1. Ethereum L2 TVL plummeted to $38.13 billion
🍟The decline in 7 days exceeded 11%. The top three locked-in amounts were Arbitrum One with US$15.25 billion, Base with US$6.55 billion, and OP Mainnet with US$5.5 billion.
2. U.S. Congress aims to repeal Biden’s veto on SEC digital asset regulations
🍕The regulation involves SAB121, which requires financial institutions to include customer digital assets on their balance sheets, and Congress will vote on H.J. Res. 109 next week to overturn Biden's veto.
3. Bitcoin network transaction fees fall back to 6 satoshis per byte
🍔The medium/high priority transaction fee is temporarily quoted at 7 satoshis/byte. The fluctuation of transaction fees is often affected by market supply and demand and network congestion.
4. OSL announces plans to launch accumulation and tokenization funds
🌭OSL Digital Securities is the first Bitcoin and Ethereum ETF virtual asset trading platform and custodian for China Asset Management and Harvest International. The Bitcoin and Ethereum ETFs launched in Hong Kong account for more than 88% of the total market trading share.
5. Justin Sun: Airless stable transfer solution expected to be launched in the fourth quarter
🥪Aims to achieve transfer without paying gas fees. The stablecoin itself contains the relevant fees. It will be implemented on the Tron blockchain first, and then support Ethereum and all public blockchains compatible with the Ethereum virtual machine, promoting large companies to deploy stablecoin services on the blockchain.
