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Yesterday, the number of transactions on the Ethereum network reached 1.87 million, nearing an all-time high.

4 hours ago

On August 7th, according to Etherscan data, the daily transaction volume on the Ethereum network yesterday climbed to 1.87 million transactions, nearing the all-time high of 1.96 million transactions set on January 14, 2024. Nansen's Senior Research Analyst, Jake Kenni, stated that this significant increase in transactions was primarily driven by the elevated volume of stablecoins like USDC, Tether, and the decentralized exchange Uniswap. Sara Gherghelas, DappRadar's Senior Analyst, pointed out that the passage of the "GENIUS Act" established a legal framework for U.S. stablecoin operations, thereby enhancing market confidence.
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Gate will list INFINIT (IN) spot trading and futures trading

On August 7th, as per the official announcement, Gate is set to list INFINIT (IN) spot trading at 18:00 (UTC+8) on August 7th. Furthermore, at 18:10, INFINIT (IN) perpetual contract trading (settled in USDT) will commence, with support for 1-20x leverage.

7 minutes ago

Trump: Interview process for the next Fed Chair has begun, with all 3 candidates from Wall Street

On August 7th, Trump declared that the interview procedure for the next Federal Reserve Chair has commenced. The current list of candidates has been narrowed down to three, and it is noted that they all originate from Wall Street. (Cointelegraph)

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Phishing Shield: The top result on Google search for "Aave" is a phishing website

On August 7th, as monitored by PeckShield, a phishing advertisement imitating the decentralized lending protocol Aave showed up as the top result in Google search results. It is advised that users refrain from interacting with it. It is recommended that when visiting Web3 sites, users always verify the authenticity of the website to avoid phishing attacks.

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Moody's: Hong Kong Stablecoin Regulation Positively Affects Banks and Securities Firms Becoming Issuers

On August 7th, one of the world's largest rating agencies, Moody's, indicated that the clarity of regulations under the Hong Kong "Stablecoin Regulation" is anticipated to boost market confidence and facilitate the long-term utilization of stablecoins. This holds a positive credit impact on Hong Kong banks aiming to obtain licensed stablecoin issuer status and Hong Kong securities firms holding virtual asset trading licenses. If they become licensed banks, large banks will be required to leverage their reputations, liquidity management, and compliance infrastructure to gain a first-mover advantage. (Aastocks)

7 minutes ago

Cboe Applies to Add Staking Feature to VanEck Ethereum ETF, Staking Rewards to Constitute Fund Income

On August 7th, as per official documents, Cboe BZX has submitted an application to the U.S. Securities and Exchange Commission (SEC). The application is to incorporate the Ethereum staking feature into the approved VanEck Ethereum ETF. According to the document, the sponsor of the fund has the option to stake either all or a portion of the Ethereum held by the fund by engaging one or more trusted staking service providers. The staking rewards obtained will be regarded as a part of the fund's income.

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Trump Celebrates Tariffs Taking Effect: Billions of Dollars in Tariffs Now Pouring into the U.S.

On August 7th, U.S. President Trump posted on the social media platform Truth, stating, "The EQT tariffs will come into effect at midnight tonight, and tens of billions of dollars will start to flow into the United States. The only thing that can prevent this great undertaking of the United States is a radical left-wing court that desires to witness the failure of our country."

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