According to BlockBeats, on July 23, the total value locked (TVL) in the Pencils Protocol within the Scroll ecosystem exceeded $300 million, making it the highest TVL DeFi protocol in the Scroll ecosystem. Additionally, Pencils Protocol leads in weekly and monthly TVL growth rates and incremental data within the Scroll ecosystem. Pencils Protocol is currently the largest native DeFi project in the Scroll ecosystem. It serves as a one-stop yield aggregator and auction platform based on Scroll, integrating functions such as Launchpad, unified asset aggregation and distribution, and leveraged yield. The protocol aims to maximize users' asset utilization.

On Jul 23, 2024, 08:32 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,510.219971 USDT, with a narrowed 0.75% increase in 24 hours.

According to Odaily, the European Union Agency for Law Enforcement Cooperation (Europol) has revealed in its annual analysis of the latest cyber threats to the EU that the number of AI-driven cybercrimes is expected to increase. In the '2024 Internet Organized Crime Threat Assessment' (IOCTA), Europol highlighted how artificial intelligence tools are enabling non-technical individuals to orchestrate complex online crimes. AI-generated deepfakes and fake advertisements are being widely used by malicious actors globally to target potential victims. The emergence of these tools is actively lowering the entry barriers for cybercrime. Consequently, Europol emphasizes the necessity of equipping tools to combat the misuse of technology and protect the EU's financial system.

In a recent post on X, renowned cryptocurrency analyst Willy Woo shared his insights on five macro signals for Bitcoin, identifying three bullish indicators and two bearish factors. Here’s a closer look at his analysis:Bullish IndicatorsEnd of Miners Capitulation:Woo considers the end of miners' capitulation a reliable bullish indicator. With miners no longer offloading their holdings, this suggests a stabilization and potential upward momentum for Bitcoin.Hash Rate Recovery:The Bitcoin network's hash rate is recovering, coinciding with the deployment of next-generation mining hardware such as the M66s and S21 Pros. Woo notes that the hash rate is set to increase significantly, indicating network strength and miner confidence.Puell Multiple:The Puell Multiple, which measures miners' relative profit to past revenues, has hit a crucial macro bottom. This two-part signal suggests:Macro bottoms occur when mining profitability is at its lowest.A signal bottom happens post-Bitcoin halving, when miner earnings are halved, setting the stage for a bull run.Woo asserts that miners are now poised to earn substantial profits, making it a good time to invest in mining operations.Bearish IndicatorsIncrease in Coins Entering Exchanges:A significant amount of Bitcoin, notably 50,000 BTC from Mt. Gox, is being moved to Kraken. This influx is being front-run by other large transfers, potentially increasing selling pressure.Ethereum Spot ETF Launch:The imminent launch of the Ethereum spot ETF could divert capital from Bitcoin ETFs to Ethereum ETFs. The extent of this shift is uncertain but represents a bearish risk for Bitcoin.Overall OutlookWoo concludes with an optimistic view, believing that the bullish factors outweigh the bearish ones. He notes that breaking the $73,000 level could trigger a short squeeze, propelling Bitcoin to $77,000 and beyond, entering a phase of price discovery.This comprehensive analysis by Woo provides a nuanced view of the current market dynamics, highlighting the interplay between fundamental strength in mining and potential short-term pressures from increased exchange inflows and the new Ethereum ETF.