Rhythm Morning News｜A summary of important news from last night and this morning on August 27

Bitcoin fell below $63,000 this morning and is now quoted at $63,130

BlockBeats news, on August 27, according to HTX market information, Bitcoin fell below $63,000 this morning and is now quoted at $63,130, a 24-hour drop of 2.36%.

Ethereum fell below $2,700, a 24-hour drop of 3.1%

BlockBeats news, on August 27, according to HTX market information, Ethereum fell below $2,700, and is now quoted at $2,691, a 24-hour drop of 3.1%.

BNB fell below $560

BlockBeats news, on August 26, according to HTX market data, BNB fell below $560, and is now quoted at $559.9, a 24-hour drop of 2.59%.

ORDER opened at $0.431 and is now quoted at $0.27

BlockBeats news, on August 26, according to HTX market data, Orderly Network (ORDER) opened at $0.431 and is now quoted at $0.27.

NULS breaks through $0.54, up more than 65% in 24 hours

BlockBeats news, on August 26, according to HTX market data, NULS broke through $0.54, and is now quoted at $0.5411, up 65.07% in 24 hours.

Simon's Cat (CAT) market value exceeds 250 million US dollars, up more than 46.5% in 24 hours

BlockBeats news, on August 26, according to market data, the market value of Simon's Cat (CAT), a Meme token on the BSC chain, exceeded 250 million US dollars, and the current market value is 244 million US dollars, up more than 46.5% in 24 hours, and the current price is 0.0000271 US dollars, with a 24-hour trading volume of 22 million US dollars and a liquidity pool of 14 million US dollars.

BlockBeats reminds users that Meme coins have no actual use cases, and prices fluctuate greatly, so investment should be cautious.

In the past 24 hours, the entire network has a liquidation of 89.5806 million US dollars, mainly long orders

BlockBeats news, on August 27, according to Coinglass data, the entire network has a liquidation of 89.5806 million US dollars in the past 24 hours, of which long orders have a liquidation of 66.2724 million US dollars and short orders have a liquidation of 23.3024 million US dollars.

NFT sector picks up, sales data shows signs of recovery

BlockBeats news, August 26, according to Cointelegraph, the weekly sales of NFTs on mainstream blockchain networks finally turned from decline to increase after a series of declines in 2024. On August 26, according to data from NFT tracking platform CryptoSlam, digital collections based on the top five NFT blockchains performed well in sales.

Sales data for Ethereum, Solana, Polygon, and Mythos Chain have all increased, with Polygon leading with a seven-day sales growth of 123.20%. Meanwhile, Ethereum followed closely behind, up 32.79%, while Solana showed a weekly growth of 12.13%.

In addition to the weekly surge in sales, the number of NFT buyers has also increased in the last week. CryptoSlam data shows that there have been more than 500,000 NFT buyers in the past seven days, an increase of 37.97% from the previous week.

The Bitcoin blockchain was the only blockchain to decline slightly. According to CryptoSlam, sales of NFTs on the Bitcoin blockchain fell 7.01% from the previous week.

Basenames registrations surge, Base chain daily active addresses exceed 1 million

BlockBeats news, on August 27, with a sharp increase in the number of registered "Basenames" on the Base chain, the network's daily active addresses have exceeded 1 million, reaching a record 1.05 million. As of press time, it has dropped slightly to 1.03 million, and its number of daily active addresses has increased by 60% since the beginning of August.

According to data from Ethereum L2 data platform growthepie, Arbitrum has the second highest number of daily active addresses at 394,000, Linea has 198,000, and Mantle has 69,000.

OKX will add multiple USDC trading pairs including ZK/USDC, ONDO/USDC

BlockBeats news, on August 27, according to the official announcement, the USDC trading area under the OKX currency trading will add the following USDC trading pairs from 2:00 pm to 4:30 pm (UTC+8) on August 29, 2024:

CFG/USDC, XNO/USDC, LITH/USDC, ZK/USDC, CONV/USDC, LQTY/USDC, ZERO/USDC, ZRO/USDC, ONDO/USDC and G/USDC.

SEC accuses Adam brothers of operating arbitrage robots involved in a $60 million crypto scam

BlockBeats news, on August 27, according to Cointelegraph, in a lawsuit filed on August 26 in the U.S. District Court for the Northern District of Georgia in Atlanta, the SEC stated that Jonathan Adam and his brother Tanner Adam claimed that the cryptocurrency robots they operated could discover arbitrage trading opportunities on cryptocurrency platforms and would bring investors a monthly net return of 13.5%. The Adam brothers carried out this scam from January 2023 to June 2024, involving $60 million in funds and more than 80 investors. In reality, they used investor funds to pay for false returns and personal extravagances, including a $30 million apartment and luxury cars.

