Coinbase Launches Fiat Onramp API, Supporting Apple Pay

On July 9th, as per Cointelegraph, the DeFi asset management protocol Velvet Capital declared the accomplishment of a funding round amounting to $3.7 million. The investors comprised YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, DWF Ventures, and others. It is reported that this funding will offer frictionless portfolio management and trading for funds, DAOs, and individual traders while facilitating its governance and utility token.

On July 9th, on-chain analyst Ai Yi (@ai_9684xtpa) stated that this BR sell-off does not seem to be the behavior of the project team. Firstly, in terms of motivation - with the precedent of the ZKJ crash, such an obvious move is too "bold". This large-volume wash trading personally appears to be more related to a previous contract/spot. Secondly, in terms of data - the main liquidity address of the project team still holds $4.685 million in liquidity, with the last operation on July 7th, and there was indeed no activity during the crash. The three main sell-off addresses in the million-dollar range are all newly created addresses from two weeks ago. After withdrawing funds from the exchange between June 24th and 28th, they immediately started large-scale BR positions, with a clear intention and a single source of funds. The address 0x58 from the TOP4 sell-off addresses has relatively more information. The source of funds can be traced back to as early as 2017, with interactions with

On July 9th, Binance Alpha initiated RCADE.

On July 9th, Bedrock tweeted and said, "We have noticed significant price volatility in BR. We encourage the community to stay rational and be cautious when trading or providing liquidity."
Bedrock will always be dedicated to long-term development. The official PancakeSwap liquidity pool address has been disclosed to accept community supervision and feedback. We are committed to maintaining this liquidity pool in the near future to support the stability of BR, the development of the BNB ecosystem, and the long-term growth of Alpha.
Earlier reports indicate that according to the on-chain analyst Ai Auntie (@ai_9684xtpa), by monitoring the OKX liquidity panel, it was found that 26 addresses withdrew $47.59 million in liquidity within just 100 seconds. There were 3 addresses at the million-dollar level and 13 addresses at the $500,000 level engaging in large-scale selling, resulting in a sudden liquidity drain and a price collapse. Before the price plunge, the BR liquidity e

July 9th, Focus of the Federal Reserve June Meeting Minutes: · Probability of a July Rate Cut: Both Powell and Bowman, who were appointed during the Trump 1.0 era, have signaled that they will contemplate a rate cut at the July meeting, and the impact of tariffs on prices may be of a transient nature. · End of the Watchful Waiting Period in Summer and Likely Rate Cut in September: The meeting minutes may imply that "the rate path will hinge on the data released in June, July, and August," and the "watchful waiting" period may conclude at the end of summer. The minutes may indicate that the Committee anticipates having the requisite data to make a rate cut decision prior to the end of summer. If the conditions align with expectations, this will reinforce the market's expectation of a rate cut in September. · Lowering the Threshold for Rate Cuts: The June meeting minutes of the Federal Reserve may exhibit a more dovish tone. Chairman Powell tended to employ neutral language during the

On July 9th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), based on the OKX Liquidity Panel, 26 addresses withdrew a total of $47.59 million in liquidity within just 100 seconds. Among them, 3 addresses were at the million-dollar level and 13 addresses were at the $500,000 level, conducting large-scale sell-offs. This led to a flash crash due to insufficient liquidity. Before the price plummet, the BR liquidity exceeded $60 million, but now only $14.56 million remains.