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Project Overview
Zone (formerely Appzone) is a regulated blockchain network that enables payments and acceptance of digital currencies. It aims to connect every monetary store of value using blockchain and create one global network to pay anyone through any means and in any currency.
AI data center operator DataVita completes £300 million funding round with participation from ING and others
Odaily News: AI data center operator DataVita has announced securing £300 million (approximately $406 million) in funding to expand its artificial intelligence data center campus at the AI Growth Zone in Lanarkshire, Scotland.The funding was provided by a consortium consisting of ING, ABN AMRO, Spain's Santander Bank, the Scottish National Investment Bank, and Siemens Financial Services, with the UK National Wealth Fund guaranteeing £202 million of the loans.DataVita stated that the funds will be used to expand its existing DV1 data center and construct the new DV3 facility. Upon completion, both DV1 and DV3 will each provide 40MW of power capacity, adding a total of 80MW of new capacity. Currently, AI cloud computing provider CoreWeave has already pre-leased the full capacity of both data centers under a 15-year lease term. CoreWeave primarily provides computing infrastructure services to multiple leading AI model developers. (Bloomberg)
Analyst: $60,000 Could Become Bitcoin’s New Accumulation Zone; Cycle Bottom Watch at $48,000
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle remains around $48,000. Currently, Bitcoin’s post-adjustment seller risk ratio indicator shows that unprofitable supply is beginning to surpass profitable supply, and unrealized pressure on holders is rising significantly. Meanwhile, the Cumulative Value Destroyed Days (CVDD) valuation model indicates that Bitcoin’s structural bottom for this cycle is approximately $48,000.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Malaysian Police Raid and Dismantle Illegal Cryptocurrency Mining Site in Port Klang Free Zone
According to Malaysian media "New Straits Times", Malaysian police yesterday raided and shut down an illegal cryptocurrency mining den located in a warehouse at Pulau Indah, Port Klang Free Zone. During the raid, two foreign men aged 20 and 31 were detained, and mining equipment was seized. According to Malaysian law, this act violates the Penal Code and the Electricity Supply Act. If convicted, the two face ten years imprisonment and a fine of 100,000 Ringgit (approximately 24,500 USD).
Uzbekistan Establishes a Special Economic Zone Exclusively for Miners, with Tax Exemptions Extended to 2035
According to bits.media, Uzbekistan’s President Shavkat Mirziyoyev signed a decree establishing the Besqala Mining Valley Special Economic Zone in the Republic of Karakalpakstan. Miners operating within the zone will enjoy tax incentives, valid until January 1, 2035. The zone will be connected to a unified power system powered by renewable energy and hydrogen. Cryptographic assets mined within the zone may be sold or exchanged via domestic Uzbek exchanges or overseas platforms. Mining licenses will be issued by the State Agency for Perspective Projects. Currently, Uzbekistan mandates that cryptocurrency transactions be conducted exclusively through state-licensed service providers; peer-to-peer (P2P) transactions are explicitly prohibited by law, digital assets cannot be used for payment or settlement, and only legal entities are permitted to engage in mining activities. The country introduced its mining licensing regime in 2023, with the first license officially issued only at the end of February 2026.
Tempo’s Launch of “Zones” Feature Sparks Privacy Controversy; Enterprise-Grade Stablecoin Privacy Solution Criticized for Centralization
According to Cointelegraph, Tempo—a payment-focused Layer-1 public blockchain backed by Stripe and Paradigm—recently launched its new “Zones” feature, enabling enterprises to conduct stablecoin transactions within permissioned environments while maintaining interoperability with public-chain liquidity. This functionality is primarily targeted at use cases such as payroll distribution, fund management, and B2B settlements. However, the feature has drawn criticism from industry observers due to its operator-centric design. Each Zone is controlled by a single operator who can view all transaction data and has the authority to suspend users’ transfer or withdrawal privileges in accordance with compliance requirements. Critics argue that this introduces a trust assumption akin to that of centralized exchanges, thereby deviating from blockchain’s core trustless principle.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Analyst: Short-Term Holder Supply Share Continues to Contract, May Reflect Bitcoin Is in Opportunity Zone
CryptoQuant analyst Darkfost stated that the share of supply held by Short-Term Holders (STH) in the Bitcoin market is declining significantly, with the current distribution as follows: less than 1 day accounts for 1.2%, 1 day to 1 week accounts for 2%, 1 week to 1 month accounts for 5.6%, 1 month to 3 months accounts for 6.7%, and 3 months to 6 months accounts for 8.1%. He believes that this trend usually appears at the end of a bear market: on one hand, it indicates that the number of Long-Term Holders (LTH) is increasing, with fewer coins in active circulation in the market; on the other hand, it also indicates that new demand has not yet significantly returned.
