1. Ethereum community members proposed the ERC-7265 standard to mitigate DeFi hacker attacks
According to The Block, members of the Ethereum community have proposed a new standard to improve the security of decentralized finance (DeFi) protocols. The proposed standard is called ERC-7265, which will enable "circuit breakers" that allow DeFi protocols to easily add fallbacks to their smart contracts to prevent tokens from leaving the contract in the event of a hack. The standard was developed by @tcb_00, @Diyahir, and @real_philogy. Given that the ERC-7265 standard is a proposed standard, it remains to be seen whether the Ethereum core team will accept and implement it as the final standard.
2. South Africa will require cryptocurrency exchanges to obtain licenses by the end of the year
South Africa will require cryptocurrency exchanges in the country to obtain licenses to operate by the end of this year, according to the Financial Sector Conduct Authority (FSCA), a South African regulator, according to Bloomberg. FSCA Commissioner Unathi Kamlana said in an interview that the Financial Sector Conduct Authority has received about 20 applications since opening licenses a few weeks ago, and expects to receive more applications before the November 30 deadline. The regulator plans to take "enforcement actions" and may close or fine companies if they continue to operate without a license after the deadline. Last year, South Africa's financial regulator said that crypto platforms must obtain operating licenses in 2023. Cryptocurrency financial companies in South Africa need to apply for licenses between June 1 and November 20, 2023 to operate legally.
3.SignalPlus: Investors begin mid- to long-term planning
Yesterday, ETH failed to break through the 2000 mark that everyone expected. After rising to 1980, it lost momentum and slowly fell back to around 1950. The options market also expressed obvious disappointment. The short-lived front-end volatility collapsed. The ATM IV of the cyclical option fell by 4.34% to 40.76%, while the date option only showed an implied volatility valuation of around 30%. BTC changed its calmness a few days ago and achieved a small wave of growth (+2%) last night, reaching a high of 31,400. Although the price has fallen back now, it is still stable around 31,000.
4. Bitcoin Ordinals startup platform Luminex proposes BRC-69 standard
According to The Block, Bitcoin Ordinals startup platform Luminex proposed the BRC-69 standard, which aims to simplify the creation of recursive ordinal sets, reduce the cost of Inscriptions and simplify the on-chain pre-disclosure process. It is said that the standard can reduce the cost of inscription by more than 90%. Luminex said that this reduction is achieved through 4 steps of recording characteristics, deploying sets, compiling sets and minting assets. In addition to cost savings, Luminex claims that BRC-69 paves the way for more enhanced features.
5.UK Finance: Individual holdings of digital pounds should be limited to £5,000 to avoid deposit flight
According to News.bitcoin, UK Finance, one of the UK’s largest financial membership organizations, has issued a proposal to the Bank of England on the issuance of a digital pound. The organization said that the individual holding limit of the proposed central bank digital currency (CBDC) should be set at 5,000 pounds ($6,350) to avoid panic and (bank) deposit flight.
6. ParaSpace: Suspend Azuki mining pool, including recharge, withdrawal, forced equalization and other functions
NFT lending protocol ParaSpace announced on Twitter that due to the sharp fluctuations in Azuki's price, the team decided to temporarily suspend Azuki's mining pool, including recharge, withdrawal, and forced equalization. The measure is intended to give users more time to replenish liquidity, repay loans, and improve health. As for the liquidation of Azuki, any shortfall at the end of the suspension will be made up from ParaSpace's reserves. Earlier news, NFT lending protocol ParaSpace suspended Azuki mortgage liquidation to give users time to replenish liquidity.
7. Open Campus: Delay OpEx, early contributors, liquidity, and all upcoming token unlocks in the ecosystem by 3 months
Web3 education protocol OpenCampus announced that in view of recent macro fluctuations and market conditions, it has decided to postpone the unlocking of all upcoming tokens in OpEx, early contributors, liquidity, and the ecosystem by 3 months. The exercise schedule for other mining pools will remain unchanged. The smart contract will be redeployed to reflect the updated redemption schedule. It is reported that the validity period of the team token is 24 months and the vesting period is 36 months, or 5 years. The movement of all tokens can be tracked on the chain. Earlier news, Web3 education protocol Open Campus announced the establishment of Open Campus DAO. EDU holders can participate in the governance of DAO through the proposal process.
