Compiled by: Luan Peng, ChainCatcher
Important Information:
Matrixport: Ethereum Volatility Has Surpassed Bitcoin
Data: 6 Hong Kong virtual asset ETFs have a trading volume of over HK$17.06 million today
Citigroup's global head of digital assets Shobhit Maini has left the company
Musk proposes Trump establish oversight committee in second term to ensure fiscal efficiency
Foreign media: Musk will mobilize 800,000 swing state voters to vote for Trump and provide about $160 million in financial support
Saga announces launch of its liquidity integration layer to address liquidity fragmentation in the blockchain space
Canadian crypto exchange ezBtc and its founder misappropriated $9.5 million in customer funds for gambling
Data: Ethereum's market value is approximately $317.8 billion, ranking 37th in asset market value
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Matrixport: Ethereum Volatility Has Surpassed Bitcoin
Matrixport released its latest opinion, saying that the 30-day actual volatility difference between Ethereum and Bitcoin has basically remained between 1.0 and 1.5, indicating that at the peak of volatility, Ethereum's volatility is 50% higher than Bitcoin.
As Ethereum has underperformed since the current bull run, its high volatility has weakened its appeal to investors. However, as long as the volatility spread remains in this range, buying Ethereum volatility at low levels may be an attractive opportunity.
Data: 6 Hong Kong virtual asset ETFs have a trading volume of over HK$17.06 million today
Hong Kong stock market data shows that as of the close, the trading volume of today's 6 Hong Kong virtual asset ETFs was HK$17.06 million.
in:
The trading volume of ChinaAMC Bitcoin ETF (3042.HK) was HK$3.364 million;
The transaction volume of ChinaAMC Ethereum ETF (3046.HK) was HK$5.3527 million;
The trading volume of Harvest Bitcoin ETF (3439.HK) was HK$1.5167 million;
The trading volume of Harvest Ethereum ETF (3179.HK) was HK$3.474 million;
The trading volume of Bosera HashKey Bitcoin ETF (3008.HK) was HK$2.0842 million;
The trading volume of Bosera HashKey Ethereum ETF (3009.HK) was HK$1.2666 million.
Citigroup's global head of digital assets Shobhit Maini has left the company
Shobhit Maini, global head of digital assets at Citigroup’s markets division, has left the company, Bloomberg reported.
According to his Linkedin profile, Maini has been with Citigroup for more than 14 years, most recently as head of the digital assets team within Citigroup’s markets division. A memo last week from Lee Smallwood, Citigroup’s head of markets innovation and investments, said Maini was leaving to “pursue entrepreneurial opportunities in the digital assets space.”
Deepak Mehra, global head of markets strategic investments at Citi, will take over the role of global head of digital assets.
Musk proposes Trump establish oversight committee in second term to ensure fiscal efficiency
Musk mentioned in the conversation with Trump that he called on Trump to set up a government committee in his second term to ensure that taxpayer money is spent effectively, and said he would be happy to help such a committee. Trump praised the idea.
Foreign media: Musk will mobilize 800,000 swing state voters to vote for Trump and provide about $160 million in financial support
According to the Wall Street Journal, Musk's team proposed to mobilize 800,000 voters in swing states to vote for Trump and provide about $160 million (about RMB 1.15 billion) in financial support. According to the report, at the weekly meeting, consultants and suppliers of the super PAC reported to Musk on their latest progress, with the goal of mobilizing 800,000 people in swing states to vote for Trump.
They proposed a budget of about $160 million to accomplish the task, much of which would come from Musk himself, and talked about forming an “army” of more than 6,000 canvassers and other staff, according to people familiar with the matter.
Saga announces launch of its liquidity integration layer to address liquidity fragmentation in the blockchain space
L1 protocol Saga announced the launch of its liquidity integration layer at X to address the liquidity fragmentation problem in the blockchain space.
Saga's liquidity integration layer brings automatic composability to the Saga ecosystem. When a developer launches a brand new small chain, it will automatically connect to LIL. Through LIL, this new small chain will have immediate access to tokens, services, and applications on other small chains and other ecosystems outside of Saga.
