2024.7.8 Cryptocurrency Industry Dynamics

1️⃣Mainstream Exchange Dynamics: /

2️⃣Mainstream Projects and Hot Events:

▪️ Zircuit mainnet is about to be released, and the first quarter points snapshot will be taken on July 7.

▫️ ether_fi has launched the Season 2 airdrop claim query interface.

▪️ Grayscale Ethereum Trust Fund (ETHE) has changed from a discount to a premium to its net asset value (NAV).

▫️ Tether is developing decentralized artificial intelligence models, and its CEO said: These models better protect user privacy and ensure the resilience and independence of the system.

▪️ Messari CEO: Will no longer engage with the US SEC in any formal or informal capacity until it reforms and replaces its leadership. Messari now regards the agency as a hostile opponent, competitor, and redundant federal regulator.

▫️ UniSat: (1) UniSat released the UniSat Swap product update and will launch the Swap function on the Bitcoin mainnet and Fractal Bitcoin. (2) The expansion solution Fractal Swap is expected to be launched in September and introduce an incentive mechanism.

▪️ The Celo Foundation launched the L2 testnet built on OP Stack, which is now online.

▫️ Justin Sun: A gas-free stablecoin transfer solution will be launched in Q4. No gas fees are required when transferring, and the fees are entirely borne by the stablecoin itself. It will be implemented first on the Tron blockchain and then support the EVM chain.

▪️ The Lido community initiated a proposal to "hire legal counsel to attend the Lido DAO class action lawsuit."

3️⃣ Financing dynamics:

▪️ Blockchain fintech company FreeBnk completed a $3 million financing, led by Founderheads.

▫️ Programmable derivatives protocol Plaza completed Pre-Seed round of financing, led by Anagram.

▪️ Web3 game points protocol XOOB completed $1.6 million in financing, with participation from Chromia and others.

4️⃣ Regulatory dynamics:

▫️ South Korea postponed the implementation of virtual asset tax regulations until 2025. The regulations will involve resident income tax, non-resident withholding tax, and gift tax on virtual assets.

▪️ The Central Bank of Nigeria accused Binance of conducting unauthorized transactions.