0xScope Newsletter #51: See You at EthCC
Also: Exchanges follow June's $35B net asset decline with another $5.5B so far in July, plus the latest Web3 news and what's in store for Infra Day next week.
Join us at Infra Day, EthCC Brussles!
Together with our friends at ABCDE, we have organized an AI summit during EthCC in Brussels on July 8. We aim to solidify important partnerships, strengthen our brand, and give our take on what’s happening in Web3 + AI. Register here to join us!
Infra Day is a special event just for builders and developers! We're setting up Core Dev sessions and Debates on hot topics like AI, Modularity, SVM, Memes & VC Coins, MEV, Parallel Execution, and more.
Here are just some of the events in store for you during Infra Day:
What's more likely to happen: Crypto empowering AI or AI embracing Crypto? Join our CEO Phillip Torres and other Web3 experts from io.net, Bagel Network, Spartan Labs, ZettaBlock, and Near Protocol in this exciting debate.
What's the latest on Crypto + AI? 0xScope Co-Founder COO Raffaele Ragini answers your burning questions:
🤝 How Crypto & AI boost each other
🏆 Top AI projects & fundraises
📈 How to trade tokens with AI
Witness all these and more at Infra Day. Join us by signing up here.
On-chain Data
Exchange assets drop by $5B as Bitcoin goes below $60K
After an alarming $35B decline in June, exchanges’ net assets continue trending bearish with a $5.5B decline this past week. All major exchanges are in the red regarding asset values, with the biggest declines seen on smaller exchanges like Binance US (-7.27%) and Bitget (-7.23%).
Upcoming Token Unlock for $GAL, $XAI
This week, watch out for the $6.76M token unlock for $GAL on July 5, followed by the even bigger $71.39M unlock for $XAI on July 9.
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcements
Subscribe to Scopechat Pro
Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!
Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).
Be the Next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
Bitcoin falls below $58K on Coinbase, first time in 2 months - LINK
Crypto liquidations top $200 Million as Ethereum, Bitcoin fall - LINK
Ethereum ETFs in ‘window dressing’ stage, approval in weeks — Galaxy - LINK
Pendle hit with $3bn drawdown as restaking airdrops fade - LINK
Miner capitulation signals Bitcoin's price may have bottomed - LINK
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