Telegram unveils app store and Web3 browser

Hot projects + Market overview

I. Mainstream exchange news

• Binance has added Banana Gun (BANANA) on Simple Earn, Buy Crypto, Convert, and Margin.
• Binance US has received a federal judge's approval to invest customer assets in Treasury bills, according to Reuters.
• Binance has added Gravity (G) on Simple Earn, Buy Crypto, Convert, and Margin.

II. Mainstream projects and trending events

• On July 10, a coalition of seven US states, led by Iowa Attorney General Brenna Bird, filed an amicus brief opposing the US SEC's attempt to regulate cryptocurrencies. The coalition includes Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma.
• Japanese publicly traded company Metaplanet has announced an additional purchase of 20.38 Bitcoins, bringing their total holdings to 245.992 BTC, valued at approximately $16.69 million.
• Base chain user addresses have surpassed 20 million, with total transactions exceeding 400 million.
• According to Decripto, BlackRock-affiliated company Austin Private Wealth shorted 12 million shares of Trump Media & Technology Group (DJT.O) stock the day before Trump was attacked.
• MicroStrategy co-founder Michael Saylor tweeted that MicroStrategy's stock price has outperformed Nvidia's since August 10, 2020. The company owns 226,331 bitcoins as of June 24, 2024.
• Liquidity re-staking platform Eigenpie has experienced a short-term surge in TVL, currently approaching $1.6 billion.
• Nate Geraci, the president of ETF Store said that the approval of a spot Ethereum ETF marks a new shift in crypto regulation.
• Ripple CEO Brad Garlinghouse has told Bloomberg that Ripple’s long-standing lawsuit with the US SEC is expected to be resolved "very soon."
• Now-confirmed Republican Party presidential nominee Donald Trump has promised to defend Bitcoin mining, self-custody of digital assets, and free trading rights.
• Bitwise CEO Hunter Horsley has said that 20% of the wealth management branches of a major US bank now hold BITB.
• Telegram has launched a mini app store and an in-app browser that supports Web3 pages.

III. Funding news

• Multi-chain DEX ZKEX has raised $2.5 million from a seed round that was participated in by Distributed Capital.
• Crypto company Wintermute is in talks with investors including Tencent on potential funding up to $300 million with a valuation of around $2 billion.
• Derivatives trading platform JOJO has completed its seed round of funding, led by SevenX Ventures.

IV. Regulatory news

• The Hong Kong Monetary Authority has announced that current stablecoin issuers in the sandbox are prohibited from raising funds from the public, violations will result in disqualification.

V. Popular projects 

Market overview

BTC has continued to break through stage highs, peaking at $68,474 and successfully holding above $64,000. 

The current uptrend is expected to persist unless BTC falls below $66,000. After the correction, the next target for BTC is $72,000.

BTC Spot ETF Updates - July 19

Overall Data:

Total Net Inflows: $17.01 billion

Daily Net Inflows: $383 million

Single-Day Turnover: $2.96 billion

Proportion of BTC’s Market Value: 4.61%

Breakdown by ETF:

GBTC:

Net Asset Value: $18.29 billion

Single-Day Net Inflows: $20.28 million

Cumulative Net Outflows: $18.69 billion

Single-Day Turnover: $395 million

IBIT:

Net Asset Value: $21.97 billion

Single-Day Net Inflows: $116 million

Cumulative Net Inflows: $18.97 billion

Single-Day Turnover: $1.77 billion

FBTC:

Net Asset Value: $12.14 billion

Single-Day Net Inflows: $141 million

Cumulative Net Inflows: $9.96 billion

Single-Day Turnover: $605 million

BITB:

Net Asset Value: $2.72 billion

Single-Day Net Inflows: $44.65 million

Cumulative Net Inflows: $2.2 billion

Single-Day Turnover: $109 million

AIT is up 60%

The price of AIT Protocol (AIT), a leading sub-DAO project under Bittensor, has surged by 60% within 24 hours.

