Today's news tips:
Trump confirms participation in September 10 presidential debate with Harris
Hong Kong Monetary Authority launches Ensemble project sandbox to promote tokenization applications
OpenAI plans to release a new reasoning AI model codenamed "Strawberry" as early as this fall
Vitalik: About 90% of my personal net assets are in ETH, and EIP-4844 has saved users more than $100 million in transaction fees
Vitalik revealed that his annual salary at the Ethereum Foundation is 182,000 Singapore dollars, about 139,500 US dollars
BlackRock to List Ethereum ETF on Brazil’s B3 Exchange on Wednesday
Nasdaq and CF Benchmarks submit application to SEC to launch Nasdaq Bitcoin Index Options
The TON network is now producing blocks normally after being down for more than 7 hours
Regulatory News
Trump confirms participation in September 10 presidential debate with Harris
Former US President Trump said on the social platform Truth Social that he will participate in the presidential election debate with US Vice President Harris on September 10 (next Tuesday), which will be hosted by the American Broadcasting Corporation (ABC). Trump had previously accused ABC of bias and threatened to withdraw from the debate completely. Trump said in a statement today that the rules of the debate will be the same as last time, candidates are not allowed to bring notes or "cheats", and neither side will get questions in advance. Trump also said that the third debate, which may be hosted by NBC News, has not yet been agreed by the Democratic Party. Trump said that the rules of this debate will be the same as the last debate held by CNN, candidates are not allowed to bring notes or "cheats", and neither side will get questions in advance. The microphones of the two candidates will be muted throughout the debate unless it is the candidate's turn to speak. There will be no studio audience in this debate.
Hong Kong Monetary Authority launches Ensemble project sandbox to promote tokenization applications
According to official news, the Hong Kong Monetary Authority held the Ensemble Project Sandbox launch ceremony today and announced that the first phase of the sandbox trial will cover the tokenization of traditional financial assets and real-world assets, and focus on four major themes: fixed income and investment funds, liquidity management, green and sustainable finance, and trade and supply chain financing. At the international level, the HKMA will also explore opportunities for cooperation with the Hong Kong Center under the Innovation Hub of the Bank for International Settlements on one or more tokenization topics, and work with members of the CBDC Expert Group to use their expertise to further promote the development of the sandbox.
Mr Eddie Yue, Chief Executive of the HKMA, said: “The launch of the Project Ensemble sandbox to test tokenisation use cases marks an important step for the HKMA and the industry in exploring the application of tokenisation technology in real business scenarios. Since the launch of Project Ensemble in March this year, the industry has responded positively to the exploration of innovative solutions to reshape the digital financial sector. The HKMA looks forward to working with the SFC, other central banks, academia and relevant industry players in the future to further promote the innovative development of Hong Kong’s tokenisation market.”
SFC Chief Executive Officer Fung Yee Leung said: “The launch of the Sandbox today demonstrates how innovation and regulation, when combined, can open up new paths for our financial markets. As two of the two major builders of Hong Kong’s financial markets, the SFC and the HKMA share the same vision and are committed to leading Hong Kong’s financial system into the future through innovative market infrastructure.”
NFT&AI
Trump releases fourth batch of his NFT trading card series
According to CoinDesk, former President Trump has released the fourth batch of NFT trading card series. This new series will provide buyers with a fragment of the suit worn by Trump during the debate with Biden. The high-end card, priced at $24,750, also comes with Trump sneakers, cocktails, and the opportunity to have dinner at Trump National Golf Club. Although this series of NFTs has brought considerable benefits to Trump, it has nothing to do with his political campaign funds, but has entered his personal account.
OpenAI plans to release a new reasoning AI model codenamed "Strawberry" as early as this fall
As OpenAI seeks to raise more money, its researchers are trying to launch a new AI product that they believe can solve tough problems better than existing AI, according to The Information. Two people involved in the project said that researchers plan to launch a new AI model code-named "Strawberry" (formerly known as Q*, pronounced Q Star) as early as this fall as part of a chatbot that may be integrated into ChatGPT. "Strawberry" can solve math problems that have never been seen before - something that current chatbots cannot do, and it is also trained to solve problems involving programming. But it is reportedly not limited to answering technical questions.
Project News
Source: Telegram CEO was supposed to have dinner with the French President on the day he was arrested
According to the French newspaper Canard Chain de l'Elysée, sources said that Telegram CEO Pavel Durov told the police that he was supposed to have dinner with French President Macron on the day of his arrest. Paris officials denied the news. French politician Florian Philippot expressed doubts about Macron's statement and said on social media X that it was entirely possible for the president to carry out such deception to complete the "master's mission." He also asked Macron to explain this. Earlier, Russian Foreign Minister Lavrov said that Russia's request for Durov's visit to France was under review.
