Compiled by: Fairy, ChainCatcher
Important Information:
Hong Kong Securities and Futures Commission: "Tokencan", "Hong Kong Weibi Crypto Assets" and others are suspected of engaging in virtual asset-related fraud activities
Kraken Co-founder Donates $1 Million to Trump as an Individual, Mainly in ETH
Bybit recently underwent a large-scale replacement of its internal executives
Solona Ecosystem Meme Coin Wen has acquired the largest cat-themed account on X
Biden campaign hires Coinbase advisory board member as 2024 election adviser
Bolivia Lifts Ban on Bitcoin and Crypto Payments
21Shares Files New 8-A12B for Ethereum Spot ETF
“What important events have occurred in the past 24 hours?”
Hong Kong Securities and Futures Commission: "Tokencan", "Hong Kong Weibi Crypto Assets" and others are suspected of engaging in virtual asset-related fraud activities
The Hong Kong Securities and Futures Commission today warned the public to beware of entities operating under the names of “Tokencan”, “Hong Kong Weibi Crypto Assets” and “HKD.com Corporation” that are suspected of engaging in virtual asset-related fraudulent activities and claiming to operate virtual asset trading platforms in Hong Kong without obtaining a license.
The Hong Kong Police Force has taken action to block the relevant websites and social media pages. The Securities and Futures Commission has also included "Tokencan", "Hong Kong Weibi Crypto Assets" and "HKD.com Corporation", as well as their respective websites, on the warning list.
Kraken Co-founder Donates $1 Million to Trump as an Individual, Mainly in ETH
Kraken co-founder Jesse Powell stated on his social platform that he donated $1 million to the Trump campaign in his personal capacity, mainly in ETH.
Powell said that the crypto industry has long been under attack from Elizabeth Warren, Gary Gensler and others. Despite the best efforts of both parties in Congress to establish clear rules, the Biden administration has stood aside and allowed law enforcement to conduct unfettered regulation. As other major economies in the world have introduced clear digital asset regulatory rules, this approach is undermining the competitiveness of the United States.
Powell tweeted, “Excited to join other leaders in our community in rallying behind the only pro-crypto major party candidate in the 2024 Presidential Election so that the United States can continue to lead in blockchain technology.”
Bybit recently underwent a large-scale replacement of its internal executives
According to Wu, Bybit has recently undergone a large-scale replacement of its internal executives. The top managers of almost all business departments, including spot, derivatives, customer service, and VIP, have been replaced for unknown reasons. Bybit's current managers include CEO Ben and COO Helen, who is in charge of business departments such as HR.
Earlier, Bybit had already experienced a major turmoil in its management after the Notcoin delay incident, with several executives "voluntarily resigning". Bybit's sudden launch of Chinese user registration also caused panic among some employees.
Helen responded to Wu that the current leadership changes are a routine arrangement for organizational development. The company is still expanding into multiple regions with the goal of focusing on stronger localization and providing the most relevant products to regional users.
Coinbase: First presidential debate is over, no cryptocurrencies mentioned
Coinbase said on the social platform, “The first presidential debate is over and cryptocurrency was not mentioned. 52 million Americans and 19% of Georgians own cryptocurrency, it’s time to make sure it becomes part of future discussions.”
Coinbase denies customer data leak, Au10tix employee credentials leak raises security concerns
According to Cointelegraph, Coinbase denied that its customer data had been leaked in any way, responding to the leak of employee credentials of compliance platform Au10tix. Au10tix said that although the credentials had been leaked, there was no evidence that the data had been misused.
The report said the credentials could have allowed hackers to obtain sensitive information about users, such as names, dates of birth, and driver's license images. Au10tix has removed the credentials and stepped up security measures to prevent similar incidents from happening again. Coinbase did not confirm whether it used Au10tix to store customer data, but insisted that it had not found any data leaks.
Solona Ecosystem Meme Coin Wen has acquired the largest cat-themed account on X
According to official news, Solona Ecosystem Meme Coin Wen is now the owner of @ShouldHaveCat, the largest cat homepage on X. "With this account accumulating 2 to 3 billion views per month, we are excited to curate a global brand that can communicate with cat lovers all over the world, not just web 3."
Opinion: The US SEC has made it clear that Solana is a security, and ETF approval may need to wait for a change of regulatory authority
According to The Block, investment management company VanEck has applied to launch a Solana ETF that tracks the price of Solana’s native token. Many analysts say that after the U.S. Securities and Exchange Commission (SEC) recently gave the green light to Ethereum-based ETFs, the market application for a Solana ETF is inevitable, but few doubt that it will be successful in the first place.
“It can’t be done, and I suspect VanEck is building goodwill and laying the groundwork for a future launch,” said Haseeb Qureshi, a partner at investment firm Dragonfly Capital. “But the SEC has made it clear that they believe SOL is a security. This administration is not going to budge on this.” James Seyffart, an ETF expert at Bloomberg Intelligence, agreed, saying on X that the fund “has a chance of launching sometime in 2025 only if there is new management in the White House and at the SEC.”
The biggest legal hurdle facing the SOL ETF is the SEC’s enforcement division’s clear statement that SOL is an unregistered security. Notably, this happened a year ago when the agency sued Binance for having a market in Solana and 11 other cryptocurrencies. The SEC’s opinion is based on securities laws passed in the early 1930s and the Howey test, which determines what constitutes a “security investment.” Essentially, if a person invests money in a common enterprise and expects to profit from the labor of others, the SEC can declare that asset a security.
Biden campaign hires Coinbase advisory board member as 2024 election adviser
The Biden campaign hired Keisha Lance Bottoms as a senior adviser for the 2024 election. Lance Bottoms served as mayor of Atlanta from 2018 to 2022 and joined the Coinbase advisory board in April 2024 after she resigned as a White House adviser in 2023.
