This week's popular review | Binance launches new project on Launchpool; Huang Licheng sues on-chain analyst ZachXBT.
BlockBeats will compile industry news highlights for the week of 6.11-6.17 in this article, and recommend in-depth articles to help readers better understand the market and industry trends.
This Week's Important News Review
Binance launches new project Maverick Protocol (MAV) on Launchpool
On June 13th, Binance announced the launch of a new project on Launchpool called Maverick Protocol (MAV). Users can deposit BNB and TUSD into the MAV mining pool on the Launchpad website starting from 08:00 on June 14th, 2023 to receive MAV rewards. The total mining period for MAV is 25 days. Once the liquidity of MAV Token meets the requirements, Binance will open MAV/BTC, MAV/USDT, and MAV/TUSD trading markets. The exact date and time will be announced once confirmed.
Bank of China International issues 200 million yuan worth of tokenized bonds on Ethereum consortium blockchain
On June 12th, UBS Group announced that China International Capital Corporation (CICC) issued digital structured notes initiated by UBS and distributed to its Hong Kong clients, with a total value of 200 million yuan. UBS Group stated that this transaction marks the first such product in the Asia-Pacific region that complies with Hong Kong and Swiss laws and is tokenized on the Ethereum alliance chain. Note: CICC is an overseas investment bank under the Bank of China Group, and the Ethereum alliance chain refers to a permissioned chain built on the open-source Ethereum framework.
US judge denies SEC's request to freeze Binance.US assets
On June 14th, according to Coindesk, the federal judge overseeing the Securities and Exchange Commission's (SEC) case against Binance and Binance.US 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.
Uniswap releases Uniswap v4 code draft and invites community feedback
On June 13th, Uniswap announced the release of the Uniswap v4 code draft, so that v4 can be publicly built. The vision of Uniswap v4 is to allow anyone to make these trade-offs by introducing "hooks". Hooks are contracts that run at various points in the pool operation lifecycle, and pools can make the same trade-offs as v3, or add new features. For example, v4 will allow the pool itself to support dynamic fees, add on-chain limit orders, or act as a time-weighted average market maker (TWAMM) to spread out large orders over time. In addition, the v4 pool will exist in a single contract, which will reduce the cost of creating mining pools by 99%.
FTX Debtor Customer Claim Portal Website to Launch Around July 3rd
On June 15th, claims.ftx.com has been launched as the customer claims portal for debtors. Once the court signs the relevant orders and motions around July 3rd, 2023, the portal will be activated.
Curve 3pool中USDT占比一度超74%，USDT出现轻微脱锚
Curve 3pool's USDT share once exceeded 74%, and USDT has slightly deviated from its peg.
On June 15th, market data showed that the stablecoin USDT had a slight deviation and fell to around 0.9978 US dollars. According to official data from Curve, USDT accounted for 74.35% (301,753,409 coins) of the 3pool on that day.
Celsius will sell customers' counterfeit currency holdings and return Bitcoin and Ethereum to them
On June 15th, the debtor of Celsius Network plans to convert customers' altcoin holdings into Bitcoin and Ethereum after waiting for court approval. This will not affect the tokens held in seized or custodial accounts, and sales are expected to begin on July 1st.
Forbes: Unveiling Guangying Chen, the Guardian of Binance's Treasury
On June 15th, Forbes published an article titled "CEO Changpeng 'CZ' Zhao's mysterious associate Guangying Chen emerges as a key player in his company's operations, which are the subject of a recent lawsuit from the SEC". The article mentions that Binance executive Guangying Chen (referred to as "Chen Guangying" below) controls more bank accounts and serves as a director of more Binance entities than any other executive except CEO CZ. She is currently a director of eight major Binance companies and a signatory of dozens of bank accounts for 27 entities registered in 13 countries/regions, responsible for overseeing the company's finances. Since 2019, she has handled deposits and withdrawals totaling $148 billion. According to relevant documents, Chen Guangying has earned at least $32 million in salary since 2019 and has also signed Binance's most important business transactions.
Huang Licheng files a defamation lawsuit against on-chain detective ZachXBT, who had accused him of embezzling large sums of money and launching several garbage projects in a post 1 year ago.
On June 17th, "Machi Big Brother" Huang Licheng posted on social media that blockchain detective ZachXBT had damaged his reputation with an article titled "22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)" a year ago. Huang has filed a defamation lawsuit against ZachXBT in the Western District Court of Texas, USA.
The on-chain detective ZachXBT responded that the lawsuit filed by Huang Licheng against him is baseless, and he will fight back to defend freedom of speech. ZachXBT stated that he and Huang Licheng have vastly different strengths and funding levels, and Huang Licheng is trying to use money to silence him. ZachXBT hopes to receive help from the community to ensure that the truth can be preserved. He has created a donation address to provide funding for the legal expenses of this incident. The fundraising address has received over $700,000 in donations so far.
This Week's Popular Articles
"Everything you need to know about Uniswap V4"
On June 13th, Uniswap released the Uniswap V4 version code draft, so that the V4 version can be publicly built. The vision of Uniswap V4 is to allow anyone to make these trade-offs by introducing "hooks".
"Uniswap V4: How does it implement limit order trading?"
On June 13th, Uniswap released a draft of the upcoming Uniswap V4 version code, which has many innovative features compared to V3. The most eye-catching feature is the introduction of limit order trading in the V4 version. Many people are curious about how Uniswap V4 implements limit order trading, so let's take a closer look at how Uni V4 achieves this.
