Today's news tips:
Binance Launchpool to List Dogs (DOGS)
Kennedy Jr. considers dropping out of US presidential race and backing Trump
Binance founder CZ faces new class-action lawsuit in Seattle federal court
Terraform Labs bankruptcy reorganization hearing scheduled for September 19
"Black Myth: Wukong" sold over 4.5 million copies across all platforms, with sales exceeding 1.5 billion yuan
Mt.Gox transferred 12,000 BTC to an unknown address today and transferred 1,264.7 BTC to Bitstamp
Inferno Drainer’s attack tool stole 55.47 million DAI from a victim today through phishing
307 suspects who committed cross-border fraud by setting up a "virtual currency" investment platform in the Wa State area in northern Myanmar were handed over to us
Regulatory News
Brazil Approves Second Solana ETF
According to CoinDesk, the Brazilian Securities and Exchange Commission (CVM) has approved the second Solana ETF. According to the CVM database, the new Solana ETF is currently in the pre-operational stage and will be launched by Brazilian asset management company Hashdex in cooperation with local investment bank BTG Pactual. Hashdex manages more than $962 million in assets and has previously launched products such as the Nasdaq Crypto Index and Bitcoin and Ethereum ETFs. According to previous news, on August 8, the CVM approved the country's first Solana ETF, issued by Brazilian asset management company QR Asset.
Kennedy Jr. considers dropping out of US presidential race and backing Trump
According to Bitcoin Magazine, Nicole Shanahan, running mate of US presidential candidate Robert F. Kennedy Jr., said they were considering withdrawing from the presidential race and supporting Trump. Trump then said that if Kennedy Jr. supported him, he would be willing to consider appointing Kennedy Jr. to a government role. It is reported that both Kennedy Jr. and Trump support cryptocurrencies.
El Salvador plans to provide Bitcoin training and certification to 80,000 civil servants
The Salvadoran government has launched a Bitcoin certification program to provide Bitcoin-related training and certification to 80,000 civil servants. The training is hosted by the National Bitcoin Office (ONBTC) and aims to enhance civil servants' skills in Bitcoin strategic management and public policy. The course is 160 hours long and divided into seven modules, covering legal, technical and management knowledge related to Bitcoin as a legal currency. Stacy Herbert, director of ONBTC, said the move will have a long-term positive impact on El Salvador's Bitcoin economy.
Roman Ziemian, co-founder of crypto trading platform FutureNet, arrested in Montenegro for allegedly defrauding users of about $21 million
According to CoinDesk, Roman Ziemian, co-founder of the Polish digital currency trading platform FutureNet, was arrested in Montenegro on suspicion of defrauding users of about $21 million. Ziemian had previously escaped from house arrest in Italy and was wanted by Poland and South Korea. Interpol worked with Montenegrin authorities to find Ziemian, who was hiding under an alias, in a newly built residential area in Podgorica. Police said he was suspected of money laundering, theft and economic crimes, and had seized several pieces of technical equipment. Montenegro is also currently holding Terraform Labs co-founder Do Kwon, and South Korea and the United States are vying for his extradition.
307 suspects who committed cross-border fraud by setting up a "virtual currency" investment platform in the Wa State area in northern Myanmar were handed over to us
According to CCTV News, in order to completely eliminate telecommunications network fraud crimes in northern Myanmar, recently, under the command and deployment of the Ministry of Public Security, the Yunnan Provincial Public Security Bureau and relevant local law enforcement departments in Myanmar carried out border police law enforcement cooperation and successfully arrested 307 Chinese criminal suspects who committed cross-border telecommunications network fraud in the Wa State area in northern Myanmar, including 20 online fugitives, and seized a large number of mobile phones, computers and other tools used in the crime. After investigation, it was found that the gang was hiding in Wa State and induced victims to "buy low and sell high" virtual currency on the platform by setting up a virtual currency network investment platform to commit fraud.
At present, all the suspects and evidence involved in the case have been successfully handed over to us through the Menglian Port in Menglian County, Yunnan Province. At the same time, the public security organs of Yunnan Province have simultaneously launched a crackdown on 9 suspects in the same case within the country, and the case investigation is in full swing.
