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Rhythm Evening News|List of important information on July 2

BlockBeats2024/07/02 11:25
By:BlockBeats

The cumulative net inflow of US Bitcoin spot ETFs reached 14.654 billion US dollars

BlockBeats news, on July 2, according to Farside Investors monitoring, the US Bitcoin spot ETF has accumulated a net inflow of 14.654 billion US dollars since its launch. Among them:


BlackRock IBIT has a cumulative net inflow of 17.725 billion US dollars;

Fidelity FBTC has a cumulative net inflow of 9.231 billion US dollars;

Grayscale GBTC has a cumulative net outflow of 18.515 billion US dollars.


VanEck Research Director: The current market cooling is a precursor to another rise

BlockBeats news, July 2, according to Decrypt, VanEck Digital Asset Research Director Matthew Sigel said in a recent investor report: "If the current cycle is in line with previous trends, the market top may appear between the second and fourth quarters of 2025. Historically, the cryptocurrency market has experienced a clear four-year cycle, and the price peak usually occurs after halving. Each halving has set a new record high. "Matthew Sigel believes that the current market cooling phase is a precursor to another surge.


Matt Hougan, chief investment officer of digital asset management company Bitwise, believes that the market will rise further after the final launch of the U.S. Ethereum spot ETF, and the Ethereum ETF may have a net flow of $15 billion by the end of 2025. "Investors like technology stocks, and it's easy to imagine investors selling small amounts of technology investments and buying ETH."


Pav Hundal, chief market analyst at cryptocurrency trading platform Swyftx, said, "If nothing unexpected happens, decentralized finance will definitely be more attractive to businesses and retail investors when the political environment is so unpredictable."


Vitalik: Prediction markets and community notes have become two major social cognitive technologies today

BlockBeats news, on July 2, Ethereum co-founder Vitalik Buterin said on social media that prediction markets and community notes are becoming two major social cognitive technologies in the 2020s. These technologies are centered on the pursuit of truth and democracy, emphasizing open public participation rather than relying on pre-selected elites. In the future, we look forward to seeing more similar innovative developments.


Deribit bulk options data: A user bought a $3,500 call option at the end of September and sold a $4,500 call option

BlockBeats news, on July 2, according to data released by Deribit officials, today's ETH bulk options transactions: A user bought a $3,500 call option at the end of September, and sold a $4,500 call option at the same time, totaling 2,250 ETH, and paid a premium of $661,000.


According to its analysis, it is estimated that it is betting on the spot ETF in August. Buying the bull market spread can reduce costs and increase leverage. This transaction will be profitable as long as the expiration price is greater than $3,800 at the end of September.


The Ethereum Foundation has sold a total of 2,266 ETH since January 2024

BlockBeats news, on July 2, according to Spot On Chain monitoring, 20 minutes ago, the Ethereum Foundation sold another 100 ETH for 343,934 DAI.


Since January 2024, the Ethereum Foundation has sold 2,266 ETH and obtained 6.56 million DAI.


MAV, IMX, BEAM top the Smart Money 24-hour inflow list

BlockBeats news, on July 2, according to Nansen data, Smart Money 24-hour Ethereum network fund inflow tracking list is as follows:


MAV: Inflow of 2.77 million US dollars, current price is 0.25 US dollars, 24 hours down 5.62%;

IMX: Inflow of 700,000 US dollars, current price is 1.6266 US dollars, 24 hours up 3.48%;

BEAM: Inflow of 280,000 US dollars, current price is 0.0187 US dollars, 24 hours up 9.24%.


The Meme coin BILLY on the Solana chain briefly broke through $0.11, setting a new all-time high

BlockBeats news, on July 2, according to market information, the Meme coin BILLY on the Solana chain briefly broke through $0.11 and then fell back. It is now quoted at $0.1012, with a 24-hour increase of 35.97%, and the coin price has reached a record high.


