Web3 Daily | Arkham airdrop is now open for application; Shanxi police cracked down on a money laundering case involving USDT cryptocurrency, involving 380 million yuan.
Selected News:
1. There are already 14,041 addresses that have received the ARKM airdrop, with an average of 819 tokens per address.
2. Shanxi police cracked a money laundering case using virtual currency USDT, involving more than 380 million yuan;
3. The US House Financial Services Committee will vote on cryptocurrency and stablecoin legislation on July 26th.
4. SUI rose more than 13% in 24 hours, possibly due to the official unlocking time being clarified;
5. The LootBot token LOOT has surged to over 0.9 USD in a short period of time, with a 24-hour increase of 247%.
Project Updates
Paradigm appoints new government relations lead to promote clear cryptocurrency regulatory policies
Paradigm has appointed Alexander Grieve as its new government relations lead. According to reports, Grieve has over a decade of experience in Washington politics and financial policy, and has experience lobbying for cryptocurrencies during his time at Tiger Hill Partners. Paradigm stated that Grieve's addition will push for clearer regulation from the government. (The Block) [Original Link]
Pudgy Penguin #7705 sold for 69ETH
According to the information on the OpenSea page, Pudgy Penguin #7705 was sold for 69 ETH, which is approximately $130,000. Based on ETH, this makes it the fifth highest NFT transaction in the Pudgy Penguin series. [Original article link]Based on zkEVM, Satori, a derivative trading platform, announced on its social media platform that it will compensate users who suffered from abnormal price liquidation last week. Previously, according to community feedback, the ETH/USD trading pair on the Satori platform may have experienced abnormal prices due to liquidity issues, leading to user liquidation. [Original Link]
Hooked Protocol has been deployed to opBNB.
According to official sources, the Web3 social network Hooked Protocol has been deployed to opBNB (a Layer 2 network based on the OP Stack of the BNB Chain), which will create a more open ecosystem and enhance user experience, as well as promote collaboration within the BNB ecosystem and drive the mass adoption of Web3. opBNB is a Layer 2 network based on the OP Stack of the BNB Chain. [Original Link]
According to CoinDesk, bankrupt cryptocurrency lending company Celsius Network and its creditors have reached a settlement agreement with B-round financing shareholders, which will distribute the $25 million proceeds from the sale of its self-custody platform GK8 to shareholders, with $24 million used to pay legal fees and $1 million distributed internally within the group. As previously reported by BlockBeats, Galaxy Digital completed the acquisition of GK8 for $44 million, and GK8 solution services will continue to be provided to the market, while Galaxy will integrate the technology into its upcoming cryptocurrency brokerage platform GalaxyOne. [Original article link]
Taiko: Alpha-4 testnet has been launched
Based on zkRollup, Taiko, an Ethereum Layer2 network, announced that its alpha-4 testnet has been launched to test new stake-based validator economics and deploy Taiko as the initial layer of L3. [Original Link]
Ribbon Finance has initiated a proposal to merge with Aevo and voting has begun.
According to official sources, the proposal for the integration of Ribbon Finance, a structured product on the chain, into Aevo has opened for voting on Snapshot, with a voting deadline of 15:30 on July 25. As previously reported by BlockBeats, Ribbon announced a new governance proposal to merge Ribbon Finance into its derivative trading platform, Aevo, and to designate Aevo as the sole brand name. In addition, Ribbon plans to abolish the original token RBN and launch a new token AEVO. In the future, Ribbon's products will be combined into Aevo's structured product suite, and the original RBN and veRBN tokens will be exchanged for AEVO at a ratio of 1:1. [Original Link]
Binance will support Harmony (ONE) and IoTeX (IOTX) network upgrades and hard forks.
According to the official announcement, Binance will support the network upgrade and hard fork of Harmony (ONE) and IoTeX (IOTX). Harmony (ONE) will undergo a network upgrade and hard fork at block height 44,630,016, which is approximately 13:51 on July 20th Beijing time. Deposits and withdrawals of ONE will be suspended at 13:00 on July 20th Beijing time. IoTeX (IOTX) will undergo a network upgrade and hard fork at block height 24,838,201, which is approximately 7:00 on July 21st Beijing time. Deposits and withdrawals of IOTX will be suspended at 6:00 on July 21st Beijing time.
