Web3 Daily | Sui Mainnet PoS produces 58.88 million tokens; Atomic Wallet hacked for over $35 million in total.
Top News:
1. Data: Since the launch of the Sui mainnet, PoS staking has produced 58.88 million SUI.
2. JPMorgan Chase has partnered with six banks in India to settle interbank USD transactions on the blockchain.
3. Meituan's co-founder Wang Huiwen's AI company, Lightyear, has a pre-investment valuation of $1 billion and has become a unicorn in the industry.
4. The Bitcoin Ordinals protocol has released version 0.6.0, which supports the recognition of "Curse Inscriptions".
5、Starknet will release version v0.12.0, which is expected to increase network throughput and reduce transaction latency.
6. The total amount stolen from Atomic Wallet has exceeded 35 million US dollars, and a security investigation is currently underway.
Project Updates
According to the Starknet documentation, the upcoming Starknet v0.12.0 version focuses on improving network throughput to improve scalability and transaction latency. To achieve this, a new Rust implementation will be introduced for the Sequencer. This Sequencer includes more efficient local storage and critical path logic, aimed at significantly reducing transaction confirmation wait times and addressing network congestion issues.
According to the Starknet governance page, the upgrade vote for Starknet v0.12.0 is coming soon. Starknet Alpha v0.12.0 is planned to be integrated and deployed in mid-June, allowing the community to deploy and vote on Goerli in late June. The proposed framework for the upgrade schedule is as follows: 1. Integration period: stable version integration for the first 7 days, 2. Testnet period: deployment on Goerli testnet for the first 3 days, followed by a 5-day voting period, and then a 1-day freeze period; 3. Mainnet deployment on the following day, totaling 17 days.
NFT trading platform Zora has launched ZORA Goerli Testnet based on the Ethereum GOERLI network and has deployed the official ZORA TESTNET RPC. Users can use the bridgetozora bridge to connect to GOERLI ETH or access the testnet dashboard by sending GOERLI ETH.
CZ announced on its social media platform that Binance has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certifications in France, the United Arab Emirates, and Bahrain.
The cryptocurrency claims and trading platform Open Exchange (OPNX), founded by Zhu Su and other founders of Three Arrows Capital, has announced that it has launched spot/futures trading. Without an internal market maker, the platform's daily trading volume has increased from an initial $13.64 to $20 million.
Next, OPNX will launch the Giga Affiliate Program, Justice Token, and FTX claims feature.
Camelot: Test version v3 AMM found issues and will be redeployed, user funds are not at risk
Arbitrum ecosystem DEX Camelot has officially stated that "Camelot v3 AMM, which has been in testing for the past two months, has discovered a potential issue that has been mitigated. User funds are currently not at risk, but as an additional security measure, we require our community users to remove their positions in v3. We have decided to deprecate the current v3 AMM contract and will soon redeploy a new version with v3 farms. Other contracts and v2 AMM are not affected."
Layer 1 blockchain Zilliqa announced on social media early this morning that the network recovery process has been completed and block time has returned to normal. The entire network's functionality has been restored, smart contracts are running normally again, and deposit and withdrawal functions on the network can now be resumed.
The Zilliqa team will continue to closely monitor network performance to prevent future issues and will provide root cause analysis in the coming days.
BlockBeats previously reported that Zilliqa had identified an issue causing slow block times on the network, which was affecting the execution of smart contracts. The core team is currently working to resolve this issue.
The decentralized perpetual contract protocol dYdX community voted in favor of the "Launch dYdX Operations Sub-DAO V2" proposal with a support rate of 99.95%. The proposal was made by the dYdX Operations Trust Fund (DOT) represented by trustees Joanna and Callen, requesting a transfer of $6.6 million from the dYdX community treasury to the DOT multi-signature wallet (0xa8541f948411b3F95d9e89e8D339a56A9ed3D00b) to provide 18 months of funding for the operation of the sub-DAO (DOT 2.0).
DOT currently has 87,077.50 USDC remaining. After the expiration of DOT 1.0 on June 19th, the remaining funds will be transferred to DOT 2.0.
DOT 2.0 will be responsible for recruiting an operations director, a technical project manager, and a site reliability engineer. It will also determine an indexer operator, deploy open-source software and run iOS, Android, and web front-end versions for potential future versions of the protocol. A third-party auditor will be hired to evaluate DOT's finances and performance, and the number of DOT multi-sign trustees will be increased. The remaining funds at the end of DOT 2.0's mission will be sent to a community-controlled wallet as determined by the dYdX community.
