Rhythm Morning News｜A list of important news from last night and this morning on July 19

Binance HODLer Airdrop Launches First Project Banana Gun (BANANA)

BlockBeats news, on July 19, according to the official announcement, Binance announced the first project Banana Gun (BANANA) on the HODLer Airdrop Portal. Users who subscribe to the BNB Simple Earn product between 00:00 on June 23, 2024 (UTC) and 23:59 on July 5, 2024 (UTC) will receive airdrop allocations. The BANANA HODLer airdrop page is expected to go live within five hours, and the new tokens will be distributed to users' spot wallets 1 hour before trading begins. Binance will launch BANANA at 09:00 (UTC) on July 20, 2024, and add a seed tag.

It is reported that Binance HODLer Airdrops is a plan to reward BNB holders with token airdrops based on historical snapshots of BNB balances. By subscribing to BNB Simple Earn, users will automatically qualify for HODLer airdrops (as well as Launchpool and Megadrop rewards).

Polymarket Biden's probability of withdrawing from the election soared to 87%, a record high

BlockBeats news, July 19, according to the prediction market Polymarket data, the current probability of Biden withdrawing from the US presidential election has soared to 87%, a record high.

According to the Associated Press, the US President Biden's campaign team will hold a full staff meeting on Friday local time.

CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points by September is 93.5%

BlockBeats news, on July 18, according to CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 95.3%, and the probability of cutting interest rates by 25 basis points is 4.7%.

The probability that the Federal Reserve will keep interest rates unchanged by September is 1.9%, the probability of a cumulative interest rate cut of 25 basis points is 93.5%, and the probability of a cumulative interest rate cut of 50 basis points is 4.6%.

CLOUD (Sanctum) has been launched on Jupiter, temporarily reported at $0.305

BlockBeats news, on July 18, Solana Ecosystem Liquidity Staking Protocol Sanctum has officially opened airdrop applications, and eligible users can claim them through the Jupiter LFG page. Its token CLOUD (Sanctum) has been launched on Jupiter, temporarily reported at $0.305.

Lens: Targeting to migrate to the ZKsync network in the fourth quarter

BlockBeats news, July 18, according to TheBlock report, Lens plans to release its ZKsync public testnet in the next one to two months, aiming to migrate to the ZKsync network in the fourth quarter. The third version of Lens will be deployed shortly after the network migrates to ZKsync.

Coinbase International will launch Bittensor, Toncoin and Tellor perpetual contracts

BlockBeats news, on July 19, Coinbase International announced that Coinbase International and Coinbase Advanced will launch Bittensor, Toncoin and Tellor perpetual contracts. TAO-PERP, TON-PERP and TRB-PERP markets will be open on or after 9:30 am (UTC) on July 25, 2024.

21Shares launches Injective equity pledge ETP product AINJ

BlockBeats news, on July 18, Injective announced on the X platform that 21Shares launched Injective's equity pledge ETP product AINJ, which will provide traders with INJ investment exposure through major traditional financial trading venues and brokers, and at the same time receive pledge rewards.

Degen: The problem of liquidity mining points not being updated has been solved, and the rankings have been refreshed

BlockBeats news, on July 18, Base Ecosystem Meme Project Degen posted on X that the team has solved the problem of liquidity mining points not being updated in the past few days. The rankings are now refreshed with the latest total points.

WazirX hackers have sold nearly $200 million worth of altcoins in exchange for 56,813 ETH

BlockBeats news, on July 18, according to the monitoring of on-chain analyst Ember, among the assets stolen by WazirX hackers, several major large-value altcoins have basically been sold:

5.4337 trillion SHIB (96.32 million US dollars) currently only 2700 trillion (4.78 million US dollars) remain unsold;

20.5 million MATIC (11.12 million US dollars), 640.2 billion PEPE (7.65 million US dollars), etc. have all been sold.

Currently, the number of ETH held by WazirX hackers has reached 56,813 (US$197.64 million), and only the altcoins worth US$25.29 million have not been sold.

Glassnode: Spot Bitcoin ETFs have 4 to 8 times more influence on BTC prices than miners

BlockBeats news, on July 18, according to Cointelegraph, Glassnode analyzed the largest Bitcoin investment entities and concluded that although miners have always been the main source of seller pressure, centralized trading platforms and US spot Bitcoin ETFs now have the greatest impact on BTC price trends. As of July 2024, trading platforms still hold more than 3 million Bitcoins, while ETFs manage 887,000 Bitcoins. In contrast, known miner-related wallets hold about 705,000 BTC. The current US spot Bitcoin ETF has become the second largest Bitcoin pool.

Glassnode data shows that miner balances fluctuate by about 500 BTC per week, which is only a small part of the changes in trading platform and ETF balances. "Historically, miners have been the main source of seller pressure, but their supply relevance does decline with each halving event," and currently, trading platforms and ETF balances may change by about 4,000 BTC per week, Glassnode said, "This shows that the market influence flowing through these entities may be 4 to 8 times greater than that of miners. The Bitcoin market absorbed 48,000 BTC last month. The complete exhaustion of the German government's seller pressure provided ample relief to the market, and the initial dawn of new demand stimulated positive price movements.

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