Web3 Daily | MakerDAO has initiated buyback; Linea Voyage series NFTs have been airdropped to user addresses.
Top News:
1. The Linea Voyage series NFT has been airdropped to user addresses.
2. The dormant whale address transferred 61,216.4 ETH to Kraken after 8 years of dormancy, worth approximately $116 million.
3. A certain whale deposited 4451 bitcoins to Binance 1 hour ago;
4. MakerDAO repurchase has been initiated, with an average repurchase of approximately $5000 MKR every 27 minutes;
5. Binance completed the 24th BNB burn, destroying approximately $485 million worth of BNB.
6. Bloomberg: Former FTX COO Constance Wang Joins Sino Global Capital;
Project Updates
Polygon plans to update its governance model and introduce an "Ecology Committee" in Polygon 2.0.
The Polygon team has announced plans to create a new governance framework aimed at achieving more decentralized control over its ecosystem. The new governance model will form "three major governance pillars" focusing on core protocol governance, smart contract governance, and community treasury governance. Other key features include the extension of the Polygon Improvement Proposal (PIP) framework, the introduction of an "ecosystem committee" for system smart contract upgrades, and community treasury governance to provide funding for promising ecosystem projects. The Polygon team is inviting stakeholders, including validators, DApp developers, and users, to participate in the development of its governance framework. [Original article]
Starknet is about to launch the Starknet application chain.
StarkWare co-founder Eli Ben-Sasson announced at the EthCC (Ethereum Community Conference) in Paris that Starknet will soon launch Starknet Appchains. Starknet Appchains are customizable and decentralized, providing applications with better throughput and enhanced user experience for users. [Original Link]
According to official sources, Binance has suspended the market price order function for some spot and margin trading pairs due to technical issues discovered after an update. The team is currently working to resolve the issue and will update the function once it is restored. [Original article link]
StarkWare has launched the Starknet Foundry, a high-speed toolkit for developing Starknet contracts.
StarkWare co-founder Eli Ben-Sasson announced the launch of the open-source project Starknet Foundry at the EthCC (Ethereum Community Conference) in Paris. According to the information on the Github page, Starknet Foundry is an ultra-fast toolkit for developing Starknet contracts, designed and developed by the former Protostar team at Software Mansion, and written in Rust based on the local Cairo test runner and Blockifie. [Original Link]
The official Twitter account of DeFi platform Shell Protocol is suspected to have been hacked. The hacked account has currently posted false scam information and closed the comment section. Please do not interact with it.
Nansen CEO: PleasrDAO official Twitter account has been hacked, please do not interact
Nansen CEO Alex Svanevik issued a warning that the official Twitter account of the encrypted art collection platform PleasrDAO has been hacked, and please do not interact with it. Currently, the hacked Twitter account of PleasrDAO has released false scam information. [Original article link]
Stargate has enabled the USDC liquidity pool on the Fantom network.
According to official sources, Stargate, a cross-chain bridge based on LayerZero, has announced the activation of the Fantom network USDC liquidity pool, and the STG reward for this pool has also been launched. Users can now use this cross-chain bridge for USDC cross-chain transfers. BlockBeats previously reported that on July 12th, the Fantom Foundation stated that many LPs, token holders, and users of the Fantom network have been severely affected due to the recent Multichain incident. In view of this, the foundation is taking active action to promote diversified cross-chain bridges and liquidity solutions. [Original Link]
1inch has launched a developer portal test version.
According to official sources, DEX aggregator 1inch has launched a developer portal test version. The platform is a Web3 SaaS (Software as a Service) platform that provides APIs for developing new products. The APIs currently available include transactions, spot prices, token information, and more. [Original Link]
Cosmos ecological liquidity staking protocol Stride will shift to ATOM-driven security model
Based on the liquidity staking protocol Stride on Cosmos, the project plans to transition from the existing STRD token model to the Interchain Security (ICS) system on Cosmos, driven by the ATOM token. Stride contributor Ian Unsworth said the transition could occur between Wednesday 17:00 and 21:30 (UTC time), at block height 4616678. According to the official blog, the transition to ICS will increase Stride's economic security from about $25 million to $2.3 billion, making the protocol more resistant to hacker attacks. (CoinDesk) [Original Link]
MakerDAO buyback has started, with an average buyback of about $5000 MKR every 27 minutes.
