| Binance Launchpad is about to launch the project Arkham; Standard Chartered Bank predicts that the price of BTC is expected to rise to $50,000 this year (July 11th).
Headline
Binance is about to launch Arkham (ARKM) on Launchpad
According to the official announcement, Binance is about to launch the 32nd project on Launchpad, Arkham (ARKM), and will open a BNB session. This sale will be based on a contribution model, and Binance will determine the user's eligible amount based on their average daily BNB holdings over 6 days. The BNB snapshot period for holdings is from 8:00 AM on July 11, 2023, to 8:00 AM on July 17, 2023 (UTC+8).
Arkham tweeted that they will distribute airdrop rewards to early users. The airdrop snapshot has already been taken on July 8, and it will be open for claiming on July 18. Users can claim the airdrop by entering their Ethereum address on the Arkham platform's invitation dashboard. Accounts identified as witch attackers or attempting to manipulate the system have been flagged and will no longer be eligible for claiming.
In addition, Arkham announced the Arkham Intel Exchange, an on-chain intelligence trading platform. Will officially go live on July 18th. Users can anonymously buy and sell information about blockchain wallet address owners through smart contracts. Buyers can request information from the community by offering rewards, and bounty hunters can submit the requested information to earn rewards. Additionally, anyone who has valuable information about a wallet or its owner can sell this information to other users through immediate purchase or auction. Arkham says that this creates a market for the liquidity of information, allowing on-chain investigators to monetize their work on a large scale and achieve "intel-to-earn".
Cryptocurrency
Data: ETH staking amount has reached 20% of total ETH supply
Dune data shows that the total amount of ETH staked on the Ethereum beacon chain has reached 23,813,911 ETH, accounting for 20% of the total ETH supply.
Curve: crvUSD market lending volume reached $79 million
DeFi protocol Curve Finance tweeted that the lending demand for crvUSD has resulted in a total lending volume of $79 million, with interest rates rising to around 2%.
GLMR, APT, IMX, and others will unlock a portion of their tokens this week
Token Unlocks data shows that 4 crypto projects will unlock their tokens this week, with a total value of over 5000 million US dollars.
Moonbeam (GLMR) will unlock approximately 9.68 million tokens (approximately $2.3 million) on July 11 at 8:00;
Aptos (APT) will unlock 4.54 million tokens (approximately $32.44 million) on July 12 at 8:00, accounting for 2.16% of the total supply;
ImmutableX (IMX) will unlock 18.08 million tokens (approximately $12.72 million) on July 15 at 18:00, accounting for 1.74% of the total supply;
Flow (FLOW) will unlock 7.29 million tokens (approximately $4.4 million) on July 16, 8:00, accounting for 0.7% of the total supply;
Messari: 1inch Q2 trading volume decreased by 37%, DAO treasury balance decreased by 10.8%;
Messari released the Q2 2023 report for 1inch Network, which shows that the total trading volume processed by 1inch Network exceeds $28 billion, a decrease of 37% compared to the first quarter. The decline is not only due to the decrease in trading volume in the second quarter, but also because of the inflation of trading volume in the first quarter caused by the USDC decoupling event in March 2023. Ethereum remains the dominant platform in 1inch Network, accounting for 70% of the total aggregated volume in the second quarter. The DAO treasury balance of 1inch decreased by 10.8%, amounting to $16.3 million. 1INCH V2 attracted 184 million staked 1INCH tokens, an increase of over 20% from the previous quarter.
Project Highlights
FSL, the parent company of STEPN, plans to launch the Web3 social game Gas Hero.
