1. The issuance of the stablecoin PYUSD launched by PayPal exceeds 40 million
Etherscan data shows that the issuance of the stablecoin PYUSD launched by PayPal has exceeded 40 million, and currently stands at 40.776 million. Earlier news, Kraken Exchange has begun to support the top-up, withdrawal and trading of PYUSD.
2. Fetch.ai Wallet released version 0.15, supporting Ethereum and BNB Chain
Fetch.ai, a Web3 protocol focused on artificial intelligence, announced the launch of its Wallet version 0.15, bringing cross-chain functionality between Ethereum and Binance Smart Chain to users for the first time. The new version introduces native FET bridging support for the Ethereum and Fetchhub networks, making it easier to convert Ethereum's ERC20 FET tokens to Fetchhub. Fetch.ai expects to further blur the boundaries between networks and achieve more interoperability in the future, and plans to introduce AI-based features in subsequent versions.
3.SignalPlus: Front-end IV in cryptocurrencies continues to fall
In terms of trading, the transactions of BTC in the past 24 hours were mainly concentrated in the end of August and September, among which the large sales of put options on Wing accounted for the most significant proportion. These transactions were aimed at harvesting the panic premium caused by last Friday's plunge. It also expresses traders’ expectations that BTC prices will not be able to maintain significant fluctuations in the near future. In terms of ETH, as Skew is currently at a low level, the Buy Risky strategy represented by Sell 1500-P/Buy 1900-C (4704 Group) at the end of December has begun to be favored by traders.
4. Russian investors file class action lawsuit against Atomic Wallet for $100 million in cryptocurrency theft
According to BNE IntelliNews, about 50 high-net-worth clients in Russia and the CIS region filed a class action lawsuit against the crypto platform Atomic Wallet after their funds were stolen for $100 million. Although the attack was initially suspected to be launched by North Korea's Lazarus Group, subsequent investigations tended to favor a Ukrainian gang as the mastermind behind it.
5. EigenLayer triggers the staking limit of 100,000 stETH, and TVL increases by 2 times in one day
After EigenLayer raised the upper limit of the pledge amount last night, it triggered a new 100,000 stETH pledge limit within a few hours. The official website shows that EigenLayer has 100,000 stETH, 19,917 rETH, and 21,398 cbETH pledged. Earlier news, EigenLayer announced that it would once again increase the liquidity re-pledge limit of stETH, rETH, and cbETH. When the re-pledge amount of any of the three assets reaches 100,000, the protocol deposit will be suspended again.
6. CRV’s large liquidation price on Aave V2 has dropped to 0.241 USDT
DefiLlama data shows that in Aave V2's CRV lending, 123 million CRVs have a liquidation price of 0.241 USDT, and this part of CRV is worth about 30.3 million US dollars. In addition, market data shows that CRV is currently quoted at 0.472 USDT.
7. Zero-knowledge proof company Risc Zero launches open source block proof technology Zeth
According to The Block, zero-knowledge proof company Risc Zero released open source block proof technology Zeth, which aims to help develop Ethereum-based L2 solutions and related client software. More specifically, Zeth aims to help develop a ZK rollup whose code is compatible with the Ethereum blockchain, also known as the zero-knowledge Ethereum virtual machine (or zkEVM). Developers can use Zeth on the specific framework "Risc Zero zkVM" provided by the team to facilitate this process. Risc Zero said that proofs of Ethereum blocks can be generated in just a few minutes and verified on the chain using Zeth.
8. Crypto KOL Cobie ranks first in friend.tech royalty income ranking with $144,400
According to Coingecko data, as of August 22, the account with the highest royalty income in the decentralized social protocol friend.tech was crypto KOL Cobie, with an income of $144,400; followed by the account of friend.tech founder Racer (income of $101,700) and the account of crypto KOL Hsaka (100,600). In just 12 days since the beta version was launched on August 11, 2023, the income of other friend.tech accounts on the list ranged from $14,900 to $75,500. The average daily income is $1,200 to $6,300. If the daily income remains at the current level, the annualized average income will reach $453,200 to $2.3 million.
9. Rarible announced that it will permanently support royalties and will no longer aggregate orders from platforms such as OpenSea after September 30
NFT trading market Rarible announced on the X platform that it will permanently support royalties, so Rarible will no longer aggregate orders from OpenSea, LooksRare and X2Y2 after September 30. Rarible said that the royalty principle is the core of decentralization and constantly confirms the value of creators in every transaction.
