Compiled by: Luan Peng, ChainCatcher
“What important events happened this week (7.8-.14)?”
1. The suspect in the Trump shooting was shot dead, and a participant was shot dead at the rally
ChainCatcher reported that according to Cailian News, gunshots were heard at a campaign rally in Pennsylvania when former US President Trump gave a speech. According to reporters, the local prosecutor in Butler, Pennsylvania confirmed that the suspect had been shot dead and another rally participant was shot dead. The exact number of casualties is still uncertain.
Trump's campaign team said that after being examined by a local medical institution, Trump is now in a safe and stable condition. US media quoted law enforcement officials as saying that the shooting at the rally of former President Trump has been investigated and handled as an assassination case.
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2. Biden suspends all outings and will remove all TV campaign ads
ChainCatcher reported that according to NBC, Biden's campaign team announced that it would suspend all of Biden's upcoming outings and would remove all TV campaign ads as soon as possible.
In addition, Biden said: "Political violence is inappropriate. It seems that Trump is in good condition. I hope to contact Trump tonight."
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3. Matrixport: Korean exchange trading volume is closely related to Bitcoin annualized funding rate
According to ChainCatcher, Matrixport released a report stating that an analysis of Bitcoin’s performance in different time zones showed that in the past 30 days, most of Bitcoin’s decline occurred during the Asian trading session, accounting for -13% of the total decline of -15%. This trend may be due to the dominant influence of South Korean retail traders’ market activities during these periods.
South Korea stands out in particular when analyzing retail activity. Trading volume on South Korean exchanges is closely correlated with Bitcoin’s annualized funding rate, a key indicator for determining profitability and market movement for basis trades (spot vs. futures). South Korean traders have played a key role in driving the surge in the altcoin market. Due to the lack of futures markets for South Korean retail investors, their interest in altcoins has led to a large number of leverage opportunities.
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4. UK legal institutions: There is no need for legislation against DAOs at present
ChainCatcher news: According to Coindesk, the Law Commission of England and Wales stated that decentralized autonomous organizations (DAOs) do not currently require specific legislation because they appear to be subject to existing laws.
The independent statutory body wrote in a paper published Thursday that if a DAO engages in “specified activities” related to “specified investments,” it could fall under the Financial Services and Markets Act 2000. Governance tokens are considered specified investments when they look like shares, confer voting rights and are issued in exchange for an investment in a DAO.
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5. Deputy Governor of the Bank of Israel: The Bank of Israel will not decide whether to launch CBDC before the European Central Bank
According to ChainCatcher, Andrew Abir, deputy governor of the Bank of Israel, said in an interview with Reuters that the Bank of Israel will not decide whether to launch a central bank digital currency (CBDC) before the European Central Bank makes a decision.
Andrew Abir said: "We are all waiting for the first Western central bank to take action, which will almost certainly be the European Central Bank. Then you may see a wave of countries follow suit."
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6. Malaysia’s Deputy Minister of Energy: Illegal crypto miners have stolen $722 million worth of electricity in the past six years
ChainCatcher news: According to Protos, the Deputy Minister of Energy Transformation and Water Transformation of Malaysia stated that illegal crypto miners in Malaysia stole US$722 million worth of electricity between 2018 and 2023.
Akmal Nasrullah Mohd Nasir revealed the figure at a ceremony to process 2,022 seized items, including Bitcoin mining equipment, Malay Mail reported.
"Cryptocurrency miners steal electricity because there are no meters at their premises, so this behavior cannot be detected," said Akmal Nasrullah. "But energy supply companies have various methods to detect abnormal energy consumption in an area."
In addition, it claims that preventing cryptocurrency miners from stealing electricity is a top priority for the Malaysian government.
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7. FTX lawyers ask the court to dismiss Jump Trading’s $264 million damages claim
ChainCatcher reported that according to The Block, the FTX-Alameda bankruptcy court questioned Jump Trading subsidiary Tai Mo Shan's $264 million claim for a loan transaction for Alameda Research. FTX lawyers argued that the claim was invalid because they claimed that the loan had never started.
According to court documents, Jump Trading said it calculated the loss based on an options model that used SRM’s market price on the bankruptcy filing date, the token’s implied volatility, the price of the repayment option and other factors.
FTX's lawyers asked the court to dismiss the claim because, they said, Alameda Research never delivered the loan.
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8. The Russian Ministry of Finance’s draft considers cryptocurrencies as commodities
ChainCatcher news, according to BeInCrypto, the Ministry of Finance's draft involves two proposed laws that will regulate cryptocurrency mining and digital currency settlement under an experimental legal framework. The Ministry of Finance proposes to allow all foreign economic activities (FEA) participants to use digital assets for settlement under general regulations, which will require them to be regarded as monetary value.
As a pilot measure, the proposal allows only exchanges and platforms listed in the official register to trade cryptocurrencies, treating them as commodities. The document does not specify the criteria for classifying these investors. In essence, the ministry wants the authorities to approve all FEA participants for digital currency settlements.
