According to PANews, AI-driven liquidity allocation protocol Quantlytica has successfully raised €1 million in funding. The round saw participation from notable supporters including Polygon Labs Ecosystem Fund, Web3Port Foundation, Eureka Partners, DWF Ventures, Connectico Capital, and ZBS Capital. This funding aims to address liquidity allocation challenges within the Web3 space by simplifying the process of finding and constructing optimal fund strategy portfolios. Quantlytica integrates AI models to conduct multidimensional learning on DeFi projects and market data, offering a variety of modular tools that make DeFi portfolio construction and testing more efficient and user-friendly. The newly raised funds will be utilized to support protocol development, enhance AI assistance within the ecosystem, and break down liquidity barriers between users and project teams. Additionally, Quantlytica's second season points activity went live on August 2, with the Token Generation Event (TGE) schedule to be announced soon.

According to BlockBeats, on August 8, Franklin Templeton announced the expansion of its tokenized money market fund to the Arbitrum network. This move signifies a significant step in the integration of traditional financial products with blockchain technology, aiming to enhance accessibility and efficiency in the financial markets.

According to Odaily, Franklin Templeton, an asset management company with $1.5 trillion in assets, has launched its on-chain US government money market fund (FOBXX) on Ethereum via the Arbitrum layer-2 network. This marks the third blockchain supported by the fund, following its previous launches on Stellar and Polygon.

According to BlockBeats, on August 8, Forexlive analyst Adam Button reported a decrease of 17,000 in initial unemployment claims compared to the revised level of the previous week. This reduction suggests that the increase in claims was more influenced by the impact of hurricanes rather than a fundamental trend. While the drop in initial claims is a positive sign, the rise in continuing unemployment claims indicates that some workers are taking longer to find new employment. Despite recent concerns over the data's increase, today's figures have restored the previous situation, leading to a rise in the dollar.

According to BlockBeats, on August 8, Ethereum has broken through the $2500 mark, currently trading at $2514. This represents a 2.3% increase over the past 24 hours.

According to Odaily, PancakeSwap has announced on the X platform that it has distributed 16,608 CAKE tokens to users who participated in the previous round of staking share pools. The new veCAKE is now live.

According to Odaily, Bloomberg Senior ETF Analyst Eric Balchunas reported on the X platform that Bitcoin ETFs experienced renewed inflows on Wednesday. This follows a period of very mild outflows over the previous two days, which accounted for only 0.5% of the total assets under management. Despite a 14% drop on Monday and a 21% decline this week, 99.5% of the funds remained stable.

Balchunas noted that IBIT did not see any outflows, although trading volume reached $5 billion, which he described as unusual. He expressed optimism about the resilience of Bitcoin ETF investors across all asset classes, as the initial expectation was for a 2-3% outflow of assets under management.

According to Odaily, Aave DAO has successfully deployed its first on-chain fixed income loan in collaboration with Trident Digital, IntoTheBlock (ITB), and TokenLogic. The product, valued at $100 million, aims to provide a secure and balanced solution for both lenders and borrowers. Trident Digital CEO Anthony DeMartino explained that the new fixed income loan model will offer certainty in terms of fixed rates and terms for both borrowers and lenders.

On Aug 08, 2024, 12:34 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,500 USDT benchmark and is now trading at 2,512.25 USDT, with a narrowed 1.92% increase in 24 hours.

On Aug 08, 2024, 12:34 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 58,000 USDT benchmark and is now trading at 58,215.171875 USDT, with a narrowed 1.84% increase in 24 hours.

According to BlockBeats, the number of initial jobless claims in the United States for the week ending August 3 was reported at 233,000. This figure is lower than the anticipated 240,000 claims. The previous week's number was revised from 249,000 to 250,000.

On Aug 08, 2024, 12:31 PM(UTC). According to Binance Market Data, BNB has crossed the 490 USDT benchmark and is now trading at 491.600006 USDT, with a narrowed 0.25% increase in 24 hours.

According to Odaily, data from IntoTheBlock reveals that Bitcoin's 30-day volatility has reached its highest level since March of this year. The increase in volatility indicates potential trend shifts and heightened market uncertainty.

