Top News:

1. Binance will remove some spot trading pairs such as ALCX/BUSD, FOR/BUSD, LOOM/BUSD;

2. Analysis: The Starknet token may experience its first unlock on November 29th. Prior to this date, necessary interactions should be completed in order to qualify for the airdrop.

3. Curve Founder: Believes that CRV OTC buyers will abide by the six-month lock-up commitment, and there will be no negative impact for those who violate it.

4. Arca transferred 1.9 million IMX and 193,000 LDO to Binance;

5. Cobie ranked first on the friend.tech royalty ranking with a revenue of $144,400.

Project Updates

Binance will remove some spot trading pairs such as ALCX/BUSD, FOR/BUSD, LOOM/BUSD

According to official sources, Binance will remove certain spot trading pairs and halt trading at 11:00 on August 25, 2023 Beijing time, including ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, STORJ/BUSD. Users can still trade these currencies in other available trading pairs on the Binance platform.

Dymension Incentive Testnet is now online, with 1% of the total tokens allocated for rewards

The Cosmos ecosystem modular settlement layer Dymension incentive test network has been launched for permissionless IBC RollApp deployment. 1% of the total supply of tokens for the future mainnet genesis will be used for reward distribution, and the reward period will last for about three months.

Curve Founder: Believes CRV OTC buyers will honor the six-month lock-up commitment without negative impact if violatedAccording to Blockworks, Michael Egorov, the founder of Curve Finance, believes that CRV OTC buyers will comply with the six-month lock-up commitment and that there will be no negative impact for those who violate it.

Viewpoint

Analysis: Starknet tokens may see their first unlock on November 29th, and necessary interactions should be completed before this date to qualify for the airdrop.

According to the analysis of encryption researcher Rekt Fencer, the Starknet token STRK may see its first unlock on November 29th. According to the token economics previously announced by Starknet, STRK will be linearly unlocked within 4 years. Rekt conducted research on the STRK token page on Etherscan, clicked on the "holders" section, and selected the first 4 holders to discover contract information. In the "internal transactions" section, another contract link was found. In this contract, the globalUnlockTime function provides the following response: "1701295200 uint256" - which converts to the date of the first unlock. When converted using a Unix converter, it is November 29, 2023, 22:00:00 GMT. This may indicate that November 29th is the date of the first unlock of investor and team tokens. However, this does not necessarily mean that it will be listed immediately. In many cases, the unlocking of investor tokens has already begun before trading starts.

Data

Data: Huang Licheng withdrew a total of 2.128 million APE from Binance within 9 days, worth $3.82 million

According to on-chain analyst Yu Jin, Huang Licheng has withdrawn a total of 2.128 million APE tokens (worth $3.82 million) from Binance at an average price of $1.8 per token since August 14th.

Data: Offchain Labs withdrew 1.72 million ARB worth about $1.7 million from Binance one hour ago.

According to Spot On Chain data monitoring, Offchain Labs withdrew 1.72 million ARB tokens worth approximately $1.7 million from Binance one hour ago via the address "0xb41".

Cobie ranked first on the friend.tech royalty list with a revenue of $144,400According to CoinGecko data, as of August 22nd, the KOL Cobie account is ranked first in terms of royalty income on the social protocol friend.tech, with an income of $144,400. The founder of friend.tech, 0xRacerAlt, is the second highest earning account with an income of $101,700. HsakaTrades ranks third with an income of $100,600. Since the launch of the beta version on August 11th, 2023, the income of other friend.tech accounts on the leaderboard has ranged from $14,900 to $75,500 in just 12 days. The average daily income ranges from $1,200 to $6,300. If the daily income remains at the current level, the annualized average income will reach $453,200 to $2.3 million.

Arca transfers 1.9 million IMX and 193,000 LDO to Binance

According to @EmberCN's monitoring, investment firm Arca transferred 1.9 million IMX (approximately $1.08 million) and 193,000 LDO (approximately $310,000) to Binance 8 hours ago. Previously, on March 10th, they withdrew 3.4 million IMX from Binance at a price of $0.936, and on March 20th, they transferred 1.5 million IMX to Binance when IMX rose to $1.44, expecting a profit of $750,000. In addition, the transfer of 1.9 million IMX to Binance 8 hours ago is expected to result in a loss of $700,000. The overall profit from all transactions is approximately $50,000.

A certain whale lost $2.9 million this morning and sold 10,600 ETH on the chain

According to on-chain data analyst Yu Jin's monitoring, a certain whale sold 10,600 ETH (approximately $17.19 million) on-chain between 3:44 and 4:14 this morning, with an average price of $1,622 per ETH.

Bitcoin volatility index fell to 46.57 yesterday, a daily decline of 0.81%.

The BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, fell to 46.57 yesterday, a decrease of 0.81% compared to August 21.

Data: A whale borrows 10 million USDT from AAVE and transfers it to Binance

According to Scopescan, a whale address named smartestmoney.eth withdrew 14,776 ETH (worth about $25.44 million) from Binance and exchanged it for WstETH through Lido after the market downturn on August 18th. Today, the whale borrowed 10 million USDT from AAVE and transferred it to Binance.

Funding

AI tool Ideogram AI completes $16.5 million seed round financing, led by a16z and Index Ventures

The generative AI tool Ideogram AI has completed a $16.5 million seed round of financing, led by a16z and Index Ventures, with participation from AIX Ventures, Golden Ventures, Two Small Fish Ventures, and others. Ideogram AI's mission is to help people become more creative through generative artificial intelligence. It is developing cutting-edge AI tools to make creative expression easier, more fun, and more efficient.

Financial technology company Ramp completes $300 million financing, co-led by Thrive Capital and Sands Capital

According to TechCrunch, financial technology company Ramp has announced a $300 million funding round at a post-money valuation of $5.8 billion. Thrive Capital and Sands Capital led the round, with participation from General Catalyst, Founders Fund, and other existing supporters. The new funds will be used to accelerate product development and expand hiring in the second half of this year.

Welcome to join the official community of BlockBeats by LUDONG

Telegram subscription group: https://t.me/theblockbeats

Telegram communication group: https://t.me/theblockbeatsApp

Twitter official account: https://twitter.com/BlockBeatsAsia

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia