Web3 Daily | Bitcoin breaks through $31,500, reaching a new one-year high; Threads registers over 10 million users within 7 hours of launch.
Selected News:
1. Federal Reserve Meeting Minutes: Almost all officials expect more rate hikes in 2023;
2. Data: The grayscale GBTC negative premium rate has narrowed to 26.76%.
3. Bitcoin breaks through $31,500, reaching a new high in a year;
4. Zuckerberg: Threads has exceeded 10 million registered users within 7 hours of going live.
5. BlackRock CEO: Cryptocurrency is "digital gold", and Bitcoin is an international asset;
Project Updates
Meta has launched its Twitter-like application Threads, with no limit on user reading volume
Meta, the parent company of Facebook, has officially launched its new app Threads. Threads integrates with the decentralized social media protocol ActivityPub based on Mastodon. Users can log in through their Instagram accounts and it is positioned as a competitor to Twitter, targeting Elon Musk.
BlockBeats previously reported that to limit Twitter scraping, Musk imposed reading restrictions on Twitter users last week: verified accounts can read up to 10,000 tweets per day, unverified accounts can read up to 1,000 tweets, and new unverified accounts can read up to 500 tweets, which has caused dissatisfaction among users. At the end of June, Musk made an online appointment with Meta founder Mark Zuckerberg for an offline MMA fight, which has not yet taken place.1inch co-founder: Sold 11,000 ETH before testing protocol upgrade
According to The Block, Sergej Kunz, co-founder of 1inch, stated that the reason for selling 11,000 ETH earlier was because the team was testing new features in Fusion mode. The new feature allows for the use of custom presets to set the duration, starting and ending auction amounts. This strategy is very helpful for asset rebalancing (used for DAOs, hedging, and investment funds). Based on the results, the average exchange rate for this transaction was better than simply exchanging on the market.NFT trading platform Blur launches V2 version
The NFT trading platform Blur has announced the launch of its V2 version. The V2 version of Blur has optimized Gas, reducing transaction costs by 50%. Previously, the bidding in V1 version will be invalid, and users need to bid again.
The updated Blur also supports feature bidding for NFTs. Feature bidding for a total of 12 NFTs, including Punks, Degods, and Milady, will earn more points.
Blur also stated that there are three undisclosed developments still in development.
FTX, Three Arrows Capital, and SEC oppose BlockFi's bankruptcy plan.
According to a report by CoinDesk, a legal filing submitted by FTX on Wednesday stated that the proposal of the bankrupt cryptocurrency lending platform BlockFi abused bankruptcy rules and involved disputed transactions worth over $1 billion.
BlockFi plans to discuss the matter in a hearing scheduled for July 13 in a New Jersey court, but has faced opposition from Three Arrows Capital and the SEC. Three Arrows Capital claims that BlockFi owes it over $220 million and alleges that it did not have the opportunity to object to fraud charges, while the SEC states that the proposed terms for liquidating BlockFi and its management are too vague and broad.
As previously reported by BlockBeats, BlockFi's creditors have applied for the liquidation of the company, while BlockFi has submitted an updated plan under Chapter 11 of the bankruptcy law.
dYdX v4 testnet is now officially onlineAccording to official sources, the dYdX v4 testnet has officially launched. Previously, the founder of dYdX stated on social media that "dYdX v4 will be completely open source and will not include any commercial copyright licenses. Anyone can freely use the corresponding code as needed."
FTX plans to postpone the sale of its Japanese subsidiary, FTX Japan.
According to a report by Nikkei News, cryptocurrency trading platform FTX has informed the Japanese Financial Services Agency that it plans to delay the sale of its Japanese subsidiary, FTX Japan. A senior executive of the FTX Group stated that "they hope to increase the selling price by selling the entire group, rather than selling subsidiaries in various regions."Curve community proposal vote proposes to reduce the interest rate of WBTC and ETH collateralized crvUSD lending by 40%. As of now, the voting support rate is 100%, and the voting will end in 40 hours.
欧易 OKX will launch FXS at 18:00 today and recharge is now available.
According to official sources, Ouke OKX will launch FXS at 18:00 on July 6th Beijing time and open the FXS/USDT trading pair. FXS deposits are now available, and FXS withdrawals will be available at 18:00 on July 7th Beijing time. It is reported that Frax Share token (FXS) is a non-stable utility token in the algorithmic stablecoin protocol Frax Protocol, with system governance rights and a total issuance of 99,681,752 tokens.Circle CEO: Considering Issuing Stablecoin in Japan
According to CoinDesk, Jeremy Allaire, co-founder and CEO of stablecoin issuer Circle, stated that Circle is considering issuing stablecoins in Japan, following the legislation on stablecoin regulation that came into effect on June 1st. "If stablecoins are more widely used in cross-border trade, foreign trade, and global business, Japan will become an extremely large market." Circle is interested in establishing partnerships in Japan.BitgetX announced a strategic partnership with Hong Kong Virtual Asset Rating Agency (HKVAC)
The encrypted trading platform BitgetX announced on July 4th that it has established a strategic partnership with Hong Kong Virtual Asset Rating Agency (HKVAC).
