Daily Report ｜DAI deposit rate has been raised to 8%; Singapore's Monetary Authority states it will invest 150 million SGD in technologies such as Web3

整理：flowie, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Monetary Authority of Singapore: Will Invest SGD 150 Million in Web3 Startups Over the Next Three Years
The Monetary Authority of Singapore (MAS) stated in a press release that under the new Financial Sector Technology and Innovation Scheme (FSTI 3.0), it will invest SGD 150 million in Web3 startups and other technologies over the next three years.

"MAS recognizes the importance of collaborating with the industry to support innovative fintech solutions arising from emerging technologies like Web 3.0. MAS will publicly call for the use of innovative technologies in industry use cases. Grant funding will be provided to support practical experimentation and commercialization." This is the first time an official entity has invested in cryptocurrency innovation. MAS Managing Director Ravi Menon stated, "We look forward to continuing our collaboration with the industry to advance targeted financial innovation." (source link)

2. DAI Deposit Rate Increased to 8%, Lending Pool TVL Exceeds $400 Million
According to the Spark Protocol page under MakerDAO, the DAI deposit rate (DSR) has been raised to 8%. As of the time of writing, the current TVL of the DAI pool has exceeded $400 million.

Additionally, on-chain analyst Ember tweeted that a whale sold 5,640 ETH on-chain yesterday for 10.32 million DAI (average selling price of $1,830) and collateralized 5,400 wstETH to borrow 4 million DAI, then deposited this 14.32 million DAI into MakerDAO to earn the current 8% APY. (source link)

3. Data: Grayscale GBTC Discount Rate Narrowed to 26.5%
According to Coinglass data, the current total value of Grayscale's holdings is approximately $24.089 billion, with the Grayscale Bitcoin Trust (GBTC) discount rate at 26.5%; the ETH trust discount rate is 35.47%. Additionally, the ETC trust discount is 55.36%, and the LTC trust discount is 33.8%. (source link)

4. Data: Huobi Platform Net Outflow of $140 Million in the Past Week
According to DefiLlama data, the current total asset value of the Huobi trading platform is $2.521 billion, showing a continuous net outflow trend since July 18, with a net outflow of $140 million in the past week. (source link)

5. Binance to Launch DODO 1-20x U-Based Perpetual Contracts on August 8, DODO Rises About 30% Within 1 Hour After Announcement
According to an official announcement, Binance will launch DODO 1-20x U-based perpetual contracts on August 8 at 20:00 (UTC+8). The contract code for the DODO U-based perpetual contract is "DODOXUSDT". Subsequently, according to Binance market data, DODO briefly broke through $0.13, rising about 30% in the last hour. (source link)

6. PeckShield: $52.3 Million of Curve Exploit Funds Have Been Returned, Accounting for 73%
According to PeckShieldAlert monitoring, approximately $73.5 million worth of cryptocurrency was stolen in the Curve Reentrancy exploit on Ethereum. So far, about 73% (approximately $52.3 million) has been returned. The remaining $19.7 million worth of cryptocurrency on Ethereum has not been returned by the first Curve CRV-ETH exploit user (0xb752…b324).

Details of the returned funds are as follows: AlchemixFi returned all: $22 million (including 7,258 ETH + 4,821 alETH) Jpegd Frontrunner returned 90%: $11.5 million (equivalent to 5,495.4 WETH) Metronome ($1.6 million) + CRV pool ($5.3 million) returned by c0ffeebabe.eth: $7 million Alchemix (white hat operation): $13 million. (source link)

7. Data: Wintermute Trading Wallet Transferred a Total of 11.1 Million YGG to Exchanges in the Past 4 Days, Approximately $6.7 Million
According to Lookonchain monitoring, the Wintermute Trading wallet transferred a total of 11.1 million YGG (approximately $6.7 million) to exchanges in the past 4 days and currently holds 2.5 million YGG (approximately $1.5 million). (source link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. "A Comprehensive Investigation into the Mystery of ICP Market Manipulation: Who Precisely Targeted the Flourishing DFINITY? (SBF Edition)"

The original article comes from Crypto Leaks, an investigative company that exposed scandals in the crypto industry. The first two cases they revealed were about ICP being manipulated by capital and malicious short selling. This article focuses on the fallen "white knight" SBF. Crypto Leaks, through investigating the market doubts and conditions at that time, believes that the ICP token was clearly manipulated before and after its listing. As the "spokesperson" for Solana, which was extremely popular in 2021, SBF had both the motive and the ability to destroy the largest competitor, the IC network (however, there is no substantial evidence, and there will be none in the future). The publication date was June 9, 2022, and FTX collapsed in November 2022. The translator made slight edits.

2. "CEO of Pudgy Penguins Writes a Long Article: Six Key Points for NFT Development"

On August 5, Twitter KOL Gary posted that investors should realize that the commercial expansion of PFP NFTs will only help project parties generate revenue but will not bring any benefits to holders, so PFPs should not be viewed as stocks.

In response, Luca Netz, the CEO of the NFT project "Pudgy Penguins," published a long article to refute this. In the article, Luca Netz systematically elaborated on the importance of brand commercialization for the development of NFT projects from six aspects, including explaining through a "funnel" model how revenue will ultimately flow to NFT holders, and explaining why some blue-chip NFT projects gradually approach zero in relation to supply and demand.

3. "Interpreting Binance Research's Telegram Bots Report: Another Trading Experience on Mobile"

Various Bots tokens on Telegram recently attracted attention with astonishing price increases. Although prices have since retreated, the narrative in the early fluctuations is still worth noting. Binance Research released a study report on Telegram Bots, indicating that the cumulative trading volume of Telegram bots has exceeded $190 million, with a single-day peak trading volume reaching $10 million.