PA Daily | Biden announced his withdrawal from the 2024 presidential election and fully supported Harris' campaign; last week, the net inflow of digital asset investment products reached US$1.35 billion.

Today’s news tip:

Biden announced his withdrawal from the 2024 presidential election, saying that he would fully support Harris’s presidential candidate nomination

Seven states in the United States jointly challenged the SEC’s excessive regulation of cryptocurrency

Southern Oriental Medicine Asia's first inverse Bitcoin ETF will be launched in Hong Kong

"Musk changed his avatar to celebrate Biden's withdrawal" ranked 16th on the Weibo hot search list

MakerDAO team related addresses have completed the transfer of 30,971 MKR

BNB Foundation completed the 28th BNB token destruction, destroying approximately US$971 million worth of BNB

CoinShares: Last week, the net inflow of digital asset investment products reached US$1.35 billion

Data: ALT, YGG, AGIX, ENA, etc. The tokens are scheduled to be unlocked this week, of which ALT will unlock approximately $114 million

Regulatory news

Biden announced his withdrawal from the 2024 presidential election, saying he would fully support Harris’s nomination as presidential candidate

According to CCTV News, local time On July 21, US President Biden announced his withdrawal from the 2024 presidential election. Biden said in a letter posted on his personal social media that day that he had intended to seek re-election, but for the best interests of the Democratic Party and the United States, he decided to withdraw from the presidential race and would focus on completing his presidential duties. . Biden said he would detail his decision to the nation later this week. After announcing his withdrawal from the race, Biden stated that he would fully support and endorse US Vice President Harris for the nomination of the Democratic presidential candidate. Minutes after Biden announced he was withdrawing from the 2024 presidential race, Trump responded in a call with CNN: "He's the worst president in the history of our country. By far the worst president in the history of our country." ". Trump also said he believed Vice President Harris would be easier to defeat than Biden.

Seven states in the United States have jointly challenged the SEC’s excessive regulation of cryptocurrencies

Seven states in the United States have jointly challenged the SEC’s regulatory power over cryptocurrencies. A seven-state coalition led by Iowa Attorney General Brenna Bird filed an amicus brief on July 10 opposing the U.S. Securities and Exchange Commission’s (SEC) attempts to regulate cryptocurrencies. The league includes Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma.

The alliance pointed out that the SEC’s “power expansion” will hinder innovation, harm the cryptocurrency industry, and exceed its authority. They believe that the SEC's regulatory actions not only hinder states' efforts to protect citizens from fraud, but also undermine the free market. The Iowa Attorney General's Office emphasized that the SEC's actions to bypass Congress and give itself new powers are illegal, inhibit innovation, and allow scammers to go unpunished.

The brief also explains that the SEC violated the Administrative Procedure Act and the Material Issues Doctrine, and calls on the court to prevent the SEC from exceeding its authority. The Seven-State Alliance believes that typical cryptocurrencies do not qualify as investment contracts under the Securities Act of 1934.

Project News

CSOP will launch Asia’s first inverse Bitcoin ETF in Hong Kong

According to Bloomberg, CSOP (CSOP) Asset Management Co., Ltd. will launch Asia-Pacific’s first cryptocurrency-related ETF in Hong Kong on Tuesday Inverse ETF - CSOP Bitcoin Futures Daily (-1x) Inverse Product. The ETF allows investors to bet on falling Bitcoin prices and aims to have $50 million to $100 million in assets under management within two years. CSOP CEO Ding Chen said the launch of the product is part of Hong Kong’s efforts to establish a cryptocurrency-friendly center and is expected to attract investor demand from Japan, South Korea and Singapore.

Rho Markets: The protocol is now back online

Rho Markets posted on the X platform that it has successfully completed the allocation of funds and the protocol is now officially back online. According to previous news, Rho Markets was robbed of 2203 ETH by a certain MEV Bot due to an oracle problem. It is reported that almost all relevant funds have been returned.

TON surpassed Near to become the fifth largest blockchain in USDT issuance

Tether’s official transparency page shows that the authorized issuance of USDT on the TON chain has surpassed Near and Celo, rising to the fifth largest USDT issuance blockchain ranking. Second only to Tron, Ethereum, Avalanche and Solana. As of 11:59:01 PM UTC on July 20, 2024, the authorized issuance amount of USDT on the TON chain is US$730,000,002.

