Headlines
▌Russia warns France not to take political action in Telegram CEO case
Russia has warned France not to take political action in the case of Telegram CEO, saying that criminal charges against Telegram CEO Pavel Durov could be seen as "political persecution." Durov, a Russian-born French citizen, was detained in Paris on suspicion of failing to control illegal content on the messaging platform. He was released on bail but must remain in France and report to the police regularly. Kremlin spokesman Dmitry Peskov stressed that Russian officials support Durov, who has Russian citizenship, and are willing to help him.
▌World Liberty Financial, a new crypto project launched by Trump, claims to provide high-yield investment opportunities
Former U.S. President Donald Trump has launched a new cryptocurrency project called World Liberty Financial, which claims to offer “high-yield” investment opportunities. According to metadata on the project’s website, the platform is “the only crypto DeFi platform backed by Donald J. Trump” and aims to connect users with the best tools in the decentralized finance (DeFi) space to achieve secure “high-yield” crypto investments. Its website calls on users to “Join the financial revolution now!”
The platform’s trademark was filed in mid-July by attorney Alex Golubitsky, who confirmed that it was related to Trump’s cryptocurrency plans. Trump and his son Eric have been promoting the new platform as Trump’s latest foray into cryptocurrency. At the same time, Trump also launched his fourth NFT series, hoping to continue the success of previous crypto collectibles sales.
Trump has promised to make the United States a "global crypto capital" if he is re-elected president. At present, the press office of World Liberty Financial has not yet commented on the matter.
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $59,385.47, with a daily change of +0.6%;
The latest transaction price of ETH is 2,528.76 yuan, with a daily change of +0.0%;
BNB's latest transaction price is $536.80, with a daily change of +0.0%;
SOL's latest transaction price is $140.00, with a daily change of -2.7%;
DOGE’s latest trading price is $0.1004, with a daily change of +0.8%;
XPR's latest transaction price is $0.5619, with a daily change of -1.3%.
policy
▌The U.S. House Financial Services Committee plans to hold multiple cryptocurrency hearings in September
The U.S. House Financial Services Committee plans to hold multiple hearings in September, focusing on cryptocurrency-related issues, including decentralized finance (DeFi), regulation by the U.S. Securities and Exchange Commission (SEC), and the impact of the "pig killing" scam. The first hearing on September 10 will focus on DeFi, a hearing on SEC enforcement and the "pig killing" scam will be held on September 18, and the full committee hearing on September 23 will involve SEC testimony and is expected to focus on the regulation of digital assets. Committee Chairman Patrick McHenry is retiring and has expressed his hope to complete a cryptocurrency legislation by the end of the year.
▌Trump: Ready to announce plan to make the United States the world's "crypto capital"
Republican presidential candidate Trump announced that he will launch a plan to ensure that the United States becomes the "global crypto capital." Trump posted on the social media platform on Thursday, but did not reveal any details. The video he shared also included a decentralized financial project that his sons have recently promoted. "This afternoon (Beijing time on the 30th morning), I will show my plan to ensure that the United States becomes the global crypto capital," Trump said in the video.
▌French President Macron: I was not aware of Pavel Durov's arrival in France and had no plans to meet him
French President Emmanuel Macron held a press conference during a diplomatic visit to Serbia. During the televised visit, the French leader told reporters that he had not invited Telegram co-founder Pavel Durov to France and did not know he was coming to France.
According to a translated version of Macron’s response, the French president said: “For my part, I was completely unaware that Mr. Pavel Durov was coming to France. This is normal because I was not aware of people coming to France from all over the world, whether they had French nationality or not.” The French president then reiterated that Pavel Durov’s case would be handled by the “independent action of the French judicial system.”
France has faced widespread international backlash for its decision to arrest Durov, with Macron insisting the decision to detain the tech entrepreneur was not politically motivated.
El Salvador President: Bitcoin has not yet been widely adopted as we hoped
El Salvador's President Nayib Bukele told TIME magazine that the monetary experiment with Bitcoin as legal tender has had mixed results. When asked if Bitcoin monetization has been "successful," Bukele said: "Bitcoin has not been as widely adopted as we would like it to be. Many Salvadorans are using it. Most of the large businesses in the country are using it. The positive thing is that it's voluntary; we never forced anyone to adopt it. We offered it as an option, and those who chose to use it have benefited from the rise of Bitcoin. I certainly hope there will be more adoption, but we have always prided ourselves on being a free country, free in every way."
Nayib Bukele noted that despite limited domestic adoption, Bitcoin has helped boost El Salvador’s “brand,” attracting foreign investment and boosting tourism. Several Bitcoin companies have offices or headquarters in the country.
Blockchain Applications
Ethereum DApp transaction volume increased by 36% in a week, but ETH price has not recovered
According to DappRadar data, Ethereum decentralized application (DApp) transaction volume rose 36% in the past week, mainly driven by decentralized exchange Uniswap and automated market maker Balancer, Uniswap transaction volume increased by 35% to $30.8 billion, while automated market maker Balancer transaction volume increased by 46% to $18.1 billion. However, ETH prices did not follow the rise. Since falling to $2,396 on August 27, ETH prices have rebounded to $2,534, but they are still down 22% in the past 30 days.
▌Sony blockchain Soneium cooperates with Transak to provide global fiat currency access
Sony’s blockchain project Soneium has partnered with Transak to provide global fiat currency entry services, giving users the option of joining the ecosystem using traditional payment methods. It is reported that the integration of Soneium and Transak may promote “wider adoption of blockchain technology within the gaming community” and may create new tokenization opportunities. Gamers can use traditional payment methods supported by Transak to purchase, transfer and trade in-game assets and NFTs.
