Rhythm Evening News｜A list of important information in the crypto industry on August 20

Matrixport: Market focuses on Powell's speech at Jackson Hole, Bitcoin rebounds

BlockBeats news, on August 20, Matrixport released the latest view that Bitcoin is at a critical point to break through the current narrowing triangle. If it breaks upward, it may trigger positive momentum; otherwise, the price rebound expectation may be extended.

Federal Reserve Chairman Powell is about to give a speech at Jackson Hole, and the stock market is expected to rebound in advance. In addition, the release of the minutes of the last FOMC meeting may bring dovish signals.

The daily trading volume of the U.S. spot Bitcoin ETF hit a new low since early February

BlockBeats news, on Monday, August 20, the daily net inflow of the U.S. spot Bitcoin ETF was US$61.98 million, and the total daily trading volume was US$779.87 million, the lowest level since February 6, and the third lowest overall daily trading volume.

SOFA.org director Augustine Fan said: "Low trading volume is expected, as market sentiment has been depressed since the massive sell-off a few weeks ago. It is worth noting that the summer vacation and recent data have reduced people's concerns about the impending recession, and investors have to wait for more signals from the Federal Reserve meeting later this week." (The Block)

Sun Pump platform multiple meme coins rose, SUNDOG rose more than 68% in a single day

BlockBeats news, on August 20, according to market information, Sun Pump platform multiple meme coins rose, including:

SUNDOG is now quoted at US$0.1316, with a 24-hour increase of 68.3% and a market value of US$131 million;

FOFAR The current price is 0.0237 USD, with a 24-hour increase of 62.21%;

SUNCAT is currently quoted at 0.0071 USD, with a 24-hour increase of 41.24%.

BlockBeats reminds users that meme coins have no actual use cases, and the price fluctuates greatly, so investment should be cautious.

Four.meme launches points incentive and referral plan, and user rights are upgraded again

BlockBeats news, on August 21, Four.meme platform officially announced the launch of a new points incentive and referral plan, aiming to give back to users and further promote the development of BNB Chain meme ecology. This points event will be held from August 21 to October 20, 2024.

During the event, users can earn points by completing tasks specified by the platform, such as wallet binding, trading, social interaction, etc. Accumulated points can be exchanged for platform tokens, NFTs and other generous rewards.

In order to allow users to enjoy more exclusive benefits, Four.meme specially invited projects such as FOUR, WHY, BIC, and ANDY to provide tokens for airdrops, and also provided additional airdrop benefits for Pumpfun users. Lista DAO, PancakeSwap and other third-party platforms have also reached cooperation with the platform to provide additional points rewards.

In addition to point incentives, Four.meme has also launched a new referral program. Users can get extra points rewards by inviting friends to register and participate in platform activities. The more friends you invite, the richer the rewards you get.

Solana ecosystem's first Telegram game "LOScoin" is officially launched

BlockBeats news, on August 20, Telegram game LOScoin, which is based on Solana ecosystem and obtained genuine IP authorization, was officially launched today. LOScoin is a free and easy-to-use Telegram game. Its gameplay is mainly for people to complete random Web3 interactive tasks to get rewards, enrich the game ecology, and bring more fun.

LOScoin is currently in a relatively early stage. Backed by Telegram's huge number of users, Telegram games have become a more achievable method in the short term to drive popularity.

Aave protocol on-chain activity surges, doubling from 3 months ago

BlockBeats news, on August 20, according to IntoTheBlock monitoring, the number of active addresses on the Aave protocol chain surged this month, doubling from 3 months ago.

As of the time of writing, AAVE has risen by 15.46% in the past 24 hours and 28.37% in the past 30 days.

DA layer protocol Sunrise: 2% of the total tokens will be airdropped to TIA stakers, and the snapshot was completed on June 14

BlockBeats news, on August 20, DA layer protocol Sunrise issued a document to clarify its airdrop rules, including:

2% of the total tokens will be airdropped to Gluon/former UnUniFi stakers, and the snapshot was completed on June 14.

