Daily Report | Biden announces withdrawal from presidential race; Ethereum celebrates its tenth anniversary; Musk changes X platform avatar to "laser eyes" image
July 22 News Overview整理：Fairy，ChainCatcher
Important News:
- Biden Announces Withdrawal from 2024 Presidential Race
- President Biden Supports Vice President Harris as 2024 Democratic Presidential Candidate
- Vitalik: Polymarket's Performance is Impressive
- Ethereum Foundation Researcher: Ethereum Celebrates Its 10th Anniversary, ETH/BTC Has Increased Over 100 Times in Ten Years
- TON Foundation Partners with Mocaverse to Launch $20 Million Plan to Support the TON Ecosystem
- CoinShares: $1.35 Billion Inflow into Digital Asset Investment Products Last Week
- Seven U.S. States Join Forces to Challenge SEC's Overregulation of Cryptocurrency
- Musk Changes X Platform Avatar to "Laser Eyes" Image
- Messari Founder Changes Avatar to Musk's "Laser Eyes," Market Sees Surge in Related Meme Tokens
What Important Events Happened in the Last 24 Hours?
Vitalik: Polymarket's Performance is Impressive
Ethereum co-founder Vitalik replied to a tweet from Polymarket, saying, "Your performance is impressive. You not only predicted the outcomes in advance but also provided positive opinions for collective decision-making by showing the conditional odds of different candidates."
Ethereum Foundation Researcher: Ethereum Celebrates Its 10th Anniversary, ETH/BTC Has Increased Over 100 Times in Ten Years
Ethereum Foundation official researcher Justin Drake posted on X, stating that today marks Ethereum's 10th birthday.
On July 22, 2014, Ethereum officially launched its ICO, with a fundraising price of 1 BTC for 2000 ETH, no permission required, no VC, and no lock-up. Ten years later, 1 BTC can be exchanged for less than 20 ETH, meaning that ETH has increased over 100 times relative to BTC in the past decade.
TON Foundation Partners with Mocaverse to Launch $20 Million Plan to Support the TON Ecosystem
According to an official announcement, the TON Foundation has partnered with Mocaverse to launch a $20 million plan to support the TON ecosystem.
The TON Foundation, Mocaverse, and the MOCA Foundation agreed to establish a $20 million reserve of MOCA coins and Toncoin to incentivize developers and users to adopt the TON ecosystem through joint incentive measures such as open alliances, hackathons, and accelerator programs. These funds will leverage their combined ecosystem and encourage cross-functional development of developer and user activities.
The TON Foundation and MOCA Foundation will utilize listing and token resources to facilitate user interactions within their respective ecosystems. Through this collaboration, Animoca Brands and Mocaverse will actively promote and integrate the TON blockchain, providing assistance to partners developing gaming projects.
CoinShares: $1.35 Billion Inflow into Digital Asset Investment Products Last Week
According to CoinShares' latest weekly report, inflows into digital asset investment products reached $1.35 billion last week, bringing the total inflow over the past three weeks to $3.2 billion.
Bitcoin investment products saw inflows of $1.27 billion last week, while short Bitcoin ETPs experienced outflows of $1.9 million. Ethereum investment products saw inflows of $45 million last week.
The U.S. and Switzerland saw significant inflows of $1.3 billion and $66 million, respectively, while Brazil and Hong Kong experienced slight outflows of $5.2 million and $19 million.
Matrixport: Fiat Inflows Rise, Indicating Bullish Trend in Crypto Market
Matrixport stated that the inflow of fiat to cryptocurrency seems to be rising again, as indicated by the recent increase in daily minting data.
Historically, this growth typically signals a bullish market, indicating a shift of funds from traditional financial markets to the cryptocurrency market.
This change reflects a positive trend, especially against the backdrop of relatively subdued minting activity since mid-April.
Strategist: Biden's Withdrawal May Cause Volatility, but Rate Cut Expectations Remain the Main Driver
Quilter Investors investment strategist Lindsay James stated that President Biden's withdrawal from the presidential race and support for Kamala Harris reduces the likelihood of a Trump victory, and some volatility may occur in the markets over the next four months.
However, she wrote in a research report that rate cut expectations will remain the driving force behind market returns, despite the campaign news. She added that the market is increasingly pricing in a Trump victory, with small companies benefiting from widespread expectations of import tariffs.
Binance Completes 28th BNB Burn, Destroying Approximately $971 Million in BNB
According to an official announcement, Binance has completed its 28th BNB burn, destroying 1,643,698.8 BNB, worth approximately $971 million.
Official X Accounts of DOGS and Pixelverse Have Been Frozen
The official X accounts of the TON ecosystem MEME projects DOGS and Pixelverse have been frozen, and the X account of the Pixelverse founder has also been suspended.
Some X users claimed that their community farmers reported these accounts, stating that they hope the project teams understand that the community is key. If the project teams do not wish to reward farmers, they should not engage with them.
Seven U.S. States Join Forces to Challenge SEC's Overregulation of Cryptocurrency
According to Bitcoin.com, seven U.S. states have joined forces to challenge the SEC's regulatory authority over cryptocurrency. The coalition, led by Iowa Attorney General Brenna Bird, submitted an amicus brief on July 10 opposing the SEC's attempts to regulate cryptocurrency. The coalition includes Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma.
