Headline News
Trillion dollar asset manager, Franklin Templeton filed for BTC spot ETF.
Singapore hosted multiple conferences alongside with Token2049 in which theme like RWA, ZK L2 and LSD are the hot topics.
FTX had been approved by court to starts its liquidation process, the top 3 crypto assets are SOL (approximately $1.1billion), BTC (approximately $620million) and ETH (approximately $230). Total crypto assets amount to approximately $3.4billion. 76% of the largest holding, SOL is locked and expected to release linearly until 2025, 2027 and 2028 separately.
CoinEx was hacked approximately $70M USD, reported by CoinEx on 15th September and promised to fully compensate affected users.
Macro-Outlook
US released CPI in August 3.7%, 10bps higher than expectation, CPI was 3.2% in July. The major rebound of US CPI was contributed by increase of oil price, hence, core CPI which excluded food and energy sector was within expectation, 4.3% which continue to fall for 6 consecutive months. Market expects 99% the rate will remain unchanged on Thursday and 61% rate will remain unchanged throughout the year.
Upcoming Economic Calendar including,
Thursday, 21st September 2:00am, FOMC meeting.
Cryptos-Outlook
Ethereum Holesky Testnet failed to launch on 16th September due to misconfiguration in the ExtraData field, it is expected to be relaunch after a week.
EIP-7514 was proposed into Dencun upgrade by adding maximum epoch churn limit to 8, this would slow down the Ethereum staking growth and buy time for research into more comprehensive solution to avoid overweight staked supply compromise the security benefits.
Trending Protocols
Layer 1 and Layer 2
opBNB mainnet is live, it’s value proposition are super cheap gas cost, decentralised sequencer, seamless integration with BNB Greenfield and account abstraction.
Arbitrum announced partnership with Expresso System to improve transaction ordering (Timeboost) and to bring a shared sequencing option to Arbitrum.
Enjin Blockchain is live, designed to optimise NFT transactions with low gas fee and seamless end-to-end app layer, from wallet to marketplace.
Mantle partners with Ondo Finance to launch USDY, US Treasury tokenised token on Mantle.
Cosmos liquid staking module is live, adding safety measures to liquid staking and unlocking instant liquid staking from the current 21 days un-bonding period.
Synapse has announced Synapse Interchain Network, an optimistic PoS interchain network and Synapse Chain, an OP stack L2 testnets are live.
Arbitrum passed 50M ARB tokens for the short term incentive program.
Dapps
Circle announced partnership with Grab, the super apps in South East Asia to enable web3 services in the app. Currently, Singapore Grab users are able to setup a Polygon wallet to earn rewards, NFT vouchers and collectibles.
MetaMask announced public launch of Snaps, enables third-party developers to build on MetaMask platform. Notably, ShapeShift Multichain Snap, enables native BTC, ATOM and DOGE support to MetaMask users.
LayerZero partners with Google Cloud for Google Cloud oracle to verify all LayerZero transactions by default.
Level Finance introduced LEVEL 2.0, an onchain orderbook model which supports crypto and synthetic assets.
Safe{Wallet} integration with zkSync Era is live.
Instadapp Avocado wallet is live on iOS app store.
Sushi is live on Aptos.
Upcoming Alpha: Token Unlock, Governance
Apecoin current undergo 2 snapshot voting, AIP-297 by Animoca Brands founder Yat Siu, proposing to allocate 750K APE to a sister DAO treasury for future NFTs acquisition. AIP-304 by Mochi Brother, proposing 11M APE to create a Digital Art Movement Collection to acquire BAYC, MAYC, BAKC, Punks and other notable NFTs.
TON announced to launch TON Space, self custody wallet right from the Telegram user menu.
AstarNetwork, a Polkadot parachain and Japan’s leading blockchain, is launching ZK L2 chain on Ethereum with Polygon CDK.
Yearn was teasing the launch of yETH soon.
1INCH Token Unlocked on 22nd September, amount representing 0.01% of the token supply.
dYdX Token Unlocked on 26th September, amount representing 3.72% of the token supply.
OP Token Unlocked on 30th September, amount representing 3.03% of the token supply.
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