Legal Daily News | zkSync Era briefly experienced downtime and recovered; Binance futures will enable copy trading on the web version.
Top News:
1. zkSync Era may experience downtime and fail to produce blocks for more than 30 minutes;
2. Binance futures will enable copy trading on its web platform;
3. SlowMist: North Korea's Lazarus Group conducts encrypted theft by disguising as a customer to attack official personnel accounts;
4. Ankr collaborates with Tencent Cloud to launch Tencent Cloud Blockchain RPC for developers.
5. Binance: U-based contract technical issues have been resolved and trading has resumed;
6. The Chairman of the US SEC reiterated that the cryptocurrency industry generally does not comply with securities laws, and many tokens fall within the jurisdiction of the SEC.
Project Updates
Bluefin will release version 2 and expand to Sui
According to official sources, the DEX project Bluefin will release its v2 beta, which will expand to Sui and introduce several new features within the next 6 months, including instant trade confirmation, sub-second finality, fully decentralized spot market, full-margin trading, and wallet-free transactions. Bluefin v2 will implement Optimistic trade confirmation with sub-second streaming and a wallet-free trading experience, with a peak TPS of over 5400.
Binance will upgrade its leverage system from September 19th to 20th.
According to the official announcement, Binance will conduct system upgrades for cross-margin and isolated margin at the following times to improve overall system performance and stability. Isolated margin: 14:00 on September 19, 2023 to 15:00 on September 19, 2023 (GMT+8); Cross-margin: 14:00 on September 20, 2023 to 15:00 on September 20, 2023 (GMT+8). Each system upgrade will take approximately one hour. During the system upgrade period, all margin services will remain operational. Users are advised to re-evaluate their margin balance and risk level before the system upgrade to avoid potential liquidation risks caused by price fluctuations.
欧易 OKX will upgrade its fund system on September 14th from 14:30-14:40 (UTC+8)
According to the official announcement from OKX, in order to provide users with better services and user experience, OKX will upgrade its fund system on September 14, 2023, from 14:30 to 14:40 (UTC+8). During the upgrade, users will not be able to deposit, withdraw, transfer funds, use flash exchange, financial products (such as Simple Earn, Structured Products, On-chain Earn, and Borrowing), quick buy, C2C, red envelopes, blind boxes, and other operations. Accessing pages and viewing records will not be affected. The expected upgrade time is 10 minutes, and it may be advanced or delayed depending on the actual situation. If the upgrade is completed ahead of schedule, services will be immediately resumed.
Binance futures will open copy trading function on the web version.
According to the official announcement, Binance Futures will enable copy trading on its web platform. Starting from 16:00 on September 12, 2023 (Beijing time), users can activate the copy trading function to automatically follow the real-time contract trading strategies of the leading traders.
According to Money Today, three major South Korean securities companies, New Han Investment & Securities, KB Securities, and NH Investment & Securities, will sign a commercial agreement at the end of this month to form a "Security Token Alliance" and begin building a joint infrastructure. Subsequently, these three securities companies will determine the composition and operation plan of the alliance in detail, and review various methods such as establishing joint ventures and multilateral contracts.
zkSync Era may experience downtime, with no blocks produced for over 30 minutes
According to the zkSync Era blockchain explorer, the zkSync Era mainnet appears to be experiencing a downtime. The latest batch submitted to Ethereum by zkSync Era is #208455, timestamped at 14:14, and the block height has been paused at #13641404 for 37 minutes.
zkSync Era network has resumed block production
According to the zkSync Era blockchain explorer, the zkSync Era network has resumed block production.SlowMist MistTrack posted on social media that it has discovered a large-scale APT attack launched by North Korea's Lazarus Group against the cryptocurrency industry. The attack method is as follows: the attacker first disguises their identity and deceives the auditor through real-name authentication to become a real customer, and then makes a real deposit. Under the cover of this customer identity, when multiple official personnel communicate with the customer (attacker), a customized Mac or Windows Trojan will accurately target the official personnel. After obtaining permission, they move laterally in the intranet, lurk for a long time, and then steal funds.
