Rhythm Evening News｜A list of important information in the crypto industry on July 10

The price of Rune EPIC•EPIC•EPIC•EPIC exceeded US$0.02, with a 24-hour increase of 63.46%

BlockBeats news, on July 10, according to OKX market data, the price of Rune EPIC•EPIC•EPIC•EPIC exceeded US$0.02 and is currently trading at US$0.02317, with a 24-hour increase of 63.46%.

Reddit data DAO r/datadao token RDAT briefly rose above $0.04

BlockBeats news, on July 10, according to market information, or affected by the news that "Reddit data DAO r/datadao announced a cooperation with ORA and Vana", the token RDAT briefly rose above $0.04 and is now quoted at $0.0379, a 24-hour increase of 67%.

BlockBeats previously reported that Reddit data DAO r/datadao announced a cooperation with ORA and Vana, and plans to release a decentralized AI model $RLM (Reddit Language Model) trained by user data and jointly owned by users in the third quarter of 2024.

SATS rose more than 17% in 24 hours, temporarily reported at 0.0000001836 US dollars

BlockBeats news, on July 10, according to HTX market data, SATS broke through 0.00000018 US dollars, temporarily reported at 0.0000001836 US dollars, a 24-hour increase of 17.79%.

Renzo's TVL fell 42.42% in the past month to 2.234 billion US dollars

BlockBeats news, July 10, according to DeFiLlama data, Renzo TVL fell 42.42% in the past month to $2.234 billion.

In the past 24 hours, Solana chain DEX transaction volume surpassed Ethereum, reaching $2.467 billion

BlockBeats news, July 10, according to DeFiLlama data, in the past 24 hours, Solana chain DEX transaction volume reached $2.467 billion, surpassing Ethereum chain DEX transaction volume of $1.534 billion.

Doubler: Liquidity Airdrop snapshot completed, 500,000 DBR tokens to be distributed

BlockBeats news, on July 10, Doubler, a liquidity aggregation investment strategy protocol, announced on the X platform that the Liquidity Airdrop snapshot was completed at 10:30 Beijing time today.

BlockBeats previously reported that the Doubler Lite mainnet was launched on Arbitrum at 10:30 on July 5. At the same time, a 5-day "liquidity airdrop" event was launched, with a total of 500,000 DBR tokens distributed. The wallet address holding C coin (ARB-ETH-C token abbreviation) can get the airdrop, and the maximum airdrop amount per address is 1000 DBR.

Fully Homomorphic Encryption (FHE) Network Mind Network Announces Alpha Mainnet Launch

BlockBeats news, on July 10, according to TheBlock report, the fully homomorphic encryption (FHE) network Mind Network announced the launch of the Alpha mainnet, using FHE technology to re-stake to enhance the security and efficiency of AI and POS networks. Mind Network can introduce remote cross-chain re-staking to reduce the risk and cost of cross-chain transfers.

BlockBeats previously reported that in June 2023, Mind Network completed a $2.5 million seed round of financing, with Binance Labs and others participating.

Matrixport: Ethereum ETF approval seems imminent, and the market may not see a "sell news" event this time

BlockBeats news, on July 10, according to Matrixport analysis, according to the S-1 filing submitted to the SEC, the approval of the Ethereum ETF seems imminent. Although Ethereum prices have pulled back from the rebound since May 20, 2023, when the SEC required exchanges to resubmit Form 19b-4, ETH's market position remains bullish.

The number of long positions increased from 2.7 million ETH to 3.1 million ETH. This shows that futures traders are already anticipating the approval of the ETH ETF, even though the spot price has not yet reflected this sentiment. The market may not see a "sell the news" event this time.

Messari analyst: FTX creditors will receive $12 billion to $16 billion in cash claims from October to November this year, which is expected to become a buying force

BlockBeats news, on July 10, Tom Dunleavy, an analyst at blockchain research firm Messari, said, "FTX will provide creditors with $12 billion to $16 billion in cash in October and November this year. Basically, I think this is all buying power."

Bernstein Report: Reiterated that Bitcoin will rise to $200,000 by the end of 2025

BlockBeats news, on July 10, according to The Block According to reports, investment research firm Bernstein said in a research report that it reiterated that Bitcoin will rise to $200,000 by the end of 2025.

Bernstein said this was driven by expectations of unprecedented demand for spot Bitcoin ETFs and the marginal production cost model of Bitcoin miners. Ultimately, the analyst's goal is for Bitcoin prices to reach $500,000 by the end of 2029 and $1 million by 2033.

US Bitcoin spot ETFs have accumulated net inflows of $15.274 billion

BlockBeats reported that on July 10, according to Farside Investors' monitoring, US Bitcoin spot ETFs have accumulated net inflows of $15.274 billion since their launch. Among them:

BlackRock IBIT has a cumulative net inflow of 18.047 billion US dollars;

Fidelity FBTC has a cumulative net inflow of 9.513 billion US dollars;

Grayscale GBTC has a cumulative net outflow of 18.615 billion US dollars.

Bitwise Chief Compliance Officer: Ethereum ETF "close to the finish line", SEC is open to the third cryptocurrency ETF

BlockBeats news, on July 10, according to Cointelegraph, Bitwise Chief Compliance Officer Katherine Dowling said that the issues in the S-1 document have been repeatedly discussed between the SEC and potential ETF issuers, and the problems have been "less and less." The list of eight Ethereum spot ETFs is about to go live, and all signs indicate that we are close to the finish line for issuance. Several spot Ethereum ETF issuers have been waiting for six weeks for the SEC to sign their S-1 registration statements. Bitwise Chief Investment Officer Matt Hougan speculated that the Ethereum spot ETF could attract up to $15 billion in inflows in the first 18 months of opening for trading - roughly the same amount of money that the spot Bitcoin ETF attracted in the six months since its launch.

Dowling revealed that the SEC is also open to discussions about non-Bitcoin and Ethereum products. "We have actually had conversations with the SEC about the possibility of new product launches, and the communication about the prospects of these products has actually been very welcome," Dowling said. "Some new products may need to wait for approval from the new SEC chairman, but it's a positive conversation."

It is reported that the Chicago Board Options Exchange (CBOE) submitted an application for the listing of Solana (SOL) spot ETF on behalf of VanEck and 21Shares on July 8.

The "German Government" address transferred 750 BTC to the suspected B2C2 Group address in the first 10 minutes

BlockBeats news, on July 10, according to Arkham data, the wallet address marked as "German Government" transferred 750 BTC to the suspected B2C2 Group address in the first 10 minutes.

So far, the "German Government" address has transferred a total of about 5,853 BTC today.

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