Synthetix has launched SNAXchain, an app chain aimed at providing cross-chain liquidity and trading fee revenue for SNX stakers and on-chain trading products.

Last week, the SPX index was down by 4.25%, The decline was led by semiconductor and energy stocks, as weak US manufacturing and labor market data heightened concerns about a slowing economy. Investors are now awaiting key inflation data, which could influence the Federal Reserve’s upcoming interest rate decision. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.35%, with Bitcoin and Ether rising by 0.09% and 0.15%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 8.5% following the launch of Sonic Labs' testnet with 106 million transactions and a developer bounty program.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

, processing over 106 million transactions. The testnet achieved 70 million blocks with an average block time of 0.45 seconds and a finality time of 0.76 seconds, making it one of the fastest EVM blockchains. The FTM token, set to be replaced by the S token, dropped 1.2% to $0.37 despite a recent upward trend. Sonic Labs focuses on dApp development, while the Sonic Foundation oversees governance. The rebrand follows a $10 million funding round, and Sonic Labs also introduced a bounty program, Sonic Boom, to encourage developer participation until Nov. 4.

Check Out the Latest Prices, Charts, and Data of 

, an app chain aimed at providing cross-chain liquidity and trading fee revenue for SNX stakers and on-chain trading products. Initially serving as a governance hub for Synthetix’s deployments on Ethereum and L2 networks like Optimism, Arbitrum, and Base, SNAXchain plans to expand functionality to include SNX staking and cross-chain liquidity by Q4. Built on Optimism’s Superchain, SNAXchain uses Conduit and Wormhole for cross-chain messaging. Synthetix aims to differentiate itself in Arbitrum’s DeFi derivatives market by accepting various tokens as collateral.

From September 2-6, 2024, BTC Spot ETF experienced a total net outflow of $706.1 million, with $160.7 million from GBTC-related investments and $545.4 million from non-GBTC investments. The current total stands at a net of $16.9 billion, combining $20.0 billion in GBTC outflows and $36.9 billion in non-GBTC inflows.

 a 500 million token supply with 10% allocated for an airdrop. The first distribution, on August 9th, was in the form of NFTs, redeemable for tokens at TGE. The project's treasury holds 57%, with some reserved for future airdrops. To be eligible for future airdrops, users can register a name, link it to their SUI wallet, and set it as their default.

Beginner

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Synthetix Launches SNAXchain for Cross-Chain Liquidity and Governance

EtherVista, a new decentralized exchange (DEX) launched on August 31, has seen its VISTA token surge over 40x in four days. 

Daily Top Performer — Sui Network (SUI)

The SPX index was down by 0.3%, as mixed labor data raised concerns about the economy and potential Fed rate cuts. Weak private payroll growth contrasted with a decline in unemployment claims, leaving investors uncertain ahead of the August jobs report. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.24%, with Bitcoin and Ether dropping by 3.52% and 3.57%, respectively in the past 24 hours.

Today's top performer is SUI, which surged 4.1% following the AUSD stablecoin launch on Sui, boosting its DeFi ecosystem and liquidity.

Sui Network (SUI), launched on May 3, 2023, is a Layer 1 blockchain designed by Mysten Labs to enhance web3 functionality and scalability, focusing on smart contract efficiency and NFT gaming development. The project is led by former Meta executives from the Novi digital wallet team. 

, enhancing Sui’s DeFi ecosystem with its first institutional-grade US dollar stablecoin. AUSD, already successful on Ethereum and Avalanche with nearly $60M minted and high daily DEX volume, adds utility and liquidity to Sui. The integration leverages Sui’s scalable infrastructure, aiming to boost DeFi innovation and accessibility. AUSD’s deployment on Sui supports its growth and expands its global network and liquidity.

 highlights its no-code token launchpad designed to reduce rugpulls with customizable creator fees that incentivize transaction volume. This approach helps prevent rapid sell-offs by malicious actors. The VISTA token, capped at 1 million and featuring a deflationary mechanism, benefits from protocol fees that reduce supply and bolster its value. EtherVista also plans to expand into ETH-BTC-USDC pools for lending and other financial services.

Yesterday, total outflows for BTC Spot ETFs reached $211.1 million, with $23.2 million from GBTC and $187.9 million from non-GBTC funds.

