Top News:

1. Market News: The US House of Representatives and Senate have reached a bipartisan agreement on cryptocurrency legislation;

2. Paradigm has released a "Collaboration with Paradigm" announcement and introduced its focus on 10 areas of cryptography.

3. The US SEC accuses Quantstamp of conducting an unregistered securities offering with its IC0 in 2017.

4. Bloomberg: Ant Group plans to restructure to restart IPO, and its blockchain business will be spun off;

5. SyncSwap: The stablecoin USD+ will adjust its supply due to the EraLend incident, and LPs need to withdraw in a timely manner.

Project Updates

Paradigm has released an announcement of "Collaboration with Paradigm" and introduced its focus on 10 cryptographic fields.

Paradigm has announced on its official website that it hopes to collaborate with more outstanding talents in the cryptocurrency industry. Currently, it has the capability to engage in 3 to 5 new deep collaborations. Paradigm has revealed several cryptocurrency fields that it has been exploring:

1. Intent-based protocols and infrastructure; 2. Hooks based on Uniswap v4 (especially those focused on LP profitability and loss and rebalancing); 3. Infrastructure for a multi-chain world centered around Rollup; 4. Shared sorter; 5. On-chain games (the kind we would love to play); 6. Cryptonative social applications; 7. Prediction markets (creating markets with real liquidity); 8. Stablecoin payments/FinTech (as stablecoins mature and banking becomes more complicated); 9. On-chain treasuries (a natural step after stablecoins and before other real-world assets); 10. ZKP applications (currently there is an oversupply of ZKP capabilities: application development lags behind scientific and applied research).

OpenAI collaborates with Anthropic, Google, and Microsoft to establish a cutting-edge model forum.

OpenAI announced the establishment of the Frontier Model Forum in collaboration with Anthropic, Google, and Microsoft. The organization will focus on ensuring the safe development of future large-scale AI models.

Multi-chain liquidity protocol Symbiosis Finance has supported Mantle Network.

Multi-chain liquidity protocol Symbiosis Finance announced that it has supported the Ethereum L2 network Mantle Network.

Bloomberg: Ant Group Plans Restructuring to Restart IPO, Blockchain Business to Be Independent

According to Bloomberg, Ant Group is planning a major restructuring to spin off its non-core financial businesses, including blockchain and database management services, as well as international operations, in order to apply for a financial holding company license and pave the way for the company's first public offering (IPO) in Hong Kong.

CoinGecko has added a Bitcoin Ordinals NFT section.

The encrypted data analysis website CoinGecko has added a Bitcoin Ordinals NFT section, where users can view the floor price, trading volume, and market value of the Bitcoin Ordinals ecosystem NFT series.

OKX Web3 wallet launches Worldcoin (WLD) trading and staking series activitiesAccording to official sources, OKX Web3 wallet has now launched a series of Worldcoin (WLD) trading and staking activities. The activities consist of three parts: trading WLD to win rewards and gas subsidies, as well as staking WLD to earn ETH. Users can participate immediately for a chance to win multiple rewards. The activity period is from 17:00 on July 26th to 23:59 on August 9th (UTC+8).

Binance will delay the launch of First Digital USD (FDUSD).

According to an official announcement, Binance will halt trading of First Digital USD (FDUSD) on July 26 at 17:45 due to technical issues with the liquidity provider for the FDUSD trading pair. Spot trading pairs BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT will resume trading on July 26 at 22:00.

SyncSwap: The stablecoin USD+ protocol has resumed operation, and all USD+ liquidity pools on the platform are now enabled.

Decentralized trading platform SyncSwap, based on zkSync, announced that asset management protocol Overnight Finance has successfully adjusted the supply of stablecoin USD+ on zkSync. The USD+ protocol has fully recovered and can operate normally. SyncSwap also added that all USD+ liquidity pools on SyncSwap are now enabled.

Binance will destroy some unused Binance-Peg tokens today

Binance announced that it will destroy some idle Binance-Peg tokens later today and release collateral assets on the source chain. The tokens include BUSD on Tron, BNB Chain, and Avalanche C Chain, as well as USDC on BNB Chain.

Warning: New malware Realst is launching large-scale attacks against macOS systems. Users need to be vigilant to protect their cryptocurrency and sensitive information.