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9. RootData: Competition for Binance List Tokens is heating up. It is expected that more than 30 large projects will conduct TGE in Q3.
According to ChainCatcher, Web3 asset data platform RootData released the "2024 Q2 Web3 Industry Investment Research Report", in which the Q3 TGE project list includes 30 star projects with large financing and high FDV, which are likely to be listed on Binance.
According to statistics on the investment portfolios of 288 investors, it was found that on average, the number of Binance Launchpool projects accounted for no more than 2% of their investment portfolios. Among the nearly 30 Binance Launchpool projects, 21 were invested by Binance Labs, accounting for more than 11% of its investment portfolio.
Due to Binance's trading depth and slippage advantages, as well as the competitiveness of its contract rates, Binance's highly competitive coin listing environment has a profound impact on the market. Project parties who choose to conduct TGE on Binance can effectively utilize its market advantages and platform resources, laying a good market foundation for the long-term development of the project.
(Source link)
10. XRP Healthcare, a healthcare platform based on blockchain XRPL, obtains trademark registration in the UAE
ChainCatcher reported that according to CoinGape, XRP Healthcare, a healthcare platform based on the blockchain XRPL, announced that it has obtained trademark registration in the UAE. Prior to this, the company planned to expand its business to the Middle East with Ripple.
The official XRP Healthcare website outlines a roadmap for operations through 2024. This includes $3 million in funding to support mergers and acquisitions (M&A), international healthcare partnerships, business, service and equipment upgrades (as mentioned above), with more in the pipeline.
It is reported that XRP Healthcare had earlier obtained trademark registrations in the UK and Uganda.
(Source link)
“What are some interesting articles worth reading this week (7.8-7.14)”
1. "In-depth | Web2 and Web3 developers flock to the TON ecosystem to find new growth, how to capture Telegram's 900 million users"
"More than 500 people registered for the event, and the event venue, which can accommodate about 200 people, was packed. The corridors were filled with participants, and many users even spontaneously organized branch venues on the grass outside the venue, in the nearby Starbucks and KFC. Users' fomo enthusiasm for the TON ecosystem seems to bring people back to the grand ICO on Ethereum in 2017." A crypto OG who returned from the TON Shenzhen Developer Event on June 22 described to ChainCatcher.
Not only users are paying attention to the development of the TON ecosystem, but many top crypto investment institutions have publicly expressed their optimism and have already laid out TON tokens. After Pantera Capital publicly announced that it would raise funds for a new fund to invest in more TON tokens, on June 30, the founder of Kingsway Capital disclosed that the largest token currently held by his institution is TON.
Ryan Barney, investment partner of Pantera Capital, explained the investment in TON by saying that 99.9% of blockchain projects are trying to create community technology from scratch, but this is a difficult road. Telegram has 900 million daily active users, which is conducive to TON's user acquisition.
Driven by popular mini-games such as Notcoin and Catizen, the "TG+TON ecosystem" has become the new mainstream narrative in the crypto market, and a large number of Web2 and Web3 developers have flocked to the TON ecosystem in search of new opportunities.
Vivi, head of Research at the TON Foundation, revealed in an interview with ChainCatcher that there are now more than 2,000 projects scheduled in the TON mini-program store.
2. "Why do most VCs only watch the hot TON ecosystem but not invest in it?"
Recently, Donald, the founding partner of FA agency D2 Capital, talked to no less than 60 VCs, and he found that none of them were not looking at the TON ecosystem. "Even if they started looking at it late, they started researching it three or four weeks ago."
But despite all the interest, not many actually invest. Most of the VCs Donald has contacted are still waiting and watching. Bruce Lan, managing partner of Bing Ventures, has scanned nearly 100 projects but has not yet made a move.
RootData shows that the number of financings for the TON ecosystem in the past six months is still in the single digit. In contrast, the Bitcoin ecosystem, which is as popular as TON, has received financing almost every week in the three months of its popularity.
The investment institutions interviewed by ChainCatcher all firmly believe that the TON ecosystem is different from any previous ecosystem or narrative and will not be a flash in the pan. However, in the TON ecosystem with ready-made traffic, the gameplay has also changed.
NotCoin, which is listed on Binance and OKX, did not seek VC financing; Catizen achieved $12 million in revenue without issuing any tokens. More than one investment institution said, "In the future, it is not necessary for all invested projects in the TON ecosystem to issue tokens."
If crypto VCs view the TON ecosystem purely based on the inertia of token investment, it may no longer work.
3. "How will the UK's encryption policy change if the Labour Party comes to power?"
On July 4, the dust settled on the British general election. The Labour Party won an overwhelming victory in the House of Commons election, winning 412 seats in the House of Commons, and party leader Starmer moved into 10 Downing Street. This was the most one-sided election victory in the history of the Labour Party, ending the Conservative Party's 14-year rule. This historic election result undoubtedly brought major changes to the British political landscape and left many suspense for domestic and foreign observers.
