Web3 Daily | Ethereum EthCC officially opens in Paris; Lens Protocol releases V2 version.
Top News:
1. Dune CEO has issued a personal letter of apology and explanation to the internal staff;
2. Lens Protocol officially released version 2;
3. BuidlerDAO has confirmed the first version of the whitepaper;
4. Fantom Foundation: Currently in contact with Circle and Tether to explore potential uses for frozen funds;
5. Due to the application of traditional financial giants for ETF, the trading volume of GBTC reached a new high for the year on July 13th.
Project Updates
Ethereum EthCC has officially opened in Paris
The Ethereum Community Conference (EthCC) 6 has officially opened in Paris, France. The conference will last for 4 days and will feature multiple gatherings, group discussions, and parties. The keynote speaker for the opening ceremony is Jerome De Tychey (Ethereum France). The first day of EthCC includes 12 lectures covering various fields such as blockchain economics, DeFi, and security. [Original Link]
Lens Protocol officially releases V2 version
Web3 social protocol Lens Protocol officially released version 2 during the EthCC conference in Paris, with "open and composable, benefit sharing, trust and security" as the main focus. Users can now directly execute external smart contract operations in Lens publications, and Lens V2 has added the ability to interact with smart contracts within social media.
Related reading: "Social leader Lens launches V2 version, overview of five new features"Gnosis Chain has announced the release of its decentralized payment network, Gnosis Pay, and self-custodial debit card, Gnosis Card, during the EthCC conference in Paris on Ethereum.
Gnosis Pay, built on Gnosis Chain, enables Web3 developers to integrate various traditional payment methods, including Visa, allowing users to spend their encrypted assets directly from their wallets at any location that accepts Visa. Gnosis Card is a self-custodial consumer debit card certified by Visa, requiring KYC authentication, built on the decentralized payment network of Gnosis Pay, and directly linked to on-chain wallets, supporting various offline and online card swiping transactions, with each transaction processed through smart contracts.
[Original article link]Recently, BuidlerDAO has passed the "BIP-001: Genesis Proposal" and "BIP-002: First Guardian Election Proposal" to confirm the first version of the white paper, formally establish the treasury and multi-signature (to be held by 5 sword bearers), elect the Head of the Guild and Guardians. Its white paper is based on the three principles of incentive compatibility, effective governance, and long-termism, defining the organizational structure of the Guild + Guardians, hierarchical decision-making mechanism, and establishing a contribution incentive system combining reputation tokens (BRP) and stablecoins. [Original Link]
以太坊铭文协议 Ethscriptions 遭遇攻击，约 123 个地址损失约 202 枚 Ethscriptions
Translation:The creator of the Ethereum inscription protocol Ethscriptions, Middlemarch, recently stated that Ethscriptions was attacked and about 123 addresses lost approximately 202 Ethscriptions in this vulnerability. The vulnerability is not in the Ethscriptions protocol itself, but in a specific smart contract, and the protocol itself and other applications running on it have not been affected.
The reason for the vulnerability is that the contract cannot access the state of Ethscription, and the contract itself cannot know who owns a certain Ethscription. Users may pay for a non-existent Ethscriptions. The most direct way to avoid this kind of exploitation is to require trusted third parties to confirm which deposits are valid. However, in this case, the person holding the private key that can confirm which deposits are valid is a single point of failure. The team wants to write a reference implementation to allow the protocol itself to confirm.
[Original Link]Fantom Foundation: Contacting Circle and Tether to explore potential uses for frozen funds
The Fantom Foundation responded to the Multichain incident on Telegram, stating that "the team is in contact with Circle and Tether to see if anything can be done with the frozen funds. We cannot make any promises and may not be able to do anything at all. We are also trying to better understand what happened and the situation with Multichain." Earlier, the Fantom Foundation announced that over 60 million USDC and over 2 million USDT had been frozen, and these assets were related to Multichain.Pudgy Penguins launches OTC trading solution Pudgy Swap
Pudgy Penguins has announced the launch of its OTC trading solution, Pudgy Swap, which allows users to directly exchange and trade Pudgy Penguins with others.
The OTC solution is supported by Flip.xyz and features a 0% fee and 0% tax policy. [Original article link]
ConsenSys held talks with potential investors and stated that it has "sufficient cash."
According to The Block, ConsenSys, the parent company of MetaMask, recently held talks with potential investors, but a company spokesperson stated that they do not need funding and are not formally fundraising. ConsenSys has recently bought back its own shares on the secondary market, believing that its stock is severely undervalued.
