Web3 Daily | iShares, a subsidiary of BlackRock, submits application for physically-backed Bitcoin ETF to SEC; Three Arrows Capital's second round of NFT auction generates sales exceeding $10.9 million.
Selected News:
1. BlackRock's iShares has submitted an application for a physically-backed Bitcoin ETF to the SEC;
2. Binance announced its withdrawal from the Dutch market;
3. Sotheby's completed the second round of NFT auctions with Three Arrows Capital, generating sales of over $10.9 million.
4. Mango attacker Avraham Eisenberg will be criminally tried on December 4th;
5. Coingecko Data: Only 7 mainstream currencies, including BGB and RNDR, outperformed BTC in the first half of the year;
Project Updates
BlackRock's iShares submits application for Bitcoin ETF to SEC
The asset management giant BlackRock's subsidiary iShares has submitted a filing to the US SEC for a physically-backed Bitcoin ETF. The fund will be named "iShares Bitcoin Trust" and its assets will be "primarily held in bitcoin deposited with the Trust's custodian". The filing states that the custodian will hold the bitcoin through the cryptocurrency exchange Coinbase (COIN).
While the SEC has previously approved some Bitcoin ETFs based on futures, it has rejected attempts by other fund managers to launch physically-backed Bitcoin ETFs, including Grayscale, VanEck, and WisdomTree.
Tether announced on its official website that, according to the terms of the 2021 settlement agreement, it is required to report on the stablecoin reserves to the New York Attorney General's Office every quarter for two years. CoinDesk has requested disclosure of materials related to Tether's first quarter report under the Freedom of Information Act, and on the morning of the 15th local time, the New York Attorney General's Office provided a response document to CoinDesk.
Tether pointed out that the attack on USDT through DeFi and CEX today happened to coincide with the day the material was handed over to CoinDesk. Tether stated that the material obtained by CoinDesk is outdated and cannot accurately reflect its reserve status. Tether also called on CoinDesk to abandon bias and not disclose its customer information. In addition, Tether is monitoring the USDT market and looking for signs of manipulation that may cause panic when CoinDesk decides to disclose any information about this matter.
Binance announced its withdrawal from the Dutch market.
According to official sources, Binance will be exiting the Dutch market and will no longer accept new users residing in the Netherlands. Starting from 08:00 on July 17, 2023 Beijing time, existing Dutch resident users will only be able to withdraw their assets from the Binance platform and will not be able to make further purchases, trades, or deposits. Binance encourages users to take appropriate action and withdraw their assets from their Binance accounts.
BlockBeats previously reported that on March 17th, Laura van Geest, the chairman of the Dutch Financial Markets Authority (AFM), stated that the Netherlands will take a tough approach to enforcing the new EU encryption rules. MiCA can only partially address its risks, and "given past history, we believe there is no reason to relax enforcement."
HashKey Capital bought ETH worth $7.47 million at an average price of $1643 yesterday
According to data monitored by Yu Jin, HashKey Capital transferred 7.47 million USDT to Binance yesterday. Today, the address withdrew 4,547 ETH from Binance, with an expected purchase price of $1,643. Additionally, the address sold ETH in the $2,090 range on April 19th.Zhu Su: OPNX daily trading volume breaks $32 million, reaching a new historical high
Zhu Su tweeted that the daily trading volume of the cryptocurrency claims and trading platform OPNX has exceeded 32 million US dollars, reaching a new historical high.
OKX Web3 wallet exclusively supports Omega Network airdrop claim
According to official sources from OKX, the OKX Web3 wallet has integrated with the Omega Network and exclusively supports claiming OMN Token airdrops. All eligible participants can claim their OMN Token rewards through the OKX Web3 wallet, which can automatically identify and connect to the Omega Network without the need for manual switching. Omega Network is a lightweight and decentralized solution aimed at creating a secure and high-performance decentralized social platform, allowing users to easily mine through their mobile devices.
Arbitrum ecosystem game Layer3 Xai will introduce Xai Token as GasAccording to official information, the Arbitrum ecosystem game Layer3 Xai will introduce Xai Token, which will play multiple roles, including serving as transaction gas and providing incentives for validators to maintain the network. In addition, the Xai ecosystem will adopt a governance system consisting of foundations, decentralized autonomous organizations (DAOs), and validators to ensure complete decentralization. Furthermore, Xai was designed with the abstraction of accounts and wallets in mind, simplifying the process of managing accounts and wallets to allow more players to join the cryptocurrency gaming ecosystem.
