OKX announced that the 65,256,712 OKB tokens to be burned were all transferred to the burn address 10 minutes ago. Currently, there are 279 million OKB in the burn address, which means that from now on, the total supply of OKB will be 21 million tokens. Burn address:

OKX will burn 65,256,712 OKB on August 15. After this burn, the total supply of OKB will become 21 million. OKB is expected to rise in response. Previously, the total supply of OKB was 300 million. Since May 2019, there have been a total of 28 burns, resulting in 213,743,286 OKB being burned. Adding the upcoming burn of 65,256,712 OKB, a total of 279 million OKB will have been burned, leaving a final supply of 21 million. The burn address for OKB is:

In just two weeks, the minting volume of native USDC on the Sei network has grown from 0 to $162 million. What does this number mean? It has already surpassed half of the 24 public chains that have issued native USDC, coming close to OP and Unichain, and exceeding Linea and zkSync. USDC has only been live on the Sei network for two weeks, and with the current growth rate, there is still significant room for growth. The number of stablecoins on each network generally corresponds to the activity level of that network, as all aspects of on-chain operations rely on the participation of stablecoins. This indicates that Sei's on-chain activity is quite good. Additionally, in the IPO filing of USDC issuer Circle, it was disclosed that $SEI is their fourth largest holding in digital assets, and Grayscale's Dynamic Income Fund (GDIF) also includes SEI. Institutions are optimistic about Sei.

It's been 4 days since the Succinct mainnet went live today. So what is the adoption of their ZK verification service after the mainnet launch? I looked at their block explorer and the data was good: In the 4 days since its launch, 10 protocols/networks have already conducted 13,800 ZK validations using Succinct's SP1. $PROVE stakers also officially earn from the validation service: 2,233 $PROVE validation service revenue was distributed to PoS stakers.

Since July 10, over 1.035 million $ETH (worth $4.167 billion) has been accumulated by multiple unknown whales/institutions through exchanges or institutional business platforms over the course of a month. During this month, the price of ETH has risen from $2,600 to $4,000, an increase of 45%. Most of the ETH accumulated in these addresses likely belongs to institutions or U.S. companies holding ETH reserves (excluding SBET, as the SBET address is known), with the average price of the accumulated ETH being around $3,546. #OKX

Congratulations to @MyStonksCN for successfully completing the registration of the Security Token Offering (STO) in the United States, obtaining the qualification to issue security tokens in compliance with U.S. regulations. This is very important; it is the core of the core. With this, MyStonks is a compliant platform for tokenizing U.S. stock trading, a qualified regular player rather than a "wild card." Obtaining the STO registration is not as simple as just submitting an application. It requires meeting compliance standards in areas such as product structure, information disclosure, and asset custody. For instance, regarding asset custody, MyStonks' stock custodian is Fidelity. For every U.S. stock token that MyStonks mints, a corresponding number of stocks must be held in custody by Fidelity. This ensures that each U.S. stock token on the platform is backed by a 1:1 real stock asset. After all, the biggest concern for users investing in tokenized U.S. stocks is whether the U.S. stock tokens they purchase on-chain can truly correspond 1:1 to the stocks, rather than being "data disks" issued by the platform without substance. With the compliance registration in place, it can greatly alleviate users' concerns in this regard.

$PROVE went live on Binance spot trading at 1 AM today and has since been listed on exchanges like Coinbase, Upbit, and Bithumb this morning. Especially after the announcement of its listing on Upbit, it surged over 30%—the Korean market is really strong. Additionally, Succinct's mainnet has launched, and for those who haven't claimed their airdrop yet, remember to do so (provided you registered for the airdrop earlier). Compared to those who claimed it right away last night, the value of what you can claim now has nearly doubled 🍋 Airdrop claim:

Sei's daily active users surpassed Solana for the first time on 8/2. Sei's recent moves, including the launch of native USDC, the introduction of Ondo and Backpack, etc., have doubled the number of daily active users of Sei in the past three months: from 380,000 to 752,000 now. On 8/2, due to the sharp decline in Solana's daily active activity and trading volume, Sei's daily active activity surpassed Solana for the first time. Data links: In addition, in just 10 days, the number of native USDC issuances on Sei reached $108 million. It surpassed chains such as zkSync, Algorand, Polkadot, etc. Sei is becoming the foundational network favored by stablecoins, RWAs, and institutional-grade applications.