According to official sources, Shinhan Bank has completed a proof-of-concept (PoC) pilot for stablecoin remittances based on the open-source proof-of-stake blockchain Hedera, in collaboration with SCB TechX, the technology innovation department of Siam Commercial Bank, and other financial institutions. The pilot achieved real-time settlement and real-time exchange rate integration for Thai baht, New Taiwan dollar, and South Korean won, while also being compatible with EVM. This means that any stablecoin issuer based on EVM can utilize this framework. [Original Link]
Gemini is investigating service interruption reports that may affect Polkadot transactions.
The encrypted trading platform Gemini is investigating reports of service interruptions that may affect Polkadot transactions. Gemini states that all customer accounts and funds remain completely secure.
Privacy data verification protocol zkPass testnet has been deployed to opBNB
The privacy data verification protocol zkPass announced that its Pre-alpha test network has been deployed to opBNB. zkPass allows the generation of zkSBT to prove identity and ownership of real-world assets without uploading any files or exposing private details to third parties. zkPass was previously launched on the Ethereum Goerli test network. BlockBeats previously reported that zkPass was selected for the fifth season incubation program of Binance Incubator and was the winner of the Binance BuildTheBlock finals. [Original Link]
Binance: The investment amount for this period's Arkham Launchpad is 990 times the total quota
According to the official announcement, Binance has completed the calculation of Arkham (ARKM) token distribution, with an exchange ratio of 1 ARKM = 0.00020576 BNB (0.05 USD, based on the BNB price of 243 USD). Binance Innovation Zone will launch Arkham (ARKM) on July 18, 2023 at 20:00 Beijing time, and open trading markets for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY. A total of 114,454 users participated in this round of investment, with a total investment of 10,182,983.2626 BNB, which is 990 times the total amount of Launchpad for this round. Among them, three users reached or exceeded their personal hard cap, and were allocated 300,000 ARKM tokens. The tokens exceeding the hard cap were distributed to users who did not reach their personal hard cap.
欧易 OKX will launch stETH at 18:00 on July 18th
According to official sources, Ouke OKX will launch stETH on July 18th at 18:00 (HKT) and open stETH/USDT and stETH/ETH trading pairs. stETH deposits have been open since 10:00 (HKT) on July 18th, and withdrawals will be open from 18:00 (HKT) on July 19th. It is reported that stETH is a transferable utility token based on the rebase mechanism, representing a portion of the total ETH pledged through the Lido Ethereum liquidity staking protocol, including user deposits and staking rewards. As stETH undergoes rebase every day, its representation of the share of total ETH pledged is updated daily.
Bitget will launch Arkham (ARKM) tonight, with no limit on price increase after opening
The cryptocurrency trading platform Bitget announced that Arkham (ARKM) will be listed on the Innovation Zone and Web3 Zone. Spot grid trading will be launched within 24 hours after the listing. Details are as follows: Recharge time: 20:00 on July 17th (UTC+8); Trading time: 20:00 on July 18th (UTC+8); Withdrawal time: 20:00 on July 19th (UTC+8).
Solana EVM compatible solution Neon has been launched on the Solana mainnet
The Solana EVM compatible solution Neon has been launched on the Solana mainnet, providing the necessary tools for Ethereum developers to transition their projects to Solana and allowing them to write Ethereum applications on top of Solana. [Original Link]
HectorDAO has opened a vote on "whether to liquidate $16 million in treasury assets".
According to the Snapshot page, HectorDAO has opened a vote on "whether to liquidate 1,041,483 HEC tokens and $16 million in treasury assets". The vote will end at 12:00 on July 18th. Option one is to agree to liquidate Hector Network and redistribute all assets in the treasury as of the date of liquidation to HEC token holders in proportion to their HEC holdings. Option two is to agree to migrate all assets and HEC tokens in the Hector Network treasury to other alternative chains, while HEC token holders retain their rights as token holders. HectorDAO is a fork of OlympusDAO on the Fantom chain, and its proposal states that due to the impact of the Multichain incident on the Fantom ecosystem, its operational capabilities have suffered significant damage. [Original Link]
Chainlink, a provider of decentralized oracle solutions, has announced the launch of its Cross-Chain Interoperability Protocol (CCIP), a technology designed to link applications across public and private blockchains, and has been deployed on Avalanche, Ethereum, Optimism (now known as OP Mainnet), and Polygon mainnets. Chainlink stated that the synthetic asset protocol Synthetix is using CCIP to seamlessly transfer tokens across chains through a highly secure burn and mint model. Starting from July 20th, developers will be able to use CCIP on five testnets, including Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai. [Original Link]
Curve analysis tool Curve Research open source code, customizable indicators, etc.
