Web3 Daily | US judge denies SEC's request to freeze Binance.US assets; Uniswap announces v4 version and Wintermute withdraws over 870,000 UNI from CEX.
Top News:
1. Lookonchain: Wintermute withdrew over 870,000 UNI from CEX after Uniswap announced the launch of version 4.
2. A US judge has denied the SEC's request to freeze Binance.US assets;
3. LayerZero ecosystem-wide NFT protocol Holograph is offering a limited-time free multi-chain minting event for "Building" NFTs.
4. Apple has reached an agreement with Damus that allows Damus to remain in the App Store after adjusting the Zap function;
Project Updates
LayerZero ecosystem-wide NFT protocol Holograph opens "Building" NFT limited-time free multi-chain minting eventAccording to official sources, LayerZero's ecosystem-wide NFT protocol, Holograph, has opened a "Building" NFT limited-time free multi-chain minting event. It is reported that "Building" is created by artist Amber Vittoria and can be minted for free on Ethereum, Polygon, Avalanche, BNB Chain, and Optimism, with a time limit of 48 hours (ending in 1 day and 9 hours).
Binance has now completed the integration of PancakeSwap (CAKE) on the Aptos network and has opened up the deposit and withdrawal services for PancakeSwap (CAKE) on the Aptos network.
Binance clarifies updated terms of use: plans to convert users' "zombie assets" into stablecoinsAccording to Cryptoslate, Binance will convert users' "zombie assets" into stablecoins to protect their assets from being "trapped", but it has not disclosed which stablecoin will be used. Zombie assets refer to cryptocurrencies that have been delisted from trading platforms and whose networks are "completely unsupported by the trading platform". Binance stated that "the service terms have been updated prior to the SEC's lawsuit and the update is not related to recent market instability in the United States."
The assets delisted by Binance can be held by users in the Binance wallet for a long time, but if they are not converted to other assets before the network is completely unsupported, they (zombie assets) may eventually be trapped in the user's account. Based on feedback from institutional users, we realize that the language of the [Terms of Use] can be more clear, and we will update it soon: 1. Zombie assets should be converted to stablecoins, 2. This will only happen after the notification period so that users can choose to withdraw the delisted assets.
OmniBOLT protocol Lightning Network wallet OBWallet has launched on the mainnet.
The OmniBOLT protocol has released the mainnet version wallet OBWallet, which is now available for download on the project's GitHub repository.
OBWallet is a lightning network wallet that supports various Omnilayer assets, is non-custodial, and does not require trust in any third party. Early community whitelist customers can receive Omni-USDT airdrops and claim USDT red envelopes in the wallet.
Bittrex US will resume withdrawals this Thursday.
According to CoinDesk, the bankrupt cryptocurrency exchange Bittrex will resume withdrawals for users at its US branch, Bittrex US, starting on Thursday local time.Genesis restructuring plan, negotiations with parent company DCG over debt will continue
According to a report by CoinDesk, Genesis has submitted a new liquidation plan, according to a court filing on Tuesday. Meanwhile, negotiations over the debt owed by its parent company DCG are still ongoing. The filing stated that the latest restructuring plan "reflects substantial agreement on certain key issues," but added that Genesis and its creditors and other stakeholders have maintained their positions in ongoing negotiations.
In April of this year, a mediator was appointed by the court to resolve disputes, including the DCG issue. The plan indicates that the claims of DCG and bankrupt 3AC are disputed and "damaged", indicating that creditors will not receive the full value of their claims. The plan states that DCG's creditors will be treated the same as other unsecured creditors, but will not benefit from any profits generated by the parent company's debt. In January of this year, DCG stated that it owed Genesis Capital $526 million, which will be due in May 2023, and an additional $1.1 billion in notes due in June 2032. The documents state that claims related to FTX and Alameda Research should not be allowed to benefit from any fraudulent transfer kickbacks. FTX claims that Genesis owes it $3.9 billion, which Genesis denies. In a parallel filing submitted on Tuesday, FTX argued that its claim against Genesis should be adjudicated as part of its Delaware court proceedings.
SoQuest launches the first Quest-as-a-Service (QaaS) solution in the Web3 field
Web3 task platform SoQuest has launched an innovative Quest solution called Quest-as-a-Service (QaaS). SoQuest QaaS provides a set of Widget plugins that support project parties to seamlessly integrate Quest functions on any website, allowing users to directly participate in interactions.
