Daily Legal News: Ethereum Foundation updates Goerli testnet to support dynamic features; Binance launches pilot project for tri-party agreements targeting institutional investors.
Selected News:
1. The Ethereum Foundation has released an update stating that the Goerli test network now supports dynamic capabilities.
2. Binance launches a pilot project for tripartite agreements with banks targeting institutional investors;
3. Blast: Due to official bridge slip point configuration issues, a user "received" 100,000 DAI less than expected. Compensation will be provided to the user.
4. Port3 Network appears to have deployed its token PORT3.
5. KyberSwap attacker proposed settlement terms, demanding control of the company and all assets.
Transaction Tracking
Data: DWF Labs transfers 20 million OLE, worth $280,000
On November 30th, according to ai_9684xtpa monitoring, DWF Labs just transferred 20 million OLE tokens worth $280,000 to address 0xCE8...86B9d.
This fund comes from the transfer of the multi-signature address of the OLE project party seven months ago, with a transfer cost of 0.1679 US dollars; in addition, OLD has risen by 41% in the past 7 days, with a current price of 0.01435 US dollars.
On November 30th, according to The Data Nerd's monitoring, in the past 2 hours, Whale 0x4fb withdrew a total of 12826 ETH (approximately $26.2 million) from Coinbase at a price of $2040.
On November 30th, according to @ai_9684xtpa monitoring, 20 minutes ago, the MEME project's multi-signature address transferred 1.034 billion MEME tokens (valued at $27.72 million) to a new address, accounting for 11% of the token's circulation.
This fund has no transfer/sell operations at the moment.
MicroStrategy once again purchases approximately 16,130 bitcoins for about $593.3 million in cash
On November 30th, MicroStrategy announced that the company has once again purchased approximately 16,130 bitcoins for about $593.3 million in cash, with an average price of $36,785 per bitcoin.Currently, MicroStrategy holds a total of 174,530 bitcoins, with a total investment of approximately 5.28 billion US dollars and an average purchase price of 30,252 US dollars per bitcoin.
On December 1st, according to Spot On Chain monitoring, in the past 45 minutes, 3 whale addresses sold DYDX tokens through DEX, with a total value of approximately $727,000. In addition, the address starting with 0xb0d deposited $18.01 million worth of DYDX to Binance, and QCP Capital deposited $1.26 million worth of DYDX to Binance. BlockBeats previously reported that according to the proposal modified in January of this year, dYdX unlocked 152 million DYDX tokens (approximately $518 million) on December 1st, mainly including shares of investors, founders, advisors, and employees, accounting for 84.41% of the circulating supply.
Project Updates
On November 30th, after LBank restarted its Launchpad, the total number of investors participating in the third phase project ACGN Protocol reached 61,005, with a total investment of 95,098,311 USDT. The ACGN Protocol project token, AIMEME, will be listed on LBank and begin trading at 14:00 (UTC+8) on December 1st.
Port3 Network is suspected to have deployed its token PORT3.
On November 30th, according to CryptoDaku, a prominent figure in the cryptocurrency industry, the Web3 data gateway project Port3 Network has reportedly deployed its token, PORT3, on the Ethereum blockchain. On-chain data shows that the total supply of PORT3 tokens is 1 billion, and the smart contract address is 0xb4357054c3dA8D46eD642383F03139aC7f090343.DODO proposes to migrate 2 million tokens to Scroll and invest $100,000 in development fund
On November 30th, DODO recently released the DIP-17 proposal, announcing plans to migrate 2 million DODO tokens to the zkEVM Layer 2 solution Scroll. This move aims to leverage Scroll's advanced technology to provide greater scalability and performance for DODOX - DODO's cross-chain DEX aggregator.At the same time, the proposal also includes the allocation of $100,000 from the DODO Community Fund, aimed at promoting Scroll's trading volume and user participation through an ecosystem incentive program based on liquidity and trading volume milestones.
The proposal is now open for voting and will end at 5:00 pm on December 4th. The current approval rate is 100%.
