headlines
According to reports, Facebook is considering building NFT-related products and functions. “We’re definitely looking at a number of ways to get involved in the space because we think we’re in a very good position,” Facebook executive David Marcus said in an interview Tuesday. Marcus leads F2, or Facebook Financial, the company that developed the Novi digital wallet. internal team. That wallet can be used to store NFTs, he said. He didn't get more specific about what kind of NFT-related products Facebook might develop. Facebook's digital wallet is "ready now," but the company has been waiting to launch it until it can launch alongside Diem, a digital currency formerly known as Libra. Marcus said Facebook would consider launching a Novi wallet without Diem "as a last resort," but he believes both are necessary to change the way people pay. (BNN)
Facebook is considering building NFT-related products and features, and the Novi digital wallet can be used to store NFT
MicroStrategy buys 3,907 bitcoins for $177 million in cash
MicroStrategy CEO Michael Saylor tweeted that MicroStrategy once again purchased 3,907 bitcoins with $177 million in cash, at an average unit price of $45,294. As of August 23, 2021, MicroStrategy owns 108,992 bitcoins with a total value of $2.918 billion and an average price of $26,769 per bitcoin.
U.S. banking giant Citigroup is preparing to trade Chicago Mercantile Exchange (CME) bitcoin futures and is awaiting approval, according to a bank insider. The bank is responding to a surge in client demand for exposure to the cryptocurrency as bitcoin climbs to $50,000 again. Previously, another banking giant, Goldman Sachs, offered bitcoin derivatives trading to investors, and Citibank, which is still trying to get the necessary regulatory approval, will also offer bitcoin futures trading.
digital currency
According to previous reports, Goldman Sachs announced that its new cryptocurrency trading team has successfully traded two bitcoin-related derivatives. Goldman Sachs is offering investors non-deliverable forwards (NDFs), derivatives pegged to the price of bitcoin, that can be paid out in cash. The bank will use Cumberland DRW as its trading partner to hedge against the huge volatility risk of bitcoin by buying and selling bitcoin futures in CME Group block trades. (CoinDesk)
Mirror Protocol Initiates a Governance Vote for Listing Synthetic Assets Related to Weilai, Cardano, and Cosmos
Tether will cooperate with a third party to exchange chains of 2 billion USDT
EIP-1559 Adoption Already Accounts for Nearly 50% of All Ethereum Transactions
The founder of dYdX, Antonio Juliano, tweeted that since the launch of the governance token DYDX, the data highlights of the dYdX platform are as follows: the daily trading volume exceeded 400 million US dollars for the first time today, the weekly revenue reached 1.8 million US dollars, and the total number of users reached 73,500 (an increase of 3.4 10,000), with 7,500 weekly active users.
Blockchain industry
On August 23, 15,000 BTCs were transferred to the Huobi system instead of Huobi hot and cold wallets
On August 23, 15,000 bitcoins (approximately 740 million U.S. dollars) were transferred to Huobi. The outside world thought it was the conversion of Huobi's hot and cold wallets, or Huobi's internal wallet arrangement. However, according to the data on the chain and Huobi’s response, this transfer is a personal behavior, and it may be that the giant whale is making cross-platform fund adjustments.
Blockchain Pilot Project for Commodity Financing in Maharashtra Warehousing Company Goes Well
According to China Financial News Network, on August 17, the Shaanxi Branch of the Bank of China handled the first 1.1 million yuan financing business under the international railway combined transport bill of lading of the China-Europe Express "Chang'an" for a company in Xi'an International Port Area. It is understood that this business is the first international railway bill of lading issued by Xi'an Free Trade Port Construction and Operation Co., Ltd. for the China-Europe Express "Chang'an", and it is also the first credit-based railway bill of lading loan issued by the Bank of China.
Bank of China Shaanxi Branch: Handled the first China-Europe freight train "Chang'an" international railway transport bill of lading financing business
global policy
This business is also the first railway waybill financing business initiated by the cross-border financial blockchain service platform of the State Administration of Foreign Exchange. It makes full use of the platform's waybill and customs document verification functions to verify the company's qualifications and financing authenticity. With the gradual promotion of the cross-border financial blockchain service platform, the China-Europe Railway Express scene, the convenience of corporate financing continues to increase. (interface)
global policy
The U.S. Securities and Exchange Commission (SEC) will seek comments on whether digital innovations in customer engagement adopted by financial firms should be governed by existing rules or might require new rules, said U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. While the SEC is in the "early stages" of thinking about the issue, its rules may need to be updated to address the AI-led revolution in predictive analytics designed to optimize customer engagement, differentiated marketing and behavioral incentives.
The SEC is planning a sweeping consultation in the next few days that could have major implications for retail brokers, wealth managers and robo-advisors, who are increasingly using such tools to nudge clients into higher-earning products . (Reuters)
Media: Japan's Financial Services Agency is debating stricter encryption regulation
According to previous news, Junichi Nakajima, the head of Japan's Financial Services Agency (FSA), who took office just last month, said in an interview that the time to relax encryption regulation has not yet come. Japan still needs more favorable data to convince its citizens to make cryptocurrency investment more acceptable. Nakajima said he was open to the potential benefits of assets such as bitcoin as a fast and cheap way to transfer money, but in Japan they are mainly used for speculation and investment rather than as a means of transferring money. He also said that a large number of companies involved in DeFi pose new challenges. Compared with the United States, Japan still has many restrictions on digital asset investment. (nippon.com)
Character·Voice
The Shanghai Municipal People's Government issued the "14th Five-Year Plan" for the Construction of Shanghai International Financial Center. The "Plan" stated that it will increase the research and development of key technologies of financial technology, and enhance the ability to support financial products, financial services, and financial regulatory innovation. Promote the establishment of a national fintech research institution in Pudong. Improve the application level of financial technology, steadily promote the pilot application of digital renminbi, and enrich the application scenarios of digital renminbi. (Shanghai Municipal Government website)
Character·Voice
Chainalysis report: Mainstream adoption of DeFi is still in its early stages
Mainstream adoption of decentralized finance (DeFi) protocols is still in its early stages relative to the broader crypto industry, blockchain data firm Chainalysis reports. The Chainalysis report "Global DeFi Adoption Index" found that while DeFi adoption has increased significantly in emerging and developed markets over the past 18 months, most of the growth has occurred in countries and regions with higher incomes and more professional investors and traders .
According to the report, DeFi adoption is "primarily driven by experienced cryptocurrency traders and investors finding new sources of alpha in innovative new platforms, even as we weight the index to support grassroots adoption." Larger investors, but the industry needs to do a better job of attracting smaller retail investors. (CoinDesk)
Ethereum's latest rally was driven by a rally in the spot market rather than a build-up of leverage in the derivatives market, analysts said, which could suggest further price gains. Matthew Dibb, co-founder of crypto index fund provider Stack Funds, said: "Ethereum's funding rate remains unchanged, and it turned negative on FTX earlier today. Our view is that the spot-driven rise in ETH is mainly due to Excited for the arrival of the EIP 1559 upgrade."