Earlier news, French President Macron has always been a loyal user of Telegram. \
Vitalik: About 90% of my personal net assets are in ETH, and EIP-4844 has saved users more than $100 million in transaction fees
Vitalik Buterin responded to the discussion about ETH as a store of value by saying that he holds about 90% of his net assets in ETH, showing his confidence in it as a store of value. He also pointed out that the EIP-4844 proposal supported by the Ethereum Foundation has saved users more than $100 million in transaction fees.
Vitalik revealed that his annual salary at the Ethereum Foundation is 182,000 Singapore dollars, about 139,500 US dollars
According to information shared by Josh Stark, a member of the Ethereum Foundation (EF), cited by Vitalik, the EF is about to release a new report covering 2022 and 2023, which is expected to be released before Devcon SEA. The report shows that the internal expenditure of the Ethereum Foundation accounts for about 38%, and the external expenditure accounts for 62%. Internal expenditures are mainly used for research and development work of teams such as Geth, Privacy and Extension Exploration (PSE), Solidity, and Crypto Research. External expenditures are mainly distributed in the form of grants to organizations such as Nomic Foundation, Decentralization Research Centre, L2Beat, and 0xPARC Foundation, aiming to enhance and support the Ethereum ecosystem in the long term. In addition, Vitalik Buterin also revealed that his annual salary is 182,000 Singapore dollars (about 139,500 US dollars).
Hong Kong listed company Guofu Innovation disclosed that it purchased Bitcoin with a total value of approximately HK$36 million
According to Zhitong Finance, Guofu Innovation (0290.HK) issued an announcement that the board of directors has approved the company to further increase its investment in cryptocurrencies and virtual asset funds, and the company has conducted a series of transactions on the open market from March 2024 to August 2024 to purchase Bitcoin (BTC) with a total value of approximately HK$36 million (excluding transaction costs) (Purchase of Bitcoin). The above-mentioned purchase of Bitcoin was funded by the proceeds from the group's fundraising activities and internal resources.
Celsius Creditors Consider Liquidating Bitcoin Mining Firm Ionic Digital
According to Bloomberg, some former customers of Celsius Network are exploring liquidation of Ionic Digital Inc., a bitcoin mining company they co-own with other Celsius creditors. Joseph Sarachek, an attorney representing Celsius creditors, told a New York bankruptcy judge on Tuesday that "numerous shareholders" had contacted his office in recent weeks to ask whether to force liquidation of Ionic's assets. Another Celsius creditor said at a court hearing that other shareholders were trying to replace Ionic's board of directors. Ionic lawyer Gregory Pesce said at a hearing on Tuesday that Ionic is cash flow positive and has about $200 million in cash and cryptocurrency. Ionic now plans to go public "sometime in 2025." He added that it may take a few more weeks to hire a new audit firm. The former audit firm RSM US terminated its cooperation not because of disagreements with the company on accounting principles, but because it decided not to accept cryptocurrency clients. According to previous news, Ionic Digital acquired all of Celsius' mining assets as part of Celsius' exit from Chapter 11 bankruptcy proceedings at the beginning of this year. Documents filed by Celsius' bankruptcy administrator with the court on Monday show that more than $2.53 billion has been paid to about 251,000 creditors. These payments cover about two-thirds of Celsius' eligible creditors (by number) and about 93% of eligible value.
Bitwise Bitcoin ETF to Acquire All Assets of Osprey Bitcoin Trust
According to The Block, Osprey Funds, the sponsor of Osprey Bitcoin Trust (OBTC), has reached an agreement with Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, and BITB will acquire all assets of the OBTC fund. In March of this year, Osprey said it was considering other strategic moves such as selling or merging with the Bitcoin ETF. Osprey must complete the sale or merger by September 1, 2024, otherwise it will liquidate OBTC. Osprey Funds said in a statement: "As part of this transaction, OBTC share holders will receive BITB shares as part of the OBTC liquidation distribution. For existing BITB holders, there will be no changes to their shares, and there will be no changes to BITB's operations." Before BITB acquired OBTC, Bitwise acquired ETC Group, a London-based cryptocurrency ETP issuer, on August 19. Data shows that BITB's asset size accounts for 4.69% of the Bitcoin spot ETF market.
