News

Foresight News reports that according to Bitget market data, DYDX has dropped over 40% in the past 24 hours and is currently quoted at 0.13 USDT.

ChainCatcher news, according to CoinDesk, Glassnode data shows that long-term holders of Bitcoin have shifted from net distribution to net accumulation, with the 30-day net position change having turned positive. The current scale of net accumulation is between 50,000 and 100,000 BTC. Glassnode noted that a sustained shift by long-term holders from net distribution to net accumulation typically occurs during periods of market weakness, as long-term investors progressively increase their holdings while short-term participants reduce risk. Based on the accumulation trend score, the smallest holders (less than 1 BTC) scored close to 0.8 to 0.9, medium holders (100 to 1,000 BTC) were also near this range, the groups holding 1 to 10 BTC and 10 to 100 BTC scored about 0.6 to 0.7, while the group holding 1,000 to 10,000 BTC scored about 0.5 to 0.6. The largest whales (over 10,000 BTC) remained close to neutral. Glassnode stated that synchronized accumulation across wallet sizes is a positive signal, but the largest holders have yet to start buying, so confirmation of a broad accumulation trend will require further observation.

Foresight News reports that the chain-abstracted stablecoin system River has launched its sixth season of points activities. The event period runs from July 1 to September 30. During this time, River will expand to other emerging markets and introduce new products. Users who use these new products will earn points. Users who stake RIVER can earn points and gain voting rights, and voting can provide additional bonus points. Partner activities will offer various multipliers for rewards. Supporting on-chain deployments of satUSD, providing liquidity, or depositing into integrated DeFi protocols will also earn points.