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Rhythm Evening News｜A list of important information in the crypto industry on July 19
Summarized by AI
CVX, PENDLE and LINK are at the top of Smart Money 24-hour inflow list
BlockBeats news, on July 19, according to Nansen data, Smart Money 24-hour Ethereum network fund inflow tracking list is as follows:
CVX: currently quoted at $2.403, with an inflow of $7.348 million;
PENDLE: currently quoted at $4.63, with an inflow of $372,800;
LINK: currently quoted at $13.63, with an inflow of $369,400.
BlockBeats news, July 19, according to Farside Investors data, as of yesterday, the U.S. Bitcoin spot ETF has had net inflows for 10 consecutive trading days (July 5 to 18), with a total of US$2.052 billion.
Token distribution protocol Layer3: airdrop query page will be launched on the 24th
BlockBeats news, on July 19, the token distribution protocol Layer3 Foundation announced in its official Discord community that the Layer3 Foundation will release the initial L3 token allocation checker on July 24, but the token will not be launched on that date.
Previously, the Layer3 Foundation announced the token L3 economic model, and the total supply of L3 is 3,333,333,333: 51% is reserved for the community; 25.3% is allocated to core contributors; 23.2% is allocated to investors, and 0.5% is allocated to consultants.
The initial airdrop at the TGE is 7.5% of the total supply, 200 million L3 (6%) are allocated to early users and S1 participants, and 50 million (1.5%) are allocated to S2 participants. The early user and S1 snapshots were taken on May 10, 2024, and the S2 snapshot will be taken on July 22.
BlockBeats news, July 19, according to official DC news, Fuel plans to launch the mainnet in the early fourth quarter, users can lock assets before the mainnet goes online to get rewards, user deposits and pledge points will continue, there is no upper limit on deposits, and points will not be lost due to participation in other applications, and points are not transferable.
The testnet snapshot has been completed, and new users participating in the testnet after the snapshot will not receive any incentives, and the testnet snapshot standard will be announced soon.
BlockBeats News, on July 19, Telegram Ecosystem Crypto Game Pixelverse announced its airdrop plan on the X platform, 10% of PIXFI is allocated to holders of rare, epic and legendary NFTs, and 20% of PIXFI is additionally rewarded to Pixelverse and Pixelchain users, which will be distributed over time. Free collection through Dashboard and PixelTap applet, and automatic staking is provided to obtain additional rewards. Regarding NFT rewards, all users will receive their NFT rewards: PixelTap and Dashboard users as of July 18 will receive NFTs based on their participation, which can be collected on July 25.
In addition, Pixelverse also announced a staking mechanism. Immediate withdrawal of PIXFI can only obtain 10% of the total airdrop, and the remaining 90% will be recycled into the community incentive pool to reward the Pixelverse community.
BlockBeats reported that on July 19, the Indian crypto trading platform WazirX announced the preliminary investigation results of the attack. WazirX stated that a multi-signature wallet on the platform suffered a cyber attack and lost more than 230 million US dollars.
The report states that since February 2023, the wallet has been operating using Liminal's digital asset custody and wallet infrastructure services. The cyberattack stems from the discrepancy between the data displayed on the Liminal interface and the actual content of the transaction. During the cyberattack, the information displayed on the Liminal interface did not match the content of the actual signature. WazirX thus suspects that the payload was replaced to transfer control of the wallet to the attacker.
WazirX finally stated: "This is a force majeure event that the team cannot control, but the team is doing its best to find and recover the funds. The team has frozen some deposits and contacted the relevant wallets for recovery."
BlockBeats news, on July 19, Christine Kim, vice president of research at Galaxy, summarized the 192nd Ethereum Core Developer Executive (ACDE) conference call. Developers shared their latest progress in implementing various code changes, including Ethereum Improvement Proposal (EIP) 7702 and the addition of Ethereum Virtual Object Format (EOF) in Pectra. "pk910" from the EF Developer Operations Team also shared the latest progress of Pectra Devnet 1.
In addition, developers have different opinions on EOF and decided to temporarily incorporate EOF into Pectra. In addition, before making a decision on EIP 7742 or RIP 7212, developers should focus on the release of Pectra Devnet 1 and the development of EOF and EIP 7702.
ether.fi's wallet deposited 800,000 ETHFI into Binance, and still holds 7.94 million ETHFI
BlockBeats news, on July 19, according to TheDataNerd monitoring, 4 hours ago, an ether.fi wallet deposited 800,000 ETHFI (about 2.03 million US dollars) into Binance, and the wallet currently still holds 7.94 million ETHFI (about 18.58 million US dollars).
WIF briefly broke through $2.5, with a 24-hour increase of 7.78%
BlockBeats news, on July 19, according to HTX market information, WIF briefly broke through $2.5, and is now quoted at $2.451, with a 24-hour increase of 7.78%.
Binance launches Gravity (G) financial management, coin purchase and flash exchange services
BlockBeats news, on July 19, according to the official announcement, Binance financial management, one-click coin purchase and flash exchange trading platforms have launched Gravity (G) new assets. Binance will launch G on the leverage platform at 18:00 (ET on July 19, 2024), and on the fixed investment platform at 18:00 (ET on July 22, 2024).
Binance full-position and isolated-position leverage will add G borrowable assets and G/USDT full-position and isolated-position leverage trading pairs at 18:00 (ET on July 19, 2024).
Trump officially announced his acceptance of the Republican presidential nomination
BlockBeats reported that on July 19, local time, on the evening of July 18, at the last day of the Republican National Convention, former US President Trump officially announced his acceptance of the Republican presidential nomination.
BlockBeats previously reported that on July 15, local time, the Republicans in the United States formally nominated former President Trump as the party’s presidential candidate for the 2024 election at the Republican National Convention in Milwaukee, Wisconsin.
BlockBeats news, July 19, according to Cointelegraph, Julien Bittel, head of macro research at Global Macro Investor, a financial consulting publication, said that Bitcoin has recently seen a "crazy compression" of the Bollinger Bands. If the volatility signal works as it did in the past, Bitcoin has the power to rise to a six-digit historical high. Bittel said that the current "crazy" state of the Bollinger Band volatility indicator requires Bitcoin prices to soar. He concluded, “By historical standards, the Bollinger Bands are very compressed, with only two other months in history where we have seen weekly Bollinger Bands this compressed: April 2016 and July 2023.”
Bittel continued, “The Bollinger Bands are one of the most important crypto volatility indicators, providing insight into the strength of price trends. The gap between the upper and lower bands is rarely this narrow on a weekly timeframe. Traditionally what happens next is always good news for bulls. In the first two events, Bitcoin prices rallied significantly over the next 12 months.” Last month, Bittel made a similar prediction for Bitcoin’s future, calling for “patience” during the worst price drops of the bull market. Bittel concluded, "If history repeats itself, Bitcoin will break out of the re-accumulation range in September 2024."
BlockBeats news, on July 19, QCP Capital posted on its official channel that futures funds have returned to flat, volatility has gradually declined, and BTC has returned to the familiar range of 61,000 to 71,000. Bitcoin has fluctuated in this range in the second quarter of this year, predicting that the market will bet on a breakout on the eve of the US election. Even though the overnight spot price is low, institutions still have a lot of interest in the $100,000 call option in December. This is a sign that the market is more confident about a rebound at the end of the year as the possibility of Trump's victory increases.
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