ChainCatcher news, according to Cointelegraph, investment management company Apollo Crypto has released a report highlighting the potential for a second wave of growth in decentralized finance (DeFi), viewing macroeconomic factors such as the recent interest rate cuts by the Federal Reserve and credit expansion in China as key drivers of DeFi growth.The report points out that after experiencing the peak of "DeFi summer" in 2020, the market slowed down. However, protocols like Maker, Uniswap, and Aave have become mainstream in the industry. As of now, the total TVL of DeFi is approximately $105 billion.The report also mentions the decentralized finance (DeFi) infrastructure, stating that "the focus in recent years has been on building cryptocurrency infrastructure" to establish "a large amount of cheap block space." This allows DApps to access block space with "higher performance speeds" and reduces transaction costs on L2 scaling solutions.

ChainCatcher news, according to CoinDesk, Bitcoin has risen by 7% in the past five days, breaking the $64,000 mark for the first time since August 26. Meanwhile, gold has set new all-time highs over 30 times this year, surpassing $2,600 per ounce. Charlie Bilello, Chief Market Strategist at investment management and financial planning firm Creative Planning, stated that this is the first time since Bitcoin's inception in 2009 that both Bitcoin and gold have become the best-performing assets of the year.Analyst James Van Straten noted that the outstanding performance of Bitcoin and gold is related to the increase in global liquidity, the expansion of global central bank balance sheets, and the recent interest rate cuts by the Federal Reserve, which stimulate investment and economic activity. The current balance sheet of the Federal Reserve stands at $7.1 trillion, and although quantitative tightening is still underway, the pace has slowed. The reduction in reverse repo balances, now just above $300 billion, has released liquidity back into the financial system. This has a stimulating effect, increasing the availability of funds for loans, investments, and overall economic activity.From a broader perspective, the total balance sheet of the world's 15 largest central banks (including the U.S., EU, Japan, and China) is approaching $31 trillion. While this figure itself is not the focus, the trend shows a global recovery of central bank balance sheets since July, rising from about $30 trillion. This increase in liquidity is particularly stimulating for Bitcoin, as its price movements often correspond with liquidity trends. Additionally, the Federal Reserve's 50 basis point rate cut further supported the rise of both Bitcoin and gold.

ChainCatcher news, Onchain Foundation's research director Leon Waidmann released data showing that the Ethereum Layer 2 ecosystem is experiencing strong growth, with the total locked amount reaching a historic high of 14.65 million ETH.Waidmann emphasized that this growth is not only reflected in USD value, but the locked amount of ETH itself is also continuously rising, indicating that the Ethereum ecosystem is rapidly expanding.

ChainCatcher news, according to The Block, Paxos announced its expansion to the Ethereum Layer 2 network Arbitrum and launched its products on Arbitrum One.While it is still unclear what specific products Paxos will launch on Arbitrum, Luke Xiao, head of fintech partnerships at Arbitrum developer Offchain Labs, stated in a statement on Tuesday that Paxos has decided to bring its stablecoin issuance and regulated tokenization platform to Arbitrum.

ChainCatcher news, DeFi analyst Ignas stated that Solana is facing a critical turning point, as its transition from a monolithic blockchain to a modular architecture has sparked industry discussions.Ignas pointed out that this transition could affect Solana's positioning within the cryptocurrency community, with the key being whether the concept of "network scaling" can gain recognition. During this bull market, ETH is positioned between BTC and SOL. He believes that if Solana adopts a Layer 2 scaling model similar to Ethereum, SOL could become the new ETH. However, this depends on how the new architecture impacts the actual performance of the Solana ecosystem.Ignas warned that if Solana faces issues such as liquidity fragmentation, its position could become uncertain. Furthermore, speculators may turn to chase "network scaling" tokens within the Solana ecosystem rather than SOL itself, which could hinder SOL's price growth.

ChainCatcher news, Renzo Protocol announces the launch of its governance token REZ on Solana to enhance its influence in the blockchain ecosystem. The REZ on Solana will maintain a 1:1 peg with the REZ on Ethereum, and this token will comply with Solana's token standards, making it compatible with the decentralized finance ecosystem of the blockchain.REZ was initially deployed on Ethereum and will be transferred to Solana using the Wormhole framework. The Guardian network of the multi-chain protocol utilizes secure cross-chain proofs to ensure seamless token transfers between Ethereum and Solana.

ChainCatcher message, B² Network has reached a strategic partnership with Aptos and Echo Protocol to promote the expansion of BTCFi into the Move ecosystem.This collaboration marks BTCFi's first attempt in the Move ecosystem, with the Aptos Foundation, B² Network, and Echo Protocol each providing 10% APY returns, B² token incentives, and Echo Points rewards respectively for the first phase participants. Currently, 2000 BTC have successfully crossed from B² Network to Aptos's Echo Protocol and have begun to earn rewards.B² Network will continue to explore more multi-chain BTCFi scenarios to promote the development of BTCFi across the entire chain.

ChainCatcher news, according to Cointelegraph, although historically August has been a bearish month for Bitcoin, September may bring the long-awaited breakthrough.Analyst Mikybull stated that based on the technical charts on the weekly chart, Bitcoin is in the final expansion phase (the fifth wave), and the price of Bitcoin may further reach $95,000, followed by $143,000.