Binance founder CZ faces new class-action lawsuit in Seattle federal court
According to U.Today, former Binance CEO Changpeng Zhao (CZ) and Binance have been accused of being involved in a new class action lawsuit. The lawsuit was filed in the Seattle federal court, accusing Binance of laundering money for criminals through its platform, harming the interests of consumers. The plaintiff claimed that Binance, as a "cryptocurrency money laundering empire", allowed hackers, thieves and other criminals to launder illegal gains on the platform and make huge profits in this way. The lawsuit also accused Binance of violating the RICO Act by committing illegal extortion.
AI&NFT
Aptos Ecosystem NFT Platform Topaz Announces Suspension of Operations
According to the official announcement of Topaz, the NFT trading market on Aptos will officially cease operations on August 21, 2024. The Topaz team said that this decision was made after careful consideration and expressed sincere gratitude to all users, partners and the Aptos community.
Project News
Binance Launchpool to List Dogs (DOGS)
According to Binance's announcement, Binance will launch the 57th project on Launchpool - Dogs (DOGS), a Ton memecoin developed by the Telegram community. Users can obtain DOGS tokens by staking BNB and FDUSD starting at 08:00 (Beijing time) on August 23, and the event will last for three days. The page is expected to be launched 24 hours before the launch of Launchpool. Binance will launch DOGS at 20:00 (Beijing time) on August 26, and open DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading pairs, and DOGS will be marked as "Seed Tag".
In addition, according to the latest announcement released by the Telegram community, more than 8 million users have applied to deposit their $DOGS directly into exchanges and Telegram wallets. In order to ensure that users have enough time to complete the operation, the team decided to adjust the TGE (Token Generation Event) date again. The new schedule is as follows:
• Until 00:00 on August 24 (Beijing time), users can withdraw $DOGS to exchanges and Telegram wallets.
• Starting from 16:00 (GMT+8) on August 26, $DOGS can be withdrawn to non-custodial wallets.
• TGE and listing time are adjusted to 20:00 on August 26 (Beijing time).
The team said the adjustment was made to ensure that every user has enough time to choose the appropriate withdrawal option.
Babylon: There are still 2 days until the Bitcoin staking mainnet is launched, and the initial total staking limit for the first phase is 1,000 BTC
Bitcoin pledge protocol Babylon said on the X platform: "In just two days, the world's first self-hosted Bitcoin pledge mainnet will be officially launched." According to its announcement, Babylon Bitcoin pledge will be launched in three stages, namely the Bitcoin locking stage (Bitcoin holders initiate the pledge process by submitting Bitcoin pledge transactions to the Bitcoin blockchain), the Bitcoin pledge activation stage (a Babylon PoS chain will be launched to receive the cryptoeconomic security provided by the Bitcoin locked in the first stage), and the Bitcoin multi-pledge activation stage (the Babylon Bitcoin pledge protocol will evolve into a shared security market, enabling any PoS system to take advantage of Bitcoin pledge security).
In Phase 1, each stake is set to a maximum stake time (i.e. a timelock in the Bitcoin stake script) of 64,000 Bitcoin blocks, which is approximately equivalent to 15 months. This means that each stake will automatically expire and be withdrawn after reaching this time limit. However, stakers can unbind their stake on demand at any time before it expires. After unbinding, there will be an on-chain unbinding period of 1008 Bitcoin blocks (approximately 7 days and defined in the unbinding Bitcoin script), after which the stake will expire and be withdrawn. All transactions in Phase 1 are Bitcoin transactions, stakers do not need to sign other transactions or messages, and there will be no penalties for Bitcoin stakes in Phase 1. For security reasons, an initial total stake cap of 1,000 Bitcoin will be set. This cap will be gradually relaxed as Phase 1 progresses. In addition to the initial 1,000 Bitcoin total stake cap, each stake transaction also has a limit, minimum stake: 0.005 BTC, minimum stake: 0.005 BTC. In the first phase, since there is no active PoS chain, no direct staking rewards will be given. Instead, a points system will be used to measure the activity of each staker, which is tracked through the staker's public key.
