DeFi Data

1. Total Market Capitalization of DeFi Tokens: $166.734 Billion

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DeFi Total Market Capitalization Data Source: Coingecko

2. Trading Volume of Decentralized Exchanges in the Past 24 Hours: $96.09

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Trading Volume of Decentralized Exchanges in the Past 24 Hours Data Source: Coingecko

3. DeFi Total Locked Assets: $156.474 Billion

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Top Ten DeFi Projects by Locked Assets and Locking Volume Data Source: Defillama

NFT Data

1. Total NFT Market Capitalization: $22.096 Billion

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Total NFT Market Capitalization, Top Ten Ranked Projects Data Source: Coinmarketcap

2. 24-Hour NFT Trading Volume: $2.887 Billion

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Total NFT Market Capitalization, Top Ten Ranked Projects Data Source: Coinmarketcap

3. Top NFTs in 24 Hours

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Top Ten NFT Sales Growth in 24 Hours Data Source: NFTGO

Headlines

Guotai Junan International Launches Cryptocurrency Trading Services

Golden Finance reports that Guotai Junan International has announced the launch of cryptocurrency trading services for clients, allowing for instant trading of currencies including Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Chainlink (LINK), and Solana (SOL); qualified professional investors may further choose to trade Ripple (XRP), Tether (USDT), USD Coin (USDC), and other products. Guotai Junan International received approval from the Securities Regulatory Commission in June this year to upgrade its Class 1 (securities trading) licensed activities to offer virtual asset trading services, allowing clients to directly trade cryptocurrencies and stablecoins on the Guotai Junan International platform.

DeFi Hotspots

120 million USDT transferred from an unknown wallet to Aave

Golden Finance reports that, according to Whale Alert's monitoring, at 17:32, 200 million USDT ($200,280,000) was transferred from an unknown wallet to Aave.

2. On-Chain Detective ZachXBT: Will no longer assist the XRP community, as it has not brought any value to the industry.

Golden Finance reports that 'On-Chain Detective' ZachXBT has stated that he will no longer provide any assistance to the XRP community. ZachXBT believes that XRP holders have not brought any value to the industry aside from providing exit liquidity for insiders, and thus are not worth supporting. He also stated that this view applies to projects like Cardano, Pulsechain, and Hedera.

3. Silicon Valley Law Firm Fenwick & West Denies Involvement in FTX Collapse

Golden Finance reports that the well-known Silicon Valley law firm Fenwick & West has formally rebutted allegations that it played a key role in the collapse of the cryptocurrency exchange FTX. The firm argued in a court document that its involvement was limited to providing routine legal services, and those allegations (claiming it promoted FTX tokens and designed questionable founder loan schemes) lack basis and are misleading. The document also criticized the amended class action lawsuit for reiterating previously dismissed claims and compared such allegations to similar ones made against the law firm Sullivan & Cromwell.

4. Solana's Proposal 'Achieve 150ms Block Finality Major Consensus Upgrade' has entered the voting stage

On August 28, it was reported that according to the relevant governance page, the proposal for Solana to 'Achieve 150ms Block Finality Major Consensus Upgrade' (SIMD-326) has entered the voting stage. The voting rule is that the proportion of votes in favor must reach 2/3 of the total votes (in favor + against) to pass. The current voting participation rate is about 9.87%, with about 9.758% in favor.

5. Aave Labs' Stablecoin Lending Platform Horizon has gone live on the Ethereum chain

Golden Finance reports that Aave Labs Business Director @defisebs announced on platform X that its stablecoin lending platform Horizon has gone live on the Ethereum chain.

6. Philippine Senator Proposes to Put National Budget on the Blockchain

Golden Finance reports that Philippine Senator Bam Aquino hopes to connect the national budget to a blockchain platform, stating that this move will allow every peso expenditure to be tracked by the public. 'No one would rashly connect their transactions to the blockchain - on the blockchain, every operational step will be recorded and made public. But we hope to initiate this attempt.' Aquino said this during a statement at the Manila Tech Summit on Wednesday. 'If successful, I believe we will be the first country to realize a national budget on the blockchain.' Aquino added that he is currently unsure of the level of support he might receive.

Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. We urge everyone to establish a correct investment concept and to enhance risk awareness.