As previously reported by BlockBeats, on March 15, 2022, ConsenSys, an Ethereum infrastructure development company, completed a $450 million Series D financing round with a valuation of $7 billion. The round was led by ParaFi Capital, with participation from Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, C Ventures, Third Point, Marshall Wace, TRUE Capital Management, and UTA VC. [Original article]
Web3 identity system Gitcoin Passport now integrated with OKX Web3 wallet
According to the Gitcoin Passport official website, Gitcoin Passport has officially integrated with the OKX Web3 wallet. Users can connect the OKX Web3 wallet plugin to perform Web3 identity verification on Gitcoin Passport. Gitcoin Passport is a Web3 identity verification aggregator launched in Gitcoin2.0 to prevent witch attacks. It can collect verifiable credentials to prove user identity and credibility while protecting user privacy. [Original Link]
Mantle Network officially launches mainnet Alpha version
The Ethereum Layer2 network Mantle Network officially launched its mainnet Alpha version at the Ethereum Community Conference (EthCC) in Paris. The network has undergone six months of development and testing, during which it processed over 14 million on-chain transactions. [Original article link]
去中心化交易平台 Trader Joe 现在已接入 OKX Web3 钱包 Translation:
Decentralized trading platform Trader Joe has now integrated with OKX Web3 wallet.
According to the Trader Joe website, Trader Joe has officially integrated with the OKX Web3 wallet. Users can connect their OKX Web3 wallet plugin to Trader Joe to exchange tokens, borrow and lend, trade NFTs, and participate in staking and mining. Trader Joe is a one-stop decentralized trading platform built on Avalanche, with its native token being JOE. [Original article link]
zkSync Era announced the launch of a new proof system upgrade, Boojum, which will assist the network in transitioning to a STARK-supported proof system. The team stated that Boojum is an important step towards decentralization as the Boojum prover only requires 16 GB RAM. In addition, Boojum will also provide performance enhancements to the zkSync Era sequencer. [Original Link]
Binance Launchpad has opened the investment channel for Arkham (ARKM).
According to the official announcement, Binance opened the Arkham (ARKM) deposit channel on July 17th at 14:00 (GMT+8). This Launchpad adopts a deposit model based on the user's 6-day average daily BNB holdings. The deposit period for this round is 24 hours. After the deposit period ends, Binance Innovation Zone will list Arkham (ARKM) on July 18th at 20:00 (GMT+8), and open trading markets for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY.Binance has issued a notice stating that due to the high volatility during the launch of Launchpad tokens, in order to protect users, Binance will implement a limit order mechanism within the first five minutes of trading. During this period, the maximum price increase limit will be set at ten times the public offering price (for example, for ARKM, the maximum price increase limit will be set at ten times 0.05 USD, which is 0.5 USD). The limit order mechanism will be lifted after five minutes, and trading will proceed normally according to market conditions. Please note that this limit order mechanism is a trial method and will only be implemented for the ARKM project initially, and does not represent that this mechanism will be applied to all Launchpad projects in the future.
Viewpoint
Due to the launch of the encryption intelligent analysis platform Arkham on Binance IEO, the topic of whether Nansen and DUNE and other encryption tools will issue coins in the future has attracted much attention from the community. On July 14, 2023, the official Twitter account of Dune released the NFT series "Dune Airdump" to mock the behavior of distributing airdrops. This move has sparked heated discussions in the community and has been criticized by many. Fredrik Haga, founder and CEO of Dune Analytics (now Dune), issued a personal letter of apology to the team and explained the situation.
神鱼：数月前发现 Argent 插件钱包在某边缘条件下会上传用户助记词，已通知官方
Translation:The Shenyu team stated on their social media platform that a few months ago they discovered that a certain version of the Argent plugin wallet would upload user mnemonic phrases under certain edge conditions. They have already notified the official and it should have been fixed by now. [Original Link]
Zhu Su shared a list of attention-grabbing altcoins, including MKR, COMP, OX, etc.
Founder of Three Arrows Capital, Zhu Su, shared on social media the altcoins worth paying attention to in this cycle and gave reasons for his recommendations, including DeFi, DeFi/CeFi, and Memecoins.
