Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens

According to Foresight News, zerolore, co-founder of USDT0, tweeted that the issuance of USDT0 deployment on Unichain has exceeded 200 million for the first time, and Unichain is also the third largest chain in terms of inbound and outbound volume in the USDT0 network (after Ethereum and Arbitrarum deployment).

Odaily Planet Daily News: CryptoQuant analyst Axel Adler Jr analyzed in an article that the current market is experiencing a typical Bollinger Bands squeeze phenomenon, and the range between the upper and lower tracks has dropped to 7.7%, which is one of the lowest values in this bull market cycle. Analysts say that this decrease in volatility indicates that the market is accumulating energy and prices are ready to enter the upward phase. In an upward trend environment, the likelihood of an upward breakthrough is significantly higher. Axel pointed out that there have been six significant instances of Bollinger Bands squeezing during this bull market cycle. After four squeezes, there was an immediate increase in prices, while the other two experienced slight adjustments before recovering growth. Based on these experiences, the current squeeze state is likely to indicate another wave of upward momentum, although there may be slight consolidation before that.

KuCoin CEO BC Wong stated that he discussed the development of RWA and stablecoins with multiple founders. He emphasized that building trust relies on rules and regulations, and cited BCG's prediction that by 2030, the scale of tokenized RWAs may reach $16 trillion. But he pointed out that if the infrastructure such as stablecoins is not stable enough, this potential may not be realized. At the same time, he believes that the industry is still in its early stages and needs to be developed in the right way. However, on chain detective ZachXBT questioned this, stating that KuCoin had repeatedly ignored formal requests from law enforcement agencies and did not take freezing measures when stolen funds were transferred to its exchange in major incidents, questioning its statement of "building trust through compliance".

BlockBeats News: On July 8th, @ SolportTom, founder of Letsbonk. Fun, a Meme distribution platform, announced in a post that Letsbonk. Fun has officially obtained the domain name "bonk. fun" and has recently used the official domain name "LetsBONK. fun". They have started redirecting it to the correct domain name before fully switching.

According to Paidun Monitoring, the Ethereum Foundation development team internally transferred 1000 ETH (worth approximately $2.55 million) to the associated addresses 0xc061... 0B6d. The address currently holds 13000 ETH (worth approximately $33 million). Subsequently, addresses 0xc061... 0B6d transferred 7000 ETH (worth approximately $17.56 million) to Gnosis Safe proxy addresses 0x247B... 583c.