Legal Evening News | DWF Labs withdraws 100,000 PERP tokens worth approximately $109,000 from Binance; friend.tech's TVL surpasses $10 million.
Selected News
1. Data: DWF Labs extracted 100,000 PERP tokens from Binance, worth approximately $109,000.
2. AntChain launches new Web3 brand Zan, providing Web3 solutions for Hong Kong and overseas markets;
3. Ouyi OKX has launched an option trading function where orders can be placed in units of volatility (IV) or US dollars (USD).
4. Data: friend.tech TVL breaks 10 million US dollars;
5. The Ministry of Industry and Information Technology and four other departments issued the "Three-Year Action Plan for Innovation and Development of the Metaverse Industry (2023-2025)".
6. ConsenSys Strategic Director: Decentralized Infura will be launched by the end of the year, and Web2 cloud provider giants may join.
Project Updates
AntChain launches new Web3 brand Zan, providing Web3 solutions for Hong Kong and overseas markets
AntChain's new Web3 brand, Zan, was officially launched at the Bund Summit in Shanghai. The brand provides Web3 technology solutions for the Hong Kong and overseas markets, with a focus on security and compliance-related products. Former AntChain CTO, Zhang Hui, serves as ZAN CEO. Zhang Hui introduced that ZAN provides rich technical services to compliance institutions and innovative companies in Hong Kong and overseas markets, supporting Web3 innovative businesses, including Web3 full-stack security and trusted technology products and comprehensive solutions, to help Web3 application innovation and industrial scale development. It is understood that ZAN has inherited AntChain's years of accumulated blockchain technology capabilities and is built on AntChain TrustBase, an open-source technology matrix of AntChain OpenLabs. AntChain TrustBase is based on AntChain's open-source technology system, integrating AntChain's many technological achievements, including the widely watched wide-area network consensus algorithm, zero-knowledge proof (ZKP), fully homomorphic encryption (FHE), and other field technologies.
friend.tech "Keys" price ranking: founder Racer ranks first with 4.692ETH
friend.tech "Keys" price ranking latest data shows: · Platform founder Racer ranks first with 4.692 ETH; · Cryptocurrency KOL Hsaka ranks second with 3.220 ETH; · Cryptocurrency trader Ansem ranks third with 2.425 ETH; · Cryptocurrency KOL Levi ranks fourth with 2.328 ETH; · NDV co-founder Christian2022.mid ranks fifth with 2.304 ETH.
MakerDAO community proposes allocating $100 million to develop tokenized US Treasury bond products
MakerDAO community suggests considering allocating $100 million to develop tokenized US Treasury bills (T-Bill) products, including T-Bills collateralized with Flux fDAI, etc.; frictionless products such as Maple Cash USDC; long-term products such as supporting financial bIB01 and bIBTA.
BNB on-chain lending protocol Venus Protocol announced on its social media platform that it will launch a new incentive program called VenusPrime, which aims to increase user participation and growth within the protocol by incentivizing XVS staking. As of the time of writing, XVS is priced at $5.5 with a 24-hour increase of 48.25%.
OKX, a player in the cryptocurrency industry, announced that in order to provide stronger trading capabilities for options users, it plans to launch an options trading feature that allows orders to be placed in units of volatility (IV) or US dollars (USD) on September 8, 2023 at 2:00 PM (UTC+8). Currently, this feature is only available on the OKX web platform, but it will also be available on the app platform in the future. Users can choose to submit an options order priced in volatility or US dollars by selecting "Track Order" on the options price order page. Users can also choose to place options orders in units of cryptocurrency (BTC/ETH) as usual.
Bitcoin mining company Cathedra Bitcoin submits prospectus in Canada
Cathedra Bitcoin, a Bitcoin mining company, announced that it has submitted a final shelf prospectus to securities regulators in all provinces and territories of Canada, with a validity period of 25 months. During this period, the company may issue securities, including common shares, warrants, subscription receipts, units, debt securities, and stock purchase contracts ("Securities"), based on market conditions at the time of sale, at prices and terms to be determined. The total amount of securities issued may reach up to $10 million. (BusinessWire)
Jez Mohideen, CEO of Laser Digital, a cryptocurrency company under Nomura Holdings, originally expected the company to achieve profitability by 2024. However, due to the decline in digital asset prices, as well as declining sales, reduced activity, and regulatory issues, the time for the company to achieve breakeven may be delayed. (Bloomberg)
.bit brand upgraded to d.id, launching "DID as a Service" and releasing a series of products.
Decentralized identity system, bit, announced today that it has completed its brand upgrade and officially renamed itself d.id, with a new website: d.id. The new brand is committed to using DID to empower fan economy, creator economy, brand economy, game community, DAO organizations, etc. To this end, d.id has launched "DID as a Service" and a series of innovative products based on DID to help various communities issue exclusive brand DID with one click. At the same time, d.id proposes the concept of "Barrier-free Web3", and its products fully support the three principles of Seedless, Gasless, and Decentralized. In the future, d.id will further promote the open and trustworthy construction of decentralized identity (DID) ecology.