The DeFi sector includes: MKR (on-chain yield of RWA), SNX (UI&UX enhancement update), COMP (continuously building through bear market), AAVE (surviving multiple risk management experiments);
The DeFi/CeFi sector includes: RLB (cryptocurrency on-chain casino), OX (native token of Open Exchange, a cryptocurrency claims and trading platform);
The Memecoins sector includes: PEPE (the next "Shib"), BITCOIN (concepts such as Harry Potter, Obama, Sonic). [Original Link]
CZ: Binance withdrawal system experienced a brief issue, now resolved
The founder of the encrypted trading platform Binance, CZ, posted that "Binance's withdrawal system had technical issues just now, and the malfunction lasted for about 10 minutes. It has now been fixed, so there is no need to worry." [Original Link]
徐明星：所有未完全合规的中心化平台都将面临高风险，Multichain 是最新案例
Translation:Xu Mingxing stated on social media that in the current industry environment, all centralized trading platforms and cross-chain bridges that do not fully comply with KYC, AML and other regulatory controls will face high risks in any jurisdiction. Multichain is the latest example, please protect your personal encrypted assets.
Xu Mingxing also added that the OKX CEX team has been building its compliance infrastructure in accordance with global standards before this, and will continue to do so. [Original Link]
Haun Ventures CEO: It is unlikely that the US SEC will immediately respond to Ripple's appeal.
Haun Ventures CEO Katie Haun stated on social media that the US SEC is unlikely to immediately respond to Ripple's appeal, as the SEC could benefit from the "current chaos," and losing the case could jeopardize its future enforcement actions. Katie Haun doubts whether the SEC really wants legal clarity. [Original link]
According to sources, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) are expected to release a comprehensive report on cryptocurrencies before the G20 Leaders' Summit in September.
zkSync responds to community concerns and updates the selection details for the NFT airdrop address. zkSync states that the eligibility criteria for the NFT airdrop address is to have interacted with at least one of the top 100 zkSync NFT collections, and then select 10,000 addresses based on this. However, due to sorting reasons, most of the addresses in the first batch start with "0x0". zkSync admits that using the word "random" to describe the initial distribution batch was inaccurate and apologizes for the confusion.
In addition, zkSync will restart the distribution of the LIBERTAS OMNIBUS project in the coming days and weeks, and test IRL coin casting at EthCC Paris this week. [Original article link]
数据
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Data
in English.
受传统金融巨头申请 ETF 影响，GBTC 交易量于 7 月 13 日创年内新高
Translation:Due to the influence of multiple traditional financial giants applying for ETFs, the daily trading volume of GBTC from Grayscale continues to soar, reaching a new high of $183 million on July 13th. (The Block) [Original article]
Bitcoin falls below $30,000, with a 24-hour drop of 1.04%
According to OKX market data, Bitcoin has fallen below $30,000 and is currently priced at $29,987, with a 24-hour decline of 1.04%.ETH short-term falls below $1900, 24-hour decline of 1.58%
According to OKX market data, ETH has fallen below $1900 in the short term, with a current price of $1900.8 and a 24-hour decline of 1.58%.According to Lookonchain's monitoring, the whale address starting with 0xFC9 withdrew 744,762 RNDR (approximately $1.47 million) and 1.02 million MATIC (approximately $793,000) from Binance two hours ago.
It is reported that the address has suffered a total loss of about $2.8 million in the past ten transactions. Currently, it still holds 2.65 million RNDR (approximately $5.24 million) and 9.77 million FET (approximately $2.38 million).
[Original Link]Aave native stablecoin GHO's circulation exceeded 2 million within two days of launch
According to Etherscan data, the issuance of Aave's native stablecoin GHO has exceeded 2 million in just two days since its launch, reaching 2,229,928 as of now. [Original Link]
Data: A certain 1inch investor transferred 7 million 1INCH to Binance
According to Lookonchain's monitoring, after the price of 1INCH rose, 1INCH investors have just transferred 7 million 1INCH (about 3.88 million US dollars) to Binance. [Original article link]
无预言机借贷协议 Ajna 上线四日 TVL 已达 446 万美元 Translation:
Non-Oracle lending agreement Ajna has been online for four days and TVL has reached 4.46 million US dollarsAccording to DeFiLlama data, the total value locked (TVL) of Ajna, a non-oracle lending protocol, has reached $4.46 million since its launch on July 13th. Ajna is a peer-to-peer, non-oracle, permissionless lending protocol with no governance mechanism, and accepts tokens and NFTs as collateral.
