Today's news tips:
Harris picks Minnesota Governor Tim Walz as running mate
Trump announces major interview with Musk on August 12
Harris and other US Democrats will hold a meeting with crypto industry professionals on Thursday evening
BlackRock and Nasdaq apply to launch Ethereum spot ETF options trading
Data: SOL/ETH ratio hits a new all-time high of 0.0595
Paris Olympics venues hit by cyberattack, hackers demand ransom in cryptocurrency
X platform was exposed to test payment service Payments: involving transactions, balances and transfers, etc.
Starknet Foundation CEO Diego Oliva to step down, James Strudwick to take over leadership of the foundation
Market News
Harris picks Minnesota Governor Tim Walz as running mate
According to CNN, citing multiple sources, U.S. Vice President Harris has decided to choose Minnesota Governor Tim Walz as her running mate. Earlier news, Walz served as a U.S. Representative for the state's First District from 2007 to 2019. Walz has never spoken publicly about cryptocurrencies, and his tenure in the House of Representatives predates major bills in the industry, so it is difficult to judge what position he might take on digital assets.
Subsequently, US Vice President Harris and Tim Walz confirmed their relationship as running partners on social media.
Harris' running mate Walz was governor of Minnesota when the state issued strict crypto regulation legislation.
According to The Block, the American Association of Retired Persons (AARP) said that U.S. Vice President Harris' running mate Tim Walz has not yet publicly talked about cryptocurrencies, but during his tenure as governor, Minnesota enacted legislation to strengthen the regulation of cryptocurrency self-service terminals. In addition, according to Cointelegraph, Tim Walz's position on cryptocurrencies is closely aligned with that of U.S. Democratic Senator Warren, who advocates stricter regulation of cryptocurrencies.
As Fortune previously reported, Walz has never spoken publicly about cryptocurrencies, and his tenure in the House predates major bills on the industry, making it difficult to gauge what stance he might have on digital assets.
Harris and other US Democrats will hold a meeting with crypto industry professionals on Thursday evening
Forbes reporter Eleanor Terrett posted an update on the X platform saying that a meeting between crypto industry professionals and Democratic leaders including U.S. Vice President Harris, hosted by California Congressman Ro Khanna, will be held at 11:45 a.m. Eastern Time on Thursday (23:45 Beijing Time on Thursday).
Trump announces major interview with Musk on August 12
Republican presidential candidate Donald Trump announced that he will have a major interview with Elon Musk on the evening of August 12 (Monday), Reuters reported. Trump announced the news on social media but did not provide specific details.
Bank of Japan Deputy Governor: Bank of Japan will not raise interest rates if market is unstable
Bank of Japan Deputy Governor Shinichi Uchida noted that authorities need to monitor any potential impact of market developments on prices and the overall economy, and that the path of Japanese interest rates could change depending on that impact.
Project News
BlackRock and Nasdaq apply to launch Ethereum spot ETF options trading
According to The Block, Nasdaq and BlackRock plan to launch options based on Ethereum spot ETFs. In a document published on the website of the U.S. Securities and Exchange Commission (SEC) on Tuesday, BlackRock and Nasdaq proposed rule changes for listing and trading iShares Ethereum Trust (ETHA) options. The document stated: "The exchange believes that providing this option will benefit investors because it provides investors with a relatively low-cost investment tool to help them gain exposure to spot Ethereum, while also providing them with a hedging tool to meet their investment needs for Ethereum products and positions." Comments on the proposal will be submitted within 21 days. Bloomberg analyst James Seyffart tweeted that the SEC may make a final decision on the proposal in early April 2025. According to previous news, nine Ethereum spot ETFs, including BlackRock, were approved in May this year and began trading last month.
Starknet Foundation CEO Diego Oliva to step down, James Strudwick to take over leadership of the foundation
The Starknet Foundation announced in its official blog that Diego Oliva, who has served as the first CEO of the Starknet Foundation since March 2023, will step down after successfully building a strong team and structure for the Foundation. James Strudwick has served in the Foundation since January 2024 and will serve as Executive Director to continue to develop the Starknet ecosystem and its adoption. James Strudwick will take over the leadership of the Foundation. In order to ensure that all activities of the Foundation continue uninterrupted, Diego will remain in office for the next month to assist in the transition.
Metaplanet announced a free allotment of approximately $69.44 million in stock acquisition rights, and the proceeds will be used to purchase additional BTC
Metaplanet, a Japanese listed company, announced on the X platform that it would issue 10.08 billion yen (about 69.44 million U.S. dollars) of stock acquisition rights for free; the proceeds will be used to purchase additional BTC.
