JPMorgan Chase said in a recent research report that Bitcoin miners are entering new business areas, including providing high-performance computing (HPC) services for the fast-growing artificial intelligence (AI) market to reduce dependence on cryptocurrencies.

Part of the cost of the new investment was provided by miners who sold tokens in recent quarters, the report said. Some bitcoin mining companies have changed their names to reflect the diversification, after Hive Blockchain Technologies (HIVE) changed its name to Hive Digital Technologies and Riot Blockchain (RIOT) changed its name to Riot Platforms. In addition, former Ethereum miners have also shown a tendency to provide HPC services. Since the successful upgrade of Ethereum Shanghai, there has been a large supply of graphics processing units (GPUs) sold on the secondary market, and some Ethereum miners have sold GPUs to save their investment , while other Ethereum miners reuse their machines for services such as games, image and video rendering, or choose other POW currencies.

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Encryption service provider Matrixport said in a report on Thursday that the U.S. Securities and Exchange Commission (SEC) is likely to approve several bitcoin spot ETFs in a row, triggering the next rise in bitcoin. Next week, the SEC will respond to Grayscale’s GBTC filing and ARK 21Shares’ Bitcoin ETF resubmission. Regulators are expected to respond to seven other bitcoin ETF applications during the first week of September.

“Physical Bitcoin ETFs could charge a management fee of 0.7-1 percent, which could still generate $200 million in annual revenue for ETF providers who pay for marketing up front,” the report said. If the SEC needs more time to evaluate Monitor the utility of the sharing protocol, then the Bitcoin price may start to adjust in mid-September, which is "buying the dip".

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Liquid Crypto, an Australian decentralized financial platform, announced the completion of a new round of financing. Baboon VC, a Hong Kong encryption venture capital company, participated in the investment. The specific amount has not been disclosed yet. It is reported that the new funds will accelerate the development of its partners and application Liquid+. Liquid Crypto mainly provides DeFi digital asset purchase, sale and exchange services. Its cross-chain transaction service currently supports BSC, Ethereum, Polygon, Arbitrum, etc. As this investor, the Web3 portfolio of Hong Kong encryption venture capital Baboon VC also includes encryption Options platform SignalPlus, decentralized insurance protocol Neptune Mutual, etc.

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Blockchain-based credit marketplace Maple Finance said Wednesday it has opened up its cash management pool backed by tokenized Treasury bills (T-bills) to U.S. investors.

Maple is exempt from Section 506(c) of Regulation D (RegD) of the U.S. Securities and Exchange Commission (SEC). Prior to this, only non-US entities could access the Maple pool.

Cash management pools on Maple allow accredited investors, corporations, DAOs to park their idle USDC and USDT stablecoins in one-month U.S. Treasury bills and earn 4-5% annualized yield . The fund has attracted $22 million in deposits since it launched in April.

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Important changes are being made to how block.timestamp, block.number, and blockhash behave on the zkSync Era, Matter Labs developer relations engineer Antonio said on Github. Currently block.timestamp, block.number and blockhash return the timestamp, number and hash value of the L1 batch respectively. After this update is completed, the timestamp, number and hash value of the L2 block will be returned respectively.

Antonio said that many applications require higher temporal fidelity, which can be achieved by referencing L1 batches. With these changes, contracts will be able to be timed at the L2 block level (roughly every few seconds), this information is already available on the API, but with the new changes, developers will be able to access it directly within the smart contract. We are currently developing this change and will be testing the update process internally before moving to testnet and eventual mainnet.

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Tether's dollar-pegged cryptocurrency USDT has been the most popular and widely used stablecoin since its inception. As the stablecoin with the highest market capitalization ($83.1 billion) and trading volume ($82 billion in the last 24 hours), USDT is available on most digital asset exchanges and has a large share of decentralized finance protocols. It is also the number one stablecoin in the world.

Tether was established in 2014, formerly known as "Realcoin", whose name comes from the project that issued USDT stable currency.

Tether is a fiat-backed stablecoin that has enjoyed good price stability since its launch, with a few exceptions that have fallen short of expectations. Each USDT is already backed "one-to-one" by USD in the project's reserves. Therefore, 1 USDT is theoretically equivalent to 1 USD in Tether’s reserves, and its exchange rate value is equal to USD.

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UK-based fintech firm Revolut has announced the suspension of its cryptocurrency services in the US. The decision, which is affected by the changing regulatory environment and uncertainties in the U.S. cryptocurrency market, will take effect on September 2, 2023, after which time U.S. customers will no longer be able to purchase cryptocurrencies on the Revolut platform. Revolut will implement more comprehensive restrictions starting October 3, 2023, when U.S. customers will be completely prohibited from accessing cryptocurrencies through Revolut.

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BNB Chain released the v1.2.9 version of the main network, which introduced the Plato and Hertz hard forks, which have been fully tested on the test network and are ready to be deployed on the main network. Plato is expected to deploy on August 10, and Hertz is expected to deploy on August 30.

BNB Chain stated that all validator nodes and full node operators of the mainnet must switch their software version to v1.2.9 by August 10, 2023.

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South Korean digital lender and neobank Toss Bank completed a $153 million funding round in March 2023 and is about to raise another $154 million (200 billion won) at a $2.1 billion (2.7 trillion won) valuation, people familiar with the matter said. ) equity. In addition, the company has plans to raise another US$150 million by the end of the year. Toss Bank has raised more than $1.2 billion since its inception in 2021.

The new $154 million financing is expected to close by the end of the third quarter of this year, around September, according to the sources. The bank benefits from a partnership with Viva Republica, which has around 26 million users and 15 million monthly active users. Viva Republica offers a range of financial services such as banking, money transfers, mobile-based stock trading, credit scoring, P2P lending, and more.

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