Web3 Daily | Sequoia Capital's venture capital team undergoes restructuring, dismissing two partners in the cryptocurrency field; Memeland to airdrop 17.25 billion Memecoins.
Selected News:
1. Tesla's payment page source code shows "bitcoin", but it is currently unclear whether it is a new addition or not.
2. Sequoia Capital restructures its venture team and dismisses two cryptocurrency partners.
3. Founder of Blur: Plans to allocate more than the originally set 300 million BLUR in Season 2;
4. Meme market is once again on the rise, with UNIBOT, HarryPotterObamaSonic10Inu all hitting new all-time highs;
5. Memeland will airdrop 17.25 billion Memecoins to holders of ecological projects.
Project Updates
According to official sources, Arbitrum has released the Arbitrum Foundation Grants statement, with the first phase focusing on dApps and infrastructure on the Arbitrum Nova and Arbitrum One networks. The grant program is expected to last for three months until the Arbitrum Foundation deems the phase's objectives to have been achieved. [Original Link]
Tesla payment page source code shows "bitcoin", it is currently unclear whether it is new or not.
According to Tesla's official website, the word "bitcoin" appeared in its payment page source code. BlockBeats found that the source file of the code was last updated on July 13th, but it does not mean that the "bitcoin" related code was added on July 13th, and it cannot be proven whether the related code was deleted after the cancellation of support in May 2021. In addition, Tesla had previously added the word "doge" to its payment page source code, but ultimately only supported it for purchasing products in the peripheral mall. Therefore, whether to accept bitcoin payment should still be based on relevant announcements and the appearance of relevant displays on the front end. BlockBeats previously reported that Tesla announced support for bitcoin payment for car purchases on March 24, 2021, but cancelled support for this payment method on May 13 of the same year.
Lybra Finance V2 testnet is now live.
The LSD stablecoin protocol Lybra Finance V2 testnet is now online, with new features including full-chain functionality, expanded options for LST collateral, improved fund security, and a new mechanism that supports LBR value while maintaining eUSD peg. On Lybra V2, users will have two different ways to mint eUSD and peUSD, with peUSD being the full-chain version of eUSD. [Original Link]
Redwood Capital restructures its venture capital team and dismisses two cryptocurrency partners
According to Bloomberg, Sequoia Capital's long-term partner Michael Moritz announced on Wednesday that he will leave Sequoia to focus on his wealth management company, Sequoia Heritage, which he co-founded. Another senior partner, Mike Vernal, will also resign. At the same time, Michelle Fradin, who led the investment in FTX, and partners Kais Khimji and Daniel Chen will also leave. Daniel Chen's Twitter profile claims to be a "cryptocurrency giant." These changes may have an impact on Sequoia Capital's investment strategy and business, reflecting the recent turbulence and uncertainty in the cryptocurrency industry. [Original Link]
NFT minting aggregator mint.fun adds support for Zora Network and OP Mainnet
Web3 wallet tracking application Context's NFT minting aggregator, mint.fun, has announced support for minting Zora Network and OP Mainnet network NFTs. Users can earn 10 points by minting an L2 NFT on mint.fun, with a maximum of 100 points per NFT series. Additionally, mint.fun has launched free NFT minting on the OP Mainnet mainnet, which users can mint before 9:00 PT on July 21. [Original Link]
The Solana Foundation has released a proposal solicitation notice to promote the development of open-source archival storage alternatives, with an application deadline of August 13. Deliverables include open-source code for archival nodes, which will provide services for incoming requests for archival data and support tracing back to genesis data; the solution is open-source and can be accessed for free; plans to reduce the cost of accessing Solana's historical data and improve the reliability of the Solana network by enabling different technology stacks in the storage and retrieval of historical data. [Original Link]
Stride: Interchain Security (ICS) system has transitioned to Cosmos
Based on the liquidity staking protocol Stride on Cosmos, the official announcement states that Stride has successfully transitioned to the Interchain Security (ICS) system of Cosmos Hub, which is driven by the ATOM token. BlockBeats previously reported that the transition to ICS will increase Stride's economic security from approximately $25 million to $2.3 billion, making the protocol more resistant to hacker attacks. [Original Link]
Polygon, PlayWay, and GameSwift collaborate to launch game accelerator OuterLife.
