Daily Report | Ant Group will add Circle's stablecoin to its global platform; YZi Labs will support BNB Financial Company 10X Capital and prepare for IPO
July 10 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- BIT Mining to Raise $200 to $300 Million to Implement Solana Strategy
- Market News: Ant Group to Add Circle's Stablecoin to Its Global Platform
- Binance: Users Holding at Least 200 Alpha Points Can Participate in Velvet (VELVET) TGE Event
- RootData Launches New Points System and Activities, and Partners with ApeX to Introduce 60,000 APEX Incentive Pool
- Zhao Changpeng: We Should Use AI to Simplify Law
- YZi Labs to Support BNB Finance Company 10X Capital and Prepare for IPO
- Justin Sun Commits to Purchase $100 Million Worth of TRUMP Tokens
"What Important Events Happened in the Last 24 Hours"
BIT Mining to Raise $200 to $300 Million to Implement Solana Strategy
According to Jinshi, cryptocurrency mining company BIT Mining announced that it will convert its cryptocurrency holdings into Solana and raise $200 to $300 million for its Solana strategy.
Market News: Ant Group to Add Circle's Stablecoin to Its Global Platform
According to market news, Ant Group will add Circle's stablecoin to its global platform.
Binance: Users Holding at Least 200 Alpha Points Can Participate in Velvet (VELVET) TGE Event
According to official news, Binance users with 200 or more Alpha points can participate in the Velvet (VELVET) TGE event through the Alpha activity page. Participation in this event will consume 15 points.
RootData has launched a new points system, allowing users to earn points through more than a dozen methods and redeem rewards provided by the platform and its partners. Additionally, RootData has airdropped points to users with different levels of activity, and users can now view the RootData points leaderboard and their own ranking.
To further incentivize users, RootData has partnered with the decentralized derivatives protocol ApeX to launch a task incentive program, distributing a total of 60,000 APEX tokens to users actively participating in RootData's points tasks. Participants need to complete tasks such as registration, community interaction, app rating, and trading, with the most contributing user group eligible to receive up to 535 APEX tokens as rewards.
The event runs from July 10 to July 24 (UTC+0), and rewards will begin to be redeemed after the event ends, on a first-come, first-served basis.
Zhao Changpeng: We Should Use AI to Simplify Law
Binance co-founder Zhao Changpeng stated on social media, "We should use artificial intelligence to simplify law. The laws in most countries are lengthy and complicated, constantly amended and supplemented, and often become complex over time (by lawyers) intentionally. These laws are also often contradictory (easily leading to prolonged debates), making it difficult for ordinary people to understand. Implementing these laws (such as litigation) can take years.
This is not an attack on lawyers. But their time could be better spent on more productive activities, such as more business transactions, more innovation, and more progress.
YZi Labs to Support BNB Finance Company 10X Capital and Prepare for IPO
According to Cointelegraph, Zhao Changpeng's family office YZi Labs will support a new reserve management company that will offer investors investment opportunities linked to BNB and plans to go public in the United States.
YZi Labs announced on Wednesday that it will support investment company 10X Capital in establishing a BNB reserve company called "The BNB Treasury Company" and seeks to list on "a major U.S. exchange." The company will be led by David Namdar as CEO. He is a senior partner at 10X Capital and a co-founder of Galaxy Digital, having previously served as co-head of the company's trading division.
Justin Sun Commits to Purchase $100 Million Worth of TRUMP Tokens
Justin Sun stated on platform X that his team is committed to purchasing $100 million worth of TRUMP tokens, referring to it as "the currency to Make America Great Again (MAGA)."
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Reviewing the $42 Million Theft of GMX: The Downfall of Second-Generation Derivatives DEX
Circle has also been "criticized."
Interview with Offchain Labs CEO: Why Did Robinhood Choose Arbitrum?
The industry's development requires greater capacity, and the development plan for L2 is the only path that can meet future demands.
Behind Bitcoin's New High of $112,000: Weak Dollar and Institutional Influx
Bitcoin reached $112,000 this morning, setting a new historical record. Galaxy reviewed the market dynamics since June, analyzing the impact of geopolitical conflicts and economic data on risk assets, and discussing Bitcoin's unique performance in this rebound and its future direction.
Analysis of GMX Attack Mechanism: Losses Exceeding $40 Million
GMX was attacked by hackers exploiting a reentrancy vulnerability, with design flaws in the leverage mechanism leading to losses exceeding $40 million, with the core issue being an over-reliance on AUM trust in the redemption logic.
$380 Million of Chinese Creditors Targeted by FTX Liquidation Team
This unresolved debt collection may tear apart the last piece of compliance's fig leaf.
Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN, as of July 10, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: TANSSI, AP, BTCBULL, MARU, NALA
In the past 24 hours, the top five popular Solana tokens are: MrBeast, GM, APC, TOPLESS, $GREMLY
In the past 24 hours, the top five popular Base tokens are: BSC, SLAP, VIRTUAL, DEGEN, TONY
Risk warning
Risk warning