Analyst: BTC Chip Concentration Rises to 14.8%, Entering High-Risk Volatility Zone
Odaily News: Crypto analyst Murphy stated that Bitcoin chip concentration has risen to 14.8%, approaching historical high-risk levels. Chip concentration alone cannot determine the future direction of BTC prices, but historical data suggests that when the curve begins to turn, if BTC prices have been rising previously, the probability of continued upward movement is higher; conversely, the probability of continued downward movement is higher.Currently, this indicator is still in an upward phase, so the direction of the next price swing cannot yet be determined. However, market data shows that as chip concentration continues to rise, potential volatility risks are accumulating, and the BTC market may face larger price fluctuations.
Analyst: Bitcoin MVRV Z-Score Hits Multi-Year Low, Market in Undervalued Zone but No Capitulation Signal Yet
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
Analyst: Bitcoin Long-Term Holder Loss Metric Nears 2018 Levels, Market May Be in Bottom Zone
Currently, the supply of Bitcoin held by long-term holders (LTH) at a loss has exceeded the level during the FTX collapse and is approaching the 2018 bear market phase. The current Bitcoin Realized Price is approximately $50,000. Historically, every cycle has retested the Long-Term Holder Realized Price, so there remains a possibility of retesting this level in the future.
Bank of America: Bull-Bear Indicator Rises to 9.6 Extreme Zone, Recommends Retreat or Rotation
According to Bank of America Securities' July 17 Flow Report, the BofA Bull & Bear Indicator rose from 9.4 to 9.6, further entering extreme bullish territory; historically, an indicator reading above 8.0 is a sell signal. Semiconductor ETFs have recorded year-to-date inflows of $46 billion, accounting for 31% of AUM, while tech funds saw record inflows of $48 billion over the past three weeks. However, the Philadelphia Semiconductor Index has fallen approximately 20% from its June highs, indicating a significant divergence between flows and prices. BofA believes the current market has entered a "topping" zone and recommends reducing equity exposure, retreating or rotating into duration, defensive sectors, high dividends, and the US dollar. The report also notes that investors' extreme optimism is built on three fragile assumptions: an economic "no-landing," the Fed will not raise rates, and hyperscalers will not cut AI capital expenditure—all three of which could be broken. BofA provides specific observation anchors: retreat if the Mag 7 Index (MAGS) falls below 65, while a breakthrough above 70 is the signal to re-enter.
