Rhythm Evening News｜A list of important information in the crypto industry on July 5
Bitcoin rebounded briefly to break through $55,000
BlockBeats news, on July 5, according to HTX market, Bitcoin rebounded briefly to break through $55,000, and is now quoted at $55,003.
Ethereum rebounded briefly to break through $2,900
BlockBeats news, on July 5, according to HTX market, Ethereum rebounded briefly to break through $2,900, and is now quoted at $2,913.
Some currencies led the rebound, ZRO rose 7% in the past hour
BlockBeats news, on July 5, according to CoinGecko market, some currencies followed the market rebound, and the mainstream currencies with large trading volume and high growth in the past hour include:
ZRO is currently trading at US$3.12, up 7% in the past hour;
DYDX is currently trading at US$1.14, up 6.5% in the past hour;
SAFE is currently trading at US$1.29, up 6.0% in the past hour.
The time span for Mentougou Mt.Gox creditors to receive repayment may be as long as 3 months
BlockBeats news, July 5, according to The Block, the time for Mentougou Mt.Gox creditors to receive Bitcoin or Bitcoin Cash repayment varies from custodian to custodian. For those who apply for repayment using a Kraken account, it may take up to 90 days.
The trustee has previously detailed that the timeline for payments to be visible in creditor accounts may vary from exchange to exchange. Kraken has 90 days to process payments, while Bitstamp may take up to 60 days. BitGo will see payments within 20 days. Both SBI VC Trade and Bitbank will complete payments within 14 days.
Biden said he will continue to participate in the US presidential election
BlockBeats reported that on July 5, local time on July 4, US President Biden hosted an event at the White House and expressed his determination to continue to participate in the US presidential election. Biden told thousands of active military personnel and their families at the event that he "would not go anywhere" with the election imminent and would continue to participate in the election.
On the evening of June 27, local time, the first televised debate of the 2024 US presidential election was held in Atlanta, attended by the current Democratic President Biden and the former Republican President Trump. Biden's poor performance in the debate caused anxiety among Democrats, and many called for another candidate. (Jinshi)
BlockBeats news, on July 5, according to market information, U.S. cryptocurrency concept stocks generally fell before the market, including:
MicroStrategy fell 8.53% before the market;
Crypto mining company Marathon Digital fell 5.15% before the market;
Trading platform Coinbase fell 1.13% before the market.
BlockBeats news, on July 5, according to Coingalss data, the total Bitcoin contract holdings on the entire network continued to fall, now reported at US$27.44 billion, a drop of 10.99% in the past 24 hours.
In addition, the total Ethereum contract holdings on the entire network fell simultaneously, now reported at US$12.337 billion, a drop of 12.16% in the past 24 hours.
Ethereum network Gas rose to 36 Gwei
BlockBeats news, on July 5, according to Etherscan data, Ethereum network Gas rose to 36 Gwei.
Zhu Su: Already received ETH at $2,900
BlockBeats news, on July 5, Zhu Su posted on social media that he had re-bought ETH at $2,900. (Previously sold at $3,300)
BlockBeats news, on July 5, according to Arkham monitoring, in the past 8 hours, Mt. Gox wallets transferred a total of 47,229 BTC (worth approximately US$2.71 billion), 2701.8 BTC (US$148.4 million) was transferred out of the Mt. Gox wallet, of which:
1544.7 BTC (US$84.9 million) was sent to Bitbank via Mt. Gox address 1PKGG;
1157.1 BTC (US$636 million) 1 million PENDLE was transferred to Binance by the Pendle Ecological Fund Address 40 minutes ago.
BlockBeats reported that on July 4, according to Ember’s monitoring, 40 minutes ago, the Pendle Finance Ecological Fund Address transferred 1 million PENDLE (worth about 4.04 million US dollars) to Binance.
According to statistics, Pendle Finance Ecological Fund has transferred a total of 4.4 million PENDLE to Binance this year, with an average transfer price of $2.98. Pendle Finance Ecological Fund also holds 18.16 million PENDLE.
Kakarot has launched a public test network
BlockBeats news, on July 5, ZkEVM Kakarot said on the social platform that it has launched a public test network.
TruBit Pro officially launches copy trading function
BlockBeats reported that on July 5, TruBit Pro, the leading virtual asset ecosystem in Latin America, officially launched its copy trading product on the entire network, adapting to user needs with its comprehensive functions, optimizing services for Asian and Latin American users, and enhancing the competitiveness of the crypto market. This function will help improve the crypto trading skills and market interaction experience of millions of users, more efficiently find suitable investment models, and enhance community activity.
TruBit Pro CEO Maggie Wu said that the copy trading model enables users to adopt the strategies of expert traders, earn profits while expanding their knowledge, and also enables professional traders to create investment pools and earn commissions, which provides users with multiple investment options and is a manifestation of TruBit Pro's better service to users and the market.
It is reported that TruBit was founded in Latin America in 2019 and has now developed into a global crypto ecosystem and professional-grade exchange, providing users with crypto wallets, Mastercard prepaid cards and TruBit Pro for spot and contract trading. Originally a pioneer in compliant fiat currency import and export services in Mexico, Argentina and Brazil, TruBit now expands its trading, remittance and cross-border payment services to the world.
If Bitcoin falls to $50,000, mainstream CEX will have $449 million in long orders liquidated
BlockBeats news, on July 5, according to Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is expected that CEX will have $449 million in long orders liquidated.
On the other hand, under the unilateral downward trend, as long orders decrease, short orders increase. If Bitcoin rebounds to around $56,000, it is expected that $772 million of short orders will be liquidated.
Jupiter: New trading methods on the Solana chain will be launched next week
BlockBeats news, on July 4, Jupiter announced on the X platform that ape.jup.ag was recently launched. In order to help address feedback from users, some fixes have been released, and a refresh icon has been added to the Vault to quickly check the updated balance and history. At the same time, the display error on small devices has been fixed. The Ape application is currently being optimized and is expected to be completed tomorrow.
Jupiter also stated that a new Solana on-chain transaction method supported by Ape&the Vault will be launched next week.
BlockBeats news, on July 5, according to the official announcement, Binance will support the replacement, increment and brand upgrade of Galxe (GAL) tokens to Gravity (G).
Binance will stop trading and delist all existing GAL spot trading pairs (GAL/BTC, GAL/USDT and GAL/TRY) at 11:00 (ET on July 15, 2024), and will automatically cancel all pending orders;
Binance will open G/USDT and G/TRY spot trading at 16:00 (ET on July 19, 2024).
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