Headlines

Harris officially wins Democratic presidential nomination

Odaily Planet Daily News: US Vice President Kamala Harris has officially won the Democratic presidential nomination, becoming the first black woman and Asian American to lead a major US political party's presidential candidate. The 59-year-old vice president is expected to formally accept the nomination at the Democratic National Convention in Chicago later this month. She is already the presumptive nominee; President Biden endorsed her after ending his re-election campaign, and no other challengers are on the ballot. Although the delegate vote is just a formality, it brings an end to a turbulent chapter in the 2024 presidential campaign, while also opening a new chapter - a showdown with Republican Donald Trump. (Sky News)

BlackRock and Nasdaq submit spot Ethereum ETF options application to SEC

Odaily Planet Daily News Nasdaq Exchange and BlackRock plan to list options on their spot Ethereum ETF and start trading. According to documents posted on the U.S. SEC website on Tuesday, BlackRock and Nasdaq ISE, LLC proposed a rule change to launch iShares Ethereum Trust (code: ETHA) options. The document reads: "The exchange believes that offering options on the trust will benefit investors by providing them with a relatively low-cost investment tool to gain exposure to spot Ethereum and as a hedging tool to meet their investment needs related to Ethereum products and positions." Comments on the proposal will be submitted within 21 days. Bloomberg analyst James Seyffart said the SEC could make a final decision on the proposal in early April 2025. (The Block)

Industry News

Binance CEO: Binance recorded $1.2 billion in net capital inflow in the past 24 hours

Odaily Planet Daily News: Richard Teng, CEO of Binance, said on the X platform that according to DefiLlama's CEX transparency indicator, Binance recorded a net inflow of $1.2 billion in the past 24 hours, which shows strong investor confidence. Yesterday, Binance also witnessed the highest level of trading volume so far this year, and the market is currently witnessing a rebound in the prices of major tokens, which is confirmed by the current market trend.

BlackRock IBIT had no inflows/outflows yesterday, with a trading volume of $1.3 billion

Odaily Planet Daily reported that according to Trader T monitoring, there was no inflow/outflow of funds in BlackRock IBIT yesterday, and the trading volume reached US$1.3 billion.

Yesterday, Grayscale GBTC had a net outflow of 32.2 million US dollars, and ETHE had a net outflow of 39.7 million US dollars

Odaily Planet Daily News According to Farside Investors data, as of press time, yesterday (August 6) the capital inflow data of the US spot Bitcoin ETF and spot Ethereum ETF are as follows: Spot Bitcoin ETF: GBTC net outflow of US$32.2 million; ARKB net outflow of US$28.9 million; EZBC net outflow of US$23 million; BITB, BTC no capital inflow/outflow. Spot Ethereum ETF: ETHE net outflow of US$39.7 million; EZET net inflow of US$1 million; ETH net inflow of US$4.7 million; ETHW, CETH no capital inflow/outflow.

The core team that helped Sam Altman create OpenAI has been reduced from 10 to 2 people, and 8 co-founders have left the company

Odaily Planet Daily News OpenAI was founded in 2015 with 11 members in the founding team. So far, 8 co-founders have left the company. One of the remaining co-founders, President Greg Brockman, said he would take a long vacation on Monday. (Business Insider) Earlier today, it was reported that Greg Brockman, president of OpenAI and one of the 11 co-founders, will extend his vacation. Another co-founder and key leader, John Schulman, has joined Anthropic, a competitor founded by former OpenAI researchers. According to a person with direct knowledge of the company's changes, Peter Deng, the product director who joined the company last year, has also left. He previously served as product director at Meta Platform, Uber and Airtable. The previously unreported departures appear to be unrelated to each other, but this suggests that the company's leadership has not yet stabilized after the dismissal and rehiring of CEO Sam Altman in November last year.

In July, Marathon Digital increased its holdings by 2,282 bitcoins

Odaily Planet Daily News Bitcoin mining company Marathon Digital Holdings continues to increase its holdings of Bitcoin as part of its "full holding" strategy. In July, Marathon Digital increased its holdings of 2,282 BTC, worth more than $124 million at current valuations. According to an announcement released on August 6, Marathon's Bitcoin holdings reached 20,818 BTC, worth more than $1.14 billion. In addition to purchasing BTC, Marathon also increased its Bitcoin production in July to 692 BTC, a month-on-month increase of 17%. It is worth noting that Marathon did not sell any BTC in June. (Cointelegraph)

CoinShares Q2 revenue is £22.5 million, up 110% year-on-year

Odaily Planet Daily reported that CoinShares announced its Q2 2024 results, with revenue of £22.5 million in the second quarter, a year-on-year increase of 110% from £10.7 million in the second quarter of 2023. Previously, CoinShares successfully completed the sale of its FTX claims on June 24, achieving a net brokerage fee recovery rate of 116%, translating into a return of £28.7 million.

