A Whale/Institution Once Again Withdraws 7 Million FORM from Binance, Worth $18.85 Million

On July 8th, according to Coinglass data, if Bitcoin were to break through $110,000, the cumulative intensity of short liquidation on mainstream CEXs would reach 288 million. Conversely, if Bitcoin were to fall below $107,000, the cumulative intensity of long liquidation on mainstream CEXs would reach 209 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent reaching a particular price level will be affected. Higher "liquidation bars" indicate that when the price reaches that level, a more intense response will be generated due to a liquidity cascade.

On July 8th, based on HTX market data, Bitcoin experienced a rebound and reached $109,000. Currently, it is priced at $109,000 with a 24-hour change of 0.31%.

On July 8th, Andrei Grachev, the managing partner of DWF Labs, responded to the "Stablecoin USDF Temporary Depegging" issue. The stablecoin USDF has a collateral ratio with BTC of approximately 89% (about $565 million), and altcoins account for about 11% ($67.5 million). The reserve overcollateralization ratio is 116%, and each USDF minting must be backed by a stablecoin or an equivalent hedging position with no directional risk. The stablecoin USDF, under Falcon Finance, experienced a temporary depegging to $0.9432 and is currently trading at $0.9893, still in a slightly depegged state. USDF is a stablecoin launched by Falcon Finance and supported by DWF Labs.

On July 8th, the founder of Kaito, Yu Hu, made the latest statement this morning regarding Humanity's June 25th Kaito-related airdrop. He explained why some accounts, even if they were active users (yappers) or stakers, did not receive the allocation. The participation requirements are as follows: all users must complete the palm verification on the Humanity website before the airdrop check; stakers must link a wallet holding sKAITO or YT-sKAITO; active users must enter the claiming wallet address after the airdrop checker is released and before the claiming starts; the Humanity team implemented a strict anti-whale attack mechanism in the final allocation, mainly based on referral quality. Yu Hu stated that Kaito suggests that in the future, it will directly handle the final allocation of active users and the Kaito ecosystem to simplify the community claiming process. Crypto KOL AB Kuai.Dong (@_FORAB) disclosed relevant information indicating that Eclipse officials issued a list filte

On July 8th, the stablecoin USDF backed by Falcon Finance briefly deviated from its peg and was trading at $0.9432. Currently, it is trading at $0.9932. USDF is the stablecoin launched by Falcon Finance, and Falcon Finance is supported by DWF Labs.