Web3 Daily｜f2pool launched the Ordinals auction page; Circle Singapore obtained the main payment institution license from the Monetary Authority of Singapore
Selected News:
1. Circle Singapore has been awarded the major payment institution license by the Monetary Authority of Singapore.2. Coinbase commemorates NFT "Stand with Crypto" with a minting volume exceeding 130,000 pieces.
3.Optimism has completed the mainnet Bedrock upgrade early this morning.
4. SEC submits a temporary restraining order to the court to expedite the freezing of CZ and Binance's assets.
5. The Financial Services Committee of the U.S. House of Representatives will hold a hearing on June 14th to provide clarity for cryptocurrency regulation.
6.Robinhood: This week may review the delisting of tokens defined as securities in the SEC lawsuit.
Project Updates
Coinbase CEO said that the SEC reviewed Coinbase's business in 2021 and allowed Coinbase to go public. However, the SEC did not issue clear rulebooks and instead adopted enforcement measures that harmed US interests for regulation.
He also stated that the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) have issued conflicting statements and have not reached a consensus on what is a security and what is a commodity.
He said, "We have also tried to register repeatedly, but without success (previously, the SEC accused Coinbase of evading regulation by allowing users to trade a large number of encrypted tokens that were actually unregistered securities). We have confidence in the facts and the law."
Cathie Wood's ARK fund added approximately $21.64 million worth of Coinbase stock yesterday
According to Ark Invest Daily data, yesterday, multiple ARK funds under Cathie Wood's management collectively increased their holdings of nearly 420,000 shares of Coinbase stock (COIN). Based on the closing price of COIN on that day at $51.61 per share, the total value of the holdings is approximately $21.64 million. Among them, ARKK increased its holdings by 329,773 shares, ARKW increased its holdings by 53,885 shares, and ARKF increased its holdings by 35,666 shares.
Coinbase celebrates NFT "Stand with Crypto" with over 130,000 minted
Coinbase CEO Brian Armstrong retweeted the "Stand with Crypto" NFT minting information. As of now, the number of NFTs minted is 133,862.
In late April, Coinbase launched the commemorative NFT series "Stand With Crypto", which uses a blue shield logo to represent the collective stance of protecting and promoting the crypto ecosystem. All proceeds from this NFT series will be donated to vetted organizations through Gitcoin's crypto promotion round. "Stand With Crypto" is released on the Zora platform and users can mint it for free.
Optimism has completed the mainnet Bedrock upgrade early this morning.
According to official sources, Optimism has completed the mainnet Bedrock upgrade at 2:50 am on June 7th Beijing time. The Bedrock sequencer has been activated. Deposit and withdrawal services have been restored, and critical external OP mainnet infrastructure has been re-operated. Bedrock aims to upgrade transaction fees, shorten system delays, and improve node performance.
Polygon Labs announced on social media that the beta version of Polygon zkEVM mainnet will be updated on June 8th at 18:00 Beijing time. The developers of zkEVM will begin collaborating with infrastructure partners to update some services on the network. The update will require the sequencer to be started, which may cause issues for users when submitting transactions.
Aave community initiates ARFC proposal for the launch of native stablecoin GHO on mainnet
Aave has published an ARFC proposal on the governance forum regarding the launch of the Aave native stablecoin GHO on the mainnet. The proposal suggests using Aave V3 Ethereum Facilitator and FlashMinter Facilitator to bring GHO onto the Ethereum mainnet. If this ARFC and subsequent AIP proposals are approved by the Aave DAO, GHO will operate on the Ethereum mainnet and Aave V3 users on Ethereum will be able to use collateral to mint GHO. The DAO treasury will receive 100% of the interest earned from GHO lending as additional income.
Facilitator is a concept introduced by GHO. Facilitators (such as protocols, entities, etc.) can generate a specific range of GHO and can also be destroyed. Aave V3 Ethereum Facilitator allows users to deposit collateral to borrow GHO, with the collateral stored in the V3 Ethereum mainnet pool. FlashMinter Facilitator allows users to FlashMint (similar to flash loans) GHO and repay in a single transaction, rather than borrowing assets from the pool.
In addition, Aave Companies stated that they will propose a multi-chain strategy to the community after the GHO mainnet is launched.
f2pool has launched the Ordinals auction page, where collectors can bid online for rare Congs.
