Compiled by: Luan Peng ChainCatcher
Important Information:
ELabs accuses Aethir of arbitrarily modifying the lock-up rules and deceiving node users
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is approximately HK$94.85 million
Vitalik's EIP-7732 proposal aims to increase Ethereum's speed
Nigeria plans to establish AI and blockchain research centers across the country
Report: Mt.Gox bankruptcy redemption has a greater impact on BCH, and the selling pressure on BCH will be four times greater than that of BTC
The families of two Chinese who were kidnapped and killed in the Philippines were asked to pay a ransom of 15 million USDT
The X account suspected to be Fan Bingbing has deleted the relevant tweets about "personal comic IP project"
Data: Nvidia CEO Huang Renxun sold about $169 million of company stock in June, the largest monthly reduction
“What important events have occurred in the past 24 hours?”
ELabs accuses Aethir of arbitrarily modifying the lock-up rules and deceiving node users
ELabs, the Asia-Pacific growth accelerator, released an apology statement on the X platform regarding the Aethir project. The statement expressed that it was well aware that the Aethir project had a lot of financing and a strong background. After a month of private communication without results, it asked Aethir to give users more rights and interests. It was not until the problem was resolved that it was made public. The following are the main points of the statement:
1. Before the investment, they promised a 4-month payback period, but after the investment, they changed the rules to a 4-year payback period. Can Aethir really survive for more than 4 years?
2. Question: OKX’s first new coin ATH, why is it not on the new coin list?
Issue coins, sell nodes, sell physical mining machines, arbitrarily modify rules, all investment users lose money Financing (9 million US dollars) + nodes (94.5 million US dollars) + mining machines (6 million US dollars) + coin issuance + Web2 income
Deceiving node users and arbitrarily modifying token rules. We are fully aware that we have failed to benefit the investors who trusted us, and this is the most painful part for us.
Playing word games, the money in the airdrop shares became very small when it was officially launched. As a cooperative institution, we did not charge any marketing fees, but instead lost 500,000 yuan to purchase nodes.
Fighting for user rights and interests, being threatened. When discussing the compensation plan, we suggested airdrop compensation to Chinese node users and reward bloggers who participated in the publicity, but Aethir threatened to discredit us on the official Twitter.
Airdrop results for ATH
1. The airdrop ratio strategy and market performance disappointed the node holders, causing node users to suffer.
2. Before TGE, we didn’t know the change in the airdrop ratio. After TGE, it will take node users four years to get their money back.
3. Simple task interactions can get airdrops, but the number of node users is 0, and only 30u was given after much effort.
4. Aethir thinks we are being unreasonable, and some bloggers accuse us of colluding with the project party to make money.
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is approximately HK$94.85 million
Hong Kong stock market data shows that as of the close, the trading volume of today's 6 Hong Kong virtual asset ETFs was approximately HK$94.85 million, of which: Hua Xia Bitcoin ETF (3042.HK) had a trading volume of HK$65.2633 million; Hua Xia Ethereum ETF (3046.HK) had a trading volume of HK$4.6 million; Harvest Bitcoin ETF (3439.HK) had a trading volume of HK$10.1554 million; Harvest Ethereum ETF (3179.HK) had a trading volume of HK$5.3444 million; Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HK$4.091 million; Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HK$5.3977 million.
Vitalik's EIP-7732 proposal aims to increase Ethereum's speed
Ethereum developers have introduced a new Ethereum Improvement Proposal (EIP), EIP-7732, which aims to overhaul the block verification process and speed up the blockchain.
The proposal makes significant changes to block validation, improving the security and performance of the blockchain by splitting the process into consensus and execution.
EIP-7732 responds to the growing need for efficiency on the Ethereum blockchain and follows Ethereum co-founder Vitalik Buterin’s push for faster transaction confirmation times. A core element of EIP-7732 is its established proposer-builder separation (EPBS), which is the process of splitting block creation into consensus proposers and execution proposers.
