Web3 Daily | Binance Launchpad to launch ARKM; Bitcoin market share temporarily reported at 48.14%.
Top News:
1. Binance Launchpad will launch Arkham (ARKM);
2. Twitter competitor Threads has surpassed 100 million registered users within a week of its launch;
3. Hong Kong's Ho's Group and Hedgue LLP have reached an exclusive strategic partnership to explore areas such as RWA and digital asset management.
4. Coinbase CEO and three executives recently sold nearly $6.9 million worth of Coinbase stock;
5. After Voyager resumed withdrawals, over $229 million in funds have been released.
6. Bitcoin's market share is currently reported at 48.14%.
Project Updates
Binance Launchpad will launch Arkham (ARKM)According to an official announcement, Binance is about to launch its 32nd Launchpad project, Arkham (ARKM), and will open a BNB session. This sale will be based on the investment model, and Binance will determine the user's investment quota based on their average daily BNB holdings over 6 days. The BNB holding snapshot period is from 8:00 am on July 11, 2023 to 8:00 am on July 17, 2023 (GMT+8).
Twitter competitor Threads has surpassed 100 million registered users within a week of its launch.
According to data from Quiver Quantitative, Twitter's competitor Threads has surpassed 100 million registered users in less than a week since its launch last Wednesday evening.The Hoo's Group and Hedgue LLP have officially signed an exclusive industry strategic cooperation agreement to enter the cryptocurrency field. The Hoo's Group's subsidiary business covers real estate, construction, electricity, transportation, finance, oil, hotels, etc., while Hedgue will provide corresponding services and planning suggestions for the Hoo's Group in the decentralized finance field and market landing.
According to the terms of the strategic cooperation, William S. of Hedgue's crypto department will serve as a strategic advisor to the Hoo's Group, assisting it in exploring RWA and digital asset management.
Hedgue LLP, a veteran investment bank, can be traced back to 1902 and officially established its crypto department in 2021.
ZigZag launches cross-chain trading tool Zap
Ethereum Layer 2 ZK Rollup order book DEX ZigZag has launched cross-chain trading tool Zap. Zap supports cross-chain transactions between EVM chains and non-EVM chains, and allows developers to build on top of Zap. ZigZag indicates that Zap will soon support Bitcoin Lightning Network, allowing users to directly exchange ETH for BTC or SOL and other non-EVM chain assets in a single transaction.
派盾：保证金协议 Arcadia 遭遇攻击，损失约 45.5 万美元 Translation:
Pai Shield: Margin agreement Arcadia was attacked, with a loss of about $455,000According to the monitoring data of Paidu Shield, the on-chain collateral agreement Arcadia Finance suffered an attack on the Ethereum and Optimism networks, resulting in a loss of approximately $455,000. The attacker has transferred 179.3 ETH to Tornado Cash for mixing. After analysis by Paidu Shield, the attack was due to a lack of validation for untrusted inputs. The attacker exploited this vulnerability to transfer funds from the darcWETH and darcUSDC insurance pools. Specifically, the attacker exploited a vulnerability in the ArcadiaFi project, which resulted in unverified input data being accepted and malicious operations being executed.
Arcadia Finance contacted the attacker on-chain and demanded the return of 90% of the stolen funds
Arcadia Finance posted on social media that they have noticed potential vulnerabilities in the agreement and have suspended the contract. They are investigating the root cause with security experts. Arcadia has also informed the attacker on the chain and requested that 90% of the funds be returned to the official address. If no funds are returned in the next 24 hours, Arcadia will report the matter to law enforcement.
The decentralized stablecoin protocol Angle Protocol's community recently launched a new proposal, suggesting the launch of a new module called Transmuter and a replacement of the protocol's collateral reserves. Transmuter is a new minting module designed for agEUR, aimed at enhancing the system's resistance to black swan events and reducing reliance on hedging mechanisms.
In addition, the proposal also suggests replacing the collateral reserves that support agEUR (including USDC, DAI, and FRAX) with EUROC and bC3M. EUROC is Circle's euro stablecoin, and bC3M is a tokenized version of the C3M ETF provided by Backed, which aims to invest in short-term European government bonds. The goal of this proposal is to support agEUR with high-quality euro-denominated assets, enabling the protocol to provide risk-free savings contracts for all stakeholders.
