Golden Web3.0 Daily | Proposal: Hong Kong should issue Hong Kong dollar stable currency

DeFi data

1. Total market value of DeFi tokens: $49.929 billion

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

2. The trading volume of decentralized exchanges in the past 24 hours was 3.9526 billion US dollars

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

3. Assets locked in DeFi: $45.712 billion

Data source: defillama

NFT data

1. Total market value of NFT: $17.793 billion

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

2. 24-hour NFT trading volume: 1.646 billion **** USD

24-hour NFT trading volume, data source of top ten projects by trading volume: Coinmarketcap

3. Top NFT within 24 hours

Top 10 NFT sales within 24 hours Source: NFTGO

Headline

Vice President of Hong Kong University of Science and Technology and Cai Wensheng: Proposal for Hong Kong to issue Hong Kong dollar stable currency backed by foreign exchange reserves

Wang Yang, vice president of Hong Kong University of Science and Technology, Cai Wensheng and others provided policy suggestions to Hong Kong, China, advocating that the SAR government should issue Hong Kong dollar stable currency guaranteed by Hong Kong's foreign exchange reserves to promote financial technology innovation, enhance the competitiveness of the financial market, and optimize the use of foreign exchange reserves , and took a substantial step towards de-dollarization. Only in this way can Hong Kong maintain its competitive advantage in the digital economy era.

***NFT/Digital CollectionHot Spot

1. The NFT auction proposal of the BendDAO treasury fund participation agreement has been approved by 360,000 votes, which has reached 40% of the approval requirements

According to the snapshot, the BendDAO treasury fund participation agreement NFT auction proposal has been approved by 360,000 votes, and the current support rate is 100%, which has reached 40% of the 920,000 votes required for approval. The voting will end on July 6.

According to previous reports, the BendDAO community proposal plans to use its DAO treasury (including assets such as ETH and USDT) to participate in the auction. This proposal aims to cover potential floating losses, increase user confidence and help maintain market stability.

**2.**NFT giant whale dingaling: Still believe in the Azuki team, optimistic that Azuki will fix the price within a few months

NFT giant whale dingaling stated on its social platform that it has had a lot of exchanges with the Azuki team in the past few days. Although it did not perform well on the Elementals incident, the team is trying its best to make things right. Dingaling believes that after the team strengthens communication and releases new things, the community sentiment will improve, and believes that Azuki has a great chance of price recovery in the next few months.

3. Huang Licheng accumulated 84 Azuki and became the second largest holder of this NFT

According to Lookonchain monitoring, in the past 24 hours, Huang Licheng's address machibigbrother.eth has accumulated 84 Azuki, becoming the second largest holder of Azuki. He spent 646 ETH to buy 108 Azuki at an average price of 5.98 ETH; he sold 24 Azuki at a price of 133.5 ETH at an average price of 5.56 ETH.

4. The founder of Not Larva Labs: There is evidence of Azuki's joint creation of Zagabond fraud, and he is willing to testify in court

NFT market Not Larva Labs founder Jeremy Cahen (Twitter nickname PAULY) tweeted: "I would love to help the Azuki community take legal action against Azuki co-founder Zagabond. He is a pathological liar and serial criminal. I Spent over a year with my colleagues to track him down to recover funds worth 3 million USDC that he defrauded. He and his team fraudulently withdrew more than 100 million USD worth of funds from our community. I Would love to testify about all of this in court, and I also have full personal information on many of the team members involved in these scams."

According to yesterday's news, AzukiDAO initiated a proposal to "hire a lawyer to recover 20,000 ETH from the founder Zagabond and initiate a lawsuit against it". It is reported that Jeremy Cahen was previously involved in a copyright infringement case initiated by Yuga Labs due to digital artist Ryder Ripps, and the case was settled with Yuga Labs' victory.

**5.**A user in the encryption community discovered that members of the Azuki team began to sell the Azuki NFT they held

Encryption community user @Gojo0x disclosed on social media that Azuki team software engineer @heyskylark has sold several Azuki NFTs. According to the sales information released by @Gojo0x, the wallet marked larks-vault has sold Azuki #52 and Azuki #8419, of which Azuki #52 is the wallet tagged TeamAzuki transferred to @heyskylark wallet five months ago, @heyskylark announced in February this year that he joined Chiru Labs, Azuki's parent company, as a software engineer.

