Web3 Daily | Huang Licheng buys $25 million Los Angeles mansion; Binance.US claims SEC never provided evidence of customer asset abuse.
Selected News:
1. Binance.US: The SEC has never provided evidence of the platform's misuse of customer assets;
2. Huang Licheng purchased a brand new Los Angeles mansion for $25 million;
3. ZachXBT has transferred a portion of the donation to a multi-signature wallet, and the current fundraising address has a token net value of approximately $70,000;
4. CryptoPunk #8611 was destroyed for approximately 50 ETH and the same image and inscription was minted on Bitcoin;
5. The Block: CEX spot daily trading data has fallen to the level at the beginning of this year;
6. Hong Kong Monetary Authority CEO: Hong Kong banks should update their understanding of virtual assets and clarify their regulatory expectations to the authorities;
Project Updates
Huang Lizheng purchased a brand new Los Angeles mansion for $25 million
According to the luxury real estate news website dirt.com, "Brother Ma Ji" Huang Lizheng purchased a brand new mansion located on Bird Street in Los Angeles, California for $25 million last week. The mansion has a total area of 14,000 square feet (about 1,300 square meters), with 5 bedrooms and 8 bathrooms. Designed by Vantage Design Group, the seller is Hankey Capital. It has a wine cellar, marble bar, and a large gym.
As previously reported by BlockBeats, on June 17th, "Brother Ma Ji" Huang Lizheng stated that blockchain detective ZachXBT had published an article damaging his reputation a year ago. He has filed a defamation lawsuit against ZachXBT in the Western District Court of Texas, USA. He later demanded that ZachXBT apologize and stated that any compensation would be donated to charity.
At this point, "Brother Ma Ji" is deeply embroiled in public opinion. ZachXBT responded that Huang Lizheng's lawsuit against him is unfounded and that he will fight back to defend freedom of speech. In less than two days, ZachXBT has received over $1 million in donations to pay for legal fees. He has received support and donations from Binance, cryptocurrency media Bankless, Coinbase Cloud protocol leader Viktor Bunin, cryptocurrency security company CertiK, Cosine, Justin Sun, and other institutions and KOLs.
Binance: Will transfer BTC funds to new addresses, ensuring user fund security.
According to official sources, Binance will transfer funds from the BTC cold wallet to a new address starting with 1Pzaqw98. There may be significant fund movements in the near future, but user funds are secure.According to sources cited by the Financial Times, Crypto.com, a cryptocurrency trading platform based in Singapore, has a proprietary trading and market-making team whose sole goal is to "make money rather than facilitate trades." However, Crypto.com executives have issued a sworn statement to other external trading companies stating that "Crypto.com will never participate in trading." Employees of the trading platform have also been instructed to "say that there are no internal market-making operations."
Crypto.com responded by stating that they did not require employees to lie to other market participants. The platform has an internal market maker operating on the Crypto.com trading platform, which is treated the same as third-party market makers and helps facilitate low spreads and efficient markets on our platform. The majority of the platform's revenue comes from its retail trading application, where Crypto.com acts as the counterparty to customers and operates as a broker. Therefore, the Crypto.com trading team hedges these positions across multiple venues, including the Crypto.com trading platform, to ensure risk neutrality for Crypto.com. Participants on the platform, including market makers, are treated equally. The company does not rely on proprietary trading as a source of revenue."
Binance spot launches spot DCA (Dollar Cost Averaging) robot
Binance has launched a spot DCA robot on its spot platform. This feature is a new dollar-cost averaging (DCA) strategy for trading robots. The DCA robot automatically buys and sells assets in fixed quantities based on the price deviation and desired period selected by the user.
With this feature, users can now set up a spot DCA robot to buy and sell assets at an average price, reducing the impact of market fluctuations. In addition, the spot DCA robot can assist users in automatically profiting at the desired profit-taking percentage.
Frax Finance founder expresses support for a more aggressive FXS buyback strategy.
Frax Finance founder Sam Kazemian expressed support for a more proactive FXS buyback strategy proposed by Ouroboros Capital. Last year, the Frax Finance community voted in favor of a proposal to use 20 million FRAX to repurchase FXS. On June 16th, cryptocurrency investment research firm Ouroboros Capital proposed a plan to actively optimize the current buyback strategy.
This proposal suggests initiating a Time-Weighted Average Price (TWAP) buyback worth $1 million when the FXS price falls below $5. If the stock price falls further to below $4, it is recommended to initiate an additional $1 million buyback for a period of one month. The key premise here is to purchase more FXS for subsequent destruction as the price continues to fall. According to CoinGecko, the current price of FXS is $5.4.
