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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 05:42Polygon executive: Stablecoins will enter the "era of 100,000 issuers," and banks will be forced to restructure their capital modelsChainCatcher reports that Aishwary Gupta, Global Head of Payments and RWA at Polygon, believes that global stablecoins are entering a "super cycle," and the number of stablecoin issuers may exceed 100,000 within the next five years. Gupta pointed out that Japan is participating in government bond and policy stimulus pilots through stablecoins such as JPYC, demonstrating that stablecoins can serve as tools for national economic sovereignty rather than weakening central bank authority. He stated that stablecoins, like fiat currencies, are subject to monetary policy and will essentially enhance global demand for a country's currency, just as stablecoins have driven the usage of the US dollar. Gupta also warned that stablecoin yields are attracting low-interest deposits (CASA) from the banking system onto the blockchain, weakening banks' ability to create credit and maintain low-cost capital. To cope with the competition, he expects banks to issue "deposit tokens" on a large scale, allowing them to retain funds on their balance sheets while enabling customers to use assets on-chain. He believes that as the number of stablecoins rapidly expands, future payment systems will rely on a unified settlement layer, allowing users to pay with any token and merchants to receive payments in another token, with underlying conversions completed seamlessly in the background.
- 05:32An AAVE whale has bought over 40,000 AAVE on dips again in the past 5 daysAccording to Jinse Finance, Lookonchain monitoring shows that as the market declined, the AAVE whale address starting with 0xE9D0 bought another 40,433 AAVE (worth $7.1 million) in the past 5 days. Over the past 3 years, this whale has purchased a total of 292,838 AAVE at an average price of $170 per token (approximately $54.5 million), and is currently sitting on an unrealized profit of $4.6 million.
- 05:32Chainlink Reserve adds 89,079 LINK tokens, bringing total holdings to 973,752 LINKAccording to a report by Jinse Finance, Chainlink disclosed in an article published early this morning that the Chainlink Reserve has accumulated an additional 89,079.05 LINK tokens today. As of now, the total holdings of the Chainlink Reserve have reached 973,752.70 LINK.