Legal Daily News | Uniswap has started collecting front-end transaction fees, with revenue reaching $15,000; Stars Arena's TVL reached $2.04 million after resuming trading.
Selected News:
1. Uniswap has started collecting frontend transaction fees, with current revenue of approximately $15,000.
2. Vitalik: Never "sold" ETH for personal gain since 2018;
3. Stars Arena TVL reached $2.04 million after the restart of trading.
4. Yuga Labs restructuring has been completed and will focus on building Otherside.
5. The grayscale GBTC discount rate has narrowed to 12.98%, and the GBTC secondary market price has risen more than 170% this year.
Project Updates
Sui Foundation responds to circulation controversy and refutes regulatory accusations
The Sui Foundation responded to the South Korean financial regulatory agency's questioning on social media, emphasizing that it has always been committed to working closely with the Korean Digital Asset Exchange Association (DAXA) and its members to maintain full compliance and transparency. The Foundation made it clear that no SUI tokens have been sold since the distribution of the Community Access Program (CAP). The Sui Foundation also emphasized that the token circulation and supply plan displayed on its public website and public API is accurate, and any transfer of tokens can be publicly viewed and verified on the blockchain.
Fantom Foundation confirms partial wallet attack and loss of approximately $550,000
The Fantom Foundation has officially confirmed that a few Fantom wallets were hacked, including approximately $550,000 of Fantom Foundation funds. Although initial reports suggested that the attack was carried out through a zero-day vulnerability in Google Chrome, the specific attack mechanism is still under active investigation.
Reddit shuts down blockchain-based community points service, related token value plummets
According to TechCrunch, Reddit has decided to terminate its blockchain-based community points service, which has been in operation for nearly three years. Tim Rathschmidt, Reddit's Director of Consumer and Product Communications, stated that "while we see some future opportunities for community points, the resources required to maintain the service are too high to justify its continuation. Additionally, regulatory challenges have made it increasingly difficult." Reddit will be discontinuing its community points on November 8th.
According to The Block, FTX has signed massive sponsorship deals with multiple major brands, as revealed in court documents presented during former FTX CEO Sam Bankman-Fried's criminal trial. Among them, Riot Games, the developer of "League of Legends," agreed to receive nearly $100 million in sponsorship over seven years, while the Tomorrowland music festival agreed to receive approximately $42 million in sponsorship by 2026. In addition, the Coachella music festival held annually in Southern California signed a $25 million deal with FTX.
X platform launches "Not A Bot" test, new users need to pay for interactive operations
X platform (formerly Twitter) has launched a new subscription method test called "Not A Bot" in New Zealand and the Philippines. The aim is to further reduce spam, platform manipulation, and bot activity. New users need to complete phone verification and choose a subscription plan. The subscription fee is 1 USD per year (prices vary by country and currency), and subscribed users can post, like, reply, retweet, and bookmark posts on the platform. New users who have not subscribed will only be able to perform "read-only" operations, such as reading posts, watching videos, and following accounts.
Due to the current situation in Israel and the Gaza Strip, the ENS Labs team has decided to postpone the frENSday 2023 conference after extensive communication with major stakeholders.
The decentralized cross-chain trading protocol THORChain announced that its token RUNE has been fully allocated to the protocol and reserves. The Treasury holds only 7 million (2% in circulation) for ecosystem funding. All tokens for OG seed/team/investors were unlocked months ago, and all participating investors have exited.
Friend.tech reported today that the application experienced performance issues due to a denial of service attack on its chat server. Currently, the application has resumed normal operation.
Vitalik: Never "sold" ETH for personal gain since 2018
Vitalik stated on social media: "If you see an article saying 'Vitalik sent XXX ETH to a trading platform', it's not actually me selling, but almost always me donating to some charity, non-profit organization, or other project, and the recipient is selling because they need to pay expenses. Since 2018, I haven't 'sold' ETH for personal gain."
Uniswap has started collecting front-end transaction fees, with current revenue of about $15,000
According to Dune data, Uniswap has started charging front-end transaction fees and has currently generated approximately $15,000 in revenue.
Binance will support Kadena (KDA) network upgrade and hard fork
According to the official announcement, Binance will support the Kadena (KDA) network upgrade and hard fork. Kadena will undergo network upgrade and hard fork at block height 4,177,889 (expected to be 08:00 on October 20, 2023, Eastern Time); Binance is expected to suspend token deposits and withdrawals for the above network at 07:00 on October 19, 2023, Eastern Time. Users can still trade the supported tokens on the above network normally.
Binance will launch STPT and WAXP 1-50x U perpetual contracts
Binance will delist trading pairs such as ADX/BUSD and AMP/BUSD.
In order to better protect users and maintain a high-quality trading market, Binance will conduct regular reviews of all listed spot trading pairs and may delist some spot trading pairs due to factors such as poor liquidity and trading volume.
