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imToken Monthly | August 2024

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🫰 GM imToken fam!

July brings sunshine to digital asset space. The SEC gave green light to ETH ETF trading application, bringing digital assets into mainstream financial market. This led Bitcoin to soar to a high of $70,079, while Ethereum reached a peak of $3,562.

July was also an eventful month for us at imToken! Our Labs team delivered a keynote speech on "Multi-Chain Account Abstraction Analysis" at EthCC7. We also launched gratitude campaign for activation and spending offers for imToken Card and hosted several community events like ZK Summer AMA, Scroll airdrop winners, and Emoji expression design sharing.

Now, let's take a look back at these exciting moments!

🎉 imToken Highlights

imToken x EthCC Highlights

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From July 8 to 11, the Ethereum Community Conference (EthCC) took place in Brussels, Belgium, marking Europe’s largest annual Ethereum conference focused on technology and community.

Alfred, Blockchain Developer at imToken Labs, delivered a keynote speech on "Unveiling the Future: Multi-Chain Account Abstraction". He introduced concepts of ERC-4337 and Native AA (Account Abstraction) to audience, discussing key differences between 4337 standard on L1 and L2.

imToken Card Gratitude Campaign

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In July, imToken launched a limited-time offer for imToken Card. During the campaign, users enjoyed a 20% discount on imKey Pro hardware wallet with a minimum spend of S$80.

Additionally, imKey Pro was available for just S$8 for users who spent over S$800.

Click to learn more about imToken Card.

ZK Summer AMA Event

On July 2nd, imToken hosted ZK Summer AMA on 𝕏. The event featured core contributors from StakeStone and Pencils, who shared insights and discussed topics related to Ethereum liquidity staking.

Community Events

Scroll Airdrop Winners

Participants who completed StakeStone and Pencils staking tasks in imToken earned 3x bonus points from the project, boosting their chances of receiving the Scroll network airdrop.

Emoji Design Sharing

To celebrate World Emoji Day, our imToken Discord community designed and shared their custom emojis along with explanations. Participants earned XP points as rewards for their creativity!

🔥 Hot Picks

  • Sony to Relaunch Crypto Exchange Whalefin as S.BLOX in Japan
    Sony has acquired the Japanese subsidiary of Amber Group and plans to relaunch its cryptocurrency exchange, Whalefin, under the new name S.BLOX. This move marks Sony’s official entry into the cryptocurrency market, following its previous investments and partnerships in the Web3 space.
  • Circle Secures First Stablecoin License Under EU's New MiCA Crypto Rules
    Stablecoin issuer Circle has obtained an Electronic Money Institution (EMI) license compliant with Europe's MiCA regulations, allowing it to issue stablecoins pegged to the US dollar and euro within the European Union. This milestone makes Circle the first global stablecoin issuer to receive this license, potentially expandingits market share in the EU.
  • Bitcoin Drops Below $54K as Mt. Gox Transfers $2.6B in BTC
    On July 5th, Bitcoin's price fell below $54,000, its lowest point since February following a $2.6 billion Bitcoin transfer by Mt. Gox exchange. This move has raised concerns among investors about potential massive selling pressure.
  • Vitalik Buterin Reflects On Strengths, Weaknesses of Ethereum, 'Hardening' the Blockchain
    Ethereum co-founder Vitalik Buterin discussed Ethereum’s strengths and weaknesses at the EthCC conference and proposed ways to strengthen the blockchain's security. He highlighted Ethereum’s decentralized staking ecosystem and global community as key strengths but complexity of users independently staking and running nodes needs to be addressed. Additionally, Buterin suggested raising voting threshold from 75% to 80% to prevent network attacks.
  • Ether Fall Over 7.5% as ETHE Outflows Surge
    On July 25th, Ethereum's price dropped over 7.5% to around $3,100, mainly due to massive outflow of funds from Grayscale Ethereum Trust ETF (ETHE), which saw a net outflow exceeding $327 million since trading opened on July 23rd. Despite other ETH ETFs performing well, the overall market has been impacted by the decline in Nvidia’s stock price.
  • Bitcoin Rises to Nearly $70K After Trump's BTC 2024 Speech
    Bitcoin's price surged to nearly $70,000 on July 29 after Trump's pro-bitcoin speech at the BTC 2024 conference. Trump’s pledge to establish a national strategic bitcoin reserve and his commitment to never sell government-held bitcoin triggered a positive market reaction.

📚 imToken Content Learning

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💡 Partner Highlights Review

imKey Launches iTag Anti-Loss Device

During 15th imKey Secret Friends Day event, imKey team introduced iTag anti-loss device. This product helps users locate and find important items. During the event, customers enjoyed a 50% discount on purchases, and those who shared their experiences had the chance to receive a full refund.

Tokenlon's 30th Trading Mining Ends

Tokenlon successfully completed 30th phase of LON trading mining on July 22, 2024, with a total trading volume of 430 million US dollars and a total revenue of 893,300 USDT. They repurchased 639,300 LON tokens worth 609,400 USDT, with 255,700 LON transferred to the community treasury.

🚀 Wonderful First Look

In the upcoming version, imToken will further enhance the account management experience, such as supporting the addition of Bitcoin Testnet and Signet accounts, as well as claiming BTC test coins. In addition, welcome to join imToken X to follow our latest developments and update to the latest version in time.

Follow imToken’s Official Channels

Keep up with all the newest announcements, progress updates, and future roadmap by following along right here.