2% of the total tokens will be airdropped to TIA stakers and related LST token (milkTIA, stTIA) holders, and the snapshot was completed on June 14.

In addition, the protocol will also issue airdrops to task participants, incentive testnet participants, and Bad Kids and Celestine Sloths communities, and the proportion has not yet been announced.

Finally, the protocol stated that the airdrop claim date and claim page have not yet been announced, and users need to beware of phishing link scams.

gm.ai announces the launch of the incubation program and opens applications

BlockBeats news, on August 20, gm.ai announced the launch of the incubation program (GM.AI Incubation Program) on X and announced the official application channel.

The GM Foundation is committed to promoting the development, integration and expansion of gmAI in consumer applications. The team is focused on building Solana-native AI solutions and is committed to providing the community with a strong AI infrastructure through gmINFRA, as well as ownership and governance.

Developers are invited to join a thriving ecosystem with access to over 2.5 million users, grants, and expert support to accelerate project growth.

BNS Official: Basenames is about to be launched, and the Base Name Service project will be gradually closed

BlockBeats news, on August 20, the Base Name Service (BNS) official posted on the X platform, "The next chapter of on-chain identity on Base is Basenames. We have been working closely with the Base team. As the launch of Basenames approaches, Base Name Service (BNS) will be gradually closed to ensure that everyone on Base can get a unified name service and on-chain identity experience."

Puffer Finance: The community will receive 1% of GammaSwap airdrop tokens

BlockBeats news, on August 20, Ethereum Liquidity Re-Pledge Agreement Puffer Finance said that the yield enhancement protocol GammaSwap will airdrop 1% of tokens to Puffer users.

Puffer will distribute 20% of them directly to pufETH holders, and 80% will be reserved for the upcoming pufETH liquidity mining.

Base Protocol Head: Basenames will conduct a 36-hour full-chain Dutch auction to avoid robot buying

BlockBeats news, on August 20, Base Protocol Head Jesse Pollak said on the X platform: "Basenames belongs to everyone. That's why we are going to do a 36-hour full-chain Dutch auction at the beginning to ensure that they are not all bought by robots."

Previously, Base officially stated in a statement, "Basenames is coming soon. This is the fastest way to start building on Base."

Grass: Users need to link their wallets to their Grass accounts before August 23 to prepare for the airdrop

BlockBeats reported that on August 20, AI data layer Grass stated that in preparation for the airdrop, users need to ensure that their wallets are linked to their Grass accounts before August 23. After August 23, users will not be able to change the linked wallet until the airdrop ends.

Binance will launch BRETT 1-50x USDT perpetual contract

BlockBeats news, on August 20, according to the official announcement, Binance will launch BRETTUSDT perpetual contract at 18:35 on August 20, 2024 (Eastern Time 8), with a maximum leverage of 50 times.

Binance will launch VOXEL 1-50x USDT perpetual contract

BlockBeats news, on August 20, according to the official announcement, Binance will launch VOXELUSDT perpetual contract at 18:30 on August 20, 2024 (Eastern Time 8), with a maximum leverage of 50 times.

The U.S. SEC rejected Cboe's 19b-4 application for Solana spot ETF

BlockBeats news, on August 20, according to The Block, sources revealed that the U.S. SEC rejected two Solana spot ETF 19b-4 applications submitted by Cboe BZX. As a result, these applications have been withdrawn from the Cboe website.

The 19b-4 application is submitted by the trading platform (in this case Cboe) on behalf of the issuer. If it is published in the Federal Register, it will initiate the SEC's approval process. Another important form is the S-1 registration statement, which is submitted by the issuer and has no deadline. However, because the SEC rejected the Form 19b-4, the forms were never published in the Federal Register and therefore the potential approval or rejection process was not initiated.

BlockBeats previously reported that at 8:00 on August 20, before Cboe BZX removed the Solana ETF-related 19b-4 form from its website, the U.S. SEC had held talks with potential Solana ETF issuers and expressed concerns about Solana's potential status as a security.