Rhythm Evening News｜A list of important information on July 1

QCP Capital: Various signs indicate a strong bullish outlook for July

BlockBeats news, on July 1, QCP Capital issued a statement saying that BTC rebounded from the $60,000 area to $63,700 at the beginning of the second half of the year, and briefly fell below the $60,000 support level last week. BTC spot ETFs had a net inflow of $73 million last Friday, the highest single-day inflow in two weeks. According to seasonal data, BTC's median return in July was 9.6%, especially after a strong rebound after a negative return in June (-9.85%).

QCP Capital's options trading department also saw capital flows last Friday in preparation for a month-end rally, possibly in anticipation of the launch of the ETH spot ETF. All signs indicate that July will be a bullish month.

Matrixport: Bitcoin and Ethereum are the best performing mainstream assets since the beginning of the year

BlockBeats news, on July 1, according to data released by Matrixport, since the beginning of the year, the best performing mainstream assets are Bitcoin and Ethereum. Ethereum and Bitcoin rose by 48.3% and 46.0% respectively, performing the best. The Nasdaq and SP 500 rose by 20.0% and 15.1% respectively, oil and gold rose by 14.2% and 12.7% respectively, the US dollar rose by 4.5%, and bonds fell by 6.6%.

The wallet address marked as "German Government" transferred 400 BTC to CEX

BlockBeats news, on July 1, according to Arkham data, 15 minutes ago, the wallet address marked as "German Government" transferred a total of 400 BTC to Bitstamp, Coinbase and Kraken, worth about 25.28 million US dollars.

Meme launchpad platform Color: Colorpepe conversion will start in 3 hours

BlockBeats news, on July 1, according to the official announcement of the Meme launchpad platform Color, Colorpepe conversion will start in 3 hours, users can use PEPE and ETH to participate. Color supports the conversion of Meme coins from ERC20 standard to BC-404.

BlockBeats previously reported that the Meme launchpad platform Color announced the launch of the BC-404 hybrid contract standard for graph coins. BC-404 combines ERC-404 with Bonding Curve. The number of tokens required to convert NFTs will increase with the overall conversion process. The first BC-404 Meme asset on its platform will be launched on Base, allowing users to use PEPE tokens to convert to ColorPEPE across chains with one click, and can convert back at any time with principal guaranteed.

FET will conduct the first phase of the merger with AGIX and OCEAN tokens at 23:00 today

BlockBeats news, on July 1, SingularityDAO issued a statement on X that at 23:00 today, FET will start the first phase of the ASI token merger plan with AGIX OCEAN.

BlockBeats previously reported that Binance will stop trading and delist all existing FET, OCEAN and AGIX spot trading pairs at 11:00 (ET on July 1, 2024); and will open ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, ASI/USDT spot trading at 16:00 (ET on July 5, 2024).

AGIX and OCEAN will first be exchanged for FET and then transitioned to ASI tokens starting from July 1.

The first phase is scheduled to start on July 1, 2024, and the migration platform from AGIX and OCEAN to FET will be opened on the SingularityDAO dApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET.

The second phase is the cross-chain deployment of ASI tokens. The FET network is upgraded to the ASI network. The migration contracts from FET, AGIX, and OCEAN to ASI are open, EVM and other bridges are open, and trading platforms begin to migrate from FET to ASI's spot market.

Catizen launches Catizen SDK to support developers to deploy games on Telegram with one click

BlockBeats news, on July 1, according to official news, Catizen launched Catizen SDK to support developers to publish games on Telegram. Catizen SDK provides tools and frameworks to design and build games, supports one-click deployment of games on Telegram, and provides developers with APIs, real-time analysis, and cross-platform compatibility.

Jupiter co-founder: Voting on restarting the Jupuary project will take place in the next few weeks, and a new design will be adopted

BlockBeats news, on July 1, Jupiter co-founder meow responded to the community’s question of “when will Jupuary be launched again” and said: “I would love to, but ultimately Jupuary needs to be a community-driven project, not my personal will. Voting will take place in the next few weeks.”

He also added that if Jupuary is launched again, its design will be very different from the first time, which is a must.

LayerZero CEO responds to vulnerability rumors: inference is unfounded, protocol is safe

BlockBeats news, on July 1, LayerZero Labs co-founder and CEO Bryan Pellegrino responded to the news of "LayerZero suspected serious vulnerabilities" on the social platform, saying, "This is completely unfounded. First of all, all the codes you mentioned were pushed in 2022. Second, all of these are application configurations, not protocol configurations.

The payload size limit is part of the application's security configuration, which sets the DVNs. Even in the latest versions, applications can override this limit. In other words, if applications cannot override this configuration, then LayerZero can prevent applications from messaging by configuring the "payload limit" to 0, which would go against the entire design principle of the protocol.

As stated in the initial response, just fork and test, as I am sure you have confirmed at the time, this is not enforceable, and if it is enforceable, it is because an application specifically chose to set it that way, just like an application on Ethereum chose to write a bad contract configuration.

Not only is this not a vulnerability, it is part of the protocol design. Any messaging protocol that has this configuration engraved into the protocol can now censor any application. The two are inseparable. We believe in censorship resistance technology rails. "

Aevo may release important content updates

BlockBeats reported that on July 1, Aevo issued a notice that "something new is coming", and may release important content updates.

BlockBeats previously reported that on June 26, Aevo updated its token economics, and the 4-month trading reward activity has ended and will not be continued. However, the staking reward will remain unchanged at 100,000 AEVO per week. In addition, for the rest of the year, Aevo will use the protocol revenue to repurchase AEVO tokens to empower token holders.

Given the current protocol revenue rate, Aevo will commit to repurchasing at least 1 million AEVO per month from July to December. The buyback will be conducted on-chain every week. The repurchased AEVO tokens are sent back to the main DAO treasury. Future token economic adjustments (such as destruction or reward plans) will need to be voted on again by token holders.

Sony Group acquires crypto trading platform Amber Japan for billions of yen

BlockBeats news, July 1, according to Wu Blockchain, Sony Group has acquired Amber Japan to enter the field of crypto trading platforms. Sony's current business includes games, music, cameras, etc., with a market value of more than $100 billion. Previously, Singapore market maker Amber Group acquired Japan's regulated crypto trading platform DeCurret in early 2022 and changed its name to Amber Japan.

BlockBeats previously reported that the crypto trading platform Amber Group completed a $200 million financing in February 2022 with a valuation of $3 billion, with Temasek, Sequoia China, Pantera Capital and Tiger Global Management participating.

Binance Contracts will launch CRV USDC-based perpetual contracts with a maximum leverage of 25 times

BlockBeats reported that on July 1, according to an official announcement, the Binance contract platform will launch CRVUSDC perpetual contracts at 15:00 (Eastern Time Zone 8) on July 4, 2024, with a maximum leverage of 25 times.

OKX will delist RNDR currency pair leverage and perpetual contracts

BlockBeats news, on July 1, according to the official announcement, OKX will delist RNDR perpetual contracts from 4:00 to 5:00 pm (UTC+8) on July 9, 2024, and will delist RNDR leveraged trading from 4:00 to 5:00 pm (UTC+8) on July 8, 2024.

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