Former Synthetix financial director lost all his SNX in liquidation: Nothing left, looking for network security-related work to make a living

Odaily Planet Daily News: Former Synthetix Treasurer SynthaMan tweeted yesterday that he lost all his SNX tokens due to liquidation. SynthaMan said that he has held SNX since IC0 and has never sold one, but now he has nothing. As a father of a family of five, he admitted that he did not know how to make a living and said that he was shaking and crying because he could no longer feed his family. SynthaMan called on anyone who has a job opportunity related to cybersecurity or security research to contact him, and he is willing to work hard to support his family. He also mentioned that if anyone is willing to donate or lend him money until his ILV is unlocked in September, it can be sent to the wallet address Spartan.eth. SynthaMan said he only needs to get through the next 1.5 months.

Project News

Ronin: About 4,000 ETH and 2 million USDC were withdrawn, and negotiations are underway with white hat hackers

Odaily Planet Daily News Ronin posted on the X platform that earlier today, a white hat informed Ronin of a possible vulnerability. After verifying the report, the Ronin bridge was suspended about 40 minutes after the first on-chain operation was discovered. The attacker withdrew about 4,000 ETH and 2 million USDC, worth about $12 million, which is the maximum amount of ETH and USDC that can be withdrawn from the bridge in a single transaction withdrawal. The bridge limit is an important guarantee to improve the security of large fund withdrawals and effectively prevent further damage caused by this vulnerability. Ronin said that due to an issue introduced after the bridge upgrade was deployed through the governance process, the cross-chain bridge misunderstood the bridge operator voting threshold required to withdraw funds. Efforts are currently underway to find a solution to the root cause. The bridge update will be subject to strict review and then the bridge operator will vote on whether to deploy it. Negotiations are currently underway with the actors who appear to be white hat hackers, and they have responded in good faith. Regardless of the outcome of the negotiations, all user funds are safe and any shortfall will be re-deposited when the bridge opens. A post-mortem analysis will be shared next week, presenting technical details and planned measures to prevent similar incidents in the future.

Ronin: White hat hackers have returned about $10 million in ETH, and USDC is expected to be returned later

Odaily Planet Daily News Ronin announced on the X platform that the white hat hacker has returned about $10 million in ETH, and USDC is expected to be returned later, thanks to the white hat's vigilance and integrity. The bug bounty program will reward the white hat with a bounty of $500,000. The Ronin bridge will be audited before reopening, and will provide updates as the audit progresses.

Uniswap Foundation: As of Q2, it holds $36.81 million in stablecoins and 680,000 UNI

Odaily Planet Daily News According to official news, the Uniswap Foundation released a quarterly financial summary as of June 30, 2024 (unaudited): As of June 30, 2024, the Foundation held $36.81 million and stablecoins, as well as 680,000 UNI (calculated in UNI). Fiat (USD) cash and stablecoins will be used for grants and operational activities, and UNI will be used for employee token rewards. It is expected to support its operation until the end of 2025, with the following specific uses: Grants commitments and incentives: A total of $26.12 million was allocated to grants. $22.46 million committed in 2024 and 2025 and $3.66 million previously committed will be used for payment. The remaining $10.69 million will be used to fund operating expenses until the end of 2025. In Q2 2024, the Foundation committed $3.22 million in new grants and paid $2.48 million in committed grants.

Diego Oliva, Starknet Foundation's first CEO, to step down

Odaily Planet Daily News Starknet Foundation announced on the X platform that the first CEO Diego Oliva will step down. He has served as CEO of the Starknet Foundation since March 2023, responsible for building the team and organizational structure. In addition, James S will serve as executive director to continue to develop the Starknet ecosystem and its adoption. James S has been working at the Starknet Foundation since January 2024.

Blast Lianchuang: The second round of gold points distribution will be shared this week

Odaily Planet Daily News Blur and Blast co-founder Pacman published a post on X saying that he believes that actual actions are more effective than empty talk, but as an ecosystem, it is crucial for the entire community to move in the same direction. The team will make some changes to make it easier to communicate with more builders and users. It also said that the second round of Gold Points allocation will be announced this week (usually shared in the first week of each month).

Mode opens Season 1 airdrop for users who hold assets on Mode

Odaily Planet Daily News Modular DeFi L2 network Mode announced on X that Season 1 vested airdrop is now open for claiming. Eligible users can visit the Mode dashboard and view the claim link in the Update/Notification tab. This airdrop is for users who hold assets on Mode. In addition, users can earn OP rewards by staking MODE tokens in the dashboard, and can also get up to 5 times the reward bonus by using Mode in ecological applications.

