The market for altcoins has rebounded significantly since last weekend. The interest rate for borrowing stablecoins denominated in US dollars (such as USDC and Tether) on the Aave platform has skyrocketed to over 10%. Aave is the largest lender in the DeFi project, allowing peer-to-peer encrypted cryptocurrency transactions without intermediaries. The higher interest rate means that more traders are willing to pay to borrow stablecoins, indicating that they are increasing their cryptocurrency bets. The lending rates for DeFi and the financing rates for perpetual contract markets continue to rise, creating arbitrage opportunities for traders between the two. Spencer Hallarn, a derivatives trader at cryptocurrency investment company GSR, said: "Aave and perpetual contract rates should typically have some correlation, as you can arbitrage between the two. Overall, this indicates demand for holding cryptocurrency in the derivatives market."
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The interest rate for borrowing USD stablecoins on the Aave platform has surged to over 10%
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Consensys releases MetaMask privacy statement update, clarifies that private keys are not collected, personal information is not sold, etc.
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ChatGPT suffered another major failure two weeks later
On June 17th at 2:00 PM EST (June 18th at 2:00 AM Beijing Time), users reported a malfunction with OpenAI's ChatGPT on DownDetector. OpenAI quickly confirmed the issue with ChatGPT and updated their status bar at 2:39 PM, stating that they were investigating the high failure rate of ChatGPT. According to reports, mobile and web versions of ChatGPT in the US and the UK were intermittently unable to respond to user queries, either for several minutes or not at all, and displayed various errors (answers). As of 5:00 PM, OpenAI updated their status bar to indicate that all systems were operational, and DownDetector showed a decrease in error reports for OpenAI. ChatGPT 3.5 and ChatGPT 4o are able to generate answers that include images. -
The History & Future of $MONEY
Stablecoins have emerged as a foundational pillar within decentralized finance (DeFi), providing access to a fast, efficient, borderless, and stable way to transfer value on the internet. Among the plethora of decentralized stablecoin projects, one stands out for its innovative approach and groundbreaking advancements: $crvUSD.
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Linea mainnet has bridged 652,800 ETH
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ZK Nation: Airdrop collection will start on June 17, and we are preparing a more systematic way to handle feedback for the community
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The digital collection platform that refuted the rumor and ran away was collectively complained, and the price of the collection dropped from 199 yuan to 9 yuan
A screenshot of a digital collection platform called "extremely arrogant" by netizens announcing its "runaway" has been circulating online recently. The announcement is signed by the Shenlong Shucang operating team of the digital collection platform, which loudly declares, "We're running away! There's no feast that doesn't end. This feast is only left with a mess on the ground. Smart people have already eaten enough and left the table. But you don't want to leave and instead keep tapping your bowl with chopsticks. What you'll get is a huge bill for buying into this feast." Subsequently, Shenlong Shucang released a statement denying the rumor of the platform's runaway on its app. However, complaints about the platform's suspected fundraising and false advertising have been constantly emerging. Recently, several consumers revealed that Shenlong Shucang used the joint development of digital collections with the Xi'an Ming and Qing Shadow Puppet Art Museum as "endorsement," and earned nearly 3 million yuan in one day. But after attracting consumers to buy in, they changed the creators. Moreover, the digital collections purchased by consumers on the platform quickly plummeted in price within a few days. "I only realized after buying the collection that all the prices were falling. Some items had dropped from 199 yuan to 9 yuan," the consumer said. -
Blast announces the final distribution details of "Gold Points"
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Curve founder holds 111.87 million CRV collateral and $20.6 million in debt on 4 platforms
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Holdstation, an account abstraction wallet on ZKSync, completes strategic round of financing, with participation from SNZ Capital and others
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