Kazemian agrees with the overall idea of accelerating the TWAP mechanism as the FXS price drops to $4, $3, and $2. "If the price continues to fall, we should be more aggressive in buying back more tokens," he added.
Binance UK subsidiary BML had its registration revoked by FCA at the end of May
According to Finance Magnates, Binance's UK subsidiary, Binance Markets Limited (BML), has officially withdrawn its registration with the UK FCA at the company's request. Currently, none of Binance's entities have obtained any operating licenses in the UK. The latest update from the FCA states that "BML recently submitted an application to withdraw its FCA license, which was completed on May 30, 2023. After the license is revoked, the company will no longer be authorized by the FCA. Binance Group does not have any other entities holding any form of UK authorization or registration to conduct regulated business in the UK."Voyager will reopen and return assets to creditors, VGX price up more than 10% in 24 hours
The market data shows that VGX has surged above 0.1241 US dollars in the short term, and is currently priced at 0.1156 US dollars, with a 24-hour increase of 11.37%.
BlockBeats previously reported that the cryptocurrency lending platform Voyager submitted documents to the court outlining its plan to reopen to customers from June 20 to July 5, allowing creditors to withdraw about 35% of their cryptocurrency. Voyager customers are expected to receive notifications of the reopening of the application before June 20.
Curve community initiated an on-chain vote to deploy the WBTC market with a debt ceiling of 200 million crvUSD. The vote will end on June 25th at 15:45:23.
Binance.US: SEC has never provided evidence of platform abusing customer assets
BlockBeats News, Binance.US recently stated on social media that the US SEC has never provided any evidence of its abuse of customer assets. In fact, earlier this week, the SEC's lawyer admitted in court, in response to the judge's inquiry, that they had no evidence of any such incidents.
Galaxy Research Vice President Christine Kim summarized the 111th Ethereum Core Developer Consensus Meeting (ACDC). The consensus layer team discussed the final scope of the Deneb upgrade, potential changes to validator proofs and aggregation deadlines, and a proposal to increase the maximum effective validator balance from 32 ETH to 2048 ETH.
First, developers discussed which CL-centric EIPs to include in Deneb. Teku developer Mikhail Kalinin provided updates on EIP-6988, which proposes a code change to prevent slashed validators from being selected as block proposers by the protocol.
The developers also discussed three proposals, EIP-7044, EIP-7045, and EIP-4788, to be included in Deneb. In addition, Ethereum core developers held their first coordination call regarding the launch of the Holesky testnet, which is expected to replace the current Goerli testnet by the end of the year. As for the active validators, their scale is expected to be twice that of the Ethereum mainnet.
Nike's NFT platform, SWOOSH, may collaborate with Fortnite
Nike's official social media account shared the trailer for "Ultimate Stealth Hunting" in Fortnite. At the end of the trailer, the .SWOOSH logo and Unreal Engine 4 logo appeared, along with the date "6.20". This promotional video may suggest that Fortnite will collaborate with Nike's NFT clothing platform, SWOOSH.According to official news from Blockchain Academy, OKX has become one of the strategic partners and sponsors of the "Web3 Open Course". This course covers various aspects such as blockchain basics and applications, blockchain security, smart contract development, and cloud computing. It is jointly organized by Blockchain Academy, Alibaba Cloud, Cyberport, and the Digital Finance Lab of the Hong Kong University of Science and Technology, aiming to inspire a new generation of Web3 enthusiasts.
It is reported that as an important strategic partner for the course, OKX Web3 will issue an NFT "OKX Web3 x Blockchain Academy - Web3 Innovator" together with Blockchain Academy. The holder of this NFT will receive exclusive interview channels, potential airdrop opportunities, and many other exclusive rights to motivate every participant in this course. As a world-leading Web3 technology company, OKX has been committed to building an industry-leading Web3 ecosystem. This collaboration with Blockchain Academy will deepen cooperation in talent recruitment, skills training, industry research, and other aspects, helping to promote Web3 education in Asia.
韩媒：GoPax 副总经理已被任命为新任 GoPax 首席执行官
Translation:South Korean media: GoPax's deputy general manager has been appointed as the new CEO of GoPax
According to Digital Asset, Gopax, a South Korean cryptocurrency exchange, has appointed Vice President Lee Jung-hoon as its new CEO at an emergency shareholder meeting. Leon Poong, the Asia-Pacific general manager of Binance, was dismissed from his position as CEO of Gopax by the board on June 8th.
Lee Jung-hoon joined Gopax in 2021 and led Binance's acquisition of Gopax. The appointment of a Korean CEO at Gopax is aimed at facilitating the reporting of the company's progress.
