ETH Weekly | Credit Suisse launched the NFT series based on Ethereum; the 1inch team sold 11,000 ETH to exchange for the interest-bearing token CHAI (7.3-7.9)
1. Overall overview
Credit Suisse has teamed up with the Swiss Football Association to launch an Ethereum-based NFT collection in support of Swiss women's football. According to the Credit Suisse website, the NFT collection, which includes 756 digital art portraits of players from the Swiss women's national team, will be available exclusively through Credit Suisse's CSX app from July 11 to August 31. Xin entered the NFT field.
According to DeBank data, the beginning of 0x225d is marked as 1inch: The address of Investment Fund removed two Uniswap V3 LPs, received about 11,000 ETH, and then converted ETH to WETH and converted it to DAI in several transactions. All DAI is exchanged for CHAI, an interest-bearing token previously launched by MakerDAO, and currently holds about 26.78 million CHAI.
In terms of the secondary market, the current ETH price may continue to consolidate in the short term, with a support level of $1,850 and a resistance level of $1,900.
Secondary market
1. Spot market
According to OKX market data, the price of ETH fell to $1,825 last week and closed at $1,866 during the week, down 2.7% from the previous month
ETH daily chart via OKX
The daily chart shows that the price is currently consolidating around $1,860, the lower support level is $1,850, and if it falls below, it may fall further to $1,800; the upper resistance level is $1,900.
2. Network operation status
Etherscan data shows that in the past week, the number of blocks produced on the Ethereum network was 49,822, which was basically consistent with the previous week; the number of active addresses per week was 2,465,282, a decrease of 13.55% from the previous week; the block reward income was 4,470 ETH, an increase of 1% from the previous week; The weekly ETH burning volume reached 21,779, a month-on-month increase of 42.7%.
3. Large change
OKlink data shows that last week, the number of large-value transactions on the chain reached 1144, a 33.2% decrease from the previous week (1713), and the trading enthusiasm of giant whales has dropped significantly.
4. Rich list address
OKLink data shows that from the perspective of the distribution of ETH holding addresses, exchanges accounted for 9.31%, an increase of 0.19% from the previous month; DeFi projects accounted for 27.8%, an increase of 0.14% from the previous month; projects) accounted for 30.5%, down 0.26% month-on-month; other addresses accounted for 32.39%, down 0.13% month-on-month.
token.unlocks shows that the total amount of ETH pledged on the entire ETH network is currently 21.01 million ETH, and the pledge rate is 17.14%. 3.61 million tokens were taken out, compared to 3.55 million tokens last week; the total net pledge amount increased by 4.45 million tokens, compared to 4.25 million tokens last week, an increase of 200,000 tokens in the previous week.
5. Lock data
According to DeFiLlama data, the value of locked collateral on the chain dropped from US$26.98 billion to US$26.01 billion last week, a month-on-month decrease of 3.5%. From the perspective of individual projects, the top three lock-up values are: Lido $14.29 billion; MakerDAO $5.63 billion; Aave $5.04 billion.
3. Ecology and technology
1. Technological progress
165th ACDE meeting: EIP-6466 and 6406 code changes will affect three projects including LayerZero, but can still be upgraded
Christine Kim, vice president of research at Galaxy, posted a summary of the 165th Ethereum Core Developers Executive Conference (ACDE).
The first is to analyze the impact of EIP-6466 and 6406. EIP-6466 and 6406 are code changes that update the encoding of data in two block header fields transactions_root and receipts_root from RLP to SSZ. An analysis by Dedaub, a blockchain security and auditing company, found that the SSZ update will affect three major projects: the blockchain interoperability protocol LayerZero, the cross-chain bridge zkBridge, and the oracle machine Telepathy. Although the applications are affected, Dedaub Director Neville Grech said all three can be upgraded to accommodate the code changes implemented through EIP 6466 and 6406. Danny Ryan stated that no decision needs to be made on this call regarding the implementation or timing of the transition from RLP to SSZ and that the information shared by Dedaub's team should be considered in future discussions.