WazirX: White hats can receive a 5% reward of the recovery amount

WazirX, an Indian cryptocurrency exchange that was previously hacked, announced the details of the bounty program on the X platform to seek help from the community in recovering stolen assets.

Bounty Program 1: Track and Freeze – Identify, track and provide actionable intelligence to freeze stolen funds, offering rewards worth up to $10,000 in USDT.

Bounty Program 2: White Hat Recovery - Provide 5% of the recovery amount as a white hat reward.

It is reported that the bounty program will last for three months from the date of announcement, but it may be modified, that is, extended or shortened, according to requirements and results, without further notifying participants.

Metaplanet, a Japanese listed company, purchased another 20.38 Bitcoins

Metaplanet, a listed company on the Tokyo Stock Exchange, stated on the X platform that it has once again increased its holdings of 20.38 Bitcoins (BTC).

Cosmos ecological wallet Keplr will add support for EVM

According to The Block, Keplr, the most popular wallet application in the Cosmos blockchain ecosystem, will add support for EVM, aiming to strengthen it as a multi-layer wallet solution function. The new integration is expected to allow users to view and manage Ethereum-based assets directly within the Keplr interface. Additionally, the feature is designed to support emerging modular projects that leverage both ecosystems, such as Initia, Dymension, Saga, and Celestia.

EVM support is expected to enter beta in a few weeks. Lee also explained the technical aspects of adding EVM support, including using EIP-6963 multi-injection providers to ensure Keplr is used simultaneously without disrupting wallet usage patterns. EVM support is intended to serve existing Keplr users, not compete with MetaMask.

BNB Foundation completed the 28th BNB token destruction, destroying a total of approximately US$971 million worth of BNB

BNB Foundation announced that it has officially completed the 28th BNB token destruction of BNB Chain. A total of 1,643,698.8 BNB were destroyed this time, with a value of approximately US$971 million at the time of destruction.

The official X accounts of DOGS and Pixelverse have been frozen

The official X accounts of DOGS and Pixelverse, the TON ecological MEME project, have been frozen. In addition, the X account of the founder of pixelverse has also been suspended. Some X users said that farmers in their community have reported these accounts, and claimed that they hope these project parties can understand that the community is the key. If the project party does not want to reward farmers, then do not contact them.

Coingecko market data shows that Pixelverse’s PIXFI token has fallen by more than 16% in 24 hours, and is now trading at US$0.05144 per coin.

The X platform may soon allow users to disable links in replies

Dogecoin designer DogeDesigner said that the X platform (formerly Twitter) will soon allow users to disable links in replies.

Space X and X engineer Christopher Stanley replied that his team developed this feature. This new feature will give users more control over the content of their replies. According to analysis, the launch of such a function will be of great help in reducing phishing and fraud that often occur on the X platform.

"Musk changed his avatar to celebrate Biden's withdrawal" ranked 16th on Weibo's hot search list

According to Weibo hot search data, "Musk changed his avatar to celebrate Biden's withdrawal" ranked on Weibo's hot search list No. 16. Earlier today, Musk and Messari founder Ryan Selkis both changed their X account avatars to "blue laser eyes."

Binance will suspend token deposits and withdrawals on the CTK and RIF networks to support network upgrades and hard forks

According to Binance’s announcement, Binance will support Shentu (CTK) and Rootstock Infrastructure Framework (RIF) network upgrades and hard forks. Forks. The Shentu (CTK) project team will conduct a network upgrade and hard fork at block height 19,525,000 (estimated at 18:00 on July 23, 2024, Beijing time). Binance is expected to suspend the token deposit and withdrawal services of the Shentu (CTK) network at 17:00 on July 23, 2024. The Rootstock Infrastructure Framework (RIF) project will conduct a network upgrade and hard fork at block height 6,549,300 (estimated at 18:00 on July 24, 2024, Beijing time). Binance is expected to suspend the token deposit and withdrawal services of the Rootstock Infrastructure Framework (RIF) network at 17:00 on July 24, 2024.

