📈Bitcoin is soaring, but Strategy keeps buying without flinching
Welcome to the Tuesday, July 22, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Tuesday, July 22, 2025 and like every day from Tuesday to Saturday, we summarize the news of the last 24 hours you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
🌧️ Rainy
24h crypto recap! ⏱
🐧 A wave of buying revives the PENGU token
An anonymous buyer spent 10 million USD to acquire 45 CryptoPunks on OpenSea, triggering a strong rebound of leading NFTs. As a result, Pudgy Penguins’ PENGU token jumped 26.7% in 24h, surpassing a market capitalization of 2.4 billion USD.
📈 Bitcoin briefly rises to $122,000, Strategy continues buying
Bitcoin climbed up to 122,000 USD, which among other things prompted Strategy to acquire 6,220 BTC for 739.8 million USD, bringing its reserve to 607,770 BTC (about 3% of total supply).
🧩 Developer engagement on blockchains is in free fall
Code contributions on the major protocols – Ethereum, Polygon, Polkadot, Optimism – fell by more than 15% in 2025, with Optimism leading the decline (-17.97%). Only Solana showed signs of stability, with a slight increase in contributions (+1.62%).
🌊 Weekly Ethereum NFT sales exceed 100 million USD
Weekly sales volumes of NFTs on Ethereum crossed the 100 million USD mark, a 62% increase, driven by a rise in ETH price of over 50% in two weeks. The number of buyers also increased by 27%, while a single wallet acquired 45 CryptoPunks in one day.
Crypto of the day: Shiba Inu (SHIB)
🧠 What innovation? What added value?
Launched in 2020 as a simple meme inspired by Dogecoin, Shiba Inu gradually gained credibility thanks to an engaged community and diversification of its ecosystem. In 2023, the project reached a technical milestone with the launch of Shibarium, a layer 2 network designed to enhance Ethereum's scalability while reducing transaction fees. This infrastructure now allows Shiba Inu to offer concrete services in DeFi and NFTs, notably through ShibaSwap, a decentralized exchange platform dedicated to its tokens.
SHIB’s great strength lies in its ability to evolve: from a viral token with no real use case, it became a structured project with a long-term vision. It also benefits from a rare network effect, driven by a large, active, and coordinated community around the ambition to make it a complete Web3 ecosystem.
💰 The native crypto: utility, distribution, and advantages
Behind the image of a meme hides a well-thought-out tokenomics. SHIB is an ERC-20 token with an astronomical initial supply, half of which was sent to Vitalik Buterin (Ethereum co-founder), who burned a large part of it, increasing the perceived rarity of the token.
Today, SHIB can be used to:
perform trades on ShibaSwap,
access the Shibarium ecosystem (NFTs, dApps, DeFi),
participate in community campaigns (burn, donations),
and eventually integrate a decentralized governance system via associated tokens BONE and LEASH.
The token also benefits from high liquidity on major platforms and a steady transaction volume, affirming its status as both a speculative and utility asset.
📊 Recent performance (July 22, 2025)
Current price: 0.00001506 USD
24h change: -2.81%
Market capitalization: ≈ 8.95 billion USD
CoinMarketCap rank: #18
Circulating supply: 589,246,862,382,375 SHIB (≈589 trillion)
24h trading volume: ≈ 554 million USD
A massive bullish signal? Ethereum breaks all records with 15.7M ETH in contracts
The Ethereum ecosystem is attracting renewed attention as its open interest reaches a historic peak. At the heart of this dynamic are solid technical indicators, growing adoption, and regulatory outlooks that redefine relations between traditional finance and crypto assets.
An unprecedented peak on Ethereum futures markets
Open interest on Ethereum futures just crossed the symbolic threshold of 57.98 billion dollars, according to CoinGlass. This represents about 15.69 million ETH positioned across various trading platforms, marking a new all-time record, exceeding that recorded in November 2021.
This rise coincides with a sustained return of ETH price above $3,500, supported by robust technical data. The current bullish setup rests on the simultaneous crossing of the 50, 100, and 200 moving averages, accompanied by a notable increase in volumes. Projections point now towards resistance zones between $4,000 and $4,200, opening potential for trend continuation.
In this climate of confidence, open interest becomes a barometer of capital allocated to derivatives, reflecting both an increase in speculation and a more mature market structure.
Catalysts of an institutionalized bullish cycle
Beyond charts, this dynamic relies on converging fundamental factors. On one hand, on-chain data reveals growing activity: multiplication of active addresses, continuous increase in validators, and intensive deployment of layer 2 solutions that enhance Ethereum network scalability.
On the other hand, incoming flows come from professional profiles. Analyses from QCP Capital highlight a multiplication of institutional transaction blocks on Binance and the Chicago Mercantile Exchange, indicating a marked appetite for crypto risk among sophisticated investors.
The regulatory framework could also play an amplifying role. The GENIUS Act, recently passed, promises clearer integration of digital assets into the financial system. Ethereum, as the preferred infrastructure layer for stablecoins and DeFi, is thus in a strategic position.
Finally, this surge in interest comes at a key moment, as several observers anticipate a rotation towards altcoins. If this altseason is confirmed, Ethereum could be the main driver, consolidating its technological and financial dominance.
