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Authors: Wang Yang, Wen Yizhou Compile：WuBlockchain Original Link: Ta Kung Pao //www.takungpao.com/opinion/233119/2023/0822/884381.html In our previous article titled “Proposing Hong Kong to Issue a Hong Kong Dollar Stablecoin Backed by Foreign Exchange Reserves,” we advocated for the introduction of a stablecoin based on the Hong Kong Dollar (HKDG), backed by Hong Kong’s current foreign exchange reserves of up to $430 billion. We believe that this move will bring additional liquidity to Hong Kong, vitalize the financial markets, and greatly benefit major government investment projects and significant national development strategies. Although the government has not officially responded, our suggestion has drawn widespread positive reactions in society. Given the rapid development in the field of digital assets, especially the tokenization of real-world assets (RWA) and the plans of major entities to launch their own stablecoins, these developments highlight the urgency of issuing HKDG....

1. Uniswap v4 Expected to Go Live after Ethereum’s Cancun Upgrade and Security Audits link On July 6th, the Uniswap Foundation shared detailed information about the timeline for the upcoming release of Uniswap v4. Erin Koen, the governance lead at the Uniswap Foundation, posted on the Uniswap governance forum stating that the release is expected to take place within the next four months. The specific timeline will depend on the successful implementation of the upcoming Ethereum network upgrade known as the “Cancun” hard fork and the finalization of the comprehensive auditing process. 2. Blur Announces Launch of Blur v2 link On July 6th, Blur V2 was announced with two significant updates. Firstly, there is a 50% reduction in gas fees for transactions, making them more cost-effective. Secondly, the introduction of “Trait bidding” allows users to bid on desired traits within Punks, Degods, Milady’s, and other nine collections to earn additional points. Additionally, with the current gas...

Top10 News 1. Central Bank’s weekly summary a. Fed raises interest rates by 25 bps as scheduled link Fed raises interest rate by 25 bps. The U.S. will also release the April unemployment rate this week. CME shows that the probability of the next FOMC raising interest rates by 25 bps on June 14 is 68%, and the probability of stopping the rate hike is 31%. b. European Central Bank slows pace of rate increases link On May 4, the European Central Bank raised interest rates by 25 basis points, in line with market expectations. The decision marked the ECB’s seventh consecutive rate hike and put its policy rate at a nearly 15-year high, the highest since October 2008. Investors expect the ECB to keep raising rates in the coming months, even as they expect the US Fed to cut rates. 2. US banking industry’s weekly summary a. Regulators seize First Republic Bank, sell assets to JPMorgan link On May 1, United States regulators said First Republic Bank has been seized and a deal agreed to sell...

Data compiled by the WuBlockchain shows that: Spot trading volumes on major exchanges rose by 9.6% month-over-month in March. The top three increases were Gate +117%, Bybit +113% and Bitfinex +61%. The bottom three were Upbit -15%, Binance +3% and KuCoin +6%. Derivatives volume on major exchanges rose 46.8% month-over-month in March. The top three increases were Bitfinex +123%, Deribit +112% and Gate +66%. The bottom three were Crypto.com -5%, Bitget +21% and Kucoin +28%. Website traffic to the major exchanges rose 13% month-over-month in March. The top three increases were Mexc +81%, Gate +64% and Bybit +35%. The bottom three were Huobi -22%, BitMart -18%, and Bitfinex -1%. Note: The following data may be subject to serious concerns of wash trading/bot activities. Spot and derivatives data are from Coingecko, while traffic data is from Similarweb. Follow us Twitter: https://twitter.com/WuBlockchain Telegram: https://t.me/wublockchainenglish Source: https://thebittimes.com/cex-data-...