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Web3 Daily | Fidelity has officially submitted a Bitcoin spot ETF application; Azuki Elemental may change its graphics.

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Important Cryptocurrency Industry News Summary for June 30th

Top News:

1. Fidelity has officially submitted a Bitcoin spot ETF application;

2. Azuki Community Meeting: Elemental may change its logo;

3. Hash Global Labs has completed the acquisition of the NFT project Maodao and restructured it into a comprehensive entertainment community.

4. Melania Trump is about to launch an NFT series called "The 1776 Collection" to celebrate Independence Day.

5. Sui Development Company airdropped NFT Generation 0 Bullsharks to early users;

6. Ubisoft will launch the blockchain game Champions Tactics on the Oasys blockchain.


Project Updates 


富达已正式提交比特币现货 ETF 申请 Translation:

Fidelity has officially submitted a Bitcoin spot ETF application

According to CNBC, financial services giant Fidelity has once again submitted an application for a Bitcoin spot ETF. It is reported that Fidelity stated in the application that its Wise Bitcoin Trust, a spot Bitcoin ETF, will help US investors mitigate risks. BlockBeats notes that Fidelity previously applied for a Bitcoin spot ETF in 2021, but was ultimately rejected by the SEC in early 2022.

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Azuki Community Meeting: Elemental may change its logo

NFT KOL CirrusNFT summarized the content of the Azuki community meeting in a social media post. The Azuki team announced plans to release a community vote to discuss the details of updating the Elementals background, ensuring that Elementals are distinct from OG Azuki.

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Hash Global Labs has completed the acquisition of NFT project Maodao and restructured it into a comprehensive entertainment community.

Hash Global Labs has completed the acquisition of NFT project Maodao and will restructure it into a comprehensive entertainment community. The existing treasury funds will be used entirely for community development. HG Labs stated that it will devote the next decade to building Maodao into a top-notch Eastern Web3 native IP, with its brand positioning fully upgraded to a comprehensive entertainment community. According to the announcement, the existing treasury funds of Maodao will be used entirely for community development. HG Labs hopes to contribute tens of millions of users to the Web3 ecosystem through Maodao within three years and is committed to building Maodao into a top-notch Eastern Web3 native IP, with its brand positioning fully upgraded to a comprehensive entertainment community.


Maodao will establish a new community council, and the original founder, Xiao Mao, will remain in the first council to continue to help Maodao and HG Labs develop. The first council members include: the only art founder Geoffrey Tong, Elephant Point founder Felix Wu, Shanghai Insight founder Erik Zhang, Starrise Media partner and producer FG, Hash Global founder KK, etc.


Hash Global Labs founder KK said, "In the future, we will land in Hong Kong and Singapore to practice various business models of Web3: community co-construction of IP, fan clubs, private traffic management and distribution, as well as creator ecology, striving to find a sustainable business path with actual products and external economic value inflow for Web3 IP and PFP (Profile Picture) communities. There will be more announcements on August 9th, the 2nd anniversary of Maodao's birth."


Sui Development Company airdrops NFT Generation 0 Bullsharks to early users

Sui development company Mysten Labs is airdropping dynamic NFT Generation 0 Bullsharks rewards to ACES (Active Contributors and Early Supporters) to recognize their efforts in helping Sui mainnet become a reality. The rewards will be directly shared to the wallets of 380,000 ACES program members. The Generation 0 Bullsharks (and their descendants) are membership badges of the ACES program, allowing holders to earn SUI tokens and gain access to other unique experiences in the future. Users can sell or purchase Gen 0 Bullsharks on the market supporting Sui Kiosk (currently Hyperspace).

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Lido's proposal for the 20,000 ETH in the staking treasury has begun voting, with an expected annual revenue of $2 million.

The Lido community has initiated a vote on the proposal to stake 20,000 ETH from the protocol treasury, with the aim of creating productive assets to offset operational costs.

If the proposal is approved, based on the current yield (approximately 4%-6% per year), the protocol will earn an additional $2 million per year. All members of the Lido financial management committee voted in favor of the proposal.

As previously reported by BlockBeats, on May 30th, the Lido DAO financial working group Steakhouse submitted a popular governance proposal TMC-0, suggesting staking all of the treasury ETH in Lido.

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Base: The internal and external audits have been completed, and the mainnet launch standard is only waiting for the verification of the stability of the test network.

