Web3 Daily | CoinDesk reaches sale transaction of nearly $125 million; a16z has recently transferred a total of 12,864 MKR to Coinbase.
Selected News:
1. WSJ: Cryptocurrency media CoinDesk is close to reaching a sale agreement with an investor group for approximately $125 million.
2. On the TRON blockchain, there are 60,000 BTC that may or may not correspond to actual assets, accounting for 50% of the total value locked (TVL) on the JustLend platform.
3. Data: a16z has recently transferred a total of 12,864 MKR to Coinbase, and 6 hours ago transferred 6,900 MKR to a new address;
4. Tesla has removed the "bitcoin" related source code from its payment page.
5. OpenEx has completed a Pre-A round of financing with a valuation of $50 million, with participation from C² Ventures and others.
Project Updates
The Block: FTX accuses SBF of using company funds for his criminal defense
According to The Block, FTX has filed a new lawsuit against SBF and other FTX executives, accusing SBF of illegally misappropriating over $1 billion in company assets, some of which were used to fund his own criminal defense.
The documents show that SBF had transferred $10 million of funds from FTX to his father for legal fees. In addition, SBF supported his brother Gabriel in using FTX Foundation funds to purchase a plan for the sovereign state of Nauru, in order to create a safe haven after the end of the world, and is considering using this sovereign state to create a human genetics laboratory. [Original Link]
Tesla has removed "bitcoin" related source code from its payment page.
According to BlockBeats, Tesla has removed the "bitcoin" related source code from its car purchase payment page. The last modification date of the js code file was in the early morning of July 21st Beijing time.
Yesterday, a user discovered the word "bitcoin" in the source code of Tesla's car purchase payment page, and this news has been spread to some extent in both English and Chinese encryption communities. The final update time of the source file was in July 13th, but it does not mean that the "bitcoin" related code was added on July 13th, and it cannot be proved whether Tesla has deleted the relevant code after canceling support for bitcoin payment in May 2021.
OpenSea has launched a NFT exchange feature called "Deals".
OpenSea has launched a NFT exchange feature called "Deals", which allows users to directly initiate NFT exchanges with others by combining NFTs and WETH. [Original article link]
WSJ: Crypto media CoinDesk is close to selling to an investor group for $125 million
According to sources cited by The Wall Street Journal, an investor group is close to acquiring the cryptocurrency media outlet CoinDesk for $125 million. The sources said that the investment group is led by Matthew Roszak of Tally Capital, a private investment firm focused on cryptocurrencies and Web3 technology, and Peter Vessence of Capital6, a venture capital firm and family office for wealth management.BlockBeats previously reported that in January of this year, Kevin Worth, CEO of CoinDesk, a cryptocurrency media outlet under Digital Currency Group, said that when seeking funding for its future development, CoinDesk may seek to sell all or part of itself. Worth said that CoinDesk has received "many inquiries about potential investments" in the past few months.
CoinDesk was originally acquired by DCG for about $500,000 to $600,000 in 2016. The company has not disclosed its current valuation. [Original Link]
FTX sues SBF and its partners for improper trading amount exceeding 1 billion US dollars
According to Bloomberg, FTX has filed a lawsuit against SBF, co-founder and CTO of FTX, Gary Wang, former engineering director Nishad Singh, and Caroline Ellison, co-CEO of Alameda Research, for improper trading amounting to over $1 billion. They are accused of engaging in various fraudulent transfers that benefited them personally but did not help FTX in any way.
The indictment alleges that SBF and Gary Wang withdrew $546 million from Alameda in May 2022 to purchase shares of Robinhood Markets. They provided false loans to Alameda that did not require executives to provide any collateral and had interest rates lower than the commercial market rate. The lawsuit alleges that the only authorization for Alameda to issue loans came from Ellison. SBF, Wang, and Singh are also accused of using false loans to purchase shares worth $250 million from FTX at the time. [Original Link]
The Mina development team at O(1) Labs announced on social media that their proposal to use ZKP (Zero-Knowledge Proof) in the Optimism ecosystem has been adopted by the Optimism Foundation. O(1) Labs plans to introduce the Kimchi zero-knowledge proof system used on Mina to enhance transaction privacy protection on the Optimism mainnet and related sidechains. [Original Link]
According to Scam Sniffer's post on social media, the hacker who attacked Uniswap founder Hayden Adams' Twitter account has been very active since April and has created more than 23 phishing websites in the past few months, stealing about $3.6 million from 358 victims. The hacker is also related to the phishing attack on April 30th, which stole $2.28 million worth of USDC through ERC20 permit.
