4E: Bitmine's surge ignites market attention, U.S. employment data and regulatory developments resonate with crypto sentiment

ChainCatcher news, according to 4E observations, in the past 48 hours, the crypto market has seen a flurry of news, and investor sentiment is gradually warming up. Bitmine Immersion Technologies announced its Ethereum reserve strategy, leading to a surge in its stock price, becoming the market focus. Since the announcement of the strategy, the company's stock price has skyrocketed from $4.26 to $135, with a short-term increase of over 30 times, successfully raising $250 million through a private placement to support its ETH asset allocation plan.

Meanwhile, the U.S. non-farm payrolls for June added 147,000 jobs, far exceeding the market expectation of 110,000, reinforcing the likelihood that the Federal Reserve will maintain interest rates unchanged in the short term. The number of initial jobless claims also fell below expectations, indicating a resilient job market, temporarily suppressing expectations for a rate cut in July.

On the ETF front, BlackRock's Bitcoin ETF "IBIT" has now jumped to third place in revenue among all its ETF products, only behind two established funds, showing that institutional funds continue to increase their exposure to crypto assets. Saxo Bank pointed out that the improvement in the macro environment and ETF inflows have jointly driven BTC to reach a three-week high. Bitwise's Chief Investment Officer expects that the Ethereum ETF will see accelerated capital inflows in the second half of 2025.

On the regulatory side, U.S. Senator Lummis has proposed a new round of cryptocurrency tax reform, suggesting tax exemptions for small transactions and the elimination of double taxation on staking, clearing obstacles for the industry's compliant development. On-chain data shows that ETH holdings and staking have reached historical highs, reflecting the continuous entry of institutional funds.

4E reminds investors: Currently, market hotspots are emerging frequently, and attention should still be paid to policy implementation and changes in macro trends, while maintaining risk awareness.