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Rhythm Morning News|A list of important news from last night and this morning on July 10

BlockBeats2024/07/10 03:01
By:BlockBeats


Bitcoin rebounded above $58,000

BlockBeats news, on July 10, according to HTX market data, Bitcoin rebounded above $58,000, and is now quoted at $58,035, with a 24-hour increase of 2.34%.


Invesco Galaxy Ethereum ETF Submits New 8-A12B Application Documents

BlockBeats news, on July 10, Invesco Galaxy Ethereum ETF submitted a new 8-A12B application document to the US SEC.


Farcaster co-founder: Running a Hub will not bring any economic rewards

BlockBeats news, on July 10, Farcaster co-founder Dan Romero posted a message saying, "There is no economic reward for running a Hub now or in the future. Only run a Hub in the following cases:


1. Find it interesting

2. Think it is useful for your project or business


There are no subsequent surprises or traps. All YouTube video tutorials are misleading you about possible rewards."


Modular track tokens generally rose, TIA rose more than 20% in 24 hours

BlockBeats news, July On the 10th, according to HTX market data, modular track tokens saw a general rise, including:


TIA is currently trading at $7.25, up 20.45% in 24 hours;

DYM is currently trading at $1.456, up 13.35% in 24 hours;

SAGA is currently trading at $1.3862, up 10.36% in 24 hours.


The "German Government" address withdrew a total of 1,118 BTC from CEX and other addresses this morning

BlockBeats news, on July 10, according to Arkham data, the wallet address marked as "German Government" withdrew a total of 1,118 BTC (about 64.71 million US dollars) from CEX and other addresses this morning, including: 710 BTC from Kraken, and a total of 408 BTC from 3 unmarked addresses.


In the top ten list of Binance 24-hour trading volume, half of them are MEME coins

BlockBeats news, on July 9, half of the top ten list of Binance platform cryptocurrency 24-hour trading volume were MEME tokens, ranking respectively:


· PEPE (991 million)

· DOGE (742 million)

· NOT (651 million)

· WIF (548 million)

· BONK (522 million)


ether.fi airdrop Season 2 claims will open next week

BlockBeats news, July 9, ether.fi announced that it will open Season 2 claims next week. The team is working hard to implement the feedback provided by the claim checker to ensure that accurate allocations are provided to users. Once it is confirmed that accurate allocations have been provided (including the removal of witch addresses), it will be launched. It will continue to be updated after the date is determined, and users will be reminded to pay attention to the official link.


TON blockchain will release a new second-layer network TAC based on Polygon technology

BlockBeats news, July 9, TON blockchain announced that it will release a new second-layer network based on Polygon technology. The team made the announcement on Tuesday at the Ethereum Community Conference (EthCC) in Brussels, Belgium.


The new protocol, called TON Applications Chain (TAC), will leverage Polygon’s Chain Development Kit (CDK), a customizable toolkit that allows developers to create their own Layer 2 blockchains based on Polygon’s zero-knowledge technology, as well as Polygon’s AggLayer, an interoperability layer used to address blockchain fragmentation.


Multi-chain search engine Dora completes $5.5 million in financing, Dragonfly and Lemniscap co-lead

BlockBeats news, July 10, according to official news, multi-chain search engine Dora announced the completion of $5.5 million in financing, Dragonfly and Lemniscap co-led the investment, Robot Ventures, Maven 11, Arche Capital and others participated.


It is reported that Dora has created the Dora block browser and Dora discovery engine to promote on-chain adoption, and will enhance all interoperability solutions integrated into Dora.


Crypto startup Rome completes $9 million in financing, Hack VC and others participate

BlockBeats news, on July 9, the crypto startup Rome announced the completion of $9 million in financing. This round of financing was jointly participated by Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures and well-known angel investors including Anatoly Yakovenko, Nick White, Santiago Santos, Comfy Capital, Austin Federa, Jason Yanowitz.


Rome was founded by Anil Kumar and Sattvik Kansal, aiming to build Solana as the underlying network for shared sequencers and data availability (DA), that is, using Solana as an auxiliary network to provide services for Layer2 blockchains built on Ethereum.


The project also aims to enable "atomic transactions" between Ethereum Layer2 networks, that is, multiple transactions on different blockchains. If any part of the transaction fails, none of the transactions will go through, and users will only have to pay the fees for the Solana transaction. The project plans to launch a test network by the end of 2024 and a main network in mid-2025.