23pds, Chief Information Security Officer of SlowMist, issued a warning that a new malware called Realst has emerged, targeting Apple macOS systems on a large scale, including the latest macOS 14 Sonoma. It is written in Rust language and steals cryptocurrency assets and sensitive information such as passwords from victims after being attacked. It is strongly recommended that all macOS users be vigilant and take necessary security measures to prevent their sensitive information and cryptocurrency assets from being stolen.

Wormhole Connect released version v0.0.7

The cross-chain protocol Wormhole has announced the release of version v0.0.7 of its cross-chain integration solution, Wormhole Connect. This version integrates with the Aptos network, allowing any Aptos developer to seamlessly add bridging functionality to their DApp with just 3 lines of code.

Cosmos ecosystem EVM compatible chain Evmos will launch Evmos 2.0 on August 2nd.

The Cosmos ecosystem EVM compatible chain Evmos will launch Evmos 2.0 on August 2nd. The update includes enabling StakeFi and IBC composability through Evmos EVM extensions, Evmos v2 token economics, and value consistency with future Evmos SDK chains through software licensing.

Coinbase: Has opened up trading services for 8 tokens including BLUR and ARB to German residents

According to official sources, cryptocurrency trading platform Coinbase has opened up trading services for 8 tokens, including HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, and ATA, to residents of Germany.

Chain game Axie Infinity launches Origins Season 5.

According to official sources, blockchain game Axie Infinity has launched Origins Season 5, which introduces a series of new features including new beginner axes Momo, Pomodoro, and Venoki, rewards for collecting axes, epic and mysterious runes, and reduced minting costs for talismans. In addition, there will be a total of 112,000 AXS rewards in weekly tasks.

The Metaverse project NFT Worlds announced a name change to HYTOPIA.

The NFT Worlds project of the Metaverse industry announced on social media that it will undergo another brand iteration and officially change its name to HYTOPIA. After the renaming, the project's token will still be TOPIA, and related contracts will not be migrated.

BAYC official event Hong Kong ApeFest ticket collection will open at 8:00 am on July 27th

According to official sources, the ticket registration for BAYC's official event, ApeFest in Hong Kong, will open at 8:00 am on July 27th. Users are advised to download and set up the tokenproof application prior to the ticket registration.

SyncSwap: Stablecoin USD+ will adjust its supply due to the EraLend incident, LPs need to withdraw in time

Decentralized trading platform SyncSwap, based on zkSync, announced that the stablecoin USD+ issued by Overnight.fi has been affected by the attack from EraLend. The team will adjust the token supply around 3:00 PM Beijing time today to restore the USD+ peg. If users have USD+ liquidity on SyncSwap, they need to complete the withdrawal before the token supply adjustment.

USD+ team will take snapshots for USD+ holders and liquidity providers to distribute funds recovered from EraLend, but only those who withdraw will be included in the snapshot. SyncSwap also added that all other liquidity pools are not affected, such as zkUSD or BUSD.

Binance will launch First Digital USD (FDUSD) and launch FDUSD zero transaction fee promotion

According to the official announcement, Binance will launch a new stablecoin, First Digital USD (FDUSD), and open new spot trading pairs at 08:00 (UTC) on July 26th. In addition, a zero maker fee promotion will be launched for the FDUSD trading pairs. During the promotion period, all users can enjoy zero maker fees on all FDUSD spot trading pairs and any new FDUSD spot and margin trading pairs.

According to the information on the FDUSD official website, FDUSD (First Digital USD) is a stablecoin issued by FD121 Limited that is pegged 1:1 to the US dollar. It is a programmable stablecoin that can execute financial contracts, custody services, and insurance without intermediaries. It is supported by high-quality reserves (cash and cash equivalents), and its reserve accounts are audited by independent third parties such as Prescient Assurance. FDUSD can be used on Ethereum and BNB Chain, and there are plans to support more blockchains in the future.

Chainalysis announced a strategic alliance with Deloitte to provide digital asset data and analysis solutions and services.

Blockchain analysis company Chainalysis has announced a strategic alliance with the Big Four accounting firm Deloitte to help their mutual clients address compliance challenges in the digital asset ecosystem. Through the alliance, Chainalysis and Deloitte's mutual clients will be able to leverage Chainalysis' proprietary blockchain data set, industry-leading analysis software and training programs, as well as Deloitte's services to help manage investigations, investigations and compliance plans.

Chainalysis will collaborate with Deloitte on blockchain and digital asset practices related to risk, analysis, investigation, anti-money laundering/KYC, and regulatory compliance. In addition, Deloitte will expand its team of certified professionals trained in Chainalysis products focused on blockchain analysis and investigation.