Regarding the Cancun (Cancun)/Deneb test, Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, said that Devnet #7 of the Cancun/Deneb upgrade was launched on June 30, and the test network is being successfully completed to discover the bugs in the client implementation. some problems. Once the client issue is resolved, will try to send blob transactions to the network over a longer period of time to see how the network handles the load of 3 target blobs/blocks. Jayanthi emphasized that one of these issues affected pledged ETH deposits and that the Teku and Prysm consensus layer client teams should investigate further. Representatives of the Geth and Nethermind executive team also shared issues they are actively patching in preparation for the next phase of testing in Devnet #7.
Regarding the Builder Override Flag, Teku (CL) developer Mikhail Kalinin asked if the EL customer team would be willing to accept the engine API changes in the Cancun upgrade. The change aims to create a Boolean flag in the "get_payload" API command that will return true if an EL client for an Ethereum validator node detects censorship.
Additionally, EIP-4788 introduces a new precompilation, a cost-effective smart contract operation that will expose information about CL on EL to prevent overuse of storage space through code changes. This feature will unlock many use cases for decentralized applications, such as staking pools and restaking protocols, that would benefit from trust-minimized access to CL state. Alex Stokes, a researcher at the Ethereum Foundation, said that the modification will be incorporated into the final EIP-4788 specification for implementation in Cancun as soon as possible.
Ethereum client Lighthouse released v4.3.0 version, supporting Gnosis Capella upgrade
Sigma Prime, the Ethereum client Lighthouse development team, tweeted that Lighthouse v4.3.0 has been released. This version supports the Gnosis Capella upgrade, and Gnosis users must upgrade to v4.3.0 before August 1st.
2. Voice of the Community
(1) Several developers proposed to create ERC-7265, which aims to solve the problem of untimely response when DeFi faces attacks
Ethereum developer Diyahir, Fluid Protocol community member Meir Bank and others jointly proposed to create the ERC-7265 standard, which aims to introduce a smart contract interface similar to a "Circuit Breaker" to the DeFi ecosystem to solve the problem of DeFi facing hackers. A general lack of response time when attacking.
The effective logic of ERC-7265 is that by integrating with this standard, the "circuit breaker" will monitor the flow rate of each asset in the DeFi system in real time. When the rate exceeds the preset parameter threshold, the smart contract will be triggered, thereby Immediately suspend token outflows from the protocol.
The proponents of this standard believe that through ERC-7265, hackers will no longer be able to exhaust the funds in the entire contract within a few seconds after performing an attack, thereby ensuring the safety of most funds in the DeFi protocol.
(2) Rocket Pool responds to the accusation of "centralization" by Lido members: the problem has been known for a long time, and the Saturn upgrade will solve the relevant vulnerabilities
A team member of liquid staking protocol Lido accused rival Rocket Pool of being too centralized in a July 4 social media post. Dmitry Gusakov, head of Lido community pledge, said in the post that the Rocket Pool contract is controlled by the Rocket Pool team, allowing the team to change any parameters and call any method, which means that Rocket Pool developers can increase the inflation rate to any large percentage, Or increase the fee up to 100%.
Gusakov claimed that this vulnerability does not exist in Lido's contracts, because in Lido, these actions are "entirely controlled by the decentralized autonomous organization LidoDAO."
It is reported that the RocketStorage contract (Ethereum address starting with 0x 1 d 8 f) contains a parameter called "guardian", and many functions in the Rocket Pool contract are also marked as "onlyGuardian", which means that they can only be controlled by this parameter. Called with the account listed in , which is currently set to the RocketPool deployer account.
Waq, a member of the Rocket Pool grant management committee, responded to the allegations, saying the team was aware of the bug and would fix it in the future. Waq accused the Lido team of trying to take credit for discovering a known issue. (Cointelegraph)
3. Project Trends
(1) EigenLayer: It is expected to increase the upper limit of each liquidity re-pledging Token next week
The Ethereum re-pledging association EigenLayer officially announced that it will increase the upper limit of the stETH, rETH, and cbETH liquidity re-pledging projects to 15,000 pieces, and there is no personal deposit limit, because changes to protocol parameters must be approved by the multi-signature governance system , which is expected to complete the boost setup sometime next week. According to previous news, the liquidity re-pledging amount of stETH, rETH, and cbETH in EigenLayer has reached the project limit of 3,200 on June 16.