Base: Basenames built on the open source ENS protocol is now live
According to the official announcement of Base, Basenames is now online, and users can obtain unique base.eth usernames as their on-chain identities in the Base ecosystem through Dutch auctions. The auction price will gradually decrease within 36 hours to ensure fair competition. Basenames is built on the open source ENS protocol and aims to simplify transactions, promote collaboration, and enhance on-chain connections between users. In addition, early Base Name Service (BNS) users will enjoy special discounts when registering.
Coinbase to List Across Protocol (ACX)
Coinbase Assets announced on the X platform that Coinbase will add support for Across Protocol (ACX) on the Ethereum network (ERC-20 token). If liquidity conditions are met, trading will begin at 00:00 on August 22, Beijing time. Once the supply of the asset is sufficient, the ACX-USD trading pair will be launched in stages.
Seif Wallet: Some users' private keys and passwords were accidentally sent to a third-party analysis platform. Users are advised to take immediate measures to protect their assets.
According to the official announcement of Seif Wallet, some users' private keys and passwords of Seif Wallet, the Sei Eco-wallet, were accidentally sent to a third-party analysis platform, but access was limited to authorized administrators within Seif. This was not an external hacker attack or data leakage incident, but a sensitive information collection problem caused by misconfiguration. Seif Wallet said that it has attached great importance to this incident and recommended that users take immediate measures to protect their assets. At the same time, it is working to delete all sensitive data and improve security protocols. This incident was discovered and reported by a white hat, and no malicious behavior was found on the third-party analysis platform.
According to Yu Xian, the founder of SlowMist, this incident is suspected to be similar to the previous incorrect use of Sentry to collect ultra-sensitive information that should not have been collected.
Offchain Labs announces Arbitrum technology roadmap: Stylus will launch Arbitrum One on September 3
According to the technical roadmap released by Offchain Labs, Arbitrum will launch a series of innovations to enhance the usability, interoperability and decentralization of blockchain. Core updates include Stylus, which supports multi-virtual machine environments, which will be launched on Arbitrum One on September 3, allowing developers to write smart contracts in languages compiled into WASM (such as Rust, C, C++) and achieve full interoperability between EVM and WASM. Arbitrum will launch the BoLD protocol in the second half of 2024 to achieve decentralized verification and enhance the ability to resist censorship through the Censorship Timeout function. The decentralized sorter, which is expected to be launched in 2025, will further decentralize the responsibility of transaction sorting. In terms of cross-chain interoperability and horizontal expansion, Arbitrum plans to introduce a fast withdrawal function in the third quarter of 2024 to accelerate communication between L2 and L3, and launch Chain Clusters in 2025 to reduce cross-chain communication time to near instant. In order to improve performance and efficiency, Arbitrum will launch multi-client support and adaptive pricing in the first half of 2025 to optimize block production speed and resource usage. In addition, Arbitrum will explore a hybrid verification mechanism that combines zero-knowledge proof (ZK) with optimistic proof to speed up on-chain confirmation.
ZachXBT: 55.47 million DAI was stolen from a victim a few hours ago
According to ZachXBT, about 55.47 million DAI were stolen from a victim three hours ago. The relevant transaction hash is [0xf70042bf3ae7c22f0680f8afa078c38989ed475dfbe5c8d8f30a50d4d2f45dc4](https://etherscan.io/tx/0xf70042bf3ae7c22f0680f8afa078c38989ed475dfbe5c8d8f30a50d4d2f45dc4), and the theft address is 0x5D4b2A02c59197eB2cAe95A6Df9fE27af60459d4.
According to PeckShieldAlert, scammers interacted with an address marked as InfernoDrainer and have exchanged about $27.4 million in DAI for about 10,820 ETH. SlowMist Cosine said: This morning, 55.47 million DAI was stolen by hackers through a phishing attack tool called Inferno Drainer.