According to Cointelegraph, Simon Morris, the strategic director of Consensys, stated at KBW 2023 that the decentralized Infura will be launched by the end of this year, and major Web2 cloud providers may become part of the network. Its ultimate goal is to establish an architecture similar to TCP/IP that cannot be regulated. BlockBeats previously reported that in September of last year, the blockchain development platform Infura announced plans to launch a decentralized protocol early next year to address concerns that its product is too centralized to support the Ethereum ecosystem. Infura will focus on the decentralization of the underlying infrastructure layer, which will promote partnerships between Infura and the larger DeFi community.
Bitget Interval Hunter product settlement yield up to 804% APR
Bitget's previous Interval Hunter product BTC (bearish) settlement yield reached as high as 804% APR. The Interval Hunter product is open for daily subscription, and users can subscribe to the product based on their preferred investment period at 14:00 (UTC+8) every day. Bitget's Interval Hunter is a non-principal-guaranteed product that allows investors to earn higher returns in the volatility of the underlying asset price and settle in two cryptocurrencies, suitable for users with higher risk preferences.
Starting from 14:00 on September 26th (GMT+8), users will no longer be able to stake LAND NFTs hosted on the Polygon network on the Binance NFT marketplace to earn daily The Sandbox (SAND) rewards. All LAND NFTs staked on the Binance NFT marketplace will automatically be unstaked on September 27th (GMT+8) and returned to the user's Binance account after 10:00 on September 28th (GMT+8). The final SAND daily rewards will also be automatically distributed to the user's spot wallet after 10:00 on September 28th (GMT+8). Additionally, Binance NFT will no longer support the Polygon network starting from 14:00 on September 26th (GMT+8). Users should withdraw their NFTs from the Binance NFT marketplace via the Polygon network before 7:59 on January 1st, 2024 (GMT+8).
Bitget announced a strategic partnership with 3Commas to jointly promote intelligent trading.
BlockBeats News, on September 8th, Bitget announced a strategic partnership with the cryptocurrency trading bot platform 3Commas. This partnership will integrate 3Commas' automation tools into the Bitget ecosystem, aiming to optimize the trading experience for users and maximize the use of automation to achieve intelligent trading. Gracy Chen, the Managing Director of Bitget, said, "We have always believed in the importance of intelligent trading, and this cooperation with 3Commas will be an important milestone." Yuriy Sorokin, CEO and co-founder of 3Commas, also shared his views on the partnership, stating, "We provide valuable tools for all traders, providing fairness to users through automated trading, and our partnership with Bitget is an important step in building a complete ecosystem."
Regulation
Hong Kong Legislative Councilor: Three Factors Needed for Web3 Mass Adoption
Hong Kong Legislative Council member Qiu Dagen wrote in Hong Kong Wen Wei Po that it is currently a critical moment for the development of Web3 in Hong Kong. While maintaining stability and order, we must also encourage technological innovation in order to attract elites from all walks of life. At present, some Web3 application solutions are highly anticipated, but in order to be widely popular among the public, three factors are indispensable: first, the underlying technology still needs time to mature; second, citizens need to understand the application scenarios of Web3 and adapt to the various changes brought about by new technologies to society and life; third, policies and regulations need to keep up and support the orderly and compliant development of Web3.
According to information on the SEC website, Linus Financial, which was accused of providing unregistered encrypted lending products, has reached a settlement with the SEC. The SEC stated that due to Linus Financial's cooperation and timely remedial actions, no civil penalties will be imposed. Stacy Bogert, Deputy Director of the SEC's Enforcement Division, stated in a statement that although the SEC will continue to hold companies accountable, it also "encourages companies to cooperate and take corrective action immediately when problems arise."
According to CoinDesk, Faruk Fatih Özer, the founder of the Turkish cryptocurrency exchange Thodex, along with his sister Serap Özer and brother Güven Özer, have been sentenced to 11,196 years and 10 months in prison. In addition, they have been fined 135 million Turkish lira (approximately 5 million US dollars). Thodex is one of the largest cryptocurrency exchanges in Turkey, but it suddenly went offline in April 2021 and Faruk Fatih Özer went missing. Over 400,000 members were unable to access their cryptocurrency deposits worth 2 billion US dollars. Faruk Fatih Özer later fled to Albania, but was arrested in August 2022 after an Interpol red notice was issued against him. Following the exposure of the case, Özer's siblings and four other senior employees were sentenced to prison, and at least 83 people were detained during the investigation. In the final trial, 21 defendants faced a maximum of 40,564 years in prison.
