Web3 Daily | BlackRock resubmits Bitcoin spot ETF application; Three Arrows Capital pledges to donate a portion of future OPNX revenue to creditors.
Top News:
1. BlackRock has resubmitted its application for a Bitcoin spot ETF, which will be supervised by Coinbase.
2. WSJ: Meta's Threads, an application that competes with Twitter, is expected to go public on Thursday.
3. The Azuki series NFT prices have rebounded, with Azuki rising nearly 23% in the past 24 hours.
5. As a result of the news of establishing partnerships with multiple ETF issuers, Coinbase's stock price rose more than 11%.
Project Updates
BlackRock resubmits Bitcoin spot ETF application, to be supervised by CoinbaseBlackRock has resubmitted its Bitcoin spot ETF application to the US Securities and Exchange Commission (SEC) through Nasdaq, indicating that Coinbase Global Inc. will provide market supervision. Previously, the SEC stated that the preliminary application documents submitted by institutions such as BlackRock and Fidelity were "unclear and incomplete" because they did not specify the cooperating institutions of the regulatory sharing agreement. Last week, Fidelity, Invesco, VanEck, 21Shares, and WisdomTree all modified their applications. Analysts believe that market supervision in the cryptocurrency market may be the key to obtaining SEC approval for Bitcoin spot ETFs. Supervision can greatly reduce fraud and market manipulation, which is the main reason why the SEC has rejected about 30 Bitcoin spot ETF applications so far.
Aave V2 Ethereum pool's TUSD reserve has been frozen
The AIP proposal regarding the "Freezing of TUSD reserves on the Aave V2 Ethereum pool" has recently been passed and implemented. Following the recent TUSD asset incident, the ACI proposed to freeze the TUSD reserves on the Aave V2 Ethereum pool. This will prevent users from depositing or borrowing TUSD in the Aave V2 Ethereum pool.
This will not affect current positions, and users can still repay and withdraw TUSD from the Aave V2 Ethereum pool. This AIP aims to take a conservative approach to the TUSD situation. It will allow the community to assess the situation before making any further decisions.
WSJ: Meta's Threads, an app that competes with Twitter, is expected to go public on Thursday.
According to The Wall Street Journal, Meta Platforms, the parent company of Facebook, plans to release a microblogging app called Threads, which is expected to launch on Thursday. The company is expected to develop this microblogging app based on its Instagram user base, a strategic move that could help the app quickly gain attention. BlockBeats previously reported that Musk announced on Sunday that Twitter is implementing frequency limits on reading tweets by users.
Binance will start upgrading its spot trading system at 14:00
Binance started upgrading its spot trading system at 14:00 today, and the upgrade is expected to last for 1 hour. The upgrade includes improving system performance and stability. During the upgrade, users can use all functions normally, but the display of historical transactions may be delayed by a few minutes. The estimated time for the system upgrade is 1 hour, which may not be accurate. The specific time for resuming trading will be announced separately.
受与多家 ETF 发行商建立合作消息影响，Coinbase 股价收涨逾 11%
Translation:The stock price of Coinbase rose by 11.71%, closing at $79.93. Since the beginning of the year, the stock price of Coinbase has risen by nearly 130%. BlockBeats previously reported that BlackRock resubmitted its application for a Bitcoin ETF to the US SEC, which will be supervised by Coinbase. Last week, Cboe also resubmitted its application for a Bitcoin ETF for issuers such as Fidelity and ARK Invest, designating Coinbase as a partner for market surveillance sharing agreements.
三箭联创：将向债权人捐赠部分 OPNX 未来收益 Translation:
Three Arrows Capital: Will donate part of OPNX future revenue to creditors
According to The Block, Kyle Davies, co-founder of Three Arrows Capital, announced during a Twitter Spaces event on Monday that he will use the new crypto claims trading platform OPNX, co-founded with Mark Lamb, to "donate" a portion of OPNX's future earnings to early Three Arrows Capital creditors.
Davies said, "We have created the first ever Shadow Recovery Process (SRP). This SRP is a way for Zhu Su and me to donate to early supporters and creditors who have supported us. If someone doesn't want to deal with us, they can choose not to participate."
He added that this is completely unrelated to the liquidation process. Teneo is the liquidator, and they will sell the company's assets and distribute them to creditors. But we have a process where we can donate funds over time. Again, it is completely voluntary.