In February of this year, according to Bloomberg, Binance has acquired a majority stake in the South Korean trading platform Gopax. The funds for this acquisition come from Binance's previously launched $1 billion "industry recovery plan", and the specific terms of the acquisition have not been disclosed.
As previously reported by BlockBeats, Binance is considering having its Asia-Pacific regional head, Leon Foong, step down as the general manager of GoPax and hand over the position to Vice President Li Zhongxun to complete the acquisition of GoPax.
According to Coingecko data, Bitget's platform token BGB has surpassed GT (Gate.io platform token) and KCS (KuCoin platform token) in market capitalization for the past 30 days, with a current circulating market value of $660 million, ranking among the top five CEX platform tokens.
In the second quarter of 2023, BGB released an updated whitepaper, introducing features such as BGB super airdrop and staking BGB without withdrawal fees. Additionally, the whitepaper revealed that a BGB buyback and burn mechanism will be implemented in the future.
Binance and The Weeknd collaborate to launch the Metaverse Dimension
Binance has recently collaborated with popular artist The Weeknd to launch a metaverse world called "Metaverse Dimension". Users can participate in treasure hunt challenges, unlock exclusive areas, content, and rewards, and "bring The Weeknd's creative world to life in a new way". Binance stated that users who solve puzzles in the metaverse may win tickets to future Weeknd concerts and exclusive merchandise.CryptoPunk #8611 was burned for about 50 ETH and the same image inscription was minted on Bitcoin
According to Decrypt, at 11:15:23 on June 18th Beijing time, CryptoPunk #8611 was burned for a price of 54.49 ETH (about $95,000) and an inscription #12,456,749 with the same image was minted on Bitcoin. It is reported that the Bitcoin Bandits community raised funds to purchase CryptoPunk #8611, and the destruction was supported by about 150 members of the community. The ultimate goal of the destruction of CryptoPunk #8611 is to create a series of Ordinals inscriptions, corresponding to partial ownership of CryptoPunks #8611.Viewpoint
慢雾：过去一周 Web3 生态因安全事件损失约 2400 万美元
Translation:SlowMist: Web3 ecosystem lost about 24 million US dollars due to security incidents in the past week
According to security firm SlowMist, the Web3 ecosystem has lost approximately $24 million in the past week due to security incidents. This includes Atlantis Loans, Ben Armstrong, TrustTheTrident, FPG, Sturdy, Pawnfi, Move VM, Hashflow, DEP/USDT and LEV/USDC, and Midas Capital, totaling $23,795,800.According to The Daily Hodl, Balaji Srinivasan, former CTO of Coinbase, said in an interview on the Impact Theory podcast that "countries may decide to seize digital assets in the future in an attempt to recover from economic turmoil. If G7 countries decide to allow the confiscation of digital assets, tech giants such as Apple, Microsoft, and Google can lend a hand. Tech giants can easily scan our devices to find private keys and hand them over to authorities if they are ordered to do so."
Srinivasan further stated: "The biggest risk factor is actually Apple, Google, and Microsoft, because they have access to the operating system. This is actually my biggest concern: the fact is that Apple has software updates, Google can access your Google Drive, Microsoft has Windows, and if the government orders it, theoretically, they can scan your hard drive to obtain private information keys and then extract your digital assets."
数据
translates to
Data
in English.
Data: Two short-term traders' whale addresses have sold stETH and WBTC spot to realize profits
According to Spot On Chain data, two short-term traders' whale addresses have sold stETH and WBTC spot to realize profits. Among them, the whale address starting with 0x655 exchanged 2535 stETH for 4.36 million USDC 2 hours ago, with an average price of $1719. The whale address starting with 0x109 exchanged 138 WBTC for 3.65 million USDC at an average price of $26,421 in the past 22 hours.It is reported that the whale address starting with 0x655 exchanged a total of 26.3 million USDT for 15,700 stETH in less than a day on June 16. The whale address starting with 0x109 saw its profit from trading WBTC increase from $497,000 to $871,000 (investment return rate: 8.01%), and it still holds 72 WBTC in the current address.
The Block: Daily average trading volume of CEX spot has dropped to the level of early this yearAccording to data from The Block, as of June 17th, the 7-day moving average of CEX spot trading volume has dropped below $13 billion, falling to levels seen at the beginning of the year (January 8th). Additionally, in CEXs that support USD trading, Binance.US's market share for spot trading has dropped to 4.35%, with a monthly trading volume of $1.69 billion.