The General Office of the Ministry of Industry and Information Technology, the General Office of the Ministry of Education, the General Office of the Ministry of Culture and Tourism, the General Office of the State-owned Assets Supervision and Administration Commission of the State Council, and the General Office of the National Radio and Television Administration have issued the "Three-Year Action Plan for Innovation and Development of the Metaverse Industry (2023-2025)". The document points out that by 2025, breakthroughs will be made in metaverse technology, industry, application, and governance, making it an important growth pole of the digital economy. The industry will have a large scale, reasonable layout, and a perfect technical system, and the supporting capacity of the industry's technical foundation will be further consolidated, with comprehensive strength reaching the world's advanced level. Three to five ecological enterprises with global influence and a number of specialized and innovative small and medium-sized enterprises will be cultivated, and three to five industrial development clusters will be built. The development of industrial metaverse will begin to show results, and a number of typical applications will be created, forming a number of benchmark production lines, factories, and parks. Typical metaverse software and hardware products will be scaled up and applied, forming a number of new businesses, models, and formats in areas such as daily consumption and public services.
Funding
According to The Block, RWA protocol Helix has completed a $2 million pre-seed round of funding, led by Saison Capital and Superscrypt, with participation from Emurgo Ventures, Comma3 Ventures, Outlier Ventures, Emoote, and others. Helix, incubated by Singaporean private credit company Helicap, aims to provide blockchain-based loans to businesses across Southeast Asia. Its platform combines proprietary credit assessment tools with a range of credit opportunities across multiple industries.
British digital bank Zopa completes $93 million new round of financing, led by IAG SilverStripe
BlockBeats News, September 8th, according to TechCrunch, British digital bank Zopa announced the completion of a £75 million (approximately $93 million) financing, led by IAG SilverStripe. As of now, the total amount of financing for the company has reached £530 million. It is reported that Zopa currently does not support direct cryptocurrency transactions, but its customers can invest in digital assets by transferring pounds (GBP) from their accounts to third-party trading platforms approved and regulated by the UK Financial Conduct Authority (such as eToro). Earlier, British digital bank Zopa completed a $300 million financing at a valuation of $1 billion in 2021, led by SoftBank Vision Fund 2.
Data
MakerDAO once again adds $50 million RWA assets through BlockTower Andromeda
According to Makerburn data, MakerDAO has once again added $50 million of RWA assets through BlockTower Andromeda, mainly investing in short-term US Treasury bonds. The annualized interest rate of these assets is 4.5%. In addition, the total RWA assets of the protocol currently reach $2.513 billion.
Data: friend.tech TVL exceeds $10 million
According to DeFiLlama data, friend.tech's TVL has surpassed $10 million, reaching $10.35 million. This is a new high since its launch in August of this year.
Bitget released its August reserve report, with BTC reserve ratio reaching 416%.
Bitget has released its August reserve report, with a comprehensive reserve ratio of 208%. The reserve ratios for BTC, ETH, USDT, and USDC are 416%, 159%, 132%, and 1839%, respectively. In December 2022, Bitget will launch a reserve proof page. The reserve proof data will be updated monthly to ensure that customer funds have a reserve ratio of at least 1:1. Additionally, users can verify their platform assets on GitHub using the open-source tool "Merklevalidator".
Data: Nexo withdrew 4000 ETH from Binance 15 hours ago and pledged it to Lido
According to Scopescan, Nexo withdrew 4,000 ETH (worth about $6.52 million) from Binance 15 hours ago and staked it on Lido. In the past month, Nexo has withdrawn 13,945 ETH (worth about $24.1 million) from Binance and staked 34,400 ETH (worth about $62.48 million) on Lido.
Pepe the Frog creator Matt Furie has sold all of his holdings of PEPE for approximately $564,000.
According to on-chain data, Matt Furie, the creator of Pepe the Frog, sold his holdings of 726,351,477,419 PEPE tokens 12 hours ago, earning a profit of 342.535 ETH (approximately $564,000 USD). It is understood that Matt Furie's PEPE tokens were mainly obtained from donations by Pauly, the founder of the NFT market Not Larva Labs.Data: DWF Labs extracted 100,000 PERP tokens worth approximately $109,000 from Binance
According to on-chain data, 12 minutes ago, DWF Labs extracted 100,000 PERP tokens worth approximately $109,000 from Binance.
According to a report by CoinDesk, investment bank Berenberg has revealed that MicroStrategy has reported a cumulative impairment loss of $2.23 billion since it began purchasing Bitcoin in August 2020. Meanwhile, following a vote by the Financial Accounting Standards Board (FASB) to change the way companies report their finances, MicroStrategy will soon be able to report its holdings of BTC every quarter without having to recognize impairment losses when cryptocurrency prices fall.
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