ADA launched the Japanese cryptocurrency exchange Bitpoint





 On August 25th, ADA launched the Japanese cryptocurrency exchange Bitpoint, which is the first time for trading in Japan. In response, IOG CEO Charles Hoskinson mentioned in his tweet a haiku poem written by Matsuo Basho, the most famous poet in the Edo period in Japan. It is reported that Cardano plans to launch the Alonzo hard fork on the main network on September 12, and the upgrade will allow users to run smart contracts on the PoS blockchain

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Wall Street Journal: CBDC may cause "seriously negative interest rates"

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  According to a new report on September 10, the issuance of CBDC may give the central bank greater power to adjust interest rates. Central bank digital currencies (CBDC) may actually have a negative impact on interest rates by providing additional tools for policymakers. An article written by senior columnist James Mackintosh on September 8 argued that if interest rates fall below zero, the difference between CBDC and cash will become apparent. People are more inclined to "make zero" by holding physical cash, rather than losing money on digital dollars issued by the central bank. He added that this means that if the central bank issues digital dollars that cannot be hidden under the mattress, it will have a greater impact on interest rates. Negative interest rates are the last resort for the central bank to stimulate the economy by encouraging borrowing and spending during the recession. Interest is paid to borrowers instead of lenders. According to the Federal Reserve Eco...
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DYDX's entire network transaction volume has reached 440 million US dollars

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On September 9th, according to CoinGecko data, as of now, DYDX's entire network transaction volume has reached 440 million U.S. dollars, and Huobi Global ranks first with 120 million U.S. dollars in transaction volume. dYdX officially lifted the transfer restrictions of the governance token DYDX at 23:00 on September 8. dYdX is a decentralized perpetual contract exchange based on the second-tier Ethereum protocol Starkware. Unlike the DEX of the AMM model, dYdX adopts the order book model. In August of this year, the total trading volume of dYdX derivatives reached 9.8 billion U.S. dollars. Prior to this, dYdX has received multiple rounds of financing, with a total of more than 95 million US dollars. Investors include a16z, 3AC, paradigm, Polychain Capital, and Brian Armstrong (Co-founder and CEO of CoinBase).
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