DeFi Data
1. Total market value of DeFi tokens: $71.456 billion
DeFi total market value Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$4.052 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $83.551 billion
The top ten rankings of DeFi projects with locked assets and locked-in amounts. Data source: defillama
NFT Data
1. Total NFT market value: $25.754 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $2.11 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
3. Top NFTs in 24 hours
Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO
Headlines
Bitcoin mining difficulty increased by 2.99% to 89.47 T
Golden Finance reported that BTC.com data showed that the difficulty of Bitcoin mining has been adjusted at block height 858,816 (2024-08-28 22:31:55), with the mining difficulty increased by 2.99% to 89.47 T. The current average computing power of the entire network is 647.90 EH/s.
NFT Hot Spots
1.Atlas Development Chief Legal Officer: NFTs can be considered securities in some cases
Golden Finance reported that Oscar Franklin Tan, chief legal officer of Web3 organization Atlas Development, explained that there may be a legal basis for classifying very specific NFT categories as securities, and in "some" aspects, NFTs can be considered securities, pointing out that among the many use cases of NFTs, some may be similar to investment products, in which case NFTs can be classified as securities.
2. Trump released the fourth batch of NFT trading cards with sales exceeding $2.2 million
Golden Finance reported that Trump released his fourth batch of NFT trading cards, which sold more than 22,000 copies on the Polygon network, with a value of more than $2.2 million. This accounts for only 6% of the total supply of 360,000 NFTs. Trump's fourth batch of NFT series, like the past three series, features various poses and costumes. If all NFTs in the series are minted, the total revenue will exceed $35 million.
DeFi Hotspot
1. AI L1 infrastructure Edge Matrix Chain completes $20 million financing
Golden Finance reported that Edge Matrix Chain (EMC), incubated by Future3 Campus, announced the completion of a $20 million financing, led by Amber Group and Polygon Venture, with participation from One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury and other well-known investment institutions. It is reported that Edge Matrix Chain (EMC) will use this financing to upgrade to AI Layer1 infrastructure to further accelerate the expansion and development of its ecosystem. Users can obtain EMC tokens by participating in the test network and experience innovative AI public chain technology.
2. Ethereum investor DCinvestor calls on the Ethereum Foundation to reposition ETH as a programmable currency
Golden Finance reported that management consultant and Ethereum investor DCinvestor posted a message on the X platform calling on the Ethereum Foundation (EF) to reposition itself. He believes that EF should publicly emphasize that ETH is a programmable currency and that anti-censorship value is the core value proposition of this technology. He emphasized that Ethereum is not competing with PayPal or Charles Schwab for custody of real-world assets (RWAs), but is creating a global financial and digital ownership Internet that is not controlled by centralized players. DCinvestor believes that with the completion of ETFs and the establishment of commodity positioning, it is time to go all out to build the DeFi infrastructure that the world needs. Although RWAs have their place, decentralized liquidity is the core of blockchain technology.
3.Upbit: ADA deposits and withdrawals will be suspended due to network upgrades
Golden Finance reported that according to the official announcement, due to the Cardano network upgrade, Upbit will suspend ADA deposits and withdrawals at 14:00 on September 1, Korean time.
4.BAYC: Made by Apes beta version is now available on ApeChain testnet
Golden Finance reported that Bored Ape BAYC announced on the X platform that the Made by Apes (MBA) beta has been launched on the ApeChain testnet. Users can log in to the MBA beta backend with a Yuga ID, apply for a new MBA license, update the existing MBA Bodega listing, download the new license image and verify all information to help sort everything out before Bodega 2.0 is released on the ApeChain mainnet. The previous application has been transferred to ApeChain, and the application status can be checked by logging in with the email address used when applying for the MBA initially. Some existing applicants need to update the Bodega banner and logo image by applying to change their license or applying. It is worth noting that Bored Ape Kennel Club holders will now enjoy the same commercial rights as BAYC and MAYC and can be licensed within the Made by Apes program.
5. TON’s block production is further interrupted
Golden Finance reported that according to TON on the X platform, the TON block production problem began at 19:19 UTC on August 28, and the interruption seemed to be caused by the heavy load caused by the minting of DOGS tokens. TON Core is working hard to find a solution. TON will continue to inform users of the development of the situation. There is no risk to user crypto assets.
6. Bitcoin's second-layer network Stacks launches Satoshi upgrade
Golden Finance reported that Bitcoin Layer-2 network Stacks has launched the Satoshi upgrade, which aims to increase transaction speed and pave the way for the implementation of smart contracts. The upgrade separates Stacks' block generation schedule from Bitcoin and introduces a new way of block production, using the proof-of-transfer consensus algorithm. With this upgrade, users can burn Bitcoin (BTC) to mine Stacks blocks and receive rewards. Network operators have two weeks to implement the upgrade, after which a hard fork will be performed to complete the process. In addition, Stacks has launched sBTC, a bridge asset that allows users to transfer BTC to the Stacks economy. Despite the technical advances brought about by the upgrade, the STX token has fallen by more than 8% in the past 24 hours.
Game Hotspot
1. Blockchain game development company double jump.tokyo Inc. completes over $10 million in Series D financing, led by SBI Investment
Golden Finance reported that according to official news, Japanese blockchain game development company double jump.tokyo Inc. announced the completion of more than 10 million US dollars in Series D financing, led by SBI Investment, with participation from Sony Group Corporation, Taisu Ventures, Gate Ventures, TM Capital, Inc., Bing Ventures Ltd. and an unnamed entity. The new funds will be used to further develop and support blockchain games, blockchain infrastructure and related services, as well as to strengthen the company's organizational structure and talent base, while promoting cooperation with game companies to develop blockchain games, establish blockchain infrastructure and cultivate IP-based NFT projects.
2. Proof of Play, the blockchain game Pirate Nation development studio, will launch Boss Chain
On August 29, Proof of Play, the development studio of the blockchain game Pirate Nation, will launch Boss Chain on August 29, calling it "the next step in the multi-chain vision of supporting 100 million+ players." The team said, "Boss Chain is a blockchain based on Arbitrum Orbit that provides seamless scalability and market interoperability. This is critical for ambitious applications such as new social or consumer dapps with a large amount of on-chain computing.
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.