As an independent professional credit agency, HKVAC provides credit ratings for the encryption industry, especially for cryptocurrency trading platforms and all active cryptocurrency. This cooperation is committed to promoting the healthy development of the Hong Kong digital asset industry, including the formulation of compliance management standards for trading platforms, improving trading quality, and providing better risk management services for investors and creating a secure trading environment.
Patrick Pan, co-founder and CEO of BitgetX, said: "At BitgetX, we are committed to not only being a part of the encryption industry, but also shaping and promoting its future. At the same time, we will create a compliant and secure digital asset ecosystem for the global market, with a particular focus on promoting the Web3 industry in Hong Kong - this is one of our core missions."
Binance will disable some existing deposit addresses in Q3
According to official sources, Binance will gradually deactivate existing deposit addresses and tags in selected networks. Emails will be sent to affected users in batches. If users have not received an official notification from Binance, they can continue to use their current deposit addresses.OMNI NFT officially launched on Binance NFT market today.
According to official sources, the "OmniSwap Genesis NFTs" series of NFTs launched by OMNISWAP has been listed on the Binance NFT market and will officially open for trading at 8:00 PM Beijing time today.
The issuer, OMNISWAP, stated that OMNI NFT is the platform's first equity-based NFT, and holding OMNI NFT will entitle the holder to a series of value-added benefits. Holders can earn rewards by staking their NFTs. At Omniswap, each NFT comes with its own computing power, and the higher the computing power, the higher the returns from staking and mining.
Hotbit: To allocate approximately $16 million in assets to DF asset and HTB holders
The cryptocurrency trading platform Hotbit, which has been shut down, announced on June 30 that there are currently about $6 million in assets that can be extracted from the hot wallet for DF asset holders, most of which come from users who cannot pay withdrawal fees. These assets will be converted to USDC on Arbitrum and distributed to DF asset holders in proportion. Currently, there are a total of 250 million HTB, of which investors hold 150 million, and the remaining 100 million will be distributed to all DF asset holders in proportion.
For HTB holders, the team will give up all investment returns in the cryptocurrency field, and the value of liquid assets and locked assets is about $10 million (peaking at $100 million in 2021), which will be gradually converted into "high-liquidity assets" on Arbitrum and distributed to HTB holders in proportion.
In Hotbit's investment portfolio, there is a DEX product inspired by GMX, and the team is willing to use HTB as the platform token and transfer the domain name and remaining assets to a new team.
In addition, some of Hotbit's investment assets are still in long-term lock-up status, and the investment assets that will continue to be unlocked in the next 2-3 years will be converted into "high-liquidity assets" and distributed to HTB holders.
Viewpoint
BlackRock CEO: Cryptocurrency is "digital gold", Bitcoin is an international asset
During an interview with Fox Business, Larry Fink, CEO of BlackRock, referred to cryptocurrency as "digital gold" and referred to Bitcoin as an international asset.
"Bitcoin is not based on any currency, so it can serve as an alternative asset. In many ways, it digitizes gold. Unlike investing in gold as a hedge against a country's heavy problems or currency depreciation, Bitcoin is an international asset."
As previously reported by BlockBeats, on July 4th, BlackRock 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. The SEC had previously 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 for regulatory sharing agreements.
Bloomberg analyst: Bitcoin spot ETF applicants may meet with SEC next week
Bloomberg senior ETF analyst Eric Balchunas posted on social media that experts say BlackRock, Fidelity Investments, and other Bitcoin spot ETF applicants will meet with the US Securities and Exchange Commission (SEC) next week. Balchunas believes they will meet and discuss the possibility of Bitcoin spot ETFs and the revisions required for the rules.
BlockBeats previously reported that companies such as BlackRock, Fidelity Digital Assets, Invesco, Valkyrie, and WisdomTree have all resubmitted applications for Bitcoin spot ETFs, designating Coinbase as a supervisory shared protocol partner.
Web3 on-chain operation incentive platform RabbitHole officials stated, "Earlier today, our Twitter account was hacked. We have successfully regained access to the account, deleted malicious posts, and are investigating the cause. Always verify the authenticity of the links you see on Twitter."
Gemini co-founder invites DCG founder to negotiate "final offer" for Genesis debt restructuring
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扎克伯格：Threads 上线 7 小时注册用户数已超 1000 万
Translation:Zuckerberg: Threads has exceeded 10 million registered users within 7 hours of launch
Meta CEO Mark Zuckerberg announced on the latest Threads app that over 10 million users have registered within 7 hours of its launch.
According to BlockBeats, Threads integrates with the decentralized social media protocol ActivityPub based on Mastodon. Users can log in with their Instagram accounts and it aims to compete with Twitter, which is often associated with Elon Musk.
Bitcoin breaks through $31,000, with a 24-hour increase of 1.03%According to OKX market information, Bitcoin has broken through $31,000 and is currently priced at $31,092, with a 24-hour increase of 1.03%.
