GMX Trader Earns Over $1 Million by Shorting and Longing Ethereum During Market Crash: On-Chain Data
According to blockchain tracker Lookonchain, a trader on the decentralized exchange GMX earned over $1 million by correctly predicting Ethereum's price movements over the past few weeks. The trader shorted ETH on July 14th when it was trading near $2,000 and closed the position after the market crash last Thursday.
Aptos Launches New Digital Asset Standard DA
Aptos announced the launch of a new Aptos Digital Asset (DA) standard to address the limitations of ERC-721, SPL, TokenV1 and other standards.
Aptos stated that DA focuses specifically on NFTs in the Aptos blockchain, providing flexibility and programmability using the Move object model. DA introduces enhanced features to enable seamless airdrops, token soul binding, enhanced performance, and more efficient on-chain data management.
Shibarium Ready to Reopen to the Public
Shytoshi Kusama, the lead developer of Shiba Inu, has announced that Shibarium is almost ready to reopen to the public after going into fail-safe mode for testing and tweaking parameters due to massive traffic on the blockchain. The Shibarium team is scaling the chain by 1500% to prevent any block production or other issues.
Blockchain Game Publisher Xterio to Launch NFT Marketplace
Blockchain game publisher Xterio announced that it will launch an NFT marketplace in the coming weeks and provide innovative coin casting, holding, and trading rewards. Earlier news stated that Binance Labs promised to invest $15 million in Xterio to develop its game development capabilities in AI and Web3.
CEO of HKVAX: The Web3.0 industry in Singapore and Dubai is returning to Hong Kong
Web3.0 industry professionals who had previously relocated to Singapore and Dubai are returning to Hong Kong. The Hong Kong government has shown support for the development of Hong Kong as a global hub for virtual assets, helping the industry to solve problems. While the Web3.0 ecosystem in Hong Kong continues to grow, the government also supports the increase in demand for blockchain-related transactions, which even drives up hotel prices.
Nubank Advances in Integration with Brazilian Digital Currency and Financial Restructuring
Nubank, a major player in the global digital financial services industry, has taken a significant step towards integrating with Drex, the Brazilian digital currency previously known as Real Digital. The integration aligns Nubank's infrastructure with the Drex blockchain network, which operates on Hyperledger Besu technology, endorsed by the Brazilian Central Bank.
Jurat Founder Defends On-Chain Legal Enforcement As Necessary for Crypto Mass Adoption
The founder of Jurat, a layer-1 blockchain, has defended the use of on-chain legal enforcement as a necessary trade-off for mainstream adoption of cryptocurrencies. Recently, a US District Court used Jurat's on-chain enforcement tool to lock several individuals out of their crypto accounts for money laundering and ransomware activities.
Shibarium: Complete Internal Blockchain Restart Testing, Expand Operations and Server Scale
On August 19th, Shibarium released its second day progress report, completing internal blockchain restart testing and expanding in various ways. The team plans to release after further testing. The Shibarium team stated that they have been in consultation with the Alchemy team to expand their operations and are expanding server capacity. They have also collaborated with several blockchain experts to create additional protocols to support and manage traffic.
Oasys GameWave Genesis Hackathon Officially Opens the Registration Channel at DoraHacks.io
The registration for the GameWave Genesis Hackathon is now open on the global geek sports platform DoraHacks.io. The hackathon is hosted by Oasys Games, Japan's largest game blockchain, aimed at inspiring developers to innovate games, tools, and applications based on Oasys Chain, and accelerating the development of the Web3 gaming industry.
Cardano launches CIP-1694 test network SanchoNet
On August 18th, Cardano blockchain founder Charles Hoskison announced that the CIP-1694 testnet, SanchoNet, has officially launched. SanchoNet aims to introduce the governance function of CIP-1694 to the Cardano community in a controlled testnet environment.