The Eigen Foundation behind Ethereum restaking protocol EigenLayer is launching a 

 on September 17, distributing 86 million tokens to users and contributors. Of these, 70 million will go to stakers and node operators, 10 million to ecosystem partners, and 6 million to early community supporters and open-source contributors. The EIGEN token isn't yet available for trading, with a target to unlock it by September 30. EigenLayer allows users to restake Ethereum across multiple blockchains to enhance security and earn additional rewards.

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EtherVista's VISTA Token Soars with Rugpull-Resistant Launchpad Features

Polygon has upgraded MATIC to POL as the native gas and staking token for the Polygon PoS network, marking the start of Polygon's transition to Polygon 2.0.

The SPX index was down by 0.16%, marking its second consecutive decline, as weak manufacturing data and recession fears weighed on the market. Energy and tech shares led the losses, with companies like Exxon Mobil and Nvidia seeing notable declines. Investors are now focused on upcoming labor market data. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.65%, with Bitcoin rising by 0.10% and Ether dropping by 0.23%, in the past 24 hours.

Today's top performer is NEIRO, which surged 119.8% following BTSE's launch of the Neiro Trade to Earn Campaign with a $3,400 NEIRO prize pool.

Neiro (NEIRO), launched on July 28, 2024, is a Solana-based meme token that gained attention due to its connection to the Doge meme culture and the adoption of a rescue Akita dog named Neiro, whose name means "color of sound." BTSE has launched a "Trade to Earn" campaign featuring Neiro on Ethereum (NEIRO). Participants who trade at least $50 worth of NEIRO tokens between September 4 and September 11, 2024, can share in a prize pool of 3,400 NEIRO tokens. The campaign aims to boost NEIRO’s presence in the crypto community. Token rewards will be credited within 30 business days after the campaign ends. For more details, visit 

 as the native gas and staking token for the Polygon PoS network, marking the start of Polygon's transition to Polygon 2.0. This community-driven migration allows MATIC holders to convert their tokens to POL on a 1:1 basis via the Polygon Portal. POL will play a key role in Polygon’s evolving aggregated blockchain network (AggLayer) and support future functionalities beyond securing a single network. The upgrade is backward compatible, ensuring a smooth transition, with future tokenomics changes including a 2% emission model for network security and community development.

Yesterday, the BTC Spot ETF data shows a total outflow of $37.2 million, with a $34.2 million outflow from GBTC and a $3.0 million inflow from non-GBTC sources.

, allowing users to check eligibility for allocations from Closed Alpha and Epochs 1-7, with a total of 1 billion GRASS tokens, 10% of which is set aside for the first airdrop. The breakdown includes 1.5% for Closed Alpha, 7% for Epochs 1-7, and additional allocations for Bonus Epoch and future releases. Claims are not live yet. The Grass Foundation aims to empower users by returning control of the internet through decentralized efforts.

Polygon Upgrades MATIC to POL, Paving the Way for Polygon 2.0 and Future Expansion

Aave and Sky (formerly Maker) are considering a partnership to connect DeFi with TradFi. 

The SPX index was down by 2.12%, the drop was driven by a sharp decline in technology and semiconductor stocks, exacerbated by concerns over weak economic data, specifically subdued factory activity in August. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 5.46%, with Bitcoin and Ether dropping by 0.74% and 3.62%, respectively in the past 24 hours.

Today's top performer is UXLINK, which surged 43.3% following Animoca Brands' investment to boost user growth and ecosystem expansion.

UXLINK (UXLINK), founded in 2022, is a web3 social platform that emphasizes user-driven interactions and real-time engagement. Integrated with Telegram and various online platforms, it offers a diverse array of DApps to enhance social connections. 

. The partnership will focus on accelerating user growth and expanding the ecosystem by collaborating with Animoca's portfolio.

Aave and Sky (formerly Maker) are considering a partnership to connect DeFi with TradFi. This collaboration, known as 

, aims to develop markets for the USDS stablecoin on Aave. Phoenix Labs has proposed issuing SPK tokens to support this initiative and implementing a Direct Deposit Module to let Sky mint USDS directly within Aave’s market. The goal is to foster widespread adoption and enhance the integration between the two protocols, positioning them as central elements in scalable DeFi.

Yesterday, The total outflow from BTC Spot ETFs amounted to $285.5 million, with $50.4 million from GBTC and $235.1 million from non-GBTC funds.

