According to Odaily, the Snapshot page reveals that the Stargate DAO community has initiated a proposal to integrate with the Sei Network. This initiative aims to enhance the bridging experience for Stargate and Sei users on the Sei Network. The integration will enable Sei to connect its infrastructure with other LayerZero-supported blockchains and share liquidity.

According to Odaily, recent data from Trader T indicates that Grayscale ETHE currently holds approximately 2.4 million ETH. Over the past two days, there has been a 9% outflow of these holdings. If the final outflow ratio is assumed to be 50%, it would take an estimated 9 more trading days at the current outflow rate.

According to Foresight News, Web3 social aggregator Yup has successfully completed a new round of financing. The investment round saw participation from Nascent, IDEO CoLab Ventures, and Dan Romero, co-founder of Farcaster. The specific amount of funding raised has not been disclosed. Yup offers creators a streamlined method to build cohesive identities and audiences by linking their accounts across various services and publishing content on all platforms.

According to BlockBeats, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $291 million over the past 24 hours. Of this amount, long positions accounted for $260 million, while short positions saw liquidations amounting to $31.35 million.

On Jul 25, 2024, 03:44 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 64,000 USDT and is now trading at 63,960.011719 USDT, with a narrowed 3.18% decrease in 24 hours.

According to Odaily, SlowMist founder Yu Jian revealed on the X platform that the Monoswap hack involved the use of counterfeit Kakao video conferencing malware, specifically kakaocall[.]kr. This malicious software may have been distributed by the OurTinTinLand project team and its participants. Users who have downloaded this software are advised to immediately secure their assets and perform a virus scan and reset.

According to Odaily, Fox Business journalist Eleanor Terrett has reported that John Deaton, a candidate for the U.S. Senate from Massachusetts, has approximately 80% of his net assets invested in Bitcoin or Bitcoin-related ventures. This substantial investment makes Deaton potentially the political candidate with the largest Bitcoin holdings.

According to PANews, prediction market platform Polymarket has achieved a significant milestone by surpassing $1 billion in total trading volume, marking it as one of the most successful consumer applications in the cryptocurrency sector to date. Lukas Schor, co-founder of Safe Wallet, attributed Polymarket's success to the implementation of Account Abstraction and Safe smart accounts. These technologies have facilitated a seamless user registration process and a frictionless user experience, contributing to the platform's rapid growth and widespread adoption.

According to Cointelegraph: Analysts forecast “tremendous” price action for Ether as its spot ETFs build momentum, mirroring Bitcoin’s post-ETF launch surge.Traders view Ether's recent drop to $3,209 as a prime buying opportunity, warning it may not last long once the impact of exchange-traded funds (ETFs) takes effect.“There are 2 major zones to buy,” noted pseudonymous crypto trader Sheldon The Sniper to their 490,300 X followers on July 24. He identified the $3,300 and below as a key buy zone, adding that the $3,097 buy zone has already passed.Ether dropped 7.68% down from $3,469 in the past 24 hours. Source: CoinMarketCapSheldon further predicted Ether could reach $4,000 “in the next week or two,” highlighting these entry points as “ones you ride to the next all-time high breaks.”At the time of writing, Ether trades at $3,209, down 7.68% over the past 24 hours, according to CoinMarketCap data. This price level is below the closely watched $3,500 mark, around which Ether has fluctuated since March 1, following spot Ether ETF trading that saw $107 million in net inflows.Despite the expectation of a larger price drop after the Ether ETF debut, the 7.68% decline resulted in $42.53 million in short position liquidations, along with just $2 million in long positions, according to CoinGlass data.In the past 24 hours, Ether experienced $9.89 million more in liquidations than Bitcoin. Source: CoinGlassAnalysts Predict Significant Gains for EtherAnalysts anticipate Ether will experience substantial price action due to ETF inflows, similar to Bitcoin’s price jump from $40,000 to $70,000 post-ETF launch. In a July 24 note, Michael van de Pope explained the potential for Ether to double in the near term.“It’s very likely to suspect a price rally from $3,500 to $7,000-7,500 is on the cards,” he added, predicting short-term volatility following the ETF launch.“One-two weeks of downward momentum before the real surge of Ethereum toward a new all-time high."Swyftx lead market analyst Pav Hundal told Cointelegraph that the “nearer-term goal” for Ether is to hit its November 2021 all-time high of $4,890.

According to Foresight News, dYdX Ops subDAO announced via Twitter that the dYdX Chain will undergo a v5.1.0 upgrade. This update will include performance optimizations, Slinky updates, and improvements to Vault UX. The official statement noted that there might be delays and downtime between 14:00 and 16:00 today, depending on block height. Previously, Foresight News reported that the dYdX community had voted in favor of the proposal to upgrade the dYdX Chain protocol software to v5.1.0.

According to Foresight News, Lookonchain monitoring has revealed that a savvy investor purchased an additional 244 BTC approximately two hours ago, valued at around $16 million. This acquisition adds to the investor's ongoing purchases since July 17, bringing the total to 921 BTC, worth about $60.6 million. The average purchase price for these acquisitions stands at $65,821 per BTC.

According to Odaily, monitoring by PeckShield has revealed that an address associated with Curve founder Michael Egorov has undergone a significant liquidation. Specifically, 2.67 million CRV tokens, valued at approximately $691,500, were liquidated on the UwULend platform.

