Headlines
▌Musk pinned a picture with the word "DOGE" and the caption "Department of Government Efficiency"
Elon Musk posted a picture with the word "DOGE" on Twitter on X, with the caption "Department of Government Efficiency" (D.O.G.E). Trump previously said that if he wins the election in November, he will set up a government efficiency committee led by Musk. Musk said on the social platform: "If I have the opportunity, I look forward to serving the United States. No reward, no title, no recognition."
▌Fractal Bitcoin mainnet is now live
UniSat announced on the X platform that the Fractal Bitcoin mainnet is now online. Users need to update to UniSat Extension v1.4.6 to access it. More features will be launched later.
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $54,519.32, with a daily change of +0.9%;
ETH's latest transaction price is 2,288.49, with a daily change of +1.04%;
BNB's latest transaction price is $496.01, with a daily change of +2.1%;
SOL's latest trading price is $127.81, with a daily change of +1.5%;
DOGE’s latest trading price is $0.0949, with a daily change of +3.1%;
XPR recently traded at $0.5299, with a daily change of +2.1%.
policy
▌El Salvador's Bitcoin plan has been adopted for three years and the wallet has earned more than $31 million in profits
El Salvador has been dollar-cost averaging its bitcoin since 2021, buying 1 bitcoin per day as part of its adoption plan. According to the Nayib Bukele Portfolio Tracker website, the country's wallets currently hold more than $31 million in profits. Three years ago, on September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. The country aims to promote financial inclusion, facilitate more efficient remittance payments, and attract financial innovation.
Blockchain Applications
▌Floki: FLOKI holders need to check their qualifications again before the on-chain CAT airdrop distribution
On September 7, Floki officially announced on X that FLOKI holders need to check the airdrop qualifications again before the on-chain CAT airdrop distribution, and the eligibility of the wallet depends on the number of FLOKI tokens held at the time of the August 29 snapshot. Other considerations include: The wallet needs to hold at least 400,000 FLOKI tokens; Floki holders and pledgers are eligible; Floki holders on the BNB and ETH chains are eligible (although the airdrop will occur on the BNB chain); Wallets that transfer or sell FLOKI tokens during the snapshot period (i.e. after August 22 and before the final snapshot on August 29) will be disqualified; The airdrop is based on the FLOKI holdings in the wallet on August 29.
▌Ethereum social graph protocol efp.eth has been released on the test network
ETH Daily published an article stating that the Ethereum social graph protocol efp.eth has been released on the testnet and is open to all users. The protocol allows users to log in with their Ethereum wallet, follow others, block wallets, and check their leaderboard rankings. EFP enables users to create and manage watchlists through EFP list NFTs. The protocol integrates data from ENS records and displays profile information such as profile pictures, personal profiles, and social links. Users can also import watchlists from Farcaster and Lens protocols. The test version is designed to stress test the protocol, and actions taken during the test will not be carried over to the mainnet. Users can also use the protocol to claim EFP Beta Tester POAP NFTs.
Cryptocurrency
▌50 million USDC minted in USDC Treasury
According to Whale Alert monitoring, at 19:53:23 Beijing time, 50,000,000 USDC were minted in the USDC Treasury and transferred to Coinbase.
▌Paxos releases August PYUSD transparency report: total circulation amount rises to over US$900 million
Paxos officially released the PYUSD transparency report for August 2024, disclosing relevant unaudited data of PYUSD as of 05:00 Beijing time on September 1, 2024, including: 1. The total amount in circulation (Total Tokens Outstanding) reached US$908,164,708; 2. The current market value of collateral in U.S. Treasuries is approximately US$149,017,480, and the nominal position value is approximately US$148,342,340; 3. The current market value of collateral in U.S. Treasury bond-collateralized reverse repurchase agreements is approximately US$619,324,620, and the nominal position value is approximately US$607,181,000; 4. The current market value of cash deposits is approximately US$156,006,044, and the nominal position value is approximately US$156,006,044; 5. The current market value of the collateral in the total net assets is approximately $924,348,144, and the notional position value is approximately $911,529,384.
ETH breaks through $2,300
The market shows that ETH has broken through $2,300 and is now trading at $2,302.73, with a 24-hour drop of 0.93%. The market is volatile, so please do a good job of risk control.
Important economic developments
▌Today's Fear and Greed Index rose to 23, and the level is still extreme fear
Today's Fear and Greed Index is 23, and the level is still extreme fear. Note: The threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
Golden Encyclopedia
What is an inverse futures contract?
An inverse futures contract is a financial arrangement that requires the seller to pay the buyer the difference between the agreed price and the current price when the contract expires. Unlike traditional futures, the seller benefits from a drop in price. The nature of inverse futures contracts is non-linear. When a trader goes long a BTC/USD inverse futures contract, they are short the U.S. dollar. Because the contracts are inverse, the trader's position is worth less in Bitcoin, and the higher the value of Bitcoin, the higher its value relative to the U.S. dollar.
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.
