Golden Web3.0 Daily | Goldman Sachs expects the Fed to start cutting interest rates in September

DeFi data

1. Total market value of DeFi tokens: 99.217 billion US dollars

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was 6.467 billion US dollars

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

3. Assets locked in DeFi: 104.61 billion US dollars

NFT data

1. NFT total market value: 4.637 billion US dollars

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

2. 24-hour NFT trading volume: 3.981 billionUS dollars

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

3. Top NFTs in 24 hours

The top ten NFTs with the highest sales growth in 24 hours. Data source: NFTGO

Headlines

Goldman Sachs expects the Federal Reserve to start cutting interest rates in September

Golden Finance reported that Goldman Sachs expects the Federal Reserve to start cutting interest rates in September, up from its previous forecast of July.

NFT Hotspots

1. AI company Rabbit denies Coffeezilla's NFT fraud allegations

Golden Finance reported that AI company Rabbit denied some of the allegations of YouTube investigator Stephen Findeisen ("Coffeezilla"), saying that the company has made it clear that it will rebrand and turn to the AI ​​field. A Rabbit spokesperson said in a statement that Rabbit and Gama projects are independent ideas and enterprises under the same company. In addition, the spokesperson also stated that many employees joined the company after the name change. They said that more than 80% of Rabbit's current employees joined after December 2023, a few months after its rebranding.

DeFi Hotspots

1. Jupiter Routing Protocol Launches Raydium's New CPMM Program Function

On May 24, Jupiter announced that it had integrated the new CPMM Program function of the Raydium protocol. This function will support Token 2022 tokens without creating a public order book market and provide a built-in price oracle by using the price of the fund pool. Now, users can trade new tokens and new markets from Raydium through the Jupiter platform.

2. BNB Chain: BNB pledge migration has been completed by 71%

Golden Finance reported that BNB Chain issued a statement that the BNB pledge migration has been completed by 71%. Have you migrated BNB from Beacon Chain to BSC? If not, please migrate now.

3.RISC Zero brings validity proof to OP Stack through its ZK block prover Zeth

Golden Finance reported that Risc Zero, a zero-proof software developer, tweeted that its Ethereum open source ZK block prover Zeth has integrated the Optimism infrastructure, supporting the provable construction and export of Optimism blocks from the Ethereum mainnet, verifying concise proofs on the chain, and bringing ZK fraud and validity proof development to OP Stack. The integration utilizes revm, alloy, and etherscrates.

4.Algorand Foundation's new ad slams BTC, ETH, and Solana

Golden Finance reported that the Algorand Foundation released a new ad on YouTube titled "When blockchain meets the real world, only one can be realized." The ad shows a supermarket checkout where shoppers try to pay using three different crypto assets: Bitcoin, Ethereum, and Solana. In the ad, the person trying to pay with Bitcoin is told by the cashier that he has to wait because the transaction will take 27 minutes. The Ethereum payer is told that the transaction will be charged a fee of $112, while the shopper who chooses Solana cannot pay because the transaction keeps failing. Using Algorand to process the customer's checkout queue, the result is "instant completion, low fees." The ad has been viewed more than 700,000 times on X, and one commenter said: "Algorand runs at 21TPS and cannot fund its main explorers, but has invested more than $100,000 in advertising. This is not the way to do things."

5. LayerZero co-founder: Hunters can only get 10% of what the witch originally deserves, but if the witch is 0, the hunter is also 0

Golden Finance reported that LayerZero co-founder and CEO Bryan Pellegrino said on the X platform that in the witch hunting bounty event, bounty hunters can get 10% of the airdrop rewards originally due to the witch address they hunted, and the remaining 90% will be returned to eligible addresses. If the witch address originally deserves 0 tokens, then the bounty hunter will also get 0. Some netizens commented under the post that the project should publish eligibility criteria so that people no longer waste time reporting "worthless" witches.

6. Bancor: Centralized Liquidity 2.0 is now available on Ethereum, Base, etc.

Golden Finance reported that the open source DeFi protocol ecosystem Bancor announced on the X platform that centralized liquidity 2.0 is now available on Ethereum, Base, Fantom, Mantle and the upcoming Sei Network v2, which will provide greater flexibility and lower fees.

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