Today's news tips:
1. Fidelity and other 5 Ethereum spot ETFs will be listed on Cboe on July 23
2. Biden will resume campaign activities next week
3. CrowdStrike: Conducting root cause analysis to determine how the vulnerability was created
4. Vitalik: Blockchain is a "truth machine", but it needs other tools to assist in execution
5.WazirX team plans to launch a bounty program to freeze/recover stolen assets
6.ARK Invest reduced its holdings of Coinbase shares by approximately $4.32 million yesterday
7. The giant whale 0x3b5 bought 11.83 million Meme tokens MIGGLES this morning, and currently has a floating profit of $142,000
Regulatory News
Fidelity and other five Ethereum spot ETFs will be listed on Cboe on July 23
The Chicago Board Options Exchange (Cboe) announced that five Ethereum spot ETFs will be listed on the exchange on July 23. These ETFs include the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF. Cboe has issued a new issuance notice, which is one of the procedures before the ETF is issued.
Biden to resume campaign activities next week
According to Cailian News Agency, US President Biden said he will resume his campaign next week. Biden issued a statement on Friday saying: "I look forward to returning to the campaign next week to continue to expose the threats of Trump's 2025 agenda while defending my own political achievements and my vision for the United States."
Biden is currently isolating at his residence in Delaware after he tested positive for COVID-19 and had mild symptoms. Doctors said Biden's COVID-19 symptoms have improved significantly. After Trump's assassination attempt last weekend, the Biden campaign pulled TV ads attacking Trump and suspended other political communications.
Although Biden has expressed a strong desire to continue to run for the election, the pressure from Democrats on him is increasing. Publicly, Democratic lawmakers have been calling on Biden to withdraw from the race. Former US President Obama previously said that Biden's chances of winning the election have greatly decreased and he should reconsider whether he can win. Former US House Speaker Pelosi recently told Biden in a private call that polls show that he cannot defeat Trump.
Biden's latest statement came hours after media reports that his family had begun discussing a possible exit plan were quickly refuted by the White House.
Bloomberg reporter: Recommends that the British Chancellor of the Exchequer sell more than 60,000 Bitcoin reserves to help revive the UK
Senior Bloomberg reporter Merryn Somerset Webb suggested that the UK’s new Chancellor of the Exchequer, Rachel Reeves, sell the country’s 61,245 Bitcoins to help “rebuild the UK,” noting that “as long as international criminals use Bitcoin and are caught by the police, more cryptocurrency is likely to flow into their hands.”
Merryn Somerset Webb said that the new British Chancellor of the Exchequer inherited one of the worst environments since World War II. It takes a lot of money to achieve the goal of "rebuilding Britain and making every area of the country better." But there is a large amount of cash at your fingertips, and there is no need to increase taxes, that is, the Bitcoin assets in the UK.
Deputy Director of the Hong Kong Treasury Bureau: The stablecoin issuer licensing system will have a 6-month transition period after it takes effect
According to the Hong Kong Wen Wei Po, when attending the Legislative Council Web3 and Virtual Asset Development Subcommittee meeting, Chan Ho-lim, Deputy Director of the Hong Kong Treasury Bureau, said that in addition to the current virtual asset trading platform regulatory system, the establishment of a licensing system for issuers of legal currency stablecoins will strengthen the consistency of Hong Kong's virtual asset regulatory framework with international standards and effectively mitigate the risks posed to financial stability by activities related to the issuance of legal currency stablecoins. The system has a transition period, and issuers with meaningful and substantial issuance business can continue to operate during the 6-month "no violation period" transition period after the system takes effect, but must submit a license application within the first 3 months, otherwise they must orderly terminate their business before the end of the 4th month.
Chen Haolian mentioned that since fiat stablecoins may become the main channel for risks to spill over from the virtual asset market to the traditional financial system because they claim or appear to maintain a relatively stable value with one or more legal currencies, the policy objectives of the proposed regulatory framework include formulating preventive measures to address the potential risks posed by fiat stablecoins to monetary and financial stability; providing protection for fiat stablecoin users; formulating a regulatory system for fiat stablecoin issuers that complies with international regulatory recommendations; and providing a clear legal and regulatory environment.
AI
Shanghai Lingang: Plans to invest 800 million yuan to establish an artificial intelligence mother fund
The investment community learned that Shanghai Lingang Group recently issued an announcement that the company plans to invest 800 million yuan to participate in the establishment of Shanghai Guotou Pioneer Artificial Intelligence Private Equity Investment Fund Partnership (Limited Partnership) (referred to as "AI FOF"). This is currently the largest AI FOF in Shanghai and even in the country. The announcement shows that the scale of Shanghai AI FOF is planned to be 22.501 billion yuan, and Shanghai Guotou Pioneer Private Equity Fund Management Co., Ltd. will serve as the fund manager. The fund term is set at 15 years, including an 8-year investment period and a subsequent exit period.
The AI mother fund currently has 11 potential investment partners, of which the top three partners are: Shanghai Guojing Investment intends to invest RMB 10 billion, with a shareholding ratio of 44.4425%; Shanghai Huizi Investment intends to invest RMB 4.5 billion, with a shareholding ratio of about 20%; and Shanghai Automotive Industry Group intends to invest RMB 2.5 billion, with a shareholding ratio of 11.1106%. In addition, Shanghai Guotou Pioneer Private Equity Fund Management Co., Ltd. (referred to as "Shanghai Guotou Pioneer Private Equity Fund") intends to serve as the general partner, fund manager and executive affairs partner of the AI mother fund, subscribing RMB 10 million.
