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1. Solana’s DEX Trading Volume Surpasses Ethereum for the First Time in July, Reaching $55.876 Billion link According to DefiLlama data, Solana surpassed Ethereum in monthly decentralized exchange (DEX) trading volume for the first time in July 2024, reaching $55.876 billion compared to Ethereum’s $53.868 billion. Solana has shown significant growth in liquidity and user activity. Other notable chains include Arbitrum ($24.569 billion), BSC ($17.888 billion), and Base ($15.554 billion). Data from The Block reveals that DEX trading volume relative to CEX has reached a historical high of 14.22%, surpassing the previous record of 13.7% set in May 2023. Currently, the total DEX trading volume stands at $139.67 billion, with Uniswap leading at $48.52 billion, followed by Raydium at $27.78 billion. 2. Public Chain Supra Launches StarKey Wallet Ahead of TGE link The public blockchain Supra has released the StarKey wallet ahead of its Token Generation Event (TGE). Within three days of launchin...

1. Johnny Ng Kit-chong: Bitcoin Could Be Considered for Strategic Financial Reserves in the Future link In response to Trump’s speech at the Bitcoin Conference, Hong Kong Legislative Council member Johnny Ng posted a tweet stating: “Bitcoin and Web3 are critical junctures in global development and should be encouraged for worldwide advancement. In the future, under regulatory compliance, considering Bitcoin as part of strategic fiscal reserves could be worthwhile. I believe the SAR government will responsibly and gradually open the market.” 2. South Korea Regulatory News This Week 2.1 South Korea’s Financial Supervisory Service Summons Five Major Virtual Asset Exchanges to Discuss Deposit Usage Fees link The Financial Supervisory Service of South Korea urgently summoned the top five virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) to discuss issues related to “deposit usage rates.” Recently, competition to raise usage rates has intensified following the implementation o...

1. Bitcoin Witnesses Its Fourth Halving This Week link Bitcoin is expected to undergo its fourth halving when the block height reaches 840,000, anticipated to occur around April 20th at 8:10 (UTC+8). Interest in “Bitcoin halving” on Google has surged to its highest historical level, with forecasted data indicating that this interest will be more than double that of the last halving in 2020, reaching 45 points and projected to reach 100 points by the end of this month. Despite recent cooling in Bitcoin’s price trend, some market analysts suggest that based on historical price patterns, Bitcoin may experience a significant rally in the months following the halving. 2. Grayscale Bitcoin Holdings Reduced by 50% link This week, Bitcoin spot ETFs have experienced net outflows for five consecutive days, with total net outflows reaching $223.49 million as of the drafting of this report. Currently, GBTC has seen historical net outflows totaling $16.59 billion, while IBIT has historical net infl...

Data compiled by the Wublockchain team shows: Spot trading volume on major exchanges increased by 134% month-on-month in March. The top three exchanges in terms of change were KuCoin at 262%, Upbit at 198%, and Bitget at 174%. The bottom three were Crypto.com at 45%, Mexc at 46%, and HTX at 86%. Derivatives trading volume on major exchanges increased by 47% month-on-month in March. The top three in terms of change were Bitget at 148%, OKX at 105%, and KuCoin at 99%. The bottom three were Binance at -18%, Mexc at 32%, and Crypto.com at 34%. Website traffic on major exchanges increased by 43% month-on-month in March. The top three in terms of change were Crypto.com at 102%, Bitfinex at 86%, and Upbit at 80%. The bottom three were OKX at 10%, Gate at 21%, and Bitget at 23%. Note: The following data may be subject to significant suspicion of wash trading/bot activity. Spot and derivatives data are from Coingecko; traffic data is from Similarweb. Follow us Twitter: https://twitter.com/WuBlo...

Author: @tmel0211 Original Article Link: https://twitter.com/tmel0211/status/1736264350770643075 Engraving texts on zkSync, the short-term surge in transactions was indeed a “stress test” of layer2 public chain performance, but it didn’t result in a “crash.” On the contrary, it was an open drill for @zksync, successfully withstanding tests like peak TPS and GAS stability. This might sound counterintuitive at first, so let me clarify with technical logic: zkSync’s block production works as follows: Users create transactions that enter zkSync Sequencer’s sorting sequence. Sequencer then packages these based on Gas Fee, sends them to the Proof system for validation, and finally submits them to the mainnet for finality confirmation. There are two key points that could lead to a perceived “poor experience”: 1) User transaction creation: Most users initiate transactions via wallets like Metamask. However, transactions first enter RPC remote call servers, leading to queueing time ranging from...

Author：0xMingyue Editor：Colin Wu 1. Singapore to Ban Margin Trading from 2024 to Curb Crypto Speculation Among Retail Investors link On the 23rd of November, the Monetary Authority of Singapore (MAS) conveyed that Digital Payment Token (DPT) service providers are urged to curtail crypto currency speculation among retail clientele through the following means: abstaining from offering any crypto currency trading incentives, refraining from facilitating financing, collateral, or leveraged transactions, declining local credit card payments for DPT services, and imposing restrictions on the valuation of crypto currencies in determining customer net assets. These measures are set to be progressively enforced commencing in mid-2024. 2. Taiwan’s Financial Supervisory Commission to Establish New Virtual Asset Bureau link On the 19th of November, according to the United News Network, the office of Taiwan Legislative Yuan member Jiang Yongchang has proposed the “Draft Organizational Law of the Fi...

Author:  defioasis On October 15th, the NFT liquidity solution Flooring Protocol went live. By fragmenting NFTs into ERC-20s, it quickly attracted participation from Azuki Elementals, Pudgy Penguins, and y00ts holders (currently supporting only these three NFT collections). Flooring Protocol also became the largest "holder" of these three NFT collections and significantly increased their trading volume on the NFT Marketplace. As of 4:00 PM on October 16th, Flooring Protocol has attracted 914 Azuki Elementals, 191 Pudgy Penguins, and 365 y00ts, with a TVL exceeding 1,800 ETH. Project Background Flooring Protocol is an NFT liquidity solution created by NFT OG player FreeLunchCapital. FreeLunchCapital is the previously undisclosed identity of the mysterious whale address 0x66666f, which still holds NFTs worth over $1.1 million. Additionally, Flooring Protocol has completed an audit by the security firm Halborn. (Source: https://nftgo.io/account/ETH/0x66666F58dE1bcD762A5E5c5aFf9c...