Nansen: ETH is the main bridging asset for Starknet, accounting for nearly 75%According to Nansen data, the number of independent wallets bridged from Ethereum to Starknet has exceeded 500,000, with a total deposit value of over $65 million, of which ETH is the main bridging asset for Starknet, accounting for nearly 75%. 60% of users have a deposit amount between $1-100, and 94% have a deposit amount below $1,000. Users with a wallet age of over one year account for 24.5%, 3-12 months account for 41%, 1-3 months account for 26.6%, 1 week to 1 month account for 6.78%, and less than 1 week account for 1.1%. Overall, about 75% of Starknet bridged wallets have been used for less than a year. In addition, JediSwap is the protocol with the highest TVL proportion in the Starknet ecosystem, which is more than twice that of the second-ranked 10KSwap.
Security team: Hotbit News suspected of experiencing a Rug Pull, cheating about $1.7 million in assetsAccording to ChainAegis monitoring, Hotbit News is suspected of experiencing a Rug Pull, scamming about $1.7 million in assets. RichQuack lost approximately $254,000 worth of QUACK and USDT, while BabyDogeCoin and DogelonMars lost over $1 million in assets.
Data: A certain whale address transferred 50 million USDC to Binance in the past 5 days
According to JieData monitoring, the whale address starting with 0x89df transferred all of its 50 million USDC to Binance between July 2nd and 6th. This address had previously transferred 45 million USDC to Binance on March 11th before the rise in Bitcoin price.Nansen: NFT creator royalties hit a two-year low in June
According to a report released by Nansen on Wednesday, NFT royalty revenue in June hit a two-year low. Royalty payments peaked in April 2022, with creators earning 28,000 ETH, or nearly $76 million, per week. Meanwhile, during the peak week in June, creators earned a total of 2,000 ETH, or about $3.8 million. As of July 4th, Yuga Labs has earned nearly $166 million in collective royalties from its product line, including Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherdeed for Otherside. The Azuki series and derivative projects BEANZ and Elementals have earned over $58 million in royalties.Data: Grayscale GBTC negative premium rate has narrowed to 26.76%
According to Coinglass data, the current premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 26.76%; the premium rate of ETH Trust is 45.80%. In addition, the premium rate of ETC Trust is 55.81%, and the premium rate of LTC Trust is 26.62%.
According to Dune data, the total trading volume of Blend, an NFT lending platform under Blur, has exceeded 1.22 billion US dollars, with a total of 100,012 loans. The platform currently has 3,551 independent borrowers and 2,007 independent lenders.
Funding
AI-driven digital identity ecosystem Aspecta, focused on developers, announced the completion of a new round of strategic financing, with the specific amount of financing yet to be disclosed. This round of financing was participated by Spartan Group.
The new funds will be dedicated to improving Aspecta's core application, Aspecta ID, and expanding the developer ecosystem infrastructure globally. The team's goal is to establish a new paradigm of data ownership, interoperability, and user experience using artificial intelligence and blockchain technology.
BlockBeats previously reported that on March 22, Aspecta announced the completion of a $3.5 million seed round of financing and the global public testing plan for its flagship product, Aspecta ID.
去中心化数据存储创企 Hello 完成 17 万欧元 Pre-Seed 轮融资，Casti Ventures 等参投
Translation:According to EU-Startups, decentralized data storage startup Hello has announced the completion of a €170,000 Pre-Seed round of financing, with participation from Esade BAN, Casti Ventures, Bcombinator, and several European angel investors. The new funding will be used for product development and other strategic initiatives.
Hello is an early-stage decentralized Web3 ecosystem that includes applications, networks, and infrastructure based on blockchain technology, decentralized storage, and distributed databases. Hello aims to provide a sustainable, scalable, efficient, and user-controlled method of data storage to address the limitations of traditional systems.
Federal Reserve Meeting Minutes: Almost all officials expect more rate hikes in 2023
The minutes of the Federal Reserve meeting showed that Fed officials maintained their "moderate" recession forecast for 2023. Almost all officials expect more rate hikes in 2023. Supporters of rate hikes pointed out that the labor market is very tight, the economic momentum is better than expected, and there is no evidence that inflation will gradually return to the 2% target. (Jin10)
Insider: US CFTC may sue Celsius and its former CEO this month
According to Bloomberg, citing sources familiar with the matter, the US Commodity Futures Trading Commission (CFTC) has concluded its investigation and found that the bankrupt crypto lending platform Celsius Network and its former CEO, Alex Mashinsky, violated US regulations before the platform's bankruptcy. The CFTC believes that Celsius misled investors and should have registered with regulatory agencies, and that Alex Mashinsky also violated relevant regulations. Sources say that if most CFTC commissioners agree with this conclusion, the agency could file a lawsuit in federal court as early as this month.Israel will exempt foreign residents from paying capital gains tax on the sale of cryptocurrencies.
The Israeli parliament has passed a tax relief bill for the cryptocurrency industry, which exempts foreign residents from paying capital gains tax on the sale of cryptocurrencies and reduces the tax rate for employee cryptocurrency options (similar to stock options) from around 50% to about 25%.Welcome to join the official community of BlockBeats by LuDong
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