(2) The proposal of "freezing the TUSD reserve on the Aave V2 Ethereum pool" has been implemented
The governance page shows that the AIP proposal proposed by the Aave community to "freeze the TUSD reserve on the V2 Ethereum pool" has been implemented. Prior to the news on July 2, the Aave community has passed the on-chain vote of the AIP proposal of "freezing the TUSD reserve on the V2 Ethereum pool", with a support rate of 83.76%, and it will be implemented on the chain within one day. According to the proposal, following the recent TUSD asset incident, it is proposed to freeze the TUSD reserve of the Aave V2 Ethereum pool, which will prevent users from depositing or borrowing TUSD on the Aave V2 Ethereum pool. This will not affect current positions and users can still repay and withdraw TUSD from the Aave V2 Ethereum pool. This AIP is intended to take a conservative approach to the TUSD situation. It will allow the community to take a step back and assess the situation before making any further decisions.
(3) Loopring L3 launches Taiko alpha-3 zkEVM test
Loopring announced that Loopring L3 launched the alpha-3 zkEVM testnet of Taiko, the second-layer Ethereum network based on zkRollup, to achieve greater scalability and a highly optimized experience. The release of the L3 smart contract wallet will support exchange and transfer functions. Available on iOS, Android versions.
SSV.Network, a decentralized Ethereum staking infrastructure, released the mainnet launch schedule. The mainnet will be launched in four stages, namely pre-launch, limited launch, launch, and license-free launch. The team will begin the first phase of the mainnet rollout in early Q2 2023 and be ready for a permissionless launch by Q4 2023. It is reported that SSV.Network is a decentralized validator infrastructure based on DVT technology.
(5) The Ethereum ZK coprocessor Axiom has released the alpha version on the main network
The Ethereum ZK coprocessor (coprocessor) Axiom has released an alpha version on the main network. Axiom aims to provide smart contracts with trustless access to all on-chain data, allowing developers to access historical on-chain data and perform verified computations on it by querying Axiom to enhance blockchains with zero-knowledge proofs consensus.
(6) The L2 network PGN based on OP Stack was launched, and members of the governance alliance include Gitcoin, etc.
Gitcoin published an article introducing the OP Stack-based Layer 2 network Public Goods Network (PGN). It is reported that PGN is a highly composable EVM compatible Rollup, and plans to use most of the sequencer net income to support the Ethereum ecosystem and other public products. At present, the deployment and infrastructure of PGN are ready for testing, and the cross-chain bridge, transaction view, block explorer and core infrastructure are ready. Six months after the mainnet launch, fees will be assessed and distributed based on accumulated impact data, and network alliances can be joined to collaborate in determining how sequencer fees will be distributed. PGN commits to at least two years of experimentation, allowing partners to run Dapps on PGN to support public goods funding. Members of the PGN Governance Alliance include Protocol Guild, Public Nouns, Clr.fund, Giveth, Hypercerts, Protocol Labs, Octant, Eco, Hedgey, Gitcoin, etc., will oversee the distribution of sequencer fees to ensure the growth and sustainability of public product funding funds sex.
The decentralized derivatives protocol dYdX tweeted that the dYdX v4 test network has been officially launched. According to previous news, the dYdX Chain public test network will be officially launched at 1:00 on July 6. dYdX reached Milestone 4 ahead of schedule, marking the completion of features needed for a public testnet launch, including more validators (over 40) running its software. The public testnet will support Bitcoin and Ethereum markets, and as the network upgrades, it will include more than 30 markets. Antonio Juliano, the founder of dYdX, once tweeted that dYdX v4 will be completely open source, without any commercial copyright license, and anyone can use the code at will.
