Author: TechFlow
Yesterday's market dynamics
Vitalik: I have never hired a ghostwriter. I wrote all the tweets and articles.
Ethereum co-founder Vitalik Buterin responded to questions about his social media activity. Some people asked Buterin whether he personally responded to most reasonable comments and tweets, or if he had a team to handle it on his behalf. In response, Buterin made it clear: "I have never hired a ghostwriter, whether it is a long article or a tweet."
Binance: BNSOL is coming soon
After Binance officially tweeted that "BNSOL is coming soon", Sanctum replied with a handshake emoji, possibly hinting at the joint launch of a new liquidity staking token.
Coinbase International will launch BB, CFX and NEO perpetual contract trading pairs
According to the announcement of Coinbase International Exchange, Coinbase International Exchange and Coinbase Advanced will list perpetual contract trading pairs of BounceBit, Conflux and Neo. The BB-PERP, CFX-PERP and NEO-PERP markets are expected to open for trading on or after 9:30 UTC on September 5, 2024. The relevant tokens include BB, CFX and NEO.
DappOS launches Intent Assets, aiming to unify asset returns and usability
The Intent Execution Network dappOS announced the launch of Intent Assets, which aims to solve the problem of unifying asset returns and usability in the crypto industry. Intent Assets will allow users to use them directly on the chain seamlessly like native assets while obtaining returns under the premise of decentralization and non-custody. For example, intentETH can be used directly in DEX to add liquidity to ETH/USDT, or directly recharged to CEX transactions as ETH, and can also generate an annualized interest of 6-12% in real time. The first partners of Intent Assets include Pendle, Bouncebit, Monad, etc. Previously, dappOS has received investments from institutions such as Binance Labs and Polychain. The Intent Assets launched this time is one of the core application scenarios of its "Intent Execution Network".
Bloomberg: Pantera invested in TON tokens at 60% off the market price in May and had a 1-year lock-up period
According to Bloomberg, more than a dozen companies including Pantera Capital Management, Animoca Brands and Mirana Ventures have invested in Toncoin, and Telegram uses its blockchain to process instant payments and other services. People familiar with the matter said that Pantera is one of the largest crypto venture capital funds and invested more than $100 million in Toncoin earlier this year.
People familiar with the matter said Pantera invested in Toncoin at a 40% discount to the market price at the time. Based on the average price of $6.32 when the transaction was announced in May, the investment was still easily profitable. People familiar with the matter said Pantera has a lock-up period of one year, after which it can sell Toncoin in batches over several years.
Binance to launch CHESS/USDT perpetual contract with leverage up to 75x
Binance Futures has launched the CHESSUSDT perpetual contract at 07:30 (UTC) on August 29, 2024, with a leverage of up to 75 times.
SHRAPNEL: Control of the board of directors has been restored, and the game is scheduled to be officially launched in the first half of 2025
Web3 game developer SHRAPNEL released a community memo this morning to explain the company's recent situation. The company acknowledged that some employees had recently left, but emphasized that the core team remained at the top level in the industry. The memo mentioned that the company's legal disputes at the founder level are still ongoing, but control of the board of directors has been restored, and it said that the impact on the product team has been minimized. SHRAPNEL said that the current development focus is on improving the quality and usability of games, developing high-quality on-chain assets, and increasing the practicality of SHRAP tokens. The company plans to hold an extended early access event in the fourth quarter of 2024 to prepare for the official release of free games in the first half of 2025.