According to previous reports by BlockBeats, on July 21st, Uniswap founder Hayden Adams' Twitter account was briefly attacked, and multiple tweets containing links to phishing websites were sent. Currently, Hayden has stated that he has successfully regained control of his account and the related phishing tweets have been deleted. [Original article link]
BSC network has integrated PENDLE and opened deposits and withdrawals
Binance announced that it has completed the integration of Pendle (PENDLE) on the BSC chain (BEP20), supporting the deposit and withdrawal of Pendle (PENDLE).
国内区块链平台性能首次突破 20 万 CTPS Translation:
Domestic blockchain platform performance breaks through 200,000 CTPS for the first time
The performance indicators of domestic blockchain manufacturers have exceeded 200,000 CTPS for the first time, and the on-chain throughput capacity has been greatly improved. It is reported that this is the best result achieved by the Institute of Information and Communications in a unified hardware environment with 4 nodes, and it was achieved by the domestic independently controllable blockchain platform AntChain.
CTPS (Confirmed Transactions Per Second) refers to the number of transactions per second that are confirmed and added to the blockchain, representing the throughput capacity of the blockchain platform. The higher the value, the better the platform performance. Compared with 2019, the CTPS of domestic blockchain manufacturers has increased 8 times in four years. In addition, in the testing environment with 16 nodes, AntChain achieved the best result of over 180,000 CTPS.
Aave community initiates temperature check vote to introduce PSM module for GHO
Snapshot voting page shows that the Aave community has initiated a temperature check vote for the proposal of introducing the "GHO Stability Module" to decide whether to adopt the GHO PSM (Anchor Stability Module). This module is a contract that can seamlessly convert two tokens at a predetermined rate, a mechanism that has been proven effective by many stablecoin projects such as MakerDAO in maintaining stable exchange rates. The design of the GHO Stability Module is influenced by existing models, allowing users to convert between GHO and governance-accepted stablecoins at a predetermined rate.
However, the design of the GHO stability module also has unique features, such as pricing strategies, debt ceilings, capital allocators, emergency liquidation, etc.
If this vote is approved by the community, the GHO stability module codebase will be audited and shared with the community, and governance will be able to decide on the configuration of many features of the GHO stability module in the next phase of the governance process. The voting deadline is July 23, and the current approval rate is 100%. [Original Link]
DID startup Intuition is building a full-stack solution "Git for knowledge"
Intuition plans to publicly release its protocol and first batch of applications later this year. Intuition's protocol and middleware allow developers to easily integrate their company's proofs and knowledge graphs into their own applications. Intuition will initially launch with a knowledge graph browser built on top of the protocol and will directly display human-readable data about network wallet addresses. [Original Link]
Moonbirds Mythics has been launched, and the official reminder is that there is no public offering.
NFT project Moonbirds announced that the total amount of 20,000 Mythics series is now online. 50 Mythics Eggs will be activated every day, and 50 Oddities will be destroyed. Users can log in to the PROOF website to check if their NFTs have been selected. The activated Mythics Eggs will update their metadata, and users can go to PROOF to view the new Mythic. If the Oddity nominated by the user is selected for sacrifice today, it will be automatically destroyed, and the Mythic will be airdropped to the user's wallet. [Original Link]
MakerDAO suspends lending to Harbour Trade credit pool
The proposal voting page shows that the MakerDAO community unanimously agrees to stop providing additional loans to the credit pool managed by financial technology company Harbour Trade. The MakerDAO governance post stated: "Although Harbour Trade has verbally promised to stop additional withdrawals and voluntarily close the treasury, community members are concerned about the existing 7 million debt ceiling and the potential increased risk exposure of the treasury."
It is reported that Harbor Trade Credit Pool has minted approximately $1.5 million worth of DAI stablecoin from MakerDAO and provided a loan to a consumer electronics company as collateral. The borrower failed to repay the $2.1 million debt due in April. [Original article link]
Coinbase Protocol Manager: Multiple ZK-Rollup Implementations Expected in Next Year's OP Stack
According to The Block, Jesse Pollak, the protocol lead at Coinbase, said in an interview at the EthCC Paris conference that by 2024, there will be multiple ZK-Rollup implementations (in the form of ZK-provers) in the OP Stack. Networks such as Base, OP Mainnet, and others that use its codebase will adopt these technologies.
On May 30th, the Optimism Foundation proposed a ZK-Proof proposal for OP Stack design. Pollak said that three teams applied, including RISC Zero and O(1) Labs (the company behind the L1 network Mina). [Original article link]
According to The Block, Coinbase will shut down its lending program for retail customers, which allows users to use their Bitcoin as collateral to obtain cash loans. Coinbase stated that it has decided to fully close Coinbase Borrow for retail customers from November 20, 2023. Affected loan holders have been notified and additional measures have been taken to ensure a smooth transition, including providing a four-month loan repayment period and priority customer support through Coinbase One.
