Headline
▌ HashKey will start retail trading of Bitcoin and Ethereum in Hong Kong from August 28th
According to LianGuai, starting from August 28th, HashKey will provide cryptocurrency trading services to retail customers in Hong Kong. Investors are only allowed to invest up to 30% of their net assets in cryptocurrencies on this platform.
▌Security Warning: Scammers using malicious Blur bid signatures to steal user ETH deposits
According to LianGuai, Scam Sniffer has issued a warning on social media that phishing scammers have started using malicious Blur bid signatures to steal all ETH deposits made in Blur. A victim lost 333 ETH 18 hours ago due to this scam operation. The scheme works by initiating a malicious Blur bid signature when you connect your wallet to a phishing website. This bid provides a price for a garbage or unknown NFT, which is equal to the balance of your Blur ETH.
- LianGuai Daily | PEPE claims former member stole multi-signature tokens for cash; Hashdex applies to hold spot bitcoin in its bitcoin futures ETF.
- Hong Kong Securities and Futures Commission’s half-year review 35 events explore virtual assets, issuing new exchange licenses.
- Reviewing the Cryptocurrency Bull and Bear Cycles When Will the Next Bull Market Arrive?
Market Information
As of press time, according to coinmarketcap:
Bitcoin (BTC) recent trading price is $26,040.7, with a daily change of -0.04%;
Ethereum (ETH) recent trading price is $1,649.1, with a daily change of -0.30%;
Binance Coin (BNB) recent trading price is $216.59, with a daily change of -0.69%;
Ripple (XRP) recent trading price is $0.52469, with a daily change of -0.31%;
Dogecoin (DOGE) recent trading price is $0.062949, with a daily change of -0.19%;
Cardano (ADA) recent trading price is $0.2612, with a daily change of +0.07%;
Solana (SOL) recent trading price is $20.328, with a daily change of -0.10%.
Policies
▌Response from CEO of Cyberport regarding the HKD 50 million financial allocation plan
According to LianGuai, Herman Lam, CEO of Cyberport in Hong Kong, stated in an interview with LianGuai reporters that the HK government’s financial budget allocation of HKD 50 million for Cyberport’s Web3 development is not a specific funding plan for individual companies, but rather for talent cultivation, industry development, and promotion as a whole. This funding plan will be used within two years, with most of the funds being used in the first year. As for funding specifically for web3 companies, the maximum grant that companies in Cyberport can receive is HKD 1.1 million. This will be a two-year funding plan, and eligible companies can apply for grants at various stages of development.
Blockchain Applications
▌Holesky public testnet genesis file has been generated
August 26th news, Ethereum Foundation engineer Barnabas Busa tweeted that the Holesky public testnet genesis file has been generated and merged into the main branch of the Holesky library in the Ethereum client on GitHub. The launch date of the Holesky public testnet is September 15th, 2023, 22:00 Beijing time, and the genesis block will have 1,460,000 validation nodes, making it the largest public network to date. The Ethereum Foundation will distribute over 2 billion hETH during the genesis phase, and the Faucet and RPC endpoints will be launched shortly after the genesis event to distribute some additional hETH deposits. Developers have tried to minimize the size of the genesis state, but it still reaches 197MB.
Cryptocurrency
▌Bitcoin circulation speed at a three-year low
LianGuai reported that Ki Young Ju, CEO of cryptoquant, tweeted that the circulation speed of Bitcoin is at a three-year low. There are two aspects to this situation. It can be seen as positive because whales are holding it, or it can be seen as negative because it has not been transferred to new investors.
▌The top 10 addresses of Ethereum now hold over 35% of the circulating supply
LianGuai reported that data tracked by Santiment shows that the top 10 addresses on the Ethereum network now hold over 35% of the circulating supply. This does not mean that Ethereum is centralized, but it shows the FUD surrender exhibited by small traders in this downturn.
▌The issuance of stablecoin UXD has exceeded 17 million
LianGuai reported that the official announcement from the UXD Protocol, an algorithmic stablecoin protocol, stated that the issuance of the stablecoin UXD has exceeded 17 million.
▌The Yearn community’s proposal for “V3 launch” has started voting and will end on August 31st
August 26th news, according to the Snapshot voting page, the Yearn community’s proposal for “V3 launch” has started voting and will end on August 31st. Earlier, the Yearn community initiated the YIP proposal for Yearn V3, proposing the launch of a complete V3 system that allows anyone to deploy V3 vaults and strategies without permission.
▌The market value of USDC has fallen below $26 billion, reaching a two-year low
August 26th news, according to CoinGecko data, the market value of USDC has fallen below $26 billion, reaching a two-year low, far from the high point of $56 billion in June last year. At the same time, the market value of USDT once exceeded $83 billion and is now reported at $82.8 billion.
▌FDUSD’s market value has exceeded $300 million in just one month since its launch
LianGuai News: First Digital Labs tweeted that FDUSD has reached a market capitalization of over $300 million in just one month since its launch. Binance now offers 7 trading pairs related to FDUSD, and FDUSD is integrated with Binance’s P2P platform, supporting automatic investment, full margin trading, and isolated margin trading.
Important Economic Developments
▌Bank of Japan: Current state of low inflation in Japan supports the central bank’s current monetary policy framework
According to Jinse Data on August 27th, in a panel discussion at the Jackson Hole Symposium, Bank of Japan Governor Haruhiko Kuroda stated that the current low inflation in Japan supports the central bank’s current monetary policy strategy. The CPI in Japan, excluding food, is expected to slow down in the remaining time until 2023. Kuroda said, “We believe that domestic demand is still on a healthy trend, although this needs to be verified with third-quarter data.” Japan faces the risk of not attracting large companies to invest in Japan. The improvement in the US economy has a certain offsetting effect on Japan. Kuroda did not comment on the level of exchange rates in his speech. (Jinse Data App)
▌Japanese gold retail prices reach new highs
According to Kyodo News on August 26th, the retail price of gold at Tanaka Kikinzoku Kogyo (Tokyo), which is considered a benchmark for gold retail prices in Japan, reached 9,968 yen per gram, an increase of 20 yen from the previous day, marking the second consecutive day of reaching a record high price. (Jinse Data App)
LianGuai Encyclopedia
▌Fork
Refers to the situation where two blocks pointing to the same parent block are generated simultaneously, and some miners see one block while others see the other block. This results in the simultaneous growth of two blockchains. Generally, as miners on one chain get lucky and that chain grows, all miners will switch to that chain, and the fork will mathematically resolve itself within about four blocks.
Disclaimer: LianGuai, as a blockchain news platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.
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