CertiK publishes views on cryptocurrency regulation, expects Hong Kong government to pay attention to security issues
In a recent roundtable discussion on cryptography at the University of Hong Kong, CertiK's Chief Operating Officer, Caoyaxin, shared his views on global digital asset regulation trends. He pointed out that although the United States maintains a leading position in technological innovation, it is clearly lagging behind in regulatory frameworks.
Caoyaxin also mentioned frequent security issues in the industry, such as project attacks and fund theft. He believes that government and regulatory agencies setting industry standards will play an important role in transparency and confidence for the entire community. He emphasized that only with confidence will more people enter this industry.
Finally, Caoyaxin also raised some practical issues, such as what information should be exchanged when funds flow to an exchange, and when funds should be frozen. He believes that this is not just a technical issue, but more of a regulatory issue, and hopes that the Hong Kong government and other national governments can take the time to study deeply and bring greater confidence to the industry.
Bitwise：Uniswap Spot Trading Volume Exceeds Coinbase for Two Consecutive Quarters
According to research by Ryan Rasmussen, a researcher at Bitwise, a cryptocurrency asset management company, Uniswap processed approximately $110 billion worth of spot transactions in the second quarter, while Coinbase processed about $90 billion in transactions. In the previous quarter, Uniswap's spot trading volume also exceeded that of Coinbase.
Solana Sees Price Uptick Due to Adoption Developments While XRP Bounces Back Amidst SEC Trial Delay
Solana's smart contracts token has bounced back and is trading at $21.74 with a trading volume of $412 million, possibly due to Solana Pay's adoption developments. The overall crypto market is trending upwards, with Bitcoin reclaiming $26,000. Solana is expected to make a significant recovery, with bulls aiming to push the price towards the psychological resistance of $30 to $32.
CRV liquidation price may be around $0.29 instead of $0.37
Earlier today, the price of Curve token (CRV) hit a historical low of $0.45. The recent decline of the token has dangerously approached the $0.37 mark, which would trigger the liquidation of multiple CRV support loans held by Curve Finance founder Michael Egorov.
Binance.US Has Adopted USDT As the New Trading Base Asset
According to an official announcement, Binance.US has adopted the stablecoin USDT, which is pegged to the US dollar, as the new trading base asset instead of the US dollar. Through partnerships with third-party payment providers such as MoonPay, Binance.US has launched the "Buy and Sell Cryptocurrency with USDT" feature on its mobile app and will later offer this feature on its website.
Crypto.com Adds PYUSD Trading Pair
Crypto.com has added PYUSD trading pairs to its cryptocurrency trading platform TechFlow. Users can now trade PYUSD with USDC and USDT on the app.PYUSD is one of Crypto.com's stablecoins, with a value pegged to the US dollar at a 1:1 ratio.
Encryption Fund MT Capital Received $10 Million Investment From BM Fund, a Canadian Family Office
BM Fund, a well-known family office in Canada, announced a $10 million investment in MT Capital.
Momentum Capital (MT Capital for short) is a native cryptocurrency fund headquartered in the San Francisco Bay Area. It was initiated by multiple senior investors who entered the cryptocurrency industry early, and the main team members have invested in many well-known projects.
Carmen, the founder of BM Fund, said: "MT Capital's partner Eason has achieved significant returns for us in many previous collaborations. His professional investment vision is an important reason why we decided to invest in Momentum Capital during the bear market."
CoinGecko Adds friend.tech-related Section
Cryptocurrency data analysis website CoinGecko has added a section for friend.tech-related tokens, tracking token prices, changes in price, 24-hour trading volume, market capitalization, and other data.
Cream Finance attackers exchanged 1 million DAI for 596.34 ETH and transferred it to the exchange
According to PeckShield monitoring, the attacker of Cream Finance exchanged 1 million DAI for 596.34 ETH and transferred it to an exchange. The address currently holds $7.58 million worth of cryptocurrency, including 4,163.8 ETH and 604,200 DAI.
South Korea’s Supreme Prosecutor’s Office Has Allocated 986 Million Won This Year To Investigate Cryptocurrency-Related Crimes
On August 21st, the Supreme Prosecutors' Office in South Korea has allocated over 986 million Korean won to investigate cryptocurrency-related crimes. Among them, 778 million Korean won will be used to purchase software licenses for virtual asset tracking and analysis equipment, and 208 million Korean won will be used for the Integrated Strategic Plan (ISP) to establish a platform for analyzing and tracking illegal transactions of virtual assets.