KyberSwap attacker proposes settlement terms, demanding control of the company and all assets
On December 1st, according to The Block, the cryptocurrency startup Bastion appointed Caroline Friedman, former COO of a16z and Kraken, as the company's Chief Operating Officer. Caroline Friedman has been serving as the company's operations director since February and will now oversee Bastion's compliance, regulatory affairs, personnel, public policy, and financial functions as COO. Earlier this year in September, Bastion completed a $25 million seed round of financing with a16z crypto as the lead investor and participation from Laser Digital Ventures under Nomura Group, Robot Ventures, Not Boring Capital, and others, as previously reported by BlockBeats.
On December 1st, according to several sources cited by Bloomberg, OpenAI will give existing employees an additional month to decide whether to participate in the plan to sell company shares. Sources said in October that OpenAI has been negotiating the sale of stocks, which would bring the company's valuation to $86 billion. Earlier this month, some investors withdrew their acquisition offer after Sam Altman was fired. However, after Sam Altman resumed his role as CEO, there was enough demand from investors to pay for the portion that exited the deal. Given the recent events, OpenAI will give employees an additional month (until January 5th) to decide whether to join the stock sale plan.
Yearn V3 is now live on Polygon, supporting permissionless creation of single strategy vaults.
On December 1st, the yield aggregator protocol Yearn announced the launch of Yearn V3 on Polygon. Yearn V3 introduces tokenized strategies and supports the creation of single strategy vaults without permission. In addition, strategies and vaults are now fully compatible with ERC-4626. Before releasing on other chains, Yearn will add new vaults and strategies.
CeFi Information
It is currently unclear whether these transactions are authorized or asset transfers.
Coinbase International has launched perpetual futures contracts for ADA, LINK, DOGE, and XLM.
On November 30th, according to an official announcement, Coinbase International Exchange and Coinbase Advanced have added perpetual futures contract support for Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM). Limit, market, stop-loss, and stop-loss limit orders are now all available.OKX will support ETH_Base deposits and withdrawals on December 1st
On November 30th, according to official sources, in order to meet the various needs of user transactions, OKX will begin to support ETH_Base deposits and withdrawals. The deposit opening time for ETH_Base is 4:00 PM (UTC+8) on December 1st, and the withdrawal opening time is 6:00 PM (UTC+8) on December 1st.
Institutional-grade encrypted trading platform Talos first connects to Uniswap liquidity
On November 30th, according to CoinDesk, Talos, a cryptocurrency exchange platform that primarily serves centralized trading platforms, recently routed trades to the decentralized trading platform Uniswap. This is not only Talos' first time obtaining liquidity from a decentralized trading platform, but also Uniswap Labs' first integration with an enterprise-level API.Binance launches pilot project for tripartite agreement with banks targeting institutional investors
On November 30th, Binance announced the successful execution of the world's first pilot project for a cryptocurrency bank's tripartite arrangement. This solution allows institutional investors to store their trading collateral under the custody of a third-party banking partner, rather than within the trading platform itself.This arrangement mimics the common framework in traditional financial markets, allowing investors to allocate cryptocurrency assets based on their risk tolerance. The collateral held at banking partners can be assets equivalent to fiat currency, such as treasury bills, which also brings additional benefits in terms of asset advantages.
Swiss encrypted bank Seba announced its renaming to Amina.
On December 1st, according to Cointelegraph, Swiss cryptocurrency bank Seba announced its rebranding as Amina as part of its global expansion strategy. Amina aims to combine elements of traditional banking, digital banking, and cryptocurrency banking. The company has reportedly obtained a license from the Securities and Futures Commission in Hong Kong to provide cryptocurrency trading services in the region, and has opened an office in Abu Dhabi as part of its accelerated growth strategy in Switzerland, Hong Kong, and Abu Dhabi.
Coinbase and a16z former executive Mike Lempres joins the board of directors of MoonPay USA LLC
On December 1st, according to official sources, MoonPay, a cryptocurrency payment and financial company, announced that Mike Lempres, former executive of Coinbase and a16z, has joined the board of MoonPay USA LLC. Mike Lempres has previously served on the board of Bitstamp, Revolut US (as chairman), and Coinbase.
