Web3 Daily｜Wintermute Trading transfers 10 million BLUR tokens to Kraken; zkSync Era surpasses 1 million user addresses.
Top News:
1. Circle CEO: The company is closely monitoring the regulatory developments in Hong Kong;
2. Wintermute Trading transferred 10 million BLUR to Kraken 12 hours ago;
3. zkSync Era network user addresses have exceeded 1 million;
4. The grayscale GBTC negative premium rate narrowed to 33.55%;
5. NFT trading platform Tegro completed seed round financing with a valuation of $100 million, with participation from Polygon Ventures and others;
Project Updates
Binance will open trading for Maverick Protocol (MAV) on June 28 at 16:00
On June 27th, according to official sources, Binance will launch Maverick Protocol (MAV) on June 28th at 16:00 Beijing time, and open trading pairs for MAV/BTC, MAV/USDT, and MAV/TUSD.
As previously reported by BlockBeats, on June 13th, Binance announced the launch of the new project Maverick Protocol (MAV) on Launchpool. Users can deposit BNB and TUSD into the MAV mining pool on the Launchpad website after 08:00 on June 14th, 2023 to receive MAV rewards. MAV can be mined for a total of 25 days.
On June 27th, according to Coindesk, the latest report submitted on Monday showed that the platform has recovered about $7 billion in liquid assets so far and is expected to recover more assets.
In addition, John J. Ray III, the new CEO of FTX, who took over the platform, conducted further investigations into FTX's situation in 2022 in the report. He stated that FTX owes customers $8.7 billion after mixing and misusing customer deposits, and executives have been concealing this issue since August 2022.
FTX created a fake customer account on their platform, which the executives referred to as "a friend's account from Korea". The account showed that the executives' "Korean friend" owed FTX platform 8.9 billion US dollars. The executives lied to banks and auditors, executed false documents, and moved FTX Group out of the jurisdiction of the jurisdiction, flying from the United States to Hong Kong and then to the Bahamas, constantly trying to avoid being caught for their misconduct.
OKX has launched "Nitro Spread", which allows for one-click "arbitrage" trading.
On June 27th, according to CoinDesk, the cryptocurrency trading platform OKX launched the "Nitro Spread" feature, which is a feature of its over-the-counter (OTC) institutional liquidity market that allows traders to easily engage in complex basis trading. Basis trading refers to the practice of profiting from the price difference of assets traded on two different markets, such as the spot market and the futures market. OKX's Nitro Spread automates this type of trading into a one-click process. The company stated that traders can apply this feature to any combination of spot, perpetual, and futures contracts listed on the trading platform.HSBC will support users to trade cryptocurrency futures ETF as early as December 2022.
On June 27th, it was rumored that "HSBC supports customers trading Bitcoin and Ethereum ETFs". After verification by BlockBeats, CSOP Bitcoin Futures ETF (3066) and CSOP Ethereum Futures ETF (3068) were listed on the Hong Kong Stock Exchange (HKEX) in December 2022, and are not new ETFs.
According to public information, the market intermediaries and consenting investor participants of the two ETFs, including HSBC, Standard Chartered Bank, China Merchants Bank, China Construction Bank, and Citibank, have been included since their listing.
CNBC: WisdomTree's Bitcoin ETF application has been rejected
On June 27th, according to CNBC, asset management company WisdomTree's spot Bitcoin ETF was rejected for not complying with data sharing agreement requirements. BlockBeats previously reported that on June 21st, asset management company WisdomTree resubmitted its application for a spot Bitcoin ETF.
On June 27th, according to an official announcement from Upbit, BLUR digital asset will be added to the Korean won market. Trading support is expected to start at 14:00 on June 27th. Only deposits from the Ethereum network are supported.
On June 27th, according to an official announcement, Bitcoin mining company Riot Platforms ordered 33,280 of the latest Bitcoin mining machines from MicroBT, with a total value of $162.9 million and a cost of approximately $21.5 per T. The agreement stipulates that the new mining machines will be delivered starting from December 2023, and the deployment of the machines is planned to begin in the first quarter of 2024.
