• $ATH - Aethir has announced a $30 million reward offering for the AI staking pool. Users must stake by 12:00 AM (UTC) on August 1st to be eligible for rewards.
• $TOKEN $FLOKI - The animated cat brand will launch a memecoin on Floki’s TokenFi launchpad on August 8th. A portion of the tokens will be airdropped to $FLOKI holders.
• $FX - The governance proposal “Pundi AIFX — Merging Pundi X Chain with f(x)Core” is now live.
• $GMX - The governance proposal “Buyback GMX and Distribute GMX” is now live.
• $LDO - Lido has updated its scorecard, a tool that assesses decentralization, trustlessness, and minimal governance. • $MNDE - Marinade Finance will launch the Stake Auction Marketplace (SAM) mainnet on August 14th.
• $TON - Telegram launches an in-app browser and a mini app store for decentralized Web3 pages.
• $ZKJ - Polyhedra Network and Google Cloud are launching “Proof Cloud” in public beta.
Hot Topics Today • Ethereum may experience its first net inflow day as Grayscale $ETHE outflows have halved since yesterday. • $EGLD - MultiversX plans to release xExchange V3. Public testing will take place from August 5th to 7th, with the official launch to take place shortly after testing. • $ENA - Ethena Labs announced that users can use USDe as collateral on Bybit. Starting August 2nd, Bybit users can earn up to 20% interest per year by holding USDe or using it as trading collateral. • $INJ - Injective announced that the Altaris mainnet upgrade is scheduled for this week. • $JASMY - A marketplace for providing GPUs in a decentralized manner is ready for demo, according to Jasmy's CEO. • $JTO - The Jito Foundation announced the mainnet launch of the StakeNet Steward program. • $LISTA - Binance Launchpool will support DeFi BNB assets (slisBNB). Megadrops and HODLer Airdrops will also soon support DeFi BNB assets. • $SMT - Swarm Markets will burn 81.2M (34%) $SMT tokens on July 31st at 08:00 UTC. • $XRP - The SEC has scheduled a closed-door Sunshine Act meeting for August 1st. The Ripple community speculates that it may discuss settling the Ripple lawsuit. • $ZRO - Animoca Brands and LayerZero Labs have announced a strategic partnership to position LayerZero as the default interoperability solution for the Animoca Brands ecosystem.
• The FOMC rate decision is scheduled for July 31st. According to FedWatch, there is a 4.1% chance of a rate cut to 500-525bps.
• The owner of the Doge meme has adopted a dog named NEIRO. The internal debate in CT over $NEIRO continues.
• $COMP - Compound just suffered a "governance attack" by someone named Humpy. A $24 million proposal passed despite opposition from the DAO
• $DASH - Dash will release its Evolution platform on July 29th. Evolution is a platform for executing data contracts.
• $JUP - Jupiter's proposal to reduce its token supply by 30% will go up for voting on August 1st.
• $GMX - GMX has approved a proposal to change its revenue distribution from "buy back ETH and distribute ETH" to "buy back GMX and distribute GMX".
• $KUJI - Kujira will upgrade its testnet to Cosmos SDK v0.50 this week (Road to perps).
• $VANRY - Virtua will make a major announcement on July 30th.
• $W - $176 million worth of Wormhole tokens will be unlocked on August 3rd, representing 33% of its circulating supply. • $ZETA - $34 million worth of Zetachain tokens will be unlocked on August 1st, representing 18.92% of its circulating supply
Hot Topics in Cryptocurrency Circle on July 17 • $AMB - AirDAO proposes new profit utilization and token destruction strategy. Voting begins on July 17. • $ASTR - Astar CEO Sota Watanabe revealed that StartaleHQ's new brand will be unveiled tomorrow ahead of Astar Evolution Phase 1. • $ATH - Aethir reported $36 million in revenue over the past year. The mainnet is scheduled to launch in the fourth quarter of 2024, and the revenue will be used for $ATH buybacks. • $FTT - FTX and CFTC agree to $12.7 billion settlement, subject to court approval. • $NGL - Entangle announces a significant reduction in $NGL token issuance and the destruction of 25% of team tokens. • $RARE - SuperRare has proposed an Ethereum layer 2 blockchain for on-chain art markets, and RARE token holders plan to vote in late July. • $SWEAT - Sweat Economy's DAO proposal to reduce $SWEAT minting by 30% has been accepted. • $WLD - Worldcoin has extended the lockup period for 80% of its $WLD tokens for investors and team members from 3 years to 5 years. • $ZRO - GSR Market's token holdings increased from $9.53 million to $14.53 million. • Kraken Exchange will distribute $BTC and $BCH to Mt. Gox creditors within 7-14 days.