Mantle Network initiated a proposal vote to establish an ecological fund.
Snapshot voting page shows that Mantle Network, an Ethereum Layer2 network, has initiated MIP-24 proposal, requesting community authorization for Mantle Treasury to provide $100 million to establish Mantle EcoFund investment committee and deploy 10 million USDC from Mantle Treasury for the first time. The proposal will end at 18:30 on July 15th.
The proposal aims to raise a funding pool of $200 million in the Mantle ecosystem over the next three years through the joint efforts of Mantle EcoFund and strategic risk partners. This $200 million funding pool is composed of external matching capital invested by Mantle Treasury and Strategy Venture Partners together with Mantle Ecological Fund. The goal is to support founders and protocol technology partners in building and promoting the adoption of the Mantle Network in developers and DApps within the Mantle ecosystem, as well as incentivizing strategic risk partners to support and invest in the Mantle ecosystem.
Bitget updates July reserve proof, BTC reserve ratio reaches 454%
Bitget has released its eighth asset reserve proof (snapshot date 7-6 16:00 GMT+8), with BTC reserve ratio reaching 454%, USDT reserve ratio reaching 135%, ETH reserve ratio reaching 171%, and USDC reserve ratio reaching 2604%. User's BTC assets are 2311.23 coins, an increase of 7% compared to the previous snapshot on 6-8, with an additional 150.24 BTC coins; user's ETH assets are 11,200 coins, an increase of 9% compared to the previous snapshot, with an additional 955.47 ETH coins; user's USDT assets are 346 million coins, an increase of 4% compared to the previous snapshot, with an additional 13 million USDT coins.
In December 2022, Bitget will launch the reserve proof page. The reserve proof data will be updated monthly to ensure that customer funds have a reserve ratio of at least 1:1. At the same time, users can also verify their platform assets on GitHub through the open-source tool "Merklevalidator".
Worldcoin, a cryptocurrency company founded by OpenAI CEO Sam Altman, announced on its social media platform that Spain is now the largest Worldcoin operating market in Europe, with over 20,000 people registering for World ID every month.
Algorithmic stablecoin protocol Frax Finance has now been integrated into OKX Web3 wallet.
According to the official website of the algorithmic stablecoin protocol Frax Finance, Frax Finance has officially integrated with the OKX Web3 wallet, allowing users to connect their OKX Web3 wallet plugin to exchange stablecoins and stake on Frax Finance. Frax Finance is the first partially algorithmic stablecoin, minted with 1 USDC+FXS for every 1 USD. Similarly, burning 1 FRAX can obtain 1 USDC+FXS worth 1 USD.
It is understood that the OKX Web3 wallet is the most comprehensive heterogeneous multi-chain wallet, supporting 60+ public chains, with unified App, plugin, and web interfaces, covering wallet, DEX, yield farming, NFT market, and DApp exploration. It also supports Ordinals market, creating MPC wallets, exchanging Gas, iCloud/Google Drive backup of mnemonic phrases, custom networks, and connecting hardware wallets. In addition, the OKX Web3 wallet will soon support AA account abstraction.
Arkham launches on-chain intelligence trading platform Arkham Intel Exchange
Arkham has announced the launch of its on-chain intelligence trading platform, Arkham Intel Exchange. Users can anonymously buy and sell information on any blockchain wallet address owner through smart contracts. Buyers can request information from the community through bounties, and bounty hunters can earn rewards by submitting the requested information. Additionally, anyone with valuable information about a wallet or its owner can sell this information to other users through immediate purchase or auction. Arkham states that this creates a market for information liquidity, allowing on-chain investigators to monetize their work on a large scale.Coinbase CEO and 3 executives recently sold nearly $6.9 million worth of Coinbase stock
According to Dataroma data, Coinbase CEO Brian Armstrong and three other executives recently sold approximately $6.89 million worth of Coinbase stock, totaling 88,058 shares. Among them, CEO Brian Armstrong sold 74,325 shares, worth about $5.83 million; Chief Legal Officer Grewal Paul sold 1818 shares, worth about $140,000; Chief Accounting Officer Jones Jennifer N. sold 7335 shares, worth about $550,000; Director Rajaram Gokul sold 4580 shares, worth about $366,000.According to Be In Crypto, the Hong Kong Securities and Investment Institute (HKSII) is planning to train licensed cryptocurrency traders. HKSII Chairman Colin Shaftesley revealed that the institute will hold a series of training programs and seminars on virtual assets in the coming months. At the same time, two webinars on "How digital assets coexist in traditional financial IT architecture" and "Digital assets for investment portfolio management" have been scheduled on the HKSII calendar.
