Rhythm Evening News｜A list of important information in the crypto industry on July 22

Bitcoin briefly fell below $67,000

BlockBeats news, on July 22, according to HTX market data, Bitcoin briefly fell below $67,000, and is now quoted at $67,004, with a 24-hour increase narrowed to 0.36%.

AVAX rose to $33, a 24-hour increase of 11.59%

BlockBeats news, on July 22, according to HTX market data, AVAX rose to $33, and is now quoted at $32.5, a 24-hour increase of 11.59%.

Meme token MFER rose more than 40% in 24 hours and is now quoted at $0.02341

BlockBeats news, on July 22, according to CoinGecko data, Meme token MFER rose more than 40% in 24 hours and is now quoted at $0.02341.

MOTHER rose more than 90% in 24 hours and is now quoted at 0.07059 US dollars

BlockBeats news, on July 22, according to CoinGecko data, Solana ecosystem Meme token MOTHER rose more than 90% in 24 hours and is now quoted at 0.07059 US dollars.

TIA briefly broke through $7.5, with a 24-hour increase of 14.1%

BlockBeats news, on July 22, according to HTX market data, TIA briefly broke through $7.5, and is now quoted at $7.46, with a 24-hour increase of 14.1%.

If Bitcoin falls below $65,000, mainstream CEX will have $1.11 billion in long orders liquidated

BlockBeats news, on July 22, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin falls below $65,000, it is expected that $1.11 billion in long orders will be liquidated. If Bitcoin rises to around $69,000, it is expected that $929 million in short orders will be liquidated.

MEW briefly broke through $0.008, up more than 45% in 24 hours

BlockBeats news, on July 22, according to HTX market data, MEW briefly broke through $0.008, and is now quoted at $0.007992, up 45.8% in 24 hours.

May be affected by the re-increase of Bitcoin holdings, Metaplanet's stock price rose 26.9%

BlockBeats news, July 22, may be affected by the re-increase of Bitcoin holdings, the Japanese listed company Metaplanet's stock price rose 26.9% today, now reported 184 yen per share.

Previous news, at 8:00 on July 22, Metaplanet, a Japanese listed company, once again increased its holdings by 20.381 BTC. On July 16, it held a total of 226.611 BTC, which rose to 246.992 after this increase.

Prediction market platform Polymarket's transaction volume exceeded US$24 million yesterday, setting a record high

BlockBeats news, on July 22, according to Dune data information, the prediction market platform Polymarket's transaction volume reached US$24.18 million yesterday, setting a record high.

OKX Web3 wallet mobile terminal officially launched Meme mode

BlockBeats news, July 22, according to official news, OKX Web3 wallet mobile terminal has launched Meme mode, aiming to help users quickly, safely and free of charge on the mobile terminal to trade Meme tokens on the Solana blockchain.

It is reported that the OKX Web3 Meme mode does not charge any handling fees, adopts a decentralized custody solution, and at the same time opens up the market and currency details functions in the OKX Web3 wallet, providing users with a one-stop trading service on the mobile terminal.

Mocaverse announces strategic partnership with MOCA Foundation and TON Foundation

BlockBeats news, on July 22, according to the official announcement, Animoca Brands' Mocaverse announced a strategic partnership with MOCA Foundation and TON Foundation to implement identity and reputation-based consumer networks in the Moca Network and TON blockchain ecosystems.

In parallel with the strategic cooperation, the MOCA Foundation and the TON Foundation have executed a strategic base-level token exchange agreement to exchange MOCA Coin (MOCA) at a price of $0.113 per coin (i.e. 88,888,888 MOCA tokens). To encourage the development of the ecosystem and the interoperability of users and projects between the two ecosystems.

Mocaverse, MOCA Foundation and TON Foundation will establish a steering committee to drive partnership initiatives and fund management for ecosystem growth.

The steering committee will use TON and MOCA obtained from the token exchange agreement, with a total value of US$20 million, to promote interaction between users and drive user growth to the TON ecosystem through the PointFi system and guided applications.