Linea is preparing to distribute LXP tokens to users who participated in the Linea Culture SZN on Layer3. To be eligible, complete your POH by September 8th. For more information, visit 

Aave and Sky Partner to Bridge DeFi and TradFi with USDS Market

Solana's Pump.fun, a memecoin launchpad, has become the fastest-growing crypto app by revenue, reaching $100 million in just 217 days since its January launch.

The S&P 500 led gains in August, rising 2.28% despite a sharp selloff earlier in the month driven by recession fears. Positive economic data and expectations of a Federal Reserve interest rate cut helped stabilize sentiment. Investors are now looking ahead to a key jobs report and ongoing earnings season to gauge the market's direction. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.40%, with Bitcoin dropping by 0.09% and Ether rising by 2.03%, in the past 24 hours.

Today's top performer is ORDI, which surged 19.1% following the announcement of the Ordinals Summit and Inscribing Atlantis hosting a major Bitcoin event at the National Gallery Singapore.

Ordinals (ORDI), introduced in January 2023, is a decentralized platform for NFTs and digital assets, with easy NFT creation and a wallet for tokens. Its native token, ORDI, is valued at one satoshi of Bitcoin for stability. The platform enables users to inscribe data like images and text onto Bitcoin's blockchain as NFTs. The Ordinals Summit, in partnership with Inscribing Atlantis, will 

 on September 17, 2024, at the National Gallery Singapore. This summit, part of TOKEN2049 week, will focus on Bitcoin innovations including Ordinals, fungible tokens, Runes, and BRC-20s. It aims to attract over 1,000 attendees and features prominent speakers like Casey Rodarmor and Erin Redwing. The event marks a significant collaboration to advance the Bitcoin ecosystem and will offer a platform for innovation and community engagement.

Solana's Pump.fun, a memecoin launchpad, has become the fastest-growing crypto app by revenue, reaching $100 million in just 217 days since its January launch. The platform's rapid success is attributed to its high fees and appeal to retail speculators. Despite a recent slowdown in activity and revenue growth, Pump.fun initially saw significant adoption, with over 500,000 tokens created in a month. However, recent competition from SunPump on the Tron network and a decline in token creation have impacted its revenue, which has dropped to about 20% of its peak daily revenue.

 that Season 1 of their points program will end on September 18th, 2024. The token generation event (TGE) hasn't been announced yet, so after Season 1, either the TGE will occur, or Season 2 will begin.

Pump.fun Becomes Fastest-Growing Crypto App by Revenue, Hits $100M in 217 Days Despite Recent Slowdown

Cardano's "Chang" hard fork, activated on Sunday, introduces on-chain governance for the ADA cryptocurrency, allowing token holders to elect representatives and vote on development proposals.

Last Friday, the SPX index was up by 0.6%, investors are waiting for the June-quarter GDP report, which may impact future interest rate decisions by the Reserve Bank of Australia. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 0.35% and 0.53%, respectively in the past 24 hours.

Today's top performer is NULS, which surged 10.6% after the announcement of the NULS Oracle as the first project of the Ecosystem Ignition Initiative.

NULS (NULS), founded on September 27, 2017, is a blockchain platform designed for enterprises, focusing on simplifying and reducing the cost of blockchain development. It offers modularity and subchain operability, allowing developers to customize the blockchain to their specific needs. 

, the first project under the NULS Ecosystem Ignition Initiative (NEII). This on-chain project will use Oracle services to improve user experience and will be integrated into more dApps as the ecosystem grows. It is currently in development.

Cardano's "Chang" hard fork, activated on Sunday, introduces 

 for the ADA cryptocurrency, allowing token holders to elect representatives and vote on development proposals. The upgrade replaces Cardano's founding entities with three new governance bodies: the Constitutional Committee, Delegate Representatives, and Stake Pool Operators. The Chang upgrade, which unfolds in two phases, marks the beginning of Cardano's Voltaire era, focusing on achieving full decentralization. This move aligns Cardano with the blockchain industry's decentralization ethos and enhances ADA's utility.

