Aave V3 launched the Optimism liquidity mining plan, and the market value of BNB returned to above $50 billion

【Data Intelligence】

Tiffany NFT "NFTiff" has a transaction volume of over US$140,000 and a market value of US$7.88 million

On August 4th, according to the latest data from NFTGo.io, the current transaction volume of Tiffany’s NFT “NFTiff” has exceeded 140,000 US dollars, with a market value of 7.88 million US dollars. Tiffany NFT "NFTiff" will start pre-sale at 10:00 AM EST on August 3, 2022 and only 250 pieces will be sold.

BNB Market Value Returns Above $50 Billion

As BNB broke through $300 and hit a new high in nearly two months, its market value also returned to above $50 billion. As of now, BNB has risen to $310.01, with a market value of $50,666,648,484, and it is also the top ten cryptocurrencies with the highest market value increase in the past 24 hours.

【 Regulatory News 】

Xinhua News Agency: The scope of the digital renminbi pilot is steadily expanding

On August 4th, Xinhua News Agency issued an article saying that at present, my country’s digital RMB research and development pilot has formed a certain pattern, and it has become a pioneer in the global research on legal digital currency. In order to promote the steady and healthy development of digital renminbi, research on relevant supporting laws and regulations has also been put on the agenda. Recently, the relevant person in charge of the People's Bank of China stated that it will study and issue relevant laws and regulations and industry supporting policies for digital renminbi, continue to improve digital renminbi technical standards, and consolidate the legal basis for digital renminbi.

【Industry Trends】

Voyager Digital cleared to return $270 million in customer funds

According to news on August 5, Voyager Digital, an encrypted lending service provider, has received approval from the U.S. Bankruptcy Court, allowing it to return $270 million in customer cash. Judge Michael Wiles, the judge overseeing Voyager's bankruptcy case, ruled that the company provided "sufficient evidence" to support its argument that customers should be allowed access to MetBank custodial accounts, Reuters quoted the Wall Street Journal as saying.

Lido's updated treasury diversification proposal passes

On August 5th, the vote on Lido Finance’s updated treasury diversification proposal ended at 0:00 on August 5th, Beijing time. The proposal has passed with more than 99% support. Lido will sell 10 million LDOs to Dragonfly Capital . As previously reported, Lido Finance issued a proposal in mid-July, planning to sell 20 million LDOs at a price of $1.452153, and Dragonfly Capital planned to purchase 10 million, but the proposal failed to pass the vote. Lido Finance has since amended the proposal, adding a one-year lock-up period to the tokens sold to DragonflyCapital. In addition, when the voting is completed, Dragonfly Capital will choose the higher price option from the previous weighted price average plus a 50% premium (approximately US$1.45), the 7-day weighted price average plus a 5% premium, and if If the LDO price exceeds $2.25 during the voting schedule, DragonFly will be able to waive the purchase.

Nomad recovers nearly $20 million in stolen funds

Nomad, which suffered a hack on Monday that resulted in a loss of $190 million in cryptocurrencies, announced on Twitter yesterday that hackers who return at least 90% of their total funds may be considered for bounties of up to 10%. So far, $19.4 million of those funds have been sent back to the agreement. Nomad created a recovery wallet address, pleading with "white hat hacker and ethics researcher friends who have been protecting ETH/ERC-20 tokens" to return the lost digital assets. The wallet was set up jointly with custodian bank Anchorage Digital.

Reuters: Bitcoin payment company Block slows down hiring and cuts investment targets by a quarter

According to Reuters, Block, the bitcoin payment company owned by the former Twitter founder Jack Dorsey, has announced that it will slow down its recruitment pace and will also cut its investment target for 2022 by a quarter (approximately US$250 million). Block, which provides bitcoin trading services primarily through its online payment service Cash App, saw its profit plummet 24 percent to $41 million as bitcoin fell about 36 percent in the second quarter. Block Chief Financial Officer Amrita Ahuja explained that while Block's gross profit trend has been healthy over the past seven months, the market is now entering a potentially uncertain situation, which will slow down hiring and cut investment targets.

Blockchain.com has been registered as a virtual asset service provider in Italy

London-based crypto firm Blockchain.com announced Thursday that it has registered as a virtual asset service provider in Italy, and that it can now provide crypto and digital wallet services to Italian residents and institutional investors under the jurisdiction of Italian regulator OAM. Under rules expected to come into force after 2024, crypto firms will need licenses and customer safeguards to issue and sell digital tokens in the EU. Other major crypto exchanges including Binance, Coinbase Global, Crypto.com and German investment platform Trade Republic have all registered with OAM.

Uniswap Community Proposes Creation of Uniswap Foundation, Requests $74M Funding

Uniswap community Devin Walsh posted on the Uniswap Governance Forum to propose the creation of the Uniswap Foundation, whose mission is to support the decentralized growth and sustainability of the Uniswap protocol and its supported ecosystems and communities, and to builders, researchers, organizers, and scholars , analysts, and more provide grants to grow the protocol and plan for its future. The proposal proposes to form a 12-person team and ask the Uniswap community for a total of $74 million in funding, of which $14 million is the operating budget to cover the entire team for 3 years, and $60 million is used to implement the Uniswap Grant Program (UGP) budget expanded over 3 years. The initial payment is $20 million. At the same time, the proposal also requires 2.5 million UNI to participate in governance, mainly through delegation. By using the new smart contract primitive The Franchiser, this UNI can be revoked by the DAO at any time and cannot be used for any purpose other than governance.

【Elite Viewpoint】

Glassnode: Both BTC and ETH have emerged from extreme oversold conditions

According to data from the blockchain analysis company Glassnode, both BTC and ETH have emerged from extreme oversold conditions, but from the perspective of on-chain activity, the Bitcoin network is still dominated by "coin hoarders" and so far there has been no worthwhile price. Note the new demand returns. On the ethereum side, since the May 2021 sell-off, demand for ethereum transactions has been gradually declining. But recent weeks have seen brief bursts of activity, and it could be constructive if the trend can continue higher. Ethereum’s gas price recently dropped to a 7-day median of just 17.5 Gwei, indicating that while recent price increases have not attracted an uptick in network usage, Ethereum’s relative activity remains at multi-year lows.

【What to watch today】

Aave V3 launched the Optimism liquidity mining plan and will distribute 5 million OP

According to official news, Aave announced that Aave V3 launched the Optimism liquidity mining plan, which will last for 90 days and distribute 5 million OP to Optimism Market users of the Aave protocol. Reward claim support will be live soon.

Scan the code to follow the link to finance

All the latest information