Golden Finance reported that DeFi Technologies has submitted a 40-F registration form to the U.S. Securities and Exchange Commission and plans to list on Nasdaq. The company said that the listing of common shares on Nasdaq requires approval and meets all applicable listing and regulatory requirements, including the effectiveness of Form 40-F.

DeFi Technologies is the parent company of several cryptocurrency subsidiaries, including ETF operator Valour. The company's stock is currently traded on Cboe Canada under the code DEFI and on the over-the-counter market under the code DEFTF.

#DeFi market continues to strengthen, locked assets reach $82.303 billion

According to the latest data, the DeFi market is strong, with a total market value of $69.722 billion. In the past 24 hours, the trading volume of decentralized exchanges reached $2.602 billion, showing the market's activity and investor confidence. In addition, the total amount of assets locked in DeFi projects has reached $82.303 billion, further consolidating its position in the financial market. Data source: coingecko, defillama.

Golden Finance reported that the Fractal Bitcoin mainnet block height has reached 21,000, and the ordinal activation has been successfully carried out, supporting Fractal BRC20 asset engraving. The Fractal Bitcoin network has previously been set to perform ordinal activation at block height 21,000, and runes activated at block height 84,000. The adjustment also includes changing the ticket name from Bitcoin mainnet's AZ to Fractal's az, and updating the sats index to reflect the difference in total supply between the two. PizzaSwap will support users to seamlessly exchange Fractal BRC20 assets after block 21,000 activation.

On September 13, MakerDAO will vote to completely remove wBTC from its ecosystem, which may mark a major change in the DeFi field. The platform currently has $200 million in wBTC collateral. DeFi risk management company BA Labs proposed to gradually divest all wBTC collateral asset exposure in five steps, with the first step starting on September 26. BA Labs said that legal due diligence failed to provide sufficient guarantees. The market remains optimistic about this move and looks forward to further development.

[Golden Finance News] The DeFi market welcomes another positive development! DeFi abstraction platform Infinit successfully completed a $6 million financing, with participation from well-known investment institutions such as Electric Capital, showing that the market continues to be optimistic about the decentralized financial sector. In addition, Solana Ecosystem DeFi project Carrot also completed a $600,000 Pre-Seed round of financing at X, further consolidating its position in the DeFi ecosystem. The market is optimistic and the DeFi sector has broad prospects for development.

# Golden Finance News

According to Fox News reporter Eleanor Terrett, Republican Congressman John Rose of Tennessee is proposing a new bill called the "BRIDGE Digital Assets Act". The bill will establish a joint advisory committee on digital assets between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).

The committee will be composed of 20 private sector participants and aims to provide a cooperative framework for the government and the private sector to optimize the regulatory environment for digital assets. John Rose pointed out that the current harsh regulatory approach does not work, but instead promotes investment in overseas markets. The new bill will bring more development opportunities to areas such as DeFi and BRC-20.

According to the latest report from Golden Finance, according to Defi Llama data, the total market value of stablecoins has exceeded 170 billion US dollars, and is now reported at 170.29 billion US dollars, setting a new high since November 2022. The increase on the 7th was 0.52%, of which USDT accounted for as high as 69.54%. This data shows that the stability and attractiveness of the DeFi market continue to increase, investor confidence is gradually recovering, and the market outlook is optimistic.

Golden Finance reported that encryption analyst The DeFi Investor published an article on the X platform stating that the prediction market platform Polymarket reached a record 13.8 million visits in August, significantly exceeding Uniswap’s 3.7 million visits in the same period. The success of Polymarket shows that prediction markets have huge potential in the field of DeFi and are expected to become the killer application of this cycle and further promote the development of decentralized finance.

Golden Finance reported that Andre Cronje, a director of the Fantom Foundation and current CTO of Sonic Labs, published an article titled "Credit Scores, DeFi, and Sonic". As the release of Sonic approaches, Cronje believes that it will break through technical barriers, achieve extremely low latency and true finality, and improve user experience.

Sonic introduces Gas subsidies and native account abstraction to lower the entry threshold for users. Gas monetization provides developers with new revenue streams. Sonic will also provide a credit scoring mechanism without KYC, directly access wallet scores on the chain, and open up a $11 trillion market potential.

Golden Finance reported that Aave co-founder Stani recently revealed on a social platform that Aave will launch customized markets for EtherFi and Ethena on the Ethereum mainnet in the coming weeks. In addition, the Aave protocol also plans to expand to the ZKsync and Linea second-layer networks. This move shows Aave's continued commitment to the decentralized finance (DeFi) ecosystem and provides users with more market choices and expansion opportunities.

According to news on September 7, Pacman, founder of Blur and Blast, said on social media that the bear market in 2019 was frustrating and the encryption market lacked users at the time. However, now that we have DeFi, Perp DEXs, NFTs and profitable stablecoins, user activity on the chain has increased significantly. Although currency price trends are difficult to predict in the short term, the blockchain field will continue to develop. Every market cycle creates new leaders, and these leaders often emerge during bear markets.

