Web3 Daily | Ledger's key recovery service faces resistance; Cyberport's digital yuan pilot program launches.
Selected News::
1. Allegedly, BlackRock Fund withdrew a large amount of PEPE from Binance, which previously invested in PEPE and gained nearly 10 times the return.
2. Along with the resistance against Ledger, sales of hardware wallets such as Keystone and OneKey have grown several times over.
3. Bitget: With over 1,300 employees worldwide, BGB's first-quarter growth rate exceeded that of BTC, ETH, and BNB.
4. TokenPocket CBO: Scammers implanted malicious programs in shared charging treasures in KTVs abroad to steal private keys.
5、An early participant in Ethereum deployed a contract after being dormant for over 2 years and staked 4,032 ETH.
6. Hong Kong Monetary Authority: Cyberport's Digital Currency Pilot Program has been launched. 16 selected companies including HSBC and VISA will conduct the first round of trials within this year.
Funding Information
Qiming Venture Partners announced the completion of the seventh RMB fund raising, with a scale of 6.5 billion yuan. The fund will continue to invest in early and growth stage excellent projects in the technology and consumer, medical and health sectors. So far, Qiming Venture Partners' total assets under management have reached 9.5 billion US dollars, with 11 US dollar funds and 7 RMB funds. It is understood that Qiming Venture Partners' RMB fund has been launched since the middle of 2021, and the first closing was completed in 2022, and the final closing was completed in 2023. Qiming Venture Partners has participated in multiple Web3 projects, including NFT data analysis platform NFTGo, metaverse social platform BUD, Flow chain DeFi infrastructure IncrementFi, Web3 data infrastructure BlockVisio, and blockchain infrastructure service provider InfStones.
Project Updates
伴随 Ledger 被抵制，Keystone 和 OneKey 等硬件钱包销量增长超数倍
Translation:After the controversy caused by Ledger's key recovery service, hardware wallets such as Keystone and OneKey have seen a significant increase in sales. Keystone's daily sales have increased nearly 20 times compared to before, and OneKey's daily website visits have also increased nearly 10 times. In addition, other hardware wallet suppliers have increased their promotional efforts, with Trezor and Blockstream lowering product prices to gain market share.
Previously, Ledger launched a new service that splits wallet mnemonic (key) into three parts (encrypted sharding technology) and distributes them to three custodians: Ledger, cryptocurrency custodian Coincover, and code custodian EscrowTech. If someone loses their key, two of the three shards can be combined - pending identity verification - to regain access to locked funds. The subscription price for this service is $9.99 per month.
TokenPocket CBO Michael stated on his social media platform that a fraudulent group has modified and implanted malicious programs into shared charging treasures in foreign KTVs. When customers use the charging treasures, their mobile phone data is leaked and their wallet private keys are stolen.
Binance will support COCOS Token swap and rebrand to COMBO
Binance will support the plan to exchange Cocos-BCX (COCOS) tokens and upgrade the brand to COMBO (COMBO). Binance Futures will temporarily suspend COCOS U perpetual contract trading at 16:30 on May 25th. Please note that users can still close their existing positions after the trading suspension. All positions of COCOS U perpetual contracts will be automatically closed and settled, all orders will be cancelled, and the contract will be delisted after the settlement at 17:00 on May 25th. It is recommended that users close their positions before 17:00 on May 25th to avoid automatic liquidation of their positions.
Visa deployed two contracts on the Ethereum Goerli testnet to study abstract account use cases.
BlockBeats News, payment giant Visa recently published an article titled "Rethinking Digital Transactions with Account Abstraction". The article states that in order to better understand the Ethereum account abstraction proposal ERC-4337, the Visa team has deployed two experimental Visa Paymaster contracts on the Ethereum Goerli testnet, demonstrating how to redesign gas fees on the blockchain to improve user convenience.
Binance adds AST/USDT and SNT/USDT trading pairs
Binance will launch AST/USDT and SNT/USDT trading pairs at 16:00 on May 19th. Binance spot grid trading will be available within 48 hours after the launch of AST/USDT and SNT/USDT trading pairs.
元宇宙游戏平台 MOBOX 面向 ARB 空投地址推出 DragonMO 空投计划
Translation:Metaverse gaming platform MOBOX launches DragonMO airdrop plan for ARB airdrop addresses
According to official sources, the metaverse gaming platform MOBOX has launched the DragonMO Genesis NFT airdrop program. The airdrop is based on the Arbitrum network, and all ARB airdrop addresses are eligible to participate in the lottery. As previously reported by BlockBeats, on November 18, 2021, Binance Labs made a strategic investment in the gaming metaverse platform MOBOX to further advance the development of the gaming platform industry.
