Rhythm Evening News｜List of important information on June 26
Analysis: Crypto ETFs outperform the S&P 500 without Nvidia exposure
BlockBeats news, on June 26, Bloomberg ETF analyst Eric Balchunas wrote that among the ETFs with almost no exposure to Nvidia stock (NVDA), those that beat the S&P 500 were mainly crypto-themed ETFs, home builders, fintech and DXJ theme funds.
Vitalik: Blockchain can be used as a defense against the "efficiency" of authoritarian regimes
BlockBeats news, June 26, in the latest Bankless podcast, Ethereum co-founder Vitalik Buterin elaborated on the potential of blockchain to enhance democratic resilience through secure, anonymous communications and verifiable voting.
Vitalik Buterin emphasized that the monopoly control narrative may become the only stable equilibrium by comparing the information environment to Thomas Hobbes's concept of "all against all" war. This metaphor highlights the potential for authoritarian regimes to use the Internet for data aggregation, turning a tool designed to empower freedom into a tool to strengthen central control.
Report: USDT supply growth slows, indicating reduced liquidity in the crypto market
BlockBeats reported on June 26 that USDT supply growth in June dropped significantly, reflecting reduced liquidity in the crypto market. A report from cryptocurrency custodian Copper showed that as of June 24, Tether (USDT) supply increased by less than 1.5% month-on-month, significantly lower than the increase in April and May (more than 5%).
Fadi Aboualfa, head of research at Copper, said: "This shows that as Bitcoin and Ethereum face downward pressure, liquidity flowing into the crypto market is decreasing, while altcoins are still far behind, with little hope of any significant rebound in the short term."
USDT trading volume fell from an all-time high of $767.2 billion on March 11 to $53.5 billion on June 24. With the USDT market cap at $113 billion, the slowdown in supply growth suggests less money is flowing into the crypto market.
In addition, the Bitcoin market has seen a sharp increase in daily outflows recently, with more than $540 million flowing out last week. Over the past 30 days, the price of Bitcoin has fallen by more than 10%, from $68,000 to $62,000.
Market maker GSR Markets' revenue in the first half of the year more than doubled year-on-year
BlockBeats news, June 26, according to Bloomberg, crypto market maker GSR Markets said that Jakob Palmstierna will move from CEO to president, and Rich Rosenblum and Xin Song will serve as co-CEOs. New CEO Rosenblum said in an interview that London-based GSR has about 200 employees worldwide, and in the first half of this year, the company's revenue more than tripled compared with the same period last year. GSR has remained profitable and has never raised external funds.
Rich Rosenblum co-founded GSR with Chairman Cristian Gil in 2013. He previously served as Goldman Sachs' global head of crude oil and derivatives trading and managed energy trading teams at two New York hedge funds.
Xin Song joined GSR Markets in 2019 and previously served as the company's chief operating officer. Prior to joining GSR Markets, Song was a portfolio manager for the BlackRock Scientific Active Equity Team in London and established his own cryptocurrency derivatives hedge fund.
io.net launches block rewards for GPU and CPU suppliers
BlockBeat news, on June 26, io.net announced the launch of block rewards, providing block rewards for Suppliers accounts that provide GPUs or CPUs on the IOG network. Block rewards are credited to Suppliers accounts in the form of IO on an hourly basis. The current distribution of block rewards is: 80% of the hourly release is allocated to GPUs and 20% to CPUs.
Optimism announces SuperFest event
BlockBeats news, on June 26, according to official news, Optimism announced the launch of SuperFest (Superchain DeFi Festival) event, which involves:
1. Network: Base, Mode, Frax Finance, OP Mainnet;
2. Application: Velodrome, Aerodrome, Uniswap, Aave, Lido, Curve, etc.;
3. Bridge: Jumper, Across, Stargate, CelerNetwork, etc.
Optimism said that the event received special support from Zora, Rainbow and Hype institutions.
Aevo: Committed to buy back at least 1 million AEVO per month from July to December
BlockBeat news, on June 26, Aevo officials issued a statement saying that the market environment has changed significantly recently, resulting in a decline in overall trading volume and a weakening of the altcoin market. According to the AEVO token economics (determined by the DAO vote in AGP-1), part of the surplus income generated by Aevo DEX will be used for buybacks. The official will commit to buy back at least 1 million AEVO per month from July to December.
The official said that the trading reward activity has reached the planned end time of 4 months, so it is reasonable not to update the trading reward. The staking reward will remain unchanged at 100,000 AEVO per week. With the reduction of emissions and the start of AEVO buybacks, AEVO's token economics are shifting from an aggressive growth strategy to a more defensive stance, creating more value for token holders.
Sanctum: Sanctum Profiles have been launched, which may be related to the CLOUD airdrop criteria
BlockBeat news, on June 26, Solana ecosystem liquidity pledge protocol Sanctum announced on social platforms that it has launched a beta version of Sanctum Profiles. Users can connect wallets and social media to improve their personal profiles, display community roles, pets, achievements, etc. The user's Sanctum Profiles settings may be related to the upcoming CLOUD airdrop standards.
BlockBeats previously reported that Solana ecosystem liquidity pledge protocol Sanctum announced on social platforms that Wonderland Season 1 has officially ended, Season 2 will be launched later this year, and CLOUD token airdrops will be announced in the near future.
BlockBeats news, on June 26, according to Lookonchain monitoring, the address starting with 3TQYN sold all of its 2.5 million DORAE in exchange for 10,538 SOL (about $1.45 million), causing the price to fall by more than 99%. Some on-chain data indicates that the address may be owned by the developer.
6 hours ago, the address received 304 SOL ($41,000) from KuCoin and CEHgjR...Y45a9z and purchased 2.5 million DORAE, and then sold all its DORAE at 10,538 SOL ($1.45 million) 1 hour ago, earning 10,234 SOL (about $1.41 million) in less than 6 hours. CEHgjR...Y45a9z received 215.7 million DORAE from the deployer wallet CKEfb2...HQWuUR.
Binance completes the exchange of BEAM, BCD and other token balances to USDT
BlockBeats news, on June 26, Binance has completed the exchange of Beam (BEAM), Bitcoin Diamond (BCD), GoChain (GO), Neutrino System Base Token (NSBT), and Songbird (SGB) token balances to USDT.
The conversion will be performed between 2023-12-26 00:00 (UTC) and 2024-06-25 23:59 (UTC), and users can confirm receipt of USDT tokens through Wallet> Transaction History> Allocation.
BlockBeats news, on June 26, Binance Web3 wallet official said, "According to statistics, there are more than 1 million participants in the Megadrop Lista event, of which 102,000 accounts were identified as fraudulent accounts by risk control (this number is still being updated). After the team further identified the account collection actions and other behaviors, the platform finally confirmed and banned 297 main accounts, one of which even collected up to 9,000 KYC small accounts.
In addition, the platform's risk control measures are only for accounts identified as fraudulent. For real users, there is no need to worry. If any user believes that there is a misjudgment of their real account, they can file a complaint with Binance through the online customer service platform. Submit a complaint and we will help users solve the problem as soon as possible. 」
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