BlockBeats previously reported that on May 4th, Coinbase will suspend its Bitcoin collateralized loan service for users. Starting from May 10th, users will no longer be able to obtain new loans through Coinbase Borrow, while outstanding loans will not be affected. Previously, Coinbase Borrow provided Bitcoin collateralized loans of up to $1 million, but only in certain states in the United States. [Original Link]
Github has launched the limited public beta version of its AI programming assistant, Copilot Chat.
According to official sources, Github has launched the limited public beta version of its AI programming assistant, Copilot Chat. Developers will be able to easily handle complex tasks with simple prompts using Copilot Chat. Github stated that this tool will greatly reduce the barrier to entry for development and significantly improve development efficiency.
The goal of GitHub's launch of Copilot Chat is to directly integrate context-aware AI conversation assistants into integrated development environments (IDEs) such as Microsoft Visual Studio and VS Code. [Original article link]
According to Bloomberg, Terraform Labs filed a motion on Wednesday in the FTX bankruptcy case, requesting non-public information on the digital wallets used by short sellers from March to May last year on FTX's international and US trading platforms, as well as information on the wallets used by Jump Trading. Terraform Labs stated that this data will help them defend against fraud charges brought by the US Securities and Exchange Commission (SEC).
Terraform's lawyers claim that they cannot be held responsible for the failure of the token and should instead blame the coordinated attack of short sellers. Do Kwon and others have claimed that FTX's sister trading company, Alameda Research, is the mastermind behind the crash of TerraUSD/Luna. [Original link][Link]
According to Bitcoin Magazine, the CEO of Cboe stated that "we will continue to provide more information to regulatory agencies so that they can approve our application for a spot Bitcoin ETF. We hope they can obtain all the information we have."
BlockBeats previously reported that on July 11th, Cboe submitted revised documents for 5 proposed spot Bitcoin ETFs, stating that they had reached an agreement with Coinbase. [Original Link]Alameda Research former co-CEO: FTX's cash deficit exceeded $10 billion in March 2022
According to Bloomberg, the latest court documents show that FTX Exchange has been misappropriating customer funds and abusing them since its inception. FTX founder SBF and other executives estimate that FTX owes customers more than $8 billion as early as August 2022 and cannot repay it. To cover up the shortfall, they created a fake account called "Korean Friend" on the platform. Private estimates by SBF and others show that FTX's cash shortfall may exceed $10 billion.According to the document, Caroline Ellison, former co-CEO of Alameda Research, estimated in her private notes in March 2022 that FTX's cash deficit alone exceeded $10 billion. [Original Link]
数据
translates to
Data
in English.
Data: The Compound team's associated address deposited 20,000 COMP into Coinbase 2 hours ago.
According to Lookonchain monitoring, a certain whale address related to the Compound team deposited 20,000 COMP (approximately $1.5 million) into Coinbase 2 hours ago. The whale currently holds 402,462 COMP on Compound (approximately $29.8 million). [Original article link]
ARKM rose sharply in the short term, breaking through $0.64, with a maximum increase of over 12% in 4 hours.
According to Bitget market data, Arkham (ARKM) has risen and broken through $0.64 in a short period of time, with a current price of $0.6400 and a maximum increase of over 12% in the past 4 hours.Famous encryption KOL @ErgoBTC posted on social media that there are 60,000 TRC-20 BTC on the TRON network that seem to have never been backed by actual assets. These possibly unsecured BTC are currently stored in the JustLend protocol, which means that the unsecured TVL has reached 1.8 billion US dollars, accounting for about 50% of the current TVL of JustLend.
@ErgoBTC added that compared to WBTC, BTC on the TRON network (TRC-20 BTC) can be said to have no transparency, and information about custodians is also difficult to find. After manual investigation, it is also impossible to clearly find the supporting asset address of a total of 114,000 TRC-20 BTC on the Bitcoin blockchain from the TRON network. [Original Link]
CoinGecko recently released its Q2 2023 cryptocurrency industry report, which shows that the spot trading volume of the top 10 decentralized exchanges in Q2 decreased by 30.8% to $155 billion. Uniswap remains the top DEX with a market share of 70% in May.