Coinbase Layer2 network Base announced that it has completed internal and external audits. Four out of the five mainnet launch criteria listed earlier have been completed, with only the verification of testnet stability remaining.

Base stated that over the past six months, the protocol security team has worked closely with OP Labs to enhance the security of Base and Optimism, including auditing all Optimism pre-deployments and contracts on L1 and L2 to identify vulnerabilities and risks in the technology stack, and using fuzz testing methods on key components such as the L2 bridge and sequencer. 


Base announced that it hired over 100 security researchers through Code4rena's public smart contract audit competition to search for and report any bugs in OP Stack, and no major vulnerabilities were found. Currently, they are ensuring appropriate action is taken for any reported information or minor issues.

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Azuki Green Beans only available to OG, will be used in sync with the animation release

NFT KOL CirrusNFT summarized the content of the Azuki community meeting on social media. The Azuki team stated that the Azuki animation series is currently in production, and Azuki Green Beans will be released simultaneously with the animation, which can only be obtained by OG Azuki.

As previously reported by BlockBeats, on June 28th, according to an official announcement, Azuki will launch a new NFT series called GreenBean with a total supply of 10,000.

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The Chicago Mercantile Exchange (CME) will launch ETH/BTC ratio futures, pending regulatory approval.

According to official sources, CME will launch ETH/BTC ratio futures, also known as Ether/Bitcoin Ratio futures (EBR), and plans to start selling them from July 31st, pending regulatory approval. CME stated that with EBR, market participants can effectively execute relative value trades between Ethereum futures and Bitcoin futures contracts in a single transaction. This new contract will allow investors to gain exposure to cryptocurrencies without taking directional views, with a contract size of $1 million.

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BIS Innovation Hub and Singapore and other countries launch tokenized foreign exchange trading and settlement project using AMM mechanism

According to the official website of the Bank for International Settlements (BIS), the BIS Innovation Hub, together with the Swiss National Bank, Banque de France, and the Monetary Authority of Singapore, has launched the Mariana project for tokenized foreign exchange trading and settlement. The project combines wholesale central bank digital currencies (wCBDCs) issued by central banks around the world and draws on the hybrid functional market maker (HFMM) mechanism used in Curve v2, with the aim of improving the effectiveness, security, and transparency of foreign exchange trading and settlement.

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Ubisoft will launch the blockchain game Champions Tactics on Oasys blockchain

Game giant Ubisoft is about to launch the chain game "Champions Tactics: Grimoria Chronicles", which will run on the Oasys blockchain. At the same time, Ubisoft is also one of the node operators of the Oasys blockchain network.

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梅拉尼娅·特朗普即将推出 NFT 系列「The 1776 Collection」,以庆祝独立日 Translation:

Melania Trump is about to launch an NFT series "The 1776 Collection" to celebrate Independence Day.

Former US First Lady Melania Trump is about to launch an NFT series called "The 1776 Collection" to celebrate the upcoming Independence Day in the United States. The NFT series is priced at $50 per token and is divided into 6 versions, with a total of 500 tokens per version.

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ENS Roadmap: Actively researching Gasless DNS Names and other features, exploring ENS interaction with L2 ecosystem and SIWE direction

According to the Ethereum Name Service (ENS) roadmap, the project is currently working on Gasless DNS Names (using DNS domain names in ENS without gas through CCIP-Read), ENSjs Refactor, research on improving the development pipeline, and plans to explore ways for ENS to interact with Layer2 ecosystems, Sign-in With Ethereum (SIWE), improving bookmarks, and a dark mode for the ENS manager.

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Camelot initiates proposal to grant 12 million ARB to Camelot DAO within the next 6 months

Arbitrum ecosystem DEX Camelot proposed on the Arbitrum forum to grant 2 million ARB tokens to Camelot DAO every month for the next 6 months to support liquidity incentives for Arbitrum-centric projects on Camelot. Camelot will release a full AIP vote for the proposal early next week.

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Viewpoint


Vitalik: Due to the complexity of multi-signature required for secure staking, only a small amount of ETH was staked

Ethereum co-founder Vitalik Buterin said on the Bankless Podcast that he did not stake all of his Ethereum holdings, but only a "fairly small part" because secure staking requires multi-signature, which is still a tricky process.

Vitalik said, "If you want to stake ETH, the access to its key must be publicly available on some online system. For security reasons, it must be multi-signature, and the multi-signature used for staking is still quite difficult to set up. It becomes complex in many ways."

