Golden Web3.0 Daily | South Korea’s first cryptocurrency law takes full effect

DeFi data

1. Total market value of DeFi tokens: US$87.627 billion

DeFi total market value data source: coingecko

< 2. The transaction volume of decentralized exchanges in the past 24 hours was 3.475 billion US dollars. img.jinse.cn/7262984_watermarknone.png" title="7262984" alt="beDprD13fdldIVUaxexN6KfidlmwAiwSphNxVw1k.png">

Trading volume of decentralized exchanges in the past 24 hours Source: coingecko< /p>

3. Assets locked in DeFi: 97.293 billion US dollars

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The top ten rankings of DeFi projects’ locked assets and locked-in amount data source: defillama

NFT data

1. NFT total market value: 35.107 billion US dollars

2.24-hour NFT trading volume: 2.14 billionUSD

NFT total market value, market value ranking of the top ten projects data source: Coinmarketcap

3. Top NFTs in 24 hours

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The top ten NFTs with the highest sales growth in 24 hours. Data source: NFTGO

Headlines

South Korea's first cryptocurrency law takes full effect

Golden Finance reported that South Korea The first cryptocurrency regulatory framework is now in full effect, with a focus on ensuring the safety of cryptocurrency investors. The new law, the Virtual Asset User Protection Law, was officially approved on July 18, 2024, and was given a one-year grace period to Improve regulatory details. The bill imposes stricter requirements on digital asset exchanges, with service providers in South Korea now legally obligated to store at least 80% of user cryptocurrency deposits in cold wallets separate from their own funds. Cash deposits are entrusted to local licensed banks for safekeeping, and cryptocurrency reserves are maintained in an amount and type equal to customer deposits. In addition, crypto services in South Korea must now take out adequate insurance or establish reserve funds to deal with hacker attacks or liquidity crises. .

NFT Hotspots

1.2024Q2 Crypto Industry Report: DeFi Market Value Declines 20.7%, NFT transaction volume fell 31.8% month-on-month

Golden Finance reported that in the second quarter of 2024, the total market value of the cryptocurrency market was 2.43 trillion The dollar, which is down 14.4% from the first quarter, is struggling to grow or at least maintain its level. Bitcoin mining hashrate reached a new all-time high of 721 million TH/s, but fell 18.8% overall in the second quarter of 2024. The total market value of the DeFi market fell 20.7%, but the SEC approved spot ETH After the ETF, the DeFi industry was pushed back above $100 billion. NFT transaction volume fell 31.8% month-on-month, while Layer 2 adoption increased 37.7% month-on-month.

DeFi hot spots

1. ZK hardware Cysic, the acceleration project, will launch an incentive test network at the end of the month. Its incentive test network will be officially launched at the end of the month. The Cysic incentive test network will be divided into different stages, with batches of access to validator nodes and certifier nodes to provide computing power for the Cysic network to support ZKP generation and verification. In each stage, Cysic will release a limited number of free nodes as community incentives.

2.Zeta Markets: Due to the upgrade of RNDR to RENDER (SPL) Suspend trading of related assets on July 22

On July 19, Zeta Markets announced on the X platform that due to the RNDR (ERC-20) upgrade To RENDER (SPL) and will be delisted from several CEXs, it is planned to suspend the trading of related assets at 9:00 am UTC on July 22, and all open positions of RNDR-PERP will be settled according to the PYTH oracle price at that time: - If you choose to keep your position unchanged, your unrealized P&L will automatically be converted to realized P&L (settled in USDC) when trading is suspended. - Alternatively, you can choose to close your RNDR position before the suspension time. RENDER-PERP Relisting It is planned to be released through announcement.

3. Avail will be launched on the mainnet on July 23

Golden Finance reported that the modular blockchain project Avail stated on the social platform that it will launch the mainnet on July 23.

4.Multi-chain DEX ZKEX completes $2.5 million seed Round of financing, Fenbushi Capital and others participated

On July 19, multi-chain DEX ZKEX announced the completion of a $2.5 million seed Round of financing, Fenbushi Capital, KKXVC, RockTree Capital, NGC Ventures, L2 Iterative Ventures, Crypto.com Capital, IDG Blockchain, Whale Ground, Moonhill Capital, Blocklabs Capital, Optic Capital, Hyperithm Group and G20 Group participated The new funds will support the launch of services such as mobile applications and Telegram robots in the next quarter.

5.Scroll ecological lending platform Rho Markets may be hacked

Golden Finance reported that Scroll Ecological Lending Platform Rho Markets posted on the X platform: “We have detected abnormal activities on the platform and are currently investigating. During this period, we will suspend the platform and keep the community informed of the progress of the investigation. Once everything returns to normal, the platform functions will be enabled again. ”

Game Hotspots

1. Oasys releases the most anticipated and popular blockchain game in 2024

< strong>Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.