Selected News:

1. Swiss fintech platform GenTwo has completed a $15 million Series A financing round, led by Point72 Ventures.

2. Worldcoin: World App's daily transaction volume reached 500,000, setting a new historical high.

3. A certain whale withdrew 9818 ETH from Binance, worth about $15.9 million.

4. Vitalik: The top priority for Ethereum is to achieve a higher level of scalability.

5. Connext announces the results of the Witch Hunter audit and will retrieve 5.93 million NEXT tokens.

Project Updates

RaaS company Caldera announced the launch of its first batch of Arbitrum Orbit chains.

Rollup service (RaaS) company Caldera has announced the launch of its first batch of Arbitrum Orbit chains, with a total of three partner companies planning to launch production-level mainnet Orbit chains through Caldera in the coming weeks: Syndr, Sanko GameCorp, and Volatilis Technology. Arbitrum Orbit allows development teams to create their own dedicated chains, which will settle on one of Arbitrum's Layer 2 (L2) chains: Arbitrum One, Arbitrum Nova, or Arbitrum Goerli. These Orbit chains provide teams with unique channels that ensure reliable gas prices for their end users and allow for the use of any custom token for fees.

Aave community initiates ARFC proposal to purchase over 440,000 AURA tokens using DAO funds

According to the Snapshot page, the Aave community has initiated an ARFC proposal to "use DAO funds to purchase over 440,000 AURA". The proposal suggests that Aave DAO purchase 443,674 AURA from Olympus DAO for 420,159.28 DAI.

Linea launches entertainment festival to explore Web3 social and gaming

Ethereum Layer2 network Linea announced the launch of an entertainment festival aimed at exploring Web3 social and gaming. Linea said that the festival is a means of expanding the Linea gaming ecosystem and promoting community participation in games on the network. The festival is divided into three sub-activities, each taking place independently between September 5, 2023 and October 8, 2023.

欧易 OKX NFT 市场现已支持 Base 网络和 Linea 网络

Translation:

Ouyi OKX NFT market now supports Base network and Linea network

According to official sources, the Oukei OKX NFT market now fully supports L2 networks Base and Linea, and can aggregate Base network orders on the OpenSea platform in seconds. Users can view, manage, and trade on-chain NFT assets on both the Base and Linea networks through the OKX Web3 wallet, enjoying a one-stop NFT trading experience.

Connext announced the results of the Witch Hunter audit and will retrieve 5.93 million NEXT tokens

Layer2 interoperability protocol Connext announced the results of the Witch Hunter audit on Discord, stating that a total of 507 reports were received, of which 361 were successfully audited, and 48 Witch Hunters submitted unique and effective reports. Connext stated that 5725 witch addresses have been identified and removed from the eligibility list, and 5,932,065 tokens will be recovered. Among them, 1,438,016 NEXT tokens (25% already recovered) will be reallocated to Witch Hunters, and 50% of Witch Hunters will be subject to a 2-year lock-up plan for allocation.

Vitalik: The top priority for Ethereum is to achieve higher scalability

According to Cointelegraph, Vitalik Buterin, co-founder of Ethereum, stated that centralization of nodes is one of the main challenges facing Ethereum. He suggests that this problem can be solved by reducing and simplifying the operating costs of nodes, but a perfect solution may need to wait for another 10 or even 20 years. Vitalik concludes that the most urgent issue for Ethereum as a whole is to achieve higher levels of scalability.

MakerDAO founder: NewChain has not yet decided which codebase to adopt

According to Coinness, Rune Christensen, the founder of MakerDAO, stated in an interview that NewChain has not yet chosen to adopt the Solana or Cosmos codebase, but only conducted an investigation. The MakerDAO structure will be divided into SubDAOs, which require effective methods for operating multiple tokens. Regarding the second phase SubDAO of Endgame, there will be various business models for SubDAOs in various fields such as the Web3 cultural community and RWA. Our goal is to make the DAO itself a sustainable ecosystem. BlockBeats previously reported that on September 1st, Rune Christensen, the founder of MakerDAO, wrote "Exploring the Branch of Solana Codebase for NewChain", stating that the fifth and final phase of Endgame is to completely re-implement the entire Maker Protocol, natively built on a new, independent blockchain, codenamed NewChain.