According to recent audit results, Binance will remove the following spot trading pairs and cease trading:
October 20, 2023 13:00 (GMT+8): ADX/BUSD, AMP/BUSD, AR/BUSD, BADGER/BUSD, BURGER/BUSD, CELR/BUSD, CHESS/BUSD, COTI/BUSD, DEXE/BUSD, ELF/BUSD, ENJ/EUR, EOS/BNB, HARD/BUSD, IDEX/BNB, ILV/BUSD
October 20, 2023 15:00 (GMT+8): IOTA/BUSD, JOE/BUSD, KNC/BUSD, MBOX/BUSD, MINA/BUSD, MOVR/BUSD, QI/BUSD, QNT/BUSD, SNX/BUSD, SYS/BUSD, THETA/BNB, TKO/BUSD, VOXEL/BUSD, ZEC/BUSD.
HashKey Exchange will launch the USDT/HKD trading pair and trading will commence at 14:00 on October 24th.
The European Central Bank (ECB) temporary document (OP) proposal suggests that if DAOs want to have a place in the future of the financial industry, they need a comprehensive regulatory framework. The document emphasizes how technology can surpass regulatory issues related to DAOs and negatively impact the security and sustainable growth of the ecosystem.
RSS3 will co-host the official Web3 Night of the 2023 Hong Kong Fintech Week with Zhongan Bank
The open internet project RSS3 announced that it will co-host the official Web3 Night of the 2023 Hong Kong Fintech Week with Zhongan Virtual Bank in Hong Kong. The event will be held at the Grand Hyatt Hotel in Hong Kong on November 2nd.
Binance will terminate redemption services and delist ADAUP and ADADOWN leveraged tokens
Binance will terminate redemption services and delist ADAUP and ADADOWN leveraged tokens on November 1st at 14:00.
If users still hold the above leveraged tokens when they are delisted, Binance will exchange them for an equivalent amount of USDT based on the net asset value (NAV) at the time of delisting, and distribute the USDT to users' accounts within 24 hours. After the distribution is completed, the leveraged token assets of ADAUP and ADADOWN will be removed from the wallet.
Everscale: EVER token stolen due to fraudulent activity, network not attacked
Layer 2 network Everscale announced that the theft of EVER tokens was caused by fraudulent activity, not a hack. The stolen tokens were ERC20 EVER tokens, not the original form of the token.
Decentralized storage network Lambda has reached a strategic partnership with Conflux to jointly explore the innovation and commercial application scenarios of NFT and distributed storage technology. They will soon deploy the LWS decentralized storage service on the Conflux network.
Regulation
South Korean regulatory authorities will investigate Sui to determine if it is a scam
According to Coingraph, Lee Buh-woon, the head of the Financial Supervisory Service of South Korea, recently stated that an investigation will be conducted on Sui to determine whether it is a scam.
Fidelity has updated its Bitcoin spot ETF application based on SEC comments
The EU officially passes new regulations on sharing encrypted tax data.
According to CoinDesk, the EU has officially passed new cryptocurrency tax data sharing rules, requiring crypto companies to report customer holdings for tax authorities to share. This regulation is called "Administrative Cooperation Directive 8" (DAC8) and covers stablecoins, NFTs, DeFi tokens, and crypto mining profits. The rules aim to prevent the hiding of assets overseas through cryptocurrencies and strengthen tax cooperation among EU member states.Fed's Harker: Fed should extend pause on rate hikes
Funding
· The address starting with 0xC13A received 134 million ORBS (7 million USD) from Orbs team and founding partners' wallets, and deposited 61.8 million ORBS (3.2 million USD) into OKX.
· 0x33B5 received 94.3 million ORBS (USD 4.9 million) from Orbs' long-term reserve wallet and deposited 20 million ORBS (USD 1.04 million) into OKX.
Currently, these two wallets still hold 153.4 million ORBS (8 million USD) and have been transferred to three wallets. Keep an eye on these three wallets as they may continue to sell ORBS.
Spartan Group affiliated address deposits 194,200 UNI to Binance, worth approximately $788,700
friend.tech "Keys" price ranking: Crypto KOL Vombatus ranks first with 8.327 ETH
friend.tech "Keys" price ranking list latest data shows:
· Cryptocurrency KOL Vombatus ranks first with 8.327 ETH;
· Cryptocurrency KOL Levi ranks third with 4.727 ETH;
· Crypto KOL Herro ranks fifth with 3.875 ETH.
TON short-term breakthrough $2.16, 24-hour increase of 10.74%
Stars Arena resumes trading with TVL reaching $2.04 millionAccording to on-chain data, Stars Arena currently has a TVL of $2.04 million after resuming trading.
Bitcoin's market share has risen to a new high since April 2021, currently reported at 49.31%.
According to CoinGecko data, Bitcoin's market dominance has risen to a new high since April 2021, currently at 49.31%; Ethereum's market dominance is currently at 16.72%; USDT's market dominance is currently at 7.43%.The current total market value of cryptocurrencies on the entire network is approximately 11.298 trillion US dollars, with a daily increase of 0.7%.
Report: Coinbase Q3 trading volume falls short of expectations, down about 17% QoQ and 52% YoY
Investment bank Berenberg said in a research report on Tuesday that due to the continued bear market in the cryptocurrency industry, Coinbase's trading volume in the United States in the third quarter appears to be lower than expected.
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