(8) The 1inch team actually sold 11,000 ETH, and the resulting DAI has been converted into the interest-earning token CHAI
According to DeBank data, the beginning of 0x225d is marked as 1inch: The address of Investment Fund removed two Uniswap V3 LPs, received about 11,000 ETH, and then converted ETH to WETH and converted it to DAI in several transactions. All DAI is exchanged for CHAI, an interest-bearing token previously launched by MakerDAO, and currently holds about 26.78 million CHAI. It is reported that CHAI (chai.money) is an ERC 20 token that allows users to earn interest based on Dai without locking it in the Dai Savings Rate. It is freely transferable and redeemable for more and more Dai all the time. The address of CHAI on the Ethereum mainnet is: 0x06AF07097C9Eeb7fD685c692751D5C66dB49c215.
(9) The trading volume of CME Bitcoin and Ethereum futures contracts reached $46.8 billion in June, the highest since May last year
According to CCData, CME Bitcoin futures trading volume in June rose 28.6% to $37.9 billion, a record high. Micro Bitcoin futures (MBT) also saw double-digit growth, with volume reaching $702 million, an increase of 21.1%. These contracts are smaller in size, often worth only one-tenth the value of a standard contract. In CME’s bitcoin futures, it’s 1/50. In June, a total of 264,323 Bitcoin contracts were traded on CME, an increase of 22.7% from the previous month; and more than 97,000 ETH futures contracts were traded, an increase of 10.8% from the previous month. Overall, the volume of these contracts rose 24.6% month-on-month to $46.8 billion, the highest level since May 2022. (Decrypt)
(10) Credit Suisse is involved in the NFT field and will cooperate with the Swiss Football Association to launch an NFT series based on Ethereum
Credit Suisse has teamed up with the Swiss Football Association to launch an Ethereum-based NFT collection in support of Swiss women's football. According to the Credit Suisse website, the NFT collection, which includes 756 digital art portraits of players from the Swiss women's national team, will be available exclusively through Credit Suisse's CSX app from July 11 to August 31. Xin entered the NFT field. (The Block)
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ETH Weekly | Credit Suisse launched the NFT series based on Ethereum; the 1inch team sold 11,000 ETH to exchange for the interest-bearing token CHAI (7.3-7.9)
1. Overall overview
Credit Suisse has teamed up with the Swiss Football Association to launch an Ethereum-based NFT collection in support of Swiss women's football. According to the Credit Suisse website, the NFT collection, which includes 756 digital art portraits of players from the Swiss women's national team, will be available exclusively through Credit Suisse's CSX app from July 11 to August 31. Xin entered the NFT field.
According to DeBank data, the beginning of 0x225d is marked as 1inch: The address of Investment Fund removed two Uniswap V3 LPs, received about 11,000 ETH, and then converted ETH to WETH and converted it to DAI in several transactions. All DAI is exchanged for CHAI, an interest-bearing token previously launched by MakerDAO, and currently holds about 26.78 million CHAI.
In terms of the secondary market, the current ETH price may continue to consolidate in the short term, with a support level of $1,850 and a resistance level of $1,900.
Secondary market
1. Spot market
According to OKX market data, the price of ETH fell to $1,825 last week and closed at $1,866 during the week, down 2.7% from the previous month
ETH daily chart via OKX
The daily chart shows that the price is currently consolidating around $1,860, the lower support level is $1,850, and if it falls below, it may fall further to $1,800; the upper resistance level is $1,900.
2. Network operation status
Etherscan data shows that in the past week, the number of blocks produced on the Ethereum network was 49,822, which was basically consistent with the previous week; the number of active addresses per week was 2,465,282, a decrease of 13.55% from the previous week; the block reward income was 4,470 ETH, an increase of 1% from the previous week; The weekly ETH burning volume reached 21,779, a month-on-month increase of 42.7%.
3. Large change
OKlink data shows that last week, the number of large-value transactions on the chain reached 1144, a 33.2% decrease from the previous week (1713), and the trading enthusiasm of giant whales has dropped significantly.
