Fidelity FBTC had a net inflow of $57.8 million yesterday
According to BlockBeats, on July 11, according to Farside Investors data, Fidelity FBTC had a net inflow of US$57.8 million yesterday. As of press time, according to published data, the Bitcoin spot ETF had a net inflow of US$104.5 million yesterday.
Bitcoin recovers above $58,000
According to BlockBeats, on July 11, according to HTX market data, Bitcoin rebounded above US$58,000 and is currently quoted at US$58,034, a 24-hour increase of 0.53%.
The German government address may have sold $496 million worth of BTC in the past 16 hours
According to BlockBeats, on July 11, according to Spot On Chain monitoring, in the past 16 hours, the German government may have sold $496 million worth of BTC, including:
10,853 BTC ($637 million) were transferred out at approximately $58,659.
2,442 BTC ($141 million) were transferred back at approximately $57,560.
Currently, only 15,552 BTC ($894 million) remain in the German government address, which is about 31% of the original amount seized from the pirated movie website Movie2k in January.
Trump to Speak at 2024 Bitcoin Conference
According to BlockBeats, Trump will deliver a speech at the 2024 Bitcoin Conference on July 11. (Jinshi)
Powell: Fed doesn't need inflation to fall below 2% before cutting rates
According to BlockBeats, on July 10, Federal Reserve Chairman Powell gave a speech saying that the Fed has made considerable progress in inflation and that the Fed does not need inflation to be below 2% before cutting interest rates. (Jinshi)
MATR1X announces MAX token economics and will airdrop 94 million MAX to NFT holders
According to BlockBeats, on July 10, according to official news, Web3 cultural and entertainment platform MATR1X announced the token economics of its platform governance token MAX. It is reported that the total supply of MAX is 1 billion, and 94 million MAX will be airdropped to holders of MATR1X platform NFTs, such as YATC and MATR1X KUKU NFT holders. Its complete token distribution plan is as follows:
NFT Airdrops: 9.4%
Platform contribution: 27.6%
Ecosystem: 16%
Early Bird: 5.5%
Community: 10%
Investors and team 30%
Consultant: 1.5%
MAX will support a wide range of applications and services in the MATR1X ecosystem, with its main uses including: community governance, ecosystem value capture, participation in staking and rewards, and some exclusive privileges.
SATS rose more than 22% in 24 hours, temporarily reported at $0.0000002054
According to BlockBeats, on July 11, according to HTX market data, SATS broke through 0.0000002 US dollars and temporarily reported 0.0000002054 US dollars, with a 24-hour increase of 22.26%.
Lava Network airdrop inspection page is online, 6% of the total amount is used for this airdrop
According to BlockBeats, on July 11, Lava Network, a modular blockchain infrastructure developer, published a statement saying that it is taking a new approach to launch the LAVA token. The LAVA airdrop inspection page is now online. For the first time, 6% of the total LAVA tokens will be airdropped. Users who can receive the airdrop include early users (testnet participants, etc.), as well as Monad community members, node operators, researchers or technical contributors.
Farcaster user engagement hits all-time high, with 73,700 unique users last week
According to BlockBeats, on July 11, The Block reported that user engagement on the decentralized social media protocol Farcaster hit a record high, with 73,700 independent users last week, marking an important milestone in its growth trajectory. The platform has generated 62.58 million pieces of content, has 280,120 total users and 3,050 hubs, 190,540 connected addresses, and a network size of 142.83 GB.
Meanwhile, Farcaster has generated 611.03 ETH in revenue, demonstrating its potential to create value in the ecosystem. Founder Dan Romer announced the development of new tools to support USDC in-app payments, which may be the reason for the surge in users.
Sanctum: CLOUD airdrop will be available on July 18
According to BlockBeats, on July 11, Solana’s ecosystem liquidity pledge protocol Sanctum said that on July 16 (Tuesday), the LFG website will be online, and users can check airdrop allocations. On July 18 (Thursday), CLOUD will be officially launched, and users can claim airdrops and start trading CLOUD.
Notcoin, 1inch and Sign partner to launch startup accelerator for Telegram and TON ecosystem
According to BlockBeats, on July 11, The Block reported that Notcoin, 1inch and Sequioa-backed proof protocol Sign have cooperated to launch a new startup accelerator for Telegram and TON's crypto ecosystem.
The accelerator program, called Triangle, is designed to attract developers who want to build on Telegram and TON. The project particularly hopes to support those who want to improve TON UX, develop popular "click to earn" applets, and launch "consumer applications that connect Web2 and Web3." Triangle's vision is to allow millions of people to join Web3 seamlessly and user-friendly.
Algorithmic crypto trading platform Tread.fi completes $3.5 million financing, led by New Form Capital
According to BlockBeats, on July 11, The Block reported that Tread.fi, an algorithmic crypto trading platform founded by former Morgan Stanley employees, completed a $3.5 million seed round of financing. This round of financing was led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital and others.
Tread.fi founder and CEO David Jeong, formerly vice president of quantitative research at Morgan Stanley, declined to comment on valuation, but said the round was structured as a rolling Simple Agreement for Future Equity (SAFE) with a symbolic side letter, setting the stage for the next round in the first quarter of 2025.
Binance will delist BTC/TUSD, TUSD/USDT full-margin and isolated-margin leverage trading pairs
According to BlockBeats, on July 11, according to the official announcement, Binance will remove TUSD full-position and isolated-position leveraged trading pairs at 14:00 on July 24, 2024 (Eastern Time Zone 8):
Full margin trading pairs: BTC/TUSD, TUSD/USDT
Isolated margin trading pairs: BTC/TUSD, TUSD/USDT
Upbit launches GAL Korean Won trading pair
According to BlockBeats, on July 11, according to official news, Upbit announced the launch of the Galxe (GAL) Korean won (KRW) trading pair.
