Daily Summary of the crypto world: Blockchain identity platform Fractal ID suffers data leak; BlackRock sets 0.25% fee for ETH Bond ETF; Aethir launches $50 million community reward program.

First, let's look at the trading activity of BTC ETF. According to Farside Investor data, on July 17th, the Grayscale BTCSpot ETF (GBTC) saw a capital outflow of $53.9 million; at the same time, the Fidelity BTCSpot ETF (FBTC) saw a capital inflow of $2.8 million, and the Bitwise BTCSpot ETF (BITB) saw a capital outflow of $6 million.

BlackRock has set a 0.25% fee in the latest revised version, and various companies are preparing to launch SpotETH ETF

Asset management giant BlackRock has set the fee for its SpotETH products at 0.25%, with companies submitting amended forms ahead of the expected launch next week. According to a revised S-1 registration statement filed on Wednesday, BlackRock stated that it may 'waive all or a portion' of the fees for a certain period and will reduce the fees to 0.12% for the first year after listing and for the first $25 billion in assets.

Other companies have also announced their respective fees: 21Shares has set a fee of 0.21%, which will be exempted from the date of listing for six months or during the first $500 million period; Bitwise's fee is 0.20%; Grayscale's fee is 2.5%, much higher than other issuers. Invesco Galaxy's fee is 0.25%, VanEck's fee is 0.20%, and Franklin Templeton's fee is 0.19%.

A source said that the SpotETH ETF may start trading on July 23. Eric Balchunas, a senior ETF analyst at Bloomberg, said the SEC had responded to the issuance and requested that the final S-1 document be returned (including fees) by Wednesday and take effect after Monday's close, in preparation for the issuance on July 23 (Tuesday).

Fractal ID, a Block chain identity platform, has suffered from data leakage.

On July 17th, the blockchain identity platform Fractal ID announced that the platform suffered a data leak on July 14th. Fractal's partners include the payment system Gnosis Pay, the decentralized finance application Acala, the identity verification project Polygon ID, the social media platform Lukso, and other Web3 applications. Fractal did not specify which partners were affected by this intrusion in the statement.

Fractal states that the vulnerability only affects 'about 0.5% of the Fractal ID user base.' According to the notice, 'unauthorized third parties outside of Fractal ID accessed the operator's account and ran an API script, which began accessing user's personal data at 5:14 AM UTC.' The team noticed this vulnerability and 'took action to log out the attacker from the system before 7:29 AM UTC.' Therefore, the attack seems to have occurred within 2 hours and 14 minutes.

The notice states that only a limited amount of account data is stored in that particular operator's account, representing only 0.5% of Fractal's total user base. The data that could be leaked includes names, email addresses, WalletAddresses, phone numbers, actual addresses, images and pictures of uploaded files. FRACTAL claims that the breach did not affect customers' systems or products, as the breach "only occurred in."[Fractal]In the environment". Nevertheless, affected users should also "be cautious of unsolicited communications requesting more personal information".

Aethir launches a $50 million community reward program and suspends the swap with io.netToken

According to official sources, Aethir has announced the suspension of the $50 million token exchange plan previously agreed with io.net. The Aethir Foundation has decided to launch a community reward program, distributing the originally allocated $50 million worth of ATH tokens to loyal and active participants in the Aethir network, in recognition of the valuable contributions of the Aethir community and to further motivate people to continue participating in the Aethir ecosystem.

The distribution of the plan is as follows:

1. Checker Node Licenseholder Rewards: $20 million worth of ATH tokens will be distributed to Checker Node Licenseholders. Everyone is eligible to receive the minimum amount of ATH. Those who have invested at least 2500 ATH in each Checker License and have been investing since TGE will receive additional bonuses. Aethir will take a Snapshot every day to determine eligibility, with the final Snapshot scheduled for July 23, 2024.
2. ATH-AI Staking Pool Yield Boost: The remaining $30 million worth of ATH tokens will be distributed to the ATH-AI staking pool over 24 weeks to boost yields and support the development of AI applications on the Aethir network.

Aethir stated that the $50 million community reward program is an important milestone towards the future of cloud computing Decentralization. By reallocating resources initially used for the io.netToken exchange, the ecosystem of Aethir can be accelerated in its rise and development.

Market Trends

• BTC: It briefly touched $66,000 yesterday before falling back and is now consolidating around $64,500. Spot ETF continues to flow in $57 million (IBTC data not included for now).
• ETH: After breaking through $3,500 and then falling back, it is currently adjusting around $3,420.
• AltCoin：follow the general pullback of the market.

Data Indicators:

• Today's AHR999 index is 0.85, and the market has passed the bottom area.
• The fear and greed index is 61, and the market's greed sentiment has eased compared to yesterday.

Macroeconomics

The three major U.S. stock indexes have been fluctuating, with the Nasdaq experiencing a big dump of 2.77%, mainly due to the sharp decline of constituent stocks Apple and Nvidia. Federal Reserve's Williams hinted at an imminent interest rate cut, but is not yet prepared.

