Headlines
▌Robinhood may launch stablecoin
Robinhood CEO Vlad Tenev emphasized the huge efficiency advantages of blockchain and tokenization. Tenev believes that the next transformation of financial services will be that more and more traditional financial products will enter the blockchain, be traded and managed on the blockchain. Some observers speculate that Robinhood may launch a stablecoin because Tenev mentioned that overseas people want to use the US dollar and stablecoins are the easiest way to achieve this goal. Given that a large part of Robinhood's revenue comes from interest, this may make sense.
▌Analysis: Mt.Gox creditors’ repayment may be nearing completion
According to Arkham Intelligence, a wallet that may belong to BitGo received about $2 billion worth of Mt. Gox bitcoin and has now moved most of the funds to a separate wallet, a move that may indicate that repayments to Mt. Gox creditors are finally coming to an end. For much of July, Mt. Gox has been moving billions of dollars worth of bitcoin to designated cryptocurrency exchanges, including Bitbank, Kraken, Bitstamp, and SBI VC Trade, which are responsible for distributing the relevant BTC to Mt. Gox creditors.
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $60,591.91, with a daily change of +2.1%;
The latest transaction price of ETH is 2,703.62 yuan, with a daily change of -0.8%;
BNB's latest transaction price is $523.98, with a daily change of +1.0%;
SOL's latest trading price is $146.76, with a daily change of +0.3%;
DOGE's latest transaction price is 0.1064 yuan, with a daily change of -1.3%;
XPR recently traded at $0.5766, with a daily change of +1.4%.
policy
Coinbase executive: Canada needs to overhaul cryptocurrency regulations
Coinbase Canada Director Lucas Matheson appeared at the Blockchain Futurists Conference on August 13 to discuss the current state of digital asset regulation in Canada and promote the newly expanded Stand With Crypto program. Matheson believes that although Canada's regulatory framework is already robust, the country still needs to modernize crypto regulation. Matheson pointed out that 85% of countries will adopt a comprehensive digital asset regulatory framework in the next year and emphasized the importance of public dialogue in educating government officials on the importance of cryptocurrencies. Coinbase's Canadian director summarized the long-term goals of the Stand With Crypto advocacy: "Frankly, Canada has a lot of work to do in changing the law, and the goal is to change the law in Canada so that we can increase economic freedom and update Canada's financial system." Matheson ended his speech by instructing the audience to sign up to join the advocacy group.
Blockchain Applications
▌Four German companies including DZ Bank and G+D jointly launch offline M2M payment solution for tokenized deposits
Four German companies, DG Nexolution, DZ Bank, Festo and Giesecke+Devrient (G+D), have jointly developed a new prototype solution that supports offline machine-to-machine (M2M) payments using tokenized deposits. This technology is part of Industry 4.0 and allows companies to rent industrial machines on an on-demand basis rather than buying them outright. The solution aims to solve the problem of machines making payments in environments without internet connectivity, such as in underground mines or secure facilities. The system integrates two digital wallets and smart cards to transfer funds between machines to enable payments without human intervention.
Cryptocurrency
▌The US FBI "neither confirms nor denies" the records related to Satoshi Nakamoto
Investigative journalist Dave Troy said the FBI issued a "Glomar response" to its request for information about Bitcoin creator Satoshi Nakamoto under the Freedom of Information Act (FOIA), which "neither confirmed nor denied" whether relevant records existed. Troy said the FBI's response implied that Nakamoto was a "third party individual." He plans to appeal to try to obtain any information the FBI may have about Nakamoto.
The true identity of Satoshi Nakamoto has remained a mystery since the release of the Bitcoin white paper in 2008. Although some have speculated that early Bitcoin contributor Hal Finney may be Satoshi Nakamoto, there is no conclusive evidence to date. A similar FOIA request received the same response in 2018, showing that the FBI and CIA are cautious about recording the founder of Bitcoin.
43% of Meta ads related to the British Prime Minister are cryptocurrency scams
Fenimore Harper, an analysis agency founded by former members of the UK Treasury, found that 43% of all Meta ads based on British Prime Minister Keir Starmer since the UK general election are related to cryptocurrency scams. Cybercriminals used deep fakes of Keir Starmer in more than 250 Meta ads designed to defraud victims of cryptocurrency.
DRW Venture Capital holds over $195 million worth of crypto spot ETFs, of which ETHE accounts for over $150 million
According to the latest 13F form filed with the U.S. Securities and Exchange Commission, DRW Venture Capital, the venture capital arm of Chicago-based high-frequency trading firm DRW Holdings, disclosed that it currently holds at least $195 million worth of spot Bitcoin and Ethereum ETFs, which may be the company’s first foray into crypto spot ETFs.
Among them, more than $150 million of the product is Grayscale Ethereum Trust (ETHE). In addition, ETHE is its third largest holding, second only to funds tracking the S&P 500 index and gold trusts.
The firm’s investments in Bitcoin ETFs are relatively diversified, with holdings in Bitcoin ETFs issued by Ark and 21Shares, Bitwise, BlackRock, Fidelity and Proshares.
▌The US government address received a transfer of 0.17666 BTC this morning, worth about $10,700
According to Arkham data, at 2:31 Beijing time today, an unmarked address transferred 0.17666 BTC to the US government address, worth about $10,700.
▌Goldman Sachs currently holds $418 million worth of Bitcoin ETF
Bitcoin News on Platform X said that Goldman Sachs’ latest 13F filing shows that the company holds the following Bitcoin exchange-traded funds (ETFs):
iShares Bitcoin Trust: $238.6 million
Fidelity Bitcoin ETF: $79.5 million
Grayscale Bitcoin Trust: $35.1 million
Invesco Galaxy Bitcoin ETF: $56.1 million
Bitwise Bitcoin ETF: $8.3 million
WisdomTree Bitcoin ETF: $749,469
ARK 21Shares Bitcoin ETF: $299,900
In total, Goldman Sachs' investment in Bitcoin ETFs is approximately $418 million.
Important economic developments
▌BlackRock Chief Investment Officer: The Federal Reserve is expected to cut interest rates at its September meeting
BlackRock Chief Investment Officer Rick Rieder said he expects the Federal Reserve to cut interest rates at its September meeting.
▌The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 46%
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 46%, and the probability of cutting interest rates by 50 basis points is 54%. The probability of the Fed cutting interest rates by 50 basis points by November is 29.6%, the probability of cutting interest rates by 75 basis points is 51.2%, and the probability of cutting interest rates by 100 basis points is 19.2%.
▌Bostic of the Federal Reserve: Rate cuts are coming, and I hope to see more data
Federal Reserve Chairman Bostic said that the US economy is expected to normalize in the coming months; interest rate cuts are coming and he hopes to see more data; recent inflation data has strengthened his confidence that inflation will return to 2%; if the economy develops as expected, interest rates will be cut before the end of the year; the US is at a turning point where inflation is close to the target; he does not want the labor market to turn from hot to cold; a recession is not within his expectations.
Golden Encyclopedia
What is Zero-Knowledge Proof?
Zero-knowledge proof (ZKP) is a cryptographic method that allows multiple parties to verify the authenticity of a statement without revealing information other than the statement itself. Many blockchains leverage ZKP to improve the security of interactions involving sensitive data. As a result, participants in a blockchain with ZKP can interact with greater confidence because private information is less likely to be leaked or exploited by malicious actors.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.