Web3 education protocol Open Campus posted on social media that, due to recent macro fluctuations and market conditions, they have decided to delay the unlocking time of all upcoming tokens for early contributors, liquidity providers, and the ecosystem by 3 months. The unlocking plan for other funding pools remains unchanged. Smart contracts will be redeployed to reflect the updated unlocking plan.
In addition, the team's tokens have a lock-up period of 24 months and will be unlocked over a period of 36 months, or 5 years. The liquidity of all tokens can be tracked on the blockchain.
Bitget will launch Lybra Finance (LBR) on the innovation zone. The deposit channel is now open and the trading channel will be open at 15:00 (UTC+8) today. The new round of LBR super airdrop is about to begin. Bitget will airdrop LBR to eligible users, with a maximum value of $100 LBR per person.
Credit Suisse will collaborate with the Swiss Football Association to launch Ethereum NFTs.
According to The Block, Credit Suisse has partnered with the Swiss Football Association to launch an Ethereum-based NFT series to support Swiss women's football. According to the information on the Credit Suisse website, the NFT series includes 756 digital art portraits of Swiss women's national football team players and will be available for sale from July 11 to August 31. The NFTs have been deployed on the Ethereum blockchain network and will be exclusively sold through Credit Suisse's CSX application.
This move marks Credit Suisse's entry into the NFT field. In February of this year, Credit Suisse led a $65 million Series B financing round for Swiss digital asset company Taurus. In March of this year, Swiss bank acquired Credit Suisse in a full stock transaction worth CHF 3 billion ($3.3 billion).
TRON's first RWA product stUSDT is now available on the TRON network
According to official sources, on July 3rd, the first RWA (Real World Asset) product in the TRON ecosystem, stUSDT, was officially launched and operated through the decentralized platform JustLend.
The stUSDT platform is committed to bridging the gap between individuals and institutional investors, as well as the crypto world and the real world, through smart contracts, providing a more fair RWA investment channel for everyone. The current expected annualized rate of return for this product is about 5%.
The latest announcement shows that the stUSDT platform will hold its first welfare event from July 10th to August 10th, offering subsidies for an expected annualized rate of return of up to 10%, helping users to gain more returns in the RWA market. The redemption fee discount activity will be launched synchronously with the product from July 3rd to August 10th.
According to official sources, the Themis Foundation announced that July will be designated as "Themis Node Month" and launched a million-dollar community incentive plan. The plan aims to encourage more community users to become primary nodes, gradually upgrade to intermediate nodes, and receive more DAO dividend rewards.
Themis Protocol is a DeFi protocol deployed on the Filecoin ecosystem. Its main products are Themis Pro and Themis Swap. The core product Themis Pro is a decentralized spot and derivative aggregation trading platform based on the Ve(3,3) model. It has unique features such as a fund pool asset adjustment mechanism, zero slippage trading mechanism, and high fund utilization rate. Since its launch over a month ago, multiple data points have ranked it first in the Filecoin (FEVM) ecosystem. Its token, THS Token, has risen by more than 300% since its launch, and the ecological contribution value token SC has risen by more than 400%, with the number of holding addresses exceeding 4800.
Binance will delist POWR, QKC, SC, and STEEM BUSD trading pairs at 11:00 AM tomorrow
According to official sources, Binance will delist and cease trading for POWR/BUSD, QKC/BUSD, SC/BUSD, and STEEM/BUSD spot trading pairs at 11:00 AM on July 5th, Beijing time. Trading bot services (if applicable) for the aforementioned spot trading pairs will also be terminated simultaneously. Users are advised to update and/or cancel their trading bots before the cessation of trading bot services to avoid any potential losses.韩国数字资产交易平台协会 DAXA 将从 7 月 4 日起实施「虚拟资产警报制度」
Translation:According to South Korean media Hankyung, the South Korean Digital Asset Exchange Association (DAXA), composed of the country's five major cryptocurrency trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax), will implement a "virtual asset alert system" starting from July 4th. The system consists of five types: drastic price fluctuations, surge in trading volume, surge in deposits, price differences, and concentrated trading by a small number of accounts. It will be triggered by real-time monitoring of each exchange. When a project that meets each alert condition is detected, the trading window of the relevant project will display a badge-shaped notification, which can last up to 24 hours.
TRON has officially released its Great Voyage 4.7.2 version, which includes updates such as the Stake 2.0 mechanism, seamless EIP-3855 compatibility, smart contract interface optimization, and P2P network module improvements.
