pro

Michael Saylor posted on the X platform that many Bitcoin supporters he respects back the BIP 110 proposal. He understands and agrees with these individuals' desire to protect Bitcoin, but believes that the solutions proposed by this proposal are "more dangerous than the problem itself." Bitcoin needs guardians to maintain network neutrality, and he stated that he will present "110 reasons" explaining why Bitcoin must adhere to the principle of neutrality. Protecting Bitcoin is crucial in maintaining its fundamental attributes as a global open, decentralized currency network, rather than resolving short-term disputes in ways that may undermine network consensus.

According to Changxin Technology's announcement, the preliminary offline allocation results and online winning results for the company's initial public offering and listing on the Sci-Tech Innovation Board have been announced. The issuance price is 8.66 yuan per share, with an initial number of shares issued of approximately 6.688 billion shares, and there are a total of 7,702,207 winning numbers. Each winning number can only purchase 500 shares of Changxin Technology A-shares.

According to the Korea Herald, South Korea's financial regulatory agency has issued an investigation report to Upbit's operator Dunamu, initiating sanction procedures. Previously, the company suffered a hacking incident involving 44.5 billion won.Since the incident occurred, the Financial Supervisory Service (FSS) has been investigating whether there were violations of the "Virtual Asset User Protection Act." However, as there are currently no direct penalties for hacking incidents or computer system failures, it remains uncertain whether this will lead to severe disciplinary actions. The Financial Supervisory Service plans to notify the company in advance of the sanction opinion letter, which includes the level of sanctions, after the company provides an explanation. Subsequently, the final sanction measures will be determined by resolutions from the Sanction Review Committee, the Securities and Futures Commission, and the Financial Services Commission.

According to Onchain Lens monitoring, 5bro.eth (0x58bro) deposited 1.5 million USDC and placed a limit order to buy 2000 ETH, approximately 3.73 million dollars.If executed, their position will decrease from a short position of 6500 ETH to a short position of 4500 ETH. The address has a lifetime profit of 34.7 million dollars. The address is 0x418aa6bf98a2b2bc93779f810330d88cde488888.

According to token unlocking data from the Crypto asset data platform RootData, AltLayer (ALT) will unlock approximately 24.659 million tokens at 8:00 AM Beijing time on July 26, worth about 1.57 million USD.

According to tracking data from the Web3 asset data platform RootData, in the past 7 days, the crypto media platform BSC News has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include well-known cryptocurrency trader Ansem (@blknoiz06) and cryptocurrency trader Ash Crypto (@AshCrypto). In addition, the project that X top figures have unfollowed the most also includes Ostium.

According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the Robinhood Chain native CDP protocol Arrow Finance has been the project with the most new followers among X (Twitter) Top personalities. New influential figures following this project include well-known analyst 0xWizard (@0xcryptowizard), SpiderCrypto (@SpiderCrypto0x), and well-known KOL 0xSun (@0xSunNFT).

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that one year after the "GENIUS Act" became law, the United States has become the "global cryptocurrency capital" and thanked U.S. President and Senator Bill Hagerty for their leadership in achieving this goal.

According to South Korean media Digital Asset, the total trading volume of the top 5 digital asset exchanges in South Korea dropped to approximately 8.06 trillion won from 2 PM on July 9 to 2 PM on July 16, further declining from the previous week and reaching the lowest level in nearly 3 years and 2 months.Data shows that the weekly trading volume of the top 5 exchanges in South Korea has been declining for several weeks, dropping from 17.7 trillion won from June 5 to June 12, to 15.4 trillion won, 14.6 trillion won, 13.4 trillion won, and 9.97 trillion won, with the latest week further falling to 8.06 trillion won, the lowest since 8.44 trillion won recorded from May 11 to May 18, 2023.In terms of exchange market share, the rankings have not changed, with Upbit continuing to hold the top position at 63.57%, but down 0.63 percentage points from the previous week; Bithumb rose to 29.18%, Coinone rose to 6.41%, while Korbit and Gopax accounted for 0.76% and 0.07%, respectively.