Ronin: White hat hackers have returned about $10 million in ETH, and USDC is expected to be returned later
The gaming blockchain Ronin released the latest progress of the theft incident. The white hat hacker has returned about $10 million in ETH, and USDC is expected to be returned later. The Hole Bounty Program will reward the white hat hacker with a bounty of $500,000. The Ronin bridge will be audited before reopening, and the latest news will be provided when the audit progresses. Previously, Ronin stated that the bridge fund withdrawal restrictions effectively prevented further damage caused by the vulnerability, and it was negotiating with the white hat hacker.
Paris Olympics venues hit by cyberattack, hackers demand ransom in cryptocurrency
According to Decrypt, the Paris 2024 Olympic venues and dozens of museum stores in France have been attacked by cyber attacks, and hackers have demanded a ransom in cryptocurrency. Hackers used the data processing systems of about 40 tourist attractions to collect sensitive financial data, including the Grand Palais Museum. The French Anti-Cybercrime Brigade (BL2C) is investigating the attack.
Bithumb will launch the io.net (IO) Korean Won market
According to Bithumb’s announcement, io.net (IO) will be launched in the Korean won market starting at 4 pm today (Korean time), supporting the Solana network but not supporting deposits from other networks. Trading and withdrawals will begin at 6 pm.
Nexera: Token contracts have been suspended and trading on decentralized exchanges has stopped
According to the official announcement of Nexera, the team is investigating the smart contract vulnerability involving NXRA tokens. Currently, the NXRA token contract has been suspended, the trading on decentralized exchanges has been stopped, and it is working with centralized exchanges to stop trading. Nexera recommends that all users stop trading immediately and will provide details of the next steps as soon as possible. Earlier today, suspicious transactions occurred in the Nexera proxy contract, with a total loss of approximately US$1.5 million.
Later news came out that affected by the Nexera attack, its NXRA token has fallen by more than 38% in the past 24 hours.
X platform was exposed to test payment service Payments: involving transactions, balances and transfers, etc.
Developer Nima Owji tweeted yesterday that Musk's X platform will launch X Payments, which will cover transactions, balances, and transfers. He said: X.com was once a payment system and will become one again. He also said that X is working on a feature that allows users to export account analysis data.
Musk has previously revealed plans to offer financial services on the X platform, including storing value, transferring money to others, accessing high-yield money markets, and more.
CoinShares Research Director: Investors are selling Bitcoin and buying Ethereum
James Butterfill, head of research at CoinShares, said on the X platform that Bitcoin had a net outflow of $165 million this week and a monthly net outflow of $544 million, while Ethereum had a net inflow of $175.5 million this week and a monthly net inflow of $170.6 million. The first two days of trading after the market fell showed that investors were selling Bitcoin and buying Ethereum instead. Overall, funds inflowed $8 million this week and a monthly net outflow of $377 million.
Important data
Bitcoin mining company Marathon Digital increased its holdings of Bitcoin worth more than $124 million in July
According to Cointelegraph, Bitcoin mining company Marathon Digital Holdings continues to increase its Bitcoin holdings as part of its "full holding" strategy. In July, Marathon Digital added 2,282 BTC, which is worth more than $124 million at current valuations. This means that Marathon's Bitcoin holdings reached 20,818 BTC, worth more than $1.14 billion.
In addition to purchasing BTC, Marathon also increased its Bitcoin production in July to 692 BTC, a 17% increase from the previous month. The announcement stated that the company holds a total of $1.6 billion worth of Bitcoin and cash. It is worth noting that Marathon did not sell any Bitcoin in June.
Uniswap Foundation releases Q2 financial summary: currently holds $36.81 million in cash and stablecoins, and 680,000 UNI tokens
The Uniswap Foundation released its financial summary for the second quarter ending June 30, 2024. The Foundation holds $36.81 million in cash and stablecoins, and 680,000 UNI tokens. In the second quarter of 2024, the Foundation pledged $3.22 million in new grants and paid out $2.48 million in pledged grants. Year-to-date, $7.55 million in grants have been pledged and $5.27 million has been paid out. Operating expenses were $1.6 million in the second quarter, excluding UNI employee token rewards.
An address containing 250 BTC was reactivated after being dormant for 11 years and 2 months
OKLink browser data shows that at 8:59 Beijing time, a dormant address containing 250 bitcoins (currently worth about $14 million) was activated after 11 years and 2 months. The bitcoins in this address were worth less than $30,000 in May 2013.
Jump Trading cashed out another $116.7 million and has deposited a total of 558.2 million USDC to Coinbase
According to Lookonchain monitoring, Jump Trading cashed out another $116.7 million 11 hours ago. Since July 24, Jump Trading has withdrawn 611.78 million USDC from Binance and deposited 558.2 million USDC into Coinbase, which may be exchanged for US dollars at a 1:1 ratio.
