Rhythm Morning News｜A summary of important news from last night and this morning on August 22
1. CME data shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 67%; 2. Yesterday, Grayscale GBTC had a net outflow of US$9.8 million and ETHE had a net outflow of US$31.1 million; 3. ZKsync Era network daily revenue is less than US$7,000; 4. DeFi-related currencies generally rose, with UNI and LINK's 24-hour increases of 12.7% and 10.17% respectively; 5. Binance plans to recruit 1,000 people this year, and compliance expenses will exceed US$200 milli
BlockBeats news, on August 22, according to CME "Fed Watch" data, as of press time, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 67%, and the probability of cutting interest rates by 50 basis points has risen to 33%.
BlockBeats news, on August 22, according to Farside Investors monitoring, as of press time, the data of the US spot Bitcoin ETF and spot Ethereum ETF (August 21) are as follows:
Spot Bitcoin ETF: GBTC net outflow of US$9.8 million; BITB net inflow of US$10 million; EZBC net inflow of US$3.5 million.
Spot Ethereum ETF: ETHE net outflow of US$31.1 million; EZET net inflow of US$1 million.
Ethereum co-founder Vitalik "forced" to publicly call for ETH
BlockBeats news, on August 21, Ethereum co-founder Vitalik Buterin posted on social media that many people always suggested that he post less "philosophical thinking" and should post more "bullish views" on Ethereum, so he posted this tweet.
Vitalik Buterin later said that this "bullish Ethereum" tweet took only three minutes, and the amount of interaction has exceeded the 11,700-word philosophical content blog post he just released.
DeFi-related currencies generally rose, UNI rose nearly 13% in 24 hours
BlockBeats news, on August 22, according to market information, today's market DeFi-related currencies generally rose, including:
UNI is currently quoted at US$7.05, with a 24-hour increase of 12.7%;
QUICK is currently quoted at US$0.03741, with a 24-hour increase of 25.6%;
FXS is currently quoted at US$2.27, with a 24-hour increase of 19.1%;
LINK is currently quoted at US$11.27, with a 24-hour increase of 10.17%.
FTM breaks through $0.46, with a 24-hour increase of more than 17%
BlockBeats news, on August 22, according to HTX market information, FTM broke through $0.46 and is now quoted at $0.4623, with a 24-hour increase of 17.5%.
Aave will support METIS tokens as collateral
BlockBeats news, on August 22, DeFi lending protocol Aave announced that it will support METIS tokens as collateral on the Metis network. This strategic move will expand the utility of METIS tokens and improve the capital efficiency of Aave users.
According to the announcement, Aave will offer a 30% loan-to-value ratio (LTV) for METIS tokens, meaning users can borrow assets equivalent to 30% of the total value of their METIS collateral. For example, if a user provides $100 worth of METIS as collateral, they can borrow up to $30 (30%) in other assets.
Users will be able to use METIS as collateral to borrow the following assets: USDT, USDC, DAI, and ETH.
BlockBeats reported that on August 22, Lookonchain posted on social media that Brett deployers whitelisted 139 addresses when creating BRETT, and these addresses purchased 8.16 billion BRETT (81.6% of the total) within an hour of increasing liquidity, and then distributed and sold part of it.
Among them, 2 whitelisted addresses spent only 0.034 ETH (about $102) to buy 172 million BRETT, and then sold 122 million BRETT at 890.65 ETH (about $3.14 million), making a profit of 30,830 times.
In addition, among the addresses holding more than 10 million BRETT, 54 addresses are related to whitelist addresses, holding a total of 1.86 billion BRETT (about 163 million US dollars).
BlockBeats news, on August 21, according to data from The Block, Layer 2 expansion solution ZKsync Era plummeted after the airdrop on June 24, and the revenue fell to only 6,800 US dollars last Sunday, in sharp contrast to the highest point of 746,000 US dollars in a single day before the airdrop (a drop of 99.088%). In addition, the airdrop triggered a massive loss of users and liquidity on the network, with daily transactions falling from a peak of 1.8 million to just 200,000.
