Over 5 million users are participating in India's retail CBDC pilot, which involves 16 banks. The Governor of India's central bank has suggested that a full-scale implementation of a CBDC should not be rushed. Speaking at a conference in Bengaluru, the senior official of the Reserve Bank of India (RBI) emphasized caution in rolling out a system-wide CBDC.

On August 27th, according to the official announcement by TNA, the Bitcoin domain name and DA protocol TNA officially launched the Flashpool activity, which will start at 8 pm Beijing time on August 27th, 2024. Users can pledge the ecological token $BN to participate in sharing up to $100,000 in the $SATS reward pool. The $BN token has been listed on exchanges such as KuCoin and Gate, and has reached a pledge amount of $150 million in KuCoin's Gempool activity. This activity also introduces the concept of domain name pledging, and pledging TNA domain names can increase the reward share. In the future, Flashpool plans to cooperate with other Bitcoin ecological projects to launch more reward pools and activities.

KOL @arndxt_xo released the following analysis on the topic "Is the NFT market dead?" on X: The floor price of BAYC once exceeded 150 ETH, but has now fallen sharply to 11 ETH, a drop of 90% in USD terms. It's not just BAYC, the entire NFT market has basically disappeared: daily trading volume once reached 100-200 million USD (sometimes even reaching 1 billion USD), and now only hovers around 5 million USD. The reasons for the current situation facing the NFT market are as follows: - Unsustainable use cases: the hype surrounding digital art and collectibles initially cannot be sustained. Although innovative, many projects lack long-term utility beyond speculation; - Liquidity crisis: the broader contraction of the crypto market has had a particularly severe impact on NFTs. With reduced capital flows, NFT illiquidity has become a major liability; - Narrative shift: market attention has shifted away from NFTs. Current trends indicate that people are turning to Meme coins and other narratives; - Technological limitations: many NFTs do not store actual content on the chain, but rely on URLs or IPFS hashes. This raises concerns about long-term viability and true ownership; - Market saturation: the influx of low-quality projects and "cash grab" behavior has diluted the market space, making it harder for quality projects to stand out. Looking to the future, although the current situation is bleak, there are still some potential catalysts for recovery: - Atomic NFTs: integrating files and metadata on the chain can solve some key technical issues;- Utility-focused projects: NFTs that provide real utility rather than speculation may garner attention; - Integration with DeFi: NFT collateral loans or fractionalization can improve liquidity; - Gaming and Metaverse applications: these areas can bring more sustainable use cases for NFTs.They believe that NFTs are a great idea, but without a lot of innovation around PFP, it cannot be sustained. If projects use new ERC NFT standards such as ERC404, they may eventually be adopted and breakthrough with good support or promotion, "I really hope to see the return of NFTs".

According to TheBlock, with the cooling of the Memecoin craze, the total daily transaction fees paid on the Solana blockchain have dropped to the lowest level in months. On Monday, Solana's daily transaction fees dropped to $639,000, a 65% decrease from this month's peak of $1.83 million on August 8 and an 87% decrease from the historical high of $5.08 million on March 18.

According to data from NFT tracking platform CryptoSlam, the weekly sales volume of NFTs on mainstream blockchain networks has finally turned from a decline to an increase after experiencing a series of declines in 2024. The digital collections based on the top five NFT blockchains have performed well in terms of sales. The sales data of Ethereum, Solana, Polygon, and Mythos Chain have all increased, among which Polygon's seven-day sales volume growth leads with a 123.20% increase. In addition to the increase in weekly sales volume, the number of NFT buyers also increased last week, with over 500,000 NFT buyers in the past seven days, an increase of 37.97% from the previous week. (Cointelegraph)

Optimism announced on the X platform that Retro Funding 5: OP Stack registration is officially open. 8 million OP tokens will be distributed to the following contributors: Ethereum core development contributors, OP Stack R&D contributors, and OP Stack tool contributors. The registration deadline is September 5th.

The Memeland team announced on its social media platform that it has used team treasury funds to buy $1 million worth of TON on the public market, which it will hold until Durov is released. Prior to this, it was reported that DWFLabs founder ZhuSu had supported Durov using a similar method.

Telegram has released its first official statement regarding the arrest of its CEO, Pavel Durov. "It is still unclear what charges Durov is facing or whether he has been arrested. There are various reports that he may have been arrested due to the lack of management on the Telegram platform, but the facts are still unclear as there has been no official confirmation from the French government or further explanation from Telegram," the statement read. "Telegram CEO Pavel Durov has nothing to hide and travels frequently in Europe."

Former CEO of Heartland Tri-State Bank, Shan Hanes, has been sentenced to 293 months of federal imprisonment for his involvement in a $47 million cryptocurrency fraud case. Court documents show that Hanes executed 11 unauthorized wire transfers between May and July 2023, transferring $47.1 million of the bank's funds to a cryptocurrency wallet as part of a scheme known as the "Piggyback Plan," which involved luring unsuspecting investors into fraudulent digital asset investments. Special Agent Justin R. Bundy announced Hanes' sentencing for his involvement in the embezzlement scheme, which ultimately led to the collapse of Heartland Tri-State Bank.

Solana ecosystem trading aggregator Jupiter announced on X platform that Jupiter Lock, an open-source, free, and audited alternative solution, allows any project to gradually release its tokens for free over time. It has now entered the beta testing phase. On the locking page, you can browse the detailed breakdown of all tokens, their ownership schedule, recipients, and funding purposes. It brings certainty to holders and helps achieve consistency in long-term goals. The entire operation is transparent.