The U.S. SEC announced emergency asset freeze measures against brothers Jonathan Adam and Tanner Adam and their companies, and filed a lawsuit in court, seeking permanent injunctions, disgorgement of illegal gains and civil penalties.

DOGS's trading volume exceeded $530 million in two hours after its launch, and its market value was temporarily reported at $618 million

BlockBeats reported that on August 26, according to Coingecko data, DOGS's total trading volume exceeded $530 million in two hours after its launch, and its market value was temporarily reported at $618 million.

As of the time of posting, DOGS was temporarily reported at $0.001194.

Telegram Wallet has re-launched the Exchanges function, and TON-based deposits are still being processed

BlockBeats news, on August 27, according to the official announcement of Telegram Wallet, the Exchanges function is back online. All users can now access most of the wallet's functions, including DOGS exchanges and P2P transactions.

TON-based deposits are still being processed and will be automatically completed in the next 6-8 hours. Once the team has completed all necessary updates, Wallet Earn deposits and withdrawals will soon be displayed correctly, and users will be able to withdraw DOGS on the chain.

Elon Musk: X platform is to support everyone to express, even those I oppose

BlockBeats news, on August 27, Elon Musk posted on X: "Just want to reiterate that this platform is indeed to support all views within the laws of various countries, even those of people I strongly disagree with and personally dislike. If you don’t do it on X, please yell at me (preferably on the X platform)"

Durov was accused of providing unauthorized "cryptography" services and tools, and may be detained until the 28th

BlockBeats news, on August 27, TheBlock reported that according to a statement issued by the Paris Judicial Court, Telegram CEO Pavel Durov faces charges including providing unauthorized "cryptography" services and tools. The statement said: "The arrest of Telegram founder Pavel Durov was carried out in the context of a judicial investigation that began on July 8, 2024, after a preliminary investigation was launched by the Anti-Cybercrime Department of the Paris Prosecutor's Office. The charge of the judicial investigation is the provision of cryptography services and tools." Several other charges are listed in the document, including conspiracy to "possess pornographic images of minors" and "laundering illegal proceeds for criminal organizations." Durov is being questioned as part of a cybercrime investigation and he may be detained until August 28.

Telegram is being investigated by the Indian government for suspected extortion and other crimes

BlockBeats news, on August 26, according to Moneycontrol, Telegram was investigated by the Indian government for suspected involvement in criminal activities such as extortion and gambling. An official said that based on the results of the investigation, Telegram may even be banned.

The official said that the investigation was conducted by the Indian Ministry of Home Affairs and the Ministry of Electronics and Information Technology, which specializes in investigating criminal activities such as extortion and gambling.

NDV co-founder: has provided $6.5 million in liquidity to Usual's vault on Morpho

BlockBeats news, on August 26, NDV co-founder Christian posted that he had just provided $6.5 million in liquidity to the stablecoin protocol Usual's vault on Morpho. Christian believes that the best products should balance and combine the following points:

--1. Actively seek the highest risk-free rate in the industry;
--2. From a security perspective, conduct in-depth exploration of all interest-generating channels. Don't just look at the surface. You must imagine the performance in various extreme situations and also conduct careful audits;
--3. Have a deep understanding of liquidity. Scale sometimes does not mean insurance. For example, for a stablecoin/interest-bearing asset, don't look at the liquidity in the current DEX, but look at how the underlying mechanism supports the de-anchoring during a run.
--4. To be extremely competitive, this means that you have to squeeze your partners to the maximum extent possible while making mutual profits, strive for the most incentives, and reduce the cost of fees as much as possible;
--5. To imagine the mentality of any user, to start from the perspective of large users/institutions with tens of millions of dollars, and also to try to understand the thinking of users with only one hundred dollars in their pockets.
--6. Always keep thinking about the tension between centralization and decentralization, and in which functions should centralized solutions be used to solve the threshold and cost problems, and in which places should decentralized and transparent credit establishment be maintained.

Multiple French government websites were offline due to DDoS attacks, which may be related to the arrest of Pavel Durov

BlockBeats reported that on August 27, Cointelegraph reported that multiple French government websites were offline due to DDoS attacks, and the attack was suspected to be related to a Russian hacker group. The affected websites include the Paris Administrative Court, the French Health Department and the French Supreme Court website. The attack is considered a response to the arrest of Telegram founder Pavel Durov in France.