MakerDAO's intelligent destruction engine has been activated, with a current treasury surplus of $69.6 million, of which over $50 million (or $19.6 million) will be used to repurchase MKR and add it to DAI to form an LP on Uniswap V2. According to on-chain information, repurchases are currently executed approximately every 27 minutes, with an average repurchase amount of around $5,000. [Original Link]
Binance has completed its 24th BNB burn, destroying approximately $485 million worth of BNB.
According to the automatic destruction mechanism of BNB, Binance has completed the 24th quarterly destruction of BNB, with a total of 1,991,854.33 BNB destroyed, worth approximately $485 million. This includes 747.51 BNB effectively destroyed in the BNB Pioneer Burn Program.
Ubisoft has become a validator of the Cronos blockchain.
According to an official announcement, Cronos recently announced a new partnership with gaming giant Ubisoft. Ubisoft joins the Cronos blockchain ecosystem as a node validator, while continuing to explore blockchain technology through its Strategic Innovation Lab. Ubisoft joins the pool of 27 other node operators on the Cronos blockchain, contributing to the stability and security of the network. [Original Link]
The Linea Voyage NFT series, a Layer 2 solution for Ethereum launched by ConsenSys, has been airdropped to eligible user addresses. The series includes 5 categories, which are divided based on the points earned by users during the Linea Voyage event.
Total of 26,526 Alpha Edition coins; requires a score of more than 3400 points.
A Beta Edition with a total of 50,824 coins; requires points to be within the range of 3050 to 3400.
A Gamma Edition with a total of 100,155 coins; requires points to be within the range of 2740 to 3050.
Total of 175,166 Delta Edition coins; requires points to be within the range of 2500 to 2740.
Omega Edition with a total of 4,783,567 coins;
Points 2500 points and below Omega level NFTs are not yet open for Minting. The official statement indicates that it will be open within 24 hours and will be notified separately when it is open. [Original Link]
The cryptocurrency trading platform Coinbase has hired former senior spokesperson for the US Treasury Department, Julia Krieger, as its head of US policy communications. Julia Krieger previously worked at the US Treasury Department on domestic and international tax policies, climate finance, network and digital asset security, and was a member of the Biden White House and campaign team. [Original Link]
According to court documents, Yuga Labs requested the court to award them $1,589,455 in profits obtained by the defendant in the RR/BAYC NFT infringement case; $200,000 in statutory damages; their costs and expenses, as well as interest. BlockBeats previously reported that a court in California, USA, ruled that the RR/BAYC NFT series launched by Ryder Ripps and Jeremy Cahen infringed Yuga Labs' copyright. [Original Link]
Viewpoint
Bloomberg: Former FTX COO Constance Wang Joins Sino Global Capital
According to Bloomberg, former FTX Chief Operating Officer Constance Wang has joined crypto venture capital firm Sino Global Capital. Constance previously served as COO of FTX and Co-CEO of FTX Digital Markets, where she was responsible for leading the global business expansion of the trading platform, overseeing token listings, and public relations and marketing. Sino Global disclosed that it was an early investor in FTX after its collapse. According to her LinkedIn profile, Constance Wang briefly worked as a business development manager at Huobi Global before joining FTX, and previously worked as an analyst at Credit Suisse for two years. [Original Link]
PlanB: Based on the S2F model prediction, the next Bitcoin halving cycle may reach $500,000
Cryptocurrency analyst PlanB has released an update to the Bitcoin S2F valuation model on social media, stating that "based on the latest data and the average S2F ratio and BTC price during the halving cycle, the model predicts a Bitcoin price of $54,000 for the current halving cycle, while the actual average price is $31,000. For the 2016-2020 halving cycle, the model predicts a Bitcoin price of $4,400, while the actual average price is $5,800. For me, the model's error is within an acceptable range, and S2F is not invalid, but I think this is a personal decision. I am focused on the Bitcoin price reaching $500,000 in the next halving cycle (which may have a large positive or negative error)." [Original article]
"The first reason for the rotation of the DeFi sector in this round is the RWA narrative hype, as the US Treasury bond yield has exceeded the risk-free yield of DeFi. On June 29th, Compound founder Robert Leshner announced his entry into the RWA track, establishing a new company Superstate and introducing US Treasury bonds onto the chain, triggering a more than 100% increase in associated project COMP. Secondly, with XRP's victory over the SEC lawsuit on whether it is a security, the fundamentals of DeFi's classical leading tokens have improved. The third reason is MakerDAO's new proposal, which proposes the promotion of an intelligent destruction mechanism, while AAVE officially launches the decentralized stablecoin GHO, and Synthetix V3 version is updated. These product updates have sparked market enthusiasm."
