Orderly Network Airdrop Set for August | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Bitget releases July transparency report: Total trading volume for July reaches $204.3 billion, a month-on-month increase of 7.2%.
• BitMEX's prediction market launches a new political category with four new political predictions related to the U.S. presidential election, including whether Donald Trump will win and if Gary Gensler will resign or be fired before his term ends.

2. Cryptocurrency Trends:

• DWF Labs partners with the Turkish community KOLS.HOUSE to expand into the Turkish market. The collaboration involves strategic marketing plans and community management.
• Orderly Network to launch its airdrop in August, with 55% of ORDER allocated for ecosystem development (including airdrops). Orderly has generated more than $8 million in net fees, with 60% continuing to accrue to ORDER stakers.
• Ripple begins beta testing its new stablecoin RLUSD on the XRP Ledger (XRPL) and Ethereum mainnet. RLUSD is currently in the beta testing phase and cannot be purchased or traded.
• Grayscale Sui Trust is now open to qualified investors. As of August 8, 2024, the net asset value per share is $11.42, with a management fee of 2.50%.
• MakerDAO: (1) MakerDAO proposes "reducing WBTC collateral", a proposal set to be voted on August 12 to limit the growth of the WBTC collateral size and reduce risk. (2) Currently, over 41% of WBTC is used for lending, with MakerDAO being the largest user.
• Canto, a Cosmos-based Layer 1 blockchain, experiences an outage following its Callisto upgrade on Saturday and is set to reboot its network.

3. Financing Trends:

• UniWorlds, a Bitcoin ecosystem blockchain gaming infrastructure project, raises an undisclosed amount in seed round funding led by UniSat.
• Televerse, a TON blockchain game, raises $1 million in seed round funding led by Summer Capital.
• 375ai, a Solana edge data intelligence network, raises $5 million in seed round funding led by 6MV.
• Chateau, a DeFi protocol, raises an undisclosed amount in seed round funding led by Hack VC.

4. Regulatory Trends:

• Thailand’s Securities and Exchange Commission (SEC) introduces the Digital Asset Regulatory Sandbox to facilitate experiments and the development of new digital asset services.
• The Turkish Capital Markets Board (CMB) announces that 47 cryptocurrency companies have applied for licenses under new regulations, including Binance TR, OKX TR, and Bitfinex.
• Peru issues VASP regulations to control and prevent criminals from using virtual asset platforms for illegal purposes.