OPNX launches second Launchpad project: Gameplan, a metaverse platform for sports

According to official sources, the cryptocurrency claims and trading platform OPNX will launch its second Launchpad project: Gameplan, a sports metaverse platform founded by UFC champion Khabib Nurmagomedov and Magomed Kurbaitaev. The project aims to provide sports fans with a one-stop platform for activities, games, shopping, and interaction with sports idols. Gameplan is led by Three Arrows Capital, and OX token holders can receive a portion of the Gameplan platform token GPLAN.

Espresso Systems and Caldera will collaborate to build Optimistic rollup in OP Stack

Blockchain infrastructure company Espresso Systems has announced a partnership with Rollup-as-a-Service (RaaS) company Caldera to introduce decentralized sequencing into the OP Stack. The team will build an optimistic rollup in the OP Stack, and the test network will soon be available to everyone. Caldera will provide the OP rollup interface, site hosting, block explorer, and indexer. Espresso Sequencer will work with the OP Stack to support developers in building decentralized rollups from the start of their release.

Binance introduces seed tags and watch tags to help users identify high volatility and high risk tokens

According to the announcement from Binance, due to the difficulty for users to distinguish tokens in the Innovation Zone and the main trading zone, Binance will launch Seed Tags and Monitoring Tags on July 26. Seed Tags will replace the Innovation Zone and apply to all tokens currently listed in the Innovation Zone, as well as innovative project tokens that will be listed in the future. These tokens may have higher volatility and risk compared to other listed tokens. In addition, Binance will also launch Monitoring Tags, which may have higher volatility and risk compared to other listed tokens.

According to the announcement, the observed tag tokens currently include: Akropolis (AKRO), AirDAO (AMB), Ark (ARK), Bitshares (BTS), Cream Finance (CREAM), DREP (DREP), aelf (ELF), FTX Token (FTT), Gifto (GFT), JasmyCoin (JASMY), Linear (LINA), Loom Network (LOOM), Enzyme (MLN), Multichain (MULTI), openANX (OAX), OmiseGO (OMG), Ooki Protocol (OOKI), PERL.eco (PERL), pNetwork (PNT), Ren (REN), Sonm (SNM), Serum (SRM), Tornado Cash (TORN), Voyager (VGX), WazirX (WRX), DFI.Money (YFII).

Multiple Starknet ecosystem projects release "7.28" teaser video, may jointly release event news

Multiple Starknet ecosystem projects have jointly released a video on their official social media platforms, implying that these projects may announce important news on July 28. The participating projects include: Starknet ecosystem wallet Braavos, Starknet liquidity protocol Nostra, Starknet AMM protocol Fibrous, mySwap, and more.

Cool Cats will release a limited edition Gen4 Collectible Avatars series on Reddit.

NFT project Cool Cats announced its participation in Reddit's Gen4 Collectible Avatars series, and its limited edition NFT series was released on Reddit on July 26th.

EraLend: Attacker Manipulates Oracle Price, Profits Approximately $2.76 Million from USDC Pool

EraLend officially released a hacker incident review, stating that the attacker obtained approximately 2.76 million US dollars from the USDC pool by manipulating the price of the oracle, while other fund pools remained safe and unaffected. The attacker used multiple bridges to disperse the vulnerable funds to multiple wallets on different blockchains. Currently, the funds are dispersed across 3 blockchains and 8 addresses. EraLend is actively collaborating with cross-chain bridges, security teams, trading platforms, and law enforcement agencies to investigate and track the flow of funds, with the primary task of recovering funds for protocol users. In addition, to limit further impact, EraLend has temporarily suspended borrowing, USDC supply, and SyncSwap LP supply, and significantly reduced the interest rate of the USDC pool to protect affected borrowing positions from potential liquidation during this period.

Japanese private blockchain operator Earlyworks has been approved for listing on Nasdaq.

According to GlobeNewswire, Earlyworks, a Japanese blockchain technology company that operates the private blockchain technology Grid Ledger System (GLS), announced that the IPO price of its 1,200,000 American Depositary Shares (ADS) is $5 per share. The ADS has been approved for listing on the Nasdaq Capital Market and is expected to begin trading on July 25, 2023, under the stock symbol "ELWS".