[DeFi market continues to grow, with locked assets reaching $78.707 billion]

According to the latest data, the total market value of the DeFi market has reached $66.177 billion, and the 24-hour trading volume of decentralized exchanges is $4.219 billion. The total amount of assets locked in DeFi projects has reached $78.707 billion, showing the market's continued confidence and investment enthusiasm in decentralized finance.

[Libre protocol deployed on Aptos, attracting $91 billion in assets]

Infrastructure provider Libre announced the launch of a new Web3 protocol on the Aptos network, attracting several large investment funds including the Brevan Howard Master Fund, with a total asset management scale of over $91 billion. This move will further promote the development of the DeFi ecosystem.

[The Open Network adds $24 million in Toncoin incentives]

The Open Network announced an additional contribution of $24 million worth of Toncoin to its DeFi incentive program, totaling 5 million TONs. The move is intended to reward liquidity providers in the STON.fi and DeDust pools, further enhancing the liquidity and activity of the DeFi market.

Golden Finance reported that the Trump family's new crypto project World Liberty Financial (WLFI) announced on the TG channel that it will cooperate with Aave to jointly create a platform to promote the development of DeFi. WLFI emphasized that it is not a malicious fork of Aave, but is committed to setting new standards and driving DeFi forward. This partnership is transformative, especially in the field of stablecoins. Both parties hope that the dollar-pegged stablecoin will continue to serve as the global settlement layer for the next 100 years.

[DeFi protocol Penpie was hacked, losing about $27 million]

According to Golden Finance, Penpie, a decentralized finance (DeFi) protocol based on the Pendle platform, was hacked on Wednesday. Blockchain data shows that hackers have stolen about $27 million in crypto assets, including staked Ethereum, Ethena's sUSDE and wrapped USDC stablecoins.

Pendle confirmed that it has found a security vulnerability in the Penpie protocol and will maintain close communication with the team. Pendle said that investors' funds are safe on the Pendle platform, but as a precaution, all contracts have been temporarily suspended. Data shows that after the attack, Penpie (PNP) plummeted 40%, and Pendle (PENDLE) fell nearly 8% in the past 24 hours.

UniSat announced that the Fractal testnet is under tremendous pressure and the system is frequently overloaded due to a surge in robot activity. To ensure fairness, the testnet basic engraving service fee is adjusted to 0.01 tFB, and the single faucet claim amount is increased to 0.1 tFB. UniSat plans to further enhance the performance and stability of the infrastructure before the mainnet is launched. This move is expected to improve the reliability and user experience of the DeFi ecosystem, and the market outlook is optimistic.

Golden Finance reported that Bitcoin DeFi platform ALEX announced the launch of ALEX V2. The new version integrates automated market makers (AMM) with order book transactions and aggregates Bitcoin L2 network liquidity through XLink. The main features of ALEX V2 include unifying Bitcoin ecosystem transactions, optimizing order matching, supporting unilateral liquidity provision, and chain abstraction that simplifies user experience. This upgrade is expected to further enhance the liquidity and user experience of the Bitcoin DeFi ecosystem.

Golden Finance reported that the U.S. House Financial Services Committee will hold a series of cryptocurrency-related hearings in September, focusing on DeFi, U.S. law enforcement, and "pig killing".

The first hearing is scheduled for September 10, and the DeFi subcommittee will conduct a review, which is expected to have a positive impact on the future of decentralized finance. On September 18, the committee will explore the SEC's enforcement practices and further clarify the regulatory framework.

The full committee hearing on September 23 will be the highlight, with SEC Chairman Gary Gensler and five other members testifying in court, which may have a far-reaching impact on the crypto market.

[The U.S. House Financial Services Committee focuses on DeFi in September] Golden Finance reported that the U.S. House Financial Services Committee will hold multiple cryptocurrency hearings in September, with the first hearing scheduled for September 10, focusing on decentralized finance (DeFi). In addition, the hearings on September 18 and 23 will focus on the SEC's regulatory enforcement and the impact of the "pig killing" scam, respectively. Committee Chairman Patrick McHenry said he hopes to complete a cryptocurrency legislation by the end of the year, and the market is optimistic about this.

# Golden Finance News

Former US President Donald Trump launched a new cryptocurrency project called World Liberty Financial, which aims to provide users with "high-yield" investment opportunities. The platform is called "the only crypto DeFi platform supported by Donald J. Trump" and aims to connect users with the best tools in the field of decentralized finance (DeFi) for secure crypto investments.

The trademark for the project was filed in mid-July, and Trump and his son Eric are actively promoting the platform. Trump also launched a fourth NFT series, continuing to exert his strength in the crypto collectibles market. Trump promised that if he is re-elected president, he will make the United States a "global crypto capital."

# DeFi market continues to grow, with locked assets reaching $82.951 billion

According to the latest data, the total market value of the DeFi market has reached $71.131 billion, showing strong market demand and investor confidence. The trading volume of decentralized exchanges in the past 24 hours has also reached $4.777 billion, further proving the activity of the DeFi ecosystem.

In addition, the total amount of assets locked in DeFi projects has climbed to $82.951 billion, indicating that more funds are flowing into this field. As the market continues to develop, DeFi is expected to continue to be a core driver of fintech.