Golem Dumps Ethereum

Alpha Team
July 08, 2024

💸 Golem Moves $100M in Ether to Exchanges

Golem's Significant ETH Transfers: Golem, an early Ethereum ICO, has sent over $100 million in ether (ETH) to exchanges in the past month, potentially increasing market selling pressure. Most transactions are below $10 million, sent daily.

Ethereum's Recent Price Movement: Over the past 30 days, Ethereum's price has fluctuated around $3,000, experiencing a decline of about 17%. This drop reflects market volatility and broader economic factors affecting the crypto space.

Golem's Response to Community: Golem tweeted that development is their top priority. They aim to support Ethereum and plan to solo stake a significant portion of their ETH treasury. Read More.

️ On today's Top Picks:

📉 German Government sells ~16K Bitcoin worth ~$900M.
🚀 Fuel launches Points Program for future incentives.
📸 Zircuit snapshots Season 1 Points as Season 2 begins.
🔓 Xai $XAI token unlock worth ~$60.8M on July 09th.

Read time: ⏰ 5 minutes

Crypto News

• ⭐️ Golem $GLM sends ~$100M of Ethereum $ETH to exchanges in the past month.

• ⭐️ German Government sells ~16K Bitcoin $BTC worth ~$900M.

• Justin Sun $TRX to develop solution enabling gas-free stablecoin transfers.

• Binance to delist BarnBridge $BOND, Dock $DOCK, Mdex $MDX, & Polkastarter $POLS on July 22nd.

• Multicoin Capital to donate up to $1M to pro-crypto US Senate candidates.

• Samourai Wallet co-founder to contest charges & to be released on bail.

Alpha

• ⭐️ Fuel launches Points Program for future incentives as Mainnet approaches.

• Puffer Finance introduces UniFi, Puffer’s Based Rollup.

• ⭐️ Zircuit snapshots Season 1 Points as Season 2 begins with Mainnet approaching.

• Taiko launches Trail 4 of Trailblazers: Call of Taiko campaign.

• DeBank launches initial XP claim for active addresses.

Airdrops

• Weekly Claims, Checkers & News by Earndrop.

• EtherFi releases $ETHFI Season 2 Airdrop eligibilty & allocation checker.

• BNB Chain Airdrop Alliance distributes Chapter 3 points.

• Potential TGE Projects in H2 2024 by Wu Blockchain.

• Solayer restaking network on Solana by Alpha Insiders.

• US to release June CPI on July 11th & June PPI on July 12th.

• Bitfarms $BITF appoints new CEO amid dispute with RIOT Platforms $RIOT.

• Metaplanet acquires another ~42 Bitcoin $BTC, now holds ~203 Bitcoin.

• TD Bank's $TD chief compliance officer departs amid US anti-money laundering probe.

Security and Exploits

• ImmuneFi & Ethereum Foundation collaborate to launch audit competition.

• Pink Drainer associated address loses 10 Ethereum $ETH due to address poisoning.

• Apple removes 25 VPN apps from Russian App Store following government request.

Token Unlocks

⭐️• Xai / 198.4M $XAI / ~$60.8M / JUL 09
• dYdX / 1.55M $DYDX / ~$1.9M / JUL 09
• Moonbeam / 3.04M $GLMR / ~$578K / JUL 11
• IO / 2.11M $IO / ~$4.4M / JUL 11
• Immutable / 32.47M $IMX / ~$38.3M / JUL 12
• Aptos / 11.31M $APT / ~$63.2M / JUL 12
• Ethena / 14.89M $ENA / ~$5.6M / JUL 14
• Optimism / 10M $OP / ~$13.8M / JUL 15
• Starknet / 64M $STRK / ~$34.4M / JUL 15
• Cyber / 886.12K $CYBER / ~$3.5M / JUL 15

Funding

• Fundraising: Last Several Days in Crypto by AlphaPacked.

• Questflow, a decentralized AI Agentic Workflow Network, raises $1.5M in Angel Funding led by MiraclePlus.

• Ampleforth raises $1M in Strategic funding from Coinbase Ventures.

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Umami Finance (Arbitrum)	GMUSDC	45.74%
Avantis (Base)	USDC	42.63%
Abracadabra Spell (Arbitrum)	MIMUSDCUSDT	36.67%
BFX (Blast Futures) (Blast)	USDB	32.12%
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Gains Network (Arbitrum)	DAI	27.98%
Pendle (Arbitrum)	GDAI	25.92%