Selected News:

1. PayPal will temporarily suspend cryptocurrency purchase services in the UK starting in October, with plans to resume early next year.

2. The Kenyan government has requested the parent company of Worldcoin to stop collecting personal data in May.

3. Binance will delist some BUSD trading pairs on August 18th.

4. Base Ecology Loan Agreement SwirlLend suspected of running away, the agreement token and TVL are close to zero.

5. Coinbase has been approved to offer cryptocurrency futures trading to eligible US customers.

Project Updates

欧易 OKX will launch Lybra Finance (LBR) trading at 15:00 today and recharge is now available.

According to official sources, Ouke (OKX) will launch Lybra Finance (LBR) trading on August 16 at 15:00 (UTC+8) and open the LBR/USDT trading pair. LBR deposits are now available, and LBR withdrawals will be available on August 17 at 18:00 (UTC+8). Lybra Finance is a pioneering decentralized financial protocol dedicated to bringing stability to the volatile cryptocurrency market through its innovative stablecoin eUSD. Currently, eUSD is the top-ranked stablecoin in terms of market capitalization among stablecoins collateralized by LST.

PayPal will temporarily suspend cryptocurrency purchase services in the UK from October and is expected to resume early next year.

According to Cryptoslate, PayPal sent an email to some users on August 14th stating that due to new regulations introduced by the UK Financial Conduct Authority (FCA), PayPal will temporarily suspend its cryptocurrency purchase services in the UK starting from October 1st, 2023, and will resume in early 2024, with no specific date yet. Despite being unable to purchase cryptocurrency, PayPal stated that users will be able to hold and sell their cryptocurrency during the service interruption period. At the same time, PayPal did not specify whether users will be able to transfer their cryptocurrency to other wallets and trading platforms. However, PayPal assures users that their cryptocurrency is still safe and that holding cryptocurrency will not incur any fees.

Binance will delist EPX/BUSD, GAL/BUSD, GMX/BUSD and other cross-margin and isolated margin trading pairs

According to the official announcement, Binance Leveraged Tokens will remove EPX/BUSD, GAL/BUSD, GMX/BUSD, HIVE/BUSD, KLAY/BUSD, RAD/BUSD, TVK/BUSD cross and isolated margin trading pairs on August 24, 2023 at 14:00 (GMT+8).

The Kenyan government has requested the parent company of Worldcoin to stop collecting personal data in May.

According to TechCrunch, a letter sent to Tools for Humanity, the parent company of Worldcoin, revealed that the Kenyan Office of the Data Protection Commissioner (ODPC) ordered it to stop collecting personal data through iris scanning, facial recognition, and other means in Kenya in May. The letter showed that the agents failed to inform individuals of the data security and privacy measures taken, as well as how the collected data would be used or processed.

Binance will delist some BUSD trading pairs on August 18th

According to an official announcement, Binance will delist and cease trading for the following spot trading pairs on August 18th at 11:00: CKB/BUSD, FARM/BUSD, ORN/BUSD, REN/BUSD, SKL/BUSD, UFT/BUSD, ZEN/BUSD, ZRX/BUSD.

Viewpoint

Vitalik: The note-taking function of the X platform may be the closest example of "cryptographic value" in the mainstream world.

Ethereum co-founder Vitalik Buterin shared his thoughts on the Community Notes feature of X platform (formerly Twitter). Community Notes is a fact-checking tool that sometimes adds contextual annotations to tweets as a tool for fact-checking and combating misinformation. It was originally called Birdwatch and was first launched as a pilot project in January 2021. Vitalik said that what interests him most about Community Notes is that, although it is not a "crypto project," it may be the closest thing to a "crypto value" instance seen in the mainstream world. Community Notes are not written or planned by a centralized group of experts; instead, they can be written and voted on by anyone, and which annotations are displayed or not displayed is entirely determined by open-source algorithms. The Twitter website provides detailed and extensive guidelines describing how the algorithm works, and users can download data containing published annotations and votes, run the algorithm locally, and verify that the output matches the content visible on the Twitter website. It is not perfect, but surprisingly, it comes close to meeting the ideal of trustworthy neutrality. At the same time, even in controversial situations, it is impressively useful.

Data

Bitcoin volatility index rose to 38.81 yesterday, with a daily increase of 1.94%.

The BitVol (Bitcoin Volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX rose to 38.81 yesterday, up 1.94% from August 14. BlockBeats Note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility derived by using the B-S option pricing formula and substituting the actual option price and other parameters except for the volatility σ into the formula. The actual price of an option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations of the future market, and is regarded as the closest to the true volatility at that time.

