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Mark Karpeles, the former CEO of the now-defunct crypto exchange Mt. Gox, intends to launch a new trading platform named EllipX, with a focus on transparency and user-friendliness. This new exchange is set to begin operations in Europe by the end of this month, with its base in Poland. 
A growing number of Ethereum users are turning to private transactions, which now make up approximately 30% of all activities on the blockchain. The gas consumption for these private operations has surged to 50% of the total network usage. This trend is driven by the desire to avoid MEV trading bots, which capture transactions for rapid profit. 
Irene Zhao: Model’s Career in Crypto and Public Controversies
Irene Zhao is a Singapore-based Instagram model and a crypto influencer. She got into crypto in early 2022 when her NFT collection, IreneDAO, had a successful launch with over $5.5 million trading volume, according to data from OpenSea. IreneDAO NFTs drew the attention of YouTuber Logan Paul, who bought around 20 pieces for around $270,000. 
What Is Exit Liquidity?
The concept of exit liquidity is used everywhere in finance. Liquidity, in general, means the ease with which an asset can be traded in the market without having a large impact on prices. High liquidity means there are a large number of assets available in the market and trading activity allowing people to enter and exit positions easily. 
What Does Jeet Mean in Crypto?
Jeet, short for Just Exit Early Trader, describes a person and a behavior in crypto trading. According to Urban Dictionary, jeet is “someone who sells pretty much no matter what.” To jeet means to sell assets quickly. The word often appears in forums as a part of crypto slang terms. 
The Australian Securities and Investments Commission (ASIC) won a legal battle against Bit Trade Pty, the local operator of the Kraken exchange. The court found that the company violated regulations by offering margin trading services to Australian clients without the necessary registration since 2021. 
July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion. 
