The Block's report on Sun Yuchen's withdrawal of BTC collateral from USDD, Sun Yuchen responded on Platform X: "USDD is a decentralized stablecoin protocol that has nothing to do with anyone's name, just like Satoshi Nakamoto created Bitcoin, but Bitcoin does not belong to Satoshi Nakamoto." Earlier, Tron DAO Reserve withdrew about $750 million worth of Bitcoin on Wednesday, which was previously used to support the USDD stablecoin. Tron founder Justin Sun said users don't need to worry and explained that this move was to improve capital efficiency, as the previous long-term collateralization rate for USDD exceeded 300%.

March, El Salvador has purchased 162 bitcoins and currently holds 5,851 BTC.

According to an official announcement on August 23rd, Gate.io, as one of the official sponsors, once again focused global attention at the Coinfest Asia 2024 event. Mai Ngo, Gate.io's Southeast Asia representative, participated in the first panel discussion. She pointed out that Web3 is not only a technological advancement, but also a revolutionary change in the way brands interact with customers. She emphasized that the decentralized nature of Web3 provides brands with new interactive channels, allowing customers to participate and influence the direction of brand development. Mai Ngo also called on the industry to ensure the true decentralization of Web3, avoiding domination by big brands, and looked forward to the potential of AI technology in Web3, believing that AI will further enhance the interaction experience between brands and customers. She emphasized that brands need to use AI with caution to ensure that the technology application does not undermine the decentralization advocated by Web3.

Sony Group has partnered with Web3 infrastructure provider Startale to develop Soneium, an Ethereum layer-2 blockchain that prioritizes scalability, security, and decentralization while remaining user-friendly. The network will initially operate on a testnet in collaboration with Astar Network and is expected to be based on the Superchain ecosystem platform utilizing Optimism's OP Stack technology. Sony plans to use its parent company's distribution channels and existing user base to make Web3 technology more accessible to everyday consumers. Soneium will release technical documentation and tools for developers in the coming weeks, offering a testnet that aims to support high-volume applications and drive blockchain technology adoption.

AscendEX (formerly BitMax) will launch EUROVEGAS COIN (EVC) on August 23 at 21:00, opening the EVC/USDT trading pair and recharge is now available. The Meme Research Institute team under AscendEX (formerly BitMax) platform selects high-quality memes based on on-chain data and project background for online launch, with a high initial launch rate of 80% for Memecoin on the platform.

DappOS announced yesterday that it has integrated with Layer 1 blockchain Monad. Monad stands out in the blockchain field with an amazing throughput of 10,000 transactions per second.This integration will enhance the ability of dappOS to execute network intentions and launch new user experience products. At the same time, this integration will also promote the migration of applications and transactions to Monad, attracting more Web3 users to join the Monad ecosystem.

Langxin Group and Ant Financial recently completed the first domestic RWA (Real Asset Tokenization) based on new energy physical assets in Hong Kong, with an amount of about RMB 100 million.The project combines artificial intelligence, blockchain, and AIoT technology, and the funds will be used in the energy storage and charging pile industry in the new energy field, supporting thousands of small and medium-sized operators.As the platform operator, Langxin's subsidiary, New Electric Road, will anchor some charging piles as RWA assets and issue digital assets on the blockchain.AntChain provides technical support to ensure the security and transparency of asset data.

Trader Eugene Ng Ah Sio stated in a post on X platform that during this bull market cycle, ETH's performance has been inferior to SOL and BTC. Pessimists believe that ETH's lack of a user-friendly architecture and selling points are key reasons. Although this is largely correct, the market does not always move in one direction. He believes that the most important factor is still the current position of the ETH market.

ECB committee member Kazaks said that there is currently no reason not to continue with the plan to lower interest rates twice this year as previously forecasted, as the inflation trend in the euro area is consistent with expectations of further gradual rate cuts.

Floki officially apologized to the community on the X platform for the "car crash" incident during the Simon's Cat presale. It is reported that Floki stated that it had caught evidence of some attackers trying to take advantage of Launchpad's violation of the rules. To solve the problem, Floki revoked the purchase shares (totaling $223,815.20) of these bad actors during the initial presale period and then created a second presale specifically for TokenFi Champion-level users who were negatively affected by their behavior. However, the attackers became more aggressive and tried to buy the second presale with robots. Therefore, the official believes that canceling the presale completely is the fundamental solution.

Sony Block Solutions Labs, a joint project between Sony Group and Singapore's Startale Labs, announced on Friday that it will launch a new 2-layer network called Soneium on the Ethereum blockchain. Soneium is expected to go live on the test network in the coming days and will utilize Optimism Rollup technology, which allows users to transact on the Ethereum network at lower costs. It will be built using the OP Stack of the Optimism blockchain ecosystem, a customizable toolkit that allows developers to create their own networks using Optimism's technology and connect to other networks in the ecosystem through "superchains".

OKLink data shows that 300,000 ETH was transferred from addresses starting with 0x701c and 0xfd89 to Coinbase deposit address 27 minutes ago, worth $791,082,004.

Lookonchain monitoring shows that after Binance announced the launch of POPCAT perpetual contracts, a whale withdrew 39,816 SOL ($5.73 million) from Binance to purchase 10 million POPCAT tokens.

According to on-chain analyst Yu Jin, decentralized stablecoin platform Reserve purchased 6.45 million CRV worth $2.03 million through market maker GSR Markets in the past 6 days. Reserve transferred $2.03 million USDC to GSR Markets' 0x0cD...a13 address and received 6,450,704 CRV at a buying cost of $0.314 per token. In addition, Reserve was also one of the buyers when Curve founder sold coins OTC in August last year. Reserve spent $1 million to buy 2.5 million CRV at a price of $0.4 per token from the Curve founder. Currently, Reserve holds a total of 19.41 million CRV ($6.38 million).

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."

Whale Alert monitoring shows that a Polygon Staking address transferred about 70 million MATIC tokens worth approximately $36,403,662 around 22:33 today.

Bitcoin L2 project Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital, and Bitcoin angel investor Stephen Cole.

Babylon announced on the X platform that the upper limit of the first stage of 1000 BTC pledges has been reached. According to Babylon's pledge platform data, the confirmed pledge TVL is currently 1000.04549438 BTC, and the number of users participating in the pledge is about 12,700.

According to Turkish media reports, Andreas Szakacs, a co-founder of OmegaPro, which is believed to be involved in a cryptocurrency scam, was arrested in Turkey in July. The reports stated that Turkish authorities confiscated cold wallets and computers and traced $160 million worth of cryptocurrency transactions. Andreas Szakacs was arrested for his alleged involvement in a cryptocurrency Ponzi scheme that defrauded investors of $4 billion, according to Turkish media reports on Thursday.