Golden Web3.0 Daily Report | The first batch of spot XRP ETFs will be launched in the next two weeks.

DeFi data

1. Total market value of DeFi tokens: 131.46 billion US dollars

2. Trading volume of decentralized exchanges in the past 24 hours: $108.28

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

3. Assets locked in DeFi: $145.684 billionbillion

Top 10 DeFi Projects by Locked Assets and Total Value Locked (Data Source: defillama)

NFT Data

1. Total Market Value of NFTs: $14.072 billion

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NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap

2.24-hour NFT Transaction Volume: $1.734 billionUSD

Top 10 NFTs by Sales Growth in the Last 24 Hours. Data Source: NFTGO

Headline

The ETF Store President: First Batch of Spot XRP ETFs Expected to Launch Within the Next Two Weeks

According to Jinse Finance, Nate Geraci, President of The ETF Store, stated in an article on the X platform, "The first batch of spot XRP ETFs is expected to launch within the next two weeks."

Jinse Finance reports that Nate Geraci, President of The ETF Store, stated in an article on the X platform, "The first batch of spot XRP ETFs is expected to launch within the next two weeks."

An ETF is coming. For the past five years, the U.S. Securities and Exchange Commission (SEC) has been suing Ripple, a lawsuit that only ended three months ago. In my opinion (IMO), the launch of the spot XRP ETF is a death knell for regulators who previously held an anti-cryptocurrency stance. The cryptocurrency industry has truly come a long way. According to Jinse Finance, AI Aunt's monitoring shows that a whale who heavily invested in the Chinese Meme coin at its peak has finally cut his losses. In the past 50 minutes, he liquidated five tokens: Binance Life, Customer Service Xiao He, Hakimi, Memerush, and PUP, accumulating a loss of $3.598 million. Among them, Binance Life alone resulted in a loss of $2.49 million. With this, all the tokens he heavily invested in on October 9th, totaling $4.493 million, have been liquidated.

DeFi Hot Topics

1. BNB Chain: Fermi Hardfork Version Officially Released

According to Jinse Finance, BNB Chain announced on the X platform that the Fermi Hardfork version has been officially released and is applicable to the BSC network. This upgrade reduces the block interval from 750 milliseconds to 450 milliseconds.

2. Hasu: Balancer v2 Attack Could Set Back DeFi Adoption by 6-12 Months

According to Jinse Finance, Hasu, Strategic Director of Flashbots and Strategic Advisor of Lido, stated that Balancerv2, launched in 2021, has since become one of the most watched and frequently forked smart contracts. This is very worrying. Every time a contract that has been online for so long is attacked, it (naturally) sets back the adoption of DeFi by 6 to 12 months.

3. Berachain: Network Suspension Coordinated for Emergency Hard Fork to Fix Balancer V2 Vulnerabilities on BEX

According to Jinse Finance, the Berachain Foundation stated that validator nodes have coordinated to suspend the Berachain network so that the core team can execute an emergency hard fork to resolve Balancer V2-related vulnerabilities on BEX. This network suspension is planned, and the network will resume operation shortly.

Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish sound investment principles and be sure to enhance your risk awareness.