The SEC Launches Project Crypto to Advance Securities Rule Modernization and Drive Market Shift to the Blockchain

On August 2nd, according to data from Coinglass, within the past 24 hours, the total liquidation across the entire network reached $8.12 billion. The total long liquidation was $7.34 billion, and the total short liquidation was $77.15 million.

On August 2nd, according to official information, OP Labs declared the official launch of the first Rollup node based on Rust, named kona-node. As a Rollup node conforming to the OP Stack specification, kona-node possesses the advantages of memory safety, low resource consumption, and support for multiple proving backends, which makes it convenient to customize and expand. With only approximately 8000 lines of code, kona-node combines powerful functions and efficient performance, providing Ethereum Layer 2 solution developers with a new choice.

August 2nd. According to official channels, the U.S. Securities and Exchange Commission (SEC) announced that its Crypto Task Force will be visiting several cities in the United States in the upcoming months and hold a series of roundtable meetings. The purpose of these meetings is to offer more stakeholders in the crypto field the chance to have direct interactions with SEC Commissioner Hester Peirce. This event particularly extends an invitation to representatives from early-stage crypto projects that have fewer than 10 employees and have been established for less than two years, aiming to ensure a more comprehensive and diverse regulatory policy-making process. Commissioner Peirce expressed her expectation to receive feedback from those who were unable to attend the spring roundtable meeting in Washington earlier this year. She emphasized that the regulatory framework will have a significant impact on the industry. The SEC aims to achieve a more extensive outreach effect through ext

August 2nd: As per Fortune magazine, the cryptocurrency startup Subzero Labs has successfully completed a $20 million seed round of financing. This round was spearheaded by the crypto investment firm Pantera Capital, and it saw the participation of crypto venture funds Variant and Coinbase Ventures, as well as the crypto division of the high-frequency trading firm Susquehanna. Subzero Labs' Co-founder and CEO, Ade Adepoju, declined to reveal the company's valuation subsequent to this financing round. He mentioned that the transaction was finalized in the first quarter of this year and encompassed a combination of equity and token warrants (that is, allocation rights to future yet-to-be-released crypto tokens). Subzero Labs intends to launch a novel blockchain named Rialo, which is crafted for real-world applications. Rialo is not a conventional Layer 1 blockchain - in Adepoju's words, it is "neither Layer 1, 2, 3, 4, 5, nor 6", and he is hesitant to draw comparisons with exi

On August 2nd, according to official information, Binance has declared the official launch of the Binance Wallet web version - a browser-based decentralized wallet that doesn't require installation or extensions. Users are able to directly carry out on-chain transactions through the Binance website without any additional setup, making it immediately ready for use. The wallet has been integrated into the Binance homepage under the "Trade" tab, facilitating convenient access to various decentralized exchanges (DEX). The new wallet features the Secure Auto Sign (SAS) mechanism. This mechanism ensures asset self-management while enabling quick authorization and automatic transactions, which is suitable for high-speed markets like meme coins. SAS operates within a Trusted Execution Environment (TEE), guaranteeing that the private key remains local and inaccessible to third parties. In addition, the wallet supports seamless cross-device switching. Coupled with a secure QR code authorizatio

On August 1st, as per official information, Grayscale has made an announcement. Immediately, the distribution frequency of the Grayscale Bitcoin Covered Call ETF (with the ticker: BTCC) and the Grayscale Bitcoin Premium Income ETF (with the ticker: BPI) will be modified from monthly to twice a month. Both funds are set to target the 15th and the 30th of each month as the payment dates, and adjustments will be made in accordance with standard business day rules.