Golden Web3.0 Daily | Tether issued an additional 1 billion USDT in Ethereum

DeFi data

1. Total market value of DeFi tokens: $42.422 billion

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

2. The trading volume of decentralized exchanges in the past 24 hours is 3.311 billion US dollars

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

3. Assets locked in DeFi: $43.07 billion

Data source: defillama

NFT data

1. Total market value of NFT: $14.816 billion

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

2. 24-hour NFT trading volume: 1.172 billion **** 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

Tether issued an additional 1 billion USDT on the Ethereum network

News on June 12, according to Whale data, the stablecoin issuer Tether issued an additional 1 billion USDT on the Ethereum network at 15:56:47 today. Paolo Ardoino, chief technology officer of Tether, added that this is an authorized but unissued transaction on the Ethereum network, which means that this additional issuance will be used for the next issuance request and on-chain interaction.

***NFT/Digital CollectionHot Spot

1. Bitcoin protocol Ordinals has launched recursive inscriptions, allowing the size of inscriptions to exceed the 4MB limit

On June 12, Raph, the new chief maintainer of the Bitcoin protocol Ordinals, recently merged the recursive inscription No. 2167 update proposed by Casey Rodarmor, the creator of the Bitcoin protocol Ordinals, into the Ordinals code on Github. According to developer Leonidas.og, inscriptions can now use the special /-/content/:inion_id syntax to request content from other inscriptions. This simple change unlocks many powerful use cases.

2.Fidenza #158 NFT sold for 212 ETH

According to news on June 12, at 10:27:59 on June 12, Beijing time, the Fidenza series Fidenza #158 NFT created by artist Tyler Hobbs was sold for 212 ETH (about 370,000 US dollars).

3. Security company: Be alert to two potential phishing attacks against the NFT lending protocol Blend

According to news on June 12, the Web3 anti-fraud platform Scam Sniffer tweeted that because Blur’s NFT lending protocol Blend introduced two new EIP712 messages, namely SellOffer and LoanOffer, users should pay attention to the information based on these two types of messages. Potential phishing attack. Bad actors can provide malicious loans to junk NFT based on LoanOffer. If users sign it, they risk losing Blur ETH; bad actors can make a malicious sale offer with suspicious price based on SellOffer. If users sign it, they will lose their Lent NFT. Remind users to understand what they signed and pay attention to safety.

4. Optimism launches Bedrock commemorative NFT

Jinse Finance reported that Optimism tweeted, “To commemorate the Bedrock upgrade, we will release an open NFT with manifoldxyz. Minting will be closed at 11:59pm UTC on Friday, June 16th, so you only have a little over a week to collect This is the history of Optimism." According to previous news, Optimism completed the mainnet Bedrock upgrade in the early morning of June 7.

5. It is reported that Xiaohongshu suspends the sales of digital collections, and the customer service responds "support normal sales"

News on June 12, recently, there are rumors that Xiaohongshu officially issued an announcement on May 4, saying that the platform will suspend the sale of "R-digital collections" (including R-digital works, virtual goods of R-digital avatars) , and at the same time close the publishing and editing permissions of this category of products. Merchants are required to conduct self-inspection before May 15 and remove related products by themselves; and announced in the announcement that the rules will take effect on May 18.

DeFi Hotspot

1. Binance Margin and Binance Earn system upgrade postponed to June 20

Jinse Finance reported that according to official sources, the Binance Margin and Binance Earn system upgrades originally scheduled for 14:00 on June 13, 2023 will be postponed to 14:00 on June 20, 2023, and the upgrade is expected to take 1 hour.

2. Tether CTO: The minting of USDT on Ethereum is to balance USDT liquidity on different chains

Jinse Finance reported that in response to Tether’s previous issuance of 1 billion USDT on Ethereum, Paolo Ardoino, chief technology officer of Tether, said that although some people believe that the minting of new USDT is a catalyst for increasing the demand for cryptocurrencies, the minting of new USDT is aimed at Balance the liquidity of USDT on different chains. For example, an exchange may hold a large amount of USDT on Tron, but needs to process USDT withdrawals on Ethereum, so such third parties require chain swaps.

3. Paidun: The root cause of the attack on Sturdy Finance is that there is a vulnerability in the cB-stETH-STABLE price oracle machine

On June 12th, according to Paidun’s analysis, the root cause of Sturdy Finance’s attack was the vulnerability of the price oracle machine used to calculate the asset price of cB-stETH-STABLE. Earlier today, it was reported that according to Paidun monitoring, the DeFi lending protocol Sturdy was hacked. The attack may be carried out through price manipulation. The attacker has transferred 442.6 ETH (worth about 770,000 US dollars) to Tornado Cash.

4.Nostr launched a decentralized social application with new Bitcoin features

Jinse Finance reports that video game payment company Zebedee today migrated its main ZBD application to Nostr, a decentralized platform that competes with Twitter. This move will ultimately allow Zebedee users to seamlessly move from the ZBD app to any of the dozens of existing Nostr apps. Unlike traditional social networks, which control user identities, integration with the open-source Nostr protocol could dramatically drive adoption by enabling any of the 18 million registered Nostr users to join the app. Andre Neves, co-founder and CTO of Zebedee, said the ZBD app is now a fully functional Nostr client.