Rhythm Evening News｜A list of important information in the crypto industry on July 29

On-chain analyst: 55% of BTC contract accounts in Binance contracts are shorting

BlockBeats news, on July 29, on-chain analyst @ali_charts monitored that 55% of BTC contract accounts in Binance Futures are shorting.

Ethereum spot ETF attracted $1.183 billion in inflows in the first week, and the total net outflow after Grayscale was $338 million

BlockBeats news, on July 29, CoinShares research director James Butterfill posted on X that the newly launched Ethereum ETF attracted $1.183 billion in inflows in the first week. However, due to the large-scale outflow of funds from existing Grayscale funds, the overall net outflow was $338 million.

Specific data showed that BlackRock ETHA and Fidelity FETH had inflows of $453 million and $224 million respectively, while Grayscale Ethereum Trust (ETHE) had an outflow of $1.513 billion.

US Bitcoin spot ETFs had a net inflow of $535 million last week, and BlackRock IBIT had a net inflow of $758 million

BlockBeats news, July 29, according to SoSoValue data, last week's trading day (July 22 to July 26) Bitcoin spot ETFs had a net inflow of $535 million in a single week. Among them:

Grayscale GBTC had a weekly net outflow of $120 million, and GBTC had a historical total net outflow of $18.81 billion;
BlackRock IBIT had a weekly net inflow of $758 million, and IBIT had a historical total net inflow of $19.73 billion;
Fidelity FBTC had a weekly net inflow of $29.61 million, and FBTC had a historical total net inflow of $9.99 billion.

The current total net asset value of Bitcoin spot ETF is $62.095 billion, and the ETF net asset ratio (market value to Bitcoin's total market value) is 4.67%, and the historical cumulative net inflow has reached $17.587 billion.

Mempool Browser Launches Bitcoin Transaction Acceleration Service

BlockBeats news, July 29, according to The Block, Bitcoin blockchain browser Mempool launched an offline service designed to help users speed up unconfirmed transactions by paying additional miner fees and service fees.

The service, called Mempool Accelerator, will reportedly "confirm stuck transactions by paying out-of-band fees." Users can find transactions on mempool.space, select the acceleration option from the transaction page, and then pay Bitcoin through the Lightning Network or pay fiat currency through Cash App, Apple Pay or Google Pay without registration.

It is reported that the service currently has five mining pool partners: Foundry USA Pool, MARA Pool, SBICrypto, SpiderPool and Ocean Pool, which account for about 40% of Bitcoin's global hash rate.

Swell Network: Snapshot will be taken on the 30th, and the first airdrop is planned for October 8

BlockBeats news, July 29, July 29, the re-staking agreement Swell Network announced that it will take a Pearls snapshot at midnight UTC on July 30, 2024, marking the end of Voyage and the beginning of new opportunities for SWELL rewards. After this snapshot, TGE details and anti-witch measures will be announced.

The first Wavedrop is scheduled for October 8, 2024, allocating 2% of the $SWELL supply to Black Pearl holders, and 1% each time thereafter. In addition, Swell L2 deposits will enjoy a 1.5x ecosystem airdrop multiplier reward.

Kelp DAO Security Incident Analysis: Attackers By Impersonating the Kelp Team to Convince GoDaddy's Customer Support to Bypass 2-FA Verification

BlockBeats reported that on July 29, the liquidity pledge protocol Kelp DAO reviewed previous security incidents: At 22:30 on July 22, Kelp's dApp began to display malicious wallet activity transactions in an attempt to steal user funds. The Kelp team responded immediately, locked the domain name server, restored ownership access, and resolved the problem.

The attacker successfully convinced GoDaddy's customer support to bypass 2-FA by impersonating the Kelp team. The Kelp team is taking preventive measures, including transferring to another domain name registrar and strengthening alerts for abnormal UI behavior. A small number of users have reported losing funds due to UI attacks, and the Kelp team is providing support.

The first active pledge of IBO on Seal to Earn platform has ended, and more than 50% of Seals participated in the pledge

BlockBeats news, on July 29, the first active pledge of IBO on Launchpad platform has ended today, and more than 50% of Seals participated in the pledge. At the same time, the first pledge lock will be opened for seven days, releasing 2% of the token share. The second pledge will be opened on August 6, and 6% of the token share will be released. The total amount of Seal is 21 million, and the amount of Seal participating in the first pledge is 11,867,270.24.

IBO is developed and operated by the Seal community and is the first Launchpad platform in the BTC ecosystem. The platform will first support RGB++ Layer assets, and users can obtain project tokens by staking $Seal. In the future, the IBO platform will also cover a wide range of UTXO ecosystems such as BCH and Dogechain to start the Bitcoin Finance (BTCFi) wave supported by smart contracts.