BlackRock to List Ethereum ETF on Brazil’s B3 Exchange on Wednesday
According to CoinDesk, citing local media Portal do Bitcoin, BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil's B3 exchange on Wednesday. The ETF will be traded in the form of Brazilian depositary receipts (BDRs) with the stock code ETHA39, which is a certificate representing foreign company stocks traded in the South American country. Nicolas Gomez, head of ETFs, index investments and products for Latin America at BlackRock, said: "The launch of ETHA39 now allows investors to invest in the two cryptocurrencies with the largest market capitalization." Earlier in March this year, BlackRock's iShares Bitcoin Trust ETF (IBIT) also began trading on the Brazilian Stock Exchange. In addition to Bitcoin and Ethereum, the Brazilian Securities and Exchange Commission (CVM) recently approved two Solana-based ETFs to be listed on B3.
Crypto Bank Xapo to Partner with Hilbert Capital to Manage $200 Million Bitcoin Hedge Fund
According to CoinDesk, crypto bank Xapo will work with Hilbert Capital to manage a Bitcoin-denominated hedge fund with an initial capital of $200 million. The fund will be launched in September and will be open to enterprises, commercial institutions and professional investors. Xapo director Joey Garcia said the move is intended to provide participants with not only Bitcoin price exposure, but also a structured way to increase the value of Bitcoin investments. The fund's fees will be lower than traditional hedge funds with a 2% management fee and a 20% performance fee.
Nasdaq and CF Benchmarks submit application to SEC to launch Nasdaq Bitcoin Index Options
According to GlobeNewswire, Nasdaq, in cooperation with CF Benchmarks, has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch the Nasdaq Bitcoin Index Options (XBTX). The option will be based on the CME CF Bitcoin Real-Time Index (BRTI) and provide market participants with tools to manage cryptocurrency investments and hedge risks. This cooperation aims to promote the maturity and liquidity of the digital asset market by combining the stability of traditional securities markets with the innovation of cryptocurrencies. In addition, XBTX will adopt European exercise and cash settlement mechanisms to further enhance market transparency and investor confidence.
Terra: Shuttle Bridge has been reopened, users need to redeem assets as soon as possible before the deadline
Terra said on the X platform: "The new Shuttle Bridge interface is now open and can be used to redeem wrapped assets. Reopening the bridge allows users to transfer LUNC and USTC assets that were bridged to Ethereum Mainnet, BNB Chain (BSC), and Harmony Network back to Terra Classic. The bridge will be open from now until 30 days after the effective date of Terraform Lab's Chapter 11 bankruptcy plan (estimated to be around October 30, 2024, based on the expected effective date of September 30, but this date is subject to change). Opening the bridge provides users with the opportunity to redeem assets and use them as needed. Please be sure to redeem your assets as soon as possible. After the bridge is closed, user assets still in the contract will be destroyed and the bridge will be permanently closed."
Binance Futures will launch MBOX 1-75x USDT perpetual contracts
According to the official announcement, Binance Futures will launch the MBOX/USDT perpetual contract at 17:30 (ET8) on August 28, 2024, with a maximum leverage of 75 times.
Binance will remove 5 spot trading pairs including ALCX/BTC, BCH/TUSD
According to the official announcement, based on the recent review results, Binance will remove ALCX/BTC, BCH/TUSD, CHZ/BRL, ETHFI/BNB, OMNI/BRL spot trading pairs and stop trading at 11:00 on August 30, 2024 (Eastern Time).
Vitalik: Airdrops are an ideal use case for testing blockchain identity and credential frameworks
Ethereum co-founder Vitalik Buterin said at X that the airdrop is an interesting initial use case for verifying zero-knowledge proofs (ZK), blockchain identity, credentials, and proof frameworks. He pointed out that the goals of the airdrop include: distributing to community members rather than random users who sell immediately, rewarding project contributors, maintaining relative fairness (allowing a certain degree of difference), and resisting malicious extractive arbitrage. Buterin believes that these are exactly the characteristics that identity, credentials, and proof frameworks are designed to achieve, so using token issuance as an initial use case for these frameworks to test and optimize, especially in adversarial environments, is a very reasonable approach.
Binance will remove MATIC spot trading pairs and will open POL/BNB, POL/BTC, POL/ETH and other spot trading pairs on September 13
Binance announces a plan to support the token swap of Polygon (MATIC) to Polygon (POL). Binance will stop trading and delist all existing MATIC spot trading pairs (MATIC/BNB, MATIC/BRL, MATIC/BTC, MATIC/ETH, MATIC/EUR, MATIC/FDUSD, MATIC/JPY, MATIC/TRY, MATIC/USDC and MATIC/USDT) at 11:00 on September 10, 2024 (GMT+8), and will automatically remove all pending orders. Binance will open spot trading of POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC and POL/USDT at 18:00 on September 13, 2024 (GMT+8).