According to official sources, the comprehensive mining pool for Bitcoin and cryptocurrencies, f2pool, has launched an Ordinals auction page where collectors can bid online for rare Satoshi. The Ordinals protocol divides the first Satoshi of each block into different rarity levels based on the rarity of different Bitcoin blocks, such as difficulty adjustment blocks and halving blocks, giving rare Satoshi some collectible value.
Google has confirmed that a zero-day vulnerability in its Chrome web browser is being exploited and has released an emergency security update in response. The desktop application has been updated to version 114.0.5735.106 for Mac and Linux and version 114.0.5735.110 for Windows, with all updates set to be released "in the coming days/weeks".
The announcement states that this update includes two security patches, but only CVE-2023-3079 is detailed, while the other is a routine issue discovered through fuzz testing and internal auditing. CVE-2023-3079 is a type confusion vulnerability in the V8 JavaScript engine and is the third zero-day vulnerability in Google Chrome in 2023.
It is understood that type confusion vulnerabilities pose significant risks, allowing attackers to execute arbitrary code on target machines by exploiting weaknesses in memory object handling. Therefore, experts strongly recommend that users update their browsers promptly to mitigate potential risks.
OKX Web3 wallet has now integrated cross-chain bridge Stargate.
According to official sources, the OKX Web3 wallet has now integrated the Stargate cross-chain bridge. Currently, the OKX Wallet supports 10+ mainstream cross-chain aggregation swap services, providing users with the best cross-chain depth and optimal pricing when exchanging transactions using the OKX Web3 wallet. At the same time, the limit order function of the OKX Web3 wallet supports manual setting of the transaction price. When the preset price is reached, the transaction will be automatically executed, making it convenient for users to trade at the expected price.
It is understood that the OKX Web3 wallet is a heterogeneous multi-chain wallet that supports multi-chain cross-chain aggregation swap services and provides the best liquidity for multi-chain and cross-chain scenarios through intelligent routing algorithms. It now covers many mainstream Dex, public chains, and public chain cross-chain swap services in the market, and also supports cross-chain swap services between non-EVM systems such as Tron and BTC.
Insider: FTX seeks to sell shares of AI startup Anthropic
According to sources cited by Semafor, investment bank Perella Weinberg, hired by FTX, has been considering selling shares of artificial intelligence company Anthropic worth hundreds of millions of dollars to potential investors. FTX appears to hold shares of Anthropic worth $500 million during its bankruptcy restructuring application, but it is unclear how SBF arrived at that valuation.
As previously reported by BlockBeats, AI startup Anthropic announced in May that it had completed a $450 million Series C financing round, led by Spark Capital.
BinaryX: Plans to launch the first AI-driven virtual reality game in the metaverse
The metaverse chain game platform BinaryX has partnered with AiGC Labs to launch a virtual reality game that combines VR and AIGC.
It is reported that the game is still under development. In addition to the AI-driven VR game, BinaryX is also developing another independent AI-driven game, which is expected to be released later this year.
Arbitrum has distributed 4 million initial ARB allocations to the second batch of DAOs.
Arbitrum has distributed 4 million initial ARB allocations to DAOs in the second batch of the Arbitrum ecosystem; previously in April, Arbitrum distributed initial ARB allocations to DAOs in the first batch that had confirmed test results.
去中心化交易平台 MetaTdex 与 Polygon 达成战略合作
Translation:Decentralized trading platform MetaTdex has reached a strategic cooperation agreement with Polygon
The decentralized trading platform MetaTdex has announced a strategic partnership with Polygon and will explore the possibility of deploying MetaTdex on Polygon's zkEVM.
MetaTdex is opening up a new path for coin-stock linkage and will delve into the development of decentralized finance (DeFi), real-world assets (RWA), non-fungible tokens (NFTs) for equity, and other innovative applications.
Arbitrum community will vote on-chain for AIP-1.1 and AIP-1.2 proposals starting from June 10th.
The Ethereum Layer2 network Arbitrum has officially announced that the AIP-1.1 and AIP-1.2 proposals will start on-chain voting on the Tally platform in the early morning of June 10th and will end on June 24th.
The AIP-1.1 proposal suggests placing the remaining 700 million ARB of the foundation in "smart contract-controlled locking" and unlocking it within four years. According to the proposal, the foundation will not be able to use the token until the community members approve the token allocation budget.
