Rhythm Morning News｜A summary of important news from last night and this morning on August 15

Grass: Snapshot is being taken to confirm airdrop eligibility

BlockBeats news, on August 15, Grass posted on social media that the project is taking a snapshot to determine the upcoming airdrop eligibility, and the user's network participation (weighted by epoch) will be used as the reward benchmark. Details on how to check airdrop eligibility will be provided in the coming weeks, and more information about token economics will be shared.

GM tokens are now online

BlockBeats news, on August 14, gm.ai officials posted on social media that GM tokens are now online. Pre-sale participants have been airdropped xGM, and GM has been pre-deposited in the anchoring plan. If users choose to continue to participate in the Anchor program, no action is required. If you need to withdraw, you can convert xGM to GM. Airdrop participants will receive it in the mini program within 24 hours.

Binance is about to launch BANANA U-based perpetual contracts

BlockBeats news, on August 14, according to the official announcement, Binance will launch BANANA U-based perpetual contracts at 10:00 Beijing time on August 15, with a maximum leverage of 50 times.

OKX will launch ARKM, PIXEL, BOME spot trading

BlockBeats news, on August 15, according to official news, OKX will launch ARKM, PIXEL, BOME spot trading.

Former TON Foundation members founded TON Ventures with an initial scale of 40 million US dollars

BlockBeats news, on August 14, according to TheBlock, former TON Foundation members Ian Wittkopp and Inal Kardan established TON Ventures with an initial size of $40 million. The fund aims to support projects based on the TON blockchain. Wittkopp and Kardan served as director of TON Accelerator and director of games, respectively. TON Ventures mainly invests in start-up projects within the TON ecosystem, focusing on decentralized finance, games, advertising, marketing and regulated financial products.

Wittkopp said that if more partners are added in the future, the size of the $40 million fund may expand. TON Ventures currently supports more than a dozen startups including Catizen, Tradoor and Evaa Protocol. The average investment amount of the fund is $500,000 or less, but it will also participate in late-stage "strategic" transactions such as large agreements. The fund is expected to be fully deployed within a year.

Moonshot updates Meme coin issuance fee agreement, distributes profits to creators and majority holders

BlockBeats news, on August 15, according to Meteora official news, through Moonshot's launch of Meme tokens on Meteora, creators and majority holders will receive locked lifetime liquidity fees. Moonshot hopes to turn creators and early supporters into shareholders, allowing them to benefit from the long-term growth of tokens while reducing repeated pumping and selling behavior, a move aimed at challenging Pump.fun.

The initial liquidity will be permanently locked, and income will be distributed to liquidity providers. The dynamic fee agreement ranges from 0.15-15%. 80% of the funds collected through dynamic fees will be distributed:
20% to token creators;
70% to the initial top 50 token holders;
10% to DexScreener;
20% dynamic fees are passed on to integrators and trading robots that refer traders to the fund pool.

BlockBeats previously reported that on June 25, DEX Screener launched the token issuance platform Moonshot. According to reports, the tokens issued on the platform have no pre-sale, no insiders, and a fixed supply of 1 billion. Once the market value reaches 500 SOL, all remaining tokens and liquidity will be migrated to Raydium, and liquidity will be locked by destroying LP tokens.

Circle CEO: Harris campaign is actively engaging with the crypto industry

BlockBeats news, August 15, according to CryptoSlate, Circle CEO Jeremy Allaire said in an interview with CNBC that Harris’ presidential campaign team is actively working with the crypto industry, hoping to truly understand crypto industry participants, industries and policy issues, and prepare for the 2024 US election.

MetaMask announced that it will launch a Mastercard-supported crypto debit card

BlockBeats news, on August 14, according to CoinDesk, MetaMask announced that it will cooperate with payment giant Mastercard Incorporated and crypto payment expert Baanx to launch a blockchain debit card. The debit card allows MetaMask users to purchase directly from their self-hosted crypto wallets.

The card is expected to be fully launched later this year, first piloted among thousands of users in the European Union and the United Kingdom. Users can spend USDC, USDT and wETH assets on the Linea network. Mastercard has been working with Baanx on its web3 payment plan, connecting traditional payments with hardware wallet company Ledger and decentralized trading platform 1inch. Meanwhile, rival Visa (V) has partnered with Circle's USDC stablecoin and Solana (SOL) network to speed up cross-border payments.

Traders lowered their expectations for the Fed's rate cut, and some market participants were disappointed with inflation data

BlockBeats reported that on August 14, after the release of U.S. CPI data, interest rate traders lowered their bets on a 50 basis point rate cut at the Fed's September meeting, and expected a rate cut of about 33 basis points, compared with yesterday's expectation of 37 basis points.

Some market participants are still disappointed with the US inflation data, and analyst Chris Anstey said it is worth noting that the annual rate of US CPI inflation in July has now fallen below 3%, the lowest level since inflation first ignited in the spring of 2021. The initial volatility in the market was not large. The US 2-year Treasury yield is currently up more than 4 basis points, showing that some people are disappointed that the inflation data has not become more subdued.

Adam Button, an analyst at the financial website Forexlive, said that the market's pricing for the Fed's full-year rate cut has dropped from 106 basis points before the data was released to 103 basis points. This is a slightly hawkish reaction, indicating that the market has priced in more downside surprises. Nevertheless, the unrounded inflation number is better than the overall number. (Jinshi)

Head of Fidelity Digital Asset Management: I don't think there will be demand for altcoin ETFs, and the launch of Ethereum pledge ETFs is just a matter of time

BlockBeats news, on August 15, Cynthia Lo Bessette, head of Fidelity Digital Asset Management, said in an interview with The Block that the company has been thinking about its product roadmap, which mainly depends on the needs of customer groups and how to evaluate the market's support for this new product. There is currently no clear plan for spot ETFs other than Bitcoin and Ethereum.

Lo Bessette added that while the SEC has not yet approved an ETF that can pledge ETH, this may change in the future because staking is "an important part of the Ethereum ecosystem and an important part of Ethereum investment opportunities. It believes that it is more of a matter of time rather than a question of whether it will happen. The Fidelity team has had "constructive conversations" with SEC staff to discuss the possibility of bringing a pledged ETH ETF to market.