The game developer PlayWay has partnered with Polygon and the Web3 game one-stop-shop ecosystem GameSwift to launch the game accelerator OuterLife. OuterLife seamlessly integrates blockchain technology and NFTs into PlayWay's simulator games. OuterLife will be integrated with Polygon and zkEVM to provide a scalable, efficient, and secure integrated simulation game platform. [Original Link]
Memeland will airdrop 17.25 billion Memecoins to ecological project holders.
Memeland token Memecoin officially announced that it will airdrop 17.25 billion tokens to ecological project holders (including MVP, Captainz and Potatoz), accounting for 25% of the total supply. However, Memecoin has not yet announced the specific share of tokens for immediate unlocking and delayed unlocking. It is reported that Memecoin previously announced a maximum supply of 69 billion tokens. [Original Link]
Solana lending protocol Jet Protocol liquidity incentive plan will launch tomorrow
Solana ecological lending protocol Jet Protocol announced that it will launch the Jet liquidity incentive plan tomorrow, with a total of 137,700,946 JET token shares. Liquidity providers will have the opportunity to receive incentives within 4 years. [Original Link]
OPNX: The OX liquidity pool has been launched on the cross-chain bridge Stargate
The encryption claims and trading platform Open Exchange (OPNX) announced that the platform currency OX liquidity pool is now online on the LayerZero-based cross-chain bridge Stargate, and users can bridge OX between Ethereum, BNB Chain, Polygon, and Arbitrum. [Original Link]
Blur Founder: Plans to allocate more BLUR in Season 2 than the originally set 300 million
The founder of NFT marketplace Blur, Pacman, stated in a community AMA that "we do plan to allocate more BLUR to users in Season 2 than the originally set 300 million. If you look closely at our previous tweets about Season 2, you'll notice that we didn't say 300 million tokens, but rather 300 million+ tokens." Pacman did not mention any details about the timing of the allocation, stating that it will be done "as soon as possible." [Original article]
Gitcoin Grants 18 will launch on August 15th, and applications will open on August 1st.
Gitcoin announced that Gitcoin Grants 18 will take place from August 15 to 29, 2023, and applications will open on August 1. [Original Link]
LayerZero has launched its Base mainnet.
The cross-chain interoperability protocol LayerZero has announced that it has launched on the Coinbase L2 network Base mainnet. As previously reported by BlockBeats, on July 14th, Coinbase L2 network Base announced the opening of its mainnet to developers. In the coming weeks, Base will invite early developers to deploy on the Base mainnet and commemorate the occasion with the Genesis Builder NFT. In early August, Base will open to all users. Base reminds users that there are no plans to issue coins. [Original Link]
Ethereum programming language Solidity releases compiler version 0.8.21
The Ethereum programming language Solidity has released version 0.8.21 of the Solidity compiler, which allows qualified access to events in other contracts and relaxes restrictions on the initialization of immutable variables. At the same time, this version fixes two important vulnerabilities in the code generator and Yul optimizer, as well as other vulnerabilities. [Original link]
Optimism 发文概述其治理机制及未来规划，或将引入财政委员会 Translation:
Optimism 发文《Optimism 治理的未来》（The Future of Optimism Governance），包含全面概述 Optimism 治理、现在如何运作以及如何通过其两院制度来支持集体未来多年的发展。 其中关于分配协议收入的投票初始流程或将引入一个财政委员会，负责就如何分配资源向治理提出高级别建议，任何关于协议收入分配的提案都将提交给「代币之家」批准，「公民之家」具有否决权。[原文链接]
Sohu Vice President and Co-Director of Digital Art Sales Michael Bouhanna posted on social media that Sohu has completed the third part of the Grails series auction, with a total of 17 lots sold for over $1.2 million. The best-selling items include Fidenza, CryptoPunk, Ringers, and Seerlight. [Original Link]
Moonbirds: Mythic Eggs activation and Moonbirds Oddities burning are about to begin
The NFT project Moonbirds has officially announced that the first Mythic Eggs activation and Moonbirds Oddities burning will be launched on the PROOF website within 24 hours. [Original Link]
Web3 development platform Thirdweb has acquired cryptocurrency payment processing company Paper.