Mantle uses Mantle Treasury to promote ecosystem development, and the proposal to allocate 238 million US dollars to provide liquidity support for ecological applications, RWA stablecoins, and cross-chain bridges has been approved.
The Mantle Network community of Ethereum Layer2 network has passed the MIP-26 proposal on using Mantle Treasury to promote network applications. According to the MIP-25 framework, specific terms include providing up to $160 million in liquidity support for applications, providing up to $60 million in seed liquidity for RWA-supported stablecoins, and providing up to $18 million in liquidity support for third-party cross-chain bridges. The proposal notes that the above allocations may overlap and are maximum limits, which may take some time to reach.
Ankr collaborates with Tencent Cloud to launch Tencent Cloud blockchain RPC for developersAccording to CryptoPotato, Web3 infrastructure platform Ankr has partnered with Tencent Cloud to launch "Tencent Cloud Blockchain RPC" aimed at meeting the needs of enterprises and organizations for efficient and reliable access to blockchain infrastructure. Tencent Cloud Blockchain RPC enables developers to easily retrieve data and conduct transactions, including various blockchains such as Ethereum mainnet, BNB Smart Chain, and Polygon PoS.
The Interchain Foundation (ICF), which supports the development and ecosystem construction of cross-chain project Cosmos, is developing and prioritizing funding for 2024, and has formulated the Interchain Stack roadmap. The Interchain Foundation invites users to provide feedback before October 1. The four strategic themes of the Interchain Stack roadmap include: 1. Improving modularity through generalized software to better adapt to specific use cases; 2. Improving the developer experience to make it easier to build with Interchain Stack; 3. Clearing technical debt so that we can make progress faster; 4. Promoting user adoption.
Milady founder Charlotte Fang stated on her social media platform that a Milady developer misappropriated approximately $1 million of Milady's official project Bonkler's treasury funds and also took control of the code repository, demanding that the team hand over more funds and NFT reserves. Currently, the Twitter accounts of miladymaker and remilionaire are under the control of the developer. Charlotte Fang stated that relevant members have been locked out and their responsibilities will be pursued to the fullest extent of the law. The minting of Bonkler NFTs has temporarily stopped, and Bonkler's community treasury, contracts, and NFTs are all safe. Other series of NFTs from Milady's parent company, Remilia, have not been affected. As of the time of writing, the floor price of the Milady Maker series NFT has fallen to 2.9 ETH, a 12.65% decrease in 24 hours.
The world's leading digital asset custody solution provider, Cobo, announced a strategic partnership with Antalpha, a digital asset financial services platform. Cobo will provide a comprehensive custody solution for Antalpha's brokerage service platform, Prime, through Cobo's MPC-based WaaS (Wallet as a Service) and deep integration and customized development with Antalpha Prime. This will fully enhance the security technology guarantee of Antalpha's platform and assets. Through this cooperation, the two companies have created an innovative "B2B2C" model based on MPC custody technology. In the future, Antalpha Prime platform will allow users to hold their own wallet address private key fragments, eliminating the possibility of platform unilateral transfer of assets, and achieving complete control of their own assets by users, minimizing the trust requirements for the platform.
CZ: Binance team is working hard to solve technical issues related to contracts
CZ posted on social media that the Binance team is working hard to solve technical issues related to contracts. Currently, it is known that the U-based contracts are affected, while the coin-based contracts are not affected. The U-based contract trading pair on the Binance platform has remained unchanged for nearly 15 minutes. BlockBeats will continue to track and report on this event.
Binance: U-based contract technical issues have been resolved and trading has resumed.
Binance official statement indicates that the technical issue with their U-based contract has been resolved and trading has resumed.
