Rhythm Morning News|A list of important news from last night and this morning on July 11
Fidelity FBTC had a net inflow of $57.8 million yesterday
BlockBeats news, July 11, according to Farside Investors data, Fidelity FBTC had a net inflow of $57.8 million yesterday. As of press time, according to published data, Bitcoin spot ETFs had a net inflow of $104.5 million yesterday.
Bitcoin rebounded above $58,000
BlockBeats news, July 11, according to HTX market data, Bitcoin rebounded above $58,000, and is now quoted at $58,034, a 24-hour increase of 0.53%.
The "German Government" address may have sold $496 million worth of BTC in the past 16 hours
BlockBeats news, on July 11, according to Spot On Chain monitoring, in the past 16 hours, the German government may have sold $496 million worth of BTC, including:
· 10,853 BTC (637 million US dollars) were transferred out at a price of approximately US$58,659;
· 2,442 BTC (141 million US dollars) were transferred back at a price of approximately US$57,560.
Currently, there are only 15,552 BTC ($894 million) left in the German government address, which is about 31% of the original amount seized from the pirated movie website Movie2k in January.
Trump will give a speech at the 2024 Bitcoin Conference
BlockBeats news, on July 11, Trump will give a speech at the 2024 Bitcoin Conference. (Golden Ten)
Powell: The Fed does not need inflation to be below 2% before cutting interest rates
BlockBeats news, on July 10, Federal Reserve Chairman Powell gave a speech saying that the Fed has made considerable progress on inflation and that the Fed does not need inflation to be below 2% before cutting interest rates. (Jinshi)
MATR1X announces MAX token economics, will airdrop 94 million MAX to NFT holders
BlockBeats news, on July 10, according to official news, Web3 cultural and entertainment platform MATR1X announced the token economics of its platform governance token MAX. It is reported that the total supply of MAX is 1 billion, and 94 million MAX will be airdropped to holders of MATR1X platform NFTs, such as YATC and MATR1X KUKU NFT holders. Its complete token distribution plan is as follows:
NFT airdrop: 9.4%
Platform contribution: 27.6%
Ecosystem: 16%
Early bird event: 5.5%
Community: 10%
Investors and team 30%
Advisors: 1.5%
MAX will support a wide range of applications and services in the MATR1X ecosystem, and its main uses include: community governance, ecosystem value capture, participation in staking and rewards, and some exclusive privileges.
SATS rose more than 22% in 24 hours, temporarily reported at 0.0000002054 US dollars
BlockBeats news, on July 11, according to HTX market data, SATS broke through 0.0000002 US dollars, temporarily reported at 0.0000002054 US dollars, a 24-hour increase of 22.26%.
Lava Network airdrop check page is online, 6% of the total amount is used for this airdrop
BlockBeats news, on July 11, modular blockchain infrastructure developer Lava Network issued a statement saying that it is taking a new approach to launch LAVA tokens. The LAVA airdrop check page is now online. For the first time, 6% of the total LAVA tokens will be airdropped. Users who can receive the airdrop include early users (testnet participants, etc.), as well as Monad community members and node operators, researchers or technical contributors.
Farcaster user engagement hits a record high, with 73,700 unique users last week
BlockBeats news, July 11, according to The Block, the decentralized social media protocol Farcaster's user engagement hit a record high, with 73,700 unique users last week, marking an important milestone in its growth trajectory. The platform has generated 62.58 million pieces of content, has 280,120 total users and 3,050 hubs, 190,540 connected addresses, and a network size of 142.83 GB.
At the same time, Farcaster has generated 611.03 ETH in revenue, demonstrating its potential to create value in the ecosystem. Founder Dan Romer announced the development of new tools to support USDC in-app payments, which may be the reason for the surge in users.
Sanctum: CLOUD airdrop collection will be open on July 18
BlockBeats news, on July 11, Solana Ecosystem Liquidity Staking Protocol Sanctum said that on July 16 (Tuesday), the LFG website will be online, and users can check airdrop allocations. On July 18 (Thursday), CLOUD will be officially launched, and users can claim airdrops and start trading CLOUD.
Notcoin, 1inch and Sign cooperate to launch startup accelerator for Telegram and TON ecosystem
BlockBeats news, on July 11, according to The Block, Notcoin, 1inch and Sequioa-supported proof protocol Sign cooperated to launch a new startup accelerator for Telegram and TON's encryption ecosystem.
The accelerator program, called Triangle, aims to attract developers who want to develop on Telegram and TON. The project especially hopes to support those who want to improve TON UX, develop popular "click to make money" applets, and launch "consumer applications connecting Web2 and Web3." Triangle's vision is to enable millions of people to join Web3 seamlessly and friendly.
Algorithmic crypto trading platform Tread.fi completes $3.5 million in financing, led by New Form Capital
BlockBeats news, July 11, according to The Block, the algorithmic crypto trading platform Tread.fi, founded by former Morgan Stanley employees, completed a $3.5 million seed round of financing, led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital, etc.
David Jeong, founder and CEO of Tread.fi and former vice president of quantitative research at Morgan Stanley, declined to comment on the valuation, but said that this round of financing adopted a rolling future equity simple agreement (SAFE) structure with a symbolic side letter, laying the foundation for the next round of financing in the first quarter of 2025.
Binance will remove BTC/TUSD, TUSD/USDT full-position and isolated-position leveraged trading pairs
BlockBeats news, on July 11, according to the official announcement, Binance will remove TUSD full-position and isolated-position leveraged trading pairs at 14:00 on July 24, 2024 (Eastern Time 8):
Full-position leveraged trading pairs: BTC/TUSD, TUSD/USDT
Isolated leveraged trading pairs: BTC/TUSD, TUSD/USDT
Upbit launches GAL Korean won trading pair
BlockBeats news, on July On the 11th of this month, according to official news, Upbit announced the launch of the Galxe (GAL) Korean won (KRW) trading pair.
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