Daily Legal Evening News | Bankless co-founder clarifies that there is no relationship with BanklessDAO; USTC surges over 200% in 24 hours.
Top News:
1. USTC short-term breakthrough $0.055, up more than 200% in 24 hours;
2. Bankless plans to submit a governance proposal to clarify brand boundaries and destroy all BANK tokens.
3. The founder of Cosmos will fork "Cosmoshub4" and the new network will be named "AtomOne".
4. Bitcoin Ordinals' inscriptions have cooled down, and the daily trading volume on mainstream platforms is now less than $5 million.
5. Vitalik plans to redesign Ethereum's staking and praises the UTXO payment model.
Price Observation
Due to the launch of contracts on Binance, ONG surged and broke through $0.45.
The market data shows that ONG has risen above $0.45 due to the impact of Binance's contract launch, and is currently priced at $0.4512, with a growth rate of over 25% in the past hour.
Due to the impact of the Binance Labs investment announcement, the Open Campus token EDU has risen to touch 0.663 US dollars, and is currently priced at 0.645 US dollars, with a nearly 10% increase in the past hour.
ORDI dropped to $18.5, down more than 12% in 24 hours
According to market data, ORDI has dropped to $18.5 and is currently trading at $18.944, with a 24-hour decline of 12.27%.BTS, TORN and other tokens delisted by Binance experience flash crash in price
Following Binance's announcement of delisting tokens, the prices of the four related currencies experienced a flash crash, including:
BTS 24-hour decline reached 15.03%, currently trading at 0.00908 USD.PERL's 24-hour decline reached 16.05%, currently trading at 0.01480 USD;
TORN 24-hour decline reached 22.35%, currently trading at $2.724 USD;
WTC 24-hour decline reached 18.63%, currently trading at $0.1332 USD.
USTC short-term breakthrough $0.055, up more than 200% in 24 hoursAccording to market data, USTC experienced a short-term breakthrough of 0.055 USD before falling back, and is now priced at 0.05227 USD, with a 24-hour increase of 207.54%.
Transaction Tracking
A certain whale exchanged 1171 ETH for WHITE and became the largest holder of WHITE.
According to Spot On Chain, Whale 0x117 exchanged 1171 ETH (approximately $2.4 million) for 2900 WHITE, causing the latter's price to soar over 7 times. The whale is now the largest holder of WHITE. According to Coingecko, as of the time of writing, WHITE is currently trading at $2,119.84, with a 24-hour increase of 964.2%. According to its introduction, Whiteheart's (WHITE) hedging contract helps DeFi users protect the dollar value of their ETH and WBTC.3 whales deposited a total of 7.17 million BLUR into CEX in the past 24 hours.
According to Spot on Chain data monitoring, three whale addresses have deposited a total of 7.17 million BLUR into CEX in the past 24 hours. Among them: · Whale address 0x13d deposited 3.75 million BLUR to Binance and OKX at a price of $0.629 in the past 4 hours (approximately $2.36 million) · Whale address 0x397 (related to orz-allinornnothing.eth) deposited 1.67 million BLUR to Binance at a price of $0.629 about 6 hours ago (approximately $1.05 million) · Wintermute Trading deposited 1.75 million BLUR to OKX about 12 hours and 9 hours ago (approximately $1.1 million)Huang Licheng increased his holdings by 1.165 million BLUR again
According to on-chain data analyst Yu Jin, Ma Ji Big Brother Huang Licheng added another 1,165,011 BLUR tokens by spending 315 ETH (USD 650,000) 20 minutes ago. In the past few days, Huang Licheng has spent a total of USD 1.52 million to buy 2,728,997 BLUR tokens at an average price of USD 0.558 per token.Four dormant addresses transferred 403,000 SSV to other addresses 16 hours ago
According to the on-chain data analyst Yu Jin, four dormant addresses for nearly 6 years converted a total of 40.39 million CDT (old coins before the 1:100 merger) into 403,964 SSV (approximately $9.15 million) 16 hours ago and transferred them to other addresses.