The ordered 33,280 mining machines are expected to be fully deployed by mid-2024, and Riot's self-mining computing power will be enhanced. It is expected to increase to 20.1 EH/s. In addition, the agreement also includes an option to purchase up to an additional 66,560 mining machines under the same conditions.
On June 27th, according to official sources, Solana Foundation announced its partnership with TinTinLand ecosystem and will provide support for the Rust online development course launched by TinTinLand. The course aims to encourage more developers to join Web3. Developers who complete the course and actively share their knowledge will have the opportunity to become Solana Chinese technical ambassadors and technical community managers.
Damus: Apple App Store to remove Damus this Tuesday, will continue to appeal
On June 27th, Damus official account posted on social media that even though Damus has updated its application and clearly stated that paying users will not unlock any digital content, Apple App Store still decided to remove Damus on Tuesday. Damus will continue to appeal against this decision.
BlockBeats previously reported that on June 13th, Apple requested that Damus be removed from the App Store within 14 days because Damus supports the use of Zap function to earn Bitcoin by posting (i.e. friend lightning network tipping function). Apple believes that the application allows users to send "tips" related to digital content creators instead of using in-app purchase mechanism.
Bitmain launches new Antminer S19j XP, expected to ship in Q4
On June 27th, Bitmain announced the launch of a new Antminer S19j XP, with a power consumption ratio of 21.5J/T and a computing power of 151T. The machine was available for purchase starting from June 26th, Beijing time, and is expected to be shipped in the fourth quarter of this year. In addition, Bitmain will also provide additional computing power as a gift for customers who purchase in bulk.
OKX Web3 wallet launches Bitcoin UTXO management feature for transfers
On June 27th, according to official sources, OKX Web3 wallet has launched the Bitcoin transfer UTXO management function. When users transfer BTC, they can use this function to view and manage the UTXOs occupied by Ordinals inscriptions, thereby releasing BTC liquidity. Currently, OKX Web3 wallet is the first multi-chain wallet to support this function on both mobile and plugin platforms.
It is reported that with the development of the Ordinals ecosystem, more and more Bitcoin inscriptions are appearing. Some of the abandoned Ordinals inscriptions may occupy UTXOs, which can cause users to have some unusable balances and unable to conduct normal BTC transfers. This feature allows users to easily view the assets occupied by Ordinals inscriptions, and manage UTXOs by releasing and restoring them. However, it should be noted that the released UTXOs will be treated as normal balances consumed, and users need to confirm that the NFTs contained in the released UTXOs are abandoned assets.
On June 27th, according to the Korean cryptocurrency media blockchaintoday, the Klaytn Foundation has established a partnership with zkSync Era developer Matter Labs. The two parties will seek to establish a Layer2 network on Klaytn and build Hyperchain infrastructure on Klaytn using Matter Labs' latest development tool "ZK Stack". Future plans include strengthening the scalability of the Klaytn mainnet and promoting the establishment of a more stable ecosystem infrastructure.
Bithumb will waive Bitcoin market transaction fees starting from June 28th
On June 27th, according to Korean media Hankyung, Bithumb, a Korean cryptocurrency exchange, will waive trading fees for the Bitcoin (BTC) market starting from June 28th until further notice.
Viewpoint
Jumbo whale trader KOL: Sui Foundation did not disclose the true token emission, SUI holders' holdings may be diluted by 20% per monthOn June 27th, @DefiSquared, one of the top 10 whale wallet traders on DeBank, posted on social media that the Sui Foundation was intentionally distorting the SUI emission rate. There is evidence that the Sui team is transferring "locked" and "non-circulating" SUI staking rewards to Binance for sale. @DefiSquared stated that the actual supply of SUI is increasing every day, including emissions from "locked" SUI allocations (such as VC shares), which are freely unlocked and unrestricted.
Pledge release is equivalent to releasing approximately 33,000,000 additional SUI per month. Out of the circulating supply of 600 million SUI, around 250 million are non-basic circulating supply. This means that these release amounts have increased by 10% in the non-basic circulating supply. In addition to the monthly token supply, there are also 37 million non-basic circulating SUI from Launchpad each month. This means that if investors hold SUI, their holdings will be diluted by approximately 20% per month.
