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Rhythm Evening News|A list of important information in the crypto industry on July 31

Rhythm Evening News|A list of important information in the crypto industry on July 31

BlockBeats2024/07/31 13:42
By:BlockBeats

The Federal Reserve will announce its interest rate decision at 2 a.m. tomorrow

BlockBeats reported that on July 31, the Federal Reserve will announce its interest rate decision at 2 a.m. on August 1, Beijing time.


As of press time, according to CME's "Fed Watch" data, the probability of the Federal Reserve keeping interest rates unchanged in August is 96.9%, and the probability of a 25 basis point rate cut is 3.1%.


Matrixport: Bitcoin is currently uncorrelated with Nasdaq

BlockBeats news, on July 31, Matrixport officials posted on social media that it is widely believed that Bitcoin represents a bet on the future of technology. Historically, Bitcoin has been correlated with the Nasdaq Index (a benchmark index for U.S. technology companies). Over the past two years, Bitcoin has outperformed the Nasdaq Index by 73%. Although the correlation between Bitcoin and the Nasdaq Index is sometimes high, the current correlation is only 9%, indicating that investors can obtain a non-correlated return stream. Including high-return, non-correlated assets in an investment portfolio is undoubtedly an attractive strategy for investors.


An address successfully sniped NEIRO through Banana Gun and made a floating profit of more than 116 times

BlockBeats news, on July 31, according to @ai_9684xtpa monitoring, a smart money/rat warehouse address used Banana Gun to snipe NEIRO at the moment of its launch, spending 0.41 ETH to buy 10 million tokens, of which the bribe fee was 0.3 ETH, and the average purchase price was as low as US$0.0001382.


Three hours ago, the address increased its position again, using 1.99 ETH to buy 56,000 NEIRO; the address currently sold 28% of its holdings at an average price of $0.026 in the early stage, making a profit of $73,400.


As NEIRO on Ethereum continues to hit a record high today, the remaining 7.22 million tokens of the address have made a floating profit of nearly $850,000, with a total profit of $920,000, and a return rate of over 11,662%.


Top trader Eugene Ng Ah Sio: Completed long-term holding of altcoins, no longer concerned about short-term trends

BlockBeats news, on July 31, top trader Eugene Ng Ah Sio posted on social media that he is not too concerned about short-term price fluctuations now because he has completed the long-term holding of altcoins. Next, he will take a wait-and-see attitude, no longer trade frequently, just quietly observe the market trend to see whether the final result is profit or loss.


Mt.Gox's structural supply is about to end, interest rates are about to be lowered, and FTX deposits will be repaid at the end of the year. The only disturbing thing is that Harris's support rate in the polls is closer to Trump due to the recent unforced errors of the Republican Party. But the situation in the short term is clear. Just hold it and you're done.


Bitcoin mining difficulty increased by 10.5% to 90.67 T, a record high

BlockBeats news, on July 31, according to BTC.com data, Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 854,784 (17:13:32), mining difficulty increased by 10.5% to 90.67 T, a record high, the current average computing power of the entire network in the past seven days is 635.70 EH/s.


The average daily transaction volume of runes has dropped significantly, less than 15% of the active period

BlockBeats reported that on July 31, according to GeniiData data, the average daily transaction volume of Bitcoin runes in the past 7 days was only 1.457 million US dollars, a decrease of 86.12% from the daily average transaction volume of more than 10.5 million US dollars in the active period in early June.


According to market data, the price of the rune with the highest market value, DOG•GO•TO•THE•MOON, fell to 0.003541 US dollars, a drop of 63.9% from the high point.


Grayscale Bitcoin Mini Trust will be listed for trading with the stock code "BTC"

BlockBeats news, July 31, according to official news, Grayscale announced the launch of Grayscale Bitcoin Mini Trust, the stock code is BTC, the product began trading at 4 am Eastern Time on Wednesday. "BTC" is listed as a derivative product of Grayscale's flagship fund GBTC, with a management fee of 0.15%.


The U.S. Securities and Exchange Commission (SEC) approved the product's 19b-4 form last week.


Bitcoin ETF net outflow of $18.1 million yesterday

BlockBeats news, July 31, according to Trader T data, Bitcoin ETF net outflow of $18.1 million yesterday.


Among them, BlackRock IBIT had a net inflow of $75.1 million, and Grayscale GBTC had a net outflow of $73.6 million.

Rhythm Evening News|A list of important information in the crypto industry on July 31 image 0


Yesterday Ethereum ETF had a net inflow of $33.6 million

BlockBeats news, on July 31, according to Trader T data, yesterday Ethereum ETF had a net inflow of $33.6 million.


Among them, BlackRock Ethereum ETF ETHA had a net inflow of $117.9 million, and Grayscale ETHE had a net outflow of $120.3 million.

Rhythm Evening News|A list of important information in the crypto industry on July 31 image 1



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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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