Selected News:

1. ParaSpace: The protocol will be migrated from ParaSpace to the ParaX platform effective immediately.

2. Pendle Finance has integrated Chainlink price feeds to ensure liquidity pool conversions for collateralized assets.

3. Exactly Protocol attack caused over $7.6 million in losses and will relaunch its protocol and peripheral contracts in September.

4. Velodrome fork protocol Aerodrome TVL breakthrough $200 million.

5. Over 43 million sDAI have been deposited on Aave, accounting for 5.7% of the total supply.

Project Updates

Gitcoin Passport has launched Onchain Stamps to help projects fight against witch attacks.

According to official sources, Gitcoin Passport has announced the launch of Onchain Stamps, which aims to seamlessly integrate with the Ethereum ecosystem. Onchain Stamps is built on the Ethereum Proof-of-Service (EAS). Onchain Stamps will be available on the OP mainnet and plans to expand Gitcoin Passport to other EVM-compatible chains. Through interoperable proofs, projects can choose relevant proofs to resist witch attacks and authorization, thereby advancing the vision of a more interconnected and secure digital identity landscape.

Chain game publisher Xterio has confirmed that it will issue the XTER token.

The chain game publisher Xterio announced on its social platform that the protocol token XTER will provide power for the Xterio game ecosystem, and traders, holders, and players within the ecosystem will benefit from its utility programs and built-in systems. As previously reported by BlockBeats, on August 22, the chain game publisher Xterio announced that it will launch an NFT market in a few weeks and provide novel rewards for minting, holding, and trading. On July 13, Binance Labs invested $15 million in the blockchain game publisher Xterio, and the new funds will be used to further promote game and technology development, including AI integration and token issuance. As part of a long-term strategic partnership, Binance Labs will support the development of Xterio, and the Xterio token will be released based on the BNB Chain ecosystem.

Foreign media: Thailand may promote blockchain-based digital wallets and airdrop tokens worth $285 to its citizens

According to a report cited by Thai PBS World, a news website under the Thai Public Broadcasting Service, the ruling party in Thailand will consult with the country's central bank to develop a blockchain-based digital wallet. The infrastructure is said to take at least six months to launch and will charge each user 100 Thai baht for the KYC process. In addition, the plan also needs approval from the country's Securities and Exchange Commission. The plan will airdrop "Utility Tokens" worth 10,000 Thai baht (approximately $285) to every Thai citizen aged 16 and above. However, the airdrop does not equate to legal Thai currency. Users can only use the digital tokens within a four-kilometer radius of their residence. The tokens are valid for only six months and cannot be converted into cash or used to pay off debts.

Chinese People's Court Newspaper Article: Virtual Currency is Legal Property and Protected by Law

The newspaper article "Recognition of the Property Nature of Virtual Currency and the Disposal of Involved Property" published by the People's Court of China analyzes the criminal law attributes of virtual currency. It states that virtual currency has economic attributes and can be attributed to property. Current legal policies have not classified virtual currency as illegal goods. Therefore, under the current legal policy framework, virtual currency held by relevant entities in China is still legal property and is protected by law. The article suggests that involved property should be handled from a basic standpoint of legality. The author believes that for criminal acts involving virtual currency, the involved property should not be uniformly confiscated or returned. Instead, they should be treated differently based on the unified basis of criminal and civil law order, achieving a balance between personal property rights and social public interests.

ParaSpace: The protocol is now migrating from ParaSpace to the ParaX platform

NFT lending protocol ParaSpace posted on its social media platform that ParaX has enhanced the Web3 experience through account abstraction, meta user interface, batch transactions, and other features. ParaSpace will migrate to ParaX and assist top TVL accounts in migrating to the new platform. BlockBeats reported yesterday that NFT lending protocol ParaSpace is merging with Polkadot DeFi protocol Parallel Finance and rebranding as ParaX.

Exactly Protocol attack caused over $7.6 million in losses and will relaunch protocol and peripheral contracts in September.

DeFi lending protocol Exactly Protocol has released a post-hack analysis report. The protocol suffered an attack on August 18th, resulting in a loss of over $7.6 million. The root cause of the attack was a vulnerability in the DebtManager peripheral contract.

LSD stablecoin protocol Prisma Finance goes live on Ethereum mainnet

According to official sources, the LSD stablecoin protocol Prisma Finance has officially launched on the Ethereum mainnet. Initially, Prisma supports wstETH, cbETH, rETH, and sfrxETH as collateral. The total amount of mkUSD that can be minted with wstETH, rETH, and sfrxETH collateral is 6 million US dollars, while the total amount of mkUSD that can be minted with cbETH collateral is 2 million US dollars. Prisma has set the initial interest rate to 0% to encourage early participants.

Pendle Finance has integrated Chainlink price feeds to ensure liquidity pool conversions for staked assets

According to official sources, DeFi yield protocol Pendle Finance has announced the integration of Chainlink price oracle on the Arbitrum and Optimism mainnets, providing accurate price data for ETH-based liquidity pool assets such as rETH and stETH, ensuring precise exchange within the pool.

Data

A certain whale holds 12.7 million ARB at an average price of about $1.18, with a potential loss of $3.35 million.

According to @EmberCN's monitoring, a whale with an address starting with 0x6950 withdrew 2.11 million ARB (approximately $1.93 million) from Binance during this morning's market downturn. The whale had previously withdrawn 9 million ARB from Binance in July of this year and currently holds a total of 12.7 million ARB (approximately $11.7 million) with an estimated average cost of 1.18. The current unrealized loss may have reached $3.35 million (-22%).

A whale who lost $5.1 million due to longing ETH added margin to its position and is currently floating a loss of $1.1 million.

According to Lookonchain's monitoring, the ETH long position of a certain whale was liquidated in the recent two market crashes, resulting in a loss of approximately $5.1 million. The whale went long on ETH at a price of $1717 after the recent Grayscale victory, and the current long position is at a loss of $1.1 million, with additional margin added. The current liquidation price for BTC is $25,084 and for ETH is $1,571.

Data: In the past 24 hours, DWF Labs has transferred 170,000 CYBER tokens to Bithumb

According to Arkham's data, in the past 24 hours, DWF Labs has transferred 170,000 CYBER tokens (worth approximately $1.46 million) to Bithumb's address.

This morning, a whale sold 12,000 ETH and sold another 6,000 ETH, with a total loss of $2.74 million.

According to on-chain analyst Yu Jin's monitoring, the whale who sold 12,000 ETH this morning sold another 6,000 ETH (approximately $9.82 million) an hour ago. The whale has sold a total of 18,000 ETH (approximately $29.6 million) today at an average price of $1644, resulting in a loss of $2.74 million. The whale currently holds 4,000 ETH. As previously reported by BlockBeats, the whale 0x8288, who bought 10,000 ETH (approximately $17.14 million) at an average price of $1714 on August 29, stopped loss when the market fell early this morning and sold 12,000 ETH at an average price of $1648 (approximately $19.77 million), resulting in a loss of $790,000.

Aave has deposited over 43 million sDAI, accounting for 5.7% of the total supply

According to 21.co analyst Tom Wan's monitoring, over 43 million sDAI have been deposited on Aave, accounting for 5.7% of the total supply. Meanwhile, since AAVE launched the sDAI pool, the supply of sDAI has also increased by 5.9%.

Data: Velodrome fork protocol Aerodrome TVL breaks 200 million US dollars

According to Defillama data, the Velodrome fork protocol Aerodrome TVL has surpassed $200 million, making it the project with the highest TVL on the current Base chain.

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