Rhythm Evening News｜A list of important information in the crypto industry on July 3

Bitcoin fell below $60,000, down 4.57% in 24 hours

BlockBeats news, on July 3, according to HTX market data, Bitcoin fell below $60,000 and is now quoted at $59,862, down 4.57% in 24 hours.

Sydney Sweeney's Twitter account was hacked to promote Meme coins

BlockBeats reported that on July 3, Cointelegraph reported that American actress Sydney Sweeney's X (original Twitter) account was hacked and promoted a Meme token named after her in a now-deleted post.

The Meme token SWEENEY reached a trading volume of more than $10 million within two hours of its launch on July 2, thanks to several promotional posts posted from Sweeney's X account.

This is the second time Sweeney's X account has been hacked to promote crypto tokens. In January this year, her account was hacked and the hacker promoted the Solana token MILK.

Sanctum founder announces CLOUD token airdrop details: 5% each for Wonderland XP and Earnestness

BlockBeats news, on July 3, FP Lee, founder of Solana ecosystem LST liquidity aggregation protocol Sanctum, posted on the social platform that half of the airdrop (5%) will be distributed according to the proportion of Wonderland XP. The other half (5%) will be distributed according to Earnestness (seriousness).

A seriousness level is assigned to user profiles connected to social accounts through Sanctum Profiles. For most of these profiles, this level will be zero, and only those profiles that have made actual contributions will have a seriousness level. The higher the user's conscientiousness rating, the larger their share of the 5% allocation. In addition, anyone with a non-zero conscientiousness rating receives a small multiplier to all Wonderland XP.

As previously reported, Sanctum announced the CLOUD token economics, with 10% of the token supply allocated to the initial airdrop.

ether.fi Foundation Releases "Deploy ETHFI Pledge Contract" Proposal

BlockBeats news, on July 3, the ether.fi Foundation posted on social media that it would release the "Deploy ETHFI Pledge Contract" proposal, which seeks approval to deploy the ETHFI pledge contract on the Ethereum mainnet. The ETHFI pledge mechanism is designed to provide real utility by linking rewards to governance participation and effective balance in the ecosystem. The pledge contract will include future incentives and voting functions for pledged tokens.

Voting will be open in the next 5 days.

Polymarket Biden's election probability fell to 15%, hitting a new historical low

BlockBeats news, July 3, according to the prediction market Polymarket information, Biden's election probability fell to 15% today, hitting a new historical low, Trump's election probability is currently 64%.

glassnode: Most short-term Bitcoin holders are at a loss, and greater volatility is coming

BlockBeats news, on July 3, the encryption data analysis platform glassnode issued a statement saying, "As the price of Bitcoin fell to the $60,000 area, many digital asset investors have shown a certain degree of fear and pessimism. When market volatility stagnates and becomes quiet, investors often become indifferent.

The Bitcoin market is now in an interesting position. From the perspective of the MVRV ratio, the profitability of overall investors remains very strong, and the average profit multiple remains at 2 times, while most short-term holders are at a loss.

Many volatility indicators have dropped significantly, indicating that greater volatility is coming."

US Bitcoin spot ETFs had a net outflow of $27.8 million yesterday

BlockBeats news, July 3, according to Farside Investors data, US Bitcoin spot ETFs had a net outflow of $27.8 million yesterday.

Grayscale GBTC had a net outflow of $32.4 million;

Bitwise's BITB had a net outflow of $6.8 million;

Fidelity FBTC had a net inflow of $5.4 million;

ARKB had a net inflow of $2.5 million;

VanEck HODL had a net inflow of $3.5 million;

BlackRock IBIT and other ETFs had a net flow of 0.

Consensys Legal Counsel: The judge is expected to rule on the agency's lawsuit against the US SEC around December

BlockBeats reported that on July 3, CryptoSlate reported that a US federal judge approved the court's timetable for reviewing Consensys' lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners.

In a document filed with the US District Court for the Northern District of Texas on July 1, Judge Reed O'Connor set a deadline for SEC and Consensys lawyers to submit hearing and objections in September and November, respectively. In addition, the judge also approved the SEC to extend 28 days to respond to the complaint.

According to the schedule, all five SEC commissioners and regulators must submit responses by July 29, and the deadline for response briefs is November 26.

Bill Hughes, senior legal counsel and director of global regulatory affairs at Consensys, said he expects the case to be decided around December.

BlockBeats previously reported that Consensys sued the U.S. SEC in April, claiming that MetaMask's services were not illegal.

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