SoQuest QaaS provides a one-stop task management, reward management, and data analysis tool, opening up the capabilities of the Quest platform to customers, effectively helping customers improve brand awareness and user loyalty.
DWF Labs has become a liquidity provider for TRON.
DWF Labs has announced a strategic partnership with TRON, a blockchain platform. As part of this partnership, DWF Labs has become a liquidity provider for TRON to enhance ecosystem support.ConsenSys urges SEC to withdraw its amendment on the definition of "trading platform"
Bill Hughes, a lawyer for ConsenSys, the parent company of MetaMask, posted on social media that "ConsenSys has submitted its opinion on the SEC's proposed amendment to the definition of 'trading platform', and stated that if these amendments are finalized in their current form, they would be illegal. Although cryptocurrencies, blockchain technology, or their applications are not mentioned in the over 200-page amendment, the amendment and related rules apply to blockchain-based systems. ConsenSys urges the SEC to withdraw the proposed amendment."
Gemini launches staking service in Switzerland and Turkey, currently only supports ETH and MATICAccording to official sources, the cryptocurrency trading platform Gemini has announced the launch of its staking services in Switzerland and Turkey. Gemini users located in Switzerland and Turkey can stake ETH and MATIC to earn rewards.
Lisk: Discord server hacked, no token airdrops or giveaways
The blockchain application platform Lisk has officially stated that "the Discord server has been hacked, please do not click on any published links, there are no token airdrops or giveaways."
Binance will support the BNB Beacon Chain (BEP2) network upgrade and hard fork.According to an official announcement, Binance is expected to suspend the deposit and withdrawal services of BNB Beacon Chain (BEP2) network at 13:30 on June 15th to support the network upgrade and hard fork of BNB Beacon Chain (BEP2) at the network block height of 321,213,000 (expected at 14:00 on June 15th). Token transactions available on the BNB Beacon Chain (BEP2) network during this period will not be affected.
Bitcoin infrastructure company Blockstream plans to launch ASIC miners in Q3 2024.
According to CoinDesk, Adam Back, CEO and co-founder of Bitcoin infrastructure company Blockstream, said that Blockstream is expected to launch a dedicated Application-Specific Integrated Circuit (ASIC) miner around the third quarter of 2024. The new ASIC miner was initially scheduled to be launched in 2022, but it is now expected to be released in the second half of 2024.
It is reported that the company acquired Israeli miner manufacturer Spondoolies in 2021 and brought the manufacturer's core team into Blockstream's mining department. In January of this year, Blockstream completed a $125 million financing round to expand its Bitcoin mining services.
Apple reaches consensus with Damus, Zap can stay in App Store after adjustment
According to a report by Blockworks, Apple has stated that it has had discussions with the open social app Damus, which is based on the Nostr protocol, and has reached a consensus on how Damus' Zap feature can survive on the platform. Apple stated: "We have spoken with the developer and explained how they can address this issue, and confirmed that they can address this issue in the next update." William Casarin, the creator of Damus, also posted a message on the Damus application, explaining how zaps will change.
Casarin said: "Currently, users can reward others through the lightning button at the bottom of 'note'. Apple wants to cancel this feature, but it will allow Damus users to reward each other on their profiles. Damus can keep the Zap button on their profile, but not 'note'. If it's on 'note', it will be considered as 'selling digital content'. Damus later tweeted that this change 'weakens' the platform's advantage."
BlockBeats previously reported that Damus, an open social application 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 on its platform because content creators may use it to sell digital content.
Cryptocurrency custodian Prime Trust's subsidiary Banq has filed for bankruptcy protection
According to CoinDesk, Banq, a subsidiary of cryptocurrency custodian Prime Trust, has filed for bankruptcy protection in the Nevada bankruptcy court. In the bankruptcy filing, the company listed assets of approximately $17.72 million and liabilities of $5.4 million. The company also stated in its submitted documents that its former executives transferred $17.5 million of assets, including trade secrets and proprietary information and technology, to Fortress NFT Group without authorization.
Banq has sued Fortress for allegedly stealing trade secrets to launch competing NFT platforms Fortress NFT and Planet NFT, and further accusing them of engaging in fraudulent activities to cover up their misconduct. Digital asset management platform Haru Invest has also suspended operations due to difficulties with an unnamed service provider (believed to be Banq or Prime Trust).
Viewpoint
Circle CEO Jeremy Allaire said at a hearing of the House Financial Services Committee on stablecoin regulation that national standards need to be established for stablecoin regulation and should be enforced by federal regulators in appropriate circumstances.
