Hello everyone! Today we are going to talk about the latest developments in the crypto world! 🎉

BlockBeats news, on August 6, the Ethereum re-staking protocol Renzo officially opened the second season airdrop query! Are you excited? Friends who want to know if you have won the prize, hurry up and check it out!

To review, Renzo announced on July 28 that the second season snapshot was completed on July 26. The team is currently busy calculating enhancements, marking Sybils and conducting data analysis. It seems that the Renzo team is really working non-stop to bring you a better experience!

For those who don’t know much about it, Renzo is a re-staking protocol based on Ethereum. In short, it allows users to get extra income while staking Ethereum. Isn’t it cool? This is why every airdrop attracts everyone’s attention.

What does the opening of this airdrop query mean? First of all, everyone can check whether they are eligible for airdrop rewards. Secondly, this is also an affirmation of the work of the Renzo team. They are constantly optimizing and improving to bring better services to users.

Of course, the market always has ups and downs, and we must also maintain a neutral attitude to view these changes. No matter what the result is, it is a valuable experience. I hope that while enjoying the airdrop rewards, you can also learn and understand more about blockchain technology.

Finally, everyone is welcome to share your query results and experiences in the comment area! Your interaction and discussion are the driving force for our continuous progress. If you have any questions or ideas, feel free to leave a message and let's discuss together!

Looking forward to your wonderful comments! 😊

**The crypto market is experiencing a "perfect storm", and the prices of Bitcoin and Ethereum have plunged**

Hello everyone, today we are going to talk about the latest developments in the crypto market. On August 5, QCP Capital released a message on its official channel saying that we are experiencing a "perfect storm". The storm caused the prices of Bitcoin and Ethereum to fall to lows of $49,000 and $2,116, respectively. 😮

So, what is the direct trigger of this storm? It is reported that Jump Trading and Paradigm VC have carried out aggressive Ethereum selling, causing short-term Ethereum volatility to surge by more than 30% to 120%. Market makers are scrambling to cut short gamma, which may have further exacerbated market volatility.

Not only that, macroeconomic sentiment is also deteriorating. The poor performance of US unemployment data released last Friday has exacerbated market panic. The large-scale liquidation of various assets has led to a sharp rise in volatility, with the VIX index hitting 50, which is only higher during the Covid panic and the 2008 financial crisis. And the one-month at-the-money volatility of USD/JPY has soared to 16%, which may lead to further liquidation.

Global risk aversion has also begun to spread. Surprisingly, despite the turbulent market, the forward basis and funding rate have performed well. Does this mean that there is still a glimmer of hope for the market? We will wait and see.

For those who are interested in option risk indicators, BlockBeats also specifically mentioned some commonly used risk indicators, including Delta, Gamma, Theta, Vega and Rho. Among them, Gamma is used to indicate the sensitivity of Delta to the price change of the underlying asset. It is the second-order derivative of the option price change equivalent to the price change of the underlying asset, and it is also the only second-order derivative among the commonly used option risk indicators.

In general, the volatility of the crypto market makes people's heart beat faster, but it also provides investors with more opportunities and challenges. What do you think of the sharp fluctuations in the market this time? Welcome to share your views and insights in the comment area and discuss with us!

No matter how the market changes, staying calm and rational is always the key to investment. I hope everyone can find their own direction in this "perfect storm" and move forward steadily.

**Jump Trading's big move draws attention to ETH market trends! 🧐**

Hello everyone! Today we're going to talk about a big piece of news in the crypto market. According to EmberCN's monitoring and analysis, Jump Trading seems to be selling ETH on a large scale recently. What's going on? Let's find out!

First of all, Jump Trading is redeeming a $410 million wstETH (a total of 120,000) in batches into ETH and transferring it to trading platforms such as Binance and OKX. Does it sound a bit complicated? Don't worry, let's explain it step by step.

Starting from July 25, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH in just 9 days. Among them, 66,000 ETH (worth about $191.4 million) have entered the trading platform. The specific operation path is as follows:

1. **wstETH transfer out**: First, wstETH is transferred from address 0x48d...575 to 0x986...8c6.

2. **Unpacking and redemption**: Then, 0x986...8c6 unpacks wstETH and redeems it into ETH, and then transfers it to 0xf58...621.

3. **Transfer to trading platform**: Finally, 0xf58...621 transfers ETH to trading platforms such as Binance and OKX.

As of now, there are still 37,600 wstETH untransferred from Jump Trading's wstETH storage address; there are still 11,500 stETH in the ETH redemption address being redeemed into ETH; and another 20,000 ETH are waiting to enter the trading platform in batches.

So, what does this series of operations mean to the market? Jump Trading's large-scale operation has undoubtedly attracted widespread attention from the market. Although we cannot know their intentions for sure, this large-scale capital flow will undoubtedly have a certain impact on the market price of ETH.