QCP Capital: Due to the lack of recent catalysts, the crypto market may continue to fluctuate in a range in September
The latest analysis by cryptocurrency trading firm QCP Capital points out that Nvidia's excellent earnings report released last night triggered a typical "sell news" reaction in today's cryptocurrency market. As a result, Bitcoin prices fell back to $59,000, while Ethereum traded sluggishly around $2,500. QCP Capital said that short-term implied volatility rose briefly after the spot price fell, but then fell back due to Nvidia's earnings report, falling about 10 percentage points from the peak. The risk reversal of Bitcoin and Ethereum still favors put options until October, indicating that the market remains cautious about downside risks. The company expects market volatility to continue to decline before the release of the non-farm payroll report next week as the market prepares for a possible interest rate cut by the Federal Reserve. QCP Capital believes that cryptocurrency prices may continue to fluctuate in a range in September due to the lack of recent catalysts.
AI L1 infrastructure Edge Matrix Chain (EMC) completes $20 million financing, led by Amber Group and Polygon Ventures
Edge Matrix Chain (EMC), incubated by Future3 Campus, announced the completion of a $20 million financing led by Amber Group and Polygon Venture, with participation from One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury and other well-known investment institutions. It is reported that Edge Matrix Chain (EMC) will use this financing to upgrade to AI Layer1 infrastructure and further accelerate the expansion and development of its ecosystem. EMC launched a two-month public testnet incentive plan on August 17. By participating in the testnet, you can get EMC tokens and experience innovative AI public chain technology. It plans to distribute a $5 million reward pool through a two-stage incentive plan.
BNB Chain launches the 8th season of the MVB Accelerator Program, application deadline is September 18
BNB Chain announced the opening of applications for the 8th season of the MVB (Most Valuable Builder) accelerator program. The program is jointly operated by Binance Labs and CMC Labs and aims to support the growth of projects within the BNB Chain ecosystem. This season of MVB will last for 4 weeks and the application deadline is 7:59 am on September 19, 2024, Beijing time. The program targets early teams building innovative Web3 projects on BNB Chain, providing tailored courses, fireside chats, one-on-one guidance, and free services worth up to $300,000. Last season, MVB received hundreds of applications, with an acceptance rate of less than 2%. Applicants must meet the following conditions: most of the business and transaction volume is conducted on BNB Chain, the smart contracts of the core business are deployed on BNB Chain, and the project tokens are initially issued on BNB Chain.
deBridge token DBR will be issued through Jupiter LFG soon, with a price of $0.025
The deBridge Foundation announced that it will issue DBR tokens fairly through the LFG (Launch Fair and Grow) mechanism on Jupiter Exchange. The issuance is designed to give priority to real users rather than MEV robots to participate in the bidding. DBR will be issued at a fixed price of $0.025, with an investment cap of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, with a total investment cap of 5 million USDC. deBridge will also provide 3 million USDC and 100 million DBR in the Meteora AMM pool as liquidity owned by the protocol, with an initial trading price of $0.03. 50% of DBR will be available at the token generation event (TGE), and the remaining 50% will be unlocked after 6 months. The LFG issuance will be carried out on the deBridge Foundation website and will last for 24 hours. The specific issuance time will be announced later. Earlier news, deBridge announced the establishment of the foundation and launched the DBR airdrop query page.
Alchemy acquires blockchain infrastructure provider Bware
Web3 development company Alchemy acquires Romanian blockchain infrastructure provider Bware. Bware’s team of 40 employees will join Alchemy’s product division. The valuation of the deal has not been disclosed. The acquisition will not affect Alchemy or Bware customers. In addition, Alchemy will not take over Bware’s INFRA decentralized network and its token.
Metis Foundation Partners with Gitcoin to Launch $4 Million Annual Grant Program
The Metis Foundation will work with Gitcoin to support its $4 million annual grant program, which aims to promote innovation and development in the Metis ecosystem. The first round of funding hosted by Gitcoin was launched today (August 29), distributing 3,000 METIS (equivalent to $100,000) through quadratic funding (QF). It is reported that QF is a crowdfunding mechanism that rewards projects based on the number of donors, and Gitcoin has allocated more than $60 million. Projects need to focus on the growth of the Metis ecosystem, and builders can apply for funding through Gitcoin and receive continued support.
Market dynamics
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