Ethereum Layer2 TVL returns to over 10 billion US dollars, with a 7-day increase of 8.02%According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 has returned to over $10 billion, with a 7-day increase of 8.02%. The top five locked assets are: 1. Arbitrum One ($6.11 billion, 7-day increase of 7.41%) 2. OP Mainnet ($2.43 billion, 7-day increase of 15.85%) 3. zkSync Era ($578 million, 7-day decrease of 9.83%) 4. dYdX ($354 million, 7-day increase of 3%) 5. Immutable X ($105 million, 7-day increase of 10.85%)
According to on-chain analyst Yu Jin's monitoring, since November 2022, MakerDAO co-founder Rune has been selling LDO to repurchase MKR. Currently, the two addresses hold a total of 123,893 MKR (worth about $122 million), accounting for 12.6% of the total circulation of MKR (977,631 MKR).
As of April 2023, Rune has sold a total of 13.57 million LDO (worth about $26.14 million) at an average selling price of $1.92. From November 2022 to July 2023, Rune has bought a total of 32,637 MKR (worth about $23.95 million) at an average buying price of $734. All the funds for repurchasing MKR come from the sale of LDO. [Original Link]
Chain game Sui 8192 "assists" Sui to break through 20 million daily transactions
According to Cointelegraph, the daily transaction volume of Sui's blockchain game "Sui 8192" has soared, and analytics provider Artemis recently posted an article on social media claiming that the game has helped Sui Network surpass Solana in terms of daily transactions.
Artemis data shows that Sui Network's daily transaction volume recently exceeded 20 million, surpassing Solana's 16 million. However, the company admits that it used different methods to calculate Sui Network's daily transaction volume.
Similar to the popular web puzzle game "2048" in 2014, "Sui 8192" is a sliding block game where players use directional keys to move and combine blocks until they reach a block worth 8192. [Original article link]
NFT project Checks founder Jack Butcher announced the launch of a new NFT "Open Threadition" on ZORA NETWORK, with a unit price of 0.001 ETH and a total minting volume of over 23,000. Butcher stated that all proceeds from the NFT will go to the crypto artist Michael Jerome (ThreadGuy).
This NFT belongs to the Open Edition NFT, which allows users to mint an unlimited amount of copies. The appearance of the works obtained is no different except for the edition number.
According to Lookonchain's monitoring, in the past two days, three whale addresses have withdrawn approximately 3.76 million ARB (equivalent to $5 million USD) from Binance. These addresses are:
- The whale address starting with "0x8506" withdrew 2.17 million ARB (equivalent to $2.88 million USD) from Binance 30 minutes ago. This address currently holds a total of 2.6 million ARB (equivalent to $3.5 million USD).
- The whale address starting with "0x8c50" withdrew 814,598 ARB (equivalent to $1.08 million USD) from Binance yesterday.
- The whale address starting with "0x86ae" withdrew 772,547 ARB (equivalent to $1.03 million USD) from Binance 14 hours ago and provided liquidity on Uniswap. [Original article link]
1INCH breaks through $0.5, Upbit's 24-hour trading volume exceeds $280 million
According to CoinGecko market data, 1INCH has surged above $0.5 and is currently trading at $0.5264, with a 24-hour increase of 41.5%. In addition, 1INCH/KRW has surpassed $280 million in trading volume on Upbit in the past 24 hours, making it the second largest trading pair, second only to XRP/KRW.0xC61 Whale has accumulated 15,800 ETH for staking from Binance since June 24th
According to Lookonchain's monitoring, the whale address starting with 0xC61 has cumulatively withdrawn 15,800 ETH (approximately $30.7 million) from Binance and staked it since June 24th. [Original article link]
SUSHI surges to touch $0.8, with a 24-hour increase of over 18%According to OKX market data, SUSHI has risen to touch $0.8 and is currently priced at $0.796, with a 24-hour increase of over 18%.
According to Lookonchain's monitoring, Celsius has started selling counterfeit coins, including 1.27 million LINK ($8.5 million), 2.83 million SNX ($7.84 million), 12,597 BNB ($3 million), 4.45 million 1INCH ($2.26 million), 8.53 million ZRX ($1.9 million), and 439,000 FTT ($713,000) transferred to FalconX; 186,149 BONE ($235,000) was deposited into Ouke OKX. [Original Link]
According to data from App intelligence company data.ai, as of July 14th, Threads' global weekly active users have reached 20% of Twitter's, and the application has now achieved over 150 million downloads.