In addition, although Curve launched the crvUSD stablecoin in May, its trading volume did not show a significant increase, and as of June, its market share was only 11%. [Original article link]
Coinglass: Bitget's ETH contract trading volume ranks third among global CEXs, and BTC ranks fourth
According to Coinglass data, Bitget ranks third globally in ETH contract trading volume and fourth in BTC among CEX platforms. In addition, looking at the recent hot token XRP, Bitget ranks third and sixth in global market Open Interest for XRP/USDT and XRP/USD contracts, respectively.Data: A whale address buys 51,000 USDC to purchase 333.8 billion PEPE again
According to Spot on Chain's on-chain data monitoring, a whale exchanged 510,000 USDC for 333.8 billion PEPE tokens at an average price of $0.0000001528, through the address "0x31f" 4 hours ago.
Through on-chain data, it was discovered that the whale currently holds a total of 4.1 trillion PEPE tokens, worth approximately $6.16 million. It is understood that this whale previously received USDC from an address starting with "0x9e0" and made a profit of $14.53 million by trading PEPE. [Original article link]
Additionally, CMS Holdings deposited 525 MKR (approximately $614,000) to Binance 2 hours ago. Currently, the CMS Holdings address still holds 800 MKR (approximately $936,000).
[Original Link]The cryptocurrency analysis platform CCData released a report stating that from the beginning of this month to July 17th, the total market value of stablecoins dropped to $127 billion, accounting for 10.3% of the total market value of cryptocurrencies, a slight decrease compared to June. The market value of stablecoins has been declining for 16 consecutive months, falling to nearly a two-year low.
As of July 17th, the market value of the largest stablecoin, USDT, reached $83.8 billion, reaching a historic high and accounting for 65.9% of the stablecoin market value share.
In addition, the market capitalizations of USDC and BUSD have fallen by 3.01% and 4.57%, respectively, reaching $26.9 billion and $3.96 billion. Among the top ten stablecoins by market capitalization, Pax Dollar (USDP) has experienced the largest decline in market capitalization, falling by 43.1% in July to a new low of $563 million since December 2020. [Original Link]
Data: Linea mainnet has crossed 6325 ETH, with over 26000 interacting addresses
According to data from Dune, the Linea mainnet has crossed 6325 ETH with a total of 28982 transactions and 26789 interacting addresses. As previously reported by BlockBeats, 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.MKR short-term breakthrough $1250, 24-hour increase of 14.6%
According to OKX market data, MKR has broken through $1250 in the short term and is currently priced at $1168, with a 24-hour increase of 14.6%.ConsenSys sells 15,000 RPL for approximately 480,000 USDC
According to Spot On Chain monitoring, ConsenSys sold 15,350 RPL tokens 6 hours ago in exchange for 477,940 USDC. It is reported that ConsenSys received these RPL tokens as a reward from Oracle DAO between December 21, 2021 and July 1, 2023, and sold them all during the past week's price drop. [Original article link]Messari: Avalanche Q2 revenue increased by 173.1% QoQ, TVL decreased by 19.4% QoQ
Messari has released Avalanche's Q2 2023 report, which shows that the daily active addresses and transaction volume on Avalanche C Chain have increased by 132.1% and 162.2%, respectively. AVAX revenue increased by 173.1% (150.3% in USD) compared to the previous period. The increase in revenue is partly due to a 5.9% increase in transaction fees, but mainly due to the increase in LayerZero activity.
Avalanche's TVL denominated in USD decreased by 19.4% MoM, while TVL denominated in AVAX increased by 9.7%, indicating that new capital inflows have driven TVL relative to asset prices denominated in USD. Avalanche's NFT industry Q2 sales volume decreased by 38.3% MoM, and the number of independent NFT buyers decreased by 49.8% MoM. [Original article link]
Funding
DAO registration service provider MIDAO has completed a $1 million financing round with participation from The LegalTech Fund, FJ Labs, and angel investor Balaji Srinivasan, former CTO of Coinbase. The funding will enhance MIDAO's core product, providing legal recognition for Web3 projects and DAOs, and help ensure contributor liability protection. It will also expand MIDAO's global network of Web3 lawyers and professional service providers, as well as its service coverage worldwide.
MIDAO is a partner network consisting of over 300 reviewed Web3 lawyers, whose mission is to enable Web3 organizations in various industries to access legal and regulatory frameworks and provide services for existing DAOs seeking legal recognition. [Original Link]
The hybrid trading platform OpenEx has completed a Pre-A round of financing with a valuation of $50 million, and the amount has not been disclosed. C² Ventures, Agallochum Capital, TKX Capital and others participated in the investment, and the founder and CEO of Galxe and Fenbushi Capital also participated as individuals. The funds raised in this round will be used to improve the DApp trading experience and develop new financial products.
OpenEx is a hybrid trading platform that combines CEX and DEX. [Original link]
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