Web3 Daily | Volatility Shares to launch the first leveraged Bitcoin futures ETF; Azuki introduces new series of NFTs.
Selected News:
1. OPNX will soon announce its first Launchpad project and is about to launch a credit stablecoin called oUSD.
2.Optimism has been renamed to OP Mainnet;
3. Azuki has launched the Azuki Elementals series of NFTs, and Azuki and BEANZ holders are eligible to participate in the presale.
4. Volatility Shares will launch the first leveraged Bitcoin futures ETF next Tuesday.
Project Updates
Users can purchase unlimited oUSD at a 1:1 ratio with USDT from the protocol and trade futures with non-stablecoin collateral. Profitable traders can cash out by selling oUSD on the oUSDT/USDT market or exchanging it from the protocol, while losing traders can repay negative oUSD balances by buying oUSD on the oUSDT/USDT market or from the protocol. 100% of the USDT controlled by oUSD will be available for a 1:1 oUSD:USDT exchange.
Optimism has been renamed to OP Mainnet
Ethereum Layer 2 network Optimism announced on its official social media that the network has been renamed to OP Mainnet, in order to distinguish the OP Mainnet blockchain itself from the collective, atmosphere, and spirit contained in Optimism.
NFT project Azuki announced on social media the launch of the Azuki Elementals series NFT, with a total of 20,000 pieces.
Each Azuki and BEANZ holder will receive a Soulbound Token (SBT) airdrop to commemorate their participation in the 2023 Follow The Rabbit event. All Azuki and BEANZ holders can participate in the Azuki Elementals presale on June 27 at 9:00 AM Pacific Time (June 28 at 0:00 Beijing Time).
In addition, each Azuki holder has been airdropped an undisclosed and locked element. The remaining NFTs will be sold during the Azuki Elementals public sale, at which time the undisclosed NFTs will be unlocked and transferable, and can be made public immediately after the sale ends.
Investors claim that Wintermute played a key role in supporting CEL during Mashinsky's futile efforts after the collapse of Terra and Luna Token in May 2022. "This fraudulent trading activity undermines the price of CEL Token, as well as the reported trading volume, all of which are a deceptive strategy to defraud investors," the investors' lawyer stated in the lawsuit.
A Wintermute spokesperson stated in an email, "Wintermute strongly denies any involvement in any improper trading."
Volatility Shares will launch the first leveraged Bitcoin futures ETF next Tuesday.
According to The Block, Volatility Shares will launch its 2x Bitcoin Strategy ETF next Tuesday. Previously, its application was not rejected by the US Securities and Exchange Commission (SEC) and became effective on Friday. Stuart Barton, Chief Investment Officer of Volatility Shares, stated in an email that the ETF will begin trading on Tuesday, seeking to provide a daily return of twice the Bitcoin futures index.
According to the prospectus, the fund will not directly invest in Bitcoin, but instead "seeks to benefit from the rise in Bitcoin futures contract prices." The SEC has previously approved Bitcoin futures ETFs, but has not yet approved spot ETFs. In the past week, companies including WisdomTree, Invesco, and BlackRock have all submitted applications for Bitcoin spot ETFs.
Coinbase adds support for USDC on the Stellar network
The Stellar Development Foundation (SDF) announced that Coinbase has added support for USDC on the Stellar network, providing deposit and withdrawal services for USDC on the Stellar network.
SDF stated that Coinbase's support for USDC on Stellar will allow for faster and cheaper transactions. Specifically, USDC on Stellar can offer "near-zero" transaction costs and can complete transactions in as little as five seconds.
Voyager started processing user withdrawals two hours ago
According to on-chain analyst Yu Jin's monitoring, Voyager began processing user withdrawals two hours ago. Users can claim and withdraw 35.72% of their tokens from June 20th to July 5th, or choose to have Voyager sell the tokens and compensate them in fiat currency after 30 days. As previously reported by BlockBeats, on June 15th, Voyager submitted documents to the court outlining their plan to reopen the platform to customers from June 20th to July 5th, allowing creditors to withdraw approximately 35% of their cryptocurrency holdings.Bloomberg, Dow Jones & Company, New York Times Company, and Financial Times and other media organizations appealed a court ruling on Friday that allowed bankrupt cryptocurrency exchange FTX to keep customer names confidential in its bankruptcy case. Their lawyers argued that FTX had no right to a "novel and comprehensive exception" to the typical disclosure requirements of bankruptcy just because its customers use cryptocurrency.