Zircuit launches the first phase of the mainnet and opens Season 1 airdrops

Odaily Planet Daily News EVM-compatible zkRollup network Zircuit announced the launch of the first phase of the mainnet on X, and at the same time announced several new plans, including Season 1 airdrop claims and Gas Mining. ZRC will be in a non-transferable state. The Zircuit Token (ZRC) allocated in Season 1 accounts for 7% of the total supply, and 262,200 addresses are eligible for airdrops. Season 2 was launched on July 7, and another 14% of ZRC will be reserved for future rewards. The total amount of ZRC is 10 billion, of which 21% is used for airdrops and community rewards.

Renzo Open Season 2 Airdrop Qualification Check

Odaily Planet Daily News: Ethereum re-staking protocol Renzo announced on X that it has opened Season 2 airdrop qualification inquiries. According to its Discord channel announcement, the minimum eligibility requirements for Season 2 airdrops are as follows: Interact with the Renzo protocol between April 26 and July 26, 2024; Eligible assets: ezETH, pzETH or staked REZ; Minimum 2,000 ezPoints balance.

ether.fi launches Diamond event, plans to add more ETHFI rewards in Season 3

Odaily Planet Daily News: ether.fi announced the launch of the Diamond event on X, and will add more ETHFI rewards in Season 3. In addition to distributing 25 million ETHFI to all eligible Season 3 participants, users can also get more ETHFI from the Diamond event. 1. During the event, users can get 0.1 ETHFI for every ETH staked per day; 2. The official will also match the same amount of ETHFI to reward all existing stakers, adding at least 1 million ETHFI; 3. Event time: July 29th 8: 01-September 14th; 4. The Perks Passport bonuses of Season 1 and Season 2 will be applied, and other Perks Passport bonuses are invalid.

gm.ai completes GM airdrop Season 1 snapshot, users can exchange Diamonds for GM

Odaily Planet Daily News: gm.ai, the AI ​​project launched by the founder of Whales Market, announced at around 1 a.m. today on X that it has completed the GM airdrop Season 1 snapshot, and users have 24 hours to exchange Diamonds for GM. To ensure fairness and prevent bots, each user will reserve 20,000 Diamonds for Season 2. For example, a user holding 100,000 Diamonds can now exchange for 80,000 GMs, and the remaining part will be available for claiming in the next phase.

Solana on-chain mining project ORE restarts mining, with a total supply of 21 million

Odaily Planet Daily News: Solana on-chain mining project ORE announced on X that mining has been restarted, and the total supply of ORE is 21 million.

Dmail Network launches staking program, Skale Network joins and offers 500,000 SKL token rewards

Odaily Planet Daily News Dmail Network tweeted that it has launched the Staking program. The first phase of the ecological partner Skale Network has joined and provided 500,000 SKL tokens as rewards to stakers. Users who participate in staking will share these rewards and have the opportunity to receive more rewards in future Dmail airdrops and airdrops from other partners. In the future, Dmail will announce more partners to join the staking ecosystem.

Aigisos announces airdrop plan to airdrop 9% of AIG tokens to the community

Odaily Planet Daily News: Aigisos, the RollApp network based on Dymension, has announced its airdrop plan (Aigisos Genesis Rolldrop). Aigisos will airdrop 9% of AIG tokens to the community. The airdrop scope is Aigisos Phoenix incentive test network users, and the second is a wider range of community users including DYM stakers, Gitcoin donors, mainstream derivatives DEX users, Earndrop contributors. Users can now check their qualifications in Aigisos' Discord.

CoinList: Due to the bad market conditions, the team of the new launch project Enso has decided to postpone the launch plan

Odaily Planet Daily reported that CoinList published an article on X stating that due to the poor market conditions, the team of the latest token sale project Enso has decided to postpone the token sale plan. The promised subscriptions will be refunded, and buyers who have completed the purchase will receive a 20% token reward when the sale is restarted in the future if the bid is higher than the final auction price.

Regulatory trends

Market News: US Vice President Harris chooses Minnesota Governor Tim Walz as running mate

Odaily Planet Daily News According to market news, CNN revealed that US Vice President Harris chose Minnesota Governor Tim Walz as her running mate. Sources said Harris has not yet spoken with Minnesota Governor Tim Walz. (Jinshi)

Harris' running mate Tim Walz hasn't said much publicly about cryptocurrency yet

Odaily Planet Daily News: Democratic presidential candidate Harris has chosen Minnesota Governor Tim Walz as her running mate, a move that will help Harris unite coastal progressives and Midwestern moderates to stop Trump. Tim Walz, 60, is a veteran of the U.S. Army National Guard and a former teacher who was elected governor of Minnesota in 2018. Tim Walz has long advocated for women's reproductive rights, but has also shown conservative tendencies, defending agricultural interests and supporting gun rights. His hometown has consistently supported the Democratic Party in presidential elections, but neighboring Wisconsin and Michigan are considered key to determining this year's election. Tim Walz is widely regarded as good at connecting with white rural voters who have generally voted for Trump in recent years, and the Harris team hopes that Walz can attract votes that are not yet determined to re-elect Trump. Tim Walz has not talked much about cryptocurrencies publicly, but during his tenure as governor, Minnesota enacted relevant legislation to strengthen cryptocurrency regulation. (TheBlock)

