Headlines
Poll: Trump leads Harris by 12 percentage points among cryptocurrency holders
A new FDU poll finds that potential voters who hold cryptocurrency (about one in seven registered voters) support former President Donald Trump by a 12-point margin in the upcoming presidential election. "Trump has been reaching out to the crypto community, and it seems to be working," wrote Dan Cassino, a professor of government and political science at Vermont State University and the poll's executive director. The FDU poll found that cryptocurrency holders support Trump 50% and Vice President Kamala Harris 38%. By comparison, a Reuters/Ipsos poll this week showed Harris leading Trump 45% to 41%. Meanwhile, the largest betting pool on Polymarket related to the outcome of the upcoming presidential election shows Trump leading Harris by a narrow margin of 50%-48%. (Decrypt)
▌North Korean hackers exploit Chrome zero-day vulnerability to target cryptocurrency users
Microsoft cybersecurity researchers have discovered a zero-day vulnerability in the Chromium engine, which powers browsers such as Chrome. This vulnerability was exploited by a North Korean hacker group called Citrine Sleet, which specifically targets cryptocurrency users. Citrine Sleet used a rootkit malware called FudModule to create fake cryptocurrency trading platform websites to trick users into downloading malware or weaponized crypto wallets, thereby gaining remote code execution permissions and stealing victims' crypto assets. This vulnerability was fixed on August 21, and users need to update their browsers as soon as possible to ensure security. This is the third Chromium zero-day vulnerability that has been exploited this year.
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $59,236.6, with a daily change of +0.3%;
The latest transaction price of ETH is 2,525.43 yuan, with a daily change of +0.2%;
BNB's latest transaction price is $536.70, with a daily change of +0.7%;
SOL's latest trading price is $138.06, with a daily change of -1.3%;
DOGE’s latest trading price is $0.1016, with a daily change of +1.8%;
XPR's most recent trading price is $0.5663 USD, with a daily change of +0.6%.
policy
UK's ambition to become a cryptocurrency hub hits a snag amid regulatory hurdles
Cryptocurrency companies have withdrawn their applications due to the cumbersome and time-consuming regulatory process of the UK Financial Conduct Authority (FCA). In the past three years, 186 companies have withdrawn their applications to register in the UK, reflecting dissatisfaction with the UK regulatory environment. According to Reed Smith, from May 2023 to April 2024, the FCA received only 29 registration applications, a sharp drop from the figures in the previous two years. The number of applications in the first quarter of this year was only 7, the lowest in three years. The average approval time for FCA's crypto registration applications is 459 days, and some companies have been waiting for decisions for more than two years. This slow approval process has prompted many crypto companies to seek more efficient foreign regulatory environments. Although the FCA emphasizes the importance of market integrity and consumer protection, frustration within the industry continues to increase, threatening the UK's ambition to become a global digital asset center.
Blockchain Applications
▌DEX aggregator ODOS announced that it has completed its Series A financing, with Uniswap and others participating
According to official news, DEX aggregator ODOS announced that it has completed its Series A financing, with participation from Uniswap, CurvedVentures, orbs_network, 0xMantle, and pakafund.
▌The Ethereum Foundation announced a list of Q2 funded projects and community activities, with a total amount of over $8.47 million
The Ethereum Foundation announced a list of funded projects and community activities for the second quarter of 2024, with a total of more than 8.47 million US dollars. In terms of community and education, it has supported global conferences and hackathons such as ETH Beijing, ETH Tokyo, and ETHWarsaw. In the field of cryptography and zero-knowledge proof, it has funded research projects such as the Anon Aadhaar protocol and the Faster Scalar Multiplication of Elliptic Curves. In terms of developer experience, it has supported the development of tools such as the Circom Language Server and the MEDGA Solidity debugger. The Foundation also indirectly supported the retroactive public goods funding round operated by Cryptoversidad and the Road to Devcon quadratic funding round for Southeast Asia. At the protocol level, it continues to support the Account Abstraction Core Team and the Ethereum Protocol Fellowship (EPF) project. Other important funding includes projects such as L2BEAT, Ephemery Testnet, and Summer of Protocols.
Cryptocurrency
▌Yesterday, the inflow of funds of many Ethereum ETFs was 0
According to Farside Investors, the capital inflows of Ethereum ETFs such as Grayscale (ETHE), Grayscale Mini (ETH), Franklin (EZET), 21 Shares (CETH), Bitwise (ETHW), and VanEck (ETHV) were all 0 yesterday.