Canadian crypto exchange ezBtc and its founder misappropriated $9.5 million in customer funds for gambling
Canadian cryptocurrency exchange ezBtc and its founder David Smillie defrauded customers by misappropriating approximately 13 million Canadian dollars ($9.5 million) in customer cryptocurrency assets and using the funds for gambling, Cointelegraph reported.
The ezBtc platform was permanently shut down around September 2019 and dissolved in 2022, claiming to store all of its users’ crypto investments in cold wallets. During its operation from 2016 to 2019, ezBtc accumulated more than 2,300 Bitcoins and more than 600 ETH from crypto investors.
According to the BCSC panel, Smillie used nearly a third of user funds for gambling and personal use. ezBtc transferred a total of 935.46 bitcoins and 159 ethers to Smillie’s exchange account or to CloudBet and FortuneJack. The transfers to the two gambling sites were sometimes made directly from ezBtc and sometimes indirectly from ezBtc to Smillie’s exchange account and then to the gambling sites.
Data: Ethereum's market value is approximately $317.8 billion, ranking 37th in asset market value
According to the latest data from 8marketcap, Ethereum's market value is approximately US$317.8 billion, ranking 37th in asset market value; Bank of America's market value is approximately US$296.1 billion, ranking 38th in asset market value.
Report: Cryptocurrency VC funding grew 2.5% in Q2, deal count fell 12.5%
Cryptocurrency funding grew 2.5% to $2.7 billion, according to a new quarterly report from PitchBook. Despite the increase in dollar value, the number of deals fell 12.5%.
“Investors are concentrating capital on a narrower set of opportunities, a leap toward quality,” said Robert Le, senior analyst at PitchBook. “A few years ago, their investments were more spread out across a variety of sectors. Overall funding is expected to grow 20% or more in 2024 from last year, reaching $12 billion to $14 billion this year, compared with about $10 billion last year.”
Three Arrows Capital liquidators are seeking at least $1.3 billion in damages from Terraform Labs
According to Bloomberg, liquidators of the bankrupt crypto hedge fund Three Arrows Capital are seeking at least $1.3 billion in compensation from TerraForm Labs to make up for the losses the fund suffered after the collapse of TerraUSD and Luna tokens in 2022. The liquidators stated in court documents that before the collapse of these tokens, TerraForm induced Three Arrows to buy Luna and TerraUSD by manipulating the market and artificially raising the prices of these assets. The token collapse not only wiped out Three Arrows' investment in these tokens, but also caused significant losses in other investments.
The liquidator said Three Arrows Capital purchased $190 million worth of Luna in January 2022. A few months later, a massive sell-off of TerraUSD caused the value of Luna to shrink significantly. Court documents show that as of the end of April 2022, Three Arrows held approximately $462 million worth of Luna, but by May 14, the value of its holdings had plummeted to just over $2,700. At the same time, the net value of Three Arrows Capital's other digital assets shrank by approximately $858 million.
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Ecosystem projects have attracted over 10 million US dollars. What other early opportunities does Monad have?
On July 25, three Monad ecosystem projects announced that they had received financing of more than one million US dollars.
Among them, MEV infrastructure and liquidity staking platform aPriori received an $8 million seed round of financing led by Pantera Capital. It is reported that this round of financing has brought the valuation of aPriori tokens to at least $100 million; liquidity staking agreement Kintsu completed $4 million in financing; on-chain order platform Kuru received $2 million in financing led by Electric Capital.
The investment lineup participating in this Monad ecological project is very luxurious. In addition to Pantera and Electric star investment institutions, there are also many well-known people in the industry such as Lido's Marin Tvrdic and Wormhole founder.
Since Monad completed a $225 million financing with a valuation of $3 billion in April this year, recent ecological projects have successively announced support from top capitals, which has further increased the popularity of the network.
Crypto KOL AB Kuai.Dong posted on social media that Monad is different in that many public chains have strong funding from the public chains themselves, but the applications on them are not very popular. In contrast, Monad, in addition to itself, has also received investment from well-known institutions for the applications it is building, such as Kintsu, Kuru, Monad Pad, and aPriori.