In addition, Allaire stated that stablecoin issuers should hold more robust asset reserves than banks and should not use partial reserve mechanisms similar to the banking system to ensure that funds used for stablecoin payments and redemptions are not at risk.
MicroStrategy co-founder and CEO Michael Saylor said, "The recent enforcement actions by US regulators make it clear that the cryptocurrency industry is destined to be rationalized into an industry centered around Bitcoin (BTC)."
The probability of the Fed maintaining interest rates in June is 95.3%
According to CME's "FedWatch": The probability of the Fed maintaining interest rates in June is 95.3%, and the probability of raising interest rates by 25 basis points to the range of 5.25%-5.50% is 4.7%.
The Fed will announce its June interest rate decision at 2:00 am on June 15th, followed by a press conference by Fed Chairman Powell. The market generally predicts that the Fed will pause its rate hikes for the first time in 15 months.
数据
translates to
Data
in English.
巨额解锁在即，两地址亏损抛售全部 Blur 持仓
Translation:
Large unlocking imminent, two addresses sell all Blur holdings at a loss
According to Lookonchain monitoring data, two addresses sold all their BLUR holdings due to concerns about the upcoming massive BLUR unlock. The address starting with 0x705d sold 101,796 BLUR (approximately $32,500) at a loss of 68% (approximately $68,000), while the address starting with 0x568e sold 194,040 BLUR (approximately $61,000) at a loss of 51% (approximately $62,000), resulting in a total loss of approximately $115,000 on BLUR. On June 15th at 2:00, 195,999,999.97 BLUR will be unlocked, worth approximately $62.64 million, accounting for 6.533% of the total supply.
Data: Whale addresses accumulated 1.1 trillion PEPE in the past 4 days
According to data from Spot on chain, the whale address starting with 0x697 has exchanged 522.3 ETH and 117,000 USDC for 11.1 trillion PEPE (worth about $1.08 million) in the past four days. It is worth noting that the ETH from the address starting with 0x697 came from 0x4ff (xvx.ETH), which realized a profit of over $2.13 million by trading PEPE from April 17th to May 29th (42 days).Atomic wallet attacker causes over $100 million in losses
Elliptic monitoring shows that the losses caused by the Atomic wallet attacker have exceeded $100 million, and the attacker is currently using the Russian encrypted trading platform Garantex to launder some of the stolen funds.
Elliptic has stated that it has collaborated with investigators and trading platforms around the world to track and freeze the stolen funds. This has resulted in over $1 million of stolen assets being frozen.
Funding
法国 AI 公司 Mistral AI 完成 1.13 亿美元种子轮融资，Lightspeed Venture Partners 领投
Translation:According to Techcrunch, Mistral AI, a French artificial intelligence startup, has completed a seed round of financing of 105 million euros (113 million US dollars), led by Lightspeed Venture Partners, with participation from Xavier Niel, JCDecaux Holding, Rodolphe Saad, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, First Minute Capital, and LocalGlobe.
According to sources, the financing for this company is valued at 240 million euros (260 million US dollars).
It is reported that the company is a new company formed by former researchers from DeepMind and Meta companies. It will compete with OpenAI and Google in the construction, training, and application of large-scale language models and generative AI, and develop generative artificial intelligence infrastructure. The company plans to release its first text-based generative AI model in 2024.
加密税务服务平台 TaxNodes 完成 160 万美元融资，Shardeum CEO 等参投
Translation: According to Financial IT, TaxNodes, a cryptocurrency tax service platform, has completed a $1.6 million seed round of financing. Investors include Rahul Pagidipati, CEO of ZebPay, Nischal Shetty, CEO of Shardeum, Ashish Singhal, co-founder and CEO of CoinSwitch, and Ajeet Khurana, founder of Reflexical. As previously reported by BlockBeats, Avinash Shekhar, former CEO of Zebpay, launched TaxNodes, a cryptocurrency tax startup that collects cryptocurrency transactions across chains, exchanges, wallets, and other channels in compliance with KYC and AML regulations, and generates cryptocurrency tax information.Regulation
A member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council stated on their social media that "I have contacted Coinbase and will work together to understand the opportunities for development in Hong Kong. Further information will be announced here!"
Previously, Wu Zhuangjie stated that he welcomes global virtual asset trading platforms (including Coinbase) to apply for compliant trading platforms and discuss listing plans in Hong Kong, and he is willing to provide assistance.
