| Cross-chain asset bridge ChainSwap was hacked; the Federal Reserve mentioned encrypted assets in its financial risk assessment for the first time (July 12)

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Cross-chain asset bridge ChainSwap was hacked

Cross-chain asset bridge ChainSwap was hacked

G20 Finance Ministers and Central Bank Governors Meeting: Global Stablecoins Need to Comply with Relevant Legal and Regulatory Requirements

secondary title

digital currency

Skybridge Capital’s Ethereum Fund Has Officially Launched, One Investor Pledges $5.7 Million

SkyBridge Capital’s ethereum fund has officially launched, with a single investor committing $5.7 million to the fund in its first week, new regulatory filings show. This is the second cryptocurrency-specific private equity fund offered by SkyBridge Capital. Another bitcoin tool from the company, also disclosed on Friday, had raised $46.7 million from 170 investors. (CoinDesk)[Original link]

Chainlink’s top 10 giant whale addresses accounted for 63.3% of LINK’s total supply

Chainlink’s top 10 giant whale addresses accounted for 63.3% of LINK’s total supply

Data: Bitcoin wallets with 100,000 to 1 million BTC at 27-month high

Data: Bitcoin wallets with 100,000 to 1 million BTC at 27-month high

Data: The 30-day annualized volatility of Bitcoin in the second quarter increased by 30.32% from the previous quarter

In the second quarter of 2021, ETH's 30-day annualized volatility reached its highest point since the "Black Thursday" price crash in March 2020. The 30-day annualized volatility of BTC also increased by 30.32% month-on-month. (CoinDesk)

Axie Infinity's daily trading volume breaks through $25 million, with more than 50,000 NFTs sold every day

DappRadar co-founder and CEO Skirmantas Januškas tweeted that the daily trading volume of Axie Infinity exceeded 25 million US dollars, and more than 50,000 NFTs were sold every day.

Blockchain industry

Blockchain industry

Kunshan Rural Commercial Bank successfully handled the first blockchain export credit insurance financing business

According to news on July 10, Kunshan Rural Commercial Bank successfully handled a US$16,000 export credit guarantee financing loan business for a furniture import and export company in Kunshan on the cross-border financial blockchain service platform of the State Administration of Foreign Exchange. The successful landing of this business marks that Kunshan Rural Commercial Bank has become the first financial institution in Kunshan to handle credit insurance financing for enterprises on the cross-border financial blockchain service platform.

Softbank's technology service company LINE plans to open source to help central banks of many countries build CBDC

LINE PLUS, a South Korean software and tech services company owned by Japanese multinational conglomerate SoftBank, has released a blockchain platform to help central banks launch CBDCs. The project is currently in negotiations with several Asian central banks. The new platform is expected to support KYC as well as AML and have a modular structure that allows developers to add different functions as needed. (decrypt)

Investment and Financing

Investment and Financing

Decentralized synthetic asset protocol UMA completed a $2.6 million financing through the Range Token pilot, and Blockchain Capital and others participated in the investment

Decentralized synthetic asset protocol UMA completed a $2.6 million financing through the Range Token pilot, and Blockchain Capital and others participated in the investment

According to official news, UMA, a decentralized synthetic asset protocol, completed a $2.6 million financing through the Range Token pilot, with participation from Blockchain Capital, IOSG, Sybil Capital, and Amber Group. It is reported that Range Token is a new treasury primitive that enables DAOs to obtain funds and diversify their treasury without directly selling their native tokens. The Range Token function is a loan that DAO can obtain from its own treasury, a kind of "encrypted native convertible bond".

According to official news, Beta Finance, a cryptocurrency derivatives market, announced that it has received a strategic investment with an undisclosed amount. Investors include Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital. It is reported that Beta Finance aims to create a permissionless money market that can be borrowed and shorted, mainly focusing on long-tail assets.

global policy

global policy

The Fed mentioned the surge in crypto asset prices for the first time in its overall assessment of the stability of the financial system, saying the rise reflected increased investor risk appetite. The report also said that asset prices could be vulnerable to sharp falls if investor risk appetite falls, interest rates unexpectedly rise or the recovery stalls. Some parts of the financial system have become more vulnerable to potential instability since its last report to Congress in February, but the core of the system remains resilient, the Fed said in its Monetary Policy Report. (Bloomberg)

Character·Voice

Character·Voice

ECB President Lagarde: At least 80 central banks around the world are working on digital currencies

European Central Bank President Christine Lagarde said at least 80 central banks around the world are working on digital currencies. Lagarde noted that when consumers were consulted, they responded that “we want our privacy protected, but we don’t want anonymity because they understand the risks of anonymity.” (Trustnodes)

Encryption analyst: Bitcoin's current bull market cycle has not yet peaked, it is expected to be in November 2022