Pentagon Games has closed a $6M Seed funding round
Funding participants include Binance Labs, Animoca Brands, Tess Ventures, NFX, Hyperedge, Symbolic, Polygon, Republic, Spartan, and YGG. Pentagon is a zkEVM chain game publisher driving the XR metaverse by leveraging deep learning and Web3 technologies.
👉 x.com/PentagonGamesXP/status/1821583507602510243
STATE OF THE DAOs
According to DееpDАО.iо, 50,896 organizations are accounting for 17.8B total treasury with 14.9B of liquid and 2.9B of vested assets. During the last month, total DAOs treasury has decreased by 5.9B, marking a 33.15% down.
The most common treasury stablecoins are USDT, USDC, and DAI. Organizations with the most significant lifetime participants are Stargate Finance (1.20M), Arbitrum (323K), and Optimism (149K). The most significant number of proposals are in Lido DAO (639), Arbitrum (359), and Gnosis Chain (198).
Ripple (XRP) has been fined $125 million as part of its years-long litigation with US SEC
Ripple will pay a $125M fine as part of its litigation with the U.S. Securities and Exchange Commission. In 2020, the SEC accused Ripple of raising $1.3B through an XRP sale marked as an unregistered security.
👉 theblock.co/post/310121/ripple-fined-125-million-in-sec-case
Vessel secured $10 million in the Seed funding round
The round saw participants from Sequoia Capital, Avalanche and Algorand Foundation, IMO VC, Folius Ventures, Incuba Alpha, and several angels, including Scroll co-founders. Vessel is a ZK orderbook exchange.
👉 x.com/VesselFinance/status/1821471653936898165
Toncoin (TON) to be listed on Binance today, on August 8th
Binance will list Toncoin and open trading for TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY pairs. Users can now start depositing TON in preparation for trading. Toncoin is the native network cryptocurrency of the TON decentralized ecosystem.
👉 binance.com/en/support/announcement/binance-lists-ton
Crypto Events Recap, August 6-7
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-august-6-7-2024
Memoverse announced the public launch of Space Shooter, a Telegram mini-game
The Space Shooter V1 includes a survival mode, an earn coin mechanism, a spaceship upgrading system, and rewards activity. Users can get access to Space Shooter via The Bridge telegram bot. Memoverse is an educational metaverse of Web 3.0.
👉 @BridgeTheBot
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
Top-15 Projects by Daily Active Addresses (DAA) growth in the last 30 days
Daily Active Addresses is the number of distinct addresses that participated in a transfer for the given asset on any given day. Each address is counted only once for the day.
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.09T (+1.34%)
BTC Price: $56,715 (+1.68%)
BTC Dominance: 53.5% (+0.30%)
Fear & Greed Index: 29 (Fear)
Total Value Locked: $127B (+1.43%)
Top-15 Cross-Chain Bridges by volume in the last 30 days
A cross-chain bridge is a type of decentralized application that enables the transfer of assets from one blockchain to another.
Ronin Network (RON) bridge pauses amid a $9.8M suspicious outflow to MEV bot
The Ronin bridge has been paused while investigating a report from whitehats about a potential MEV exploit. The bridge currently secures more than $850M, which is “safe,” according to a Ronin co-founder. Ronin’s bridge was previously hacked for $600M in 2022.
👉 theblock.co/post/309707/ronin-bridge-pauses
Non-EVM dApps by the number of users in the last 30D
The infographic depicts the Top-12 Non-EVM dApps sorted by the number of Unique Active Wallets interacting or performing a transaction with a dApp's smart contracts in the last 30 days.
CARV & Binance Web3 Wallet launched a joint promotion
To join the campaign that will last until Aug 26th, users need to join Binance Web3 platform and complete social quests such as Check-In Daily or Invite Friends. CARV is a data layer platform allowing Web3 gaming and AI companies to control and monetize their data.
👉 x.com/Web3WithBinance/status/1820429552860254215
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.24T (+6.25%)
BTC Price: $61,057 (+6.52%)
BTC Dominance: 53.9% (+0.10%)
Fear & Greed Index: 48 (Neutral)
Total Value Locked: $134B (+6.14%)
JuicyPerp receives a grant from the Arbitrum Foundation
The full size of the grant will be allocated to JuicyPerp community. Previously, JuicyPerp launched its Mainnet with Perpetual Battle competition. JuicyPerp is a gamified options trading platform on Arbitrum.