Gnosis Chain Approved by GnosisDAO to Transition into EEZ Rollup, Becoming First Production-Grade Instance
Odaily News: GnosisDAO has approved the transition of the blockchain network Gnosis Chain from a standalone Layer 1 network to a zero-knowledge proof-based Ethereum Economic Zone (EEZ) Rollup. The network will eliminate its independent validator set and instead rely on Ethereum validators to settle transactions.The proposal received 123,158 GNO in favor, 115 against, and 151 abstentions, involving 54 participants with a total participation of 123,425 GNO, exceeding the quorum threshold of 75,000 GNO. The upgrade is initially planned to launch in late 2026 or early 2027, depending on the technical readiness of the EEZ.After the upgrade, Gnosis Chain's native smart contracts will be able to call Ethereum and use the returned results within the same transaction, while also accessing Ethereum mainnet assets and liquidity. Gnosis Chain will become the first deployed EEZ instance, retaining its existing applications, balances, and xDAI fuel token. (Cointelegraph)
Gate Event Market Launches Leaderboard Incentives, Esports Zone, and Top Five Leagues Campaign with a 200,000 USDT Prize Pool
Odaily News According to the official announcement, Gate's Event Market has recently launched a leaderboard incentive system, alongside the debut of an esports zone and the "Top Five Leagues Kickoff" campaign, further expanding diversified interactive scenarios such as sports and esports. The first phase of the points campaign will officially begin on August 17 at 18:00 (UTC+8). Users can participate after upgrading the Gate App to version v8.32 or above. The campaign adopts a "trade to earn cards—scratch cards for prizes—climb the points leaderboard—weekly settlement" mechanism. Users who complete valid event contract trades can earn scratch cards and have the opportunity to win USDT, event points, and experience vouchers. Additionally, the top 100 users on the weekly leaderboard will share the points prize pool based on their rankings.Meanwhile, the Gate esports zone aggregates popular tournaments such as Dota 2, League of Legends, CS2, and Valorant, providing centralized access to matchups, live scores, prediction odds, and trading information. It also supports event subscriptions and match start reminders, helping users easily browse and engage in event interactions.Furthermore, from August 12 at 16:00 to August 31 at 16:00 (UTC+8), Gate is hosting the "Top Five Leagues Kickoff Carnival" campaign with a total prize pool of 200,000 USDT. Users who participate in designated football event contracts can enjoy benefits such as kickoff gifts, loss compensation, and leaderboard rewards, further enhancing the interactive experience between football events and event contracts.
Gate Alpha Zone Meme coin MARVIN (7777) surges nearly 30% in 24 hours
Odaily News: According to official sources, the Gate Alpha Zone Meme coin MARVIN (7777) has risen 29.98% over the past 24 hours. MARVIN is one of Musk's pet dogs, with a birthday on November 1st. Musk has posted about the dog multiple times and even celebrated its birthday on November 1, 2023. Users can trade it seamlessly with one click on Gate Alpha.Gate Alpha now supports public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, Robinhood, and Berachain, and enables frictionless cross-chain token trading via a contract address search function.
BitMart Futures Stock Zone to List SOFIUSDT
according to an official announcement, BitMart Futures will list the SOFIUSDT perpetual contract on July 23, 2026, at 15:00 (UTC+8), supporting up to 20x leverage.
ForeGate Launches EWC Esports World Cup Themed Zone
Odaily报道, ForeGate, the next-generation event prediction trading platform globally endorsed by legendary footballer Michael Owen, has officially launched its EWC (Esports World Cup) themed zone. This zone covers all popular events of this year's EWC, offering real-time event tracking and AI-powered deep predictions.To coincide with the launch of the EWC zone, ForeGate has simultaneously initiated the "Esports Prediction Trading Competition" limited-time incentive event, with a total prize pool of up to 500,000 USDT. During the event, users can participate in trading to share the prize pool. The event runs from July 16, 14:00 to August 24, 16:00 (UTC+8). This move marks a further expansion of ForeGate's event prediction market ecosystem centered around high-frequency sports and esports. Currently, users can seamlessly access the platform directly through mainstream DApp wallets such as Binance Wallet and OKX Wallet.
BitMart's Contracts Stock Zone will list multiple perpetual contracts including CLSKUSDT, WULFUSDT, and others.
Odaily reports, according to an official announcement, BitMart Contracts will list the CLSKUSDT, WULFUSDT, FASTUSDT, KORUUSDT, MUUUSDT, and SOXSUSDT perpetual contracts on July 16, 2026, at 15:00 (UTC+8), supporting up to 25x leverage!
Related news
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
GnosisDAO Approves Transition of Gnosis Chain to Ethereum Economic Zone Rollup
According to Cointelegraph, GnosisDAO has passed the GIP-153 proposal, approving Gnosis Chain's transition from a standalone Layer 1 network to a zero-knowledge Ethereum Economic Zone (EEZ) Rollup. The network will eventually phase out its existing validator set and settle transactions directly on Ethereum, becoming a Layer 2 that relies on Ethereum validators for settlement.
