2024.7.4 Cryptocurrency Industry Dynamics

1️⃣Mainstream Exchange Dynamics:

▪️ Binance will remove the following spot trading pairs and stop trading: AI/TUSD, BTC/AEUR, CHR/BNB, ETH/AEUR, GAS/FDUSD, LQTY/FDUSD.

2️⃣Mainstream Projects and Hot Events:

▪️ The Federal Reserve meeting minutes show that the vast majority of people believe that US economic growth is gradually cooling down.

▫️ Mainland Chinese actress Fan Bingbing posted on social media that her personal comic IP project was officially launched today, and will work with well-known Japanese cartoonists to jointly create with readers on Web3 social platforms and X.

▪️ Playbux, the original BNB Chain ecological metaverse developer, announced the launch of an AI-driven Layer1 zero-fee gaming blockchain.

▫️ Crypto data analysis platform glassnode posted a message saying, "As the price of Bitcoin fell to the $60,000 area, many digital asset investors showed a certain degree of fear and pessimism.

▪️ Meme project BorpaToken announced the termination of cooperation with EntangleFi, and a few hours ago, it had completed a snapshot of Solana, Ethereum, Base, BNB Chain and Arbitrum.

▫️ Standard Chartered Bank predicts that Bitcoin may hit a record high in August and reach $100,000 in the US presidential election in November.

According to the prediction market Polymarket information, Biden's election probability fell to 15% today, hitting a new record low again, and Trump's election probability is currently 64%.

3️⃣ Financing dynamics:

▪️ Solana-based GPU tokenization protocol Compute Labs completed a $3 million Pre-Seed round of financing with a valuation of $30 million.

▫️ Solana Ecosystem Re-Pledge Protocol Solayer Completed a new round of financing, with Solana Labs Lianchuang and others participating in the investment.

▪️ Open Campus announced that it has received funding from the Arbitrum Foundation to build its upcoming EDU Chain.

4️⃣ Regulatory dynamics:

▪️ US judge supports CFTC, identifying OHM and Klima as commodities in a case involving a crypto Ponzi scheme.

▫️ The Basel Committee approved the bank's crypto asset risk disclosure framework and agreed to make targeted revisions to its crypto asset standards.

Original author:#BitgetResearch Institute