In early July, Abacus Market, the largest Bitcoin-enabled Western darknet marketplace, went offline.
TRM Labs suggests operators likely executed an exit scam, absconding with users' funds, though law enforcement seizure is also possible.

Twitter

Funds Rotate to Non-Fungible Token Sector! These 8 Well-Known Concept Coins Saw a Maximum Weekly Increase of 93%, While the Ace Project BAYC Only Rose 4%?
🔔Performance of 8 Non-Fungible Token Concept Coins in 7 Days:
#BLUR, +30%, Market Cap $280 Million;
#ME, +11%, Market Cap $140 Million;
#RARE, +11%, Market Cap $52 Million;
#PENGU, +11%, Market Cap $2.5 Billion;
#APE, +4.3%, Market Cap $560 Million;
#DOOD, +32%, Market Cap $42 Million;
#ANIME, +9.4%, Market Cap $200 Million;
#ZORA, +9...

These 8 well-known concept coins saw the highest weekly increase of 93%, while the ace project “Bored Ape” only increased by 4%?

According to Tokenomist, in the next 7 days, one-time large unlocks (unlocks exceeding $5 million) include <AVAIL> <VENOM> <ALT> <SAHARA> <SOON>; linear large unlocks in the next 7 days (daily unlocks exceeding $1 million) include SOL, WLD, TRUMP, TIA, Doge, TAO, AVAX, SUI, DOT, IP, MORPHO, Sei, ETHFI, JTO, NEAR, ENS, FIL, with a total unlock value exceeding $442 million.

Large amount of token unlocked this week

The pendulum of the cryptocurrency market seems to be swinging once again. After experiencing a historic Bitcoin rally driven by spot ETFs, the market's spotlight is quietly shifting. After reaching a high point since early 2021, Bitcoin's market dominance (BTC.D) has begun to decline, a subtle yet critical change that has countless traders and investors holding their breath, repeatedly asking the same question: Is the long-awaited <Altcoin Season> finally coming this time?

The Prelude to the Bull Market: A Familiar Melody of Capital Rotation
The evolution of the crypto bull market is not random, and often follows...