Headlines
Nate Geraci, president of The ETF Store, said in an article on X that the SEC no longer considers tokens such as SOL as securities and does not increase the probability of approval of spot ETFs such as SOL. To pass ETF approval, one of the following conditions must be met: a long enough history of SOL futures trading on CME; a comprehensive crypto regulatory framework and administrative changes.
The probability of a Fed rate cut in September is 100%
According to CMEs Fed Watch, the probability of the Fed cutting interest rates by 25 basis points in September is 90.5%, and the probability of cutting interest rates by 50 basis points is 9.5%. The probability of the Fed cutting interest rates by 25 basis points by November is 21.7%, the probability of cutting interest rates by 50 basis points is 71.1%, and the probability of cutting interest rates by 75 basis points is 7.2%.
BTC short-term fell below 65000 USDT, 24H Down 1.07%
OKX market data shows that BTC fell below 65,000 USDT in the short term and is currently trading at 65,098 USDT, down 1.07% in 24 hours .
Lookonchain monitored the US Ethereum and Bitcoin ETF data on July 31 and showed: 1. The nine US Ethereum ETFs had a net outflow of 15,691 ETH in total, equivalent to US$51.94 million, of which Grayscale had an outflow of 63,612 ETH, equivalent to US$210.56 million. Grayscale currently holds 2,107,764 ETH , worth approximately US$6.98 billion; 2. The nine US Bitcoin ETFs had a net inflow of 113 BTC in total, equivalent to approximately US$7.48 million, of which Grayscale transferred 26,936 BTC to the Bitcoin Mini Trust Fund, equivalent to approximately US$1.78 billion; in addition, BlackRock had an inflow of 1,138 Bitcoins, equivalent to approximately US$75.27 million. BlackRock currently holds 342,659 BTC, equivalent to approximately US$22.66 billion.
Project News
Telegram founder: Telegram launches browser, mini app store and other innovative features
Telegram founder Pavel Durov announced on his personal Telegram channel that Telegram has launched a number of innovative features, including the Telegram browser and mini app store. The Telegram browser allows users to switch between browsing websites and messages, and can access the decentralized website TON Sites. Users can also give Stars and view apps that accept Stars through the mini app store. In addition, mini apps can be spread in the Telegram ecosystem through the upgraded Stories feature.
Tether: Q2 net operating profit of $1.3 billion, record high U.S. Treasury holdings
Tether released a report showing that it achieved a net operating profit of $1.3 billion in the second quarter of 2024 and set a record of $5.2 billion in net profit in the first half of the year. In the second quarter of 2024, the U.S. Treasury bonds held directly and indirectly in Tethers reserves exceeded $97.6 billion, setting a new historical record. This makes Tethers holdings of U.S. Treasuries exceed those of Germany, the UAE and Australia. Tether ranks 18th in the ranking of U.S. Treasury bond holders. In the second quarter of 2024, Tether Groups equity increased by $520 million. After taking into account the decline in Bitcoin prices (resulting in unrealized gains and losses of -$653 million), this increase was partially offset by the positive performance of gold (bringing unrealized gains and losses of $165 million).
SEND: Solana Phone Pre-orderers Have 24 Hours to Claim SEND Token Airdrop
Blinks ecosystem project SEND posted on the X platform that it is conducting its first airdrop to the top communities on Solana. Each address holding Solana mobile phone reservation token Chapter 2 Preorder Token can receive 500 SEND tokens for free. The claim window is only open for 24 hours, after which all unclaimed tokens will be returned to the airdrop vault.
Jupiter Co-Creation: Publicly audit JUP distribution every 6 months and disclose 100% of token sales
Jupiter co-founder Meow announced on the X platform: 1. Regular community audits of JUP, and the distribution of JUP to date will be publicly audited every 6 months; 2. 100% disclosure of token sales (if any tokens are used for issuance); 3. Advance notification of token release. If any tokens are released from the reserve for strategic reasons, the release will be carefully managed to make it proportional to market liquidity. Jupiter will ensure that relevant token release information is notified at least 3 months in advance; 4. Ensure financial transparency, all wallets will be clearly labeled to easily track the use of JUP; 5. All community-allocated tokens will be allocated through DAO voting to achieve full visibility.