ChainCatcher news, according to CoinDesk, 10x Research founder Markus Thielen pointed out that the rebound in cryptocurrency prices is supported by the strong expansion of stablecoins, with the minting volume of stablecoins reaching $1 billion on a 7-day average.In addition, LMAX Group market strategist Joel Kruger stated in an analysis report released this Monday: "Technically, the market is increasingly resembling a bullish consolidation before the next significant surge. This would mean that Bitcoin will set a new high, and ETH may also break its annual high and challenge the historical high set in 2021."

ChainCatcher news, Binance CEO Richard Teng has focused on transitioning the company from founder-led to board-led since taking over last year. He has made it clear that Binance's current financial situation is stable and there are no plans for an IPO.Teng emphasized that the company is strengthening its relationships with global regulators to ensure sustainable development for the next 50 to 100 years. Despite the former CEO CZ being sentenced for violating U.S. laws and stepping down from company management, Binance's co-founder He Yi still plays an important role in the management team. Currently, Binance does not plan to expand into the U.S. market but is focusing on business development in the global market.

ChainCatcher news, the SUN.io official governance page shows that the voting for the SUN.io Meme expansion proposal has ended, and the contract has been executed. The proposal involves adding a dedicated Meme asset feature to meet user demand for Meme assets in the TRON ecosystem. Ultimately, this proposal passed with 94,984,852 votes in favor.It is reported that in order to better meet user participation needs for Meme-related assets, SUN.io will enhance the security and efficiency of smart contracts through technical upgrades, while optimizing the interface and adding a dedicated Meme asset section to improve user experience. In addition, SUN.io will launch marketing strategies specifically targeting Meme assets to promote the development of this field.

ChainCatcher news, the DeFi platform SUN.io based on the TRON blockchain has passed the "Meme Expansion Feature" proposal through community voting, with a support rate of over 90%. It is currently in the queue for contract execution.SUN.io strengthens smart contract security and efficiency through technical upgrades, optimizes the interface by adding a Meme asset area to enhance user experience, and combines targeted marketing strategies to fully leverage the popularity of the Meme market for future promotions.

According to ChainCatcher news, the WEMIX Foundation announced the termination of the WEMIX token burn plan and will redirect resources towards ecosystem expansion. At the same time, its team will continue to promote a deflationary token economy through the WEMIX Pay buyback plan, committing to use at least 4-5% of WEMIX Pay revenue for buybacks.It is reported that the WEMIX Foundation has implemented token burns in various ways, including six large-scale burns, batch burns, and automatic burns.Previous news indicates that during the Brioche hard fork on July 1 of this year, the foundation burned 435 million WEMIX (40% of the total issuance) and implemented a block minting halving mechanism.

ChainCatcher news, according to Decrypt, the application chain infrastructure protocol Tanssi announced an important partnership with Grupo Flow, one of Brazil's largest digital media ecosystems, to assist its blockchain expansion on Polkadot. Grupo Flow has over 23 million subscribers and is entering the blockchain space by creating Flow Chain.Tanssi's infrastructure will support Grupo Flow in launching a dedicated application blockchain, Flow Chain, enhancing user engagement through tokenized interactions and decentralized governance. Grupo Flow's Chief Business Officer Andre Gaigher stated that the potential to connect with audiences through their own chain is exciting, and they look forward to exploring the roadmap in the lab to drive the initial functionalities of the ecosystem. Through integration with Polkadot, Flow Chain will leverage the interconnected blockchain network to expand into ecosystems like Ethereum and Avalanche, ensuring security and consistent performance.

ChainCatcher news, according to CoinDesk, previously Culper Research released a short-selling report, stating that the Bitcoin mining company Iris Energy's plant in Childress, Texas, is unsuitable for artificial intelligence or high-performance computing, leading to a nearly 14% drop in Iris Energy (IREN) stock price yesterday.Brokerage firm Bernstein stated in a research report that the company has allocated most of the planned expansion at the site for Bitcoin (BTC) mining, and the existing power and data center infrastructure there is very suitable for this purpose. Analysts led by Gautam Chhugani wrote, "Iris Energy has not claimed any intention to convert its Bitcoin mining site in Childress for artificial intelligence."Bernstein estimates that 65% of the company's value comes from Bitcoin mining, while the remaining 35% comes from AI/HPC. The company's valuation is consistent with other Bitcoin mining companies like CleanSpark (CLSK) and Marathon Digital (MARA), whose entire valuations are driven by mining.

ChainCatcher message, UniSat has released important updates regarding the Swap product on its official website. The announcement states that after extensive testing over the past year and a half, the team has preliminarily verified that the product can operate normally on the Bitcoin mainnet. Most of the engineering work for the Swap module has been completed, and the remaining work mainly involves assisting indexers, other than the UniSat Indexer, to effectively identify and calculate inscriptions related to the swap module.In addition to advancing the standardization of swaps, the team has also made progress in systematically scaling Bitcoin through a method called Fractal Bitcoin. Given the current progress, the team is very confident in delivering Fractal Bitcoin in September. On Fractal Bitcoin, the official will provide a swap product called Fractal Swap, which has the same functionality as the mainnet swap module, ensuring that projects on Fractal Bitcoin have good liquidity from the start. In subsequent iterations, BTC and other mainnet assets can also exist as brc-20 wrapped assets on Fractal Bitcoin, providing greater flexibility.Finally, the official stated that more details about this incentive model will be released in the near future.

ChainCatcher message, Farcaster co-founder Dan Romero responded on social media to users' comments that "hope Warpcast's core is not just for English users," stating that Warpcast is an American team with no plans for international expansion. The team believes they can create an excellent client for English users but currently do not have enough bandwidth to serve international users well. Phaver, Firefly App, and supercast are clients that are doing well internationally.