Market data shows that DYDX is approaching $0.25, currently priced at $0.2381, with a 24-hour increase of 48.94%. The market is experiencing significant volatility, so please ensure proper risk management. Previously, the official dYdX X account announced a countdown yesterday, stating that it has entered the final day and is expected to release important news today.
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DYDX Approaches $0.25, 24-Hour Increase of 48.94%
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BTC Surpasses $61,000
Market data shows that BTC has surpassed $61,000, currently priced at $61,003.44, with a 24-hour increase of 2.88%. The market is highly volatile, so please ensure proper risk management. -
US Spot Bitcoin ETF Sees $296 Million Net Outflow Yesterday
On July 2, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $296 million yesterday. -
US Spot Ethereum ETF Sees Net Inflow of $14.92 Million Yesterday
On July 2, according to monitoring by Trader T, the US spot Ethereum ETF saw a net inflow of $14.92 million yesterday. -
Bitwise CIO: Current Market is at the End of the Cycle, New Bull Market to Begin This Fall
On July 2, Bitwise Chief Investment Officer Matt Hougan stated that the sharp fluctuations in STRC combined with the pullback in MSTR stock prices are typical characteristics of the end of a cycle. As for when the market bottom will arrive, he could not provide a precise timeline, as no one can accurately predict it. Market bottoms can only be confirmed in hindsight. However, there are several key signals to watch for a potential bottom: First, MSTR trading below its net asset value per share indicates a complete shift from market greed to panic, which is a critical signal for bottom formation; second, the crypto fear and greed index hitting historical extremes and entering the extreme fear zone suggests it is a suitable time to position for a bullish trend; third, the negative funding rates in derivatives indicate that retail investors are much more inclined to short Bitcoin than to go long. The peak of market pessimism often presents a reversal opportunity. The current market is in a clearing phase, and the issues exposed by STRC are an inevitable part of the cyclical adjustment. All market cycles go through this painful period, which is unavoidable. The market is still digesting various risks, and I firmly believe that the bottom is near, with a new bull market set to begin this fall. -
Bitwise CIO: The Role of Strategy in the Bitcoin Market Has Transformed
On July 2, Bitwise Chief Investment Officer Matt Hougan stated that the role of Strategy in the Bitcoin market has undergone a fundamental change. For many years, it has been the world's most essential Bitcoin buyer, continuously providing bullish demand to the market. However, this era of one-sided accumulation is likely coming to an end. Moving forward, Strategy will flexibly buy and sell Bitcoin based on market conditions. Importantly, it will not engage in large-scale sell-offs. The existing mechanisms will not force Strategy to sell billions of dollars in Bitcoin each year; once a Bitcoin bull market arrives, Strategy is likely to return to a net buying position. However, in the next cycle, its influence on the Bitcoin market will be far less than in the previous cycle. -
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Uniswap Officially Launches on Robinhood Chain
On July 2, Uniswap announced on platform X that the layer two network Robinhood Chain, developed by the Robinhood crypto business team, has fully launched Uniswap V2, V3, V4, and the UniswapX protocol. Uniswap serves as the core public automated market maker (AMM) on Robinhood Chain, supporting the Uniswap web interface, wallet client, and application programming interface (API) from day one. An AI plugin called uniswap-trading-tools, featuring three new functionalities, is also set to be released soon. Users can now utilize Uniswap on Robinhood Chain for token swaps, providing liquidity, purchasing stock tokens, deploying AI trading agents, and deeply experiencing this layer two network. This mature product system, trusted by millions of users, has now arrived on Robinhood Chain. -
Senator Warren: Legislation Needed to Prevent Trump from Gaining More Cryptocurrency-Related Profits
On July 1, U.S. Democratic Senator Elizabeth Warren stated that legislation is needed to prevent Trump from gaining more cryptocurrency-related profits.
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