According to Odaily, Aleph Zero has introduced a new Ethereum Layer 2 mainnet that incorporates Arbitrum Orbit technology and zkOS tools. The new mainnet aims to support the development of Ethereum-compatible applications and promises users an 'exceptionally fast and efficient blockchain.'

According to BlockBeats, on August 12, TechCrunch reported that prediction market Polymarket, which allows users to bet on real-world events, is collaborating with AI-driven search engine Perplexity to display news summaries of events.

When users click on an event on Polymarket, they can now view news summaries based on Perplexity's search results, along with a search box for asking additional questions. Polymarket will also use Perplexity's Pages feature, which allows users to create shareable pages from search results, to create a column displayed on Perplexity's Discover page. Perplexity has indicated that it will explore more third-party partnerships to showcase content in its Discover section.

According to PANews, Symbiotic has initiated its development network on the Ethereum Holesky testnet, with plans to launch its mainnet later in the third quarter. Symbiotic positions itself as a competitor to EigenLayer, Ethereum's first re-staking protocol, by allowing users to deposit funds through a shared security model to support third-party protocols. In addition to Ether and specific derivatives, Symbiotic supports various ERC-20 tokens. The deployment includes Symbiotic's core contracts, such as its insurance vault and staking system, enabling the re-staking of any asset to secure third-party protocols.

According to PANews, the cryptocurrency SATS (Ordinals) experienced a significant increase in its daily trading value, rising by 14.6%. This surge has allowed SATS to surpass ORDI (ORDI) in market capitalization. The notable performance of SATS highlights its growing prominence in the cryptocurrency market.

According to Odaily, BNB Chain has announced the launch of its Fourth Anniversary Ecosystem Catalyst Awards to recognize projects that have significantly contributed to its development. The awards will cover categories such as Innovation Excellence, Decentralized Finance, Gaming, NFTs and Metaverse, Infrastructure, and Rising Stars.

The event will be conducted in six stages: Nomination (August 12-25), Shortlisting (August 26-29), Announcement of Candidates (August 30), Community Voting (September 2-9), Announcement of Winners (September 10), and Winners' AMA (September 17 and 19). BAB token holders can vote for up to two projects from the shortlist each day.

According to Foresight News, Ethereum experienced a brief surge, surpassing the $2700 mark. As of now, it is trading at $2,690.18 USDT, reflecting a 2.03% increase over the past 24 hours.

According to PANews, approximately 46 minutes ago, a phishing scammer transferred 1884 ETH, equivalent to $5.04 million, to a new address. This information was monitored and reported by Scam Sniffer.

According to BlockBeats, on August 12, the deBridge Foundation officially announced the launch of the DBR token allocation eligibility page. The total supply of DBR tokens is set at 10 billion, with an initial circulating supply of 1.8 billion tokens.

At the time of launch, the distribution of the circulating supply is as follows: 10% allocated to the community and startup initiatives, 5% to the deBridge Foundation, and 3% to the ecosystem. The remaining 82% of the tokens will begin unlocking six months after the Token Generation Event (TGE), with quarterly unlocks over a period of three years.

According to Odaily, Tether CEO Paolo Ardoino revealed in an interview with Wired that the company is financially robust and is venturing into unfamiliar territories such as artificial intelligence. Tether aims to challenge tech giants like Microsoft, Google, and Amazon. The company has acquired a majority stake in Blackrock Neurotech, a startup specializing in neural implant technology, and has invested in Northern Data Group, a data center operator whose infrastructure is used for training AI models.

According to BlockBeats, on August 12, Cyvers Alerts reported that a fraudulent phishing address converted all its digital assets into 2881 Ethereum, valued at approximately $7.66 million. The stolen funds were subsequently transferred to two different addresses.

According to Odaily, only 66% of Ethereum addresses are currently in a profitable state. The recent market downturn has significantly impacted Ethereum, resulting in losses for many holders. The last time a similar profitability ratio was observed was in October 2023, when Ethereum's price was approximately $1800.