Viewpoint Data
Standard Chartered Bank: Bitcoin price may reach $100,000 within a year
On November 30th, according to a report by Cointelegraph, Standard Chartered Bank stated in a research report that the price of Bitcoin may reach $100,000 within a year, firmly maintaining its bullish price target for Bitcoin.
Geoff Kenrick, Head of Cryptocurrency Research at Standard Chartered Bank, said, "We now expect more price increases for Bitcoin before the halving, especially through the early launch of exchange-traded funds (ETFs) on US spot trading platforms."
MITH, incubated by Range Media Partners, helps creators and brands interact with fan communities and profit. The company has launched its first product, Private Garden, on the Polygon blockchain. Creators and brands can provide fans with community forums, photos, videos, text, live streaming, and other content and digital business services. The team will also collaborate with other blockchains.
On November 30th, Damian Williams, a federal prosecutor in the Southern District of New York, announced that Esteban Cabrera Da Corte from Miami, Florida was sentenced to 63 months in prison by US District Judge Katherine Polk Failla for planning a scheme to steal millions of dollars worth of cryptocurrency and deceiving a US bank into refunding the funds used to purchase the cryptocurrency.
美 SEC 确认 Cboe 就富达以太坊现货 ETF 申请提交文件 Translation:
The US SEC confirms that Cboe has submitted documents for a Fidelity Ethereum spot ETF application.On November 30th, according to SEC filings, the Chicago Board Options Exchange (Cboe BZX Exchange, Inc.) submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) on November 17th, proposing to list and trade shares of the Fidelity Ethereum Fund ("Trust") as an ETF commodity trust under BZX Rule 14.11(e)(4). The SEC has confirmed receipt of the proposal and will solicit public comments on the rule change.
Kraken Chief Legal Officer: Plans to defend and respond to SEC lawsuit in court
On December 1st, Marco Santori, the Chief Legal Officer (CLO) of Kraken, confirmed in an interview with CNBC that Kraken plans to defend and respond to the SEC's lawsuit in court. Santori stated that the SEC claims Kraken is a clearing trading platform and investment contract broker. The accusations made by the SEC are completely baseless. He emphasized that Kraken does not intend to evade regulation, but rather seeks to establish a legal framework that is "meaningful to the cryptocurrency ecosystem."
Grayscale hires former Invesco ETF executive as CEO, possibly preparing to launch a spot Bitcoin ETF
On December 1st, according to CNBC, the SEC met with Grayscale on Thursday of this week to discuss the potential conversion of Grayscale's Bitcoin Trust Fund into an ETF. SEC officials also met with representatives from BlackRock and Nasdaq. In addition, Grayscale recently hired John Hoffman, a long-time Invesco ETF executive, as Managing Director. Hoffman will be responsible for distribution and strategic partnerships at Grayscale, indicating that the cryptocurrency asset management company is preparing to launch the fund after approval.
Circle: No banking services provided for Justin Sun, Tron Foundation or HTX
On December 1st, Circle refuted the false accusations of assisting illegal financial activities in a letter to US Senators Sherrod Brown and Elizabeth Warren. Additionally, Circle emphasized in the letter that they did not provide banking services to Justin Sun, Tron Foundation, or Huobi, now known as HTX. Furthermore, Circle stated that they terminated all accounts held by Justin Sun and his affiliated companies in February 2023. Tron Foundation and HTX have not immediately responded to requests for comment. (The Block)On December 1st, according to Reuters, US bankruptcy judge Martin Glenn stated at a court hearing on Thursday that cryptocurrency lending institution Celsius Network may need to seek new creditor votes on its proposal to transition to a Bitcoin mining business. Celsius stated last week that it has scaled back its post-bankruptcy business plan to focus solely on Bitcoin mining, citing skepticism from the US Securities and Exchange Commission (SEC) regarding its other planned business lines.
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