Open Campus DAO officially established, EDU holders will be able to participate in community governance.
According to official sources, the Web3 education protocol Open Campus has announced the establishment of Open Campus DAO. EDU holders can participate in the governance of the DAO through the proposal process. In addition, the Open Campus DAO has a board of directors, with 5 members including Yat Siu, founder of Animoca Brands, responsible for reviewing and verifying proposals submitted by EDU holders to ensure they meet the standards required by the DAO governance framework, as well as managing and supervising the implementation of proposals approved by EDU token holders.苏富比完成第二轮三箭资本 NFT 拍卖，销售额超 1090 万美元 Translation:
According to CoinDesk, Sotheby's completed the second round of NFT artwork auctions with a holding by Three Arrows Capital, with sales exceeding $10.9 million. The auction featured 37 pieces from the Grails series, created by generative artists such as Dmitri Cherniak, Tyler Hobbs, and Jeff Davis.
Highlights of the auction included Dmitri Cherniak's "Ringers #879" (The Goose), estimated to be worth between $2 million and $3 million. Three Arrows Capital co-founders Su Zhu and Kyle Davies purchased "The Goose" for approximately 1,800 ETH in August 2021, valued at around $5.8 million at the time.
After multiple rounds of bidding, it was finally sold to the famous NFT investor 6529 for a price of $6.2 million. Sotheby's stated that this is the second highest price ever for a generative artwork.
In addition, Tyler Hobbs' Fidenza #479 sold for $622,300, Snowfro's Chromie Squiggle #1780 sold for $635,000, and Larva Labs' Autoglyph #218 and Kjetil Golid's Archetype #397 both sold for $330,200.
South Korean cryptocurrency financial company Delio announced that it will hold an investor briefing in Seoul on the morning of June 17. Delio stated that the purpose of this investor briefing is to apologize for the current situation, explain FUD, and address issues. Delio will also report to investors on the current situation and discuss feasible investment recovery plans.
Delio stated that only actual customers using Delio services can participate in the meeting and must sign (declaring that they will not use physical or verbal violence) before the meeting begins.
BlockBeats previously reported that after Haru Invest suspended platform deposits and withdrawals, Korean cryptocurrency company Delio began implementing work-from-home for all employees and suspending withdrawals. In response to external doubts about Delio depositing customer funds into Haru Invest, Delio clarified that Haru Invest's suspension of deposits and withdrawals is not related to the company. Later, Delio responded to Block Media, stating that "Delio has business dealings with Haru Invest, but it is not convenient to disclose the specific amount."
Haru Invest and Delio investors are preparing to launch a class action lawsuit.
BlockBeats News, according to Asiae, investors of Haru Invest, a digital asset management platform mainly operating in South Korea, and Delio, a South Korean crypto finance company, are preparing to launch a class action lawsuit through LKB Law Firm. As of yesterday, about 410 investors gathered in a Kakao Talk chat room to prepare for the class action lawsuit, of which about 120 were investors from Delio.
Uniswap Foundation has released a cross-chain bridge evaluation report. The foundation hired a group of nine experts to analyze six cross-chain bridges. After a comprehensive review involving code evaluation and direct interaction with cross-chain bridge teams, the committee approved Wormhole and Axelar for specific use cases in Uniswap's protocol governance. LayerZero, Celer, deBridge, and Multichain do not currently meet the foundation's standards. The report leaves open the possibility of re-evaluating certain protocols after future updates.
The decentralized trading protocol Hashflow has conducted a retrospective on the white hat hacker incident, stating that the affected routing contract was deprecated on May 3, 2022, and users were notified to revoke their permission. On June 14, a white hat hacker began transferring assets from wallets that were not properly revoked, and the current Hashflow router contract will not be affected in any way. Hashflow has also released instructions for affected users to reclaim their funds.
Yesterday, Paiduin Monitoring reported that Hashflow was suspected to have suffered an attack related to authorization, with current losses of approximately $400,000, of which $195,000 occurred on Arbitrum and $215,000 occurred on Ethereum. Hashflow subsequently stated that all affected users, totaling approximately $600,000, will be fully restored.