Yesterday's total trading volume in the cryptocurrency market was 36.355 billion US dollars, with a daily increase of 4.76%.

According to CoinGecko data, the total trading volume of the cryptocurrency market on August 15th was 36.355 billion US dollars, which increased by approximately 4.76% compared to August 14th (34.703 billion US dollars).

Data: An address starting with 0x74c deposited 60 million USDC into Circle in the past 7 days.

According to Lookonchain's monitoring, the address starting with 0x74c, labeled as Fund, has deposited a total of 60 million USDC into Circle in the past 7 days, of which 47.4 million USDC was withdrawn from Binance.

Data: 553 million ARB transferred to 151 unlocked contract addresses 7 hours ago, worth approximately 631 million USD

According to Spot On Chain monitoring, 553 million ARB tokens were transferred from a Safe multi-signature address labeled "Arbitrum: Investors ARB Vesting" to 151 unlocking contract addresses approximately 7 hours ago, totaling around 631 million US dollars. Spot On Chain suggests that this may be in preparation for the first ARB investor unlock on March 16, 2024.

派盾：SwirlLend deployer address has transferred some funds to the Ethereum mainnetAccording to Pai Shield's monitoring, the SwirlLend deployer address has transferred tokens worth $289,000 from Base to the Ethereum mainnet. In addition, the SwirlLend protocol was also rug-pulled on the Linea network, and 94 ETH was transferred to the Ethereum mainnet. As of the time of writing, the deployer address has a balance of 165.6 ETH and 32,641 USDC on the Ethereum network. Earlier reports suggested that SwirlLend, a lending protocol in the Base ecosystem, may have exit scammed, with TVL dropping from $784,000 to $492,000, and the protocol's official Twitter account has been deactivated.

Scopescan: 49 million unlocked BLUR has been transferred to Coinbase

According to Scopescan, 49 million unlocked BLUR tokens (worth approximately $13.25 million) were transferred to Coinbase 5 minutes ago. Previously, on August 15th, 49.37 million BLUR tokens were unlocked and transferred to the address 0x0A0, worth around $13.95 million. BLUR tokens are unlocked on the 15th of every month, with a current monthly unlock amount of nearly 50 million tokens.

A trader won all 27 trades executed on GMX in the past 48 days, earning $186,000

According to Spot On Chain monitoring, the address starting with "0xd16b" won all 27 transactions executed on GMX in the past 48 days (with a winning rate of 100%), earning a total of $186,000 during this period. It is worth mentioning that all trades made by this trader were high-leverage BTC positions (ranging from 19x to 50x).

Base ecological lending protocol SwirlLend suspected of running away, protocol tokens and TVL have almost returned to zero

According to DefiLlama data, the TVL of SwirlLend, a lending protocol in the Base ecosystem, has dropped from $784,000 to $492,000. In addition, the official Twitter account of the protocol has been deactivated. According to on-chain information, the price of the SwirlLend protocol token, SWI, also dropped close to zero at 10 am this morning.

Upbit 上 SEI 24 小时成交额超 4 亿美元，占该平台总成交额 25.69%

Translation:

Upbit SEI's 24-hour trading volume on exceeded $400 million, accounting for 25.69% of the total trading volume on the platform.

According to Coingecko data, the SEI/KRW trading pair on Upbit has a 24-hour trading volume of over $400 million, which is nearly four times the trading volume of the BTC/KRW trading pair ($121 million) and accounts for 25.69% of the total 24-hour trading volume on the platform, making it the most active trading pair on Upbit. As a result of this trading pair, Upbit's 24-hour trading volume has increased by 121%. During the same period, SEI's trading volume on Binance was approximately $219 million.

Scopescan: LBR team transferred 800,000 LBR to OKX before listing their token on the exchange

According to Scopescan, the LBR team transferred 800,000 LBR tokens (worth approximately $1.84 million) to OKX before listing their tokens on the exchange. Additionally, another 50,000 LBR tokens were transferred to MEXC.

Regulation

Coinbase has been approved to offer cryptocurrency futures trading to eligible US customers.

Coinbase Financial Markets has obtained regulatory approval from the National Futures Association (NFA), a designated organization by the US Commodity Futures Trading Commission (CFTC), to operate as a Futures Commission Merchant (FCM) and offer federally regulated cryptocurrency futures trading to eligible US customers.

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