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DAO News

The decentralized finance (DeFi) sector experienced a notable decline in economic activity in August, with trading volumes across DeFi protocols dropping to $52.8 billion, marking a 15.5% decrease from July.

Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.

The U.S. Commodity Futures Trading Commission (CFTC) will meet at its headquarters, where its internal technology advisory committee will delve into the decentralized finance (DeFi) space, including decentralized autonomous organizations (DAOs), and discuss the recent case of Ooki DAO Regulatory victories achieved.

Jur, the upcoming Polkadot parachain building the DAO 2.0 stack, invites founders to pitch their Startup Society ideas to notable figures from Web3, including Tim Draper (Draper Associates), Ed Hesse (Energy Web), and Trent McConaghy (Ocean Protocol) for a chance to win a share of the USD 10,000 grand prize, along with the opportunity to launch their Startup Society through a dedicated grant program.