Golden Web3.0 Daily | Yu Weiwen: We should update our understanding of virtual assets

DeFi data

1. Total market value of DeFi tokens: $42.846 billion

DeFi total market capitalization and top ten token data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 3.34 billion US dollars

Source of trading volume data on decentralized exchanges in the past 24 hours: coingecko

3. Assets locked in DeFi: $42.11 billion

Data source: defillama

NFT data

1. Total market value of NFT: $15.126 billion

Data source of NFT total market capitalization and top ten projects by market capitalization: Coinmarketcap

2. 24-hour NFT transaction volume: 761 million **** USD

24-hour NFT trading volume, data source of top ten projects by trading volume: Coinmarketcap

3. Top NFT within 24 hours

Data source of the top ten NFT sales within 24 hours: NFTGO

Headline

President of the Hong Kong Monetary Authority: Hong Kong banks should update their understanding of virtual assets and clarify their regulatory expectations with the authorities

Yu Weiwen, President of the Hong Kong Monetary Authority, pointed out that it is difficult for virtual asset trading platforms to open bank accounts in Hong Kong. He has always communicated with Hong Kong banks. Because virtual assets are still a new project, the banking regulatory framework and operational requirements have always been aimed at traditional financial businesses, so the industry must constantly update its understanding and clarify its regulatory expectations with the authorities. He pointed out that once a financial institution is licensed, its operations will be reviewed by regulatory agencies, and the authorities have anti-money laundering and customer account review requirements for banks. Banks must follow the risk-based principle and review procedures for each customer. Decide whether to open an account or not.

***NFT/Digital CollectionHot Spot

1. The floor price of CryptoPunks series NFT dropped to around 50ETH

According to NFTGo.io data, the CryptoPunks series NFT floor price reached 50.99ETH, a 24-hour drop of 0.15%. In addition, the 24-hour transaction volume of this series of NFTs reached 158.43 ETH, and the transaction volume dropped by 46.29%.

2. Blur’s NFT lending platform Blend’s transaction volume reached US$365 million in May

According to data provided by encryption analysis company Messari, Blur’s NFT lending platform Blend’s transaction volume reached 365 million US dollars in May, ranking second on the list. The first place is NFT fi ($391 million), and the third place is Bend ($316 million).

3. Hackers Steal Millions of Dollars Worth of NFTs and Spend them on Roblox

According to data collected on PeckShield and Dune Analytics, phishing attacks through NFT drainer codes have affected at least 3.2K wallets in the past nine months, and have stolen a total of $73 million worth of NFTs and tokens. 95% of the attackers are minors under the age of 18. They purchased codes through Telegram and Discord and carried out attacks, spending the stolen money on Roblox avatars, skins, Uber Eats and online gambling.

4.Nike's NFT platform hints that it will cooperate with Fortnite

Nike's official Twitter account shared a trailer for Fortnite "Ultimate Stealth Hunting". At the end of the trailer, the logo of Nike and the Unreal Engine 4 appeared, accompanied by the date of "6.20". The promotional video may imply that Fortnite will cooperate with swoosh, the NFT clothing platform launched by Nike.

5. The phishing website stole 3 NFTs from OpenSea

According to PeckShield monitoring, phishing websites stole 3 NFTs from OpenSea, including Otherdeed Otherside #55196 and Moonbirds Oddities #1754 from InfernoDrainer.

DeFi Hotspot

1.AMF: Supports globally coordinated DeFi rules

France's top market regulator, the Autorité des Marchés Financiers (AMF), has expressed support for globally harmonized rules for decentralized finance (DeFi). In a discussion paper published on Monday, the AMF, which issues licenses to cryptocurrency exchanges looking to operate in the country, shared its "regulatory concerns" for the decentralized and "disintermediation" protocols that make up the DeFi ecosystem. Preliminary Thoughts".

The AMF attempts to define DeFi, a decentralized governance system called a DAO, and automated "smart contracts" that run transactions. The document also presents the relevant levels of risk and control for debate.

The document also stated that “due to the cross-border nature and reach of DeFi activities, the AMF also supports the development of a globally coordinated regulatory approach to ensure a global level playing field that both aims to protect investors and foster innovation.”

2. The Aave community opposes the proposal to freeze CRV tokens on V2

The Aave community voted unanimously against Gauntlet's proposal to freeze version 2 of the Curve DAO (CRV) tokens. Last week, Gauntlet proposed freezing the CRV market at Aavev2, Gauntlet’s proposal aimed at managing the risks associated with a large loan taken by Curve founder Michael Egorov.

3. The proposal to deploy Uniswap V3 to the Filecoin Virtual Machine (FVM) has passed the temperature check vote

The Snapshot voting page shows that the Uniswap community passed the temperature check vote on the proposal to deploy Uniswap V3 to the Filecoin Virtual Machine (FVM) with a support rate of 99.98%. The vote was initiated by Michigan Blockchain. The team believes that it is valuable for Uniswap to gain market share in its data economy as early as possible, and FVM deployment is an appropriate way to advance Uniswap's multi-chain vision.

Next, the relevant stakeholders mentioned in the previous RFC will be finalized. After the stakeholders are determined, the v3 contract will be deployed on the target chain. Thereafter, once the contract is audited, on-chain voting will begin.

4. The founder of Synthetix: It is recommended to introduce a new SNX pledge module in the V3 version

Kain, the founder of Synthetix, published an article today about the update plan for the SNX staking mechanism.

Kain proposed to implement a new SNX staking module in Synthetix V3. This module will simplify the entire staking process, and users only need to deposit SNX without facing market risks or considering hedging needs. Initially the Finance Committee will fund this staking pool, but a portion of Synthetix’s protocol fees may also be allocated to this staking pool in the future. Kain emphasized that this simpler method of staking is designed to attract more new users to the Synthetix V3 system.

When talking about the reason for this suggestion, Kain said that the complexity of the SNX staking process has constituted an entry barrier for new users. For many years, the Synthetix community has been concerned about the complexity of SNX staking. Since SNX staking supports all transactions on Synthetix, the SNX staking ratio is very important. Although in the early years (2019), inflation incentives were an effective strategy to increase the SNX pledge rate, its effect has weakened in 2021 and 2022.

5.Curve launched a community vote to support WETH mortgage minting crvUSD

The Curve community initiated an on-chain vote to deploy the WETH market with a debt limit of 200 million crvUSD, and the vote will end at 16:44:35 Beijing time on June 26.

GameFi

1.Hashed announced that it has invested in Web 3.0 game developer Decentralized Gaming Ventures

Blockchain professional investor Hashed announced on the 19th that it has invested in Decentralized Gaming Ventures (DGV), a Web 3.0 game venture capital studio supporting Southeast Asian game developers. Founded in 2021, DGV is a Singapore-based accelerator focusing on web3.0 games. Its main business is to spot promising developers and incubate them from prototype development to launch. Last year, they supported the launch of 15 games and currently support 8 game development teams in Singapore.