Today's news tips:
1. Crypto payment company BCB Group was reportedly investigated by the UK Financial Conduct Authority
2. Eigen Foundation: The first reward claim for programmatic incentives v1 will be open on October 15
3. Data: Binance still ranks first in market share, Bitget ranks fourth with a market share of 11%.
4. The US September non-farm payrolls report will be released at 20:30 tonight
5. The US SEC supports the US Supreme Court's approval of a class action lawsuit accusing Nvidia of concealing cryptocurrency mining revenue
6. CryptoPunk 1563 sold for nearly $56.3 million, a record high
7. Decentralized credit rating platform Synnax completes a new round of strategic financing, with Wintermute Ventures and TON Ventures participating
8. Web3 game studio Moonray Studio raised $8.25 million in two rounds of financing
Regulatory News
Crypto Payments Firm BCB Group Reportedly Subject of Investigation by UK Financial Conduct Authority
Crypto payments company BCB Group was the subject of a now-ended investigation by the U.K. financial services regulator, CoinDesk reported, citing two people familiar with the matter. The two people requested anonymity because the matter is private. The U.K. Financial Conduct Authority (FCA) issued a so-called s166 notice to BCB late last year. The investigation has now concluded, and according to a source close to BCB, the findings are positive for the company. In addition, a third person familiar with the matter added that BCB is in constructive talks with the regulator to discuss expanding the scope of its license.
US SEC supports US Supreme Court's approval of class action lawsuit accusing Nvidia of concealing cryptocurrency mining revenue
According to Cointelegraph, the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) told the U.S. Supreme Court that a class action lawsuit by investors accusing Nvidia of misrepresenting its sales to crypto miners should be approved.
The investor group attempted to sue Nvidia in 2018, alleging it concealed more than $1 billion in GPU sales to crypto miners. The group claimed that Nvidia CEO Jensen Huang downplayed the company's sales to the industry.
Project News
Eigen Foundation: First rewards claim for Programmatic Incentives v1 will be open on October 15
The Eigen Foundation announced on X that the first reward claim date for programmatic incentives v1 has been postponed by one week to October 15, 2024 to ensure that only eligible non-investor EIGEN pledgers and qualified operators can receive programmatic rewards for their activities before transferability (i.e. the period ending September 30, 2024).
CryptoPunk 1563 sold for nearly $56.3 million, a record high
CryptoPunks Bot data shows that a CryptoPunk NFT "1563" was sold today for a record price of 24,000 ETH (worth nearly US$56.3 million). The previous highest price was US$23.7 million in February 2022.
Chainalysis CEO Michael Gronager leaves leadership role after 10 years
Michael Gronager, co-founder and CEO of blockchain analysis firm Chainalysis, has stepped down from his leadership role after a decade at the firm.
Mark Cuban: Still like DOGE, but every Memecoin is a potential scam
Billionaire Mark Cuban said in a recent interview that every meme coin is a potential scam, but thatâs what makes them fun. Because other than fun, thereâs no real reason for it to continue to exist.
Director Cullen Hoback Says HBO Documentary Will Reveal Bitcoin Founder Satoshi
Documentary director Cullen Hoback and HBO recently announced the premiere of their upcoming film, âMoney Electric: The Bitcoin Mystery,â and hinted that the true identity of Bitcoin creator Satoshi Nakamoto may finally be revealed.
It is reported that (Money Electric: The Bitcoin Mystery) will be broadcast on HBO on October 8. The film interviews people who claim to have been in close contact with the founder of Bitcoin after its release. It indicates that Satoshi Nakamoto may not be one person, but a group of people. However, the trailer does not provide enough information to reveal the identity of Satoshi Nakamoto. The rumors that Satoshi Nakamoto's identity has been exposed may just be hype for the movie.
Bloomberg: PayPal completes first commercial transaction using its PYUSD stablecoin
PayPal has completed its first commercial transaction using its PYUSD stablecoin, according to Bloomberg. The Silicon Valley-based digital payments company said it paid an invoice to multinational accounting firm EY for an unknown amount, and the funds were deposited into the accounting firmâs Coinbase account.
Financing News
Web3 game studio Moonray Studio raises $8.25 million in two rounds of funding
Web3 multiplayer battle arena game development studio Moonray Studio announced that it has raised $8.25 million in two rounds of financing, with participation from Animoca Brands, Polygon Ventures and Cardano. Moonray uses blockchain technology to enhance the gaming experience through asset ownership, customizable NFTs and token rewards. The new funds are intended to be used to launch a mobile version of the Autobattler game in the first quarter of next year.
Decentralized credit rating platform Synnax completes a new round of strategic financing, with Wintermute Ventures and TON Ventures participating
Wintermute Ventures announced on the X platform that it and TON Ventures will make a strategic investment in the decentralized credit rating platform Synnax. As of now, Synnax's total financing amount has reached 1.55 million US dollars.
Important data
Data: Binance still ranks first in market share, Bitget ranks fourth with 11% market share
According to the CCData report, the volume of derivatives and spot trading on centralized exchanges fell by 17% in September. Binance is still the largest exchange with a market share of 36.59%, but its spot trading fell by nearly 23% from August, bringing its spot market share down to 27%. OKX ranked second with a market share of 14.1%. Bybit ranked third with a share of 13.57%, and Bitget ranked fourth with a market share of 11%.
ARKB Bitcoin ETF had a net outflow of US$58 million yesterday, marking the fourth consecutive day of net outflow
According to Farside Investors data, ARKB Bitcoin ETF had a net outflow of US$58 million yesterday, marking four consecutive days of net outflow. Grayscale GBTC had a net outflow of 0 yesterday. In addition, Grayscale Ethereum ETF ETHE had a net outflow of US$14.7 million yesterday.
If Bitcoin rebounds above $62,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.128 billion
According to coinglass data, if Bitcoin breaks through $62,000, the cumulative short order liquidation strength of mainstream CEX will reach 1.128 billion; conversely, if Bitcoin falls below $60,000, the cumulative long order liquidation strength of mainstream CEX will reach 454 million.
Bitcoin spot ETF had a total net outflow of US$54.133 million yesterday, and the ETF net asset ratio reached 4.69%
According to SoSoValue data, yesterday (October 3, Eastern Time), the total net outflow of Bitcoin spot ETFs was $54.133 million. Yesterday, the Grayscale ETF GBTC had a daily net outflow of $0.00, and the current historical net outflow of GBTC is $20.124 billion.
Ethereum spot ETF had a total net outflow of $3.1955 million yesterday, and the ETF net asset ratio reached 2.28%
According to SoSoValue data, yesterday (October 3, Eastern Time), the total net outflow of Ethereum spot ETFs was $3.1955 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a single-day net outflow of $14.6906 million, and the current historical net outflow of ETHE is $2.954 billion.