In addition, the Arbitrum Foundation has also released a transparency report on how the organization was established. Proposal AIP-1.2 aims to modify several governance documents of the Arbitrum ecosystem, including lowering the threshold of ARB Token required to propose improvements on-chain from 5 million to 1 million. As previously reported by BlockBeats, both proposals (AIP-1.1 and AIP-1.2) regarding expanding the supervision and governance power of ARB Token holders in the Arbitrum community were passed with over 98% support in the Snapshot vote in April, and will be voted on-chain according to the terms of the charter.
Paradigm has announced the release of the RPC node performance analysis load testing tool "flood", and it has been open-sourced. Currently, "flood" can perform load testing on RPC nodes and automatically generate summarized results containing various charts, tables, and reports.
Ethereum L2 scaling solution zkSync announced that its engineering team received an alert earlier, and a small number of users who were conducting transactions on the network experienced a withdrawal delay of up to 6 hours. Currently, the system is running as expected, and all pending withdrawals have been completed or are still being processed.
As an additional precaution, zkSync has assigned a team to closely monitor withdrawal activity over the next 48 hours to ensure that no further issues arise.
Art Blocks Curated NFT series Fidenza #545 sold for 625 ETH
According to Opensea trading data, the Art Blocks Curated NFT series Fidenza #545 was sold for 625 ETH (approximately $1.17 million).
Ethereum Name Service (ENS) developer nick.eth announced on social media that a blockchain-native domain service called .box will be launched, which can be routed through the domain name resolution system. All registrations and transfers in this domain system will be conducted on the chain, and NFT owners will simultaneously own DNS and ENS domain names.
It is reported that .box domain names can be used for DID configuration files and wallets, decentralized websites and messaging, Web2 websites and emails, collections and transactions, etc.
NFT market Magic Eden launches Ordinals API
NFT marketplace Magic Eden has announced the launch of its Ordinals application programming interface (API). The API documentation has been released on its official website platform and is available for Bitcoin developers to build upon.
Data
受 SEC 起诉 Coinbase 和 Binance 影响，近两日前三大 DEX 交易量激增逾 440%
Translation:Due to recent legal actions taken by the SEC against cryptocurrency trading platforms Coinbase and Binance, the trading volume of the top three decentralized exchanges (DEX) has surged by 444%. According to CoinGecko data, from June 5th to June 7th, the daily trading volume of Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum), and Pancakeswap V3 (BSC) accounted for 53% of the total DEX trading volume in the past 24 hours, increasing by more than $792 million. In addition, the trading volume on DEX Curve, which supports stablecoin trading, has skyrocketed by 328%. As of the time of writing, most of the trading activity on Curve is concentrated on USDC. (Cointelegraph)
Data: ETH whale transferred 8800 ETH to Binance 4 hours ago
According to the on-chain data analyst Yu Jin, a certain ETH whale address transferred 8800 ETH previously purchased to Binance when the price of ETH was $1882, earning approximately $660,000 in this wave of trading (about 1 day).
As previously reported by BlockBeats, the ETH whale address transferred 15.9 million USDT to Binance after the market fell in the early morning of June 6th. Half an hour later, they withdrew 8800 ETH from Binance, with a possible average purchase price of $1807.
Bitcoin rebounds and breaks through $27,000, surpassing the price level before the SEC lawsuit
According to OKX market data, Bitcoin rebounded and broke through $27,000 in the early hours of today. It is currently priced at $27,261, with a 24-hour increase of 5.93%, surpassing the price level before the SEC lawsuit.
According to Lookonchain monitoring, a certain whale address deposited 16,100 ETH (approximately $30 million) into Aave and borrowed 20 million USDT. The same address also deposited 16,500 ETH (approximately $31 million) into Compound and borrowed 20 million USDT. In total, the address deposited 32,600 ETH and borrowed 40 million USDT from Aave and Compound.
Later, the address transferred the 40 million USDT to an address starting with "0x3356" and deposited 10 million USDT into Binance.
Lookonchain: Cumberland withdraws nearly 25,000 ETH from Coinbase and Binance
According to Lookonchain, the cryptocurrency market maker Cumberland has withdrawn 20,000 ETH (approximately $37 million) from Coinbase and 4,850 ETH (approximately $9 million) from Binance, totaling 24,850 ETH. In addition, Cumberland has also withdrawn tokens such as AXS, SHIB, COMP, LINK, CRV, AAVE, and RNDR.