Important data

MakerDAO team-related addresses have completed the transfer of all 30,971 MKR

According to on-chain analyst Ember monitoring, the 4-month selling pressure on MKR has finally ended: it lasted 126 days, addresses related to the MakerDAO team All 30,971 MKR (valued at approximately US$92.08 million) have been transferred out. In the last two days, the address transferred the last 2,228 MKR (worth approximately $6.27 million) to Binance, possibly signaling the completion of their sale. Starting from March 18 to ending on July 22, in the past four months, this address continued to transfer all 30,971 MKR (worth approximately US$92.08 million) into the exchange by transferring hundreds of MKR in each transaction. The average transfer price is approximately US$2,973.

Data: ALT, YGG, AGIX, ENA and other tokens were unlocked this week, of which ALT unlocked approximately US$114 million

Token Unlocks data shows that ALT, ID, GAL, ENA and other tokens are expected to receive large amounts this week Unlocked, among which:

SPACE ID (ID) will unlock approximately 18.49 million tokens at 8 a.m. Beijing time on July 22, with a ratio of 4.29% to the current circulation and a value of approximately US$9 million;

Galxe ( GAL) will unlock about 586,000 tokens at 8:00 am on July 24th, Beijing time, with a ratio of 0.49% to the current circulation and a value of approximately US$2.3 million;

Acala (ACA) will unlock on July 25th, Beijing time Approximately 4.66 million tokens will be unlocked at 8 a.m. on July 25, which is 0.46% of the current circulation and worth approximately US$340,000;

AltLayer (ALT) will unlock approximately 684 million tokens at 6 p.m. Beijing time on July 25 The ratio of tokens to the current circulating supply is 42.08%, and the value is approximately US$114 million;

Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10:00 pm on July 27th, Beijing time, accounting for 42.08% of the current circulating supply. The ratio is 3.74% and the value is approximately US$7.6 million;

SingularityNET (AGIX) akan membuka kunci kira-kira 8.45 juta token pada jam 8 pagi waktu Beijing pada 28 Julai, dengan nisbah 1.32% kepada peredaran semasa dan nilai kira-kira AS$5.3 juta

Ethena (ENA) akan membuka kunci kira-kira 8.4 juta; token pada 8 pagi waktu Beijing pada 28 Julai Kira-kira 14.89 juta token akan dibuka pada 3:00 petang pada 28 Julai, iaitu 0.87% daripada bekalan edaran semasa dan bernilai kira-kira AS$7.3 juta

Forta (FORT) akan dibuka pada 8:00 pagi pada 28 Julai, waktu Beijing, 50,000 token, dengan nisbah 0.01% kepada edaran semasa, bernilai kira-kira AS$8,400.

Penggodam WazirX memindahkan kira-kira 16,350 ETH ke dua alamat baharu

Pemantauan PeckShield menunjukkan bahawa alamat yang ditandakan sebagai penggodam WazirX telah memindahkan kira-kira 16,350 ETH (kira-kira $57 juta) ke dua alamat baharu.

CoinShares: Aliran masuk bersih produk pelaburan aset digital mencecah AS$1.35 bilion minggu lepas

Menurut data laporan mingguan terkini CoinShares, pembelian produk pelaburan aset digital terus meningkat minggu lepas, dengan aliran masuk mencecah AS$1.35 bilion, menjadikan aliran masuk daripada dana dalam tiga minggu lalu kepada $3.2 bilion. Aliran masuk Bitcoin minggu lepas ialah $1.27 juta, manakala Bitcoin ETP pendek menyaksikan aliran keluar $1.9 juta, menjadikan jumlah aliran keluar sejak Mac kepada $44 juta. Prospek Ethereum nampaknya telah berubah, dengan aliran masuk $45 juta lagi minggu lepas, mengatasi Solana sebagai altcoin dengan aliran masuk paling banyak setakat tahun ini. Saham Blockchain terus menderita berbanding dengan token, dengan $8.5 juta dalam aliran keluar minggu lepas, walaupun kebanyakan ETF mengatasi prestasi indeks ekuiti global.

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