Alt Season Tease #247: This One Feels Different... Right?

Author

Tracey Plowman
July 23, 2025

This Week in Crypto

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🔥 This week on Crypto Curious — It’s all about Alt Season… or is it?

It’s a massive week in crypto, so let’s start with a plunge dive into alts (what is alt season anyway?), the Genius Act, and the NFTs comeback. Plus, as always, a hefty dose of short, sharps! For the video lovers ❤️our YouTube is here!

Crypto Curious Archives - Equity Mates Media

Are you crypto curious? Do you hear NFT and think WTF? Have you heard about Bitcoin and Ethereum but unsure where to start?

equitymates.com/show/crypto-curious

Markets at a glance.

X marks the spot.

Good articles.

Ethereum ETFs attract $296 million in daily inflows while Bitcoin ETFs register $131 million in outflows

Meanwhile, spot Ethereum ETFs extended their total net inflow streak to its 12th day, recording $296.6 million in positive flows on Monday. The inflows were led by Fidelity's FETH, which reported $126.93 million in inflows, followed by $102 million moving into BlackRock's ETHA. Grayscale's Mini Ethereum Trust and Bitwise's ETHW also saw net inflows.

Ethereum ETFs attract $296 million in daily inflows while Bitcoin ETFs register $131 million in outflows | The Block

Solana (SOL) has crossed the $200 mark for the first time in months, sparking a frenzy of discussion across major social media platforms.

What the DOGE? Why Dogecoin Has Jumped 40% in a Week

The Elon Musk favorite is the biggest gainer over the past week among the top 20 cryptocurrencies by market value.

What the DOGE? Why Dogecoin Has Jumped 40% in a Week - Decrypt

Trump Media strikes hard. The group behind Truth Social formalizes the conversion of 2 billion dollars of its treasury into bitcoin and derivatives. With this announcement, the company shows an aggressive strategy to diversify its liquidity while preparing the integration of a utility token into its digital ecosystem.

‘Sell Ethereum, Buy Bitcoin’: Peter Schiff Makes Surprising Crypto Call

In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate Peter Schiff urged holders of Ethereum (ETH) to exit while prices hover “near the upper end of its trading range.” “If you own any, this is a great time to sell,” he wrote, adding that—painful though it was for him to admit—flipping the proceeds into Bitcoin “is a better trade than holding Ether.”

Sell Ethereum, Buy Bitcoin If This Happens, Says Peter Schiff

As a discreet financial maneuver takes shape in Japan, Arthur Hayes says this subtle central bank shift could be the catalyst behind bitcoin’s next explosive surge.

Q+A.

Lost Ethereum?

Unlike traditional finance, where banks can reverse mistaken transactions, crypto offers no such safety net. In the decentralized world of Ethereum, once a transaction is confirmed on the blockchain, it is permanent and irreversible.

How Much Ethereum Has Been Lost?

According to Conor Grogan, Director at Coinbase, over 913,111 ETH—worth approximately $3.4 billion at current prices—has been permanently lost due to human and technical errors. This staggering figure represents around 0.76% of Ethereum’s total circulating supply, currently standing at 120.7 million ETH.

How Much Ethereum Has Been Lost?

According to Conor Grogan, Director at Coinbase, over 913,111 ETH—worth approximately $3.4 billion at current prices—has been permanently lost due to human and technical errors. This staggering figure represents around 0.76% of Ethereum’s total circulating supply, currently standing at 120.7 million ETH.

Why Is Ethereum Lost?

A significant amount of Ethereum has been lost due to three main reasons. 

  1. Wrong address transfers: where users mistakenly send ETH to incorrect or non-recoverable addresses. This includes typos, sending funds to contract addresses not designed to receive them, or using incompatible blockchain networks.

  2. Smart contract vulnerabilities. Bugs or coding errors in smart contracts can lead to funds being locked, redirected, or exploited, often permanently, with no way to recover them.

  3. Multisig wallet failures. If a multi-signature wallet is misconfigured, destroyed, or if the required keys are lost, the ETH stored becomes permanently inaccessible.

Read more via Coingape

In Other Crypto News!

What's behind Donald Trump's latest crypto adventure?

It's called the "Guiding and Establishing National Innovation for US Stablecoins Act", an innocuous-sounding bill that condenses down into a neat little acronym.

What's behind Donald Trump's latest crypto adventure? - ABC News

Opendoor’s 500% surge signals return of meme stock mania

Shares of Opendoor Technologies (OPEN) have skyrocketed more than 170% over the past five trading days after being crowned this season’s meme stock by traders on Reddit’s WallStreetBets.

Opendoor Stock Soars 500% Amid Meme Stock Revival and Crypto Surge

Jack Dorsey’s Square Begins Onboarding Merchants for Bitcoin Payments

Twitter Co-Founder, Jack Dorsey’s Square, has started onboarding merchants to its new Bitcoin acceptance feature. This is a significant step toward Bitcoin payments in the retail industry. 

4 Million US Merchants Could Soon Accept Bitcoin Payments

‘Block’ Earner.

Warning over new Bitcoin home loans

Australians have a new way of getting into the mortgage market via their Bitcoin holdings, but potential homeowners are being urged to take a deep breath before jumping into one of these products.

In an Australian first launched last week, Bitcoin holders can use the asset like they would traditional money for a home loan.

Mortgages Plus director and principal Chris Dodson told NewsWire that cryptocurrencies were maturing as an asset class, but he urged caution when using them for a home loan.