Between August 26 and August 30, 2024, the BTC Spot ETF experienced a significant decline. On August 26, the total ETF value was $202.6M, with no change in GBTC. By August 27, the total dropped to $127.1M due to reductions in both GBTC ($18.3M) and Non-GBTC ($108.8M). This decline continued with further decreases on August 28 and August 29, reaching $105.3M and $71.8M, respectively. On August 30, the total value rose to $175.6M despite substantial decreases in both GBTC ($70.2M) and Non-GBTC ($105.4M). Overall, GBTC saw a total decline of $119.2M and Non-GBTC $158.0M, resulting in a combined decrease of $277.2M. The current totals stand at -$19,852M for GBTC, $37,455M for Non-GBTC, and $17,603M overall.

, announcing that the XP program will end on December 11, 2024, and the next phase will focus on decentralization and an airdrop. With only 17,248 users currently participating, Avantis, backed by Coinbase, presents a promising yet underutilized airdrop opportunity. Adding USDC liquidity on Avantis can earn XP and position you as a Base chain liquidity provider, potentially increasing your chances for the Base airdrop. There are still over three months to earn XP before the program ends.

Cardano Launches 'Chang' Hard Fork, Introducing On-Chain Governance and Decentralized Decision-Making

Kaia, a Layer 1 blockchain formed from the merger of Klaytn and Finschia, has launched its mainnet with support from LINE NEXT to accelerate web3 adoption in Asia.

The SPX index was down by 0.004%, reflecting a lack of significant movement despite broader market activity. Investors are focused on upcoming data from the PCE price index, the Federal Reserve's preferred inflation gauge, to gauge potential future interest rate cuts. The broader cryptocurrency market was mixed, with Bitcoin rising by 0.65% and Ether dropping by 0.01%, in the past 24 hours.

Today's top performer is CLOUD, which surged 28% following the announcement of Bybit launching bbSOL which is powered by Sanctum (CLOUD). 

Sanctum (CLOUD), launched in 2024, is a pioneer in next-generation liquid staking infrastructure on the Solana blockchain by introducing a multi-LST liquidity pool, offering virtually limitless liquidity for Solana-based liquid staking tokens (LSTs). Sanctum also features an instant unstake function and a native governance token, CLOUD, which facilitates seamless liquidity provision and token swaps across Solana's ecosystem. This protocol aims to enhance the staking process on Solana by addressing challenges like slow unstaking times and network congestion. Recently, Bybit has announced that they are using Sanctum to create their own SOL LST known as bbSOL. 

Kaia, a Layer 1 blockchain formed from the merger of Klaytn and Finschia, has launched its 

 with support from LINE NEXT to accelerate web3 adoption in Asia. The Kaia mainnet, going live on August 29, offers the world’s fastest EVM blockchain with one-second finality and ultra-low gas fees. It aims to solve web3 UX and distribution challenges by integrating with popular Asian messaging apps like LINE and Kakaotalk. The Kaia Wave builder program will provide up to $1.2M in support for developers, aiming to create a thriving web3 ecosystem across DeFi, gaming, and messenger apps.

Yesterday, the BTC Spot ETF category experienced a total outflow of $58.3 million, with $22.7 million from GBTC and $35.6 million from non-GBTC sources.

Gomble Games is offering a chance to secure a 

 for the upcoming free mint of their "SpaceKids NFT" collection, with a total supply of 5,555 NFTs. Holders of the SpaceKids NFT will receive a significant airdrop of $G tokens.

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Kaia Launches Mainnet to Boost Web3 Adoption in Asia with LINE and Kakaotalk Integration

Sony has launched the "Minato" testnet for Soneium, its upcoming Ethereum Layer 2 network, and opened the Spark incubator program. 

The SPX index was down by 0.6%, the decline followed investor reactions to Nvidia's earnings, which, despite meeting expectations, failed to impress due to a less significant beat compared to previous quarters. Investors are also focusing on upcoming earnings reports and jobless claims data. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 5.17% and 1.66%, respectively in the past 24 hours.

Today's top performer is DOGS, which surged 19.5% following Bybit's announcement of a boosted prize pool to 20,000 USDT for its DOGS Trading Competition.

