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- đł Daily Edition: ETH Nears $4k as New BNB, SUI Treasury Co's Launch
đł Daily Edition: ETH Nears $4k as New BNB, SUI Treasury Co's Launch
The jury is still out on how successful this new wave of Crypto Treasury Companies will be, is it a ticking time-bomb or the start of something real?

After hitting $3,950 on its run back to $4k earlier today, Ethereum has retreated back to the $3,800 level as Bitcoin continues to trade in its new range between $115k and $120k. The conversation still revolves around the longevity of this new batch of âCrypto Treasury Companiesâ especially considering the launch of two more today focusing on altcoins BNB and SUI, adding more to the list of 20 public companies who announced crypto strategies just last week. After years of people calling Michael Saylor crazy, weâre now seeing many billions in capital going towards trying to replicate his success with Strategy (formerly MicroStrategy) â and in far riskier digital assets than Bitcoin, which is saying something. SUI now trades down over 10% today despite what should be perceived as âbullishâ news for the blockchain, after a significant run up in the last several weeks prompting some to believe this news was frontrun, a trend that has become unfortunately fairly common in this industry.

24 Hour Crypto Heatmap, Source: CoinMarketCap
The SEC also opted to delay their decision on Trumpâs Truth Social filings for a Bitcoin ETF, with a new deadline set for September 18th. While they certainly arenât the only filing in that boat, it does potentially represent one of the first times the SEC can meaningfully push back against his rapidly-expanding business endeavors in crypto. From NFTâs to memecoins to RWAâs, it really seems like heâs trying to check all the boxes for crypto companies and itâs been crazy to watch from the outside. If our goal is meaningful, beneficial regulation for this industry (which I believe is imperative for its longevity), we canât have the people making the rules breaking them.

Honestly, lots of crypto companies could benefit from this advice
We hired a college intern. Today's his first day. Here's what he just sent me.
â Roshan Patel (@roshanpateI)
6:46 PM âą Jul 28, 2025

The Beluga intern has been hard at work gathering all the most important crypto news stories so you have them in one place!
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