Planet Daily | Biden tests positive for COVID-19, previously revealed that he would consider withdrawing if there were health issues; fees for 9 Spot ETH ETFs have been announced (7.18)

Headlines

Biden's COVID-19 test came back positive

According to CNN, Biden tested positive for the coronavirus and canceled a speech today.

Biden: Will consider withdrawing from the election if health issues arise

According to The New York Times, President Biden stated in a recent interview that if doctors directly tell him that his physical condition is problematic, he will reevaluate whether to continue his presidential campaign. This comment is the latest in a series of repeated explanations of the reasons that may cause him to reconsider. Biden also said for the first time that he originally wanted to "leave" the presidency and hand it over to someone else, but he decided to run again because he believes his "wisdom" and experience will help heal the country's increasingly deteriorating divisions.

Regulatory Trends

Hong Kong SpotBTC ETF total holdings exceed 5000 BTC

According to the data disclosed by HOD L1 5 Capital on X platform, the total position of SpotBTC ETF in Hong Kong has exceeded 5000 BTC, reaching a new historical high. The data shows that as of July 16th, the total position of SpotBTC ETF in Hong Kong reached 5022 BTC.

German law enforcement authorities announced that the 'urgent sale' of nearly 50,000 BTC has ended, with proceeds of $2.88 billion.

According to Decrypt, the German law enforcement agency disclosed that the "emergency sale" of nearly 50,000 BTC has ended, with sales revenue reaching 28.8 billion US dollars (26.39 billion euros), while the value of the related BTC confiscated by the German law enforcement agency was approximately 21 billion US dollars. The German law enforcement agency stated that these profits did not initially represent any additional income for the Free State of Saxony, but would be held in custody until the criminal proceedings are finally concluded.

It is reported that a total of 49, 858 BTC were sold between June 19 and July 12. This sale was coordinated by the Cryptocurrency Protection, Custody, and Use Central Office of the Saxony Police Department, the Dresden Prosecutor's Office, and the German trading company Bankhaus Scheich.

US Election

Polymarket's probability of Biden dropping out has risen to 65%.

Polymarket data shows that the probability of Biden dropping out of the US presidential race has risen to 65%.

Earlier reports said that Biden tested positive for COVID-19 and canceled a speech today.

Biden: Frustrated with Elon Musk's attempts to 'buy' the US presidential election

President Biden posted on social media X under Elon Musk's name, saying, "Musk and his group of wealthy people are trying to buy this election (U.S. president), which is annoying."

Details of the Trump shooting incident exposed again: The shooter was discovered by a sniper 20 minutes before firing.

The briefing on the Trump rally shooting in the US Senate has just ended. It is reported that the shooter of the rally had been to the rally site for reconnaissance a few days earlier, and the time interval between the shooter being photographed and considered suspicious and his shooting was 62 minutes. The time interval between him being spotted by a sniper and his shooting was 20 minutes. FBI Director Wray said that no foreign connection has been found with the shooter yet, nor has a clear motive been found. The shooter used encryption communication and almost did not use social media.

ETF Progress

9 SpotETH ETF fees have been announced

After various issuers successively submitted documents such as S-1/A for Spot Ethereum ETF to the U.S. SEC, the fees for the 9 Spot Ethereum ETFs have been announced. The specific data is as follows:

BlackRock SpotETH Ethereum ETF fees are 0.25% (0.12% for the first 2.5 billion USD), with the code ETHA; Fidelity SpotETH ETF has a fee of 0.25% (no management fee until 2024), with the code FETH; Bitwise SpotETH ETF has a fee of 0.20% (0% for the first $500 million or first 6 months) with the code ETHW. 21 Shares SpotETH ETF fees are 0.21% (0% for the first 500 million US dollars or the first 6 months), with the code GETH; VanEck SpotETH ETF fee is 0.20% (0% for the first $150 million or the first 12 months), with the code ETHV; Invesco Galaxy SpotETH ETF fee is 0.25%, with code QETH; Franklin SpotETH ETF fees are 0.19% (0% before January 21, 2025, or the first $1 billion), with the code EZET; Grayscale SpotETH Ethereum ETF fee is 2.50%, with the code ETHE; The Grayscale SpotETH Trust Mini ETF has a fee of 0.25% (0.12% for the first $2 billion or first 12 months), with the code ETH.

Bloomberg ETF analyst: Currently only missing the fee information for Proshares ETF

Bloomberg ETF analyst James Seyffart wrote that the fee information for the upcoming Spot Ethereum ETF next week is currently only missing for the Proshares ETF, with fees already disclosed for 9 out of the 10 ETFs.

Project News

The TON Foundation plans to launch BTC cross-chain bridges service TON Teleport BTC

The TON Foundation plans to launch BTC cross-chain bridges, TON Teleport BTC, which is a trustless bridge service designed to facilitate secure BTC transfers between the Telegram linked network. The TON Foundation states that this bridge service aims to enable BTC holders to participate in Decentralized Finance (DeFi) activities on TON while maintaining the security of their existing assets.

