Avalanche Unveils Avalanche9000 Network Upgrade | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance to list AAVE/USDC, STMX/TRY, SUN/TRY, and TRX/USDC spot trading pairs on September 4, 2024, 4:00 PM (UTC+8).
• Binance Futures to list FLUXUSDT perpetual futures at 3:00 PM on September 3, 2024 (UTC+8).
• Binance announces a new Toncoin (TON) lock-up product for its Simple Earn platform.

2. Cryptocurrency Trends:

• Penpie protocol suffered a malicious exploit, resulting in a loss of approximately $27 million.
• Avalanche announces Avalanche9000 upgrade, its largest network upgrade since its mainnet launch.
• 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product, 21BTC, on the Ethereum blockchain. The new product securely stores the underlying assets in cold storage, eliminating the need for a bridge.
• Matter Labs, the company behind ZKsync, to lay off 16% of its workforce, or 24 employees.
• BNB.xyz, the one-stop on-chain BNB staking platform, has been officially launched.
• The Tron network processed nearly 230 million transactions in August, marking a 7.8% increase compared to July.
• Scroll, the Ethereum Layer 2 network, has released a 12-second animation ending in "Scroll.Soon", hinting that something big might happen.
• Bank of Japan governor Kazuo Ueda submitted a document to a government panel suggesting that the central bank will continue to raise interest rates if the economy and prices perform as expected.

3. Financing Trends:

• Hypernative, a Web3 security company, raises $16 million in Series A funding led by Quantstamp, another Web3 security company.
• TON Accelerator announces the launch of TON: Acc is an incubator designed for promising start-ups building on the TON blockchain.

4. Regulatory Trends:

• The U.S. SEC charges crypto hedge fund Galois Capital with violating custody rules and imposes a fine of $225,000.
• New data from the Federal Trade Commission shows a massive increase in the amount of money consumers report losing to scammers involving Bitcoin ATM machines. Since 2020, this loss has increased nearly tenfold.
• The U.S. SEC should create a special version of the S-1 form for digital assets, SEC commissioner Mark Uyeda said on Tuesday at the Korea Blockchain Week in Seoul, South Korea.
• The People's Court Daily, a state-run media outlet in China, has recently published an article titled "The Judicial Disposition of Virtual Currencies Must Be Standardized", highlighting the importance of standardization for maintaining financial stability and ensuring healthy market development.
• South Korea's Financial Services Commission (FSC) announces its first inspection of virtual asset service providers since the Act on the Protection of Virtual Asset Users came into effect in July.