For investors, this may be a signal that needs to be closely watched. Will Jump Trading's operations trigger market fluctuations? Will the price of ETH be affected as a result? These are all questions worth thinking about.

Finally, we also welcome everyone to share your views and insights in the comment section. What impact do you think Jump Trading's operation will have on the market? Will you adjust your investment strategy as a result? Come and discuss with us!

I hope this news can provide you with some valuable market insights.Remember to stay tuned, we will continue to bring you the latest blockchain industry trends!

**ZKX project suddenly shut down, investors and market makers caught off guard! 🤯**

BlockBeats reported that on August 4, the ZKX project suddenly announced its closure, which surprised investors and market makers involved in the project. Without any advance warning, the ZKX team's move caught many people off guard.

**Investor confusion and dissatisfaction**

Ye Su, founder of ArkStream Capital, expressed his dissatisfaction on X: "When ZKX shut down, as investors, we didn't receive any news at all. The team claimed that they had no money, refused to provide any financial or expenditure details, and refused to communicate with us." This sudden disconnection left investors very confused and disappointed.

**Market Maker's Dilemma**

As an investor and market maker of ZKX, Amber Group was also affected by this incident. The company said that they currently hold 3 million ZKX tokens after returning half of their initial 2 million token loan and purchasing 2 million tokens as part of market making operations since the TGE.

Amber Group further explained: "Due to the lack of buying interest in the market at launch and our commitment to providing continuous liquidity, we have been net buying ZKX tokens since listing, even when prices have fallen. This approach is in line with our commitment to supporting the project and its community, ensuring stable market conditions, even at our own expense."

**Market Reaction and Future Outlook**

The sudden closure of the ZKX project has undoubtedly caused a lot of shock to the market. Although we cannot foresee the future, this incident once again reminds us that we must remain vigilant and do a good job of risk management when investing in blockchain projects.

**Interaction Time**

Dear readers, what do you think about the sudden closure of the ZKX project? How do you think investors and market makers should deal with this emergency? Welcome to share your views and suggestions in the comment section, let's discuss this topic together!

**Summary**

The sudden closure of the ZKX project caught investors and market makers off guard, and also sounded the alarm for the entire blockchain industry. No matter how the market changes, maintaining information transparency and smooth communication are the keys to a project's success.Hopefully, we’ll see more projects improve in this regard in the future, bringing more confidence and security to investors and the community.

**New developments in the crypto world: BitCell NFT casting boom is coming! 🎉**

Hello everyone! Today we are going to talk about the hot topic in the crypto circle recently - BitCell NFT. On August 3, Cellula officially shared an exciting news: within a block height, lucky whitelist users completed the free casting of 1065 BitCell NFTs! And between July 31 and August 1, 2001 guaranteed whitelist users also successfully completed the casting.

**BitCell NFT listed on Dobby Market**

The good news doesn't stop there! Currently, BitCell NFT has been listed on Dobby Market, and users can go to trade. However, due to the slow confirmation speed of Bitcoin transactions, all successfully casted NFTs are expected to be sent to users' wallets before 10 pm on August 6.

**Airdrops and future plans**

Users holding BitCell NFTs will receive 20% of the total airdrop, which is a big benefit! What is even more exciting is that Cellula plans to conduct a TGE (token generation event) in the second half of 2024. After the TGE, users can stake BitCell to get additional incentives, and there will also be incentives from ecological partners.

**Cellula Development**

Since its launch, Cellula has attracted 210,000 on-chain users and minted more than 1 million BitLife. This series of data not only shows the strong appeal of Cellula, but also indicates more possibilities in the future.

**Welcome to interact**

Dear friends, what do you think of this BitCell NFT casting boom? Did you also participate in this casting? Or what are your expectations for the future TGE? Welcome to share your views and experiences in the comment area, let us explore this vibrant crypto world together!

Whether you are a crypto veteran or a novice, this wave of Cellula's operations is worth paying attention to. Looking forward to more surprises and opportunities in the future, let's cheer together!

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This article aims to provide you with the latest insights into the blockchain industry, maintain a neutral attitude, and look forward to everyone speaking actively in the comment area to share your insights and questions. Let us witness every step of the growth of the crypto world together!

📢【New Trends in Crypto Market: MicroStrategy Stock Target Price Raised! 】

Hello everyone, today we are going to talk about an interesting story in the crypto market! According to Coindesk, although MicroStrategy (MSTR)'s revenue in the second quarter did not meet expectations, Wall Street brokerage Benchmark is still confident in MSTR stock, raising its target price to $2,150 and giving it the highest rating. You know, the current share price of MSTR is only $1,447!