Binance.US and SEC reach agreement to avoid freezing all assetsAccording to Bloomberg, at the hearing of the US Securities and Exchange Commission's (SEC) temporary restraining order against Binance.US, Binance.US and the SEC agreed to a compromise to avoid the freeze of the cryptocurrency trading platform's total assets. In response to the SEC's asset freeze request, Binance proposed a compromise plan, which includes transferring the cryptocurrency assets of US customers to a new wallet with new private keys, which will be solely controlled by Binance.US. As part of its proposal, the exchange also requested to continue paying employee salaries and operational costs, while promising not to transfer any assets or pay any funds to benefit any Binance entity without a court order.
The US House Committee will vote on a new encryption bill in the coming weeks.
The Chairman of the House Financial Services Committee, Patrick McHenry, stated at a hearing on Tuesday that he plans to hold a committee vote on a comprehensive bill in the coming weeks to establish a regulatory framework for cryptocurrency products. He stated that a bill is expected to be submitted for the committee's consideration after lawmakers return on July 11th.
Earlier this month, Republican Representatives Patrick McHenry and Glenn Thompson of Pennsylvania released a draft bill that focuses on token classification, the jurisdiction of the CFTC and SEC, and access to open cryptocurrency trading.
It is reported that the draft proposes to more clearly divide the regulatory powers of cryptocurrencies between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States, providing regulatory certainty for digital asset companies. The draft also allows for the trading of digital commodities on secondary markets and allows digital asset trading platforms to register as alternative trading systems. Although the draft has not yet been formally submitted to Congress, the industry has made a positive initial response.
A US judge denies SEC's request to freeze Binance.US assets
According to Coindesk, the federal judge overseeing the Securities and Exchange Commission's (SEC) case against Binance and Binance.US has refused to order a temporary restraining order freezing the assets of the US trading platform. This will allow Binance.US to continue its operations while discussing the restraining order with regulators. If the two sides can reach an agreement on the restriction, Judge Amie Berman Jackson of the District of Columbia court said there is "absolutely no need" to issue a restraining order. At the same time, the judge ordered Binance.US to provide the court with a list of its business expenses and ordered the two sides to continue negotiations and report to the court by the end of Thursday.
In a Washington courtroom where no one was absent, the judge criticized the SEC lawyer's motion to freeze all assets of the company until it could prove that no one, including CZ, on the Binance global platform could access its private keys. When asked if any Binance.US customer funds had actually left the United States, the judge seemed frustrated with the answers she heard. Prior to this, several SEC lawyers had expressed concern that Binance's global platform controlled enough private key fragments to transfer funds.
A court in the Bahamas has temporarily barred the country's government from agreeing to allow US prosecutors to bring partial criminal charges against Sam Bankman-Fried (SBF), the founder of bankrupt cryptocurrency trading platform FTX. The Bahamas Supreme Court said the country's foreign and justice ministers could not agree to new charges until SBF had a formal opportunity to object.
Last month, US federal prosecutors in Manhattan said they would drop five overseas bribery, bank fraud and conspiracy charges against SBF if the Bahamian government did not agree. These charges were not included in SBF's original eight charges, which focused on FTX's collapse the previous month, but were added after his extradition.
美 SEC：预计需要四个月来回应 Coinbase 的数字资产规则制定请求
Translation:US SEC: Expects to take four months to respond to Coinbase's request for digital asset rulemaking
According to The Block, the U.S. Securities and Exchange Commission (SEC) stated that it is expected to take 120 days to respond to Coinbase's request to establish rules for digital asset trading. The SEC stated that it has not yet decided what action to take on this request. In a document submitted to the U.S. Third Circuit Court of Appeals, the SEC insisted that the petition should be rejected.
It is reported that Coinbase requested clearer rules to "replace existing applicable requirements", which was made before the SEC filed a lawsuit against the company last week, accusing the company of trading unregistered securities.
According to the Securities Times, Shen Xinguo, the director of the Tax Service Department of the State Administration of Taxation, stated that currently 96% of tax-related matters and 99% of tax declarations can be handled online. More than 95% of the national social security payment business is conducted online. The pilot program for using digital RMB to pay taxes has processed 12,000 transactions and 25.9 billion yuan in taxes this year. Innovative interactive services have been provided to taxpayers through intelligent responses and three-party video consultations to help them solve online tax payment issues. Since the beginning of this year, 1.48 million interactive services have been provided.
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