Daily Legal News: SBF's father deeply involved in FTX's operational affairs; insiders say Binance.US's chief legal officer and chief risk officer will resign.
Selected News:
1. SSV Network announces the launch of a decentralized staking mainnet;
2. Optimism: transferring 130 million OP tokens between internal wallets for fund management;
3. Paradigm Partner: Paradigm will not give up on investing in the cryptocurrency field and will raise a $1 billion fund by the end of this year or early next year.
4. Vitalik Buterin: Project parties seeking development in Hong Kong should consider the local policy sustainability;
5. The encrypted trading platform Remitano is suspected to have been attacked, resulting in a loss of $2.7 million. Tether has frozen $1.4 million.
Project Updates
Twitter identity verification feature has been launched on the web.
Twitter's identity verification feature is now available on the web, and it is an optional feature. After verification, the information can be displayed on the user's profile page.
Ethereum core developer Tim Beiko summarized the latest Ethereum core developer execution meeting (ACDE), which introduced Devnet updates, new content in Dencun, and provided a comprehensive overview of Reth.
欧易 OKX has announced a compensation plan for contract price anomalies.
OKX, the Chinese official account of Ouyi, stated that there were price abnormalities in some contract targets on the platform from 3:38 to 3:43 pm (UTC+8) on September 13th. After investigation, it was found that the issue was caused by the abnormality of the platform's limit order service, which resulted in some contracts being unable to be normally placed, leading to price deviations and some users triggering liquidation or stop loss. OKX will compensate users who suffered losses due to this issue, and the specific compensation information is as follows:
According to TechCrunch, RWA DeFi lending protocol Goldfinch has reached an agreement with a $5 million loan defaulting party on a loan restructuring plan. The plan may recover the $5 million loan from Tugende in East Africa's motorcycle rental financing project. The terms of the agreement have not been disclosed. Michael Wilkerson, co-founder and CEO of Tugende, refused to disclose details of the restructuring plan but promised to provide more information in the coming weeks.
Nakamigos adjusts new NFT sale rules, original NFT holders can mint for free
NFT project Nakamigos announced on social media platform that it has adjusted the rules for the new season of NFT sales. The pre-mint price for Nakamigos holders will be adjusted from 0.05 ETH to free. This morning, Nakamigos announced the details of the new season's NFT sales, which will be divided into pre-mint and public mint phases, with an initial price of 0.05 ETH for both. However, the community was not satisfied with this rule, leading to a more than 40% drop in Nakamigos' floor price.
Aztec has launched a smart contract privacy framework Aztec.nr.
Aztec, a privacy and scalability solution based on ZK Rollup, has launched a smart contract privacy framework called Aztec.nr. This framework is based on the Noir extension and extends its functionality by simplifying state management through templated functions. Earlier this month, Aztec announced that it was building privacy abstractions to provide developers with smart contract privacy, supporting default anonymity, private state read/write functionality, and private smart contract function execution.
Genesis will stop trading digital asset derivatives through GGC International
According to The Block, digital asset financial company Genesis has stated in an email to its clients that it will stop trading digital asset derivatives through GGC International. The termination will take effect at 5:00 pm Eastern Time on September 21. This means that Genesis will no longer offer trading services through any of its business entities. The company stated that this decision "was made voluntarily for business reasons".
Algorand Foundation announces integration with Metamask Snaps framework
The Algorand Foundation announced on its official blog that it has integrated with the Metamask Snaps framework and open-sourced the code to the community. The announcement states that this integration marks an important step for the foundation in cultivating a diverse and dynamic ecosystem through accessibility.
Circle launches native USDC on NEAR
Circle has announced that its USD stablecoin, USDC, has officially launched on the NEAR Protocol mainnet. Users can access NEAR USDC through Circle accounts and Circle API. Circle stated that USDC is now natively supported on 13 blockchains.
SSV Network announced the launch of a decentralized staking mainnet.
SSV Network has announced the launch of its decentralized staking mainnet, which is the first large-scale application of its distributed validator technology aimed at providing users with decentralized staking services. According to reports, the release of the SSV mainnet involves more than a dozen partners, including Stader, Ankr, Stakestar, 01node, Metapool, StakeTogether, XHash, Chainup, Coindelta, and Claystack, among others, and these protocol dApps will be integrated with SSV.
According to TechCrunch, cryptocurrency consulting firm Reverie is launching a flagship fund, Reverie Fund One, worth $20 million, which will invest in pre-seed and seed-stage cryptocurrency startups. The fund will focus on decentralized social media and security. The company has reportedly invested in over 40 companies, including DEX project Osmosis, and provides consulting services for projects such as Compound and trading platform dYdX.
Bloomberg: SBF's father deeply involved in FTX's operational affairs
According to Bloomberg, SBF's father, Joe Bankman, a law professor at Stanford University, is closely involved in the operation of FTX and has participated in multiple decisions, including developing marketing materials for FTT. In addition, SBF often consults his father on legal issues. A former FTX employee said that when employees make any legal suggestions, SBF would say he needs to call Joe first.
Deutsche Bank collaborates with Taurus to provide digital asset custody and tokenization services
According to The Block, Deutsche Bank has announced a partnership with Swiss fintech company Taurus to provide digital asset custody and tokenization services. Previously, Deutsche Bank participated in Taurus' $65 million Series B funding round and applied for a digital asset license from German financial regulators earlier this year.
