Stablecoin Total Market Cap Grew by 2.63% in the Last 7 Days, Surpassing $283.4 Billion

August 31st. Binance Alpha will commence its airdrop claim starting at 20:00 (UTC+8) today. Users possessing at least 220 Alpha points will be able to claim the tokens on a first-come, first-served basis until the airdrop pool is completely distributed or the airdrop event concludes. The specific token has not been disclosed yet.

August 31st. Apart from Tim Cook who is currently engaged in a court battle with Trump, the Federal Reserve Board of Governors (with a full membership of 7) also comprises Powell and two governors appointed by Biden (Jefferson and Barr), and they, like Cook, are in alignment with Powell. In addition, there are two governors appointed by Trump during his first term (Waller and Bowman), and both of them voted in favor of rate cuts in July. Trump has nominated his advisor Stephen Moore to fill the vacancy caused by Cugler's resignation. The Senate Banking Committee will hold a confirmation hearing for Moore next Thursday. If approved promptly, he may join the Fed in time for the September meeting, indicating that Trump will have at least three supporters on the Federal Reserve Board. Furthermore, if the court rules that Trump can dismiss Cook, he will promptly nominate her successor, potentially enabling him to obtain a majority (four out of seven) on the board. This ruling is unlikely to

On August 31st, based on GMGN data, the on-chain AI virtual creature concept Meme token SPARK's market capitalization briefly exceeded $20 million. Currently, it is at $18.6 million. It has a 24-hour price increase of 48.56% and a 24-hour trading volume of $4.1 million. BlockBeats reminds users that Meme coins often lack practical use cases and experience high price volatility. Therefore, investment should be approached with caution.

On August 31st, EigenCloud declared its most recent project plan. This plan will be employed to provide support for applications in various fields such as Artificial Intelligence (AI), A2A, DeFi, zkTLS, Real World Assets (RWAs), DeFAI, DePIN, Intelligent Agents, Rollups, and Oracles. On June 17th, Eigen Labs announced the commencement of the Ethereum Re-Staking Protocol EigenCloud. a16z crypto is set to invest $70 million by directly purchasing EIGEN tokens. This follows a16z's additional investment of $100 million in EigenLayer in February 2024. EigenCloud is constructed on top of the EigenLayer Re-Staking Protocol and integrates functions like Data Availability (EigenDA), Generalized Computation (EigenCompute), and Dispute Resolution (EigenVerify). The platform enables developers to cryptographically verify off-chain activities, offering the same level of trust guarantees as on-chain activities. Currently, more than $12 billion in re-staked assets safeguard over 200 decentralized se