The TON network is now producing blocks normally after being down for more than 7 hours
According to official news, the TON blockchain is now producing blocks normally and the network has been restored online. Earlier news said that the TON network had stopped producing blocks since 06:11:46 Beijing time today, which lasted for more than 7 hours.
Later in the day, TON Status announced that it will release a node update in the next few days to address recently discovered issues.
Financing News
Game company Gameplay Galaxy completes $11.17 million in financing, led by Blockchain Capital and Merit Circle
According to The Block, Web3 game development studio Gameplay Galaxy raised $11.17 million in the latest seed round of extended financing, led by Blockchain Capital and Merit Circle, with other anonymous investors participating. This round of financing brings the company's valuation to $71 million. Gameplay Galaxy was founded in 2022 by the founding team of the Trial Xtreme series, and plans to transform its successful extreme sports game brand into a Web3 ecosystem. The studio is currently developing its first Web3 game, Trial Xtreme Freedom, and plans to officially release it in the first quarter of next year, while issuing game tokens.
Solana restaking protocol Solayer completes $12 million seed round led by Polychain Capital
According to The Block, Solana's re-staking protocol Solayer has completed a $12 million seed round of financing, led by Polychain Capital. Other investors include Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE and Arthur Hayes' family office Maelstrom. Solayer co-founder Rachel Chu said the round ended in May and it valued Solayer at $80 million. Solayer plans to use the new funds to expand the team, integrate new protocols and prepare for the second phase of the platform. The project plans to recruit more employees in functions such as growth, institutional partners and engineering. Solayer also plans to launch its native token in the future, which Chu said is "under design." Earlier this month, Binance Labs said it had invested in Solayer. Chu said Binance's investment was part of the seed round. Last month, Solayer also announced a pre-seed financing round of undisclosed size, with angel investors including Solana co-founder Anatoly Yakovenko and Polygon co-founder Sandeep Nailwal. Solayer is a Solana-based re-staking protocol that allows users to lock their staked assets in different protocols to earn additional rewards.
Space and Time Completes $20 Million Series A Funding, Led by Framework Ventures and Others
According to Fortune, Space and Time, a startup backed by Microsoft, has completed a $20 million Series A round of financing, led by Framework Ventures, Lightspeed Faction, OKX Ventures, Arrington Capital, and Hivemind Capital. The company focuses on combining blockchain technology with artificial intelligence to ensure the verifiability and transparency of AI-generated content. Space and Time previously received $20 million in financing led by Microsoft's M12 Ventures in September 2022. This round of financing will further promote its technological development and enable it to take a leading position in the field of AI and blockchain integration.
Web3 streaming platform Myco completes $10 million Series A financing, with Aptos Labs and others participating
According to Arabian Business, Myco, a Web3 streaming platform based in the UAE, announced the completion of a $10 million Series A financing round, with participation from Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners and Enjinstarter, as well as a group of angel investors. The company's valuation in this round of financing reached $80 million, and the new funds will be used to further expand the Middle East and North American markets. Previously, Myco also announced a partnership with the Aptos Foundation to achieve decentralization of streaming content on the Aptos blockchain. Mycomyco is a content traffic dApp that supports seamless integration of AVOD and SVOD functions in a decentralized environment, and uses the Web3 economic layer driven by the vision of providing true empowerment and ownership to viewers and content owners. The current content covers live sports, movies, documentaries, and UGC content.
Important data
A whale sold 294.05 WBTC on the chain in the past three hours, worth $17.46 million
According to on-chain analyst @ai_9684xtpa, the whale 0xE00...7fe05 sold 294.05 WBTC on the chain in the past three hours, worth $17.46 million, with an average selling price of $59,377. These tokens were bought at an average price of $57,777 in the past three years, and now the liquidation has made a profit of $470,000.
Wintermute deposited a total of 17,571 ETH to Binance in the past 8 hours, equivalent to approximately US$43.41 million
According to The Data Nerd, Wintermute deposited 14,759 ETH (about 36.26 million USD) to Binance about 20 minutes ago. In the past 8 hours, it has deposited a total of 17,571 ETH (about 43.41 million USD) to Binance, which came from other CEXs: OKX, Coinbase, Gate, Bybit, Kraken, etc.
The total net outflow of the US Ethereum spot ETF yesterday was US$3.4452 million, and the net outflow continued for 9 consecutive days
As of now, the US spot Bitcoin ETF had a net outflow of US$127 million yesterday, and Valkyrie's BRRR has not been updated yet
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