Rhythm Evening News｜A list of important information in the crypto industry on July 8

CME Fed Watch: The probability of the Fed keeping interest rates unchanged in August is 93.3%

BlockBeats news, on July 8, according to CME "Fed Watch" data, the probability of the Fed keeping interest rates unchanged in August is 93.3%, and the probability of a 25 basis point rate cut is 6.7%.

CoinShares: $441 million inflows into digital asset investment products last week

BlockBeats news, on July 8, CoinShares' latest weekly report showed that the total inflow of funds from digital asset investment products last week reached $441 million. The recent price weakness caused by Mt Gox and the selling pressure from the German government are likely to be seen as buying opportunities.

Bitcoin inflows amounted to $398 million, but Bitcoin accounted for only 90% of the total inflows as investors chose to invest in a wider range of altcoins. Blockchain stocks did not reflect the improvement in investor sentiment, with another $8 million in outflows last week.

Bitcoin rebounded above $58,000

BlockBeats news, on July 8, according to HTX market data, Bitcoin rebounded above $58,000.

BlackRock BUIDL Fund Total Assets Reach $491 Million

BlockBeats News, July 8, despite the recent cryptocurrency market troubles, BlackRock BUIDL Fund running on the Ethereum network continues to attract new investors.

Currently, the total assets of the BUIDL Fund have reached $491 million, and the minimum deposit requirement for the fund is $5 million.

In the past 24 hours, the transaction volume of Solana on-chain DEX surpassed Ethereum, reaching $1.811 billion

BlockBeats news, on July 8, according to DeFiLlama data, in the past 24 hours, the transaction volume of Solana chain DEX reached 1.811 billion US dollars, surpassing the transaction volume of 1.335 billion US dollars of Ethereum chain DEX.

Tron ranked first in the 24-hour active address ranking list of blockchain

BlockBeats news, on July 8, according to lookonchain monitoring, Tron ranked first in the 24-hour active address ranking list of blockchain, with 1.83 million active addresses.

The last four are: Polygon (1.18 million), Solana (829,800), BSC (828,700), Bitcoin (594,400).

ETHFI rose more than 26% in 24 hours, temporarily reported at $2.38

BlockBeats news, on July 8, according to HTX market data, ETHFI rose more than 26% in 24 hours, temporarily reported at $2.38.

Rune EPIC•EPIC•EPIC•EPIC will be airdropped today

BlockBeats news, on July 8, Rune EPIC•EPIC•EPIC•EPIC official posted on the X platform that it will be airdropped today.

BlockBeats previously reported that on May 5, the Bitcoin NFT Blob team announced that the rune EPIC•EPIC•EPIC•EPIC would be engraved on the fourth halving block Epic Cong, and all non-pre-mined parts have been etched. It is reported that the total amount of the rune is 1 billion, and 950 million are pre-mined.

Fuel launches a points plan to obtain potential incentives before the mainnet launch

BlockBeats news, on July 8, Ethereum modular execution layer Fuel announced the launch of the Fuel Points program, an opportunity to earn future rewards as the Fuel Mainnet launches. The Fuel Points program is designed to reward all those who contribute to the development of the Fuel network and ecosystem.

The Fuel network is an operating system built specifically for Ethereum Rollup (Rollup OS), designed to advance state-sustainable, high-throughput blockchains.

ether.fi Foundation: 5% of June protocol revenue has been used to purchase ETHFI and deposited in the Curve pool

BlockBeats news, on July 8, the ether.fi Foundation stated on the social platform that according to the proposal passed in June, the foundation has purchased ETHFI worth 46 ETH, and the purchased ETHFI has been deposited in the weETH/ETHFI Curve pool. This amount accounts for 5% of the protocol revenue in June.

BlockBeats previously reported that on June 20, the ether.fi Foundation stated that the first community proposal has been launched, which proposes to use up to 50% of the protocol revenue to purchase ETHFI. In the initial stage, 5% of the monthly revenue will be used, and future increases will be decided by community voting. Revenue comes from staking and liquidity vaults. Any revenue from future products used for this purpose will be determined by subsequent voting. The purchased ETHFI will be used to build a treasury and inject a liquidity pool on Curve to increase the total locked value (TVL) of ETHFI on the chain.

Scroll ecosystem project Pencils Protocol TVL now exceeds 100 million US dollars

BlockBeats news, July 8, it is reported that the Scroll ecosystem project Pencils Protocol TVL has exceeded 100 million US dollars and has become the native project with the highest TVL in the Scroll ecosystem. At present, Pencils Protocol has announced that it will join the Scroll Sessions program, and users can obtain multiple reward points, including Scroll Marks and Pencils, by participating in Pencils S3 staking. At the same time, Pencils Protocol also announced a strategic partnership with EtherFi and launched weETH assets in the Staking section. Users who stake weETH in Pencils Protocol can receive multiple rewards, including EtherFi loyalty points. In addition, users who participate in S3 before July 10 will also receive a 1.3x incentive acceleration.

Pencils Protocol is currently the largest native DeFi project in the Scroll ecosystem. It is a one-stop revenue aggregator and auction platform based on Scroll, integrating Launchpad, unified asset aggregation and distribution, leveraged revenue and other functions, aiming to maximize the asset utilization of users.

=nil;Foundation launches Devnet development network

BlockBeats news, on July 8, ZK technology developer =nil;Foundation announced on the X platform in the early morning of this morning that the Devnet development network has been officially launched.

Devnet will allow users to deploy contracts, interact and retrieve contract status, and demonstrate synchronous and asynchronous contract calls in various scenarios, focusing on the development of various DEX architectures.

Earlier in June, =nil;Foundation announced the product roadmap, the plan is as follows:

- =nil;Devnet will be launched in July;

- Ecological test network V1 will be launched in Q4 2024;

- Test network V2 and V3 will be launched in stages in 2025, and the main network Alpha version will be launched in Q4.

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