Rhythm Evening News｜List of important information on June 25

10x Research: Although BTC is currently severely oversold, it may still fall to $50,000

BlockBeats news, on June 25, 10x Research tweeted that Bitcoin is currently severely oversold, and many opinion leaders advise followers to buy on dips, while altcoins seem to be more stable. 10x Research's Greed and Fear Index is close to its historical low, which is usually associated with market lows.

However, we are worried that more "liquidity" will leave the market. In particular, the current price is on par with the average price of Bitcoin ETF buyers (the average entry price is $60,000 to $61,000), and the mining cost of Bitcoin miners is also an average of $60,000 per Bitcoin. Despite the propaganda of influencers and speculators, both may continue to sell. Currently, Bitcoin is holding at $60,000, but for how long? Bitcoin could drop to $50,000.

Founder of DeFiance Capital: In the current market environment, ETH is still considered one of the best risk-adjusted investments in the coming months

BlockBeats news, on June 25, Arthur Cheong, founder and CEO of DeFiance Capital, said on his social platform, "If you are bullish on an asset in the long term, the lower the price, the more bullish you should be, not the other way around. In the current market environment, I still think ETH is one of the best risk-adjusted investments in the coming months."

The U.S. Bitcoin spot ETF has seen a net outflow of $1.298 billion in the past two trading weeks

BlockBeats news, on June 25, according to Cointelegraph reported that data from Farside Investors showed that in the past two trading weeks, the total net outflow of US Bitcoin spot ETFs reached US$1.298 billion, of which Grayscale had the largest net outflow during the same period, reaching US$517.3 million. IBIT is the only ETF with a net inflow, with a net inflow of US$43.1 million in the past two weeks.

Jonathan de Wet, chief investment officer of digital asset trading company ZeroCap, said that although the entire cryptocurrency market continues to fall, the price of Bitcoin is expected to fall to the key support level of about $57,000 in the coming weeks.

Jonathan de Wet said that although Bitcoin and other cryptocurrencies may fall further in the coming week due to selling pressure from Mt. Gox creditors' repayments, he remains optimistic about the long-term outlook.

The wallet address marked as "German Government" transferred out 500 BTC again

BlockBeats news, on June 25, according to Arkham data, at 17:06 Beijing time today, the wallet address marked as "German Government" transferred out 500 BTC to a certain address again, with a total value of approximately US$30.42 million.

DWF Labs deposited 24 million JASMY to Binance half an hour ago

BlockBeats news, on June 25, according to spotonchain monitoring, DWF Labs deposited the last 24 million JASMY (US$731,000) to Binance about 33 minutes ago. It is worth noting that DWF Labs has signed a 1-year contract with JasmyMGT, which will expire in August.

Previously, on June 26, 2023, after Jasmy Deployer deposited funds into CEX, they immediately withdrew 700 million JASMY from Gate at a price of US$0.004384. Then, they deposited the tokens on Binance at an average price of $0.01788 (up 308% in the past year)

WIF broke through $1.8, up 17.7% in 24 hours

BlockBeats news, on June 25, according to market data, WIF broke through $1.8, and is now quoted at $1.881, up 17.7% in 24 hours.

STEPN GO is now available on the App Store

BlockBeats news, on June 25, the social fitness app STEPN GO announced on the X platform that STEPN GO is now available on the App Store. Users can now download the app, participate in the Alpha Draw and try to get their first pair of sneakers.

Blast Token Issuance Protocol ZAP Completes 35,000 Blast Gold Airdrop

BlockBeats news, on June 25, Blast Token Issuance Protocol ZAP has completed the Chapter 1 and Chapter 2 phases of 35,000 Blast Gold airdrops, of which 20,000 Blast Gold was distributed to Vault holders, and another 15,000 Blast Gold was distributed to ZAP users, including ZAP platform Vault holders. Blast Points will also be distributed in the next few hours.

In addition, ZAP Blast Gigadrops airdrop event project rewards are also being distributed, and the 20+ projects participating in the ZAP Blast Gigadrops airdrop event are independently allocating their rewards. ZAP users will receive multiple airdrop rewards at different times.

