LianGuaiWeb3.0 Daily | Hong Kong-listed companies have approved a budget of $5 million to purchase cryptocurrencies.

Hong Kong-listed companies approved a $5 million budget for purchasing cryptocurrencies.

DeFi Data

1. Total Market Cap of DeFi Tokens: $48.484 billion

• Grasp the opportunity of MEKE public beta and seize the core of Binance Chain Odyssey.
• Analyzing the Landscape of Investment DAOs Definitions, Categories, Structures, and Design Space
• Exploring the Potential of SocialFi Decentralized Social Media

DeFi Total Market Cap and Top 10 Tokens Source: coingecko

2. 24-hour Trading Volume on Decentralized Exchanges: $3.858 billion

24-hour Trading Volume on Decentralized Exchanges Source: coingecko

3. Locked Assets in DeFi: $41.669 billion

Source: defillama

NFT Data

1. Total Market Cap of NFTs: $16.873 billion

Total Market Cap of NFTs and Top 10 Projects Source: Coinmarketcap

2. 24-hour NFT Trading Volume: $884 million

24-hour NFT Trading Volume and Top 10 Projects Source: Coinmarketcap

3. Top 10 NFTs in the Last 24 Hours

Top 10 NFTs Sold in the Last 24 Hours Source: NFTGO

Headline

Hong Kong-listed company Boyaa Interactive: Board has approved a $5 million budget for purchasing cryptocurrencies

On August 11th, Hong Kong-listed company Boyaa Interactive announced that its board has approved a budget of $5 million (approximately HK$39.098 million) for purchasing cryptocurrencies on regulated and licensed trading platforms over the next year, mainly including Bitcoin (BTC) and Ethereum (ETH).
Boyaa Interactive stated that the funds for the cryptocurrency purchase are sourced from the cash reserves generated by the group’s operations in Hong Kong and overseas. The group will execute the cryptocurrency purchase based on market conditions. The purpose of this cryptocurrency purchase is to consider the group’s future business layout in the Web3 field.

NFT/Digital Collectibles Highlights

1. Lifeform Launches NFT Platform Lifeform Market

LianGuai reports that visual DID infrastructure provider Lifeform has launched the NFT platform Lifeform Market. Lifeform Market provides users with the opportunity to create (mint), sell, purchase, collect, and trade digital blockchain collectibles.
Users can also freely trade both NFT items and Avatar NFTs. Currently, Lifeform Market supports the Lifeform ecosystem and incubation projects, including Lifeform Avatar, Lifeform Cartoon, Lifeform POAP, HALO Avatar, HALO WORLD Item, Lifeform Item, and HALO WORLDO riginies Citizens.
Previously, visual DID infrastructure provider Lifeform announced the completion of a new round of financing led by IDG Capital with a valuation of $300 million.

2. Canadian police tender for the development of dedicated storage for confiscated cryptocurrencies and NFTs

LianGuai reported that the Royal Canadian Mounted Police (RCMP) is seeking a digital asset solution to facilitate the confiscation and storage of cryptocurrencies and non-fungible tokens (NFTs). The tender began accepting applications on August 10. The tender notice states, “The development of a centralized storage solution will enable law enforcement agencies to confiscate these assets in a user-friendly manner, while also providing important security measures to prevent theft during storage.”

3. OKX NFT marketplace now aggregates Tensor platform

On August 11th, it was announced that the OKX NFT marketplace has now aggregated the Tensor platform, allowing users to easily purchase NFT orders on Tensor with a single click.

4. “Bored Ape Yacht Club” (BAYC): HV-MTL Forge Season 2 ends, leaderboard locked and undergoing review

LianGuai reported that the official Twitter account of “Bored Ape Yacht Club” (BAYC) announced the end of HV-MTL Forge Season 2. The current game leaderboard has been locked and is being reviewed. Once the review is completed, a notification will be announced. In addition, BAYC stated that Season 3 has been updated and the maintenance downtime has ended. The current HV-MTL Forge game is back online.

DeFi Highlights

1. DeBank launches DeBank Chain testnet, mainnet scheduled for launch next year

On August 11th, DeBank announced the launch of the DeBank Chain testnet today, with plans to launch the mainnet in 2024. DeBank Chain is built on OP Stack and has modified the consensus mechanism, reducing gas fees for individual transactions by 100 to 400 times. It also integrates a system similar to account abstraction on the chain, bringing a Web2 experience and full compatibility with the current EVM standard. The new account system supports transactions signed with dedicated L2 private keys, reducing the use of L1 private keys in social scenarios and providing security for L1 assets.

2. Data: Trading volume on Friend.tech on the Base chain has exceeded 2000 ETH

LianGuai reported that according to the latest data from Dune Analytics, the trading volume on Friend.tech on the Base chain has exceeded 2000 ETH. At the time of writing, it reached 2,270.4 ETH (equivalent to over $4 million at the current price). The current on-chain transaction volume is 62,249, and the generated protocol fees are 113.5 ETH.

3. Derivatives protocol Aevo to support multiple collateral assets, adds support for USDT

On August 11th, the options and perpetual contract trading protocol Aevo announced that it will support multiple collateral assets. It has added support for USDT and will soon support ETH, stETH, and other interest-earning assets. Trading profits and losses are still denominated in USDC.

4. Ethereum client Geth releases version 1.12.1

On August 11th, the Ethereum Go language client Go Ethereum released Ethereum client Geth v1.12.1. Go Ethereum states that this may be its largest maintenance release ever. Go Ethereum recommends all users to upgrade to this version.
Go Ethereum states that the development of the upcoming Cancun hard fork has been the focus of this release cycle. Although Geth v1.12.1 is not yet ready for Cancun, this version has made preparations for EIP-4844 Shard Blob transactions, including basic type definitions and state transition logic. It also implements a new memory pool, blobpool, for EIP-4844 transactions. The blobpool is not yet used by the p2p network and is still being tested on the Cancun development network. In addition, Geth no longer supports the Rinkeby testnet (#27406).

5. Binance will support ONT network upgrade and hard fork

On August 11th, Binance is expected to suspend token deposits and withdrawals through the Ontology network at 14:00 on August 15th to support the network upgrade and hard fork of Ontology (ONT) at Ontology block height 16,490,000.
During the network upgrade and hard fork, token trading on the Ontology (ONT) network will not be affected. Binance will reopen token deposits and withdrawals through the Ontology network after the network upgrade and hard fork of Ontology (ONT), when the network is stable.

Hot Topics in Gaming

1. DappRadar: July web3 game financing increased to $297 million, with 63% flowing into infrastructure

According to a joint report released by DappRadar and the Blockchain Game Alliance, web3 game financing rebounded to $297 million in July 2023, with 63% flowing into infrastructure. This detail indicates that the industry is still in its early stages. Investors are betting on tools and platforms that can promote future cryptocurrency and NFT-driven games.
Compared to the relatively low cryptocurrency game investment of $68 million in June, July was an explosive month for the industry. The report speculates that the low figure in June may be partly due to the attacks by the U.S. Securities and Exchange Commission (SEC) on Binance and Coinbase in June, which affected the wider cryptocurrency industry and caused industry uncertainty.

Disclaimer: LianGuai is a blockchain information platform. The articles published are for informational reference only and do not serve as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.

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