QCP Capital: All signs point to a strong bullish July
BlockBeats reported that on July 1, QCP Capital published a statement saying that BTC rebounded from the $60,000 area to $63,700 at the beginning of the second half of the year, and briefly fell below the $60,000 support level last week. BTC spot ETFs had a net inflow of $73 million last Friday, the highest single-day inflow in two weeks. According to seasonal data, BTC's median return in July was 9.6%, especially after a strong rebound after a negative return in June (-9.85%).
QCP Capital’s options trading desk also saw flows on Friday in preparation for a month-end rally, likely in anticipation of the launch of an ETH spot ETF. All signs point to July being a bullish month.
Matrixport: Bitcoin and Ethereum are the best performing mainstream assets since the beginning of the year
According to BlockBeats, on July 1, according to data released by Matrixport, the best performing mainstream assets so far this year are Bitcoin and Ethereum. Ethereum and Bitcoin rose by 48.3% and 46.0% respectively, performing the best. The Nasdaq and S&P 500 rose by 20.0% and 15.1% respectively, oil and gold rose by 14.2% and 12.7% respectively, the US dollar rose by 4.5%, and bonds fell by 6.6%.
The wallet address marked as "German Government" transferred 400 BTC to CEX
According to BlockBeats, on July 1, according to Arkham data, 15 minutes ago, a wallet address marked as "German Government" transferred a total of 400 BTC to Bitstamp, Coinbase and Kraken, worth approximately US$25.28 million.
Meme launchpad platform Color: Colorpepe conversion will start in 3 hours
According to BlockBeats, on July 1, according to the official announcement of Meme launchpad platform Color, the Colorpepe conversion will start within 3 hours, and users can participate using PEPE and ETH. Color supports the conversion of Meme coins from the ERC20 standard to BC-404.
BlockBeats previously reported that the Meme launchpad platform Color announced the launch of the BC-404 hybrid contract standard for graph-to-coins. BC-404 combines ERC-404 and Bonding Curve. The number of tokens required to convert NFTs will increase with the overall conversion process. The first BC-404 Meme asset on its platform will be launched on Base, allowing users to use PEPE tokens to convert to ColorPEPE across chains with one click, and can be converted back at any time with principal preservation.
FET will carry out the first phase of merging with AGIX and OCEAN tokens at 23:00 today
According to BlockBeats, on July 1, SingularityDAO posted on X that at 23:00 today, FET will start the first phase of the ASI token merger plan with AGIX & OCEAN.
BlockBeats previously reported that Binance will stop trading and delist all existing FET, OCEAN and AGIX spot trading pairs at 11:00 on July 1, 2024 (GMT+8); and will open ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, ASI/USDT spot trading at 16:00 on July 5, 2024 (GMT+8).
AGIX and OCEAN will be converted to FET and then transitioned to ASI tokens starting from July 1st.
The first phase is scheduled to start on July 1, 2024, with the SingularityDAO dApp opening a migration platform for AGIX and OCEAN to FET, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET.
The second stage is the cross-chain deployment of ASI tokens. The FET network is upgraded to the ASI network. The migration contract from FET, AGIX, OCEAN to ASI is opened, EVM and other bridges are opened, and trading platforms begin to migrate from FET to ASI's spot market.
Catizen launches Catizen SDK, allowing developers to deploy games on Telegram with one click
According to BlockBeats, on July 1, Catizen officially launched Catizen SDK, which supports developers to publish games on Telegram. Catizen SDK provides tools and frameworks for designing and building games, supports one-click deployment of games on Telegram, and provides developers with APIs, real-time analysis, and cross-platform compatibility.
Jupiter Co-creation: Voting on reopening the Jupuary project will take place in the coming weeks, with a new design
According to BlockBeats, on July 1, Jupiter co-founder meow responded to the community’s question about “when will Jupuary be launched again” and said: “I am happy to, but ultimately Jupuary needs to be a community-driven plan, not my personal will. Voting will take place in the next few weeks.”
He also added that if Jupuary is launched again, its design will be very different from the first time, which is necessary.
LayerZero CEO responds to vulnerability rumors: There is no basis for the inference, and the protocol is secure
According to BlockBeats, on July 1, Bryan Pellegrino, co-founder and CEO of LayerZero Labs, responded to the news about "LayerZero suspected serious vulnerabilities" on the social platform and said, "This is completely unfounded. First of all, all the codes you mentioned were pushed in 2022. Secondly, all of these are application configurations, not protocol configurations.
The payload size limit is part of the application's security configuration, which sets up DVNs. Even in the latest versions, applications can override this limit. In other words, if applications cannot override this configuration, then LayerZero can prevent application messaging by configuring the "payload limit" to 0, which would go against the entire design principle of the protocol.
Just fork and test as stated in the original response, as I'm sure you confirmed at the time, this is not executable, and if it is executable it's because some application specifically chose to set it up that way, just like some application on Ethereum chose to write the wrong contract configuration.
Far from being a vulnerability, this is part of the protocol design. Any messaging protocol that has this configuration etched into the protocol can now censor any application. The two are inseparable. We believe in censorship-resistant technology rails.”
Aevo may release important content update
According to BlockBeats, on July 1, Aevo released a message predicting that "something new is coming", which may mean that an important content update will be released.
BlockBeats previously reported that on June 26, Aevo updated its token economics, and the four-month trading reward activity has ended and will not be continued. However, the staking reward will remain unchanged at 100,000 AEVO per week. In addition, for the rest of the year, Aevo will use the protocol revenue to repurchase AEVO tokens to empower token holders.
Given the current protocol revenue rate, Aevo will commit to buyback at least 1 million AEVO per month from July to December. Buybacks will be conducted on-chain every week. Repurchased AEVO tokens are sent back to the main DAO treasury. Future token economic adjustments (such as burns or reward schedules) will need to be voted on again by token holders.
Sony Group acquires crypto trading platform Amber Japan for billions of yen
According to BlockBeats, on July 1, according to Wu Blockchain, Sony Group has acquired Amber Japan and entered the field of crypto trading platforms. Sony's current business includes games, music, cameras, etc., with a market value of more than 100 billion US dollars. Previously, Singapore market maker Amber Group acquired Japan's regulated crypto trading platform DeCurret in early 2022 and changed its name to Amber Japan.
BlockBeats previously reported that the crypto trading platform Amber Group completed a $200 million financing in February 2022 with a valuation of $3 billion, with Temasek, Sequoia China, Pantera Capital and Tiger Global Management participating in the investment.
Binance Futures will launch CRV USDC-margined perpetual contracts with a maximum leverage of 25x
According to BlockBeats, on July 1, according to the official announcement, Binance contract platform will launch CRVUSDC perpetual contract at 15:00 on July 4, 2024 (Eastern Time 8), with the maximum leverage of up to 25 times.
OKX will remove RNDR currency pair leverage and perpetual contracts
According to BlockBeats, on July 1, according to the official announcement, OKX will delist RNDR perpetual contracts from 4:00 to 5:00 pm (UTC+8) on July 9, 2024, and will delist RNDR leveraged trading from 4:00 to 5:00 pm (UTC+8) on July 8, 2024.
