Author: TechFlow
Yesterday's market dynamics
The market value of RWA assets on the chain exceeded 12 billion US dollars, setting a new record high
According to a report released by Binance Research on Friday, the total market value of on-chain tokenized real-world assets (RWA) has exceeded US$12 billion, reaching an all-time high.
Among them, the market value of tokenized Treasury funds (digital tokens of U.S. Treasury bonds) has exceeded US$2.2 billion, of which BlackRock's BUILD has a market value of nearly US$520 million and Franklin Templeton's FBOXX has a market value of US$434 million.
Binance Launchpool to List Catizen (CATI) on September 16
Binance will launch the 59th Launchpool project Catizen (CATI), a cat-themed gaming bot based on the Telegram mini-program platform. Users can receive CATI airdrop rewards by staking BNB and FDUSD for four days starting at 00:00 (UTC) on September 16, 2024. CATI will be listed on Binance at 10:00 (UTC) on September 20, 2024, and will support CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY trading pairs. The total supply of CATI is 1 billion, and the initial circulation is 305 million.
Upbit will list Nervos (CKB)
According to official news, Upbit will launch Nervos (CKB) at 16:00 Beijing time on September 13, supporting KRW, BTC, and USDT trading pairs.
Binance Announces Hamster Kombat Token Economics, 75% of Supply Used for Player Rewards in Seasons 1 and 2
Binance announced the token economics of Hamster Kombat, a TON ecosystem game. The total supply of HMSTR tokens is 100 billion, and the initial circulation when Binance launched is 64.375 billion. Of the total supply, 60% of the tokens will be used for player rewards in the first season, 15% of the tokens will be used for player rewards in the second season, 3% of the tokens will be allocated to Binance Launchpool, 4% of the tokens will be used for liquidity, 8% of the tokens will be allocated to the team, 4% of the tokens will be used for marketing, and 6% of the tokens will be used for cooperation and funding.
Renewable energy company Fuse announces $12 million in strategic financing led by Multicoin Capital
According to Coindesk, renewable energy company Fuse announced the completion of a $12 million strategic financing led by Multicoin Capital. So far, Fuse has raised a total of $90 million. The company plans to use this round of funds to launch Project Zero, a renewable energy decentralized physical infrastructure network (DePIN) project. Project Zero will use a token reward mechanism to encourage participants to produce renewable energy, shift electricity demand to renewable energy periods, support the use of electric vehicles, and install more distributed energy resources.
As an integrated energy company, Fuse provides distributed energy resource (DER) installation, power trading and power retail services. Currently, the company manages 18 MW of installed capacity and has another 300 MW of renewable energy projects under construction. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer.
Huobi founder Li Lin's family founded Avenir Group to establish a $500 million crypto quantitative fund of funds
According to TechFlow, on September 12, Avenir Group, the family office of Huobi founder Li Lin, established a crypto quantitative fund Avenir Crypto, with a first-phase fund size of US$500 million.
Pendle Co-founder: Developing BTC yield strategy and re-staking market, and estimates that potential TVL will increase by $10 billion
TN Lee, co-founder of Pendle Finance, said in an interview that Pendle is actively promoting two major plans: re-staking and Bitcoin yield strategies. If these plans are successfully implemented, it is expected to bring at least US$10 billion in total locked value (TVL) growth to the protocol.
TN emphasized that given that Bitcoin is the largest asset in the cryptocurrency market, even if it can only occupy 1% of its market share, it will bring considerable value growth to Pendle. He further explained that with the emergence of multiple L1 and L2 solutions, more and more users will seek to generate income from idle Bitcoin. Based on the current Bitcoin market value of about $1 trillion, 1% of the market share is equivalent to $10 billion in TVL.
OpenAI is negotiating a new round of $7 billion financing with the UAE Investment Fund, and the post-investment valuation may reach $150 billion
According to The Information, artificial intelligence company OpenAI is in talks with UAE investment fund MGX and other institutions to plan a large-scale financing round of up to US$7 billion. After this round of financing is completed, OpenAI's valuation may reach US$150 billion. In addition to MGX, existing investors such as Microsoft and Thrive Capital are also expected to participate. It is worth noting that due to the potential links between Middle Eastern investors and China and Russia, this financing may face scrutiny from US regulators. OpenAI is currently developing rapidly, but it is also consuming a lot of funds. This financing will be used to support its continued development and employee share repurchases.
Treasure DAO launches proposal to migrate from Arbitrum to ZKsync
On September 13, The Block reported that Treasure DAO recently issued a proposal to migrate its Web3 gaming ecosystem from Arbitrum to ZKsync. The proposal indicates that ZKsync is more "suitable" to meet Treasure's long-term plans for decentralized gaming. According to the statement, ZKsync said the vote will begin on September 17. If approved, Treasure's testnet will be transferred from Arbitrum to a new testnet on ZK Stack before launching the mainnet. Holders of Treasure's native token MAGIC will be responsible for deciding the migration plan.
DeFi lending platform Sky launches voting, may sell off all WBTC in the ecosystem
On September 13, Coindesk reported that the DeFi lending platform Sky (formerly MakerDAO) will vote on completely selling off Wrapped Bitcoin (WBTC) in the ecosystem. If passed, the proposal may affect about $200 million in DeFi loans in the Sky ecosystem. WBTC is a token that allows investors to use Bitcoin on other blockchains, with a market value of $9 billion, and plays an important role in DeFi lending.
Market dynamics
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