According to Cointelegraph, Ripple will participate in the Hong Kong Monetary Authority's (HKMA) digital yuan pilot program and showcase its new CBDC platform. The company will also collaborate with banks such as Taiwan's Fubon Bank to demonstrate tokenized assets for equity issuance using the retail version of the e-yuan CBDC. This pilot project will run on Ripple's new CBDC platform, which is based on XRP ledger technology and enhanced functionality of the new private ledger. James Wallis, Vice President of Central Bank Affairs and CBDC at Ripple, said that this pilot project will delve into use cases as well as application, implementation, and design issues related to e-HKD, and the experience gained from this project will influence any decision by HKMA to launch the e-yuan later on.
Gate has launched a BRC20 section to support the development of the BRC20/Ordinals ecosystem.
According to the official website, Gate has launched 11 BRC20 Tokens and established a BRC20 zone, becoming the largest BRC20 Token trading platform currently. Bitcoin Ordinals is a protocol based on the Bitcoin blockchain that gives Bitcoin non-fungible characteristics by specifying ordinals, opening up the potential for Bitcoin NFTs and other applications. Gate previously stated that it will provide infrastructure solutions for the BRC20/Ordinals ecosystem, including BRC20 Token wallets, distribution, trading, and withdrawal transfer services. Gate will leverage its technological advantages and market influence to significantly reduce the cost of trading BRC20 and lower the user participation threshold, solve the problem of BTC network congestion, and contribute to the development of the BRC20 ecosystem.
Animoca Brands has established a strategic partnership with Web3 social network Hooked Protocol. By combining Animoca Brands' IP network and content ecosystem with Hooked's AIGC technology, Web3 community, influence, and product matrix, they will provide innovative Web3 experiences and educational entertainment content, including gamification, education, IP, and other forms, to promote the mass adoption of Web3 infrastructure by Web2 internet users. They will promote Web3 to the public through innovative experiences that blend education and entertainment, such as gamified products and other diverse Web3 learning content.
DATA
疑似贝莱德基金从 Binance 提取大量 PEPE，此前投资 PEPE 获近 10 倍收益 Translation:
According to Lookonchain monitoring, BlackRock Fund withdrew 1.27 trillion PEPE (approximately $1.98 million) from Binance to four addresses two hours ago. BlackRock Fund previously earned $2.39 million (nearly 10 times the return) on PEPE. Lookonchain suggests that these four addresses share the same Binance deposit address as blackrockfund3.eth, indicating that they are newly created addresses for BlackRock Fund.
In addition, BlackRock Fund's address starting with 0x5fe purchased 1 trillion PEPE at an average price of $0.0000002431 (totaling $24,400) on April 21 and sold all PEPE at an average price of $0.000002627 (totaling $2.63 million) on May 5, with a profit of approximately $2.39 million.
Bitget: With over 1,300 employees worldwide, BGB's Q1 growth outperformed BTC, ETH, and BNB
According to the transparency report data released by the cryptocurrency trading platform Bitget for the first quarter of 2023, BGB saw a surge of 120%, surpassing other trading platform coins such as BTC, ETH, and BNB. The number of BGB holders increased by 146% to 229,732 in the quarter. Bitget's website and mobile traffic reached 33.1 million in the first quarter, a 35% increase from the previous quarter. The spot market added 105 new coins this quarter, bringing the total number of listed coins to over 500. Bitget's overall fan base on platforms such as Twitter and Instagram grew by 181%, surpassing 1 million people. Bitget's global workforce has grown from 1,000 to 1,300 employees, with staff in over 60 countries and regions, and there are still 300 job vacancies.
In addition, Bitget's trading volume for spot and contract markets in the first quarter of 2023 reached 59 billion USD and 658 billion USD respectively. According to the TokenInsight report, this data currently ranks fourth in the comprehensive trading volume ranking of CEX in the first quarter of 2023.
According to Lookonchain monitoring data, an anonymous dormant address (0xABC912d1DA1d70479aC687C133d3269FEc0a1b3F) created a contract 3 hours ago after being dormant for over 2 years, and staked 4032 ETH (approximately $7.4 million). The address is a participant in Ethereum ICO and obtained 60,000 ETH in the genesis block.
The multi-chain lending protocol Radiant Capital has passed the "RFP-18: Radiant DAO Treasury ARB Allocation Strategy Application" proposal with a 89% approval rate. The first snapshot was completed on May 18th at 2:00, and the second snapshot time will be announced in the next 30-60 days. dLPs that meet the airdrop conditions must be locked on Arbitrum and BNB Chain for 6-12 months after the first snapshot and before the second snapshot.