DeFi Hotspot

1. The average salary of a DeFi engineer still jumps to around $180,500

According to Durlston Partners, despite market volatility and the collapse of the cryptocurrency market, the average salary of a DeFi engineer will still jump to around $180,500 by the end of 2022. DurlstonPartners said in its report that due to the highly specialized skills required for the job, The scarcity of DeFi talent has led to a fiercely competitive landscape, with employers offering attractive compensation packages to attract and retain top talent. Despite declining confidence in crypto companies and a frozen market, experienced engineers have proven indispensable for the continuity of business operations, leading to stable salaries in the DeFi space.

Durlston pointed out that the DeFi world is maturing, so there is a growing demand for talents with more expertise and experience. This leads to higher salaries. This trend will keep wages growing steadily until 2023.

2. Founder of Shapeshift: DeFi has solved the regulatory clarity problem of altcoins

Shapeshift founder and long-time Bitcoin advocate Erik Voorhees believes that DeFi has solved the problem of regulatory clarity, prohibiting people from owning or trading most cryptocurrencies. Voorhees said that DeFi is "permissionless" in nature, meaning that if people want to trade and own altcoins that are not listed on a centralized exchange, they can turn to a decentralized protocol. DeFi protocols do not require explicit regulatory or operating licenses, and there is little that governments can do to intervene beyond making DeFi-related transactions illegal.

3. Security company: The root cause of Poly Network’s attack may be that three-quarters of the administrator’s private key was stolen

The security company Dedaub stated in a blog post that the root cause of the attack on the cross-chain interoperability protocol Poly Network is not a logic error in the smart contract, but most likely, the private keys of three-quarters of the Poly Network administrators were stolen or be abused.

Dedaub also mentioned that it took Poly Network seven hours to respond to the attack, while the attacker orchestrated several transactions across multiple chains to take advantage of this. So far there is no clear evidence that private keys were stolen, it could have been a Rug Pull, or it could have been compromised off-chain software running on three out of four admins. If the Poly Network developers do confirm that the attack was linked to a compromised signing key, it would call into question the applicability of a centralized cross-chain bridge that controls so much funds. Monitoring isn't perfect.

4.Poly Network: 57 assets on 10 blockchains have been affected by hacker attacks, the project team should withdraw liquidity as soon as possible

Poly Network, a cross-chain interoperability protocol, tweeted that its services will continue to be suspended, imploring network security professionals to provide professional help. The attack caused 57 assets on 10 blockchains to be affected, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Optimism, Arbitrum, Gonosis, Heco, OKX, etc.

Poly Network stated that it has communicated with CEX and law enforcement agencies to seek help, hoping to cooperate with attackers to return user assets and avoid potential legal consequences. At the same time, in order to minimize further risks, Poly Network has contacted most project teams, urging them to withdraw liquidity from DEX, and recommending that users holding affected assets withdraw liquidity and unlock their LP tokens as soon as possible.

5. Lido Finance has implemented Proposal 161 and is currently the 13th largest stETH holder

Tom Wan, an on-chain data analyst of 21.Co, the parent company of 21 Shares, disclosed on social media that Lido Finance has implemented Proposal 161. Pledged all ETH (about 20,300 pieces) to the vault and exchanged it for stETH. At the time of writing this article, Lido Finance has become the 13th largest stETH holder, holding a total of about 33,000 stETH. The current ratio of Lido Finance’s treasury is: stETH accounts for 20.7% (worth about 63 million U.S. dollars), and LDO accounts for 75.7% (worth approximately $231 million); account balances are: w/LDO (valued at approximately $304.7 million), w/o LDO (valued at approximately $72.5 million). Steakhouse, the financial working group of LidoDAO, submitted the public opinion governance proposal TMC-0 at the end of May, suggesting to pledge all ETH in the treasury in Lido, and pointed out that the annual rate of return of about 20,000 ETH is 4% to 6%, and the income is close to 2 million US dollars per year , It is reported that the Lido community has voted to approve the proposal to pledge all ETH in the vault in Lido yesterday.