Wintermute proposes to withdraw 787,000 ANT from CEX and becomes the tenth largest holder
According to Look on chain's monitoring, Wintermute Trading has withdrawn 767,000 ANT (approximately $2.96 million) from OKX and Binance in the past 12 hours, becoming the tenth largest holder of ANT on the chain. The price of Aragon (ANT) has risen nearly 30% in the past three days.This week's unlocked data overview: SPACE ID will unlock over $4 million in tokens
Token Unlocks data shows that three projects will have significant token unlocks this week, with SPACE ID unlocking over $4 million worth of tokens. On June 22 at 02:39:19, Euler will unlock 147,848 EUL tokens, worth approximately $230,000, accounting for 0.544% of the total supply. At 8:00 on June 22, SPACE ID will unlock 15,152,777 ID tokens, worth approximately $4.4 million, accounting for 0.758% of the total supply. On June 25 at 8:00, Acala will unlock 4,657,534 ACA tokens, worth approximately $180,000, accounting for 0.466% of the total supply.
Ethereum Layer2 TVL rebounds to $8.41 billion, with a 7-day increase of 1.46%According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 has risen to $8.41 billion, with a 7-day increase of 1.46%. The top five locked assets are Arbitrum One ($5.45 billion, 7-day increase of 1.31%), Optimism ($1.54 billion, 7-day increase of 0.80%), zkSync Era ($508 million, 7-day increase of 14.51%), dYdX ($333 million, 7-day decrease of 1.32%), and Metis Andromeda ($93.62 million, 7-day decrease of 0.91%).
Bitcoin's market share has risen to 46.39%.
According to Coingecko data, the current Bitcoin market dominance has risen to 46.39%, while Ethereum market dominance is temporarily reported at 18.75%; the market share of the three stablecoins USDT, USDC, and BUSD is 7.54%, 2.57%, and 0.39%, respectively.Data: zkSync Era Network TVL Breaks $500 Million
L2Beat data shows that the total value locked (TVL) on zkSync Era has surpassed $500 million, with a 12% increase in the past week.
The amount of Ethereum destroyed exceeds 3.4 million coins.
Ultrasound.money data shows that the amount of Ethereum destroyed has exceeded 3.4 million coins, with a value of approximately 5.862 billion US dollars at current prices.
Blur's NFT lending platform Blend saw a trading volume of $365 million in May
According to data provided by the encryption analysis company Messari, the NFT lending platform Blend, owned by Blur, had a trading volume of $365 million in May, ranking second on the leaderboard. NFTfi ranked first with a trading volume of $391 million, followed by Bend with a trading volume of $316 million in third place.Regulation
According to Ming Pao, the Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, responded to the difficulty of virtual asset trading platforms opening bank accounts in Hong Kong by saying that there has always been communication with Hong Kong banks, but "whether there is pressure during the communication is felt differently by everyone". Because virtual assets are still a new project, the regulatory framework and operational requirements of banks have always been aimed at traditional financial businesses, so the industry also needs to constantly update its understanding and clarify its regulatory expectations to the authorities. He pointed out that once financial institutions obtain a license, their operations are reviewed by regulatory agencies, and the authorities have anti-money laundering and customer review requirements for banks. Banks need to follow the principle of "risk-based" and have their own review procedures for each customer before deciding whether to open an account or not.
BlockBeats previously reported that according to sources, at a meeting in May, the Hong Kong Monetary Authority questioned British and Chinese banks for not accepting cryptocurrency trading platforms as clients, and is pressuring banks including HSBC and Standard Chartered to accept cryptocurrency trading platforms as clients.
The Chairman of the Hong Kong FinTech Association, Neil Tan, stated that due to the challenging regulatory environment in the United States, cryptocurrency companies are being forced to explore more friendly jurisdictions. Hong Kong, with its strategic position as a gateway to China and strong funding channels, is enhancing its ambition to become a leader in the virtual asset field. However, Hong Kong faces fierce competition from Dubai and Singapore.
Tan said that other jurisdictions have regressed in terms of access for retail investors, while Hong Kong is leading the way in this area. We will see different participants entering the field, including the cryptocurrency and TradFi sectors. There are many other applicants, including Greentown Holdings. This is a real estate participant without experience in cryptocurrencies or digital assets, but they have expressed a desire to apply for a license.
According to Forkast, Lasanka Perera, CEO of Independent Reserve, an Australian cryptocurrency exchange, stated in an interview that the exchange may establish an office in Hong Kong in the "coming months" and is also looking at "several other" jurisdictions in Southeast Asia. The exchange is known for serving institutional clients.
Perera stated that Hong Kong is a very active financial center with a strong capital market, making it a gateway to the Greater China region and a very attractive business opportunity. Singapore also has a very active capital market, but investors here are more focused on capital preservation and asset protection, so they may not be as active in allocation and risk-taking.
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