Partnered With:

Daily Legal Evening News | Binance officially launches Binance Web3 wallet; BRC-20 token sats24-hour trading volume exceeds 246 bitcoins.

律动BlockBeats

Read this article in 37 Minutes

Important Cryptocurrency Industry News Summary for November 8th, GN!

Selected News:

1. Binance officially launches Binance Web3 wallet;

2. BRC-20 token sats 24-hour trading volume exceeds 246 bitcoins;

3. Sui Network TVL breaks $100 million, reaching a new historical high;

4. Data: Ordinals Inscription cumulative revenue exceeded 78 million US dollars;

5. BitVM Developer: BitVM has just announced the first mainnet transaction of Blake3 hash lock implemented in Bitcoin script.

Price Observation

1INCH has broken through $0.4, with a 24-hour increase of 19.22%.

On November 8th, according to OKX market data, 1INCH broke through $0.4 and is currently priced at $0.4118, with a 24-hour increase of 19.22%.

Bitcoin Ecology

Binance has relisted Ordinals (ORDI) cryptocurrency information.

On November 8th, according to the official website, Binance has relisted information on the Ordinals (ORDI) cryptocurrency, including market capitalization, ranking, circulating supply, and historical high price. The introduction of the currency states that ORDI is the first token created using the BRC-20 replaceable token standard on the Bitcoin blockchain.

Data: Ordinals Inscription cumulative revenue exceeds 78 million US dollars

On November 8th, according to the latest data from Dune, the cumulative fee income generated by the Bitcoin NFT protocol Ordinals' inscription casting has reached 2230.3 BTC, equivalent to approximately 78,657,700 US dollars. The total number of inscriptions cast currently stands at 38,384,527.

Bitcoin Frogs floor price rises to 0.0749 BTC, with a 24-hour increase of 70.22%On November 8th, according to Magic Eden market data, the floor price of Bitcoin ecosystem NFT Bitcoin Frogs rose to 0.0749 BTC (approximately $2,646), with a 24-hour increase of 70.22%. Bitcoin Frogs are digital collectibles minted directly on the Bitcoin blockchain, with a total supply of 10,000.

CEX monitoring bot data shows that KuCoin platform API has added a new currency SATS (sats)

On November 8th, according to multiple CEX monitoring bot data, KuCoin platform interface API added a new currency SATS (sats) at 15:42:05 today, which may support sats trading.

OKX Platform API interface adds sats as false news

On November 8th, BlockBeats confirmed with OKX officials that the addition of "sats" to the OKX platform's API interface is false information. Users should refer to official announcements for accurate information.

UniSat Wallet: UniSat points exceeding 1000 can now access brc20-swap

On November 8th, UniSat Wallet announced on social media that brc20-swap can now be accessed through unisat.io/swap. Additionally, the withdrawal function of brc20-swap has been enabled.

BRC-20 token sats 24-hour trading volume exceeds 246 bitcoins

On November 8th, according to market data, the 24-hour trading volume of BRC-20 token sats reached 246.4 bitcoins, with OKX Web3 Wallet accounting for 204.2 bitcoins and UniSat Wallet accounting for 42.2 bitcoins.

Chamcha has opened CHAX airdrop token application to BRC-20 token sats holders

On November 8th, Chamcha, the first programmable Ordinals asset liquidity developer in the Web3 industry, officially announced that CHAX airdrop token application is now open to BRC-20 token sats holders.

BRC-20 token btjs engraving application has been fully submitted, 65.57% engraving completedOn November 8th, according to UniSat data, the BRC-20 token btjs engraving application has been fully submitted, of which 65.57% has been completed within the last hour, and the remaining 34.43% has submitted the application and is waiting for confirmation of completion. BlockBeats note: The minting cost of BRC-20 tokens is relatively low, and the vast majority of tokens themselves have no use cases, so users should be aware of the risks.

BitVM developer: BitVM has just broadcasted the first mainnet transaction of Blake3 hash lock implemented in Bitcoin script

On November 8th, Robin Linus, the project leader of ZeroSync and developer of BitVM, announced on social media that the first mainnet transaction implementing the Blake3 hash lock in Bitcoin Script has just been broadcasted. Previously reported by BlockBeats, Robin Linus published a white paper titled "BitVM: Compute Anything On Bitcoin", where BitVM, short for "Bitcoin Virtual Machine", proposed a Bitcoin contract solution that can achieve Turing completeness without changing the consensus of the Bitcoin network.

On November 8th, Illia Polosukhin, the new CEO of NEAR Foundation and co-founder of Near Protocol, responded to rumors that NEAR Foundation refused to fulfill its promise to redeem 11.2 million USN related to FTX. He stated that after USN was under-collateralized in late October 2022, the USN Protection Plan (USNPP) was established to protect affected individuals, which is operated by Aurora Borealis Ltd. (ABL).

