BlockBeatNews

BlockBeats news, on July 8, Gyroscope announced that ETH/USDC and ETH/USDT are now live on the Ethereum Mainnet, both incentivized by GYD - Gyroscope stablecoin, with an APR of up to 143%. The design goals of the dynamic liquidity pool are: 1. To provide real returns from efficient exchange currency fees; 2. LPs do not need to manage and adjust positions; 3. Efficient and safer wide-range liquidity. Similar dynamic liquidity pools include: BTC/stablecoin, which has already brought better performance to LPs on Base. Its dynamic mechanism avoids high-cost rebalancing, providing LPs with automated market-making profits that exceed other DEXs in the market. Dynamic liquidity pools will launch on Sei and more L2s.

Sentora reports that the volume of Bitcoin miners in on-chain transactions has dropped to 3.3%, the lowest since November 2022. This indicates that miners are more inclined to hoard Bitcoin and reduce selling, which may reflect a wait-and-see sentiment in the market.

According to BlockBeats news on July 8, Dune data shows that the stock tokenization platform xStocks created by Backed had a trading volume of 6.21 million USD yesterday, with a daily active user count (DAU) of 2,473 and a total of 17,010 transactions. In terms of trading varieties, TSL and Circle had trading volumes of 2.46 million USD and 2.21 million USD, ranking first and second respectively, while the S&P 500 index had a trading volume of 559,000 USD, ranking third.

BlockBeats news, on July 8th, stablecoin concept stock Jin Yong Investment (01328.HK) continued to soar in the afternoon, rising over 620%. The company announced a strategic partnership with AnchorX to explore stablecoin application scenarios.

BlockBeats news, on July 8, according to Cointelegraph, BlackRock's Bitcoin Spot ETF IBIT holds over 700,000 BTC, valued at approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, BlackRock's Bitcoin Spot ETF IBIT holds 700,307 BTC.

BlockBeats news, on July 8, the first Bitcoin reserve company in Europe, The Blockchain Group, raised approximately 3 million euros (3.52 million USD) to increase its holdings of BTC.

BlockBeats News, on July 8th, according to the official announcement, Gate will launch BOOM Perptual Futures Trading (USDT Settlement) on July 8th at 20:05 (UTC+8), supporting 1-20x leverage.

According to HyperInsight monitoring, an investor holding 50,000 ETH has unrealized gains of 9.56 million USD in the current market and has not taken profit yet. Previously, this investor had unrealized gains of over 20 million USD when ETH fell to 2,200 USD. This person is currently shorting with 10x leverage, entering a position at a price of 2,725 USD.

According to BlockBeats news, on July 8, Four.Meme announced that the platform now supports Chinese and emoticons for token names and symbols when creating tokens. This allows for a more free expression of culture, community characteristics, and emotional styles.

BlockBeats reported that on July 8th, the Chinese programmer community V2EX issued a coin on Pump.fun, which sparked significant attention and discussion within the community. The founder, Livid, told BlockBeats that the V2EX Token will have future interactions with the V2EX community, and currently, its open interest is about 75% of the total supply, with none sold yet. The current circulating supply is around 25% of the total. Livid mentioned to BlockBeats that this token was created 9 months ago to experience the Pump.fun product, and the reason for the token's graduation (entering the external market) today is to add Solana wallet login functionality to the V2EX website, which has a demand for viewing on-chain addresses, resulting in inadvertently filling the internal market and entering the external market. When talking about the V2EX Token's function,

BlockBeats news, on July 8th, according to official sources, UXLINK initiated an on-chain vote on Snapshot to support the development of $UXLINK, and will cross-chain a portion of UXLINK tokens from Arbitrum and TON to the BSC chain, with the specific ratio to be determined based on business needs. Currently, the approval rate for the vote on Snapshot is 80%.

BlockBeats news, on July 8th, according to Farside monitoring, yesterday FETH had a net inflow of 8.9 million USD.

According to BlockBeats news on July 8, the Alternative data shows that today's encryption fear and greed index is 65 (yesterday it was 73), indicating a cooling of the market "greed" sentiment. Note: The panic index threshold is 0-100 and includes indicators: Fluctuation (25%) + market volume (25%) + social media heat (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).