[Original Link]Cathie Wood: Bitcoin price is expected to reach $1.5 million by 2030
ARK Invest CEO Cathie Wood said in an interview with Bloomberg that the price of Bitcoin could reach $1.5 million by 2030. Cathie Wood said that as regional banks go bankrupt and stocks plummet, the price of Bitcoin has risen from $19,000 to $30,000. This represents investors "turning to safe assets to avoid risk." In addition, Bitcoin can serve as "insurance" to prevent wealth from being directly or indirectly confiscated. Direct confiscation refers to the forced seizure of assets, while indirect confiscation refers to inflation and the devaluation of the national currency. [Original Link]
According to CoinDesk, Chris Koeing, the proxy lawyer for bankrupt crypto lending firm Celsius, said that the ruling on whether XRP tokens related to Ripple are securities may affect the pricing of CEL tokens, but will not affect its restructuring plan. The Fahrenheit consortium recently won the bid for Celsius assets and will focus on Bitcoin mining and Ethereum collateral business. However, given that US bankruptcy rules use mandatory downgrades for customer claims related to securities, the XRP ruling may affect the repayment of funds to CEL holders. Koenig said the company previously valued the token at $0.20, but it could also drop to zero, while some creditors believe it should be valued at $0.81 at the time of bankruptcy. [Original Link]
Pinnako Community Accuses iZUMi Finance of Dumping Its Tokens
Encryption derivative trading platform Pinnako community users accused iZUMi Finance of selling its tokens, causing a significant drop in token prices. iZUMi Finance had launched a double reward mining activity with Pinnako on July 7th, with a total reward of 120,000 esPIKO and 1 million iZi. iZUMi allegedly sold the staking reward token esPIKO of PIKO holders and exchanged it for ETH to reward iZi holders.
BlockBeats previously reported that on June 13th, MetaLine, a gaming platform on the Arbitrum ecosystem, accused multi-chain DeFi protocol iZUMi Finance of misappropriating mining rewards and selling its tokens. iZUMi Finance misappropriated $10,000 worth of MTG, only putting half of the MTG sent by MetaLine into the liquidity mining reward pool. In response, iZUMi stated that when collaborating with projects allowed to launch dual-incentive mining activities, the token incentives of the dual mining pool will be distributed in a certain proportion. In this case, the unspent emissions will be re-entered into the mining pool to provide deeper liquidity. [Original Link]
Financial analyst James Seyffart posted on social media that Bitwise's Bitcoin spot ETF application has been registered with the federal registry, while applications from BlackRock, Fidelity, Wisdomtree, VanEck, and ProShares will be added to the registry tomorrow, and Valkyrie will be added on Friday. He pointed out that the applications will be rejected or approved in the order they were submitted. However, he also emphasized that if the SEC is willing, they can still batch reject/approve. BlockBeats Note: In the United States, all ETFs require approval from the Securities and Exchange Commission (SEC). This process includes adding the ETF application to the federal registry and then soliciting public opinion. [Original Link]
CME "Fed Watch": 99.8% Probability of 25 Basis Point Rate Hike by Fed in July
According to the "CME FedWatch" data, the probability of the Fed maintaining interest rates at 5.00%-5.25% in July is 0.2%, and the probability of raising interest rates by 25 basis points to the 5.25%-5.50% range is 99.8%. [Original Link]
数据
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Data
According to Glassnode data, as of Tuesday, the amount of 1INCH held in CEX-related wallets increased to 184.28 million (worth $65 million), reaching a historical high. The trading platform balance of 1INCH increased by 50% in 3 days, accounting for 18.65% of the circulating supply of 987.6 million and 12.2% of the total supply of 1.5 billion. According to OKX market data, 1INCH is currently trading at 0.3454 USDT, with a 24-hour decline of 9.11%. [Original link]
A certain whale deposited 4451 bitcoins into Binance 1 hour ago.
