Overview of Key Overnight Developments on July 8

1. Tether is developing a decentralized AI model;

2. Large token unlocks for XAI, IMX, APT, etc. are scheduled for next week;

3. Guiyang plans to procure patent technology services for combating virtual currency crimes;

4. Bitcoin ETF investors bought the dip on Friday, with net inflows exceeding $140 million;

5. Mechanism Capital co-founder: Over 98% of altcoins have peaked in this cycle;

6. Thai police arrest scammers using a fake program called Tidex to defraud cryptocurrency;

7. Over 300 ETFs have been launched so far in 2024, with the four most successful being spot Bitcoin ETFs;

8. UniSat: Most of the development work for L1 Swap is complete, Fractal Swap is expected to launch in September;

9. Financial Times: Former President Trump may return to the White House, which could trigger a significant surge in Bitcoin value.