Selected News:

1. Insider: OpenAI seeks to sell existing shares at a valuation of up to $90 billion.

2. Celestia airdrop is now online, with a total of 1 billion TIA tokens.

3. WSJ: The US Department of Justice has been investigating Binance for up to a year, which may result in criminal charges and billions of dollars in fines for Binance and CZ.

4. The founder of Curve has fully repaid all debts on Aave.

5. The SEC has advanced the deadline for the Ark 21Shares and Global X Bitcoin ETF applications.

Project Updates

Curve founder has fully repaid all debts on Aave

According to DeBank data, Curve founder Michael Egorov repaid 356,000 USDT debt on Aave V2 2 hours ago and has now fully paid off all debts on Aave.

"Pudgy Toys", a project related toy of "Fat Penguin", has been launched in 2000 Walmart stores in the United States.

According to official sources, the Pudgy Toys, the merchandise of the NFT project "Pudgy Penguins", are now available for sale in 2,000 Walmart stores across the United States. Walmart will be selling 16 different types of Pudgy Toys manufactured by PMI Kids' World, with prices ranging from $2.99 to $11.97.

Santiment: Bitcoin trading volume drops to lowest level since March 2019

The encryption analysis company Santiment has stated that Bitcoin trading volume (measured in US dollars) has dropped to its lowest level since March 2019.

Insider: OpenAI seeks to sell existing shares at a valuation of up to $90 billion

According to sources cited by The Wall Street Journal, OpenAI is in talks with investors regarding the sale of existing stocks, which would value the artificial intelligence startup behind ChatGPT at between $80 billion and $90 billion, nearly triple its value earlier this year. Currently, Microsoft holds a 49% stake in OpenAI. OpenAI has previously told investors that it expects to generate $1 billion in revenue this year, with several billion more expected by 2024. OpenAI's main source of revenue comes from charging individual users for access to more powerful versions of ChatGPT, as well as licensing the large language model behind the AI robot to businesses.

Celestia airdrop website issue has been fixedCelestia has stated that the issue with their airdrop website has been fixed. Previously, there was an error on the airdrop website where eligible Ethereum addresses were not recognized as eligible when claiming the airdrop.

Linear Finance protocol has been closed for maintenance, ensuring the safety of user LINA assets.

DeFi synthetic asset protocol Linear Finance announced that the protocol has been shut down and undergoing maintenance to restore the damage caused in the attack on September 21. Ensuring the safety of user LINA assets.

Celestia airdrop has filtered out witch addresses identified by Hop and OP airdrops

The Celestia airdrop whitelist has filtered out the witch addresses previously identified during the Hop and OP airdrops. In addition, a witch detection framework provided by Trusta Labs, a Web3 security infrastructure, has been added to identify Ethereum and rollup addresses based on their on-chain clustering behavior and asset transfer maps. These addresses are considered highly likely to be witch accounts.

Decentralized liquidity staking protocol Diva's early stakers insurance fund is about to open

Decentralized liquidity staking protocol Diva's early stakers' insurance pool, with a total capacity of 100,000 ETH, will open at 1:00 am on September 27th. Deposit ETH or stETH to receive DIVA allocation before the launch of Diva Staking. Also, support the diversity of LST through deposits and express opinions in Diva governance.

WSJ: The US Department of Justice has been investigating Binance for up to a year, which may lead to criminal charges and billions of dollars in fines for Binance and CZ

According to WSJ, sources revealed that the US Department of Justice has been conducting a year-long investigation into Binance, which could lead to criminal charges and billions of dollars in fines for Binance and CZ. Binance is also facing a lawsuit from the US Securities and Exchange Commission, accusing Binance and CZ of illegal operations and misusing customer funds in the US. The company has admitted to past mistakes but stated that customer funds are safe and they are committed to compliance.

A spokesperson from Binance stated, "We work tirelessly not only to learn from the past, but also to continue investing in teams and systems that ensure user protection." Binance.US activities in the United States have largely disappeared. Its CEO, legal chief, and risk chief have all recently resigned. According to insiders, Binance has been in discussions with the Department of Justice for several months, and there have been internal discussions about whether CZ should step down.

Celestia airdrop is now online, with a total of 1 billion TIA tokens.

The modular blockchain Celestia has announced that its airdrop is now live. 7,579 developers and 576,653 on-chain addresses will have the opportunity to join Celestia from the first block. Eligible participants can claim up to 60 million TIA (Celestia's native asset) before 8:00 PM on October 17, 2023.

Alchemy acquires blockchain data indexing platform Satsuma

Web3 developer platform Alchemy has acquired blockchain data indexing platform Satsuma. As part of the deal, Satsuma will merge with Alchemy and operate as Alchemy Subgraphs. The specific terms of the transaction have not been disclosed. The acquisition took place under bearish conditions in the cryptocurrency market, but Alchemy's product manager Mike Garland stated that the deal is not related to the bearish market environment.

