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Daily Legal News: Binance Labs announces investment in Renzo; Ronin suspected of being hacked for around $10 million.

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Selected News:

1. WLD briefly touched $9 and rose over 38% in 24 hours;

2. Ronin is suspected to have been stolen 3 million RON tokens, worth approximately 10 million US dollars.

3. Net outflow of $35.7 million from the US Bitcoin ETF, marking the first net outflow since January 25th.

4. Binance Labs announced investment in Renzo;

5. Binance Inscription Market launches a limited-time airdrop campaign, and eligible users will have the opportunity to share over $1 million worth of tokens.

Price Observation

WLD briefly touched $9, up more than 38% in 24 hours

On February 23rd, according to market data, WLD briefly touched 9 US dollars before falling back, and is now priced at 8.65 US dollars, with a 24-hour increase of 38.88%.

EUL 24-hour surge over 14%, currently trading at $4.82

On February 22nd, influenced by the news of the "Loan Agreement Euler Finance to be restarted", EUL rose to touch $4.97 and then fell back, now priced at $4.82, with a 24-hour increase of 14.3%.

Ethereum falls below $3,000, with a 24-hour increase narrowing to 3.08%

On February 22nd, according to OKX market data, Ethereum fell below $3,000 and is currently trading at $2,997.61, with a 24-hour decrease of 3.08%.

Transaction Tracking

Grayscale transfers about 2315.557 BTC to Coinbase Prime

On February 22nd, according to Arkham monitoring, approximately 3965 BTC were transferred out of the gray address, of which approximately 2315.557 BTC were transferred to Coinbase Prime, and the remaining approximately 1650.12 BTC were transferred to 2 new addresses.

DWF Labs transferred 500 million SPELL to Binance, worth $498,000

On February 22nd, according to @ai_9684xtpa's monitoring, DWF Labs' holding address just deposited 500 million SPELL tokens (37% of their holdings) to Binance, worth $498,000. At the same time, DWF Labs also deposited 700,000 LIT tokens (approximately $900,000) to Binance.

Today, the price of SPELL has increased by about 70%, and LIT has increased by about 25%.

Project Updates

Proof of Play has launched a multi-chain technology based on Arbitrum Orbit, aiming to achieve real-time gaming experience across the entire chain.On February 23rd, Proof of Play, a startup in the blockchain gaming industry, officially introduced its latest technological achievement - a multi-chain system built on the Arbitrum Orbit technology stack, in conjunction with the company's proprietary on-chain game engine. The multi-chain system aims to provide optimized support for real-time gameplay across the entire blockchain and decentralized applications that can be scaled to the size of the internet. Over the past 15 months, Proof of Play has not only successfully built and expanded its flagship on-chain game "Pirate Nation" (which includes hundreds of smart contracts), but also secretly developed a yet-to-be-announced technology stack and game engine.

"Pirate Nation" has surpassed the capacity of all previous blockchain games, and the ambition of Proof of Play is to expand its scale to an unprecedented level. In the next few days, "Pirate Nation" will migrate to a multi-chain system and become the first full-chain game to run on its exclusive mainnet. After the migration, the gameplay of "Pirate Nation" will be based on the multi-chain system, while the founding pirate NFT will continue to be stored on Ethereum L1, achieving cross-chain functionality thanks to the company's mirroring solution.

Proof of Play has been dedicated to creating the foundational components to achieve this goal over the past year: its gasless solution supports seamless transfers between networks, and its mirroring feature allows player assets to exist on any network. The company believes that this model is the future direction of blockchain gaming, and will make blockchain games no different from their offline counterparts in terms of user experience, speed, and scale.

Although the on-chain framework of Proof of Play is portable, the company has chosen to collaborate with Arbitrum and initially launch the first batch of on-chain games on its Orbit technology stack.

Farcaster now supports Solana address verification

On February 23rd, the decentralized social protocol Farcaster announced support for Solana address verification. According to co-founder Dan Romero, this feature, as part of the protocol, achieves decentralized and permissionless access, allowing developers to freely build frameworks for interacting with user Solana wallets on Hubs.

Ronin is suspected to have been stolen 3 million RON tokens, worth about $10 million.

Ethena's USDe pool has reached the deposit limit again

On February 22nd, according to the official website of USDe developer Ethena Labs, Ethena has raised the upper limit of the USDe pool to 100 million US dollars today, and it has reached the deposit limit again. The current TVL of the USDe pool has reached 406 million US dollars.

ether.fi: EigenLayer staking points are now accurately matched

On February 22nd, the liquidity re-pledge protocol ether.fi team responded to the "EigenLayer staking points do not match TVL" issue to BlockBeats, stating that the EigenLayer staking points are currently accurately matched.

