7.24 Laboratory Daily:

1. Digital bank Revolut plans to sell $500 million in employee shares, raising the company’s valuation to $45 billion;

2. Dragonfly Managing Partner: The price of ETH has not moved or the outflow of Grayscale ETHE offset the inflow of other ETFs;

Grayscale large transfers are exactly the same as when the BTC ETF was passed;

To put it simply, ETFs are buying and Grayscale is selling.

3. Trump clarified that he had never considered having Morgan Stanley CEO or BlackRock CEO as Treasury Secretary;

4. @lightning expressed the release of Taproot Assets on the Lightning Network, which is the first multi-asset protocol on the main network;

(However, Lightning Network projects are basically following the east wind at this stage, not to mention the west wind blowing now, so wait and see first)

5. @dYdX claimed that its v3 platform was hacked - it is reported that the platform is about to be sold;

6. Polymarket has a betting pool of US$780,000, 50% of which believe that ETH will not reach a new high in 2024;

(That is, half of them think it will be flat or a new high)

7. @EricBalchunas stated that the newly listed ETH ETF will not be available for purchase on Vanguard’s platform;

8. Kraken has successfully distributed the BTC and BCH in the Mentougou Mt. Gox assets to creditors;

9. Tesla Q2 financial report: Bitcoin holdings have remained unchanged for eight consecutive quarters;

Quotes:

As analyzed on the 22nd, Bitcoin's daily line is correcting, and the weekly line has also corrected part of it. Currently, it is actually more bearish in the short term.

The market needs more time to clean up.