According to Lookonchain's monitoring, a whale deposited 4451 bitcoins (worth about $133.7 million) into Binance one hour ago. The whale had previously deposited 5000 bitcoins on January 30th, after which the price of bitcoin fell by 4.2%. [Original link]]
Bitcoin ETP sees highest inflow in nearly four weeks since June 2022
According to K33 Research data, the global equivalent exposure of listed ETPs to Bitcoin increased by 25,202 BTC ($757 million) in the four weeks ending July 16, reaching 196,824 BTC. Vetle Lunde of K33 Research said this was the second-highest monthly net inflow, second only to the inflow of funds into ProShares' futures-based ETF and other futures-based ETFs launched in October 2021. Currently, the ETP Bitcoin equivalent exposure is at its highest level since June 2022. (CoinDesk) [Original Link]
Azuki NFT floor price drops to a new low in nearly a month, now priced at 5.23 ETH
According to Blur market data, the Azuki NFT floor price is currently at 5.23 ETH, which has dropped to a new low in nearly a month. The trading volume in the past 24 hours was 1991.7 ETH. [Original article link]
Data: 48,764 addresses have claimed over 25.15 million ARKM airdrop tokens
According to Dune data, there are currently 48,764 addresses that have applied for the Arkham token ARKM airdrop, with a total of over 25.15 million tokens claimed, averaging 515 tokens per address. There are 153 addresses that have claimed over 10,000 tokens and 4,754 addresses that have claimed over 1,000 tokens. BlockBeats reported yesterday that Arkham has transferred 30 million ARKM tokens from its treasury to the airdrop contract starting with 0x08c7. [Original article]
Data: Linea mainnet has crossed 1660 ETH, with over 6000 interactive addresses
According to Dune data, Linea mainnet has crossed 1660 ETH with 8180 transactions and 6258 interacting addresses. BlockBeats previously reported that on July 18th, Linea, an Ethereum Layer 2 solution launched by ConsenSys, announced the opening of access to the Linea mainnet Alpha version to the entire community. [Original link]According to Whale Alert monitoring data, a dormant whale address that has been inactive for 8 years has just been activated. On-chain information shows that the address has transferred 61,216.4 ETH to Kraken, about $116 million. [Original Link]
Funding
Cryptocurrency incubator Web^n receives investment from Nomura Securities
According to The Block, Web^n, a cryptocurrency incubator supported by hedge fund manager Alan Howard, has received investment from Laser Digital, a cryptocurrency subsidiary of Nomura Securities. The investment amount was not disclosed. Jez Mohideen, CEO of Laser Digital, will join the board of directors of Web^n as a non-executive director. Web^n was founded at the end of 2021 and its incubated companies include cryptographic research institution Geometry, DeFi protocol Trufin, and non-custodial staking provider Twinstake. [Original Link]
According to TechCrunch, Telegram has raised $210 million through bond sales, with Telegram founder and CEO Pavel Durov among the investors. Currently, Telegram has about 800 million monthly active users, adding more than 300 million users in the past two and a half years and attracting 2.5 million new registered users every day. BlockBeats reported yesterday that Pavel Durov stated in a statement that he personally purchased a quarter of the newly issued Telegram bonds, investing tens of millions of dollars to support Telegram's growth. [Original Link]
According to information disclosed by the London Stock Exchange, Bitcoin mining company Argo Blockchain raised £5.7 million (approximately $7.5 million) through the issuance of new shares, which will be used to reduce the company's outstanding debt. The pricing of the new share sale was discounted by approximately 14% compared to the 30-day volume-weighted average price of Argo's stock. As previously reported by BlockBeats, on April 28, Argo Blockchain stated in a statement that its net loss in 2022 was £194.2 million (approximately $240 million). [Original Link]
Ripple Development Lab RippleX announced the fifth batch of XRPL grant winners. The grant program received 150 applications and ultimately selected 15 projects from 14 countries to distribute over $1.6 million in funding. In addition, the sixth batch of applications is currently under review, and the winners will be announced in the fall of this year. The seventh batch of applications is expected to open in August 2023. [Original Link]
LBank Labs announced the completion of donations to the Meme project Saitama and PEPE 2.0
LBank Labs announced that its Meme Fund has completed donations to the Saitama and PEPE2.0 projects. These donations will respectively support the ecological construction and community development of the Saitama and PEPE2.0 projects. The Meme Fund is a public welfare fund under LBank Labs dedicated to supporting the development of the Meme ecosystem, with a total of 10 million US dollars. All Meme-type projects can apply to LBank Labs for donations from the Meme Fund, and after meeting certain requirements, they can receive donations unconditionally.