Earlier today, ether.fi stated that the platform will indeed transfer 100% of EigenLayer points directly to users, but the ETH received by ether.fi is not immediately staked, instead using a liquidity pool that allows users to withdraw at any time and transfer within and outside the protocol, so it is normal to not receive 24 points every day.

Previously, several community users found that the EigenLayer obtained by re-staking on the ether.fi platform did not match the points that should be obtained by the TVL of the protocol.

The Ethereum Layer 2 Network Mint Testnet will launch on February 28th.

On February 22nd, the Mint testnet of NFTScan's Ethereum NFT layer 2 network will be launched on February 28th, and the first batch of 30 partners in the Mint blockchain ecosystem will also be announced.

CeFi Information

Binance Inscription Market launches a limited-time airdrop campaign, eligible users will have the opportunity to share over $1 million worth of tokens.

On February 22nd, Binance Inscription Market launched a limited-time promotion. During the promotion period, users who complete qualified transactions on Binance Inscription Market will have the opportunity to share over 1 million US dollars worth of tokens.

This event is supported by RATS, AINN, BDIN, MMSS, BIDP, BRC20.com, ORNJ, NEWU, MUBI, INDS, DEPD, ROUP, and ITNP.

Qualified participants who complete the weekly airdrop requirements will be ranked based on the consecutive number of digits that match their Binance UID (BUID) and the corresponding BNB beacon chain block hash value at the beginning of each airdrop week. Binance Marketplace will select the winners of each airdrop week based on the aforementioned ranking, and each winner will receive $1,000 worth of the designated token for that week's airdrop.

Bitget has launched a new round of CandyBomb with a total prize pool of 30 ETH.

On February 22nd, Bitget launched a new round of CandyBomb. This round includes spot trading pool, contract trading pool, net deposit pool, and invitation pool, with a total prize pool of 30 ETH. Users can click to sign up and participate in CandyBomb, and the event will run from February 22nd 19:00 to March 7th 19:00 (UTC+8).

Viewpoint Data

Today, 8 ETFs increased their holdings of 3301 BTC, equivalent to approximately $169 million.

On February 22nd, according to Lookonchain monitoring, 8 ETFs increased their holdings of 3301 BTC, equivalent to approximately $169 million. iShares (Blackrock) increased their holdings by 1891 BTC, equivalent to approximately $96.8 million. Meanwhile, Grayscale reduced their holdings by 2652 BTC, equivalent to approximately $135.8 million.

Yesterday, the net outflow of US spot Bitcoin ETF was $35.7 million, the first net outflow since January 25th.

On February 22nd, according to BitMEX Research data, all US spot Bitcoin ETFs had a net outflow of $35.7 million on February 21st, marking the first net outflow in 17 trading days since January 25th.

Among them, the grayscale GBTC fund outflow is about 1.993 billion US dollars, the fund inflow of BlackRock's IBIT is about 96.5 billion US dollars, the net fund inflow of Fidelity's FBTC is 52.5 billion US dollars, and the net fund inflow of Ark 21Shares' ARKB is 10.7 million US dollars.

Analysis: DWF Labs holds 1.32 billion SPELL tokens, with a floating profit of $770,000

On February 22nd, according to @ai_9684xtpa's monitoring, DWF Labs announced that it will become a market maker for SPELL on September 14th, 2023. They applied for a token loan of 4.62 billion SPELL and purchased SPELL worth $1 million at a 15% discount (locked for 24 months).

Over the past five months, DWF Labs has received a total of 4.62 billion tokens transferred from Abracadabra.Money in batches, with a cost calculated at a discounted price of only $0.0003797. The address currently holds 1.32 billion SPELL tokens (worth $1.21 million) and has a floating profit of $770,000.

Financing Express

资金流协议 Superfluid 完成 510 万美元融资，Fabric Ventures 领投 translates to

Capital flow protocol Superfluid completes $5.1 million financing, led by Fabric Ventures.

On February 22nd, according to The Block, fund flow protocol Superfluid completed a $5.1 million strategic financing round. The round was led by Fabric Ventures, with participation from Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others.

This round of financing will be used to hire marketing personnel. The financing was completed at the end of last year and the financing structure is the same as the seed round financing, which includes equity with token subscription rights.

Superfluid was launched in 2021 and completed a $9 million seed round in the same year. The project allows crypto projects such as DAOs to pay recurring salaries and rewards in a single-chain transaction through its "super tokens", which can create a stream of funds between parties.

Binance Labs announced investment in Renzo.