### MicroStrategy's Bitcoin Journey

Since August 2020, MicroStrategy has used Bitcoin as its main reserve asset, and its stock price has risen by 1,206%. This is in stark contrast to the performance of Bitcoin, the S&P 500 and the Nasdaq, which have risen by 442%, 64% and 60% respectively. It seems that Bitcoin has indeed brought a lot of good luck to MicroStrategy!

### Challenges in the Second Quarter

However, things are not all smooth sailing. MicroStrategy reported a net loss of $102.6 million in the second quarter, of which $180.1 million was due to Bitcoin impairment losses. Despite this, the company currently holds 226,500 Bitcoins, with an average purchase price of $36,821 per coin. This number is quite impressive!

### Market reaction

Benchmark analyst Mark Palmer pointed out in a research report that despite the losses, MicroStrategy's long-term strategy is still optimistic. After all, Bitcoin's volatility is well known, but in the long run, its potential is still huge. Benchmark's optimistic attitude also reflects the market's confidence in Bitcoin and blockchain technology.

### Your opinion?

So, what do you think of MicroStrategy's strategy? Do you think Bitcoin is a wise move as a primary reserve asset? Welcome to share your views and opinions in the comment section! 💬

### Conclusion

In general, MicroStrategy's story tells us that the crypto market is full of opportunities and challenges. Whether you are a loyal fan of cryptocurrency or a novice, this market deserves our continued attention. I hope everyone will actively communicate in the comment area, let us explore this vibrant field together!

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Looking forward to your wonderful comments! 😊

**Genesis Global completes restructuring, creditors usher in the "blood recovery" moment! **

BlockBeats news, on August 3, according to The Block, cryptocurrency lender Genesis Global announced that it had completed the restructuring process this Friday and began to distribute digital assets and US dollars worth about $4 billion to creditors. This news undoubtedly brought a ray of hope to the market, especially for those creditors who had suffered losses due to its bankruptcy.

Last January, when Genesis Global filed for bankruptcy, it disclosed that its creditors exceeded 100,000 and its debt was as high as $10 billion. This figure once shocked the entire cryptocurrency market. In particular, the company owed about $3 billion to its top 50 creditors, including the well-known cryptocurrency trading platform Gemini, asset management company VanEck and trading company Cumberland.

So, how much can creditors recover? According to the latest news, on average, Genesis's creditors will recover 64% of the repayments in physical cryptocurrency. Of course, the situation of each currency is slightly different. Bitcoin (BTC) creditors will recover 51.28% of BTC, Ethereum (ETH) and Solana (SOL) creditors will recover 65.87% of ETH and 29.58% of SOL respectively. Creditors of stablecoins or US dollars will receive 100% of the missing funds.

This is undoubtedly exciting news, especially in the current market volatility. Although not all creditors can fully recover their losses, this reorganization undoubtedly brings them hope and actual financial compensation.

For the entire blockchain industry, this is also an event worthy of attention. The completion of Genesis Global's reorganization not only marks its own rebirth, but also provides a reference case for other troubled cryptocurrency institutions. The self-healing ability of the market has been verified here.

Of course, this incident has also sparked widespread discussion. Some people think that this is a sign that the market is gradually maturing, while others are taking a wait-and-see attitude towards future market trends. In any case, this reorganization has undoubtedly injected a shot in the arm for the market.

Dear readers, what do you think of the reorganization of Genesis Global? How do you think this will affect the cryptocurrency market in the future?Welcome to share your views and opinions in the comment section, let us explore this dynamic and changing industry together! 😊

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This newsletter not only brings you the latest industry trends, but also hopes to stimulate more thinking and discussion through interactive communication. Looking forward to your participation!

【Crypto Story】Crypto market activity decreased in August, and token price fluctuations attracted attention

Hello everyone! Today we are going to talk about the latest developments in the cryptocurrency market. According to the latest report by Coinbase analysts David Duong and David Han, August is usually a month of reduced cryptocurrency market activity and price fluctuations of major tokens. Let's take a look at the specific situation!

First, the report pointed out that Bitcoin spot trading volume in August 2023 fell by 19% compared with June of the same year. This means that although Bitcoin is still attracting much attention in the market, trading activity has weakened. Bitcoin futures trading volume on global CEX (centralized exchanges) also fell by 30% during the same period. Does this mean that the market's interest in Bitcoin is weakening? Or is it just a seasonal fluctuation?

Jag Kooner, head of derivatives at Bitfinex, said in an interview that many assets may experience illiquidity in August. He believes that seasonal factors in August may be one of the main reasons for this phenomenon. Kooner expects Bitcoin prices to fluctuate between $61,000 and $70,000, which will provide an accumulation zone. For investors who want to accumulate more Bitcoin during a market downturn, this is undoubtedly an opportunity worth paying attention to.

