Evening News | Ethereum merge expected to take place on September 15; Aptos incentive testnet 3 registration starts today

Organizer: AChai, Chain Catcher

"What Important Events Happened in the Last 24 Hours"

1. Ethereum Merge Mainnet TTD Confirmed, Expected to Take Place on September 15

Crypto KOL Gucci.eth tweeted that the latest Ethereum core developer meeting has confirmed the Ethereum Merge mainnet TTD to be 58750000000000000000000 (transitioning to a PoS network), the same as previously tentatively set, "This means the Ethereum Merge will officially go live around September 15." Additionally, according to totaldifficulty.com estimates, the merge is expected to occur at 12:29 on September 15. (Source link)

2. Binance Innovation Zone Launches Stargate (STG) on August 19 at 17:00

According to the official announcement, Binance Innovation Zone will launch Stargate (STG) on August 19 at 17:00, opening trading pairs STG/BTC, STG/BUSD, and STG/USDT. This is the first new coin launched by Binance in nearly three months. (Source link)

3. BendDAO Conducts First Liquidation Auction for BAYC, 20 BAYC Health Factors Below 1.1
NFT collateral lending protocol BendDAO has conducted its first liquidation auction for BAYC, numbered #533, with no bids currently. It is reported that bids must exceed 95% of the NFT floor price; if the item does not sell, the platform will bear the floating loss or the borrower's future debt repayment.

The current BAYC floor price is 69.69 ETH, with a market cap of $1.84 billion, down 1.95% in the last 24 hours. Currently, the BendDAO platform has 20 BAYC with health factors below 1.1, totaling 40 BAYC with health factors less than or equal to 1.1 (when the health factor is below 1, NFT liquidation auctions will be initiated). (Source link)

4. Aptos Incentive Testnet 3 to Launch on August 30, Registration Starts Today

The public chain project Aptos will start registration for its Incentive Testnet 3 today, beginning node and identity verification, with registration ending on August 26 and results announced on August 27. Incentive Testnet 3 will launch on August 30 and conclude testing on September 9. (Source link)

5. Data: Total Blockchain Financing Amount Decreased by 43% Month-on-Month in July, Total Transactions Decreased by 26%

The explosive growth of venture capital in the blockchain industry in 2021 and the first half of 2022 seems to be cooling off after seven consecutive months of growth. According to Cointelegraph Research data, the total financing amount in the blockchain industry dropped from $3.5 billion in June to $1.98 billion in July, a decrease of 43%, with total transactions down 26%, and the average transaction amount continuing to decline.
In terms of investment distribution, capital favors the Web3 sector over DeFi. The Web3 sector accounts for 44% of total investment, with 55% of total transactions, while the DeFi sector accounts for 27% of total financing, with 17% of total transactions. Additionally, the GameFi sector accounts for 20% of total transactions, and the Metaverse sector accounts for 17% of total transactions. (cointelegraph)

6. AI Analysis Company Solsten Completes $21.8 Million Series B Financing, Led by Konvoy

The AI analysis startup Solsten, focusing on the psychology of blockchain game players, announced the completion of $21.8 million in Series B financing, led by Konvoy, with participation from Inventure, GFR Fund, Sisu Game Ventures, the University of Wisconsin-Madison Alumni Fund Bascom Ventures, as well as Galaxy Interactive, Dentsu Ventures, and private equity firm Warburg Serres.
Solsten primarily helps game development companies create more vivid and engaging digital experiences by analyzing player psychology, with clients including blockchain game Axie Infinity developer Sky Mavis, blockchain game studio Mythical Games, and Super Evil Megacorp, Starbreeze, Tilting Point, and Wooga. (Source link)

7. Web3 Venture Capital Firm SuperLayer Launches $25 Million Fund, Led by Polygon

Web3 venture capital firm SuperLayer has launched a $25 million fund, with Polygon as the lead investor and strategic partner. SuperLayer was launched in October 2021, focusing on funding and supporting brands and companies implementing tokenized economies using the RLY protocol, backed by investors such as Yat Siu of Animoca Brands and Chris Dixon of Andreessen Horowitz. (Source link)

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

1. Detailed Explanation of Potential Security Attacks Facing Ethereum Post-Merge

In anticipation of the upcoming Ethereum merge, author jmcook.eth summarizes various consensus attack methods based on extensive research literature and mentions some solutions. Overall, after transitioning to the PoS consensus mechanism, the more staked ETH controlled by attackers, the greater their chances of success. However, Ethereum's built-in "carrot and stick" incentive layer can prevent most malicious behaviors, especially for low-staked attackers. Nevertheless, for 34%, 51%, or 66% attacks, community coordination may be required to resolve them, making the prevention of staking centralization crucial for the security of the Ethereum network.

2. 7 O'Clock Capital: Understanding the Prosperity and Sustainability of the Cross-Chain Track

With the arrival of the Web3.0 era, decentralized and distributed technologies have made information and data completely transparent and public. Although different public chains are technically independent due to different codebases, the spirit of the internet has led more Web3.0 developers to solve this problem through technology.

Cross-chain technology has emerged as a "bridge" in the Web3.0 world, providing great convenience for the secure intercommunication and sharing of data and assets. At the same time, the application of cross-chain technology has made the ecosystems of major public chains more decentralized.

3. Ethereum Merge Short, Medium, and Long-Term Investment Guide

Ethereum is about to undergo the largest structural change in crypto history. The final testnet Goerli has recently been successfully completed, with the mainnet target date set for September 15, 2022.

After the merge, Ethereum will become the first large-scale structurally demanded asset in crypto history. This article analyzes multiple aspects of the Ethereum model to understand key fundamentals, such as supply reduction and post-merge staking rates.

4. Dogechain Guide: A New Dimension of Meme Culture

On August 13, 2022, a development team launched Dogechain, which immediately exhibited impressive growth statistics. Within just 72 hours of its release, over 20,000 new wallets were created on Dogechain, and more than 200,000 transactions were completed. Dogechain has been enthusiastically received by the crypto community, but what exactly is Dogechain?