TON blockchain launches encrypted messaging feature
According to the official announcement, the Layer1 blockchain TON developed by Telegram has introduced encrypted messaging functionality, using end-to-end encryption to ensure that only the sender and receiver can see the message content. In addition, the transaction fee for each message sent is 0.006 TON.Cosmos announced the results of its NFT hackathon, with NFTokenizer, CosmoSwap, and Lendlord taking the top three spots. NFTokenizer is built on Neutron and allows users to tokenize any asset into NFTs with cross-chain compatibility. CosmoSwap is a DeFi aggregator that enables cross-chain token exchange using IBC. Lendlord is a cross-chain NFT rental platform that allows users to seamlessly lend, rent, and manage NFTs across IBC chains.
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Azuki series NFT prices rebound, Azuki up nearly 23% in 24 hoursAccording to the market data from Blur, the prices of Azuki series NFTs have rebounded. Among them, the floor price of Azuki is currently reported at 6.699 ETH, with a 24-hour increase of 22.92%; the floor price of Azuki Elementals is currently reported at 1.0489 ETH, with a 24-hour increase of 33.21%; the floor price of Beanz is currently reported at 0.4271 ETH, with a 24-hour increase of 23.47%.
Lookonchain: Multiple whale addresses sold GRT in the past 10 hours
According to Lookonchain's monitoring, a whale address starting with "0xde32" deposited 6 million GRT (approximately $77.6 thousand) into Binance and sold 750 thousand GRT (approximately $10 thousand) on a DEX through another wallet in the past 7 hours. Currently, the whale wallet still holds 3.22 million GRT (approximately $41.6 thousand) and has staked 25.3 million GRT (approximately $325 thousand). In addition, two other whale addresses also deposited 6.8 million GRT (approximately $88.6 thousand) into KuCoin 10 hours ago.
Data: A certain ETH Smart Trader address transferred 3000 ETH to Binance 3 hours ago.
CryptoQuant Co-founder: BTC miners transferred 54,000 BTC to Binance in the past three weeks
The co-founder and CEO of CryptoQuant, Ki Young Ju, stated that "Bitcoin miners have transferred 54,000 bitcoins to Binance in the past three weeks, while the open interest of Bitcoin to USD futures contracts has not significantly changed, indicating that miners are less likely to transfer bitcoins to increase new long positions by filling collateral. In my opinion, it seems more likely that the miners' transfer is a spot selling behavior."
Bitcoin's market share has slightly dropped to 47.96%.
According to Coingecko data, Bitcoin's market dominance has slightly fallen to 47.96%, while Ethereum's market dominance is currently reported at 18.64%. The market share of the three stablecoins, USDT, USDC, and BUSD, is 6.61%, 2.2%, and 0.33%, respectively. The current total market capitalization of the entire cryptocurrency market is reported at $1,263,217,542,613 USD, with a 24-hour increase of 1.0%.According to the "Public Chain Portrait" open-source data dashboard launched by Bitget Research Institute, the number of active addresses on Ethereum reached 406,400 yesterday, of which 83,200 were new user addresses. Compared with the previous day, the number of new user addresses decreased by 1,911, a decrease of 2.25% on a month-on-month basis; the number of existing user addresses increased by 45,400, a month-on-month increase of 16.33%. User portraits show that new users tend to hold stablecoin USDT, while existing users are more willing to participate in DeFi.
2023 年元宇宙项目 H1 融资总额约 7.07 亿美元，不及 2022 年全年融资总额的 10%
Translation:According to a recent report released by Dappradar, the total financing amount of metaverse projects from the beginning of 2023 to the end of June was approximately 707 million US dollars. Although this number accounts for 43.68% of the total financing amount of encrypted projects in 2023, it is still less than 10% of the total financing amount of metaverse projects in 2022 (approximately 7.6 billion US dollars).
In addition, Dappradar describes Asia (including China and Japan) as a region where the virtual universe is booming, because governments and enterprises in the region are strongly supporting and investing in the industry and its development. China is one of the few countries that has developed a metaverse plan, including initiatives in education and tourism. Chinese companies such as ByteDance, Alibaba, Baidu, and Tencent are also investing in the development of metaverse hardware and software.