Although market activity has decreased in August, this does not necessarily mean that the market outlook is bleak. On the contrary, it may be a good time to adjust and accumulate. For investors who are bullish on the cryptocurrency market in the long term, such fluctuations may be exactly what they are looking forward to.

So, what do you think of this seasonal fluctuation in the cryptocurrency market in August? Do you think this is a good time to accumulate, or should you stay on the sidelines? Welcome to share your views and opinions in the comment area, let's explore this interesting topic together! 😊

In general, the volatility of the cryptocurrency market has always been its charm and challenge. No matter how the market changes, being rational and cautious is always the key to investment. Looking forward to seeing everyone's wonderful discussion in the comment area!

(This article is for reference only and does not constitute an investment advice. Investment is risky and you need to be cautious when entering the market.)

📢 Hello everyone! Blockchain enthusiasts, take note! We have an important message for you!

**DeBank XP claim is about to end! **

On August 2, DeBank posted an important reminder on the X platform: DeBank initial XP claim will end at 8:00 on August 4. That means there are less than two days left before the claim deadline! If you haven't claimed your initial XP yet, now is your last chance! ⏰

**How ​​to get more XP? **

Although the initial XP claim is about to end, don't worry, you can still get more XP by completing and recommending tasks on DeBank. The tasks are rich and varied, which can not only help you better understand the blockchain world, but also improve your social ranking and credit score.

**Review of DeBank XP Snapshot**

Let's review the previous news: DeBank announced that the DeBank XP snapshot was taken at 8:00 on July 4, Beijing time. All active addresses have the opportunity to claim the initial XP airdrop. DeBank has distributed XP to addresses that hold assets greater than 0 and meet any of the following conditions:

1. Active on-chain in 2024 (initiated at least one transaction)

2. Active on DeBank in 2024

**XP Distribution Basis**

Each address's initial XP will be determined by its on-chain assets, credit, and Web3 social ranking on DeBank. This means that your on-chain activities and social interactions will affect the amount of XP you can get. So, staying active and actively participating in community interactions will be of great benefit to you!

**Interaction time! **

What do you think of DeBank XP? Have you claimed XP? Share your experience and experience with us in the comment section! If you have any questions or suggestions, you are also welcome to raise them in the comment section, let's discuss and make progress together!

**Summary**

DeBank XP claims are about to end, hurry up and claim your initial XP! At the same time, don't forget to get more XP by completing tasks and referrals. Stay active on the chain and DeBank, improve your social ranking and credit score, and let us keep moving forward in the world of blockchain!

Come and interact with us in the comment section! Looking forward to your sharing and insights! 🎉

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We hope this newsletter helps you better understand the latest developments of DeBank XP. If you have any questions or need further information, please feel free to contact us!

**New developments in the crypto world: Arbdoge.ai founder Wang Dayou launches airdrop project "Confederation"**

BlockBeats news, on August 2, Arbdoge.ai founder Wang Dayou officially announced the launch of a new airdrop project - Commonwealth (hereinafter referred to as "Confederation"). Once this news was released, it immediately attracted widespread attention and heated discussions in the crypto community.

**Airdrops cover a wide range, and mainstream public chains participate**

It is reported that the "Confederation" project will be officially launched in August, and plans to cover more than 10 mainstream public chains and set up more than 500 airdrop standards. This means that the number of addresses that meet the airdrop collection standards will reach an astonishing 70 million+. Such a huge coverage will undoubtedly provide more opportunities for the majority of crypto enthusiasts to participate.

**Galxe platform activities, generous rewards are waiting for you**

Currently, users can participate in the "Confederation" OAT series of activities on the Galxe platform, a total of 12 OAT. As long as you receive 3 or more OAT, you can participate in the BOX NFT lottery worth $200,000. In addition, users who participate in this OAT event will also be included in the second round of airdrops, and there will be more opportunities to receive generous rewards in the future.

**A neutral attitude towards the market, opportunities and challenges coexist**

We are neutral about this new project. Although the airdrop plan of "Confederation" looks very tempting, market volatility and uncertainty still exist. For investors, it is both an opportunity and a challenge. We recommend that everyone fully understand the details of the project and rationally assess the risks before participating.

**Community interaction, share your views**

Dear readers, what do you think of the new project "Confederation"? Will you participate in the OAT event of the Galxe platform and strive for the BOX NFT worth $200,000? Welcome to share your views and questions in the comment area, let us explore this crypto world full of opportunities together! 😊

**Summary**

In general, the "Confederation" project launched by Arbdoge.ai founder Wang Dayou has undoubtedly brought new vitality and expectations to the crypto community. Whether you are a veteran player or a novice, you can find your own opportunities in this project. Remember, rational investment and cautious participation will enable you to move forward steadily in this market full of variables.

Looking forward to seeing your wonderful comments in the comment section!

