CME FedWatch: Probability of Interest Rate Unchanged in July is 94.8%

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.

On July 8th, based on HTX market data, Bitcoin experienced a rebound and reached $109,000. Currently, it is priced at $109,000 with a 24-hour change of 0.31%.

On July 8th, Andrei Grachev, the managing partner of DWF Labs, responded to the "Stablecoin USDF Temporary Depegging" issue. The stablecoin USDF has a collateral ratio with BTC of approximately 89% (about $565 million), and altcoins account for about 11% ($67.5 million). The reserve overcollateralization ratio is 116%, and each USDF minting must be backed by a stablecoin or an equivalent hedging position with no directional risk. The stablecoin USDF, under Falcon Finance, experienced a temporary depegging to $0.9432 and is currently trading at $0.9893, still in a slightly depegged state. USDF is a stablecoin launched by Falcon Finance and supported by DWF Labs.