Trump leads 12% among crypto voters as hackers exploit Chrome vulnerability

Headline

▌Poll: Trump leads Harris by 12 points among crypto holders

A new FDU poll finds that potential voters who hold cryptocurrencies (about one in seven registered voters) support former President Donald Trump by 12 points in the upcoming presidential election. "Trump has been reaching out to the cryptocurrency community, and it seems to be working," wrote Dan Cassino, professor of government and political science at Vermont State University and executive director of the poll. The FDU poll found that cryptocurrency holders have a 50% approval rating for Trump and 38% for Vice President Kamala Harris. By comparison, a Reuters/Ipsos poll this week showed Harris leading Trump 45% to 41%. Meanwhile, the largest betting pool on Polymarket related to the results of the upcoming presidential election shows that Trump leads Harris by a narrow margin of 50%-48%. (Decrypt)

▌North Korean hackers exploit Chrome zero-day vulnerability to attack cryptocurrency users

Microsoft cybersecurity researchers have discovered a zero-day vulnerability in the Chromium engine, which powers browsers such as Chrome. The vulnerability was exploited by a North Korean hacker group called Citrine Sleet to specifically target cryptocurrency users. Citrine Sleet used a rootkit malware called FudModule to create fake cryptocurrency trading platform websites to trick users into downloading malware or weaponized crypto wallets, thereby gaining remote code execution permissions and stealing victims' crypto assets. This vulnerability was fixed on August 21, and users need to update their browsers as soon as possible to ensure safety. This is the third Chromium zero-day vulnerability to be exploited this year.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is 59,236.6 US dollars, with a daily increase or decrease of +0.3%;

ETH's latest transaction price is 2,525.43 yuan, with a daily increase or decrease of +0.2%;

BNB's latest transaction price is 536.70 US dollars, with a daily increase or decrease of +0.7%；

SOL's latest transaction price is $138.06, with a daily increase or decrease of -1.3%；

DOGE's latest transaction price is $0.1016, with a daily increase or decrease of +1.8%；

XPR's latest transaction price is $0.5663, with a daily increase or decrease of +0.6%。

Policy

▌The UK's ambition to become a cryptocurrency center is frustrated by regulatory obstacles

Due to the cumbersome and time-consuming regulatory process of the UK Financial Conduct Authority (FCA), cryptocurrency companies have withdrawn their applications. In the past three years, 186 companies have withdrawn their applications to register in the UK, reflecting dissatisfaction with the UK's regulatory environment. According to Reed Smith, from May 2023 to April 2024, the FCA received only 29 registration applications, a sharp drop from the figures in the previous two years. The number of applications in the first quarter of this year was only 7, the lowest in three years. The average approval time for the FCA's crypto registration application is 459 days, and some companies have been waiting for a decision for more than two years. This slow approval process has prompted many crypto companies to seek a more efficient foreign regulatory environment. Although the FCA emphasizes the importance of market integrity and consumer protection, frustration within the industry continues to increase, threatening the UK's ambition to become a global digital asset center.

Blockchain Applications

▌DEX aggregator ODOS announced that it has completed its Series A financing, with Uniswap and others participating

According to official news, DEX aggregator ODOS announced that it has completed its Series A financing, with Uniswap, CurvedVentures, orbs_network, 0xMantle, and pakafund participating.

▌The Ethereum Foundation announced a list of funded projects and community activities in Q2, with a total amount of over $8.47 million

The Ethereum Foundation announced a list of funded projects and community activities in the second quarter of 2024, with a total amount of over $8.47 million. In terms of community and education, it has supported global conferences and hackathons such as ETH Beijing, ETH Tokyo, and ETHWarsaw. In the field of cryptography and zero-knowledge proof, research projects such as Anon Aadhaar Protocol and Faster Scalar Multiplication of Elliptic Curves were funded. In terms of developer experience, the development of tools such as Circom Language Server and MEDGA Solidity debugger was supported. The Foundation also indirectly supported the Traceability Public Goods Funding Round operated by Cryptoversidad and the Road to Devcon Quadratic Funding Round for Southeast Asia. At the protocol level, the Account Abstraction Core Team and Ethereum Protocol Fellowship (EPF) projects continued to be supported. Other important funding includes projects such as L2BEAT, Ephemery Testnet and Summer of Protocols.

Cryptocurrency

▌The inflows of funds for many Ethereum ETFs were all 0 yesterday

According to Farside Investors, the inflows of funds for Ethereum ETFs such as Grayscale (ETHE), Grayscale Mini (ETH), Franklin (EZET), 21 Shares (CETH), Bitwise (ETHW), and VanEck (ETHV) were all 0 yesterday.