4. Rich list address
OKLink data shows that from the perspective of the distribution of ETH holding addresses, exchanges accounted for 9.31%, an increase of 0.19% from the previous month; DeFi projects accounted for 27.8%, an increase of 0.14% from the previous month; projects) accounted for 30.5%, down 0.26% month-on-month; other addresses accounted for 32.39%, down 0.13% month-on-month.
token.unlocks shows that the total amount of ETH pledged on the entire ETH network is currently 21.01 million ETH, and the pledge rate is 17.14%. 3.61 million tokens were taken out, compared to 3.55 million tokens last week; the total net pledge amount increased by 4.45 million tokens, compared to 4.25 million tokens last week, an increase of 200,000 tokens in the previous week.
5. Lock data
According to DeFiLlama data, the value of locked collateral on the chain dropped from US$26.98 billion to US$26.01 billion last week, a month-on-month decrease of 3.5%. From the perspective of individual projects, the top three lock-up values are: Lido $14.29 billion; MakerDAO $5.63 billion; Aave $5.04 billion.
3. Ecology and technology
1. Technological progress
165th ACDE meeting: EIP-6466 and 6406 code changes will affect three projects including LayerZero, but can still be upgraded
Christine Kim, vice president of research at Galaxy, posted a summary of the 165th Ethereum Core Developers Executive Conference (ACDE).
The first is to analyze the impact of EIP-6466 and 6406. EIP-6466 and 6406 are code changes that update the encoding of data in two block header fields transactions_root and receipts_root from RLP to SSZ. An analysis by Dedaub, a blockchain security and auditing company, found that the SSZ update will affect three major projects: the blockchain interoperability protocol LayerZero, the cross-chain bridge zkBridge, and the oracle machine Telepathy. Although the applications are affected, Dedaub Director Neville Grech said all three can be upgraded to accommodate the code changes implemented through EIP 6466 and 6406. Danny Ryan stated that no decision needs to be made on this call regarding the implementation or timing of the transition from RLP to SSZ and that the information shared by Dedaub's team should be considered in future discussions.
Regarding the Cancun (Cancun)/Deneb test, Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, said that Devnet #7 of the Cancun/Deneb upgrade was launched on June 30, and the test network is being successfully completed to discover the bugs in the client implementation. some problems. Once the client issue is resolved, will try to send blob transactions to the network over a longer period of time to see how the network handles the load of 3 target blobs/blocks. Jayanthi emphasized that one of these issues affected pledged ETH deposits and that the Teku and Prysm consensus layer client teams should investigate further. Representatives of the Geth and Nethermind executive team also shared issues they are actively patching in preparation for the next phase of testing in Devnet #7.
Regarding the Builder Override Flag, Teku (CL) developer Mikhail Kalinin asked if the EL customer team would be willing to accept the engine API changes in the Cancun upgrade. The change aims to create a Boolean flag in the "get_payload" API command that will return true if an EL client for an Ethereum validator node detects censorship.
Additionally, EIP-4788 introduces a new precompilation, a cost-effective smart contract operation that will expose information about CL on EL to prevent overuse of storage space through code changes. This feature will unlock many use cases for decentralized applications, such as staking pools and restaking protocols, that would benefit from trust-minimized access to CL state. Alex Stokes, a researcher at the Ethereum Foundation, said that the modification will be incorporated into the final EIP-4788 specification for implementation in Cancun as soon as possible.
Ethereum client Lighthouse released v4.3.0 version, supporting Gnosis Capella upgrade
Sigma Prime, the Ethereum client Lighthouse development team, tweeted that Lighthouse v4.3.0 has been released. This version supports the Gnosis Capella upgrade, and Gnosis users must upgrade to v4.3.0 before August 1st.
2. Voice of the Community
(1) Several developers proposed to create ERC-7265, which aims to solve the problem of untimely response when DeFi faces attacks
Ethereum developer Diyahir, Fluid Protocol community member Meir Bank and others jointly proposed to create the ERC-7265 standard, which aims to introduce a smart contract interface similar to a "Circuit Breaker" to the DeFi ecosystem to solve the problem of DeFi facing hackers. A general lack of response time when attacking.
