BNB Surges to Hit $800, Sets New All-Time High

On July 23rd, Bitget launched the 1st Trading Club Battle. The trading pairs involved include spot trading, spot instant exchange, spot leverage, and small-scale exchange trading. During this event, users who reach the specified cumulative daily buy-in amount will receive corresponding points. There is no limit to the number of points that can be earned. Users who meet the criteria will have the opportunity to unlock a 24,500 BGB airdrop reward. In addition, the user with the highest cumulative buy-in amount will receive a reward of 500 BGB. Users ranked from 2nd to 501st will unlock a 25,000 BGB prize pool. The trading pairs are limited to BTC, ETH, BGB, SOL, DOGE, and other 5 major currencies. The trading amounts of the top 501 users will be announced on the official form at 11:00 (UTC+8) the day after each event day. The event will take place from July 24th, 00:00:00 to July 30th, 23:59:59 (UTC+8).

On July 23rd: 105 economists reached a unanimous prediction that the Federal Reserve will maintain the federal funds rate within the range of 4.25%-4.50% on July 30th.

On July 23rd, the EU has formulated a contingency plan with a scale of €100 billion in case no agreement is reached to deal with the 30% tariff imposed by the US. (Golden Finance)

July 23rd. As per an official announcement, in order to celebrate the tenth anniversary of the Ethereum mainnet, Gate Wallet has launched two user incentive activities: · ETH July Closing Price Guessing Activity: Users are able to submit their predictions of the ETH closing price before 07:58 on August 1st (UTC+8) and make a deposit of ≥10 USDT and conduct an exchange (supporting ETH, BNB, Polygon, AVAX, Arbitrum, and other chains). The top 100 users who are closest to the actual price will have the chance to win a $20 USDT reward each. · The New User Trading Reward Activity is also in progress. From now until August 31st, users who complete deposit and any trading tasks of ETH ecosystem tokens can share a $10,000 USDT prize pool based on their individual trading volume proportions.

On July 23rd, based on Coinglass data, within the past 24 hours, the total net outflow of BTC on CEX was 10,442.37 BTC. The top three exchanges with the largest outflows are as follows: Kraken, with an outflow of 9,279.19 BTC; Bybit, with an outflow of 809.39 BTC; OKX, with an outflow of 437.45 BTC. In addition, Bitfinex witnessed an inflow of 407.33 BTC and ranked first on the inflow list.

On July 23rd, Hyperliquid made an official announcement that the open interest in futures contracts on the platform has exceeded $14.7 billion, reaching a new all-time high.