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The number of BONK holding addresses is about to surpass 1 million
On July 8, it was reported that the BONK community announced it is about to reach the significant milestone of one million BONK holders, with the current number standing at 949,892. When the number of holders reaches one million, one trillion BONK tokens—worth approximately $22.81 million—will be burned.
On July 8, it was reported that the BONK community announced it is about to reach the significant milestone of one million BONK holders, with the current number standing at 949,892. When the number of holders reaches one million, one trillion BONK tokens—worth approximately $22.81 million—will be burned.
Survey: Bank of Korea to Pause Rate Cuts in July
According to a report by Jinse Finance, all 33 economists surveyed by Reuters expect the Bank of Korea to keep its benchmark interest rate unchanged at 2.50% on July 10. However, they anticipate that rate cuts will resume next month to support economic growth in South Korea, where household debt remains high. Data from the South Korean government shows that in May, home mortgage loans increased by 5.6 trillion won ($4.1 billion), up from 4.8 trillion won in April. This rise may prevent the central bank from cutting rates consecutively, even though it remains on an overall easing path. (Jin10)
According to a report by Jinse Finance, all 33 economists surveyed by Reuters expect the Bank of Korea to keep its benchmark interest rate unchanged at 2.50% on July 10. However, they anticipate that rate cuts will resume next month to support economic growth in South Korea, where household debt remains high. Data from the South Korean government shows that in May, home mortgage loans increased by 5.6 trillion won ($4.1 billion), up from 4.8 trillion won in April. This rise may prevent the central bank from cutting rates consecutively, even though it remains on an overall easing path. (Jin10)
Japanese Prime Minister Shigeru Ishiba: Difficult tariff negotiations with the United States ongoing, no agreement reached yet
According to ChainCatcher, Japanese Prime Minister Shigeru Ishiba stated that Japan and the United States have engaged in tough negotiations over tariffs, but have yet to reach an agreement, as Japan believes it should not make concessions lightly.
Ishiba expressed regret over the U.S. announcement of increased tariffs and pointed out that through previous negotiations with the U.S., Japan successfully avoided tariffs rising to 30% to 35%. The U.S. has proposed to continue talks until the new deadline of August 1.
Ishiba emphasized that Japan will continue its dialogue with the United States in pursuit of an agreement that benefits both parties.
According to ChainCatcher, Japanese Prime Minister Shigeru Ishiba stated that Japan and the United States have engaged in tough negotiations over tariffs, but have yet to reach an agreement, as Japan believes it should not make concessions lightly.
Ishiba expressed regret over the U.S. announcement of increased tariffs and pointed out that through previous negotiations with the U.S., Japan successfully avoided tariffs rising to 30% to 35%. The U.S. has proposed to continue talks until the new deadline of August 1.
Ishiba emphasized that Japan will continue its dialogue with the United States in pursuit of an agreement that benefits both parties.
Data: A major whale unstakes and deposits 95,313 ETH into CEX over the past month, with potential losses reaching $40.41 million
According to ChainCatcher, as monitored by Ember, the last 3,631 ETH from a certain whale/institutional address were transferred out five hours ago. This means that all 95,313 ETH (worth approximately $234 million) redeemed from staking over the past month have now been moved into CEXs.
These ETH were staked last year, with an average price of $2,878 at the time of staking. The average price when transferred into CEXs after redemption was $2,454, resulting in a potential loss of up to $40.41 million.
According to ChainCatcher, as monitored by Ember, the last 3,631 ETH from a certain whale/institutional address were transferred out five hours ago. This means that all 95,313 ETH (worth approximately $234 million) redeemed from staking over the past month have now been moved into CEXs.
These ETH were staked last year, with an average price of $2,878 at the time of staking. The average price when transferred into CEXs after redemption was $2,454, resulting in a potential loss of up to $40.41 million.
A Major Whale Transfers All 95,313 ETH Redeemed from Staking to CEX Within One Month
According to Jinse Finance, on-chain analyst Yujin has monitored that five hours ago, the last 3,631 ETH in this whale/institutional address was also transferred out. This means that all 95,313 ETH (worth $234 million) redeemed from staking over the past month have been moved into CEXs. These ETH were staked last year, with an average staking price of $2,878. After redemption, the average price at which they were transferred into CEXs was $2,454 (UTC+8), resulting in a loss as high as $40.41 million.
According to Jinse Finance, on-chain analyst Yujin has monitored that five hours ago, the last 3,631 ETH in this whale/institutional address was also transferred out. This means that all 95,313 ETH (worth $234 million) redeemed from staking over the past month have been moved into CEXs. These ETH were staked last year, with an average staking price of $2,878. After redemption, the average price at which they were transferred into CEXs was $2,454 (UTC+8), resulting in a loss as high as $40.41 million.