US bankruptcy judge John Dorsey in Wilmington, Delaware, ruled earlier this month that FTX did not have to disclose the names of its customers because doing so could expose them to identity theft and other scams. Bankrupt companies are typically required to disclose the names of their creditors and the amount of debt they hold, including debts owed by individual customers, but US bankruptcy law has an exception for information that could pose a risk of identity theft or other harm.
FTX believes that cryptocurrency users face higher risks of fraud and identity theft, citing the recent bankruptcy of cryptocurrency lending institution Celsius Network as an example of the kind of scams that can occur when customers' names are leaked. According to court documents filed by FTX, after a judge in the Celsius case ordered the disclosure of customer names, Celsius users found that phishing attacks by scammers impersonating bankruptcy lawyers and Celsius employees increased. FTX says that if their names are leaked, approximately 9 million users could become targets of fraud.
Applied Digital, a crypto mining company, signs a $460 million AI hosting agreement
Encryption mining company Applied Digital announced that its recently launched AI cloud service through its wholly-owned subsidiary Sai Computing has secured its second AI client, with a contract value of up to $460 million over a period of 36 months.
Last month, Applied Digital announced the launch of its cloud service, providing high-performance computing capabilities for AI applications. Along with the launch of the AI cloud service, the company announced the signing of its first AI client, with a contract value of up to $180 million over a period of 24 months.
Nike's NFT platform .SWOOSH, under the Nike brand, has partnered with "Fortnite" to launch the metaverse Airphoria, inspired by the Air Max sneakers. The platform will be open from June 21 to June 27. Players who play Airphoria for 10 minutes or longer will receive the Air Max 1 '86 Back Bling.
Japanese social gaming giant GREE will become a Sui validator and develop Web3 games.
Japanese social gaming giant GREE has announced that it has signed a strategic cooperation memorandum of understanding with Layer1 blockchain Sui developer Mysten Labs. According to the memorandum, GREE's wholly-owned subsidiary BLRD in Singapore will become a validator node for Sui. In addition, GREE plans to use domestic intellectual property (IP) in Japan to develop Web3-based games and deploy them on Sui.
Bitget sets up graffiti wall in Messi's hometown to celebrate official partnership
Viewpoint
Bloomberg's senior macro strategist, Mike McGlone, posted on social media that since 2021, the key price of Bitcoin has been around $30,000. At that time, the price increase of most risk assets benefited from the largest historical increase in currency supply. The problem of current liquidity still exists, and most central banks chose to continue tightening monetary policy in June, despite the rebound of risk assets due to the mild recession in the United States and the hope of "Fed's loose policy", they are still in a difficult situation.
The chart shows that the recent rise of Bitcoin has lagged behind the Nasdaq 100 Index, which may have already peaked, while the one-year Federal Fund Futures (FF13) show little potential for increased liquidity.
Bloomberg Economics believes that the launch of a spot Bitcoin ETF in the United States is a matter of time. BlackRock's application to launch such a fund seems to have accelerated the process, but it may not be launched in 2023, and the United States is expected to enter a recession in the coming months.
Mike McGlone added that he believes the potential launch of an ETF will not protect Bitcoin from the impact of a US economic recession, a potential bear market in stocks, and central bank monetary policy, as well as lessons from negative liquidity and economic contraction.
何一：「BNB Chain 全组被裁」系谣言，POR 可以证明 Binance 没有挪用用户资产
Translation:Binance co-founder He Yi responded to rumors circulating in the market recently, such as "BNB Chain's entire team has been laid off, leaving only some marketing and BD personnel." He stated on social media that the rumors surrounding BNB in the Chinese community have been particularly severe recently, and that the rumor of "BNB Chain's entire team being laid off, leaving no technical personnel" is false.
In addition, regarding the issue of asset misappropriation, He Yi responded that POR can prove it themselves, and the on-chain address can also be checked. The US court ruled that there was no evidence of asset misappropriation by Binance.US.
数据
translates to
Data
in English.
Data: Jump Trading increased holdings of MASK, LDO, LEVER, and PERP in the past week.
