Rhythm Evening News｜A list of important information in the crypto industry on July 9

U.S. spot Bitcoin ETFs had a net inflow of $294.8 million yesterday

BlockBeats news, July 9, according to Farside Investors data, U.S. spot Bitcoin ETFs had a net inflow of $294.8 million yesterday, including:

IBIT had a net inflow of $187.2 million;

FBTC had a net inflow of $61.5 million;

GBTC had a net inflow of $25.1 million.

10x Research: Bitcoin may rebound to $60,000-62,000 before being blocked

BlockBeats news, on July 9, 10x Research posted on social media that all six applicants for the spot Ethereum ETF have submitted updated S-1 forms, indicating that SEC approval may be imminent.

In addition, the RSI oversold indicator suggests a reversal in the short term. At present, two-thirds of the reversal indicators have turned bullish, and shorting may need to wait. If Bitcoin rebounds to $60,000-62,000 and fails to break through, it may cause the price of the currency to fall again.

Data: 97% of ARB holders are currently losing money

BlockBeats news, on July 9, IntoTheBlock posted on social media that according to the platform data, although Arbitrum is one of the leading Ethereum L2s, ARB's price performance has been weak, and 97% of holders are currently losing money.

Upbit launches ENS Korean won trading pair

BlockBeats news, on July 9, according to official news, Upbit announced the launch of ENS Korean won (KRW) trading pair.

io.net: Apple M chip devices will be temporarily removed from the list of supported devices

BlockBeats news, on July 9, io.net officials said that Apple M chip devices will be temporarily removed from the list of supported devices, including M2 and M3, including the support of M series chip computers will stop on July 15. Support for M2 Ultra and M3 devices will continue until the end of this month.

In the short term, io.net must prioritize managing supply and reducing emissions on the network. Based on discussions with current and potential customers, prioritizing GPUs and providing incentives for GPUs with high demand is very important for the sustainability of the network. All rewards for M series chips will be transferred to eligible GPUs.

If there is demand for M series chips or opportunities to take advantage of them in the future, support will be restored. The team will carefully re-evaluate this situation monthly and restore support for more devices as soon as feasible.

Analysis: Under pessimistic assumptions, Mt. Gox and the German government's sell-off could trigger a rapid decline of 10.5% in Bitcoin

BlockBeats news, on July 9, crypto analyst Alex Krüger analyzed and calculated the decline that could be caused by Mt. Gox and the German government's sell-off of Bitcoin on his social platform.

Based on the current market liquidity and the market decline caused by several previous large transfers of Bitcoin, Krüger concluded based on pessimistic assumptions (assuming that Germany sells the remaining Bitcoin at one time and 30% of the 85,000 Bitcoins held by Mt. Gox will be sold): Mt. Gox and the German government's sell-off could trigger a rapid decline of 10.5% in Bitcoin.

But in general, the market can fully absorb the above selling pressure.

Citi: The Federal Reserve will cut interest rates continuously from September, with a cumulative cut of 200 basis points

BlockBeats news, on July 9, analysts at Citi Research predicted that the Federal Reserve will begin to cut interest rates aggressively within a few months and continue until next summer.

In a note on Friday, the bank cited new signs of an economic slowdown as the Fed set to cut rates by 25 basis points at each meeting starting in September for eight cuts through July 2025, which would reduce the benchmark rate by 200 basis points to 3.25%-3.5% from 5.25%-5.5% now and keep it there for the rest of 2025. (Golden October)

Degen: Airdrop 2 Season 5 will be available on July 11

BlockeBeats news, on July 9, Degen officials posted on social media that Airdrop 2 Season 5 will be available on July 11, and Airdrop 2 Season 6 will also be available on the same day.

Polymarket Biden's election probability rises to 21%

BlockBeats news, on July 9, according to the prediction market Polymarket information, Biden's election probability rose to 21%, Trump's election probability is currently 62%, and Vice President Kamala Harris's election probability has dropped to 7%.

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