In August 2023, after nearly a year since the launch of USNPP, Wintermute acquired 11.2 million USN from the bankrupt Alameda estate and requested to exchange them for USDT. Wintermute's redemption request was inconsistent with the protection of individuals affected in the NEAR ecosystem. Wintermute's purchase of USN from Alameda also raised significant concerns about KYC/AML, as the source of USN was suspicious and may be related to illegal activities and/or may be subject to future litigation or court orders. ABL exercised its discretion under the USNPP terms of use and rejected Wintermute's redemption request.

Polosukhin said that Wintermute is trying to take advantage of the USN spread provided by the Alameda estate through last-minute arbitrage using USNPP. The goal of USNPP is to ensure that individuals actively participating in the NEAR ecosystem receive full compensation and continue to participate. As a seasoned market maker and investor, Wintermute's desire to end arbitrage by purchasing bad assets is inconsistent with the goals of USNPP, so ABL rejected Wintermute's request.

"The Simpsons" themed NFT series Springfield Punks hints at the release of DONUTs tokens

On November 8th, Rino Russo, the creator of the Springfield Punks NFT series with a "Simpsons" theme, announced on social media that "I have built a reputation as a top artist through years of hard work. One of my series sold 1500 ETH in one day. It's time to innovate further, and more details about DONUTs will be released soon." As of the time of writing, according to Blur market data, the floor price of the NFT project Springfield Punks is currently at 0.033 ETH.

ZetaChain mainnet is about to go live, and the first Chinese-language AMA will be held at 21:00 on November 9th.

On November 8th, according to official sources, ZetaChain will hold its first Chinese-language AMA on Twitter Space at 9:00 PM Beijing time on November 9th. The theme of this event is "ZetaChain Mainnet Launch is Coming, Science Popularization VOL.1". Guests including Jessie, Global Growth Manager of ZetaChain, Nicole Zhang, Partner of Lingfeng Fund, Kookoo, former Technical Director of Bybit, Vincent Niu, Partner of Sky9 Capital, Jimmy, Co-founder of Ultiverse, and Carter, BD Manager of OKX, will be invited to share and exchange ideas. In addition, the live chat group for this Space event has been opened, and participants who join and ask questions during the event will have the chance to win red envelope rewards from ZetaChain.

Ripple partners with African fintech company Onafriq to focus on cross-border cryptocurrency payments

On November 8th, according to The Block, Ripple announced during its flagship event in Dubai that Ripple Payments aims to attract a new type of US enterprise customer through its cross-border payment solution. At the same time, Ripple also announced a partnership with African fintech company MFS Africa (recently renamed Onafriq), which will focus on facilitating cross-border crypto payments between Africa and other markets including the UK and Australia.

NFT project "Little Ghost" has officially launched the NFT fractionalization protocol Flooring Protocol.

On November 8th, the NFT project Weirdo Ghost Gang "小幽灵" officially launched the NFT fractionalization protocol Flooring Protocol. Holders of this series of NFTs will enjoy the corresponding rights and benefits such as trading NFT fragments, staking NFTs in Vault or SafeBoxes to obtain μGhost and platform token FLC incentives, unlocking VIP privileges, etc.

Additionally, Flooring Protocol founder FreeLunchCapital posted on social media that they have purchased Weirdo Ghost Gang's Lil Ghost#2305 and Lil Ghost#3283 1/1 works of art for a price of 14 ETH.

It is reported that previously, according to official data on October 15th, the Flooring Protocol liquidity pool TVL had exceeded 6 million US dollars.

Kyber Network co-founder Loi Luu will launch Web3 venture capital firm Calibre

On November 8th, according to Techinasia, Loi Luu, co-founder of Kyber Network, is launching a Web3 venture capital firm called Calibre, with the aim of creating encrypted consumer applications and infrastructure. It is reported that Loi Luu resigned as CEO of Kyber Network in January 2022 and subsequently became chairman of Kyber Group. Kyber Group also owns the Web3 wallet Krystal and investment department Kyber Ventures.

Sui Network TVL breaks $100 million, reaching a new historical high

On November 8th, according to DefiLlama data, Sui Network's Total Value Locked (TVL) exceeded $100 million, currently at $101 million, reaching a new historical high. It has increased by 154% compared to the previous period and has grown by 534% in the past three months. In addition, the top three protocols in terms of TVL on the Sui Network are Cetus ($32.64 million), Scallop Lend ($18.07 million), and NAVI Protocol ($13.27 million).