As the testnet launch approaches, the Monad ecosystem has become a new gold-digging opportunity for the crypto community.
Starknet is in a crisis of trust due to frequent CEO changes
Last week, the Starknet Foundation announced the change of its CEO. Diego Oliva, who has served as CEO of the Starknet Foundation since March 2023, has resigned and will be replaced by James Strudwick, who is responsible for the growth of the Starknet ecosystem.
This is not the first time that the Starknet team has changed important senior management this year. In January, Uri Kolodny, CEO of StarkWare, a Starknet developer, posted on the X platform that he had resigned as CEO due to family health reasons, and the CEO position was taken over by Eli Ben-Sasson, another co-founder and president of StarkWare.
Since the community criticized Starknet for airdrop distribution issues at the beginning of the year, the controversy it faces has not stopped. Recently, ZKX, the leading derivatives protocol in Starknet’s ecosystem, announced its closure less than two months after TGE. Amid the criticism from investors, members of the Starknet Foundation also encountered dissatisfaction with their defense of ZKX.
The frequent changes of CEOs, coupled with Starknet’s “inaction” after causing multiple public opinion crises, make it difficult for community users not to question the operating conditions of the organization behind it.
Musk and Trump's peak dialogue: assassination attempt, illegal immigration, Biden's withdrawal from the election
August 13, 2024 is a day that can be counted in Twitter's history - Trump and Musk appeared together on Twitter Space, and it is reported that more than 1 million people attended the Space event. But the conversation between the two did not go smoothly at the beginning, and there was a small episode - Twitter seemed to be facing technical problems, and users reported difficulties in accessing the event. Data from the X platform showed that 2 million people were watching the live interview between Trump and Musk, but the live broadcast details could not be displayed. For this reason, Musk posted that "X seems to have suffered a large-scale DDOS attack", referring to a distributed denial of service network attack. He also said: "We tested the system with 8 million simultaneous listeners earlier today."
But the merits outweigh the flaws. The two talked on Space about the assassination attempt on Trump, the entry of illegal immigrants, Biden's withdrawal from the election, Harris's refusal to accept interviews, his desire to abolish the Department of Education, his criticism of the governor of California, and electric vehicle policies.
The content of the two giants’ top dialogue is compiled below for readers’ enjoyment.
Web3 Growth in 2024: The Industry is on the Verge of Transformation, with Over 100 Startups Raising Over $1 Billion
The growth of the Web3 ecosystem seems inevitable — Web3 companies need to gain a deep understanding of their users, engage deeply, and attract new users. Today, more than 160 companies are building the future of this emerging digital media industry, and 101 startups have raised nearly $1 billion in funding.
This report takes a deep dive into this rapidly evolving industry, providing a comprehensive overview of the most promising Web3 growth companies. It includes both publicly announced and privately shared funding data, providing a detailed snapshot of where the industry is today.
In many ways, the Web3 growth industry parallels the rise and fall of digital marketing in the 2010s. The MarTech space has expanded dramatically, from 150 companies in 2011 to over 14,000 in 2024.
A list of the top 10 centralized exchange hacker attacks in history
In recent years, centralized exchanges (CEXs) like Mt. Gox and WazirX have suffered major losses from external hacks, while others like FTX have collapsed due to internal fund misuse. Even industry giants Binance and Coinbase are facing existential threats from the world’s most powerful financial regulators.
Decentralized exchanges (DEXs) offer effective defenses against the three major threats — hacking, fraud, and overregulation — that have plagued CEXs. Of course, there are threats other than “hacking.” For example, the downfall of FTX involved mismanagement and misuse of customer funds by its executives, which is less feasible on a DEX because the inherent structure of a DEX promotes transparency and user control.
This article explores the biggest breaches in the history of top centralized exchange hacks From infamous intrusions to systemic vulnerabilities, the cryptocurrency world has experienced turmoil. Here, we review the top 10 worst centralized exchange hacks.