Curve analysis tool Curve Research has open-sourced its code, which can simulate the performance of Stableswap based on historical trading volume and various parameter combinations. In addition, users can customize indicators, data sources, and arbitrage strategies. [Original Link]
Radiant Capital: The team is reviewing the codebase and will soon launch on the Ethereum mainnet.
According to official sources, Radiant Capital has announced its current main tasks and future plans on social media platforms. The audit-related updates of Open Zeppelin have been completed. The FE team is enhancing their game through UI/UX optimization and researching application performance. In addition, Radiant Capital is about to launch on the Ethereum mainnet. The development team is reviewing the Radiant codebase and UI/UX to achieve Ethereum mainnet integration and is preparing for a smooth transition. [Original Link]
Viewpoint
DefiLlama founder 0xngmi posted on social media to remind Metamask users to disable the "account balance batch request" function, as it is enabled by default and will leak all addresses to any RPC in use, potentially linking all of the user's addresses together. "To disable, go to Settings > Security & Privacy > Account Balance Batch Request." [Original Link]
Insider: Ripple case judge has requested Ripple and SEC to agree on a settlement conference date
FOX Business reporter Eleanor Terrett stated on her social media platform that, according to court documents, Ripple case judge Sarah Netburn has requested Ripple and SEC to agree on three settlement conference dates. Terrett also pointed out that the request does not mean that the parties can reach a settlement in a short period of time, and both parties have the right to refuse to hold a settlement conference. [Original Link]
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Ark Invest sold Coinbase shares worth about $26 million yesterday
According to CoinDesk, Cathie Wood's Ark Invest fund has once again sold 248,838 shares of Coinbase stock (COIN), worth approximately $26 million. On July 14th, the company disclosed that it had sold 480,000 shares of COIN stock from three funds, valued at $50.5 million based on the closing price that day. [Original article]
Market information display, OX (native token of Open Exchange, a cryptocurrency claims and trading platform) is currently priced at $0.03964, with a daily increase of 32.4%, making it the highest rising currency on Zhu Su's list of altcoins. As of the time of writing, other DeFi tokens on the list, including MKR, SNX, COMP, and AAVE, are all in a downward trend. BlockBeats previously reported that on July 17th, the founder of Three Arrows Capital, Zhu Su, shared on social media the altcoins worth paying attention to in this cycle. [Original link]
SUI 24-hour surge over 13%, possibly affected by official unlocking timeAccording to OKX market data, SUI has risen above $0.78 in the short term and is currently priced at $0.7704, with a 24-hour increase of 13.68%. According to the official updated schedule for future token issuance, SUI's next major unlocking event will occur in May 2024.
LootBot token LOOT surged to over $0.9 in a short period of time, with a 24-hour increase of 247%.
According to market data, the Bot token LOOT has risen by over 0.9 USD in a short period of time and is currently priced at 0.855 USD, with a 24-hour increase of 247%. Scott, the product manager of Uniswap NFT, announced on social media today that he has invested 20 ETH in trading LOOT. LOOT is a token for the speculative robot project LootBot, with a total supply of 10 million. LOOT holders can enjoy discounts on LootBot service fees.According to on-chain analyst Yu Jin, an address starting with 0xd520 associated with a16z transferred 1500 MKR (about $1.4 million) to Coinbase 9 hours ago. In the past week, a16z-associated addresses have transferred 9004 MKR (about $8.43 million) to Coinbase, and currently hold a total of 28514 MKR (about $26.7 million). [Original Link]
According to The Block, Compound's outstanding debt on Ethereum has exceeded $1 billion, the highest level in a year, with USDC ranking first in proportion, accounting for approximately $630 million. [Original Link]
GMT rose sharply to $0.29 in a short period of time, with a 24-hour increase of over 23%.
