Peter Schiff: ETH Returns to Its Trading Range Again, Now is a Good Time to Sell

On July 23rd, according to official information, Circle has officially launched the Circle Gateway testnet. It initially supports the Avalanche, Bitcoin, and Ethereum mainnets, enabling users to access USDC across chains in seconds. The mainnet version is about to be launched and will continue to expand to more blockchains. The key features are as follows: 1. Cross-Chain Access in Less Than 500ms: There is no need for cross-chain bridges or pre-positioning of assets. Users can quickly call a unified USDC balance. 2. Efficient Liquidity Management: By integrating a single system, it meets the multi-chain liquidity needs and reduces capital utilization. 3. Non-Custodial Design: Users have full control over USDC. Funds can only be moved with signed authorization, and withdrawals do not require trust in a third party.

On July 23rd. Bloomberg ETF analyst James Seyffart stated in a recent article that five ETFs listed on CBOE have submitted amended filings to the SEC. This indicates that the regulatory agency is actively involved in discussions with the funds and is making detailed adjustments. It may potentially pave the way for an in-kind creation and redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants (such as large Wall Street institutions and market makers). Regular investors cannot directly exchange Bitcoin or Ethereum spot assets for ETF shares.

On July 23rd, according to Coinglass data, the entire network witnessed a liquidation of $541 million in the past 24 hours. Among them, there were $378 million in long liquidations and $163 million in short liquidations.

On July 23, according to an official announcement, both Coinbase International Exchange and Coinbase Pro will list perpetual contracts for ERA and SUSHI.

On July 23rd, as per Cointelegraph, the full-stack AI data layer startup Poseidon has successfully completed a $15 million seed funding round. This round was led by a16z Crypto. It is reported that Poseidon aims to tackle the issue of the scarcity of high-quality and IP-cleared training data in the development of AI.