Wintermute: Stablecoin market value exceeds $164 billion, supporting the bullish outlook of the mark
According to DefiLlama and Wintermute data reported by Jinse Finance, the total market value of stablecoins has risen above $164 billion for the first time since the collapse of Terra in May 2022. This metric has been hovering around the $160 billion mark. Wintermute stated in a report that this growth "indicates an increasingly bullish outlook among investors. The increase in stablecoin supply indicates that funds are being deposited into the on-chain ecosystem to generate economic activity, either through direct on-chain purchases that can catalyze price increases or through yield-generating strategies that can improve market liquidity. This activity will ultimately promote positive on-chain growth." Nansen, a blockchain analytics firm, expressed a similar bullish sentiment about the growth of stablecoin market value. #SEC败诉
Both onshore and offshore RMB rose above 7.23 against the US dollar
Data from China Money Network shows that the onshore RMB against the US dollar rose more than 360 points during the day, currently reporting at 7.2282. According to Sina quotes, offshore RMB against the US dollar continues to rise, with a cumulative increase of 370 points during the day, currently reporting at 7.2258. #zachxbt
Fuzzland Lianchuang: The team successfully prevented potential attacks on AllianceBlock, avoiding lo
On July 25th, Fuzzland co-founder Chaofan Shou announced in a post that their team successfully prevented potential attacks against AllianceBlock, avoiding over $2.8 million in losses. After being informed of the situation, the AllianceBlock team promptly fixed the relevant contract vulnerabilities. #ETH🔥🔥🔥🔥
BlackRock Ethereum ETF Wallet Receives 76,669 ETH from Coinbase
Lookonchain monitoring shows that 10 hours ago, iShares Ethereum ETF wallet from Coinbase Prime received 76,669 ETH ($262.4 million). According to BlackRock's official website, they currently hold 79,699 ETH ($277 million). #DYOR42711
Polymarket TVL exceeds $70 million, with a 7-day increase of more than 45%
According to DefiLlama data, Polymarket TVL has surpassed $70 million, reaching $73.52 million with a 7-day increase of 47.49%, as reported by DeepChain TechFlow. #feedfeverchallenge
Stargate DAO community launches proposal to integrate with Sei Network
On July 25th, according to the Snapshot page, the Stargate DAO community initiated a proposal to integrate with the Sei network, in order to enhance the experience of Stargate and Sei users in bridging to the Sei network, allowing Sei to connect to infrastructure and share liquidity with other LayerZero-supported blockchains. #ETH🔥🔥🔥🔥
RiskLayer Completes Builders Round Financing, Antler and Momentum 6 Lead Investors
On July 25th, RiskLayer, a DeFi security middleware on EigenLayer, completed its Builders Round financing with Antler and Momentum 6 as co-leaders, and participation from Wagmi Ventures, Hypotenuse Ventures, and angel investors such as Richard Ma. RiskLayer plans to use this financing to accelerate the development of its Active Verification Service (AVS) infrastructure and prepare for the upcoming launch of pre-staking. It will also support the development of two AVS on EigenLayer, aimed at solving fundamental economic security issues in DeFi. #feedfeverchallenge
THORChain founder Thorbjornsen announced the launch of a multi-chain encrypted wallet Vultisig. According to reports, Vultisig is a self-hosted multi-chain encrypted wallet with built-in two-factor authentication. According to Web3 asset data platform RootData, THORChain is a decentralized cross-chain AMM trading protocol, initially created by a group of anonymous cryptocurrency developers at Binance's hackathon in 2018. The protocol aims to decentralize cryptocurrency liquidity through public nodes and ecosystem product networks. Any individual, product, or institution can access its local and cross-chain liquidity. #PEPE市值超越LTC
Vitalik: The ultimate decision on the success of cryptocurrency is the practical application of tech
Vitalik, the co-founder of Ethereum, recently stated on the "Bell Curve" podcast that the actual application of technology determines the success or failure of cryptocurrency. If cryptocurrency can become mainstream, or at least a trusted alternative like Linux, then it can be considered a success.For example, Ethereum accounts can replace social account logins, or cryptocurrency can become a part of the financial system, DAO can become an alternative for enterprises or non-profit organizations, and decentralized social media or prediction markets can succeed.On the other hand, if the cryptocurrency field is remembered as a group of idealists gradually decreasing their cries, or a group of people trading digital monkeys and celebrity photos, it would be a disappointing result. #BTC☀
Despite the S&P500 and Nasdaq-100 experiencing losses of 1.8% and 3.0% respectively, bitcoin has risen by 0.5%. This is unusual as bitcoin typically follows the daily movements of stocks, particularly in the tech industry. Despite the current market conditions, bitcoin has remained strong, which is surprising given the current Mt. Gox-related selling pressure and underwhelming spot ether ETF inflows. Although it is a small window of time, it is impressive how well bitcoin has held up. #ETH🔥🔥🔥🔥
The number of transactions and active addresses on the Base chain both hit record highs
