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Kun Lee
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A whale transferred 22 million
CRV
, worth approximately $6.2 million, to Binance.
#CRV
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QCP Capital: Optimism about the September rate cut has not yet been digested by the cryptocurrency market Odaily Odaily News QCP Capital released a market analysis pointing out that the market expects a 70% chance of a rate cut in September. This optimism is reflected in the continued rise in the stock market, but has not yet been digested by the cryptocurrency market. BTC front-end volatility rose 5 points this morning, and risk reversals favored the upside, indicating that the market expects potential upside volatility. In addition, the German government transferred 10,000 BTC to exchanges and market makers yesterday. The wallet now holds only 15,000 BTC, compared with an initial 50,000 BTC in mid-June, indicating that supply pressures may have eased. With reduced supply, weaker CPI data could be a catalyst for a breakout of this range, especially with the upcoming spot Ethereum ETF trading next week, where risk-reward opportunities are expected. $PEPE $NOT $PEOPLE
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QCP Capital: Milder CPI data could be the catalyst to break out of current range On July 11, QCP Capital posted on its official channel that "the release of CPI data tonight has attracted widespread attention. The market expects the probability of the Federal Reserve cutting interest rates in September to be 70%. This optimism has been reflected in the continued rise of US stocks, but has not yet been reflected in the crypto market. The milder CPI data may be a catalyst to break the current range, especially with the support of Ethereum spot ETF trading that may be launched next week. We believe there is a compelling risk-reward opportunity in the upside through digital options." $PEPE $NOT $PEOPLE
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Stablecoin trading volume on centralized exchanges hit a 7-month low in June, but total market value increased According to ChainCatcher, BeInCrypto cited CCData as reporting that in June, the volume of stablecoins on centralized exchanges fell to a seven-month low, down 18% to $97 billion. Despite the decline in trading volume, the total market value of stablecoins increased by 0.53% to $161 billion, the highest level since April 2022, although the growth rate has slowed since May. Against the backdrop of increased market uncertainty, investors sought safe havens, and the market share of stablecoins rose from 6.22% in May to 6.83% in June. USDT dominated with a market share of 70%, and other stablecoins such as Ethena's USDe also achieved significant growth. The overall slowdown in trading volume reflects broader market uncertainty. $PEPE $NOT $PEOPLE
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In June, the trading volume of stablecoins on centralized exchanges hit a 7-month low, but the total market value increased PANews reported on July 11 that according to BeInCrypto, citing CCData, the trading volume of stablecoins on centralized exchanges fell to a seven-month low in June, down 18% to $97 billion. Despite the decline in trading volume, the total market value of stablecoins increased by 0.53% to $161 billion, the highest level since April 2022, although the growth rate has slowed since May. Against the backdrop of increased market uncertainty, investors sought safe havens, and the market share of stablecoins rose from 6.22% in May to 6.83% in June. USDT dominated with a market share of 70%, and other stablecoins such as Ethena's USDe also achieved significant growth. The overall slowdown in trading volume reflects broader market uncertainty. $PEPE $NOT $PEOPLE
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Solana Blink concept NFT project SEND IT floor price exceeded 0.5SOL, 24H increase exceeded 111% According to Tensor data, Solana Blink concept NFT project SEND IT's floor price exceeded 0.5SOL, and the 24-hour increase exceeded 111%. The 24-hour transaction volume was 3750 SOL, and the total transaction volume reached 7929 SOL. It is reported that the total amount of SEND IT is 10,000, which was issued to the community for free by the Blinks ecosystem project SEND on July 3. $PEPE $NOT $PEOPLE
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