PANews reported on July 28 that according to SoSoValue data, all sectors of the crypto market rebounded today. The CeFi sector rose 4.33% in 24 hours, of which BNB rose 5.63% to a new high of $847, OKB and BGB rose 2.01% and 3.05% respectively. ETH rose 2.13% to nearly $3,900, setting a new high for the year. BTC is now at $119,000, up 0.76%. Layer1 and Layer2 sectors rose 2.29% and 2.06% respectively, and the DeFi sector rose 1.32%. RWA, PayFi, Meme and other sectors also rose to varying degrees, and VINE rose 101.95%.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

