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CoinCatch Market Daily Report (July 28, 2025)
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2025-07-28 | 10m
On July 28, BTC fluctuated within the range of 117,000–120,000 USDT, while ETH entered a short-term upward channel, approaching the resistance zone near 3,900 USDT. Over the past 7 days, Ethereum-based NFT sales totaled nearly $160 million, with CryptoPunks leading the market. Meanwhile, the decentralized prover network Succinct launched the Succinct Foundation, hinting at an upcoming token generation event (TGE). Additionally, U.S. and EU Agree to Framework for Trade Deal That Puts 15% Tariff on European Goods.
Crypto Market Overview
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BTC (+0.8% | Current Price: 118,947 USDT): Following a rapid correction, BTC has stabilized and entered a consolidation phase. Bulls are attempting to regain lost ground, but resistance at 120,000 USDT remains strong. Short-term price action is likely to persist within the 117,000–120,000 USDT range. On July 25, BTC ETFs recorded $130 million in net inflows, with BlackRock’s IBIT attracting $92.8 million and Fidelity’s FBTC adding $10.2 million, signaling continued institutional accumulation.
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ETH (+3.07% | Current Price: 3,886 USDT): ETH shows bullish momentum within a short-term upward channel, nearing the critical 3,900 USDTresistance. A sustained breakout could open the path to higher levels, with support observed at 3,750-3,800 USDT. ETH ETFs saw $452 million in net inflows on July 25, led by BlackRock’s ETHA ($440 million) and Fidelity’s FETH ($7.3 million).
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Altcoins: Most major altcoins posted modest gains. The Fear & Greed Index registered 67 (Greed), indicating positive sentiment but warranting caution against overheating.
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Macro Environment: On July 25, the S&P 500 rose 0.40% to 6,388.64 points; the Dow Jones rose 0.47% to 44,901.92 points; and the Nasdaq rose 0.24% to 21,108.32 points. As of 10:30 AM (UTC+8) on July 28, the spot gold price per ounce was temporarily reported at US$3,336, a 24-hour drop of 0.04%.
Top Gainers
VINE Vine Coin (+113.2%, Market Cap: $161.91 Million)
VINE surged to $0.1619, driven by Elon Musk’s announcement of an "AI-powered Vine revival." The token, created by Vine founder Rus Yusupov on Solana, honors "unity and creativity." Social media buzz intensified as whales accumulated positions—one purchased VINE at $0.14 using 17,080 SOL. After consolidating near $0.06, VINE formed a pattern of higher lows and higher highs, peaking at $0.15010 on July 28.
OP Optimism (+19.21%, Market Cap: $1.5 Billion)
OP is currently priced at $0.8596, up 19.21% in the last 24 hours. Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. OP’s surge reflects a liquidity-driven “buy the news” event, technical momentum, and favorable macro conditions. However, watch $0.80 as critical support – failure to hold could invite profit-taking.
HYPER Hyperlane (+4.16%, Market Cap: $85.64 Million)
HYPER is currently priced at $0.4888, up 4.16% in the last 24 hours. Hyperlane is a permissionless blockchain communication protocol designed for seamless interoperability and data exchange between different blockchains. HYPER is used for staking to protect cross-chain communication and as a governance and reward mechanism. HYPER's price surged today primarily due to Upbit's announcement of listing new trading pairs (KRW, BTC, USDT) for HYPER, driving significant market demand.
Market Insights
Ethereum NFT Sales Hit $160M in 7 Days; CryptoPunks Dominate
Ethereum NFT sales reached $157.6 million in the past week. CryptoPunks led with $35.14 million (172 sales), followed by Pudgy Penguins ($8.36 million) and BAYC ($5.86 million). Moonbirds recorded 683 transactions ($4.72 million), reflecting mid-tier project activity. The rebound stems from high-value trades in blue-chip NFTs, renewed cultural interest in meme assets, and ETH’s price recovery. Offline collaborations by projects like Pudgy Penguins further boosted engagement.
Decentralised Prover Network Succinct Launches Succinct Foundation, Preparing for Token TGE
The decentralized prover network Succinct announced the establishment of the Succinct Foundation, which is widely interpreted as paving the way for the subsequent token TGE (Token Generation Event). The Foundation will serve as an independent entity dedicated to promoting the development of the Succinct Prover Network and zero-knowledge (ZK) technology, focusing on supporting infrastructure construction, research funding and ecological cooperation, and helping a new generation of developers to innovate in the ZK field. The Succinct Prover Network aims to provide efficient proof services for a variety of applications by coordinating distributed provers. Its native token PROVE is used to incentivize competitive pricing of provers, pay for services, and serve as one of the core mechanisms for network security and governance. The establishment of the Succinct Foundation marks that the project is entering a critical stage before the launch of the token economy.
Against the backdrop of increasingly fierce competition in the zero-knowledge track, Succinct attempts to integrate resources and expand its influence through the foundation as a "neutral carrier", while laying the foundation for the value capture and ecological governance of PROVE tokens. If the subsequent TGE goes smoothly, Succinct is expected to become an important piece of the modular ZK infrastructure, especially in the areas of inter-chain interoperability and lightweight proofs, which will unleash huge potential.
U.S., EU Agree to Framework for Trade Deal That Puts 15% Tariff on European Goods
President Donald Trump on Sunday announced a trade agreement with the European Union that would set tariffs at 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner.
The tariff rate is a reduction from the 30% that Trump threatened on July 12 and the 20% he said he would impose on April 2. Announcing the agreement, Trump said the E.U. will not impose a tariff on U.S. imports. He added this agreement was “satisfactory to both sides.”
Reference:
Farside Investors. (n.d.). Farside. https://farside.co.uk/
Investing.com. (n.d.). USA Indices. https://investing.com/indices/usa-indices
CoinGecko. (n.d.). Categories. https://www.coingecko.com/categories
CryptoSlam. (n.d.). Ethereum. https://www.cryptoslam.io/blockchains/ethereum
Succinct Foundation. (n.d.). Introducing the Succinct Foundation. Succinct Blog. https://blog.succinct.foundation/introducing-the-succinct-foundation/
NBC News. (2021, October 13). U.S., European Union reach trade deal with tariff rate of fifteen percent. NBC News. https://www.nbcnews.com/business/business-news/us-european-union-trade-deal-tariff-rate-fifteen-percent-rcna218380
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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