Web3 Daily | US court rules that XRP is not a security; Multichain founder confirmed to have been taken away by police.
Top News:
1. Twitter has launched a creator revenue sharing program, focusing on expanding monetization services for creators;
2. Celsius: The restructuring is not affected by the $4.7 billion settlement agreement with the US FTC;
3. Federal Reserve "hawk" Brad will resign on August 14th;
4. Fox News reporter: SEC responds to Ripple lawsuit ruling, satisfied with some of the court's decisions, but will still review the final decision;
5. BAYC#1734 sold for 600 ETH this morning;
Project Updates
追溯长跑三年的 Ripple 案，法院裁决是否具划时代意义？ Translation:
Retracing the three-year-long Ripple case, does the court ruling have epoch-making significance?
Judge Analisa Torres has made a ruling in favor of Ripple Labs at the US Securities and Exchange Commission, stating that XRP is not a security. According to the court's ruling, using XRP to invest in others, issuing grants with XRP, and transferring XRP to executives are not considered securities. Although the case has not been formally closed, the entire legal battle between Ripple and the SEC is a true reflection of the current cryptocurrency market in the United States.
可扩展区块链 MultiversX 推出链上双因素身份验证标准
Translation:Scalable blockchain MultiversX launches on-chain two-factor authentication standard
According to Cointelegraph, MultiversX, an expandable blockchain, has implemented a new two-factor authentication standard. This technology is now used as an additional transaction signature measure on the MultiversX blockchain protocol to increase network security. The feature uses Google Authenticator, Authy, Duo, Microsoft Authenticator, or biometric technology to provide a second signature before the transaction is processed on the chain.
Beniamin Mincu, CEO of MultiversX, stated that additional security should not come at the expense of user experience, but should aim to reduce friction in transaction signatures. [Original article]
Binance will perform wallet maintenance on BNB Beacon Chain (BEP2) on July 18th
Binance will begin wallet maintenance on BNB Beacon Chain (BEP2) at 15:00 on July 18, 2023 Beijing time, which will take approximately one hour. BEP2 token trading will not be affected during the wallet maintenance period, and deposits and withdrawals will be suspended from 14:55 on July 18. After the maintenance is completed, deposit and withdrawal services will be reopened.
Binance.US will list XRPAccording to official sources, Binance.US will list XRP and has already opened deposits. The XRP/USDT trading pair will be available starting at 9:00 AM Eastern Time on July 14th. [Original article link]
Celsius: No impact from the $4.7 billion settlement agreement with the US FTC
In addition, BitKeep will launch a large-scale airdrop activity for the Solana ecosystem aimed at Web3 users in the near future, providing a 10,000 USDC airdrop prize pool and exclusive Solana NFT rewards. BitKeep stated that it hopes to support and co-build Solana, and promote the development of the Web3 ecosystem through cooperation with the Solana Foundation and airdrop activities. [Original Link]
Hop Protocol has now integrated with Arbitrum Nova.
1. The worst macroeconomic contraction has passed, CPI has declined, and real interest rates are positive. It is possible to see a rate cut next year. 2. Starting with BlackRock's application for a Bitcoin ETF, institutions continue to accept cryptocurrencies as an asset class. 3. If the SEC cannot win the case against the token (XRP) that is most likely to be defined as a security, the possibility of other tokens being confirmed as securities will be greatly reduced. 4. Most short-term speculators have left, and except for some clear unlocking schedules, holders are unlikely to sell in the short term. 5. The market is severely under-allocated to non-BTC and ETH assets. There is a lot of work to be done. 6. Hong Kong's welcoming policy towards cryptocurrencies is real, which will open the door for Asian financial institutions to enter the cryptocurrency market in a legal way. [Original Link]
DATA
TokenInsight Q2 Report: BGB Continues to Lead Platform Coins, LEO and OKB Achieve Positive Returns
Tokeninsight released its Q2 2023 quarterly report on trading platforms yesterday. The data shows that among the trading platforms that have issued platform coins and are still in operation, Bitget's BGB had the highest price increase in Q2, reaching 22.6%. Bitfinex's LEO followed closely with a 15.4% increase, while OKB remained flat with a 7.1% increase, compared to BTC. [Original Link]
Sensor Tower: Threads traffic significantly declined, user retention time decreased by 50%
The general manager of marketing intelligence company Sensor Tower, Anthony Bartolasi, said on a financial program that since the release of Threads, user interaction has dropped significantly. Currently, the daily active users of Threads have decreased by about 20% compared to last Saturday, and the user retention time has decreased by 50%, from 20 minutes to 10 minutes. [Original article link]
「0x882E」A whale withdrew 7300 ETH from Binance, and has withdrawn a total of 64,000 ETH recently.
According to Lookonchain's monitoring, a whale address starting with "0x882E" withdrew 7300 ETH (approximately $14.6 million) from Binance 40 minutes ago.
Since June 8th, the whale has withdrawn a total of 64,000 ETH (approximately $128.8 million) from Binance and then pledged 48,928 ETH (approximately $97.8 million).
[Original Link]SOL, MATIC and other cryptocurrencies previously classified as securities by the SEC continued their gains from last night, according to OKX market data:
SOL rose 32.20% in the past 24 hours and is now priced at $28.94;
ADA rose 25.76% in the past 24 hours and is now priced at $0.3613;
MATIC rose 19.36% in the past 24 hours and is now priced at $0.8692;
SAND rose 14.59% in the past 24 hours and is now priced at $0.4831;
ATOM rose 10.78% in the past 24 hours and is now priced at $10.031;
FIL rose 10.76% in the past 24 hours and is now priced at $4.684.
