| The new yield farming project attracted $200 million in 12 hours; the transaction gas fee on Uniswap surpassed USDT and topped the list

黄雪姣

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2020-08-20 08:15 (UTC+8)

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Yield farming enthusiasm continues.

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Yield farming enthusiasm continues.

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Yield farming frenzy continues: Unaudited Spaghetti Money launches $200 million in 12 hours
The yield farming frenzy continues: Investors have poured $200 million into Spaghetti Money, a 12-hour-old “meme” cryptocurrency that has not undergone any audits. The token provides staking pools for DeFi tokens such as yEarn (YFI), Maker (MKR), and Compound (COMP). The project was launched just 10 hours ago, and investors have so far invested a total of $203 million in digital assets on the protocol.

It is worth noting that Spaghetti has not disclosed the team, and its code has not been audited, and some codes for staking rewards even come from YAM. The project also has a native PASTA token — which has no functionality since it has no governance model — which will be publicly distributed via a staking pool sometime in the next seven days. Spaghetti is understood to be the latest in a string of "meme" cryptocurrencies that pop up seemingly overnight, often with a catchy name and emoji, attracting traders to pour millions of dollars funds. (CoinDesk)

According to data from OKLink, the transaction gas fee on Uniswap reached 180.17 ETH (about 75,900 U.S. dollars) within 3 hours, surpassing USDT to top the list, accounting for 16.55% of the gas fee of the entire Ethereum network. USDT, which previously ranked first, had a gas fee of 145.49 ETH within three hours, or about 61,200 US dollars, accounting for 11.63% of the entire network, temporarily ranking second. The current Ethereum Gas fee continues to be at a recent high level. The recommended Gas fee is 110 Gwei, and the number of transactions to be confirmed on the entire network exceeds 150,000.

digital currency

The Medalla validator participation rate on the Ethereum 2.0 testnet has picked up significantly, and it may be re-launched tonight or tomorrow

Ethereum 2.0 testnet Medalla may come back online later today or tomorrow, as validator participation has increased significantly to nearly 60%. The developers are now offering tokens to push other validators back into sync. Because only the validator participation rate needs to meet the standard for the network to function properly. Raul Jordan, co-founder of Prysmatic Labs, said: "The Medalla validator participation rate is currently 56%, and this needs to be greater than 66%. If you have run a validator before, or your node crashed in a previous version, we are more than happy to help You are back up and running." (Trustnodes)

The Filecoin Big Miner Test Competition will be officially launched on August 25th, Beijing time

Filecoin officially announced that the big miner test competition will be officially launched at 6:00 am (Beijing time) on Tuesday, August 25th. The competition will last for 3 weeks and reward a total of 4 million FIL.

Curve team members: Starting from the 28th, users will be able to vote to lock CRV to get up to 2.5 times the liquidity reward

Curve.finance team member Charlie tweeted that the governance forum and DAO will be released in the next few days. In addition, from the 28th, users will be able to vote to lock their CRV to get up to 2.5 times the liquidity reward.

Report: Over 20 Yield Farming projects have been produced since mid-June

Delphi Digital released a Yield Farming insight report stating that since Compound Finance ignited the spark in mid-June, with liquidity chasing huge returns, DeFi’s TVL has risen from $1.1 billion to $6.2 billion. There are now more than 20 Farming projects that are farming income through loans, DEX, derivatives, personal tokens, prediction markets, and NFT.

On August 19, the blockchain security company PeckShield (PeckShield) officially announced the completion of the security audit of the YAM2.0 smart contract. YAM 2.0 will carry out the system migration of the YAM 1.0 contract. At the same time, currency holders can perform 1:1 mapping to make necessary preparations for the launch of their mining products. PeckShield said: "After several days of rigorous security audits, we found that the overall design of the YAMv2 migration contract is clear, the logic is rigorous, and the code is concise and effective."

Blockchain industry

Investment and Financing

Findora Foundation announced the completion of tens of millions of dollars in financing, led by Polychain Capital

The Stanford privacy blockchain project Findora Foundation officially announced that it has completed a new round of financing of tens of millions of dollars, led by Polychain Capital, with investment institutions such as PowerScale Capital and a group of Family Offices and ultra-high-net-worth individuals participating in the investment. Findora Foundation stated that the new funds will be used for marketing, team expansion, and to accelerate the process of launching the mainnet, which will greatly improve the efficiency of DeFi transactions and promote the flexibility of the financial market. The star technical team of Findora Foundation includes the inventors of the Filecoin consensus mechanism and Bulletproofs, the Monero privacy transaction technology.

Bitwell, an encrypted asset derivatives service platform, received a strategic investment of US$1.5 million from Collin Capital
Bitwell, an international derivatives service platform focusing on blockchain encrypted assets, announced on Twitter that it has recently received a strategic investment of US$1.5 million from Collin Capital.

Xu Yinglong, CEO of Collins China, believes that the digital asset spot market is gradually heating up, while the digital asset derivatives market is in an early stage, so there is huge room for it. This financing means that Collin Capital is optimistic about the blockchain digital asset derivatives track and recognizes the Bitwell team and business model, and it also lays a good foundation for Bitwell's global strategic layout.

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global policy

Tokyo court issues Japan's first confiscation order for cryptocurrency
The Tokyo District Court has issued the first confiscation and property preservation order for cryptocurrencies in Japanese history. The preserved property is NEM (XEM) and Bitcoin worth 4.8 million yen that flowed out in the Coincheck incident in January 2018 and were transferred to other trading platforms in the country.

In March, two men linked to the Coincheck incident were arrested by the Metropolitan Police Department on suspicion of illegally obtaining stolen virtual currency. The Metropolitan Police Department stated that the two arrested people knew that it was XEM flowing out of the dark web, but they still chose to buy it. However, due to the use of the dark web, the hacker who attacked Coincheck is difficult to identify himself and has not yet been arrested. (Coinpost)

European Commission releases cryptocurrency legislation priorities, will clarify the definition of cryptocurrency in autumn

This fall, the European Commission will complete its work on digital finance and will clearly define cryptocurrencies in European law. Over the past year, the European Commission has been consulting with experts from all over the world, and the consultations have produced what the Commission calls an "informal document", which clarifies some priorities: 1. Definition of all types of cryptocurrencies, including stablecoins and Security tokens; 2. Financial Instruments Directive II market changes will include encrypted assets; 3. Blockchain-based platform system. Earlier in June this year, the European Commission said it planned to develop strong regulatory rules for global cryptocurrencies such as Libra. (Cyprusmail)

Bloomberg Strategist: Only 'The Unexpected' Can Stop Bitcoin Price Rally

Character·Voice

Bloomberg Strategist: Only 'The Unexpected' Can Stop Bitcoin Price Rally

Mike McGlone, senior commodity strategist at Bloomberg, said on Twitter today: "Bitcoin prices can only stop what they have been doing for most of the past 10 years: appreciation. Supply attributes, demand and adoption metrics remain favorable."