In addition, Reverie Reserves, LLC and George Beall have decided to step down as trustees and executors after the expiration of DOT 1.0 on June 19th. DOT will appoint three new trustees and one executor.
Bitcoin protocol Ordinals' new chief maintainer, Raph, posted on social media that version 0.6.0 of Ordinals has been released, which implements the recognition of more types of inscriptions, such as "curse inscriptions".
Leonidas, co-founder of Ord io, interpreted that many inscriptions that were previously unrecognized are now indexed by the Ordinals protocol as "curse inscriptions". After the market upgraded to 0.6.0, users can trade (there were 70,000 invalid inscriptions before this version was launched). Normal inscriptions are assigned a positive number, while curse inscriptions are assigned a negative number. The first curse inscription is -1, and now it is -71,508. The protocol sets a block activation height, which can index specific types of curse inscriptions as normal positive inscriptions. Although the number of positive inscriptions will never change, the number of negative inscriptions can and will change if new special cases are discovered and new types of curse inscriptions are added. Existing curse inscriptions will be re-indexed, and new curse inscriptions will be inserted, resulting in the movement of negative inscription numbers.
Cross-chain bridge SyncSwap Move officially launched, now supports USDT and WBTC
The decentralized trading platform SyncSwap, based on zkSync, has officially announced the launch of its cross-chain bridge, SyncSwap Move. Supported by the official bridge of zkSync and ZK technology, SyncSwap Move allows for transfers between Ethereum and zkSync Era. USDT and WBTC are the first batch of native tokens supported by Move, and users can trade them on SyncSwap.
JPMorgan Chase partners with 6 Indian banks to settle interbank USD transactions on blockchain
According to Bloomberg, JPMorgan has partnered with six Indian banks to launch a blockchain-based platform for settling interbank USD transactions in the country's newest international financial center.
Kaustubh Kulkarni, JPMorgan's senior official in India and deputy chairman for the Asia-Pacific region, said, "We will launch a pilot project in the coming months as we need to analyze the banks' experience. These banks include private banks such as HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd., and IndusInd Bank Ltd., as well as JPMorgan's banking division in GIFT City."
After obtaining approval from the International Financial Services Centre Authority, the pilot project will launch on Monday using JPMorgan's Onyx blockchain platform.
Under the current settlement system, settlement may take several hours to complete.
In addition, transactions will not be settled on Saturdays, Sundays, or public holidays. Real-time blockchain-supported systems will eliminate this barrier, making transactions available 24 hours a day.
This move will further promote the Indian government's efforts to position the Gujarat International Finance Tech-City (GIFT City) as a trading center outside of Singapore and Dubai. The Reserve Bank of India has launched a domestic zero-coupon forward market settled in US dollars.
三箭资本坚持参与 Genesis 的破产调解程序 Translation:
Three Arrows Capital insists on participating in the bankruptcy mediation process of Genesis
According to CoinDesk, the now-defunct cryptocurrency hedge fund 3AC has requested to participate in the bankruptcy mediation process of cryptocurrency lending institution Genesis Global. 3AC claims to have transferred over $1 billion in funds to Genesis before its bankruptcy.
Non-custodial liquidity collateral platform ether.fi has launched a loyalty program to reward early adopters and long-term supporters. Users can transfer ETH to the loyalty program and collaborate with one of the node operator partners for collateral. The total points earned by EAP users will determine their membership level, which includes Bronze, Silver, Gold, and Platinum. Membership levels will grow exponentially over time, with Silver expected to be reached in 1 month, Gold in 3 months, and Platinum in 7 months.
If you are not an EAP user, you will start from Bronze.
Users can choose to give up staking rewards to increase their point income and level up faster. Members can receive rewards from the ether.fi treasury and additional income streams. Every ether.fi deposit in the loyalty rewards program will be stored in an NFT, and each NFT will be a PFP that tracks its deposits, rewards, points, and membership level.
Encryption insurance company Evertas increases coverage limit to $42 million
According to Reuters, Arch Insurance International, based in London, has authorized cryptocurrency insurance company Evertas to increase the coverage limit for single policies for custodians or trading platforms from the previous $5 million to $420 million, in order to promote risk management in the cryptocurrency industry. Evertas stated that currently only 2-3% of global cryptocurrency assets are insured.
According to official sources, Extra Finance, a leveraged yield aggregation protocol built on the Optimism ecosystem, announced that the platform's TVL has exceeded $2 million. Extra Finance supports customized leverage yield strategies and can also earn passive income by lending assets, and only needs to provide one token when executing strategies without depositing LP tokens.