Their team has built an outstanding product and quickly gained a group of passionate users, reminiscent of Alchemy's early days. Integrating Satsuma's team and technology into Alchemy is the obvious next step in addressing the biggest pain points for developers. Satsuma is Alchemy's second acquisition after acquiring the Web3 developer education platform ChainShot in August 2022.

Immunefi has launched a smart contract system called Vault Systems, which can hold funds for code vulnerabilities payments.

Immunefi has announced the launch of Vault Systems, an intelligent contract system that allows developers to securely store funds for paying hackers or researchers who report vulnerabilities in their code. These funds are only released to hackers after the vulnerability report has been verified.

Immunefi founder Mitchell Amador said the purpose of doing so is to establish trust between the usually cautious parties. The relationship between the hacker community and project developers can be very complex. Developers are particularly concerned about their projects being abused, but even well-intentioned hackers may be worried about legal trouble when they discover vulnerabilities. Even when they submit reports, they are also concerned that their work will not be properly recognized or rewarded.

Paradigm has launched its "groundbreaking" policy laboratory to promote cryptocurrency.

The encryption venture capital firm Paradigm announced on Tuesday the launch of what they call a "groundbreaking" policy lab, which will become a "hub" for academics, policy experts, lawyers, and technology experts. The team will generate "cutting-edge research, commentary, and advocacy" on the most important policy issues facing encryption and other cutting-edge technologies.

As part of the launch plan, Paradigm Policy Lab announced two inaugural academic researchers, Primavera De Filippi from the Berkman Klein Center at Harvard University and Agostino Capponi from Columbia University. They will research "regulatory equivalence" - a term used to describe the comparability of legal and technical constraint systems and how to achieve the same policy outcomes through regulatory or technical architecture.

Binance Academy usage increased by 62%, with the majority of growth coming from learners in emerging markets.

According to data released by Binance Academy, the user base of Binance's open blockchain and cryptocurrency education platform, Binance Academy, has grown by 62%. From September 2022 to August 2023, the number of individuals seeking cryptocurrency education has significantly increased. Since its establishment in 2018, 39 million people have used the platform to further their knowledge of blockchain technology and cryptocurrency. The most popular topics in cryptocurrency education this year include the metaverse, Bitcoin, cryptocurrency wallets, and candlestick charts. Beginner-level articles on topics such as how to trade cryptocurrency, what blockchain technology is, and how to use cryptocurrency wallets have always been the most popular content on the platform. Binance Academy points out that the increase in the number of people seeking cryptocurrency education reflects the global adoption of cryptocurrency. This year, the platform's users interested in cryptocurrency education mainly come from emerging economies such as India, Bangladesh, Turkey, Ukraine, and Indonesia.

Coindesk reported on the detention conditions of SBF: overcrowding, some food moldy, and dim lighting

Coindesk revealed that SBF's living environment and daily life in the Brooklyn Metropolitan Detention Center. The article stated that since losing bail, SBF has been living in this prison for six weeks, and the conditions and environment here are far different from SBF's previous residence in the Caribbean. SBF's lawyers told the judge: "The internet speed here is slow, the living area is too dirty, and the food selection in the self-service restaurant is also very limited. SBF relies on bread and water to survive, sometimes with peanut butter." The Brooklyn Metropolitan Detention Center is a large prison complex consisting of two buildings, holding more than 1,600 male and female prisoners, many of whom are still awaiting trial. The current detainees also include Juan Orlando Hernandez, the former president of Honduras who is charged with drug trafficking and does not plead guilty, and Chinese businessman Guo Wengui, who is charged with fraud and does not plead guilty.

Cross-border payment giant, Su Huijin, will launch a non-custodial wallet that supports legal currency exchange with USDC.

According to Fortune magazine, cross-border payment giant MoneyGram announced on Tuesday that it will launch a non-custodial wallet to help users transfer funds between fiat currency and the USD stablecoin USDC. Unlike many non-custodial wallets, MoneyGram's new product will have full KYC requirements and can only be compatible with other MoneyGram wallets. Although this limits its functionality in the wider crypto ecosystem, it also protects MoneyGram from regulatory scrutiny.

Cryptocurrency market maker Keyrock obtains anti-money laundering compliance license in Switzerland

According to The Block, cryptocurrency market maker Keyrock has obtained regulatory approval from the Swiss Financial Services Standards Association (VQF). Keyrock is currently actively preparing to comply with MiCA. After obtaining approval from Swiss regulatory authorities, the market maker announced plans to expand its fiat currency in and out services through its over-the-counter (OTC) trading platform. In addition to existing currency pairs such as the US dollar and the euro, this expansion will also include fiat currencies such as the pound and more than 10 other currencies.