According to data from The Block, the number of transactions and active addresses on the Base chain have both hit historical highs. On July 15th, the Base chain recorded 3.28 million transactions. As of the end of the week on July 19th, this number had climbed to 3.52 million transactions, with an average daily growth rate of about 1.8% over the week. At the same time as the surge in transaction volume, the number of active addresses on Base also hit a historical high. The number of active addresses increased from 567,000 on July 15th to nearly 650,000 on July 19th (Friday), with an average daily growth rate of about 3.5% over the same period. Meanwhile, Base's fees have seen a significant surge, with fees collected on July 20th reaching the highest daily total in over a month at $BTC In terms of total value locked (TVL) on the chain, Base still lags behind Arbitrum. As of the time of writing, Base's TVL is $1.77 billion, while Arbitrum's TVL is $3.25 billion. #BTC☀
US Congresswoman Cynthia Lummis may announce BTC strategic reserve legislation at Bitcoin Conference
Three executives from the cryptocurrency industry who are familiar with the bill said that Republican Senator Cynthia Lummis from Wyoming, who supports cryptocurrency, is planning to announce BTC strategic reserve legislation at the Bitcoin conference. Although the specific content of the bill is not yet clear, a person who has seen the draft said that the purpose of the bill is to instruct the Federal Reserve to purchase Bitcoin and hold it as a reserve asset, just like the US central bank holds gold and foreign currencies to help manage the US monetary system and maintain the stability of the value of the US dollar. As of the time of publication, Lummis' plan has not yet been confirmed and the announcement may be postponed. However, individuals who have had direct contact with some of Lummis' staff said that she hopes to announce her bill at the Saturday meeting and her staff hopes that Trump will support the bill and its underlying ideas. Lummis has been hinting at a major announcement on her X account all week, writing, "Something big is happening this week, stay tuned." #crypto2023A
Swiss Sygnum sees surge in cryptocurrency spot and derivatives trading in H1, plans to expand to EU
According to Jinse Finance, Sygnum Bank has announced its first half-year profit, driven by the growth in trading volume and expansion into other business areas following the debut of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States and the expected approval of Ether (ETH). The Swiss-based bank did not disclose its profit figures. Spot cryptocurrency trading volumes in the first half of the year doubled compared to the same period last year, while cryptocurrency derivative trading volumes increased by 500%. The $40 million in funding raised in January helped increase the core capital to about $125 million. Sygnum has licenses in Luxembourg, Singapore, and Switzerland, and plans to obtain new licenses in Europe under the Market in Crypto-Assets (MiCA) regulation. The regulation came into effect last month and introduced a single regulatory environment in the trade zone of 27 countries. The company also plans to expand its regulated business in Hong Kong. #Bitcoin❗
deBridge completes snapshot and releases governance token DBR
deBridge plans to issue governance token DBR on the Solana blockchain within the next month. Allocation will depend on the points users have earned in the past few months, based on the fees they have paid to the protocol and the funds transferred through the protocol since April. DeBridge took a snapshot on July 23 at 21:00 UTC. #Bitcoin❗
Russia’s State Duma passes crypto mining regulation bill in first reading
The Russian State Duma has passed a bill legalizing cryptocurrency mining in Russia. According to the bill, the Russian federal government will reach an agreement with the Russian central bank to establish requirements for individuals and legal entities (including mining pool participants) engaged in cryptocurrency mining. Compliance with established requirements will be supervised by the Ministry of Digital Development. The government may also prohibit mining activities in certain areas or individual territories. #crypto2023A
Uniswap Labs announced the completion of a major upgrade to UniswapX, which is now running on the Uniswap network application and will be launched on the mobile application. This upgrade deploys a new auction contract and redesigns the process of order quote information, making transactions on UniswapX smoother, including faster quote experience, better trade execution, and more MEV returned to traders. #DYOR42711
Hemi Labs announces Hemi Network, a modular Layer 2 network
Hemi Labs announced the launch of Hemi Network, "a modular Layer2 blockchain network that focuses on scalability, security, and interoperability between Bitcoin and Ethereum." According to the team, "Hemi Labs was co-founded by early Bitcoin core developer Jeff Garzik and blockchain security expert Max Sanchez, the latter of whom is the main developer of Hemi's unique security feature, the Proof-of-Proof consensus protocol inherited from Bitcoin." #DYOR42711
Grayscale transfers 700 BTC to Coinbase Prime address
According to Arkham data reported by Golden Finance, Grayscale transferred 700 BTC (worth about $46.56 million) to Coinbase Prime address about 16 minutes ago. In addition, Grayscale also transferred 140,043 ETH (worth about $476 million) to multiple unknown addresses. #BinancePizzaDay