8.16 Important Industry Dynamics

1. Mainstream Exchange Dynamics:

● Binance announced that it has successfully registered as a reporting entity with the Indian Financial Intelligence Unit (FIU-IND). This achievement marks Binance's 19th milestone in global regulation.

2. Mainstream Project & Hot Event Dynamics:

● USDC Treasury minted 250 million USDC on the Solana chain 15 minutes ago.

● Dogs announced the DOGS token economics, with a total of 550 billion, and 81.5% of the supply belongs to the community.

● According to The Block, BitMEX founder Arthur Hayes launched the first NFT collection "Airheads" on Bitcoin Ordinals and has officially opened the whitelist.

● According to The Block, blockchain research and development organization NEBRA is launching Universal Proof Aggregation technology, which allows multiple independent zero-knowledge proofs to be merged into a compact proof to reduce blockchain verification costs.

● Injective announced its official integration with the TON ecosystem. As a result, assets such as INJ can be cross-chain and used between TON, and TON can also be used between dApps in the Injective ecosystem.

3. Financing information dynamics:

● According to The Block, Web3 liquidity provider Orderly Network completed a $5 million strategic financing, with OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital and Origin Protocol participating.

● Binance's venture capital and incubation department Binance Labs announced an investment in the decentralized AI ecosystem MyShell.

● According to CoinDesk, blockchain risk analysis service provider Chaos Labs completed a $55 million Series A financing, led by Haun Ventures, with F-Prime Capital, Slow Ventures and Spartan Capital, as well as Lightspeed Venture Partners, Galaxy Ventures and PayPal Ventures participating.