Former British Prime Minister Sunak once called for cryptocurrencies to be part of his policies, and when he was elected, he promised that the UK would embrace encryption technology and make the UK a "global cryptocurrency center." So will the new government continue with existing policies to promote innovation and growth in the encryption industry?
Currently, the Labour Party has remained tight-lipped about how the Starmer-led UK government will handle the regulation and growth of the industry, which makes the future of cryptocurrency, blockchain and related vertical industries in the field of digital assets full of uncertainty.
4. Trump was injured in a shooting at a Pennsylvania rally, and two people died at the scene.
Donald Trump has been reported as "safe" after being shot and injured at a rally in the swing state of Pennsylvania, an incident that left one spectator dead and two others injured.
After hearing the gunshots, the Republican presidential candidate crouched and was rushed off the stage by armed Secret Service agents, blood on his fist and on his right ear and cheek.
Trump posted on his Truth Social social media platform that he was hit by a bullet "in the upper right ear."
"It is not clear what happened to the shooter, he is dead," the former president said.
The U.S. Secret Service, which is responsible for protecting current and former presidents, said a suspected gunman fired multiple shots at the podium from a high point outside the rally venue at 6:15 p.m. local time.
5. "Cycle Capital: Analysis of the Selling Pressure on Repayment in Mentougou"
At present, only 1,545 tokens of Mentougou have been transferred to the exchange, and the rest are still in Mentougou's account. It can be considered that the actual selling pressure has not yet entered the market. When the BTC held by Mentougou is distributed to several exchange addresses on a large scale, it may cause a large panic drop, thus forming a plunge.
6. "Dialogue with He Yi: What are the criteria for Binance investment and listing? There is no truly powerful innovation in this bull market"
This article is a transcript of an interview on July 12. After a small amount of editing and GPT processing, there may be many errors. The interviewers include Wu Shuo, Planet Daily, Foresight, and Shenchao. The content of the interview is the personal opinion of the interviewee and does not represent the opinion of the media.
7. "With the arrival of the Federal Reserve's "invisible stimulus", the crypto market will benefit from liquidity"
What happens to net Fed liquidity in the third quarter of 2024?
8. "Quickly attracted 1 million fans, what is the origin of the black and white dog DOGS that went viral on Telegram?"
At a time when the TON ecosystem lacks a representative MEME, the viral black and white dog seems to have the potential to become a cultural symbol that relies on the rapid spread of Telegram.
9. "Surviving the "poor May and desperate June", these major positive factors will promote the reversal of the crypto market"
After enduring the "poor May and desperate June", the crypto market did not see the expected turnaround in July. On the contrary, negative events such as the German government's sell-off and Mt.Gox's repayment are fueling investor panic, and the decline in Bitcoin has led to a sharp drop in the crypto market across the board.
At a time when investor confidence has suffered a severe blow, the crypto market is believed to be turning around from the fourth quarter of 2024 due to the combination of multiple positive factors such as the FTX repayment plan of up to US$16 billion, rising expectations of interest rate cuts, and the results of the US election.
10. "An article reviewing the 18 projects of Polygon co-founder Sandeep: keen on sniping seed rounds, many of which are Polygon ecological projects"
Recently, the AI project Sentient, which has received huge amounts of financing simply by innovating the open AI vision and without launching any substantial products, has caused market controversy and made Sandeep Nailwal, one of the builders behind it, a hot topic.
Sandeep is the co-founder and executive chairman of Polygon Labs. At the end of May this year, he announced that he would also serve as chief business officer, responsible for overseeing strategies related to the solutions developed by Polygon. At the same time, he is also a very frequent angel investor.
According to statistics from Web3 asset data platform RootData, Sandeep has invested in about 124 crypto projects so far. In terms of project types, infrastructure, DeFi, CeFi, L1 and AI are more favored by Sandeep; in terms of financing rounds, the disclosed seed rounds and A rounds account for as high as 67.4%, and the valuation is usually between millions and tens of millions of dollars; in terms of operating status, 91.9% of the projects have been launched on the mainnet, and 7 projects have ceased operations.
This year, Sandeep has announced that he has participated in the construction/investment of 18 crypto projects. According to PANews, they are mainly AI, ZK, DID, DEX and infrastructure tracks, of which AI projects account for more than one-fifth. In terms of the number of investment institutions in the projects, the average number of investors is 18.9, with the highest number reaching 38. Institutions such as Polychain Capital, HashKey Capital, Sreeram Kannan, Animoca Brands and OKX Ventures have a higher chance of co-investing; in terms of investment rounds, 9 of these projects are mainly seed rounds, and many projects have already shown high valuations in the seed round stage, with the highest seed round financing amount reaching US$85 million, and the highest disclosed valuation reaching US$400 million. In addition, many of these projects are Polygon ecological projects or have certain cooperative relationships.