Solana’s Popcat is a meme token that has shown significant volatility and the potential for profit opportunities due to a series of short liquidations at key resistance levels. On-chain indicators indicate negative weighted sentiment, but technical indicators such as the RSI and CMF point to a bullish short-term outlook. Popcat [POPCAT] is about to break out of a local resistance zone, with the recent price surge suggesting the potential for further gains. As market dynamics continue to evolve, traders are advised to monitor the situation closely.
• The German government continues to sell its BTC holdings, reducing from 50K BTC to 13.1K BTC, now worth $755 million.
• $AERO - Coinbase Ventures has been steadily buying $AERO since the announcement. The most recent purchase was 8 days ago.
• $ALEX - Bithumb exchange will announce the delisting decision of $ALEX today.
• $ENS - ENS is scheduled to announce identity-related news on July 12.
• $FX - Function X has proposed to exchange $FX to $NEWFX or $AFIX. (The ratio is 100:1) The governance proposal will be further discussed on July 25 or 26.
• $GLM - Golem Network announced the ecosystem fund. 40,000 ETH is staked from the Golem treasury, and contributors receive 75% of the rewards.
• $MAGIC - Treasure DAO announces proposal to acquire Ryu Technologies for $400,000 in MAGIC tokens.
• $ONDO - BlackRock’s BUIDL market cap has reached $500 million. Ondo finance owns 44% of BUIDL supply.
• $RON - Online role-playing game is migrating to Ronin for release on Epic Games later this year.
• $SKL - Skale Labs launches SKALE Pacifica V3.
• $STRK - Starknet announces STRK staking, scheduled for release on testnet and mainnet in Q4 2024.
• Donald Trump to speak at Bitcoin 2024 conference in Nashville. $MAGA $TRUMP
The Fetch.ai [FET] token has seen a sharp drop of 40% over the past two weeks and is currently testing a critical support level of $1.0569. This level will be crucial in determining its short-term trend. Despite the low price, there are signs of potential accumulation, with selling pressure decreasing and the Stochastic RSI indicator showing oversold conditions, suggesting a possible bullish reversal. Development activity and network usage fluctuate, showing both positive and negative signals. The market remains balanced with no clear directional bias, but upcoming moves could be crucial for FET's future price action.
On July 10, a whale/institution continued to accumulate AAVE and UNI tokens, depositing 4 million USDC to Kraken and withdrawing a large amount of AAVE and UNI. The entity currently holds 142,296 AAVE and 1.43 million UNI, worth approximately $12.1 million and $11.6 million respectively.
Hot topics in the cryptocurrency circle on July 10 • Coinbase announced that it will re-enable $STG trading and add $SD to its listing roadmap. • $ARKM - Arkham expects to achieve platform profitability later this year. The platform will soon support the TON blockchain and support Solana by the end of August. • $BONK - BONK DAO proposed to destroy approximately $83.9 billion $BONK from its treasury, and the vote will end on July 13. • $MASA - Masa launched an AI data subnet on Bittensor. Validators and workers can receive dual token rewards in $TAO and $MASA. • $NEON - Neon announced that the Versus-X closed beta will be launched in July. • $NTRN - Neutron will upgrade to v4 at 14:30 UTC on July 10, and network downtime is expected during the upgrade process. • $SEI - Sei has announced the launch of the Sei v2 mainnet beta. • $SOL - Full Firedancer client builds its first acceptable block on Solana testnet. • $STORJ - Storj acquires Valdi, a cloud computing company that provides GPU computing. • $WLD - Worldcoin Foundation launches World Chain developer preview. • $ZEN - Horizen CEO has revealed that Horizen 2.0 is coming soon.
• The German government sold about 10,000 $BTC in one day. They currently hold 27,461 $BTC.
• Coinbase International Exchange will add support for $BLAST, $ZRO and $ZK perpetual futures on July 11.
• Binance will delist $BOND, $DOCK, $MDX and $POLS on July 22.