The coalition argues that the SEC's "power grab" will stifle 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 grant itself new powers bypassing Congress are illegal, stifling innovation and allowing fraudsters to go unpunished.
The brief also explains that the SEC has violated the Administrative Procedure Act and the Major Questions Doctrine, calling on the court to prevent the SEC from exceeding its authority. The seven-state coalition argues that typical cryptocurrencies do not fall under the investment contracts defined by the Securities Act of 1934.
Musk Changes X Platform Avatar to "Laser Eyes" Image
Tesla and SpaceX CEO Musk changed his X platform (formerly Twitter) avatar to the iconic "laser eyes" image associated with Bitcoin supporters.
Reportedly, the "laser eyes" phenomenon was part of a social media movement that pushed Bitcoin's price to reach $100,000 at the end of 2021, a goal that was not achieved.
President Biden Supports Vice President Harris as 2024 Democratic Presidential Candidate
After announcing his withdrawal, Biden stated that he would fully support and endorse Vice President Harris for the Democratic presidential nomination. Minutes after Biden announced his withdrawal from the 2024 presidential race, Trump responded during a call with CNN, saying, "He is the worst president in our nation's history. So far, he is the worst president in our country's history." Trump also stated that he believes Vice President Harris would be easier to defeat than Biden.
Previous news reported that President Biden issued an open letter announcing he would not seek re-election. Biden stated that although he initially intended to run for re-election, he believes it is in the best interest of the party and the country to step down and focus on fulfilling his presidential duties for the remainder of his term, and he will address this decision later this week.
Biden Announces Withdrawal from 2024 Presidential Race
President Biden issued an open letter announcing he would not seek re-election. Biden stated that although he initially intended to run for re-election, he believes it is in the best interest of the party and the country to step down and focus on fulfilling his presidential duties for the remainder of his term, and he will address this decision later this week.
Messari Founder Changes Avatar to Musk's "Laser Eyes," Market Sees Surge in Related Meme Tokens
Messari founder Ryan Selkis changed his avatar to Musk's "laser eyes."
Additionally, there has been a surge in related meme tokens like DARKMUSK in the market, which have gained some popularity.
"What Exciting Articles Are Worth Reading in the Last 24 Hours?"
a16z Discusses Market Entry Strategies: Using Attention and Tokens to Build Decentralized Communities
Every company faces some form of "cold start problem": How do you start from nothing? How do you acquire customers? How do you create network effects that make your product or service more valuable as the number of users increases, thereby incentivizing more customers to sign up?
In short, how do you "go to market" and persuade potential customers to spend their money, time, and attention on your product or service?
In the Web2 era, most companies—defined by large centralized products/services like Amazon, eBay, Facebook, and Twitter, where the vast majority of value flows to the platform itself rather than the users—responded by heavily investing in sales and marketing teams as part of traditional go-to-market (GTM) strategies, focusing on lead generation and customer acquisition and retention. However, in recent years, a new organizational building model has emerged. Instead of being controlled by the company—where centralized leadership makes all decisions about products or services, even when using consumer data and free, user-generated content—this new model leverages decentralized technology and introduces users as owners through what are called Tokens, a form of digital primitive.
This new model, known as Web3, changes the entire GTM concept for these new types of companies. While some traditional customer acquisition frameworks still apply, the introduction of Tokens and new organizational structures like Decentralized Autonomous Organizations (DAOs) require various marketing approaches. Since Web3 is still new to many, but there is significant construction in this space, I will share some new frameworks for thinking about GTM in this context, as well as the potential positions of different types of organizations within the ecosystem. I will also provide some tips and strategies for builders looking to create their own Web3 GTM strategies as the space continues to evolve.
U.S. Vice President Harris Announces She Will Replace Biden in the Election, Which New Tokens Are Worth Watching?
With President Joe Biden announcing his withdrawal from the re-election campaign, Vice President Kamala Harris has become a strong contender for the Democratic nomination.
In his statement, Biden expressed his full support for Harris's campaign and received backing from former President Bill Clinton, former Secretary of State Hillary Clinton, and cryptocurrency critic Senator Elizabeth Warren.
Harris stated in her announcement, "I am honored to have the President's support. My goal is to win this nomination and do everything I can to unite the Democratic Party, unite the country, and defeat Donald Trump and his extreme 2025 agenda."
For friends in the crypto space, the most concerning issue is Harris's stance on cryptocurrency and which tokens are worth paying attention to, which BlockBeats will introduce in the following text.
Musk Takes the Lead Again, Switching to Laser Eyes After Three Years
As the U.S. election progresses, "viral memes" continue to emerge.
In the early hours of today, Beijing time, current President Biden announced his withdrawal from the 2024 U.S. presidential race and will support Vice President Kamala Harris as the Democratic presidential candidate for 2024. Subsequently, meme coins related to $HERRIS, $KAMALA, and $KAMA saw a short-term surge in the community.
At the same time, Musk, who is closely watched by the crypto community and supports the Trump camp, also "stirred things up," leading to a short-term surge of over 50 times for a meme coin called "DMAGA."
