Circle Introduces Circle Gateway: A New Infrastructure to Achieve Cross-Chain Unified USDC Balance

On July 23rd, as monitored by on-chain data analyst Yu Jin, the [Whale Address that had been accumulating UNI and MKR from February to April] completed the liquidation of its MKR 4 hours ago. From the 18th of this month until now, the address has cumulatively transferred 6,252 MKR in batches to Binance. Subsequently, it withdrew 12.88 million USDT and sold them at an average price of $2,060, realizing a profit of $5.29 million. It is worth noting that the 249.4 million UNI (approximately $26.86 million) accumulated by the address during the same period has not been sold yet, and the UNI currently has an unrealized gain of $5.93 million.

July 23rd: On Tuesday, the exit queue of Ethereum validators reached the longest waiting time in more than a year. This might suggest that stakers are eager to withdraw their funds after a substantial surge in the ETH price. The data from the validator queue tracking website validatorqueue shows that as of Tuesday afternoon in US time, approximately 519,000 ETH (valued at $1.92 billion at the current price) is in the withdrawal queue. This is the largest exit queue since January 2024, resulting in withdrawal delays of more than 9 days. Andy Cronk, the co-founder of the staking service provider Figment, stated: "During price increases, people unstake and sell to lock in profits. We have observed both retail and institutional players following this pattern across multiple cycles." He added that when large institutions change custody providers or wallet technology, it could also trigger large-scale unstaking. Despite the wave of unstaking, the market may not necessarily face sig

On July 23rd, as per the Hong Kong Exchange HKEX website, the Hong Kong-listed company Future Data Group issued an announcement indicating that it has entered into an RWA (Real World Asset) service agreement with the Asian Brand Group with the aim of exploring asset tokenization, digital asset funds, and real expenses that are regulated by stablecoins.

On July 23rd, based on market data, BNB rose and touched $797, reaching a new all-time high.

On July 23rd, based on alternative data, today's Crypto Fear and Greed Index is 74. Yesterday, it was 72 (with the average of last week being 70), and market sentiment remains in the "Greed" state. Note: The Fear Index threshold ranges from 0 to 100 and incorporates the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

On July 23rd, as per an official announcement, the U.S. Securities and Exchange Commission (SEC) has given the green light for the conversion of the Bitwise 10 Crypto Index Fund into an ETF. This ETF encompasses assets such as BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT. Nevertheless, it was also mentioned that "the authorization action will be re-examined, and the approval order will be temporarily suspended pending further decision by the SEC." Previously, a similar product - the Grayscale Digital Large Cap Fund (GDLC), which tracks BTC, ETH, XRP, SOL, and ADA, had also received preliminary approval from the SEC. However, subsequently, the agency changed its stance and halted the launch of the fund. It is said that the SEC's hesitation might stem from the need to establish consistent standards for cryptocurrency ETFs, especially for tokens like XRP and ADA that do not yet have standalone ETFs.