Binance will airdrop $3 million worth of BNB to users in Morocco affected by earthquake
Binance announced that Binance Charity will airdrop up to 3 million US dollars worth of BNB to users affected by the earthquake in Morocco. Binance will determine the affected users in the Marrakesh-Safi region based on whether they have completed address verification (POA) before September 9, 2023. Users who complete address verification in the region before this date will receive 100 US dollars worth of BNB, which will be directly deposited into their Binance account. For users who complete address verification between September 9, 2023 and September 30, 2023, Binance will donate 25 US dollars worth of BNB directly to their Binance account. In addition, for users who are active in trading in Morocco but not in the affected area, Binance will airdrop 10 US dollars worth of BNB to each user. This donation by Binance will benefit approximately 70,000 Binance users living in Morocco, and the donated funds will begin to be received on September 12, 2023.
According to official sources, Offchain Labs, the development team behind Arbitrum, has announced a partnership with Espresso Systems to jointly develop the Timeboost transaction sequencer and support technical integration between the Arbitrum technology stack, Timeboost sequencing, and Espresso Sequencer. The Timeboost system can prevent harmful forms of MEV and relies on a sealed-bid priority gas auction order. Essentially, Timeboost introduces a new feature where transactions can pay a priority fee to get a small "time boost" in the ordering. The announcement states that Espresso Systems is prioritizing integration with the Arbitrum technology stack and introducing Timeboost to Espresso Sequencer.
Web3 company Startale Labs CEO announced on its social platform that Startale Labs and Sony have established a joint venture to jointly develop Sony Chain, a blockchain project. BlockBeats previously reported that on June 28th, according to CoinDesk, Singapore-based Web3 company Startale Labs received a $3.5 million investment from Sony Network Communications.
Vitalik confirms that the X account was previously subjected to a SIM card swap attack.
Vitalik posted on social media that he has regained access to his T-mobile account and confirmed that the previous attack was a SIM card swap attack. Vitalik explained that, in terms of X, holding a phone number is enough to reset his account password. He had previously seen the advice that "phone numbers are not secure, do not use them for identity verification," but did not realize the problem. It is currently speculated that the phone number was leaked when registering for Twitter Blue. BlockBeats previously reported that Ethereum co-founder Vitalik's Twitter account was hacked on September 10th and phishing links were posted. According to ZachXBT, the hacker stole about $691,000 in total.
Ankr has launched Flare RPC, providing low-latency and reliable connections.
The Flare RPC service launched by Ankr, a Web3 infrastructure provider, has officially started, supporting request calls and receiving information returns. Ankr provides a complete set of building tools to help developers, decentralized application programs, and stakers easily interact with various blockchains, including multi-chain dApp development tools, AppChain engineering services, and encrypted staking solutions.
According to official sources, decentralized financial derivatives trading platform Vega has announced its strategic layout in the Asia-Pacific market. It is reported that Vega DEX will officially launch on the Vega derivatives trading application chain on May 23, 2023. Since its launch, the total trading volume of Vega DEX has exceeded 300 million US dollars. Currently, Vega only provides cash-settled futures markets, and perpetual futures markets will also be available on the Vega network, providing traders with decentralized and self-custody solutions. Vega will continue to expand in the potential Asia-Pacific market, especially in the Korean and Singaporean markets. Gumi Cryptos Capital, NGC, Hashed, and SevenX Ventures are all major investors of Vega in the Asia-Pacific region.
SAI.TECHI releases AI mobile liquid-cooled computing center product A1
According to official sources, SAI.TECH (Nasdaq:SAI) has released the A1 AI mobile liquid-cooled computing center product. This product can be paired with Gigabyte A100/H100 immersion servers and will provide a waste heat recovery interface internally to collect a large amount of waste heat generated by AI computing. This will be a significant breakthrough in achieving sustainable development in the AI field. SAI.TECH hopes to continue providing high-quality AI-related services and products to the world. SAI.TECH's subsidiary, BOLTBIT Limited, is developing GPU cloud services based on this container data center to provide GPU cloud services to more AI-related enterprises worldwide.