Polygon Labs has released three proposals regarding the 2.0 upgrade and POL token migration.
According to the information on the Polygon Labs governance page, Polygon Labs has released three proposals regarding the upgrade to Polygon 2.0 and the migration of the POL token. Among them, PIP-17 outlines the "Phase 0" of Polygon 2.0. The main aspect of this proposal is to ensure that end users and developers do not need to take any action on the existing Polygon PoS and Polygon zkEVM chains during the upgrade. PIP-18 proposes the implementation of the POL token, which aims to replace the existing MATIC token as the native gas and staking asset of the Polygon ecosystem. PIP-19 requires the native Gas token on the Polygon PoS to be upgraded from MATIC to POL in a way that ensures maximum backward compatibility. This ensures that the code attributes of the new token will remain unchanged on the smart contracts on the Polygon PoS after the upgrade. The goal here is to ensure that the code attributes of the upgraded POL token remain unchanged. (The Block)Viewpoint
Insider: Binance.US General Counsel and Chief Risk Officer to ResignAccording to sources cited by The Wall Street Journal, Binance.US General Counsel Krishna Juvvadi and Chief Risk Officer Sidney Majalya are set to resign. Juvvadi joined Binance.US as the global operations compliance chief in May 2022 from Uber. Earlier in his career, he served as a litigator in the US Department of Justice's Civil Rights Division. Majalya joined Binance.US in December 2021 and previously served as Chief Compliance Officer at Intel.
Paradigm partner Matt Huang stated in an interview with The Information that Paradigm will not give up investing in the cryptocurrency field and will raise a $1 billion fund at the end of this year or early next year.
Bybit CEO: New UK regulations may force Bybit to exit the UK market
According to The Block, Bybit CEO Ben Zhou stated that the new marketing rules that came into effect on October 8th in the UK may force Bybit to exit the UK market. Earlier reports indicated that the new UK marketing regulations classify cryptocurrency services as a high-risk investment category for UK marketing materials, requiring all global platforms to display clear risk warnings to UK customers and have any public promotional activities approved by authorized companies.
Vitalik Buterin said today in Singapore that although Hong Kong has turned towards a crypto-friendly stance since the end of last year, crypto projects should consider the stability of its friendly policies when setting up offices in Hong Kong. Vitalik Buterin said, "For me, the sustainability of Hong Kong's crypto-friendly policy is a key variable, and it is difficult for me to judge this issue personally. It is challenging for local regulators to convince people that crypto-friendly policies are sustainable." (The Block)
Hong Kong Legislative Council member Wu Jiezhuang responded to the issue of "Vitalik's statement that project parties seeking development in Hong Kong should consider the sustainability of local policies". He respects Vitalik's right to speak, but believes that he does not understand the specific situation in Hong Kong. Wu Jiezhuang expressed his own views and extended an invitation to Vitalik.
Data
Blur September Unlock: 49.36 million BLUR transferred from contract to Coinbase Prime
According to @EmberCN's monitoring, the September unlock of Blur has been transferred 8 hours ago, with 49.36 million BLUR (approximately 8.62 million USD) transferred from the unlocking contract to the 0x0A0 multi-signature address, and then transferred to Coinbase Prime through the 0x0A0 multi-signature address.
Banana Gun: Router is now ranked third in the gas consumption leaderboard, with a total consumption of over 115 ETH in the past 24 hours.
According to Etherscan data, the Gas consumption of Banana Gun: Router in the past 3 hours was 35.51 ETH, ranking third in the Gas consumption leaderboard. The cumulative consumption in the past 24 hours was 115.69 ETH.
Bitcoin volatility index rose to 47 yesterday, with a daily increase of 0.51%.
The BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose to 47 yesterday, up 0.51% for the day.
In the past 12 hours, Lazarus Group has continued to transfer stolen funds from Stake.
According to Arkham monitoring, Lazarus Group has continued to transfer stolen funds related to Stake in the past 12 hours. In the past 10 days, Lazarus Group has been associated with two separate hacking attacks, resulting in a total loss of over 95 million US dollars.
Optimism: transferring 130 million OP tokens between internal wallets for fund management
Optimism's official statement indicates that "we are transferring 130 million OP tokens between internal wallets for fund management. This is an internal planned transaction, and we are sharing this information with the community for awareness."
The initial jobless claims in the United States for the week ending September 9th were 220,000, with an expected 225,000 and a previous value of 216,000. (Jin10)
US August PPI YoY 1.6%, expected 1.2%
The US August PPI YoY increased by 1.6%, exceeding the expected 1.2%. The US August PPI MoM increased by 0.7%, exceeding the expected 0.4%. (Jin10)
Regulation
According to Reuters, Roni Cohen-Pavon, former Chief Revenue Officer (CRO) of the now-bankrupt crypto lending company Celsius Network, has pleaded guilty to four criminal charges, including manipulating the price of the platform's token, CEL. According to a copy of the plea agreement, Roni has agreed to assist the Manhattan US Attorney's Office and the Federal Bureau of Investigation in their investigation and testify in court when requested.
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