【Link to FM】Apple is recruiting a content marketing director who is proficient in Web3, and Polygon released the plan for the second half of the year

【Data Intelligence】

Ethereum's market capitalization is back above $200 billion

News on July 28, according to the latest data from Coingecko, with the price of ETH rising, the market value of Ethereum has returned to above 200 billion US dollars, reaching 204,547,281,309 US dollars. The current price of ETH is $1,717.62, a 24-hour increase of more than 15%.

The total locked position of Ethereum Layer 2 is 4.69 billion US dollars

According to L2BEAT data, the current total locked-up volume of Ethereum Layer 2 has risen to 4.69 billion US dollars, an increase of 9.32% on the 7th. Among them, the top five locked positions are Arbitrum ($2.48 billion, up 8.5% on the 7th), Optimism ($1.04 billion, up 24.49% on the 7th), dYdX ($565 million, up 1.09% on the 7th), Loopring ( $188 million, an increase of -2.69% on the 7th), Metis Andromeda ($131 million, an increase of 9.58% on the 7th).

【 Regulatory News 】

America Tech Act Creates White House Advisor on Blockchain and Cryptocurrency Issues

A U.S. bill aimed at boosting the manufacture of computer chips is set to go to President Joe Biden, which would also create an encryption advisory role within his administration. Bipartisan legislation passed both chambers of Congress following a House vote on Thursday to create a new adviser on blockchain and cryptocurrency issues who will work in the Office of Science and Technology Policy. Rep. Darren Soto , co-chair of the Congressional Blockchain Caucus and cryptocurrency proponent,said, “I am proud to create the policies necessary to ensure our government continues to shape innovation. The White House Office of Science has been directed by the president's executive order on encryption to analyze the impact of digital assets on climate change and submit a report later this year. The office sought public comment on the report in March.

Fed and FDIC order Voyager Digital to stop making false and misleading statements about its deposit insurance

The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) issued a joint letter ordering crypto lending platform Voyager Digital to stop making false and misleading statements about its FDIC deposit insurance status, according to a statement released Thursday. The regulator said the statements could mislead customers and be trusted by customers who parked their funds with Voyager but did not have immediate access to their funds. The FDIC previously confirmed that it was investigating claims that Voyager customers' funds were FDIC-insured at the time of its collapse.

【Industry Trends】

Web3 Biometric Startup Reltime Completes $50 Million Financing, GEM Digital Limited Participates

Reltime, a Norwegian Web3 biometric start-up company, announced that it has completed a financing of US$50 million, and the digital asset investment company GEM Digital Limited has made a strategic investment. Biometric payment card with cold storage and digital ID. Reltime's Web3 financial ecosystem also includes: "Certificate of Deposit" protocol, Reltime decentralized exchange and NFT marketplace, Web3 banking as a service solution, and Metaverse SDK. Reltime has previously said that its biometric cards will be launched first in Europe, Japan, India, Mexico and Brazil before expanding to wider global markets.

Aurora Protocol Aurigami Raises $12M in Token Round

Aurigami, a DeFi protocol built on the Aurora network, has raised $12 million in a token round. Of the total funding, $9.5 million was raised through private token sales and $2.5 million was raised through initial exchange offerings from KuCoin, Bybit and Impossible Finance. The private token sale ended in February and the IEO ended in May. Crypto venture capital firms Dragonfly Capital and Polychain Capital co-led the private token round. Other investors include Coinbase Ventures, Alameda Research, Jump Crypto, Amber Group and QCP Capital.

Bloomberg: Sky Mavis CEO moved funds before disclosing $540M hack

Trung Nguyen, co-founder and CEO of Sky Mavis, developer of the blockchain game Axie Infinity, transferred about $3 million in crypto tokens before the company revealed details of the $540 million. Nguyen transferred the funds as part of an effort to salvage the company's funds after the attack, and the transfers were made before Axie made information about the hack public. Sky Mavis spokeswoman Kalie Moore said this was necessary to prevent short sellers from front-running token sales once the hack became known to the public. The movement of Nguyen’s funds was part of a large number of encrypted transfers to an Axie-related wallet tracked by a pseudonymous Axie user named Asobs. These wallets all moved funds from the Ronin sidechain to centralized exchanges like Binance following the hack. However, according to Bloomberg, only the man identified by the Sky Mavis CEO has been confirmed by the company.

VeeFriends announced the completion of a $50 million seed round of financing led by a16z

VeeFriends announced the completion of a $50 million seed round, led by a16z. The financing is used to support the future intellectual property building of 283 VeeFriends characters and to fuel expansion plans for its creative, technology and experiential businesses.

Polygon releases plans for the second half of the year: Attract 1 million developers and commit $20 million to fund environmental protection projects

On July 28th, Polygon officially announced that it will focus on three key areas in the second half of 2022, namely: products, activities and accelerators, aiming to attract 1 million developers to join the Polygon ecosystem, including focusing on the "zk" field , Participate in encryption conferences such as ETH Seoul, ETH Mexico, ETH Lisbon, Devcon, and improve startup accelerator services. In addition, Polygon has pledged $20 million to fund community projects to combat climate change, and has already purchased $400,000 in carbon credits in April and offset the equivalent of 104,794 tons of carbon dioxide emissions in June.

【Elite Viewpoint】

Former CFTC Chairman: European Encryption Bill Will Threaten US Encryption Industry

Former Commodity Futures Trading Commission(CFTC) Chairman Chris Giancarlo is concerned that the European Union's fast-growing Markets in Cryptoassets (MiCA) bill could lead to a global export of European-style crypto regulation, negatively affecting U.S. regulators. The ability to effectively create your own rules. Giancarlo said that we need to develop our own framework, and our framework needs to clearly state that for US activities, there will be US regulation, not regulation from Europe. I have a lot of respect for Europe, but their markets are very different. CFTC Commissioner Caroline Pham said that as the U.S. struggles to provide regulatory clarity to the domestic crypto industry, a global regulatory framework like MiCA can fill the gap. Once those market structures change, shift and harden, with all the huge money and capital investment going into these new market structures, it's very difficult to change it back.

US SEC Chairman: Working with cryptocurrency exchanges to regulate them like stock exchanges

Watcher.Guru said on social media that SEC Chairman Gary Gensler said the agency is working with cryptocurrency exchanges to regulate them like stock exchanges.

【What to watch today】

Apple is hiring a content marketing director who is proficient in Web3

Apple(AAPL) is looking to add a creative director and a content marketing director with Web3 technology, according to two recent job postings on its career site. One of the checklists is for creative director candidates who have "expressed an interest in interactive platforms and Web 3.0." Another, an art director, called for a passion for experimentation and innovation, "show interest in Web 3.0", although Apple has since removed the listing from its website. However, re-released versions are still circulating on the Internet.

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