According to Odaily Planet Daily, Greeks.live macro researcher Adam said that this week's macro events and data did not cause much waves. The historical volatility RV of cryptocurrencies continued to decline, and the options market's expectations for future volatility also gradually decreased. The most noteworthy macro event this month is the upcoming Jackson Hole Central Bank Annual Meeting. The news related to the Fed's interest rate cut is particularly noteworthy. Judging from the options data, the market's expectations are relatively consistent.
According to BlockBeats, on August 22, the number of initial jobless claims in the United States for the week ending August 17 was 232,000, which was expected to be 230,000. The previous value was revised from 227,000 to 228,000.
● Binance CEO Richard Teng: No IPO plans, company's finances are sound
According to Golden Finance, Binance CEO Richard Teng recently accepted an interview with CoinDesk and shared four major points for the company's future. First, Richard Teng emphasized that Binance has transformed from the leadership of founder CZ to a more decentralized company. Second, Binance has not yet decided on the location of its global headquarters, as this decision requires careful consideration of the impact of all parties. Third, Teng pointed out that operating a crypto business in multiple countries is very complicated, especially when facing problems such as the detention of employees in Nigeria. Finally, Binance currently has no plans to IPO or return to the US market because the company's financial situation is sound and there is no urgent need to raise funds.
● Binance Labs invests in four projects of BNB Chain’s seventh season MVB Accelerator Program
According to the BNB Chain blog post, Binance Labs announced that it has invested in four of the best performing projects in the seventh season of the BNB Chain Most Valuable Builder (MVB) program, including: · Aggregata unifies AI data, models, and computing into a seamless one-stop platform; · Opinion Labs is building dynamic opinions and continuous prediction markets; · SideKick is an integration center for social, gaming, and other fields; · Vooi is a cross-chain Perp DEX aggregator that supports EVM and non-EVM chains.
● Tether decided not to launch blockchain due to market saturation
Despite controlling USDT, which has a market value of $117 billion, Tether decided not to launch a blockchain, citing market saturation, according to Bloomberg.
Data shows that out of 306 chains, the top five chains control about 86% of the total locked asset value. According to DefiLlama data, Ethereum leads the market with $87.7 billion in TVL and a total TVL of $133.2 billion. TRON has $8.1 billion in TVL and handles 49% of USDT supply. Tether's Ardoino said Tether will remain blockchain "neutral" as long as its stablecoin has the highest security and sustainability.
According to PANews, the Hong Kong Securities and Futures Commission published a "quarterly report" showing that the first six virtual asset spot ETFs in Asia were listed in Hong Kong and trading remained smooth. As of mid-August, the total market value was HK$2.4 billion (US$310 million). In addition, the Hong Kong Securities and Futures Commission received 17 applications for virtual asset trading platform licenses during the quarter.
● Grayscale launches AVAX Trust Fund Grayscale Avalanche Trust
According to Odaily Planet Daily, Grayscale announced the launch of the AVAX Trust Fund Grayscale Avalanche Trust, which aims to provide qualified investors with investment opportunities in the cryptocurrency AVAX.