The Block said that this situation is not only seen in one Layer 2 project in the ZKsync Era. The GML2 index, which tracks Layer 2 tokens, has fallen 66% from its high in March, indicating that the entire industry is facing challenges. This pattern of decline after the airdrop has raised questions about the effectiveness of token distribution strategies in the current market environment. Although airdrops are designed to reward early adopters and guide network effects, they seem to increasingly trigger short-term speculation, followed by rapid sell-offs.
Binance will hire 1,000 people this year and spend more than $200 million on compliance
BlockBeats news, August 22, Binance (Binance Holdings Ltd.) will recruit 1,000 people this year, many of whom are designated for compliance positions. The cryptocurrency trading platform spends more than $200 million annually to meet regulatory requirements, including U.S. regulation under a plea agreement.
CEO Richard Teng is visiting the United States to talk with regulators and officials, and he outlined this goal in an interview in New York on Wednesday. He declined to say whether he met with U.S. SEC officials during the visit.
Teng said Binance plans to have more than 700 compliance employees by the end of 2024, compared with about 500 currently. (Bloomberg)
Coinbase puts Polygon Ecosystem Token (POL) on the roadmap
BlockBeats news, August 22, according to official news, Coinbase will include Polygon Ecosystem Token (POL) on the roadmap, and Coinbase is currently adding support for Polygon Ecosystem Token (POL) on Polygon and Ethereum networks.
BlockBeats Note: POL is the migration token of Polygon (MATIC). Polygon's mainnet upgrade is scheduled for September 4, 2024. After community approval, its native token will be converted from MATIC to POL.
Decentralized biotech protocol BIO Protocol has completed $6.22 million in community token financing
BlockBeats news, on August 22, decentralized biotech protocol BIO Protocol announced on August 20 that it had completed $6.22 million in the first round of Genesis auction financing, exceeding the original target of about $5 million.
Currently, investors who participated in the first round of financing can start claiming BIO tokens, 50% of which are available immediately, and the other 50% will be unlocked linearly within one year (called vBIO).
It is worth noting that BIO's financing accounts for more than half of the total amount of all public sales in August this year (US$11.81 million). BIO Protocol also stated that it plans to launch a new round of financing.
BlockBeats News, August 22, according to The Block, Base Ecosystem DeFi Derivatives Protocol BSX has raised US$6.2 million in its seed and pre-seed rounds of financing. The seed round of financing amounted to US$4 million, led by Blockchain Capital. Investors in the two rounds of financing include Bankless Ventures, No Limit Holdings, Cadenza Ventures, Breed VC and Arthur Hayes' family office Maelstrom. Its angel investors include Coinbase listing director Zach Segal, Delphi founder Tommy Shaughnessy and CoinFund investor Isaiah Washington.
BlockBeats news, on August 22, Telegram ecosystem-based blockchain fantasy sports platform Fanton Fantasy Football announced the completion of $1 million seed round financing, Animoca Brands, Delphi Ventures and Kenetic Capital. Hashkey x TON Accelerator, PAKA Fund and Sign VC participated in the investment, and the specific valuation information has not been disclosed.
Fanton currently mainly attracts users in the TON ecosystem through the fantasy sports platform and provides financial incentives and rewards supported by blockchain technology. The new funds are intended to be used to further expand the GameFi and blockchain sports fields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Starknet approves new staking mechanism with dynamic STRK minting curve
Ethereum Cannot Recover! What to Expect from ETH Price in the Coming Months? Analysts Point to These Dates for Bottom and Rise!
Analysts said they predict that Ethereum could bottom in the next 2-4 months.
Bill Laboon, Director of Education at Web3 Foundation, on Polkadot’s 1000 Referendums, Centralized Points in Decentralized Polkadot, and Sprinkling B
The Director of Education and Governance Initiatives at the one and only Web3 Foundation arrives to Cryptonews. Bill Laboon is on fire in this episode.
The road to the US election is paved with political memecoins — now down 90%
There’s still over 50 days left until the election, or as it should be known, the Superbowl for political memecoins
Trending news
MoreCrypto prices
More
