Today’s news tips:
1. Bitcoin ETF total asset management exceeds US$55 billion
2.Uniswap announced the upcoming v4 version
3. JDI Group and Tensor jointly launch the US$20 million Phoenix AI Ecological Fund
4.UniSat: The development work related to the cursed inscription has been completed and will be launched soon.
5. The founder of MakerDAO bought 1,008 MKR in the past 24 hours and has cleared all SHIB positions
6. Market: BNB breaks through $500, OKB breaks through $65
7.Tether issued an additional 2 billion USDT on the Ethereum network early this morning
regulatory news
Bloomberg Analyst: U.S. SEC staff’s lack of comment on Ethereum spot ETF is not a ‘good sign’
Bloomberg ETF senior analyst Eric Balchunas tweeted that the staff of the U.S. Securities and Exchange Commission (SEC) has not yet given any comments to the issuer applying for the Ethereum spot ETF. This is not a good sign because the staff will Leave a comment on the Bitcoin Spot ETF. At the same time, there is no problem with the Ethereum ETF losing the lawsuit in the US SEC, and the correlation between Ethereum spot and futures is not as strong as the Bitcoin ETF, so the situation may not be optimistic.
AI
JDI Group and Tensor jointly launch $20 million Phoenix AI ecosystem fund
According to Chainwire, DePIN investment and hardware manufacturing group JDI Group and Tensor jointly invested US$20 million to establish the Phoenix AI Ecosystem Fund, a strategic development fund designed to accelerate the development of the Phoenix AI application ecosystem and invest in artificial intelligence computing infrastructure hardware.
Half of the AI Fund will be used to invest, incubate and nurture new applications and AI ecosystem partners to build Phoenix's AI platform. Investment areas will include AI-powered DeFi, trading, Web 3 gaming, metaverse and content creation verticals. In addition to accelerating new applications running on Phoenix, another portion of the AI Ecosystem Fund is used to invest in the development of the hardware infrastructure and physical infrastructure needed to rapidly expand and grow Phoenix’s AI computing network.
Project news
UniSat: Development work related to Cursed Inscription has been completed and will be launched soon
UniSat issued an update on Twitter, stating that the UniSat App is undergoing a security review and Google Play review process, and has launched a proposal for self-minting and destruction functions to lay the technical foundation for the issuance of stable coins on the BRC-20 protocol. UniSat has completed the development work related to Cursed Inscription and is now in the testing phase and will be launched soon.
Uniswap announces upcoming v4 version
Uniswap announced on Twitter that the v4 version will be launched soon. According to previous news, the Uniswap Foundation announced that the Uniswap v4 version is expected to be launched in the third quarter of 2024. v4 will be the most rigorously audited code on Ethereum, and its release roadmap includes code freezing, auditing and testnet phases, and will eventually be pushed to the Ethereum mainnet in the third quarter.
Crypto broker eToro is seeking an IPO at a valuation of over $3.5 billion
eToro, an online brokerage that offers cryptocurrency and stock trading, is seeking an IPO at a valuation of more than $3.5 billion, with eToro considering either New York or London.
Previously, crypto broker eToro was considering an IPO after the SPAC deal was cancelled. Data shared by eToro shows that the company’s revenue in 2023 will be US$630 million, which is roughly equivalent to the US$631 million revenue in 2022. eToro now has 35.5 million registered users and more than 3 million capital accounts. The company's total client assets under management exceeded $10 billion in 2023, according to its financial data.
Jupiter: Stakeholders need to actively vote to receive rewards
Jupiter stated on the Jupiter said stakers need to actively vote to receive rewards. In the first four months (from March to June), Jupiter has 50 million JUP and other Launchpad fees (including 7.5 billion WEN). Another 50 million JUP will be put into use in the next quarter. These JUP tokens come from the TGE period. In addition to the JUP Launchpad fees paid, all future projects will pay 0.75% of their total supply to JUP DAO to be used as active staking rewards, which will also be distributed directly to voters.
PROOF Lianchuang is suspected of selling off its NFT holdings and has destroyed two ENS domain names under its name
NFT NOW data shows that Kevin Rose, founder of PROOF and Moonbirds, is suspected of selling some NFTs he holds and destroying his two ENS domain names krocold.eth and krovault.eth. In the past few days, Kevin placed orders for well-known NFTs such as Fidenza and Chromie Squiggle.
important data
Bitcoin ETF total assets under management exceed $55 billion
Coinglass data shows that the total asset management scale of Bitcoin ETF reaches US$55.34 billion. The top three Bitcoin ETFs are Grayscale GBTC (USD 27.729 billion), BlackRock IBIT (USD 12.966 billion), and FBTC (USD 8.345 billion).
The founder of MakerDAO bought 1,008 MKR in the past 24 hours and has liquidated all SHIB
According to monitoring by on-chain analyst @ai_9684xtpa, in the past 24 hours, MakerDAO founder Rune Christensen bought a total of 1,008 MKR worth US$2.43 million, with an average cost of US$2,408. In the process, Rune sold 425,000 LDO ($1.44 million) and 25 billion SHIB ($830,000), and all his SHIB has been cleared.
Tether issued an additional 2 billion USDT on the Ethereum network early this morning
Whale Alert data shows that Tether issued an additional 2 billion USDT on the Ethereum network through 2 transactions 5 hours ago. Tether CEO Paolo Ardoino said that the 2 billion USDT is a supplement to the Ethereum network inventory. It is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain Exchange stock.
A certain RNDR whale deposited 250,000 RNDR to Binance in the past 12 hours
According to monitoring by on-chain analyst @ai_9684xtpa, in the past 12 hours, the RNDR whale starting with 0x551 has deposited a total of 250,000 RNDR to Binance, worth US$3.05 million. If all are sold, the profit will be US$1.07 million. The giant whale still holds 500,000 tokens. Affected by the general rise in the AI sector, the remaining floating profit has expanded to US$2.14 million. RNDR is currently priced at $12.46, with an increase of 62.48% in the past seven days.
Market: BNB breaks through $500, OKB breaks through $65
According to Coingecko data, the market value of exchange-based tokens is now at $123.3 billion, up 4.3% in the past 24 hours. Among them, BNB is currently at US$512.78, up 5.2% in 24 hours; OKB is now at US$68.89, up 12.6% in 24 hours; HT is currently at US$1.15, up 0.3% in 24 hours. Bitget (BGB) is currently trading at $0.8768, up 0.7% in 24 hours; Gate (GT) is currently at $5.58, up 4.5% in 24 hours.
Market: WIF breaks through $2.4, hitting another all-time high
Coingecko data shows that the meme token dogwifhat (WIF) on Solana is currently trading at $2.4, with a 24-hour increase of 14.4%, reaching a record high.
qklpj.eth transferred 4 million ARKM to Binance, expecting to make a profit of US$2.8 million
According to on-chain analyst Ember Monitoring, qklpj.eth transferred 4 million ARKM (US$12.8 million) withdrawn from Binance 8 days ago to Binance. Calculated based on the price when the address was withdrawn from Binance, the cost of ARKM was approximately US$2.5. Now transferred to Binance at $3.20, if sold it is expected to make a profit of $2.8 million (+28%).
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