Binance will launch spot trading pairs such as AAVE/FDUSD and DOGE/JPY
Binance will launch AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY and TON/USDC spot trading pairs at 16:00 (ET) on August 22, 2024, aiming to provide users with more trading options and enhance the trading experience. In addition, Binance will open trading robot services for the following trading pairs at the same time:
- Spot Grid and Spot DCA (Dollar Dollar Averaging): BANANA/USDT, BTC/EUR, BTC/TRY, LISTA/USDT, TAO/USDT, TON/USDT
- Intelligent storage: BANANA/USDT, LISTA/USDT, TAO/USDT, TON/USDT
- Spot algorithmic orders: AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, TON/USDC
Zenrock plans to launch decentralized custody service and wrapped Bitcoin zenBTC
According to CoinDesk, security concerns in the decentralized finance (DeFi) sector have been hindering its widespread adoption. In response to this problem, Zenrock plans to launch a decentralized custody service to alleviate user concerns. Zenrock was reorganized after Qredo was acquired by 10T Holdings and 1RoundTable Partners. It aims to decentralize private key management through decentralized multi-party computing (MPC) wallets to avoid single point failure risks. Zenrock is currently in the testnet stage and plans to officially launch this year. The company also announced the launch of a decentralized Bitcoin token, zenBTC.
Terraform Labs bankruptcy reorganization hearing scheduled for September 19
According to Terra's announcement, court documents show that the plan confirmation hearing for the Chapter 11 bankruptcy reorganization case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been scheduled for 10:00 a.m. Eastern Time (10:00 p.m. Beijing Time) on September 19, 2024 in Delaware. The hearing will be presided over by U.S. Bankruptcy Court Judge Brendan L. Shannon to review and confirm the proposed bankruptcy liquidation plan.
Binance will remove ARKM/TUSD, CHZ/EUR and other spot trading pairs on August 23
Binance will remove and stop trading of the following spot trading pairs at 11:00 (ET) on August 23, 2024: ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB, SUPER/FDUSD.
Kresko: The project is about to close, and users need to withdraw or migrate assets before September 10
Synthetic asset platform Kresko announced in the official X account that the project is about to close. The announcement said: "This is an extremely difficult decision, especially after years of investment and hard work. Our founder has been facing serious health issues, which have recently worsened. After careful consideration and exploring various alternatives, we believe this is the best course of action."
The next step for the platform is that users need to withdraw or migrate their assets before September 10, 2024. The Cento application will be closed on September 10, 2024, Discord support will be available until September 20, 2024, and withdrawals after September 20, 2024 will need to be made using the Kopio front-end. The announcement reminds users to take appropriate actions as soon as possible to ensure the safety of their assets.
Tether plans to launch stablecoin pegged to UAE dirham
According to The Block, stablecoin issuer Tether plans to launch a new stablecoin pegged to the UAE dirham in partnership with Phoenix Group and Green Acorn Investments. According to a press release, the token will "take the lead in seeking a license under the Payment Token Services Regulations recently announced by the UAE Central Bank". Tether said that a stablecoin pegged to the dirham will provide users with a more cost-effective and transparent way to obtain currency and hedge against currency fluctuations. Tether CEO Paolo Ardoino said: "We are pleased to announce this plan to develop a Tether stablecoin pegged to the dirham, thereby expanding our stablecoin selection."
Dumpy.fun's new platform Squeezy.lol will be officially launched on August 27
According to DLNews, Solana protocol Dumpy.fun launched a new platform Squeezy.lol, aiming to reverse its original intention of shorting memecoin. Squeezy.lol will allow users to conduct reverse transactions, which may trigger a short squeeze on high short positions of memecoin. Dumpy.fun has entered public testing from the private beta stage, and users can start shorting memecoin on the platform, and Squeezy.lol will be officially launched on August 27. This move may change the PvP nature of memecoin trading, similar to the short squeeze of the GameStop incident in 2021.
Financing News
Crypto startup Sorella Labs completes $7.5 million seed round led by Paradigm
According to The Block, Sorella Labs, a crypto startup that aims to solve the Ethereum MEV problem, has completed a $7.5 million seed round of financing, led by Paradigm, with participation from Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent. It is reported that Sorella Labs is developing tools to solve the maximum extractable value (MEV) problem of Ethereum. To curb MEV attacks, Sorella Labs is developing two tools, Brontes and Angstrom. Brontes has been launched today, and Angstrom is expected to be released after Uniswap V4 goes online on the mainnet later this year.