The effective logic of ERC-7265 is that by integrating with this standard, the "circuit breaker" will monitor the flow rate of each asset in the DeFi system in real time. When the rate exceeds the preset parameter threshold, the smart contract will be triggered, thereby Immediately suspend token outflows from the protocol. The proponents of this standard believe that through ERC-7265, hackers will no longer be able to exhaust the funds in the entire contract within a few seconds after performing an attack, thereby ensuring the safety of most funds in the DeFi protocol.
(2) Rocket Pool responds to the accusation of "centralization" by Lido members: the problem has been known for a long time, and the Saturn upgrade will solve the relevant vulnerabilities
A team member of liquid staking protocol Lido accused rival Rocket Pool of being too centralized in a July 4 social media post. Dmitry Gusakov, head of Lido community pledge, said in the post that the Rocket Pool contract is controlled by the Rocket Pool team, allowing the team to change any parameters and call any method, which means that Rocket Pool developers can increase the inflation rate to any large percentage, Or increase the fee up to 100%.
Gusakov claimed that this vulnerability does not exist in Lido's contracts, because in Lido, these actions are "entirely controlled by the decentralized autonomous organization LidoDAO."
It is reported that the RocketStorage contract (Ethereum address starting with 0x 1 d 8 f) contains a parameter called "guardian", and many functions in the Rocket Pool contract are also marked as "onlyGuardian", which means that they can only be controlled by this parameter. Called with the account listed in , which is currently set to the RocketPool deployer account. Waq, a member of the Rocket Pool grant management committee, responded to the allegations, saying the team was aware of the bug and would fix it in the future. Waq accused the Lido team of trying to take credit for discovering a known issue. (Cointelegraph)
3. Project Trends
(1) EigenLayer: It is expected to increase the upper limit of each liquidity re-pledging Token next week
The Ethereum re-pledging association EigenLayer officially announced that it will increase the upper limit of the stETH, rETH, and cbETH liquidity re-pledging projects to 15,000 pieces, and there is no personal deposit limit, because changes to protocol parameters must be approved by the multi-signature governance system , which is expected to complete the boost setup sometime next week. According to previous news, the liquidity re-pledging amount of stETH, rETH, and cbETH in EigenLayer has reached the project limit of 3,200 on June 16.
(2) The proposal of "freezing the TUSD reserve on the Aave V2 Ethereum pool" has been implemented
The governance page shows that the AIP proposal proposed by the Aave community to "freeze the TUSD reserve on the V2 Ethereum pool" has been implemented. Prior to the news on July 2, the Aave community has passed the on-chain vote of the AIP proposal of "freezing the TUSD reserve on the V2 Ethereum pool", with a support rate of 83.76%, and it will be implemented on the chain within one day. According to the proposal, following the recent TUSD asset incident, it is proposed to freeze the TUSD reserve of the Aave V2 Ethereum pool, which will prevent users from depositing or borrowing TUSD on the Aave V2 Ethereum pool. This will not affect current positions and users can still repay and withdraw TUSD from the Aave V2 Ethereum pool. This AIP is intended to take a conservative approach to the TUSD situation. It will allow the community to take a step back and assess the situation before making any further decisions.
(3) Loopring L3 launches Taiko alpha-3 zkEVM test
Loopring announced that Loopring L3 launched the alpha-3 zkEVM testnet of Taiko, the second-layer Ethereum network based on zkRollup, to achieve greater scalability and a highly optimized experience. The release of the L3 smart contract wallet will support exchange and transfer functions. Available on iOS, Android versions.
(4) Decentralized Ethereum staking infrastructure SSV.Network releases mainnet launch schedule
SSV.Network, a decentralized Ethereum staking infrastructure, released the mainnet launch schedule. The mainnet will be launched in four stages, namely pre-launch, limited launch, launch, and license-free launch. The team will begin the first phase of the mainnet rollout in early Q2 2023 and be ready for a permissionless launch by Q4 2023. It is reported that SSV.Network is a decentralized validator infrastructure based on DVT technology.
