BTC $63,581.29 +0.92%
ETH $1,905.71 +1.44%
BNB $606.12 +0.26%
XRP $1.00 +0.56%
SOL $75.73 +0.55%
TRX $0.3325 +0.53%
DOGE $0.0703 +1.03%
ADA $0.1772 +0.16%
BCH $205.50 +1.09%
LINK $9.44 +1.17%
HYPE $59.21 +3.80%
AAVE $86.43 +0.67%
SUI $0.6791 +0.63%
XLM $0.1586 +1.19%
ZEC $513.91 +5.54%
BTC $63,581.29 +0.92%
ETH $1,905.71 +1.44%
BNB $606.12 +0.26%
XRP $1.00 +0.56%
SOL $75.73 +0.55%
TRX $0.3325 +0.53%
DOGE $0.0703 +1.03%
ADA $0.1772 +0.16%
BCH $205.50 +1.09%
LINK $9.44 +1.17%
HYPE $59.21 +3.80%
AAVE $86.43 +0.67%
SUI $0.6791 +0.63%
XLM $0.1586 +1.19%
ZEC $513.91 +5.54%

usd

USD is the abbreviation for the US dollar and is one of the most widely used fiat currencies in the world. In the cryptocurrency field, USD is often associated with stablecoins, which are pegged to the US dollar and aim to provide price stability. Common USD stablecoins include USDT, USDC, and DAI, which are widely used for trading, payments, and as a means of storing value in crypto assets.
All
Article
Flash

The Hyperliquid USDC reserve income sharing mechanism will launch on August 26, with an expected annual contribution of $200 million to buy back HYPE

The AQAv2 stablecoin model protocol of Hyperliquid has previously received support from 19 out of 26 validators, and the relevant mechanism is expected to officially start accruing yields on August 26. Meanwhile, Circle has transferred approximately $4.4 billion USDC to Coinbase via the AQAv2 mechanism on HyperEVM, setting a record for the largest single USDC transfer on HyperEVM.If everything proceeds as planned, the yields generated by AQAv2 will begin accruing on August 26, with the first payment expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins, including USDC, which are not exclusively issued by Hyperliquid, to qualify as "Aligned." According to public information, most of the stablecoin yields from AQAv2 will be returned to the Hyperliquid ecosystem, with 90% of the yields allocated to the relevant mechanism, and subsequently, 100% used for the buyback and destruction of HYPE tokens.Coinbase has been designated as the fund deployment party, while Circle is responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. The mechanism previously required stablecoins to be exclusive assets of Hyperliquid, but AQAv2 has removed this restriction and will focus on the HIP-4 standardized market and the perpetual contract market operated by validators. According to relevant public disclosures, AQAv2 is expected to generate up to approximately $200 million in revenue and further enhance token value capture through the HYPE buyback and destruction mechanism.

Gate event market launches leaderboard, esports section, and activities for the five major leagues, with a prize pool of 200,000 USDT opened

According to the official announcement, the Gate event market has recently launched a leaderboard incentive system and simultaneously launched an esports section and the "Five Major Leagues Opening Celebration" event, further expanding diverse interactive scenarios in sports and esports. The first phase of the points activity will officially start on August 17 at 18:00 (UTC+8). Users can participate after upgrading the Gate App to version v8.32 or above. The activity adopts the mechanism of "Earn Cards through Trading --- Scratch Cards for Rewards --- Climb the Leaderboard --- Weekly Settlement," where users can obtain scratch cards by completing valid event contract trades and have the chance to receive rewards such as USDT, event points, and experience vouchers; the top 100 users on the weekly leaderboard can also share the points prize pool based on their rankings.At the same time, the Gate esports section aggregates popular events such as Dota 2, League of Legends, CS2, and Valorant, providing match pairings, real-time scores, prediction probabilities, and trading information, and supports event subscriptions and match start reminders, helping users conveniently browse and participate in event interactions.In addition, from August 12 at 16:00 to August 31 at 16:00 (UTC+8), Gate is launching the "Five Major Leagues Kickoff Carnival" event, with a total prize pool of 200,000 USDT. Users participating in designated football event contracts can receive kickoff gifts, loss compensation, and leaderboard rewards, further enhancing the interactive experience of football events and event contracts.

Data: The meme coin "Behemoth" on the BSC chain briefly surpassed a market value of 2.7 million USD, with a 24H increase of 8251%

According to GMGN data, the meme coin "Behemoth" on the BSC chain briefly surpassed a market cap of 2.7 million USD, currently reported at 1.04 million USD, with a 24H increase of 8251%. Meme coin prices are highly volatile, and investors should participate with caution.Previously, a developer announced the completion of the first real on-chain 4-bit processor (CPU) on the BNB Chain, which consists of 2251 logic gates, including NAND gates and flip-flops, and has been verified cycle by cycle. Its performance specifications are comparable to the 1971 Intel 4004 processor. This on-chain CPU is named "Behemoth" and has successfully run Fibonacci sequence calculations: 1, 1, 2, 3, 5, 8, 13. Due to the processor's operating rhythm being synchronized with the BNB Chain's block generation, it executes a cycle every 0.45 seconds, with a current operating frequency of about 2.22Hz, referred to by the developer as "possibly the slowest CPU in the universe."The developer stated that in the future, a complete protocol will be made public, allowing anyone to create their own on-chain processors based on this protocol, and supporting inter-calls between processors to build more complex on-chain computing systems in a "building block" manner. Regarding this project, Binance co-founder CZ responded to inquiries about its practical application scenarios: "What is the use case?" which sparked community discussions.
app_icon
ChainCatcher Building the Web3 world with innovations.