Arrangement: Fairy, ChainCatcher
Important Information:
Do Kwon's wife wins appeal against South Korea's decision to seize her property
Binance is looking to sell its majority stake in GoPax operator to Megazone
Market News: Zhao Changpeng may be released soon
Terraform Labs is considering selling four of its businesses to complete liquidation
Source: BlackRock may apply for SOL ETF in July
Bithumb will launch PolyMesh (POLYX) Korean Won trading pairs
BitMEX pleads guilty to Bank Secrecy Act violations for failing to effectively implement an anti-money laundering program
Golem Network: Launching an Ecosystem Fund of 40,000 ETH
What important events have occurred in the past 24 hours?
Do Kwon's wife wins appeal against South Korea's decision to seize her property
The wife of Do Kwon, the founder of Terraform Labs, the company behind the bankrupt stablecoin TerraUSD and cryptocurrency Luna, has won all appeals against the South Korean government’s decision to seize her real estate shares and rights to sell her apartment, The Korea Economic Times reported. The court ruled that the disputed assets were acquired in her personal name during her marriage to Do Kwon.
Binance is looking to sell its majority stake in GoPax operator to Megazone
According to IT Chosun, Binance is in last-minute talks with Megazone Cloud's parent company Megazone to sell its stake in Streami, the operator of South Korean crypto exchange Gopax, to reduce its 72.6% stake in Streami to 10%. People familiar with the matter said Binance is seeking to sell its stake to improve the governance structure required by financial authorities to fix the change report before renewing the real-name account contract with Jeonbuk Bank in August, and the deal will be completed by the end of this month.
Binance acquired a 72.26% stake in Gopax in February last year. Later, in March of the same year, Binance reported a change in its largest shareholder, but the South Korean financial authorities have not decided whether to accept Binance’s statement for the past year and three months.
An official from Megazone explained: “We are discussing various forms of collaboration, including acquisition of stakes, subject to government approval, however, no concrete decision has been made on the future process or timing.
Data: German government addresses transferred a total of 2,375 BTC to CEX and other addresses
According to Arkham data, the wallet address marked as "German Government" transferred a total of 2,375 BTC (about $138 million) to CEX and other addresses 8 minutes ago. Including:
375 BTC transferred to Coinbase;
375 BTC transferred to Bitstamp;
375 BTC transferred to Kraken;
Transferred 1,000 BTC to the suspected B2C2 Group;
Transfer 250 BTC to an unmarked address.
Market News: Zhao Changpeng may be released soon
According to market sources, former Binance CEO Changpeng Zhao will be released soon and return.
According to Protos, Zhao Changpeng has not been imprisoned due to the procedures of the criminal justice system and the protection of due process under the Fifth Amendment. According to the judgment signed by the judge, Zhao Changpeng "shall surrender and serve his sentence upon notification by the probation or pretrial services office." In early May, Zhao Changpeng was sentenced to four months in prison by the U.S. Federal Court in Seattle for violating U.S. anti-money laundering laws.
Tanzanian fintech startup Nala raises $40 million in Series A funding led by Acrew Capital
Tanzanian fintech startup Nala has raised $40 million in Series A funding to support its B2B payments platform called Rafiki. The oversubscribed round was led by San Francisco venture capital firm Acrew Capital, with participation from DST Global, Norrsken22, and HOF Capital.
Terraform Labs is considering selling four of its businesses to complete liquidation
Terraform Labs announced that it is actively selling its portfolio tracking platform Pulsar Finance, crypto wallet platform Station, no-code DAO management platform Enterprise, and its smart contract automation protocol Warp.
Terraform Labs said the sale was intended to "maximize value for creditors and other stakeholders" and was part of its "broader wind-down of its business pursuant to the terms of its settlement with the U.S. Securities and Exchange Commission."
Source: BlackRock may apply for SOL ETF in July
According to BITCOINLFG, sources said BlackRock may apply for SOL ETF in July.
Bithumb will launch PolyMesh (POLYX) Korean Won trading pairs
According to the official announcement, Bithumb will launch the PolyMesh (POLYX) Korean won trading pair at 17:00 on July 11, Korean time.
Bloomberg Senior ETF Analyst: Solana ETF may be approved by mid-March 2025 at the latest
Eric Balchunas, senior ETF analyst at Bloomberg, explained on social media platform X on Wednesday that it looks like the final deadline for the Solana ETF is mid-March 2025. But between now and then, the most important date is November. If Biden wins, these ETFs will likely be eliminated. If Trump wins, anything is possible.
Upbit will launch Galxe (GAL) Korean Won trading pairs
According to the official announcement, Upbit will launch the Galxe (GAL) Korean won trading pair.