Viewpoint

Hong Kong Monetary Authority CEO: Expects mBridge CBDC project to gradually transition to commercialization

According to Blockworks, Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, detailed the plan for mBridge during his keynote speech at the 2023 Shanghai Securities Market Forum. The platform is a joint development between China, Thailand, Hong Kong, the United Arab Emirates, and the Bank for International Settlements. The mBridge project is a digital platform developed by central banks of various countries, aimed at using blockchain technology for cross-border payments. Some believe it has the potential to challenge the traditional globally-based payment system that is based on the US dollar. It is expected that more central banks will join and expand the scope of the project. Yue stated, "We look forward to more central banks joining this open platform, and soon we will launch what we call the minimum viable product to pave the way for the gradual commercialization of mBridge." Recent pilot tests have shown that central bank digital currency (CBDC) platforms can accelerate cross-border payments, while reducing costs and increasing transparency.

Data

friend.tech "Keys" price ranking: encryption KOL Vombatus ranks first with 7.268 ETH

friend.tech "Keys" price ranking list latest data shows:

· Cryptocurrency KOL Vombatus ranked first with 7.268 ETH;

· Platform founder Racer ranked second with 6.642 ETH;

· Cryptocurrency KOL Levi ranks third with 5.112 ETH;

· Crypto KOL CBB0FE ranks fourth with 4.796 ETH;

· Cryptocurrency KOL Hsaka ranks fifth with 4.727 ETH.

Coinbase Executive: Binance Destroys Approximately $524 Million Worth of BETH

Coinbase executive Conor Grogan posted on social media that Binance destroyed approximately $524 million worth of BETH after its tweet announcing the creation of over $500 million worth of WBETH on Binance over the weekend.

DWF Labs extracted 10.5 million BLZ worth $1.79 million from Binance

According to The Data Nerd, DWF Labs has just extracted 10.5 million BLZ worth $1.79 million from Binance and transferred it to a wallet starting with 0xd4b.

GSR withdrew 670,000 WLD from Binance, worth approximately $1.1 million

According to The Data Nerd, GSR withdrew 670,000 WLD (approximately $1.1 million) from Binance one hour ago. Currently, their address holds a total of 4.1 million WLD (approximately $6.8 million) with an average price of $1.3.

Funding

完全同态加密区块链 Fhenix 完成 700 万美元种子轮融资，Multicoin Capital 和 Collider Ventures 领投 Translation:

Fully Homomorphic Encrypted Blockchain Fhenix Completes $7 Million Seed Round Financing, Led by Multicoin Capital and Collider Ventures

According to Coindesk, Fhenix, the first blockchain powered by fully homomorphic encryption (FHE), has completed a $7 million seed round of financing, led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, and Metaplanet. The new funds will be used to introduce a public testnet for the Fhenix network early next year and support the development of ecosystem applications.

Avantis Labs has completed a $4 million seed round of financing, led by Pantera Capital.

DeFi derivatives trading platform Avantis Labs has completed a $4 million seed round of financing, led by Pantera Capital, with participation from Founders Fund, Base Ecosystem Fund under Coinbase, and Modular Capital. The new funds will be used to develop its flagship product Avantis, which is a perpetual contract trading and market-making protocol.

LeverFi receives $2 million investment from DWF Labs

LeverFi has received a $2 million investment from DWF Labs, which has a lock-up period and staged release period of two years. In addition, LeverFi has also received an additional $2 million over-the-counter trading commitment, which can be executed at any time within two years if needed. These new funds will be used for protocol innovation, marketing activities, and user acquisition. In addition, DWF Labs and LeverFi have reached a market-making arrangement, with DWF Labs providing liquidity for LEVER trading pairs on relevant exchanges.

When LeverFi was looking for new market-making partners, it had discussions with multiple liquidity providers and received a series of market-making proposals. DWF Labs provided the most competitive market-making terms that best fit LeverFi's market-making goals. In addition to providing liquidity, DWF Labs also proactively helped LeverFi with growth and strategic business development activities. Through DWF Labs' introduction, LeverFi has already had discussions with new trading platforms, liquidity risk funds, and professional marketing partners.

Regulation

The US SEC has postponed the application for Ark 21Shares and Global X Bitcoin ETFs.

Bloomberg ETF analyst James Seyffart posted on social media that the US Securities and Exchange Commission (SEC) has just extended the review time for the Ark 21Shares Bitcoin ETF application, which was originally due to be approved by November 11. The SEC also extended the deadline for a spot Bitcoin ETF product application submitted by index fund giant Global X, which was originally due to be approved by October 7. BlockBeats previously reported that SEC Chairman Gary Gensler said on September 21 that due to the possible government shutdown at the end of this month, SEC's regulatory activities will be severely restricted and may not be able to perform some basic functions.

The Royal Bank of Scotland will ban UK customers from conducting cryptocurrency-related transactions from October 16th.

According to a report by CoinDesk, Chase UK, a major British bank, will prohibit its UK customers from conducting cryptocurrency-related transactions starting from October 16th. The email sent to customers stated that "we will decline transactions that we believe are related to crypto assets." The email also added that customers are free to choose other banks or providers for cryptocurrency investments. The Financial Conduct Authority (FCA) in the UK recently stated that it has facilitated discussions between banks and cryptocurrency companies, but lenders have shown reluctance to provide services to the industry.

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