Messari founder changed his avatar to Musk's "same" laser eyes, and a batch of related Meme tokens appeared in the market

BlockBeats reported that on July 22, Ryan Selkis, the founder of Messari, changed his profile picture to the same laser eye as Musk.

In addition, a large number of Musk laser eye-related meme tokens such as DARKMUSK are currently on the market, and they are quite popular.

CRV, HIGH and ONDO are at the top of Smart Money’s 24-hour inflow list

BlockBeats news, on July 22, according to Nansen data, Smart Money’s 24-hour Ethereum network capital inflow tracking list is as follows:

CRV: $1.12 million inflow, currently quoted at $0.2867, down 1.47% in 24 hours;

HIGH: $860,000 inflow, currently quoted at $1.92, down 5.52% in 24 hours;

ONDO: $220,000 inflow, currently quoted at $1.07, down 1.29%.

The Mt. Gox address in Mentougou transferred out 0.021 BTC 10 minutes ago, which may be a transfer test

BlockBeats news, on July 22, according to Arkham data, the Mt. Gox address in Mentougou transferred out 0.021 BTC (about 1,390 US dollars) 10 minutes ago, of which 0.000017 BTC was transferred to the Bitstamp address, and 0.02047638 BTC was transferred to a newly created address, which may be a transfer test.

Keplr will add support for EVM network

BlockBeats news, on July 22, according to The Block, Cosmos ecosystem wallet Keplr will add support for EVM to serve modular users. Aims to attract users in the Cosmos and Ethereum ecosystems.

The new integration is expected to allow users to view and manage Ethereum-based assets directly within the Keplr interface. EVM support is expected to enter the testing phase in a few weeks.

Binance completes the 28th BNB destruction, destroying a total of approximately US$971 million worth of BNB

BlockBeats news, on July 22, according to the official announcement, Binance completed the 28th BNB destruction, destroying a total of 1,643,698.8 BNB, worth approximately US$971 million.

CoinShares: Digital asset investment products inflows of $1.35 billion last week

BlockBeats news, July 22, according to CoinShares' latest weekly report, digital asset investment products inflows last week reached $1.35 billion, bringing the total inflows in the past three weeks to $3.2 billion.

Bitcoin investment products inflows of $1.27 billion last week, while ETPs that short Bitcoin outflows of $1.9 million. Ethereum investment products inflows of $45 million last week.

This week's unlocking data at a glance: ALT worth more than $100 million will be unlocked this week, and WLD will unlock $5 million linearly every day

BlockBeats news, on July 22, according to Token Unlocks data, this week ALT, YGG, and ENA will usher in a one-time large-scale unlocking. The value of ALT's unlocked shares has exceeded $100 million. WLD will unlock more than $5 million in tokens every day for four years. Detailed data includes:

· GAL will unlock approximately 586,000 tokens at 8:00 a.m. Beijing time on July 24, accounting for 0.49% of the current circulation, with a value of approximately $2.32 million;

· WLD will unlock approximately 586,000 tokens at 8:00 a.m. Beijing time on July 24, accounting for 0.49% of the current circulation, with a value of approximately $2.32 million; Click to start a four-year linear unlocking for insiders, unlocking about 2 million WLD per day, with a daily unlocking value of 5 million US dollars.

· ALT will unlock approximately 684 million tokens at 6:00 p.m. Beijing time on July 25, accounting for 42.08% of the current circulation, worth approximately US$110 million;

· YGG will unlock approximately 14.08 million tokens at 10:00 p.m. Beijing time on July 27, accounting for 3.74% of the current circulation, worth approximately US$7.51 million;

· AGIX will unlock approximately 8.45 million tokens at 8:00 a.m. Beijing time on July 28, accounting for 1.33% of the current circulation, worth approximately US$5.27 million;

· ENA will unlock approximately 14.89 million tokens at 4:00 p.m. Beijing time on July 28, accounting for 0.87% of the current circulation, worth approximately US$10. 7.48 million US dollars;

Analyst: Bitcoin spot ETFs are driving the rise of cryptocurrencies

BlockBeats news, July 22, according to The Block, Bitcoin broke through $68,000 in the early hours of this morning. Rachael Lucas, a cryptocurrency analyst at BTC Markets, said, "One of the main drivers of the rise is the large inflow of funds into Bitcoin ETFs." According to SoSoValue data, the U.S. Bitcoin spot ETF recorded a net inflow for the eleventh consecutive day on Friday, and BlackRock's IBIT has accumulated a net inflow of nearly $19 billion since its inception.

