Web3 Daily | US Senator reiterates intention to legislate the removal of SEC Chairman Gary Gensler; Damus may be removed from the Apple App Store.
Top News:
1. Binance.US has hired lawyers, including a former co-director of the enforcement division at the U.S. Securities and Exchange Commission, to participate in its defense;
2. US Senator Warren Davidson once again publicly stated that he will legislate to impeach SEC Chairman Gary Gensler;
3. Polygon has launched Polygon 2.0, a Layer 2 network powered by ZK technology, and will be restructuring its token economics.
4. Gucci: will soon take a snapshot of Koda NFT addresses that possess the KodaPendant feature.
5. Damus may remove its app from the Apple App Store within 14 days, as Apple does not allow content creators to use its Zap feature to sell digital content.
Project Updates
Polygon has announced the launch of Polygon 2.0, powered by ZK technology, to establish the "value layer" of the internet, allowing users to "create, exchange, and program value" and fundamentally rethink almost every aspect of Polygon, including protocol architecture, token economics, and governance.
In the coming weeks, Polygon will provide detailed introductions to each component of Polygon 2.0, such as the future of the Polygon PoS chain, the utility and evolution of Polygon Token, and the transition to greater community governance of the protocol and treasury. Additionally, Polygon will develop a roadmap to provide unlimited scalability and unified liquidity through ZK technology.
韩媒：Binance is considering replacing the GoPax CEO to complete its acquisition
According to Decenter, Binance is considering having its Asia-Pacific regional head, Leon Foong, step down as the CEO of GoPax and hand over the position to the vice president, Li Zhongxun, to complete the acquisition of GoPax. A source close to GoPax confirmed that "this is true, we are discussing related matters, but there is no final decision yet. We are discussing various possible situations." Earlier this year in February, Leon Foong, who is responsible for Binance's Asia-Pacific region, was appointed as the chairman of the board of directors of Gopax, a Korean cryptocurrency exchange platform that was recently acquired by Binance. Other new internal directors of Gopax include Steve Young-Kim, former director of Binance, and Ji Yu Zhao, head of Binance's industry recovery plan. Most of the members of Gopax's board of directors come from Binance.韩媒：Haru Invest 疑似关闭线下办公室并删除部分社媒账号
Translation: According to Digital Asset, Haru Invest, a cryptocurrency asset management platform, allegedly immediately closed its offline office after announcing a suspension of deposits and withdrawals. Haru Invest's parent company, Block Crafters, is located on the 17th floor of Daeryung Gangnam Tower in Yeoksam-dong, Gangnam-gu, Seoul, while Haru Invest is located on the 18th floor. The local office cleaner said, "In the morning, the people from Block Crafters returned the company keys and left in a hurry." He also explained that "the company has not stopped working and is still operating normally until this morning." Haru Invest also deleted announcements and blogs on Medium, LinkedIn, Instagram, and other social media platforms, but their Twitter account has not been deactivated yet. In response, Haru Invest's co-founder and former CTO, jooddang.eth, posted on social media that the closure of social media accounts may be a response under the guidance of a law firm, and he does not believe that Haru Invest will run away. Jooddang.eth stated that this is his personal opinion and he has left the company for almost a year.According to the report by Maeil Business, a South Korean media outlet, Hyung-soo Lee, the CEO of Haru Invest, stated regarding the suspension of deposits and withdrawals on the platform: "We are investigating the cause of the issue with our partners and developing a solution. As investor protection is of utmost importance, we cannot discuss specific partner companies as we are concerned that sensitive issues may be exposed first, leading to an inability to resolve them."
Regarding reports that their offline office has been closed, Lee stated, "We believe that suspending deposits and withdrawals may pose a risk to our employees, so we have switched to working from home and closed the office to protect its assets."
According to reports, Haru Invest is a virtual asset storage service launched by the South Korean blockchain accelerator Block Crafters, headquartered in Singapore. Its official website claims to have about 80,000 members in 140 countries. Haru Invest offers high interest rates of up to 12% when providing virtual assets, which has attracted investors but also raised doubts in the industry. This morning, some users have reported that they are unable to withdraw funds from the platform, and the scale of affected users in South Korea is currently unknown. Haru Invest has not registered its business in South Korea, so the regulatory agency in the country may be powerless in this matter.
Arbitrum's first L3 public chain, MXC JiYu Mainnet, will launch in July.
According to official sources, the first L3 public chain on Arbitrum, MXC JiYu Mainnet, will be launched in early July. The public chain uses MXC as Gas fee and is currently undergoing testnet interaction. It is reported that MXC is being built as an IoT expansion solution on Arbitrum. It has provided more IoT availability for the governments of South Korea and New York and aims to become the next Ethereum in the IoT field, supporting the issuance of sensor tokens and NFTs for real-world commodities.NFT valuation protocol Abacus announced that due to certain difficulties both internally and externally, it is unable to achieve profitability and release tokens on a financial scale, and therefore the project has decided to cease operations.