Web3 development platform Thirdweb announced that it has acquired encrypted payment processing company Paper, with the specific amount undisclosed. Thirdweb stated that it will add Paper's Web3 wallet and settlement solutions to the Thirdweb platform, making it easier for developers and users to use Web3. [Original Link]
HOPE lending protocol HopeLend starts public beta, launching 20,000 HOPE reward campaign
The decentralized lending protocol HopeLend of the distributed stablecoin project HOPE.MONEY has launched its public beta on the Ethereum Sepolia testnet on July 20th and plans to go live on the mainnet soon. As the second protocol in the HOPE ecosystem, HopeLend provides an interest rate market and rich use cases for the distributed stablecoin HOPE, allowing users to participate as depositors, borrowers, or liquidators and earn rewards. It is reported that this round of public beta aims to ensure the smooth operation of HopeLend after the mainnet launch and help users better understand the product features of the lending protocol. From now on, all beta participants can share the reward pool of 8,000 HOPE. At the same time, the "Who Wants to Be a Millionaire" community event has also officially started, with a chance to win 12,000 HOPE rewards by participating in the event.
Binance shortens deposit time for Ethereum, Arbitrum, and Optimism networks
According to an official announcement, Binance has reduced the minimum number of blocks and time required for deposits to be credited on the Ethereum, Arbitrum, and Optimism networks based on user feedback: 1. For Ethereum, the minimum number of blocks has been reduced from 12 to 6, and the time has been shortened from about 25 minutes to about 13 minutes; 2. For Arbitrum and Optimism, the minimum number of blocks has been reduced from 100 to 1, and the time has been shortened from about 7 minutes to about 1 minute. [Original Link]
Conflux and World Mobile reach cooperation to jointly develop blockchain-based SIM cards
Conflux announced a partnership with blockchain-based global mobile network World Mobile. The two companies will first collaborate in four areas: 1. Public bridging: World Mobile Token (WMT) will bridge from the Cardano blockchain to the Conflux blockchain ecosystem. 2. Technical integration: World Mobile and Conflux will collaborate on the integration of EarthNode functionality and financial settlement into the Conflux network on World Mobile's AyA sidechain technology. 3. Expansion in Asian and African markets: Conflux and World Mobile will leverage their influence in the Asian and African markets to improve connectivity, promote user acquisition, and further market penetration. 4. Development of blockchain-based SIM cards: World Mobile and Conflux will collaborate on researching how mobile networks can best utilize Conflux's blockchain-based SIM cards to increase access to global digital connectivity. [Original article link]
Blockchain development service provider Protofire posted on social media that the digital asset management platform Safe has launched zkSync Era. Protofire stated that Safe, developed and maintained by Protofire, has been recognized by the official Safe and Safe Guardians. Safe will take over the code in August and upgrade the codebase to version 1.4. In addition, Protofire stated that from a technical perspective, zkSync Era Safe is fully functional with minimal changes to smart contracts, and is currently testing edge cases on the testnet. [Original Link]
The Sui mainnet has been upgraded to version V1.5.0. The upgrade includes: the minimum budget for Gas fees has been changed to be the same as the minimum charge, support for writing linters has been added, the compiler will provide additional warnings for unused private functions and unused (uninstantiated) structure types, as well as some performance improvements and bug fixes. [Original article link]
The Loot ecosystem project Adventure Gold (AGLD) DAO announced a partnership with ARPA Randcast. ARPA Randcast is a verifiable and secure random number generation tool that will provide verifiable random functions (VRF) for the Loot Chain ecosystem game project. [Original Link]
CoinGecko has added a Telegram Bots token section.
The encrypted data analysis website CoinGecko has added a Telegram Bots token section. Data shows that the market value of Telegram Bots tokens has exceeded $90 million, with a trading volume of over $17 million in the past 24 hours. [Original Link]
Trait Sniper will conduct a large-scale airdrop based on influence to Twitter users on August 1st.