According to PANews, ING Bank has indicated that while an economic recession is unlikely, the US dollar may face further declines due to potential interest rate cuts by the Federal Reserve in response to upcoming weak US economic data. Analyst Chris Turner noted in a report that weak economic data combined with a responsive Federal Reserve is expected to steepen the yield curve and increase risk appetite, leading to a softer dollar. The Federal Reserve may signal a rate cut at the Jackson Hole symposium scheduled for August 22-24. In the coming weeks, the US Dollar Index (DXY) could test the 102 level.

According to Foresight News, Whale Alert has reported that the USDC Treasury has minted 250 million USDC on the Solana blockchain. This significant minting event highlights the ongoing activity and growth within the Solana ecosystem, as well as the increasing utilization of USDC, a popular stablecoin pegged to the US dollar. The minting of such a large amount of USDC indicates a strong demand for stablecoins on the Solana network, which is known for its high-speed transactions and low fees. This development is likely to have implications for the broader cryptocurrency market, as stablecoins like USDC play a crucial role in providing liquidity and stability. The Solana blockchain continues to attract attention from various sectors within the crypto industry, and this latest minting event underscores its growing importance.

According to Odaily, the Mundus engine, a project within the Tabi ecosystem of the modular Cosmos L1 gaming blockchain, has officially joined the Nvidia Developer Program. This move aims to transform Mundus into the most efficient and user-friendly gaming infrastructure for transitioning web2 games to web3. By integrating the CUDA toolkit into the Mundus engine, developers using Nvidia graphics cards can significantly increase their development speed on the platform. Additionally, the introduction of technologies such as ray tracing in games will enable the creation of more realistic gaming environments.

Binance's proactive measures and collaboration with industry players and the public sector have successfully recovered and frozen over $73 million in user funds between January 1 and July 31, 2024. This is a significant increase from the $55 million recovered in 2023.Through these efforts, Binance has helped users recover misplaced and lost digital assets, with about 80% of these recoveries related to external hacks, exploits, and thefts. The remaining 20% are associated with scams outside the Binance platform. Commitment to User ProtectionJimmy Su, Chief Security Officer at Binance, emphasizes the company's commitment to protecting users and enhancing the overall security of the cryptocurrency ecosystem. He highlights that market growth and volatility often attract new investors who may be more vulnerable to scams and hacks, leading to larger monetary losses during these periods.Collaborative Security ApproachBinance's hands-on approach to collaborative security in the Web3 space has expanded to include more third-party services, resulting in greater coverage when tracking and recovering stolen funds. This proactive security strategy is bolstered by the transparency of public blockchains, which allow for easier tracing and recovery of funds.Blockchain Technology as a Crime-Fighting ToolThe increase in recovered and frozen funds this year indicates the efficiency of Binance’s security measures rather than a rise in criminal activity. The public nature of blockchain transactions facilitates the identification and monitoring of suspicious activity, providing essential evidence to take action against criminals.“Blockchain technology offers us a powerful tool in gathering essential evidence and taking action against criminals, paving the way for a more secure and safer investment environment,” said Jimmy Su. He also advises users to stay cautious and conduct thorough research.Industry-Wide ImpactAccording to Chainalysis’ 2024 Crypto Crime Report, 2023 saw a significant drop in the value received by illicit cryptocurrency addresses, totaling $24.2 billion, down from $39.6 billion in 2022. The share of all crypto transaction volume associated with illicit activity also fell to 0.34% from 0.42% in 2022. This reduction highlights the effectiveness of proactive security measures in the industry, with Binance leading these efforts.

According to Odaily, Enjin has announced on the X platform that Enjin Relaychain v1.3 and Enjin Matrixchain v1.1 are scheduled to go live on the mainnet on September 9. This upgrade, named Kampong Glam, will introduce significant updates that the community has been eagerly anticipating, including the provision of token deposits.

According to BlockBeats, on August 8, Automobili Lamborghini and Animoca Brands announced a partnership to explore digital operations in the automotive industry. The collaboration will be executed by Gravitaslabs and Motorverse, a digital automotive ecosystem created by Animoca Brands. Lamborghini stated that this partnership aligns with its mission to 'push beyond human limits' and embodies the brand values of 'bravery,' 'unexpectedness,' and 'sincerity.'

According to BlockBeats, on August 8, Scopescan monitoring revealed that an address suspected to be associated with Amber Group received 10.4 million MOG tokens from a centralized exchange (CEX). The total value of these tokens is approximately $2.17 million.