According to the official website, Shanghai Guotou Pioneer Private Equity Fund was established in May this year and is wholly owned by Shanghai State-owned Capital Investment Co., Ltd. (hereinafter referred to as "Shanghai Guotou Company"). Shanghai Guotou Company is a large-scale state-owned capital investment platform company established with the approval of the Shanghai Municipal Party Committee and Municipal Government, funded and directly supervised by the Shanghai State-owned Assets Supervision and Administration Commission. The company mainly implements strategic shareholding management and capital operation of state-owned capital, undertakes investment in major market-competitive industrial projects, and carries out market-oriented and professional equity investment fund operations.
Project News
CrowdStrike: Root cause analysis is underway to determine how the breach occurred
CrowdStrike said it is understanding how the problem (which caused global chaos yesterday) occurred and is conducting a thorough root cause analysis to determine how the logic vulnerability occurred. The company said: "We are committed to identifying any foundational or workflow improvements to strengthen our processes. The results of the root cause analysis will be updated as the investigation progresses. Currently unaffected systems will continue to operate as expected and there is no risk of such incidents occurring in the future." The company's CEO George Kurtz posted on social media that the company has written a technical overview of the incident and will continue to work with customers and partners to resolve the incident.
Vitalik: Blockchain is a "truth machine", but it needs other tools to help execute it
Vitalik Buterin responded to a question on the X platform about "what is a universal blockchain" and said that the blockchain is a "truth machine", specifically, it provides a consensus approximate truth about when a message was sent. It doesn't tell you "was the moon landing real?" This greatly reduces the attack surface of the blockchain, but it does mean that we need other tools to actually perform (or more precisely, assist) the latter kind of truth discovery.
WazirX team plans to launch a bounty program to freeze/recover stolen assets
WazirX team member Nischal said at X that the team is actively working on the next steps, including:
1. A bounty program is being prepared to help freeze/recover stolen assets;
2. Industry experts have been contacted for further discussions on continued tracking of fund flows;
3. All other exchanges have been notified. Some have responded, some have not yet and are following up;
4. Analyze the data to understand the extent of the damage;
5. Commit to further law enforcement and regulatory proceedings.
Crypto ATM operator Bitcoin Depot will allocate part of its cash reserves to Bitcoin
Bitcoin Depot, which operates more than 7,400 Bitcoin ATMs in the United States, announced that it would set aside part of its cash reserves to build a Bitcoin vault, following the example of companies such as Microstrategy. The company's CEO Brandon Mintz said the move would allow the company's shareholders to "benefit from future appreciation in BTC value."
Crypto exchange Gemini reaches $36 million settlement with IRA Financial Trust over breach
Cryptocurrency exchange Gemini has reached an agreement with retirement and pension platform IRA Financial Trust, ending a lawsuit that was originally filed in 2022. In a July 18 filing with the U.S. District Court for the Southern District of New York, Judge Analisa Torres dismissed the lawsuit filed by IRA Financial Trust as the company and Gemini Trust said they had reached a settlement.
The lawsuit was originally filed by the IRA in June 2022, alleging that Gemini misrepresented its security protections. The IRA claimed that a lack of transparency in Gemini’s security protocols led to the company being responsible for a February 2022 attack, when a malicious actor stole approximately $36 million in cryptocurrency. According to the platform, the hacker “gained control of the IRA’s master key,” allowing them to “move tens of millions of dollars worth of Bitcoin and Ether into a customer retirement account and then withdraw all of those assets.” A Gemini spokesperson told Cointelegraph at the time that the company denied the allegations in the lawsuit.
Important data
ARK Invest sold approximately $4.32 million of Coinbase shares yesterday
Cathie Wood's ARK Invest (ARKW) sold 16,758 shares of Coinbase on July 19, which was equivalent to approximately US$4.32 million based on the closing price of US$257.79 per share on that day.
USDC Treasury mints 250 million new USDC on Solana network
According to Whale Alert monitoring, about 3 hours ago, USDC Treasury minted an additional 250 million USDC on the Solana network.
Wintermute-related wallets withdrew 4 million ARB from Coinbase about 10 hours ago
According to The Data Nerd, 10 hours ago, a wallet (related to Wintermute) withdrew 4 million ARB (about 3.1 million US dollars) from Coinbase.
A Uniswap team/investor/consultant address transferred 1.209 million UNI to Coinbase Prime about 3 hours ago, about 9.64 million US dollars
On-chain analyst Yu Jin monitored that a Uniswap team/investor/advisor address continued to transfer 1.209 million UNI (9.64 million USD) to Coinbase Prime 3 hours ago. This address has transferred a total of 5.98 million UNI (49.39 million USD) to Coinbase Prime in the past 16 days. This address currently has 3.02 million UNI (24.01 million USD) left out of the 9 million UNI it received from the Uniswap team/investor/advisor token distribution contract in September 2020.
The giant whale 0x3b5 bought 11.83 million Meme tokens MIGGLES this morning, and currently has a floating profit of $142,000
According to @ai_9684xtpa's monitoring, the whale 0x3b5...fe4E9 spent a total of $1.13 million this morning to buy 11.83 million Base network Meme tokens MIGGLES at an average price of $0.0959, pushing the coin price up 36% in a short period of time, and currently has a floating profit of $142,000.
Whale arthurgayes.eth deposited $4.41 million of MOG to CEX about 7 hours ago
The early whale arthurgayes.eth deposited the first 2 trillion MOG (US$4.41 million) into Bybit & Gate.io 7 hours ago. The whale purchased 8.26 trillion MOG with only US$251,000 USDC from September to October 2023, and currently still holds 6.26 trillion MOG (about US$14 million) in 3 wallets, with an estimated total profit of US$18.1 million (72 times).
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