LianGuai Daily | Ethereum Mainnet Celebrates its 8th Anniversary; 90 Virtual Asset-related Companies Have Intention to Settle in Hong Kong Since October Last Year

Today’s News Highlights

1. Musk: X Headquarters will remain in San Francisco

2. Opera GX browser introduces “Fake My History” feature, allowing users to fake browsing history after they “die”

3. Hong Kong Treasury Bureau Chief: Since October last year, 90 virtual asset-related companies have expressed interest in setting up in Hong Kong

4. Ethereum Proof of Service EAS has completed native integration with OP Stack

5. Data: Ethereum mainnet has been online for 8 years, with a total transaction volume of 9.93 billion ETH

6. Gucci launches Vault Material NFT physical redemption feature

7. Huawei Cloud Web3.0 node engine service NES goes live in public beta

8. CME Bitcoin futures monthly trading volume hits new annual high

Regulation

Hong Kong Treasury Bureau Chief: Since October last year, 90 virtual asset-related companies have expressed interest in setting up in Hong Kong

Recently, Hong Kong’s Treasury Bureau Chief, Mr. Christopher Hui, mentioned in an interview with the media during his visit to three ASEAN countries with Hong Kong Chief Executive Mrs. Carrie Lam that since the release of the “Policy Statement on the Development of Virtual Assets in Hong Kong” in October last year, 90 mainland and overseas companies related to virtual assets have expressed interest in setting up in Hong Kong. He expressed confidence that the government will establish a comprehensive licensing system for virtual asset service providers by mid-year to ensure the stable and orderly development of the market and safeguard the interests of investors.

NFT

Gucci launches Vault Material NFT physical redemption feature

Gucci, a brand under the Kering Group, has launched a redemption feature on partner platform 10KTF.shop. One Gucci Vault Material NFT can be redeemed for a wallet, while three NFTs are required to redeem the Gucci x 10KTF collaboration luggage. Prior to this, there had been months of speculation about the intended use of the 2,896 NFTs minted in March.

Project Updates

Musk: X Headquarters will remain in San Francisco

Elon Musk tweeted that despite many offering generous incentives for X to move its headquarters out of San Francisco, they will not do so. X will remain in San Francisco.

Opera GX browser introduces “Fake My History” feature, allowing users to fake browsing history after they “die”

Opera’s Opera GX browser has recently announced the launch of the “Fake My History” feature, where users, after they “die” (or haven’t used the browser for 2 consecutive weeks), not only have all their browsing history cleared, but also have fake browsing records created to ensure their search history is not discovered by others.

By enabling this feature, users can have their browser history automatically deleted after 14 days of inactivity and replaced with carefully selected predefined links. Additionally, they can select the “Pretend I’m dead” checkbox, which will take effect immediately.

The Sandbox will suspend cross-chain transactions for one week starting on July 31

The official announcement from The Sandbox states that cross-chain transactions will be suspended for one week starting on July 31 for maintenance until the following weekend. More details will be announced after the resumption of service.

Ethereum Attestation Service (EAS) completes OP Stack native integration

Ethereum Attestation Service (EAS) has completed native integration with OP Stack. All OP Stack chains deployed in the future will automatically include the genesis EAS contract.

EAS states that integration with OP Stack will make attestations a fundamental element in Superchains, not only promoting the adoption of attestations in Superchains, but also establishing new standards for information verification and trust building.

Huawei Cloud Web3.0 Node Engine Service (NES) launches public beta

Huawei Cloud Web3.0 Node Engine Service (NES) has launched its international site for public beta testing. Currently, the Web3.0 Node Engine Service provides fully managed full node services, helping DApp developers and network validators achieve fast, stable, and efficient network connections. The service currently supports Ethereum and TRON networks, with plans to support Polygon, Arbitrum, Starknet, Optimism, and more in the future. Currently, only the “Asia-Pacific Singapore” region supports Ethereum network node engines and staking.

Important Data

Data: Ethereum mainnet celebrates its 8th anniversary with a total transaction volume of 9.93 billion ETH

On July 30, 2015, the Ethereum mainnet officially launched and produced its genesis block, which included 8,893 transactions and provided a block reward of 5 ETH. Currently, the Ethereum mainnet has been running for 8 years. According to OKLink data, the total number of transactions on Ethereum has exceeded 2.05 billion Txns, the total number of addresses is 296 million, the number of contract addresses is 61.61 million, and the total transaction volume has reached 9.93 billion ETH.

CME Bitcoin futures monthly trading volume reaches new annual high

Despite declining trading volumes on cryptocurrency exchanges, CME Group achieved its highest monthly trading volume this year in July. CME’s Bitcoin futures market reached a volume of 53.33 billion USD, surpassing the previous record set in April, with one trading day remaining in July. In April, the company’s contract trading volume reached 53.06 billion USD.

As of July 29, open interest in CME’s Bitcoin futures market was 2.5 billion USD. The market is popular among institutional investors such as hedge funds and large trading companies.

The Graph Q2 report reveals a 48% decrease in revenue from the demand side

Messari has released the Q2 report for The Graph, a decentralized indexing protocol. The report shows that as of Q2 2023, The Graph’s hosted service deployed 1,082 subgraphs on the mainnet, a 39% increase compared to the previous quarter. The demand-side revenue of The Graph, measured in USD, decreased by 48% in Q2. This is due to the optimization of DApp queries and a decrease in the usage of governance activities and decentralized infrastructure. Indexing rewards exceeded 9 million USD, a 3% increase compared to the previous quarter. Delegators received 64% of the total indexing rewards distributed in Q2. After the MIPs incentive program, active indexers for The Graph decreased by 29% compared to the previous quarter.

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