Regulation
Web3 live streaming platform Xeenon announced on its social media platform that due to the regulatory environment in the United States making it difficult to launch innovative features, the team has decided to shut down platform operations on Friday, September 15, 2023. BlockBeats previously reported that on December 9th of last year, Web3 live streaming platform Xeenon announced the launch of Arbitrum. The platform uses Livepeer network as its technical support and provides a Web3 community experience for creators and fans by offering NFT gatekeeping functions.
Celsius former CEO seeks court dismissal of FTC's allegations of misleading investors
According to CoinDesk, former CEO of bankrupt cryptocurrency lending platform Celsius, Alex Mashinsky, is seeking to have the Federal Trade Commission's (FTC) charges of misleading investors dismissed in court documents filed on Monday. As previously reported by BlockBeats, on July 13th, the US federal government filed a lawsuit against former CEO of Celsius Network, Alexander Mashinsky, and Celsius CRO Roni Cohen-Pavon, according to charging documents released by the US Southern District Federal Court in New York. Mashinsky organized a fraudulent scheme aimed at deceiving Celsius customers and personally profiting by manipulating the price of Celsius' proprietary token, CEL.
The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, will attend a hearing of the U.S. Senate Banking Committee on Tuesday. He still believes that cryptocurrencies must comply with the same laws as other securities such as stocks, and many cryptocurrencies fall under the jurisdiction of the SEC. In prepared testimony released on Monday, he said, "Given the industry's widespread non-compliance with the securities laws, we're seeing a lot of problems in the markets that aren't surprising. It reminds me of situations we've seen before, like in the 1920s before the federal securities laws were put into place. So we've taken a series of enforcement actions to hold lawbreakers accountable and to promote investor protection - some have resulted in settlements, and some have led to litigation." (The Block)
Binance.US stated in a revised response submitted to the US SEC that the motion requiring executives of the trading platform to testify and disclose further information is "excessive" and "reckless" as the SEC has not provided evidence that customer funds were transferred incorrectly. Binance.US stated that "even after BAM provided all evidence during the fast disclosure period, the SEC still lacks evidence to support its unsubstantiated allegations that imply investor assets were somehow transferred. All evidence, including documents, statements, and sworn testimony, supports BAM's position that it has custody and control of its digital assets."
Matrixport stated in a report that FTX plans to sell at least $3.4 billion worth of cryptocurrency, which will put pressure on altcoins for the remainder of the year. FTX aims to sell $200 million worth of crypto assets per week, meaning that FTX will continue to sell assets until the end of 2023. In addition, FTX is not the only major seller in the market. The report states that VCs also face significant pressure to return funds to investors. Research director Markus Thielen said, "These venture capital funds may still be important sellers of altcoins."
FTX has 38 properties in the Bahamas with a book value of $222 million
According to court documents, the bankrupt cryptocurrency trading platform FTX's assets include digital assets, cash, brokerage investments, venture capital portfolios, tokens, and real estate, totaling $7 billion. FTX owns 38 properties in the Bahamas with a book value of $222 million. The documents show that 50 "insiders," including SBF and Caroline Ellison, received $2.2 billion worth of cash, cryptocurrency, equity, and real estate. (Cointelegraph)
Funding
According to official sources, the on-chain asset management platform Range Protocol has completed a $3.75 million seed round of financing, led by HashKey Capital and Nomad Capital, with participation from Spark Digital Capital, Mirana Ventures, Symbolic Capital, Asymm Ventures, and Comma3 Ventures. The funds from this round of financing will be used to continue building Range Protocol's integrated on-chain asset management platform and further expand the team and community. Range Protocol is an on-chain asset management platform designed to provide a fair competitive environment between retail investors and professional digital asset managers. The platform is currently deployed on Ethereum, BSC, Mantle, Polygon, and Arbitrum.