Transak is a Web3 payment infrastructure provider that announced in July that it would provide fiat currency entry services for Uniswap wallets.
Cryptocurrency
▌Bitcoin DeFi protocol Threshold proposes to merge its wrapped Bitcoin version with WBTC
Bitcoin DeFi protocol Threshold has proposed merging its version of wrapped Bitcoin with WBTC. Under the plan, BitGo would become the “largest holder” of Threshold T tokens while also transferring control of WBTC’s minting and destruction mechanisms to “ensure the continued stability of WBTC, the sanctity of its collateral, and the security of the users and protocols that rely on it.”
If the proposal put forward by NuCypher co-founder MacLane Wilkison is approved, Threshold will mint an additional 1,655,250,000 T tokens (a 15% increase in supply, or approximately $36 million) which will then be owned by BitGo, which will transfer WBTC’s token freeze and minting/redemption privileges to the Threshold DAO.
Crypto.com Partners with Standard Chartered Bank to Provide Seamless Deposit and Withdrawal Services to Retail Users Globally
Crypto.com today announced the launch of global retail services, including seamless deposits and withdrawals for millions of Crypto.com App retail users from over 90 countries.
Crypto.com’s global retail services will be available to users around the world through the company’s regional hub in Dubai. The expansion is supported by the forward-looking regulatory framework established by Standard Chartered Bank and the Dubai Virtual Assets Regulatory Authority (VARA), ensuring a strong and secure environment to support the growth of digital assets.
The service will begin rolling out next month to customers across the UAE, who will be able to access Crypto.com retail products and services through the Crypto.com app, including the ability to buy, sell and trade over 250 cryptocurrencies. Thereafter, Crypto.com will gradually expand the service to other retail customers around the world.
▌Former FTX executive Ryan Salame withdraws request to enforce plea agreement
Former FTX executive Ryan Salame has withdrawn his request to a New York court asking it to enforce a plea agreement he reached with prosecutors or to vacate his guilty plea and set aside his sentence. Salame was sentenced to 7.5 years in prison in May. His request was withdrawn to allow his partner, Michelle Bond, to raise issues in her case.
Salame's lawyers said prosecutors promised to stop investigating Bond when they facilitated Salame's guilty plea. Bond is Salame's long-term partner and the mother of his children, who previously served on the U.S. Securities and Exchange Commission (SEC). She was accused of accepting illegal campaign donations when she ran for Congress in 2022. Bond appeared in court in the Southern District of New York on August 22 and was granted bail of $1 million. She faces four charges related to campaign finance violations, each of which carries a maximum sentence of five years.
▌CryptoPunks returns to the top of NFT daily sales with sales of over $704,000
CryptoPunks dominated the NFT market on Wednesday with total daily sales of $704,104, according to CryptoSlam.
This week, CryptoPunks and DMarket alternated at the top of the NFT daily sales chart. DMarket, based on Mythos, a collection of NFTs that represent in-game virtual items, dropped to fourth place with sales of $442,778. The second-highest collection of the day was Solana Monkey Business on the Solana blockchain, with total sales of $512,179. In third place was Immutable’s Guild of Guardians Heroes, with daily sales of $502,144. In fifth place was DogeZuki Collection on Solana, with sales of $342,557.
Important economic developments
▌Polls: Harris expands her lead over Trump on economic issues
The Wall Street Journal poll shows Harris' approval rating at 48%, while Trump's approval rating is 47%; the error is plus or minus 2.5%.
In addition, the Bloomberg/Morningstar poll showed that US Vice President Harris widened her advantage over Trump on economy-related issues; Harris was leading or tied in seven states; and after the Democratic National Convention, Harris maintained good momentum in swing states.
▌The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 67%
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 67%, and the probability of cutting interest rates by 50 basis points is 33%. The probability of the Fed cutting interest rates by 50 basis points by November is 44%, the probability of cutting interest rates by 75 basis points is 45%, and the probability of cutting interest rates by 100 basis points is 11%.
▌Apple is in talks to join OpenAI's new round of funding
Apple (AAPL.O) is in talks to invest in OpenAI, a move that would solidify the relationship between the two companies. The investment would be part of a new round of funding for OpenAI that would value the company at more than $100 billion, people familiar with the matter said. Venture capital firm Thrive Capital is leading the multibillion-dollar round, with Apple rival Microsoft also expected to participate, The Wall Street Journal reported on Wednesday. It is not yet known how much Apple or Microsoft will invest in OpenAI in this round.
▌ECB Governing Council member Nagel: Don’t rush to cut interest rates
The European Central Bank must remain "cautious" and not rush to cut its key interest rate, ECB Governing Council member and Bundesbank President Nagel said on Thursday. In his speech, Nagel said that a tightening job market and economic growth could delay a sustained return of euro zone inflation to the central bank's 2% target. "It cannot be taken for granted that prices will stabilize in a timely manner. Therefore, we need to be cautious and never lower the policy rate too quickly," he said. The ECB cut its key interest rate in June, and investors expect policymakers to cut rates again at their next meeting on September 12. Earlier on Thursday, data from the German Statistics Office showed that Germany's inflation rate returned to the ECB's target in August. Germany's economy shrank in the three months to June, and recent surveys have pointed to continued weakness.
Golden Encyclopedia
What is the new domain name dacc.eth registered by Vitalik?
Ethereum co-founder Vitalik Buterin has chosen a new Ethereum domain that specifically refers to "defensive accelerationism." Buterin's d/acc advocates for a controlled, cautious approach to technological development and promotes more decentralization. This philosophy "seeks to create and maintain a more democratic world and attempts to avoid centralization as the preferred solution to our problems."
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.
