Ethereum Shows Resilience Despite Low On-Chain Activity
Ethereum Shows Resilience Despite Low On-Chain Activity
🤔 ETH's Quiet Strength
Matrixport's latest analysis indicates Ethereum's price stability is supported by multiple factors, despite relatively quiet on-chain metrics.
Key drivers include:
- Growing institutional adoption of ETH
- Increasing stablecoin liquidity in the ecosystem
- Positive regulatory developments with US GENIUS Act
This follows February's significant $1.1B inflows and strong ETF performance, where Ethereum funds saw 7x growth compared to January. Price currently testing $2,817 resistance level.
Institutional interest continues to build momentum, suggesting sustained market confidence.
LianLian DigiTech Raises $394M for Blockchain Expansion
Hong Kong-based LianLian DigiTech is issuing 38.4M new H shares to raise approximately $394M for blockchain expansion. The move comes as Trump hints at firing Fed Chair Powell over HQ renovation costs. In other news, Binance launched a $SPA token airdrop offering 4,607 tokens to users with 160+ Alpha points. Yuxin Technology is advancing stablecoin adoption in retail payments, while Ark Invest praised Ethereum's progress on privacy and scalability. The 1inch Fund sold 904K tokens for $298K USDC.
Bridgers Announces Cross-Chain Support for $MAGAL Token
Bridgers platform announces integration of $MAGAL token from @Magallaneer, marking their first pump.fun-origin project. Key features: - Smart contract routing for cross-chain swaps - Non-custodial execution - Aggregated liquidity across chains - Direct wallet-to-wallet transactions Users can perform cross-chain swaps without traditional bridging steps or custodial requirements. The platform aims to simplify cross-chain transactions through seamless execution. Visit [dapp.bridgers.xyz](http://dapp.bridgers.xyz) to explore the platform.
Ripple's RLUSD Stablecoin Now Available on Bridgers
Bridgers has integrated Ripple's RLUSD stablecoin into its cross-chain protocol. RLUSD is backed 1:1 by US dollar deposits and short-term US treasuries, with regular attestations ensuring full collateralization. The stablecoin focuses on transparency, compliance, and stability. Users can now route RLUSD across multiple chains using Bridgers' non-custodial smart contract execution.
Daily Community Check-in: July 14th, 2025
The community maintains its daily tradition of morning greetings. Today's gm comes with a sun_with_face emoji, continuing a pattern of consistent daily check-ins that started months ago. These greetings alternate between gm gm and gm frens, typically accompanied by sunny weather emojis, with occasional variations using coffee or sun behind cloud emojis. - Pattern shows strong community engagement - Consistent daily check-ins since February 2025 - Mix of informal greetings maintains community spirit