Rhythm Evening News｜A list of important information in the crypto industry on July 23

Willy Woo: Bullish indicators have suppressed bearish indicators. If BTC breaks through 73k, it will be squeezed to 77k

BlockBeats news, on July 23, the famous cryptocurrency analyst Willy Woo published an article analyzing five market indicators, three of which are bullish and two are bearish.

Bullish indicators:

Miner capitulation has ended, which is one of the most reliable bullish indicators.

Hashrate is recovering, and the bottoming out of prices and hashrate will occur at the same time as the upgrade of the next generation of hardware. The mining machine M66 was launched last week, and the S21 PRO will also be launched this week.

Global liquidity has begun to expand, which is conducive to traditional financial capital to buy risky assets such as Bitcoin.

Bearish indicators:

The amount of spot currency held by trading platforms has increased, including 50,000 BTC transferred from Mt. Gox to Kraken.

The Ethereum spot ETF is about to be launched, which may cause some funds to flow out of the Bitcoin ETF.

Woo believes that there is a fierce long-short game going on, but the bullish factors overwhelm the bearish factors. In the short term, BTC only needs to break through 73k to ignite the fuse and squeeze to 77k.

US SEC issues multiple Ethereum spot ETF S-1 application effectiveness notices

BlockBeats news, on July 23, the U.S. Securities and Exchange Commission issued S-1 application effectiveness notices for INVESCO GALAXY Spot Ethereum ETF, VANECK Spot Ethereum ETF, BITWISE Spot Ethereum ETF, Fidelity Spot Ethereum ETF, 21SHARES Spot Ethereum ETF, FRANKLIN Spot Ethereum ETF, BlackRock Spot Ethereum ETF, Grayscale Ethereum Trust and Grayscale Spot Ethereum Mini ETF.

Grayscale announced that its two spot Ethereum ETFs were listed on the New York Stock Exchange

BlockBeats news, on July 23, according to Cointelegraph, Grayscale said that its two spot Ethereum ETFs were listed on the New York Stock Exchange.

BlockBeats previously reported that on July 19, Grayscale stated in its Ethereum Trust application document "Expected NYSE Arca Listing Date" that "Subject to regulatory approval and satisfaction of customary conditions, ETHE shares are expected to begin trading on NYSE Arca on July 23, 2024."

The Mt. Gox address in Mentougou still holds 85,234 BTC, equivalent to approximately US$5.7 billion

BlockBeats news, on July 23, according to Arkham data, Mt. Gox transferred a total of US$2.85 billion in BTC to a new wallet today to distribute 5,110 bitcoins (worth US$340.1 million) to 4 different Bitstamp addresses.

Bitstamp is one of the five trading platforms that the Mt. Gox trustee cooperated to return funds. Mt. Gox still holds 85,234 BTC (US$5.7 billion).

Prediction market platform Polymarket's trading volume exceeded US$27 million yesterday, setting a new record

BlockBeats news, on July 23, according to Dune data information, the prediction market platform Polymarket's trading volume reached US$27.19 million yesterday, setting a new record.

American politicians can accept cryptocurrency donations on the Base chain

BlockBeats news, July 23, according to The Block reported that American politicians can accept cryptocurrency donations on the Base chain. According to the Supportcrypto website, supporters can choose from more than 240 cryptocurrencies, including Bitcoin and Ethereum, or make credit card payments through the platform.

Base network head Jesse Pollak said that although the platform is backed by a company called Engage Raise, Coinbase Commerce provides support for its operations.

Avail: Users who have received the Unification Drop will start distributing AVAIL tokens at 17:00 today

BlockBeats news, on July 23, Polygon modular blockchain project Avail tweeted that users who have received the Unification Drop, AVAIL tokens will be distributed to eligible wallets from 17:00 Beijing time. The distribution process will take some time.

Terra: Bankruptcy claim deadline changed to 5:00 a.m. on August 22

BlockBeats news, on July 23, Terra officially announced on the X platform that the preliminary deadline for cryptocurrency loss claims in the bankruptcy case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) was changed to 5:00 a.m. on August 22, 2024 (UTC+8).

BlockBeats previously reported that on July 16, Terra officially announced on the X platform that the bankruptcy case claim deadline for Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set at 5:00 a.m. on August 10, 2024 (UTC+8). Claims for TFL arising before January 21, 2024, and claims for TLL arising before July 1, 2024, must be submitted before the deadline.

BlockFi has sold its FTX claims

BlockBeats news, on July 23, according to The Block, BlockFi announced the sale of its FTX claims at "a price far above face value."

Mohsin Y. Meghji, BlockFi program administrator and managing partner of M3 Partners, reported the sale to the U.S. Bankruptcy Court in New Jersey on Monday. Meghji said the sale process began on June 24 and closed on July 10 after the "highest and best bid" was determined at a price "well above its face value" and monetized through an undisclosed third party.

BlockFi reached an $874.5 million in-principle settlement agreement with FTX and Alameda Research assets in March, enabling the plan administrator to begin planning for subsequent distributions to BlockFi creditors based on expected value. The company said the transaction will result in a final distribution of eligible customer and general unsecured creditor claims of 100%.

Binance transferred 1,900 ETH, 918 WBETH and 26 million USDT to its Ceffu deposit address

BlockBeats news, on July 23, according to Scopescan monitoring, Binance deposited 1,900 ETH (US$6.8 million), 918 WBETH (US$3.3 million), and 26 million USDT into its Ceffu deposit address.

OKX is about to launch DEGEN and SLERF spot trading

BlockBeats news, on July 23, according to the official announcement, OKX is about to launch DEGEN and SLERF spot trading.

DEGEN and SLERF deposit opening time: July 23, 2:00 pm (UTC+8);

SLERF/USDT spot trading opening time: July 23, 4:00 pm (UTC+8);

DEGEN/USDT spot trading opening time: July 23, 5:00 pm (UTC+8);

DEGEN and SLERF withdrawal opening time: July 24, 6:00 pm (UTC+8).

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