Polymarket's August trading volume exceeded $460 million, surpassing the total NFT volume on the entire chain.
Author: Deep Tide TechFlow
Weekend Market Dynamics
Data: Long-term Bitcoin holders increased holdings by 262,000 BTC in August, and the September market may break the previous year's decline
The latest report from the on-chain data analysis platform Spot On Chain shows that despite September being traditionally considered a weak month for Bitcoin, this year may break that trend. The data shows that long-term Bitcoin holders increased their holdings by 262,000 BTC in August, bringing the total to 14.82 million BTC, accounting for 75% of the total supply. At the same time, out of the top 10 anonymous Bitcoin wallets, 7 wallets have been inactive for over two years, holding a total of 237,816 BTC, worth approximately $14.04 billion, accounting for 1.2% of the circulating supply. In addition, major selling pressures from the German government, Mt.Gox, and others were released in July and August, with a total of 170,917 BTC sold. Analysts believe that these factors, along with potential demand for Bitcoin ETFs, may have a positive impact on the Bitcoin market in September.
Vitalik: Has not sold Ethereum for personal profit since 2018
Renowned trader Ansem stated on X platform that Vitalik has created the second most important project in crypto history and has the right to profit from it. In response, Ethereum co-founder Vitalik Buterin stated, "I have not sold and have only used the proceeds to support various projects that I believe are valuable, whether within the Ethereum ecosystem or in other charitable areas such as biomedical research."
Data: Pump.fun has sold over 250,000 SOL at an average price of $158, totaling approximately $40 million
According to monitoring by lookonchain, Pump.fun's total revenue has exceeded 680,000 SOL (approximately $91 million). Pump.fun has sold 254,074 SOL (approximately $40.26 million) at an average price of $158.
Sui Co-founder Clarifies: Monthly SUI unlock amount accounts for only 2.6% of the circulating supply, far lower than market speculation
Sui co-founder and CEO evan.sui responded to market rumors about "SUI's annual inflation rate exceeding 250%" on social media. Evan.sui stated that the actual monthly unlock amount of SUI accounts for only about 2.6% of the circulating supply, and this ratio continues to decrease. Evan.sui emphasized that SUI is one of the few proof-of-stake (PoS) public chains with a fixed supply, in sharp contrast to most other public chains with annual inflation rates between 5% and 8%. He welcomed criticism, believing it to be an important way to drive the project forward.
Telegram Founder: The company has about 50 employees, with programmers mainly from Ukraine
Telegram founder Pavel Durov stated that the company has only about 50 employees, including 30 rigorously screened engineers. Team members are selected through programming competitions, and the programmers in the team are mainly from Ukraine. An insider said that Telegram employees are usually "super young Eastern Europeans" with an annual salary of $500,000.
Polymarket's August trading volume exceeded $460 million, surpassing the total NFT volume on the entire chain
According to the latest data from The Block and CryptoSlam, the decentralized prediction market Polymarket's trading volume in August 2024 reached $463 million, surpassing the total NFT trading volume on all blockchains during the same period, which was $377 million. As the 2024 US presidential election approaches, Polymarket's active user base has continued to grow since May this year. The platform currently shows that Trump leads Harris by a slim margin of 50% to 48% in the probability of winning the election, and this prediction event has attracted over $770 million in bets.
DOGS will add two new token claim options to reduce network load and expedite the process
DOGS officials announced on the Telegram channel that two new token claim options will be added to the application on September 2 for users who have not yet claimed tokens:
Faster withdrawal, requiring payment in DOGS form of a small fee;
Slower withdrawal speed, but without a fee.
Upbit will support MATIC migration and replacement with POL, and will suspend its deposits and withdrawals on September 2
Upbit will support MATIC migration and replacement with POL, and is expected to suspend its deposits and withdrawals at 17:00 on September 2. Once the token migration and replacement are completed and the stability of the deposit and withdrawal coins is confirmed, a separate announcement will be made regarding the resumption of services.
Coinbase is developing a multifunctional SDK to empower bots and AI agents to execute cryptocurrency operations
Coinbase senior software engineer yuga.eth revealed on social media that the company is developing a comprehensive software development kit (SDK). This SDK aims to provide a wide range of cryptocurrency-related functions for bots and artificial intelligence agents, significantly expanding the possibilities for automated trading and asset management.
According to yuga.eth, this SDK will support the following functions:
Free sending of USDC
Trading various cryptocurrencies
Participating in prediction markets
Staking ETH, SOL, and other crypto assets
Bidirectional conversion between fiat and cryptocurrencies
Deployment and creation of NFTs
Asset bridging across L2 networks
Market Trends
Recommended Reading
Vitalik's Debate on DeFi: The Communication Gap Between 1% Developers and 90% Traders
Paradigm: Community as the Foundation, Building a Warm Crypto Community with Five Rules
Reflections on the Rise and Fall of Opensea: What Does the Destruction of the NFT Market Bring?
Starting from "Black Myth: Wukong," When Will GameFi Achieve Enlightenment?
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