Selected News:

1. ZetaChain has completed a $27 million equity financing round, with participation from Jane Street Capital and others.

2. MakerDAO founder proposed to revise the Spark Protocol revenue sharing agreement to ensure that Aave receives 10% of the profits every quarter;

3. BitGo completed a $100 million financing at a valuation of $1.75 billion, with undisclosed investors.

4. Ledger has added support for purchasing cryptocurrencies through PayPal in Ledger Live;

5. CME Group and CF Benchmarks will launch Bitcoin and Ethereum reference rates for the Asia-Pacific region on September 11th.

Project Updates

Binance Futures will launch SEI perpetual contract on August 17th

According to official sources, Binance Futures will launch a U-based SEI perpetual contract with a maximum leverage of 20x at 10:30 on August 17th.

Dubai regulatory authorities have imposed fines of approximately $2.7 million and approximately $55,000 on OPNX and its founding team, respectively.

According to Bloomberg, the Dubai Virtual Asset Regulatory Authority stated that in the latest enforcement action against OPNX, a newly established digital asset trading platform by the co-founder of bankrupt Three Arrows Capital, the company was fined AED 10 million (USD 2.7 million) in May but has yet to pay. In addition, Su Zhu and Kyle Davies, as well as the two co-founders of OPNX, were individually fined AED 200,000 (USD 54,451) for failing to comply with marketing, advertising, and promotional rules, according to Dubai regulators.

LeverFi uses Microsoft services to launch AI decentralized financial solutions

LeverFi, the on-chain leverage trading protocol, has partnered with Microsoft to launch an AI-powered decentralized finance solution that reduces user complexity and monitors on-chain investment portfolios. This will be achieved using Microsoft Azure OpenAI services, which provide fast machine learning and big data analytics. LeverFi has collaborated with Microsoft to launch Morpheus, an AI investment portfolio management assistant that helps existing and new users navigate the highly complex DeFi space by providing valuable investment portfolio management insights and real-time on-chain monitoring through intuitive machine learning, and responds to market anomalies.

Ledger adds support for purchasing cryptocurrencies through PayPal on Ledger Live

According to CoinDesk, cryptocurrency wallet provider Ledger has partnered with payment giant PayPal to allow users to purchase cryptocurrencies through the Ledger Live application using their PayPal accounts. Ledger Live enables users to buy cryptocurrencies with fiat currency and store the tokens directly in their hardware wallet. With the integration of PayPal, users can now link their PayPal accounts without any additional verification.

Unibot has launched the unified trading terminal Unibot X.

Unibot has announced the launch of Unibot X, aimed at taking users' trading to a new level. It is a unified trading terminal that goes beyond the limits of current Telegram products. Future iterations of Stellar UI/UX are crucial to Unibot's core values. Therefore, in the near future, efforts will be made to: 1. Decouple the web application from Telegram for independent access; 2. Implement all functions into Unibot X and expand its capabilities.

EOS Network Foundation establishes EOS Labs, allocating 25% of operating budget to assist development

EOS Network Foundation announced the establishment of EOS Labs, an independent new entity proposed by long-term community leader Wen Huaqiang. EOS Labs is designed as a Web3 incubator and builder for the EOS ecosystem, representing a new stage in the development of the EOS network. EOS Labs is prepared to coordinate with key players already established by EOS Network Foundation (ENF) and EOS Network Ventures (ENV). Recognizing its potential, ENF has committed to allocating a quarter of its operating budget to assist EOS Labs, supporting its vision and advocating for its successful integration into the EOS ecosystem. The establishment of EOS Labs marks an important step towards greater decentralization of the EOS network. ENF has decided to redirect some resources to EOS Labs.

Bittrex Global does not need to pay settlement fees to the US SEC

According to Bittrex Global's press release, the company will not have to pay any fees to resolve the enforcement action. Bittrex Global's legal advisor, Andrew Michaelson, stated: "Our client, Bittrex Global, will put this matter behind them without having to pay any settlement fees."

Singapore police seized assets worth $736 million in an anti-money laundering operation, involving virtual asset information files.

According to official sources, the Singaporean police have seized and frozen SGD 1 billion (approximately USD 7.36 billion) in cash and assets in their largest anti-money laundering operation. Ten suspects between the ages of 31 and 44 have been arrested on charges of forgery, money laundering, and resisting lawful arrest. Twelve individuals are assisting with the investigation, and eight others are currently wanted and believed to be connected to the group, none of whom are Singaporean citizens or permanent residents. The police received information about possible illegal activities, including the use of forged documents to prove the source of funds in Singaporean bank accounts. Through investigation and intelligence tracking, a group of foreigners were found to be involved in laundering proceeds from overseas criminal activities, including fraud and online gambling.

Injective will upgrade its token economics, significantly increasing the weekly INJ burn amount.

Layer1 public chain Injective has released a token economics upgrade today. All dApps built on Injective can contribute to the INJ destruction auction, and there is no limit to the cost they hope to destroy. This can make the INJ-driven on-chain economy more powerful, and the destruction auction can now obtain value from all dApps in the rapidly growing Injective ecosystem.

