2024.7.18 Dexin Coin Circle Events
● On July 17, 9 ETFs increased their holdings by a total of 5,763 BTC (about $374.8 million).
● Now the bullish force is obviously stronger than the bearish, but the sentiment is relatively calm and has not yet entered the Fomo stage.
● More than 36% of Mt. Gox's Bitcoin has been distributed to creditors, but whales are still increasing their holdings.
● Maintain a medium-term bullish view, and the crypto market is ready for a rebound.
● Tether issued 452 million USDT yesterday.
● The $11 billion Grayscale Ethereum Trust (ETHE) has seen outflows after being converted to an ETF, which may not happen immediately, and price movements may begin to fluctuate.
● A large number of short positions are at risk of being liquidated at $71,500, with about $1.47 billion of short positions to be liquidated.
● Binance and Upbit will support $GAL token swap, rebase and rename to $G on July 19th This reset can create a new chart and unit bias that feels like a new listing to retail investors. As a trading strategy, one could consider buying $GAL before trading is suspended to take advantage of the potential listing rush.
● Grayscale launches a new fund for decentralized AI featuring $TAO, $FIL, $LPT, $NEAR, and $RNDR.
● Coinbase lists @Ancient8_gg $A8 token.
● $ATH - Aethir Foundation announces a $50 million community rewards program after canceling IOnet token swap.
● $BNX - BinaryX has announced a proposal to burn 74% of BNX max supply, moving to a deflationary model. Voting date TBD.
● $DMAIL - Dmail announces Season 2 airdrops will begin in late July.
● $FLOKI - Floki will make a marketing announcement on July 22.
● $NOT - Pixelverse will reward Notcoin holders. Notcoin Community, Gold and Platinum tiers will receive benefits from Pixelverse.
● $SEI - Sei Foundation announces $50M Japan Ecosystem Fund to promote the development of the gaming, social and entertainment industries.
● $UTK - xMoney unveils the final stage of UTK 3.0 Tokenomics with the introduction of Guilds.
● SEC Commissioner Hester Peirce says staking and physical creation/redemption of Ethereum and Bitcoin ETFs can be reconsidered. $LDO $RPL $SSV
