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Hot projects + Market overview
I. Mainstream exchange news
- Coinbase Prime now supports custody of Polyhedra (ZKJ).
- Binance has launched Banana Gun (BANANA) as its first HODLer airdrop project.
- Coinbase International will launch the TAO, TON, and TRB perpetual contracts.
- Kraken's institutional division has started offering custody services to clients in the UK and Australia.
- Upbit will restrict trading for employees and their immediate family members.
II. Mainstream projects and trending events
- Johann Kerbrat, General Manager of Robinhood Crypto, stated that Robinhood plans to integrate blockchain technology more deeply into its products and services.
- The probability of Joe Biden dropping out of the US presidential election rises to 88%, with only a 5% chance of winning the general election, according to the decentralized prediction platform Polymarket.
- Ethereum ETFs, including ETHW, CETH, and FETH, have been added to the Bloomberg Terminal, gearing up for trading next week, according to Bloomberg analyst James Seyffart.
- Donald Trump may announce Bitcoin as a strategic reserve asset for the United States at the Bitcoin 2024 conference in Nashville, as reported by Cryptoslate.
- Canadian fintech firm DeFi Technologies has increased its Bitcoin holdings by acquiring 94.4 coins (about $6.1 million), bringing its total Bitcoin holdings to 204.34 coins (about $13.2 million). Moreover, the company has also included Solana and Core in its holdings.
- Social graph protocol Lens plans to migrate to the zkSync network in Q4 2024.
- Polygon plans to migrate MATIC to the POL token on September 4.
- Ripple (XRP) has surpassed Bitcoin in trading volume on South Korea's five largest exchanges, with a 24-hour volume of over $650 million, about 2.3 times that of BTC, according to CoinMarketCap.
- DePIN modular infrastructure IoTeX publishes the whitepaper 2.0, aiming to position IOTX as a foundational currency in the DePIN sector.
III. Funding news
- Crypto market maker Wintermute is negotiating a new round of funding.
- RWA credit protocol Zivoe has raised $8.35 million and is set to launch its credit protocol on July 31.
- Blockchain data network Chainbase has completed a $15 million Series A funding round, led by Weilai China.
- Blockchain data provider Allium Labs has completed a $16.5 million Series A funding round, led by Theory Ventures.
- Bitcoin lending protocol Liquidium has completed a $2.75 million seed round of funding.
IV. Regulatory news
- Argentina has implemented new policies encouraging crypto investors to register crypto assets with the government.
- South Korea's first cryptocurrency law comes into full effect, focusing on investor protection.
V. Popular projects
Market Overview
BTC hit a low of $63,300 and is currently consolidating. The current critical level is $62,000.
Maintaining above $62,000 would indicate a bullish trend, whereas dropping below could signal a stronger correction phase.
The next upward movement will appear after the correction.
BTC Spot ETF Updates - July 18
Overall Data:
Total Net Inflows: $16.67 billion
Daily Net Inflows: $84.7 million
Single-Day Turnover: $1.33 billion
Proportion of BTC’s Market Value: 4.55%
Breakdown by ETF:
GBTC:
Net Asset Value: $17.26 billion (-0.13%)
Single-Day Net Outflows: $22.54 million
Cumulative Net Outflows: $18.71 billion
Single-Day Turnover: $166 million
FBTC:
Net Asset Value: $11.34 billion (+0.02%)
Single-Day Net Inflows: $2.78 million
Cumulative Net Inflows: $9.82 billion
Single-Day Turnover: $260 million
BITB:
Net Asset Value: $2.53 billion (0%)
Single-Day Net Inflows: $0
Cumulative Net Inflows: $2.16 billion
Single-Day Turnover: $42.61 million
TOOKER is up 70%
Tooker Kurlson (TOOKER), a memecoin inspired by former Fox host, and conservative political news reporter Tucker Carlson, has surged 70% in a day following the launch of Carlson's self-produced show 'Tucker on X', which has garnered significant community attention.
A tweet from the project on July 16 amassed over 2 million views, contributing to the TOOKER token's daily increase.
MOSS is up 38%
The price of Mossland (MOSS), a blockchain-based metaverse project, has surged 38% over the last 24 hours. Mossland is developing new entertainment services utilizing VR, AR, and NFT.
The MOSS token is listed only on Korean exchanges like Upbit and Bithumb. July 19, MOSS's trading volume on Upbit surged notably, seemingly without any identifiable catalyst from news sources.
AZUR is up 46%
The price of Azuro Protocol (AZUR), an infrastructure and liquidity layer for on-chain predictions, has surged 46% in the last 24 hours.
AZUR raised $11 million in April 2024 from investors including SevenX Ventures, and Fenbushi Capital. The protocol's announcement of multiple games joining Azuro on July 18 has increased market interest.
AZUR has a market cap of $26.51 million and on-chain liquidity of $4.26 million.
On-chain Daily
1. MAGA: HASHMAGA is a Trup-related memecoin on the Ethereum chain, characterized by automatic hashtagging on X for exposure. It's taken over by the community (CTO).
Current Price: $0.0584
Historical High: $0.4109
6-Hour Change: 42% (Token Launch Date: 7/18 17:30 UTC)
Current Market Value: $2.3M
Official Twitter: https://x.com/hashmaga](https://x.com/hashmaga
2. TeLangPu: TeLangPu is a Trumped-related memecoin on the Ethereum chain. It’s the Chinese pronunciation of Trump.
Current Price: $0.055
Historical High: $0.123
6-Hour Change: 64% (Token Launch Date: 7/18 19:00 UTC)
Current Market Value: $2.8M
Official Twitter: https://x.com/TeLangPuCoin](https://x.com/TeLangPuCoin
3. Donald: Donald is a Trump-related memecoin on the Solana chain, depicted as muscular and bulletproof with turning ears.
