Selected News:

1. The Scroll mainnet has generated its genesis block.

2. Former CEO of Alameda Research, Caroline Ellison, made her first public appearance to testify in the SBF case.

3. Tokenized RWA platform Untangled Finance has completed a $13.5 million financing and is now live on the Celo network.

4. Since February 2023, Ethereum whales have sold over 5 million ETH, worth approximately $8.5 billion.

5、Unisat Wallet announces the launch plan and fee structure of brc20-swap mainnet.

Project Updates

CoinGecko has launched a new feature called "Chains" that focuses on displaying information about coins, NFTs, and DEXs within the ecosystem.

The cryptocurrency data analysis website CoinGecko has launched a new feature called "Chains". Users can now access information on currencies, NFTs, and DEXs within the blockchain ecosystem on the same page.

Circle: Native USDC is now available on Polygon PoS

Circle announced that USDC is now natively supported on Polygon PoS, and developers and users can access it without the need for bridging. Circle Mint and Circle APIs now fully support USDC on Polygon PoS, allowing users to easily access USDC liquidity and take full advantage of Polygon PoS's fast and efficient network. It is worth noting that starting from November 10th, Circle will stop supporting bridged USDC.e on Polygon PoS and only support native USDC.

Wintermute experienced talent loss to traditional financial institutions, and the co-founder said "now we have advocates on the other side"

According to DL News, Yoann Turpin, co-founder of the crypto market maker Wintermute, stated that some of the company's employees have moved to traditional financial institutions such as banks and hedge funds.

Spencer Ventures acquires 144 "Fat Penguin" NFTs from the original Three Arrows Capital collection

According to Blockworks, NFT crypto fund Spencer Ventures plans to purchase 144 "Pudgy Penguins" series NFTs from the art collection of the now-defunct crypto hedge fund Three Arrows Capital. The venture capital firm recently closed a "six-figure" deal with Sotheby's, the auction house responsible for selling Three Arrows Capital's NFT investment portfolio. Spencer Ventures will receive 48 Pudgy Penguins NFTs, as well as 48 Pudgy Rods and 48 Lil' Pudgys airdropped to them.

Scroll mainnet has generated the genesis block.

The Ethereum Layer 2 solution Scroll mainnet has generated its genesis block at 2:00 PM Beijing time today.

Unisat Wallet announced the brc20-swap mainnet launch plan and fee structure.

Unisat Wallet has confirmed the mainnet launch plan for brc20-swap and announced the related fees and incentive models. The announcement mentioned that starting from October 18th, UniSat plans to gradually distribute commemorative inscriptions called brc20-swap Prime Access to the community. On October 25th, the mainnet version of brc20-swap will be officially launched. In addition, brc20-swap will charge a 0.3% transaction fee, of which about 1/6 (0.05%) will belong to UniSat, and the remaining 5/6 (0.25%) will be distributed to all liquidity providers of the corresponding trading pairs. This fee structure is mainly based on the fee rate standards currently used by UniSwap.

Galxe: Users will receive full compensation for their losses, and the team will provide an additional 10% compensation

According to official sources, Web3 credential data network Galxe has released a recovery plan for the security incident on October 6th. The plan shows that any user who has suffered financial losses will receive full compensation in USDT on Polygon, with a value calculated as of 18:00 on October 9th Beijing time. If a user believes they have been affected but their wallet address is not on the list, or if they believe the value of their losses has been miscalculated, they can contact the support team before 1:00 on October 17th Beijing time. In addition, as a token of appreciation for users' trust, the team will provide an additional 10% compensation.

Chain data shows BIGTIME market maker may be Amber Group and FBG Capital

According to on-chain data analyst Yu Jin's monitoring, Amber Group and FBG Capital each received 60 million BIGTIME tokens in the past few days, and yesterday at 10 am after OKX opened for deposits, both institutions deposited 45 million BIGTIME tokens into OKX. Therefore, it is expected that both are market makers in the BIGTIME market.

Bitfinex owner iFinex plans to carry out a $150 million share buyback program.

According to Bloomberg, iFinex, the owner of the cryptocurrency exchange Bitfinex, plans to carry out a $150 million share buyback plan to better control the operations of the private company. iFinex has proposed to purchase 15 million shares of stock at a price of $10 per share in a letter to shareholders on September 22. The transaction represents 9% of iFinex's outstanding capital and will bring the company's valuation to $1.7 billion. At least one subsidiary will need to inject cash to implement the proposal.

