Crypto Market Slips on July 8 as CODEX Jumps 955% and EVAA Surges 157%
The crypto market fell 1% on July 8, with the Fear & Greed Index at 20. Bitcoin dropped to $63,315.67, Ethereum fell to $1,769.17, while CODEX and EVAA posted outsized gains.

The crypto market fell 1% on July 8, with the Fear & Greed Index at 20. Bitcoin dropped to $63,315.67, Ethereum fell to $1,769.17, while CODEX and EVAA posted outsized gains.

Major cryptocurrencies traded lower over the past 24 hours, with Bitcoin, Ethereum, XRP, Solana, and Dogecoin all posting losses. Dogecoin saw the sharpest drop among large caps, while several smaller tokens rallied strongly.

Binance’s latest Alpha Box airdrop featuring RION, ROLL, and EVAA is live, but users are questioning its fairness. Complaints focus on the 228-point entry threshold, first-come-first-served access, and random reward tiers that can produce sharply different outcomes.

Global crypto market cap hits $2.35T, up 1.5%. EVAA leads gainers with 58% spike; Audiera drops 25%. Nigeria passes bill second reading, Spain CNMV sets June 30 deadline, U.S. introduces crypto theft task force bill.

Bitcoin has rebounded toward $63,000, but altcoins are moving on token-specific catalysts. Cash Cat surged 1,193% on Robinhood Chain hype, while EVAA and Zcash also gained. On the downside, LAB plunged 76.7% amid insider supply allegations and a large token unlock.

Bitget has introduced a time-weighted trading coefficient to its CandyBomb spot campaign, according to an official announcement cited by Odaily. Under the new setup, users who trade earlier receive a higher time bonus coefficient, which raises the amount of candy rewards they earn. After a user completes the daily trading task, the system first calculates the base candy amount under the existing rules, then applies the coefficient for that trading day. The final reward is calculated as the day’s base candy multiplied by the day’s weighting coefficient, with exact figures shown on the campaign landing page. At the same time, Bitget has launched the EVAA CandyBomb event. Users who complete the specified spot trading tasks can join a prize pool worth 80,000 USDT. Bitget said further details are available on its official platform.

DeFiLlama's weekly TVL growth ranking shows Stakee ($Stakee) leading with $35.3M TVL and +89.7% increase. FHE, STON.fi, Beethoven X follow. The data indicates capital flowing to high-growth protocols while established ones maintain large absolute TVL.

DeFiLlama's weekly report shows Stakee ($Stakee) topping the TVL growth chart with $35.3M and +89.7%. FHE, STON.fi, and Beethoven X also posted strong gains, highlighting robust capital flows in DeFi.