Of the 3,348,026 ARB Tokens granted by the Arbitrum Foundation to the Radiant DAO Treasury, 40% will be airdropped to corresponding dLP lockers who meet the conditions, 30% of ARB will be distributed to dLP lockers on Arbitrum, and 30% will be reserved as a strategic reserve for future DAO use.
According to data from The Block, the number of new addresses on the Solana network (7-day average) reached 304,640 on Monday, the highest number since June 2022. In addition, transaction fees on the Ethereum and Bitcoin networks hit a three-month high last week, and the number of active addresses sending or receiving funds on the Bitcoin network also fell to its lowest level since July 2021. Rebecca Stevens, a research analyst at The Block, said, "The increase in new address numbers seems to have started in early May when Ethereum fees rose and users began looking for other networks to trade on. Polygon and other Ethereum scaling networks have also seen similar growth in new addresses."
According to Korean media reports, it has been confirmed that approximately 2.86 billion Korean won (approximately 2.15 million US dollars) worth of cryptocurrency has been transferred from the wallet address of Do Kwon, CEO of Terraform Labs, since May 16. The report stated that the series of operations may have been carried out to help Do Kwon, who is currently in prison, extract the funds. BlockBeats previously reported that on May 12, Terraform Labs co-founder Do Kwon was granted approval by a Montenegrin court to be released on bail of 400,000 euros (approximately 436,000 US dollars) while awaiting trial.
Jump Trading transferred 3 million LDO to a new address, worth approximately $6.9 million.
According to Lookonchain monitoring data, Jump Trading transferred 3 million LDO (6.9 million USD) to a new address "0x0ee7" 7 hours ago, and then deposited 7366 LDO (17,000 USD) into Binance. On May 10, 2021, Jump Trading spent 1207 ETH (4.76 million USD) to purchase 5.59 million LDO at a price of 0.85 USD, and then transferred 3.36 million LDO (7.7 million USD) to Binance and KuCoin at an average price of 2.29 USD after a one-year lock-up period. Another major wallet of Jump Trading began to withdraw LDO from the trading platform on August 9, 2022, and withdrew a total of 2.44 million LDO (5.9 million USD) at an average price of 2.42 USD.
Bitcoin Frogs floor price rises to 0.1369 BTC, with trading volume exceeding 50 BTC in the past 12 hours.
According to Magic Eden market data, the floor price of Bitcoin Frogs, an NFT project in the Bitcoin ecosystem, has risen to 0.1369 BTC (approximately $3700 USD). The trading volume in the past 12 hours has exceeded 50 BTC (approximately $1.37 million USD). Bitcoin Frogs are digital collectibles minted directly on the Bitcoin blockchain, with a total supply of 10,000.
Bitcoin mining difficulty increased by 3.22% to 49.55 T, reaching a new historical high.
According to data from btc.com, the difficulty of Bitcoin mining has increased by 3.22% to 49.55 T at block height 790272, reaching a new historical high. The current average network hash rate is 354.55 EH/s.
Circle adjusts USDC reserve assets, increases $8.7 billion overnight repurchase agreement
According to CoinDesk, USDC issuer Circle is adjusting the reserve assets used to support USDC to mitigate the risk of US government debt default. According to the Circle Reserve Fund website managed by BlackRock, as of May 16, the fund added $8.7 billion in overnight repurchase agreements to its investment portfolio, involving banking giants such as BNP Paribas, Goldman Sachs, Barclays, and Royal Bank of Canada.
Bitget has released its transparency report for the first quarter, disclosing a series of related data. In terms of security construction, Bitget's reserve ratio increased from 223% on December 20, 2022 to 246% on April 3, 2023. The value of Bitget's protection fund has risen from $300 million at its inception to $380 million. In addition, Bitget's spot and futures market trading volumes reached $59 billion and $658 billion, respectively, with spot trading volume increasing by 8% and futures trading volume increasing by 27% on a month-on-month basis. BGB holders have grown by 146% in the past three months, and the total revenue generated by users who follow Bitget's trading reached $41 million in the first quarter.
According to PeckShield's monitoring, the Cream Finance flash loan attacker has exchanged approximately 500,000 DAI for 278 ETH and transferred them to the trading platform TradeOgre. Over the past six months, the Cream Finance flash loan attacker has exchanged approximately 21 million DAI for approximately 11,500 ETH and transferred them to the trading platform TradeOgre. The address currently holds approximately $12 million worth of cryptocurrency, including approximately 3,890 ETH and 5 million DAI.