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Christian: I have already contacted the founder of Azuki by phone, and the offer of 40 million US dollars may still be too low.

The co-founder of NDV, a crypto fund, and Azuki whale Christian posted on social media that he had just had a phone call with ZAGABOND.ETH, the founder of the Azuki project, and that the offer of 40 million may still be too low. He will wait to participate in the community meeting later.

BlockBeats previously reported that on June 28th, Christian mentioned Azuki on social media and said, "It is not wise to destroy a project worth $1 billion (and the most loyal community on earth) in order to obtain a profit of $38 million. I am willing to offer $40 million to buy the entire company."

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Vitalik commented on US crypto policies: regrets the projects that have been classified as securities, Ethereum should not see it as a victory

Ethereum co-founder Vitalik Buterin expressed regret for projects like Solana that have been classified as securities in his Twitter AMA when asked about "how do you view US crypto policy".

If Ethereum ultimately "wins" because of this, it will not be a glorious victory and may not even be a victory in the long run. At the same time, he hopes that these projects can achieve fair results.

Original Link


Justin Sun: TRON will launch the RWA track project stUSDT, positioning it as the "Yu'ebao" of the cryptocurrency industry.

Justin Sun, founder of TRON and member of Huobi Global Advisory Committee, announced on social media that "the first RWA track product in the TRON ecosystem, stUSDT, will be launched soon and will be operated through the decentralized platform JustLend. stUSDT will become the Yu'ebao of the cryptocurrency field, providing users with more diversified investment options."

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数据


translates to

Data


in English.

Bitcoin breaks through $31,000, with a 24-hour increase of 1.79%

According to OKX market information, Bitcoin has briefly surpassed $31,000 and is currently priced at $31,051, with a 24-hour increase of 1.79%.


Ethereum breaks through $1900, with a 24-hour increase of 3.01%

According to OKX market information, Ethereum has broken through $1900 and is currently priced at $1906.23, with a 24-hour increase of 3.01%.


Data: The 24-hour trading volume of the BCH-KRW trading pair on Upbit is about 4 times that of BTC

According to Coingecko data, the 24-hour trading volume of BCH/KRW on the South Korean cryptocurrency exchange Upbit reached $401 million, which is approximately four times the 24-hour trading volume of BTC/KRW ($115 million). In addition, the 24-hour trading volume of SOL/KRW slightly exceeded that of BTC/KRW, currently at approximately $146 million.

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BCH short-term breakthrough $300, 24-hour increase of 20.63%

According to OKX market information, BCH has broken through $300 in the short term and is currently priced at $291.73, with a 24-hour increase of 20.63%. BlockBeats previously reported that EDX Markets (EDX) announced the official launch of its digital asset market, which will provide trading services for four cryptocurrencies that are not classified as securities by the US SEC, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).


MDT Ventures announced that it will transfer $1.2 million worth of MDT to DWF Labs after the launch of MDT contracts on Binance

According to Lookonchain's monitoring, after Binance announced the launch of MDT contracts, Measurable Data (MDT) co-founder heatherm.eth transferred 25 million MDT (worth about $1.2 million) to the DWF Labs address.

Original Link


FTT briefly touched $2.5, with a 24-hour increase of 38.35%According to market data, FTT briefly touched $2.5 and is currently priced at $2.387, with a 24-hour increase of 38.35%.


The mainstream trading platform BCH contract position has reached a new high in two years, equivalent to approximately $614 million.

According to Coinglass data, as of today, the mainstream trading platform BCH contract position has increased to about 614 million US dollars, reaching a new high since June 2021.

Original Link


Lookonchain: Anonymous whale address withdraws 7,000 ETH from Binance, worth approximately $13.14 million

According to Lookonchain's monitoring, an anonymous whale address withdrew 7,000 ETH from Binance, equivalent to $13.14 million. Since June 8th, the whale address has withdrawn a total of 41,600 ETH (approximately $78 million) from Binance and has pledged 34,560 ETH (approximately $65 million).

Original Link


LTC short-term breakthrough $100, 24-hour increase of 18.63%

According to OKX market data, LTC has broken through $100 in the short term and is currently priced at $99.73, with a 24-hour increase of 18.63%.


