Headlines
200 million XRP unlocked from unknown escrow wallet, worth over $119 million
According to Whale Alert monitoring, 200 million XRP were unlocked from an unknown escrow wallet, worth US$ 119,178,067 .
Ethereum beacon chain stakes exceed 34 million ETH
Dune data shows that the total amount of Ethereum beacon chain staked is 34,048,349 ETH, and the staked ETH accounts for 27.83% of the total supply. Among them, the stake share of the liquidity staking protocol Lido reached 28.82%.
BTC fell below 63,000 USDT in the short term, with a 24-hour drop of 5.05%
OKX market data shows that BTC fell below 63,000 USDT in the short term and is currently trading at 63,128 USDT, a 24-hour drop of 5.05%.
Montenegrin court upholds ruling paving way for Do Kwons extradition to South Korea
The Montenegrin Court of Appeal upheld a ruling that Terraform Labs Pte. co-founder Do Kwon should be deported to South Korea, rejecting a proposal to send him to the United States. The ruling also upheld a fast-track extradition procedure previously issued by another Montenegrin court. After the ruling was announced, Do Kwons lawyer Goran Rodic said Montenegro would arrange the extradition with the assistance of Interpol and expressed the hope that the extradition could be completed as soon as possible.
Project News
Starknet: The official Discord server has been attacked, please do not interact with it
Starknet posted on X that the official Discord is currently under attack. Please do not interact with the server, click on any links, or reply to any messages until further notice. At the same time, it stated that it is working hard to resolve the problem and will provide the latest news through official channels. Please remain vigilant and protect your information.
Jupiter: Proposal to reduce JUP token supply now open for voting
Jupiter announced on the X platform that the proposal to reduce the supply of JUP tokens has now been launched for voting, with the main goal of providing more certainty, consistency and transparency to all JUP holders and the community. For this proposal, Meow and the core team proposed to reduce the total supply by 30%, from 10 billion to 7 billion. It is reported that the Jupiter team voluntarily cut 30% of its designated allocation.
Aevo has repurchased 1 million AEVO in July
Aevo posted on the X platform that it purchased 1 million AEVO at an average price of $0.446 in July through its token repurchase process, and also promised to repurchase at least 1 million AEVO per month from July to December.
Wormhole plans to unlock 6% of W tokens on August 3
The cross-chain interoperability platform Wormhole announced on the X platform that it plans to unlock 6% of the W tokens on August 3, 2024. At that time, the community’s total 17% of tokens will be unlocked. These tokens will be managed by the Wormhole Foundation and will only be used for future community-related projects.
The official makenow.meme X account has been frozen
The official X account (@makenowmeme) of Solana MEME coin issuance platform makenow.meme has been frozen.
Investment and Financing
Web3 startups raised more than $1.1 billion in funding in July
Web3-based startups raised more than $1.1 billion from venture capitalists across 118 deals in July.
Crypto lending company Morpho announced the completion of a $50 million strategic round of financing, led by Ribbit Capital, with participation from a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures. The specific valuation information has not been disclosed yet.
According to official news, Binance Labs announced its investment in Particle Network. This L1 solution unifies all chains through universal accounts to solve the user and liquidity fragmentation problems in Web3.
MetaDAO Completes $2.2 Million Funding, Paradigm Leads Investment
Solana ecosystem governance experimental project MetaDAO announced the completion of $2.2 million in financing, led by Paradigm. It is reported that the project is similar to the prediction market Polymarket. MetaDAOs anonymous founder Proph3t said that Paradigm will hold 3,035 META tokens, becoming the largest single holder of META, accounting for 14.6% of the total supply.
OKX Ventures and Aptos Foundation jointly launch $10 million fund
According to official news, OKX Ventures, the investment arm of OKX, and the Aptos Foundation jointly announced today the launch of a new $10 million fund to support the development of the Aptos ecosystem and the widespread adoption of Web3. The fund will be used to develop an accelerator program in partnership with Ankaa to support the growth of high-quality projects and applications based on Aptos. The accelerator will provide selected Aptos ecosystem projects with venture capital support, focused guidance, market exposure, and a broad network of experts from the OKX team, Ankaa, and the Aptos Foundation.
Character*Voice
QCP Capital said in its latest analysis that the main conclusion of yesterdays FOMC was that the Fed was clearly inclined to dovishness: the impact of a potential rate cut in September has been fully digested by the market. However, the cryptocurrency market was not affected by the stock market rebound and experienced a broad sell-off overnight until this morning. The market remains nervous, and traders are closely watching the daily Ethereum spot ETF outflows and the further supply pressures imposed by Mt.Gox and the US government.
10x Research said in its report that while the Feds statement remained flexible and did not explicitly state that a rate cut would be made in September, Chairman Powells comments in the subsequent QA session hinted at the possibility of a rate cut, depending on the expected decline in inflation. Previously, Powell said that the Fed would only start cutting rates when the case for multiple rate cuts was clear enough. If the Fed continues to cut rates in September, there may be several more rate cuts if the economy remains stable, providing substantial stimulus to financial markets.
DWF Labs Co-creation: Focusing on CeDeFi synthetic stablecoin project
DWF Labs co-founder Andrei Grachev posted on X that the agency is focusing on a CeDeFi synthetic stablecoin that will allow users to earn substantial returns without losing any flexibility in using their assets.
