Headlines

Biden tests positive for coronavirus

According to CNN, Biden tested positive for the new coronavirus and canceled a speech today.

Biden: If health problems arise, I will consider withdrawing from the race

President Biden said in a new interview that he would reevaluate his presidential campaign if his doctors told him directly that he was not healthy, The New York Times reported. The comment was the latest in a series of back-and-forth explanations of what might have caused him to reconsider. Biden also said for the first time that he had hoped to "step away" from the presidency and hand it off to someone else, but that he decided to run again because he believed his "wisdom" and experience would help bridge the country's worsening divisions.

Regulatory trends

Hong Kong Spot Bitcoin ETF Total Holdings Exceed 5,000 BTC

According to data disclosed by HOD L1 5 Capital on the X platform, the total holdings of Hong Kong spot Bitcoin ETF exceeded 5,000 Bitcoins, setting a record high. Data shows that as of July 16, the total holdings of Hong Kong spot Bitcoin ETF reached 5,022 Bitcoins.

German law enforcement says nearly 50,000 BTC “emergency sale” has concluded, with revenue of $2.88 billion

According to Decrypt, German law enforcement disclosed to it that an "emergency sale" of nearly 50,000 Bitcoins has concluded, with sales revenue reaching $2.88 billion (2.639 billion euros), while the value of the Bitcoins was approximately $2.1 billion when German law enforcement seized them. German law enforcement said that these proceeds did not initially represent any additional income for the Free State of Saxony, but would be kept until the criminal proceedings were finally concluded.

The sale, which totaled 49,858 bitcoins, took place between June 19 and July 12 and was a coordinated effort between the Central Office for the Protection, Custody and Use of Cryptocurrencies of the Saxony State Police, the Dresden Public Prosecutor’s Office and German trading firm Bankhaus Scheich.

US election

The probability of Biden withdrawing from the election has risen to 65% on Polymarket

Data from prediction market Polymarket shows that the probability of Biden withdrawing from the US presidential election has risen to 65%.

Earlier news said Biden tested positive for the new coronavirus and canceled a speech today.

Biden: Tired of Elon Musk trying to 'buy' US presidential election

US President Biden posted on Elon Musk's social media account X: "I am tired of Musk and his group of wealthy people trying to buy this (US presidential) election."

Details of Trump's shooting revealed: The gunman was spotted by a sniper 20 minutes before he opened fire

The U.S. Senate briefing on the Trump rally shooting has just ended. It is reported that the gunman went to the rally site a few days in advance to scout the location. The time interval from the time the gunman was photographed and considered suspicious to the time he opened fire was 62 minutes; the time interval from the time he was discovered by the sniper to the time he opened fire was 20 minutes. FBI Director Wray said that the gunman has not yet been found to have contact with foreign countries, but has not found a clear motive. The gunman used encrypted communications and rarely used social media.

ETF Progress

9 Spot Ethereum ETF Fees Revealed

As issuers have successively submitted S-1/A and other documents of spot Ethereum ETFs to the US SEC, the fees of 9 spot Ethereum ETFs have been announced. The specific data are as follows:

BlackRock Spot Ethereum ETF has a fee of 0.25% (0.12% for the first $250 million), with the ticker ETHA; Fidelity Spot Ethereum ETF has a fee of 0.25% (no management fee in 2024), with the ticker FETH; Bitwise Spot Ethereum ETF has a fee of 0.20% (0% for the first $500 million or the first 6 months), with the ticker ETHW; 21 Shares Spot Ethereum ETF has a fee of 0.21% (0% for the first $500 million or the first 6 months), with the ticker GETH; VanEck Spot Ethereum ETF has a fee of 0.20% (0% for the first $150 million or the first 12 months), with the ticker ETHV; Invesco Galaxy Spot Ethereum ETF has a fee of 0.25%, with the ticker QETH; Franklin Spot Ethereum ETF has a fee of 0.21% (0% for the first $500 million or the first 6 months), with the ticker GETH; The fee is 0.19% (0% before January 21, 2025 or for the first $1 billion), and the code is EZET; the fee of Grayscale Spot Ethereum ETF is 2.50%, and the code is ETHE; the fee of Grayscale Spot Ethereum Mini ETF is 0.25% (0.12% for the first $2 billion or the first 12 months), and the code is ETH.

Bloomberg ETF Analyst: Only Proshares ETF Fee Information Missing

Bloomberg ETF analyst James Seyffart wrote that the fee information of the spot Ethereum ETF expected to be launched next week is currently missing only the fee information of the Proshares ETF. 9 of the 10 ETFs have announced their fees.

Project News

TON Foundation plans to launch Bitcoin cross-chain bridge service TON Teleport BTC

The TON Foundation plans to launch the Bitcoin cross-chain bridge TON Teleport BTC, which is reportedly a trustless bridge service designed to facilitate secure Bitcoin transfers between networks linked to Telegram. The TON Foundation said that the bridge service is designed to enable Bitcoin holders to participate in decentralized financial (DeFi) activities on TON while keeping their original assets safe.