DOGS (DOGS), launched in August 2024, is a memecoin on The Open Network (TON) blockchain, designed for Telegram users and inspired by Pavel Durov's meme character, "Spotty." It leverages meme culture and community engagement to rapidly grow in popularity, alongside other dog-themed coins like Dogecoin and Shiba Inu, and has become a notable Telegram mini-app. 

 now features a prize pool of 20,000 USDT. Participants can trade Perpetual Contracts for a chance to win up to 2,000 USDT. Register via the 

" testnet for Soneium, its upcoming Ethereum Layer 2 network, and opened the Spark incubator program. The testnet allows developers and users to test and provide feedback before the mainnet launch. The Spark incubator offers up to $100,000 in investment and support for DeFi, NFT, gaming, and social projects, aiming to onboard 30 projects in its first cohort starting mid-October. Soneium is supported by partners including Astar Network, Optimism, and several VCs, marking Sony's continued expansion into the web3 space.

Yesterday, the BTC Spot ETF data shows a total outflow of $105.3 million, with $8.0 million from GBTC and $97.3 million from non-GBTC sources.

 (TGE) is expected in September, and a special Loyalty Bonus will be included in the airdrop for dedicated community members. The bonus is based on two factors: earliness, determined by participation across four Epochs from the mainnet launch to the snapshot, and commitment, measured by the difference in Pearls earned across epochs. The amount of deposited assets doesn't affect the bonus, which is aimed at rewarding early and sustained commitment rather than large deposits.

Sony Unveils Soneium Testnet and Spark Incubator to Boost Web3 Development

Maker DeFi lending protocol has rebranded to "Sky" and renamed its stablecoin from Dai to USDS.

The SPX index was up by 0.16%, with six out of its 11 sectors finishing higher, led by technology, financials, and real estate. Investors are closely watching Nvidia's upcoming earnings report to assess the tech rally's sustainability and AI demand. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 1.95% and 3.98%, respectively in the past 24 hours.

Today's top performer is IDEX, which surged 37.8% following the announcement of its upcoming Mainnet launch as the first Omnichain Perpetuals DEX.

IDEX (IDEX), launched in 2017, is a decentralized exchange with centralized features for faster transactions, operating on Ethereum, Binance Smart Chain, and Polkadot. It uses order books instead of an automated market maker model and requires KYC verification. The IDEX token is used for staking to validate transactions. 

, with Market Makers starting onboarding to the production version. This is the final step before IDEX, the first Omnichain Perpetuals DEX, goes live. The launch date will be announced soon.

Maker DeFi lending protocol has rebranded to "

" and renamed its stablecoin from Dai to USDS. Alongside this, it introduced the Sky (SKY) governance token, replacing the Maker (MKR) token. The rebranding aims to simplify and broaden DeFi accessibility, featuring innovations like Sky Token Rewards (STRs) and the Sky Savings Rate (SSR). Maker's SubDAOs are now called "Sky Stars," maintaining autonomy while connecting through the Sky ecosystem. The largest DeFi lending protocols include Spark, the third-largest with a $2.66 billion TVL, trailing Aave, the leader in the sector.

Yesterday, the BTC Spot ETF data shows a total flow of -$127.1 million, with -$18.3 million attributed to GBTC and -$108.8 million to non-GBTC ETFs.

 is launching a SportFi ecosystem on the Chiliz blockchain and is the first official DEX with plans for a meme launchpad. Their current campaign, Kayen League, involves completing social and transaction missions to earn points that will be converted into the KAYEN airdrop at the Token Generation Event (TGE). Participants can earn points by connecting their wallet, Twitter, and Discord, and by completing community tasks and transactions.

Maker Rebrands as Sky and Introduces USDS Stablecoin with SKY Governance Token

EigenDA has introduced custom quorums, allowing teams to restake their ERC-20 tokens to secure tailored quorums for their rollups, enhancing security and yielding token returns.

Daily Top Performer — Akash Network (AKT)

The SPX index was down by 0.32%, impacted by a sector rotation from technology stocks to industries like energy and consumer staples. Major losses in tech were highlighted by declines in Nvidia, AMD, and Tesla. This week's focus will also be on economic indicators such as jobless claims and consumer expenditure data, which could influence interest rate decisions. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 1.39% and 2.97%, respectively in the past 24 hours.

Today's top performer is AKT, which surged 9.3% following its highlight in the Grayscale Report on blockchain and transparency in the context of decentralizing AI with Akash Network.