Bitcoin Ecosystem Income Network Corn Completes $6.7 Million in Funding, Polychain Leads Investment, Binance Labs and Others Participate
According to Cointelegraph, Bitcoin ecosystem income network Corn has completed US$6.7 million in financing, led by Polychain Capital, with participation from Binance Labs, Framework Ventures, HTX Ventures and Relayer Capital. The project aims to enhance the practicality of Bitcoin and introduce new income-generating opportunities.
Corn is a new Ethereum L2 network that uses a tokenized Bitcoin as the network's gas fee and economic incentives, codenamed BTCN. Corn went live on August 19, and unlike most yield-generating protocols, Corn launched without a fixed yield. The yield percentage will mainly depend on the growth of the ecosystem and the number of protocol participants achieved through Corn's flywheel mechanism.
YeagerAI, the developer of decentralized AI network GenLayer, completes $7.5 million seed round
According to The Block, YeagerAI, the development company behind the decentralized artificial intelligence network GenLayer, has completed a $7.5 million seed round of financing, led by North Island Ventures, with participation from venture capitalists such as Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, Arthur Hayes' family office Maelstrom, and several angel investors.
Important data
12,000 BTC transferred out of Mt.Gox address, worth about $709 million
According to Arkham data, at 7:39 Beijing time, the Mt.Gox address (starting with 1MUQEi) transferred about 12,000 BTC to another address (starting with 1PuQBj), worth about US$709 million.
Later in the day, news came out that Mt.Gox transferred 1,264.7 BTC to Bitstamp, equivalent to approximately $75.36 million.
"Black Myth: Wukong" sold over 4.5 million copies across all platforms, with sales exceeding 1.5 billion yuan
According to Cailianshe, according to the statistics of the domestic game best-selling list, as of now, "Black Myth: Wukong" has sold more than 3 million copies on Steam. Together with Wegame, Epic and PS platforms, the total sales volume has exceeded 4.5 million copies, with total sales exceeding 1.5 billion yuan. Currently, the game's Steam positive review rate remains at 95%+, of which Chinese reviews account for about 90%.
Blast’s TVL is down 62% from its all-time high, and its daily active users are at their lowest level in six months
According to NFT Gators, the total locked value (TVL) of the Blast network has fallen by more than 60% since its record high of $2.3 billion in early June, and has fallen to $785 million as of August 5, the lowest level in six months. In addition, data from growthepie shows that on August 18, the number of daily users of Blast fell to 27,800, the lowest level since the launch of the Blast network in late February.
Galaxy Digital withdrew 380 Bitcoins from Binance again 2 hours ago
According to @ai_9684xtpa monitoring, asset management company Galaxy Digital withdrew 380 bitcoins from Binance two hours ago, worth about $22.58 million. In the past two days, Galaxy Digital is suspected of increasing its holdings by a total of 1,380 bitcoins (about $82.59 million), with an average opening price of $59,852. It is worth noting that the institution's large position at the end of July led to a loss of nearly $25 million.
Bitcoin spot ETF had a total net inflow of US$88.06 million yesterday, continuing its net inflow for 4 consecutive days
According to SoSoValue data, yesterday (August 20, Eastern Time), the total net inflow of Bitcoin spot ETFs was $88.0606 million. Yesterday, the Grayscale ETF GBTC had a net outflow of $12.8124 million, and the current historical net outflow of GBTC is $19.659 billion. The Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $0.00 per day, and the current total net inflow of Grayscale Bitcoin Mini Trust BTC is $288 million. The Bitcoin spot ETF with the largest net inflow on a single day yesterday was BlackRock ETF IBIT, with a net inflow of $55.432 million per day, and the current total net inflow of IBIT is $20.536 billion. The second largest ETF is ARKB from Ark Invest and 21Shares, with a daily net inflow of US$51.9137 million. Currently, ARKB's total historical net inflow has reached US$2.498 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$54.247 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 4.63%, and the historical cumulative net inflow has reached US$17.52 billion.
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