The AIT token has increased 53-fold from its opening price, reached a market cap of $28.72 million and hit a 24-hour trading volume of $496,000.

CWIF is up 28%

The price of Catwifthat (CWIF), a cat-themed memecoin mimicking WIF, has surged by 28% over the last 24 hours. The project has gained 216,000 followers on X. 

The CWIF token's market cap has reached $237.53 million, with on-chain liquidity of $2.06 million. It is not yet listed on major exchanges.

On-chain Daily

1. DARKMUSK: DARKMUSK is a memecoin on the Ethereum chain, launched around 3:30 AM on July 22. The token is inspired by Elon Musk's change of his X avatar to a red-themed, blue laser-eyed image with the American flag background. The avatar was created by a member of the Dark Maga community, allegedly chosen by Musk from the comment section to show support for Trump. Community members pointed out that the developers of DARKMUSK previously rug pulled users for over $316,000.

- Current Price: $0.00007464

- Historical High: $0.0000158

- 24-Hour Change: +500x

- Current Market Value: $2.8M

- Official Twitter: https://x.com/darkmuskerc](https://x.com/darkmuskerc

2. HERRIS: HERRIS is a memecoin on the Ethereum chain inspired by the current US Vice President Kamala Harris. On July 22, Biden announced his withdrawal from the presidential election and his support for Harris as the new candidate. The transition from Harris to HERRIS reflects the entertainment atmosphere of politiFi. Additionally, "HER" represents political correctness and feminism, as Harris could become the first female president in US history.

- Current Price: $0.004436

- Historical High: $0.0123

- 24-Hour Change: +179%

- Current Market Value: $4.4M

- Official Twitter: https://x.com/KumalaHerris](https://x.com/KumalaHerris

3. DMAGA: DMAGA is a memecoin on the Solana chain, featuring a dark-themed Trump logo with red tones and blue laser eyes. It was  launched on July 14. DMAGA surged to an all-time high on July 22 after Elon Musk changed his avatar to a similar image created by a DMAGA community member.

- Current Price: $0.07

- Historical High: $0.08396

- 24-Hour Change: +10,538%

- Current Market Value: $71M

- Official Twitter: https://x.com/DarkMagaCoin](https://x.com/DarkMagaCoin

4. KAMA: KAMA is a memecoin on the Solana chian, inspired by US Vice President Kamala Harris. The token was launched on March 28, featuring Harris tilting her head. On July 22, Biden announced his withdrawal from the presidential election and his support for Harris as the new candidate.

- Current Price: $0.02054

- Historical High: $0.03096

- 24-Hour Change: +94.49%

- Current Market Value: $20.4M

- Official Twitter: https://x.com/kamalahorriss](https://x.com/kamalahorriss

5. mfer: mfer is a memecoin on the Base network, launched by the founder of the NFT project mfer. It has a total supply of 1 billion tokens, with a fixed supply and no presale.

- Current Price: $0.02284

- Current Market Value: $22.8M

- 24-Hour Change: +37.54%

- Official Twitter: https://x.com/sartoshi_rip](https://x.com/sartoshi_rip

6. NPC: NPC is a memecoin on both Ethereum and Base networks. It's known as the first memecoin-NFT hybrid project, referred to as a Meme-Fungible Token (MFT).

- Current Price: $0.028

- Current Market Value: $8.4M

- 24-Hour Change: +12.05%

- Official Twitter: https://x.com/NonPlayableCoin](https://x.com/NonPlayableCoin

Daily Rune Observation

Gas Fee Change:

The current BTC transaction fee is 11 satoshis/byte, slightly increasing but still low. In the past one or two days, the fee dropped to a 10-day low of 4 satoshis/byte.

