Golden Web3.0 Daily | Biden's campaign funding "cut off"

DeFi data

1. Total market value of DeFi tokens: 79.832 billion US dollars

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 3.225 billion US dollars

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

3. Assets locked in DeFi: 88.018 billion US dollars

Top ten rankings of DeFi projects with locked assets and locked-in volume Data source: defillama

NFT data

1. Total market value of NFT: US$30.682 billion

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2. 24-hour NFT trading volume: 1.842 billionUS dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs in 24 hours

Top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Biden’s campaign funds were “cut off” and he was in a “catastrophic” predicament

On July 12, according to a report on the National Broadcasting Corporation website quoted by Cankao Xiaoxi, sources said that US President Biden’s campaign has faced a decrease in donations and the situation is extremely dangerous. The report said that one of the sources said: "The situation is catastrophic." Another source said: "The source of funds has been cut off." Two other sources said that this month, Biden's campaign fundraising from big donors may be reduced by half or even more. One source said: "Donors are very negative. They had a call with the president. This call seems unnatural to people. I don't think they believe him."

DeFi Hotspots

1. Gnosis Chain Mainnet Launches Threshold Encryption Technology Beta

Golden Finance reported that the Ethereum sidechain Gnosis Chain announced that Shutter's threshold encryption technology was implemented on the mainnet for the first time. This beta brings an encrypted memory pool to the Gnosis chain to protect users from malicious MEV attacks. This is the second major Shutter use case launched after Shielded Voting for Snapshot.

2.Tornado Cash developer Alexey Pertsev failed to get bail

July 12 news, on Friday, a Dutch court refused to release Tornado Cash developer Alexey Pertsev, who was sentenced for money laundering, and he is currently preparing to appeal. A spokesman for the Court of Appeal in 's-Hertogenbosch, the Netherlands, revealed that Pertsev will continue to be detained. His defense lawyers Keith Cheng and Judith de Boer argued that Pertsev would not abscond and that he needed to go online to prepare for the appeal trial. Pertsev was arrested in August 2022, just days after the U.S. Treasury Department imposed sanctions on Tornado Cash. He was detained, and prosecutors disclosed his allegations of money laundering three months later. Pertsev was released to house arrest after eight months in prison, and he was finally released under specific conditions last year. Now, his lawyers argue that Pertsev is no greater risk of absconding than before. Another Tornado Cash developer, Roman Storm, will go on trial in the United States in September. He is charged with money laundering, conspiracy to operate an unlicensed money transmission business, and conspiracy to violate U.S. sanctions laws.

3. The third phase of the Self Chain mainnet ends, and token migration and staking continue

On July 12, modular infrastructure Self Chain announced that the third phase of the mainnet was successfully completed, with a total of 60 verification nodes. Self Chain is now decentralized, and the token migration and staking process is underway. The migration from FRONT to SLF tokens will continue until all FRONT tokens are migrated to Self Chain as SLF tokens.

4. Compound CEO, CTO and other three executives resigned and founded a new DeFi protocol Legend

Golden Finance reported that Compound CEO, CTO and other three executives resigned and founded a new DeFi protocol Legend. The protocol aims to bring the next 100 million users to the chain by building the world's best DeFi interface. According to reports, its founder Jayson Hobby was the CEO of Compound; Geoffery Hayes was the founder and CTO of Compound; Mykel Pereira was the vice president of Compound products.

5. Cyvers Alerts releases Aave-related security alert

On July 12, the security agency account Cyvers Alerts released an Aave-related security warning on the X platform, suggesting that the latter contact it immediately. The details of the incident are not clear at present, and the AAVE coin price has not fluctuated.

6. South Korea's Bithumb announced support for the MAP Protocol mainnet conversion and brand reshaping, and will support the charging and withdrawal of the mainnet currency MAPO

On July 12, according to the Bithumb announcement, Bithumb will support the MAP Protocol mainnet conversion and brand reshaping, and the token will use the new Ticker MAPO. Bithumb will suspend the deposit and withdrawal of ERC20-MAP tokens at 11:00 on July 15, Korean time, and will reopen the deposit and withdrawal of the main network currency MAPO after the conversion is completed.

Game Hotspots

1. Report: Blockchain games drive the popularization of Web3 in 2024

Golden Finance reported that in the first quarter of 2024, blockchain games became the main driving force for the popularization of Web3, occupying 30% of the market share and attracting more than 2.1 million daily active wallets. According to a report by Drake Star Partners, private investment in game projects surged to US$2.4 billion in the first quarter, with venture capital firms such as BITKRAFT and Andreessen Horowitz accounting for more than 40%. Playbux CEO Sarun Vichayabhai said that overcoming dependence on unsustainable economic models such as NFT and P2E is key to the growth of Web3 games. Projects such as Decentralized Gaming Income (DGI) use AI innovation to democratize game development, while the DEAR project pioneers new forms of interaction by using tokens as representations of emotions and relationships. Ordz Games CEO z3th pointed out that specialized hardware will enable Web3 game developers to optimize parameters and integrate new features. Websea COO Herbert Sim emphasized that Web3 game projects need to build a holistic ecosystem to enhance grassroots accessibility and participation. Web3 growth expert Bilal Bin Saqib said that concepts such as P2E and Move-to-Earn are attracting Web2 players to the Web3 ecosystem, showing the huge potential of Web3 games.

2. Web3 game ecosystem Pixelverse raises another $2 million

Golden Finance reported that the Web3 game ecosystem Pixelverse recently raised $2 million from venture capital firms and private investors, bringing its total financing to $7.5 million. Galaxy Interactive, Crit Ventures and Arc Community participated in the financing along with well-known individual investors in the crypto world such as Alex Kruger, Luke Belmar, Mike Dudas and the pseudonymous Coco Bear. Pixelverse is planning a token generation event (TGE) this summer.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.