Golden Web3.0 Daily | U.S. Senator proposes MEME bill

DeFi data

1. Total market value of DeFi tokens: US$93.823 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$5.641 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$100.636 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$18.93 billion

The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

2.24-hour NFT trading volume: US$ 1.939 billion


The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

U.S. Senators propose MEME bill, intending to prohibit the president and members of Congress from issuing Meme coins

According to Golden Finance, U.S. Senator Chris Murphy posted a statement saying that he would propose the MEME Act, prohibiting the president or members of Congress from issuing Meme coins. Murphy said "Trump currency is the biggest corruption scandal in White House history" and said he would work with Rep. Sam Liccardo to push legislation to curb such behavior.

MEME hot spots

1. Some wallets make a profit of about $100 million by buying Mrs. Trump’s Meme token MELANIA in advance

Golden Finance reported that some cryptocurrency traders spent about $2.6 million to buy MELANIA tokens just minutes before Mrs. Trump announced the launch of her personal Meme coin on social media. After Mrs. Trump announced the Meme coin through social media, the price soared from about $2 to $12.95, a 550% increase. These traders sold all within 12 hours and made a profit of about $100 million. These 24 accounts purchased a total of 16.7 million MELANIA tokens, and the total number of tokens originally scheduled to be released during the issuance period was 200 million. In just 42 seconds after the token was released, another 22 accounts bought tokens worth about 900,000 US dollars.

DeFi hotspots

1. Ethereum Gas fee increases, now 13.5 Gwei

According to Etherscan data, the Gas fee for Ethereum network has risen to 13.5Gwei.

2. Ethereum developers activate Pectra upgrade, including 11 changes

Golden Finance reported that the Ethereum main network successfully activated the Pectra upgrade at 6:05 ET, which is the most important network update after the 2022 merger (The Merge). This hard fork contains 11 EIP improvement proposals, focusing on three major directions: improving staking efficiency, optimizing user experience, and enhancing Layer2 scalability. The successful deployment of testnet Hoodi in March laid the foundation for this upgrade. Pectra lays the foundation for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS. The most eye-catching thing in this upgrade is the EIP-7702 account abstract solution, which allows ordinary wallets to temporarily execute smart contract functions. In the future, users can realize innovative experiences such as third-party payment of Gas fees, batch packaging transactions, and even recover lost private keys through social contacts. In terms of pledge mechanism, the upper limit of ETH pledge of a single verification node has been greatly increased from 32 to 2,048, and institutional pledgeers can reduce the complexity of operation and maintenance through node merging. For Layer2 expansion, the Blob data capacity of each block doubled to 6 (9 peaks).

3.Netflix is ​​preparing to film a movie based on the 2022 FTX crash

According to Beincrypto, streaming giant Netflix is ​​preparing to shoot a movie based on the 2022 FTX crash, and is currently entering a critical stage of casting. Emmy winner Julia Garner is expected to star in Caroline Ellison, former Alameda Research CEO, while Ogre Damer starred Evan Peters or Sam Bankman-Fried (SBF). Graham Moore, the winner of the Oscar Best Adapted Screenplay, is negotiating to be a screenwriter. It is reported that the film will use the love line as the narrative framework to restore how the crypto empire, which was once worth $32 billion, collapsed within two weeks. If Garner is confirmed to appear, he will once again interpret the protagonist of the financial fraud case after "Fictional Anna". Industry insiders pointed out that the project is still in its early stages of development, and about 60% of Hollywood's project-setting scripts were ultimately not invested in.

4.Metis high-performance chain Hyperion test network is officially launched to promote the implementation of on-chain LLM

According to May 7, the Metis AI high-performance chain Hyperion test network was officially launched in the early morning of China time last night. Hyperion is a high-performance, AI-optimized Layer 2 solution designed for AI, DePIN, DeFi and GameFi. It extends the Metis ecosystem through parallel execution, decentralized sorting and AI native infrastructure, while maintaining Ethereum security and using METIS as Gas token. Hyperion is developed based on the Metis SDK, and redefines the scalability of Layer 2 through MetisVM, MetisDB, combined with Optimism Rollup technology and parallel transaction execution. Metis SDK integrates the Alith Agent framework developed by LazAI, simplifies on-chain verification and off-chain computing tasks, making Hyperion the first Layer 2 protocol to support execution on- premises large language model (LLM) native chains.

5.Movement announces the establishment of a new entity, Move Industries

According to a retweet by the Movement Network Foundation, Movement has formed a new entity, MoveIndustries, whose early employees include two founders of MoveIndustries, CEO Torab and president and chief marketing officer @livingwithwill. Move Industries said the establishment of the new entity was mainly due to recent news events, so the decision needed to say a complete farewell, and that Move Industries will improve governance, including the launch of a new leadership team, increase transparency, and implement stricter scrutiny and verification.

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