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Golem Dumps Ethereum
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/61c947fd-a9f7-43f8-833c-f945373c4dde/ethereum-down-1-768x403.jpg?t=1720476966)
💸 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.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | GMUSDC | 45.74% |
![]() | USDC | 42.63% |
![]() | MIMUSDCUSDT | 36.67% |
![]() | USDB | 32.12% |
![]() | IUSD | 30.80% |
![]() | NUSDC | 29.28% |
![]() | DAI | 27.98% |
![]() | GDAI | 25.92% |
+$600,000,000 in airdrops was lost | ![]() |
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That’s it for today’s edition! See you soon.
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