Brazil’s Petrobras uses Cardano to track sustainable aviation fuel, renewable diesel
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Kyle Samani predicts SOL flippening, claims ‘no one’ uses ETH
Multicoin Capital co-founder Samani expects SOL to surpass Ether’s market capitalization “this market cycle” and argues that “today, no one really uses Ethereum.”
Analysts: Stablecoin market capitalization shrinks by over $3 billion per month, Bitcoin's rebound lacks "fuel" support.
PANews reported on July 8th that CryptoQuant analyst Axel Adler Jr. stated that since mid-May, the stablecoin market has shifted from a source of liquidity to a source of liquidity depletion. The 30-day average inflow into stablecoin exchanges has fallen from $3.2 billion to $2.65 billion, 31% lower than the annual average of $3.86 billion; the combined market capitalization of USDT and USDC is shrinking at a rate exceeding $3 billion per month. The analyst points out that Bitcoin's 21% drop since mid-May is a direct consequence of this "fuel" shortage. Currently, the market is losing liquidity on two levels simultaneously: fewer new stablecoins are flowing into exchanges, and the dollar base itself is contracting. Improvement requires a reversal of both indicators—the 30-day average inflow returning above the annual average, and the monthly change in market capitalization returning to positive territory.
Cardano's ecosystem lending platform, Levvy, will cease operations at the end of July.
According to Foresight News , Levvy, a lending platform within the Cardano ecosystem, announced that it will officially retire at the end of July this year. The platform reminded its community users to transfer all assets and settle all outstanding loans before this date. Previously, Levvy announced its plan to sell the platform in May.
South Korean think tank: Chip boom offsets manufacturing weakness, South Korean economy still on recovery track
According to Odaily Odaily, a South Korean official think tank stated on Wednesday that the South Korean economy remains on a recovery track, with the booming chip industry offsetting the overall slowdown in manufacturing. The Korea Development Institute (KDI), in its monthly economic assessment report, noted that South Korea's exports continued their "strong" expansion, driven by robust demand related to artificial intelligence. South Korea's monthly exports surpassed the $100 billion mark for the first time in June, reaching $102.25 billion, a year-on-year increase of 70.9%, setting a new record. KDI stated, "Although the growth rate of semiconductor exports has slowed, export value remains strong, supported by continued price increases." Driven by surging demand for memory chips, semiconductor exports nearly tripled to $44.82 billion, marking the first time monthly exports have exceeded $40 billion. However, KDI noted a slight decline in manufacturing output as "the rapid growth momentum in the semiconductor sector has slowed, and other sectors remain sluggish." KDI added that high oil prices and a weakening Korean won against the US dollar could "continue to exert upward pressure on prices, increasing the risk of further interest rate hikes and thus dragging down the recovery in consumption." (Jinshi)
Kenyan regulators are tendering for blockchain tools to track crypto crime.
PANews reported on July 8th that, according to Decrypt, the Kenya Capital Markets Authority is tendering for a blockchain monitoring tool to track fraud, money laundering, and sanctions evasion on more than 20 public blockchains. This move aims to support law enforcement needs under Kenya's new crypto legal framework. The platform will automatically issue alerts for high-risk wallets, large transfers, coin mixers, Dark Web linked addresses, and sanctioned entities, and will screen transactions against UN and US Office of Foreign Assets Control sanctions lists.
"Whale Tracking" profited from its whale prediction on South Korean semiconductor stocks yesterday, yielding a daily profit of $1.01 million.
According to BlockBeats, on July 7th, Hyperinsight monitoring showed that as of press time, the whale (0x4c7) tracking the short Korean stocks during the "Week of Fate" yesterday still maintained its short position in semiconductors, with 6 short positions related to semiconductors, a total notional size of approximately US$31.029 million, and a total floating profit of approximately US$838,000. The profit and loss changes are mainly concentrated on two short positions in Korean stocks. At the time of yesterday's writing, the whale short positions in Samsung Electronics (SMSN) and SK Hynix (SKHX) totaled approximately $14.84 million, with a floating loss of approximately $638,000. After the decline in Korean semiconductor stocks today, the two short positions have turned into a combined floating profit of approximately $378,000, and the capital has recovered by $1.01 million. This address is currently increasing its short positions in Samsung. In the past half hour, this address has opened 1,612 short positions in Samsung, totaling 6,449,773 contracts, worth approximately $1,283,600. The relevant short orders are as follows: SK Hynix (4x Isolated margin): Size approximately $10.168 million, average price $1461.062, liquidation price $1724.93, unrealized profit approximately $173,000 (+6.7%). Samsung Electronics (4x Isolated margin): Size approximately $4.937 million, average price $200.906, liquidation price $233.54, unrealized profit approximately $206,000 (+16.0%). In addition, the address also added approximately $974,000 in short positions in NBIS and approximately $625,000 in short positions in the DRAM index during the same period. Previous report: "Whale Discovery" revealed that a major account short Korean semiconductor stocks during a "week of destiny," with short positions in Samsung and SK Hynix totaling $14.8 million.