● Nvidia Q2 performance exceeded expectations, AI-related cryptocurrencies continued to rise

According to CoinDesk, Nvidia (NVDA) easily beat expectations in its second quarter results, indicating that the AI ​​trend will continue. Nvidia reported Q2 revenue of $13.51 billion, higher than the $11.19 billion expected by FactSet data. The company's Q2 earnings per share were $2.70, exceeding the expected $2.08. The chipmaker also said it expects third-quarter revenue to reach $16 billion (plus or minus 2%), higher than the expected $12.59 billion.

“Companies around the world are shifting from general-purpose computing to accelerated computing and generative AI,” said Jen-Hsun Huang, founder and CEO of Nvidia.

Perhaps affected by this, AI-related cryptocurrencies such as FET, RNDR, and AGIX have all seen increases of up to more than 4% in the past 24 hours.

● XRP is about to usher in the third golden cross in history, and the price may soar

According to CryptoPotato, crypto enthusiasts are looking forward to XRP's third golden cross in history. The golden cross is usually used when a short-term moving average exceeds or crosses a long-term moving average, indicating a shift from a bear market to a bull market.

Well-known analyst Egrag Crypto said on Twitter that the XRP community should prepare for the upcoming golden cross. Egrag's analysis shows that whenever the 21-week EMA and the 100-week EMA form a golden cross, the price of XRP will rise sharply. Historical data shows that XRP has only had two golden crosses before, and the upcoming one will be the third. The first golden cross occurred in March 2017, when XRP was trading at just $0.00672, and the asset subsequently rose by more than 49,155% to a new high of $3.31. In 2020, XRP ushered in its second golden cross, and its price rose sharply by 653%, from $0.2675 in November 2020 to nearly $2 in April 2021.

Egrag suggests that similar to previous events, a price surge could occur, with gains around half of 2017’s gains, or about 24,577%, taking XRP from its current $0.5208 to over $128.

● Tornado Cash founder accused of money laundering and sanctions violations

According to the Daily Planet, the U.S. Department of Justice has charged Tornado Cash founders Roman Storm and Roman Semenov with violating money laundering and sanctions regulations and conspiring to operate an unlicensed money transmission business.

The indictment stated that Tornado Cash, operated by the two, facilitated more than $1 billion in money laundering transactions and laundered hundreds of millions of dollars for the sanctioned North Korean cybercrime organization Lazarus Group. Roman Storm has been arrested in Washington State and will appear in the U.S. District Court for the Western District of Washington on August 23. Roman Semenov is still at large.

● Coin Center releases analysis of the allegations against Tornado Cash founder

According to BlockBeats, the policy non-profit organization Coin Center published an analysis article on Tornado Cash founders Roman Storm and Roman Semenov being accused of illegal money transmission business. Coin Center believes that based on the current facts of the allegations, it is unclear whether they have actually violated the relevant laws.

The article explains that FinCEN’s virtual currency guidance issued in 2019 states that vendors that provide anonymizing software are not considered money transmitters. The defendants appear to meet FinCEN’s definition of anonymizing software providers more than money transmitters.

The government claims that the defendants “promoted” the Tornado Cash tool and “profited” from governance tokens associated with the smart contracts, but that these activities did not amount to “accepting and transmitting” currency.

● The total locked value of decentralized finance (DeFi) has fallen to the lowest level since February 2021

According to CoinDesk, DefiLlama data shows that funds in decentralized finance (DeFi) protocols have fallen to their lowest level since February 2021. Specifically, the total locked value (TVL) has slipped to $37.5 billion, down from $38 billion in December last year.

The locked value of multiple protocols has more than halved in the past month. Velodrome, a decentralized exchange (DEX) based on Optimism, saw its TVL fall by 58%. Balancer, one of the largest liquidity protocols, saw its TVL fall by 35% to $641 million.

● Binance Labs announces investment in DeFi yield protocol Pendle Finance

According to the Binance blog, Binance Labs announced its investment in the DeFi yield protocol Pendle Finance. This investment strengthens Binance Labs’ commitment to supporting innovative projects that aim to shape the next generation of DeFi primitives. The funds will be used to expand the influence of the Fylde project in the ecosystem and provide inclusive DeFi yield opportunities for retail and institutional users.

Pendle Finance is a decentralized protocol that enables the tokenization and trading of future yields. As a yield derivatives protocol, Pendle Finance is bringing the TradFi interest derivatives market to DeFi, making it accessible to everyone.

● Binance will work with Alpine F1 driver Pierre Gasly to host the Abu Dhabi Grand Prix helmet design event

According to Binance’s announcement, Binance will work with Alpine F1 driver Pierre Gasly to design a helmet for him to participate in the Abu Dhabi Grand Prix on November 26, 2023. The event will be held from 22:00 on August 23, 2023 to 08:00 on September 8, 2023 (Eastern Time Zone 8).