Web3 Daily｜Google Play allows developers to integrate digital assets such as NFT with applications and games; Polygon proposes to upgrade MATIC to POL
Selected News:
1. Financial Times: Europe's first Bitcoin ETF is expected to go public this month;
2. LTC short-term breakthrough $100, less than 20 days away from Litecoin block reward halving;
3. Google Play's new policy allows developers to integrate digital assets such as NFTs with applications and games;
Project Updates
Financial Times: Europe's first Bitcoin ETF is expected to go public this month
According to the Financial Times, the first Bitcoin ETF in Europe is expected to be publicly listed this month, 12 months later than planned.
Jacobi Asset Management initially announced that its Bitcoin ETF would be listed on the Amsterdam-based pan-European exchange in July 2022. However, the company now says the fund is "expected" to launch this month, as it believed last year was "not the right time" due to the LUNA crash in May 2022 and the bankruptcy restructuring of cryptocurrency exchange FTX in November.
[Original Link]派网 Pionex has completed the registration of a virtual asset service provider in Ireland.
Pionex, an Irish-based cryptocurrency trading platform, has completed registration with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). This allows Pionex to serve Irish users as a cryptocurrency exchange platform, following in the footsteps of Coinbase. Pionex is currently the world's largest AI trading robot cryptocurrency trading platform, having pioneered the cryptocurrency grid trading robot in 2018, and is committed to providing users with next-generation trading services.
欧易 OKX fully upgrades its iceberg strategy, adding multiple highlight features such as "order preference".
According to official sources, in order to improve user trading experience, Ouke OKX plans to launch a new iceberg strategy on July 13, 2023 at 4:30 PM (HKT), with multiple core upgrades such as order preference, single order quantity, and start conditions. After the launch, users can open the Ouke OKX APP, select the trading button at the bottom of the page, and click on the strategy to enter the strategy page. Click on "split large orders" under "create strategy" and select the iceberg strategy to enter the new OKX iceberg page. Alternatively, users can open the Ouke OKX official website, select "create strategy" under "strategy trading" in the drop-down menu under the navigation bar, and then select the iceberg strategy.FTX bankruptcy lawyer applies to court to recover $323 million from FTX Europe leadership
According to CoinDesk, the bankruptcy lawyer for FTX has filed an application with the bankruptcy court in Delaware, USA, requesting to recover $323 million from the leadership of FTX Europe. Previously, SBF and FTX paid a total of about $323.5 million to acquire Swiss company DAAG and renamed it FTX Europe. The lawyer claims that the company has limited business and no intellectual property other than the "business plan".
The lawyer claims that the leadership of FTX Europe received nearly $100 million in excess profit payments when it acquired K-DNA, an entity that had obtained an operating license in the European Economic Area and was subsequently merged into FTX Europe. The transaction cost only 2 million euros, but the total transaction amount exceeded $376 million, of which $52.5 million is outstanding debt. [Original Link]
GMX DAO has opened the "v2 fee allocation" proposal vote and plans to establish the GMX treasury.
The decentralized derivatives protocol GMX DAO has opened the "v2 fee allocation" proposal vote, which includes two options and will end on July 19th.
Option 1: Plan to allocate 10% of GMX protocol fees to the GMX treasury, 63% to liquidity providers in specific liquidity pools, and 27% to all GMX staking pools on the chain.
Option 2: Plan to maintain the existing v1 distribution method, which allocates 70% to liquidity providers in specific liquidity pools and 30% to all GMX staking pools on the chain. [Original article link]
BNB Beacon Chain will add block pause function in "Zhang Heng" upgrade
According to Cointelegraph, the BNB Beacon Chain will add a "panic" feature in the "Zhang Heng" hard fork upgrade, which can pause block production. This upgrade also includes fixes for rogue key attack errors and upgrades to the business logic processing capabilities of the upgraded chain.
