1. Ethereum spot ETF had a total net outflow of $133 million on July 24 Grayscale ETHE had a net outflow of $327 million
Yesterday, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $327 million in a single day, and the current historical net outflow of ETHE is $811 million. Grayscale's Ethereum Mini Trust ETF ETH had a net inflow of $45.9346 million in a single day, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $61.0815 million. The Ethereum spot ETF with the largest net inflow in a single day yesterday was Fidelity's ETF FETH, with a net inflow of $74.4634 million in a single day, and the current total net inflow of FETH has reached $146 million. As of press time, the total net asset value of the Ethereum spot ETF is $9.538 billion, and the ETF net asset ratio (market value to the total market value of Ethereum) is 2.35%, and the historical cumulative net outflow has reached $26.38 million.
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2. U.S. GDP in the second quarter significantly exceeded expectations
The United States announced the second quarter real GDP annualized quarterly rate of 2.8%, significantly exceeding expectations, with an expected rate of 2.00% and a previous rate of 1.40%. The second quarter core PCE price index annualized quarterly rate of 2.9%, expected rate of 2.70%, and a previous rate of 3.70%. Analysis pointed out that the U.S. economy grew faster than expected in the second quarter, but inflation fell, and the Fed's expectations of a rate cut in September were not affected.
3. Xiaohongshu user claimed that his Coinbase account was closed due to long-term inactivity, and BTC became unclaimed property
In June 2024, he found that he could not log in to his account. After consulting Coinbase customer service, he found that his account had been closed. Coinbase sold his BTC and sent it to an agency in Wyoming. The reason given was that his account had not been active for a long time and the assets were considered "unclaimed property". He checked the relevant explanation on the Coinbase official website and found that depending on the laws of each state, accounts that have not been active for 3 to 5 years will be classified as unclaimed property. By paying attention to the website of Wyoming's Unclaimed Property Division, he found that this situation is not an isolated case. However, some comments pointed out that it is very common for a US financial account to automatically be given unclaimed property after two years of inactivity, and it can be retrieved by directly applying.
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4. Jupiter Slorg: The current status of the 30 celebrity tokens launched on the Solana network last month is worrying
Last month, 30 celebrity-launched MEME tokens appeared on Solana, covering well-known figures from Andrew Tate to Soulja Boy. The average drop from ATH was 94%. Even the best performing tokens fell by more than 70%, and half of the tokens fell by more than 99%. Only 40% of the celebrities mentioned their tokens at least once in the past week, and most tokens fell into silence after experiencing an initial surge.
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5. Mystiko Network is suspected of having a large number of insider trading behaviors in the 2nd Airdrop
The official Mystiko-Vault Community Incentives: 0xBc…25d6 distributed 20 million XZK to 1,487 newly created addresses in 7 batches through the Multisender app at 16:22 UTC on July 5. The common behavior of these thousands of new addresses is to receive Gas funds from OKX or Bybit one day after receiving XZK. Subsequently, these thousands of new addresses packaged XZK into vXZK to obtain airdrop qualifications. In addition, the number of airdrops received by these addresses is actually more than that of normal users. It is worth noting that Mystiko Network received $18 million in financing led by Sequoia India in March this year.
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6. Russian State Duma: Legalize Bitcoin mining and allow cryptocurrency to be used for international trade
The Russian State Duma has passed a bill that legalizes Bitcoin mining and allows the use of cryptocurrencies in international trade. The bill is expected to take effect on September 1 and is subject to final approval by the Russian Federation. The vote was 404 in favor, accounting for 89.8% of the total. The bill stipulates that Bitcoin mining activities will be regulated by the government and the Central Bank of Russia, and compliance will be ensured by Russian federal agencies. In addition, the bill allows the sale of mined cryptocurrencies, but prohibits their use for domestic payments and prohibits cryptocurrency advertising.
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