network

Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $166 million, with long positions liquidated at $96.4261 million and short positions liquidated at $69.1273 million. Among them, Bitcoin long positions were liquidated at $26.8053 million, Bitcoin short positions at $3.965 million, Ethereum long positions at $11.3938 million, and Ethereum short positions at $3.7955 million.In addition, in the last 24 hours, a total of 88,830 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $236 million, with long positions liquidated at $129 million and short positions liquidated at $107 million. Among them, Bitcoin long positions were liquidated at $51.8932 million, Bitcoin short positions at $6.0097 million, Ethereum long positions at $24.4674 million, and Ethereum short positions at $7.2829 million.In addition, in the last 24 hours, a total of 74,842 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to the official announcement, Bitget has launched the ANET (Arista Networks) stock perpetual contract. This contract is settled in USDT, supports up to 20 times leverage, and is available for trading 24/7. So far, Bitget supports a total of 272 stock perpetual contracts.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $238 million, with long positions liquidated at $131 million and short positions liquidated at $108 million. Among them, Bitcoin long positions were liquidated at $41.7528 million, Bitcoin short positions at $7.3744 million, Ethereum long positions at $24.9982 million, and Ethereum short positions at $8.6526 million.In addition, in the last 24 hours, a total of 80,126 people were liquidated globally, with the largest single liquidation occurring on Bybit - BTCUSDT worth $1.989 million.

Conflux Network announced that the v3.1.0 network hard fork upgrade will introduce multiple network improvements, including EVM compatibility updates, bug fixes, RPC changes, and security enhancements. CIP-173 is expected to be activated on August 26.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $143 million, with long positions liquidated at $83.199 million and short positions liquidated at $59.8707 million. Among them, Bitcoin long positions were liquidated at $13.9906 million, Bitcoin short positions at $4.9551 million, Ethereum long positions at $16.5296 million, and Ethereum short positions at $5.5646 million.In addition, in the last 24 hours, a total of 68,107 people were liquidated globally, with the largest single liquidation occurring on Bybit - BTCUSDT worth $1.989 million.

AI Economic Settlement Agreement AEON announced its integration with Colombia's national instant payment system Bre - B, allowing users to complete payments using cryptocurrency through the Bre - B standard QR code, while merchants receive payments in Colombian pesos (COP). AEON has supported over 50 million merchants globally, and this integration further extends the AI settlement network into the local payment systems of Latin America, providing the infrastructure support for AI and AI Agents to access real commercial scenarios and complete transactions and fiat currency settlements through local payment networks.

Tether's latest data shows that the total issuance of USDT on the TRON network has risen to approximately 91.2 billion, surpassing Ethereum's approximately 90.3 billion, making it the blockchain network with the largest issuance of USDT globally.This means that in the nearly 200 billion USD global issuance landscape of USDT, TRON has taken the largest single-chain share. As the demand for stablecoin payments, transfers, and transactions continues to grow, the on-chain issuance focus of USDT is further concentrating on TRON.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $177 million, with long positions liquidated at $82.9367 million and short positions liquidated at $93.6 million. Among them, Bitcoin long positions were liquidated at $10.8078 million, Bitcoin short positions at $11.111 million, Ethereum long positions at $15.9439 million, and Ethereum short positions at $19.1731 million.In addition, in the last 24 hours, a total of 80,789 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $3.2292 million.

According to Decrypt, the prediction market platform Kalshi announced a partnership with DoubleZero to provide real-time market data subscription services to trading institutions through DoubleZero Edge.The initial data covers Kalshi sports event contracts and cryptocurrency perpetual futures, including Level 1 (best quotes and transaction records) and Level 2 (multiple buy and sell orders) data, which can be directly used for pricing, hedging, and automated trading strategies. DoubleZero uses a multicast system to synchronize and push machine-readable data to all connected parties, significantly lowering the access threshold.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $174 million, with long liquidations amounting to $121 million and short liquidations totaling $53.27 million. Among them, Bitcoin long liquidations were $38.07 million, Bitcoin short liquidations were $6.57 million, Ethereum long liquidations were $22.36 million, and Ethereum short liquidations were $11.41 million.In addition, in the last 24 hours, a total of 76,086 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $2.4659 million.