Exactly Protocol: EXA airdrop is now open for application

DeFi lending protocol Exactly Protocol has announced the launch of Exactly DAO governance token EXA on the OP Mainnet. The airdrop application was opened at 00:00 on July 26th, Beijing time. The total supply of EXA is 10 million, with the airdrop accounting for 1% and a linear unlocking period of 4 months. BlockBeats previously reported that fixed income protocol Exactly Protocol (formerly Exactly Finance) announced the completion of a $3 million seed round of financing in August 2021, led by venture capital fund Kaszek.

Braavos wallet launches multi-owner account function and has been open sourced

Starknet ecosystem's self-hosted wallet, Braavos, has announced the launch of a new feature called Multi-Owner Account (MOA), which has been open-sourced. Braavos aims to leverage the power of account abstraction to facilitate collaborative on-chain transaction management, unlocking advantages such as collaborative control, dynamic ownership structures, enhanced security, autonomous gas payments, and seamless dApp integration for the Starknet ecosystem team.

Solana ecosystem art market Exchange Art will expand to Ethereum mainnet

Solana ecosystem art market Exchange Art announced that it will expand to the Ethereum mainnet on August 1, aiming to become a multi-chain art market that allows creators to mint artworks on multiple blockchains in the same series. BlockBeats previously reported that Exchange Art completed a $3.2 million seed round financing in September 2022, with participation from CozomoMedici and others.

Optimism has launched the "Law of Chains" open neutral framework, and version 0.1 is now open for feedback.

Optimism (now renamed as OP Mainnet) has announced the launch of the "Law of Chains" open and neutral framework, which aims to provide reliable protection for participants in the Superchain ecosystem, promoting the core principles of user protection, decentralization, and economic autonomy as the foundation for developing the Superchain. The "Law of Chains" v0.1 version is now open for community feedback, and Optimism plans to officially introduce it into Optimism governance in the next quarter, while providing initial governance processes for new chains joining the Superchain ecosystem.

Palau launches pilot project for USD-backed stablecoin

According to a report by Cointelegraph, the Pacific island nation of Palau will launch a pilot project for a US dollar-backed stablecoin on July 26th local time. The stablecoin will be issued on the XRP Ledger and is the latest project to run on Ripple's CBDC platform, which was first introduced in May. The country will distribute the first batch of Palau stablecoins (PSC) to official employees participating in the pilot project.

DeFi yield aggregator Yearn launches hacker public challenge plan for v3 version

DeFi yield aggregator Yearn has announced on social media that its v3 version has undergone multiple audits and internal reviews, and will now launch a hacker challenge plan. If a hacker can successfully obtain funds from the Yearn v3 Vault, Yearn will not pursue legal action.

Data

马斯克转发 DogeDesigner「X」相关视频推文，DOGE 应声涨超 5% Translation:

Musk retweeted DogeDesigner "X" related video tweet, DOGE rose more than 5% in response.

Elon Musk retweeted the new logo of Dogecoin and My Doge wallet UX/UI graphic designer DogeDesigner, which is related to the X video tweet. Since then, DOGE has risen more than 5%, and is now priced at $0.08. BlockBeats notes that Musk has recently tweeted about Doge multiple times, causing short-term increases in DOGE, and his personal social media account has been changed to XD (Twitter X+DOGE symbol). Meme coins are highly volatile, so users should be aware of the risks.

Data: LayerZero has transmitted over 50 million pieces of information across chains

According to official data, the cross-chain interoperability protocol LayerZero has transmitted over 50 million pieces of information between different chains.

Paradigm withdrew 3000 MKR from its address by unlocking them 10 hours ago

According to Lookonchain's monitoring, Paradigm's address unlocked 3000 MKR (worth about $3.37 million) 10 hours ago. In addition, on March 16th, Paradigm transferred 26,625 MKR (worth about $19.8 million) to Coinbase.

Data: Starknet bridge user volume exceeds 600,000

According to Dune data, the user count of Ethereum Layer2 scaling solution Starknet bridged has reached 604,950, with bridged storage value of 141,741 ETH.

Data: About 126,000 Worldcoin users have claimed over 3.16 million WLD airdrop tokens

According to Dune Analytics data, there are currently 126,481 Worldcoin users who have claimed 3,161,511 WLD tokens, accounting for approximately 7.3% of the total airdrop amount. As previously reported by BlockBeats, the maximum circulating supply of WLD at launch was 143 million tokens, with 43 million tokens being distributed to users who verified their World ID through Orb during the project's pre-launch phase, and 100 million tokens being loaned to market makers outside the United States. It is reported that the Worldcoin project's pre-launch phase will run from May 2021 to July 2023, during which over 2 million people in more than 30 different countries have verified their World ID on Orb.