Market Hotspots

1. ETH Staking Module:
2. LDO, RPL, ETHFI and other Rebound. SEC commissioner said market news can reconsider the inclusion of 'stake' in the ETH ETF.
3. GameFi Sector:
4. BNX, ALICE, DAR and other tokens surged. Influenced by the BNX destruction proposal, BNX pumped nearly 200% this month. The GameFi sector performed average in this round of market, while other tokens showed a downward trend.
5. Memezone：
6. PEIPEI and NUB continue to pump, while fully circulating Meme coins perform well under the strong control of the market maker. In addition, MANEKI, a cat-themed Meme coin on the Solana blockchain, officially announced the launch of its first lottery card game at 22:00 tonight, with prizes including Cybertruck, Apple computers, drones, etc. Currently, there is no significant price reaction on the market.

Summary

The current market is in a overall adjustment phase, with BTC and ETH consolidating at high levels, and alts generally pulling back. Despite the uncertainty in the macroeconomic environment, ETH staking zone and GameFi zone are showing active performance under specific news. MEME zone continues to strengthen under the condition of full circulation and high market trend control. Investors should follow the macroeconomic trends and changes in market sentiment, and adjust their investment strategies in a timely manner.

Macro: Trade tensions escalate, US stocks impacted, Asian stocks fall, yen pump

On July 17th, the S&P 500 and Nasdaq indexes experienced a significant drop on Wednesday. The reason behind this is the potential escalation of trade conflicts between the United States and China, which resulted in a big dump of semiconductor stocks and intensified the continuous outflow of large tech stocks. Reports of the Biden administration considering strict trade restrictions on China caused a 6.8% drop in semiconductor stocks, marking the largest single-day decline in the Philadelphia Semiconductor Index since March 2020.

Index Performance: Dow Jones Industrial Average pump0.59%; S&P 500 Index fell 1.39%; Nasdaq Index fell 2.77%

The 'seven giants' momentum stocks led by Nvidia and Apple experienced a pullback, dragging the Nasdaq index down by 2.8%, while the Benchmark S&P 500 index fell by 1.4%. The Dow Jones Industrial Average has been lagging behind the other two indices this year, but in the past few days, the index has maintained a small pump and set a closing historical high for the third consecutive time.

The small-cap Russell 2000 Index soared 11.5% in the previous five trading days, ending its longest pump trend in four years, as investors regained interest in the more long undervalued stocks and zone in the stock market.

The Volatility index on the Chicago Options exchange market has reached its highest level in six weeks, indicating that investors' anxiety is intensifying.

Another report shows that the industrial output in June is twice the expected increase. The data is consistent with recent reports, indicating that despite signs of weakness in the US economy, its resilience will help the Fed to lower the inflation rate to the target of 2% without causing an economic contraction.

The Beige Book released by the Federal Reserve on Wednesday showed that economic activity in the United States expanded moderately from late May to early July, but there are signs that the job market remains weak.

According to the FedWatch tool from the Chicago Mercantile Exchange, the financial markets have already anticipated a 93.5% probability of the Federal Reserve cutting interest rates starting in September.

The escalating trade tensions have caused a drop in Asian stock markets, and the Japanese yen is pumping

On July 18th, Asian stocks fell on Thursday, with chip stocks leading the decline, as investors worried about the prospect of escalating trade tensions between the United States and China, while the yen soared to a six-week high after alleged intervention in Tokyo last week.

Due to the increased possibility of a rate cut in September by Federal Reserve officials, the US dollar has been hovering near its lowest level in four months against the Currency basket Exchange Rate, and the gold price has also remained near its historical high.

MSCI Asia-Pacific stock index fell by 0.57%; tech-heavy Korean stocks dropped by nearly 1%; Japan's Nikkei index fell by 2%. Due to investors awaiting news from the leaders' meeting, the Chinese stock market also experienced a decline, with the Shanghai Composite Index falling by 0.4%, and the Blue-Chip Stocks CSI 300 Index falling by 0.5%.

In the currency market, the US dollar is in a dilemma, with the exchange rate of the euro against the US dollar stable at 1.09385 dollars, close to the four-month high touched on Wednesday. The exchange rate of the pound against the US dollar is reported at 1.30065 dollars, close to the one-year high touched on the previous trading day.

In the commodity market, driven by a larger-than-expected decline in US crude oil inventories, oil prices rose slightly on Thursday. Brent crude oil futures pumped 0.2% to $85.21 per barrel, while US West Texas Intermediate (WTI) crude oil futures pumped 0.4% to $83.16 per barrel.

Gold price pump0.18%, to $2,462 per ounce, slightly below the historical high of $2,483.60 touched on Wednesday.

Author: Sherry S. & Icing. This article only represents the author's opinion and does not constitute any trading advice. This article is original, and the copyright belongs to Gate.io. Please indicate the author and source if you need to reprint, otherwise legal responsibilities will be pursued.