DeFi Data
1. Total market value of DeFi tokens: $874.32 billion
DeFi total market value data source: coingecko
2. 24-hour trading volume of decentralized exchanges: $41.32 billion
24-hour trading volume of decentralized exchanges data source: coingecko
3. Locked assets in DeFi: $939.54 billion
Top ten rankings and lock-up amounts of DeFi project locked assets data source: defillama
NFT Data
1. Total market value of NFTs: $338.28 billion
Total market value and top ten market value ranking projects data source: Coinmarketcap
2. 24-hour NFT trading volume: $18.89 billion
Total market value and top ten market value ranking projects data source: Coinmarketcap
3. Top NFT sales in the last 24 hours
Top ten NFTs with the highest sales growth in the last 24 hours data source: NFTGO
Headline
Opinion: Trump may become the hope of the cryptocurrency industry in the 2024 election
According to reports, J.W. Verret, associate professor of Antonin Scalia Law School at George Mason University, stated that in the 2024 U.S. presidential election, cryptocurrency supporters may only have one choice – Donald Trump. The Biden administration has taken multiple measures to suppress cryptocurrencies, including encouraging banks to cut ties with cryptocurrency companies, treating developers as brokers, and prosecuting privacy protocol developers. In contrast, officials nominated by the Trump administration, such as CFTC Chairman Chris Giancarlo and SEC Commissioner Hester Peirce, are known for their support of cryptocurrencies. If Trump is re-elected, it is expected that he will continue to support the cryptocurrency industry.
NFT Highlights
1. U.S. judge rejects DraftKings’ request to dismiss collective lawsuit filed by NFT buyers
It was reported that a U.S. judge in Massachusetts rejected DraftKings’ request to dismiss a collective lawsuit filed by NFT buyers. The lawsuit claims that these tokens are investment contracts, laying the foundation for future court battles over whether NFTs are securities. DraftKings offers sports-themed NFTs on its marketplace through the Polygon blockchain.
2. Coinsilium partners with NFT developer Liteflow and launches a $1 million seed project funding program
According to reports, Web3 investment advisor Coinsilium Group Limited has partnered with NFT technology developer Liteflow and signed a memorandum of understanding (MoU) to announce a $1 million seed project funding program for pre-selected startups. The aim is to discover and support the next generation of leading Web3 projects, focusing on first-class DeFi, GameFi, and SocialFi applications. Both parties also plan to establish an investment committee, including jointly reviewed and pre-approved co-investors, granting priority to Coinsilium and Liteflow for seed investment opportunities, providing a competitive advantage in identifying and nurturing early-stage projects.
DeFi Highlights
1. RWA blockchain E Money Network launches a $2 million funding program
It was reported that E Money Network announced the launch of a $2 million RWA funding program to promote the development of the RWA ecosystem. E Money Network is a modular RWA blockchain that provides developer-friendly SDKs and standardized modules such as KYC verification, banking, staking, and governance, supporting cross-chain communication and compliance. The program invites development teams to submit proposals for RWA applications, with eligible projects receiving funding ranging from $5,000 to $50,000, as well as guidance from industry experts, legal and compliance support, and marketing resources.
2. Arbitrum DAO to hold token reauthorization event from July 17th to 23rd
On July 3rd, Arbitrum announced on its forum that it will hold a token (re)authorization event from July 17th to July 23rd. The event aims to strengthen community participation in DAO decision-making processes and encourage ARB token holders to re-evaluate and allocate their voting rights to the most suitable representatives.
3. Decentralized cloud platform OORT receives funding from Microsoft
It was reported that the decentralized physical infrastructure network OORT will receive significant support and integration from OpenAI, enabling them to enhance AI capabilities and provide more practicality for OORT’s Datahub product. OORT also plans to integrate strategically with Microsoft for storage and computing, enhancing OORT’s storage and computing solutions. This move will strengthen OORT’s storage and data processing capabilities.
4. Solana ecosystem Meme project Pandiana completes a $500,000 Pre-Seed round of financing, with participation from YNK Capital
It was reported that the Solana ecosystem Meme project Pandiana has announced the completion of a $500,000 Pre-Seed round of financing, with participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the Meme concept with the concept of play-to-earn, while using the new funds to expand the influence of the Solana ecosystem and launch the PNDA token presale this week.
5. Ethereum client Geth releases version 1.14.6
According to reports, the Ethereum Go language client Go Ethereum announced on social media that the Ethereum client Geth has released version 1.14.6. This update includes experimental witness build verification code used in the “Crosslink Validation” proposal.
Gaming Highlights
1. Metaverse developer Playbux launches L1 gaming chain
It was reported that Web3 metaverse developer Playbux has now launched a Layer-1 zero-gas fee gaming blockchain driven by artificial intelligence.
2. Pixelverse to add Solana’s meme coin character MEW in the game
According to reports, the Web3 gaming ecosystem Pixelverse will add the Solana-based meme coin character MEW to its real-time game. This move may attract new users from the Telegram ecosystem, where the Pixelverse game also operates. MEW will be the first Solana-based meme coin to be launched on TON. Players on Pixelverse can win token rewards by using in-game bots or characters, and the game is estimated to have 35 million active players. Other featured characters on Pixelverse include the dog character from Dogecoin.
Disclaimer: As a blockchain information platform, the content of the articles is for reference only and should not be taken as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