Funding

Valhalla Ventures launches its first flagship fund of $66 million

According to PR Newswire, early-stage venture capital firm Valhalla Ventures announced the launch of its first flagship fund of $66 million, which will primarily invest in seed-stage companies in the deep tech and gaming sectors. Prior to raising the fund, Valhalla Ventures had invested approximately $27 million in eight companies in the deep tech, gaming, and blockchain sectors through SPVs.

Regulation

Market News: US House and Senate reach bipartisan agreement on cryptocurrency billAccording to Bitcoin News, the US House of Representatives and Senate have reached a bipartisan agreement on a cryptocurrency bill that would require cryptocurrency trading platforms to register with the US Commodity Futures Trading Commission (CFTC) and create a new regulatory framework for Bitcoin and the entire "alternative (non-traditional)" industry.

CME "Fed Watch": Probability of 25 basis point rate hike by the Fed in July is 99.6%

According to CME's "FedWatch" data, the probability of the Fed maintaining interest rates at 5.00%-5.25% in July is 0%, the probability of a 25 basis point rate hike to the 5.25%-5.50% range is 99.6%, and the probability of a 50 basis point rate hike to the 5.50%-5.75% range is 0.4%.

美 SEC accuses Quantstamp of conducting an unregistered securities offering in 2017

According to Blockworks, the US Securities and Exchange Commission (SEC) has charged Quantstamp's initial coin offering (ICO) in 2017 as an unregistered securities offering. According to legal documents, Quantstamp raised over $28 million by selling QSP tokens to approximately 5,000 investors. The documents also stated that the company planned to use the proceeds from the ICO to develop a protocol on the Ethereum blockchain that would provide automatic security audits for smart contracts. Quantstamp agreed to settle the charges without admitting or denying the SEC's findings, and will pay a civil penalty of $1 million, as well as nearly $2.5 million in disgorgement and prejudgment interest. The automated smart contract security auditing platform built by the company in June 2019 is no longer operational.

American Bankers Association: Stablecoins should be subject to strong regulation like banks

According to The Block, the American Bankers Association (ABA) stated that "in order to ensure effective consumer protection and financial stability, the stablecoin ecosystem, like the banking ecosystem, must be subject to strong regulation. We hope that the federal regulation of stablecoin issuers licensed by states will be at the same level as the current regulation of state-chartered banks."

South Korea's "Virtual Asset Crime Joint Investigation Team" officially established

According to a report by Yonhap News Agency, the "Virtual Asset Crime Joint Investigation Team" has been officially established in South Korea. Lee Yeon-sik, the South Korean prosecutor general, stated at the inauguration ceremony of the "Virtual Asset Crime Joint Investigation Team" that efforts should be made to eliminate risks in the early stages of the cryptocurrency market and promote stable development. He emphasized that eliminating risks such as fraud and regulatory evasion, improving market transparency and trust, can not only protect market participants but also contribute to the development of the national economy.

The cryptocurrency bill will be voted on for the first time in the US Congress this week.

According to Reuters, the US House Financial Services Committee will vote on several bills this week to establish a regulatory framework for cryptocurrencies. This will be a milestone for Congress to compile federal regulations for the digital asset industry. The legislation that the committee plans to consider includes a bill that will define when cryptocurrencies are securities or commodities, and another bill that will establish a regulatory system for stablecoins. This will be the first time that cryptocurrency regulation bills are put to a vote in Congress, and it is a victory for cryptocurrency lobbyists.

The Singapore High Court confirms cryptocurrency as property in the case involving Bybit.

The Singapore High Court has confirmed that cryptocurrencies can be held in trust as a form of property in a case involving Seychelles-based trading platform Bybit and a contractor. According to a court ruling released on Tuesday, Bybit sued Ho Kai Xin, alleging that she breached her employment contract and abused her power by transferring over 4.2 million USDT (a stablecoin issued by Tether) to an address she owned and controlled. Ho also transferred some fiat currency to her own bank account. Judge Philip Jeyaretnam said during the trial, "Like any other right that can be exercised, USDT can be held in trust." The judge's ruling also cited a public consultation response published by the Monetary Authority of Singapore on July 3, 2023, which "reflected the reality of being able to identify and segregate digital assets in practice" and supported the view that they can be held in trust. The judge also added that "in principle, holders of cryptocurrency have an intangible property right recognized by common law, which is an enforceable right in court."

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