On June 1st, the new licensing system of the Hong Kong Virtual Asset Trading Platform (VATP) came into effect. On the same day, HKSII stated in its latest update on its website that it is closely collaborating with the Examination Committee and the Education and Development Committee.
In addition, HKSII has established a virtual asset working group to help develop corresponding CPT plans and exams to support market practitioners under the new licensing system. Detailed information on the upcoming exam and training plans will be announced soon. Many applicants for the new projects under the HKSII program are interested in the profession of cryptocurrency traders.
BlockBeats Note: Hong Kong financial practitioners must first pass the "Securities and Futures Practitioners Qualification Examination" (which has 14 exams) of the Hong Kong Securities and Investment Institute before engaging in regulated activities and licensed businesses listed in the "Securities and Futures Ordinance" (Chapter 571 of the Laws of Hong Kong).
Line Next will introduce Sega's game IP into its Web3 game
According to Venture Beat, Line Next, the US subsidiary of social application Line, centered around NFTs, has partnered with Japanese electronic gaming company Sega to create a Web3 game for blockchain gaming platform Game Dosi. Line Next has signed a memorandum of understanding to introduce a popular video game from Sega's portfolio into Game Dosi through IP licensing. Line Next will showcase this new game on the Game Dosi platform and support NFT creation, digital payments, and marketing activities as part of Line Next's plan to popularize Web3 games.
BlockBeats previously reported that on July 7th, Shuji Utsumi, the COO of Sega Holdings, stated that the company is currently cautious about Web3 and will not use its main game IP for blockchain games, and has suspended its own development of blockchain games. However, Sega will rely on third parties for Web3 game development and has stated that it will continue to invest in this field.
欧易 OKX 新一期结构化产品鲨鱼鳍（3 天）将于今晚 20:00 开放申购 Translation:
Ouyi OKX's new structured product "Shark Fin" (3 days) will open for subscription at 20:00 tonight.
According to official sources, the new structured product "Shark Fin" (3 days) of Ouke OKX will be open for subscription at 20:00 tonight. There are four optional targets, including bullish BTC, bearish BTC, bullish ETH, and bearish ETH. The product cycle is 3 days, and the investment currency is USDT. The minimum reference annualized rate is 3.5%. On the maturity date (this Friday) at 16:30, the principal and income will be transferred to the fund account.
It is reported that the subscription opening time for the "Shark Fin" (3 days) product of Ouke OKX is from 20:00 on Monday to 20:00 on Tuesday every week. Through the "Shark Fin" (3 days) product of Ouke OKX, investors can enjoy the basic annualized income while pursuing higher floating income, so that the principal is not affected by market fluctuations.
欧易 OKX 与 AC Capital 联合发行「Web3 Buidler」NFT，现已开放免费领取 Translation:
OKX and AC Capital jointly issued "Web3 Buidler" NFT, which is now available for free
According to official sources, the Buidlercon 2023 summit hosted by AC Capital will open in Hong Kong on July 26, 2023. The summit aims to promote communication among builders in the Non-Evm ecosystem, and explore the future development and market landscape of the Non-EVM field. To allow Buidler to deeply experience the charm of Non-EVM Web3.0, Ouyi OKX and AC Capital have jointly issued the "Web3 Buidler" NFT, which is now available for free.
According to reports, "Web3 Buidler" NFT holders will receive ticket vouchers for future AC Capital events, receive Ouke OKX and AC Capital merchandise on-site at the BuidlerCon 2023 event on July 26, enjoy priority questioning rights during Q&A sessions, and have the opportunity to negotiate cooperation with the Ouke OKX Web3 team and AC Capital.
Viewpoint
CZ: Binance team has become more united due to external pressure and FUD
The founder of the encrypted trading platform Binance, CZ, posted a short article on social media discussing the "secret to building a close-knit team." Factors such as "fancy team-building dinners, outings; coaching, mentors, or therapists; motivational speeches for leaders" may all be helpful in building a close-knit team, but over time they gradually fade away. A more effective secret may be some external pressure.
