Today's news tips:
1. Iran launches missiles at Israel
2. In the past 24 hours, the total network contract liquidation was about 522 million US dollars, and the long position liquidation was 450 million US dollars
3. Asset management company Bitwise applies for XRP spot ETF
4. Bitcoin miners’ revenue in September was about $815.7 million in U.S. dollars, the lowest since the beginning of this year
5. Report: More than 80% of early-stage startups that raised funds in 2022 are still active today
6. Binance confirms access restrictions for sanctioned Russian users
7. Japan plans to evaluate cryptocurrency regulations, which is expected to create conditions for the launch of cryptocurrency ETFs
8.Upbit will launch Wormhole (W) Korean Won, BTC, USDT trading pairs
Regulatory News
White House: Iran is preparing to launch ballistic missile attack on Israel
According to Jinshi Data, the White House said on Tuesday that there are signs that Iran is preparing to launch ballistic missiles at Israel immediately. A senior White House official said that the United States is actively supporting Israel's defense preparations to prevent attacks and warned that a direct military attack from Iran would have serious consequences.
Japan plans to review cryptocurrency regulations, hoping to create conditions for the launch of cryptocurrency ETFs
According to Jinshi, Japan plans to evaluate the effectiveness of its cryptocurrency regulations. The review will be conducted in the next few months and may pave the way for the country to launch a cryptocurrency exchange-traded fund (ETF). An official from the Financial Services Agency (FSA) of Japan said that the review will measure whether the country's current approach to cryptocurrency regulation under the (Payment Services Act) (PSA) is sufficient. The PSA was originally enacted in 2009, and Japanese lawmakers have revised the PSA several times to respond to changes in the financial services landscape triggered by the emergence of digital currencies. The bill recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires cryptocurrency exchanges to register and comply with the country's anti-money laundering (AML) and counter-terrorism financing (CFT) obligations.
Project News
Binance confirms access restrictions for sanctioned Russian users
According to Bitcoin.com, Binance said it has complied with international sanctions and restricted access to its platform for sanctioned Russian individuals and entities. Binance stressed that compliance is its top priority and said it is re-evaluating its business operations in Russia. Although the platform provides limited services to existing Russian users to ensure the security of their digital assets, Binance strictly abides by global sanctions rules and denies sanctioned users access to its platform.
Asset Management Company Bitwise Applies for XRP Spot ETF
Asset management company Bitwise has filed an application for a spot XRP exchange-traded fund (ETF) in Delaware. The filing shows that an entity called Bitwise XRP ETF was officially registered with the Delaware Division of Corporations on Monday. CSC Delaware Trust Company is listed as the registered agent. The move represents an early stage in the process of potentially listing and trading an ETF pegged to XRP.
While the filing indicates progress, it does not mean an immediate filing with the U.S. Securities and Exchange Commission (SEC). Currently, the regulator has not approved any XRP spot ETF, and any upcoming filing could face hurdles. Bitwise’s filing comes amid Ripple Labs’ ongoing legal challenge with the SEC over XRP’s classification. The SEC has until October 7 to appeal District Judge Analisa Torres’ ruling on programmatic sales of XRP.
Bithumb to List EIGEN in Korean Won Market
According to the official announcement, South Korean crypto exchange Bithumb has added support for the EIGEN Korean won market, and the relevant trading pairs will be launched at 17:00 (UTC+8) on October 2.
Upbit will launch Wormhole (W) trading pairs for KRW, BTC, and USDT
According to the official announcement, South Korean cryptocurrency exchange Upbit will launch Wormhole (W) Korean won, BTC, and USDT trading pairs.
Binance will remove ACE/FDUSD, FIL/BNB, OP/BNB, TRB/FDUSD spot trading pairs
According to Binance's official announcement, based on the recent review results, Binance will remove the following spot trading pairs and stop trading at 11:00 on October 4 (Eastern Time 8): ACE/FDUSD, FIL/BNB, OP/BNB, TRB/FDUSD.
