1. Trump family-related crypto project World Liberty Financial will launch governance token WLFI
63% of WLFI tokens will be sold to the public, 17% for user rewards, and the remaining 20% for the team. The Trump family-related crypto project World Liberty Financial plans to provide cryptocurrency lending services on the Ethereum blockchain, similar to existing decentralized finance (DeFi) applications. The project token WLFI has no pre-sale, venture capital, and early purchases. Zak Folkman, head of project operations, emphasized that the WLFI token sale will be regulated by the U.S. Securities and Exchange Commission (SEC). All WLFI buyers will be subject to the same KYC standard review as U.S. cryptocurrency exchanges such as Coinbase and Kraken.
2. Binance: Did not acquire WazirX and is not responsible for the attack
The Binance blog stated that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in a loss of approximately $235 million in user funds, and WazirX has been unable to meet customer withdrawal requests to date. Nischal Shetty, the main owner of Zettai, claimed that Binance may be responsible in some way for the losses suffered by WazirX users and creditors due to the cyber attack. In response, Binance stated that this was wrong and any such statement was extremely misleading. It did not acquire WazirX. Although the two parties had signed a contract, the proposed transaction was never completed due to Zettai's failure to fulfill its obligations. Binance never owned, controlled or operated WazirX at any time, including before, during or after the alleged hacker attack.
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3. The actual circulation of UNI accounts for about 25.83% of the total
UNI was launched in September 2020, with 83% of the tokens (830 million) allocated to the team, investors, consultants and community treasury, with a 4-year unlocking period. According to analysis, of the 430 million UNI obtained by the community treasury, only 30.21 million entered the market. Of the 400 million UNI obtained by the team, investors and consultants, 58.16 million entered the market. The total amount of UNI entering the market from these two parts is about 88.37 million. The distribution of UNI tokens is as follows: LP staking rewards account for 2%, early user airdrops account for 15%, community treasury accounts for 43%, and team, investors and consultants account for 40%. Among them, the LP mining and airdrop parts (17%) were all circulated at the beginning of the launch.
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4. Arkham: Bhutan holds over $750 million worth of Bitcoin
Bhutan is the fourth largest government in terms of Bitcoin holdings on its platform, holding a total of 13,011 Bitcoins, worth approximately $780.49 million. Unlike most governments, Bhutan's Bitcoin does not come from asset seizures by law enforcement, but from Bitcoin mining operations. Mining operations have increased dramatically since the beginning of 2023. Bhutan is known to have built Bitcoin mining facilities in multiple locations, the largest of which is located at the site of the now-closed Education City project.
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5. A dispute arose over a virtual currency transaction, and a Hunan buyer sued but the case was dismissed
In the case, Zhou found his friend Dai, hoping to help him buy BZZ virtual currency (a type of encrypted virtual currency) for investment. Dai was entrusted by Zhou to buy BZZ virtual currency from Zheng and "send" the virtual currency to Zhou's imtoken wallet. But later, Zhou sued Zheng in court, demanding the return of 76,518 yuan of funds used to buy BZZ virtual currency and payment of capital occupation fees. The court ruled that virtual currency is not legally compensable, and related transactions are illegal financial activities and are not protected by law. The final judgment dismissed Zhou's lawsuit, and the second-instance court upheld the original judgment.
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