16 August 2024
Macro/TradFi
The U.S. consumer price index increased by 2.9% year-on-year in July. This is a decrease from the 3% rise in June and marks the lowest reading since March 2021.
In the second quarter, the State of Wisconsin Investment Board acquired an additional 447,651 shares of BlackRock’s spot Bitcoin ETF, increasing its total holdings to 2,898,051 shares, valued at US$98.9M.
A 13F filing reveals that Goldman Sachs holds over US$400M in Bitcoin ETFs.
DBS Bank, in collaboration with Ant International, has initiated a pilot program for “DBS Treasury Tokens” to enhance multi-currency treasury and liquidity management across various markets for Ant International entities.
Grayscale has introduced a new fund that invests in the governance token of MakerDAO (“MKR”).
Crypto
L1/L2:
Optimism developers intend to bring native interoperability to the OP Stack, to unify liquidity across multiple Layer 2 chains within the ecosystem.
Sonic Labs, formerly known as Fantom Foundation, has announced that Andre Cronje has officially taken on the role of Chief Technology Officer (CTO). Andre will continue to lead the design and development of the new Sonic network.
TON has partnered with Pyth Network to improve real-time data feeds for gaming and DeFi.
TON Ventures has been established as a new venture capital organization with a US$40M fund dedicated to supporting early-stage projects on the TON platform.
DeFi:
Uniswap Labs has collected over US$50M in cumulative front-end fees. Users currently pay a 0.15% fee for transactions on Uniswap’s web interface and wallet app.
Lido DAO has voted to integrate stETH with BNB Chain, marking the first time Lido has connected to a layer-1 blockchain outside the Ethereum ecosystem.
The dYdX Chain will be undergoing an upgrade, enabling users to create new token trading markets without requiring governance approval.
Curve Finance has announced its annual reduction in CRV token emissions. This year's reduction has resulted in the decrease in annual emissions from 274M CRV in 2020 to approximately 162.7M.
EigenLayer is adding permissionless token support, enabling any ERC-20 token to be added as a restakable asset.
Liquid restaking protocol Renzo has revealed plans to launch a SOL derivative token named ezSOL.
Stablecoins
Supply of PayPal's PYUSD stablecoin on Solana has surpassed that on Ethereum.
Others:
MetaMask, in collaboration with Mastercard and Baanx, has launched the pilot of the MetaMask Card, allowing direct spending from one’s MetaMask wallet.
Circle is planning to introduce tap-and-go payments on iPhones following Apple's decision to allow third-party developers access to NFC chips and Secure Element (SE) on iPhones.
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