Skm0107

@skymen0107

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Polymarket CEO Shayne Coplan announced that Bloomberg Terminal has officially integrated the Polymarket platform. This marks the official entry of the prediction market into the mainstream news and financial fields, gradually changing from a science fiction concept to a new normal that changes the flow of information. Currently, tens of millions of people are accustomed to relying on Polymarket's predictions as a source of information. This trend is still in its early stages. https://www.bloomberg.com/news/articles/2024-09-03/nvidia-gets-doj-subpoena-in-escalating-antitrust-investigation?embedded-checkout=true

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Bybit released the twelfth proof of reserve (snapshot date July 10). User BTC assets increased by 5.62% compared to June 6, an increase of 2,386 BTC. User ETH assets increased by 0.46%. User USDT asset deposits increased by 17.81%, an increase of 433 million USDT. https://www.bybit.com/app/user/proof-of-reserve

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The German Government transferred a total of 5,000 BTC to Coinbase, Kraken, Bitstamp, Flow Traders, B2C2 Group and more between 23:51 on July 11 and 0:09 UTC+8 on July 12. 4,169 BTC were received from Coinbase, Kraken and Bitstamp between 1:20 and 5:33 UTC+8 today. The German Government still holds 9.094k BTC. https://platform.arkhamintelligence.com/explorer/entity/germany

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FinTAX, a cryptocurrency tax filing software founded by the former tax director of Bitmain, has been launched on Telegram, becoming the first professional tax software in the TON ecosystem. People can log in directly via the TON wallet, with automatic synchronization of TON wallet data. https://www.thetaxdao.com/#/articles?id=335

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According to Arkham, the German Goverment transferred 400 BTC to Kraken at 15:31 UTC+8 today, 2,500 BTC to the suspected B2C2 Group: 139PoP…H7ybVu, and 200 BTC to the unmarked address: bc1qu3…guzr4j, worth about $11.45 million. It then received 1,692 BTC from Bitstamp. https://platform.arkhamintelligence.com/explorer/entity/germany

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Citi analysts expect the Fed to cut interest rates by 25 basis points eight times starting in September this year, with a total of 200 bps cuts by July 2025, lowering the benchmark interest rate from the current 5.25%-5.5% to 3.25%-3.5%. The reasons include economic slowdown, weakening inflation, rising unemployment and a negative service sector index. https://fortune.com/2024/07/07/fed-rate-cuts-outlook-200-points-economy-sharper-slowdown-citi/

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South Korea's largest exchange Upbit announced the addition of the Korean won trading market for ENS. Ethereum Name Service (ENS) is a decentralized naming system on the Ethereum. Users can buy human-readable names like "bob.eth" and map it to identifiers such as addresses, content hashes, and metadata. https://upbit.com/service_center/notice?id=4355

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On July 5, the total net inflow of Bitcoin spot ETFs was $143 million. Grayscale ETF GBTC had a net outflow of $28.5713 million on a single day, Fidelity ETF FBTC had a single-day inflow of $117 million, and Bitwise ETF BITB had a single-day inflow of $30.1948 million. https://sosovalue.com/zh/assets/etf

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QCP: Despite the sell-off in crypto, the options market is still optimistic as we continue to see interest heavily skewed towards ETH Calls for Sep and Dec expiries. Liquidation clusters on BTC and ETH are heavily skewed to the topside, opening up potential short squeezes. With S-1 Form approvals round the corner, an approval may result in a hard bounce in ETH. https://t.me/QCPbroadcast/1259

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The Russian government is considering formally legalizing stablecoins for international transactions to simplify cross-border payments for Russian companies. The Russian Central Bank is actively discussing proposals to allow the use of cryptocurrency stablecoins pegged to gold or the US dollar, which could be established as a permanent regulation rather than a temporary experiment. https://cryptoslate.com/russia-contemplating-permanently-legalizing-stablecoins-for-cross-border-payments/

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EIP-7732: Enshrined Proposer-Builder Separation proposal was officially created. This EIP fundamentally changes the way an Ethereum block is validated by decoupling the execution validation from the consensus validation both logically as well as temporally. It does so by introducing a new optional attribution (being a builder) and a new duty (submitting payload timeliness attestations ) to Ethereum validators. https://eips.ethereum.org/EIPS/eip-7732

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Upbit, the largest cryptocurrency exchange in South Korea, has added support for JUP trading (Korean won, BTC, USDT markets). Jupiter is an aggregator project in the Solana ecosystem, providing users with a variety of DeFi services. https://upbit.com/service_center/notice?id=4346

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Northern Data, Europe's largest crypto mining company, is considering an initial public offering (IPO) in the United States, with a valuation of up to $16 billion, as early as the first half of next year. Tether has previously made a huge investment in Northern Data. https://www.bloomberg.com/news/articles/2024-07-01/northern-data-weighs-ai-unit-us-ipo-at-up-to-16-billion-value

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Pendle's total locked value (TVL) has fallen 40% in the past week. Since Wednesday, users have withdrawn nearly $3 billion. The large-scale withdrawals reflect the user's waning interest in restaking airdrops, and Renzo's points program is about to end at the end of July. DLNews https://www.dlnews.com/articles/defi/pendle-hit-with-3bn-drawdown-as-restaking-airdrops-fade/

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Polkadot's financial report for the first half of this year showed that it spent as much as $87 million (11 million DOTs), $37 million of which was spent on marketing. The community criticized the high expenditure for not bringing the expected returns. At the current consumption rate, Polkadot's funds can still last for about 2 years. https://forum.polkadot.network/t/2024-h1-polkadot-treasury-report/8862

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Exclusive: Sony Group, one of Japan's largest companies, has acquired Amber Japan, officially entering the crypto exchange field. Sony's businesses include games, music, cameras, etc., with a market value of more than $100 billion. Singapore market maker Amber Group acquired Japan's regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-to-equity transaction with Fenbushi. Amber Group investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc.

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Vitalik published an article titled Epochs and slots all the way down: ways to give Ethereum users faster transaction confirmation times. Currently, Ethereum's Gasper consensus mechanism uses a slot-and-epoch architecture, but this mechanism is complex and the finality confirmation time is too long (12.8 minutes). SSF uses a mechanism similar to Tendermint to terminate the block before the next block is generated, while retaining the "inactive leakage" mechanism to ensure the stable operation and recovery capability. https://vitalik.eth.limo/general/2024/06/30/epochslot.html

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Kaiko shows that the proportion of Bitcoin traded on weekends has fallen to an all-time low of 16% this year. The launch of spot Bitcoin ETF changed the Bitcoin trading schedule to be more in line with the traditional stock trading platforms and reduced Bitcoin price volatility. https://www.bloomberg.com/news/articles/2024-06-29/-boring-bitcoin-sends-weekend-trading-volume-to-all-time-lows

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The Arkham team said that they had studied the wallet address of Ethereum co-founder Vitalik Buterin, the total value of ETH currently held has exceeded $800 million, most of which came from the ETH allocation he received during the launch of Ethereum, about 246,730 ETH. He also invested in many projects such as StarkNet. https://x.com/arkhamintel/status/1807054751776854301?s=46

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Vitalik criticized the U.S. definition and regulation of cryptocurrency as securities, saying that the existing system encourages useless things and vague potential returns. If promised returns and rights are securities, he hopes to see a shift to the opposite situation, issuing tokens will maintain or increase economic value, which requires the honest participation of regulators and the industry.

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