According to market information, STEPN (GMT) has risen and briefly surpassed $0.29, currently trading at $0.2862, with a 24-hour increase of 23.58%.Data: Kraken's market share in the USD spot market has risen to 20.5%, reaching a new 18-month high
According to The Block, the market share of Kraken, a cryptocurrency trading platform, in the US dollar-denominated spot market has risen to 20.5%, reaching a new high in 18 months, and the usage rate and activity of customers using the new Pro platform have significantly increased. In addition, Shannon Kurtas, the product director of Kraken, stated that "in the past 12 months, Kraken's market share in the euro-denominated trading platform has increased from 35% to slightly above 50%." [Original Link]
Data: Over 10.18 million BNB invested in Binance Launchpad Arkham session
According to the official page information, as of the closing of the Binance Launchpad Arkham investment channel, a total of 10.1829 million BNB were invested, making it the project with the largest BNB investment on Launchpad this year. According to the Venus page information, the total borrowing and lending amount of BNB on the platform has reached 293 million US dollars, and the current annualized lending rate is 341.6%. [Original Link]
A certain whale exchanged 421 ETH for 26.43 million OX in the past 5 days.
According to Lookonchain's monitoring, a whale exchanged 421 ETH for 26.43 million OX in the past 5 days, with an average price of $0.031 per OX. The whale's address currently holds 140 million OX (about $5.7 million), of which 100 million OX are locked, 30 million OX are in the liquidity pool, and 10 million OX are in the wallet. [Original Link]
Arkham token airdrop is now open for application, with 2554 transfer records on the chain.
According to on-chain information, the encrypted intelligent analysis platform Arkham's token ARKM has opened up airdrop applications, and there are currently 2554 transfer records in the airdrop contract. [Original Link]
Data: 14,041 addresses have received ARKM airdrop, with an average of 819 tokens per address.
According to on-chain analyst Yu Jin's monitoring, among the addresses that have already received the ARKM airdrop, the address with the most tokens received 249,353 ARKM, worth $162,000 at the current price of $0.65. Yu Jin stated that there are currently 14,041 addresses that have received the ARKM airdrop, with a total of 11,502,341 tokens received, averaging 819 tokens per address. Among the 14,041 addresses that have received the ARKM airdrop, there are 125 addresses that have received more than 10,000 tokens. [Original Link]
According to Lookonchain's monitoring, a certain whale address has just withdrawn 514,122 LDO (approximately $1.04 million), 15,178 AAVE (approximately $1.1 million), and 172,584 UNI (approximately $1.06 million) from Binance. [Original Link]
ARKM (Arkham) is currently priced at $0.6498 on-chain.
As of 16:44 on July 18th, according to on-chain market data, the cryptocurrency intelligent analysis platform Arkham's token ARKM is currently priced at $0.6498.0xScope: Arkham has transferred 30 million ARKM
According to 0xScope's monitoring, the encrypted intelligent analysis platform Arkham has transferred 30 million ARKM from the vault to the airdrop contract starting with 0x08c7. [Original link]GSR Markets receives approximately 20 million Arkham Tokens (ARKM)
According to Yu Jin's monitoring, GSR Markets has received about 20 million Arkham Tokens (ARKM), of which 4.5 million have been transferred to Binance and 2 million have been transferred to Bybit. In addition, Wintermute Trading received 15 million ARKM, of which 6 million were transferred to Binance and 2 million were transferred to Bybit. [Original Link]
Data: A whale withdraws 4 million ARB from Binance
According to Lookonchain monitoring, a certain whale withdrew 4 million ARB (worth about $5.28 million) from Binance 7 hours ago. [Original Link]
Funding
According to official sources, SAI.TECH (SAI), a NASDAQ-listed company, announced that its modular nuclear power business, HEATNUC, headquartered in Singapore, has officially signed a seed round investment agreement with Jiu De Investment. The post-investment valuation of the company is $50 million, and this investment will help HEATNUC accelerate the pace of building its international team. [Original Link]
Canadian venture capital firm Synergis Capital announced that the second phase of its seed fund has been completed, with a scale of $50 million. Synergis Capital said that with the technology market undergoing adjustments last year, now is the best time to support the next wave of founders in building innovative applications. Enterprise-level blockchain solutions have significant potential to save costs and improve efficiency, and are on the edge of being widely adopted by businesses. Online immersive customized experiences for consumers will also change the way brands and consumers interact and create content. The existing investment portfolio includes leading projects such as Discord, Magic Link, IYK, Quantum Engine AI, Medallion, OBB Games, TapiocaDAO, and more. [Original Link]
ETC Grants DAO's first round of funding will provide nearly $700,000 ETC to 19 projects
ETC Grants DAO has announced the completion of the first round of project selection, and the 19 selected projects will share nearly $700,000 worth of ETC. The funding will be distributed in batches through milestone reviews. EGD (ETC GRANTS DAO) is a non-profit autonomous organization composed of Ethereum Classic believers, supporters, and builders, supported by BITMAIN, ANTPOOL, and ETC Cooperative. The purpose of this Grants program is to promote the prosperity of the ETC ecosystem and increase the value of ETC.