数据
translates to
Data
in English.
Data: Sui mainnet has produced 58.88 million SUI through PoS staking since its launch
According to on-chain analyst Yu Jin's monitoring, Sui Network currently produces 1.11 million SUI per epoch (approximately 24 hours), and Sui Mainnet has produced a total of 58.88 million SUI over 53 epochs since its launch.
Currently, 7.3 billion SUI are staked on the Sui Network, which means that the annual production of SUI on the Sui Network is approximately 405 million, all of which have been mined by the unlocked project parties, investors, and foundations. The annual PoS production (405 million) is close to the amount sold in public by OKX/KuCoin (450 million).
According to Lookonchain's monitoring data, a certain Smart Money address deposited 825 BTC (approximately $22.2 million) into Crypto.com one hour ago.
Since January 18, 2021, the Smart Money address has been buying low and selling high, currently holding 2404.6 BTC (approximately $64.57 million) with a profit of approximately $330 million.
According to Glassnode's statistical data, the total amount of Bitcoin held by the three major trading platforms in the past three years has changed as follows: Binance and Bitfinex's total Bitcoin holdings have increased by 421,000 BTC and 250,000 BTC respectively, while Coinbase has decreased by 558,000 BTC.
Currently, Binance, Coinbase, and Bitfinex hold a total of 703,000 BTC, 462,000 BTC, and 320,000 BTC respectively.
This week's unlocked data overview: $13.95 million worth of DYDX will be unlocked
Token Unlocks data shows that there were many unlocking projects this week, but the unlocking amounts were generally small. Only DYDX unlocked more than 10 million US dollars worth of tokens.
At 8:00 on June 5th, Liquity will unlock 657,350.91 LQTY tokens, worth about 820,000 US dollars, accounting for 0.657% of the total supply.
At 20:00 on June 5th, Galxe will unlock 416,666.66 GAL tokens, worth about 560,000 US dollars, accounting for 0.208% of the total supply.
At 11:29:50 on June 6th, Tornado Cash will unlock 175,000 TORN tokens, worth about 680,000 US dollars, accounting for 1.75% of the total supply.
At 23:00 on June 6th, dYdX will unlock 6,520,128 DYDX tokens, worth about 13.95 million US dollars, accounting for 0.652% of the total supply.
At 8:00 on June 7th, Hashflow will unlock 3,230,889.22 HFT tokens, worth about 1.5 million US dollars, accounting for 0.323% of the total supply.
At 14:30 on June 9th, Hop Protocol will unlock 20,000,000 HOP tokens, worth about 1.57 million US dollars, accounting for 2% of the total supply.
At 8:00 on June 10th, Moonbeam will unlock 3,041,666.68 GLMR tokens, worth about 880,000 US dollars, accounting for 0.304% of the total supply.
According to Spo On Chain monitoring, a certain whale address has increased its holdings of 4.72 million OP tokens (approximately $6.85 million) at an average price of $1.45 on Binance in the past 4 hours.
It is reported that this whale address had previously earned $3.21 million (with an investment return rate of 142.4%) by trading 2.5 million OP tokens within 68 days (from November 2022 to January 2023). The entry price of the transaction was $0.901 and the final selling price was $2.184.
According to the CoinShares report, digital asset investment products saw a net outflow of $61.5 million last week, marking the 7th consecutive week of outflows. The total outflow reached $329 million, accounting for 1% of the total assets under management.
Bitcoin investment products saw a net outflow of $2.7 million, Ethereum investment products saw a net outflow of $2.7 million, and investment products shorting Bitcoin saw a net outflow of $6.3 million. CoinShares analysis suggests that the recent outflows are due to low trading activity, with trading volumes still 60% lower than the annual average.
Financing
According to Quantum Bit's report, Meituan co-founder Wang Huiwen's AI company, Lightyear, has completed a $230 million financing round with a pre-investment valuation of $1 billion, joining the ranks of unicorns. The round was led by Source Code Capital, with participation from Tencent and Wuyuan Capital, as well as individual investors including Kuaishou founder Su Hua.
Quantum Bit added that the information mentioned about Lightyear's financing round is all market rumors, and the accurate information regarding the financing amount and valuation should be based on official announcements from Lightyear and its investors.
Web3 AI platform Alive completes $5 million seed round financing, led by Myer Capital
BlockBeats News, June 2nd, according to MarketWatch, Web3 artificial intelligence (AI) platform Alive announced the launch of a $12 million institutional round of financing. It is reported that the company completed a $5 million seed round of financing on March 16th, led by well-known venture capital firm Myer Capital, with participation from Space Capital, Main Sequence Ventures, and Viola Ventures, to support the development and incubation of AI technology products on the platform.