Bloomberg: HSBC to partner with Metaco to provide digital asset custody services, expected to launch in 2024

On November 8th, according to Bloomberg, HSBC announced in a statement on Wednesday that it will collaborate with Metaco, a technology company under Ripple Labs Inc., to provide digital asset custody services to support security tokenization. The service is expected to be launched in 2024. BlockBeats previously reported that on May 17th, Ripple spent $250 million to acquire Metaco, a cryptocurrency custody company based in Switzerland. This acquisition will enable Ripple to expand its products by integrating its technology into the custody, issuance, and settlement of tokenized assets.

Bitget announced an educational partnership with University College London (UCL) to jointly cultivate emerging talents.

On November 8th, Bitget announced an educational partnership with the Blockchain Society and Fintech Society at University College London (UCL). This collaboration is part of the Bitget Blockchain4Youth program, which will provide courses that go beyond traditional theoretical teaching. The courses will cover practical knowledge in blockchain and trading, and will include expert lectures and interactive sessions. Students who complete the courses will receive a certificate issued by Blockchain4Youth.

The University College London (UCL) is located in London and ranks in the top ten in the QS World University Rankings. It is committed to promoting the development of technology and applications. Its partnership with Bitget College will enhance its educational capabilities and ensure that students are able to effectively respond to the challenges and opportunities of blockchain and fintech.

Kucoin BurningDrop will launch Atem Network token ATEM on November 9th.

On November 8th, according to official sources, Kucoin BurningDrop announced that Atem Network's token ATEM will be listed on November 9th. Users can obtain ATEM token rewards by staking KCS starting from 10:00 (UTC) on November 9th, with a total cycle of 20 days.

BlockBeats previously reported that on February 23, 2022, Web3 social protocol Atem Network announced the completion of a $3 million seed round of financing, led by INCE Capital, with participation from Mirana Ventures, Foresight Ventures, Mask Network, A&T Capital, GSRV, Atlas Capital, Zonff Partners, and Zhang Liang, co-founder of Zhihu.

CeFi Information

Lido DAO community initiates proposal to take over ownership of wstETH bridging component on zkSync

On November 8th, according to the Snapshot governance page, the Lido DAO community initiated a proposal to "take over ownership of the wstETH bridging component on zkSync", with voting ending on November 15th. If the vote is successful, the management of the wstETH bridging component will be executed by Lido DAO.

Binance has completed the Enjin Coin (ENJ) mainnet swap.

On November 8th, according to an official announcement, Binance has completed the Enjin Coin (ENJ) mainnet swap and opened up deposit and withdrawal services for ENJ mainnet tokens.

Binance will launch STEEM 1-50x U perpetual contract

On November 8th, Binance, a cryptocurrency trading platform, announced the official launch of Binance Web3 wallet at the "Binance Blockchain Week" in Istanbul. The wallet aims to meet the needs of a simple, convenient, and secure experience in the Web3 world. Binance Web3 wallet is a self-hosted cryptocurrency wallet built into the Binance app. With the launch of the Web3 wallet, users can easily cross thousands of tokens across multiple networks at the best prices through a secure and simplified process, explore various DApps, transfer funds quickly between the trading platform and wallet, and earn profits using cryptocurrencies, all within a single reliable wallet. Binance founder and CEO CZ said, "Binance Web3 wallet lowers the entry barrier for users to achieve complete self-hosted asset management and is an important and convenient bridge to DeFi empowerment. Our top priority is to ensure that users can explore Web3 with us in a convenient and protected environment."

Trust Wallet CEO: The collaboration with Binance to launch a Web3 wallet aims to simplify user on-chain operations and increase blockchain adoption.

On November 8th, Eowyn Chen, CEO of Trust Wallet, stated at the "Binance Blockchain Week" in Istanbul that "usually 90% of people trade on centralized exchanges, but for the remaining 10% of brave individuals, they will try to figure out what an on-chain wallet is. They need to research the content on the on-chain wallet they want to use, remember the mnemonic phrase and private key, and keep a backup."

I haven't counted how many steps these processes require, but it takes at least 10-20 steps. That's why we are partnering with Binance to launch the Binance Web3 wallet. We hope to bring a true blockchain on-chain experience to users on centralized trading platforms.

Trust is collaborating with Binance to help users participate in practice. We can now easily create an on-chain wallet. We hope to increase adoption of blockchain technology, allowing users to enjoy both centralized platform trading and true on-chain experiences.

OKX Exclusive Launches Signal Square, Massive High-Quality Signals Available for Flexible Selection

Additionally, Binance will launch trading bot services for the following trading pairs on November 09, 2023 at 16:00 (GMT+8):

Spot Grid, Spot DCA (Dollar Cost Averaging), Intelligent Positioning: ORDI/USDT, TIA/USDT.

