Bitcoin Surges to Reach $119,000

On August 10th, according to Coinglass data, during the past 24 hours, the total liquidation across the network reached $343 million. The long liquidations amounted to $172 million, while the short liquidations totaled $171 million.

On August 10th, according to Coinglass data, in the event that Bitcoin surges past $120,000, the cumulative short liquidation intensity on mainstream CEXes will amount to 359 million. Conversely, if Bitcoin drops below $117,000, the cumulative long liquidation intensity on mainstream CEXes will reach 274 million. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart showcases to what degree reaching a certain price level will be impacted. A higher "liquidation bar" indicates that when the price reaches that level, it will trigger a more intense reaction due to a liquidity cascade.

On August 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show a divergent market trend with both bullish and neutral sentiments. The specific funding rates for major coins are as shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applied to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.

August 10th. JD Technology Group has recently begun recruiting for the position of "Stablecoin On-Chain Activity Planner". The main responsibilities involve formulating and implementing the on-chain growth strategy for the stablecoin. Analyzing on-chain data to optimize market strategies. Expanding partnerships with DeFi protocols, DEXs, lending platforms, and other ecosystem partners. And planning and executing marketing activities. This position also requires leveraging Web3 industry resources to expand the scope and influence of activities. Requirements are as follows: having more than 3 years of experience in Web3 growth operations or blockchain marketing, with successful on-chain activity cases. Having been deeply involved in the economic model design or growth activities of at least one DeFi protocol. Being familiar with market growth strategies in the DeFi, PayFi, and exchange platform ecosystems. Being proficient in DEXs, lending, derivative protocol, and stablecoin use cases.

On August 10th, the vice president of the United States, Pence, stated that the United States is making arrangements for Putin and Zelensky to sit down and discuss ending the conflict. He holds the view that it would be ineffective for Russian President Putin to meet with Ukrainian President Zelensky before meeting with President Trump of the United States. (FXStreet)

On August 10th, as per the monitoring of Onchain Lens, a dormant whale has pledged its 4736 ETH (valued at $19.84 million) in Kiln. This whale spent around $9.12 million to acquire these ETH 4 to 5 years ago and currently holds unrealized gains of $10.7 million.