Rhythm Evening News|A list of important information in the crypto industry on August 22
1. Bitcoin volatility index dropped to 57.48; 2. SunPump platform protocol's daily revenue temporarily exceeded pump.fun; 3. Layer2 profit margin increased and operating costs decreased after Cancun upgrade; 4. Vitalik Buterin said Ethereum's fundamentals are very strong; 5. The probability of Trump winning the US presidential election on Polymarket rose to 53%
Bitcoin Volatility Index fell to 57.48 yesterday, a one-day drop of 0.33%
BlockBeats news, on August 22, the BitVol (Bitcoin Volatility) Index launched by financial index company T3 Index and options trading platform LedgerX fell to 57.48 yesterday, a one-day drop of 0.33%.
BlockBeats Note: The BitVol Index measures the 30-day expected implied volatility derived from the price of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility σ into the B-S option pricing formula.
The actual price of an option is formed by the competition of many option traders. Therefore, the implied volatility represents the market participants' views and expectations on the future of the market, and is therefore considered to be the closest to the actual volatility at the time.
BlockBeats news, on August 22, according to Coinglass data, if Bitcoin breaks through $62,000, the cumulative short order liquidation strength of mainstream CEX will reach 795 million;
If Bitcoin falls below $59,000, the cumulative long order liquidation strength of mainstream CEX will reach 786 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after it arrives.
BlockBeats news, on August 22, Galaxy Digital released a research report analyzing the impact of Blob on Layer2 and Ethereum in the 150 days of the Cancun upgrade. The main points include:
· Ethereum's revenue and ETH supply burn have both decreased significantly, with total revenue 69% lower than the average of the 150 days before the upgrade, and ETH burn 84% lower than the average of the 150 days before the upgrade.
· Layer2 profit margins have increased, with Optimism type profit margins increasing from 22.65% to 92.3%, and ZK type profit margins increasing from 27.27% to 66.7%.
· Layer2 operating costs have dropped significantly, from an average of $1.07 million per day to $556,400.
· Significant increases in both transaction activity and failure rates, possibly due to increased robot activity.
Vitalik: Ethereum’s fundamentals are actually very strong at the moment
BlockBeats news, on August 22, Ethereum co-founder Vitalik Buterin posted on social media, “Ethereum has become even stronger:
· Transaction fees on L2 are less than $0.01
· Two EVM L2s (Optimism and Arbitrum) have now entered the first phase
· The user experience of wallets has improved greatly (for example, there is no need to manually switch networks), but there is still a long way to go
· More powerful and mature ZK tools make life easier for application developers
· We are beginning to see the emergence of second-generation privacy tools (such as 0xbowio)
· The identity/reputation/credentials ecosystem is getting stronger and starting to see more real-world use
· Progress on STARKs makes the long-term security and decentralization picture clearer
· Account abstraction roadmap is clearer
· The final solution for block construction is clearer (seems to come down to a choice between FOCIL+APS vs. multiple proposers)
· Decentralization of staking remains stable (the claim that “PoS is more centralized than PoW” has been proven to be completely wrong)
The fundamentals of Ethereum are actually very strong at the moment. ”
Polymarket Trump's chances of winning rise to 53%
BlockBeats news, on August 22, according to the prediction market Polymarket data, the current probability of Trump winning the US presidential election has risen to 53%, leading Harris by 7 percentage points.
SunPump platform's protocol revenue in the past 24 hours surpassed pump.fun
BlockBeats news, on August 22, according to Dune data, Tron network meme issuance platform SunPump's revenue in the past 24 hours reached 548,000 US dollars, surpassing Solana meme coin platform pump.fun's revenue of 367,000 US dollars in the past 24 hours.
In the past 24 hours, a total of 7,351 tokens were issued on the SunPump platform, and a total of 6,941 tokens were issued on the pump.fun platform in the past 24 hours. (The Block)
A whale increased its holdings of AAVE worth more than $10 million at an average price of $135
BlockBeats reported that on August 22, according to lookonchain monitoring, a whale spent 4,000 stETH (US$10.4 million) to purchase 77,270 AAVE at a price of US$135 in just one day.
DWF Labs deposited 2 million CRV into Binance 5 hours ago and still holds 10.5 million CRV
BlockBeats news, on August 22, according to Spot On Chain monitoring, DWF Labs deposited 2 million CRV (683,000 US dollars) into Binance 5 hours ago.
During last year's liquidation crisis, DWF Labs bought 12.5 million CRV (US$5 million) from Curve founder Michael Egorov at an average price of US$0.4 through over-the-counter transactions.
Currently, it still holds 10.5 million CRV (US$3.5 million), ranking third in its portfolio, and at current prices, the total loss on CRV is US$824,000 (-16.5%).
BlockBeats News, August 22, according to Bitcoin Magazine, Miami-based Bitcoin Lightning Network payment startup TMRW announced the completion of a $1.3 million Pre-Seed round of financing, Maple VC led the investment, and angel investors such as Brad Mills participated in the investment.
TMRW mainly uses the speed and low cost of the Lightning Network and the open payment standard Universal Money Addresses built on the Lightning Network to achieve cross-border point-to-point payments through Lightspark and ZeroHash. The new funds are intended to be used to expand the US market. TMRW has now opened its iOS beta version to US users.
Avalon Labs officially launched the first CeDeFi loan with a lending rate of 8%
BlockBeats news, on August 22, according to official news, Avalon Labs (formerly Avalon Finance) officially launched the first on-chain CeDeFi loan, through cooperation with CeFi institutions, providing unlimited stablecoin loans, fixed lending rate of 8%, and collateral managed by professional institutions. This move solves the risks of floating high lending rates and on-chain collateral custody on the chain, and the supported collateral is FBTC and Bitcoin.
Avalon Labs operates two business segments, CeDeFi and DeFi lending around Bitcoin, and will launch its lending stablecoin. Avalon Labs will serve both retail and institutional users to establish a more complete on-chain lending system.
Binance will launch POPCAT and SUN 1-75x USDT perpetual contracts
BlockBeats news, on August 22, according to the official announcement, Binance will launch POPCATUSDT and SUNUSDT perpetual contracts at 21:00 (Eastern Time Zone 8) on August 22, 2024 and 21:05 (Eastern Time Zone 8) on August 22, 2024, respectively, with a maximum leverage of 75 times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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