Today's news tips:
1. FTX has reached a settlement with the CFTC, and the $4 billion claim comes after creditors and interest
2.DOGS: All Telegram Stars earned from selling points will be donated
3. Musk donated to a political action committee dedicated to electing Trump as president of the United States
4. The Bitcoin balance in the German government wallet address is now 0
5. Lava Network re-launches Vesuvius airdrop eligibility check page
6. Bitcoin L2 Network Stacks has completed the code writing for the Nakamoto upgrade
7. Bitcoin spot ETF had a total net inflow of US$310 million yesterday, and the cumulative net inflow reached US$15.811 billion
Regulatory News
Musk donates to PAC working to elect Trump
Musk donated to a super political action committee (PAC) dedicated to electing Trump as the president of the United States, according to Bloomberg, citing people familiar with the matter. It is not clear how much Musk donated, but people familiar with the matter said the number was quite large. The PAC must disclose the list of donors on July 15.
U.S. CFTC, Department of Justice, FBI and other federal agencies will jointly combat crypto fraud
The U.S. CFTC and the Department of Justice (DOJ) National Cryptocurrency Enforcement Team (NCET) held their first Fraud Disruption conference this week to address crypto scams such as pig-killing trays. Such scams cost Americans billions of dollars each year, making them a key enforcement focus. Agencies participating in the conference include the Federal Bureau of Investigation (FBI), the Social Security Administration, the U.S. Treasury, the U.S. Drug Enforcement Administration (DEA), the U.S. Postal Inspection Service, the U.S. Secret Service, the U.S. Attorney's Office for the District of Columbia, the U.S. Attorney's Office for Massachusetts, and the U.S. Securities and Exchange Commission.
FATF: About three-quarters of jurisdictions do not fully comply with anti-money laundering recommendations for virtual assets
According to the Financial Action Task Force (FATF), 97 out of 130 jurisdictions "only partially comply or do not comply" with anti-money laundering recommendations for the virtual asset sector. 88 jurisdictions (60%) have decided to allow virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. FATF claims that stablecoins and anonymity-enhancing cryptocurrencies are increasingly being used by terrorist organizations and "rogue states."
FTX has reached a settlement with the CFTC, and the $4 billion claim comes after creditors and interest
Documents forwarded by Sunil, a representative of FTX creditors, on the X platform show that FTX has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC), and the CFTC's $4 billion claim will be ranked behind all creditors and interest. The money paid to the CFTC will be transferred to the Supplemental Relief Fund to be used to pay those who have been harmed (cryptocurrency holders) (only if there are sufficient funds).
AI
OpenAI is developing a new AI model codenamed "Strawberry"
According to Reuters, citing people familiar with the matter, ChatGPT developer OpenAI is developing a new artificial intelligence model in a project codenamed "Strawberry". The plan is ongoing, and it is currently unclear how far "Strawberry" is from being launched. People familiar with the matter said that even within OpenAI, the working principle of "Strawberry" is a strictly guarded secret. It is reported that an internal document of OpenAI describes a project using the Strawberry model, with the aim of enabling the company's artificial intelligence to not only generate answers to queries, but also to make enough plans in advance to navigate the Internet autonomously and reliably to perform what OpenAI calls "deep research."
Project News
BlackRock BUIDL and Ondo and other issuers plan to apply for MakerDAO's $1 billion Treasury bond tokenization plan
BlackRock's BUIDL, Superstate and Ondo Finance plan to apply for MakerDAO's $1 billion treasury bond tokenization plan. According to previous news, MakerDAO announced the official launch of the Spark Tokenization Grand Prix, with the goal of tokenizing $1 billion of real-world assets (RWA) and introducing them to MakerDAO. The competition is open to all innovators and issuers, and selected partners will receive up to $1 billion in liquidity support.
OTF will fully open the Bittensor mainnet today and release Bittensor 7.3.0
The OpenTensor Foundation released the latest progress on Bittensor on Twitter early this morning:
1. Restore normal operation of Bittensor: In less than an hour, OTF will fully open the Bittensor mainnet;
2. The test network does not need to be updated today;
3. Bittensor 7.3.0 will be released today. This version will introduce the following changes:
- The consensus-based weight feature is now available in the "master" branch;
- New btcli command option check_coldkey_swap, will enable users to check the time remaining before a scheduled coldkey swap is performed on-chain, or see if it is in arbitration.
Lava Network relaunches Vesuvius airdrop eligibility check page
Lava Network, a modular blockchain infrastructure developer, tweeted that the Vesuvius airdrop eligibility check page has been relaunched with the following changes:
- The code now verifies that the wallet submitted by the user is a valid Lava wallet (check eligibility and view message);
-For those who submitted invalid addresses, the new page now provides an alternative process to reclaim and overwrite the address;
- This is the address LAVA will be sent to when it launches on the public mainnet;
- Pasting addresses is no longer allowed, to improve UX, users must connect a valid Keplr Wallet/Leap Cosmos wallet.
Bitcoin L2 Network Stacks Completes Code Writing for Nakamoto Upgrade
The Stacks Foundation, the foundation of Bitcoin L2 network Stacks, said on the X platform that the code writing of Nakamoto has been completed ahead of schedule (July 15), and is currently undergoing internal and external audits, testing, and bug fixes. It is reported that the Nakamoto upgrade will separate the block production schedule of Stacks from that of Bitcoin, and will introduce a new Stacks block production method and update its transfer proof consensus algorithm. The Stacks Nakamoto upgrade will be able to achieve a transaction speed of about 5-10 seconds, which is about 100 times faster than the current transaction speed.
DOGS: All Telegram Stars earned from selling points will be donated
TON ecosystem MEME project DOGS said that the activity of using Telegram Stars to purchase DOGS points will end on July 15, and all Telegram Stars obtained will be donated to charities, which will be selected by community voting. DOGS previously had a built-in Telegram Stars purchase function with a 1:1 exchange rate, and Telegram Stars can be purchased directly with legal currency.
Important data
The Bitcoin balance in the German government wallet address has reached 0
According to Arkham monitoring, the Bitcoin balance of the German government wallet address has been exhausted. This address sent 3,846.05 BTC (about $223.81 million) to Flow Traders and 139Po (possibly an institutional deposit/OTC service) early this morning, and the current Bitcoin balance in the address is 0.
Whales holding 10,000-1 million LINK have increased their holdings by 9.2 million LINK since June 24
Santiment tweeted that in the current market, major Chainlink stakeholders holding 10,000-1 million LINK have been accumulating in large quantities. Since June 24, this group has increased its holdings by 9.2 million LINK, and its total holdings have increased by 4.65%.
Bitcoin spot ETF had a total net inflow of US$310 million yesterday, and the cumulative net inflow reached US$15.811 billion
SoSoValue data shows that yesterday (July 12, Eastern Time), the total net inflow of Bitcoin spot ETFs was US$310 million, of which Grayscale GBTC had a net inflow of US$23.0081 million in a single day, and the current historical net outflow of GBTC is US$18.638 billion. The Bitcoin spot ETF with the largest single-day net inflow is BlackRock IBIT, with a single-day net inflow of US$120 million, and the current total net inflow of IBIT is US$18.262 billion. The second is Fidelity FBTC, with a single-day net inflow of US$115 million, and the current total net inflow of FBTC is US$9.719 billion. As of now, the total net asset value of Bitcoin spot ETFs is US$51.338 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.52%, and the historical cumulative net inflow has reached US$15.811 billion.
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