ETH falls below the $3550 mark

Large long liquidations often signal panic bottoms, while short liquidations may precede a squeeze.

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to 85.8 million US dollars. Among them, the outflow was mainly from FBTC, with a daily net outflow of 227 million US dollars; Next is ARKB, with a total of 9.8 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

BlockBeats News: On July 24th, according to @ martypartymusic, Solana Network increased block size by 20% yesterday based on the SIMD-0256 proposal. This upgrade will increase the block limit from 50 million computing units (CUs) to 60 million CUs, allowing each block to accommodate more transactions, thereby improving network throughput and overall performance. Users will clearly feel the increase in transaction speed.

According to Onchain Lens monitoring, 2 hours ago, market maker GSR withdrew 2708 ETH (worth 9.87 million US dollars) from Binance and transferred it to the 0xdE6 wallet. At present, the GSR associated wallet 0xdE6 (suspected ETH storage address) holds a total of 103822 ETH (worth $378.97 million).

On July 24th, Kara member Park Kyu ri faced more cryptocurrency related charges. Park Geun hye is accused of participating in the Pica Coin cryptocurrency fraud case involving Park Geun hye's ex boyfriend Song Zihao. Pica Coin is a low market value token with an art theme. Park Kyu ri stated in court that she did not participate in any illegal cryptocurrency schemes or manipulation of token prices. She claimed that during her tenure as "Chief Communications Officer and Advisor" at Pica, she only participated as an employee in the planning and promotion of art exhibitions and was not familiar with matters related to cryptocurrency assets. However, Seong Hae joong, CEO of Pica Coin, stated that Park Kyu ri's statements were untrue and that she had received cash compensation from Song. Currently, Song has been arrested on charges of fraud and breach of trust, with prosecutors accusing him of soliciting non-existent art investments and manipulating Pica Coin prices for personal gain.