Total DeFi TVL has fallen below $70 billion, hitting a new low since February 2024.
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Midday Review: Shanghai Composite Index falls over 1%, dropping below 4000 points; Trading volume in both Shanghai and Shenzhen markets shrinks by over 570 billion yuan in the first half of the day.
According to Mars Finance, the market fluctuated and adjusted in the morning session, with the Shanghai Composite Index falling below the 4,000-point mark. The divergence between the yellow and white lines was obvious, with small and mid-cap stocks generally declining, and the micro-cap index falling by more than 3%. The combined turnover of the Shanghai and Shenzhen stock exchanges in the first half of the day was 1.63 trillion yuan, a decrease of 575.7 billion yuan compared to the previous trading day. Market hotspots were scattered, with over 4,700 stocks declining across the market. In terms of sectors, the semiconductor industry chain bucked the trend and strengthened, with semiconductor silicon wafer concepts performing actively, and Yanyou Silicon hitting the 20cm daily limit. The computing power chip concept fluctuated and rose, with Muxi Shares rising over 15%, and Wantong Development achieving two consecutive daily limits. The advanced packaging concept fluctuated and rebounded, with Dagang Shares and Huatian Technology hitting the daily limit. On the downside, the innovative drug concept fluctuated and declined, with Hainan Haiyao hitting the daily limit down. The non-ferrous metals sector weakened, with Huaxi Nonferrous Metals hitting the daily limit down, and Xiaocheng Technology, Hunan Baiyin, and many other stocks falling sharply. At the close, the Shanghai Composite Index fell 1.04%, the Shenzhen Component Index fell 1.02%, and the ChiNext Index fell 0.78%. (Cailian Press)
Data: If ETH falls below $1,709, the total liquidation intensity of long positions on major CEXs will reach $728 million.
According to ChainCatcher, Coinglass data shows that if ETH falls below $1,709, the total liquidation intensity of long positions on major CEXs will reach $728 million. Conversely, if ETH breaks through $1,888, the total liquidation intensity of short positions on major CEXs will reach $584 million.
The market capitalization of BSC chain's Meme coin (CZ) has fallen below $45 million, a 34.16% drop in the last 24 hours.
According to GMGN Odaily data, the market capitalization of BSC chain Meme coin CZ has fallen below $45 million, currently trading at $44.35 million, a 24-hour drop of 34.16%. Odaily Odaily reminds investors that the price of Meme coin fluctuates wildly, driven by market sentiment and trending events, and lacks real value support. Investors should be aware of the risks.
Data: If ETH falls below $1,683, the total liquidation intensity of long positions on major CEXs will reach $758 million.
According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,683, the total liquidation intensity of long positions on major CEXs will reach $758 million. Conversely, if ETH breaks through $1,859, the total liquidation intensity of short positions on major CEXs will reach $649 million.
Data: If ETH falls below $1,692, the total liquidation intensity of long positions on major CEXs will reach $549 million.
According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,692, the total liquidation intensity of long positions on major CEXs will reach $549 million. Conversely, if ETH breaks through $1,866, the total liquidation intensity of short positions on major CEXs will reach $463 million.
TRON DeFi Summer Drives Explosive Growth: USDD TVL on JustLend Has Exceeded $400 Million
PANews reported on July 7th that decentralized stablecoin USDD announced that within 48 hours of the launch of the TRON DeFi Summer event, it attracted over $100 million in net inflows, pushing USDD's TVL on JustLend past the $400 million mark, and its growth momentum continues to be strong. As previously reported, the TRON DeFi Summer officially launched on July 6th, with USDD, JustLend DAO, and Binance Wallet jointly launching a summer earning program. This event offers a total of $900,000 in rewards to participating users, running from now until August 5th at 07:59 (Singapore time). Users who purchase USDD through JustLend can enjoy the basic APY and participate in sharing a prize pool of 600,000 USDD.