Nigeria plans to establish AI and blockchain research centers across the country
According to Cointelegraph, the Nigerian government, through the National Information Technology Development Agency (NITDA), has announced plans to establish research centers in six geopolitical regions of the country, focusing on key areas including the Internet of Things, blockchain technology, unmanned aerial vehicles (UAVs), additive manufacturing, artificial intelligence and robotics.
In addition to funding research, NITDA aims to support Nigerian startups in developing products using these emerging technologies. The agency plans to create innovation sandboxes to help startups develop use cases, build businesses, and bring products to market.
Report: Mt.Gox bankruptcy redemption has a greater impact on BCH, and the selling pressure on BCH will be four times greater than that of BTC
According to CoinDesk, Peter Chung, head of research at Presto Labs, wrote in a report that concerns that selling pressure from Mt. Gox bankruptcy redemptions will cause Bitcoin prices to fall are unfounded, but this could be a bearish situation for Bitcoin Cash (BCH).
“Our analysis shows that BCH’s selling pressure will be four times greater than BTC’s: 24% of BCH’s daily volume vs. 6% of BTC’s daily volume,” the report reads, noting that BCH’s daily volume is one-fiftieth of BTC’s.
Chung said in an interview that the sell-off of BTC is expected to be limited because anyone who wants to exit can sell their claims in the bankruptcy claims market. Over the past decade, due to active bidding by claims funds, weak creditors have had many opportunities to exit, so it is safe to assume that the current group of creditors is composed of staunch bulls holding BTC. Traders will treat BCH "as an airdrop" and sell it immediately because the fork of BCH occurred three years after the bankruptcy of Mt. Gox. Unless there is funding rate risk, a long BTC perpetual contract paired with a short BCH perpetual contract is the most effective market-neutral way to express this view. Those who want to lock in funding rates can explore other methods, such as shorting short-term futures or borrowing BCH in the spot market.
The families of two Chinese who were kidnapped and killed in the Philippines were asked to pay a ransom of 15 million USDT
According to The Paper, two Chinese were kidnapped and killed in the Philippines recently. Police from three countries have intervened in the investigation. The families are still waiting for the autopsy results and the progress of the investigation. The media learned from multiple sources that the two victims were engaged in the medical device industry and belonged to different companies. One of them was a Chinese citizen and the other was a Chinese American. They were kidnapped after arriving in the Philippines and were found dead on June 24.
Ms. Yang, a relative of Chinese American Sun, said that the kidnappers had asked her to raise 15 million yuan and convert it into USDT virtual currency and transfer it to a designated account. Her family did not pay the ransom. The family of Xia also received a similar call asking for money and paid a ransom of 3 million yuan.
The X account suspected to be Fan Bingbing has deleted the relevant tweets about "personal comic IP project"
After checking, it was found that the X account suspected to be the famous actress Fan Bingbing had deleted the relevant tweets about the "personal comic IP project".
According to previous news, an account suspected to be Fan Bingbing X announced the launch of a personal comic IP project, co-created by many people in the cryptocurrency circle.
Data: Nvidia CEO Huang Renxun sold about $169 million of company stock in June, the largest monthly reduction
According to Cailianshe, Nvidia CEO Huang Renxun sold about $169 million worth of company stock in June, the largest single-month reduction.
Russia considers permanent legalization of stablecoins for cross-border payments
The Russian government is considering formally legalizing stablecoins for international transactions in order to simplify cross-border payments for Russian companies, Izvestia reported July 3, citing the Russian Central Bank.
According to the report, the Central Bank of the Russian Federation (CBR) is actively discussing proposals to allow the use of these crypto assets, which are pegged to stablecoins or assets such as the U.S. dollar or gold, making them less volatile than other cryptocurrencies.
