Rhythm Morning News｜A list of important news from last night and this morning on July 3

Jupiter will issue $60 million worth of active staking rewards this week

BlockBeats news, on July 2, Jupiter announced that it will issue active staking rewards (ASR) worth approximately $60 million this week. If users have voted on any JUP DAO proposal in the past 3 months, they will be eligible to receive staked JUP and ASR commensurate with voting activities. The total pool will include:

50 million JUP, 7.5 billion WEN, 7.5 million ZEUS, 7.5 million UPT and 750,000 SHARK.

Jupiter said, "Please note that if you are currently in the process of fully unstaking, you will need to wait for JUP to be fully unstaken or cancel your unstake operation before you can claim your JUP ASR." In addition, Jupiter will launch a new ASR page with a summary of voting activities and allocated rewards.

Trump's sentencing date is set for July 11 and may be postponed

BlockBeats news, July 2, according to market news: Former US President Trump's sentencing date is set for July 11 and may be postponed.

EigenLayer's post hints that it may make major progress in Q3

BlockBeats news, on July 3, EigenLayer posted a message saying, "The third quarter of 2024 will be very important for everyone." It may make major project progress in the third quarter.

Earlier on June 20, the EigenLayer Foundation officially stated that the second phase of the first quarter EIGEN staking rewards has been opened for application. The second quarter is coming soon.

Vitalik: Prediction markets and community notes have become two major social cognitive technologies today

BlockBeats news, on July 2, Ethereum co-founder Vitalik Buterin said on social platforms that prediction markets and community notes are becoming two major social cognitive technologies in the 2020s. These technologies are centered on the pursuit of truth and democracy, emphasizing open public participation rather than pre-selected elite construction. In the future, we look forward to seeing more similar innovative developments.

Tether is recruiting outstanding talents for its AI team

BlockBeats news, on July 2, Tether CEO Paolo Ardoino posted that he is recruiting outstanding talents for the Tether AI team.

BlockBeats previously reported that on March 26, Tether announced that it would expand its strategic focus to the field of artificial intelligence. This major move highlights Tether's commitment to improving the accessibility and efficiency of artificial intelligence and further consolidating its role as a pioneer in shaping the future of technology.

First, Tether Data plans to take the lead in developing open source, multi-modal artificial intelligence models, seamlessly integrating artificial intelligence solutions into market-driven products, and is committed to promoting the development of the open artificial intelligence field.

Analysis: BTC long-term holders are making profits again, which may cause short-term downward pressure on BTC

BlockBeats news, on July 2, Bitfinex pointed out in its latest report that long-term Bitcoin holders are making profits again, and more long-term holders' profit-taking may cause significant short-term downward pressure on Bitcoin's price.

Bitfinex analysts said that long-term holders who have suspended profit-taking since early May seem to have started selling their holdings again, and the continued high profit realization of long-term holders means that Bitcoin's near-term prospects are fragile.

Polkadot Chinese Community Calls for No More Advertising Exposure Proposals

BlockBeats news, on July 2, in response to today's market news about various high expenditures in Polkadot's financial report, Polkadot's official Chinese community issued a call to all DOT hoders that the Polkadot community should no longer support more advertising exposure proposals, including any cooperation/sponsorship of sports events, advertising, and even sponsorship of concerts, cooperation with KOLs, etc.

"This is meaningless, let's focus on how to cultivate powerful ecological applications and spend money on the exposure of these products." What the Polkadot community needs most now is:

1. Empower teams that have already built great products, give them liquidity incentives, and attract users to use these great products;
2. Continuously cultivate and discover new teams, new products, and new applications;
3. Only when a user-friendly unicorn application comes out can it attract a large number of users to the Polkadot ecosystem and stay in the Polkadot ecosystem.

Bittensor: Investigating the theft of the wallet, suspending on-chain transactions for 24 hours

BlockBeats news, on July 3, Bittensor officials responded to the theft of the on-chain wallet in the Discord community, "We are investigating and have recently been very cautious to completely stop transactions on the chain until we have more information about the nature of the attack. The chain is now in safe mode for at least 24 hours. All transactions (including transfers) have been suspended during the investigation of the root cause of the attack. We will not release any regular software updates for Bittensor software or any chain updates on the mainnet or testnet until we fully restore the chain online."

As previously reported, Bittensor (TAO) fell more than 15% in a short period of time due to the theft of the on-chain wallet, and is now quoted at 236 USD

The ETF Store President: Insist that Ethereum spot ETF will be issued in mid-July

BlockBeats news, on July 3, Nate Geraci, president of The ETF Store, posted on the X platform that he insisted that the Ethereum spot ETF will be issued in mid-July. The revised S-1 will expire on July 8, and the final version of the S-1 may be submitted before July 12. In theory, it means that the relevant ETF will be launched in the week of July 15.

Blast will launch the second phase of the reward plan and allocate 10 billion BLAST

BlockBeats news, on July 3, Blast officially announced the details of the second phase reward plan.

50% of the Phase 2 rewards (5 billion BLAST) are allocated to Blast Points. Users can earn Blast points based on the balances of ETH, WETH, USDB, and BLAST (pending BLIP-2 Progress Committee vote). EOA and smart contracts earn points at a rate of 0.06504987 points/block/ETH (each block is 2 seconds). USDB and BLAST earn points at the same rate as ETH based on their price denominated in ETH. That is, if ETH is $3,500, USDB will earn points at a rate of 0.06504987 points/block/3,500 USDB.

50% of Phase 2 rewards (5 billion BLAST) are allocated to Blast Gold. Dapps can earn Gold based on their traction on the Blast mainnet and in future Big Bang competitions.

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