Anatoliy Makosov, technical director of TON, said: "All transactions are executed through smart contracts and verified by TON blockchain validators. Storing and using Bitcoin on TON is as secure as on the Bitcoin network itself, but at a lower cost and more convenient."

Aethir suspends token swap with io.net and launches $50 million community rewards program

According to official news, Aethir announced the suspension of the $50 million token exchange plan previously agreed with io.net. The Aethir Foundation decided to launch the Aethir Community Rewards Program to distribute $50 million worth of ATH tokens originally allocated for exchange to loyal and active participants in the Aethir network to recognize the valuable contributions of the Aethir community and further incentivize people to continue to participate in the Aethir ecosystem.

The distribution of the program is as follows: (1) Checker Node License holder rewards. $20 million worth of ATH tokens will be distributed to Checker Node License holders, all of whom are eligible to receive a minimum number of ATHs; bonuses will be given to those who have staked at least 2,500 ATHs in each Checker License and those who have staked since the TGE. Aethir will take snapshots every day to determine eligibility, with the last snapshot to be taken on July 23, 2024. (2) ATH-AI staking pool yield enhancement. The remaining $30 million worth of ATH tokens will be allocated to the ATH-AI staking pool over 24 weeks to enhance yields and support the development of artificial intelligence applications on the Aethir network. Aethir claims that the $50 million community reward program is an important milestone towards the decentralized future of cloud computing, and will accelerate the growth and development of the Aethir ecosystem by redirecting resources originally used for the io.net token exchange.

Sanctum: The CLOUD airdrop allocation query portal has been re-launched and 1,000 new eligible users have been added

Sanctum posted on X that the CLOUD airdrop allocation query portal on LFG has been re-launched, and 1,000 new users who meet the airdrop qualifications have been added.

Additionally, after the Cupcakes EXP bug is fixed, non-Cupcakes holders may see their allocations slightly reduced, by up to 3%.

zkLink: Novadrop first round of ZKL token redemption will start on July 22

zkLink posted on the X platform that the first round of ZKL token redemption for Novadrop will begin on July 22.

According to previous news, on June 3, zkLink announced the launch of the first round of Genesis of the token airdrop NovaDrop. Eligible users will have 4 months to claim ZKL tokens. A total of 5% of ZKL shares will be available for claiming in the airdrop.

Character Voice

Vitalik Buterin: Against making political voting choices based on whether or not you support crypto

Ethereum co-founder Vitalik Buterin has expressed his opposition to making political voting choices based on whether or not they support cryptocurrencies. Supporting a politician should be based on their entire platform and views, not just because they support cryptocurrencies.

Vitalik wrote in the article that the cryptocurrency field is increasingly active in politics and supports political parties and candidates almost entirely based on whether they are willing to be tolerant and friendly to cryptocurrencies. But decisions made in this way are likely to go against the values ​​that originally brought you into the crypto field. In the crypto field, people tend to focus too much on the centrality of money and the freedom to hold and spend money (which can also be tokens). Bitcoin is seen as an extension of the libertarian spirit in the field of Internet payments. Vitalik believes that freedom is important, and decentralized networks are good at protecting freedom. Money is an important area where such networks can be applied-but it is only one of several important areas. And being friendly to cryptocurrencies now does not mean that it will still be friendly to cryptocurrencies in five years.

Bitwise CIO: Bitcoin ETF purchases more than twice as much BTC as miners mined since launch

Matt Hougan, chief investment officer of Bitwise, said that since the launch of the spot Bitcoin ETF, the number of bitcoins purchased by related funds has reached about 263,965, while the number of bitcoins mined by Bitcoin miners in the same period was 129,281, which means that the number of BTC purchased by Bitcoin ETFs since their launch is more than twice the amount mined by miners.

Additionally, Bitcoin has risen about 40% since the ETF’s launch on January 11 and more than 100% since October 2023, and the Ethereum ETF is expected to have a greater impact on ETH.

Putin: Cryptocurrency mining accounts for 1.5% of Russia's electricity consumption

Russian President Vladimir Putin said cryptocurrency mining accounts for 1.5% of Russia's electricity consumption.

Sanctum founder: We understand the disappointment of deposit users and there is absolutely no "rat trading"

In response to the community's controversy over the transparency and fairness of airdrops, Sanctum founder FP Lee said in a post on X: "This is the last time I will issue a response to airdrops. I know that many deposit users are disappointed, especially compared to those who get airdrops through non-deposit methods. They get a much smaller share of tokens and feel that they have been treated unfairly... I can deeply feel your pain, and I want to express my sincere gratitude to all those who silently support us. It is our great honor that you are willing to invest hundreds of thousands of dollars in our protocol..."

FP Lee added: “There is absolutely no internal allocation for the airdrop. We don’t know most of the users who have received Earnestness, but they have invested dozens or even hundreds of hours of their time in Sanctum for free.”