[Afternoon News Briefing] White House "First Cryptocurrency Policy Report Released on 7/22"

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White House to "Release First Cryptocurrency Policy Report on 7/22"

The White House announced that it will "release the first cryptocurrency policy report on July 22 (local time) this week, in accordance with Executive Order 14178 that went into effect last January," as reported by Cointelegraph via X.

24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Scale

The recent 24-hour cryptocurrency perpetual futures forced liquidation scale and liquidation rate are as follows:

BTC Liquidation Scale: $41.5 million, Liquidation Rate: Long 58.09%

ETH Liquidation Scale: $150 million, Liquidation Rate: Short 65.72%

Doge Liquidation Scale: $19.94 million, Liquidation Rate: Long 50.44%

Binance Removes Seed Tag for 5 Tokens Including BONK

Binance announced through its official website that it will remove the seed tag for BONK, Eigen Layer, ETHFI, Fuzzy Penguin, and Pepe on July 21.

WaveX Raises Investment from Sony Spark Fund

WaveX, a decentralized perpetual futures exchange based on Elysium, has raised investment from the Spark Fund of Sony Group's Layer 2 blockchain Sonium.

IOST Launches 'I Foundation' Focused on RWA Project Investment

IOST announced through its official channel the launch of the 'I Foundation' to lead the growth of the real-world asset (RWA) tokenization market.

Aspecta to Conduct ASP Token TGE on 7/24

The Token Generation Event (TGE) for the native token ASP of Aspecta, an AI-based decentralized identity (ID) solution project, will be held on July 24 at 19:00 (Korean time).

Major Token Unlock Schedule This Week...$19.22 Million AVAIL, etc.

IOTA: 7/23 09:00, 15.16 million tokens unlocked, $360,000

AVAIL: 7/23 17:00, 973 million tokens unlocked, $19.22 million

SOON: 7/23 17:30, 41.88 million tokens unlocked, $6.09 million

VENOM: 7/25 17:00, 59.26 million tokens unlocked, $13.04 million

ALT: 7/25 19:00, 240 million tokens unlocked, $8.83 million

SAHARA: 7/26 21:00, 84.27 million tokens unlocked, $7.09 million

Consensys-Linea to Launch DEX Etherex on 7/28

Consensys and its Layer 2 network Linea will launch a new DEX called Etherex on the 28th with Nile. Liquidity providers can receive REX tokens as rewards, which can be converted to xREX for governance voting.

Binance Alpha Adds YALA

Binance Alpha announced the addition of YALA on July 22 (local time). Some qualified users can receive YALA airdrop through Binance Alpha points.

Vitalik "50% of Stakers Approve Gas Limit Increase"

Vitalik Buterin, Ethereum (ETH) founder, stated on X that "50% of stakers have agreed to increase the Layer 1 network gas limit to 45 million".

Last Week's NFT Trading Volume Reaches $140 Million... Highest in 6 Months

The Block reported that last week's Non-Fungible Token trading volume exceeded $140 million, recording the highest level in the past 6 months.

Ethereum Lights 'NFT Torch' for 10th Anniversary

Ethereum announced the start of an NFT relay torch project with its community to commemorate the 10th anniversary of its network launch.

Ohio Public Employees Retirement System Repurchases Stratis Shares

The Ohio Public Employees Retirement System (OPERS) repurchased 21,499 Stratis shares through its Q2 financial statement disclosure.

Anonymous Whale Deposits 400 BTC to Binance

An anonymous whale address deposited 400 BTC ($47.11 million) to Binance in the past 6 hours, according to Amber CN.

People's Bank of China Maintains Benchmark Interest Rate

The People's Bank of China, the central bank, announced that it will maintain the Loan Prime Rate (LPR), which is effectively the benchmark interest rate, at 3% for 1-year and 3.5% for 5-year terms.

Major Global Macro Schedule This Week

- 7/21 10:15 China Loan Prime Rate (LPR)

- 7/22 21:30 US Federal Reserve Chair Jerome Powell Speech

- 7/23 02:00 European Central Bank President Lagarde Speech

- 7/24 21:15 European Central Bank Interest Rate Decision

Crypto 'Fear and Greed Index' at 71... Greed Continues

Alternative's fear and greed index dropped 1 point from the previous day to 71.

Bithumb Temporarily Suspends EGLD Deposits and Withdrawals

Bithumb announced a temporary suspension of EGLD deposits and withdrawals due to the Multiverse X (EGLD) network upgrade on the 24th at 18:00.

Altcoin Season Index at 53

CoinMarketCap's Altcoin Season Index recorded 53.

BTC Surpasses $118,000

According to Coinness market monitoring, BTC surpassed $118,000. BTC is trading at $118,006.21 on the Binance USDT market.

BTC Falls Below $117,000

According to Coinness market monitoring, BTC fell below $117,000. BTC is trading at $116,994.18 on the Binance USDT market.

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#NewsBriefing#USGovernmentPolicy#CryptocurrencyPolicy#WhiteHouse#Cointelegraph

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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