Akash Network (AKT), launched in March 2018, is a decentralized cloud platform built with the Cosmos SDK, offering cost-effective computing by utilizing underused capacity. Its native token, AKT, facilitates governance and transactions within the network. Akash Network was featured in a 

, which discusses AI's growth to a $15 trillion industry by 2030 and its centralization challenges. The report advocates for blockchain's potential to democratize AI by enhancing transparency and access, highlighting platforms like NEAR and Bittensor for AI development, and Render and Akash for decentralized GPU resources. It also notes the role of AI in crypto markets and its application in addressing issues like deepfakes through blockchain integration.

, allowing teams to restake their ERC-20 tokens to secure tailored quorums for their rollups, enhancing security and yielding token returns. This innovation builds on existing ETH and EIGEN quorums by offering rollups a more aligned quorum option, reducing the risk of data withholding attacks. Rollups can now collaborate with the EigenDA team to integrate their tokens into these custom quorums, with plans for a permissionless process in the future. This feature extends the functionality of EigenLayer’s token restaking, facilitating broader staking options and supporting system scalability as more tokens are adopted. Further details and pilot projects will be announced soon.

Yesterday, The BTC Spot ETF data shows a total flow of negative $21.5 million, with no changes in the GBTC category and a decrease of $21.5 million in the Non-GBTC category.

Rumpel Labs is set to launch a DeFi protocol in September that will allow users to tokenize and 

, aiming to improve liquidity and price discovery for offchain loyalty points. Supported by venture capital firms like Dragonfly and Variant, the protocol addresses issues such as token underperformance and arbitrary payouts in existing airdrop models. It will enable users to wrap points into Rumpel Point Tokens via a specialized wallet, facilitating transactions among point farmers, investors, and issuers while enhancing transparency of point value.

EigenDA Launches Custom Quorums for Enhanced Security and Token Yield in Rollups

Gora Network has been accepted into Google's prestigious Web3 Startup Program, an acknowledgment of its role as a leading decentralized oracle platform. 

Last Friday, the SPX index was up by 1.15%, bolstered by Federal Reserve Chair Jerome Powell's announcement of likely interest rate cuts due to confidence in achieving a 2% inflation target. The market anticipates a potential rate cut in September, with a 70% likelihood of a 25 basis point reduction. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.12% and 0.01%, respectively in the past 24 hours.

Today's top performer is TAO, which surged 7.0% following Bittensor ecosystem updates: new launches, community engagements, and upcoming meet ups. 

Bittensor (TAO), launched in March 2023, is a decentralized marketplace for ML algorithms, where providers and users transact with TAO tokens. It spans over 30 domains and uses a quality-based selection process for solutions. Originally on Polkadot, it moved to its own ML-optimized blockchain in March 2023. This week, 

: dTAO launched on RAONET testnet, Ledger now supports TAO, and Tensorplex Labs introduced a bridge and stTAO rewards program. Fish Datura, a major validator, revamped its weight allocation strategy. Highlighting community engagement, a Grayscale livestream and a DePIN Summit presentation each attracted around 16.4k viewers. Additionally, Ventura Labs debuted a TAO-focused podcast, and the second Bittensor Asia community meetup is set for September 19 in Singapore, sponsored by Oxai.

Gora Network has been accepted into Google's prestigious Web3 Startup Program, an acknowledgment of its role as a leading decentralized oracle platform. This 

 will provide Gora with $200,000 in Google Cloud credits, access to Google's technical expertise, and networking opportunities with other Web3 leaders. This support is expected to accelerate Gora's development, enhance security measures, and expand its offerings, reinforcing its position against competitors like Chainlink. Gora aims to use these resources to advance its mission of helping Web2 companies transition to Web3, focusing on decentralization and innovative blockchain solutions. The community can anticipate quicker advancements and new products as Gora leverages this collaboration to shape the future of blockchain technology.

From August 19 to August 23, 2024, the BTC Spot ETF saw significant trading activity. GBTC experienced a cumulative decrease of $86.6 million over the period, while Non-GBTC investments traded a total of $593 million, resulting in a total trading volume of $506.4 million. Notably, daily trading volumes varied, with the lowest on August 21 ($39.5 million) and the highest on August 23 ($252 million). As of the latest report, GBTC's current total stands at a deficit of $19,732 million, Non-GBTC at $37,612 million, and the overall total holdings at $17,880 million.