Find Satoshi Lab (FSL), the parent company of STEPN, announced plans to launch the multiplayer online game (MMO) Gas Hero, which will be available on web browsers and mobile devices. Gas Hero is currently under development and will be released using STEPN technology.
sp; utilizes GMT as its token and provides its own marketplace for decentralized decision-making in the game, allowing players to vote.The Gas Hero whitepaper will be released in seven parts over the next few months. As of September 9th, FSL will hold the "Shape the Legends, Shape the Glory" contest, where people can submit character designs for a chance to win royalties from the upcoming Gas Hero Genesis Hero NFT series, FSL T-shirts, with a total prize pool of approximately 2 million GMT tokens. (Decrypt)
Aave votes in favor and executes the proposal to reimburse gas costs to AIP proposers
Odaily News: The Aave community has voted in favor and executed a proposal to reimburse gas costs to recognized AIP proposal initiators. The proposal recognizes that with the increasing Ethereum gas fees, the on-chain governance costs of representing the community are also proportionally increasing, thus suggesting reimbursing gas fees to those recognized AIP governance proposal initiators.
Chainlink supports tokenized RWA price feeds on Backed
According to official news, Backed Finance's bIB 01, bIBTA, bCSPX, and other bTokens underlying assets now support the use of Chainlink Price Feeds, including the 0-1 year US Treasury Investment ETF IBO 1, 1-3 year USThe tokenized real-world asset (RWA) price of the Treasury Bond Fixed Income ETF IBTA and the ETF CSPX, which tracks the S&P 500 index. In the near future, Backed Finance plans to integrate Chainlink Proof of Reserve to enhance transparency for Backed products and provide publicly accessible real-time collateral information for Backed products.
Investment and Financing
Web3 Asset Management Platform Narval Completes $4 Million Seed Round, Led by BlockTower VC
French startup Narval announced the completion of a $4 million seed round, led by BlockTower VC, with participation from a16z, Fabric Ventures, Bpifrance, Cherry Crypto, Motier Ventures, Polygon co-founder Sandeep Nailwal, The Sandbox co-founder Sebastien Borget, and others. The company is building its "Web3 Wallet Usage Platform" and aims to provide organizations with a more secure way to interact with digital assets, including cryptocurrencies and NFTs. Narval will use the funding to hire engineers and designers, as well as continue developing the platform and strengthen its marketing efforts. (The Block)
Crust Network Secures Multi-Million Dollar Financing from DWF Labs
Decentralized storage solution Crust Network announced that it has secured multi-million dollar financing from DWF Labs. The new funding will allow Crust Network to further enhance its infrastructure and expand its business in the decentralized storage field. Crust Network plans to launch its EVM storage service on July 17th, providing storage for EVM-based blockchains.Decentralized storage solution.
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Global Policies
Fed's Daly: Several more rate hikes may be needed this year
Fed's Daly said that several more rate hikes may be needed this year; economic data is necessary for monetary policy decisions. Slowing down the pace of rate hikes is appropriate; we are in the final stages of the tightening cycle. (MarketsInsider)
People's Voices
Standard Chartered predicts that the price of Bitcoin may reach $50,000 by the end of this year and $120,000 by the end of 2024. The bank suggests that the increase in Bitcoin price may encourage miners to hoard more Bitcoin supply. In April this year, Standard Chartered released a forecast stating that the so-called "crypto winter" has ended, and the price of Bitcoin will reach $100,000 by the end of 2024. However, the bank's top foreign exchange analyst, Geoff Kendrick, says that this forecast now has a "20% upside potential."
Kendrick stated in a report, "The profitability of mining Bitcoin for miners is increasing, which means they can reduce sales while maintaining cash flow, reducing the net supply of Bitcoin and pushing up its price." (Reuters)
Former SEC Chair: Spot Bitcoin ETF should be approved
>Former SEC Chairman Jay Clayton said in an interview with CNBC that spot Bitcoin ETFs should be approved. He discussed the industry's progress and why the approval of such ETFs would be "irresistible." "In fact, our institutions understand the market better than anyone else... Institutions believe that these differences have disappeared, and now spot products have less resistance and higher efficiency for investors." However, Jay Clayton also pointed out that the regulatory process is thorough, so he believes there won't be an answer in the short term. But he noted that their approval requires regulatory safeguards, which will depend on whether the SEC continues to establish such measures. (Watcher.Guru)