Furthermore, according to on-chain data, the SUI Foundation, which holds nearly 3 billion non-circulating and locked-up pledged SUI (6 times the entire circulating supply), is publicly selling unlocked rewards on the market. The foundation address (holding 2.7 billion SUI) has sent 27,000,000 SUI to the Binance platform.
On June 27th, according to The Block, Bahamian real estate expenditures exceeded $243 million, according to the second report released by FTX debtors on Monday. SBF spent millions of dollars of mixed customer funds over two years to purchase properties for employees, their friends, and family.
This includes a top-floor apartment in the 11,500 square foot Albanian resort community with six bedrooms, which is the residence of FTX founder and team members Caroline Ellison, Nishad Singh, and Gary Wang.
The purchase of properties, including units in the "Albany Hive" and the "Old Fort Bay A Lot," cost more than $18 million and $16 million, respectively.
On June 27th, Coinbase CEO Brian Armstrong posted on social media that the United States is wasting its early lead, partly because SBF has made some politicians and regulatory agencies who now want to appear tough on cryptocurrency feel embarrassed. Others are moving forward, while places like the UK and the UAE are not really discussing FTX. The solution to this problem is to establish reasonable regulations, so that consumers can be protected and these issues can be stopped.
Circle CEO: The company is closely monitoring regulatory developments in Hong Kong.
On June 27th, according to Bloomberg, Jeremy Allaire, co-founder and CEO of US-based stablecoin issuer Circle, stated during an interview at the 2023 Tianjin Summer Davos Forum that the company is closely monitoring regulatory developments in Hong Kong following the implementation of new crypto regulations.
Allaire stated: "Hong Kong is clearly seeking to establish itself as an important digital asset market and stablecoin center, and there is significant demand for USD stablecoins in Asia and emerging markets. We are closely monitoring the situation."
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Wintermute Trading transferred 10 million BLUR to Kraken 12 hours ago.
On June 27th, according to Look On Chain's monitoring, Wintermute Trading received 10 million BLUR coins (approximately 4.2 million US dollars) from a Coinbase-hosted wallet and deposited them into Kraken about 12 hours ago. Additionally, after BLUR's rise, Wintermute Trading deposited 2.1 million BLUR coins (worth approximately 895,000 US dollars) into Coinbase.
Multiple whale addresses are increasing their holdings of ARB.
On June 27th, according to Lookonchain's monitoring, multiple whale addresses are heavily increasing their holdings of ARB. Among them, the whale address starting with "0xb28f" spent 200 ETH at a price of 1.16 USD to increase their holdings by 321,934 ARB, which is the same address that purchased 538,558 ARB on June 10th for 300 ETH at a price of 0.98 USD. The whale address starting with "0x79cc" spent 1,058,665 USDC at a price of 1.13 USD to purchase 937,176 ARB about 10 hours ago. As of the time of writing, ARB is trading at 1.2107 USD, with a 24-hour increase of 10.40%.zkSync Era network user addresses exceed 1 million
On June 27th, according to Dune Analytics data, the number of user addresses (referring to transferring funds to zkSync Era network addresses) on the zkSync Era network has exceeded 1 million. As of the time of writing, the total locked-in amount on the network is 639 million US dollars.
Two whale addresses suspected of using recursive borrowing to go long on ETH in Aave
On June 27th, according to Lookonchain monitoring, two whale addresses (possibly the same person) went long on ETH on Aave using a flash loan 7 hours ago, continuously buying ETH by depositing and borrowing stETH. They deposited a total of 14,771 stETH and borrowed stablecoins worth $14.5 million.
Grayscale's GBTC and ETHE are expected to generate monthly revenue of $44.13 million, potentially achieving their best performance in nearly a year.On June 27th, according to data from The Block, digital asset management company Grayscale Investments is expected to receive approximately $44.13 million in revenue this month through its Bitcoin Trust (GBTC) and Ethereum fund ETHE. This calculation is based on the total amount of US dollars held by the funds each month multiplied by Grayscale's fees. The annual fee for GBTC is 2%, and the annual fee for ETHE is 2.5%. (This performance is also partly benefited from the rise in cryptocurrency prices.)