Corn, an Ethereum Layer-2 network, is launching a 

 for users who have interacted with select DeFi protocols. This airdrop, named "Kernels," rewards past activities with various partner protocols and is the gateway to $CORN token allocation once the Corn Mainnet is live. Eligible users can earn more Kernels by depositing assets like wBTC and wETH, completing Galxe quests, and using referral codes. The airdrop has two phases: the current Early Access phase where users can earn Kernels, and the upcoming phase where $CORN will be distributed based on Kernels held. This initiative aims to integrate users into Corn's yield-generating ecosystem, encouraging active participation and expansion.

Gora Network Secures Spot in Google’s Web3 Startup Program to Accelerate Blockchain Innovation

Franklin Templeton has launched its tokenized Franklin OnChain U.S. Government Money Fund (FOBXX) on the Avalanche network.

The SPX index was down by 0.89%, this downturn was led by sectors such as technology, consumer discretionary, and communication services. Investors are now looking forward to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for guidance on potential interest rate cuts. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 2.12% and 0.36%, respectively in the past 24 hours.

Today's top performer is IO, which surged 18.0% after Io.net and Chainbase collaborate to enhance AI and decentralized infrastructure.

Io.net (IO), founded in 2022, is a DePIN project on Solana that provides scalable GPU computing power to AI and machine learning companies, enhancing the capacity for handling complex, data-intensive models through distributed computing. Io.net has 

 with Chainbase to advance AI modeling and decentralized AI infrastructures. This collaboration, building on a recent alliance with NetMind.ai, aims to enhance Chainbase's Theia model via io.net's extensive GPU network, targeting applications across Web3 games and DeFi platforms. The partnership is poised to promote decentralized AI technologies industry-wide, aligning with Chainbase's upcoming network token launch. Since launching in November 2023, io.net has grown to over 25,000 nodes, significantly reducing costs and lead times for AI projects.

Franklin Templeton has launched its tokenized

 on the Avalanche network, marking a significant expansion in blockchain-based financial services. The $420 million fund, initiated in 2021, is the first U.S.-registered mutual fund to use a public blockchain for transaction processing and share recording. The fund's shares, represented by BENJI tokens, offer investors enhanced utility such as the ability to convert USDC stablecoin to fund shares and facilitate peer-to-peer transfers. This move is part of a broader trend where institutions are increasingly integrating blockchain, smart contracts, and tokenization to enhance financial infrastructure and workflows. Franklin Templeton's integration into the Avalanche network, known for its EVM compatibility and low transaction fees, aims to foster new blockchain-enabled innovations and attract both on-chain and off-chain capital and users.

Yesterday, The BTC Spot ETFs data shows that there was a net outflow of $10.7 million. Specifically, the GBTC experienced an outflow of $28.4 million, while non-GBTC funds saw an inflow of $17.7 million.

, a decentralized platform that curates high-quality AI datasets, has launched an early alpha free airdrop featuring "Byte Points," which users can earn by interacting with ChatGPT. Participants need to download the Aggregata extension, sign up or log into ChatGPT, connect their Metamask wallet, and enter a specific invite code. A minimal amount of BNB is necessary for gas fees on the BNB Greenfield chain. The initiative encourages users to ask a variety of questions, with the quality of inquiries potentially influencing the number of Byte Points earned.

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Synthetix Launches SNAXchain for Cross-Chain Liquidity and Governance

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EtherVista's VISTA Token Soars with Rugpull-Resistant Launchpad Features

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Polygon Upgrades MATIC to POL, Paving the Way for Polygon 2.0 and Future Expansion

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Aave and Sky Partner to Bridge DeFi and TradFi with USDS Market

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Pump.fun Becomes Fastest-Growing Crypto App by Revenue, Hits $100M in 217 Days Despite Recent Slowdown

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Cardano Launches 'Chang' Hard Fork, Introducing On-Chain Governance and Decentralized Decision-Making

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Kaia Launches Mainnet to Boost Web3 Adoption in Asia with LINE and Kakaotalk Integration

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Sony Unveils Soneium Testnet and Spark Incubator to Boost Web3 Development

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Maker Rebrands as Sky and Introduces USDS Stablecoin with SKY Governance Token

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EigenDA Launches Custom Quorums for Enhanced Security and Token Yield in Rollups

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Gora Network Secures Spot in Google’s Web3 Startup Program to Accelerate Blockchain Innovation

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Franklin Templeton Launches First U.S.-Registered Blockchain Money Market Fund on Avalanche Network

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