Daily Legal News: Bitcoin falls below $37,000; Polygon's Inscription project POLS completes all minting.
Top News:
1. Bitcoin falls below $37,000;
2. The Polygon Inscription Project (POLS) has completed all casting.
3. Tether plans to invest $500 million in Bitcoin mining over the next 6 months.
4. Bitcoin Ordinals project Taproot Wizards completes $7.5 million financing, led by Standard Crypto;
5. Web3 Foundation launches Polkadot ecosystem project funding program, planning to allocate 20 million US dollars and 5 million DOT tokens.
Price Observation
On November 16th, according to OKX market data, Bitcoin fell below $37,000.
Ethereum falls below $2,000 in the short term, with a 24-hour decline of 0.48%
On the evening of November 16th, around 23:00, according to OKX market data, Ethereum briefly fell below $2000, with a 24-hour decline of 0.48%.
KAS breaks through $0.13, up nearly 25% in 24 hours
On the evening of November 16th at around 21:00, according to Bitget market data, Kaspa (KAS) broke through $0.13, with a 24-hour increase of 24.94%.
AXL breaks through $0.499, up more than 10% in 24 hours
On November 17th at around 8 o'clock, according to Bitget market data, Axelar (AXL) broke through $0.499, with a 24-hour increase of 10.48%.
Polygon Network Gas surged to over 2900 gwei and fell back to 360gwei after 5 hours
On the evening of November 16th, according to Polygonscan data, the gas fee on the Polygon network surged to 2900.4 gwei, and then fell back to 360 gwei around midnight on November 17th.
Transaction Tracking
On November 16th, according to The Data Nerd's monitoring, one hour ago, the whale address 0x400 deposited 449,600 AVAX (valued at approximately $10.61 million) to Binance at an average price of $23.5.
The whale previously extracted 534,000 AVAX at an average price of $14.2 in June 2023 (worth approximately $7.64 million). Currently, the remaining position is 85,000 AVAX (worth approximately $1.95 million), with an unrealized profit of $782,000.
A whale deposits 2 million WLD, worth about $4.66 million, into Binance
On November 16th, according to Lookonchain monitoring, one hour ago, a whale address (0xd918877f9fb3775a675f40f2ca5b9a2bb53da662) deposited 2 million WLD tokens worth approximately $4.66 million into Binance. If sold, it would realize a profit of approximately $1.76 million.
According to blockchain data, the whale account withdrew 6 million WLD tokens from Binance and OKX at an average price of $1.45 on October 19th. The account currently holds 4 million WLD tokens, worth approximately $9.3 million, with an unrealized profit of $3.5 million.
A certain whale will unstake over 500,000 SOL and deposit most of it into a CEX.
On November 16th, according to Lookonchain's monitoring, a whale released 505,034 SOL tokens from staking (worth approximately $31.7 million) and deposited most of them into Binance and Kraken. The whale still has 2.9 million SOL tokens staked, worth approximately $184 million.Project Updates
Aave Companies rebrands as Avara, acquires Ethereum wallet Family
On November 17th, Aave Companies announced a rebranding as Avara, which is the parent company entity of Aave, Lens, GHO, and Sonar.In addition, Avara has acquired Los Feliz Engineering, the parent company of the Ethereum wallet Family (which built the ConnectKit developer library). Benji Taylor, the founder of Family, will join Avara as Senior Vice President of Product and Design. The entire Los Feliz engineering team will also join Avara.
Fhenix has released the white paper for fully homomorphic encryption Rollups "FHE-Rollups".
On November 17th, Fhenix, the first blockchain powered by Fully Homomorphic Encryption (FHE), announced the release of the FHE-Rollups whitepaper. FHE-Rollups is a more scalable technology for executing arbitrary confidential smart contracts, designed using the Optimistic Rollup method.According to previous reports, on September 26th, Fhenix 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 test network for the Fhenix network early next year and support the development of ecosystem applications.
Sushi will be integrated into ZetaChain, providing native BTC support
On November 17th, Sushi announced that it will integrate with the cross-chain interoperable Layer 1 network ZetaChain, providing native BTC support and allowing Sushi users to exchange native BTC among 30 networks.Sushi will soon release a DEX on the ZetaChain testnet for basic doctrine and liquidity configuration. Once the ZetaChain mainnet is launched, Sushi will become one of the main launch partners.
