Selected News:

1. zkSync - A certain airdrop hunter or owner of 21,877 witch addresses, has built a DEX interaction to win the airdrop;

2. Coinbase responds to the suspension of services in India: This notice only applies to customers who violate platform standards, not all Indian customers;

3. Marked as Galaxy Digital address, 4258 ETH was transferred to Binance yesterday, worth approximately $6.85 million.

4. Ethereum network gas fees have dropped to 9 gwei;

5. Animoca Brands' Mocaverse project raised $20 million, with CMCC Global leading the investment.

Project Updates

MetaStone Group and New Fire Technology jointly launch the industry's first regulated virtual asset AI trading secondary fund

MetaStone Group announced a partnership with New Fire Technology to launch the MetaStone Crypto Multi-Strategy Fund. As the investment advisor, MetaStone will collaborate with New Fire Asset Management, the investment manager, to manage the multi-strategy fund. The fund will focus on 100% virtual assets and will be the industry's first regulated AI trading fund. Key strategies, including high-frequency, statistical arbitrage, timing, and trend hedging strategies, will be included in the fund. MetaStone Group is an investment group that focuses on Web3, AI, and other cutting-edge technologies. Its business modules include venture capital, hedge funds, quantitative FOF, innovation funds, and acceleration incubation. The company manages nearly $1 billion in assets.

Coinbase responds to suspension of services in India: the notice only applies to customers who violate platform standards, not all Indian customers

According to Cointelegraph, TechCrunch reported on September 11 that Coinbase India users received a notice via email that all services will be discontinued before September 25 and users are urged to withdraw all funds on the trading platform. However, it is understood that the notice only applies to customers who violate the trading platform standards, not all Indian customers. A Coinbase spokesperson revealed in an email on September 8: "We are contacting you to inform you that we will be discontinuing all Coinbase retail services associated with your above account, as we will be disabling access to retail accounts that no longer meet the platform's updated standards." The spokesperson added that in the recent routine review of the platform system, some accounts that no longer meet our updated standards may have been identified. Therefore, the platform will disable these accounts and allow customers to update their information at a later date.

F2Pool co-founder: Will temporarily set aside nearly 20 BTC in abnormal transactions, and will redistribute them if unclaimed within 3 days

Regarding the incident where the transaction fee for a single transaction on the Bitcoin chain reached 19.82 BTC around 1am today, Wang Chun, co-founder of F2Pool, stated on social media that the approximately 20 BTC will be temporarily suspended. If no one claims it within three days, it will be redistributed to miners.

LayerZero CEO responds to FTX lawsuit: FTX's goal is not to solve the problem, but to obtain more legal fees

LayerZero founder and CEO Bryan Pellegrino stated on his social media platform that the entire FTX lawsuit is filled with unverified claims. LayerZero has been in communication with FTX's liquidators for nearly a year and has made several attempts to proactively resolve the issue of share ownership, but has been ignored. The purpose of their claim is not to solve the problem, but to prolong the process and obtain more legal fees. Pellegrino stated that any claims of "illegal" withdrawals are incorrect. BlockBeats previously reported that on September 10th, FTX creditor @sunil_trades stated on social media that according to the lawsuit documents, FTX has filed a recovery lawsuit against LayerZero Labs and other related parties, seeking to recover approximately $41 million in funds.

Viewpoint

zkSync has a bounty hunter or owner of 21,877 witch addresses, who built a DEX interaction to win the airdrop.