At the same time, CZ gave an example to illustrate that "Imagine if there were aliens 'visiting' Earth, all the problems between the United States and China would disappear immediately. Makes sense, right? In the movie "Black Hawk Down", when a veteran was asked why he always risked his life to participate in battles, his answer was roughly: it's not about honor or bravery, those things cease to exist when the first bullet flies over your head; it's just about... your comrades beside you."
The Binance team has always faced external pressure and FUD. However, the result is that the Binance team continues to fight together. This has also united the Binance community, making them/you more supportive of us. In turn, this has made Binance more determined to push its mission and increase financial freedom for people around the world. "Although external pressure has created a close-knit team internally, I also focus on external collaboration and communication to build trust relationships."
According to Decrypt, Ethereum founder Vitalik Buterin stated on Twitter Space that "if Bitcoin is to be more than just a payment method, it needs scaling solutions like Plasma or ZK Rollup. Both of these solutions have already been tested on Ethereum." He also mentioned that Optimism and Arbitrum are two successful Rollups that can serve as case studies for Bitcoin.
Aave founder: Will focus on DeFi payment use cases in the second half of the year
Aave founder Stani Kulechov posted on social media, "Let's focus on improving DeFi applications for payment scenarios for the rest of 2023. Transparent and decentralized stablecoins are very suitable for payment settlements. We just need to build better payment solutions than what currently exists."
BlockBeats News, according to sources cited by The New York Times, singer Taylor Swift and her team discussed a deal worth up to $100 million with FTX in early 2022, which may have included sponsorship of her tour. After more than six months of negotiations, Taylor Swift signed a sponsorship agreement with FTX, but ultimately SBF decided to withdraw from the agreement, two sources said, a decision that left Taylor Swift's team feeling disappointed and frustrated.
Earlier, on April 19, the plaintiff's lawyer in the FTX celebrity agent case said that Taylor Swift had failed to reach a $100 million endorsement deal with FTX because she was the only celebrity to ask FTX about the issue of whether cryptocurrency was an unregistered security.
Voyager reopens withdrawals, over $229 million in funds have been released
According to 21Shares researcher Tom Wan's statement on social media, over $229 million has been withdrawn from the Voyager cryptocurrency lending platform since it resumed withdrawals on June 23. Multiple wallets labeled as Voyager still hold $196 million worth of tokens, including $74 million in BTC, $52 million in ETH, 32 million USDC, $15 million in SHIB, and $7 million in VGX.
Previously, Voyager had opened its withdrawal service to customers for a month, and the platform controlled nearly $413 million in cryptocurrency assets the day before withdrawals were allowed last month.
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A phishing attack address received 10.2 million USDT from Multichain and exchanged it for 5434 ETH
According to Lookonchain monitoring, the address labeled as a phishing address, "Fake_Phishing183873", received 10.2 million USDT from the Multichain: anyUSDT token address 7 hours ago and exchanged it for 5434 ETH at an average price of approximately $1878.
The phishing attack address also received 67.76 WBTC (approximately $2.05 million) from the Multichain: anyWBTC token address yesterday.
jzchew.eth sold CryptoPunk #9476 for 217.5 ETH, previously purchased for 370 ETH
OpenSea data shows that jzchew.eth just sold CryptoPunk #9476 for a price of 217.5 ETH.
9 months ago, jzchew.eth purchased the NFT for a price of 370 ETH.
This week's unlocked data overview: Aptos will unlock over $30 million worth of APT
Token Unlocks data shows that 4 encryption projects will unlock tokens this week, with Aptos and ImmutableX unlocking amounts exceeding tens of millions of dollars.
At 8:00 on July 11th, Moonbeam will unlock approximately 9.68 million (about 2.3 million US dollars) GLMR, accounting for 1.44% of the total supply;
At 8:00 on July 12th, Aptos will unlock 4.54 million (about 32.44 million US dollars) APT, accounting for 2.16% of the total supply;
At 18:00 on July 15th, ImmutableX will unlock 18.08 million (about 12.72 million US dollars) IMX, accounting for 1.74% of the total supply;
At 8:00 on July 16th, Flow will unlock 7.29 million (about 4.4 million US dollars) FLOW, accounting for 0.7% of the total supply.