CeFi Information
Binance will launch KAS 1-50x U perpetual contract
On November 16th, according to an official announcement, Binance will launch KAS 1-50x U perpetual contract on November 17th at 10:00 (GMT+8).
OKX will launch Pyth Network (PYTH)
On November 16th, OKX announced that it will list Pyth Network (PYTH), with deposits opening at 22:00 (UTC+8) on the same day. The spot trading time will be announced separately.Earlier, it was announced by Pyth Network, a decentralized oracle, that they will launch a traceable airdrop plan for the PATH token. Members of the Pyth Network community who have contributed to the oracle network, over 200 DApps on 27 blockchains that have used Pyth data, and individual users of these DApps are all eligible to participate in this airdrop plan. The total number of eligible wallets that meet the requirements exceeds 75,000.
Coinbase has launched a new open-source on-chain payment protocol on Ethereum, Polygon, and Base.
On November 17th, according to The Block, Coinbase has developed an open-source on-chain payment protocol to improve its business products. The protocol currently supports the Ethereum, Polygon, and Base blockchain ecosystems.
Coinbase announced a major update to its Coinbase Commerce product, which is now built on top of our new open-source payment protocol. This protocol provides instant settlement, low fees, and broad asset support to improve the payment experience for merchants and their customers.
The pledge will start at UTC time 15:00 on November 18, 2023, and must be completed before UTC time 11:59 on November 19, 2023 to be eligible for the airdrop. Eligible users, including Mad Lad holders and users who engage in trading activities on Backpack Exchange, will receive PYTH tokens based on their trading volume until the maximum allocation is reached. All other eligible and verified users also have the opportunity to receive PYTH token allocations, which will be distributed before UTC time 14:00 on November 20, 2023.
Bitget will list BRC-20 token RATS and trading will be available at 23:00
On November 16th, Bitget announced the upcoming launch of the BRC-20 token RATS. The RATS/USDT trading pair is now available and the deposit channel has also been opened.Binance senior anti-terrorism officer Jennifer Hicks has resigned.
On November 17th, Jennifer Hicks, a senior anti-terrorism officer at Binance, resigned from the company. Hicks joined Binance in December 2021 and held various positions including Senior Manager of Intelligence and Investigation, Senior Investigator of Sanctions and Terrorism Financing Risk, and Senior Anti-Terrorism Officer. Prior to joining Binance, Hicks worked as a Senior Cybercrime Investigator at Chainalysis.Financing Express
Bitcoin Ordinals project Taproot Wizards completes $7.5 million financing, led by Standard Crypto
On November 16th, according to TechCrunch, Taproot Wizards, a project focused on Bitcoin under Ordinals, announced the completion of a $7.5 million financing round. The round was led by Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital.Taproot Wizards aims to revive the culture of building and innovating on Bitcoin. The project has a limited edition of 2121 Wizard NFTs, which symbolizes the total supply of Bitcoin at 21 million. Currently, less than 1% of Taproot Wizards Ordinals have been minted. Co-founder of Taproot Wizards, Udi Wertheimer, stated that they do not publicly release the pace of minting to avoid hype quickly fading away. Instead, they hope to find people who are truly committed to the mission, rather than just those who are interested in JPEG images.
The Montenegrin court rejected the appeal of Do Kwon's false passport case
On November 16th, the Higher Court of Montenegro rejected Terra founder Do Kwon's appeal against his four-month imprisonment for forging official documents, citing "no basis." After serving his sentence, he will face extradition. According to previous reports, on June 19th, Do Kwon, co-founder of Terraform Labs, was convicted of passport forgery in Montenegro and sentenced to four months in prison.According to an anonymous source provided by Cointelegraph, Davies was photographed with an unknown woman at Milk and Madu cafe in Canggu, Bali on November 8th. Another source confirmed that the co-founder of 3AC does indeed reside in this Indonesian province, with news involving Singapore's bankruptcy proceedings. It is reported that Davies was wearing a pink shirt and sunglasses in the photo, and attempted to conceal his identity at one point.
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