Dogecoin"Dogecoin"Triggered a sharp rise in currency prices; the total lock-up volume of Ethereum DeFi exceeded 3 billion US dollars

黄雪姣

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2020-07-20 07:39 (UTC+8)

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The total lock-up volume of Ethereum DeFi exceeded US$3 billion, and the lock-up volume of iearn soared to more than US$111 million

According to DeBank data, the total lock-up volume of Ethereum DeFi exceeded US$3 billion, and Compound ranked first with US$641.9 million. In addition, the iearn series of DeFi products recently launched the governance token YFI, and the total lock-up volume increased from less than US$10 million on July 17 to more than US$111 million.

Dogecoin soared 16% at one point, or it may be related to Musk's "calling orders"
According to news earlier today, when asked about Bitcoin, Elon Musk replied on Twitter that he "only sells Dogecoin", and a picture of "Dogecoin Dust Storm" swept across the city named "Global Financial System".

digital currency

Data: Ethereum transaction fees are up 500% since April

According to recent data provided by Glassnode, the average daily gas price for Ethereum transactions exceeds 50 Gwei. That transaction cost was five times higher than in April and the highest in nearly two years. Some analysts and supporters of the network believe high transaction fees may be responsible for ethereum's decline in the long run. (Bitcoinist)

Data: The total number of tokens anchored to BTC on the Ethereum chain has reached 15529.81

According to data from Btconethereum.com, the total number of tokens anchored to BTC on the Ethereum chain has reached 15,529.81, or about 142 million U.S. dollars. Among them, the total amount of WBTC is 11655.35, the total amount of renBTC is 1636.9, and the total amount of sBTC is 816.34.

The downtime of CDN service provider Cloudflare in the early hours of yesterday led to a decline in Bitcoin transaction volume

At 9:46 UTC on July 17th (5:46 on July 18th Beijing time), CDN service provider Cloudflare reported a downtime on its website. This affected much of the internet and resulted in a drop in Bitcoin transaction volume. Bitcoin engineer and expert Jameson Lopp said that this shows that a large number of encrypted users mainly use centralized storage and transaction options, which makes the field not as decentralized as the ideal and technology established by the industry. (Cointelegraph)

Half of 28 Institutional-Facing Crypto Custody Firms Are Based in the USHalf of the 28 firms that provide crypto custody services to institutional clients are based in the United States, followed by Hong Kong SAR, Switzerland, and the United Kingdom. The reason why the United States is so favored may be that customers are more familiar with the rules and regulations in the United States. (The Block)

Compound's loan balance exceeds $1 billion

According to DeBank data, the DeFi loan balance reached 1.27 billion US dollars. Among them, Compound exceeded 1 billion US dollars, ranking first in loan balance, which is 5 times that of the second Maker (203 million US dollars in loan balance).

As previously reported, a report released by asset management and research firm Zeus Capital defined the decentralized oracle network Chainlink (LINK) as a "fraudulent project." The report pointed out that the Chainlink project had insider trading and other behaviors and was about to face collapse, and Chainlink avoided making commitments on the mainnet launch date.

Chainlink’s short report may be dominated by Nexo, the two parties announced their cooperation at the beginning of the month

Twitter netizens found evidence that the centralized lending company Nexo may be behind Zeus Capital, which released a Chainlink short-selling report a few days ago. The source codes of the websites of Zeus Capital and Nexo show that they both use the same form system with the same prefix of nexofinance.typeform.com. In addition, some users found that the name Simeon appeared in the hyperlink in the report, which may represent the research director of Nexo Simeon Rusannov. In addition, Nexo’s loan of 350,000 LINK on the Aave platform a few days ago may also represent the institution’s use of the funds for short-selling operations. What's more interesting is that earlier this month, the centralized lending platform Nexo planned to integrate Chainlink into Nexo's lending and trading business.
As previously reported, a report released by asset management and research firm Zeus Capital defined the decentralized oracle network Chainlink (LINK) as a "fraudulent project." The report pointed out that the Chainlink project had insider trading and other behaviors and was about to face collapse, and Chainlink avoided making commitments on the mainnet launch date.

Blockchain industry

Crypto Entrepreneurs Prepare to Sue Google, Facebook and Twitter in Australia

Cryptocurrency entrepreneurs are preparing to sue Google, Facebook and Twitter in a class action lawsuit in Australia. The lawsuits in the pipeline have so far attracted litigants with a combined claim value of US$600 million (A$872 million), a figure that has increased as more people join the proceedings. Sydney-based law firm JPB Liberty, which represents the companies and individuals, said the clients' businesses had been hurt by Google, Facebook and Twitter's ban on cryptocurrency advertising in 2018. They will sue the Australian subsidiary and parent company for breaching Australian competition and consumer laws. JPB Liberty is organizing institutional litigation funders, venture capital and ideologically-liked investors to fund the case. Claimants will receive 70 percent of the final settlement or damages, while funders will receive 30 percent. (Daily mail)

Employees of a mining company allegedly involved in massive cryptocurrency fraud were brought on trial and sentenced to prison. A judge of the Incheon District Court announced today that A (43 years old), the secretary to the president of a cryptocurrency mining company who was prosecuted for violating laws related to fraud and door-to-door sales, was sentenced to 2 years and 6 months in prison. Mr. A is suspected of working in a multi-stage encrypted currency mining machine operation agency company from May 1 to September 23, 2017. Together with the president, vice president and others, he obtained cryptocurrency mining machine purchase money from the victim 3313 billion won (about 275 million U.S. dollars). (Yonhap News Agency)

global policy

The U.S. may enact rules for reporting exchange information under Section 6045 of the Internal Revenue Code (IRC)

The U.S. government is still studying how crypto exchanges report transactions. Erika Nijenhuis, senior advisor at the U.S. Office of the Treasury’s Office of International Tax Counsel, said the government is still working on reporting rules for exchanges, which could potentially allow exchanges like Coinbase to report under Section 6045 of the Internal Revenue Code (IRC). This article stipulates that when the Secretary-General issues a request, the intermediary must report the name and address of each customer, as well as other information such as total revenue. (CryptoPotato)

Japan Crypto Assets Business Association (JCBA) Announces Creation of Stablecoin Chapter
The Japan Crypto Assets Business Association (JCBA) has announced that it has created a stablecoin chapter aimed at deepening the understanding of the risks and benefits of stablecoins. JCBA pointed out that stablecoins may become the future digital payment method because they provide stability anchored to the price of underlying assets.

It is reported that the members of the committee include Coincheck, BITPoint Japan Co. Ltd, bitFlyer, Huobi Japan Inc, bitFlyer Blockchain and other 39 blockchain/cryptocurrency related companies. (JCBA official website)

Luo Qiang, the mayor of Chengdu, stated in the government work report that Chengdu will speed up the construction of a western financial center. In-depth implementation of the "Jiaozi Star" economic securitization multiplication action plan to promote the accelerated construction of the Shanghai Stock Exchange, Shenzhen Stock Exchange, and the western base of the New Third Board. Accelerate the construction of a blockchain intellectual property pledge financing service platform, promote the establishment of a digital asset trading center, and solidly promote the legal digital currency pilot. (Sichuan News Network)