Data: Whale address starting with 0x5a8 transferred 100,000 AAVE to CEX 3 hours ago
On June 27th, according to Spot On Chain monitoring, a whale address starting with 0x5a8 deposited 100,000 AAVE (worth approximately $6.3 million) to multiple trading platforms through several intermediate addresses three hours ago. It is reported that the address has transferred a total of 162,000 AAVE (worth approximately $10.4 million) in the past 24 hours and currently holds 312,600 AAVE (approximately $19.66 million).Gray-scale GBTC negative premium rate narrowed to 33.55%
On June 27th, according to Coinglass data, the current total position of Grayscale is 21.306 billion US dollars, with a daily increase of 1.13%. The Grayscale GBTC negative premium rate has narrowed to 33.55%. The premium rates of other mainstream currency trusts are as follows: ETH: -48.38%; ETC: -57.68%; LTC: -44.13%; BCH: -15.23%.
On June 27th, the Ethereum Layer2 scaling development team StarkWare announced that the cumulative transaction volume of StarkEx has approached $1 trillion. In addition, StarkWare announced the launch of the StarkEx bug bounty program on Immunefi, with a maximum bounty of $1 million.
Funding
On June 27th, NFT trading platform Tegro completed its seed round financing with a valuation of $100 million. The specific amount of financing has not been disclosed. Polygon Ventures and a group of private investment institutions participated in the investment.
Tegro was co-founded by Siddharth Menon, former co-founder of cryptocurrency trading platform WazirX, and Ashish Rawat, founder of fitness startup OGA Fit. Tegro supports the NFT-20 protocol, which allows users to establish and manage decentralized NFT markets. These markets provide liquidity services, pricing, and order matching, allowing users to track their investment portfolios and monitor the value of their NFTs.
Web3 gaming studio Pixion Games completes $5.5 million seed round financing, with participation from Shima CapitalOn June 27th, according to CoinDesk, Web3 game studio Pixion Games completed a $5.5 million seed round of financing, with investors including Avalanche Foundation's Blizzard Fund, Shima Capital, and ReadyPlayerDAO. Pixion plans to use the funds from this round of financing to continue investing in the development of its role-playing action game "Fableborne".
Delysium announced that it has received strategic investment from Polygon and plans to use generative AI to create a virtual society where 1 billion people and 100 billion AI virtual humans live together.On June 27th, according to official sources, Delysium announced that it has received strategic investment from Polygon and released an interoperable AI-Powered OpenWorld Framework. Delysium will use generative AI to create a virtual society where 1 billion people and 100 billion AI virtual beings can coexist, focusing on the multi-chain ecosystem. It is reported that the AI-Powered OpenWorld Framework released by Delysium has two key elements: one is the Delysium AI technology platform used to create generative worlds, and the other is the content ecosystem composed of various content, applications, and protocols.
Among them, Delysium AI aims to use generative AI technology to support and create various AI applications, and will also quickly support third-party developers to create and deploy their own AI ideas and products in the future, jointly creating a more intelligent generative AI ecosystem.
At the same time, the content ecosystem composed of various contents, applications, and protocols not only includes a series of AI-driven applications, such as the world's first AI-driven Web3 operating system Lucy and the upcoming AI-DID identity system AI-Twins, but also covers rich immersive virtual experiences, such as Delysium: Center City, and a "decentralized distribution protocol" that allows everyone to fully spread their creativity and values in Web3 in a more democratic way.
Regulation
Hong Kong Virtual Asset Rating Agency HKVAC announces virtual asset index calculation method
On June 27th, Hong Kong virtual asset rating agency HKVAC announced the calculation method of virtual asset index, including calculation logic, framework, algorithm, etc. The first batch of 30 currencies included in the index are WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS. HKVAC will review the currencies at the end of each quarter, and the results will be announced two weeks after the end of the quarter and implemented three weeks after the end of the quarter.On June 27th, according to Nikkei News, Japan announced that its Financial Services Agency chief, Junichi Nakajima, had resigned and appointed Comprehensive Policy Bureau Director Teruhiko Kurita as his successor on July 4th. Teruhiko Kurita, 59, is currently the Director of the Strategic Development and Management Bureau, a department under the Financial Services Agency that specializes in handling cryptocurrency and fintech issues.
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