• $ADA - Cardano released "Node 9.0" on July 8. CEO Hoskinson expects the Chang hard fork to start this week.
• $CRV - 51.4 million $CRV locked in just 4 days, accounting for about 1/3 of all CRV issuance in 2024.
• $CQT - Covalent announced a governance proposal to transition from $CQT to $CXT tokens.
• $DIMO - The DIMO Foundation proposes to use DIMO Points (DCX). DCX has a stable value of $0.001 and is created by burning $DIMO. Voting will begin on July 15.
• $ENS - ENS unveils rebranding details, including new logo and website.
• $MON - Pixelmon reveals plans for a major game update in July.
• $SOL - The CBOE has formally asked the SEC to allow VanEck and 21Shares to bring a Solana-based exchange-traded fund to market.
• $XAI - Xai contributors have agreed to re-lock their July unlocked tokens over a 6-month period.
• Grayscale announces July 18 as the record date for the creation and distribution of shares of the "Grayscale Ethereum Mini Trust" to ETHE shareholders. ETHE will contribute 10% of its ETH to the Mini Trust.
ONDO's price is currently trading at a critical support area with the potential for a bullish rally and a possible retest of its all-time high (ATH). Despite the recent 1.4% drop in price, 65% of ONDO investors are still in profit. Increasing exchange outflows and decreasing exchange supply indicate strong buying pressure. Technical indicators such as Chaikin Money Flow and Money Flow Index are showing bullish signals, although MACD indicates a bearish market. Investors are advised to watch for a breakout above $1.079 to avoid a potential short-term price correction.
Coin analysis recommendation for July 4 1: $ENS Previously recommended and gained 20%+, Vitalik Buterin called for an order, Ethereum domain name, S1 file expected entry point: 24.332, 23.5 nearby 2: $SSV Ether pledge, small market value, previously recommended and gained a wave, daily triangle consolidation entry point: 36.4, 34 around 3: $JASMY Daily key position, the only Japanese native token, every rebound is OK, it is recommended to start a little entry point: 0.02366, 0.02245 4: $NFP The decline and rebound just now was quite fierce, but the K line is too ugly entry point: around 0.2731, you can try to buy some lottery tickets 5: $ZK The pressure point above encountered and fell back to the original shape, wait until around 0.15 to see if there is any chance to continue to enter
July 2 currency analysis recommendation 1: $REZ Binance's own heavy pledge project, promoted Eigenlayer's innovative entry point on Ethereum: around 0.08, try to buy some 2: $UNFI The previous recommended position is still 20%+ now, and you can double it for a long time. Entry point: around 4.8, try to enter 3: $LINA LINAFI, it has been sideways for a long time and feels that there may be a big wave. You can try entry points: 0.0061, 0.00566 4: $ASTR The daily line has broken through the chip concentration area. Sony, Samsung, Japanese Telecom, etc. have cooperated with him, endorsing polychain and Binance investment entry point: try to buy and chase, below 0.0753, 0.0719 5: $POWR Energy monster coins are usually pulled up and smashed violently. This position is very suitable for buying a breakthrough. Those who believe in this coin can buy some entry points: the current shape is actually average, but you can try to wait for 0. 219 to enter
Hot Topics in Cryptocurrency Circle on July 2 • $BNX - BinaryX announced that the Pancake Mayor game will be shut down. Operations will cease on July 5.
• $DNX - Dynex is conducting final tests to launch quantum computing services on Amazon's AWS marketplace.
• $JUP - Jupiter announced key events for the next two months. A 30% $JUP supply reduction vote will be held in late July.
• $MPLX - Metaplex has started MPLX buybacks, has allocated $8 million SOL and distributed 50% of the monthly fees.
• $PIXEL - Pixels founder will detail future plans tomorrow. According to the interview, the studio is developing new Pixels games and a Telegram-based project.
• $PENDLE - Pendle's TVL has fallen 40% in the past week. Massive withdrawals reflect users' waning interest in re-staking airdrops.
• $PRCL - Parcl announces $PRCL staking is coming soon.
• $SOL - Solana’s monthly economic value (fees + MEV) hits a new high of $91.3M or $1.1B annualized.
• $WLD - South Korea’s PIPC will announce Worldcoin findings this month. (Personal Information Protection Commission)
• $ZRO - GSR Markets currently holds 8.649M $ZERO. $ZRO is now the largest position in GSR’s portfolio.