10. Pendle: 3 Pendle pools affected by Balancer emergency measures will not generate fees or income, but funds are safe
DeFi yield protocol Pendle Finance announced that three Pendle pools were affected by Balancer's emergency measures, namely ETHx-bbaWETH, swETH-bbaWETH, and swETH-bbaWETH (old), and other pools were not affected. The funds in the affected pools are safe, but swaps in the base Balancer pool have been disabled, which means that no further fees or benefits will be generated, but holders are still advised to withdraw to base LP assets according to Balancer's recommendations.
11.Curve founder: CRV buyers who violate the cooperation agreement will not be negatively affected, but I believe they will abide by the commitment to lock up for half a year
According to Blockworks, in order to save his loan and possibly prevent cascading liquidations in the entire DeFi field, Curve Finance founder Michael Egorov had previously reached a series of over-the-counter transactions (OTC) with more than a dozen counterparties to sell a large amount of CRV in exchange for stablecoins to repay debts. Although the terms of the transaction were not officially disclosed, several people who claimed to have contacted Egorov publicly wrote that the tokens were sold at $0.40 per CRV (well below the market price at the time) and the lock-up period was 6 months. However, the lock-up does not seem to be enforced by law or smart contracts. In a statement, Egorov confirmed that buyers who violated the cooperation agreement would not be negatively affected, but he "believed they would" abide by the commitment to the 6-month lock-up period. According to the report, observers have noticed that some participants have transferred their tokens to centralized exchanges, which usually indicates that they intend to sell. And the communities of some projects indirectly promised a 6-month lock-up by voting to host their CRV. According to previous news, DWF Lab spent 5 million USDT to purchase 12.5 million CRV from Egorov on August 1, but transferred 2 million CRV to Binance on August 19. The head of DWF Lab said yesterday that the transfer of CRV to Binance was for trading purposes. Data shows that the price of CRV is currently $0.47, a 7-day drop of 15.1%.
12. Aptos launches the “Aptos Digital Asset Standard”, which has features such as simplified token management and creation of composable NFTs
According to the official X account, Facebook-affiliated public chain Aptos announced the launch of the "Aptos Digital Asset Standard (DA)", which provides builders with flexibility, composability and scalability, and makes major improvements to Aptos. The new standard focuses on real-world applicability: seamless airdrops, token soul binding, and efficient performance, which foster a dynamic, adaptive, and uncomplicated token ecosystem. By simplifying token management, improving user experience, and the ability to create composable NFTs, the new standard will enable creators, developers, and users to unleash the full potential of their projects in the Aptos ecosystem.
13.Tether: 1.2 billion USDTs destroyed in the early morning due to periodic chain swaps and redemptions, the total supply remained unchanged
Tether announced on the X platform early this morning that within a few minutes, Tether will destroy the 1.2 billion USDT (on Tron) accumulated in the vault wallet on Tron as part of the chain swap and redemption in the past cycle. The total supply of USDT will not change in this process. On-chain data shows that a few minutes after Tether released the above announcement, the Tether vault destroyed 1.2 billion USDT on Tron at 01:17 Beijing time.
14. BlockFi seeks court to prevent FTX and Three Arrows Capital from recovering billions of dollars in transactions from last year
Bankrupt crypto lender BlockFi Inc. wants to block attempts by FTX and Three Arrows to recoup billions of dollars in trades between the companies before the three firms broke up last year, Bloomberg reported. BlockFi said in a court filing on Monday that it was a victim of the FTX platform and, as a result, FTX is not entitled to more than $5 billion in recovery. Similarly, BlockFi alleges that the defunct Three Arrows used fraudulent means to borrow money from lenders and is not entitled to be repaid. Monday's filing advances an ongoing court battle that could affect how much creditors of BlockFi, FTX and Three Arrows get paid in their respective bankruptcy proceedings. BlockFi said the lawsuits against FTX, Three Arrows and several other crypto firms could affect the $1 billion in repayments its customers receive. BlockFi's creditors had previously accused management of ignoring red flags before lending to FTX, but settled with the company last month to advance a debt repayment plan.