8. Video sharing site BitChute seeks to raise $10 million in a new round of funding to develop new live streaming and payment features
According to Reuters, according to an investor and a presentation, video sharing site BitChute is raising $10 million in Series A funding at a valuation of $750 million to $1 billion. The new funds will be used to develop new features that allow users to live broadcast and pay content creators. It is unclear whether BitChute can reach the valuation it seeks. Bitcoin enthusiasts Patrick Dai and Matthew Branton are reported to have invested a "significant" amount in BitChute together, controlling 60% of the company's shares. The remaining 40% of the shares are controlled by co-founders Ray Vahey and Rich Jones. The long-term goal is to achieve decentralization based on blockchain, where users can decide whether to conduct content review.
9. Gemini Lianchuang once again issued an open letter to the founder of DCG, accusing him of abusing the mediation procedure to delay time
Cameron Winklevoss, co-founder of Gemini, published an open letter to Barry Silbert, founder of DCG, stating that today is the 229th day since Genesis stopped withdrawals and the 174th day since the last open letter was published. Since Genesis closed, it has never intended to find a global, consensual solution with creditors and Earn users. It also stated that DCG and Genesis deliberately lied to creditors in June and July 2022, and did not resolve the $1.2 billion loss caused by the collapse of Three Arrows Capital. They have been working frantically since November last year, not to compensate creditors, but to raise funds to repay the loan and file a lawsuit against the promissory note in the future. In addition, the mediation process was abused in an attempt to buy time through mediation. The letter pointed out that if Barry Silbert did not agree to the deal before 4 a.m. on July 7 (Beijing time), a lawsuit would be filed against DCG and Barry Silbert personally on July 7. And asked the Genesis Special Committee to fulfill its fiduciary obligations, submit a turnover proposal on or before July 7, put DCG into default, and demanded the immediate payment of the $630 million owed to creditors and Earn. Earlier news, the co-founder of Gemini publicly wrote to the founder of DCG, in which Winklevoss believed that he had been using dishonest delaying tactics and not cooperating with his progress. Winklevoss asked him to come up with a solution to repay the more than $900 million owed, hoping that he could solve the problem before January 8.
10. Meta plans to launch Threads, a Twitter competitor, on Thursday
Meta plans to release a microblogging app, Threads, in the U.S. on Thursday and in the rest of the world on Friday, The Wall Street Journal reported. Meta is expected to build the app on its Instagram user base.
11.TON blockchain launches on-chain encrypted messaging function
According to Cointelegraph, the TON Foundation announced the launch of an on-chain encrypted messaging feature. The new feature allows private messages to be sent between TON users. It is reported that TON is a fork of the code created by the Telegram instant messaging application team. Telegram abandoned the project before the mainnet launch in July 2020. However, before leaving, it open-sourced the TON code, allowing others to continue to build on the work it has done. Earlier news, the TON Foundation launched a new DeFi liquidity incentive plan and introduced more comprehensive eligibility criteria.
12. Crypto analytics firm Messari appoints Eric Turner as chief revenue officer
Crypto analysis company Messari appointed Eric Turner as Chief Revenue Officer. Messari founder Ryan Selkis said that Eric Turner was Messari's first employee and was responsible for research, new products and sales at different times. In addition, Ryan Selkis said that a large number of new products will be launched this summer.
13. BlackRock resubmits Bitcoin spot ETF application and designates Coinbase as supervisory partner
According to Bloomberg, BlackRock has resubmitted its Bitcoin spot ETF application to the U.S. Securities and Exchange Commission (SEC) through Nasdaq, indicating that Coinbase Global Inc. will provide market supervision. The SEC previously stated that the initial application documents submitted by institutions such as BlackRock and Fidelity were "unclear and incomplete" because they did not specify the partner institutions for the regulatory sharing agreement. Last week, Fidelity, Invesco, VanEck, 21Shares and WisdomTree all revised their applications. Analysts say that crypto market supervision may be the key to the SEC's approval of the Bitcoin spot ETF. Supervision can greatly reduce fraud and market manipulation, which is the main reason why the SEC has rejected about 30 Bitcoin spot ETF applications so far.
14. Credit Suisse will cooperate with the Swiss Football Association to launch Ethereum NFT
According to The Block, Credit Suisse has partnered with the Swiss Football Association to launch an Ethereum-based NFT series to support Swiss women's football. According to information on Credit Suisse's website, the NFT series includes 756 digital art portraits of Swiss women's national football team players and will be on sale from July 11 to August 31. NFTs have been deployed on the Ethereum blockchain network and will be sold exclusively through Credit Suisse's CSX application. The move marks Credit Suisse's entry into the NFT field. In February of this year, Credit Suisse led a $65 million Series B financing round for Swiss digital asset company Taurus. In March of this year, UBS acquired Credit Suisse in an all-stock transaction for 3 billion Swiss francs (3.3 billion US dollars).