Following the SEC's lawsuit against Binance and Coinbase, Cumberland has deposited 85 million USDC into Coinbase and 3.5 million USDC into Binance.
Funding
Web3 gaming studio Argus Labs completes $10 million seed round financing, led by Haun Ventures
According to CoinDesk, Web3 game studio Argus Labs has completed a $10 million seed round of financing, led by Haun Ventures, with participation from Robot Ventures, Anagram, Dispersion Capital, Web3 development company Alchemy, and former Coinbase CTO Balaji Srinivasan.
Argus also announced the launch of World Engine, a blockchain game software development toolkit that allows builders to create their own Web3 game ecosystems.
According to Cointelegraph, Volcano Energy, a renewable energy Bitcoin mining project, has announced that it has received an initial investment of $250 million. This funding will be used to launch its 241 megawatt (MW) power plant in El Salvador, which will provide electricity to Bitcoin mining farms. The total committed investment for this project is $1 billion, and USDT issuer Tether is one of the first-round investors.
Carbon-neutral blockchain application Nori completes $6.25 million financing, led by M13
Carbon-neutral blockchain application Nori announced the completion of a new round of financing of $6.25 million, with current investors M13, Toyota Ventures, Placeholder, Cargill, among others, leading the investment. The new funds will be used to expand the business scope.
In addition, Nori has hired Trudeau as the new CEO. Paul Gambill, who has been the CEO and co-founder of Nori for the past five years, will continue to serve on the board and take on a new position as Chief Product Officer.
Previously, Nori completed a $7 million Series A financing in March last year, bringing the total amount of financing to $17.25 million. Nori has built an end-to-end carbon removal market based on blockchain, dedicated to removing 15 trillion tons of carbon dioxide from the atmosphere to address climate change.
Regulation
Circle Singapore has been awarded the major payment institution license by the Monetary Authority of Singapore.
According to official sources, Circle, the issuer of the stablecoin USDC, has announced that its subsidiary, Circle Singapore, has obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows the institution to provide digital payment token services as well as cross-border and domestic remittance services in Singapore. Circle Singapore opened its office in May 2023 and received the principle approval for the MPI license holder from MAS in November 2022.
Robinhood: This week may review and delist tokens defined as securities in SEC lawsuit
The representative of Robinhood, a stock and cryptocurrency trading platform, Giancarlo testified to the House Agriculture Committee that its platform may delist the tokens mentioned in the SEC's lawsuit against Binance and Coinbase this week.
It is reported that the company has a broker license for securities trading.
However, Gallagher believes that the company was unable to take advantage of this in both enforcement actions to trade tokens that the SEC deemed unregistered securities, such as Solana, Polygon, and Cardano. Gallagher also noted that these projects lacked disclosure standards for other security investments, which would hinder their relisting.
In addition, Giancarlo pointed out that he believes analytics companies like Chainalysis may be able to provide sufficient analysis for investors instead of releasing financial disclosures when publicly issuing new tokens. (The Block)
The Financial Services Committee of the United States House of Representatives announced on its official website that it will hold a hearing titled "The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem" at 2:00 PM local time on June 13th (early morning of June 14th Beijing time).
lockBeats News, on June 7th, according to the South Korean news agency Newspim, the Financial Services Commission of South Korea has decided to monitor the progress of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance. It has suspended the acceptance of the executive change report previously submitted by Gopax, which includes information about appointing three Binance members as internal directors of Gopax, including the CEO of Binance Asia-Pacific.
The relevant person in charge of the Financial Services Commission of South Korea stated that "due to internal review, caution should be exercised in accepting the report."
As previously reported by BlockBeats, Binance completed the final stage of its acquisition of Gopax in March, which involved filing with South Korea's financial regulatory agency. Gopax submitted a virtual asset operator change report to the Financial Intelligence Unit (FIU) of the Financial Services Commission of South Korea. If the FIU accepts this change report, it will be the first case of a global currency market trading platform entering the South Korean market through a Korean won trading platform. According to specific financial information laws, when a company representative or director changes registration, a change report must be submitted.
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