Gate.io Blog Daily News | EigenLayer Once Again Raised the LST Re-staking Upper Limit, Zunami Protocol Was Hacked, UZD Price Plummeted

Daily News | EigenLayer Once Again Raised the LST Re-staking Upper Limit, Zunami Protocol Was Hacked, UZD Price Plummeted

15 August 11:08

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![](https://gimg2.gateimg.com/image/article/16920724050815.jpg)
## Crypto Daily Digest: Zunami Protocol was hacked, UZD plummeted, and DAI's market cap surges after MakerDAO interest rates rise
Regarding recent project trends, EigenLayer will raise the LST re-staking limit on August 22, allowing users to deposit any tokens from stETH, rETH, and cbETH into EigenLayer. When any staked LST reaches 100,000 tokens, EigenLayer will once again suspend accepting staking.

In terms of market data, according to L2BEAT data, the total volume locked on <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> L2 as of now is $10.568 billion, a decrease of 0.43% in the past 7 days. Among them, Arbitrum One and <a href="/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> have the highest volume locked, accounting for 56.28% and 26.74% respectively, showing a relatively centralized distribution state.

On the other hand, the market size of SparkProtocol, a lending protocol under MakerDAO, has approached $650 million, and the total lending volume of DAI has reached around $200 million.

In terms of issuance and unlocking, after MakerDAO raised interest rates, the market value of DAI has increased by nearly $1 billion in the past 7 days. This incentive measure has also impacted the number of decentralized stablecoins in DSR contracts, increasing from a record of 339.4 million on August 6 to 1.27 billion.

The number of SAND tokens that started unlocking yesterday has now flowed into the exchange with over 81 million tokens. Today, 332 million SAND tokens will remain unlocked, accounting for 16% of the current circulation supply.

In other news, Chainlink has added 7 new 12 service integrations on the chain, belonging to 3 different Chainlinks. This update undoubtedly greatly enhances the coverage and compatibility of Chainlink itself.

Yesterday, the revenue aggregation protocol Zunami Protocol tweeted that zStaples had been hacked, but the collateral remained secure. This hack resulted in losses of over $2.1 million, and the stolen funds have flowed into Tornado Cash. The Zunami Protocol stablecoin UZD has fallen by 96.8% in a short period of time.

Curve has been impacted by previous hacks and its ecosystem liquidity platform, Conic Finance, is currently undergoing a comprehensive audit by MixBytes and ChainSecurity.

The Yearn Finance governance page shows that Wintermute has submitted proposals for the YFI Wintermute loan and CRV plan, requesting approval to provide YFI loans to Wintermute Trading and authorizing the transfer of 350 YFIs from the DAO treasury for a period of 12 months, with an interest rate of 0.1%.

Today's rather comedic news is that Zuckerberg claimed that Musk refused to confirm the duel date between the two earlier, and Musk replied via text message that he would knock on Zuckerberg's door tomorrow. As this event gradually heats up, X and Meta platforms may attract a wave of attention, and corresponding <a href="/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> may usher in new growth hotspots.

## Today’s Main Token Trends
### BTC
![](https://gimg2.gateimg.com/image/article/1692072439BTC.png)
Over the past six months, its volatility has reached a new low. It is expected to exhibit a convergent pattern on the morning of the 22nd. A conservative bullish approach suggests entering long positions on a breakthrough above $30,888 US dollars or initiating short positions below $28,535 US dollars. The overall structure needs to maintain stability above the purple ascending trend line.

### TRB
![](https://gimg2.gateimg.com/image/article/1692072455TRB.png)
The daily chart displays a large bullish head and shoulders pattern, and consolidation at a low level has persisted for nearly four months. Short-term positions can be initiated above $12.65 US dollars. Targets to watch include $14.35 US dollars, $17.24 US dollars, and $22.55 US dollars in sequence. Utilizing a risk-to-reward strategy for initiating positions at lower levels is advisable.

### BAKE
![](https://gimg2.gateimg.com/image/article/1692072470BAKE.png)
The short-term market has shown significant activity. Yesterday's recommended entry price was $0.1050 US dollars, with a target of $0.1415 US dollars. This morning, the highest reported price was $0.1421 US dollars, representing a peak increase of 33.75%. If the upward trend continues, it could reach $0.1567 US dollars and $0.1697 US dollars.

## Macro: The view of the Federal Reserve suspending interest rate hikes has increased, and the external market is tending to calm down
Goldman Sachs predicted in its research report released in the early morning of the 14th that the FOMC will start lowering the federal funds rate in Q2 2024, with an expected quarterly rate cut of 25 basis points. If this prediction is accurate, the FOMC can lower rates faster.

Regarding this prediction, former Federal Reserve Chairman Kaplan of Dallas shares the same view. He expects that the FOMC will decide to suspend interest rate hikes at the meeting soon in September.

Presently, Yellen from the United States stated that the current inflation rate in the United States is decreasing, and the job market is showing a strong state. Although there is still a risk of recession, more attention needs to be paid to the influence of external countries.

On the same day, there was a large-scale correction in the US stock market, which made market sentiment even more tentative. At the same time, the exchange rate between the US dollar and various currencies continued in its previous state.

The current macroeconomic impact on the cryptocurrency market is temporarily stabilizing, while mainstream cryptocurrency prices such as BTC and ETH are downward. There may be a short-term upward trend in the market in the future.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator: Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

ETH/USDT -3.51%

BTC/USDT -2.83%

GT/USDT -2.53%

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Today’s Main Token Trends

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Daily News | EigenLayer Once Again Raised the LST Re-staking Upper Limit, Zunami Protocol Was Hacked, UZD Price Plummeted

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