The SEC has approved Bitwise's amendment to its Bitcoin and Ethereum spot ETF regarding in-kind redemptions

On July 10th, according to official channels, the newly launched low-risk principal-guaranteed financial product "BTC Savings Earn" by OKX experienced a hot initial subscription. The 1000 BTC quota was sold out within just 5 hours after it went live. OKX will open a new limited purchase round today and tomorrow at 11:00, and the subscription quota will remain at 1000 BTC. It is reported that this product is the first BTC financial product in the industry, with a historical average annualized return rate of about 2.57%. It supports subscription and redemption at any time with zero fees and is designed for OKX VIP 1-8 users, suitable for long-term holders for stable value appreciation allocation.

On July 10th, as monitored by OnchainLens, a Whale/Institutional address sold 30,000 stETH and received approximately 85.42 million USDC in exchange. Subsequently, it deposited the 85.44 million USDC into Aave V3. It still holds 70,004 ETH, with a value of over $194.5 million. The relevant addresses are: 0xd8d041705735cd770408ad31f883448851f2c39d and 0x2aaf355c820676c104bd00ee6c506fa05998dda2.

On July 10th, based on official data, the "Enable WLFI Token Trading" proposal has been opened for community voting. The current approval rate is 99.93%, and the voting will end on July 17th. The objectives of the proposal are as follows: - Enable WLFI token trading to achieve broader community governance participation through peer-to-peer transactions or the secondary market. - Promote the transition of the WLFI ecosystem from closed participation to open participation. - Enhance the token's utility and use cases. - Initiate the next phase of community ownership and interaction. - Align long-term token incentives with protocol adoption and ongoing success.

On July 10th, according to the monitoring of crypto analyst AI Auntie @ai_9684xtpa, several on-chain addresses have exhibited large-scale ETH accumulation. The details are as follows: · The address 0x8C0...0F364 spent $25 million within the past 7 hours and purchased 9187.52 ETH at an average price of $2721 per ETH; · The address pfm.eth has accumulated ETH again after two months, buying 2900.5 ETH at an average price of $2766 per ETH, with a total value of $8.02 million; · The new address 0x35f...e48d4 has withdrawn a total of 32,565.59 ETH from Kraken in the past 9 hours. The total value is $89.25 million at an average price of $2740 per ETH.

On July 10th, the U.S. stock market closed on Wednesday. Initially, the Dow increased by 0.49%, the S&P 500 rose by 0.6%, and the Nasdaq went up by 0.94%. The established cryptocurrency stocks generally showed an upward trend. Some of the previously experiencing a sharp rise in crypto stocks had a pullback. These included: MicroStrategy (MSTR), which rose by 4.65% with a trading volume of $5.322 billion; MARA Holdings (MARA), which rose by 5.37% with a trading volume of $768 million; BTCS (BTCS), which fell by 29.44% with a trading volume of $1.13 billion; Bit Digital (BTBT), which fell by 4.01% with a trading volume of $3.25 billion; SharpLink Gaming (SBET), which rose by 4.73% with a trading volume of $9.59 billion; Bitmine Immersion (BMNR), which fell by 40.16% with a trading volume of $16.88 billion.

On July 10th, according to GMGN market data, USELESS witnessed a surge of approximately 50% within the past 24 hours, reaching a new all-time high. It is currently trading at $0.318. The market capitalization is currently reported to be $3.18 billion, with a 24-hour trading volume of $35.2 million.