Today's Popular Projects: 

1. IN•ELON•MUSK•WE•TRUST

   - Total Supply: 133,700

   - Reserved: 0%

   - Currently Minted: 116,669

   - In Mempool: 7,380

   - Minting Progress: 89%

   - Holding Addresses: 1,091

2. KAMALA•HARRIS

   - Fully minted

   - Market Value: $145K

   - 24-Hour Trading Volume: $29,764

   - 24-Hour Change: +315%

   - Holding Addresses: 305

3. FIGHT•FIGHT•FIGHT

   - Fully minted

   - Market Value: $337K

   - 24-Hour Trading Volume: $8,664

   - 24-Hour Change: +88%

   - Holding Addresses: 677

Top Rune Projects Tracking:

- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone

  - Current Price: 7.26 Sats

  - 24-Hour Change: +5.4%

  - Current Market Value: 7,270 BTC

- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1

  - Current Price: 7 Sats

  - 24-Hour Change: +7.69%

  - Current Market Value: 1,470 BTC

- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project

  - Current Price: 5.79 Sats

  - 24-Hour Change: -6.45%

  - Current Market Value: 1,210 BTC

Performances of Today's Top Three Tracks

Memecoin: An overall daily increase of 3.36%

Upward Projects:

1. MFER: The founder of the renowned NFT project Mfer, sartoshi, launched the memecoin mfer on the Base chain, distributing 20% of the tokens to the community, artists, and holders of Mfer ecosystem NFTs, with the rest added to the liquidity pool.

   - Daily Change: +37%

   - Current Price: $0.0229

   - Current Market Value: $23M

   - 24-Hour Trading Volume: $16.2M

2. MEW: MEW is a memecoin on the Solana chain, which went viral upon launch due to having over $1 million in its liquidity pool, a significant amount for a memecoin.

   - Daily Change: +27%

   - Current Price: $0.0073

   - Current Market Value: $657M

   - 24-Hour Trading Volume: $343M

3. WEN: WEN is a memecoin on the Solana chain, launched by Jupiter founder Meow, featuring a cat in a spacesuit.

   - Daily Change: +21%

   - Current Price: $0.000169

   - Current Market Value: $123M

   - 24-Hour Trading Volume: $28M

Layer 1: An overall daily increase of 2.47%

Upward Projects:

1. AVAX: Created by Ava Labs, Avalanche (AVAX) boasts 4,500 TPS and was seen as an Ethereum killer in the last bull market.

   - Daily Change: +10%

   - Current Price: $32.38

   - Current Market Value: $12.7B

   - 24-Hour Trading Volume: $944M

2. FX: Function X is a scalable EVM-compatible chain with unique X5 functionality supporting cross-chain operations internally and with other chains, originating from China.

   - Daily Change: +7.6%

   - Current Price: $0.151

   - Current Market Value: $112M

   - 24-Hour Trading Volume: $824K

3. ALPH: Alephium is a sharded Layer 1 blockchain enhancing PoW and UTXO concepts, using DAG data structures to achieve consensus across shards, with a claimed 10,000 TPS.

   - Daily Change: +5.8%

   - Current Price: $2.09

   - Current Market Value: $175M

   - 24-Hour Trading Volume: $6.92M

Layer 2: An overall daily increase of 1.2%

Upward Projects:

1. MNW: Morpheus Network helps companies and government agencies eliminate digital transformation barriers, protect sensitive data, solve complex issues of traditional supply chain systems, and provide efficient global trade solutions.

   - Daily Change: +13.7%

   - Current Price: $0.642

   - Current Market Value: $24M

   - 24-Hour Trading Volume: $849K

2. MANTA: Manta Network is an EVM-compatible Layer 2 built using zero-knowledge proof technology.

   - Daily Change: +6%

   - Current Price: $1.07

   - Current Market Value: $398M

   - 24-Hour Trading Volume: $40M

3. SAVM: SatoshiVM is a Bitcoin ZK Rollup Layer 2 solution, compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas fees.

   - Daily Change: +5.1%

   - Current Price: $1.65

   - Current Market Value: $12M

   - 24-Hour Trading Volume: $925K

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