Regulation

Binance's UK partner encounters FCA financial promotion restrictions

According to The Block, the Financial Conduct Authority (FCA) in the UK has imposed restrictions on Binance's financial promotion approval agency, Rebuilding Society. The FCA has required Rebuilding Society not to approve any financial promotions for unauthorized cryptocurrency service providers and has demanded that it withdraw all previously approved financial promotions by 5 pm on Wednesday. This action comes just days after Binance announced its partnership with Rebuilding Society to obtain financial promotion compliance in the UK. The FCA's new regime for cryptocurrency financial promotions came into effect on October 8th, which sets out rules for various forms of cryptocurrency advertising and those who violate it may face up to two years in prison and/or unlimited fines.

Former Alameda Research CEO Caroline Ellison appeared in public for the first time to testify in the SBF case.

According to Bloomberg, Caroline Ellison, former CEO of Alameda Research, made her first public appearance since the bankruptcy of Alameda and FTX a year ago, and testified in court before Sam Bankman-Fried's trial. Prosecutors said she was one of the few people in Bankman-Fried's inner circle who allegedly knew the truth behind the transfer of billions of dollars from FTX client funds to a sister trading company.

Former Alameda CEO: Take billions of dollars from FTX customers, SBF instructs him to commit these crimes

According to Bloomberg, former CEO of Alameda Research, Caroline Ellison, testified in the Sam Bankman-Fried case. Ellison told the jury that she and Bankman-Fried, along with others, deceived FTX's clients and investors as well as Alameda Research's lenders. Ellison stated that "Alameda took billions of dollars from FTX's clients and used it for their own investments" and to repay lenders. "We ultimately took about $1.4 billion, some of which we were able to repay," she testified. Ellison pointed to Bankman-Fried on the defense table and said, "He was initially the CEO of Alameda and the owner of Alameda, and he instructed me to commit these crimes." Ellison stated that these crimes were committed together with Sam.

Insider: Zhu Su's arrest was due to Teneo's report to the police on the liquidation of Three Arrows Capital

According to a report by Lianhe Zaobao, an anonymous source revealed that Teneo, the liquidation company of Three Arrows Capital, has been monitoring Zhu Su's whereabouts in Singapore and knew that he was hosting a gathering for cryptocurrency industry executives at a high-end house on Jalan Yaacob. On September 29th, Teneo reported to the police that Zhu Su might be in a car heading to Singapore Changi Airport from the house. Teneo will seek permission to visit Zhu Su in Changi Prison to obtain information related to Three Arrows Capital's assets. If Zhu Su refuses to meet, the liquidators may take further measures to enforce compliance.

Funding

Neutral has completed a $3.2 million financing round, led by North Island Ventures.

Neutral, a company dedicated to building market infrastructure for environmental assets such as carbon credits, renewable energy credits, and other environmental commodities, announced the completion of a $3.2 million financing round. The round was led by North Island Ventures, with participation from Redalpine, Digital Currency Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures, and Rarestone Capital. The company will use the funds to launch a regulated trading platform in Europe and plans to further expand into other regions in North America and Asia.

Web3 Foundation plans to invest 20 million Swiss francs and 5 million DOT to support Polkadot ecosystem projects.

The Web3 Foundation, the development organization behind Polkadot, has announced a new program aimed at supporting teams and individuals who want to make contributions to the success of Polkadot. The program will allocate 20 million Swiss francs and 5 million DOT tokens by 2024 to drive community-driven growth. More details about the launch date and how to apply for funding will be announced in the coming weeks.

Untangled Finance, a tokenized RWA platform, has completed a $13.5 million financing round and is now live on the Celo network.

According to Coindesk, tokenized RWA platform Untangled Finance has launched on the Celo network after receiving $13.5 million in venture capital funding on Wednesday. The main investor is asset management company Fasanara Capital, which has also opened two credit pools on the platform to handle off-chain business and loans. Untangled also announced plans to expand to the Ethereum and Polygon networks through Chainlink, making the platform a multi-chain and interoperable RWA credit protocol.

Data

Since February 2023, Ethereum whales have sold over 5 million ETH, worth about $8.5 billion.

Cryptocurrency analyst Ali stated on social media that since February 2023, Ethereum whales have sold or redistributed over 5 million ETH, worth approximately $8.5 billion, taking advantage of the price increase. It is worth noting that this selling trend is still continuing, and there is currently no sign of a shift towards accumulating ETH.

Santiment: USDT active address count reaches 3-month high, whale wallet accumulates over 140 million USDT in the past month

Santiment data shows that the on-chain activity of Tether (USDT) has increased, with the number of active addresses reaching a three-month high, mainly due to the increase in deposits on trading platforms. In addition, wallets holding 1 million to 10 million USDT have accumulated 141.8 million USDT since September 15th.

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