As previously reported by BlockBeats, the BNB Beacon Chain will undergo the "Zhang Heng" upgrade at block height 328,088,888 (expected on July 19), which introduces BEP-255 and implements on-chain asset reconciliation on the beacon chain to improve security. [Original article]
LP Liquidity Management Protocol Arrakis Finance has now been integrated into OKX Web3 Wallet
According to the official website of Arrakis Finance, Arrakis Finance has officially integrated with OKX Web3 wallet. Users can connect the OKX Web3 wallet plugin to delegate liquidity management and share fee income on Arrakis Finance. Arrakis Finance is an Uniswap V3 LP automation management protocol launched by Gelato Network, an Ethereum smart contract automation execution tool, in June 2021. Users and project parties can directly provide liquidity on Arrakis Vaults to obtain ERC-20 LP tokens. Arrakis will inject liquidity into Uniswap V3 and use LP strategy management to optimize LP income.
LBank Labs announced investment in LunarCrush, a cryptocurrency investment decision-making platform.
According to official sources, LBank Labs has announced an investment in LunarCrush, a cryptocurrency and financial industry social media analysis platform founded in 2018. LunarCrush enables users to search, track, and actively participate in discussions on trending topics across all social media platforms.
It is reported that LBank Labs has been an early investor in LunarCrush since 2020 and has been providing support throughout the period. In this round of $5 million Series A funding, LBank Labs has also made additional investments, with Draper Round Table and INCE Capital leading the investment.
LSD stablecoin protocol Prisma Finance supports cbETH as collateral
The LSD stablecoin protocol Prisma Finance has supported cbETH as collateral. Users can obtain native over-collateralized stablecoin acUSD by pledging cbETH, and the cbETH pledge income can be used to repay the borrowed acUSD through a self-repayment mechanism, gradually reducing the liquidation ratio and balancing the borrowing and lending interest rates.
BlockBeats previously reported that Prisma Finance completed a round of financing in June, with no specific amount disclosed. Michael Egorov, the founder of Curve Finance, participated in the investment. [Original Link]
The latest data shows that Bitget's comprehensive reserve ratio has reached 223%. In the past 7 months, Bitget's comprehensive reserve ratio has consistently remained above 200%+. On July 11th, according to Coinmarketcap data, Bitget's reserves include 31 popular digital assets, with a total amount exceeding 1.44 billion US dollars. In December 2022, Bitget will launch a reserve proof page, and the reserve proof data will be updated monthly.
Gracy Chen, the Managing Director of Bitget, said, "We will always adhere to our commitment to global users and regularly publish reserve proof. Bitget is committed to setting higher standards in the global industry and advocating true transparency through the development of cryptocurrencies."
[Original Link]Polygon proposes upgrading MATIC token to POL
According to The Block, as part of the Polygon 2.0 roadmap, Ethereum scaling solution Polygon has proposed a technical upgrade to its native MATIC token. While awaiting community approval, MATIC will be converted to Polygon (POL), which aims to run across all Polygon protocols, including Proof of Stake (PoS), zkEVM, and SuperWarp. The overall goal of the upgrade is to ensure ecosystem scalability without compromising security. [Original Link]
FTX claims portal website is now back online
FTX claims portal website "claims.ftx.com" is now back online, providing FTX, FTX US, Blockfolio, FTX EU, FTX Japan, and Liquid users with access to account information, transaction history, and the ability to submit electronic claims proof.
It is reported that the deadline for customers to file claims has been set for 4:00 PM (Eastern Time) on September 29, 2023, and claims must be submitted before the deadline.
Uniswap: deployed on Avalanche network
The decentralized trading platform Uniswap has announced that it has "now been deployed to the Avalanche network, and users can directly trade various tokens on the Avalanche chain through Uniswap's front-end." [Original Link]
EigenLayer has increased the re-staking limits for stETH, rETH, and cbETH to 15,000 tokens.
EigenLayer, the Ethereum re-staking protocol, has announced that the liquidity re-staking limits for stETH, rETH, and cbETH have all been raised to 15,000 tokens.
Currently, the re-staking pools for stETH and rETH have reached their TVL limits, while cbETH still has around 1,091 tokens of space left.
[Original article link]Binance will add ARB/ETH, XVG/TUSD and other trading pairs at 16:00 on July 14th.