📢【Futu Securities International launches cryptocurrency trading services, market response is enthusiastic】

BlockBeats news, on August 2, Futu Securities International (Hong Kong) officially provided cryptocurrency trading services to retail customers! According to TheBlock, the managing director of Futu Group said that on the first day of the launch of the cryptocurrency trading service, the market response was quite positive. It seems that everyone is looking forward to this new service!

In order to attract more users, Futu has also launched a series of attractive incentives. As long as you open an account with Futu and hold assets for a certain period of time, you will have the opportunity to receive Bitcoin, Alibaba and Nvidia stock rewards! Isn’t it exciting? This is a good opportunity to experience the fun of cryptocurrency trading and get extra stock rewards. Why not?

Futu Hong Kong has previously announced that it has officially launched virtual currency trading services, becoming the first brokerage in Hong Kong to launch zero-commission trading of virtual currencies. As soon as this news came out, it immediately attracted widespread attention. Futu's application "Futu Niu Niu" has started to provide virtual currency trading services since August 1. The threshold is also quite affordable, and you only need 80 Hong Kong dollars or 10 US dollars to start trading.

Futu's virtual currency trading functions are quite rich, including 4 spot trading pairs including Bitcoin, Ethereum and US dollars and Hong Kong dollars. In addition, Futu also provides Hong Kong and US stock spot ETF trading, Hong Kong and US stock futures ETF trading, and related investment categories such as blockchain concept stocks. Whether you are a beginner or a senior investor in cryptocurrency, you can find investment opportunities suitable for you in Futu.

We are neutral about the future development of the cryptocurrency market. Although the market response is positive, investment still needs to be cautious. After all, the cryptocurrency market is volatile, and investors need to do a good job of risk management. However, Futu's zero commission trading and rich investment options do provide investors with more opportunities and convenience.

Dear friends, what do you think of the cryptocurrency trading service launched by Futu? Would you consider opening an account with Futu and participating in cryptocurrency trading? Welcome to share your views and experiences in the comment area, let us discuss together!💬

I hope everyone will remain rational and do a good job of risk management while investing. I wish everyone a smooth investment and a prosperous financial future!

🎉【Blockchain Hackathon Competition Announced, Creative Projects Emerge in Endless】🎉

Hello everyone! Today we are going to talk about a big event in the blockchain circle recently - the winning projects of the "Onchain Summer" global online hackathon competition held by Base have been announced! The event started on May 31 and ended on June 30, attracting more than 7,500 developers from all over the world to participate and submit more than 1,250 projects. It was really lively!

First of all, Base expressed great appreciation for the enthusiastic participation in this event. The original planned bonus pool was 200 ETH, but because the number of projects and creativity exceeded expectations, Base decided to increase the bonus pool to 250 ETH, which is really generous!

So, which projects stood out in this hackathon? Let's take a look!

In the payment track, projects such as BasedCoffee, Slice and Base Token Store won the grand prize. These projects not only demonstrated the huge potential of blockchain in the payment field, but also brought new possibilities for future payment methods.

Winners of the Business Track include popshop, ReferWare, and FramePay. These projects have brought more innovation and convenience to the business field through blockchain technology.

Winners of the Creator Track include Feed, anglez.xyz, and Onchain-Experiments_V1. These projects provide creators with more tools and platforms to better showcase and share their works.

In addition, Base has set up a 40 ETH reward for successful integration of Smart Wallet, OnchainKit, Verification, and Coinbase Paymaster. Even those developers who did not win but submitted their projects received an additional 20 ETH allocation, which really encourages everyone to actively participate!

This hackathon not only demonstrated the diversity and innovation of blockchain technology, but also provided a platform for developers to showcase their talents. Whether you are a blockchain veteran or a novice who is just getting started, this event has shown us the infinite possibilities of blockchain technology.

What do you think of these winning projects? Which project do you think is the most promising? Welcome to share your views and opinions in the comment section, let's discuss the future of blockchain together!💬

In general, this "Onchain Summer" hackathon is not only a feast of technology, but also a collision of creativity. I look forward to more such events in the future, let us witness the continuous progress and development of blockchain technology together!

🎉 Big news! On August 1, the Layer 1 blockchain Venom Foundation announced a historic agreement with the Republic of the Philippines to use its advanced blockchain technology to digitize tens of billions of forms! This is a big step for the blockchain industry!

First of all, the Philippine government's trust in Venom is unprecedented. They believe that blockchain technology is not only secure, scalable, but also very efficient. Through this cooperation, the Philippine government hopes to revolutionize the way data, transactions, and record keeping are kept, setting a new benchmark for transparency and efficiency.

Specifically, Venom technology will digitize approximately 10 billion traceable forms. These forms include but are not limited to invoices, receipts, cash tickets, document stamps, and special bank receipts. Each form will be individually identified, accounted for, and provided with appropriate security protection. This will not only improve the efficiency of data processing, but also ensure the security and traceability of data.