On August 24, Durov was detained by French authorities on charges including conspiracy with illegal activities. French President Macron subsequently issued a statement saying that the arrest of Durov was not for political reasons and reiterated France's commitment to freedom of speech. However, the statement has sparked widespread criticism from the crypto community and free speech activists, with industry leaders including Ethereum co-founder Vitalik Buterin and billionaire Elon Musk calling for Durov's release. So far, Durov has not been formally charged with a crime. French authorities can detain him until August 28 for further investigation.

Police: Telegram founder accused of failing to cooperate on cyber and financial crimes on the platform

BlockBeats news, on August 26, a police spokesman said that Durov, the founder of the social platform Telegram, was accused of failing to cooperate on cyber and financial crimes on the platform. (Jinshi)

Uniswap Labs' total revenue exceeds 50 million US dollars

BlockBeats news, on August 26, according to Token Terminal, Uniswap Labs' total revenue has exceeded 50 million US dollars to date.

MEME coin hype has cooled down, and the daily transaction fee on the Solana chain has dropped to the lowest point in months

BlockBeats reported that on August 26, the hype around MEME coins cooled, and daily transaction fees on the Solana blockchain fell to their lowest level since early May 2024.

On Monday, Solana’s daily transaction fees fell to $639,000, down 65% from the peak of $1.83 million on August 8 this month, and down 87% from the all-time high of $5.08 million on March 18.

According to Coingecko data, the market value of MEME coins on Solana is currently $7.42 billion, down 2.6% in the past 24 hours.

The top five MEME coins on the Solana network have all seen a drop in price over the past month. Specifically, the token prices of Dogwifhat, Bonk, Popcat, Book of Meme, and Cats in a Dogs World fell by 28%, 30%, 18%, 14%, and 34%, respectively.

Yesterday, BITB had a net outflow of $16.6 million, and Grayscale ETHE had a net outflow of $9.5 million

BlockBeats news, on August 27, according to Farside Investors monitoring, as of press time, yesterday's US Bitcoin spot ETF, Bitwise's BITB had a net outflow of $16.6 million, VanEck HODL had a net outflow of $7.2 million, and Franklin Templeton's EZBC had a net inflow of $5.5 million.

Yesterday, the US Ethereum spot ETF, Grayscale ETHE had a net outflow of $9.5 million, and Franklin's EZET had a net outflow of $1 million.

The 7-day moving average of daily transactions on the Ethereum network has dropped by about 55% in the past month

BlockBeats news, on August 26, according to The Block data, the 7-day moving average of daily transactions on the Ethereum network has dropped by about 55% in the past month, from $6.56 billion on July 26 to $2.9 billion today.

Ethereum's monthly transaction volume in July was $134.71 billion, while August's transaction volume is currently only $91.46 billion, with 5 days left until the end of the month.

Crypto development company Chainbound completes $4.6 million in financing, led by Cyber ​​Fund

BlockBeats news, on August 26, cryptocurrency research and development company Chainbound completed $4.6 million in financing, with Maven 11, Robot Ventures and Bankless Ventures participating.

The startup is developing a protocol called Bolt, which will enable cutting-edge pre-confirmation on Ethereum, allowing sub-second transaction confirmation, greatly speeding up the current average confirmation time of seven seconds.

PayPal's stablecoin PYUSD market value exceeds $1 billion, and the supply on the Solana chain has surged 171% in the past month

BlockBeats news, on August 27, according to FinanceFeeds, PayPal's stablecoin PYUSD market value has exceeded the $1 billion mark, and its supply has more than doubled since June. According to Visa's stablecoin dashboard, PYUSD's user activity has soared, with monthly active wallet addresses jumping to more than 25,000 in July, compared with 9,400 in May.

PYUSD ushered in a peak in supply growth after expanding to the Solana network in May, growing from zero to $650 million in just three months, exceeding the supply on the Ethereum chain. According to DefiLlama data, the supply of PYUSD on the Solana chain has increased by 171% in the past month.

Yesterday, BlackRock IBIT had a net inflow of $224.16 million, the largest single-day inflow since July 22

BlockBeats news, on August 27, according to Trader T data, yesterday BlackRock IBIT had a net inflow of $224.16 million (3,528 BTC), the largest single-day inflow since July 22, with a trading volume of $700 million.

Yesterday, the U.S. Ethereum spot ETF had a net outflow of $13.2 million

BlockBeats news, on August 24, according to Farside Investors and Trader T data, yesterday, the U.S. Ethereum spot ETF had a net outflow of $13.2 million, including:

Fidelity FETH had a net outflow of $2.7 million;

Franklin's EZET had a net outflow of $1 million;

Grayscale ETHE had a net outflow of $9.5 million.