Good morning and welcome to the Hodl Report.
ETH’s been flatter than a pancake. Okay its up a bit this week but its still far under ATH. But under the hood? It’s a pressure cooker of bullish catalysts—layer 2 growth, staking flows, and ETF whispers that just won’t quit. So why hasn’t the price budged? Maybe the market’s napping. Or maybe it’s the calm before a very Ethereum-shaped storm. When ETH pumps it tends to pump big…
Today’s Top Report
Why the hell hasn’t ETH moved yet? 😐
Seriously. We’ve got a pile of bullish catalysts and $ETH is still sitting in the kiddie pool between $2.25k and $2.75k. It’s like watching LeBron stuck on the bench while everyone else plays JV.
Let’s break down what’s actually going on:
🧃 Narrative Juice Overflowing
Here’s the bullish lineup that should be dragging ETH to new highs:
RWAs won’t die
Real World Assets are one of the few crypto sectors that didn’t get rugged in 2022—and they’re still growing. Ethereum controls ~57% of the entire RWA pie. That’s not bullish—it’s dominant.ETH ETFs are quietly pumping
Eight weeks. Of straight. Inflows. That’s not hype. That’s institutions dollar-cost averaging like it's their religion.Treasury buys going brrr
Companies loading $ETH on their balance sheets are seeing stupid levels of demand. Might not be the top signal, but it sure ain’t the bottom.
So, why aren’t we at ATHs yet?
One word: liquidity.
Until manufacturing PMI flips above 50 (it’s at 49 now, crawling from 48.5), we’re still in economic purgatory. No fresh fiat = no new buyers = no full send.
But when that turns, here’s what the ETH catalyst bingo card might look like:
✅ Corporate treasury adoption
✅ Staking added to ETH ETFs
✅ L1 scaling narrative kicks back in
Until then… we wait. And share memes.
Today’s Top News
Headlines
Polymarket Draws Fire Over $210M Bet on Zelensky’s Outfit — The crypto prediction platform Polymarket came under criticism for facilitating a $210 million bet on whether President Zelensky would wear a suit at NATO. The controversy sparked international backlash over ethics and speculation on political events.
19-Year‑Old Pleads Guilty to $245M Crypto Heist — A teenager from Connecticut admitted involvement in a $245 million crypto theft and subsequent kidnapping plot. The scheme, which began in 2024, marks a chilling blend of cybercrime and violent extortion tied to digital assets.
$8.7 B Bitcoin Address Hit by Sophisticated Phishing Attempt — A phishing attack targeted a Mt. Gox-era Bitcoin address holding roughly $8.7 billion worth of BTC. This incident revives concerns about the security and preservation of long-dormant crypto funds. If successful, it would mark one of the largest crypto thefts attempted in recent memory.
Bitcoiners Underprepared for Possible $133K Price Tag in September — 10x Research says there's a ~60% chance of a 20% rally leading to ~$133K BTC by September, driven by ETF flows, low CPI expectations, and “Crypto Week” momentum
GMX Halts Trading After $40M Liquidity‑Pool Exploit — A vulnerability in GMX’s Arbitrum-based liquidity pool was exploited, allowing hackers to siphon ~$40M. Trading, GLP minting, and redemptions were paused pending mitigation by SlowMist.
Market Trendline
Price Action
Crypto is doing its usual tightrope dance. Bitcoin briefly smashed a fresh all‑time high at ~$112k before cooling to ~$111k—up roughly 2% lately—while Ethereum glittered with a 5–6% jump to the mid-$2.7k zone . Most of the top 100 coins are green—95 in fact—but with volume on the decline, it feels more like a feverish yawn than a full‑blown sprint
Notable Movers
Bitcoin (BTC): Eyebrow raise-worthy. It retested its May peak (~$111.97k), liquidated ~$340 m in shorts, and then drifted back—classic profit‑taking behavior. Macro chatter (Fed minutes hinting at rate cuts, weaker USD, tariff developments) is keeping it buoyant.
Ethereum (ETH): Big mood shift: lifted 5–6% on single‑day volume, rallying past $2.7k on renewed ETF traction and improved macro flows .
Select altcoins: Meme‑coin mania continues—Useless Coin rallied +21%, Solana staking ETF launched, and tokenized equities boom is catching attention.
Macro View
We’re seeing that sweet spot: “good enough” macro narrative (Fed easing, weak dollar, optimism on trade talks), boosting risk-on sentiment. But don’t get carried away—the broader trading volumes are heading south, suggesting institutional patience is growing while on‑chain and tokenization trends quietly conquer real-world use.
Bottom Line
BTC’s new high is flash‑in‑the‑pan without more sustained catalyst; ETH’s breakout is glaring but needs follow‑through to validate. Altcoins are enjoying the hype wave, with meme plays and tokenization riding that momentum. In short: solid setup, cautious traders—eyes peeled for policy signals or ETF inflows to spark round two.
Today’s Top Tweet
Crypto Twitter Never Sleeps
ETH treasury companies are the next meta. These companies are bringing ETH to the public markets.
Ethereum can rewrite the entire financial system.
We are aligning ourselves with Ethereum’s long-term potential. Bit Digital accumulated 100,603 ETH — and we intend to aggressively add more to become the preeminent ETH holding company in the world.
We have converted BTC
— #Bit Digital, Inc. NASDAQ:BTBT (#@BitDigital_BTBT)
1:04 PM • Jul 7, 2025
How'd I do this week?
You made it to the bottom, congrats! I really appreciate you reading. If you enjoyed today’s content please share it with a friend and if you aren’t already subscribed please do!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.