Arrangement: Fairy, ChainCatcher
Important Information:
Terraform Labs receives approval from U.S. Bankruptcy Court to begin liquidation
Franklin Templeton plans to launch mutual fund on Solana blockchain
BNB Chain announces integration with Telegram
Data: The Ethereum Foundation has sold ETH 4 times this month, a total of 950 ETH
German government shuts down 47 exchanges, citing links to “illegal activities”
BingX: A hacker attack was detected at 4 a.m. and an emergency plan has been activated
Jupiter announces acquisition of full-chain AMM aggregation platform Coinhall
“What important events have occurred in the past 24 hours?”
Terraform Labs receives approval from U.S. Bankruptcy Court to begin liquidation
According to Reuters, Terraform Labs received approval from the U.S. Bankruptcy Court on Thursday to begin liquidation. U.S. Bankruptcy Judge Brendan Shannon approved Terraform's bankruptcy plan at a hearing in Wilmington, Delaware, calling it a "welcome alternative" to continued litigation for investor losses. Terraform estimates that as part of the bankruptcy liquidation, it will be able to pay $184.5 million to $442.2 million to cryptocurrency investors and other stakeholders.
Earlier news, according to Terra's official announcement, the planned confirmation hearing for the Chapter 11 bankruptcy reorganization case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been scheduled for 10 a.m. Eastern Time on September 19, 2024 (10 p.m. Beijing time).
Franklin Templeton plans to launch mutual fund on Solana blockchain
At the Solana Breakpoint conference, asset management firm Franklin Templeton announced plans to launch a mutual fund on the Solana blockchain.
BNB Chain announces integration with Telegram
BNB Chain announced that it has integrated with the messaging application Telegram. This integration makes Web3 more accessible, and users can use the Telegram wallet to manage BNB.
Data: The Ethereum Foundation has sold ETH 4 times this month, a total of 950 ETH
According to Spot on Chain statistics, the Ethereum Foundation has sold ETH 4 times this month, a total of 950 ETH (about 2.27 million US dollars), with an average price of 2,392 US dollars, and a selling operation is carried out every 4-7 days.
German government shuts down 47 exchanges, citing links to “illegal activities”
German authorities have shut down 47 cryptocurrency exchanges suspected of being involved in criminal activities such as money laundering, saying that the exchanges deliberately failed to fulfill their obligations to conduct identity and background checks on their customers. Some of the exchanges included Xchange cash, 60cek, Baksman, and other smaller platforms. One of the exchanges has been active since 2012, while others were founded only the year before.
BingX: A hacker attack was detected at 4 a.m. and an emergency plan has been activated
Vivien Lin, Chief Product Officer of BingX, posted on the X platform: “Around 4 a.m., the technical team detected abnormal network access and suspected that the BingX hot wallet was attacked by hackers. The emergency plan was immediately launched, including emergency transfer of assets and suspension of withdrawals. A small amount of assets have been lost, but the amount is not large and is still being counted.
In order to protect user assets, we adopt a tiered management system, with most assets stored in cold wallets and only a very small amount of assets stored in hot wallets for withdrawal. To ensure safety, we are conducting emergency inspections and strengthening wallet services, and temporarily suspending withdrawals. We apologize for the inconvenience caused to you. Withdrawals will be resumed within 24 hours at the latest. "
Jupiter announces acquisition of full-chain AMM aggregation platform Coinhall
At the Solana Breakpoint conference, in addition to acquiring the Solana browser SolanaFM, the Solana ecosystem DEX aggregator Jupiter also announced the acquisition of the full-chain AMM aggregator Coinhall.
According to crypto data platform Rootdata, Coinhall provides real-time prices, charts, trade aggregation and analysis of all AMM DEXs in the Terra, Juno, Near and Cosmos ecosystems.
Societe Generale Subsidiary SG Forge to Issue Euro Stablecoin EURCV on Solana
According to Coindesk, SG Forge, a subsidiary of Societe Generale, announced that it will launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.
EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to U.S. dollar stablecoins such as Tether and Circle.
However, EURCV has not performed well on Ethereum. According to Etherscan data, there are currently only 28 holders, 154 transaction records, and a circulation of 33 million. SG Forge hopes to test the demand of crypto users for a euro stablecoin on a faster and lower-cost network by issuing EURCV on Solana.
"What are the interesting articles worth reading in the past 24 hours?"
From Dogs, Hamster to Catizen, which project will be the next to land on Binance?
Since mid-August, Binance Launchpool has launched four new projects related to the Ton ecosystem. First, the native token of the Ton chain, Toncoin (TON), was launched, followed by the meme project Dogs (DOGS) within its ecosystem. On September 12 and 13, the new coin mining of the hamster Hamster Kombat (HMSTER) and the kitten Catizen (CATI) was launched in succession, supporting users to participate in the HAMSTER and CATI token airdrop rewards by staking BNB and FDUSD.
On September 20, Binance officially launched Catizen token CATI trading pairs.
As of September 20, Binance has launched 6 TON-related projects, including the point-to-earn game Notcoin, the Telegram robot Banana Gun, the native token TON, the meme project Dogs, the hamster Hamster Kombat (HMSTER), and the kitten Catizen (CATI).
Among them, Dogs, Catizen and Hamster Kombat are all star projects that have attracted much attention in the Ton ecosystem. Binance's multiple proactive attacks on its ecological projects seem to imply that the battle for user traffic in the Ton ecosystem has begun.
Neiro universe, Trump buying hamburgers, Vitalik's dog... What's the hype about the ETH mainnet recently?
The Federal Reserve finally agreed to raise interest rates, and the market rose in response. The retail investors who had been looking forward to the "copycat season" were also reflecting their beautiful vision of the copycat prices.
In addition, the on-chain world, which has never been concerned about the market, has been bustling for a long time. Take the recent hot market of the Ethereum mainnet as an example: the ups and downs of the dispute over the uppercase and lowercase Neiro have not yet ended. Two weeks after the uppercase $NEIRO was launched, the lowercase $Neiro representing the power of the community was directly launched on Binance, and immediately pulled out nearly 30 times in two days. The community was full of laughter, and the craze of lowercase $Neiro also completely ignited the on-chain heat.
After the success of lowercase $Neiro, the concept coins of the Neiro-related Dog Universe also rose in price, with a basic increase of about ten times. However, the speed of hot spot changes is always beyond your imagination. Before the Dog Universe is warm, Trump's use of Bitcoin to buy hamburgers has benefited another group of people. The Ethereum blockchain token $BURGER has a market value of 5 million US dollars in less than half a day after its issuance, and related concept tokens have also risen one by one.
Analysis of DePIN competition landscape: Top projects occupy 80% of the market but have little revenue, and a wave of capital inflows is coming
As one of the important drivers of cryptocurrencies going mainstream, the DePIN ecosystem has shown strong development momentum and has become one of the main investment lines that capital has flocked to so far. However, at this stage, the expansion of the DePIN market scale is mainly due to the "big strides" of the leading projects, and the overall profitability is limited, and it also faces risks such as supervision and network security.
The overall scale has exceeded 20 billion US dollars, with Ethereum and Solana ecosystems as the main
DePINscan data shows that as of September 19, there were about 276 DePIN projects, mainly divided into categories such as AI, wireless, energy, services, sensors, data and computing. At present, the overall market value of DePIN has reached nearly US$21.23 billion, an increase of 17.1% from the beginning of the year, of which the top ten projects accounted for about 80.5% of the market value, reaching US$17.08 billion.
