[Tom Lee: Ethereum Will Not Be Cannibalized by Layer 2, Poised to Become a Settlement Layer] Bitmine Chairman Tom Lee stated that Ethereum is likely to become the most widely used settlement layer for finance and AI agents, with ETH serving as the on-chain currency. Tom Lee disagrees with the view that Ethereum is being cannibalized by Layer 2 and pointed out that while Layer 2 networks attract users into the on-chain ecosystem, the Ethereum mainnet remains the primary economic settlement hub. The Fast Confirmation mechanism reduces transaction friction by approximately 98%.

Binance FIL/USDT perpetual trading volume surged 5 times within 10 minutes, with a turnover of 28.09 million US dollars in the past 24 hours, an increase of 4.99% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

Bank of Korea announced the launch of a cross-border enterprise payment service based on the Kinexys blockchain network in August. The service initially supports US dollar (USD) remittances and covers 10 countries including the United States, Saudi Arabia, Qatar, and the United Arab Emirates, shortening the time for cross time zone payments with regions such as the United States and the Middle East.

The Intermediate People's Court of Xilingol League, Inner Mongolia Autonomous Region, has made a second instance judgment on the illegal business case of Ma, which involves the use of the Sifang Payment Platform and USDT for gambling fund settlement. Between May 24, 2022 and October 18, 2023, Ma and five others settled amounts exceeding RMB 2.95 billion through 105 merchants of 10 third-party payment companies. The court found Ma guilty of illegal business operations and sentenced him to four years and six months in prison and a fine of 3 million yuan. The remaining four people were sentenced to imprisonment ranging from 3 to 6 years. (Pengpai News)

BitMart Global CEO Nenter Chow stated that he did not participate in BitMart's decision to cease trading platform operations on July 26th and was not consulted for opinions. Nenter Chow learned on July 24th that the company will terminate its global CEO position and will no longer be involved in BitMart management, decision-making, and operational matters from July 24th onwards. Nenter Chow suggests that users only obtain account information through official BitMart channels and follow the guidelines.