The Abacus team stated that Discord will be retained for a few more days before gradually shutting down channels. Users should withdraw all funds and assets from Abacus in a timely manner, as the Abacus frontend will also be shut down in the next week.
Damus may be removed from the Apple App Store within 14 days, as Apple does not allow content creators to sell digital content using its Zap feature.
Open social application Damus based on the Nostr protocol announced on social media that it will be removed from the Apple App Store within 14 days. Apple stated that Zap is not allowed to appear on its platform because they may be used by content creators to sell digital content.
BlockBeats notes that Damus supports using the Zap function to post and earn Bitcoin (i.e. friend lightning network tipping function). Apple believes that this application allows users to send and receive "tips" related to content from digital content creators, rather than using in-app purchase mechanisms. Damus needs to submit an update within 14 days. If an update that complies with the Apple App Store review guidelines is not released within 14 days, the application will be removed.
Gucci: Snapshot of Koda NFT addresses with KodaPendant features is coming soon
The luxury giant Gucci announced that it will take a snapshot of the Koda NFT address with the KodaPendant feature at 10:00 am on June 21st Eastern Time, and soon after, the holder can receive a physical necklace.
BlockBeats previously reported that Gucci announced in April that it will collaborate with Yuga Labs' metaverse game Otherside to launch the Otherside Relics by Gucci series. This summer, it will offer free physical KodaPendant necklaces to Koda or Vessel NFT holders with the KodaPendant metadata feature.
距离莱特币区块奖励减半还有 50 天 Translation:
There are 50 days left until the Litecoin block reward halvingAccording to OKLink data, the next Litecoin block reward halving is expected to occur on August 3, 2023, with 50 days remaining. The current block reward is 12.5 LTC, and the halved block reward will be 6.25 LTC. There are still 29,215 blocks until the halving.
Liu Feng, former editor-in-chief of Chain News, Li Yang, founder of Orange Book, and Wang Hanyang, host of "Late Night Chat" and others have established a blog and newsletter "crypto4.wtf" about the pan-blockchain industry. The blockchain industry is still in its early stages, and in this state, everyone will have their own ideas and imaginations about it; and there is still a lot of basic knowledge to be popularized. Crypto4.wtf is a gathering place for people and their ideas.
The initiators of crypto4.wtf also include: Yixuan, PainCompiler (Xu Huan), Raina, Luyao, Mingshi, Wang Chao, Tang Han, Baiyu, Shim, and Pan Zhixiong, former research director of Chain News.
TrueUSD is working to restore TUSD minting on Prime Trust
The issuer of the stablecoin USD, TrueUSD, posted on social media that they are working to restore the minting of TUSD on Prime Trust. They thanked the community for their patience and support during this process and will provide updates as soon as there is progress.
Earlier, on June 10th, TrueUSD announced that they had temporarily stopped minting TUSD through Prime Trust, awaiting further notice.
RabbitHole: Will airdrop Quest Terminal key to 10% of the task completion winners
Web3 on-chain incentive platform RabbitHole has released an update to its on-chain task deployment program Quest Terminal, which will airdrop task terminal keys to the top 10% of task completers (a total of 1691 individuals) within the past 7 days. The key is deployed on the Optimism mainnet and can be transferred or sold on the secondary market.
eToro: Will restrict US users from opening new positions in cryptocurrencies such as MATIC and ALGO
According to CryptoSlate, multi-asset investment platform eToro has announced that it will restrict new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) cryptocurrencies for US users starting at 6:00 am Eastern Time on July 12. Additionally, eToro US users will be able to hold and sell their existing asset positions, and non-US users will not be affected by this update.Web3 Input Method TypeIt! Launches Community Voting on DaoMaker
According to official sources, the world's first Web3 input method, TypeIt!, has been launched on the DaoMaker community voting platform. It is expected to complete a new round of financing through IDO on DaoMaker. Previously, it has received investments from Lbank Labs, Bitmart, and M-Ventures. Participating in the TypeIt! vote can receive an exclusive reward of TYPE worth $5,000. The voting will end in 6 days.
It is reported that TypeIt! is the world's first Web3 input method, which uses encryption technology and decentralized storage to protect users' usage data and other privacy information. It has Web3 functions such as Type To Earn, Gamefi, encrypted chat, and AI thesaurus. After purchasing and installing the keyboard skin NFT, users can earn token income when using the input method. Targeting the user market of 3 billion third-party input methods worldwide, TypeIt! is committed to becoming the Web3 application with the largest number of users worldwide.
DeFi lending protocol Sturdy's founder, Sam Forman, stated on social media that he has sent a message to the hacker on the chain, offering a reward of $100,000 if the stolen funds are sent to a specified address. The team will not pursue further action. Sturdy was attacked by hackers yesterday, and on-chain information shows that the attack may have been carried out through price manipulation. Currently, 442 ETH (approximately $800,000) has been lost.