TON Technical Director Anatoliy Makosov said, "All transactions are executed through Smart Contracts and verified by TON Block Validators. Storing and using BTC on TON is as secure as on the BTC network itself, but with lower cost and greater convenience."

Aethir suspends the exchange with io.net Token and launches a $50 million community reward program.

According to official sources, Aethir announced the suspension of the $50 million Token exchange plan previously agreed upon with io.net. The Aethir Foundation has decided to launch the Aethir Community Rewards Program, distributing the originally allocated $50 million worth of ATH Tokens to loyal and active participants in the Aethir network to recognize their valuable contributions to the Aethir community and further incentivize people to continue participating in the Aethir ecosystem.

The distribution of the plan is as follows: (1) Checker Node License holder reward. A total of $20 million worth of ATH Tokens will be distributed to Checker Node License holders, and everyone is eligible to receive the minimum amount of ATH Tokens. Those who have invested at least 2500 ATH Tokens in each Checker License and have been invested since TGE will receive a bonus. Aethir will take a daily Snapshot to determine eligibility, and the final Snapshot will take place on July 23, 2024. (2) The yield of the ATH-AI staking pool is increasing. The remaining value of 30 million US dollars of ATH Token will be allocated to the ATH-AI staking pool within 24 weeks to increase the yield, and support the development of artificial intelligence applications on the Aethir network. Aethir said, the $50 million community reward program is an important milestone towards the future of cloud computing Decentralization, which can accelerate the rise and development of the Aethir ecosystem by realigning the resources originally used for io.net Token exchange.

Sanctum: The CLOUD Airdrop distribution query portal has been relaunched and 1000 eligible users have been added

Sanctum stated in a post on X that the CLOUD Airdrop distribution query portal on LFG has been relaunched, with an additional 1000 new users eligible for the Airdrop.

In addition, after fixing the Cupcakes EXP error, the allocation for non-Cupcakes holder may be slightly reduced, up to 3%.

zkLink: The first round of ZKL Token distribution for Novadrop will start on July 22nd.

zkLink announced on Platform X that the first round of ZKL Token distribution for Novadrop will start on July 22nd.

Earlier news, on June 3rd, zkLink announced the launch of TokenAirdrop NovaDrop's first round, Genesis. Eligible users will have 4 months to claim ZKL Tokens, with a total of 5% of the ZKL supply available for airdrop.

Character Voice

Vitalik Buterin: Oppose making political voting choices based on whether to support encryption

Ethereum co-founder Vitalik Buterin expressed opposition to making political voting decisions based on whether or not the candidate supports encryption. Supporting a politician should be based on their entire platform and views, not just because they support cryptocurrency.

Vitalik wrote in the article that the Cryptocurrency field is becoming increasingly active politically, and decisions are almost entirely based on whether political parties and candidates are willing to support Cryptocurrency with tolerance and friendliness. However, decisions made in this way are likely to contradict the values that initially brought you into the encryption field. In the encryption field, people often tend to excessively focus on the central position of money, as well as the freedom to hold and spend money (or Token). BTC is seen as an extension of the spirit of liberalism in the field of Internet payments. Vitalik believes that freedom is important, and the Decentralization network is good at protecting freedom. Money is an important area where this network can be applied, but it is just one of several important areas. Moreover, being friendly to Cryptocurrency now does not mean that it will still be friendly to Cryptocurrency in five years.

Bitwise CIO: Since the launch of the BTC ETF, the amount of BTC purchased is twice the amount mined by miners long

Bitwise Chief Investment Officer Matt Hougan said that since the launch of the spot BTC ETF, the number of BTC purchased by the related funds has reached about 263,965, while the BTC output by BTCMinerMining during the same period is 129,281. This means that the amount of BTC purchased by the BTC ETF since its launch is twice the amount of MinerMining.

In addition, since the launch of the ETF on January 11th, BTC has pumped about 40%, and since October 2023, BTC has pumped over 100%. It is expected that the impact of the ETF on Ethereum will be even greater.

Putin: Cryptocurrency Mining accounts for 1.5% of Russia's electricity consumption

Russian President Putin said that CryptocurrencyMining accounts for 1.5% of Russia's electricity consumption.

Sanctum founder: Understanding the disappointment of deposit users, absolutely no "rat trading" behavior

In response to the community's controversy over the transparency and fairness of the Airdrop, Sanctum founder FP Lee posted on X, saying: "This is my last response to the Airdrop. I know many deposit users are very disappointed, especially compared to those who obtained the Airdrop through non-deposit methods. They received a much smaller share of tokens and felt unfairly treated...I can deeply feel your pain. I want to express my sincere thanks to all those who silently support us. You are willing to invest hundreds of thousands of dollars into our protocol, which is our greatest honor..."

FP Lee added:"Airdrop definitely has no internal distribution. We don't know most of the users who qualify for Earnestness, but they have invested dozens or even hundreds of hours into Sanctum for free."