This initiative marks a new stage in the Philippines' digitalization process. Through blockchain technology, governments and large institutions will be able to process data more efficiently, reduce human errors, and improve work efficiency. This is undoubtedly an exciting development direction!

For blockchain enthusiasts and practitioners, this collaboration is undoubtedly a case worth paying attention to. It demonstrates the huge potential of blockchain technology in practical applications and provides a reference model for other countries and institutions.

What do you think of this collaboration? Do you think blockchain technology can be similarly applied in other countries and fields? Welcome to share your views and insights in the comments section! Let's discuss the future of blockchain together! 🚀

**Casper network resumes operation! Blockchain security is once again in the spotlight**

Hello everyone! Today we are going to talk about an interesting blockchain story. On August 1, the Casper network finally resumed operation after experiencing a security vulnerability. This incident has shown us the complexity of the blockchain world and the importance of teamwork.

**Suspension caused by security vulnerability**

Here is what happened. At 11:18 pm on July 31, 64 validators of the Casper network unanimously agreed to suspend network operations in response to a sudden security vulnerability. These validators account for 85% of the CSPR staked on the network, and their decision is undoubtedly to protect the security of the entire network.

**Teamwork to solve problems**

In this incident, the Casper team demonstrated strong coordination capabilities. Through the joint efforts of validators, engineers and other stakeholders, the problem was effectively solved. The latest news released by the team pointed out that this suspension brought a lot of technical challenges, especially because it occurred in the middle of the network's active period, not at the end.

**Technical details revealed**

In order to resume network operations, the team took some technical measures. They deleted two blocks containing four transactions, effectively isolating these transactions and their impact on the blockchain. In addition, the upgrade process also involves deploying new Casper node binaries and standard configuration files. These operations may seem complicated, but they are all to ensure the security and stability of the network.

**Neutral point of view: security and challenges coexist**

This incident reminds us that although blockchain technology has broad prospects, it also faces many challenges. Security issues are an important topic that cannot be avoided in the blockchain world. This experience of the Casper network not only demonstrates the team's ability to cope, but also reminds us that while enjoying the convenience of technology, we cannot ignore potential risks.

**Welcome to interact**

Friends, what do you think of this security incident of the Casper network? What challenges do you think blockchain technology will encounter in future applications? Welcome to share your views and insights in the comment area! 😊

In general, the resumption of operation of the Casper network is undoubtedly good news, but we must also remain vigilant and continue to pay attention to the development and security issues of blockchain technology.Looking forward to your lively discussion!

Hello everyone! Today we are going to talk about an interesting cryptocurrency story and look at the recent market movements of Bitcoin! 📈

BlockBeats news, on August 1, a key Bitcoin trading indicator reached the "narrowest point" in the past year. What does this mean? The last time this happened, Bitcoin rose 20% in four months. Isn't it exciting?

Cryptocurrency trader and analyst Matthew Hyland said that "a volatility is almost imminent." He pointed out that Bitcoin's Bollinger Bands reached the "third highest point" on the weekly time frame since its creation in January 2009. Bollinger Bands are a tool that measures asset momentum and volatility within a specific range. Simply put, it can help us predict market volatility.

Of course, Matthew Hyland is not the only trader who has discovered this new pattern. Crypto trader MaxBecauseBTC also added: "The Bollinger Bands of the Bitcoin weekly time frame have only been so tight twice in history... in April 2016 and August 2023." It seems that this phenomenon is not common, and it may really mean that the market is about to usher in a big move.

Kristoph Jeffers, COO of Three Jay Partners, wrote on X: "What surprised me is that the Bitcoin weekly Bollinger Bands are now narrower than the daily Bollinger Bands." What does this mean? Simply put, the narrowing of the weekly Bollinger Bands may indicate that greater market volatility is coming.

So, as ordinary investors, how should we view this information? First of all, it is very important to stay calm and rational. Market volatility is the norm for cryptocurrencies. Whether it is rising or falling, we need to keep a clear head. Secondly, allocate assets reasonably and avoid investing all funds in a single asset to reduce risks.

Finally, everyone is welcome to share your views and predictions in the comment area! How do you think Bitcoin will perform next? Will it continue to rise or will it experience a wave of adjustments? Let's discuss it together!

In general, the movement of the Bitcoin market is always full of uncertainty and surprises. Whether you are a novice or a veteran, I hope you can find your own investment strategy in this market full of opportunities and challenges.come on!

### Harris contacts the crypto industry, the Democratic Party's "close contact" with cryptocurrencies?

Hello everyone! Today we are going to talk about an interesting thing in the US election. On August 1, according to Cailian News Agency, the US Democratic presidential candidate Harris has been busy "dealing" with the cryptocurrency industry recently. What is the mystery behind this? Let's find out!