According to Lookonchain's monitoring, Jump Trading has been increasing its holdings of MASK, LDO, LEVER, and PERP over the past week. Jump Trading currently holds 1.59 million MASK tokens (worth $6.15 million), 1.09 million LDO tokens (worth $2.11 million), 509 million LEVER tokens (worth $68,600), and 1.07 million PERP tokens (worth $54,500).OPNX native Token OX rose above 0.0308 US dollars, with a 24-hour increase of 3.2%According to CoinGecko data, the OPNX native token OX has risen and broken through $0.0308. As of 11:03, it was quoted at $0.03083713, with a 24-hour increase of 3.2%. BlockBeats previously reported that OPNX will soon announce its first Launchpad project and will soon launch a credit stablecoin called oUSD.
Data: A whale starting with 0xf28 opened a $4 million TUSD short position on Aave
According to on-chain data, a whale address starting with 0xf28 deposited $7.5 million USDC as collateral and borrowed 4 million TUSD on Aave yesterday. The borrowed TUSD was immediately exchanged for USDC using 1inch. BlockBeats previously reported that TrueUSD announced on June 10 that it had temporarily stopped minting TUSD through Prime Trust, pending further notice. Yesterday, Prime Trust announced that it had received a regulatory order from the state of Nevada to stop all fiat and crypto deposits and withdrawals. In addition, crypto custodian BitGo announced yesterday that it had decided to terminate its acquisition of Prime Trust.According to the on-chain data analyst Yu Jin, the MASK Foundation has transferred a total of 4 million MASK tokens to CEX in the past two days, worth approximately $15.2 million. Among them, 1.5 million tokens were directly transferred by the foundation to three Binance deposit addresses, while 2.5 million tokens were transferred to DWF Labs via the 0x157 address, with 1.65 million going to an OKX deposit address marked as DWF Labs and 0.85 million going to a Binance deposit address also marked as DWF Labs.
Data: etherealcapital.eth removed over $6 million worth of RPL from liquidity pool 7 hours ago
According to Spot On Chain, etherealcapital.eth removed 152,731 RPL (approximately $6.22 million) from the liquidity pool 7 hours ago, and then transferred 6,270 RPL (approximately $255,000) to a new wallet 0x6fe. 6 hours ago, they exchanged 270 RPL for 5.72 ETH at an average price of $40.54, totaling approximately $10,900. Currently, the address holds 406,000 RPL (approximately $16.4 million). From April 19 to June 11, etherealcapital.eth accumulated 404,300 RPL from Kraken and 1inch at an average buy price of $47.4, totaling approximately $19.2 million. In the WETH-RPL liquidity pool, they exchanged 209 ETH (approximately $395,000) for 10,200 RPL. Since May 29, they have sold 7,922 RPL (approximately $386,000) at an average price of $48.7 to exchange for 205 ETH. The expected realized profit is $54,800, with an investment return rate of 16.5%.According to The Block, the amount of USDC used as collateral for MakerDAO's Peg Stabilization Module (PSM) has significantly decreased since the beginning of this year. PSM allows users to deposit USDC at a 1:1 ratio and mint DAI, helping to maintain the stablecoin's peg to the US dollar. Data from DeFiLlama shows that in January 2023, approximately $2.4 billion USDC was locked in PSM. Now, this number has decreased to around $520 million, indicating a 78% decrease in the amount of USDC directly supporting DAI. Additionally, USDC's overall share in DAI's collateral reserves has decreased from around 50% to 8%.
The core team stated that the main reason for the decrease in USDC share is that MakerDAO is diversifying its balance sheet. MakerDAO has used $1 billion worth of USDC reserves to purchase US government bonds and transferred $500 million worth of USDC to Coinbase Custody for yield. Meanwhile, the share of Ethereum derivatives in DAI collateral has surged. There are currently a total of $4.3 billion worth of WETH and wstETH, accounting for 68% of the total collateral.
Regulation
巴西最大加密交易平台 Mercado Bitcoin 获准参与该国 CBDC 试点项目 Translation:
According to CoinDesk, the Brazilian central bank has authorized the country's largest cryptocurrency trading platform, Mercado Bitcoin, to participate in the CBDC pilot project.
Earlier this year in May, BlockBeats reported that the Brazilian central bank had selected 14 institutions to participate in the CBDC pilot project, including major local private banks such as Bradesco, Nubank, and Ita Unibanco, as well as Brazil's largest bank, Banco do Brasil, and the local stock exchange, B3. Multinational companies such as Visa and Microsoft were also selected to participate in the project.
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