Gnosis Chain Approved by GnosisDAO to Transition into EEZ Rollup, Becoming First Production-Grade Instance
Odaily News: GnosisDAO has approved the transition of the blockchain network Gnosis Chain from a standalone Layer 1 network to a zero-knowledge proof-based Ethereum Economic Zone (EEZ) Rollup. The network will eliminate its independent validator set and instead rely on Ethereum validators to settle transactions.The proposal received 123,158 GNO in favor, 115 against, and 151 abstentions, involving 54 participants with a total participation of 123,425 GNO, exceeding the quorum threshold of 75,000 GNO. The upgrade is initially planned to launch in late 2026 or early 2027, depending on the technical readiness of the EEZ.After the upgrade, Gnosis Chain's native smart contracts will be able to call Ethereum and use the returned results within the same transaction, while also accessing Ethereum mainnet assets and liquidity. Gnosis Chain will become the first deployed EEZ instance, retaining its existing applications, balances, and xDAI fuel token. (Cointelegraph)
AI data center operator DataVita completes £300 million funding round with participation from ING and others
Odaily News: AI data center operator DataVita has announced securing £300 million (approximately $406 million) in funding to expand its artificial intelligence data center campus at the AI Growth Zone in Lanarkshire, Scotland.The funding was provided by a consortium consisting of ING, ABN AMRO, Spain's Santander Bank, the Scottish National Investment Bank, and Siemens Financial Services, with the UK National Wealth Fund guaranteeing £202 million of the loans.DataVita stated that the funds will be used to expand its existing DV1 data center and construct the new DV3 facility. Upon completion, both DV1 and DV3 will each provide 40MW of power capacity, adding a total of 80MW of new capacity. Currently, AI cloud computing provider CoreWeave has already pre-leased the full capacity of both data centers under a 15-year lease term. CoreWeave primarily provides computing infrastructure services to multiple leading AI model developers. (Bloomberg)
Gate Event Market Launches Leaderboard Incentives, Esports Zone, and Top Five Leagues Campaign with a 200,000 USDT Prize Pool
Odaily News According to the official announcement, Gate's Event Market has recently launched a leaderboard incentive system, alongside the debut of an esports zone and the "Top Five Leagues Kickoff" campaign, further expanding diversified interactive scenarios such as sports and esports. The first phase of the points campaign will officially begin on August 17 at 18:00 (UTC+8). Users can participate after upgrading the Gate App to version v8.32 or above. The campaign adopts a "trade to earn cards—scratch cards for prizes—climb the points leaderboard—weekly settlement" mechanism. Users who complete valid event contract trades can earn scratch cards and have the opportunity to win USDT, event points, and experience vouchers. Additionally, the top 100 users on the weekly leaderboard will share the points prize pool based on their rankings.Meanwhile, the Gate esports zone aggregates popular tournaments such as Dota 2, League of Legends, CS2, and Valorant, providing centralized access to matchups, live scores, prediction odds, and trading information. It also supports event subscriptions and match start reminders, helping users easily browse and engage in event interactions.Furthermore, from August 12 at 16:00 to August 31 at 16:00 (UTC+8), Gate is hosting the "Top Five Leagues Kickoff Carnival" campaign with a total prize pool of 200,000 USDT. Users who participate in designated football event contracts can enjoy benefits such as kickoff gifts, loss compensation, and leaderboard rewards, further enhancing the interactive experience between football events and event contracts.
Analyst: Short-Term Holder Supply Share Continues to Contract, May Reflect Bitcoin Is in Opportunity Zone
CryptoQuant analyst Darkfost stated that the share of supply held by Short-Term Holders (STH) in the Bitcoin market is declining significantly, with the current distribution as follows: less than 1 day accounts for 1.2%, 1 day to 1 week accounts for 2%, 1 week to 1 month accounts for 5.6%, 1 month to 3 months accounts for 6.7%, and 3 months to 6 months accounts for 8.1%. He believes that this trend usually appears at the end of a bear market: on one hand, it indicates that the number of Long-Term Holders (LTH) is increasing, with fewer coins in active circulation in the market; on the other hand, it also indicates that new demand has not yet significantly returned.