First of all, Harris' team has recently contacted many "big names" in cryptocurrency companies, including well-known companies such as Coinbase, Circle and Ripple Labs. These companies are the "pillars" of the US cryptocurrency industry. Harris's move is obviously to have a more constructive dialogue with the crypto industry.

So why did Harris do this? In fact, there is a big background behind this. Republican candidate Trump has promised to include cryptocurrencies in the US strategic reserve, which undoubtedly gave the crypto industry a "boost". Harris' team obviously does not want to lag behind on this issue, and tries to win the support of the crypto industry by establishing a regulatory framework conducive to the development of cryptocurrencies.

In this election, the importance of the cryptocurrency industry has been further highlighted. Whether it is Trump's promise or Harris's contact, it shows the potential and status of cryptocurrency in the future US economy.

Of course, we should also maintain a neutral attitude to look at this matter. The development of the cryptocurrency industry has both opportunities and challenges. The establishment of a regulatory framework needs to balance the interests of all parties, protecting investors and promoting innovation. Whether Harris's move can really bring positive changes, it will take time to verify.

Dear friends, what do you think of Harris's "close contact" with the crypto industry? What role do you think cryptocurrency will play in the future US economy? Welcome to share your views and opinions in the comment area, let's discuss together! 😊

Whether you are a "hard fan" or a "wait-and-see" of cryptocurrency, the crypto story in this election is worth our attention. After all, the future economic form may quietly change in these policies and dialogues.

Looking forward to your wonderful comments!

**New trends in the Bitcoin market: Investors need to rethink! **

BlockBeats news, on August 1, Bitwise CIO Matt Hougan made a striking point of view at the Bitcoin 2024 conference. He believes that the market's attitude towards Bitcoin is "not optimistic enough" and calls on investors to re-examine the potential upside of this mainstream cryptocurrency. 🎢

First, Hougan mentioned that political support is an important factor in the growing popularity of Bitcoin. As cryptocurrencies become more popular among the American people, the powerful lobbying power in Washington has prompted many politicians to publicly support Bitcoin. Although these supports are sometimes more to attract voters' attention rather than truly believe in the value of Bitcoin, it has also brought more attention and recognition to Bitcoin.

Secondly, Hougan believes that this shift in views and the popularity of Bitcoin have made some ideas that were once considered far-fetched more and more likely. For example, G20 countries may add Bitcoin to their balance sheets to preempt the United States. In addition, due to bipartisan support, comprehensive crypto legislation is expected to be passed quickly, and Wall Street may also accept cryptocurrencies on a large scale.

What do these changes mean? For investors, it may be time to rethink the potential of Bitcoin. Although the market's attitude towards Bitcoin seems a bit conservative at present, as the attitudes of the political and financial circles change, the future of Bitcoin may be brighter than we think.

Dear readers, what do you think about the future of Bitcoin? Do you think political support can really promote the popularity of Bitcoin? Welcome to share your views and insights in the comment section and discuss this potential market with us!

### Crypto market recreates miracle! Brother Sun made $150,000 in one minute 🎉

In the downturn of the crypto market, there are still shining stories of getting rich. On the last day of July, the well-known player "Brother Sun" 0xSun made $150,000 in just one minute! This amazing record not only caused a sensation in China, but also attracted international attention. The English-speaking KOL @CirrusNFT also reported on this.

### Brother Sun's secret to success

The editor has studied Brother Sun's operation process in depth. According to 0xSun's tweet, he used his deep understanding of FLC (Floor Protocol) to discover a huge arbitrage opportunity. FLC is a protocol that fragments ERC-721 small pictures into ERC-20 Tokens for trading, which provides Brother Sun with a unique advantage.

### Ape Finance's mysterious big account

0xSun mentioned that the deployer of $BAYC is Ape Finance: Deployer. At the beginning, an address (0x6B8c262CA939adbe3793D3eca519a9D64f74D184) injected 72 ETH into the $BAYC pool. This address once deposited 1,000 ETH in Blast and held 451 DeFi Apes. Although the identity of this big account has not been revealed, its operation has attracted widespread attention.

### Ape Finance's silence and recovery

Ape Finance has been almost "lying flat" since May 2023, and it did not launch a new NFT bridge function until this Monday. Despite this, their official push and forum are still deserted, with almost no discussion.

### $BAYC's surge and arbitrage

$BAYC surged 10 times within 5 minutes of opening. 0xSun quickly discovered that its contract had the "picture-to-coin conversion" function and successfully arbitraged. Later, another player, vasechka.eth, also participated and made a lot of profit through a series of operations.

### Risks and opportunities coexist

Although the operations of Sun Ge and vasechka.eth are enviable, this kind of arbitrage is not replicable by everyone. In addition to the cost of buying BAYC, the risks of the contract itself cannot be ignored. The editor reminds everyone that the incident in which the former "white lotus" Lotus locked the player's funds due to contract code problems is still vivid in our memory.

