TOP-5 news of the cryptosphere for July 31

What interesting things happened over the weekend? Read an overview of the most important news in the cryptosphere from CoinShark journalists.

Aave DAO has completed a 3-day vote on the launch of an overcollateralized stablecoin called GHO. The decision was taken by an overwhelming number of votes. It was supported by DAO members with 501,000 AAVE tokens, which is 99.99% of the total number of token holders.

Hong Kong High School (HKUST) scheduled a party in the Metaverse for the first day of September. It invites students from two physical campuses located in Guangzhou and Hong Kong. Students from abroad will also be invited to attend.

Vitalik Buterin, the creator of Ethereum, believes that corporate companies like Meta (formerly Facebook) will not be able to build the Metaverse. In his opinion, it is still too early to say what will be interesting to people.

Banco Santander SA, the Brazilian subsidiary of Spanish banking giant Santander Group, plans to roll out cryptocurrency trading services in Brazil.

The Zilliqa network was restarted due to the detection of a data processing failure. The error was noticed on July 29th. The network stopped generating blocks due to disruption of the mining nodes.

It turned out that the secp256k1 crypto library was to blame for everything, because of which one of the parameters left the allowable range, and the system stopped working. After the update, the blockchain works correctly.

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