NFT rarity ranking tool Trait Sniper will conduct a large-scale airdrop based on influence to Twitter users on August 1st. Users can claim corresponding TS tokens on the official Trait Sniper website based on their Twitter influence. In addition, Trait Sniper also provides additional airdrop rewards for early adopters and strategic partners, including holders of TSG (TraitSniper Game), Meta Pet NFT, TwitterScan Pass, and TraitSniper Pass. According to the official white paper, the total supply of TS is 1 trillion, with a portion used for large-scale airdrops and another portion used to create initial liquidity for DEX. TraitSniper plans to launch dual DEX trading within a week after the airdrop begins, one to reward the trading pool and provide purchase discounts for early community contributors, and the other for free trading where all users can trade freely. The initial price of TS is set at $0.000001. [Original Link]
Coinbase international trading platform adds multi-chain support for USDC
Coinbase International Exchange, a global trading platform for cryptocurrencies, announced on Twitter that it has added multi-chain support for USDC. This means that users can now deposit and withdraw USDC on the Arbitrum, Avalanche, Ethereum, Polygon, and Solana networks. As previously reported by BlockBeats, Coinbase launched its international trading platform on May 2 and has received regulatory approval from the Bermuda Monetary Authority (BMA). This will allow institutional users in jurisdictions outside of the United States to trade perpetual contracts. [Original article]
FTX seeks to reclaim $71 million from its charity department and other life science institutions
According to CoinDesk, bankrupt cryptocurrency exchange FTX and its sister company Alameda are seeking to recover over $71 million from FTX's charity department and other life science institutions. This is the latest move by the bankrupt company to recover funds for its customers. Lawyers said that the FTX Foundation worked with Latona to obtain approximately $71.5 million from FTX and Alameda Research, "for investment and donations to life science companies to fulfill Bankman-Fried's personal desires." The lawyers stated in the documents that "although these investments are claimed to be for altruistic purposes (i.e. preventing and preparing for epidemics), in reality, Bankman-Fried conducted these transactions because he believed that doing so would generate goodwill and accumulate political capital and influence for himself." [Original Link]
Data
Data: The native stablecoin crvUSD of Curve has exceeded 110 million in minting quantity
According to Curve data, the number of crvUSD stablecoins minted has reached 110,576,218, and crvUSD is currently priced at $0.9999. [Original article link]
According to Twitter user @EmberCN's monitoring, a certain early Ethereum investor who had been dormant for eight years transferred 200 ETH (about $377,000) to Coinbase seven hours ago. The address received 200 ETH from the Ethereum genesis block on July 30, 2015, worth $62 at the time (ICO price of $0.311). [Original Link]
Bankless Report: Ethereum Network Transaction Fees Decrease by 33.3% YoY in Q2 2023
According to the latest "Ethereum Q2 2023 Report" released by Bankless, data shows that Q2 Ethereum network transaction fees decreased by 33.3% year-on-year, from $1.027 billion to $847 million; ETH's average inflation rate decreased from 0.71% to -0.8%; and the average daily active addresses decreased by 6%, from 471,447 to 444,419. [Original Link]
WagieBot announced the integration of GMX, and its token rose more than 350% in 24 hours.
According to market data, the Bot token WagieBot has broken through $0.8 in a short time and is now priced at $0.7048, with a 24-hour increase of 355%. WagieBot announced that its V4.0.0 version is now online and integrated with GMX, allowing users to long or short cryptocurrencies through a decentralized derivatives protocol for the first time via Telegram. The tweet was later retweeted by the official GMX account of the decentralized derivatives protocol. [Original Link]
Data: "0x8456" whale has withdrawn 2 million XRP from Binance, unrealized profit of about $640,000
According to Lookonchain's monitoring, the whale with an address starting with 0x8456 withdrew 563,571 XRP (worth about $462,000) from Binance again yesterday. The total amount of XRP this large account has withdrawn from Binance is 2 million (worth about $1.66 million), with an average withdrawal price of $0.51. The current unrealized profit is about $640,000. [Original Link]
ACA short-term rise to $0.0895, with an increase of over 30% in 15 minutes
According to the market data from OKX, ACA has surged to 0.0895 USD in a short period of time, with a growth rate of over 30% within 15 minutes.Meme market starts again, UNIBOT, HarryPotterObamaSonic10Inu all hit new highs
According to market data, the Bot token UNIBOT is currently priced at $77.83, with a 24-hour increase of 23.46%; HarryPotterObamaSonic10Inu is currently priced at $0.07551, with a 24-hour increase of 17.05%, both reaching historical highs. BlockBeats notes that the meme coin market is highly volatile, and most currencies can only maintain a certain level of popularity for a short period of time. Investors should be aware of the risks and manage their personal assets properly.According to Tesla's latest quarterly report, there were no Bitcoin transactions in the second quarter of 2023. As of the end of the second quarter, the value of digital assets held by Tesla was $184 million (current accounting standards do not allow such income to be included, and the valuation of Bitcoin remains unchanged), which is the same as the first quarter of 2023. Tesla's Bitcoin holdings have remained consistent for four consecutive quarters. As previously reported by BlockBeats, on July 21, 2022, Tesla's second-quarter financial report for 2022 showed that Tesla had converted about 75% of its Bitcoin holdings into fiat currency, increasing the asset-liability table by $936 million in cash for the second quarter. The average selling price of a single Bitcoin was about $29,000, and the related losses shown in the profit and loss statement were $106 million. As of the end of the second quarter, the total value of Bitcoin held by Tesla was approximately $218 million. [Original Link]
ChatGPT Plus users will be able to send up to 50 messages to GPT-4 every 3 hours
OpenAI has doubled the number of messages that ChatGPT Plus users can send to GPT-4, which is now 50 times every 3 hours. The new limit will take effect next week. [Original Link]
Funding
Modular DEX infrastructure Native receives strategic investment from Cypher Capital
Modular DEX infrastructure Native has reached a partnership agreement and signed a financing agreement with Web3 venture capital fund Cypher Capital. The specific amount has not been disclosed. Both parties will focus on expanding the Middle East and North African markets and help enterprises and developers quickly build applications into DEX using Native's financial infrastructure layer. [Original Link]
The social feed application Interface announced the completion of a $1.4 million seed round of financing, with Polymorphic Capital and Mask Network co-leading the investment. Seed Club, Caballeros Capital, Safe Ecology Fund, and angel investors Blake Gao, Anton Bukov, Sergej Kunz, Arthaud Mesnard, Andrey Scherbovich, and Will Papper also participated. [Original Link]
LBank Labs announced investment in fund management company Symbolic Capital.