Aevo: The second phase of the airdrop project AZUR tokens have been opened

BlockBeats news, on June 25, according to Aevo official news, its second Aevo airdrop project has been opened for collection, distributing AZUR tokens to users who meet the Azuro Aevo Airdrops qualifications. The airdrop is aimed at Aevo Stakers and Aevo Pre-launch traders. Eligible wallets need to have ETH on the Ethereum mainnet to claim the airdrop.

UXLINK has reached further cooperation with Telegram and TON ecosystem-related projects

BlockBeats news, on June 25, UXLINK announced on the official X platform that it will continue to deeply support the development of Telegram and TON ecosystems. The first three ecological cooperation projects include Catizen, a gaming bot based on Telegram, TonUP, a launch platform based on the TON chain, and Bounty Bay, a WEB3 social shopping platform on TON.

UXLINK's ecological director said that we have always been very optimistic about the development of Telegram and TON ecosystems, and we are an important part of it and continue to invest in its development. Together with these excellent partners, we will set off a social hurricane of cryptocurrency in the TON and Telegram ecosystems and lead 1 billion users into the world of Web3.

Cosmos officially launched the inter-chain aggregator IOBScan, providing token tracking and account aggregation functions

BlockBeats news, on June 25, according to Cosmos official news, Cosmos launched the inter-chain aggregator IOBScan, through the seamless integration of 60 IBC-supported chains, IOBScan provides comprehensive tracking of IBC tokens, chains, channels and relayers. IOBScan has an account aggregation function, providing a bird's-eye view of all addresses associated with the same public key to simplify the complexity of multi-chain interactions. IOBScan also provides API services, and users can access detailed blockchain data through IOBScan's API.

Ronin: Ronin zkEVM testnet has been launched

BlockBeats news, on June 25, Ronin said on the social platform that it has launched the Ronin zkEVM testnet. Ronin's L2 has been officially opened, and users can now access the zkEVM testnet block browser; query RPC endpoints; testnet RON information, developer documentation, etc.

Opyn will launch perpetual contract agreement Opyn Markets

According to BlockBeats, on June 25, Opyn said on social media that it will launch the perpetual contract agreement Opyn Markets, which supports any asset and provides linear, stable and option-like perpetual contracts. The landing page will be launched on July 1.

ether.fi: Season 3 is about to start

According to BlockBeats, on June 25, ether.fi posted on social media that Season 3 is about to start and an announcement will be made.

Magic Eden: Introducing Mempool Protection for Runes and Inscriptions

BlockBeats news, on June 25, Magic Eden said on the social platform that Mempool Protection was introduced for runes and inscriptions, and more RBF features are coming soon.

It is reported that when a user's transaction is replaced/intercepted, Mempool Protection will automatically broadcast additional transactions to the user at a higher rate. However, this function cannot completely prevent sniping, and on-chain snipers can still replace users' transactions, but this function can reduce the chance of being sniped and increase the cost of snipers.

Bitlayer on-chain TVL exceeds 500 million US dollars, and the second phase of the first mining festival is about to go online

BlockBeats news, on June 25, according to the official website of Bitcoin's native second-layer network Bitlayer, the current total locked volume (TVL) on the Bitlayer chain has exceeded 500 million US dollars, and is now 534 million US dollars, with an increase of more than 40% in the past 30 days.

Currently, the top five ecological protocols in Bitlayer TVL are Avalon, Pell Network, bitCow, bitSmiley and Macaron. According to official data, nearly 100 ecological projects have been deployed to Bitlayer, and the number of active transactions on its chain has exceeded 1 million, making it the fastest growing Bitcoin Layer 2 in the ecosystem.

Data: Prediction market platform Polymarket's June transaction volume has exceeded 72 million US dollars, setting a monthly record high

BlockBeats news, on June 25, according to Dune data information, the prediction market platform Polymarket's June transaction volume has reached 72.23 million US dollars, a monthly record high. In addition, the platform's monthly new account number also hit a record high of 21,829.

According to its official website, the current mainstream prediction variety of the platform is the winner of the 2024 US presidential election, with a predicted amount of 182 million US dollars.

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群： https://t.me/theblockbeats

Telegram 交流群： https://t.me/BlockBeats_App

Twitter 官方账号： https://twitter.com/BlockBeatsAsia