ETH reflexive cycle:
ETH flows into ETH ETF → ETH price rises → interest in ETH rises → DeFi/chain usage rises → DeFi fundamentals improve → EIP-1559 burns increase → ETH supply falls → ETH price rises → more ETH flows into ETH ETF → interest in ETH rises → ...

Bnb price further stabilized

BNB Foundation completed the 28th BNB token destruction, destroying a total of approximately US$971 million worth of BNB
$BNB

airdrop

What is atomic migration?
In the cryptocurrency world, "atomic migration" or "atomic cross-chain transaction" usually refers to the process of securely transferring tokens or assets between different blockchains. The term comes from "Atomic Swap", a decentralized transaction method that does not require trust in a third party, allowing the simultaneous execution of lock and release operations on two different blockchains to ensure the atomicity of the transaction - either all succeed or all fail, without any intermediate state. Atomic migrations are very important in the cryptocurrency and blockchain industry because they solve the problem of asset interoperability, allowing users to freely transfer tokens between different blockchains without going through centralized exchanges or custodian services, thereby reducing risks and improving efficiency. Here are a few key points about atomic migration:
1. Interoperability: Atomic migration achieves interoperability between different blockchain networks, allowing users to transfer assets without intermediaries.
2. Decentralization: Atomic migration is decentralized, which means that transactions do not need to be confirmed or executed by any centralized entity, reducing the need for trust and potential security risks.
3. Smart contracts: Atomic migrations usually involve smart contracts, which are automatically executed when specific conditions are met, ensuring the security and atomicity of transactions.
4. Cross-chain protocols: Atomic migration may rely on cross-chain protocols such as Polkadot, Cosmos or Wormhole, which provide a technical framework for securely transferring assets between different blockchains.
5. Asset locking and release: In atomic migration, assets on the source chain are locked, and equivalent assets on the target chain are released to the recipient. Only when the entire process is successfully completed will the assets be finally released.
6. Security and privacy: Atomic migration uses advanced cryptographic techniques to ensure the security of transactions and the privacy of users.
7. Application examples: Atomic migration can be used in a variety of scenarios, such as token exchange on different blockchains, cross-chain lending, cross-chain asset mortgage, etc.

The market is vulnerable to the state machine$BTC

Nine US Bitcoin ETFs increased their holdings by a total of 2,372 Bitcoins

Lookonchain monitored the US spot Bitcoin ETF data on July 2 and showed:
1. Fidelity increased its holdings by about 1,028 Bitcoins, worth about $62 million, and currently holds 168,490 Bitcoins, worth about $10.5 billion;
2. Grayscale reduced its holdings by 487 Bitcoins, worth about $30.32 million, and currently holds 275,271 Bitcoins, worth about $17.15 billion;
3. Nine Bitcoin ETFs increased their holdings by a total of 2,372 Bitcoins, worth about $147.78 million.

io·net mining 🈳$IO

$BNB Deflation mechanism

The core of BNB's deflation mechanism is to regularly destroy tokens, reduce the circulation to enhance scarcity, and the goal is to reduce from 200 million to 100 million.

Initially, Binance used quarterly profits to repurchase and destroy BNB;

Later, an automatic destruction mechanism was introduced to dynamically adjust the destruction amount according to the price and block output, further strengthening the deflation effect.

$BNB

Binance launches HODLer airdrop for BNB holders

使用 BNB 订阅 Sim­ple Earn 的用户将收到由拥有大量代币流通量且打算很快在币安上市的项目发行的空投代币。

$ORDI The same quantity as BTC, 21 million

Working mechanism

The creation and transfer of BRC-20 tokens are achieved through a mechanism called Ordinal Inscriptions.

This mechanism uses the ordinal theory on the Bitcoin blockchain to allow arbitrary data (including token information) to be "engraved" on specific Bitcoin Satoshis (the smallest unit of Bitcoin).

The Satoshis with inscriptions becomes a carrier that can represent a specific token.

Is it a second layer?

Although the ORDI and ORDinals protocols can be seen as extensions of Bitcoin's functionality to some extent, they do not fully meet the definition of a second-layer network in the typical sense.

ORDI is more accurately a supplement to the Bitcoin network, especially for innovative applications of asset tokenization and NFTs, rather than focusing on solving problems with transaction speed and cost. #Ordinals协议

$BTC Fear and Greed Index 74
I mean if, if, BTC drops, the altcoin market can’t imagine it😱😱😱

$BNB 6. The first wave of unlocking of Magec will be launched on the 20th, which will have an impact on the price of BNB. Let's wait and see.

Cryptocurrency "618" promotion

No buying, no drop📉

The more you buy, the more it drops📉

It keeps falling📉

As expected, it still has to fall by $ZK

According to Matter Labs data scientist Landon Gingerich, as of the time of publication, more than 491,000 major accounts have claimed nearly 75% of the airdropped ZK tokens. CoinGecko data shows that ZK has plummeted 34.5% in the past day, from its listing high of $0.32 to about $0.20. The total supply of the token is 21 billion, with a market value of approximately $772 million, a sharp drop from its initial listing peak of over $1.1 billion.

$BTC BTC Fear and Greed Index reflects the greed of the market. It should be made clear that this index is only for BTC and does not represent the altcoin market. The altcoin market is almost dead. For details, please see class representative $WLD

$ZK This market is online, but it is still an outdated narrative, it must rise🆙🆙🆙

#MyFirstFeedPost Welcome to Binance Square!

$WLD qMassive unlocking will take place in July!
Approximately 6.62 million WLD tokens will be unlocked every day, which is equivalent to about 0.39% of the total supply.