0xScope Newsletter #55: Thank You for Joining the AI Fest!
0xScope Newsletter #55: Thank You for Joining the AI Fest!
Also: Scopechat AI Trading volume has surpassed $500M, our research was recently featured on Cointelegraph, and more!
Successful 0xScope x Mantle AI Fest Ends
From all of us in the 0xScope team, we’d like to thank everyone who participated in the 0xScope x Mantle AI Fest campaign. Thanks to your support, we have hit these huge milestones on Scopechat and expanded its reach to more Web3 users.
This is just the beginning of 0xScope’s grand vision to become the AI backbone of the world’s biggest Web3 networks and projects. The recent collaboration with Mantle shows that 0xScope’s AI-powered solutions have boosted trading volume, on-chain activity, and other crucial metrics.
Note: Rewards will be distributed within 30 working days, pending final prize details from our event partners Mantle, Agni Finance, and iZUMi Finance. You can check your rewards on Scopechat’s Ai Fest page.
Scopechat AI Trading Hits $500M Volume
Just hours before the end of the AI Fest, Scopechat successfully hit the $500M volume milestone with its AI Trading solutions. We appreciate the thousands of Web3 users who tried Scopechat’s newest game-changing feature.
Scopechat AI Trading is our AI-powered crypto trading assistant's new, groundbreaking solution that empowers Scopechat users to leverage AI for executing on-chain transactions. This shows that using AI to trade has huge market potential.
Media Coverage on 0xScope’s Market Maker Research
Meanwhile, the 0xScope team looked into market makers’ activities during the recent market crash. We found that market makers have deposited 130,000+ $ETH to centralized exchanges. Over that time, $ETH crashed from $3,000 to $2,100. You can look into more details of our research in this document.
Read the Cointelegraph article here.
On-chain Data
Major market crash results in $17.2B exchange asset loss
This past week, Bitcoin plummeted from about $65,000 to below $50,000 on Monday, before recouping most of those losses in the succeeding days. Unsurprisingly, exchanges saw their asset values decline by a total $17.2B, with several exchanges registering double-digit losses. The worst-hit exchange this week was Binance US with a -23.73% change, while Bybit was the least affected, with a 6% decline.
Upcoming token unlocks for $SAND, $XAI
This week, the biggest token unlock comes from $SAND, with $51.22M scheduled for August 14. Other major unlocks include $7.88M in $XAI tokens on August 9, followed by $CYBER’s $5.68M on August 14.
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 bulls revisit $100K year-end target as BTC spikes over $62K - LINK
Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K? - LINK
Vitalik Buterin moves $8M Ether to new wallet — Possible donation ahead? - LINK
Animoca Brands’ 75% valuation markdown on secondary market signals NFT fatigue - LINK
FTX, Alameda ordered to pay $12.7B to creditors by U.S. judge - LINK
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