Data: Brevan Howard Digital transferred approximately 790,000 LDO to Coinbase in the past 5 days
According to on-chain data analyst Yu Jin, Brevan Howard Digital (formerly Dragonfly's hedge fund Liquid Opportunities) has transferred 788,590 LDO tokens (approximately $1.82 million) to Coinbase in the past 5 days. The Dragonfly address previously transferred 14.04 million LDO tokens to BH Digital on March 1st, and the BH Digital address currently holds 7,836,035 LDO tokens.
派盾：Uranium Finance attacker transferred 500,000 DAI from BNB Chain to Ethereum
According to data monitored by PeckShield, the address identified as the attacker of Uranium Finance transferred 500,000 DAI from BNB Chain to the Ethereum network via the cross-chain liquidity protocol Synapse Protocol. On May 16th, the Uranium Finance attacker address transferred 140 ETH (approximately $250,000) to Tornado Cash. BlockBeats previously reported that on April 28th, 2021, the DeFi project Uranium Finance was suspected of running away, and PeckShield security personnel quickly located and tracked down the serious vulnerability in the Uranium Finance smart contract code, which allowed the attacker to steal $50 million.
Regulation
The Hong Kong Monetary Authority (HKMA) announced today the launch of the Digital Currency Pilot Project in Cyberport. 16 selected companies from the financial, payment and technology sectors will conduct the first round of trials within this year, exploring potential use cases of digital currency in six areas, including comprehensive payment, programmable payment, offline payment, tokenized deposits, third-generation internet (Web3) transaction settlement, and tokenized asset settlement.
HKMA Chief Executive Eddie Yue said: "Although the HKMA has not yet decided whether or when to launch digital currency, we are pleased to launch the Digital Currency Pilot Project in Cyberport. This is a great opportunity for the HKMA and the industry to explore innovative use cases and prepare for the possible launch of digital currency in the future."
According to Bloomberg, Whampoa Group from Singapore plans to establish a digital bank in Bahrain before the end of this year, providing banking services as well as digital token trading, custody, and asset management services. A spokesperson for the Bahraini government stated that the country's central bank has "conditionally approved" the establishment of the joint venture by Whampoa Group, adding that "approval is provisional and subject to meeting all regulatory requirements before obtaining full permission." Last year, Whampoa Group stated that it intended to raise $50 million for cryptocurrency-related hedge funds and deploy $100 million for venture capital funds in the digital asset industry.
According to Bloomberg's report citing South Korean lawmaker Back Hyeryun, the South Korean Virtual Asset User Protection Act may be passed in a parliamentary vote later this month, which will package a total of 19 different crypto-related bills into a standalone bill. According to the draft bill seen by Bloomberg, the legislation outlines a clear legal definition of virtual assets and punishes illegal activities such as insider trading and market manipulation. In addition, the new bill will grant the Financial Services Commission of South Korea the power to supervise crypto companies and asset custody.
The bill also requires digital asset companies to purchase insurance to protect themselves from hacker attacks, and imposes stricter rules on reserve funds and account management, which will apply to cryptocurrencies such as Bitcoin, while existing capital market laws will apply to tokens that the government deems as securities.
Grayscale has received an opinion letter from the US Securities and Exchange Commission (SEC) stating that FIL "meets the definition of a security" and requesting the withdrawal of its application to launch a Filecoin (FIL) trust product.
According to CoinDesk, a branch of the US Department of Justice (DOJ), the US Trustee, stated in a court filing submitted on Wednesday that the Delaware bankruptcy court must overturn its previous order denying the appointment of an independent examiner in the FTX bankruptcy case. Andrew R. Vara, the US Trustee, stated in the filing that although all parties in the FTX case complained about the "significant" costs associated with appointing an examiner, "any costs associated with the appointment of an examiner cannot be a reason to deviate from the statutory requirements, namely to appoint an examiner where appropriate under the statutory standards."
韩国央行：加密市场需在银行法和资本市场法层面进行监管 translates to:
The Bank of Korea has released a report titled "Assessing the Deficiencies of the Cryptocurrency Market and Its Impact on Global Events". The report states that if activities such as deposits or loans are conducted in the cryptocurrency market, which are similar to those in the traditional financial industry and face the same risks, the cryptocurrency market should be subject to the same regulations as the existing industry. The relevant person in charge of the Bank of Korea stated that if the cryptocurrency market has similar economic functions to the traditional financial industry, regulatory rules similar to the "Banking Act" or the "Capital Market and Financial Investment Services Act" should be formulated.
Telegram subscription group: https://t.me/theblockbeats
Telegram communication group: https://t.me/theblockbeatsApp
Twitter official account: https://twitter.com/BlockBeatsAsia
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