Jupiter: Voting for the 215 million unallocated JUP proposal ends, ASR plan will be extended for another year
Jupiter said on the X platform: The voting for the Active Staking Rewards (ASR) program has ended. The ASR will be extended for another year and end on September 30, 2025. The remaining 15 million JUP will be returned to the community multi-signature. This vote also ended the ASR rewards for this quarter. The new DAO page and ASR claim will be launched within two weeks.
Earlier news, Jupiter Co-founder Meow released a draft proposal to deal with 215 million unallocated JUP tokens. The proposal put forward three options: 1) Use the tokens for the Active Staking Rewards (ASR) program in the next year; 2) Destroy the tokens; 3) Return the tokens to the community multi-signature wallet.
Upbit will launch Wormhole (W) trading pairs for KRW, BTC, and USDT
According to the official announcement, South Korean cryptocurrency exchange Upbit will launch Wormhole (W) Korean won, BTC, and USDT trading pairs.
Important data
Bitcoin spot ETF had a net outflow of $243 million yesterday, the first net outflow after net inflows in the past 8 days
Ethereum spot ETF had a net outflow of US$48.519 million yesterday, and the ETF net asset ratio reached 2.31%
A whale who participated in Ethereum ICO transferred 6,000 ETH to Kraken 20 minutes ago, worth about $14.71 million
According to on-chain analyst Ember, the whale who obtained 150,000 ETH through IC0 transferred another 6,000 ETH (US$14.71 million) to Kraken 20 minutes ago. He has sold 30,000 ETH (US$77.4 million) in the past week. So far, he has sold 45,000 ETH (US$113.88 million) of the 150,000 ETH he obtained through IC0.
Dormant Bitcoin Wallets Moved $257 Million in BTC in September
According to News.bitcoin, dormant Bitcoin addresses created between 2009 and 2017 moved a total of 4,066.81 BTC in September. At current values, these once-dormant Bitcoins are worth about $257 million. A total of 70 transactions moved 4,066.81 BTC in September. The top of the list was a wallet from 2016, which recorded 12 transactions and a total of 1,883.46 BTC. The largest of these was a large transfer of 1,350.27 BTC on September 4. The second-largest was an address created in 2013, which moved a total of 722.87 BTC.
In the past 24 hours, the total network contract liquidation was about 522 million US dollars, and the long position liquidation was 450 million US dollars
According to Coinglass data, the cryptocurrency market had a total of $522 million in liquidation in the past 24 hours, including $450 million in long positions and $72.7049 million in short positions. The liquidation amount of BTC was $139 million and that of ETH was $109 million.
Bitcoin miners’ revenue in September was about $815.7 million in U.S. dollars, the lowest so far this year.
According to data from The Block, Bitcoin miners’ revenue in September was approximately $815.7 million in US dollars, the lowest point so far this year, down $35.66 million from August, a month-on-month decrease of 4.18%. Of this, $801.84 million came from block rewards and $13.86 million came from handling fees.
Report: More than 80% of early-stage startups that raised funds in 2022 are still active today
According to Cointelegraph, according to the latest report from venture capital firm Lattice Fund, more than 80% of early-stage startups that raised funds in 2022 are still active today. Lattice Fund analysts found that of the more than 1,200 crypto startups that raised $5 billion in funding in 2022, 76% successfully launched products on the mainnet, while 18.5% were no longer active or decided to close. Eigenlayer is the most successful startup in raising funds in 2022. Eigenlayer successfully executed its launch strategy and delivered products worth billions of dollars by 2023, which is a rare story among startups in 2022.
Only 1.5% of startups successfully found what Lattice calls "product-market fit" (PMF), and only 12% of projects successfully obtained additional rounds of funding. Infrastructure and centralized finance (CeFi) proved to be the most successful investment areas, with 80% of CeFi and 78% of infrastructure projects launching products on mainnet. Meanwhile, games and the metaverse proved to be more hype than substance, with the highest failure rates of all sectors.