According to the Snapshot page, the ApeCoin DAO community has initiated voting for the nomination of members of the Ape Foundation Special Committee and the governance working group administrators. The voting for this round will end on June 22nd. The top 5 nominated individuals (or all nominated individuals if less than 5) from the community vote will enter the next round of voting on June 22nd, which will end on the 28th. The elected members of the special committee and governance working group administrators will begin their term on July 1st.
OKX Web3 wallet has now integrated Across cross-chain bridge
According to official sources, the OKX Web3 wallet has now integrated the Across cross-chain bridge, providing users with more options for fast cross-chain transactions. It is understood that the OKX Web3 wallet is a heterogeneous multi-chain wallet that supports multi-chain cross-chain aggregation swap services. Through intelligent routing algorithms, it provides optimal liquidity in multi-chain and cross-chain scenarios, supporting 300+ Dex, 20+ mainstream public chain swaps, and 10+ mainstream public chain cross-chain swaps, as well as Tron, BTC, and other non-EVM cross-chain swap services.基于 Lens Protocol 的 Web3 社交平台 Buttrfly 已上线 App Store Translation:
Web3 social platform Buttrfly based on Lens Protocol has been launched on App StoreAccording to official sources, the Web3 social platform Buttrfly based on Lens Protocol has been launched on the App Store. Users can experience multimedia Web3 social interaction through the platform and interact through the Web3 encrypted information network XMTP.
Astar Network will launch Astar 2.0, including improvements to token economics, etc.
The Polkadot ecosystem's smart contract platform, Astar Network, has announced the launch of Astar 2.0, which includes improvements to token economics, determining the optimal inflation rate, and improving transaction fees. Astar 2.0 will also introduce Staking 2.0, Astar Link with customizable SDK, Startale Labs, and the establishment of Astar governance.
Viewpoint
Morgan Creek founder: BlackRock applies for a Bitcoin redeemable trust, competing with GBTC
Morgan Creek Digital co-founder Anthony Pompliano stated on his social media platform that the Bitcoin trust applied for by BlackRock is not a Bitcoin ETF. These products are only different in terms of technology, especially in terms of regulation and approval, but the ultimate result for investors is similar.
Pompliano also stated that if the product is approved for issuance, it may force GBTC to introduce daily redemption and reduce fees to compete with it.
Many Wall Street companies may launch fast-following products to compete with BlackRock.
According to previous reports, the iShares department of BlackRock, a fund management giant, submitted an application file for iShares Bitcoin Trust to the US SEC. The fund assets will mainly consist of bitcoins held by the trust on behalf of the custodian. The file states that the custodian will be the cryptocurrency trading platform Coinbase.
The respondents stated that they are prepared to invest up to 5% of their investments in digital assets.
Professional investors manage a total of $4.95 trillion in assets, and Laser Digital surveyed 303 of them. The participants were interviewed online in April and came from most major financial markets around the world.
According to WSJ, sources say that the Federal Reserve and SEC are investigating Goldman Sachs. Goldman Sachs played a role in the purchase of a securities portfolio from Silicon Valley Bank.
As part of the SVB investigation, the Department of Justice has also issued a subpoena to Goldman Sachs. Sources say that the investigation into Goldman Sachs is part of the ongoing SVB collapse investigation being conducted by the SEC and the Department of Justice.
The Federal Reserve and the US SEC are seeking documents related to Goldman Sachs' role as a buyer of securities investment portfolios and SVB's financing advisor, and are investigating whether Goldman Sachs' investment banking and trading departments engaged in improper communication regarding the sale of investment portfolios. Last month, Goldman Sachs disclosed in a securities filing that it is "cooperating with multiple government agencies' investigations and inquiries into SVB and providing information to them, including the company's business with SVB around March 2023."
数据
translates to
Data
in English.
Funding
DID startup Intuition raised $4 million in funding, led by Superscrypt
The decentralized identity (DID) startup Intuition has completed a $4 million financing round, led by Superscrypt, with participation from Shima Capital, Avon Ventures, WW Ventures, Matrixport Ventures, Polygon Ventures, ConsenSy, and some DAO and angel investors.
Intuition allows users to create proofs about any topic and store information in a way that is easy to navigate, query, and utilized by other applications. Its protocol and middleware enable developers to integrate the company's proofs and knowledge graph into their own applications. Intuition will initially launch with a knowledge graph browser built on top of the protocol and will directly display human-readable data about popular network wallet addresses.