According to the official announcement, Binance will launch ARB/ETH, BCH/TRY, XVG/TRY, and XVG/TUSD trading pairs at 16:00 on July 14, 2023 (Beijing time). TRY is a legal currency code, not a digital currency code.According to the official announcement from Kava Network, Kava 14 mainnet has been launched.
As previously reported, the new version will serve as an internal cross-chain bridge connecting Cosmos to Ethereum dApps, allowing native Cosmos assets to be unlocked on KAVA EVM. [Original article link]
ParaSpace will launch version 2.0 to enhance decentralized liquidity
NFT lending protocol ParaSpace announced the upcoming release of version 2.0, the largest upgrade to ParaSpace to date, aimed at improving decentralized liquidity. The main features of the new version include: universal liquidity for anyone to access assets, and working with the community to create a new generation of lending forms. [Original Link]
UniSat Wallet has launched its NFT marketplace, with 25% of platform service fees being returned to creators.
According to the official announcement, UniSat Wallet has launched an NFT marketplace, supporting over 1500 existing NFT series, with a platform service fee of only 0.8%. UniSat stated that in the future, the service fees for BRC-20 and domain names will also be reduced to 0.8%.
In order to reward the creators of each series, UniSat has decided to allocate 25% of the service fees, namely 0.2%, to the creators. In addition, users who conduct at least one NFT transaction on UniSat Marketplace within the next 14 days will have the opportunity to participate in some early testing phases. UniSat is about to launch its first BRC-20 extension experiment. [Original Link]
Circle has "slightly reduced" its workforce and cut back on non-core activities
The stablecoin issuer Circle has announced that the company has made a small number of layoffs to maintain a "strong balance sheet." A Circle spokesperson said, "To maintain a strong balance sheet, Circle is doubling down on core business activities and execution. As a result, we have reduced or terminated investments in non-core activities and reduced operating expenses, including a small reduction in headcount. At the same time, we have identified new areas of investment and continue to hire in key focus areas globally." [Original Link]
Public blockchain Klaytn joins WEMIX 3.0 mainnet council
The Korean public chain Klaytn has joined the WEMIX 3.0 mainnet council under Wemade, a Korean game company (the council's partner number is WONDER 23). Klaytn will contribute its knowledge and experience in operating blockchain ecosystems to the development of the WEMIX 3.0 ecosystem, and the two teams will also collaborate on a series of initiatives, including governance. [Original Link]
Google Play product manager Joseph Mills wrote that Google Play is updating its policies to allow developers to integrate tokenized digital assets such as NFTs into their applications and games. Companies that decide to offer the ability to purchase, sell, or earn tokenized assets will be required to clearly indicate the presence of blockchain-based elements in their applications on the Play Console.
It is reported that the first test will be conducted in late summer, and the new policy will be fully launched later this year. [Original Link]
HIVE Blockchain has officially changed its name to HIVE Digital Technologies and shifted its focus to the AI field.
The original encryption mining company HIVE Blockchain has officially changed its name to HIVE Digital Technologies and shifted its focus to cloud computing technology and artificial intelligence (AI).
HIVE expects that with the continued development of the AI field, the demand for efficient and powerful GPUs will correspondingly increase. Executive Chairman Frank Holmes said they believe that the demand for GPU computing using Nvidia GPU cards is expected to bring high-profit business, with annual revenue expected to exceed $100 million. [Original Link]
Dapper Labs laid off 51 employees, claiming sufficient team funds and no need to sell tokens
Dapper Labs CEO Roham Gharegozlou posted on social media that Dapper Labs has laid off 51 people, including full-time employees and C1 contractors.
Roham stated that this restructuring has streamlined the business and Flow has also received separate funding support. The team has several years of cash reserves in the short term and does not need to sell tokens to fund operations. [Original Link]
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translates to
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Whale Alert: 1863 BTC transferred to Coinbase, worth about $56.45 million
According to the monitoring data of Whale Alert, 1863 BTC were transferred from an unknown wallet to Coinbase, worth about $56.45 million. [Original Link]
Data: 9825 bitcoins related to the dark web Silk Road have been distributed to 104 addresses
According to Spot On Chain monitoring data, 9825 bitcoins related to the dark web Silk Road were transferred by the US government 12 hours ago and further distributed to a total of 104 addresses. Among them, 101 addresses hold 79.2 bitcoins each, and the other three addresses hold 1118.7 bitcoins, 506.5 bitcoins, and 200.8 bitcoins, respectively. There is no further transfer action for the above bitcoins. [Original Link]
CoinGecko data shows that the total market value of BUSD has fallen below $4 billion, a decrease of over 76% since the beginning of 2023.
