LISTA are also trending upward.
3. VINE surged to $0.15, up 121% in just one day. This spike followed a cryptic tweet from Elon Musk hinting at reviving the Vine app with integrated AI, fueling excitement around the token.
4. ZORA continues to lead the BASE ecosystem thanks to the successful integration of the Base APP, which has caused a sharp rise in token creation through Zora. However, some analysts (like Ai) suspect centralized exchange (CEX) manipulation, as no on-chain transactions over $500,000 have been recorded. The contract is also showing signs of negative fees.
5. Blue-chip NFTs have seen noticeable growth over the past 7 days:
- Moonbirds up 50%
- Milady up 24.89%
- BAYC 7 up 8.14%
NFT marketplaces like Blur and ME also saw slight increases. However, APE — the former NFT "king" — has yet to show any notable movement.
6. Letsbonk continues to gain momentum, with its number of "graduated" tokens nearly 8 times higher than Pumpfun in the past 24 hours. Despite this, the BONK token price is currently undergoing a correction.
7. Donald Trump announced a new US-EU trade deal featuring a 15% tariff and a $600 billion investment package into the US. This could serve as a macroeconomic catalyst that fueled many tokens' gains early Monday.
8. Caution Alert: Major token unlocks are coming this week, including SUI, JUP, ENA, and OP — with a combined value exceeding $300 million. Investors should monitor these events closely.
9. SharpLink Gaming made a big move over the weekend, purchasing 77,200 ETH and staking all of it. This demonstrates strong long-term confidence in Ethereum.