In terms of global downloads, India is in the lead, accounting for 33% of global downloads. Next are Brazil (22%), the United States (16%), and finally Mexico and Japan, at 8% and 5% respectively. Due to regulatory reasons, Threads is currently not available in the European Union. [Original article link]
Data: CME Bitcoin futures open interest hits 19-month high
According to The Block data, the open interest of Bitcoin futures contracts on CME was $2.68 billion, reaching a new high in 19 months (since January 2022). The data shows that the historical high of open interest in CME Bitcoin futures contracts was $4.3 billion in November 2021. [Original article link]zkSync Era network TVL drops to $576 million, a decrease of over 10% in 7 days
According to L2BEAT data, the TVL of zkSync Era network has dropped against the trend to $576 million, with a 10.3% decrease in the past 7 days.
In addition, the total TVL of Ethereum Layer2 has returned to above $10 billion after nearly 3 months, now at $10.12 billion, with a 6.77% increase in the past 7 days. [Original Link]
Worldcoin: Over 40,000 people register and authenticate World ID on average every week
Worldcoin, a cryptocurrency company founded by Sam Altman, CEO of OpenAI, tweeted that over 40,000 people on average register and authenticate their World ID every week. [Original Link]
美图：所持加密资产价格上涨导致 H1 扭亏为盈，自 2021 年 4 月后并无任何增持或抛售行为
Translation:Meitu Inc. announced that it is expected to turn a profit in the first half of the year, with a net profit between RMB 220 million and RMB 265 million.
The report stated that the main reason for the expected profit is that as of June 30, 2023, the market price of purchased cryptocurrencies was higher than the market price on December 31, 2022, resulting in a reversal of impairment losses of approximately RMB 185 million. Since purchasing cryptocurrencies in March and April 2021, the company has not purchased or sold any cryptocurrencies based on its investment plan. [Original article link]
This week's unlocked data overview: APE and AXS will see large unlocks
Token Unlocks data shows that 8 crypto projects will undergo token unlocks this week, including APE worth approximately $31.67 million and AXS worth approximately $21.62 million.
On July 17th at 8:00, ApeCoin unlocked 15.6 million APE (approximately 31.67 million USD), accounting for 1.56% of the total supply.
On July 18th at 8:00, Arkham will unlock 150 million ARKM, accounting for 15% of the total supply;
On July 18th at 23:47, X2Y2 will unlock 37.5 million X2Y2 tokens (approximately $970,000), accounting for 3.75% of the total supply;
On July 19th at 22:22, Euler will unlock 154,380 EUL (approximately $370,000 USD), accounting for 0.568% of the total supply.
On July 20th at 8:00, 1inch will unlock 364,290 1INCH tokens (approximately $150,000), accounting for approximately 0.024% of the total supply.
On July 22 at 8:00, SPACE ID will unlock 15.15 million ID tokens (approximately $4.06 million), accounting for 0.758% of the total supply;
On July 22nd at 21:10, Axie Infinity will unlock 3.43 million AXS (approximately $21.62 million), accounting for 1.27% of the total supply.
On July 23 at 12:00, Cartesi will unlock 1.54 million CTSI (approximately $240,000), accounting for 0.154% of the total supply. [Original article link]
Funding
According to Cointime, Echooo Wallet, an account abstraction cryptocurrency wallet, has completed a $15 million funding round at a valuation of $100 million. Skyview Capital, A&T Capital, and others participated in this round of funding.
Echooo Wallet will launch a "limited-time free account abstraction wallet giveaway" on July 17 at 22:00.
BlockBeats Note: Account Abstraction aims to reduce complexity and improve efficiency by omitting unnecessary details in the Ethereum account system, eliminating the need for EOA and special treatment of smart contract wallets. It also allows for dual-factor authentication, signing transactions on mobile phones using fingerprints or facial scans, and setting monthly spending limits for accounts, among other features.
Regulation
巴西央行：巴西 CBDC 将允许当局冻结账户并扣押资产 Translation:
Brazilian Central Bank: Brazilian CBDC will allow authorities to freeze accounts and seize assets
The Central Bank of Brazil has confirmed that it plans to retain the ability for monetary authorities and authorized entities to freeze user accounts, reduce target address balances, confiscate, and mint new units of digital currency in the Real Digital code of CBDC.
The Brazilian central bank stated that these functions will be retained because the platform needs to be adjusted according to Brazilian legislation and judicial regulations, and the ability of the Brazilian National Financial System SFN to "freeze or seize value" is protected by current Brazilian legislation. (Portal Do Bitcoin) [Original link]
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