🍳 GM Frens!

Welcome back to your weekly dose of web3 insights! Your go to source for everything DeFi, RWAs, and Zivoe.

Here’s what we’ve got for you today:

1. Market Movements

2. Bite-Sized Bits

3. 6 Days To Launch

4. Zivoe In The News

5. Memes Of The Moment

📉 Market Movements

“Be fearful when others are greedy, and be greedy when others are fearful.”

🟠 Bitcoin: $58,476.21 (- 3.09%)

🔵 Ethereum: $2,604.90 (- 0.50%)

🟣 Solana: $140.95 (- 8.75%)

🟡 Fear & Greed Index: 27 (Fear)

🍪 Bite-Sized Bits

The results are in, and “Bring Back The Summaries” won! Enjoy!

💰 DeFi

Maker DAO To Offboard WBTC Amid Wrapped Bitcoin Restructure
Maker DAO is in discussions to remove WBTC as a collateral asset for DAI after BitGo, the custodian behind WBTC Bitcoin, plans to transfer control over WBTC to a joint venture comprising itself, BiT Global, and Justin Sun.

Curve Finance Reduces CRV Emissions 
Curve Finance has announced the annual reduction of its native CRV token emissions. In 2020, emissions were 274M CRV / year. Today emissions are 137M CRV / year.

Coinbase cbBTC Announced Amid BitGo WBTC Controversy
Coinbase teases the launch of a new product called “cbBTC.” Speculators suspect that cbBTC could be a replacement for WBTC.

Olympus Introduces Novel “Leveraged Buyback-n-Burn Mechanism”
Olympus uses revenue to buy OHM from its own OHM-ETH Pool, deposits the OHM to MakerDAO, borrowers against it, buys more OHM, and repeats the process.

Eric Trump to launch a crypto initiative, related to "digital real estate" Alongside the announcement, The Trump Organization launched a Telegram channel for the upcoming project called the 'Defiant Ones.’

Uniswap’s cumulative front-end revenue surpasses $50 million
Last October, the platform enacted a 0.15% fee for users transactioning on its web/mobile app. In mid-April, Uniswap hiked to 0.25%. Following this report, Uniswap announced a $2.35M community audit competition.

EigenLayer to add ERC-20 tokens as restakable assets
Soon it will be possible to use any ERC-20 token as a “proof-of-stake“ asset.

🏗️ L1/L2 & Infrastructure

dYdX Chain to allow users to list ‘virtually unlimited’ markets in upcoming upgrade
Users will be able to list any asset with an oracle price on Raydium, Ethereum, Base, or any centralized exchange. Users who want to launch new markets on dYdX deposit USDC into MegaVault, which is its new “master liquidity pool."

PayPal’s PYUSD Becomes Sixth Largest Stablecoin After Solana Surge
PayPal’s USD stablecoin is enjoying a surge in growth after launching on Solana. The market cap of PYUSD, PayPal’s stablecoin, is up 97% in the past 30 days, according to CoinGecko.

Circle proposes new capital-risk framework for Stablecoins
Circle, recently published a whitepaper, titled Risk-Based Capital for Stable Value Tokens, proposing a new risk-based capital management model for stablecoins and other digital cash tokens.

TON Ventures Spins Out Of TON Foundation After $40 Million Raise
TON Ventures aims to connect investors and developers within the TON ecosystem.

OKX Wallet expands Solana Blinks to EVM-compatible chains
The new integration with Blinks (Blockchain Links) will allow users of OKX Wallet to perform onchain transactions across blockchains without leaving social media platforms.

MetaMask launches pilot self-custody debit card with Mastercard
The card allows users to self-custody their funds until the moment the transaction is processed and the customer’s digital assets are converted into fiat for payment at retail outlets, online shopping outlets and other merchants.

Bitget Wallet overtakes MetaMask by downloads
The Bitget Wallet app amassed 1.6 million downloads in July 2024, beating MetaMask by 100,000 downloads.

🧑‍⚖️ Regulation & Compliance

Crypto influencers on notice after FTC bans fake likes and followers
New rules from the FTC mean crypto influencers will face stiff fines for fake followers and likes, while celebrity testimonials are also in the firing line.

🚀 6 Days To Launch

Attention Zivoenauts! We are now just 6 days away from the Initial Tranche Offering (ITO) and we couldn’t be more excited. The ITO will commence on August 22nd at 11:00 AM EST (3:00 PM UTC) and run through September 21st!

During the event, you can deposit stablecoins to our Senior and Junior Tranche to start earning $ZVE airdrop points! To learn more about the event, check out our docs and watch the video below!

Ready to get in on the action? You can head over to our dApp right now to begin exploring. And for U.S. Persons, you can get ahead of the game by completing your KYC and Accreditation today, so you’re ready to go on day 1 without any delays 🚀🚀🚀

📰 Zivoe In The News

🐸 Memes Of The Moment

📲 Join The Fight Against High Interest Lending

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