Golden Web3.0 Daily | Terraform Co-founder Do Kwon May Plead Guilty

DeFi data

1. Total market value of DeFi tokens: 162.672 billion US dollars

2. The trading volume of decentralized exchanges in the past 24 hours was US$10.495 billion

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

3. Assets locked in DeFi: US$149.583 billion

img src="https://img.jinse.cn/7391043_watermarknone.png" title="7391043" alt="M9oMbCZvhq367SK5kMNjUfYijcl5vPeUdPpSiCBN.png">

Top 10 DeFi Projects with Locked Assets and Locked Amounts Data Source: defillama

NFT Data

1. Total NFT Market Value: US$23.389 Billion

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

2. 24-hour NFT trading volume: 3.903 billion US dollars

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

3. Top NFTs in 24 hours

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

Headline

Terraform Co-founder Do Kwon May Plead Guilty

Jinse Finance reports that Terraform Labs co-founder and former CEO Do Kwon may plead guilty in the Southern District of New York federal court on Tuesday morning. Judge Paul Engelmayer stated that Kwon needs to prepare a detailed statement of the facts of the crime, and the plea hearing will be held on Tuesday. Previously, in March 2023, US prosecutors indicted Kwon on multiple charges, including fraud, commodities fraud, wire fraud, securities fraud, market manipulation, and money laundering. These charges were related to the collapse of Terra USD (UST), the algorithmic stablecoin he led, which resulted in billions of dollars in losses. Kwon denied all charges in January of this year.

DeFi Hotspots

1. Data: 25% of Staked Ethereum Controlled by Lido

Golden Finance reported that 25% of staked Ethereum is controlled by Lido, while Binance and Coinbase each validate approximately 7.5%. This brings the total share of these three validators to approximately 40%.

2. Vitalik expounds on the balance between "idea-driven" and "data-driven" decision-making

Golden Finance reported that Ethereum co-founder Vitalik discussed the "idea-driven" and "data-driven" decision-making models in his latest article. He pointed out that ideas not only affect individual cognition, but are also a social construct for community coordination, which helps with division of labor and focus on goals, but excessive solidification may deviate from the original intention. He suggested adopting a balanced solution of "data-driven selection of ideas" and "principles before ideology" to improve the efficiency of individual and collective decision-making and prevent extremism or over-reliance on elite leadership.

3. Blockchain identity authentication platform 1Kosmos completes US$57 million in Series B financing

Golden Finance reported that blockchain identity authentication platform 1Kosmos announced the completion of US$57 million in Series B financing, led by Forgepoint Capital and Origami's Oquirrh Ventures, with participation from Carahsoft founder and president Craig Abod, NextEra Energy Ventures, Gula Tech Adventures and 1Kosmos management team. 1Kosmos uses private, permissioned blockchains to encrypt and store personally identifiable information (PII) to help companies transform identity recognition into business drivers and promote the future development of identity authentication and passwordless authentication.

4. Circle will launch ARC, a Layer 1 blockchain dedicated to stablecoins.

Golden Finance reported that according to market news: Circle will launch ARC, a Layer 1 blockchain dedicated to stablecoins.

5. Monad posted a message hinting at a possible mainnet launch this year

On August 12, Monad tweeted "Monad Mainnet" with an image showing "2025", suggesting that the mainnet may be launched this year. 6. Data: Native USDC Minting on the Sei Network Grew to $162 Million in the Past Two Weeks. According to on-chain analyst Yu Jin Finance, over the past two weeks, native USDC minting on the Sei Network has grown to $162 million. This represents more than half of the 24 public chains issuing native USDC, approaching OP and Unichain, and surpassing Linea and zkSync. In addition, USDC issuer Circle's IPO filing previously disclosed that $SEI was its fourth-largest digital asset holding, and Grayscale's Dynamic Income Fund (GDIF) also includes SEI. 7. Ethereum Core Developer "Safely Released" After Detention in Turkey Jinse Finance reported that Ethereum core developer Federico Carrone (nicknamed "Fede's Intern" on the X platform) confirmed he was released after being detained in Turkey for 24 hours for alleged involvement with an Ethereum privacy protocol. "I'm finally out, safe and free. Things looked very bad for a while, but with the help of many people, I was released," Carrone said in a post on the X platform on Monday. According to Carrone, the Turkish Interior Minister accused him of "helping others abuse Ethereum" and alleged involvement with a privacy protocol. Carrone said he believes the matter is related to a research paper he published in January 2022, which evaluated user privacy on Ethereum and Tornado Cash. "We never helped anyone with illegal activities; this was purely research on mixers and their characteristics," Carrone said. Carrone also announced his decision to donate $500,000 to Tornado Cash co-founder Roman Storm's legal defense. Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational purposes only and is not intended as investment advice. We encourage everyone to establish sound investment practices and maintain a high level of risk awareness.