9.12 Let me briefly talk about the recent events that the cryptocurrency circle needs to know about.

1. Market expectations show that the interest rate cut in September this year may be less than 50 basis points.

2. Political events affecting Memecoin

Under the current political events, Memecoins around Trump have fluctuated sharply. After Harris participated in the vice presidential debate, these assets faced downward pressure, reflecting the correlation between political discourse and market sentiment in the crypto field.

3. Liquity V2 is about to be launched

As a major progress in DeFi, Liquity V2 will introduce a new LQTY staking module, and 25% of the income will be used to incentivize liquidity, reflecting the importance of DeFi's continuous development and adaptive strategies.

4i, Aave's consideration of Wrapped Bitcoin

Aave discussed integrating Coinbase's cbBTC as a wrapped Bitcoin solution, sparking a debate on the DeFi landscape. The initiative aims to connect traditional Bitcoin with DeFi applications, highlighting the efforts of DeFi platforms to solve complexity and risks.

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