According to community user @lingland09, a certain airdrop hunter in the zkSync ecosystem has 21,877 interacting addresses. Their witch strategy is to provide funds for all their wallets with a minimal amount of ETH, and then deploy the non-open source Token Gemstone. They then listed their 21,877 witch addresses as token whitelists and claimed all the tokens they deployed themselves. The airdrop hunter also created a non-open source DEX, indirectly establishing an index for application transactions between their witch addresses. They then added over 80 ETH in liquidity to the Gemstone token on their self-built DEX, giving Gemstone value. They then exchanged the Gemstone tokens previously claimed from the 21,877 wallets in the Gemstone/ETH trading pair to achieve their interaction goals, and repeated the process continuously. All transactions were automatically completed by their self-written robots, not manually operated. Since all liquidity was added by them personally, it is not affected by slippage and has accumulated 10 transactions in the zkSync Era network in the cheapest way possible. They extended this pattern algorithm to over 21,000 wallets to come, and will not be affected by slippage. The address trades monthly, weekly, and daily, with transaction fees for each witch address only costing $1.5-2, completing a total transaction volume of $10,000 and 10 transaction times to make their on-chain behavior similar to the airdrop issuance qualifications of other Layer 2 projects.

Crypto KOL: Galaxy Digital is processing FTX asset OTC sales, which may not affect the market

The encryption KOL MartyParty stated on social media that Galaxy Digital is processing over-the-counter (OTC) transactions of FTX assets and has conducted several transactions. Due to OTC transactions, trading is not conducted through the spot order book market, so it will not affect market prices. Earlier news, encryption analyst The DeFi Investor stated that it may face huge selling pressure next week. FTX may be approved to liquidate assets on September 13. Currently, all parties involved have not made any public response to this matter, and BlockBeats will continue to follow up on the report of this incident. [Original Link]

Data

MULTI breaks through $2.6, up more than 150% in 7 daysAccording to market data, MULTI has broken through $2.6 and is currently priced at $2.601, with a 24-hour increase of 50.96% and a 7-day increase of 154.00%.

Ethereum falls below $1600

According to OKX market data, Ethereum has fallen below $1600 and is currently trading at $1586.69, with a 24-hour decline of 2.03%.

In the past 24 hours, two whales have transferred a total of 7.44 million ARB to Binance, equivalent to approximately 6.31 million US dollars.

According to Spot On Chain monitoring, in the past 24 hours, two whales have transferred a total of 7.44 million ARB (approximately 6.31 million USD) to Binance. The whales include: Whale 0xe97 transferred 3.8 million ARB to Binance at an average price of 0.86 USD; Vladilena2.eth transferred 3.64 million ARB to Binance one hour ago at an average price of 0.84 USD.

ARB drops to $0.805, hitting a new all-time lowAccording to OKX market data, ARB has dropped to 0.805 USD and is currently trading at 0.8066 USD, hitting a new historical low with a 24-hour decline of 5.25%.

The gas fee on the Ethereum network has dropped to 9 gwei.

According to Etherscan data, the current gas fee on the Ethereum network has dropped below 10 gwei and is currently reported at 9 gwei.

Bitcoin volatility index rose to 43.2 yesterday, with a daily increase of 2.61%.

The BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose slightly to 43.2 yesterday, with a daily increase of 2.61%.

Shield: Phishing attack with $24.24 million transferred 1100 ETH to Tornado Cash

According to Paiduin's monitoring, the phishing attacker who previously attacked a certain whale address and obtained 24.24 million US dollars worth of cryptocurrency exchanged 28,000 DAI for 17.3 ETH and transferred 1,100 ETH (about 1.78 million US dollars) to Tornado Cash.

A certain whale address exchanged 150.1 WBTC for 3.848 million USDC 10 hours ago.

According to Spot On Chain monitoring, a whale with an address starting with 0xee5 exchanged 150.1 WBTC for 3.848 million USDC 10 hours ago, at an average price of $25,637. Over the past two months, the whale has been exchanging WBTC for other assets, with a total expected profit of $516,000 from WBTC by 2023.

Data: A certain whale sold 3.8 million ARB on Binance today, losing about $1.3 million

According to Lookonchain monitoring, a whale sold 3.8 million ARB (approximately $3.21 million) on Binance today and exchanged it for ETH, resulting in a loss of approximately $1.3 million. The whale had withdrawn a total of 17.62 million ARB ($21 million) from Binance between April 4th and April 5th, with an average price of $1.19. They currently still hold 13.78 million ARB ($11.5 million).

