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

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.

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.

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.

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)

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.

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.