Crypto News Report:
Today’s Highlights:
1. ether.fi has launched the Season 2 airdrop claim query interface.
2. Celo: L2 testnet Dango, built on OP Stack, is now live.
3. 10x Research: Significant Bitcoin and Ethereum declines in the past month occurred during Asian trading hours.
4. Coin98 Report: Solana’s Q2 revenue grew 42 times year-on-year, with SOL trading volume nearly 7 times higher.
5. Recently, 90 new wallets withdrew approximately 6.72 million LINK from Binance, valued at about $86.7 million.
6. Interlay’s X account at the interoperability project was compromised.
7. Currently, 17.6% of 21 million BTC are lost, with 2.7% held by governments.
8. NFT trading volume increased by 8.1% in the past 7 days, reaching $109 million.
Regulatory Update:
Messari CEO: No further engagement with the US SEC until leadership reforms are enacted.
Messari CEO and co-founder Ryan Selkis announced on the X platform that Messari will cease all formal and informal interactions with the US SEC until the agency undergoes leadership reforms. Selkis characterized the SEC as a hostile adversary and competitor, criticizing Chairman Gary Gensler’s ineffective and corrupt approach to crypto regulation. The statement, currently in draft form, will soon be revised and shared directly with SEC commissioners, congressional representatives, and senators.
Project Updates:
ether.fi has launched the Season 2 airdrop claim query interface.
ether.fi announced on Twitter the launch of its Season 2 airdrop claim query interface (claim checker).
10x Research: Bitcoin and Ethereum saw significant declines over the past month, particularly during Asian trading hours.
Crypto research firm 10x Research reported that Bitcoin dropped by 20% over the past month, with a 13% decline during Asian trading hours, indicating widespread liquidation among retail traders in Asia. Similarly, Ethereum saw a 22% decline, with a 16% drop during Asian trading hours. With Bitcoin potentially oversold in the short term, a macroeconomic catalyst next week could trigger a counter-trend rebound. Additionally, approval of an Ethereum ETF by the US Securities and Exchange Commission may provide short-term bullish momentum. However, this is not viewed as a significant buying opportunity in the medium term.
Celo: L2 testnet Dango, built on OP Stack, is now live.
The Celo Foundation launched Dango, a L2 testnet for Celo built on OP Stack. This initiative marks a pivotal step by core contributor cLabs in integrating an EVM-compatible standalone blockchain with Ethereum. Initially proposed during EthCC 2023, the project forks the Alfajores test network into Dango, enabling ecosystem developers to transition their projects to the latest blockchain built for real-world scalability and low-cost global payments. All historical data from Alfajores, including smart contracts, accounts, and balances, has been preserved and carried over. Following community support in various forums and governance votes, the testnet is built on Optimism’s OP Stack. Eigen Foundation’s strategic funding and community backing for cLabs’ governance proposals further support Celo’s Layer-2 testnet, utilizing EigenDA as an alternative data availability layer to maintain sub-penny transaction fees. Development focus on L2 architecture aims to uphold existing advantages of Celo L1 for practical solutions in over 150 countries/regions, including low transaction costs and enhanced core elements such as bridging between Ethereum and Celo with WETH and ERC-20 tokens, reducing block time from 5 seconds to 2 seconds, and increasing total throughput by 50%.
NEO Founder Da Hongfei’s X account suspected compromised, tweets “airdrop” and disables comments.
NEO founder Da Hongfei’s X account was suspected compromised, tweeting and pinning a post related to an airdrop while disabling comments. Users are advised to exercise caution.
Polkadot: Interoperability project Interlay’s X account compromised, caution against clicking any links.
Polkadot tweeted regarding the compromise of Interlay’s X account, a cross-chain interoperability project. Users are advised against clicking any links.
Coin98 Report: Solana’s Q2 revenue grew 42 times year-on-year, with SOL trading volume nearly 7 times higher.
According to Coin98 Analytics, Solana experienced significant growth in Q2 2024, generating over $260 million in revenue, a 42-fold increase year-on-year. SOL’s total trading volume reached $292 billion, nearly 7 times higher than the same period last year. The second quarter saw over 15.3 billion transactions (voting and non-voting), TVL reaching $3.4 billion, a 10-fold increase year-on-year, over 98 million new NFTs added, a 54-fold increase year-on-year, and USDC market cap reaching $2.15 billion (approximately 70% of total market cap).
Degen: Airdrop 2 Season 6 to commence on July 11.
Degen announced on the X platform that Airdrop 2 Season 6 will commence on July 11.
Key Data:
Michael Saylor, co-founder of MicroStrategy: Bitcoin averaged over 145% annual growth since 2011, outperforming other assets.
Michael Saylor tweeted that Bitcoin’s design aimed to “continue to win,” with disclosed data showing it as the best-performing asset since 2011. As of July 5, 2024, Bitcoin averaged a 145.9% annual growth rate, ranking first, followed by US Growth (16.3%), US NASDAQ 100 (18.99%), US Large Caps (13.7%), and gold (3.5%).
Recently, 90 new wallets withdrew approximately 6.72 million LINK from Binance, valued at about $86.7 million, according to Lookonchain monitoring.
Bitcoin Magazine’s statistics show the current distribution of 21 million BTC:
Individual holders: 57%;
Lost BTC: 17.6%;
Yet to be mined BTC: 6.6%;
Satoshi Nakamoto’s wallet: 5.2%;
BTC ETF: 3.9%;
Companies: 3.6%;
Miners: 3.4%;
Governments: 2.7%.
Blockchain analyst Yu Jin monitored that the German government address transferred 700 BTC to a certain asset management institution 8 hours ago, amounting to approximately $40.47 million. The address is expected to disperse the funds to CEXs like Coinbase, Kraken, and Bitstamp after receipt.
NFT trading volume increased by 8.1% in the past 7 days, reaching $109 million.
NFT trading volume rebounded by 8.1% in the past seven days, amounting to $109 million. The number of NFT buyers increased by 20.93% to 809,923 individuals, while sellers increased by 14.05% to 363,190 individuals. There were 20,424,431 NFT transactions, a 45.57% increase from the previous week.
This week, Ethereum-based NFT sales reached $36.48 million, a 14.04% increase from the previous week. Solana followed with $22.46 million in sales, up 39.03%. Polygon ranked third with $19.66 million in sales, down 5.36%. Bitcoin network sales totaled $15.72 million, down 14.7%. Mythos ranked fifth this week with NFT sales of $4.21 million, a 4% decrease from the previous week. The highest-priced NFT this week was Cryptopunk #2, sold for $386,916 yesterday. Solana’s Boogle #089 sold five days ago for $191,517, while Arbitrum’s GUSDC Locked Deposit #201 sold two days ago for $90,744.
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