According to the latest exchange report released by CoinDesk, the Gate RWA perpetual contract market continues to grow, with the total trading volume in July rising to $460 billion, setting a new historical high. Gate ranks among the top three global centralized trading platforms with a market share of 4.39%, continuously strengthening its market layout in the RWA derivatives trading field.In terms of spot trading, Gate ranks as a top global spot trading platform with a Grade A rating in July, achieving a spot trading volume of $35.8 billion and a market share of 4.93%, placing it fourth globally. In the derivatives sector, Gate's futures trading volume in July reached $276 billion, with a derivatives market share of 9.08%; the open interest market share reached 11.2%, ranking it among the top two retail trading platforms. Meanwhile, in the comprehensive ranking of spot and derivatives trading volume, Gate has consistently remained in the global top four, further reflecting the platform's activity and comprehensive trading capability in the global crypto asset trading market.As of July, Gate's global user count has exceeded 58 million, supporting over 4,900 trading pairs and more than 12,500 stock assets. Additionally, Gate launched the gStocks tokenized securities service in July, supporting 1:1 fully reserved stock assets, 24/7 trading, and unified account management, further expanding the connection between traditional financial assets and the digital asset ecosystem. As of July 27, Gate's overall reserve rate reached 117%, covering nearly 500 types of user assets, with BTC and ETH reserves continuing to grow. With a robust increase in asset reserves, Gate is continuously optimizing its existing product ecosystem, leading the development of global digital assets and innovative applications.

Coinglass data shows that the total network maintained 68.18 million dollars in the past hour, with long positions liquidated at 63.81 million dollars and short positions liquidated at 4.37 million dollars. In addition, the liquidation amount for BTC reached 24.14 million dollars, and the liquidation amount for ETH reached 19.42 million dollars.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $208 million, with long positions liquidated at $152 million and short positions liquidated at $55.6656 million. Among them, Bitcoin long positions were liquidated at $47.6715 million, Bitcoin short positions at $2.5595 million, Ethereum long positions at $42.6356 million, and Ethereum short positions at $4.0437 million.In addition, in the last 24 hours, a total of 72,280 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - XYZ:BRENTOIL-USD worth $10.5534 million.

Intel plans to issue an additional $15 billion in common stock. Due to potential equity dilution, its stock price fell about 4% during trading. According to CoinGlass data, the current total contract value of INTC across the network is approximately $119 million. Among them, tradeXYZ, Binance, and Bitget rank in the top three, collectively accounting for about 70% of the market share:tradeXYZ: approximately 429,000 INTC, corresponding to a value of $42.0347 millionBinance: approximately 302,400 INTC, corresponding to a value of $29.6670 millionBitget: approximately 117,100 INTC, corresponding to a value of $11.4848 million

The PoW blockchain Ravencoin tweeted that its network has a critical consensus vulnerability that has been exploited, causing weak nodes to accept invalid blocks. The first known invalid block appeared at height 4,487,776. Currently, the majority hash power holders 2Miners and RavenMiner have stated that they are mining a chain that excludes the exploited branch starting from height 4,487,776.If this chain becomes the dominant chain, it may lead to approximately three days of deep chain reorganization. The official recommendation is for CEX to temporarily suspend RVN deposits and withdrawals until the network stabilizes; transactions confirmed after height 4,487,775 should be considered at risk. The official also emphasizes that this notice aims to increase transparency and risk awareness and does not represent an endorsement of any rollback or recovery plan.

Oraichain stated that yesterday's incident originated from a vulnerability in the EVM cross-chain transfer path, which led to the unauthorized minting of ORAI. Since August 9 at 04:00 UTC, the network has been suspended, and the bridging contracts, cross-chain paths, and public interfaces have also been restricted.The related vulnerability path has been identified and addressed, and the associated fund transfer paths have been restricted. The team is working with partners and centralized exchanges to limit further fund movement and protect affected assets. Investigations and account reconciliations are still ongoing, and the team is preparing to restore the standard supply of ORAI, including the destruction of unauthorized minted balances and reconciling and fixing the affected protocol states.

According to Sui monitoring, since the Hashi test network went live three weeks ago, it has processed over 1.1 million deposits and 165,000 withdrawals.In the past two weeks, over 50% of Bitcoin Signet transactions came from Hashi test activities.

Sui posted on platform X, stating that Tessera provides a closed invoice settlement network for enterprises, and participating enterprises can join after passing KYC verification. The blockchain will display the payer, payee, and payment time, with the settlement amount shown as ▦▦▦.