Rhythm Evening News｜A list of important information in the crypto industry on August 7

Bitcoin rebounded above $57,000

BlockBeats news, on August 7, according to HTX market data, Bitcoin rebounded above $57,000, a 24-hour increase of 2.55%.

SOL/ETH exchange rate briefly broke through 0.06, 24-hour increase of 8%

BlockBeats news, on August 7, according to market data, SOL/ETH exchange rate briefly broke through 0.06, currently at 0.05984, 24-hour increase of 8%.

The SOL/ETH exchange rate hit an all-time high of 0.0616 on September 9, 2021.

SOL rebounded above $150

BlockBeats news, on August 7, according to HTX market data, SOL rebounded above $150 and is now quoted at $150.20, with a 24-hour increase of 6.55%.

Solana Ecosystem Meme Tokens See General Rise, POPCAT 24-hour Increase 36%

BlockBeats news, on August 7, according to market data, Solana Ecosystem Meme Tokens See General Rise, Among Them:

POPCAT 24-hour increase 35.4%, currently quoted at $0.594;

MUMU 24-hour increase 30.6%, currently quoted at $0.0000733;

WIF 24-hour increase 27%, currently quoted at $1.74;

MEW 24-hour increase 19.9%, currently quoted at $0.00598;

BOME 24-hour increase 9.6%, currently quoted at $0.00718.

The total Bitcoin contract holdings on the entire network reached 28.253 billion US dollars, a 24-hour increase of 4.09%

BlockBeats news, on August 7, according to Coinglass data, the total Bitcoin contract holdings on the entire network reached 28.253 billion US dollars, a 24-hour increase of 4.09%.

In addition, the total Ethereum contract holdings on the entire network are now reported at 10.355 billion US dollars, a 24-hour increase of 2.69%.

Paradigm co-founder Fred Ehrsam announced a new startup project Nudge, which is developing ultrasonic headphones

BlockBeats news, on August 7, Coinbase and Paradigm co-founder Fred Ehrsam posted on social media that "I have co-founded a new company called Nudge with Quintin Frerichs. Nudge is developing a revolutionary ultrasonic headset that aims to enhance the human experience by changing the state of the brain.

Just press the button of the headset to help users fall asleep, improve concentration, quit bad habits or improve mood. I believe this technology has the potential to improve people's daily lives more than any other technology.

Nudge is currently a team of 11 engineers and scientists. Team members have worked in Vision Pro, Neuralink, SpaceX, and others. and Stanford and other top university laboratories and other places and projects. "

Synthetix founder transferred 2,000 ILV to the SNX liquidation member donation address, and received about $112,000 in donations within 2 days

BlockBeats news, on August 7, according to the monitoring of the on-chain analyst Ember, Synthetix founder Kain Warwick funded SNX liquidation member SynthaMan with 2,000 ILV (US$86,000). SynthaMan posted the day before yesterday that he lost all his crypto assets due to liquidation, and published an address requesting donations so that he can hold on until his ILV is unlocked in September.

1 hour ago, Synthetix founder Kain Warwick unlocked 150,000 ILV ($6.45 million) and then transferred 2,000 ILV ($86,000) to the address where SynthaMan requested donations. So far, SynthaMan has received about $112,000 in donations in 2 days.

Lookonchain: Jump Trading cashed out $116.7 million again 11 hours ago

BlockBeats news, on August 7, according to Lookonchain monitoring, 11 hours ago, Jump Trading cashed out $116.7 million again.

Since Jump Trading started selling ETH on July 24, it has withdrawn 611.78 million USDC from Binance and deposited 558.2 million USDC to Coinbase.

The USDC deposited to Coinbase will most likely be converted to USD at a 1:1 ratio.

LDO, TON and NEIRO are at the top of Smart Money 24-hour inflow list

BlockBeats news, on August 7, according to Nansen data, Smart Money 24-hour Ethereum network capital inflow tracking list is as follows:

LDO: inflow of US$740,000, current price is US$1.113, 24-hour drop of 3.63%;

TON: inflow of US$450,000, current price is US$5.743, 24-hour increase of 3.51%;

NEIRO: inflow of US$270,000, current price is US$0.247, 24-hour increase of 12.57%.

