LianGuaiWeb3.0 Daily | Three lawyers from the US SEC withdraw from the lawsuit against Ripple

LianGuaiWeb3.0 Daily | Three US SEC lawyers withdraw from Ripple lawsuit

DeFi Data

1. Total market value of DeFi tokens: $43.532 billion

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DeFi total market value and top ten tokens data source: coingecko

2. Trading volume of decentralized exchanges in the past 24 hours: $3.457 billion

Trading volume of decentralized exchanges in the past 24 hours data source: coingecko

3. Locked assets in DeFi: $38.134 billion

Data source: defillama

NFT Data

1. Total market value of NFTs: $14.659 billion

Total market value of NFTs and top ten projects by market value data source: Coinmarketcap

2. 24-hour NFT trading volume: $1.094 billion

24-hour NFT trading volume and top ten projects by trading volume data source: Coinmarketcap

3. Top ten NFTs sold in the past 24 hours

Top ten NFTs sold in the past 24 hours data source: NFTGO

Headlines

Three SEC lawyers withdraw from the lawsuit against Ripple

LianGuai reported that the SEC lawyers LianGuaiscale Guerrier, Richard Best, and Robert MacDonald Moye have withdrawn from the lawsuit against Ripple. According to court documents, Judge Analisa Torres has approved the motion to dismiss LianGuaiscale Guerrier from the position of SEC lawyer, and the other two lawyers have also filed motions to withdraw from the lawsuit. The U.S. Securities and Exchange Commission has notified the court that lawyers Richard Best and Robert MacDonald Moye have withdrawn the lawsuit.

NFT/Digital Collectibles Highlights

1. Trump NFT price rises to 0.13 ETH, slightly above $215

LianGuai reported that after former U.S. President Donald Trump’s interview with media personality Tucker Carlson went viral online on Thursday, the price of Trump’s NFT collectibles surged significantly. The video received 110 million views within hours of its release. The price of Trump’s digital trading card on Polygon exceeded 0.13 ETH, slightly above $215, higher than last week’s 0.1 ETH, which was $150. According to data from the NFT marketplace OpenSea, the trading volume of this collection has exceeded 17 ETH.

2. Nansen: Major NFT Series Seeing Double-Digit Losses Every Month as Floor Prices Decline

LianGuai reports that according to Nansen data, the floor prices of some of the most famous “blue-chip” NFTs have dropped by over 25% in the past month. The Bored Ape Yacht Club series saw a 27% decline in floor price, while DeGods experienced a 55% drop. Azuki’s floor price decreased by 36%.
Meanwhile, the Nansen NFT-500 index has fallen by 40% year-to-date, while the Blue Chip 10 index has dropped by 33%. Although the value of NFTs is usually determined by the price of Ether, the decline in the NFT market has exceeded that of Ethereum, which has decreased by 9.6% month-over-month.

3. NFT Marketplace Rarible Sees Significant Increase in Trading Volume After Committing to Creator Royalties

LianGuai reports that the NFT marketplace Rarible saw a significant increase in trading volume within 24 hours after releasing a public statement supporting the maintenance of creator royalties. Meanwhile, competitors in the NFT market, such as OpenSea, have canceled their support for royalties and royalty enforcement, prompting other NFT projects to also withdraw their support for OpenSea. Data from analysis platform DappRadar shows that on August 23rd, Rarible’s 24-hour trading volume reached $1,500 in 38 transactions, an increase of 653% compared to the previous day.

4. FIBA Launches NFT Collection for Basketball World Cup

On August 24th, the International Basketball Federation (FIBA) partnered with blockchain technology provider Venly to launch an NFT collection for the 2023 Basketball World Cup. This NFT series will be minted on Polygon and includes four sets of NFTs with varying degrees of rarity: Fan’s Frenzy, National Pride, Ultimate Courtside, and Golden Glory. The NFT series is currently available on the official website of FIBA.

DeFi Highlights

1. Total Value Locked (TVL) in DeFi Approaching Lowest Point Since February 2021

On August 24th, according to DefiLlama data, the total value locked (TVL) in DeFi is currently around $38.08 billion, approaching the lowest point in nearly two and a half years since January 1st, 2023 when it reached $37.91 billion.

2. Mina Ecosystem DEX LuminaDEX Completes Strategic Financing with Participation from Jump Crypto and Others

On August 24th, Mina ecosystem DEX LuminaDEX announced the completion of a new round of strategic financing, with participants including the Mina Foundation, Jump Crypto, BigBrain Holdings, and O(1) Labs. The amount of financing has not been disclosed. LuminaDEX supports zkKYC for compliance and helps enterprise users migrate Web2 and traditional financial businesses to Web3.

3. CoW Swap Solves MEV Issues in Decentralized Trading through Batch Auctions

LianGuai reports that CoW Swap’s Technical Director, Leupold, stated that the protocol solves the problem of Maximum Extractable Value (MEV) in decentralized trading through batch auctions. Leupold explained that due to the emergence of various token projects in the DeFi space, market liquidity is highly dispersed, and market makers need to “intervene and provide liquidity” in order to create liquidity between various token pairs. This arrangement reduces MEV attacks and enables transactions to find the best on-chain routes.

4. Bitstamp to Terminate Ethereum Staking Service for US Customers as of September 25th

According to LianGuai’s report, cryptocurrency exchange Bitstamp has announced that it will terminate Ethereum staking for its US customers starting from September 25th, considering the current regulatory landscape in the United States. Bobby Zagotta, the CEO of Bitstamp US, stated that US customers will no longer receive staking rewards, while all other Bitstamp services will remain unaffected. Until September 25th, 2023, customers will continue to earn staking rewards, after which all staked assets will be unstaked, and the rewards, along with the principal, will be credited to the users’ main Bitstamp account balance.

5. Unstoppable Domains Launches Decentralized End-to-End Encrypted Messaging Service

According to LianGuai’s report, web3 domain provider Unstoppable Domains has launched a decentralized end-to-end encrypted messaging service called “Unstoppable Messaging” with support from the XMTP project. As stated in a release, this new service will enable secure communication using web3 domains provided by Unstoppable Domains, such as “.crypto” and “.x”. Unstoppable Messaging is interoperable with other XMTP-supporting communities, allowing users to securely send messages to people on Ethereum-compatible platforms like Coinbase Wallet and Lens applications by entering wallet addresses or domain names, and vice versa. The team also mentioned that Unstoppable Domains plans to enable other dApps to send messages to their communities using Unstoppable Messaging via a push protocol.

Metaverse Highlights

1. DBS Bank Introduces Metaverse Concept to Reduce Food Waste

According to LianGuai’s report, DBS Bank, Singapore’s largest bank, has launched a brand-new metaverse experience in The Sandbox, which is expected to be open to the public by the end of this year. The bank stated that its “DBS BetterWorld” metaverse experience will be a gamified adventure showcasing the power of virtual experiences for the greater good. As part of the experience, players will have to complete a series of activities inspired by five enterprises supported by the DBS Foundation to reduce food waste.

Disclaimer: LianGuai, as a blockchain news platform, publishes articles for information purposes only and should not be considered as investment advice. Please establish a correct investment concept and enhance risk awareness.

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