| ETH volatility index hits a two-year low; CRV inflation rate decreases by 15.9% (August 14th)
headlines
Data: ETH volatility index hits two-year low
Deribit data shows that the current 15-day historical (annual) volatility of the ETH index has dropped to 20.48%, a two-year low. In addition, the ETH Volatility Index (DVOL) also fell to 31.32, a new low since March 2021.
The inflation rate of the Curve token CRV dropped by 15.9% yesterday, from about 532,000 CRV released per day to about 448,000 CRV.
cryptocurrency
The address associated with FTX deposited 1580 WBTC into Bitfinex yesterday
According to Spot On Chain monitoring, addresses starting with 0x 0 f 1 deposited 1,580 WBTC ($46.5 million) into Bitfinex yesterday, with an average price of $29,440. It is worth mentioning that this address is related to the FTX address (starting with 0x d 27) that misused client funds. Over the past 28 days, the address may have lost $1.6 million in WBTC (1.7% price drop), but still holds 285 WBTC ($8.37 million).
According to monitoring by Ember, an analyst on the chain, a smart money address used 3,928 ETH (worth 7.21 million U.S. dollars) to buy 4 tokens, RLB, UNIBOT, BITCOIN, and MEVFree, from July 22 to August 8. The floating profit amounted to USD 3.28 million. At present, these tokens have not been sold yet, and the address 0x 51 e will transfer and store the tokens in addresses starting with 0x c 49 and 0x a 54 after buying.
Data: A smart money address bought 128 billion PEPE again
According to Lookonchain monitoring, a smart money address that made a profit of $1.27 million on PEPE spent 100 ETH ($185,000) to buy 128 billion PEPE at a price of $0.000001443 yesterday. It is reported that the smart money address spent 1 ETH to buy 542 billion PEPE on April 15, and sold it for 679 ETH ($1.27 million) in May, earning 678 ETH ($1.27 million). The rate reaches 678 times.
According to monitoring by Ember, an analyst on the chain, a whale transferred 1,927 ETH ($3.56 million), 51,073 SSV ($0.89 million), 566,036 OP ($0.87 million), 87,478 UNI ($540,000) yesterday. ) into Binance, with a total value of approximately US$5.86 million. Overall, three of the four currencies made a profit and one lost, for a combined profit of $800,000.
Project News
The TVL on the Base chain breaks through 100,000 ETH
The latest data from L2 BEAT shows that the TVL on the Base chain of the L2 blockchain launched by Coinbase has exceeded 100,000 ETH.
Data: coingecko announced the top ten DEX products, and Uniswap has an exclusive market share of 64%
coingecko has calculated the DEX market share in the first half of 2023. Its data shows that the top ten DEXs are Uniswap, Curve, Pancakeswap, Dodo, Balancer, Quickswap, Jupiter, THORChian, Sushi, and TraderJoe in terms of trading volume. Uniswap is currently the DEX with the largest trading volume, accounting for 64.6% of the DEX market. Curve came in second with an 11.5% market share.
Kyber Network has launched its KyberSwap aggregator on Linea
Crypto analyst The Learning Pill tweeted that Kyber Network has launched its KyberSwap aggregator on Linea, allowing for seamless asset swaps at higher interest rates.
Investment and Financing
Web3 advertising start-up HypeLab completed a $4 million seed round of financing, co-led by Shima Capital and Makers Fund, and other specific financing information has not yet been disclosed. According to reports, HypeLab aims to use on-chain data to personalize and provide advertising services. It was founded by Ed Weng, a former Google product manager with a background in digital advertising. HypeLab also says it has helped more than 50 companies acquire new Web3 users. (The Block)
Crypto accounting and tax startup Node 40 raises $12 million led by Card 1 Ventures
Crypto accounting and tax startup Node 40 has announced a $12 million funding round led by Card 1 Ventures. The new financing will be used to accelerate the development of its tool products and expand its IT team, while also strengthening its cooperation with regulatory authorities. According to reports, Node 40 mainly provides enterprise-level digital asset accounting and tax services for large investment advisory management companies to ensure that relevant reporting, evidence collection, auditing and tax accounting information meet the requirements of regulatory agencies. (Biz Journals)
DeFi yield agreement Affine announced a total financing of $7 million, with Coinbase Ventures, Circle Ventures, Jump Crypto and others participating. In February of this year, Affine Protocol announced the completion of $5.1 million in financing, led by Jump Crypto and Hack VC, with participation from Circle Ventures and Coinbase Ventures.
global policy
Central Bank of Zimbabwe: Gold-Backed Digital Token for Transactional Purposes Coming Soon
The Reserve Bank of Zimbabwe (RBZ) said it is at an advanced stage of preparation for the imminent launch of a GBDT (gold-backed digital token) for transactional purposes. The central bank said the launch of the GBDT would complement the U.S. dollar in domestic transactions, as retailers will provide a safer, more convenient, and more valuable medium of exchange.
RBZ launched a gold-backed digital token in May in response to local demand for U.S. dollars. A few months after its release, Mangudya said: GBDT has proven to be an effective monetary policy tool with strong potential to help domestic financial and capital markets return to normal in the short term. Divisibility means that they can be accessed or obtained by people from all economic backgrounds. (Bitcoin.com)
Brazil plans higher taxes on cryptocurrencies
Brazil’s Congress has approved an amendment to a bill that would treat cryptocurrencies as “financial assets” for foreign investment tax purposes. In addition, the draft bill imposes taxes on fluctuations in the price of crypto assets relative to Brazilian fiat currencies, as well as on gains arising from fluctuations in foreign exchange rates.
Under the new rules, foreign income up to BRL 6, 000 (approximately USD 1,200) will be exempt from tax. Income between $6,000 and $50,000 (approximately $10,000) is subject to a 15% tax rate; above this threshold, a tax of 22.5% is imposed. Congressman Merlong Solano said the revision was aimed at promoting equal tax treatment, as tax breaks for overseas cryptocurrency investments are currently low. (cointelegraph)
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Former SEC Internet Enforcement Director John Reed Stark said on X that the current U.S. Securities and Exchange Commission (SEC) will not approve applications for bitcoin spot ETFs. Additionally, Stark said that if a Republican wins the White House in 2024, the SEC could reduce cryptocurrency enforcement and “become more willing to approve a bitcoin spot ETF and more likely to adopt other significant cryptocurrency-friendly ETFs.” Regulatory Action”.
Stark also believes that if the next president is a Republican, current SEC Chairman Gary Gensler may resign, while Hester Peirce, known in the industry as Cryptocurrency Mom, may become acting Chairman, and cryptocurrency-related SEC The chaos will stop abruptly.