CBR Deputy Chairman Alexey Guznov confirmed the move and stressed that the main focus is on regulating the entire transaction chain, from transferring these assets to Russia to accumulating and using them for cross-border payments. Guznov said this could be established as a permanent regulation rather than a temporary experiment. While stablecoins have similarities with digital financial assets (DFA) and cryptocurrencies, fine-tuning the regulatory framework is crucial due to their unique characteristics and widespread popularity.
According to the report, stablecoins are considered a promising tool for international settlements, especially transactions with the BRICS countries (which include Brazil, Russia, India, China and South Africa).
South African regulator investigates 30 cases of unlicensed cryptocurrency operations
The enforcement division of the Financial Sector Conduct Authority (FSCA) of South Africa has set up a team to investigate individuals or entities operating crypto financial services without the appropriate licenses. Currently, 30 cases are under review.
The FSCA aims to protect the public and maintain industry fairness by taking decisive action against illegal crypto businesses. The regulator will also publish its findings and issue warnings if it finds unregistered crypto businesses. The FSCA has provided a grace period until November 30, 2023 to submit license applications before classifying crypto assets as financial products on October 19, 2022.
"What are the interesting articles worth reading in the past 24 hours?"
Dialogue with Vivi from TON Foundation: There are over 2,000 projects scheduled in the TON Mini Program Store. How do developers create popular projects?
In recent online and offline Chinese-language conferences about TON, we can always see a familiar figure, Vivi, the head of Research at the TON Foundation. She is skilled in solving various problems encountered by users and developers on TON, and is personally named the "human database of the TON ecosystem" by community users.
Vivi, who has a technical background and has served in leading well-known public chains, said in an interview with ChainCatcher that she joined TON a year ago. At that time, TON was still in a state of being ignored, and even a complete Chinese developer document could not be found in the Chinese area. She wrote several developer documents herself.
In more than a year since joining TON, Vivi has completed her career transition from behind the scenes to the front stage, and has also witnessed the moment when the TON ecosystem went from being ignored to being bustling with people.
After in-depth one-on-one contact with thousands of developers on the front line, Vivi proposed a differentiated product principle to help entrepreneurs who want to build projects on TON: "I have what others don't, I am better than others, I am cheaper than others, and I don't have it if others are cheaper."
Recently, ChainCatcher talked with Vivi, the head of Research at the TON Foundation, to discuss issues such as the TON Foundation's ecological strategy, the relationship between TG and TON, and how developers can build popular applications.
Blinks Fantasy: Starting from the underlying logic, exploring the most promising application scenarios
Last week, Solana and Dialect launched a new feature, Blinks. Some people see it as a revolutionary new growth path for Solana, while others believe that it will only cause more fraud than benefits. How to use this new feature, how to combine it with the X platform and more scenarios to bring out its true utility is still under discussion. Odaily will explore the real application scenarios of Blinks in this article.
FOMC meeting minutes suggest no rush to cut interest rates, BTC tests $59,500 in the early morning
The minutes of the June 11-12 FOMC meeting showed that policymakers were united on price stability, but there was no consensus among Fed officials on how many months of good inflation data were needed to start cutting interest rates. Some officials believed in patience before taking action, while some said that rate hikes were still under discussion.
According to Bitpush data, Bitcoin lost the $62,000 support level in the early hours of Wednesday morning, hitting a low of $59,515, before bullish forces pushed it back above $60,000. However, bears continued to exert downward pressure, and as of press time, BTC was trading at $59,691, down more than 3.5% in 24 hours.
Financial Times: Fed officials hope to have "greater confidence" that US inflation is cooling
Federal Reserve officials believe U.S. inflation is cooling but they still need “greater confidence” before agreeing to cut interest rates from a 23-year high.
RWA 10,000-word research report: The first wave of tokenization has arrived
This article attempts to examine the potential benefits and long-standing challenges of tokenization from the perspective of traditional finance through McKinsey & Co’s analytical framework for tokenization. At the same time, combined with real and objective cases, it concludes that although challenges still exist, the first wave of tokenization has arrived.
