Selected key news
1. Kanye West: The official token has been released.
2. glassnode: Bitcoin inflow shows signs of fatigue, the four-year crypto cycle may still hold.
3. The Launchpad platform Heaven has become the leading revenue protocol in the Solana ecosystem.
4. Binance Wallet released the Alpha airdrop August earnings report, with a single account reaching up to 1616 USD.
5. Camp Network Foundation X account posts for the first time, possibly hinting at an upcoming TGE.
Selected articles
1. (Some information and doubts about Kanye Coin YZY)
Lookonchain posted on social media that although Kanye West officially announced the launch of YZY, currently only YZY has been added to the liquidity pool, with no USDC. Developers can sell YZY by adding/removing liquidity, similar to LIBRA. Multiple insider wallets prepared funds in advance and immediately bought YZY after the announcement. Insider wallet 6MNWV8 knew the contract address in advance and even attempted to purchase yesterday.
2. (BIO launches V2, can the new Launchpad restart the DeSci craze?)
Once regarded as a pioneer of the "fusion of science and research with crypto," the leading DeSci track $BIO has been under pressure since its launch in January this year - despite backing from top investors including Vitalik and CZ, it has not escaped the dual impact of market conditions and liquidity, with its market value shrinking by 95% from its peak at the opening. It has become the focus of community dissatisfaction and skepticism, dragging down the track that once produced market cap legends like $RIF and $URO. However, with the recent official launch of BIO Protocol V2, introducing new mechanisms like Launchpad and staking points, the total staked amount surpassed 100 million BIO within a week of launch, rapidly doubling its market value to over 200 million USD, reigniting market interest and imagination in the DeSci track.
On-chain data
On-chain fund flow situation for the week of August 21