Previously, BUSD fell below $10 billion on March 3, 2023, below $9 billion on March 5, below $8 billion on March 28, below $7 billion on April 11, below $6 billion on May 4, and below $5 billion on June 7.
Messari: Solana Q2 revenue decreased by 15% QoQ, validator count decreased by 21.1% QoQ
Messari has released the Q2 2023 report for Solana, which shows a 15% decrease in revenue (total transaction fees paid in SOL) and a 21.1% decrease in validator count compared to the previous quarter. The total value locked (TVL) in USD has increased by 3.8%, while the NFT secondary market sales in USD have decreased by 41.5%. The number of independent buyers still exceeds the number of independent sellers, with a total of approximately 539,000 buyers and 524,000 sellers.
In addition, as of June 1st, the total number of Solana network developers has decreased from over 2,000 in 2022 to 1,475. [Original article]
COMP broke through $74 this morning, with a 24-hour increase of 4.08%.
SuperRare Spaces member ArtGee's cryptocurrency art transaction volume exceeds 50ETH.
According to official sources, the transaction volume of ArtGee's encrypted artwork (1of1Edition) in SuperRare Spaces has exceeded 50 ETH, with a total of 60 pieces of artwork sold. Collectors include Jonathan Little, SrikanthMinnam.eth, PabloPunkasso, UnchainedNinja.eth, collinnft.eth, Basileus, Kato OG, and others.
Previously, ArtGee had set a high auction price of $1.2 million and had successfully completed 215 collector transactions.
受代币升级消息影响，MATIC 短时涨超 5% Translation:
Affected by the token upgrade news, MATIC rose more than 5% in a short time.According to OKX market data, influenced by the token upgrade news, MATIC has a short-term increase of 5.74%, currently priced at $0.76.
Rodeo: Hacker attack caused losses of about $1.7 million, and $816,000 has been recovered
Arbitrum ecosystem leverage yield protocol Rodeo Finance released a post-hack report on July 11th, stating that hackers stole about $1.7 million from the Rodeo protocol due to price oracle manipulation, and currently about $816,000 has been recovered in the form of unshETH.
The team is currently working with security researchers and white hat personnel to investigate and analyze the vulnerability, and is offering a white hat bounty to the hacker for returning the stolen funds. They are also calling on the hacker to negotiate with the team to return the stolen funds. [Original article link]
LTC short-term breakthrough $100, less than 20 days away from Litecoin block reward halving
According to litecoinhalving data, the Litecoin (LTC) block reward halving is expected to occur on August 2, 2023, with less than 20 days remaining. At that time, the block reward will decrease from 12.5 LTC to 6.25 LTC.
According to OKX market data, LTC has broken through $100 in the short term, with a 24-hour increase of 3.28%. [Original article link]
Funding
OKX Ventures announced investment in Aark Digital, a chain-based derivative DEX built on Arbitrum.
According to official sources, OKX Ventures has announced an investment in Aark Digital, a chain-based derivative DEX based on Arbitrum. Aark is the next generation perp DEX in the style of GMX, designed specifically for professional traders and introducing features that other companies cannot provide.
Dora, the founder of OKX Ventures, said: "I am pleased to participate in the investment in Aark Digital. The Aark team is passionate about the derivative track, and their product innovation and mechanism design are commendable. They have reduced the risk for LPs and increased returns, and are committed to creating a new trading platform experience for professional traders."
Binance Labs has invested $15 million in Xterio, a blockchain gaming publisher.
Binance Labs has invested $15 million in blockchain game publisher Xterio to further drive game and technology development, including AI integration and token issuance. As part of a long-term strategic partnership, Binance Labs will support Xterio's development, and the Xterio token will be released on the BNB Chain ecosystem.