CoinList: Due to the market downturn, the Enso team has postponed its offering plan

BlockBeats news, on August 7, CoinList issued a statement saying that due to the downward market conditions, the team of Enso, the latest token sale project, has decided to postpone the token sale plan. The subscriptions that have been promised will be refunded. Buyers who have completed the purchase will receive an additional 20% token reward when the sale is restarted in the future if the bid is higher than the final auction price.

Polymarket predicts that Trump's election probability has dropped to 52%, and Harris's victory probability has risen to 46%

BlockBeats news, on August 7, Polymarket predicted that Trump's chances of winning the 2024 US presidential election have dropped to 52%, and Kamala Harris's chances of winning the 2024 US presidential election have risen to 46%.

Cryptocurrency Panic and Greed Index reached 29, and market panic sentiment eased

BlockBeats news, August 7, according to Alternative data, the cryptocurrency panic and greed index today is 29 (yesterday was 17), and market panic sentiment eased.

Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

Trump's second son: I really fell in love with cryptocurrency/DeFi, so stay tuned for major announcements

BlockBeats news, on August 7, Eric Trump, the second son of former US President Donald Trump and current executive vice president of the Trump Group, posted on social media, "I really fell in love with cryptocurrency/DeFi (decentralized finance). Stay tuned for major announcements."

Matrixport: Bitcoin appears to be oversold, and historical data shows that this low RSI level usually indicates a bottom for Bitcoin

BlockBeats reported that on August 7, digital currency investment research company Matrixport released an analysis report stating that due to the continued existence of macroeconomic and geopolitical risks and the lackluster earnings of US technology stocks, it is still crucial to remain cautious.

However, Bitcoin appears to be oversold, with its relative strength index (RSI) falling to 30%. Historical data shows that such low RSI levels usually herald the bottom of Bitcoin. While this does not guarantee that prices will not fall further, it suggests that the current rate of decline may slow. It is worth noting that the recent few times when the RSI fell to this low point, buying opportunities usually appeared within a few days.

Arthur Hayes: The dissolution of the yen carry trade may cause global market turmoil, and cryptocurrencies face major fluctuations

BlockBeats news, on August 7, BitMEX co-founder Arthur Hayes pointed out in his latest blog post that with the dissolution of Japan's huge yen carry trade, it may cause turmoil in global financial markets.

Hayes analyzed the possible response measures taken by the Bank of Japan (BOJ) and the potential impact on global markets, especially the impact on the US stock and bond markets. He predicted that the US Treasury and the Federal Reserve may provide invisible assistance through central bank currency swaps (CSWAP) and other means to ease market pressure.

For the cryptocurrency market, Hayes mentioned that the way Bitcoin is traded will depend on changes in the yen exchange rate. If Bitcoin shows an upward trend in both the appreciation and depreciation of the yen, it indicates that the market expects rescue measures, which will be good for Bitcoin and other crypto assets. Conversely, if Bitcoin moves in line with the traditional financial market, it indicates that the market lacks confidence in the rescue measures and investors need to operate with caution.

As usual, these trading days and trading months will determine your returns in this bull market cycle. If you must use leverage, use it wisely and monitor your positions constantly. When you have a leveraged position, you'd better keep an eye on your Bitcoin or altcoin. Otherwise, you will face the risk of a liquidation.

Yesterday's US Bitcoin spot ETF had a net outflow of US$149 million

BlockBeats news, on August 7, according to HODL15Capital monitoring data, the US Bitcoin spot ETF had a net outflow of US$149 million yesterday.

Yesterday, the U.S. Ethereum spot ETF had a net inflow of $99.8 million

BlockBeats news, on August 7, based on the monitoring data of Trader T and Farside Investors, the U.S. Ethereum spot ETF had a net inflow of $99.8 million yesterday.

Among them, Grayscale ETHE had a net outflow of $39.7 million, BlackRock ETHA had a net inflow of $111.3 million, and Fidelity FETH had a net inflow of $22.5 million.