Grayscale Ethereum Trust was approved by the SEC, and Aave raised another $25 million. Is the market going to come back?
Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
, reprinted by Odaily with authorization.
After experiencing a downturn, the cryptocurrency market seems to be improving. A lot of good news has come out one after another, and the prices of mainstream currencies have performed well.
At the same time, DeFi projects are also continuing to innovate iteratively. Let's talk about three aspects:
1) DCEP starts trial in Shenzhen
2) Grayscale Ethereum Trust has been approved by the SEC
3) New DeFi projects continue to be staged
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1. DCEP starts trial in Shenzhen
Although we didn’t win the lottery, let’s enjoy DCEP, the central bank’s digital currency.
The central bank’s digital currency has a small-scale experience. 1.92 million people participated in the application for 50,000 places, and the enthusiasm for participation is very high. Although the digital currency of the central bank is very different from the digital currency of the blockchain, it is conducive to the development of digital currency.
After all, both are digital currencies, which are conducive to the spread of blockchain digital currencies and can enhance people's recognition and curiosity about digital currencies.
The central bank’s digital currency has been used in a small area. If it works well, then it will be promoted on a large scale, and the central bank’s digital currency will not be far away in daily life.
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2. Grayscale Ethereum Trust has been approved by the SEC
When this news came out, everyone was very excited, and ETH also rose sharply because of this. So far, Grayscale Ethereum Trust has become its second digital currency investment vehicle that has obtained a declaration permit.
In January this year, Grayscale Bitcoin Trust applied for registration with the SEC, becoming the first digital asset tool that meets the standards of the US Securities and Exchange Commission; in April, Grayscale Bitcoin Trust officially came into effect; Submit an Ethereum Trust registration application.
According to information on September 28, Grayscale Bitcoin Trust now holds 450,000 BTC, accounting for 2.4% of the current supply.
Seeing this data means that Grayscale will purchase a large amount of ETH. As for how much will you buy? It's good to watch the performance, it must be indispensable.
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3. DEFI's continuous iterative innovation
1. Aave raises another $25 million
Aave, the leader of the lending track in DeFi, announced that it has completed a financing of 25 million US dollars. The investors are Blockchain Capital, Standard Crypto and Blockchain.com ventures and other institutions.
Aave CEO Stani Kulechov said that Aave will use the funds to expand the Asian market, promote the popularization of DeFi among institutions, and expand the team size.
For Aave, this is great news. Unfortunately, due to the currency exchange, the exchanges delisted lend yesterday and are preparing to list Aave tokens. With such great good news, the price of Lend has not fluctuated greatly.
Of course, this matter is a long-term positive thing for aave, and it will always be reflected in the currency price.
For DeFi, it shows that capital continues to be optimistic about DeFi. Don't say that DeFi has collapsed, it's just unsupported mining coins that collapsed. Valuable DeFi projects are slowly recovering.
2. Cofix.io introduces oracle DEX
CoFiX launched a new AMM trading platform last night, and launched liquidity mining and transaction mining plans at the same time.
CoFiX, a new automated market-making protocol, has received a total of US$500,000 in financial support from Huobi DeFi Labs, an encryption venture capital institution, Dragonfly Capital, and Coinbase Ventures.
CoFiX is characterized by the introduction of oracle machines for quotations, reducing arbitrage space.
Last night, I experienced the price of ETH on cofix, which is lower than that of uniswap and Binance, as shown in the figure below. During the same period, the price of Binance was 1eth=387usdt.
