Planet Daily | The US government transferred 29,800 BTC yesterday; Elon Musk: Bitcoin and some other cryptocurrencies ar

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The US government marked the transfer of about 29,800 BTC, worth about $2.02 billion

According to Arkham monitoring, the US government marked address transferred about 29,800 BTC related to Silk Road 7 minutes ago, with a value of approximately US$2.02 billion.

BTC fell below 66,000 USDT, down 4.37% in 24 hours

OKX market data shows that BTC fell below 66,000 USDT and is currently trading at 65,906.9 USDT, with a 24-hour drop of 4.37%.

Elon Musk: I do think Bitcoin and some other cryptocurrencies are valuable

Elon Musk participated in the X Takeover podcast hosted by Tesla owner Silicon Valley account on the X platform. When asked about his views on Bitcoin, Musk said that he does think Bitcoin and some other cryptocurrencies are valuable, and also admitted that he has a preference for the original Meme coin DOGE because he likes dogs and Memes.

According to SoSoValue data, the Bitcoin spot ETF had a net inflow of US$535 million last week (July 22 to July 26, Eastern Time), of which the net inflow on July 26 was US$51.6572 million.
Among them, Grayscale ETF GBTC had a weekly net outflow of $120 million, and the current historical net outflow of GBTC is $18.81 billion. The Bitcoin spot ETF with the largest weekly net inflow last week was BlackRock ETF IBIT, with a weekly net inflow of $758 million, and the current total net inflow of IBIT is $19.73 billion. The second is Fidelity ETF FBTC, with a weekly net inflow of $29.61 million, and the current total net inflow of FBTC is $9.99 billion.

Yesterday, Grayscale ETHE had a net outflow of US$210 million, a 19.7% outflow in 5 days

According to Trader Ts monitoring, Grayscale Ethereum spot ETF ETHE had a net outflow of US$210 million yesterday, a 19.7% outflow in 5 days, and an estimated 50% outflow in 17 days (by August 14).

Grayscale: Part of GBTC holders’ holdings may be converted into Bitcoin Mini Trust

The U.S. Securities and Exchange Commission approved the Grayscale Bitcoin Mini Trusts Form 19 b-4 last week. According to the S-1 filing released in March, the trust is code BTC and will be traded on the New York Stock Exchange Arca as a spin-off product of GBTC. Grayscale said that GBTC holders may see part of their holdings converted into the new fund, which is not expected to constitute a taxable event.

Project News

Arbitrum is about to start on-chain voting for ArbOS 31 Bianca, including improvements such as Stylus

Arbitrum announced on X that the on-chain vote for ArbOS 31 “Bianca” has been released and voting will begin on August 1. The proposal includes improvements such as Stylus, RIP-7212 support, and Nova Fee Router, which means that Arbitrum’s road to a MultiVM future has been opened.

Stride releases airdrop update: Certain users need to link Stride address to get STRD

Stride, the Cosmos ecosystem liquidity pledge protocol, released an airdrop update on the X platform, which stated that if a user obtained STRD allocation by holding stTIA or stDYM on the Dymension or Agoric chain, they need to link the address to the Stride address to claim their airdrop. If the user does not hold stTIA or stDYM on the Dymension or Agoric chain, they do not need to do anything.

L1 Chain Vanar will open Velocity and Galxe Vanguard testnet participant rewards on August 5

Layer 1 blockchain Vanar announced on X that all participants of the Velocity and Galxe Vanguard testnets can claim rewards starting from August 5. Officials remind users to beware of related scam links and remain vigilant.

gm.ai: GM will be launched on August 14, and the airdrop will start about 24 hours before trading.

gm.ai posted on the X platform that GM will be launched on August 14. The official list of CEX/DEX, Launchpads and partners will be gradually announced this week, and the airdrop for pre-sale participants will start about 24 hours before trading.

Lnfi Network: LN points from LN Exchange Phase 1 Zealy event will be distributed soon

Lnfi Network (formerly Nostr Assets Protocol) announced on X that the winners of the LN Exchange Phase 1 Zealy event have been announced and LN points will be distributed soon. In addition, some participants did not submit their Npubs and were therefore excluded from the leaderboard.

