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Babylon Plans to Launch Mainnet Between End July and Early August | Cryptocurrency Trends

Victoria, Bitget Research
2024/07/23
Babylon Plans to Launch Mainnet Between End July and Early August | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Coinbase to provide custody services for eight spot Ethereum ETFs.

2. Cryptocurrency Trends:

  • Sanctum founder announces the launch of a new LST feature.
  • MOCA Foundation partners with TON Foundation to launch a $20 million TON ecosystem incentive program.
  • According to Glassnode, Bitcoin miners are showing signs of recovery after several months of a "capitulation" period.
  • WazirX hackers transfer 15,290 ETH to a new address.
  • The total open interest of BTC options is nearly $22 billion, and the open interest of ETH options is $6.95 billion.
  • Babylon plans to launch its mainnet between the end of July and early August.
  • Stables partners with Mastercard to expand its operations into Europe.
  • The probability of Kamala Harris becoming the Democratic presidential candidate rises to 82% on Poly market.

3. Financing Trends:

  • Zircuit, a ZK Rollup network, closes a new funding round with participation from Binance Labs and others.
  • NPC Labs, a Web3 gaming infrastructure startup, raises $18 million in a funding round led by Pantera Capital.

4. Regulatory Trends:

  • Spot Ethereum ETFs receive final approval from the SEC and will start trading today.
  • NYSE ARCA certifies its approval for listing and registration of the common units of fractional undivided beneficial interest of Grayscale Ethereum Trust.
  • NYSE ARCA approves the listing and registration of Bitwise spot Ethereum ETF's beneficial common shares.
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