Arthur Hayes: Bitcoin has been in a bull market since the takeover of Silicon Valley Bank in March

According to Cointelegraph, Arthur Hayes, co-founder and former CEO of BitMEX, stated at the 2023 Korea Blockchain Week that Bitcoin has been in a bull market for the past six months, but the market has not yet reacted. He estimates that the market will react within 6 to 12 months. Hayes believes that this bull market for Bitcoin began on March 10th, the day Silicon Valley Bank (SVB) was taken over by the US Federal Deposit Insurance Corporation. To prevent further collapse in the banking industry, the Federal Reserve developed the Bank Term Funding Facility (BTFP), which provides banks with loans for up to one year in exchange for them submitting "eligible assets" as collateral. Hayes stated that since then, the price of Bitcoin has been rising, currently up about 26%, which is why he claims the bull market began on that day.

Data

A certain whale withdrew 9818 ETH from Binance, worth about $15.9 million.

According to online information, a whale starting with 0xB154 withdrew 9818.8 ETH from Binance at 12:25, equivalent to approximately 15.9 million US dollars. The same whale transferred 36 million USDT to Binance at 11:48.

Pai Dun: Cream Finance attacker exchanged 500,000 DAI for 306.58 ETH and transferred it to TradeOgre

According to PeckShield's monitoring, the Cream Finance attacker exchanged 500,000 DAI for 306.58 ETH and transferred it to TradeOgre. The attacker's address currently holds cryptocurrencies worth $6.85 million, including 4,163.8 ETH and 104,000 DAI.

Tether CTO: Tether currently holds US Treasury bonds worth 72.5 billion US dollars, making it the 22nd largest holder in the world.

Tether's Chief Technology Officer, Paolo Ardoino, posted on social media that Tether currently holds $72.5 billion in US Treasury bonds, surpassing countries such as the United Arab Emirates, Mexico, Australia, and Spain, making it the 22nd largest holder in the world.

Suspected Nima Capital sold 9 million SYN tokens worth about $3.69 million 9 hours ago

According to Scopescan monitoring, 9 hours ago, there was a suspected sale of 9 million SYN (approximately $3.69 million) at the address 0x4df9 by Nima Capital. Following this, the price of SYN dropped by 25%.

Data: 1inch team bought 3045 ETH worth about $4.95 million 10 minutes ago

According to on-chain analyst Yu Jin, the 1inch team address (tag: 1inch: Team Investment Fund Collection) bought 3045 ETH ($4.95 million) at an average price of $1624 USD, 10 minutes ago. Since August 28th, the 1inch team has accumulated a total of 9132 ETH ($15 million) at an average price of $1644 USD.

Worldcoin: World App daily transaction volume reaches 500,000, setting a new historical high

Worldcoin stated on social media that the daily transaction volume of World App has reached 500,000, setting a new historical record.

Funding

LSD Platform Infinimos completes $3 million seed round financing with a valuation of $10 million, led by DG Capital

The Cosmos ecological liquidity staking derivative platform Infinimos announced that it has completed a $3 million seed round of financing with a valuation of $10 million. DG Capital led the investment, and the funds will be used to accelerate the development of the platform, expand the team, and establish strategic partnerships. It is reported that Infinimos is committed to changing the staking pattern by providing liquidity staking derivatives specific to the Cosmos ecosystem, and by using Web3 technology to create a decentralized and democratic ecosystem, helping users maximize the benefits of staking while maintaining liquidity.

Cryptocurrency payment startup Kotani completes $2 million pre-seed round of financing, led by P1 VenturesAccording to TechCrunch, Kotani, a startup in the cryptocurrency payment industry, has completed a $2 million pre-seed round of financing, with P1 Ventures leading the investment and DCG/Luno, Flori Ventures, and others participating. Based in Nairobi, Kotani Pay connects blockchain with local payment networks through a middleware, aiming to help users in Africa who have difficulty accessing banking services to easily make cross-border remittances.

Swiss fintech platform GenTwo completes $15 million Series A financing, led by Point72 Ventures

According to CoinDesk, Swiss fintech platform GenTwo has completed a $15 million Series A financing round, led by Point72 Ventures. The company plans to use the funds for international expansion and to develop its financial engineering platform. GenTwo's PRO platform allows investors to securitize any asset or investment strategy in a bankable form and push it to the market, and allows all investors to access non-bank assets, including real estate, art, or digital assets. Pete Casella, Senior Partner and Co-Head of Financial Technology Investments at Point72 Ventures, has also joined the GenTwo board of directors.

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