NAVI Protocol is pleased to announce that the xBTC incentive has now been fully expanded to SUI and USDC lenders.

On July 8th, as per GlobeNewswire, the digital asset management firm ReserveOne Inc. declared today that it has reached a definitive business merger agreement with the Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The company intends to hold and manage a portfolio of crypto assets, with Bitcoin as its core, encompassing assets with staking and lending yield potential like Ethereum, Solana, and others, and offer asset appreciation services to institutional investors. This transaction is anticipated to bring ReserveOne more than $1 billion in financing, which includes approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, consisting of $500 million in common stock and warrants and $250 million in convertible bonds. The strategic investors participating in this round of financing are: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and other institutions. After the transaction is completed, ReserveOne

On July 8th, Joanna Zeng, the co-founder and CEO of SOON, posted a message indicating that recently, the SOON community and project have experienced abnormal fluctuations in token prices. The initial investigation by the SOON team found that this fluctuation was suspected to be organized manipulation behavior targeting multiple assets, including SOON, with the intention of creating panic and making a profit. SOON officially emphasized: 1. The team has not sold any SOON tokens and has not profited from this event; 2. The project will not be terminated, and product development will continue. SOON Labs stated that they will continue to promote the development of the ecosystem, conduct a thorough investigation into the event, and will release a detailed analysis report to the community later.

On July 8th, Gyroscope officially announced that ETH/USDC and ETH/USDT have been launched on the Ethereum mainnet. Each is supported by GYD - Gyroscope Stablecoin Incentives, with an APR of up to 143%. The design goals of the Dynamic Liquidity Pool are as follows: 1. Provide real returns through efficient exchange fees; 2. LPs do not need to manage or adjust positions; 3. Offer more efficient and secure broad-spectrum liquidity. Similarly, the Dynamic Liquidity Pool includes BTC/Stablecoin, which has already delivered better performance to LPs on Base. Its dynamic mechanism avoids costly rebalancing, enabling LPs to obtain automatic market-making profits that surpass those of other DEXs in the market. The Dynamic Liquidity Pool will be launched on Sei and more L2s.

On July 8th, as per PeckShield's monitoring, an unusual transaction took place in Peapods Finance. 11.494 ETH (approximately $29,600) was transferred.

On July 8th, according to Coinglass data, if Bitcoin were to break through $110,000, the cumulative intensity of short liquidation on mainstream CEXs would reach 288 million. Conversely, if Bitcoin were to fall below $107,000, the cumulative intensity of long liquidation on mainstream CEXs would reach 209 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent reaching a particular price level will be affected. Higher "liquidation bars" indicate that when the price reaches that level, a more intense response will be generated due to a liquidity cascade.