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Daily Legal Evening News | FTX's staking of SOL and ETH is estimated to yield an annual return of over 9 million US dollars; Grayscale's GBTC negative premium rate has narrowed to 15.88%.

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October 16th Cryptocurrency Industry Important News Overview, GN!

Selected News:

1. Meitu executive: The company is no longer focusing on or buying cryptocurrencies and may sell them at an appropriate time.

2. Cool Cats announced that they will release Cool Cats Avatars on October 19th.

3. Binance completed its 25th BNB burn, with a total value of approximately $453 million USD worth of BNB destroyed.

4. FTX's staking of SOL and ETH is estimated to yield an annual return of over 9 million US dollars.

5. The grayscale GBTC negative premium rate has narrowed to 15.88%.

6、Orbiter Finance 发图或暗示空投即将上线

6. Orbiter Finance has released images or hinted at an upcoming airdrop.

Project Updates

Regarding the statement "FTX developers can freely enable and disable Solana", the Solana Foundation has launched a bug bounty program.

The developer relations manager of the Solana Foundation, Jacob Creech, stated on his social media platform that "a reward of $400,000 is being offered to anyone who can find someone who can shut down the Solana code."

Previously, there were fake accounts impersonating KOL Inner City Press spreading rumors that former CEO of Alameda Research, Caroline Ellison, testified last week that FTX developers can freely "turn on and off" the Solana blockchain.

Cool Cats announced the launch of Cool Cats Avatars on October 19th.

NFT project Cool Cats announced on social media that they will launch Cool Cats Avatars on October 19th.

SlowMist Cosmos: Users of friend.tech should be cautious of private key leakage risks when using third-party bots

Founder of SlowMist, Yu Xian, posted on social media that through behavior analysis on the SlowMist chain (Base/ETH/BSC multiple networks), it was determined that the account private key of friend.tech user Pangchy was leaked. As for the leakage path, it can be referred to the investigation of the owner and cannot be determined for the time being. It was also mentioned that using third-party bots on Telegram is centralized, and once the private key is given out, the risk is hard to predict.

Binance has completed its 25th BNB burn, destroying approximately $453 million worth of BNB.

Binance has completed its 25th quarterly BNB burn, with a total of 2,139,182 BNB tokens burned, worth approximately $453 million.

钓鱼工具 FrenTechPro 已在 7 条链盗取约 21.4 万美元

Translation:

Phishing tool FrenTechPro has stolen about $214,000 in 7 chains

According to Paidu Shield's monitoring, the counterfeit Friend.tech tool FrenTechPro has stolen approximately $214,000 worth of cryptocurrency through phishing websites on 7 chains (Ethereum, BNBChain, Base, Polygon, Arbitrum, Optimism, Avalanche).

FTX Staking SOL and ETH Estimated Annualized Yield Exceeds $9 Million

The on-chain data shows that the FTX associated address has staked over 5.5 million SOL (approximately 122 million US dollars) and over 24,000 ETH (approximately 30 million US dollars).

Where SOL is staked through Figment with an estimated annual yield of 6.79% (equivalent to approximately $8 million); ETH is staked on the Ethereum mainnet with an expected annual yield of 3.4% (equivalent to approximately $1 million).

ZepetoX: ZTX airdrop completed and now officially launched

The ZepetoX metaverse project, built in collaboration between Naver's Zepeto and Jump Crypto, a Korean internet giant, has announced that the ZTX token airdrop has been completed and is now officially launched.

Meitu executive: the company is no longer focusing on buying cryptocurrencies and may sell at the appropriate time

According to the Hong Kong-based newspaper, Sing Tao Daily, Meitu's Senior Investor Relations Manager, Kang Yicong, stated that the company's return to profitability this year is largely due to its subscription model, which helps to avoid significant revenue fluctuations caused by macroeconomic changes. Meitu's AI business, which has been gaining popularity recently, is also expected to continue contributing to the company's profits and driving subscription growth. As for the market's interest in cryptocurrency investments, Kang revealed that the company is no longer focusing on or buying such assets and may sell them at an appropriate time. Meitu has not made any cryptocurrency purchases since 2021, when it was done for strategic reasons, and has not taken any action since then.

Orbiter Finance 发图或暗示空投即将上线

Translation:

Orbiter Finance posted a picture or hinted that the airdrop will be launched soon.

Layer2 cross Rollup bridge Orbiter Finance released a suspected "airdrop" image on social media, hinting that its airdrop may be launched soon. According to BlockBeats, this suspected event may also be related to the collective activity of Scroll and may be integrated into Scroll.