Preface:
Bitcoin and Ether have fallen by 1.01% and 1.31% respectively in the past 24 hours, with the ETH/BTC exchange rate holding steady at 0.05. The crypto market Fear & Greed Index remains at 61, indicating greed.

Recent Spotlight

The best performer recently is WLD, with a 24-hour increase of 45.56%, currently priced at $2.905, and a market cap reaching $812 million. Worldcoin is a global digital identity project co-founded by OpenAI CEO Sam Altman, aiming to establish a comprehensive global financial and identity network. Since March, WLD’s price has been on a downward trend, dropping from nearly $12 USDT at its peak to a low of $1.72 USDT. The primary reasons for this decline, aside from the overall market downturn, are the continuous and substantial token unlock pressures. Yesterday, Worldcoin announced that the token lock-up period for early Worldcoin contributors from Tools for Humanity will be extended, with 80% of TFH investors and team members’ tokens now unlocking over four years instead of two. Worldcoin has recently modified its token release rules twice, resulting in token prices rising by 8% and 13% within an hour respectively.

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The Word on the Street

Craig Wright officially admits he is not Satoshi Nakamoto Craig Wright, often referred to as “Faketoshi,” has formally issued a statement admitting that he is not Satoshi Nakamoto, the creator of Bitcoin, nor the author and copyright holder of the Bitcoin white paper. Previously, Craig Wright was referred to the UK Attorney General by a London High Court judge for perjury allegations. Judge James Mellor noted in his ruling that Wright made extensive and repeated false statements to support his fraudulent claims and decided to refer the case to the Crown Prosecution Service (CPS) for consideration of perjury charges.

Spot Bitcoin ETF Flows

US Bitcoin spot ETFs saw a net inflow of $53.35 million yesterday, marking nine consecutive days of net inflows, with significant contributions from BlackRock and Fidelity ETFs. Bitcoin’s price rebounded sharply after an initial sell-off triggered by the sale of seized Bitcoin in Germany, returning to the range of $63,100 to $65,000 after briefly surpassing $65,000. Market sentiment has shifted due to expectations of a more favorable regulatory environment in the near future, boosting investor confidence in the future of cryptocurrencies.

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Project Upgrade

On July 18, the ether.fi Foundation announced that it had written a description of current and future functions aimed at enhancing the utility, market dynamics, and user engagement of ETHFI tokens. The following measures have been implemented:

• ETHFI Token Buyback Plan: Starting last month, the ether.fi Foundation announced that 50% of the protocol’s monthly revenue would be allocated for buying back ETHFI tokens and providing liquidity (LP);
• Stake ETHFI for More Rewards: Users can now stake their ETHFI tokens to earn additional project rewards while supporting the stability and security of the ether.fi protocol;
  

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