According to Odaily, market attention is focused on this week's U.S. Consumer Price Index (CPI) report, with traders hoping it will provide the Federal Reserve with the necessary data to initiate rate cuts at the next meeting in September. Given that Federal Reserve Chairman Jerome Powell may soon outline a rate cut plan at the Jackson Hole Economic Symposium, traders are questioning whether market movements during his speech will surpass those following the inflation data release.

Later this month, Powell's message could assist investors in predicting the number of rate cuts over the next year. This follows his indication at the end of July that policymakers might reduce borrowing costs at the September meeting.

According to BlockBeats, on August 12, Marathon Digital Holdings, a prominent Bitcoin mining company, announced its intention to issue $250 million in convertible senior notes through a private placement. The offering is aimed at qualified institutional buyers, contingent upon favorable market conditions and other factors. These notes are set to mature in 2031.

According to BlockBeats, on August 12, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio on social media. Kang stated, 'I do not believe that SUI's market cap will reach the level of SOL, but its current market cap is only 3.5% of SOL's. This sounds similar to the arguments made by the .eth community before or during SOL's outperformance.'

According to PANews, the latest data from Alternative indicates that the Fear and Greed Index has dropped to 25 today, down from 39 yesterday. This decline reflects a significant shift in market sentiment, which is now categorized as 'extreme fear.'

According to BlockBeats, on August 12, Yale University Professor Pavun published a new paper discussing the future of the gaming industry and the Web3 gaming sector. In his paper, he introduced the innovative theory of ServerFi, which could become a new focal point for capital and community investment in the Web3 industry.

The paper provides a detailed analysis of the milestones and challenges faced by the gaming industry over the past decades. It highlights the significant reasons behind the collapse of game economics (Tokenomics) and explains how Web3 project developers should share assets with players using the theory of entropy increase. The ServerFi model allows players to own servers and enjoy subsequent game revenues, ensuring the steady growth and healthy development of game tokens.

On Aug 12, 2024, 11:00 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 59,000 USDT benchmark and is now trading at 59,003.550781 USDT, with a narrowed narrowed 3.35% decrease in 24 hours.

According to Odaily, the 'Web3.0 Reshaping the Future of Finance Summit and Broken Bound Global Innovation Ecosystem Conference,' organized by Broken Bound, concluded in Hong Kong on August 12, 2024. The event brought together experts, scholars, and industry leaders from the global blockchain sector to discuss the development and innovation paths of DeFi and the Web3.0 ecosystem. Nearly a thousand participants from Asia, Europe, and North America attended the conference.

The summit covered various innovative projects, including Broken Bound's BVP cross-chain bridge technology, community token LP ecosystem, and MEMECoin market-making services. There was an in-depth analysis of the current state and future development of the global DeFi market. Experts focused on how technological innovation can drive asset liquidity and value appreciation, particularly in constructing a decentralized financial ecosystem within the Web3.0 framework.

The Broken Bound team announced plans to continue their global tour to strengthen cooperation and development within the global blockchain community. They emphasized their commitment to driving transformation in the global financial ecosystem through ongoing technological innovation and ecosystem building.

According to Foresight News, blockchain investigator ZachXBT has identified a significant WBTC holder as being connected to a suspicious entity involved in ransomware and pig-butchering scams. The holdings data are as follows:

One address, 0xed805ac246f441ea0d057b81d910ef1e39eb5995, holds 1,253 WBTC, equivalent to $73 million. Another address, 0x9a5c7630d327885ae849217702824e5835d3c5e0, holds 185 WBTC, valued at $10.8 million.

ZachXBT's findings raise concerns about the potential misuse of significant cryptocurrency holdings by entities engaged in illicit activities. The identification of these addresses highlights the ongoing challenges in tracking and regulating digital assets to prevent their use in criminal enterprises.

According to PANews, the cryptocurrency SUI experienced a brief surge, reaching the $1 mark before retreating slightly. As of now, SUI is trading at $0.9928, reflecting a daily increase of 13.51%.