The competition in stablecoins has shifted from issuance to distribution, with the Federal Reserve naming "stablecoins, smart contracts, and AI" as the three pillars of payment innovation.

Monetary policy, inflation, full text of Federal Reserve Chairman Powell's Jackson Hole speech, Golden Finance, the current economic situation and the near-term outlook for monetary policy.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Observing the different technical paths of the Bitcoin ecosystem reveals that we are still in its developmental phase. Its true prosperity is still far from here. Therefore, the debate over the Bitcoin Layer 2 (L2) path has only just begun.

The launch of Stripe Tempo and Circle Arc marks a key turning point in the field of digital finance.

"The development of RWA should not be a race, but a long-distance race that requires patience and wisdom."

Pressure continues to build in the digital asset space, with a broad sell-off impacting major currencies. Derivatives activity is particularly active, leading to an increasingly sensitive and reflexive market structure.

AUSTRAC has ordered Binance Australia to hire an external auditor after finding serious gaps in its anti-money laundering and counter-terrorism controls. The move is part of a wider crackdown on crypto platforms in Australia, with regulators warning of local risks despite global systems.

South Korean prosecutors are pushing for a three-year jail term for actress and former singer Hwang Jung-eum, accusing her of embezzling billions of won from her own entertainment agency to fund crypto purchases.

After several unsuccessful attempts to hit the all-time high of $4870, Ethereum turned downward on August 14, starting its first round of adjustments after breaking through $4,000.

According to CoinDesk, Metis (METIS), the native cryptocurrency of layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours before giving back some gains. This followed the announcement of a grant that sparked investor interest in the token and related projects. The price surge extended 30-day gains to over 240%, with trading volumes for the tokens jumping to over $50 million on Tuesday from just $2 million at the start of December. Metis is part of a group of layer-2 scaling protocols that enable users to transact on the Ethereum blockchain faster and for lower fees, but with their own ecosystem projects and tools. Earlier this month, the MetisDAO Foundation, which maintains Metis, revealed an Ecosystem Development Fund (EDF) of 4.6 million METIS dedicated to bootstrap development, liquidity, activity, and adoption in the Metis ecosystem. The amount is worth over $360 million as of Tuesday at current prices. Disbursements to projects are expected to begin in the first quarter of 2024 after the release of the Metis decentralized sequencer, a technology that distributes nodes that process transactions worldwide. Users widely anticipate these rewards to trickle down to them as they use applications built on the Metis network. This has helped increase the value locked on Metis projects to over $500 million as of Tuesday from just under $100 million last week. Tokens of some ecosystem projects have more than doubled in the past week: staking tool Maia's MAIA token has surged 97%, and swapping protocol Hermes' HERMES token has jumped 140%. Annualized rewards on the popular HERMES and METIS liquidity pool have risen to 200%, while riskier trading pairs offer as much as 350%, according to data from Hermes. Trading volumes on the decentralized perpetual trading protocol Tethys spiked to over $18 million in the past 24 hours from an average of under $10 million in the prior weeks, bumping prices of the TETHYS tokens by 60%.