Foreign media The Hill said on June 27 that Lance Bottoms will remain at Coinbase during President Biden's campaign, which is expected to end when American voters go to the polls in November. The news media reported that the former mayor said that cryptocurrency is a "non-political, unifying issue." It is not clear whether Lance Bottoms will provide advice to the Biden campaign team on cryptocurrency-related issues.
According to The Hill, Lance Bottoms said at the Stand With Crypto Atlanta event: "Cryptocurrency provides an opportunity to enhance financial freedom for communities that are typically unbanked and underbanked."
Data: The proportion of active addresses on the Bitcoin network has dropped to 1.22%, the lowest since 2010
IntoTheBlock data shows that the proportion of weekly active addresses in the Bitcoin network has dropped to a low of 1.22%, lower than the record set in November 2010. In addition, the total number of active wallets has also reached a multi-year low, with 614,770 weekly active addresses recorded on May 27, the lowest record since December 2018.
Bolivia Lifts Ban on Bitcoin and Crypto Payments
Bolivia has lifted its ban on Bitcoin and crypto payments, officially legalizing them for financial entities.
21Shares Files New 8-A12B for Ethereum Spot ETF
According to official news, 21Shares filed a new 8-A12B filing for its Ethereum spot ETF.
Decentralized cross-chain oracle AnchorZero completes $8 million seed round of financing, led by Bain Capital and Spark Capital
According to official news, AnchorZero, a developer of a decentralized oracle network, announced the completion of an $8 million seed round of financing, led by Bain Capital Crypto and Spark Capital, with participation from Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital, and Sarah Meyohas. The specific valuation information has not yet been disclosed.
It is reported that AnchorZero is a blockchain technology company that specializes in developing decentralized cross-chain oracle networks, providing secure and reliable price feed data services for smart contracts, allowing access to external data of smart contracts on multiple platforms. In addition, they also provide Web3 tax planning solutions.
Greeks.live: Options worth more than $10 billion will be delivered today. The market fluctuates greatly, but the IV of mainstream coins has not risen significantly.
Greeks.live macro researcher Adam posted on social media that 107,000 BTC options expired, with a Put Call Ratio of 0.5, a maximum pain point of $57,000, and a notional value of $6.6 billion. 1.04 million ETH options expired, with a Put Call Ratio of 0.59, a maximum pain point of $3,100, and a notional value of $3.6 billion.
Today is the quarterly delivery, with options with a nominal value of over $10 billion delivered. June was a difficult month for the crypto market. The prices of BTC and ETH once approached the maximum pain point that investors thought was impossible to reach, and the market atmosphere was relatively pessimistic.
Despite the large market volatility, the IV of mainstream coins has not risen significantly. The IV of BTC in each major term is less than 50%, and the IV of ETH in each major term is less than 60%, both at a low level. There will be clearer news about the ETH ETF at the beginning of next month. The IV will be under strong downward pressure in the next few days after the delivery is completed today. Buying some call options when the IV is low will be a very cost-effective choice.
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The rise of OpenAI: A master of power, Ultraman has accumulated huge influence through connections
Throughout Ultraman’s career, he has always understood the importance of being in the right place, at the right moment, and connected with the right group of people. Understanding the story of Ultraman’s rise is crucial because by understanding who he is and what he believes in, we may be able to better answer a pressing question: Should we trust this man to oversee the development of this technology?
Since he founded the location service Loopt at the age of 19, Altman has shown a strong desire for power. With his unique personal charm and firm determination, he has won the support of many technology leaders, including Paul Graham, Peter Thiel and Elon Musk. His ability to deal with problems and build interpersonal relationships has been praised, but this has also attracted some doubts and criticism. Although he is committed to benefiting all mankind in his vision of OpenAI, the way he manages the company has often become a focus of controversy.
What makes MegaETH, a new L1 project with a luxurious financing lineup, different from others?
MegaLabs, the developer of the new blockchain MegaETH, has completed a $20 million seed round of financing, led by Dragonfly, with participation from companies such as Figment Capital, Robot Ventures, and Big Brain Holdings. Angel investors include Ethereum co-founder Vitalik Buterin, ConsenSys founder Joseph Lubin, EigenLayer founder Sreeram Kannan, ETHGlobal co-founder Kartik Talwar, Helius Labs co-founder Mert Mumtaz, Santiago Santos, Hasu, and Jordan Fish (aka Cobie). This round of financing uses a structure of equity plus token warrants, bringing MegaETH's fully diluted token valuation to at least $100 million.
With such a luxurious financing lineup and being in the fiercely competitive L1 track, what is the difference between MegaETH and others? Can it reshape the L1 landscape in the future? This article will give you a glimpse.
After the US presidential election debate: The whole network mocked Biden, is it time to buy Trump Meme?
On Thursday evening, June 27, local time in the United States, the well-known American media CNN hosted the first face-to-face debate of the 2024 presidential election. In this presidential debate, US President Joe Biden and former President Donald Trump engaged in a fierce confrontation in the CNN studio in Atlanta. This debate, which lasted 90 minutes, marked the first head-on collision between the two heavyweight politicians in the new round of elections.
The debate process was generally regarded as a "big disappointment" by the American media. Compared with expressing political views, the debate between the two was more often caught up in groundless accusations and arguments based on false information. In terms of momentum, Biden was obviously a step slower and often failed to respond to Trump's accusations, giving people the impression that Trump was sure to win. After the end, Trump's winning rate on the crypto prediction market Polymarket has reached 65%, setting a new record; Biden's related meme coin BODEN fell sharply, with a 24-hour drop of 38.6%.