Powell: I haven't spoken to Biden in two years, and I didn't notice any cognitive decline in him before
According to Jinshi Data, Federal Reserve Chairman Powell said that he did not see any signs of Biden's mental or cognitive decline during phone calls or talks with President Biden. Powell said that the last time they talked was more than two years ago.
Rep. Mike Lawler (D-Calif.) asked Powell if he had any private meetings with Biden since their public meeting in May 2022. Powell responded, "I haven't met with him yet. He has no plans to schedule a meeting with me, and of course, I have no plans to do so either." Powell noted that the Federal Reserve is an independent institution, which Biden has always respected.
Data: German government addresses may have sold $496 million in BTC in the past 16 hours
According to Spot On Chain, in the past 16 hours, the German government address may have sold up to $496 million worth of BTC, including:
10,853 BTC (about $637 million) were transferred out, with an average price of about $58,659;
Received 2,442 BTC (about $141 million), with an average price of about $57,560.
Currently, there are only 15,552 BTC (about $894 million) left in its address, which is about 31% of the original amount it seized from the pirated movie website Movie2k in January.
Trump to Speak at Bitcoin Conference This Month
According to official news, Trump will deliver a speech at the 2024 Bitcoin Conference, which will be held from July 25 to 27. A spokesman for the conference said Trump will deliver a 30-minute speech at 2 pm on the last day of the conference.
BitMEX pleads guilty to Bank Secrecy Act violations for failing to effectively implement an anti-money laundering program
According to an official statement from the U.S. Department of Justice, cryptocurrency exchange and derivatives trading platform BitMEX admitted on Wednesday to violating the Bank Secrecy Act, saying that BitMEX willfully failed to establish, implement and maintain an adequate anti-money laundering program. The law carries a maximum penalty of five years in prison and a fine, and the case has been assigned to U.S. District Judge John G. Koeltl.
“As BitMEX’s founder and longtime employee admitted in federal court in 2022, the company operated in the United States without any meaningful anti-money laundering program required by federal law,” said U.S. Attorney Damian Williams. “As a result, BitMEX became a vehicle for a massive money laundering and sanctions evasion scheme that posed a serious threat to the integrity of the financial system.”
Golem Network: Launching an Ecosystem Fund of 40,000 ETH
The open source computing platform Golem Network announced on social media that it is launching the Golem Ecosystem Fund. The main goal of the program is to accelerate the growth of the Golem network and its ecosystem by providing resources for developers, researchers, entrepreneurs and innovators.
The ecosystem fund is funded by 40,000 ETH in the Golem Treasury, and contributors will receive 75% of the rewards from this pool, which will be adjusted based on the performance of the program.
"What are the interesting articles worth reading in the past 24 hours?"
Animoca founder writes: When MOCA goes online, let’s talk about the significance of tokens again
We are often asked the question: What exactly is a token? Why does a project need a token?
Generally speaking, tokens are seen as a more efficient fundraising tool that allows equity holders to avoid dilution risk; on the other hand, tokens are also seen as practical tools that can be used in games and other virtual environments, similar to virtual currencies.
However, the functionality of tokens is not limited to these scenarios, in fact, it can have all of the above characteristics at the same time. In our view, tokens represent a new way to own a certain type of asset, which did not have a clear ownership structure before the emergence of tokens.
In summary, we view tokens as a new way to own some of the network effects.
Well-known KOL Ignas tells his story: How did I become famous?
I never thought about becoming a KOL. The word "KOL" sounds a bit cheesy.
There is a general negative sentiment towards influencers and the influencer economy as a whole. I understand why, the crypto world is full of scammers who sell and dump on their fans, ultimately causing harm to them.
But not all KOLs are scammers. Money is not my motivation for posting on Twitter, I originally posted just because I was bored during the 2022 bear market.
Now, I was bored again, so I asked on Twitter what to write next. The most popular ideas were sharing insights on becoming a KOL, how to grow your audience, and revealing some secrets of crypto KOLs and marketing. Since I already had 100k followers on Twitter, I thought it was a good opportunity to share something different.
Can $SEND based on Solana Blink replicate the glory of $DEGEN?
Two weeks ago, Solana’s Blink became popular.
We have introduced in detail in "Interpreting Solana Blink: One-click embedding of on-chain operations into social media, the end of going out of the circle is socialization?"
Blink allows you to embed on-chain functions directly on Twitter. With just one click on a tweet, you can complete various on-chain actions such as swap, mint, and donate.
But at that time, Blink only demonstrated the ability of "what I can do", and "how to do it specifically" was left open to the community and developers to explore.
Therefore, it is even more necessary for us to pay attention to new projects that work around Blink.
Speed is of the essence. Just a few days after Blink was released, an account named SEND (@thesendcoin) seemed to be fully prepared. It directly demonstrated 50+ use cases that can be done with Blink with detailed, vivid and real descriptions.