The “evil” proposal to sell Gaza land through crypto tokens sparks strong opposition
According to ChainCatcher, citing a report from Decrypt, a plan involving the Tony Blair Institute proposes selling Gaza land through blockchain tokens. The proposal suggests paying 500,000 Palestinians to leave Gaza in order to attract private investors to help rebuild the region after Israeli bombings. The plan also recommends placing Gaza’s public land into a trust and selling it via “digitally tokenized blockchain transactions.” Gazans could place their private land into the trust in exchange for tokens, which would grant them housing rights.
This proposal has been strongly condemned by Palestinian activists, who consider the plan “not only shocking but also evil.”
The plan also includes building artificial islands in Gaza similar to those in Dubai, as well as a “blockchain trade initiative,” and even themed areas inspired by Elon Musk and Donald Trump.
According to ChainCatcher, citing a report from Decrypt, a plan involving the Tony Blair Institute proposes selling Gaza land through blockchain tokens. The proposal suggests paying 500,000 Palestinians to leave Gaza in order to attract private investors to help rebuild the region after Israeli bombings. The plan also recommends placing Gaza’s public land into a trust and selling it via “digitally tokenized blockchain transactions.” Gazans could place their private land into the trust in exchange for tokens, which would grant them housing rights.
This proposal has been strongly condemned by Palestinian activists, who consider the plan “not only shocking but also evil.”
The plan also includes building artificial islands in Gaza similar to those in Dubai, as well as a “blockchain trade initiative,” and even themed areas inspired by Elon Musk and Donald Trump.
Suspected Pump.fun Plans $600 Million Token Sale on Solana, Briefly Listed and Then Removed from an Exchange
On July 8, it was reported that Pump.fun, a meme coin launchpad on Solana, had originally planned to launch its own token sale later this week, but the plan has since been put on hold. According to a page from a certain cryptocurrency exchange, Pump.fun intended to offer 150 billion PUMP tokens for public sale, representing 15% of the total supply, priced at $0.004 per token, which would correspond to a fully diluted valuation (FDV) of $4 billion. However, after attracting significant attention on social media, the page has been taken down. Representatives from Pump.fun and the exchange did not immediately respond to Decrypt’s request for comment.
On July 8, it was reported that Pump.fun, a meme coin launchpad on Solana, had originally planned to launch its own token sale later this week, but the plan has since been put on hold. According to a page from a certain cryptocurrency exchange, Pump.fun intended to offer 150 billion PUMP tokens for public sale, representing 15% of the total supply, priced at $0.004 per token, which would correspond to a fully diluted valuation (FDV) of $4 billion. However, after attracting significant attention on social media, the page has been taken down. Representatives from Pump.fun and the exchange did not immediately respond to Decrypt’s request for comment.
A London-listed tech company increases its holdings by 226 BTC, bringing its total to 1,000 BTC
Odaily Planet Daily News: London-listed technology company The Smarter Web Company (AQUIS: SWC) announced on Monday that it has increased its holdings by 226.42 bitcoins, with a purchase amount of approximately £17.87 million (about $24.4 million), at an average price of £78,932 (about $107,726) per bitcoin. The company now holds a total of 1,000 bitcoins, with a total investment of £78.22 million.
Odaily Planet Daily News: London-listed technology company The Smarter Web Company (AQUIS: SWC) announced on Monday that it has increased its holdings by 226.42 bitcoins, with a purchase amount of approximately £17.87 million (about $24.4 million), at an average price of £78,932 (about $107,726) per bitcoin. The company now holds a total of 1,000 bitcoins, with a total investment of £78.22 million.
ByteDance Denies Oracle and Others Will Acquire TikTok's US Operations
According to Jinse Finance, on July 8th (GMT+8), there were reports that ByteDance had agreed to sell its U.S. TikTok operations to an American consortium led by Oracle, while retaining a minority stake. In response, ByteDance stated that this information is not accurate. (Yicai)
According to Jinse Finance, on July 8th (GMT+8), there were reports that ByteDance had agreed to sell its U.S. TikTok operations to an American consortium led by Oracle, while retaining a minority stake. In response, ByteDance stated that this information is not accurate. (Yicai)
Trump: Today’s Tariff Letter Is in Some Ways a Final Offer, but Open to Other Ideas
According to Jinse Finance, U.S. President Trump stated that the tariff letter sent today is, in a sense, the final offer. The August 1st deadline for trade negotiations has been made clear, but he remains open to other ideas.
According to Jinse Finance, U.S. President Trump stated that the tariff letter sent today is, in a sense, the final offer. The August 1st deadline for trade negotiations has been made clear, but he remains open to other ideas.