Polygon's NFT Trade Metrics Plummet, but Positive Signs Emerge with Polygon 2.0 and zkEVM Gaining Traction
The NFT trade count and volume on Polygon's MATIC ecosystem experienced a significant decline in the past month, indicating reduced usage. However, the recent popularity of Polygon 2.0, zkEVM, and NFTs could change the scenario. Despite the decline, there is still potential for the blockchain's NFT ecosystem to flourish, especially with the upcoming launch of One Planet NFT marketplace on Polygon 2.0. While MATIC's price has been under pressure, some metrics suggest a trend reversal, such as the declining exchange reserve and oversold stochastic.
US Congressman Patrick McHenry Advocates for Bitcoin and Blockchain as the Foundation for the Next Internet Technology Revolution
US Congressman Patrick McHenry believes that the next internet technology revolution will be based on Bitcoin and blockchain. He advocates for cryptocurrencies, particularly Bitcoin, as a game-changer that could redefine the financial landscape. McHenry warns that without sound regulation and continuous innovation, the US risks falling behind in the dynamic and rapidly advancing crypto economy. The quest for lucid regulation of the crypto industry in the US remains underway, with McHenry emerging as one of the prominent voices championing this cause. While Bitcoin occupies the highest echelon of the digital asset market, other cryptocurrencies continue to encounter regulatory hurdles and have yet to fully secure the regulators’ nod.
Technical Service Provider Application Instruction Manual
FilFi is a DeFi protocol that promotes the liquidity of Filecoin assets, providing basic services such as joint nodes, liquidity staking, and computing power transactions. Filecoin ecosystem are welcome to join FilFi.
Optimism Surpasses Arbitrum in Daily Transactions Thanks to Worldcoin Launch
According to Dune Analytics, Optimism, a layer-2 blockchain, has surpassed its rival Arbitrum in daily transactions for the first time in six months. On July 25, Optimism recorded a total of 844,290 transactions, while Arbitrum recorded 630,534. The rise in Optimism's transactions can be attributed to the release of Worldcoin (WLD), a crypto AI company founded by Sam Altman, which is based on the Optimism blockchain. Despite facilitating more on-chain transactions, Optimism's daily active wallets metric falls short of Arbitrum, with 51,062 compared to 63,893 for Arbitrum.
People Familiar With the Matter: Ant Group Will Reorganize and Divest Some Non-Core Financial Businesses Such As Blockchain To Pave the Way for Re-Listing in Hong Kong
According to a report by Fenghuang.com on July 26, people familiar with the matter revealed that Ant Group will apply for a financial holding license in China and is considering spinning off its blockchain, database management services and international business from the main entity responsible for applying for the license. At present, Ant Group has communicated the plan to some shareholders. Once the reorganization is completed and a financial holding license is obtained, Ant Group can prepare to launch an IPO in Hong Kong, but it will not seek dual listings in Hong Kong and Shanghai as before. The restructuring plan has yet to be finalized and could change, the people said.
Dogecoin Jumps 10% Amid Speculation of Integration into Elon Musk's X Payments System; Price Predictions Become Bullish
Dogecoin (DOGE) has seen a 10% surge in value, with weekly gains reaching almost 15%. This is due to speculation that the cryptocurrency may be integrated into a future X crypto-based payments solution, following Elon Musk's support and advocacy of the token. Technical developments suggest that Dogecoin's bear market may be coming to an end, with a potential retest of 2023's highs in the $0.16 area, marking gains of nearly 100% from current levels. Additionally, a new token called BTC20, which runs on an eco-friendly, low energy consuming Proof-of-Stake Ethereum blockchain, is gaining hype as an alternative to Bitcoin.
Daisie and NEAR Foundation Partner to Equip Digital Artists for the Web3 Revolution
Daisie has formed a strategic partnership with NEAR Foundation to support creators in the rapidly evolving world of web3, where technologies such as blockchain and AGI are transforming the intersection of art and technology. Daisie recognizes the importance of equipping digital artists with the necessary resources and knowledge, and collaborating with NEAR Foundation provides access to a community of distinguished creators.
Avalanche Foundation Allocates $50 Million to Purchase Tokenized Assets on its Blockchain
The Avalanche Foundation plans to use up to $50 million to purchase tokenized assets created on its layer-1 blockchain through its initiative, Avalanche Vista. The goal of the initiative is to showcase the value of tokenization in various sectors, including equity, credit, real estate, and commodities. Tokenization is the process of creating a digital representation of a real-world asset on a blockchain, which provides operational efficiency, accessibility to new users, and improved liquidity. The company believes that tokenization is one of the most impactful innovations of the next decade and is committed to tokenizing the world's assets.
FilFi SP Alliance Invitation
“Collaboratively building the new era Filecoin Phase 2 with 100% smart contract-managed nodes.”
US Congressional Watchdog Agency Calls for More Regulation in Blockchain Finance
The United States Government Accountability Office (GAO) has released a 77-page report on the regulatory framework for blockchain in finance, which was requested by two members of the House of Representatives Financial Services Committee.
