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Rhythm Evening News|A list of important information in the crypto industry on July 16

BlockBeats2024/07/16 11:49
By:BlockBeats


Memcoins generally rose, PEPE rose by more than 26% in a single day

BlockBeats news, on July 16, according to market information, memecoins generally rose, including:


PEPE is currently reported at 0.00001223 US dollars, with a 24-hour increase of 26.08%;


SHIB is currently reported at 0.00001991 US dollars, with a 24-hour increase of 10.01%;


FLOKI is currently reported at 0.00019 US dollars, with a 24-hour increase of 23.23%;


WIF is currently reported at 2.192 US dollars, with a 24-hour increase of 23.33%.


Bitcoin rebounded above $63,000

BlockBeats news, on July 16, according to HTX market data, Bitcoin rebounded above $63,000, with a 24-hour increase of 0.49%.


Ethereum rebounded above $3,400

BlockBeats news, on July 16, according to HTX market data, Ethereum rebounded above $3,400, with a 24-hour increase of 1.7%.


The Mt.Gox address in Mentougou transferred 48,641 BTC to the address starting with 3JQie 4 minutes ago

BlockBeats news, on July 16, according to Arkham data, the Mt.Gox address in Mentougou transferred 48,641 BTC to the address starting with 3JQie 4 minutes ago, equivalent to about 3.07 billion US dollars.


The Mt.Gox address in Mentougou has transferred a total of 91,228 BTC to two addresses in the past hour, equivalent to about 5.7 billion US dollars.


FIGHT on Ethereum briefly broke through $0.035, setting a new record

BlockBeats news, on July 16, according to market data, the "Trump assassination" concept MEME coin FIGHT on Ethereum briefly broke through $0.035, setting a new record. It is now reported at $0.0335, with a 24-hour increase of 169%.


The current total market value of FIGHT is temporarily reported at $34.25 million, and the 24-hour trading volume reached $24.3 million.


AI sector tokens generally rose, ARKM increased by more than 10% in a single day

BlockBeats news, on July 16, according to market information, AI sector tokens generally rose, including:


ARKM is currently trading at US$1.6, with a 24-hour increase of 10.5%;


TAO is currently trading at US$298.05, with a 24-hour increase of 4.9%;


SPEC is currently trading at US$7.79, with a 24-hour increase of 30.1%;


GPU is currently trading at US$0.7627, with a 24-hour increase of 24.98%.


Movement is about to launch a test network

BlockBeats news, on July 16, Ethereum L2 network Movement said on the social platform that it will soon launch a test network.


CME platform Bitcoin futures open interest increased by 7.8% in 24 hours

BlockBeats news, on July 16, according to Coinglass data, CME platform Bitcoin futures open interest increased by 7.8% in 24 hours, now reported 158,000 BTC.


Currently, the total open interest in the entire network is about 521,900 BTC, with a 24-hour increase of 1.79%.


Citi: Ethereum spot ETF net inflows in the first six months may reach US$5.4 billion

BlockBeats news, on July 16, according to CoinDesk, Citi said in a report that the inflow of the US Ethereum spot ETF may be only 30% to 35% of the Bitcoin spot ETF. It is estimated that the net inflow of the Ethereum spot ETF in the first six months ranged from US$4.7 billion to US$5.4 billion.


Matrixport: Bitcoin's 21-day moving average is on an upward trend, and it remains to be seen whether the rebound can continue.

BlockBeats news, on July 16, Matrixport posted on the social platform, "Two weeks ago, we noticed that the Matrixporr Greed and Fear Index had dropped to the lowest possible level. Today, the 21-day moving average is on an upward trend, which historically usually indicates a key low for Bitcoin.


Whether this rebound can continue remains to be seen, as there are still multiple risk factors that may affect the price of Bitcoin. However, the reversal of this indicator suggests that Bitcoin may usher in a more positive period after its recent decline. "


Affected by Bitcoin ETF, BlackRock's asset management scale hit a record high in Q2

BlockBeats reported that on July 16, BlackRock's asset management scale hit a record high six months after launching the spot Bitcoin ETF. According to BlackRock's second-quarter financial report released on Monday, as of June 30, BlackRock's assets under management reached US$10.65 trillion, a year-on-year increase of 13%.


In a statement, BlackRock CEO Larry Fink said that organic growth was driven by a surge in private markets, retail fixed income and inflows into ETFs. BlackRock's total net inflows in the second quarter reached US$82 billion, and net inflows in the first half of this year reached US$139 billion.


Since launching IBIT at the beginning of this year, BlackRock has become the world's largest spot Bitcoin ETF. IBIT currently holds 316,276 Bitcoins, worth about $18.3 billion.


Source: US SEC has given preliminary approval to at least three ETH ETF issuers, including BlackRock

BlockBeats news, July 16, according to Reuters, three industry sources said that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management companies (BlackRock, VanEck and Franklin Templeton) to start trading Ethereum spot ETFs from next Tuesday, and a total of eight asset management companies hope to launch such funds.


Sources said that the approval is subject to the applicant submitting final issuance documents to regulators before the end of this week. One of the people said that all eight companies are expected to launch such funds at the same time. A spokesman for the U.S. Securities and Exchange Commission (SEC) said the agency does not comment on individual applications.


Earlier today, sources said that the Ethereum ETF will begin trading next week as the U.S. SEC collects the final version of the registration statement.


Vitalik: There is an imbalance in infrastructure investment, with some areas overinvesting and others underinvesting

BlockBeats news, on July 16, Vitalik Buterin posted on the Warpcast platform that "the view on "overinvestment in infrastructure" is: in fact, some types of infrastructure are overinvested, while other types are underinvested. The current reality is that people want to invest in "casinos", but they want to feel good about themselves, so they invest in those parts of the infrastructure that can benefit from the overflow profits of the casinos.


US Republican Vice Presidential Candidate JD Vance once called Gary Gensler the "worst regulator" in the crypto industry

BlockBeats news, July 16, according to a video disclosed by crypto KOL, US Republican vice presidential candidate JD Vance once said in a speech that US Securities and Exchange Commission Chairman Gary Gensler is the "worst regulator" for regulating the crypto industry, and said that his approach to regulating the cryptocurrency market is "completely contrary to ideal policy."


At the same time, JD Vance said that "Gensler wants to inject too many political factors into the actual business of US securities."


New York Times: US Democratic National Committee leaders will confirm US President Biden as the nominee by the end of July

BlockBeats news, July 16, according to the New York Times, four people familiar with the matter revealed that the leaders of the US Democratic National Committee (DNC) are taking quick action and plan to confirm President Biden as the Democratic presidential candidate by the end of July. Biden performed poorly in the debate and Democrats are divided over whether he should run again, but the move will make him officially the nominee.


The DNC will hold a video conference at 11 a.m. on Friday and another party caucus on Sunday. All 4,000-plus delegates are expected to begin voting as early as Monday, a process that could take about a week. Democratic insiders said they expect the vast majority of Democratic delegates, perhaps as many as 80%, to support Biden's nomination. Not everyone agrees with the plan, and some House Democrats are trying to rally support to change the nomination path. (Jin Shi)



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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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