According to official sources, Alive is currently actively promoting institutional financing and has reached strategic cooperation with several Web3 investment institutions and listed companies in Hong Kong to further accelerate the company's development.
Risk Warning
AICoin: MEXC Global launched a fake project under the name of AICoin, please do not invest
Data service provider AICoin stated in a post that recently, a false project was released under the name of AICoin on the MEXC Global trading platform, which has caused extremely serious damage to the reputation of AICoin.
In response, AlCoin made the following statement: "AlCoin has never issued any projects nor authorized any entity to release any projects. Any project released under the name of AICoin on the MEXC Global trading platform is not related to AlCoin. Investors should be vigilant, carefully discern, and not be deceived. Please actively report any illegal activities that infringe on our legal rights. AlCoin will firmly protect its own rights through legal means."
The encrypted wallet Atomic has released a security incident update on social media: the investigation is still ongoing with the joint efforts of the security company, and the team is studying possible attack media, but it has not been confirmed. The support team is collecting victim addresses and contacting major trading platforms and blockchain analysis companies to track and prevent stolen funds.
Earlier news, according to the encrypted KOL ZachXBT's statistics, the top five victims of Atomic Wallet have lost about $17 million, and the total amount stolen has exceeded $35 million.
SlowMist: Atomic wallet was attacked or there is a security risk in the historical download version
The Chief Information Security Officer of SlowMist, 23pds, stated on their social media platform that the official download site and sha256sum verification site of Atomic Wallet have been urgently taken offline from Cloudflare. It is speculated that there may have been security issues in the process of downloading historical versions. Additionally, 23pds mentioned that due to the popularity of the Atomic Wallet incident, phishing accounts have started to follow suit with their scamming methods. Please be aware of the risks to your funds.
Atomic Wallet: Less than 1% of monthly active users are affected, investigation is still ongoing
The encrypted wallet Atomic Wallet has updated the progress of the investigation into the attack, stating that "less than 1% of monthly active users have been affected or have reported losses. The latest stolen transaction was confirmed more than 40 hours ago. Security investigations are ongoing. Atomic Wallet will inform major trading platforms and blockchain analysis companies of victim addresses to track and prevent stolen funds from being transferred."
Earlier, BlockBeats reported that according to on-chain detective ZachXBT, the total amount stolen from Atomic Wallet has exceeded $35 million.
According to official sources, the Discord account of Mobius, an NFT AMM project in the Move ecosystem, was hacked, resulting in damage to the server. The officials stated that "user on-chain assets will not be affected, please avoid clicking on any other links. We will soon establish a new Discord server."
Regulation
CME "Fed Watch": Probability of Fed Maintaining Interest Rates Unchanged in June is 74.7%
According to CME's "FedWatch" data, the probability of the Fed maintaining interest rates in June is 74.7%, while the probability of a 25 basis point rate hike is 25.3%. The probability of maintaining interest rates at the current level in July is 32.1%, with a cumulative probability of a 25 basis point rate hike at 53.5% and a cumulative probability of a 50 basis point rate hike at 14.4%. (Jinshi)
According to the report by "China Fund News", Ashley Alder, the CEO of the Hong Kong Securities and Futures Commission, gave a speech at the annual meeting of the Hong Kong Investment Funds Association, stating that "the Hong Kong Securities and Futures Commission is committed to promoting growth. We understand that investment products in the market need to be innovative in order to keep up with the times and meet the ever-changing needs of investors. We are currently focusing on three major categories: environment, social and governance, virtual assets, and RMB-denominated products."
Regarding the work related to virtual asset products, Liang Fengyi stated that "the demand for these products has been increasing in recent years, and we have launched measures to encourage responsible technological innovation and support the financial technology industry. We have approved the first batch of virtual asset futures ETFs, which mainly invest in virtual asset futures traded on the Chicago Mercantile Exchange, including the world's first Ethereum futures ETF and Asia's first Bitcoin futures ETF. Two weeks ago, we issued guidelines for licensed virtual asset trading platform operators. Like virtual asset futures ETFs, we have taken multiple measures to safeguard the interests of investors, such as specifying the criteria for the inclusion of tokens available for retail investors to buy and sell."
In addition, Liang Fengyi stated that "we do not forget the opportunities in crisis, such as the restart of the Chinese economy, digital transformation, Web3, and generative AI, which are all significant opportunities for promoting innovation and sustainable investment."
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