"Interview with Polygon zkEVM: One Token is Enough for MATIC"
The heat of the ZK track has not diminished since the Arbitrum airdrop at the beginning of the year. With the launch of zkSync Era, the expectation of "ZK airdrop" has also been pushed to a new high. In addition to zkSync and Starknet, Scroll, Linea and other zkEVM projects have also become the focus of "wool party". As the team that invested in ZK expansion development the earliest, Polygon has a deep understanding and insight into ZK Rollup, and Polygon zkEVM is also one of the few zkEVMs that have been launched. BlockBeats interviewed Jordi Baylina, the technical leader of Polygon zkEVM, to ask about the development status, opportunities, and future prospects of the ZK track.
This "king-level project" with a financing of nearly $200 million has been in development despite the bear market since the end of 2021, when the market was in chaos and investors were cutting their losses and leaving. We no longer hear people talking about DFINITY. What kind of network is ICP? How has it developed and what kind of performance does it have? Are there any misunderstandings or unknown situations regarding the rumors of "high-level selling" by the project team? Can DFINITY, which was supported by a group of Asian capital investments in its early days, return to the public eye in Hong Kong's narrative? To address these questions, BlockBeats interviewed DFINITY founder Dominic Williams.
"Who is George Canellos, the lawyer hired by Binance.US?"
Regarding the lawsuit filed by the SEC against Binance, legal documents on June 12th showed that Binance.US has hired four lawyers from the well-known New York-based law firm Milbank, including George Canellos, the global head of Milbank's litigation and arbitration group and a partner in the New York office. John Reed Stark, former head of the SEC's Internet Enforcement Office, believes that Binance's hiring of George Canellos is evidence of its previous prediction that Binance is preparing for possible criminal litigation.
"Binance's latest Launchpool, with a daily capital efficiency of over 100%, what is Maverick?"
On June 13th, Binance announced the launch of a new project called Maverick Protocol (MAV) on Launchpool. Users can deposit BNB and TUSD into the MAV mining pool on the Launchpad website starting from 08:00 on June 14th, 2023 to receive MAV rewards. The mining period for MAV is 25 days. Once the liquidity of MAV Token meets the requirements, Binance will open MAV/BTC, MAV/USDT, and MAV/TUSD trading markets.
"When Binance Launchpool meets Uniswap V4, whose trump card is bigger?"
Binance announced the launch of a new project, Maverick Protocol (MAV), on its Launchpool platform. Users can deposit BNB and TUSD into the MAV mining pool on the Launchpad website to receive MAV rewards. Binance will open a MAV trading market once the MAV Token meets liquidity requirements. Meanwhile, Uniswap has released the code draft for its V4 version, introducing new features such as Hooks and Singleton to bring more innovation to the DeFi field.
On the morning of June 14th, the District Court of Columbia held a hearing on the SEC's application to freeze Binance.US assets. During the hearing, the federal judge overseeing the SEC's cases against Binance and Binance.US refused to issue a temporary restraining order freezing the exchange's assets on its US trading platform, allowing Binance.US to continue its operations while engaging in further communication with regulatory agencies.
"USDT faces serious selling pressure, are market makers exiting?"
On June 14th, the significant selling pressure of USDT cannot help but remind us of the rapid depletion of market liquidity in the past month. Recently, the market has performed poorly and seems to have entered a period of liquidity shortage. Especially on June 10th, the "15-minute crash" event caused a general drop of more than 20% in altcoins and a corresponding drop in mainstream currencies. It is worth noting that the market had not yet been affected by the SEC's regulatory attack at that time. As for the speculation about the cause of the "15-minute crash," rumors have also emerged in the market that Jump Trading and DWF are withdrawing liquidity and delisting.
"How is Curve stablecoin performing from a data perspective?" Curve always releases exciting crvUSD market cap and anchoring chart data. These charts always look so perfect and envy-inducing. However, they don't provide us with much information - they only tell us that these lines are either going up (market cap) or staying stable (anchoring). crvUSD is still in its early stages, but it is performing strongly in terms of anchoring and utilization. Currently, crvUSD is experiencing rapid growth, so it is recommended to re-examine this data when the growth of stablecoins becomes stable.
ZachXBT's "Memories of Huang Licheng in the Cryptocurrency Industry" Original Article Review
Early this morning, "Machi Big Brother" Huang Licheng posted on social media that ZachXBT, a blockchain detective, had damaged his reputation with an article titled "22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)" published a year ago. Huang has filed a defamation lawsuit against ZachXBT in the Western District Court of Texas in the United States. On June 16, 2022, ZachXBT, a well-known KOL and blockchain detective, published a long article analyzing and exposing his suspicion that Machi Big Brother is associated with more than 10 rug pull projects, and presented the evidence he had collected. Machi Big Brother subsequently commented on Twitter and clarified that ZachXBT's allegations were incorrect information: "This is incorrect information. If he is not anonymous, I will sue him for defamation!" Below is the complete Chinese version of ZachXBT's investigative report.
From a data perspective, interpreting Azuki and Beanz, how to dominate the market fluctuations
This report provides a comprehensive analysis of the performance of Azuki and Beanz in the NFT market, with a focus on their community strength, lending dynamics, and strategic partnerships that drive their resilience and growth. We will explore their trading activities, holder patterns, loan volumes, and cross-platform appeal from a data perspective, showcasing how these two projects have carved out a niche in the market amidst fluctuations.
The FOMO Trap of Crypto Twitter and the Quiet Arrival of ROMO Art
This article is written by ZeePrimeCap MATTI after reading Gstaad Guy's post. MATTI said that although the versions mentioned are different, a good question was raised: "How could one be afraid of missing a bad party and bad company?" Fear of missing out is a natural instinct of the mind. In the world of the internet filled with cheap dopamine, has FOMO (fear of missing out) become an inevitable phenomenon? Is this really a new thing?
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