According to a report by The Defiant, data from Token Terminal shows that the on-chain trading activity of tokenized stocks and their use in lending and collateralization are both on the rise, but they still account for a small proportion of the overall DeFi market. Specifically, the on-chain spot DEX for tokenized stocks has reached a cumulative trading volume of $1.8 billion over the past 90 days, while the lending market has a deposit scale of approximately $23 million.In detail, on-chain trading volume is mainly concentrated on BNB Chain and Solana, accounting for 47.3% and 45.5% of the trading volume over the past 90 days, respectively; by asset classification, tokens tracking QQQ and SPY account for 40.5% and 40.4% of the total trading volume. In terms of lending collateral, xStocks accounts for 86.5% of the issuer's share, Solana accounts for 85.5% of the on-chain share, and Kamino accounts for 82.6% of the protocol share.The report also points out that compared to Uniswap's monthly trading volume of approximately $45 billion and xStocks' TVL of about $330 million, the current scale of tokenized stocks in terms of both trading and collateral usage is still at a low base.

Founder of Strategy Michael Saylor published a post opposing the BIP 110 proposal that restricts the use of inscriptions and other data storage purposes. Bitcoin should adhere to neutrality, open markets, and permissionless innovation, and should not target specific uses through consensus rules.Saylor listed 110 reasons for opposition, emphasizing that Bitcoin should remain conservative at its core. Bitcoin does not need guardians of purity; it needs guardians of neutrality.

According to on-chain analyst Onchain Lens (@OnchainLens), a Bitcoin whale has transferred 583.23 BTC to a new wallet, worth approximately 37.57 million USD.Onchain Lens stated that this address acquired 852.469 BTC for about 15.63 million USD approximately 8 years ago, when the price of Bitcoin was around 18,300 USD. Since then, this whale has continuously diversified its holdings by transferring them to multiple new wallets and has moved some funds to exchanges.

According to monitoring by Catcher Predict, in the "World Cup Golden Boot Winner" event on the prediction market Polymarket, the "Yes" option for the sub-market "Lionel Messi" has experienced significant fluctuations in winning probability, soaring from 52.05% an hour ago to the current 67.3% (a fluctuation of 15.25%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market event "Minnesota Twins vs. Chicago Cubs" on Polymarket, the "Chicago Cubs" option in the sub-market "Spread -1.5" experienced a dramatic fluctuation in winning probability, soaring from 70.5% an hour ago to the current 87.5% (a fluctuation of 17%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, the "France vs England Score Prediction" event is currently among the hottest trades on the prediction market Polymarket, with a cumulative pool size reaching 121 million dollars. The option with the highest market consensus is "Other Scores," corresponding to a winning probability of approximately 14.5%.

According to on-chain analyst Yu Jin's monitoring, the whale geminisat.eth (0x49C5...f1f2) transferred 19,235 ETH (approximately 35.34 million USD) to Binance 15 minutes ago.These ETH originated from a withdrawal he made from Binance a month ago, when the ETH price was 1,766 USD, resulting in a profit of 1.4 million USD.

According to The New York Times, as Robinhood incorporates prediction markets into its app, concerns about the platform potentially exploiting young, inexperienced investors have intensified. Additionally, many still associate Robinhood with the Meme stock craze that swept the market, of which Robinhood was a significant driver.Now, Robinhood hopes that the public sees more than just these labels. The company has become one of the institutions responsible for operating the Trump Accounts program, which gives Robinhood the opportunity to build closer connections with the next generation of investors while further strengthening its ties with Washington.Robinhood CEO Vlad Tenev responded that this move is not intended to encourage speculation but rather to expand financial inclusion and help more American families participate in long-term investing. Currently, Robinhood has adjusted some product designs and is attempting to transition from a "speculative trading platform" to a broader financial services company.

According to on-chain analyst Yu Jin's monitoring, through governance proposals, the Bonk treasury has been drained of $21.2 million. The address of BONK has transferred 40 billion BONK (worth $1.19 million) to Coinbase again.Since the first transfer early this morning, the price of BONK has dropped another 7%.

According to monitoring by Lookonchain, suspected whales related to a16z (0xb5E...c24e, 0xF43...9BC2) sold 421,800 HYPE again in the past 24 hours, worth 25.3 million USD.

Jeff Yan, co-founder of Hyperliquid, recently stated in the VALR podcast that one of the biggest challenges currently facing the cryptocurrency and fintech sectors is the failure to attract enough top entrepreneurial talent.Jeff Yan believes that, influenced by factors such as the AI boom and social prestige, many of the best young people are unclear about which fields they should engage in to create the most value, resulting in very few choosing to enter the cryptocurrency industry.He stated that reconstructing the financial system from first principles and transforming academic theories into scalable market designs is a highly meaningful endeavor, and he urged young entrepreneurs not to focus solely on the surface value of things but to concentrate on the real problems facing the world and participate in the development and innovation of on-chain finance.