DWF Labs co-founder Andrei Grachev commented on the current state of market makers (MM) and expressed his dissatisfaction with traditional market-making strategies. Grachev emphasized that there is no need to lend a large amount of coins to market makers for primary token trading, especially when many high-frequency trading (HFT) firms can operate without any market-making agreements with project parties. He believes that this "Nokia era" approach is becoming outdated. Grachev also mentioned that DWF Labs supports its investment portfolio company in the Korean market and can effectively handle complex situations in a compliant manner. He revealed DWF Labs' diversified business scope, including high-frequency trading, market-making, venture capital, over-the-counter trading desks, incubators, ecosystems, fundraising, event branding, total lock-up volume (TVL) providers, decentralized finance (DeFi) participants, advisors, listing agents, human resources, public relations/marketing, opinion leaders, and will launch a request for quote (RFQ) platform.
In addition, Grachev admits that he and DWF Labs are not perfect, but they strive for self-improvement every day, always following global anti-money laundering (AML)/know your customer (KYC) rules, applying for multiple licenses, and undergoing audits by one of the Big Four accounting firms. Despite competitors trying to discredit DWF Labs through media and fear, uncertainty, and doubt (FUD), Grachev remains confident and compares their willingness to compete with the "iPhone" rather than the complaining "Nokia." He states that despite knowing that there are those who oppose them in secret, DWF Labs is ready to fight and will continue to succeed in various fields as usual.
Data: Ethereum Foundation transfers 1000 ETH, worth about $2.04 million
According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, the Ethereum Foundation address (0xde0) transferred 1000 ETH (approximately $2.04 million) to the address 0x4e6.USTC 24-hour total trading volume is close to USD 890 million, surpassing its total market value
According to CoinGecko market data, the 24-hour trading volume of USTC has reached $889,370,887, exceeding its total market value of $537 million. Among them, the USTC trading volume on the Binance platform reached $574,433,301, accounting for 64.51% of the total trading volume.
USTC is now priced at 0.068396 USD, with a 24-hour increase of 300%.
USTC 24-hour total trading volume is close to USD 890 million, surpassing its total market value
According to CoinGecko market data, the 24-hour trading volume of USTC has reached $889,370,887, exceeding its total market value of $537 million. Among them, the USTC trading volume on the Binance platform reached $574,433,301, accounting for 64.51% of the total trading volume. USTC is currently priced at $0.068396, with a 24-hour increase of 300%.
Vitalik plans to redesign Ethereum's staking and praises the UTXO payment model
Ethereum co-founder Vitalik recently stated in a blog video with The Defiant during the Devconnect conference in Turkey that he plans to redesign Ethereum's staking and completely solve all issues affecting its performance. The Unspent Transaction Output (UTXO) payment system model was praised by Vitalik for its characteristics. Vitalik shared his views on integrating various new protocols into the Ethereum code blockchain. He specifically mentioned private mempools, account abstraction protocol ERC-4337, code precompilation, ZK-EVMs, and liquid staking.
In these protocols, he tends to integrate protocols like account abstraction protocol ERC-4337, while protocols like mempools require more caution. He stated that integrating any protocol involves balancing factors such as development flexibility, performance advantages, and centralization risks. Vitalik also expressed concerns about the increasing centralization in the proof-of-stake model of Ethereum's liquid staking. Staking providers Lido and Rocket Pool hold over 32% of the staking supply. He stated that although they have implemented security mechanisms, it may not be enough.
Financing Express
Binance Labs invests $3.15 million in Open CampusAccording to an official announcement, Binance Labs has invested $3.15 million in Open Campus. Open Campus is a community-driven Web3 education platform that tokenizes educational content by allowing content creators to monetize their published content. The investment aims to attract more new users to Web3 and attract more local users to participate in education by launching a new Publisher NFT, thereby enhancing the revenue potential of content creators and achieving shared income.
The digital asset management and tax compliance innovative enterprise Waltio announced the successful completion of a financing of 1.8 million euros. Participating investors include Clément Coeurdeuil, co-founder of Budget Insight, Joan Burkovic, co-founder of Bankin', well-known cryptocurrency expert Owen Simonin, Julien Bouteloup, founder of Stake Capital, and the French Agricultural Credit Bank Capital Development Company. Pierre Morizot, founder and CEO of Waltio, stated that the company is committed to becoming the preferred digital asset tax compliance and investment tracking software for European individual users. This financing will be used to promote software development, enhance tax compliance solutions, expand market coverage in Europe, and integrate artificial intelligence technology to improve the automatic collection and valuation of Web3 data. The company's goal is to reduce the complexity of cryptocurrency tax and enable more users to easily invest and manage digital assets while maintaining consistency with European regulatory requirements.
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