Arkham Announces Token Sale, Mantle Network Proposes $200 Million Ecosystem Fund

Market Update Equity indices are relatively flat to start this week’s trading, with the $SPY gaining 0.11% and $QQQ declining 0.21%. Small-cap technology stocks are outperforming today as the Nasdaq 100 has announced a “special rebalance” effective July 24th due to an overconcentration in the index. The rebalance will not add or remove any securities from the index and will redistribute the weightings. Crypto markets are showing minor gains, with both $BTC and $ETH gaining approximately 0.30%. Crypto investment products experienced inflows of $136 million last week, marking the third consecutive week of positive flows, totaling $470 million. The previous three weeks of capital inflow into crypto ETPs fully offsets the prior nine weeks of outflows, bringing the yearly total to a $231 million gain.Binance announced that the exchange would host the public token sale of Arkham ($ARKM) on its launchpad platform. The $ARKM token sale, set to take place on the Binance Launchpad, has a total hard cap of $2.5M, with each user capped at $15,000 or 300,000 $ARKM tokens. The total supply for Arkham is 1 billion, meaning that Binance's allocation of 50 million accounts for 5% of the total supply. The token launch will occur on Binance from July 17th to July 18th and requires users to