Mirror adds support for Consensys L2 network Linea

Mirror, a decentralized content publishing platform, has added support for Consensys L2 network Linea, including the ability for creators to publish articles and for users to bookmark articles.

MakerDAO founder proposes revising Spark Protocol revenue sharing agreement to ensure Aave receives 10% quarterly returns

MakerDAO founder Rune Christensen recently proposed multiple MIP revision sub-proposals in the community, including formalizing the revenue-sharing system between Spark Protocol and Aave as a Maker ecosystem protocol, attempting to address its shortcomings and make it behave as expected. According to the proposal, Spark Protocol must pay 10% of the revenue generated by its lending function based on the Aave codebase. These payments must be manually calculated by the coordinators of SparkDAO at the end of each quarter and manually paid in DAI from SparkDAO's surplus buffer to the smart contract controlled by Aave governance. In addition, before the SubDAO token is released, Maker Governance will temporarily be responsible for paying the "virtual revenue share" on behalf of Spark Protocol. Once the SubDAO token is released, the virtual revenue sharing system will no longer be implemented and will be replaced by the standard rules of the Spark Protocol Aave revenue sharing ecosystem protocol.

CME Group and CF Benchmarks will launch Bitcoin and Ethereum reference rates for the Asia-Pacific region on September 11th.

The CME Group and cryptocurrency benchmark index provider CF Benchmarks announced plans to launch two Bitcoin and Ethereum reference rates for the Asia-Pacific region on September 11 - the CME CF Bitcoin Reference Rate APAC (BRRAP) and the CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP). These rates will provide daily reference rates for the USD price of these two digital assets, with publication at 4pm Hong Kong/Singapore time.

Data

CoinGecko has released the NFT liquidation leaderboard, with BAYC ranking first

CoinGecko has released a ranking of high-value NFT liquidations, sorted by the losses incurred by creditors. Of the top 25, 10 were BAYC liquidations, ranking first with a loss of $754,000; Autoglyphs ranked second with a loss of $372,000; and Wrapped CryptoPunks ranked third with a loss of $177,000.

Mantle Network has only been online for a month, and its TVL has exceeded $40 million.

According to The Block, within just one month of its launch, the TVL of the Ethereum Layer2 network Mantle Network has surpassed $40 million. The Mantle mainnet alpha version was officially launched on July 17th. According to DeFiLlama's data, in terms of TVL, it has quickly become the seventh most valuable Layer 2 blockchain, second only to Arbitrum One, OP Mainnet, zkSync Era, Base, Starknet, and Immutable X. The outstanding ecological project of Mantle Network TVL is its native decentralized trading platform Agni Finance. The TVL of this trading platform alone exceeds $23 million, with a cumulative trading volume of $53.6 million.

Bitcoin volatility index rose to 40.54 yesterday, with a daily increase of 4.46%.

The BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose to 40.54 yesterday, an increase of 4.46% compared to August 15th.

Yesterday's total trading volume in the cryptocurrency market was $40.675 billion, with a daily increase of 11.88%.

According to CoinGecko data, the total trading volume of the cryptocurrency market on August 16 was $40.675 billion, which increased by approximately 11.88% compared to August 15's $36.355 billion.

Funding

BitGo completed a $100 million financing at a valuation of $1.75 billion, with undisclosed investors

According to Bloomberg, BitGo, a cryptocurrency financial services company, has completed a $100 million financing round with a valuation of $1.75 billion. The specific investors have not been disclosed yet, but BitGo stated that its investors come from the United States and Asia, some of which are from outside the cryptocurrency industry. This round of financing will be used for strategic acquisitions, with at least two transactions currently in progress. BitGo is currently the custodian of FTX's creditors, and its clients also include financial services company Swan Bitcoin, blockchain developer Mysten Labs, and clothing giant Nike.

ZetaChain completed a $27 million equity financing round with participation from Jane Street Capital and others.

According to official sources, the full-chain interoperable Layer 1 network ZetaChain has announced the completion of a $27 million equity financing round, with participation from Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others. ZetaChain's mission is to establish a new standard for blockchain interoperability, allowing users to manage all their assets and data from a single platform, regardless of which blockchain they were created or stored on (including non-smart contract chains such as the Bitcoin network and DogeCoin), without the need for bridging or token wrapping. According to official data, the ZetaChain ecosystem has already deployed over 27,000 dApp contracts, covering cross-chain DeFi, NFTs, Web3 social, identity, and gaming protocols, among other areas. Currently, over 1.7 million users have participated in the ZetaChain testnet, completing over 13 million transactions.

Layer1 Blockchain Linera Completes $6 Million Financing, Led by Borderless Capital

Layer1 blockchain Linera, created by former Meta employees, has completed a $6 million financing round led by Borderless Capital. The new funds will be used to "expand the team, launch the development and test networks of the protocol, cultivate strategic influence in the Asia-Pacific region, and continue to develop its developer academy." As previously reported by BlockBeats, on June 29, 2022, Layer1 blockchain Linera announced the completion of a $6 million seed round of financing, led by a16z, with participation from Cygni Capital, Kima Ventures, and Tribe Capital. Linera plans to use this funding to hire engineers and team members to build the protocol.

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