Gemini co-founders release another open letter to DCG founder Barry Silbert
Gemini co-founder Cameron Winklevoss has released an open letter to DCG founder and CEO Barry Silbert, stating that today marks the 229th day since Genesis stopped withdrawals and the 174th day since the last open letter was published. However, "since Genesis closed, you have never intended to find a global, negotiated solution with creditors and Earn users." It also stated that in June and July 2022, both DCG and Genesis intentionally lied to creditors and did not resolve the $1.2 billion loss caused by the collapse of Three Arrows Capital. Since November last year, Barry Silbert has been working feverishly not to compensate creditors, but to raise funds to repay the loan and file a lawsuit against the futures contract in the future.Bitget Launchpad BGB holding statistics will end at 24:00 tonight
According to official sources, on June 28th, Bitget launched a new Launchpad project called Typelt. The position statistics phase will end at 00:00 (UTC+8) on July 5th. Afterwards, it will enter the investment phase, and the investment channel will be open from 03:00 to 13:00 (UTC+8) on July 5th. Each user can invest up to the average BGB holding amount during the statistical phase. During the statistical period, the user's entire BGB holdings in the account will be included in the statistics.
Bitget Research Institute launches "Public Chain Portrait" open-source data dashboard on the chain
Bitget Research Institute has launched an open-source on-chain data dashboard called "Public Chain Portrait". The dashboard currently includes multi-dimensional data for mainstream public chains such as ETH, Arbitrum, BSC, and Polygon, including active user numbers, new user portraits, stock user portraits, popular trading currency rankings, users' favorite tracks and projects for interaction, and gas consumption rankings. Bitget Research Institute focuses on "focusing on on-chain data and mining valuable assets". By monitoring on-chain data and regional hot searches in real-time, it mines cutting-edge value investments and provides institutional-level insights for cryptocurrency enthusiasts. Through data-driven in-depth research, Bitget Research Institute creates better wealth effects for global users.Data: Whale address starting with 0x36aE transferred 25,669 ILV to Binance 1 hour ago
According to Lookonchain data, a whale address starting with 0x36aE transferred 25,669 ILV tokens, which were unlocked three days ago, to Binance one hour ago. The value of the transfer is approximately $1.2 million. Chain data records show that every time this address receives unlocked ILV tokens, it transfers them to a trading platform for sale.0x9df starts a new address and withdraws 9.45 billion PEPE from Binance, worth about $1.64 million
According to Lookonchain's monitoring, a new address starting with 0x9df withdrew 9.45 billion PEPE tokens worth approximately $1.64 million from Binance 40 minutes ago.Bitcoin Volatility Index rose to 52.34 yesterday, with a daily increase of 2.09%.
The BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose to 52.34 yesterday, an increase of 2.09% compared to July 2.
BlockBeats Note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is calculated using the B-S option pricing formula, which takes the actual option price and other parameters except for volatility into account to derive the volatility.
The actual price of an option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations of the future market, and is considered the closest to the true volatility at that time.
Financing
去中心化视频分享网站 BitChute 寻求以 7.5 亿至 10 亿美元估值完成 1000 万美元 A 轮融资
Translation: According to Reuters, decentralized video sharing website BitChute is seeking to complete a $10 million Series A funding round at a valuation of $750 million to $1 billion. The new funds will be used to build new features that allow users to live stream and pay content creators. Bitcoin investors Patrick Dai and Matthew Branton have already invested in BitChute and jointly own 60% of the company. The long-term goal is to decentralize the platform using blockchain technology, giving users the ability to decide whether or not to conduct content moderation.Web3 startup Ola has completed a $3 million seed round financing.
According to The Block, Ola, a Web3 startup focused on privacy, has completed a $3 million seed round of funding. Web3.com Ventures and Foresight Ventures co-led the round, with participation from Token Metrics Ventures, LD Capital, CatcherVC, and others.
Ola uses a hybrid zero-knowledge rollup called "ZK-ZKVM" to provide optional privacy for the cryptocurrency industry. Ola is currently not open to the public, and the company plans to launch a beta testnet in the third quarter of this year and a public testnet by the end of 2023.
Regulation
Bloomberg: South African regulatory agency requires cryptocurrency trading platforms to obtain operating licenses by the end of the yearAccording to Bloomberg, the South African financial regulator, FSCA, has announced that it will require cryptocurrency exchanges in the country to obtain licenses to operate by the end of this year. FSCA Commissioner Unathi Kamlana stated in an interview that the regulator has received about 20 applications since the licensing process opened a few weeks ago, and expects to receive more before the November 30 deadline. It is reported that the largest cryptocurrency exchanges on the African continent are based in South Africa, including Luno under DCG and VALR supported by Pantera, as well as global platforms such as Binance, which also need to obtain licenses to operate in the country.
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