Current Price: $0.00244
Historical High: $0.00302
24-Hour Change: 43%
Current Market Value: $2M
Official Twitter: https://x.com/PumpDonaldSol](https://x.com/PumpDonaldSol
4. Retardio: Retardio is a memecoin on the Solana chain with NFTs. It resembles Milady and is associated with cult vibes.
Current Price: $0.099
Historical High: $0.102
24-Hour Change: 45%
Current Market Value: $99M
Official Twitter: https://twitter.com/retardiosolana?t=wzLXo-0vOrmspM-XdgkEew&s=09
5. Kama: Kama is a memecoin on the Solana chain featuring Kamala Harris. Under Biden's potential withdrawal from the Democratic presidential race, Harris could be a potential replacement.
Current Price: $0.0131
Historical High: $0.0222
24-Hour Change: 40%
Current Market Value: $13M
Official Twitter: https://x.com/kamalahorriss](https://x.com/kamalahorriss
6. MrsMiggles: MrsMiggles is a memecoin on the Base chain featuring Mrs. Miggles, the wife of the recent memecoin Miggles.
Current Price: $0.00129, also historical high
24-Hour Change: 2693%
Current Market Value: $1.2M
Official Twitter: https://x.com/mrsmiggles69
Daily Rune Observation
Gas Fee Change: The current BTC transaction fee is 5 satoshis/byte, remaining low despite Bitcoin's price recovery.
Today's Popular Projects:
1. SAIKO•HAMSTER
- Fully minted
- Market Value: $3.54M
- 24-Hour Trading Volume: $2,558
- 24-Hour Change: +53%
- Holding Addresses: 1,712
2. THE•DONALD•TRUMP
- Fully minted
- Market Value: $7M
- 24-Hour Trading Volume: $34,798
- 24-Hour Change: +23%
- Holding Addresses: 3,270
3. BRIDGE•OP•CAT•RUNES
- Fully minted
- Market Value: $233K
- 24-Hour Trading Volume: $2,606
- 24-Hour Change: +14%
- Holding Addresses: 1,106
Top Rune Projects Tracking:
- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone
- Current Price: 6.46 Sats
- 24-Hour Change: -3%
- Current Market Value: 6,460 BTC
- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1
- Current Price: 8 Sats
- 24-Hour Change: 0%
- Current Market Value: 1,680 BTC
- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project
- Current Price: 6.2 Sats
- 24-Hour Change: -3.9%
- Current Market Value: 1,300 BTC
Performances of Today's Top Three Tracks
SocialFi: An overall daily increase of 1.37%.
Upward Projects:
- POOLX: Poolz Finance is a decentralized cross-chain IDO platform that assists crypto industry projects in raising funds before listing.
- Daily Change: +9%
- Current Price: $2.43
- Current Market Value: $12M
- 24-Hour Trading Volume: $839K
- GAL: GALXE supports developers and projects in utilizing credential data to build better products and communities.
- The protocol allows customization of on-chain data creation, distribution, and gamified NFTs.
- Developers can establish loyalty programs, and individuals can issue and claim NFTs supported by their on-chain achievements.
- Daily Change: +6.8%
- Current Price: $2.5
- Current Market Value: $301M
- 24-Hour Trading Volume: $95M
- CBK: Nervos Network is a community platform specializing in researching cryptocurrencies, and facilitating communication between crypto investors and projects.
- Daily Change: +3.4%
- Current Price: $0.56
- Current Market Value: $47M
- 24-Hour Trading Volume: $3.26M
CeFi: Overall track saw a decrease of 0.73%.
Upward Projects:
- ZIG: Zignaly provides investment management services, allowing users to invest through traders and managed funds where fees are only paid upon profits.
- Daily Change: +10%
- Current Price: $0.138
- Current Market Value: $190M
- 24-Hour Trading Volume: $15M
- BGB: BGB is Bitget platform token.
- Daily Change: +3%
- Current Price: $1.12
- Current Market Value: $1.58B
- 24-Hour Trading Volume: $30M
- APX: APX Finance is a CEX-DEX derivative exchange, with APX as its platform token.
- Daily Change: +1%
- Current Price: $0.045
- Current Market Value: $19.8M
- 24-Hour Trading Volume: $354K
L1: Overall track saw a decrease of 1.4%.
Upward Projects:
- ARK: ARK is a development platform allowing anyone to create fully customizable and interoperable blockchains.
- Daily Change: +13%
- Current Price: $0.4
- Current Market Value: $74M
- 24-Hour Trading Volume: $74M
- FUSE: Fuse is a payment-centric decentralized platform comprising: 1) Fuse Network blockchain. 2) Mobile-first open-source technology stack using token payments. 3) A suite of reference DeFi products and tools.
- Daily Change: +12%
- Current Price: $0.04
- Current Market Value: $10M
- 24-Hour Trading Volume: $784K
- WAXP: WAX is an NFT blockchain specializing in DPoS consensus mechanism and compatible with EOS, providing a comprehensive solution for NFT projects.
- Daily Change: +7.5%
- Current Price: $0.042
- Current Market Value: $147M
- 24-Hour Trading Volume: $14M
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