Regulation
The Nevada court approves regulatory agency to take over Prime Trust
According to The Block, a judge in Nevada has approved a petition for regulatory authorities to take over Prime Trust. The regulatory agency's statement shows that the judge subsequently ordered Prime Trust to appear in court on August 22 to explain why the state regulator's application should not be permanently approved. BlockBeats previously reported that Prime Trust owed clients $85.67 million in fiat assets, but only held $2.904 million in cash. Prime Trust owed clients $69.509 million in digital assets, but only held about $68.648 million in digital assets. [Original Link]
The Australian Securities and Investments Commission cancels FTX Australia's AFS license
According to the statement from the Australian Securities and Investments Commission (ASIC), the commission has revoked the Australian Financial Services (AFS) license of FTX Australia since July 14th. Until July 12th, 2024, FTX Australia can provide limited financial services related to the termination of existing derivatives with clients. In addition, the revocation of the license does not affect FTX Australia's continued membership in the Australian Financial Complaints Authority, and arrangements have been made to compensate retail customers. [Original Link]
France's Societe Generale Bank receives cryptocurrency license from French regulatory agency
The cryptocurrency department of Societe Generale, SG Forge, has been awarded a cryptocurrency license by the French financial regulator, allowing it to provide services such as buying, selling, trading, and custody of digital assets. (CoinDesk) [Original Link]
According to CoinDesk, the US Securities and Exchange Commission (SEC) will begin reviewing this week whether to approve or reject the listing applications of six bitcoin spot ETFs, including BlackRock. Although the SEC released a document seeking public opinion last week, the review will only officially begin after it is published in the Federal Register. The review period is set for 45 days but can be extended to 240 days.
BlockBeats reported yesterday that Bitwise's Bitcoin spot ETF application has been registered with the federal register, while applications from BlackRock, Fidelity, Wisdomtree, VanEck, and ProShares will be added to the register tomorrow, and Valkyrie will be added to the register on Friday. [Original Link]
According to Documented, a judge in Manhattan has ruled that Eddy Alexandre, a man from Long Island, New York, admitted to defrauding investors of hundreds of millions of dollars through his EminiFX cryptocurrency and forex platform and has been sentenced to 10 years in prison. In February of this year, Alexandre pleaded guilty to commodity fraud and agreed to forfeit $248.8 million that he illegally obtained through a Ponzi scheme. Prosecutors said Alexandre raised millions of dollars from 25,000 EminiFX investment club members and promised a 5% weekly return through automated trading. However, he lost $6 million in his fund's trades and transferred more than $14 million to his personal bank account. [Original article]
US Congressman Glenn Thompson plans to submit the Digital Asset Market Structure Act this week.
According to CryptoSlate, Republican Congressman Glenn Thompson stated on Tuesday that he plans to formally submit the Digital Asset Market Structure and Investor Protection Act to the House of Representatives this week with Congressman Patrick McHenry. In addition, the Digital Asset Market Structure Act has received support from Congressmen French Hill and Dusty Johnson. The bill was first submitted to the House for preliminary review on June 2 and is scheduled to enter the voting stage in July. [Original Link]
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