According to Odaily, Mert Mumtaz, CEO of Solana ecosystem development platform Helius, recently highlighted the significance of enhancing the research culture within the Solana community. In a post on the X platform, Mumtaz criticized the Solana community's negative stance towards Ethereum's research culture, calling it unwise. He stressed that the Solana ecosystem equally requires extensive research, particularly in the area of fee markets. Mumtaz argued that practicality and research are not mutually exclusive and that it is essential to balance both. He also announced the formation of a new Solana research team named SEAL and invited interested individuals to submit their resumes for consideration.

According to Cointelegraph: Memecoins in the Solana ecosystem are outperforming the broader crypto market, generating double-digit weekly gains. According to CoinGecko, the total market capitalization of Solana-based memecoins has surged to $9.2 billion as of July 24.Large-cap memecoins in the Solana ecosystem. Source: CoinGeckoKey Performers:Cat in Dogs World (MEW):Weekly Gains: 82%Daily Gains: 1.4%Market Impact: Boosted by listings on WhiteBIT and Demex, a Cosmos-based DEX.Gigachad (GIGA):Weekly Gains: 45.5%Daily Gains: 9%Dogwifhat (WIF):Weekly Gains: 21.5%Daily Gains: 1.8%Market Cap: $2.54 billion, accounting for nearly a third of Solana's total memecoin market value.Increasing Network ActivityThe surge in memecoin prices is accompanied by a rise in Solana network activity, reflecting a broader positive sentiment toward the layer-1 ecosystem. This is supported by increasing development activity and genuine user engagement, not mere speculation.Transaction Volume:Recent Volume: $2.54 billion on July 19Previous Volume: $603.8 million on June 29All-Time High Volume: $3.8 billion on March 15Active Addresses:Recent Spike: Over 2 million active addresses on July 23Previous Count: 1.45 million on July 10Market SentimentThe bullish momentum in Solana memecoins aligns with a broader investor sentiment toward the sector. A recent CoinGecko report highlights memecoins as a top narrative in Q2/2024, indicating their increasing importance in the crypto ecosystem.

According to Odaily, on-chain analyst @ai_9684xtpa has monitored that investment firm Arca appears to have liquidated its holdings of PENDLE, LDO, and BNB, which were purchased two weeks ago. If sold, these assets would yield a profit of $636,000.

According to Foresight News, PeckShield has reported that the hacker responsible for the MonoSwap attack has transferred 371 ETH, valued at approximately $1.3 million, to Tornado Cash. Previously, Foresight News reported that the yield protocol MonoSwap on Blast had been hacked. The platform has advised users not to add liquidity or stake in its pools. Users with staked positions are urged to withdraw immediately to prevent potential losses. The attack is believed to have been initiated after a MonoSwap developer installed a malicious application during a conversation with a scammer. The team is currently investigating the incident.

On Jul 25, 2024, 01:31 AM (UTC). According to Binance Market Data, BNB has dropped below 560 USDT and is now trading at 559.900024 USDT, with a narrowed 4.37% decrease in 24 hours.

According to 10x Research: As Ethereum exchange-traded funds (ETFs) make their debut, traders and analysts are weighing whether to buy or sell ETH amidst this significant market event.Key Developments Leading to Ethereum ETFsOn May 20, the Securities and Exchange Commission (SEC) requested exchanges to update their 19b-4 filings for Ethereum ETFs, boosting the approval probability from 25% to 75%. By May 23, the SEC had approved the applications, clearing the primary regulatory hurdle.Market Reactions and TrendsETH Futures Surge: Following the SEC's move, open interest in ETH futures surged from $8.8 billion to $13.0 billion, with prices jumping from $3,065 to $3,959.Anticipation and Launch: Despite the initial rally, ETH prices dipped below $3,000 in early July before recovering to $3,500. Traders expect profit-taking to commence around the ETF launch.Marketing and Investor Interest: Limited marketing and promotion of ETH ETFs, coupled with a lack of enthusiasm from major financial institutions like BlackRock, suggest modest initial inflows.Comparisons to Bitcoin ETFs: Unlike the strong institutional interest seen with Bitcoin ETFs, Ether ETFs may not attract similar arbitrage flows due to lower annualized funding rates.Technical and Market SentimentTechnical Indicators: The stochastics indicator suggests a potential short opportunity, with a stop-loss set at $3,560.Strategy Recommendations: Analysts recommend a strategy of long Bitcoin versus short Ether. Selling ETH calls to fund Bitcoin calls could be a viable option, given the implied volatility premium.Ethereum's Performance and ChallengesSolana vs. Ethereum: Solana's rise, driven by the meme coin craze and lower transaction fees, has outperformed Ethereum in terms of active users and transaction volumes.Staking Yield: Ethereum's staking yield, now at 3.12%, is less attractive compared to traditional finance yields, impacting demand.Network Growth: Ethereum's network activity remains stagnant, with low gas fees and a declining dominance, now at 17.0%.Market Dynamics and Future OutlookFutures Traders: The expectation is that futures traders will close some of their long positions post-ETF launch.Grayscale's Impact: The conversion of Grayscale’s Ethereum ETN into an ETF with $9 billion in assets under management could initially support a bearish outlook.

On Jul 25, 2024, 01:22 AM (UTC). According to Binance Market Data, Ethereum (ETH) has dropped below 3,200 USDT and is now trading at 3,193.399902 USDT, with a narrowed 8.11% decrease in 24 hours.

On Jul 25, 2024, 01:08 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 65,000 USDT and is now trading at 64,668.511719 USDT, with a narrowed 1.84% decrease in 24 hours.