Investment and Financing

Web3 game studio Curio completes $5.7 million seed round led by Bain Capital Crypto and SevenX Ventures

Odaily Planet Daily News Web3 game studio Curio has completed a $5.7 million seed round of financing, led by Bain Capital Crypto and SevenX Ventures, with participation from OKX Ventures. As of now, its total financing amount has reached $8.7 million. Curio aims to build a composable infrastructure for on-chain games, and the new funds are intended to be used to expand its team size. (TheBlock)

Intent-driven solver platform Khalani completes $2.5 million seed round led by Ethereal Ventures

Odaily Planet Daily News According to official news, the intention-driven decentralized solver platform Khalani announced on X that it has completed a $2.5 million seed round of financing, led by Ethereal Ventures, with participation from Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, Nick White and others. The new financing will be used to expand the team, advance research and development, and push Khalani into full production.

Solana Ecosystem RWA Project Elmnts Completes $2 Million Pre-Seed Round of Financing, Led by Foundation Capital and Others

Odaily Planet Daily News Solana Ecosystem RWA tokenization project Elmnts announced on X that it has completed a $2 million Pre-Seed round of financing, led by Graph Ventures, Foundation Capital and B+J Studios, with participation from Asymmetric, Anagram and Solana co-founders Raj Gokal and Anatoly Yakavenko. Earlier, Elmnts announced the launch of the Beta version and the launch of its first product, providing users with investment exposure to oil and gas mineral rights and royalties, and will support more commodities in the future.

RWA Project Zoth Completes $1.5M Funding, Launches $100M RWA-Backed ZTLN Token

Odaily Planet Daily News According to official news, RWA project Zoth has completed $1.5 million in financing, and the new funds will be used to launch $100 million RWA-backed Tokenized Liquid Notes (ZTLN). This round of financing attracted well-known investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital and AstraX Capital. Zoth also received support from Coinbase, Hedera and Ripple's XRPL Foundation, in addition to funding from many crypto angel investors. Earlier news, RWA project Zoth completed $2.5 million in financing.

Character*Voice

Arthur Hayes: Financial markets may experience a second shock, and the problem of over-leverage is about to emerge

Odaily Planet Daily News BitMEX co-founder Arthur Hayes wrote on X that the financial market may face greater turbulence. The first wave of impact has passed, and now we are waiting for the problem of over-leveraged investors in the traditional financial field to emerge. He expects the second wave of impact to begin soon, and hints that if there is a rescue, the market may need to go through more adjustments before Friday this week. The current respite is only temporary, and market volatility will continue.

Coinbase analyst: Crypto market recovers slightly, short squeeze may occur

Odaily Planet Daily News Coinbase researcher David Duong said that market conditions on Tuesday indicated that as buying activity on centralized exchanges increased, short squeezes may occur, "which could lead to a market rebound in the next few days." In addition, he emphasized that "Genesis distributed Bitcoin and Ethereum in kind in its bankruptcy liquidation plan. The unwinding of yen carry trades may also affect Mt. Gox creditors' current decision to receive Bitcoin." Duong believes that the recent decline in the market does not represent the beginning of a new long-term trend or market cycle. (TheBlock)

Matrixport: The market tends to attribute the Bitcoin crash to the unwinding of yen carry trades

Odaily Planet Daily News Matrixport released today's chart saying that the market tends to attribute the plunge in Bitcoin to the unwinding of yen carry trades. Many financial market participants who borrowed yen to invest in high-yield assets are now reversing the direction of their positions, and Bitcoin has become a victim of this process. The Bank of Japan's unexpected rate hike, coupled with the market's expectations of a rate cut by the Federal Reserve, has increased uncertainty in the central bank's policies and led to deleveraging in the financial system. According to some traders, this is the main reason for the decline in Bitcoin prices.

Vitalik: Arbitrum and Optimism are the first full-EVM rollups to reach stage 1, and I look forward to seeing the first ZK-EVM rollup

Odaily Planet Daily News Vitalik said in a post on X that Arbitrum and Optimism are still worthy of praise because they are the first full-EVM rollup to reach the first stage, and he looks forward to seeing the first ZK-EVM rollup.

Trump's second son: I really fell in love with Crypto/DeFi, and a major announcement is coming soon

Odaily Planet Daily News: Eric Trump, the second son of former US President Trump and current executive vice president of the Trump Organization, posted on X: "I really fell in love with Crypto/DeFi. Stay tuned for major announcements."