Metaverse platform development studio Pahdo Labs announced that it has completed a $15 million Series A financing round, led by a16z, with participation from Pear VC, BoxGroup, Long Journey Ventures, Neo, and Global Founders Capital. Founded in 2021, Pahdo Labs is cultivating a virtual world built by players. The upcoming game, Halcyon Zero, will allow players to create their own anime-style world using AI or program-generated enhanced tools.
Japanese Web3 financial services company pafin has completed a new round of financing, with DG Daiwa Ventures, Sony Innovation Fund, and MZ Web3 Fund participating. pafin is developing financial technology and Web3-related businesses, such as the Cryptact automatic profit and loss calculation service for encrypted assets and the defitact Web3 family bookkeeping tool. pafin will use the funds from this round of financing to strengthen marketing and recruitment, expand the scope of its main business services, and build Web3 infrastructure. (PR Times)
According to South Korean media Hankyung, the Anti-Corruption and Civil Rights Commission of South Korea announced that it will establish a special investigation team for virtual assets of members of the National Assembly, starting from September 18th, to investigate the cryptocurrency transactions and holdings of members of the National Assembly for a period of three months. The investigation team is equipped with 30 professional investigators and will examine the status of virtual assets obtained, traded, and lost by members of the National Assembly in South Korea from May 30, 2020, the start of the 21st National Assembly, to May 31 of this year, and observe whether this status is consistent with the content declared by the members to the Ethics Consultation Committee of the National Assembly Ethics Committee.
Data
Ethereum breaks $1600, up 1.77% in 24 hoursAccording to OKX market data, Ethereum has broken through $1600 and is currently priced at $1614.74, with a 24-hour increase of 1.77%.
Bitcoin breaks $26,000, up 2% in 24 hoursAccording to OKX market data, Bitcoin has broken through $26,000 and is currently priced at $26,184, with a 24-hour increase of 2%.
Glassnode: Binance platform Bitcoin perpetual contract position hits 8-month low
According to Glassnode data, the Bitcoin perpetual contract position on the Binance platform is 2.384 billion US dollars, reaching an 8-month low. The previous low was 2.561 billion US dollars on March 11th.
Data: 7 whales sold 20.41 million ARB in the past 30 hours, losing $8.15 million
According to Lookonchain's monitoring, in the past 30 hours, 7 whales have sold ARB at a loss. They sold a total of 20.41 million ARB (valued at approximately $16.05 million) and lost $8.15 million (a loss of -33.67%).
Shield: A whale address was liquidated for 219.69 WBTC during yesterday's Bitcoin drop
According to Pai Shield's monitoring, when Bitcoin fell below 250 million US dollars yesterday, a whale address had its position liquidated on the Aave protocol, resulting in the loss of 219.69 WBTC (valued at approximately 5.64 million US dollars).
OP rebounds above $1.3, up more than 10% from yesterday's low
According to OKX market information, OP is currently priced at $1.335, up more than 10% from yesterday's low point.According to Spot On Chain, Offchain Labs accumulated an additional 1.799 million ARB tokens from Binance through an address starting with 0xb41, 40 minutes ago. The average extraction price was $0.78, totaling $1.4 million. Since August 23 (20 days ago), Offchain Labs has extracted a total of 7.166 million ARB tokens from Binance at an average price of $0.9, totaling $6.47 million.
Data: friend.tech protocol fees have exceeded 4000 ETHAccording to data from Dune, the protocol fees for friend.tech have exceeded 4000 ETH (approximately $6.682 million), with a total of 3,667,403 transactions.
DWF Labs transferred 1 million GAL to Binance 3 hours ago.
According to Spot On Chain, DWF Labs transferred 1 million GAL to Binance at an average price of $1.17, 3 hours ago. GAL has surged over 10% in the past 24 hours. It is worth noting that DWF Labs received 2 million GAL from Galxe Treasury on May 4, 2023 (valued at $3.38 million at the time) and deposited all funds into Binance on June 29.
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