Viewpoint
SBF Lawyer: Fraud lawsuit against SBF may be postponed for several months or even yearsAccording to CoinDesk, Sam Bankman-Fried (SBF), the founder of FTX, may face "months or even years" of fraud litigation delays beyond the planned October trial date if additional charges are added, according to his lawyer in legal documents.
Arbitrum ecosystem game MetaLine accuses multi-chain DeFi protocol iZUMi Finance of misappropriating mining rewards and selling its tokens. According to the article, MetaLine agreed to officially cooperate with iZUMi Finance and participate in its double reward mining activity in late May. As part of this activity, MetaLine promised to create a $60,000 MTG liquidity pool and provide $20,000 worth of MTG as mining rewards. At the same time, iZUMi Finance will provide $5,000 worth of IZI as mining rewards.
MetaLine then sent $20,000 worth of MTG to the address provided by iZUMi Finance and launched the mining reward activity.
However, MetaLine discovered through on-chain tracking and monitoring of iZUMi Finance's address (0x00097ed1dAcdbAB9141835852f8de20D690B6f94) that iZUMi Finance misappropriated $10,000 worth of MTG, only including half of the MTG sent by MetaLine into the liquidity mining reward pool. In addition, iZUMi Finance also sold some of the MTG that was not included in the liquidity mining reward pool (worth more than $2,640) and included this portion of funds into the mining reward pool to continue mining. MetaLine stated that they attempted to seek clarification from iZUMi, but have not received a response.
Data
Binance net inflow reached $477 million in the past 24 hours.
According to monitoring data from 0xScope, the cryptocurrency trading platform Binance had a net inflow of 4.7752052938 billion US dollars in the past 24 hours, with assets flowing in at 1,416,655,466.06 US dollars and flowing out at 939,134,936.68 US dollars.SHIB's largest holder increases holdings worth $10 million in SHIB through CEX
According to Lookonchain monitoring, the largest holder of SHIB increased their holdings by 1.5 quadrillion SHIB (approximately $10 million) through Binance and Coinbase 4 hours ago. This holder is the largest SHIB holder on the chain outside of exchange addresses.
Currently, the address starting with "0x40B3" holds 5.3 quadrillion SHIB (approximately $35.5 million) and previously transferred 200 trillion SHIB (approximately $13.44 million) to the address starting with "0x73AF" on May 16th.
Data: Nexo deposits 12.22 million MATIC into Binance, equivalent to 7.9 million US dollars
According to Lookonchain's monitoring, Nexo deposited 12.22 million MATIC (approximately $7.9 million) into Binance in the past 3 hours. The address currently holds approximately 8.9 million MATIC (approximately $5.76 million).Data: Curve's native stablecoin crvUSD has a minting quantity of over 33 million
According to Curve data, the native stablecoin crvUSD has a minting quantity of 33.689 million, and is currently priced at 0.9989 USD.
Financing
Regulation
美参议员 Warren Davidson 再次公开表示将立法罢免 SEC 主席 Gary Gensler
Translation:Ohio Congressman Warren Davidson posted on social media that he will introduce legislation to impeach SEC Chairman Gary Gensler. Warren tweeted, "The US capital markets must be protected from the influence of the SEC Chairman. That's why we need to introduce a single piece of legislation to address ongoing abuses of power and ensure the maximum protection of the market in the years to come. Now is the time for real reform and to fire SEC Chairman Gary Gensler."
Warren added that Majority Whip of the House of Representatives and Congressman Tom Emmer are pushing for the legislation with her. Warren believes that American investors and the industry should have clear and consistent oversight, rather than political games. The "SEC Stability Act" will make common-sense changes to ensure that the SEC's top priority is protecting investors, not the whims of a reckless chairman.
It is worth noting that this is not the first time Warren Davidson has publicly spoken out about the proposed legislation to remove the SEC chairman. BlockBeats reported in April of this year that Warren responded to a tweet from Coinbase's Chief Legal Officer Paul Grewal, saying, "I am introducing legislation to remove the Chairman of the Securities and Exchange Commission (Gary Gensler) for a series of abuses of power and replace him with an executive director who reports to the board. The former SEC chairman is not qualified."
英国加密广告新规拟禁止加密公司使用「抗通胀」等术语误导消费者
Translation:According to CoinDesk, the Financial Conduct Authority (FCA) of the UK released regulations for cryptocurrency advertising last Thursday. In the accompanying guidelines, the regulatory agency targeted stablecoin issuers, stating that companies should be able to "prove that their stability claims or association with a legal currency are legitimate," and also urged companies to consider potential harm to consumers and ensure that any claims made by issuers are true. Companies should not use terms such as "anti-inflation" that may mislead consumers.
BlockBeats previously reported that the Financial Conduct Authority (FCA) of the UK announced that from October 8th, cryptocurrency service advertisers will face stricter regulations in the UK. These include introducing a "cooling-off period" for first-time investors and requiring cryptocurrency companies to cancel incentive measures such as "referral bonuses to friends." The FCA stated that stricter regulations aim to help investors understand the risks involved in cryptocurrency investments.
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