Financing Express

This round of financing will be used to expand the team and continue developing the protocol. Citadel is currently an Ethereum-based GameFi platform, aiming to establish a vibrant and persistent world created by and for players on an open-source modular core platform.

On November 8th, according to Chainwire, Dora Ventures announced that its Appchain-themed venture capital fund, Dora Ventures[2], has completed fundraising. The specific amount has not been disclosed, and the fund will invest its capital in leading Appchain and related infrastructure. Dora Ventures[2] is the first Dora Venture fund to include external limited partners (LP).

Authentick has completed a $4 million seed round of financing, with Menyala, a subsidiary of Temasek, leading the investment.

On November 8th, according to Techinasia, NFT authentication company Authentick announced the completion of a $4 million seed round of financing, led by Menyala, a venture capital platform under Temasek, which will help Authentick expand its user base and product range.

Authentick is a platform that allows users to purchase digital collectibles or NFTs and verify their authenticity, with the aim of making it easier for users to acquire digital collectibles without the need for a Web3 wallet or access to a trading platform.

Blue Harbour Interactive Group will launch a $15 million Bitcoin network ecological investment management fund BTC NEXT

On November 8th, Blueport Interactive Group, a Hong Kong-listed company, will launch a $15 million Bitcoin network ecological investment management fund called BTC NEXT. According to Element co-founder and Blueport Interactive founder Wang Feng, BTC NEXT is actually a seed fund that will be used entirely to participate in emerging encrypted assets in the Bitcoin network ecology, including but not limited to various types of asset issuance protocols, trading markets, expansion, virtual machines, NFTs, RWAs, and GameFi games.

Blueport Interactive will further embrace Web3 and highlight the participation of Hong Kong-listed companies in brand empowerment in the Web3 field, actively recommending innovative value emerging from the Bitcoin network ecology to the Hong Kong capital market. This year, Blueport Interactive has successively launched the Web3 investment research brand LK Venture and the Web3 one-stop game platform NAGA. BTC NEXT will participate in the research and investment of Bitcoin network ecological assets as early as possible, regularly publish encrypted investment portfolios, and update the list of Bitcoin ecological encrypted assets participating in investment.

Regulatory News

Crypto bank SEBA receives crypto-related service license from Hong Kong Securities and Futures Commission

On November 8th, according to The Block, Swiss crypto bank SEBA Bank has been granted a license by the Hong Kong Securities and Futures Commission, allowing its subsidiary to operate crypto-related services in Hong Kong. SEBA stated in a declaration today that the license permits SEBA Hong Kong to trade and distribute all securities, including virtual asset-related products such as OTC derivatives and structured products based on virtual assets. The bank is also allowed to provide advice on securities and virtual assets, and manage assets for fully delegated accounts of traditional securities and virtual assets.

The deadline for licensing or registration applications for Dubai's virtual asset service providers has been extended to November 17th.

On November 8th, according to an official announcement, the Dubai Virtual Asset Regulatory Authority (VARA) announced that the final deadline for applying for a virtual asset service provider (VASP) license or registration has been extended to November 17th. Currently, more than 1,000 traditional companies have submitted registration applications under the Dubai regulatory framework.

Viewpoint Data

On November 8th, according to the CFTC's trader commitment report, the open interest of CME's standard BTC futures (also known as large futures) increased by 35% to 19,603 contracts (3.4 billion USD) within four weeks.

Bitcoin volatility index fell to 57.82 yesterday, a daily decline of 9.84%.

On November 8th, the BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, fell to 57.82, a daily decline of 9.84%.

BlockBeats Note: BitVol Index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is calculated using the B-S option pricing formula, which uses the actual option price and other parameters except for the volatility σ to calculate the volatility.

The actual price of options is formed by numerous option traders competing, therefore, implied volatility represents the market participants' views and expectations of the future market, and is therefore considered the closest to the actual volatility at that time.

Bankless Co-founder: MATIC should definitely be a top ten cryptocurrency by market capitalization

On November 8th, Eowyn Chen, CEO of Trust Wallet, stated at the "Binance Blockchain Week" in Istanbul that since the launch of Bitcoin, the entire industry and user base have been exploring the potential ideology of technology. If we talk about the next billion-scale users, it will be 1/7 of the world's population, and its potential is enormous.

BlockBeats previously reported that on November 8th, the Binance Web3 wallet displayed the message "Binance Web3 wallet is supported by Trust Wallet" upon entering the interface.

In addition, BNB Chain has all the tools and infrastructure that have made significant progress in building a super secure and super fast infrastructure layer. With the official launch of the opBNB mainnet, the network's resilience and decentralization can be enhanced through Proof Enhancement, account abstraction, and BNB Greenfield data availability.