According to official sources, LBank Labs has announced an investment in Symbolic Capital, a well-known fund management company. Symbolic Capital is a venture capital fund co-founded by Sandeep Nailwal, the founder of Polygon, and Kenzi Wang, a partner at Borderless Capital. Based on the founders' personal experience in overcoming early financing barriers, Symbolic Capital focuses on identifying and nurturing the best Web3 industry founders. Despite the "funding winter" in the cryptocurrency industry, Symbolic Capital remains optimistic about the future of Web3, seeing it as the next evolution of the digital ecosystem. Symbolic Capital is the tenth fund in LBank Labs' FOF strategic investment and plans to continue expanding FOF investments in the coming months to strengthen coordination and network effects between investment portfolios.
Regulation
According to CoinDesk, Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), proposed an additional budget of $72 million for the SEC at the US Senate Appropriations Committee. He stated that the SEC must expand its scale, including protecting investors from the impact of the cryptocurrency industry "filled with violations". In his speech, he said, "We have seen the 'Wild West' of the cryptocurrency market, filled with violations, and investors have put hard-earned assets at risk in highly speculative asset categories." In 2023, the SEC employed 4,685 employees, about half of whom focused on law enforcement inspections. In addition to providing annual funding for employees hired in 2023, applying for additional budget will also help the SEC add about 170 positions to its team, or increase the total number of full-time employees at the SEC to 5,139. [Original Link]
Bill Hughes, a lawyer at ConsenSys, a company that develops Ethereum infrastructure, recently posted on social media that US Senators Warren, Marshall, Lummis, and Gillibrand have just proposed an amendment focused on cryptocurrency. The first two are well-known critics of cryptocurrency, while the latter two are well-known supporters, making the proposal somewhat unique. The bill requires the US Department of the Treasury, the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and other agencies to establish a process over the next two years to examine currency service businesses, broker-dealers, futures commission merchants, and other regulated entities to ensure that their anti-money laundering plans are strong enough to address the risks posed by cryptocurrency activity and to fulfill reporting obligations. The bill also places anti-money laundering reporting responsibilities on cryptocurrency self-service terminal operators, and requires the US Department of the Treasury to issue compliance guidelines on stablecoin issuer sanctions within 120 days of the bill's enactment, as well as stablecoin issuers' responsibility for user transactions that violate the sanctions regime. The bill further requires FinCEN to submit a report on the operation and use of cryptocurrency mixing and laundering protocols within one year. [Original link]
Kuwait financial regulatory agency issues cryptocurrency ban
The Capital Markets Authority (CMA), the main financial regulatory agency in Kuwait, has issued a notice regarding the regulation and issuance of virtual assets in the country. The notice states that Kuwait "absolutely prohibits" the use of cryptocurrencies for payment, investment, and mining. The notice also prohibits local regulatory agencies from issuing any licenses that allow companies to offer virtual asset services as a commercial business. Meanwhile, securities and other financial instruments regulated by the Kuwaiti central bank and CMA are not subject to the latest ban. In addition to the above ban, the CMA also urges users to be cautious and aware of the risks associated with handling virtual assets. The regulatory agency stated that cryptocurrencies do not have legal status and are not issued or supported by any government. [Original article]
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