Binance CEO: Binance recorded $1.2 billion in net capital inflow in the past 24 hours
Richard Teng, CEO of Binance, said on the X platform that against the backdrop of the macroeconomic environment and yesterday's market drop, Binance recorded $1.2 billion in net inflows in the past 24 hours according to DefiLlama's CEX transparency indicator. This marks one of the highest net inflows in 2024, showing strong investor confidence. Yesterday, Binance also witnessed one of the highest trading volumes so far this year. We are currently witnessing a rebound in the prices of major tokens, which is confirmed by the current market trends.
5 whale addresses bought over $330 million worth of ETH during the market crash
According to Lookonchain, 5 whale addresses purchased 144,071 ETH (about $331.11 million) during the market crash. 7 Siblings spent 129.3 million USDC to buy 56,093 ETH at an average price of $2,305 (previously reported). 0x267e ... f91e spent 101.97 million USDC to buy 44,653 ETH at $2,284. Nomad Bridge attacker spent 39.75 million DAI to buy 16,892 ETH at an average price of $2,353. 0x5ac5 ... a17e spent 37 million USDT to buy 16,407 ETH at an average price of $2,255. 0xCaf1 ... 666E spent 23.08 million USDC to buy 10,026 ETH at $2,302.
Data: On August 6, Grayscale GBTC had a net outflow of US$32.2 million, and ETHE had a net outflow of US$39.7 million
According to Farside Investors, on August 6, Grayscale GBTC had a net outflow of $32.2 million, Ark ARKB had a net outflow of $28.9 million, Franklin EZBC had a net outflow of $23 million, and Bitwise BITB had no inflow or outflow. At the same time, Grayscale Ethereum Trust ETHE had a net outflow of $39.7 million, Grayscale Ethereum Mini Trust ETH had a net inflow of $4.7 million, and Franklin EZET had a net inflow of $1 million.
CryptoQuant CEO: The average Bitcoin mining cost for U.S. miners is about $43,000
Ki Young Ju, CEO of CryptoQuant, said on the X platform that the average cost of mining Bitcoin for U.S. mining companies is about $43,000. Marathon Digital showed in its second quarter report for 2024 that the average mining cost per Bitcoin was $42,969. This data can be calculated by its operating computing power, daily cost per Petahash and the average number of Bitcoins mined per day. Marathon Digital produced 2,058 Bitcoins during the reporting period, with an average daily mining of 22.9 Bitcoins.
Data: SOL/ETH ratio hits a new all-time high of 0.0595
The SOL/ETH ratio reached a new all-time high following a sell-off triggered by market turmoil. According to data from TradingView, the SOL/ETH ratio reached a new high of 0.0595 on August 6.
Bitcoin's market share rose to 55.9%, the highest since April 2021
According to CoinMarketCap data, Bitcoin's market value currently accounts for 55.9% of the total market value of cryptocurrencies, a new high since April 2021, and ETH's market share is about 15%. It is worth noting that SOL's market value share reached a historical high of 3.62% on July 29, exceeding BNB's 3.51%.
Ethereum spot ETF had a total net inflow of US$98.3006 million yesterday, and the ETF net asset ratio reached 2.36%
According to SoSoValue data, yesterday (August 6, Eastern Time), the total net inflow of Ethereum spot ETFs was $98.3006 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a single-day net outflow of $39.7293 million, and the current historical net outflow of ETHE is $2.203 billion. Grayscale Ethereum Mini Trust ETF ETH had a single-day net inflow of $4.7026 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $213 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was BlackRock ETF ETHA, with a single-day net inflow of $110 million, and the current historical total net inflow of ETHA reached $870 million. The second is Fidelity ETF FETH, with a single-day net inflow of US$22.4894 million. Currently, FETH's total historical net inflow has reached US$336 million.
As of press time, the total net asset value of the Ethereum spot ETF was US$7.06 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) was 2.36%, and the historical cumulative net outflow has reached US$364 million.
Jump Trading transferred 11,500 ETH to the selling address and continued to apply to redeem 19,049 stETH into ETH
According to the monitoring of on-chain analyst Ember, Jump Trading transferred 11,500 ETH to the selling address and continued to apply for the redemption of 19,049 stETH into ETH. The address responsible for unpacking and redeeming ETH by Jump Trading transferred 8/4 of the 11,500 ETH (about 28.9 million US dollars) applied for redemption to the address responsible for the subsequent distribution and transfer of ETH to CEX. Continue to transfer 16,210wstETH (about 47.92 million US dollars) from the address where wstETH is stored to the address responsible for unpacking and redeeming ETH, and continue to apply for redemption. The address where wstETH is stored still has 21,394 wstETH (about 63.33 million US dollars) waiting for subsequent redemption and transfer.
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