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- dYdX mainnet in final stages of testing | Industry highlights
dYdX mainnet in final stages of testing | Industry highlights
John, Bitget Research
2023/09/21
![dYdX mainnet in final stages of testing | Industry highlights](https://img.bitgetimg.com/multiLang/web/eddd08b5c1967cfea54f43d10862ec8d.png)
1.Mainstream Exchange Trends:
● According to an official announcement, Binance has temporarily suspended stopped new stable-rate loan applications for all tokens excluding BTC, ETH, USDC, USDT, and TUSD until further notice. This move is said to upgrade Binance's coin loans platform and improve user experience.
● Coinbase will add support for Vara (VARA) on the Vara Network.
● Mainstream exchange listings (CEX: Token–Time of Listing in UTC+8)
KuCoin: PYUSD - September 21, 2023, 6:00 PM (UTC+8)
2.Cryptocurrency Trends:
● PayPal's social payment platform Venmo is set to launch
PayPal USD stablecoin (PYUSD), designed for payments.
● Optimism has entered into a private token sale of approximately US$116 million OP tokens, split among seven purchasers, for treasury management purposes.
● The Fed swap m arket has reduced the likelihood of a rate cut in 2024, and data shows that traders now expect the first cut to occur in September of the following year..
● The U.S. Federal Reserve will hold the interest rates steady in the current 5.25%-5.50% range, in line with
market expectations.
● dYdX founder Antonio Juliano, in an interview with Coindesk, stated that the dYdX mainnet, originally scheduled for a late September launch, has been postponed and may now go live sometime in early to mid-October. The platform is currently in its final testing stages and is nearly fully developed.
● Binance's seven-day average BTC
spot trading volume has fallen by 57% since the beginning of September, with volume down 48% across exchanges overall, according to K33.
3.Financing Trends:
● Freatic, a decentralized information marketplace protocol, has secured US$3.6 million in a seed round led by a16z Crypto.
● Varys Capital is looking to raise US$75 million for its equity venture capital fund centered around
blockchain innovation.
● Fuze, a Middle Eastern digital asset startup, announced the closing of a US$14 million seed round led by Abu Dhabi-based venture capital firm Further Ventures.
4.Regulatory Trends:
● The U.S. House Financial Services Committee approved a bill aimed at preventing the issuance of a U.S. central bank digital currency (CBDC), which will now undergo further deliberation in the House of Representatives.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.