[Link to FM] AEX suspends platform-related services to cooperate with the police investigation. Many domestic departments of Huawei are researching and exploring Web3

【Data Intelligence】

The total lock-up volume of DeFi agreements reached 80.08 billion US dollars

According to DefiLlama data, the total locked-up volume (TVL) of the DeFi protocol reached 80.08 billion US dollars, an increase of 4.22% within 24 hours. The top five TVL rankings are MakerDAO ($8.08 billion), Lido ($5.85 billion), AAVE ($5.83 billion), Curve ($5.5 billion), and Uniswap ($5.42 billion).

The transaction volume of Bored Ape Yacht Club NFT has increased by more than 300% in the past 24 hours

According to the latest data from opensea, the transaction volume of Bored Ape Yacht Club NFT in the past 24 hours was 495.54ETH, an increase of 330.9% in 24 hours. The current floor price is 98ETH.

【 Regulatory News 】

President of the Hong Kong Monetary Authority: DeFi may become an important technology for innovation in the financial field in the future

According to news on July 18, Yu Weiwen, President of the Hong Kong Monetary Authority, said at the G20 meeting of financial officials that stricter scrutiny of Stablecoin will help prevent disasters in the DeFi field, because Stablecoin is usually used to buy other cryptocurrencies and then used to go to DeFi. Centralized financial activities. Yu Weiwen believes that the regulation of Stablecoin is better than the regulation of DeFi and its related products. At the same time, he also said that DeFi will not disappear soon, and may become an important technology that focuses on future innovations in the financial field. In terms of private Token regulation, Yu Weiwen believes that privately issued Tokens need to be regulated, which is crucial to addressing the risks posed by decentralized finance.

RBA Governor: Regulated Token May Be Better Than CBDC

Phillip Lowe, Governor of the Reserve Bank of Australia, said at the G20 event that regulated tokens may be better than CBDC. Phillip Lowe explained that privately issued Tokens must be backed by the state, and deposits of issuers like Circle must be regulated like bank deposits. As long as regulations can keep up, regulated Tokens may be better than CBDCs because these areas Better at developing Token functions, and establishing a CBDC will be a costly job for the central bank.

【Industry Trends】

STEPN: APE Realm will be officially launched at 18:00 on July 18

On July 18th, Move to Earn app STEPN announced that APE Realm will be officially launched at 18:00 on July 18th, Beijing time. In addition, after the launch of APE Realm, the casting cooling time of all Realms will be shortened from 72 hours to 48 hours.

Slow Mist: Hackers implement phishing attacks by implanting malicious JS files in premint.xyz website

On July 17, according to intelligence feedback from SlowMist District, premint.xyz was attacked by hackers. Hackers implanted malicious JS files in the premint.xyz website to carry out phishing attacks, deceiving users to sign the transaction of setApprovalForAll(address,bool), Thereby stealing the user's NFT and other assets. The SlowMist security team reminds users that if you use the premint.xyz platform, please check the authorization settings and cancel the malicious authorization in time.

People close to Huawei: Huawei's domestic departments are researching and exploring Web3

A person close to Huawei revealed that “Huawei (domestic) multiple departments or teams are exploring Web3, including Huawei Cloud, Hongmeng, Huawei Wallet, etc.” NFT of CakedApes, causing the base price of the series to soar. In addition, HUAWEI CLOUD also provides cloud services for Web3 games such as Ankots of Misteria and Revoland.

House and Senate Democrats urge regulators to demand data from Bitcoin miners

Members of the House and Senate sent a letter to the Energy and Environmental Protection Agency asking the regulator to require crypto miners to report information about tasks and energy use. A group of members of Congress, including U.S. Senator Elizabeth Warren and U.S. Rep. Jared Hoffman, sent a letter to the Department of Energy(DOE) and the Environmental Protection Agency (EPA) on Friday asking regulators to require crypto miners to report emissions. and energy use. Lawmakers also released written responses from seven miners who said they had been contacted asking for information about their energy use. "None of the companies provided complete and complete information in response to our questions," the letter to the regulator said. In it, the lawmakers asked the EPA and DOE to “work together to require emissions and energy use reporting” by crypto miners.

The gas fee per transaction on the Arbitrum network drops to $0.18

L2Fees data shows that the current average gas fee for each transaction on the Arbitrum network is about $0.18, and the gas fee for sending ETH on the Arbitrum network is about $0.11.

【Elite Viewpoint】

Changpeng Zhao: As a "pure Web3 company", Binance has no plans to offer stock trading

Binance CEO Changpeng Zhao (CZ) said he is committed to providing Web3 services and is eyeing potential acquisitions. No matter how many new users it can attract, Binance is not interested in giving users the ability to trade stocks. "We don't have any plans to do stock trading, we're a pure Web3 company," said Changpeng Zhao. While stock trading has proven to be a lucrative market for many retail investment platforms such as Robinhood and Webull, Changpeng Zhao said He would prefer to see Binance focus on developing more Web3 tools. Zhao added that Binance is eyeing several companies as potential acquisition targets during the bear market, but none of these companies will revolve around deals in traditional stocks.

Mechanism Capital Co-founder Andrew Kang: "ETH is very expensive" from a fundamental point of view

Andrew Kang, co-founder and partner of encryption investment company Mechanism Capital, analyzed the fundamentals of Ethereum on social media. He said that the price of Ethereum gas has returned to the level before "DeFi Summer", but the price of ETH has fallen from the peak At the peak of the ETH transaction price, its price-earnings ratio was 33 times, but now it is 123 times. If calculated according to the former, the reasonable transaction price of ETH is 360 US dollars, so from the fundamental point of view Looking at it, ETH is very expensive, but venture capital holds a large amount of potential capital and can buy ETH at a high level to "buy expensive", which may cause ETH to bottom out at a price-earnings ratio of more than 33 times. ETH can be seen as a "commodity-currency-equity" hybrid. The importance of the price-earnings ratio is irrelevant in a bull market, but it is closely watched by bottom setters in a bear market.

【What to watch today】

AEX: Suspend platform-related services and fully cooperate with the police investigation

On July 17, the encryption trading platform AEX officially issued an announcement saying, "According to the requirements of the Guangxi police, platform-related services will be suspended at 15:32 (UTC+8) on July 17, 2022, and we will fully cooperate with the police investigation. Please follow-up Wait for the police announcement."

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