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VC increases holdings in $OP and $DYDX | Crypto Daily News Summary Aug. 25

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TokenInsight
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2 years ago
AI summarizes in 5 seconds.

According to the well-known DeFi analyst, The DeFi Investor, some venture capital institutions, including Amber Group and CMS Holding, have started buying $OP and $DYDX.

Due to the success of Base, $OP has recently received a lot of attention. Base is built on the OP Stack based on Optimism. In the past few days, the daily transactions of Base have even exceeded Arbitrum.

Base records more transactions than Arbitrum, and the contract deployment volume is several times that of Arbitrum and Optimism

In the current cold market, Friend.tech on Base has not only attracted attention from the crypto field, but also attracted non-crypto KOLs with millions of fans from X (Twitter) and OnlyFans.

On the other hand, $DYDX plans to launch Dydx v4 in the coming months, which will adopt a revenue sharing model to enhance the utility of the $DYDX token.

The founder stated that all fees of dYdX v4 will go to validators/stakers

Today's Market

Source: TokenInsight Gainers and losers

Today's Highlights

Base and Optimism enter into revenue sharing and governance sharing agreement

Hong Kong Monetary Authority: studying the regulatory framework for digital HKD and exploring tokenization of bank deposits

Hong Kong HashKey Exchange to start serving retail clients on Monday, in talks with brokerages to connect crypto trading to brokerage platform

Other Notable Information

Coinbase adds PayPal USD ($PYUSD) to listing roadmap

Aave pauses GHO minting due to technical issue

Mastercard to terminate crypto card partnership with Binance

Ledn provides compliant path to Cayman Islands permanent residency through crypto

Side Protocol integrates with Injective to unlock mesh liquidity networks

$LDO to complete final token unlock on August 26

TokenInsight's Latest Reports and Courses:

Platform Token Tracking Report Aug 2023: Platform tokens play an important role in the crypto industry as the core of digital asset trading platforms. What are the new trends in platform tokens as $FTT gradually exits the historical stage? Let's find out together.

Memecoin Playbook: How to spot and trade memecoins - What are memecoins all about? Which memecoins should you buy? How to control trading risks? This guide will help you understand everything in 15 minutes.

Top Telegram Bots for Cryptocurrency: This article will briefly discuss Telegram Bot-related projects and categorize these projects to help you quickly understand the uses of these bots.

TokenInsight Product Usage Guide:

How to download cryptocurrency historical data for free using TokenInsight?

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