(5) The Ethereum ZK coprocessor Axiom has released the alpha version on the main network
The Ethereum ZK coprocessor (coprocessor) Axiom has released an alpha version on the main network. Axiom aims to provide smart contracts with trustless access to all on-chain data, allowing developers to access historical on-chain data and perform verified computations on it by querying Axiom to enhance blockchains with zero-knowledge proofs consensus.
(6) The L2 network PGN based on OP Stack was launched, and members of the governance alliance include Gitcoin, etc.
Gitcoin published an article introducing the OP Stack-based Layer 2 network Public Goods Network (PGN). It is reported that PGN is a highly composable EVM compatible Rollup, and plans to use most of the sequencer net income to support the Ethereum ecosystem and other public products. At present, the deployment and infrastructure of PGN are ready for testing, and the cross-chain bridge, transaction view, block explorer and core infrastructure are ready. Six months after the mainnet launch, fees will be assessed and distributed based on accumulated impact data, and network alliances can be joined to collaborate in determining how sequencer fees will be distributed. PGN commits to at least two years of experimentation, allowing partners to run Dapps on PGN to support public goods funding. Members of the PGN Governance Alliance include Protocol Guild, Public Nouns, Clr.fund, Giveth, Hypercerts, Protocol Labs, Octant, Eco, Hedgey, Gitcoin, etc., will oversee the distribution of sequencer fees to ensure the growth and sustainability of public product funding funds sex.
(7) dYdX: Milestone 4 reached ahead of schedule, dYdX v4 testnet officially launched
The decentralized derivatives protocol dYdX tweeted that the dYdX v4 test network has been officially launched. According to previous news, the dYdX Chain public test network will be officially launched at 1:00 on July 6. dYdX reached Milestone 4 ahead of schedule, marking the completion of features needed for a public testnet launch, including more validators (over 40) running its software. The public testnet will support Bitcoin and Ethereum markets, and as the network upgrades, it will include more than 30 markets. Antonio Juliano, the founder of dYdX, once tweeted that dYdX v4 will be completely open source, without any commercial copyright license, and anyone can use the code at will.
(8) The 1inch team actually sold 11,000 ETH, and the resulting DAI has been converted into the interest-earning token CHAI
According to DeBank data, the beginning of 0x225d is marked as 1inch: The address of Investment Fund removed two Uniswap V3 LPs, received about 11,000 ETH, and then converted ETH to WETH and converted it to DAI in several transactions. All DAI is exchanged for CHAI, an interest-bearing token previously launched by MakerDAO, and currently holds about 26.78 million CHAI. It is reported that CHAI (chai.money) is an ERC 20 token that allows users to earn interest based on Dai without locking it in the Dai Savings Rate. It is freely transferable and redeemable for more and more Dai all the time. The address of CHAI on the Ethereum mainnet is: 0x06AF07097C9Eeb7fD685c692751D5C66dB49c215.
(9) The trading volume of CME Bitcoin and Ethereum futures contracts reached $46.8 billion in June, the highest since May last year
According to CCData, CME Bitcoin futures trading volume in June rose 28.6% to $37.9 billion, a record high. Micro Bitcoin futures (MBT) also saw double-digit growth, with volume reaching $702 million, an increase of 21.1%. These contracts are smaller in size, often worth only one-tenth the value of a standard contract. In CME’s bitcoin futures, it’s 1/50. In June, a total of 264,323 Bitcoin contracts were traded on CME, an increase of 22.7% from the previous month; and more than 97,000 ETH futures contracts were traded, an increase of 10.8% from the previous month. Overall, the volume of these contracts rose 24.6% month-on-month to $46.8 billion, the highest level since May 2022. (Decrypt)
(10) Credit Suisse is involved in the NFT field and will cooperate with the Swiss Football Association to launch an NFT series based on Ethereum
Credit Suisse has teamed up with the Swiss Football Association to launch an Ethereum-based NFT collection in support of Swiss women's football. According to the Credit Suisse website, the NFT collection, which includes 756 digital art portraits of players from the Swiss women's national team, will be available exclusively through Credit Suisse's CSX app from July 11 to August 31. Xin entered the NFT field. (The Block)