Digital bank Monzo stated in its annual financial performance that its pre-tax profit for the 2023-2024 fiscal year totaled £15.4 million ($19.6 million), turning losses of £116.3 million from the previous year into profits. Monzo's annual revenue was £880 million, higher than £355.6 million in 2022, which means it has more than doubled. Monzo is one of the largest digital banks in the UK, with a valuation of $5.2 billion this year. This is thanks to the investment products launched in collaboration with asset management giant BlackRock.
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According to HODL15Capital monitoring, on June 21st, Grayscale GBTC had a net outflow of $34 million, Fidelity FBTC had a net outflow of $45 million, Ark ARKB had a net outflow of $29 million, and Bitwise BITB had no inflow/outflow of funds.
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Starknet's DeFi protocol Nostra announced on the X platform that it will soon launch the NSTR token and release its token economics. There will be a total of 100,000,000 NSTR tokens, which will be 100% unlocked upon release. 11% of the token supply will be airdropped to the community during TGE. In addition, Nostra also announced that it will conduct a snapshot from June 10th to 13th for the liquidity bootstrapping pool (LBP), and the TGE, including the airdrop, will take place on June 17th.
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Over the past day, the MEV bot operator using the ENS name “jaredfromsubway.eth” has spent over 210 eth ($810,000) on gas fees on Ethereum.
This amount represents nearly 1.5% of all gas fees on the network during this period, positioning it as the top gas fees spender on the network, according to data from Etherscan.
This bot, which engages in high-frequency trading, notably focuses on targeting on-chain memecoin traders. Ethereum memecoins have recently seen a resurgence led by tokens such as Pepe, Wojak, Turbo, and Mog.
From February 2023 to June 2024, the bot has spent a total of 76,916 ETH, which equates to about $175 million, calculated based on the value at the time those transactions were executed.
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MEV, or “maximal extractable value,” involves strategies that manipulate the order of transactions to gain advantages. On-chain swaps of tokens can be exploited by MEV bots using techniques like sandwich attacks.
In a sandwich attack, a bot spots an upcoming transaction from a user and places its own transaction with a higher gas fee to purchase or sell the same cryptocurrency immediately before the user’s transaction, resulting in a price shift.
To get their trades immediately filled on MEV activities, MEV bot operators spend a lot of gas fees, including lucrative tips passed on to validators.
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As monitored by The Data Nerd, 4 days ago, the address starting with Ud5nr accumulated 19.6 million MOTHER tokens at an average purchase price of $0.004, totaling $78,700. Since then, the owner has sold 2.7 million tokens for a total of $31,000. Currently, their investment of 16.8 million MOTHER tokens is worth approximately $1.1 million.
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According to the latest data from Coinglass, 12,102.56 Bitcoins were withdrawn from Binance exchange wallets in the past week. As of now, the Bitcoin wallet balance on Binance is 606,502.04 BTC.In the past 7 days, 496.66 Bitcoins flowed into Coinbase Pro wallet, with a current wallet balance of 857,301.79 BTC.
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Cycle Capital released an article analyzing the BTC sell-off in Mentougou from all angles. According to data, as of July 12th, 138,000 BTC are still in Mentougou's account address, indicating that the sell-off has not yet entered the market. The drop on July 5th was part of the expected sell-off from Mentougou. The article analyzes that Cycle Capital believes that Mentougou's creditors will sell some BTC, but not all. If Mentougou's compensation is sold out within a month, the market will face a similar situation to Germany's government sell-off in terms of the amount and time of the sell-off. According to the current demand for ETF, if there is not enough capacity to absorb, the price of BTC may further decline. If Mentougou's compensation lasts longer (2-3 months), the daily amount of BTC entering the market will not be particularly large and will not cause a one-time drop. However, due to the continued expectation of sell-off, there may be a period of volatility to digest the sell-off. This also means that it is difficult to see a major upward trend in the short term. Currently, only 1545 tokens from Mentougou have truly entered the exchange, and the rest are still in Mentougou's account, indicating that the actual sell-off has not yet entered the market. When Mentougou's BTC is distributed on several trading platform addresses on a large scale, it may cause a significant panic sell-off and form a sharp drop. When individuals sell, it may not necessarily cause a significant price drop due to dispersion and difficulty in tracking and observing.