Ethereum Layer2 TVL falls to $9.46 billion, a 4.26% decrease in 7 days
According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 has fallen to $9.46 billion, with a 7-day decrease of 4.26%. The top five locked assets are:
- Arbitrum One ($5.72 billion, 7-day decrease of 3.47%);
- OP Mainnet ($2.13 billion, 7-day decrease of 5.54%);
- zkSync Era ($642 million, 7-day decrease of 11.11%);
- dYdX ($344 million, 7-day decrease of 0.32%);
- Immutable X ($96 million, 7-day decrease of 5.45%).
Bitcoin market share temporarily reported at 48.14%According to Coingecko data, Bitcoin's market dominance is currently at 48.14%, while Ethereum's market dominance is at 18.41%. The market share of the three stablecoins, USDT, USDC, and BUSD, is 6.85%, 2.26%, and 0.33%, respectively. The total market capitalization of cryptocurrencies on the entire network is currently reported at $1,215,012,815,530 USD, with a 24-hour decrease of 0.59%.
Data: USDC circulation decreased by approximately $1.1 billion in the past month
According to information on Circle's official website, as of July 6th, Circle issued a total of 800 million USDC and redeemed 1.3 billion USDC in the past week, resulting in a decrease in circulation of approximately 500 million USDC. In addition, the circulation of USDC decreased by approximately 1.1 billion USDC in the past 30 days, and its total circulation is currently about 27.5 billion, with reserve funds of 2.76 billion US dollars.Messari: 1inch Q2 trading volume decreased by 37% MoM, DAO treasury balance decreased by 10.8% MoM
Messari has released the Q2 2023 report for 1inch Network, which shows that the total transaction volume processed by 1inch Network exceeded $28 billion, a 37% decrease from Q1. The decrease is not only due to the decrease in transaction volume in Q2, but also due to the USDC decoupling event in March 2023, which caused the transaction volume in Q1 to inflate. Ethereum maintains its leading position in 1inch Network, accounting for 70% of the total aggregation volume in Q2.
The 1inch DAO treasury balance decreased by 10.8% compared to the previous quarter, to $16.3 million. 1INCH V2 attracted 184 million 1INCH staked, an increase of over 20% from the previous quarter.
Funding
Crust Network receives multi-million dollar investment from DWF Labs
数字赛车媒体网络 Veloce 通过代币认购获得 GEM Digital 5000 万美元投资
Translation:According to Forbes, digital racing media network Veloce has received a $50 million investment from GEM Digital through token subscription. The funding from GEM Digital will enable Veloce to acquire new assets and bring practicality to VEXT.
This investment is related to Veloce's launch of VEXT Web3 technology. Its purpose is to enhance the upcoming decentralized platform, achieve the second phase of media group development, and further promote its sustainable racing plan. The group hopes that this massive injection of funds will enable it to achieve its goals.
Regulation
According to News1, the Seoul Southern District Court held its first court hearing today for Daniel Shin, co-founder of Terraform Labs, and seven other former Terra employees.
As previously reported by BlockBeats, on March 30th, the Seoul Southern District Court began a detention review of Daniel Shin, co-founder of Terraform Labs and former CEO of Chai, at 10:30 local time.
The disclosure hearing of the bankruptcy reorganization plan of Celsius will be held on August 10th.
The Official Committee of Unsecured Creditors of Celsius has announced that a hearing to consider the Disclosure Statement for the Celsius bankruptcy reorganization plan will be held on August 10th. At that time, the court will determine whether the Disclosure Statement provides sufficient information to creditors to enable them to make an informed vote on the plan. The court will also determine whether the debtor is authorized to solicit votes on the plan and schedule a confirmation hearing. The debtor has requested that the confirmation hearing be scheduled for September 29th.
On July 17th, the debtor, creditor committee, borrower special group, and certain Earn creditors will mediate with Judge Wiles on the relative treatment of Earn and loans. The committee hopes that all parties can reach an agreement on how to fairly distribute the property value among creditors. On July 19th, the debtor, committee, and Fahrenheit consortium plan to discuss the plan via Twitter Space.
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