PSTAKE broke through $0.12, up more than 20% in 24 hours

BlockBeats news, on July 2, according to HTX market data, PSTAKE broke through $0.12 and is currently quoted at $0.1228, up more than 20% in 24 hours.


Manta Network co-founder: Polkadot ecosystem is dead and the team is incompetent

BlockBeats news, on July 2, Manta Network co-founder Victor Ji posted: "The Polkadot team is incompetent and not truly decentralized. If they (Gavin Wood and their team) could put more energy into supporting the builders in their ecosystem, we would not be so disappointed. Many community members asked about the roadmap of our Atlantic (Polkadot parachain) project. What I want to say is that there is no roadmap in this regard at present, because we are now fully focused on Manta Pacific, because the entire Polkadot ecosystem is actually dead.


We will fulfill our promise to deliver the parachain as planned and continue to build great projects. However, discrimination against builders, especially against hardworking Asian builders in a bear market, is completely unacceptable."


Founder of Kaito AI: Kaito has achieved profitability for the first time and plans to launch new crypto-native applications

BlockBeats reported that on July 2, Yu Hu, founder of Web3 AI search platform Kaito AI, said that Kaito achieved profitability in June 2024, transforming from a startup that had to rely on venture capital to a company that could make profits on its own. Kaito's future plans include: launching a fully autonomous research assistant (an auxiliary research assistant is expected to be launched this month); improving the interface of crypto projects through its OpenAI-like reasoning API; and launching new crypto-native applications.


BlockBeats previously reported that in June 2023, AI crypto search engine Kaito completed a $5.5 million Series A financing with a valuation of $87.5 million, with Superscrypt and Spartan co-leading the investment. The goal is to create a Web3 search engine based on a large language model.


Linea launches free NFT casting event "Culture SZN"

BlockBeats news, July 2, according to official news, Ethereum L2 network Linea launched a free NFT casting event "Culture SZN", which will last for five weeks and is divided into four ordinary phases and one special phase. Users can cast NFTs every week during the ordinary phase from July 1 to August 1, and vote for their favorite NFTs, and finally select 5 Linea guilds.


Solana re-staking project Solayer completes Builders Round financing, Solana co-founder Toly and others participated

BlockBeats news, on July 2, Solana chain re-staking project Solayer officially announced the completion of Builders Round financing, Solana co-founder Toly, bonk_inu founder Nom, Solend co-founder Rooter, Drift co-founder Cindy Leow, Solana Foundation Adam Jin and others participated in the investment, the specific amount was not disclosed.


BlockBeats previously reported that on May 1, Solana re-staking project Solayer Labs said it currently hopes to raise $8 million at a valuation of $80 million in a seed round led by Hack VC. Rachel Chu of Solayer Labs said that the startup (founded 2 months ago) has raised nearly $10 million and received investment from Solana co-founder Anatoly Yakovenko.


Viewpoint: Based on a 2% custody fee, Coinbase may help the U.S. Department of Justice to custody $1.6 billion in confiscated proceeds

BlockBeats news, on July 2, Lin Chen, head of Deribit's Asia-Pacific business, expressed his opinion on X that the U.S. Department of Justice (DOJ) chose Coinbase Prime to custody the confiscated crypto assets and paid Coinbase $32.25 million for the custody and processing contract. Based on a 2% custody fee, the Department of Justice may have 1.6 billion in crypto assets to process. The scale of this crypto asset can also be called a top asset management company in the crypto field. The U.S. Department of Justice's largest revenues this year also came from the crypto field.


BlockBeats previously reported that the U.S. Marshals Service (USMS), the U.S. Department of Justice’s asset forfeiture agency, selected Coinbase Prime to provide custody and advanced trading services for its “Class I” (large assets) digital assets after a comprehensive process. These assets are centrally managed by USMS to support federal law enforcement. The U.S. Department of Justice (DOJ) paid Coinbase $32.5 million to use its custody and trading services to dispose of confiscated cryptocurrencies.



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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