Hybrid second-layer project BOB completes $1.6 million in financing, led by Ledger Ventures

BlockBeats news, on July 10, BOB (Build on Bitcoin), a hybrid second-layer project driven by Bitcoin and Ethereum, completed $1.6 million in financing. Ledger Ventures led the round, with angel investors including notables from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon and Centrifuge.


Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focused on Bitcoin infrastructure and BOB dapps. BOB aims to connect Bitcoin's mass adoption potential with the Ethereum Virtual Machine (EVM) functionality and its ecosystem through rollup solutions that use Bitcoin to ensure security and give users access to dapps, DeFi and stablecoins.


PayPal stablecoin PYUSD market value exceeds $500 million

BlockBeats news, on July 9, PayPal stablecoin PYUSD market value exceeded $500 million. In the past month, the supply of PYUSD has increased by 97%, from 270 million on June 26 to 533 million now. This makes PayPal one of the top ten stablecoin issuers, while Tether USD leads with a supply of more than 112 billion.


PYUSD's growth surge came after it expanded to the Solana network in May, and approximately 134.5 million PYUSD tokens have been issued on Solana.


Goldman Sachs: The United States is "close" to the first rate cut

BlockBeats news, on July 9, Goldman Sachs Asset Management said that the United States is "close" to the first rate cut. (Jinshi)


Cboe Global Head: Solana ETF application has attracted great attention from investors

BlockBeats news, on July 9, the global head of ETP listings at the Chicago Board Options Exchange (Cboe) commented on the Solana ETF 19b-4 application document, saying that this is not something you see every day. "We are now responding to growing investor interest in Solana - one of the most actively traded cryptocurrencies after Bitcoin and Ethereum."


The probability of a 25 basis point rate cut by the Federal Reserve in September is 71.8%

BlockBeats news, on July 9, according to CME Fed Watch, traders expect the probability of a 25 basis point rate cut by the Federal Reserve in September to be 71.8%; the probability of maintaining interest rates unchanged is 24.8%; the probability of a 50 basis point rate cut is 3.4%.


Uniswap Labs urges the US SEC to stop expanding the definition of "trading platform" and other proposed rulemaking

BlockBeats news, on July 10, Uniswap Labs Chief Legal Officer Katherine Minarik posted on social media, "Uniswap Labs today urged the U.S. Securities and Exchange Commission (SEC) not to proceed with its proposed rulemaking process, which would greatly and inappropriately expand the definition of "trading platform" to include DeFi and more.


For better or worse, the Supreme Court has overturned the Chevron Principle. Even under that principle, the SEC's proposal is flawed-even more so under today's standards. The SEC and the industry as a whole have better ways to use resources than wasting time and energy on a lawsuit that violates the rules. "


K33 Research Analyst: Q3 is usually the weakest period for Bitcoin returns

BlockBeats news, July 10, K33 Research senior analyst Vetle Lunde pointed out on Tuesday that seasonal trends are not helpful for Bitcoin, and the third quarter is usually the weakest period for returns.


He added that seasonal weakness coincides with the pressure on prices from the sale of seized assets by the German state of Saxony and the ongoing Mt. Gox repayment distribution.


According to K33 Research's estimates, the market will absorb the sale of 75,000 to 118,000 BTC from Saxony and Mt. Gox customers throughout the summer, worth $4.3 billion to $6.8 billion at current prices.


"We expect these flows to weigh on Bitcoin's performance in the coming months, with market volatility set to continue into October," Lunde said. (CoinDesk)


Some EthCC attendees robbed in Brussels

BlockBeats reported that on July 9, according to community feedback, Ethereum's annual technical and community event EthCC conference opened recently, and some attendees reported being robbed in Brussels, Belgium, where the conference was held.


A community member who attended the EthCC conference for the first time was robbed and suffered a serious knee injury. In addition, the growth director of KILT Protocol posted: "Be careful when hanging out in Brussels and around the EthCC venue. Many thugs target cryptocurrency people. Someone just tried to attack and rob me, and I had to beat up the bastard. I also heard about similar things from another person who was robbed."


BlockBeats reminds EthCC attendees and users to be vigilant no matter where they are, and always pay attention to protecting their lives and property.



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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