He Yi, co-founder of Binance and head of Binance Labs, said, "The expansion rate of the Xterio ecosystem is faster than ever before, linking free game types with AI-enhanced on-chain games. The Xterio core team brings together experienced Web2 professionals and Web3 expertise, and we look forward to working closely with them to provide gamers around the world with rich on-chain gaming experiences."
区块链网络 Artela 完成 600 万美元种子轮融资，Shima Capital 领投
Translation:Blockchain network Artela completes $6 million seed round financing, led by Shima Capital
According to Finbold, blockchain network Artela announced the completion of a $6 million seed round of financing, led by Shima Capital, with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others.
Artela has an extension layer that allows for the addition of a user-defined local extension called Aspect, which enhances programmability while ensuring compatibility with existing smart contracts. Artela plans to release the Aspect white paper later this year and launch an initial testnet. [Original article]
Based on the Nostr protocol, the social application Primal has announced the completion of a $1 million seed round of financing, with participation from Ten31 and Hivemind Ventures.
Primal's social application suite combines a Twitter-like interface with the open-source Nostr protocol. It is reported that the Nostr protocol has attracted more than 30 million users and is still growing. [Original link]
Regulation
DeFi platform Digitex founder ordered to pay $16 million to settle CFTC lawsuit
The U.S. Commodity Futures Trading Commission (CFTC) stated in a statement on Wednesday that a federal court has ordered Adam Todd, the founder of the cryptocurrency trading platform Digitex, to pay nearly $16 million to settle charges of operating an illegal platform and attempting to manipulate its native token DGTX.
This is the first case of the CFTC accusing a decentralized finance (DeFi) platform of failing to register as a trading platform. A judge in the Southern District of Florida believes that Todd violated several commodity laws while operating the Digitex futures trading platform in Florida, and ordered him to stop trading in markets regulated by the CFTC. Todd faces a fine of $12 million and approximately $4 million in restitution, but it is currently unclear whether Todd or the company has the ability to repay customers. [Original Link]
According to the report from the Korean Economic Daily, the Financial Services Commission of South Korea will submit revised versions of the Electronic Securities Act and the Capital Market Act to the National Assembly this month to institutionalize security token offerings.
The expected legislation will reflect the "Regulatory System Improvement Plan for Security Token Offerings" released by the Financial Services Commission in February of this year. The plan includes amendments to the Electronic Securities Act and the Capital Market Act to allow for the issuance of security tokens, as well as the establishment of new account management institutions for issuance and circulation, and over-the-counter trading intermediaries. [Original article]
The Blockchain Association has sent a letter to the Office of the Inspector General (OIG) of the US Securities and Exchange Commission (SEC), calling for an investigation into the SEC's approval of Prometheum Ember Capital (Prometheum) as the first Special Purpose Broker-Dealer (SPBD). The letter notes that Aaron Kaplan, Co-CEO of Prometheum, may have engaged in potential misconduct during his testimony before the US House Financial Services Committee.
The blockchain association expressed concerns that SEC may give Prometheum special treatment in order to support its policy goals, or that Prometheum may use personal relationships with SEC to gain unfair advantages in the market. The blockchain association is particularly concerned about the pressure SEC may put on the Financial Industry Regulatory Authority (FINRA) to approve Prometheum's SPBD license. [Original Link]
The Digital Assets Initiative Project Office (DAIPO) of the US Internal Revenue Service (IRS) has recently issued a Request for Information (RFI), seeking cooperation and assistance from the cryptocurrency industry to improve cryptocurrency tax compliance.
According to the RFI, the IRS hopes that industry partners and other parties can provide solutions and product ideas to help the agency improve its pricing and market data capabilities.
They seek cooperation and information from all parties, focusing primarily on solutions that can improve efficiency, including identifying digital asset trading and trading patterns, batch data analysis, calculating the tax consequences of digital asset activities, and evaluating and analyzing digital asset transactions.
Currently, the US Internal Revenue Service uses some public resources to obtain digital asset prices, such as CoinMarketCap and Investing.com, but is looking for other suppliers that can provide pricing data at hourly, minute, and second levels. [Original article link]
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