QED Launches First ZK Rollup on Dogecoin
ZK-native protocol QED announced on the X platform that it has released a new ZK opcode proposal OP_CHECKGROTH 16 VERIFY, which aims to enable the construction of various applications on the Dogecoin network, including DeFi, NFT, and on-chain DEX.
Worldcoin Foundation Launches World ID Verification Service in Austria
According to official news, the Worldcoin Foundation has launched the World ID verification service in Austria to increase Europes access to proof of humanity. Starting from July 31, orbs will be launched in multiple locations in Vienna, the capital of Austria. Any resident over the age of 18 can verify their World ID and join the ranks of 6,307,690 users of the Worldcoin network.
Aethir: 20 million ATH community rewards for Checker Node holders are now available
Aethir announced on X that community rewards for Checker Node holders are now open for claiming, and users have 15 days to claim these rewards. It is reported that as part of the community rewards, the project has reserved 20 million ATH rewards for Checker Node holders. After claiming, the rewards can be staked into the ATH-AI pool to obtain an additional 30 million ATH bonus release.
Investment and Financing
DePIN project Daylight completes $9 million Series A financing, led by a16z Crypto
DePIN project Daylight completed a $9 million Series A financing round, led by a16z Crypto, with participation from Framework Ventures, Lattice Fund, Escape Velocity and Lerer Hippeau. However, its co-founder and CEO Jason Badeaux refused to disclose the structure, valuation and other information of this round of financing. As of now, the companys total financing amount has reached $13 million.
Cryptocurrency proprietary trading company Breakout has completed a $4.5 million seed round of financing, led by RockawayX, with participation from Andrew Kangs Mechanism Capital, Round 13 Capital, C² Ventures and IOBC Capital. The companys co-founder and CEO Alex Miningham declined to comment on the valuation.
Layer 2 Financial Completes $10.7 Million Series A Funding, Led by Galaxy Ventures
Cross-border payment infrastructure Layer 2 Financial announced the completion of a $10.7 million Series A financing round led by Galaxy Ventures, with participation from Accomplice and Sapphire Ventures. The company plans to use the funds to expand in new jurisdictions, expand its team, and advance its product development.
Icebreaker, the LinkedIn company on the blockchain, announced the completion of a $5 million seed round of financing, led by CoinFund, with participation from Accomplice, Anagram and Legion Capital, with a post-investment valuation of $21 million. The companys co-founders, Dan Stone and Jack Dillé, came from Coinbase and Google respectively. The two founded Icebreaker with the common belief that a persons digital identity and reputation trail should not be owned by one entity, but should be public and accessible to everyone. Using blockchain technology, Icebreaker allows users to transfer all of their existing professional profiles and networks into a verified channel.
Character*Voice
Economist: Trumps national Bitcoin reserve plan has no real economic benefits
Former US President Donald Trump announced that he would establish a national Bitcoin reserve program if he were re-elected, but James Angel, an economist at Georgetown University who specializes in financial markets, said, I dont see any real economic benefits. The actual benefit is that Bitcoin will make Bitcoin enthusiasts vote for Trump. James Angel pointed out that investing in Bitcoin can offset the loss of spending power caused by inflation. This view depends on two unreliable assumptions: one is that Bitcoin prices will rise; the other is that the government will be able to sell Bitcoin back to US dollars at some stage without causing a market crash. The US government can push up the price by buying Bitcoin, which makes it look like the government has made a lot of money, but once the government starts selling Bitcoin for profit, the price will fall again.
Anthony Pompliano, co-founder of Morgan Creek Digital, predicts that the United States will include Bitcoin in its national balance sheet or strategic reserves in the next 10 to 15 years. He also revealed that he invested in Solana for less than $1 and is optimistic about its future performance. Pompliano said that Bitcoin dominates his portfolio, with Solana in second place. He believes that the US government will eventually hold Bitcoin, but the specific scale and strategy remain to be seen.
Top trader Eugene Ng Ah Sio posted on social media that he is not too concerned about short-term price fluctuations now because he has completed the long-term holding of altcoins. Next, he will take a wait-and-see attitude and no longer trade frequently, but just quietly observe the market trend to see whether the final result is a profit or a loss.
