MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.

According to on-chain analyst Yu Jin's monitoring, decentralized stablecoin platform Reserve has purchased 6.45 million CRV (worth $2.03 million) through market maker GSR Markets in the past six days. In addition, Reserve was also one of the buyers of Curve founder's OTC sale last August: it spent $1 million to buy 2.5 million CRVs from the founder at a price of $0.4 per CRV. Currently, Reserve holds a total of 19.41 million CRVs ($6.38 million).

According to Yu Jin's monitoring, Ethereum (ETH) has recently shown an inflation trend. Data shows that in the past 4 and a half months, the total amount of ETH has increased by 228,000, worth about 602 million US dollars, with a daily increase of 1,652. Since early April, due to the decrease in on-chain activity, ETH Gas fees have been maintained below 2 Gwei for a long time, resulting in token output exceeding destruction. The total amount of ETH has risen from 120,063,605 to 120,291,622. If this trend continues, the expected annual inflation will reach 600,000, calculated at about 1.59 billion US dollars at current prices, and the inflation rate will be 0.5%. However, compared with other assets, a 0.5% inflation rate is still relatively low.

Binance will launch the ALPACA-USDT perpetual contract with a maximum leverage of 75x at 18:30 (UTC+8) on August 22, 2024.

According to market data, POPCAT has broken through $0.56 and is currently trading at $0.5191, with a 24-hour increase of 19.3%. The market is volatile, so please be prepared for risk control.

Binance will launch perpetual contracts for POPCATUSDT and SUNUSDT with a maximum leverage of 75x, scheduled to go live at 21:00 (UTC+8) and 21:05 (UTC+8), respectively, on August 22nd, 2024.

QCP Capital, a Singapore-based cryptocurrency investment firm, published a statement overnight indicating that the downward revision of US non-farm payroll employment figures highlighted weakness in the labor market, causing concerns about the possibility of the Fed delaying rate cuts and triggering a sell-off. However, the minutes from the July Federal Open Market Committee (FOMC) meeting showed that some policymakers are willing to cut interest rates, which released a more dovish stance aimed at balancing inflation and employment goals, thus alleviating these concerns. This dovish tone boosted risk assets and pushed the price of Bitcoin above $61,800, with strong buying on Coinbase continuing until 4am Singapore time. The aggressive buying on Coinbase (indicating US domestic demand) is a good signal for short-term trends. Now, the market's focus is on Fed Chairman Powell's speech tomorrow in Jackson Hole, hoping to get more signals about rate cuts. Given the market's widespread bet on rate cuts, unexpected economic data may have a significant impact on the market.

The address that spent $265,000 to chase the high point of $NEIRO on August 15th, as monitored by @ai_9684xtpa, has left four hours ago. They sold all the accumulated 4.6 billion tokens bought with an average price of $0.00002721 seven days ago and 12 hours ago (entry price $0.00005991), resulting in a loss of 58.53 ETH, worth about $150,000 in total.

According to SolanaFloor on the X platform, Parcl announced that trading has resumed and the domain has been secured after suffering a DNS attack. Previously, Web3 security company Pocket Universe posted on X, stating that it had detected a hacker attack on the front-end of the Parcl official website. The attacker would extract tokens from the user's Solana wallet and display false transaction results on Phantom.

Bitcoin is showing signs of weakness, according to cryptocurrency analyst Nicholas Merten. The digital asset is struggling to overcome resistance levels and has fallen below the 200-day moving average, indicating a bearish phase. Merten believes that unless Bitcoin can surpass its prior highs and establish a new base, it may not be a new bull market. At the time of writing, Bitcoin is trading at $59,381.

BEBE ecosystem's GameFi key initiative, the BEBOX gaming platform, officially launched on August 10. As a significant player in the blockchain industry, BEBE FOUNDATION showcased its strong technological and market advantages at the 2024 Asia Blockchain Summit (ABS 2024), engaging in deep discussions with global blockchain experts, investors, and industry leaders about the future applications of blockchain technology in the gaming sector. On August 16, BEBE was officially listed on HTX, followed by a token launch event on Gate.io on August 17, with trading commencing on August 19. These strategic moves have not only significantly increased BEBE's market visibility but also provided users with more convenient trading options.