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Glassnode: Bitcoin RHODL Ratio Indicates Market Structure is Shifting, Signaling Cycle Transition and Speculative Fervor Cooling Off

7 hours ago

On July 9th, Glassnode announced on social media that the Bitcoin RHODL ratio has begun to show an upward trend and has reached the highest level of this cycle. This signal suggests that the market structure is undergoing a transformation, with a greater amount of wealth being controlled by single-cycle holders. Meanwhile, short-term activities ranging from 1 day to 3 months remain at a low level. According to historical data, such inflection points often presage a shift in market cycles and a moderation of speculative enthusiasm. The RHODL ratio is an on-chain metric for Bitcoin used to measure the difference in Bitcoin holdings between short-term and long-term holders, thereby analyzing market cycles and investor behavior.
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pump.fun has not transferred any SOL to Kraken since June 10th.

On July 9th, as per the monitoring by LookOnChain, since June 10th, pump.fun has not transferred any SOL to Kraken for approximately one month.

6 minutes ago

GMX: Proposal to Disable Leverage and Limit Token Minting for GMX V1 Fork Project to Mitigate Risk

On July 9th, GMX issued an emergency notice indicating that all GMX V1 forked projects have come under attack. In order to mitigate the risk, the following actions can be taken: · Disable the leverage feature: One can call Vault.setIsLeverageEnabled(false) to turn it off; if using Vault Timelock, then call Timelock.setShouldToggleIsLeverageEnabled(false). · Set the maxUsdgAmounts of all tokens to "1": Utilize Vault.setTokenConfig or Timelock.setTokenConfig to prevent the further minting of GLP. It should be noted that this value must be set to "1" and not "0". Setting it to 0 indicates no limit, which would instead lead to the continuous exploitability of the vulnerability.

6 minutes ago

GMX: GMX V1 trading on Arbitrum and Avalanche as well as GLP minting and redeeming have been temporarily paused, V2 and GMX token are unaffected

On July 9th, GMX announced that the GLP pool of GMX V1 on Arbitrum had been attacked, with approximately $40 million worth of tokens being transferred to an unknown wallet. The immediate priority is to trace the root cause of this event and make progress in asset recovery. The GMX team has temporarily suspended the transaction functionality of GMX V1 on both Arbitrum and Avalanche, as well as the minting and redemption of GLP, in order to prevent further attacks and protect users from additional losses. It should be noted that this attack does not affect GMX V2, its markets, or liquidity pools, nor does it have an impact on the GMX token itself. Based on the information currently available, the exploit is limited to GMX V1 and its GLP pool.

6 minutes ago

Twitter CEO Linda Yaccarino has announced her resignation.

On July 9th, Linda Yaccarino, the Chief Executive Officer of "X" at Twitter, which is a social media platform owned by Musk, announced her resignation. (Golden Ten)

6 minutes ago

Bitget will simultaneously launch the PUMP public sale, with a personal subscription limit of $1 million.

On July 9th, Bitget will concurrently commence the public sale of pump.fun (PUMP). The total subscription quota is 1.5 trillion. The individual subscription limit is $1 million. The unit price is $0.004. The accepted subscription currencies are USDT and USDC. The subscription period is from 22:00 on July 12th to 22:00 on July 15th (UTC+8), on a first-come, first-served basis. Earlier, pump.fun officially released the PUMP tokenomics. The maximum supply of tokens is 1 trillion. Among them: 33% will be sold through the Initial Coin Offering (ICO); 24% is reserved for community and ecosystem plans; 20% is allocated to the project team; 2.4% is for ecosystem funds; 2% is allocated to the foundation; 13% is allocated to existing investors; 3% is for live broadcast incentives; and 2.6% is for liquidity and trading platforms.

6 minutes ago

pump.fun Announces Public Sale Details: Tokens will be transferable 48 to 72 hours after the end of the public sale. Users from the United States and the United Kingdom are not allowed to participate in the public sale.

On July 9th, pump.fun announced that the public sale of the PUMP token will continue until one of the following two events happens: either all 150 billion tokens are sold out, or until Tuesday, July 15th at 22:00 (UTC 14:00). Shortly after the end of the public sale, participants will obtain the purchased tokens. Initially, these tokens will be non-transferable, that is, they cannot be traded. Within 48 to 72 hours after the end of the token sale, the tokens will become transferable. Americans and residents of the United States and the United Kingdom are not permitted to participate in PUMP's initial token offering (ICO), and this token sale will not take place in the United States, the United Kingdom, or any prohibited jurisdictions.

6 minutes ago