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Daily News | Vitalik Buterin: CBDCs are becoming the 'front-end' of traditional banking systems; Aave community initiates ARFC proposal to deploy Aave V3 on Polygon zkEVM.

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Good morning! Here is a summary of important news in the cryptocurrency industry from last night and this morning on September 25th.

Selected News:

1. South Korean cryptocurrency exchange Upbit has resumed APT deposit and withdrawal services;

2. Vitalik Buterin: CBDC is becoming the "front end" of traditional banking systems;

3. The Aave community initiated an ARFC proposal to deploy Aave V3 to Polygon zkEVM.

4. Terra Classic community votes to halt the minting of Terra Classic USD (USTC);

5. As of September 21st, the net reduction of USDC circulation was nearly 300 million coins.

Project Updates

South Korean cryptocurrency exchange Upbit has resumed APT deposit and withdrawal services.

According to official sources, the South Korean cryptocurrency exchange Upbit announced last night that it has resumed deposits and withdrawals of Aptos (APT) after checking the stability of the Aptos wallet system.

"Minecraft" developer requests a private server operator to remove Bitcoin-based P2E function

According to Decrypt, Mojang Studios, the developer of Minecraft, recently requested an independent PC server operator run by fans, Satlantis, to remove its Bitcoin-based play-to-earn feature (paying players in Bitcoin and providing P2E functionality). The founder of Satlantis, Dineno, stated that the play-to-earn feature will be removed from the server at 12:00 pm Eastern Time on Monday and advised players to withdraw their balances as soon as possible. Dineno also mentioned that the "profit-sharing game format" has been effective and will be ported to other gaming communities.

Vitalik Buterin: CBDC is becoming the "front end" of traditional banking systems

Vitalik Buterin said in an interview with CNBC that central bank digital currencies (CBDCs) have not developed in the way he had hoped. He was once more optimistic about CBDCs, but now most CBDCs have become the "front end" of traditional banking systems. Vitalik said that CBDCs may not be private digital assets. Instead, governments and companies will monitor users' financial transactions through CBDCs.

Arrington Capital founder has left to join the board of the new company replacing Celsius

According to The Block, Michael Arrington, the founder of Arrington Capital, has resigned from the board of directors of NewCo, which took over the operation of Celsius, just 13 days after agreeing to join the board. The unnamed company, formed by Celsius, will inherit Celsius' business. Ravi Kaza will replace Arrington, who is a member of Fahrenheit Holdings, the consortium that won the bid for Celsius' assets auction in May of this year. Arrington said he decided to leave because he had differences of opinion about "some decisions made around the board charter, especially regarding board observers." However, he still fully supports the deal and looks forward to contributing "in ways outside of the board."

Defnalist: Upbit False APT Recharge System Due to Unchecked Type Parameters

Definalist posted that the Upbit false APT recharge system did not check the type parameter. Definalist pointed out that the false APT decimal has 6 digits, while the native token has 8 digits. If the false APT decimal has 8 digits, all users will receive $25,000 instead of $250. Previously, Definalist stated that according to reports from multiple community users, some users deposited false APT tokens ClaimAPTGift into Upbit and the Upbit system successfully processed them as deposits. Some users also reported that their APT balance increased without any action, and some users who sold false APT tokens received customer service calls requesting refunds.

Worldcoin: Over 200,000 people in Chile have completed World ID verification

Worldcoin announced that over 200,000 Chileans have completed World ID verification, which is over 1% of Chile's total population of 19.5 million.

Aave community initiates ARFC proposal to deploy Aave V3 on Polygon zkEVM

The Aave community has initiated an ARFC proposal to deploy Aave V3 on Polygon zkEVM network. The proposal suggests deploying a minimum viable product (MVP) version of Aave V3 on the Polygon zkEVM network to promote Aave's diversity on L2 and expand its influence in the DeFi space. The proposal plans to deploy Aave V3.0.1 on Polygon zkEVM, which includes three collateral types (WETH, WMATIC, and USDC) and one borrowable asset (USDC). Risk parameters are provided for community discussion, and feedback from risk service providers is solicited.

Terra Classic Community Votes to Halt Minting of Terra Classic USD (USTC)

According to The Block, the Terra Classic (LUNC) community has voted to halt all minting of Terra Classic USD (USTC), formerly known as UST, the algorithmic stablecoin. The proposal passed with 59% support and aims to protect "the anchored community and external investors who are currently burning USTC." According to LUNC Metrics, the community has only burned 75 billion tokens so far, which is approximately 1% of the nearly 6 trillion circulating tokens. USTC is currently priced at $0.012.

Regulation

South Korea's new bill proposes to strengthen background checks for virtual asset operators

According to Decenter, South Korean National Assembly member Yin Changxian (transliteration) has initiated a revision to the Specific Financial Information Act, which stipulates that when virtual asset operators apply for review, not only should the representatives and registered senior staff be examined, but also the criminal records of major shareholders should be reviewed. Major shareholders who are found guilty must relinquish their shares or their status as virtual asset operators.

Service. Upbit stated that all abnormal deposit attempts have been resolved and users' Aptos transactions are not affected.

FTX former spokesperson proposes a motion to dismiss the class action lawsuit against them

A Melbourne couple who mistakenly received $6.6 million in funds from Crypto.com will face trial

According to Cointelegraph, a Melbourne couple's Crypto.com account received 10.5 million Australian dollars (approximately 6.6 million US dollars) in 2021 by mistake, and the error was not discovered until the annual audit of the Crypto.com trading platform in December 2021. Crypto.com filed a lawsuit and the judge ruled that the couple must return the funds to Crypto.com. The couple will face theft charges and a guilty trial in October.