At the same time, Bitcoin's gains also seem to have been affected by U.S. President Biden's announcement that he will not participate in the upcoming November presidential election, which may increase the possibility of a victory for Republican candidate Trump, who supports cryptocurrency. While Biden has endorsed Vice President Kamala Harris to succeed him as the Democratic nominee, Harris has yet to express views for or against the cryptocurrency industry.

Rachael Lucas said market movements could still be affected by pending repayments from Mt.Gox, and that the market could still face short-term volatility as most of the expected creditor repayments, totaling $9 billion, are expected to be processed by early August.

JPMorgan: The recent rebound in the cryptocurrency market may only be temporary

BlockBeats news, July 22, JPMorgan Chase (JPM) said in a research report that any rebound in the cryptocurrency market in the short term may be tactical rather than the beginning of a new long-term bullish uptrend.

JPMorgan said this is because the price of Bitcoin (BTC) is currently too high relative to its mining cost of $43,000, and is also too high relative to its volatility-adjusted gold price of $53,000. At the time of the report, Bitcoin was trading at around $67,220.

JPMorgan noted that the momentum of Bitcoin futures has been weak in recent weeks due to BTC liquidations by Gemini creditors, Mt. Gox creditors, and the German government. (CoinDesk)

Trump will give a speech at the Bitcoin 2024 conference this weekend

BlockBeats reported that on July 22, according to the official website of bitcoin2024, former US President Trump will give a speech at the Bitcoin 2024 conference in Nashville from 14:00 to 14:30 local time on July 27.

BlockBeats previously reported that industry insiders revealed that Trump may announce plans to use Bitcoin as a US strategic reserve asset at the Bitcoin 2024 conference.

Variant Chief Legal Officer: With Biden's withdrawal from the election, the Democratic Party has a "huge opportunity" to win back most of the cryptocurrency votes

BlockBeats news, on July 22, Variant Fund Chief Legal Officer Jake Chervinsky wrote today that with Biden's withdrawal from the 2024 presidential election, the Democratic Party has a "huge opportunity" to win back most of the cryptocurrency votes. In the election, the issue of cryptocurrency will determine the outcome of the election in several key states, and new candidates should make this a top priority.

New candidates must quickly and firmly assure cryptocurrency voters that it is safe for them to vote for the Democratic Party in November. Here are five suggestions for achieving this goal:

· Recognize that cryptocurrency is a technology and industry that is important to America’s economic and geopolitical strength, and commit to ensuring that cryptocurrency can thrive in the United States.

· Acknowledge the failure of the SEC’s enforcement-first approach, that cryptocurrencies should not be subjected to laws designed decades ago for the analog era, and that adaptive regulations are needed.

· Outline a policy platform that balances crypto innovation with consumer protection, even at a high level, demonstrating a real understanding of the technology and a willingness to engage in productive discussions.

· Release a list of possible nominees to lead the federal agencies most important to crypto, such as the SEC and CFTC, to demonstrate that crypto policy is no longer being made by “anti-crypto” members.

· Directly engage with key stakeholders in the crypto industry (entrepreneurs, investors, policy advocates, etc.) to begin crafting good policy in a spirit of collaboration.

PlanB: I think Bitcoin will skyrocket soon

BlockBeats news, on July 22, crypto analyst PlanB posted on social media, "I think Bitcoin will skyrocket soon because:

1) The bull market has just begun

2) S2F: 3 months after halving

3) RSI 67, ready to go higher

4) 200WMA $38,000 and above

5) Actual prices are high and rising (STH $65,000 = support level)

6) Realized returns are high

7) > 90% of BTC investors are profitable."

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