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According to DeFiLlama data, the current total value locked (TVL) of Ethereum liquidity re-staking protocols is $12.864 billion, with the top five protocols by TVL being:
-ether.fi Stake TVL is $6.438 billion, with a daily increase of 1.83%;
-Renzo (Ethereum chain) TVL is $1.613 billion, with a daily increase of 2.03%;
-Puffer Finance TVL is $1.75 billion, with a daily increase of 2.28%;
-Kelp DAO TVL is $890.66 million, with a daily increase of 2.93%;
-Eigenpie TVL is $856.59 million, with a daily increase of 2.1%.
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Lookonchain monitoring shows that after the SEC approved 9 Ethereum ETF applications for spot trading, a whale deposited 8,762 ETH (worth 30.4 million USD) into Binance. The whale withdrew 8,762 USD worth of ETH from Binance at a price of 3,876 USD between May 27 and May 29. If sold, the whale would lose 3.6 million USD.
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On July 20th, according to L2BEAT data, Scroll TVL reached $1.1 billion, setting a new historical high, with a 7-day increase of 17.83%.
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Meow, co-founder of Jupiter, expressed on the X platform that he hopes to communicate more with friends in the Chinese community and provide in-depth analysis of long-term development projects such as PPP, J4J, UGM, GUM, and JUP. He mentioned that he is a Chinese overseas and feels happy when speaking Chinese. He is considering setting up a Chinese Twitter or other platform, but does not know how to start and hopes everyone can provide suggestions.
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Former US President Trump said he "absolutely will not" ban the social media app TikTok. The report pointed out that for Trump, this is a major reversal, as he had tried to ban the app during his presidency in 2020. The report suggests that Trump's change in tone is due to his efforts to attract young voters, who are mostly active users of TikTok. The report stated that Trump recently joined the app and has already gained nearly 6 million followers. Meanwhile, President Biden's campaign team has just over 370,000 followers on TikTok. The report stated that Biden's campaign team strongly expressed their desire to use TikTok to reach young voters, despite President Biden signing a bill banning the social media app on the grounds of "national security concerns". (Reference News)
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On July 13th, Infinex Treasury approved the distribution of 1 million PYTH tokens to 2,023 users who hold the "Early Craterunner" badge. This equates to 494.32 PYTH tokens per user and there is no need for manual application as the tokens have already been sent to the corresponding wallets.
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Bitget Wallet's TON mainnet daily average on-chain broadcast count in July was 25 times that of June. Last week, the TON mainnet surpassed Polygon, Arbitrum, BNB Chain, Base, and others to become the mainnet with the most on-chain interaction broadcasts on Bitget Wallet. Bitget Wallet has been investing in and building in the TON ecosystem, including supporting mainnet asset management, TON token cross-chain transactions, and connecting with ecosystem DApps. Recently, it also launched the industry's first MPC wallet solution supporting the TON mainnet and held the large-scale online event TONNECT 2024 in the TON ecosystem, providing users with 0 Gas Fee and $1 million in ecological interaction rewards.
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TON tweeted that TON network TVL has surpassed $500 million.
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According to CertiK Alert monitoring, various attacks in the encryption field this week have caused more than 30 million US dollars in assets to be stolen. This brings the total losses since early June to around 85 million US dollars. It is worth noting that the dual attack on the UwU Lend protocol resulted in a total loss of more than 22 million US dollars.
In mid-June, the number of security incidents (exploitation of vulnerabilities and exit scams) with losses of more than 1 million US dollars increased significantly.
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