DeFi Data
1. Total market value of DeFi tokens: $165.263 billion
Total market value of DeFi. Data source: coingecko
2. Trading volume on decentralized exchanges in the past 24 hours: $10.768 billion
Trading volume on decentralized exchanges in the past 24 hours. Data source: coingecko
3. Locked assets in DeFi: $148.668 billion
Top ten rankings of locked assets in DeFi projects and locked amounts. Data source: defillama
NFT Data
1. Total market value of NFTs: $22.624 billion
Total market value of NFTs and top ten projects by market value. Data source: Coinmarketcap
2. 24-hour NFT trading volume: $2.67 billion
Total market value of NFTs and top ten projects by market value. Data source: Coinmarketcap
3. Top NFTs in the last 24 hours
Top ten NFTs by sales increase in the last 24 hours. Data source: NFTGO
Headlines
Goldman Sachs expects the Federal Reserve to cut interest rates three times this year
Golden Finance reports that Goldman Sachs expects the Federal Reserve to cut interest rates three times this year, with anticipated cuts in September, October, and December, due to weak job growth in the U.S. Analysts point out that the number of new jobs has slowed to around 30,000 per month, far below the approximately 80,000 required for full employment, and future data revisions may be negative. They believe the risks come not only from trade and immigration, but compensatory hiring is fading, with growth in most industries approaching zero. Goldman Sachs warns that despite the unemployment rate remaining stable, even a slight slowdown in the labor market is concerning. If the unemployment rate shows a more significant increase, it could trigger a larger cut of 50 basis points.
MEME Hot Topics
1. $9.19 million PUMP transferred from the token distribution address at pump.fun to OKX
Golden Finance reports that according to on-chain analyst Yu Jin's monitoring, 2 hours ago, 2.5 billion PUMP ($9.19 million) were transferred from the token distribution address at pump.fun to OKX.
DeFi Hot Topics
1. BitMine's cryptocurrency holdings exceed $6.61 billion, including 1.52 million Ethereum
Golden Finance reports that according to market news released by @cryptounfolded: BitMine's cryptocurrency holdings exceed $6.61 billion, including 1.52 million Ethereum (ETH).
2. Circle issued 1.25 billion USDC on Solana in the past 7 days
Golden Finance reports that according to a chart released by @Cointelegraph, Circle issued 1.25 billion USDC on Solana in the past 7 days.
3. Ethereum liquidation scale is approaching $5 billion
Golden Finance reports that according to a chart released by @coinbureau, Ethereum's liquidation scale is approaching $5 billion, with Ethereum's trading price today around $4,200. At the same time, there are large-scale liquidation clusters at the $2,150-$2,160 and $3,940 price levels. Andrew Kang warns that large-scale long liquidations may drag Ethereum ($ETH) down to the $3,200-$3,600 range.
4. Trading volume on the X Layer network has decreased by 12.86% in the past 24 hours, falling to $37.348 million
Golden Finance reports that according to Geckoterminal data, trading volume on the X Layer network has decreased by 12.86% in the past 24 hours, falling to $37.348 million; the number of transactions was 238,200, down from yesterday's data (268,300). The market cap of the leading meme coin XDOG is currently reported at $10 million, with a 24-hour decline of 10%.
5. Solana founder: Privacy is not a core factor of product-market fit (PMF)
Golden Finance reports that some community users pointed out that the 'current biggest problem in DeFi' is the lack of tokens with sustainable income and demand, insufficient privacy, and the lack of unsecured lending, which are major challenges. In response, Solana founder Toly commented that privacy is not a core factor of product-market fit (PMF) and is not enough to significantly change user behavior.
6. Voting has begun on the LayerZero Foundation's acquisition proposal for Stargate, with a current support rate of 97.07%
Golden Finance reports that the voting on the LayerZero Foundation's acquisition proposal for Stargate has begun, with a current support rate of 97.07%. Voting will end on August 24.
Disclaimer: As a blockchain information platform, Golden Finance's published articles are for informational reference only and do not constitute actual investment advice. Everyone should establish the correct investment philosophy and must improve their risk awareness.