headlines

headlines

Binance: Introducing VIP Lending Program

According to official news, Binance announced the launch of the VIP lending program. Users who use leveraged trading and lending products can become Binance VIPs or reach a higher VIP level. It is reported that from 8:00 on September 7, 2022, Beijing time, all users whose 30-day average daily effective net loan amount and daily BNB holdings meet the requirements can enjoy higher VIP level benefits. The effective net loan amount of margin trading, pledge loan and OTC loan will be included in the user's 30-day average daily effective net loan amount.

Binance.US: Offering Ethereum Staking Services to US Users

Binance.US will provide Ethereum staking service to US users, with a minimum pledge amount of 0.001ETH and a yield rate of 6%. Binance.US began to provide staking services to US users in June, and currently supports Cardano, Polkadot, Polygon, etc. (CoinDesk)

Fed's Collins: Inflation is too high, the Fed has raised rates sharply

Fed Collins said that "inflation is simply too high, the Fed has raised interest rates significantly, but there is still more work that can be done." (Golden Ten)

South Korea to set up crypto token securities market

South Korea’s Financial Services Commission (FSC) plans to open a separate digital securities market similar to KOSPI (Korea Composite Stock Price Index) to promote the institutionalization of cryptocurrencies.

According to Hyperallergic, in June and July, Pennsylvania and Washington clearly listed NFT as a digital asset subject to sales and use taxes.

Industry news

Industry news

Nansen Response: The address that withdraws $45 million from Curve Finance and Convex actually comes from Matrixport

According to Nansen, an on-chain analysis company, the address that had previously withdrawn $45 million from Curve Finance and Convex was not from Three Arrows Capital, but the address of Matrixport, an encrypted financial company owned by Jihan Wu.

Ouyi OKX market shows that ETH fell below 1500 USDT for a short time, and is now reported at 1503 USDT, a drop of 7.63% in 24H.

Project News

Project News

Multi-chain trading platform Wombat Exchange broke the Total Value Locked (TVL) record within 24 hours of its launch. Wombat Exchange locked up $217 million in stablecoins on its first day of operation, making it the largest stablecoin exchange on the TVL network.

zkSync 2.0 mainnet project registration is now open

Ethereum Layer 2 scaling solution zkSync announced that zkSync 2.0 project registration is now open. The deployment time of registered projects on the mainnet will be announced after the Proof Merging and Baby Alpha milestones. In addition, the mainnet will go live in 52 days as planned.

Optimism will gradually reduce the data transfer rate of public RPC nodes

Optimism will gradually reduce the data transfer rate of public RPC nodes

According to the official Twitter of OP Labs, Optimism will gradually reduce the data transmission rate of public RPC nodes in the next few months. Projects based on Optimism can build their own nodes or use solutions from trusted infrastructure providers (such as Alchemy, etc.) .

According to official news, Coinbase will list Convex Finance (CVX) and Ocean Protocol (OCEAN) on the Ethereum network (ERC-20). Trading will begin on or after 9:00 a.m. PT on September 8, 2022, subject to liquidity conditions being met.

SPACE ID: Phased registration of .bnb domain names postponed until next week

SPACE ID: Phased registration of .bnb domain names postponed until next week

The full-chain domain name service provider SPACE ID issued a document stating that due to the large amount of feedback from the community on the phased registration of .bnb domain names, it has decided to postpone the phased registration until next week.

BendDAO will suspend all functions 3 hours before the merger

According to Twitter, BendDAO will suspend ETH deposits, ETH withdrawals, new NFT loans, repayments and auction functions 3 hours before the merger.

Investment and Financing

Investment and Financing

Game company Gameplay Galaxy completes $12.8 million in seed round financing led by Blockchain Capital

Sports racing game company Gameplay Galaxy completed a $12.8 million seed round of financing, led by Blockchain Capital, with participation from Merit Circle, Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games, and Hustle Fund.

Omni Completes $11M Financing at $50M Valuation, Spartan Group Participates

Web3 wallet Omni announced that it completed an equity financing of US$11 million at a valuation of US$50 million in May this year. This round of financing was funded by Spartan Group, GSR Markets, Eden Block, OP Crypto, Shima Capital, Kosmos Ventures, Daedalus Angels, PrimeBlock Ventures, Figment Capital, Lattice Capital and Chorus One participated in the round.

Web3 Sports Platform HotStreak Completes $9 Million Series A Funding Led by Polychain Capital

Web3 sports betting platform HotStreak has completed a US$9 million Series A financing led by Polychain Capital. Other specific financing information has not yet been disclosed.

web3 energy company Tesseract completes $78 million financing led by Balderton

Tesseract announced the completion of $78 million in financing, with a valuation of $150 million. Investors include venture capital institutions Balderton, Lakestar, Accel, Low Carbon, Ribit Capital, Box Group, and former Formula 1 driver Nico Rosberg. Tesseract is a web3 startup aiming to tokenize energy businesses.

global policy

global policy

European Central Bank: The digital euro will only be used for personal payments in the initial stage, and support for DeFi can be considered later

Evelien Witlox, head of the European Central Bank's digital euro project, said at an event hosted by the European Economic and Social Committee, "In the first phase, the digital euro will only support payments initiated by people (C2C, C2B) and will not allow Businesses settling invoices, paying salaries, or decentralized finance.”

secondary title

Characters & Voices

Characters & Voices

Fed: No interest rate cut expected next year, economy will slow sharply

According to Cleveland Federal Reserve President Mester, "interest rates need to be raised to "slightly above 4%" by early next year and then maintained at this level. The U.S. economy is not currently in recession, but the risk of recession has increased , expecting a sharp slowdown in the economy," adding that "no interest rate cuts are expected next year." (Golden Ten)

Federal Reserve Vice Chairman Brainard: The encrypted financial system has the same risks as traditional finance, and it is very important to legislate for emerging financial fields

Brainard, vice chairman of the Federal Reserve, said that the encrypted financial system has the same risks as traditional finance. "I hope to see a similar regulatory system to deal with similar risks. It is difficult to legislate for emerging financial fields, but it is very important to do so. We need to evaluate central bank digital currencies in the context of the future of finance.

The probability of the Fed raising interest rates by 75 basis points in September rose to 74%