Marked as Galaxy Digital address transferred 4258 ETH to Binance yesterday, worth about $6.85 million

According to on-chain data, the address labeled as Galaxy Digital transferred 4258 ETH (worth approximately $6.85 million) to Binance at 21:25:47 on September 10th.

friend.tech "Keys" price ranking: founder Racer Key ranks first with 6.52056ETH

friend.tech "Keys" price ranking latest data shows: · Platform founder Racer ranks first with 6.52056 ETH; · Crypto KOL Levi ranks second with 5.00556 ETH; · Crypto KOL Hsaka ranks third with 4.65806 ETH; · Crypto KOL Herro ranks fourth with 3.75156 ETH; · Crypto KOL Cobie ranks fifth with 3.27756 ETH.

A whale who bought ETH at a price of $1630 has swapped 5500 ETH for WBTC.

According to Yu Jin's monitoring, a whale who bought 6541 ETH at a price of $1630 exchanged 5500 ETH (about $8.89 million) for 344.1 WBTC through the address 0x012 four hours ago, with an average price of $25,845. Currently, the whale holds 344.1 WBTC (about $8.85 million) and 1041 stETH (about $1.08 million).

Early this morning, Bitcoin saw a transaction with a single fee of 19.82 BTC, setting a historical record.

According to online information, at 1:00 am Beijing time today, a transaction with a fee of 19.82 BTC (worth about 510,000 USD) appeared on the Bitcoin blockchain, setting a new record.

Data: friend.tech daily transaction volume increased by over 80%According to data from Dune, friend.tech has seen a continuous increase in transactions since September 9th, with yesterday's transaction volume reaching 409,000, an 81.7% increase in a single day.

Glassnode: The average gas price of Ethereum has fallen back to the level at the beginning of this year.

According to Glassnode data, the average gas price (7-day moving average) on the Ethereum network is 19.567 GWEI, which has fallen to the level at the beginning of this year, setting a new low in 8 months. [Original link]

dYdX Foundation Semi-Annual Ecological Report: dYdX v3 cumulative trading volume reaches 240.5 billion US dollars

BlockBeats News, dYdX Foundation recently released its ecosystem report for the first half of 2023. The report stated that the cumulative trading volume of dYdX v3 reached 240.5 billion US dollars, with cumulative fees of 54.7 million US dollars and 61,600 active users. In addition, 4 out of 5 milestones have been completed on the v4 public testnet. Currently, there are approximately 57 validators participating in dYdX Trading's v4 public testnet. The block time of the public testnet is currently 1.8 seconds, with a trading volume of over 2.9 million transactions and over 2.9 million bound tokens.

Funding

Pionex Brave Fund established, with an initial investment of $10 million in Web3 innovation and educational equity projects

The cryptocurrency trading robot platform Pionex announced the launch of the Pionex Brave Fund, aimed at supporting Web3 innovative projects and blockchain education for minority groups around the world, with an initial investment of $10 million. The company stated that the establishment of the Pionex Brave Fund focuses on promoting Web3 projects with unique innovation and leading technology, while also investing some funds in blockchain education for minority groups worldwide. This initiative will provide fair opportunities and rights for minority groups in cryptocurrency education, aiming to maximize the social benefits of cutting-edge technology.

Animoca Brands' Mocaverse project raised $20 million, led by CMCC Global

According to official sources, Animoca Brands has announced a new round of binding financing commitments to accelerate the development of its NFT project, Mocaverse. Animoca Brands raised $20 million by issuing new ordinary shares at a price of AUD 4.50 per share. As part of this financing, the company issued free additional utility token subscription warrants based on a 1:1 USD ratio to investors. CMCC Global led this financing round, with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), and institutional investors from Koda Capital. Yat Siu, the CEO and co-founder of Animoca Brands, also participated in this round of financing. The new funds will be used to advance the Mocaverse project, including product development, promoting Web3 adoption, and ensuring partnerships to expand Animoca Brands' gaming, cultural, and entertainment ecosystem for its portfolio of approximately 450 Web3 companies and projects.

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