👉 x.com/JuicyPerp/status/1821156196847382598
Franklin Templeton launches its OnChain US Government Money Fund (FOBXX) on Arbitrum
Investors can access the FOBXX asset in digital wallets via Franklin Templeton’s blockchain-integrated Benji Investments platform and BENJI token on Arbitrum Network upon request, subject to eligibility.
👉 theblock.co/post/309989/franklin-templeton-fobxx-benji-arbitrum
Solayer has received an investment from Binance Labs
Solayer is a leading restaking network on Solana. It aims to secure on-chain decentralized applications with improved network bandwidth while securing the L1 at the same time.
👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-solayer
Blockscout has closed a $3M Seed funding round
The funding was led by 1kx and joined by Primitive Ventures, Gnosis and numerous angels, including Alex Svanevik and Anton Bukov among others. Blockscout is a tool for inspecting and analyzing EVM blockchains providing a comprehensive, easy-to-use interface.
👉 x.com/blockscoutcom/status/1821172993831383262
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.10T (+0.24%)
BTC Price: $57,268 (+0.49%)
BTC Dominance: 53.8% (+0.30%)
Fear & Greed Index: 20 (Extreme Fear)
Total Value Locked: $124B (-2.37%)
Web Traffic Spotlight in July: Centralized Exchanges
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Solana-based DePIN project Andrena raised $18 million led by Dragonfly Capital
Other investors in the round include CMT Digital, Castle Island Ventures, Wintermute, 6th Man Ventures, and ParaFi. The Series A extension round brings Andrena's total funding to $38 million.
Andrena is developing DAWN (decentralized autonomous wireless network) to offer decentralized internet services.
👉 theblock.co/post/309917/solana-depin-andrena-dawn-funding
Ronin (RON) returns $10M worth of ETH stolen yesterday
Ronin said that it was white hats and that Bug Bounty Program would reward them with a 500K bounty. Moreover, the bridge will undergo audit before it is reopened. Ronin's bridge with Ethereum was previously hacked for $600M in March 2022.
👉 x.com/Ronin_Network/status/1820846361945792751
India's exchange CoinDCX established a $6M investor protection fund
The investor protection fund is designed to "compensate users for losses incurred in extremely rare scenarios such as security breaches" and at the start, it will hold ~$6M. The decision comes in the wake of the $230 million hack suffered by WazirX last month.
👉 coindesk.com/policy/2024/08/06/post-wazirx-hack-indias-coindcx-starts-investor-protection-fund-with-6m/
Ubisoft announced the development of the Captain Laserhawk on Arbitrum
The game is developing in collab with Arbitrum Foundation along with Sequence, the crypto game development suite from Horizon. Features on Arbitrum would enable creators to provide community with a means to shape the story, gameplay, and side experiences.
👉 decrypt.co/243321/ubisoft-captain-laserhawk-game-ethereum-layer-2-arbitrum
Binance Labs unveiled 7 projects admitted into Incubation Program Season 7
Incubated projects include Astherus, Cycle Network, EigenExplorer, DILL, Aarc, FluxLayer, and TonTon Games. Teams will follow the two-month program with resources across Binance ecosystem & 1:1 mentorship.
👉 x.com/BinanceLabs/status/1820474883417280713
Justin Sun unveiled plans to launch a $1B fund to combat FUD
The future $1 billion fund will be focused on investments, liquidity provision, and combating fear (FUD) during volatile times. No more detailed plans were revealed. Justin Sun is a Chinese tech entrepreneur best known as the founder of Tron.
👉 x.com/justinsuntron/status/1820386648200245409
Zircuit (ZRC) launched Mainnet alongside ZRC token airdrop
The first phase enables users to bridge funds to the ZK rollup and test out dapps. Zircuit also kicked off its “Zircuit Mainnet Festival,” incentivizing users with ZRC tokens and rolled out the first stage of its ZRC token airdrop claims to reward early users.
👉 x.com/ZircuitL2/status/1820563304995254767
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.07T (+7.94%)
BTC Price: $55,952 (+6.12%)
BTC Dominance: 53.2% (-0.40%)
Fear & Greed Index: 17 (Extreme Fear)
Total Value Locked: $125B (+7.76%)