Daily Report | Arkham will open the airdrop application on July 18; Upbit will list MINA
Approximately $100 million in assets have been transferred from Multichain to a new address; Standard Chartered predicts that Bitcoin's price will rise to $120,000 by the end of 2024.Organizer: Nianqing, ChainCatcher
"What important events have occurred in the past 24 hours"
1. Arkham: Snapshot taken on July 8, airdrop will open for claims on July 18
Arkham officially announced that the ARKM airdrop snapshot was taken on July 8 and will open for claims on July 18. Users can enter their Ethereum addresses through the Arkham platform's invitation dashboard to claim the airdrop. Accounts of witch attackers have been marked and will no longer be eligible to claim. (Source link)
2. Standard Chartered: Bitcoin price could rise to $120,000 by the end of 2024
Standard Chartered stated that as miners reduce token sales, the price of Bitcoin could reach $50,000 this year and $120,000 by the end of 2024. (Source link)
3. Upbit to list MINA, supporting BTC market trading pairs
According to an official announcement, South Korean crypto exchange Upbit will list MINA, supporting BTC market trading pairs. Deposits will begin within three hours of the announcement (before 11:00 local time), and only deposits in the Mina network will be supported, while trading for BTC market trading pairs will start at 16:00 local time. (Source link)
4. Framework Ventures co-founder: The situation for cryptocurrencies is much better than imagined
Vance Spencer, co-founder of crypto venture firm Framework Ventures, stated on Twitter that the situation for cryptocurrencies is much better than anyone imagines. Despite the tense market sentiment, the financial system is gradually being replaced by decentralized applications.
Specifically, there are 280 days until the BTC halving, and a spot Bitcoin ETF is expected to launch by the end of this year or even earlier, which will bring more ETF opportunities for other crypto assets; Ethereum has successfully transitioned to PoS and has been in a deflationary state all year; three DeFi applications have reached an ARR (Annual Recurring Revenue) of $100 million this year (in a bear market), with 1-2 expected to reach $1 billion in a bull market; crypto games are still on track for releases in Q4/Q1; regulatory clarity also seems to be on the horizon, with stablecoins and market structure planned for voting this summer.
Additionally, cryptocurrencies have withstood the Federal Reserve's 525 basis point rate hikes and are on the other side of one of the most severe deleveraging events in financial history. The market expects the Fed to raise rates again, with a certainty of 95%, after which the Fed will take action. The Fed's dot plot suggests that the headwinds for interest rates in 2024 and 2025 will turn into tailwinds. The trajectory of 2019 is remarkably similar to that of 2023. (Source link)
5. Beosin: About $100 million in assets transferred from Multichain to new address, suspected internal operation
Blockchain security audit firm Beosin monitored that another $103 million in crypto assets has been transferred from Multichain to a new address starting with 0x1eed, including approximately $24 million USDC, $29.65 million fUSDT, $2.13 million WBTC, $17.16 million WETH, $10.10 million ETH, and $3 million DAI. Beosin stated that these assets come from multiple chains, involve a large number of private keys, and have long transfer intervals, indicating that the attacker may have controlled all the assets and is not in a hurry to transfer them. Based on previous analysis, it is speculated that this may be an internal operation.
Previous report noted that on July 7, approximately $127 million in locked assets on Multichain was abnormally transferred to six addresses seven hours prior.
6. Aave to launch cross-chain communication abstraction layer a.DI
Aave community developer bgdlabs tweeted about the cross-chain communication abstraction layer a.DI (Aave Delivery Infrastructure) for decentralized systems like Aave DAO. It is an evolution of the current Aave cross-chain system, generalizing communication between networks, abstracting cross-chain providers, and introducing consensus rules and emergency recovery mechanisms controlled by Aave. Once approved by the community, they will become the infrastructure layer for Aave DAO.
"What excellent articles are worth reading in the past 24 hours"
On July 10, the once obscure blockchain on-chain monitoring platform Arkham became seemingly well-known due to news that "Binance Launchpad will list Arkham." Subsequently, everyone began to find past private messages from Arkham in their Twitter DM lists, inviting them to use its products, and various registration invitation links immediately flooded social media. Currently, Arkham still adopts an invitation registration system, but it is this invitation link that has put Arkham at the center of public opinion. Some netizens discovered that Arkham's referral link seems to leak users' email addresses.
2. “Shen Yu: Three things to watch in the second half of 2023”
The entire cryptocurrency industry is still in a state of redefining its narrative logic. However, there are still several major events worth paying attention to. First, Ethereum will have an upgrade in the second half of the year to improve performance; secondly, L2 will likely go live on the mainnet within the next 6-12 months—most likely in 6 months—with a series of layer two networks like Scroll and ZKS competing to be the first to gain a good first-mover advantage. The second consensus is that non-custodial wallets based on MPC technology and on-chain AA smart wallets may gradually form a unified standard as L2 goes live, leading to large-scale promotion and application. The third important issue is the applications for traditional institutional ETFs.
3. “RWA Map: Overview of progress of 10 major projects and summaries of 20 early projects”
Due to the broad definition of the RWA concept, the actual development landscape in this field feels quite vague. This article mainly combines the ++crypto data platform++ ++Root++ ++Data's++ ++RWA++ ++section++ to outline the progress of relatively leading projects under the RWA concept and highlight some early projects that have made notable achievements in financing or models, providing an overview of the development of the RWA track.