### Ape Finance's official statement

At 2:40 am today, Ape Finance finally announced on its official Twitter that $BAYC is the meme token they launched, not the "picture-to-coin conversion" function. This statement makes people wonder whether the masters on the chain have disrupted Ape Finance's plan in advance?

### Future Outlook

I think this $BAYC story may not be over yet. It may have an impact on the price of BAYC NFT in the future, and even bring opportunities for two-way profit. You may wish to share your views and speculations in the comment area and discuss this interesting market dynamics together!

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I hope this news flash can bring you some inspiration and fun! Remember to leave your opinions in the comment area~

**Jokerace, an on-chain competition platform, has completed a $3 million financing round, led by Maven 11**

Hello everyone! Today we are going to talk about an interesting blockchain project - Jokerace. The platform has just completed a $3 million round of financing, jointly participated by Maven 11 and about 30 angel investors. Isn't it cool? 😎

### What is Jokerace?

Jokerace is a no-code project that allows users to launch various competitions, debates, and hackathons on the chain. Whether you are a technical expert or a blockchain novice, you can easily participate in it. The original intention of this platform is actually very simple: the founders launched a competition among friends to see who can post the funniest jokes on Twitter. Unexpectedly, this small idea has developed into a big project!

### Financing purpose

So, what will the $3 million funds be used for? It is reported that the funds will be mainly used to expand Jokerace's marketing and business development efforts. The three-person team hopes to attract more users and projects to participate in their platform through this fund. After all, with the support of funds, they can do more promotional activities, and there may even be more interesting competitions and activities waiting for everyone!

### Why is it worth paying attention to?

You may ask, why should we pay attention to Jokerace? First of all, this platform brings new gameplay and innovation to the blockchain industry. The code-free design allows more people to get started easily and no longer be troubled by technical barriers. Secondly, Jokerace's competition mode is not only interesting, but also can inspire more projects and individuals to participate in the blockchain ecosystem and promote the development of the industry.

### Future Outlook

Of course, the future of Jokerace is still full of unknowns. Whether it can stand out in the fierce market competition still needs time to test. However, with the support of this fund, I believe they will have more opportunities and resources to achieve their goals.

### Interaction time

So, what do you think of the Jokerace project? Do you think this code-free competition platform can gain a foothold in the blockchain industry? Welcome to share your views and opinions in the comment area, let's discuss together!

In general, Jokerace's successful financing has brought a new wind to the blockchain industry, which deserves our continued attention.I hope they can make good use of this funding and bring more interesting and meaningful competitions!

**KiloEx Hybrid Vault is now fully launched, a new choice for blockchain investment! **

Hello everyone, it's time for our crypto story again! Today I want to bring you an exciting news: KiloEx Hybrid Vault is now fully launched on Manta Network, BNB Chain and opBNB! 🎉

**Multi-chain support, diverse assets**

First, let's take a look at the specific content of this launch. KiloEx Hybrid Vault now supports depositing multiple tokens on different chains:

- **Manta Network**: USDT, MANTA, STONE

- **BNB Chain**: USDT, STONE, FDUSD

- **opBNB**: USDT, WBNB, FDUSD

This means that whether you are a loyal user of Manta Network or a fan of BNB Chain and opBNB, you can find an investment option that suits you.

**Real income, earn by staking**

KiloEx Hybrid Vault not only supports multiple tokens, but also provides relatively considerable real income for mainstream assets such as LST and BNB. Users can earn USDT income and KiloEx future airdrop tokens by staking. As of the time of writing, the real annualized yield of USDT in the opBNB network Hybrid Vault is 21.61%, FDUSD is 16.21%, and WBNB is 12.97%. Such a yield is quite attractive in the current market environment.

**Strong support, promising prospects**

KiloEx is the leading perpetual contract DEX on BNB Chain, opBNB Chain and Manta Network, and is supported by institutions such as BinanceLabs, Foresight Ventures and Manta foundation. These strong endorsements undoubtedly provide a solid foundation for the future development of KiloEx.

**Interactive communication, sharing of views**

Dear friends, what do you think of the launch of KiloEx Hybrid Vault? Would you consider investing on these platforms? Welcome to actively communicate in the comment area and share your views and experiences!

**Summary**

In general, the full launch of KiloEx Hybrid Vault provides more choices and opportunities for blockchain investors. Whether you are a novice or a veteran, you can find an investment strategy that suits you on this platform. Of course, investment is risky, so everyone must fully understand the relevant information before making a decision and operate with caution.

Looking forward to seeing everyone's wonderful discussions in the comment area! Let's pay attention to the crypto story and gain insight into the latest developments in the blockchain industry!