Zeta Markets: Genesis Epoch Trading Rewards Now Available, 8 Million ZEX Available

Zeta Markets announced on X that Genesis Epoch trading rewards are now open for claiming, and 11,771 traders on the leaderboard will receive a corresponding share of 8 million ZEX rewards based on their Z-Score.

Swell Network announced that it will take a snapshot on July 30, after which the TGE details will be finalized

The re-staking protocol Swell Network announced that it will take a Pearls snapshot at block height 20422895, which is estimated to be midnight on July 30, 2024 UTC. After this snapshot, TGE details and anti-sybil measures will be determined. The first Wavedrop is scheduled for October 8, 2024, allocating 2% of the SWELL supply to Black Pearl holders, and 1% each subsequent time. In addition, Swell L2 deposits will enjoy a 1.5x ecosystem airdrop multiplier reward.

JupiterDAO reminds users to claim JUP tokens before 23:00 on July 31

JupiterDAO issued a message on X to remind users to claim JUP tokens through the official website before 23:00 on July 31.

Character*Voice

Bernstein: The U.S. will become a “Bitcoin mining superpower”

Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia pointed out in a memo to clients on Monday: the United States will lead the world in Bitcoin and cryptocurrency; the United States will become a Bitcoin mining superpower; Gary Gensler, chairman of the U.S. Securities and Exchange Commission, who has often criticized the industry, may be replaced by a new cryptocurrency-friendly chairman; the United States will not create a central bank digital currency (CBDC) to ensure clear self-custody rights and uncensored crypto transactions; the United States will launch a stablecoin framework to promote the digital dollar as a global standard and enable cross-border payments; the United States will not sell its seized assets of approximately 213,246 bitcoins (equivalent to nearly $15 billion), but will use them as the basis for a national strategic Bitcoin reserve.

BlackRock: Remind you to pay attention to crypto investment-related fraud and will not ask for any form of payment through any social media platform

BlackRock posted on the X platform that there has been a surge in investment-related scams, including directing users to websites and/or social media platforms (such as WhatsApp or Telegram) related to cryptocurrency investments. BlackRock urges individuals, websites or social media platforms that use its brand and provide training or investment to be very cautious in any interaction. BlackRock and its executives will never contact anyone through any social media platform (including WhatsApp and Telegram) to offer investment or ask for any form of payment. Please be vigilant.

Former New York Fed executive: The Fed is moving closer to a rate cut, and the FOMC meeting may be ready to determine a policy shift in September

The Federal Reserve is expected this week to create conditions for lower borrowing costs amid a favorable turn in U.S. inflation and continued labor market weakness. The two-day meeting of the Federal Open Market Committee (FOMC) will end in the early hours of Thursday morning, when the committee will once again hold the benchmark interest rate steady at a 23-year high of 5.25-5.5%. While the rate decision itself may seem mundane, the meeting will serve as an important platform to further prepare for a policy shift that could be confirmed as early as September. The Fed is moving closer to a rate cut, and this weeks communications should reflect that, said Brian Sack, former head of markets at the New York Fed.

BRN analyst: Miners appear to be buying BTC directly from the market to increase reserves and enter a new accumulation phase

Valentin Fournier, chief analyst at BRN, said Bitcoin miners appear to be buying Bitcoin directly from the market to increase their reserves, and these miners may have started a new accumulation phase. These moves have triggered the Hash Ribbon signal, a long-term bullish indicator that highlights the end of miner capitulation.

The ETF Store President: Grayscale will have the lowest cost spot Bitcoin and Ethereum ETFs this week

Nate Geraci, president of The ETF Store, wrote on X: “This week’s highlights: Grayscale’s long-term plan is finally coming true. It will have the lowest-cost spot Bitcoin and Ethereum ETFs on the market, with the tickers BTC and ETH. The only thing missing from the plan is options trading, which will help protect GBTC and ETHE to a certain extent.”

This article is sourced from the internet: Planet Daily | The US government transferred 29,800 BTC yesterday; Elon Musk: Bitcoin and some other cryptocurrencies are valuable (July 30)

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