▌Yesterday, four Bitcoin ETFs saw an outflow of $164.5 million, and GBTC saw a net outflow of $70.2 million
According to Farside Investors data, Grayscale GBTC had a net outflow of $70.2 million yesterday, ARK's ARKB had a net outflow of $65 million, Bitwise's BITB had a net outflow of $16.4 million, and Fidelity FBTC had a net outflow of $12.9 million. VanEck, Franklin, WTree and other Bitcoin ETFs had zero inflows and outflows.
▌Study: Bitcoin mining can help reduce methane emissions
Bitcoin mining could help reduce methane emissions, according to a study published in the Journal of Cleaner Production. The study shows that Bitcoin miners can use a landfill gas-to-energy (LFGTE) system to convert methane gas from landfills into usable energy, thereby sequestering this greenhouse gas and reducing its harm to the atmosphere. The authors of the paper believe that Bitcoin's global economic incentive mechanism is suitable for capital-intensive, long-term projects and provides an innovative solution that does not require government incentives. This incentive structure not only helps reduce methane emissions, but can also be used to recover underutilized energy, such as wastewater treatment plants and agricultural processing operations. In addition, Marathon Digital (now known as MARA) has begun using LFGTE systems for Bitcoin mining and is working with the Kenyan government to develop renewable energy infrastructure. This research is supported by other related papers, indicating that Bitcoin mining could reduce global emissions by about 8%.
▌Vitalik Buterin: Both Optimism and Arbitrum meet the Security Committee voting threshold requirements
Ethereum co-founder Vitalik Buterin responded on social media that "all major L2 networks in the mainnet can technically steal user funds" and said an important detail: the rules of Phase 1 require that the code can only be overturned if the security committee reaches a 75% voting threshold, and the members who block the quorum (i.e. ≥26%) need to be from outside the company. Both Optimism and Arbitrum meet this requirement. Therefore, these organizations cannot unilaterally steal funds.
Almost half of all corporate funding raised in the US presidential election came from cryptocurrencies
According to Bitcoin Magazine’s post on the X platform, “CNBC said that almost half of all corporate funds raised in the US presidential election came from Bitcoin and cryptocurrencies, and their spending exceeded that of major oil companies and banks. So far, wherever cryptocurrency funds flow, victory follows.”
▌Analysis: Bitcoin recently shows a trend of "buying in Asia and selling in the United States"
Crypto analyst Miles Deutscher said Bitcoin has recently shown a "buy in Asia, sell in the U.S." Bitcoin has seen a cumulative return of more than 5% during the Asian trading session over the past two weeks, while negative returns were seen during the U.S. trading session. The important data next week will be the August non-farm payrolls report, which will be released on Friday, September 6. A weak July jobs report could be a catalyst for the Fed to promise a rate cut in September. However, the market currently expects a 25 basis point rate cut in mid-September. But if the second consecutive month of weak jobs data is released, investors may quickly expect the central bank to take a 50 basis point rate cut, which would provide a strong positive stimulus to risk markets, including Bitcoin. If the September jobs report is strong, market expectations for loose monetary policy may be weakened. Regardless of the outcome, volatility may be expected in the future, and the probability of upward volatility is about 50%.
Important economic developments
▌ECB board member Villeroy supports September rate cut, calling it a reasonable and wise move
European Central Bank Governing Council member Villeroy backed a rate cut next month after data showed inflation slowed significantly in August. He said the ECB should foresee future progress in curbing inflation. He expects French inflation to remain at the 2% target level by the first half of 2025, and Eurozone inflation to remain at the 2% target level by the second half of next year. "In my view, action should be taken at our meeting on September 12," Villeroy said. "A decision to cut rates again would be reasonable and sensible." This is one of the clearest commitments to cut interest rates at the next meeting. . Some other officials have signaled a rate cut is increasingly likely. This comes after Eurostat data showed consumer prices rose 2.2% year-on-year in August, significantly lower than the 2.6% rise in July.
▌The three major U.S. stock indexes turned down during the session
The three major U.S. stock indices turned to decline during intraday trading, with the Dow Jones Industrial Average down 0.4%, the S&P 500 down 0.1% and the Nasdaq down 0.04%.
▌The three major U.S. stock indexes closed higher, with popular technology stocks rising across the board
The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.55%, the Nasdaq up 1.13%, and the S&P 500 up 1.01%. Popular technology stocks generally rose, with Intel up more than 9%, Tesla and Amazon up more than 3%, and Nvidia and Google up more than 1%.
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.
