币界网报道：[4E: Bitmine's surge has triggered market attention, and US employment data and regulatory progress resonate with crypto sentiment] According to 4E's observation on July 4, in the past 48 hours, the crypto market has seen multiple news and investment sentiment has gradually heated up. Bitmine Immersion Technologies' stock price soared after announcing its Ethereum reserve strategy, becoming the focus of the market. Since the announcement of the strategy, the company's stock price has soared from US$4.26 to US$135, an increase of more than 30 times in a short period of time, and successfully raised US$250 million through private placements to support its ETH asset allocation plan. At the same time, the number of new non-agricultural jobs in the United States in June reached 147,000, far exceeding the market expectation of 110,000, which strengthened the possibility of the Federal Reserve keeping interest rates unchanged in the short term. The number of initial unemployment claims was also lower than expected, and the resilience of the employment market has increased, temporarily suppressing expectations of a rate cut in July. In terms of ETFs, BlackRock's Bitcoin ETF "IBIT" has now jumped to third place in revenue among all its ETF products, second only to two old funds, showing that institutional funds continue to increase crypto assets. Saxo Bank pointed out that the dual effects of the improvement of the macro environment and ETF inflows pushed BTC to a three-week high. Bitwise's chief investment officer expects that Ethereum ETFs will see accelerated capital inflows in the second half of 2025. On the regulatory side, U.S. Senator Lummis proposed a new round of crypto tax reform bills, suggesting that small transactions be tax-free and double taxation on pledges be abolished to clear obstacles for the industry's compliance development. On-chain data shows that ETH holdings and pledges have both hit record highs, reflecting the continued entry of institutional funds. 4E reminds investors: The current market hot spots are frequent, and we should still pay attention to policy implementation and changes in macro trends, and maintain risk awareness.