● CryptoRank: BNB Chain is the most popular blockchain for running social DApps

According to Planet Daily, the encrypted data analysis platform CryptoRank issued an article stating that the top three active users of social DApps in the past seven days are Hooked (154,000), Galxe (120,000) and friend.tech (64,700). BNB Chain is the most popular blockchain for running social DApps, followed by Ethereum and Polygon.

● Binance Labs invests in zkWASM infrastructure provider Delphinus Lab

Binance Labs announced its investment in zkWASM infrastructure provider Delphinus Lab. Delphinus Lab aims to grow the ecosystem of Web3 DApps through dedicated application-specific rollup services built on zkWASM. The company has implemented the first known open source zkWASM virtual machine, supporting trustless computing and an application SDK.​

The funding will be used for the continued development of Delphinus Labs’ zkWASM-based application aggregation platform, zkWASM Hub, which provides automated verification and batch processing services for Web3 application development.

● Binance reminds users to beware of community fraud, which can be verified through official channels

Binance issued a blog reminder that scammers often pretend to be Binance representatives and create fake community groups. Signs of the scam include the publication of altered charts and poor grammar and spelling. Users are asked to verify through Binance’s official channels and report suspicious activities to avoid scams.

● The friend.tech wallet address corresponding to the 100,000 X (former Twitter) account was leaked

According to Planet Daily, Yearn core developer banteg posted on X (formerly Twitter) that the leaked database showed that 101,183 people had granted friend.tech permission to post as them.

In response, SlowMist founder Yu Xian forwarded that the friend.tech wallet address corresponding to more than 100,000 X accounts was leaked. These wallet addresses can be linked to the next level to get more privacy.

● friend.tech officially responds to data leakage-related remarks

BlockBeats reported that friend.tech officially responded to the "data leak"-related remarks, saying that the situation described in the report was just someone grabbing its public API, showing the connection between the public wallet address and the public Twitter username. Officials believe that the "data leak" statement is like someone being able to attack users by viewing their public Twitter information, which is irresponsible reporting.

● Ordinals continues to dominate Bitcoin network activity over the past week

Despite the cryptocurrency’s recent price declines and signs that the hype surrounding Bitcoin NFTs has “died,” Ordinals has continued to dominate activity on the Bitcoin network over the past week, Cointelegraph reported.​

On August 21, Ordinals developer Leonidas noted that 530,788 Bitcoin transactions had occurred in the past 24 hours, of which 450,785 were related to Ordinals. “While everyone is claiming ‘Ordinals are dead,’ they actually account for 84.9% of Bitcoin activity,” he said.

● Data: The amount of ETH held by exchanges is at its lowest level since 2018

According to Glassnode data, the amount of ETH held by exchanges is currently at its lowest level since 2018.​

CryptoQuant indicators show that the exchange’s Ethereum reserves have decreased by 2.5 million ETH since August 7 to 14.9 million ETH. The decline in the total number of tokens held by exchanges indicates that traders are moving tokens to cold wallets, meaning investors are more inclined to hold digital assets and wait for the macro environment to improve or positive catalysts to manifest.

● Deloitte: It is expected that more platforms will obtain licenses in Hong Kong in the second half of the year

Lui Zhihong, managing partner of Deloitte China Digital Assets Hong Kong, said that currently there are only two licensed virtual asset trading platforms in Hong Kong that are allowed to open investment to retail investors. If Hong Kong wants to become an international virtual asset center, only two licensed platforms are not enough to attract overseas platforms to develop in Hong Kong. Only in this way can we gather more international Web3 talents and ecosystem-related businesses. It is expected that the Hong Kong Securities Regulatory Commission will gradually approve more licenses.

● The Federal Reserve’s balance sheet has shrunk to below US$8.2 trillion, shrinking the balance sheet by US$63 billion in a single week

According to data from the Federal Reserve's official website, as of August 15, the size of the Fed's balance sheet was US$8.145 trillion, which has shrunk to less than US$8.2 trillion. From August 8 to August 15, the Fed shrank its balance sheet by a total of US$63 billion.

●Prins AI, an AI-driven digital human service provider based on blockchain technology, completed US$22 million in Series A+ financing

Prins AI, an AI-driven digital human service provider, announced the completion of US$22 million in Series A+ financing. The new funds will be used to advance deep learning technology, expand the team, and strengthen product development capabilities.​

The Prins AI platform uses blockchain technology and smart contracts to record AI digital human training and application behaviors, and uses a cryptocurrency reward mechanism to allow users to participate in the AI ​​digital human training program. (FinSMEs)