▌Four Bitcoin ETFs had a net outflow of $164.5 million yesterday, and GBTC had a net outflow of $70.2 million

According to Farside Investors data, Grayscale GBTC had a net outflow of $70.2 million, ARK's ARKB had a net outflow of $65 million, Bitwise's BITB had a net outflow of $16.4 million, and Fidelity FBTC had a net outflow of $12.9 million. VanEck, Franklin, WTree and other Bitcoin ETFs had a net inflow and outflow of 0.

▌Research: Bitcoin mining can help reduce methane emissions

A study recently published in the Journal of Clean Production pointed out that Bitcoin mining may help reduce methane emissions. The study shows that Bitcoin miners can use the "landfill gas to energy" (LFGTE) system to convert methane gas from landfills into usable energy, thereby sequestering this greenhouse gas and reducing its harm to the atmosphere. The authors of the paper believe that Bitcoin's global economic incentive mechanism is suitable for capital-intensive long-term projects and provides an innovative solution without government incentives. This incentive structure not only helps to reduce methane emissions, but can also be used to recover underutilized energy, such as wastewater treatment plants and agricultural processing operations. In addition, Marathon Digital (now known as MARA) has begun using LFGTE systems for Bitcoin mining and is working with the Kenyan government to develop renewable energy infrastructure. This research is supported by other related papers, indicating that Bitcoin mining may reduce global emissions by about 8%.

▌Vitalik Buterin: Both Optimism and Arbitrum meet the Security Committee voting threshold requirements

Ethereum co-founder Vitalik Buterin responded on the social platform that "all major L2 networks in the main network can technically steal user funds", saying that an important detail: the rules of Phase 1 require that the code can only be overturned if the Security Committee reaches a 75% voting threshold, and members who block the quorum (i.e. ≥26%) need to be from outside the company. Both Optimism and Arbitrum meet this requirement. Therefore, these organizations cannot unilaterally steal funds.

▌Almost half of all corporate funds raised in the US presidential election came from cryptocurrencies

According to Bitcoin Magazine’s article on the X platform, “CNBC said that almost half of all corporate funds raised in the US presidential election came from Bitcoin and cryptocurrencies, and their spending exceeded that of large oil companies and banks. So far, wherever cryptocurrency funds flow, victory follows.”

▌Analysis: Bitcoin has recently shown a trend of “buying in Asia and selling in the United States”

Crypto analyst Miles Deutscher said that Bitcoin has recently shown a trend of “buying in Asia and selling in the United States”. The cumulative return rate of Bitcoin in the Asian trading session over the past two weeks has exceeded 5%, while the US trading session has seen negative returns. The important data next week will be the August non-farm payrolls report released on Friday, September 6. A weak July jobs report could be a catalyst for the Fed to commit to a rate cut in September. However, the market is currently pricing in a 25 basis point rate cut in mid-September. But if the second month of weak jobs data is released, investors may quickly anticipate a 50 basis point rate cut from the central bank, which would provide a strong positive stimulus to risk markets, including Bitcoin. If the September jobs report is strong, market expectations for loose monetary policy may be tempered. Regardless of the outcome, volatility is likely to be seen ahead, with a probability of about 50% for upward volatility.

Important Economic Developments

▌ECB Board Member François Villeroy supports September rate cut, calling it a reasonable and sensible move

ECB Board Member François Villeroy supports a rate cut next month after data showed a significant slowdown in inflation in August. He said the ECB should anticipate future progress in curbing inflation. He expects French inflation to remain at its 2% target by the first half of 2025 and eurozone inflation to remain at its 2% target by the second half of next year. "In my opinion, our meeting on September 12 should take action," Villeroy said. "It would be reasonable and wise to decide to cut interest rates again." This is one of the clearest commitments to cut interest rates at the next meeting. Some other officials hinted that a rate cut is increasingly likely. Earlier, data released by the European Union Statistics Office showed that consumer prices rose 2.2% year-on-year in August, significantly lower than 2.6% in July.

▌The three major U.S. stock indexes turned down during the session

The three major U.S. stock indexes turned down during the session, with the Dow Jones Industrial Average down 0.4%, the S&P 500 down 0.1%, and the Nasdaq down 0.04%.

▌The three major U.S. stock indexes closed up collectively, and popular technology stocks rose generally

The three major U.S. stock indexes closed up collectively, with the Dow up 0.55%, the Nasdaq up 1.13%, and the S&P 500 up 1.01%. Popular technology stocks rose generally, with Intel up more than 9%, Tesla and Amazon up more than 3%, and Nvidia and Google up more than 1%.

Golden Encyclopedia

▌What is the new domain name dacc.eth registered by Vitalik?

Ethereum co-founder Vitalik Buterin has chosen a new Ethereum domain name specifically referring to "defensive accelerationism." Buterin's d/acc advocates a controlled, cautious approach to technological development and promotes more decentralization. This philosophy "seeks to create and maintain a more democratic world and tries to avoid centralization as the preferred solution to our problems."

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 philosophy and be sure to increase risk awareness.