「Insider Trader」 @qwatio Account Left with Only $67,000, Loss Exceeds $16.2 Million

On July 10th, SOON issued a statement on the X Platform in response to the coin price flash crash event that occurred on July 5th. The SOON Foundation stated that the attacker carried out simultaneous withdrawals and cross-CEX selling. The highly coordinated nature of their actions suggests that this was a carefully planned operation. At the same time, the attacker took advantage of extremely negative funding rates in contract trades to earn huge profits from short positions. The SOON Foundation clarified that neither the project team nor SOON's official market maker partners, Jump Crypto and Amber Group, participated in any capacity in the July 5th event. It also disclosed the holding addresses of all relevant parties.

On July 10th, as per the official website, Binance Alpha has initiated VELVET, and its opening price is $0.032.

On July 10th, Galaxy Digital announced a partnership with Fireblocks. This partnership allows Galaxy Digital's staking services to be directly provided to Fireblocks' more than 2000 institutional clients. The integration enables clients to engage in capital-efficient staking within Fireblocks' custody without the need to transfer assets off the platform. Clients can now access Galaxy's validation infrastructure while keeping their existing custody setups. (FinanceFeeds)

On July 10th, according to glassnode data, the 24-hour futures trading volume of Ethereum reached $621 billion, exceeding that of Bitcoin which was $617 billion. glassnode pointed out that this situation is quite rare. "It indicates a shift in traders' attention and positioning prior to a potential ETH-specific catalyst."

July 10th: Regarding Bitcoin's breaking of a new high, Sid Powell, the CEO and Co-Founder of the crypto asset management company Maple, stated that whether Bitcoin's upward trend can continue mainly depends on the macroeconomic situation and any new developments in the trade sector. He believes that if trade talks encounter difficulties before the August 1 deadline for Trump's trade agreement, it may bring more resistance to Bitcoin. However, if the trade agreement makes further progress and low inflation data leads the Fed to restart key interest rate cuts, it may support the continuous upward trend of Bitcoin. In addition, John Glover, the Chief Investment Officer of the crypto lending platform Ledn and the former Managing Director at Barclays Investment Bank, stated, "Currently, Bitcoin seems to be only retesting the previous all-time high from May 22nd and facing selling pressure at that level." (Jinse)

On July 10th, based on the information on the relevant page, the probability on Polymarket that "FDV will exceed $4 billion on the first day of listing on Pump.fun" has increased to 84%, and the probability of exceeding $5 billion is reported to be 75%. As of the time of this writing, there is $134,000 staked in this prediction.