On the tenth anniversary of the first block generation on July 30, 2015, Ethereum's roadmap has taken a new direction and goal: to go all out to zero-knowledge proofs (ZK). Eventually, it plans to migrate to using zero-knowledge proofs at all levels of the stack, from consensus layer signature aggregation to on-chain privacy protection based on client proofs, and upgrade the protocol to a more concise and zero-knowledge proof level. Ethereum chose the ZK route because it may be the most suitable blockchain impossible triangle solution for Ethereum. The blockchain impossible triangle refers to the inability to achieve decentralization, security, and scalability (performance) at the same time, necessarily at the expense of one thing. Ethereum chooses decentralization + security at the expense of scalability (performance). Decentralization: Ethereum can run on Raspberry Pi-level hardware, with approximately 15,000 nodes and 1 million validators, making it the most thoroughly decentralized blockchain outside of BTC. Security: Since its launch in 2015, Ethereum has undergone several upgrades and technical adjustments, but overall it has been operating securely for a decade without large-scale issues or failures affecting the entire network. Scalability (performance): Ethereum's TPS is only 18-20, and its low performance cannot meet demand, which is why L2 rollups have risen in 2020. Now, ZK may be the way to solve the impossible triangle of blockchain. Because ZK proofs allow transactions to be executed in batches off-chain and then validated on-chain (without the need for a complete re-execution), they can also be scaled without increasing verification complexity. In other words, performance can be improved without sacrificing Ethereum's existing decentralization and security. And with continuous improvements in zero-knowledge proof latency and cost, higher throughput can be handled. Eventually achieved 10,000 TPS on Ethereum L1. In a word, it can be summed up as follows: maximize scalability while maintaining maximum decentralization. The core premise of increasing Ethereum's TPS to 10,000 is to achieve "ZK real-time proof". What is ZK Real-Time Proof? Currently, Ethereum generates a block every 12 seconds, and 32 blocks form an epoch, requiring about 2 epoch confirmation blocks. With zk-proof validation, the confirmation time is reduced to block generation time (within 12 seconds). There is no need to wait for instant confirmation from 2 epochs, i.e. "real-time proof". In other words, your transaction in this block will be verified in the next block. The current leader in ZK real-time proofs is @SuccinctLabs. Currently, Succinct's SP1 Hypercube zkVM has achieved 93% validation of 10,000 gas Ethereum blocks in 12 seconds on a 200-GPU cluster, and is expected to achieve a 99% validation rate (i.e., real-time proofs) by the end of the year. Succinct's decentralized proof network has hundreds of independent proof nodes that compete to generate valid proofs and bid on validators to collect fees. This competition reduces proof costs, increases validator/staker yields, and decentralizes proof production. Verify adoption at scale Succinct has now gained ZK proof adoption from 35+ projects, such as: Polygon uses Succinct to build AggLayer, Cosmos, Celestia, and Avail Polygon uses Succinct to secure their bridge to Ethereum, Mantle (total locked value of $2 billion+) Polygon uses Succinct to become the world's largest zero-knowledge proof (ZK) L2 network. and many other well-known partners: Phala, Lido, Galxe, Alpen, Automata, Morph, Nebra, Nitro, Rift, Scalerize, Sovereign, Taiko, etc. financing Succinct has raised a total of $55 million through two seed rounds and two Series A rounds, with investors including not only well-known VC institutions such as Paradigm, Robot Ventures, Bankless Ventures, and Standard Crypto, but also star angel investors such as Sreeram Kannan (founder of Eigenlayer) and Sandeep Nailwal (co-founder of Polygon).

Solayer's governance function has finally been activated, and the first proposal vote has been opened: setting the PoS inflation value of the governance token $LAYER of InfiniSVM (Solayer's hardware-accelerated SVM network, which is about to be launched on the testnet). - The initial PoS inflation after the mainnet launch is set at 8% per year (to incentivize $LAYER holders to actively participate in network staking); - Then reduce by 15% annually (for example: 8% in the first year, 6.8% in the second year (8*0.85), and 5.78% in the third year (6.8*0.85); - It will not be fixed until inflation falls to 2% (inflation will drop to 2% in the 10th year). The voting on this proposal ended in 2 days, and there is no suspense about its passage at present. However, inflation output does not start after passing, but only after the InfiniSVM mainnet is launched and the staking function is launched. It is estimated that it will be the end of the year at the earliest.