Data

This week's unlocked data overview: OP will unlock once with a value of over $30 million on Saturday

According to Token Unlocks data, from September 25th to October 1st, ACA, GAL, YGG, AGIX, EUL, OP, and 1INCH tokens will undergo a one-time unlock.On September 25th at 8:00, Acala will unlock 4.66 million ACA (approximately $220,000 USD), accounting for 0.58% of the circulating supply.On September 27th at 20:00, Galxe locked 586,700 GAL tokens (approximately $770,000 USD), accounting for 1.26% of the circulating supply.

On September 27th at 22:00, Yield Guild Games will unlock 12.42 million YGG (approximately $2.56 million), accounting for 6.71% of the circulating supply.

On September 28th at 8:00, SingularityNET will unlock 9.69 million AGIX tokens (approximately $1.72 million), accounting for 0.79% of the circulating supply.On September 28th at 8:14, Euler will unlock 153,020 EUL (approximately $410,000 USD), accounting for 0.82% of the circulating supply.

On September 30th at 12:00, Optimism will unlock 24.16 million OP tokens (approximately $30.92 million) which accounts for 3.03% of the circulating supply.

On October 1st at 16:00, 1inch will unlock 15,000 tokens (approximately $3,880 USD) of 1INCH.

截止 9 月 21 日，USDC 流通量净缩减近 3 亿枚

Translation:

As of September 21st, the net circulation of USDC has decreased by nearly 300 million coins.

According to data from Circle's official website, from September 15th to September 21st, Circle issued approximately 700 million USDC and redeemed approximately 1.1 billion USDC, resulting in a decrease in circulation of nearly 300 million USDC. As of September 21st, the circulation of USDC was 25.7 billion, with reserve funds of 25.8 billion US dollars.

0xdf1 Whale withdrew 10.29 million CRV from Binance 5 hours ago

According to Yu Jin's monitoring, 0xdf1 whale withdrew 10.29 million CRV (valued at approximately $5.37 million) from Binance 5 hours ago. In the past three days, the whale has withdrawn a total of 19.56 million CRV from Binance, worth $10.2 million, with an average withdrawal price of approximately $0.5 per token.

The Fed's weekly balance sheet reduction was nearly $75 billion, and the total size of its balance sheet is approaching $8 trillion.

According to data from the official website of the Federal Reserve, as of September 19th, the size of the Federal Reserve's balance sheet was $8.024 trillion, a decrease of $74.689 billion from the previous week's $8.09 trillion.

Glassnode: Ethereum balance on trading platforms hits a new low in nearly 5 years

According to Glassnode data, the balance of Ethereum on trading platforms has reached 14,551,400.379, hitting a new low in nearly 5 years.

Bitcoin fell to around $26,000 in a short period of time, with a 24-hour decline of 1.87%.

CME "Fed Watch": Probability of Fed Maintaining Interest Rates Unchanged in November is 73.7%

According to the "Fed Watch" data from CME, the probability of the Fed maintaining interest rates at 5.25%-5.50% in November is 73.7%, while the probability of raising interest rates by 25 basis points to the 5.50%-5.75% range is 26.3%.

某地址今日从 Binance 累计提币 199.49 万枚 CRV

Translation:

An address withdrew a total of 1,994,900 CRV from Binance today.

According to The Data Nerd's monitoring, an address starting with "0xefb" withdrew 971,900 CRV tokens (approximately $494,000) from Binance at a price of $0.504 per token. As of today, a total of 1,994,900 CRV tokens have been withdrawn.

Data: Starknet bridges user volume surpasses 1 million

According to Dune data, the user count of Ethereum Layer2 scaling solution Starknet bridged has reached 1,002,053, with bridged storage value of 571,882 ETH.

Data: A certain whale address withdrew 1.14 million ARB from Binance, equivalent to approximately $945,000

According to Lookonchain monitoring, about 40 minutes ago, a certain whale address withdrew 1.14 million ARB (approximately $945,000) from Binance. It is reported that on July 3, the whale deposited 1.13 million ARB (approximately $1.32 million) into Binance at a price of $1.17, losing about $15,000 in this ARB investment.

Data: Since the deployment of the ERC-4337 smart contract, over 687,000 AA wallets have been created.

The account abstract data analysis platform Sixdegree Lab has released a report stating that since the deployment of the ERC-4337 smart contract, over 687,000 AA (account abstract) wallets have been created, and over 2 million user operations (UserOps) have been launched. Most of the growth occurred in July and August, mainly concentrated on Layer2 networks such as Polygon, Optimism, and Arbitrum, while CyberConnect and ZTX attracted the most new users and on-chain activities.

Data: Total deposits of DAI in DSR exceeded $1.6 billion

According to data from Spark Protocol, a lending protocol under MakerDAO, the total amount of DAI deposited in DSR has reached 1.61 billion US dollars. Users can earn the current 5% deposit interest rate by depositing DAI in DSR.

Data: Linea mainnet has crossed over 50,000 ETH and the number of interacting addresses exceeds 270,000.

Dune data shows that the Linea mainnet has crossed 50,761 ETH and the number of transactions has reached 403,885, with 273,013 interacting addresses.