Regulation
Bloomberg: Hong Kong is working to help cryptocurrency companies obtain legal banking services
According to sources cited by Bloomberg, Hong Kong's financial regulatory agency convened banks, cryptocurrency platforms, and other industry participants on Monday to discuss how to address the challenges faced by cryptocurrency companies in opening bank accounts. This is the second meeting organized by Hong Kong regulators since late April to encourage banks and other institutions to participate in the cryptocurrency industry.
This month, Hong Kong introduced a new licensing system that covers cryptocurrency trading platforms, but the industry's development has been hindered by difficulties in bank access, talent shortages, and crises.
The Texas State Securities Board (TSSB) has charged cryptocurrency investment management company Abra, Abra Boost, Plutus Lending, and Abra founder William Barhydt with misleading the public and committing securities fraud, and has issued an emergency cease and desist order.
The Texas State Securities Board stated that the company has been insolvent since at least March 31, 2023. Abra offered investments in Abra Earn and Abra Boost, but these investment products contained misleading statements.
BlockBeats previously reported that on December 28, 2022, Abra was restructuring several of its business lines and considering cost-cutting measures as a buffer against the bear market. Measures taken by Abra's senior management include relatively significant layoffs in the company's sales, trading, and research departments.
The Montenegrin court orders extradition and custody of Do Kwon for six months
According to local media RFE, the Higher Court of Podgorica in Montenegro has ordered the extradition and detention for six months of Do Kwon, co-founder of Terraform Labs, and his accomplice Hon Chang Joon. During this period, the Montenegrin court will decide whether to extradite Do Kwon to South Korea, where he is wanted on charges of cryptocurrency fraud involving assets worth $40 billion.
A hearing on the forgery charges is scheduled for Friday, June 16, and the two are being tried in the Podgorica District Court. On the same day, Do Kwon is also expected to be questioned at the Special State Prosecutor's Office, as he mentioned his relationship with Milojko Spaji, leader of the Party of European Socialists (PES), in a letter he sent to Montenegrin officials from prison.
美国法官将在最新听证会上考虑 Terraform Labs 的加密货币是否是证券
Translation:A US judge will consider whether Terraform Labs' cryptocurrency is a security at the latest hearing
According to CoinDesk, a US court will make a decision within a month on Terraform Labs' motion to dismiss the SEC lawsuit. Judge Rakoff stated that a ruling on the motion to dismiss will be announced on or before July 14th.
BlockBeats previously reported that in February of this year, the US SEC filed a lawsuit with the US Southern District Court of New York, accusing Terraform Labs PTE Ltd, headquartered in Singapore, and Do Hyeong Kwon of planning billions of dollars in fraudulent cryptocurrency securities involving algorithmic stablecoins and other cryptocurrency securities, violating registration and anti-fraud provisions of the Securities Act and the Exchange Act. In April, Terraform filed a motion to dismiss the charges, claiming that the SEC had not asserted jurisdiction over the company or Kwon and raising disputes related to the Administrative Procedure Act and the principle of primary jurisdiction.
The US House of Representatives will hold two SEC oversight hearings on June 22nd.
The Chairman of the House Financial Services Committee, Patrick McHenry, announced two hearings related to the oversight of the SEC. The Oversight and Investigations Subcommittee will hold a hearing on "Oversight of the SEC" on June 22 at 9:00 am local time, while the Capital Markets Subcommittee will hold a hearing on "Oversight of the SEC's Trading and Markets Division" on June 22 at 10:30 am local time.
Mango attacker Avraham Eisenberg will be criminally tried on December 4th.
According to Bloomberg, Avraham Eisenberg, the attacker of Mango Markets, was sentenced in a criminal trial on December 4th for his involvement in the October 2022 Mango Markets exploit. As previously reported by BlockBeats, the exploit stole $116 million from the DeFi protocol Mango Markets due to price manipulation attacks on the oracle, and Avraham was subsequently sued by Mango Labs for the remaining $47 million and charged with three criminal offenses: commodity fraud, commodity manipulation, and wire fraud.According to a report by Cointelegraph, US District Judge Lewis Kaplan ruled on June 15 that the criminal charges against FTX co-founder SBF have been separated, and SBF now faces two separate trials. The trial for the 8 charges against him before being extradited from the Bahamas to the United States will begin on October 2, and the trial for the additional 5 charges is scheduled for March 11, 2024.
Welcome to join the official community of BlockBeats by LuDong
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