The first Seal to Earn project token is STB (Stable++), with a total of 21M STB. 20% of the shares will be airdropped to $Seal pledgers on the IBO platform.

Fake Elon Musk scam appears again on YouTube, defrauding users to send cryptocurrency

BlockBeats news, July 29, according to Bitcoin.com, in the past three days, the fake "double funds" scam of Elon Musk has reappeared on Youtube. Scammers used Elon Musk's previous video to replace the background, pretending that he was live broadcasting at the Bitcoin 2024 conference, and tricked users into sending their crypto assets. Just one specific video defrauded more than $28,000 in crypto assets. Fraudsters used the typical "double funds return" rhetoric to lure users to send cryptocurrencies and promised to return twice the amount sent.

JupiterDAO: JUP token claims will be closed at 23:00 on July 31

BlockBeats news, on July 29, JupiterDAO issued a message to remind users that JUP token claims will be closed at 23:00 on July 31.

Layer3: Airdrop claims will be open on July 30 and token staking will be supported

BlockBeats news, on July 29, the token distribution protocol Layer3 announced that it will open airdrop claims on July 30. Users can choose to stake L3 to obtain rewards. There is a 7-day withdrawal period after the pledge is released. The locked tokens of the team, venture capital and consultants will be unlocked after 12 months and cannot participate in staking. Layer3 said that the amount of staking, lock-up period and activity may affect the future token distribution. The current L3 token is not yet online.

BlockBeats previously reported that the Layer3 Foundation announced the token L3 economic model. The total supply of L3 is 3,333,333,333: 51% is reserved for the community; 25.3% is allocated to core contributors; 23.2% is allocated to investors, and 0.5% is allocated to consultants. The initial airdrop at TGE is 7.5% of the total supply, 200 million L3 (6%) are allocated to early users and S1 participants, and 50 million (1.5%) are allocated to S2 participants. The early user and S1 snapshots were taken on May 10, 2024, and the S2 snapshot was taken on July 22.

Google apologizes: Chrome error puts 15 million users at risk of losing passwords

BlockBeats news, July 29, according to BleepingComputer, Google apologized for the large number of user passwords lost due to the Chrome password manager error. The problem started on July 24 and lasted for nearly 18 hours, affecting about 15 million Windows users using the M127 version of Chrome.

Google quickly identified and resolved the problem and recommended that users restart Chrome to restore the password manager function. If the problem persists, users should contact Google Workspace support for help. This incident reminds users to back up their passwords regularly and consider using a dedicated password management tool to enhance security. Google promises to improve software reliability and user support in the future.

Swell: rswETH withdrawal function is expected to be launched this week

BlockBeats news, on July 29, Swell posted on X that after audits by Sigma Prime and Nethermind, the team is testing the rswETH withdrawal process and is expected to be launched this week.

Liquidswap opens LSD airdrop query, 5% of the total airdrop tokens

BlockBeats news, on July 29, Web3 product development studio Pontem announced that its DEX Liquidswap token LSD airdrop will be open for claiming at 4 pm Beijing time on July 30. The first round of airdrops will be 5% of the total tokens, which will be released linearly within 4 months. 10% of the total will be used for future airdrops and staking rewards.

It is reported that 49% of the short allocation is allocated to early users before April 7, 27% to community NFT and Meme token holders, Lumio whitelist, testers/ambassadors (July 10 snapshot), and 24% to users who interacted between April 7 and July 10.

Binance will adjust the mortgage rate of some assets in the unified account

BlockBeats news, on July 29, according to the official announcement, Binance will adjust the collateral ratio of some assets in the unified account at 14:00 (Eastern Time) on July 30, 2024 (as shown in the figure). This update will be completed in about an hour.

Note: The collateral ratio will affect the maintenance margin ratio (Uni-MMR). Users should closely monitor the maintenance margin ratio of the unified account to avoid any potential liquidation or losses that may result from asset collateral ratio adjustments.

SEC accuses Citron Research founder of securities fraud and makes $16 million

BlockBeats news, July 29, according to Cointelegraph, Andrew Left, founder of financial research firm Citron Research, was charged with securities fraud and allegedly misled retail investors through "bait and switch" stock recommendations to make a profit of $16 million.

In a statement on July 26, the SEC alleged that Left was a strong cryptocurrency skeptic who used social media and TV appearances to recommend stocks in which he held short or long positions, and his practices were contrary to his words. “This fraud deceived investors and enabled Left to use his Citron Research reports and tweets as a catalyst for short-term profits,” the SEC added.

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