Compound: Proposal 187 Passed and Plans to Sell ZRX and BAT in Compound V2 Reserves to Reduce On-Chain Slippage
Compound has announced that Proposal 187, the "Aera Pilot Proposal," has been approved by the community. This proposal will adjust the reserve funds of the Compound V2 protocol, which currently includes ZRX and BAT. It is reported that this proposal will use on-chain platforms to sell ZRX and BAT reserves and will continue to retain the profits in the volatility target investment portfolio, thereby minimizing on-chain slippage.
About 30 Minutes Ago, an Early LINK Supporter Address Bought 55,331 LINK
According to Spot On Chain monitoring data, the price of LINK has risen by about 20% in the past 24 hours, as reported by Golden Finance. The smart LINK trader with the address starting with 0xaa9 remains bullish and exchanged 612,000 USDC for 55,331 LINK at a price of $11.61 about 30 minutes ago. It is worth noting that he is an early supporter of LINK, having completed multiple LINK trading cycles since 2018 and earning $987,000.
10 Decentralized Finance Protocols Rule Over 52% of WBTC Circulation
As of October 22, 2023, there are 79,839 individual wallets holding WBTC. The circulating supply of WBTC tokens is 163,006, and the project's valuation is 4.88 billion USD. Since December 17, 2022, the circulating supply of WBTC has decreased by 12.31%, from 185,909 WBTC to the current 163,006 WBTC.
In terms of market capitalization, WBTC ranks 16th.
As of October 12, 2023, the number of DeFi users alone has more than doubled the number of NFT and Layer 2 expansion users.
According to a recent report by Nansen, the number of daily active addresses on Ethereum has significantly increased, surpassing 300,000. Among these active addresses, DeFi entities continue to dominate. As of October 12, 2023, the number of DeFi users alone is more than twice that of NFT and Layer2 scaling users, solidifying the industry's core position in on-chain activities. NFT users once surpassed DeFi users in 2022, but then sharply declined from early 2023. In fact, the daily number of users in this field has plummeted by more than 50% since the beginning of the year. This is in stark contrast to Layer1/scaling users, whose numbers increased significantly in March, coinciding with the public mainnet release of zkSync and the airdrop of Arbitrum, and then fell back to previous levels in May. <br>
The DeFi Education Fund submitted an amicus brief to the U.S. Supreme Court, urging the court to consider the privacy of personal encrypted information
According to the DeFi Education Fund (DEF), the US Supreme Court has the opportunity for the first time to consider the Fourth Amendment rights of cryptocurrency users in the investigation by the US Internal Revenue Service (IRS). The DEF has submitted a friend-of-the-court brief urging the court to consider the uniqueness of encryption technology when evaluating privacy rights.
The case involves the IRS's investigation of James Harper, which requires cryptocurrency exchange Kraken to provide transaction records for over 14,000 people, including Harper, for tax enforcement purposes. Kraken argues that it is trying to resist this order, claiming that it is an abuse of power and could potentially leak users' personal data, such as IP addresses, net worth, employment data, and sources of wealth.
The DeFi Education Fund argues that the court must consider the differences between encryption technology and traditional financial institutions. They point out that blockchain data provides the government with unprecedented insight into individuals' financial lives, which could violate the Fourth Amendment rights of American citizens.
The case will affect the future development of Fourth Amendment protection and digital privacy, as well as the delicate balance between law enforcement and individual financial privacy in the digital age. The Supreme Court is about to hear this case, and the cryptocurrency industry and privacy advocates are closely watching its decision, which is expected to set a precedent for protecting digital assets and personal information in the constantly evolving technological environment.
DeFi Education Fund files amicus brief on financial privacy issues in IRS case
DeFi Education Fund (DEF) has submitted a friend of the court brief urging the US Supreme Court to consider the uniqueness of encryption technology when evaluating privacy rights. This case marks the first opportunity for the US Supreme Court to weigh the Fourth Amendment rights of cryptocurrency users in the context of an IRS investigation. The case, titled "United States v. James Harper," revolves around the government's order for cryptocurrency exchange Kraken to provide data related to cryptocurrency transactions, including those of Harper and over 14,000 others, for tax enforcement purposes.
Atlantis Loans Hackers Have Exchanged Related Assets for Approximately 100,000 Stablecoins
PeckShield monitoring shows that the Atlantis Loans hacker has exchanged 10 ETH, 9100 Cake, 355 ADA, and 492.5 DOT for approximately 100,000 stablecoins, and transferred them to 0xe047...fB01.
Starknet Ecological DeFi Protocol zkLend Officially Launched on the Mainnet
October 20th, the Starknet ecosystem DeFi protocol zkLend officially launched on the mainnet, with new features including inputting multiple calls, supporting more assets (including wstETH), and improving contract security. The contract has been audited by Nethermind Security.
As previously reported, zkLend completed a $5 million seed round of financing, led by Delphi Digital, with participation from Alameda Research, Three Arrows Capital, Starkware, MetaCartel DAO, Amber Group, and Genesis Block Ventures.
Sentiment Will Launch Leveraged Lending Protocol Sentiment V2 Next Year
On October 20th, DeFi lending protocol Sentiment announced the launch of Sentiment V2, a leverage lending protocol specifically designed for complex on-chain investment portfolio positions, such as LP tokens from another DeFi protocol. Sentiment V2's core features include adaptive risk management (pools can be managed by third parties), the ability to quickly and easily create new pools with different collateral types, and isolated pools.
In the Past Three Months, Sui Network’s TVL Increased by 341%
DeFi activity on the Sui network has seen amazing growth in the past three months, with a 341% increase in total locked value (TVL) and a 229% increase in trading volume. From July 17th to October 17th of this year, TVL increased from $13.08 million to $57.69 million, a 341% increase. The growth in DeFi activity was even stronger, with daily activity in DeFi reaching $1.77 million and $5.84 million on July 16th and October 16th respectively. These numbers indicate a 229% increase in trading volume.
