Preface:
Bitcoin and Ethereum have risen by 0.32% and 1.36%, respectively, in the past 24 hours, with the ETH/BTC exchange rate remaining at 0.05. The Crypto Fear & Greed Index has warmed up to 29, indicating fear.

Recent Spotlight

The best performer recently is
SATS, with a 24-hour increase of 18.58%, currently priced at $0.0000002042 and a market cap of $429 million. According to UniSat, most of the development work for the Swap based on the Bitcoin mainnet has been completed. Additionally, the Fractal Swap extension plan is set to launch in September, introducing a competitive Rollup mechanism that allows users to package their Rollup results into the sequencer, earning transaction fees ($SATS) generated from all transactions within the Rollup. This process is similar to miners submitting packaged transactions to the network and receiving block rewards. The release of UniSat products reaffirms the use of $SATS as transaction fees. Due to the positive news, $SATS surged by 20% on July 7 and, after a brief fluctuation, continued to strengthen following the overall market trend.

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The Word on the Street

On July 11, Seattle-based Dangerous Things and VivoKey Technologies launched subdermal cryptocurrency wallets using NFC and RFID technology to enable secure cryptocurrency transactions. According to official personnel, “These wallets are hardware wallets used for sending cryptocurrency. Your mobile application is your interface, but it does not have any private keys. The private key and the actual signing of Bitcoin or cryptocurrency transactions are done within the chip.” The subdermal device Apex Flex is priced at $349 and currently supports various Bitcoin and cryptocurrency wallets, suitable for different blockchain networks.

Spot Bitcoin ETF Flows

Yesterday, Fidelity’s FBTC had a net inflow of $57.8 million, EZBC had a net inflow of $31.7 million, while Grayscale’s GBTC saw a net outflow of $8.15 million. With the German government’s Bitcoin sale nearing its end and strong support from significant inflows into Bitcoin spot ETFs, Bitcoin’s price remains stable around $57,000. Investors are closely watching Federal Reserve Chair Jerome Powell’s testimony on potential interest rate cuts and today’s upcoming CPI data release, which could affect BTC price trends and market dynamics.
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Airdrop Tracker

On July 11, Meme Dogs was launched on the TON ecosystem, gaining over 1 million users in less than 24 hours. All Telegram users can claim the airdrop by entering the Dogs bot channel, where the bot will rate users based on their Telegram account registration time and activity level, distributing points accordingly. Premium accounts receive additional points. According to the official introduction, “It is the meme coin that best embodies the spirit of Telegram, reflecting the spirit and culture of our vibrant community. We bring the legend of Spotty into the cryptocurrency world, creating a fun, community-driven, and unique product.” The design inspiration comes from TON founder Pavel Durov’s mascot, Spotty.

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