Hong Kong cryptocurrency fund PSE Trading has completed a fundraising of tens of millions of dollars, with the specific amount not yet disclosed. Cipholio Ventures participated in the investment, and the new funds will be used to enhance its digital asset management capabilities and develop related service suites. PSE Trading aims to provide secure and compliant cryptocurrency products and service solutions, with its funds managed by compliant asset custody service provider Ceffu. [Original Link]
Regulation
The Financial Secretary of Hong Kong, Paul Chan Mo-po, revealed in an interview that the Hong Kong Monetary Authority is formulating a regulatory framework for stablecoins and plans to conduct a second round of public consultation within this year, with the aim of implementing regulatory arrangements in the fiscal year 2023/2024. (China Fund News) [Original Link]
The Financial Services Commission of South Korea plans to establish a new virtual asset bureau.
According to a report by Newsway, the Korean Financial Services Commission plans to launch a virtual asset bureau (tentatively named) in August. Currently, the Financial Services Commission is in the final stages of discussion with the Ministry of Administration and Security on the establishment of the new virtual asset bureau. If approved by the government, the relevant department will be established through the issuance of a duty system modification order and other procedures, and subsequent personnel arrangements will be completed. Currently, the Financial Services Commission is promoting the plan to establish a virtual asset bureau based on the framework of the virtual asset inspection department under the Financial Intelligence Unit (FIU). It is reported that the virtual asset inspection department is a temporary organization established in accordance with the revised Specific Financial Information Act (Special Financial Transaction Act) in 2021, and its operating period (until September 2023) is also coming to an end. [Original link]
After legal review, the criminal group helped information network criminals to pay and settle more than 54.8 million USDT, equivalent to more than 380 million yuan. According to the investigating police, "running points" is a money laundering technique, which uses one's own bank card, POS machine, WeChat or Alipay QR code, and virtual currency accounts to collect payments for others, and then transfer them to designated accounts, earning commissions from it. USDT is a blockchain virtual currency issued by a foreign company. Due to its convenient trading and anonymity, it has become the preferred virtual currency platform for running points. As of now, 21 criminal suspects in the case have been taken into custody, and the case is under further investigation. [Original Link]
The European Central Bank's committee member Knot said that the actual regulation of cryptocurrencies is limited, which makes the issue very complex. It is recommended that officials from various countries should cooperate and coordinate across borders. Investing in cryptocurrencies is a high-risk activity. Cryptocurrencies have never operated in a regulatory vacuum. In fact, there are already some regulations in place. We have been strengthening these regulations for economic activities related to these cryptocurrencies. These activities are largely no different from traditional financial activities and are subject to regulation. These are the same activities, the same risks, and the same regulatory principles. These are the basic principles of the standards we propose.
In addition, Wennotte stated that the European Central Bank emphasizes the protection of consumer rights in the digital currency industry, including privacy and data security. Regarding stablecoins, the European Central Bank is concerned about the emergence of more regional stablecoins worldwide. Therefore, a regulatory system applicable to global stablecoins has been established. We are confident that we can control the stability risks of cryptocurrencies. (Jinshi)
According to The Block, the US House Financial Services Committee will vote on cryptocurrency and stablecoin legislation on July 26. The legislation aims to create clearer pathways for digital assets to move from securities to commodities, as well as a comprehensive framework for stablecoins. [Original Link]
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