Golden Web3.0 Daily | Stablecoin Protocol Cap Officially Launches

DeFi data

1. Total market value of DeFi tokens: 163.414 billion US dollars

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$97.619

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

3. Assets locked in DeFi: US$148.779 billion

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

NFT data

1. Total NFT market value: US$22.575 billion

NFT total market value, top ten projects by market value Data source: Coinmarketcap

2. 24-hour NFT trading volume: US$2.382 billion

Top 10 NFTs with the Most Sales Gains in 24 Hours. Data Source: NFTGO

Headlines

Stablecoin Protocol Cap Officially Launches, Opens cUSD Minting

Jinse Finance reports that the Ethereum ecosystem's stablecoin protocol Cap has officially launched, opening cUSD minting. Users can participate in Epoch 1 of the Frontier project to earn Caps. Cap announced in April this year that it had completed an $11 million financing round, with participation from Franklin Templeton and Triton Capital. NFT Hot Topics 1. MGBX to Launch Spot Trading of APE, NFT, BLUR, and Other Products at 19:30 (SGT) on August 19th. Official news on August 19th: MGBX will launch spot trading of APE (ApeCoin), NFT (APENFT), BLUR (Blur), ME (MagicEden), and RARE (SuperRare) at 19:30 (SGT) on August 19th, 2025. Deposits open: 7:00 PM, August 19, 2025 (SGT); Trading open: 7:30 PM, August 19, 2025 (SGT); Withdrawals open: 7:00 PM, August 22, 2025 (SGT). 2. Texas judge supports influencer Logan Paul in dismissing class-action lawsuit against his NFT project, CryptoZoo. According to Golden Finance, Cointelegraph reported that a Texas district court judge recommended upholding the dismissal of the class-action lawsuit against influencer Logan Paul for his NFT project, CryptoZoo. Judge Ronald Griffin stated that the plaintiffs failed to adequately prove a connection between Paul and their financial losses. Judge Griffin recommended allowing the plaintiffs to amend all 27 counts, excluding the item pool fraud allegation. The class action lawsuit was filed in February 2023, alleging that CryptoZoo was a "runaway" that failed to deliver on its promises.

DeFi Hotspots

1. ZachXBT questions Circle's stance on regulatory compliance

According to Golden Finance, chain detective ZachXBT questioned Circle CEO Jeremy Allaire's recent remarks that "cooperation with the government is necessary." He noted that it took Circle six months to freeze addresses associated with the Lazarus Group, while the other three major stablecoin issuers immediately blacklisted the addresses. Furthermore, the Circle team also failed to respond promptly to requests from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) regarding the sanctioned addresses of Garantex. 2. Upbit Announces Support for SpaceCoin Airdrops for Creditcoin (CTC) Holders According to Golden Finance, Upbit announced support for SpaceCoin (SPACE) airdrops for Creditcoin (CTC) holders. 3. Paxos Approved to Issue PYUSD on the Stellar Network According to Golden Finance, the New York State Department of Financial Services (NYDFS) has issued a no-objection letter to Paxos, approving the issuance of the PYUSD stablecoin on the Stellar network. PYUSD is expected to officially launch on the Stellar network in 2025. 4. Circle's Layer-1 Blockchain Arc to Integrate with Fireblocks According to Golden Finance, Circle's upcoming blockchain Arc will be integrated with Fireblocks, providing banks and asset managers with custody and compliance tools immediately after the network goes live. Arc is a Layer-1 blockchain designed by Circle, the issuer of the USDC stablecoin. It is expected to launch a public testnet this fall and is scheduled for full launch by the end of 2025. The current queue for ETH to exit the Ethereum PoS network has risen to 910,000, setting a new record high. According to Golden Finance, according to data from validatorqueue, a website tracking validators, the current queue for exiting the Ethereum PoS network is currently at 910,461, a new record high, valued at approximately $3.91 billion. The number of ETH waiting to exit has increased for seven consecutive days, and the wait time for exits is approximately 15 days and 19 hours. Meanwhile, approximately 268,217 ETH are waiting to join the network, valued at approximately $1.15 billion, with an estimated activation delay of approximately 4 days and 16 hours.

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