Messari: Lens Protocol weekly active users have dropped 66% since hitting a new high in March

Cryptocurrency analysis company Messari has published an article stating that the weekly active user count of decentralized social protocol Lens Protocol has decreased by 66% since reaching a historical high in March.

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Funding


Bitcoin asset management company Samara Asset Group injects $10 million into subsidiary Samara Alpha

According to EQS News, Samara Asset Group, an alternative asset management company focused on Bitcoin, has announced a $10 million investment in its subsidiary, Samara Alpha Management's new flagship market-neutral multi-strategy fund. Samara Alpha launched earlier this year and its market-neutral strategy aims to capitalize on potential market opportunities in the emerging digital asset space.

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零知识身份验证 Outdid 完成 250 万美元种子轮融资,Jump Crypto 领投 Translation:

Zero-knowledge identity verification Outdid completes $2.5 million seed round financing, led by Jump Crypto

The zero-knowledge identity verification solution Outdid announced the completion of a $2.5 million seed round of financing. The round was led by Jump Crypto, with participation from Superscrypt and 15 angel investors including Matias Woloski, Martin Varsavski, Gaston Frydlewski, Santiago Siri, and Pia Mancini.

The new funds will be used to expand operations and business scope. Outdid provides a private identity verification tool that eliminates data liability in online applications and services. It uses zero-knowledge proofs to verify original government-issued documents without involving intermediaries for verification and certification, thus solving the dilemma of privacy and verifiability. This allows both Web3 and Web2 platforms to perform identity verification in a private manner.

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Regulation


美 SEC 将于 7 月 13 日对 Coinbase 的首次法律辩护作出回应

Translation:

The US SEC will respond to Coinbase's first legal defense on July 13th

According to CoinDesk, the US Securities and Exchange Commission (SEC) will respond to Coinbase's first legal defense on July 13th, as ordered by the court. The hearing date is much earlier than previously expected, due to Coinbase's "creative" defense strategy. Judge Katherine Polk Failla will decide during the July 13th court appearance whether to allow Coinbase to proceed with its motion to dismiss filed yesterday. 


It is reported that Coinbase submitted its first response within 40 days prior to the deadline (August 7th). Therefore, the pre-trial conference was changed to a motion hearing and the date was moved up from August 24th to July 13th. The pre-trial motion hearing is an application made by the prosecutor or defense lawyer requesting the court to make a decision on a certain issue before the trial.

Previously reported by BlockBeats, Coinbase claimed in its first legal response to regulatory lawsuits that the digital assets listed on the platform do not fall under the jurisdiction of the US Securities and Exchange Commission (SEC).

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Foreign media: South Korean prosecutors launch comprehensive investigation into WeMade and WEMIX Token market makers

According to Digital Asset, this morning, the South Korean prosecutor's office has launched a comprehensive investigation, including detention and search, against the listed gaming company WeMade and its WEMIX Token market maker. The search and detention are in response to a complaint filed by WEMIX investors to the prosecutor's office on May 12, accusing the company of fraud and embezzlement. The report stated that WeMade has sparked multiple controversies since 2021.


From November 2020 to January 2022, WeMade liquidated WEMIX worth KRW 225.5 billion without notifying WEMIX users and used the funds to acquire a company, causing a huge controversy. In addition, by the end of 2022, WEMIX's issuance volume was suspected of false disclosure and was involved in a legal dispute with a local trading platform, resulting in WEMIX being delisted from several major cryptocurrency exchanges in South Korea.

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The Financial Services Commission of South Korea: The "Virtual Asset Act" is expected to be officially implemented in July 2024

According to EToday, the South Korean National Assembly has passed a bill to protect virtual asset users, known as the "Virtual Asset Act". The Financial Services Commission (FSC) of South Korea has stated that the act is expected to be implemented in July 2024. The "Virtual Asset Act" in South Korea mainly includes "protection of virtual asset user assets", "regulation of unfair trading practices in the virtual asset market", and "supervision and sanctioning authority of financial authorities over the virtual asset market and operators". 


In addition, the Financial Services Commission of South Korea is preparing for the second phase of legislation for virtual assets. Before the implementation of the law, it will actively negotiate with relevant agencies such as the Ministry of Strategy and Finance, the Ministry of Science and Technology, the Ministry of Justice, the Ministry of Public Administration and Security, the prosecution, the police department, the Bank of Korea, and the Financial Supervisory Service to promote various measures to establish a market discipline system.

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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

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