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Token Unlocks: Over $755 million worth of tokens are set to be unlocked in July 2024. Major projects like AltLayer, Xai, Aptos, Arbitrum, Optimism, Sui, Immutable, and Starknet will see significant token releases. AltLayer, for instance, will unlock 684 million ALT tokens valued at around $125 million.
Market Movements: The market has experienced notable volatility. Bitcoin recently dropped below $54,000, leading to significant liquidations totaling over $678 million within 24 hours. Despite this, investment products like BlackRock's Bitcoin ETF have shown strong inflows, contributing to an overall positive sentiment in the investment community.
Security Concerns: There have been significant on-chain security breaches, resulting in losses of $688 million across 184 incidents in Q2 2024. Additionally, Hong Kong's Securities and Futures Commission issued warnings against the trading platform BitForex due to fraud concerns and withdrawal issues. 0 reply
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