The initial version of ETHW Core has been released, and Tether's market value increased by nearly 2 billion US dollars in August

【Data Intelligence】

Tether's Market Cap Gains Nearly $2 Billion in August

The data shows that the market value of Tether (USDT) has increased by nearly US$2 billion in August. The market value of the stablecoin was approximately US$65.71 billion on August 1, and fell to US$65.59 billion on August 4, but reached 67.52 billion on August 15. billion US dollars hit a new high in the month, an increase of about 1.93 billion US dollars. In contrast, the market value of USDC, another USD stablecoin, has evaporated by more than US$1 billion in August. The market value of USDC hit US$54.731 billion on August 1, but fell to a new monthly low of US$53.593 billion on August 13, and the market value decreased $1.138 billion.

The total value of zkSync bridge storage exceeds 150,000 ETH

According to data from Dune Analytics, the Ethereum Layer 2 expansion solution zkSync cross-chain bridging storage has a total value of more than 150,000 ETH, which was 159,615 ETH at the time of writing (over 300 million U.S. dollars based on the current ETH price), users participating in bridging transactions The quantity is 352,348.

【 Regulatory News 】

Economic Daily: Hype of virtual currency should be "cool"

According to the news on August 15, a few days ago, information from the State Cyberspace Administration of China showed that with the rise of virtual currency, related speculation, hype, fraud and other activities have intensified. Propaganda is confusing, blindly participates in related trading activities, and brings great losses to one's own property. Since the beginning of this year, the Cyberspace Administration of China has attached great importance to the clues reported by netizens, and has taken multiple measures to clean up and deal with a number of illegal information, accounts and websites that promote and hype virtual currencies. Relevant departments should cooperate closely to systematically implement policies in terms of cutting off payment channels, disposing of relevant websites and mobile applications according to law, strengthening the registration of relevant market entities and advertising management, etc., to comprehensively prevent and deal with the risks of virtual currency transaction speculation.

Zimbabwe Central Bank Governor: Hasa roadmap for CBDC adoption

Nearly six months after announcing that the Reserve Bank of Zimbabwe(RBZ) intends to explore the feasibility of launching a central bank digital currency (CBDC), the bank’s Governor John Mangudya recently revealed that the central bank now has a roadmap for an envisioned digital currency. The bank's roadmap is in line with the government's November 2021 decision on a CBDC. Nonetheless, Mangudya said in his second monetary policy statement this year that the RBZ is now eager to hear from stakeholders. In addition to the consultation paper, the RBZ will also "conduct a consumer perception survey on CBDC". The findings of the two operations “will enable the World Bank to participate in pilot projects related to CBDCs”.

【Industry Trends】

Ethereum Development Platform Infura Has Fully Supported Arbitrum Goerli Testnet

The Ethereum development platform Infura has fully supported the Goerli test network of Arbitrum, the second-layer expansion solution.

aUSD has recovered to around $0.89

aUSD has recovered to around $0.8971, according to CoinMarketCap data. According to previous news, a security team said that the Acala project modified the reward ratio of the aUSD pool, which caused the rewards of the pool to be enlarged.

ETH 24-hour perpetual futures contract volume hits 1-month low on Bitmex

Glassnode data shows that ETH perpetual futures contract trading volume (24 hours) has just reached a one-month low of $133,308,302.36 on Bitmex, compared with the previous one-month low of $134,557,300.13.

Shiba Inu's market capitalization returns above $10 billion

According to the latest data, the market value of meme token Shiba Inu (SHIB) returned to above US$10 billion on August 15, and has risen for four weeks (the last time this happened was in September 2021, when Shiba Inu reached US$0.000088 historical highs). As of this writing, SHIB’s market capitalization has dropped slightly to $9,979,450,708. The community has recently placed high hopes on the launch of Shibarium (Layer 2) and Shiba Inu Financial Ecosystem (SHIBFE), while Shibarium Public Beta TestNet is expected to be launched this quarter, while the launch of Metaverse and Shiba Inu NFT Ecosystem is scheduled for 2022. fourth quarter. According to WhaleStates data, the top 2,000 Ethereum whales have been actively holding SHIB. As of August 13, these whales held Shiba Inu worth more than $179.34 million.

The Uniswap front-end has begun to block addresses that receive Tornado small transfers

According to news from the community on August 14, the Uniswap front-end has now begun to ban addresses that have received transfer pollution from Tornado Cash-related addresses. The content of the prompt shows that the address is blocked by the Uniswap Labs interface because the address is related to one or more prohibited activities. In addition, Uniswap has also provided a complaint channel.

【Elite Viewpoint】

Binance exec: Retail investors are piling into Bitcoin and cryptocurrencies

According to a new report from Reuters, Binance Latin America head Maximiliano Hinz said that rising global inflation is driving investors to buy BTC and other digital assets, as A means of protecting wealth. Binance is seeing a surge in new users due to inflation and a stronger U.S. dollar, Hinz said. Argentina is one of the crypto exchange giant's best-performing markets, with an annual inflation rate of 71% as of July. Brazil and Mexico are also Binance's largest markets. Regulation is a framework, but having something unregulated is not always a negative. If something is not prohibited, then it is legal.

FTX.US President: The Crypto Winter Is "Beginning to Unfreeze"

According to a report published by The Daily Hodl, the president of FTX.US claimed that the transaction shows that the cryptocurrency winter is "beginning to thaw," noting the huge impact of institutional demand on crypto assets. He claimed that now is the "time to build" so that the tools and capital are ready for investors to start trading cryptocurrencies in large numbers again. Harrison also pointed to the rise in crypto asset prices across the market and the end of forced liquidations and crypto company failures. According to him, the combination of rising prices and positive sentiment seems to have contributed to the narrative that the crypto winter is coming to an end.

【What to watch today】

Ethereum Pow: The initial version of ETHW Core has been released, including features such as disabling the difficulty bomb

On August 15th, the Ethereum fork project Ethereum Pow tweeted that the initial version of ETHW Core has been released on GitHub. The main features are: 1. Difficulty bomb disabled; A multi-signature wallet jointly managed by miners and the community; 3. Adjusted the initial mining difficulty of ETHW. Previously, the ETC Coop and Ethereum Pow teams debated whether Ethereum should fork after the merger. The Ethereum Pow team has stated that EIP-1559 will be abolished after the fork, and the PoW and Nakamoto consensus mechanisms will be maintained in the foreseeable future. Ethereum Pow will be differentiated from the PoS chain with the goal of becoming fully autonomous and self-sustaining without any governance entity, which will be achieved within the next three years.

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