BAYC#1734 sold for 600 ETH this morning
BAYC#1734 was sold for 600 ETH, approximately $1.21 million, on the NFT trading platform X2Y2 at 2:19 am this morning. [Original article]
Rollup.Finance independent user addresses exceeded 60,000.
The decentralized perpetual contract trading platform Rollup.Finance has surpassed 60,000 independent user addresses. According to its official website, the platform has reached 60,938 independent user addresses, with a total trading volume of over $21 million.
As of the time of writing, DefiLlama data shows that Rollup.Finance's TVL (total value locked) has reached $1.05 million, with a growth rate of 238% in the past month. It ranks 16th in the zkSync Era ecosystem and 3rd in the derivatives track.
This agreement has captured a cumulative total of over $50,000 in transaction fee revenue since its launch on zkSync Era on April 21. The current APR is 17.94%.
Rollup.Finance is a community-driven decentralized derivatives trading platform that was first launched on zkSync Era. It supports up to 1000x leverage trading and perpetual contract trading.
According to OKX market data, XLM (Stellar) has broken through $0.19 in the short term and is currently priced at $0.153, with a 24-hour increase of 60.62%.
XRP breaks through $0.9, with a 24-hour increase of 92.89%According to OKX market data, XRP has broken through $0.9 and is currently priced at $0.9085, with a 24-hour increase of 92.89%.
SOL, ADA, MATIC and other cryptocurrencies that were previously classified as securities by the SEC have recently experienced significant gains, possibly influenced by Ripple's victory in the XRP not being a security ruling.
According to OKX, SOL has risen by 16.75% in the past 24 hours and is currently priced at $25.92; ADA has risen by 14.77% in the past 24 hours and is currently priced at $0.33; MATIC has risen by 16.67% in the past 24 hours and is currently priced at $0.84; SAND has risen by 9.54% in the past 24 hours and is currently priced at $0.46; ATOM has risen by 6.27% in the past 24 hours and is currently priced at $9.63; FIL has risen by 6.29% in the past 24 hours and is currently priced at $4.54.
BlockBeats previously reported that according to market sources, Ripple won the judgment that XRP is not a security, and as a result, XRP rose more than 15% in the short term. In early June, the SEC's lawsuit against Binance mentioned that cryptocurrencies listed as securities include but are not limited to BNB, BUSD, and various other cryptocurrencies such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
Ethereum breaks $2,000, up 5% in 24 hours
OKX Ouyi Quotes shows that Ethereum has broken through 2000 USDT in the short term and is currently trading at 1987 USDT, with a 24-hour increase of 5%.
Funding
ConsenSys Mesh launches TachyonX accelerator program for Web3 founders
According to official sources, ConsenSys Mesh has announced the launch of the TachyonX accelerator program. TachyonX is a new program aimed at early-stage Web3 project founders. After applying and interviewing, Consensys Mesh will invest $150,000 in their project and receive 4% equity as well as the right to distribute internal tokens proportionally.
[Original Link]Regulation
美国地区法官确定 Celsius 前 CEO 保释金为 4000 万美元
Translation:A US regional judge has set the bail for the former CEO of Celsius at 40 million US dollars
According to CoinDesk, Alex Mashinsky, former CEO of Celsius, was arrested on Thursday on fraud charges and a US district judge set his bail at $40 million.
Court documents state that Alex Mashinsky refused to plead guilty to seven charges of misleading investors and manipulating the price of CEL token after his arrest. Under the agreement, Alex Mashinsky will be restricted from traveling and opening new bank or cryptocurrency accounts. His wife will sign a bond. The court will also use his financial claims on his New York City residence and bank accounts as collateral. [Original Link]
Fox News reporter: SEC responds to Ripple lawsuit ruling, satisfied with some of the court's decisions, but will still review the final decisionAccording to a tweet from a Fox News reporter, the SEC has responded to the court's ruling that XRP is not a security. The SEC stated that it is satisfied with some aspects of the ruling, but will still review the court's final decision. Here is the translation of the SEC's response: "We are satisfied with the court's ruling that Ripple provided and sold XRP tokens in violation of securities laws in certain circumstances. The court agrees with the SEC's view that the Howey test determines the securities analysis of cryptocurrency transactions, and rejects Ripple's self-created test for what constitutes an investment contract. Instead, the court emphasizes that the Howey test and subsequent cases have established that various tangible and intangible assets can be the subject of investment contracts."
Additionally, the court rejected Ripple's fair notice argument, stating that the Howey test is clear and claiming ignorance cannot be a defense against violating securities laws. We will continue to review the court's decision.
BlockBeats previously reported that Ripple won the judgment that XRP is not a security, causing XRP to briefly surpass $0.9 and a 24-hour increase of 92.89%. [Original Link]Federal Reserve "hawk" Brad will resign on August 14th
St. Louis Fed President Brad has resigned and will become the dean of the Purdue University School of Business. The St. Louis Fed said in a statement on Thursday that Brad will step down as president of the bank on Thursday and will leave the Federal Reserve completely on August 14 to become the dean of the Purdue University School of Business. (Jin10)
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