Compiled by: Luan Peng, ChainCatcher
Important Information:
Terraform Labs: If takeover negotiations with third parties fail, the company's products and services may be shut down on October 30
Binance adjusts leverage and margin tiers for multiple U-margined perpetual contracts
Ethereum core developer Péter Szilágyi: Money can’t buy developer passion
QCP Capital: The macro environment is favorable for cryptocurrencies, and China's loose policies and the Fed's interest rate cut expectations boost the market
Blockchain education platform EasyA launches EasyA x Polkadot University focused on blockchain developers
Bybit CEO: The launch of DOGS has attracted millions of registered users, making it the most popular token in Bybit’s history
Sonic mainnet will be open to the public in December this year
Taiwan's Yunlin cracked a virtual currency fraud case, with the victim defrauded of more than NT$134 million
“What important events have occurred in the past 24 hours?”
Terraform Labs: If takeover negotiations with third parties fail, the company's products and services may be shut down on October 30
Terra's official X account announced that Terraform Labs continues to discuss with a third party to take over the operation of some of our products and services. However, if the negotiations are unsuccessful, these products will be shut down on October 30, 2024. Products and services include:
产品：1.Enterprise Protocol；2.Warp Protocol；3.Statio；4.Alliance Hub。
Services: 1. Finder block browser; 2. Foundation; 3. IBC relayer; 4. Mantlemint, FCD and API services.
Binance adjusts leverage and margin tiers for multiple U-margined perpetual contracts
Binance Futures updated the leverage and margin tiers of USDⓈ-M perpetual contracts including NEIROUSDT, UXLINKUSDT, CKBUSDT, 1MBABYDOGEUSDT, SAGAUSDT, CATIUSDT, TURBOUSDT and POPCATUSDT at 15:30 on September 25, 2024 (GMT+8).
Ethereum core developer Péter Szilágyi: Money can’t buy developer passion
Ethereum core developer Péter Szilágyi shared insights on developer motivations. He said that people have a fundamental misunderstanding of builders. Szilágyi pointed out that most developers start coding before considering monetary rewards, and they do so because creating things is fun, challenging, and exciting.
He stressed that while money can buy developers’ time, it cannot buy their passion. Szilágyi believes that in addition to investing time, passion is also needed to accomplish great work.
QCP Capital: The macro environment is favorable for cryptocurrencies, and China's loose policies and the Fed's interest rate cut expectations boost the market
QCP Capital's latest report points out that the current macro environment is increasingly favorable for risky assets, including cryptocurrencies. The People's Bank of China has introduced a series of policies to stimulate the real estate and stock markets, including a 500 billion yuan swap facility for non-bank financial institutions, and these measures have begun to bear fruit. QCP Capital expects China to further relax its policies, and with the Federal Reserve likely to join the global rate cut cycle, major central banks (except the Bank of Japan) are ready to inject more liquidity into the market. The spread between the US 2-year and 10-year Treasury yields continues to widen, currently reaching 21 basis points, indicating that the market is optimistic about economic growth.
In addition, US Vice President Kamala Harris expressed positive views on artificial intelligence and digital assets, triggering a rise in related currencies. The US Securities and Exchange Commission (SEC) approved options trading for BlackRock Bitcoin Spot ETF (IBIT), showing that digital assets as an asset class are gaining more and more recognition and demand.
Blockchain education platform EasyA launches EasyA x Polkadot University focused on blockchain developers
Blockchain education platform EasyA announced the launch of EasyA x Polkadot University. This is a university focused on training the next generation of blockchain developers. EasyA alumni have founded companies worth more than $250 million.
EasyA x Polkadot University will bring the next generation of founders into the Polkadot ecosystem and allow them to launch their own projects on Polkadot.
Bybit CEO: The launch of DOGS has attracted millions of registered users, making it the most popular token in Bybit’s history
In an interview with "Wu Shuo", Bybit CEO Ben Zhou revealed that the launch of DOGS tokens has attracted millions of registered users to the platform, including approximately four to five million deposited users. New users are mainly from Nigeria, India and Russian-speaking areas. , Europe also accounts for 30% to 40%, and it is the token with the most significant new effect so far.
However, this token model has “started to be copied a bit too much”, and its effect of attracting new users may gradually weaken. The effect of attracting new users in the next wave of token projects will also decrease. Hamster may become the last token of this model on Bybit’s list.
Sonic mainnet will be open to the public in December this year
Sonic Labs co-founder Andre Cronje posted on X that the Sonic mainnet will be open to the public in December 2024.
Sonic Key Highlights:
Up to 90% of Gas Rebates from User/Contract TXs are returned to the protocol
True 10k tps+ // ~1s TTF
Native Stablecoin
Ethereum Security Gateway
Funding available through Sonic BOOM
Funding through the Innovators Fund
200 Million Tokens Airdrop
Taiwan's Yunlin cracked a virtual currency fraud case, with the victim defrauded of more than NT$134 million
According to China News Network, the Yunlin District Prosecutor's Office in Taiwan recently cracked a fraud case in which the victim was defrauded of more than NT$134 million (about US$4.2 million). It is reported that in July last year, the police arrested a 30-year-old "driver" (meaning a person who specializes in helping fraudsters withdraw fraudulent funds) named Chen, who was suspected of using virtual currency for fraud. Subsequently, the police arrested another 28-year-old "driver" named Chen and applied to the local court for detention, which was approved.
The prosecutors said that the case also found that the "driver" Yu was a member of the Mingren Club of the Bamboo Union Gang, and his boss Wu led dozens of Taiwanese "driver" groups and managed more than 40 virtual currency wallets. The prosecutors said that more than 20 searches were launched before and after the case, and more than 90 million yuan in cash and more than 50 million yuan in virtual currency were seized. The case prosecuted 33 people involved in the case for fraud, leaking secrets, forging documents, money laundering and other crimes.
SEC Chairman Admits Debt Box Case Was Mishandled
SEC Chairman Gary Gensler was criticized by lawmakers at a hearing yesterday for his handling of the Digital Licensing Inc., also known as Debt Box, case. Republican Whip Tom Emmer accused the SEC of overregulation and freezing Debt Box assets based on false information, leading the court to impose sanctions on the SEC for approximately $1.8 million.
Gary Gensler acknowledged that the situation was “handled badly” and expressed his frustration with Emmer’s approach to continuing to push the agency to regulate digital assets.
Harris campaign office shot in Arizona
According to the New York Post, US police are investigating a shooting at Vice President Kamala Harris's Arizona campaign office this week.
Gunfire damage to the Democratic National Committee campaign office off South Avenue in Tempe was discovered after midnight Monday, according to the Tempe Police Department.
"No one was inside the office during the night, but it raises concerns for the safety of those who work in the building and those nearby," said public information officer Sergeant Ryan Cook.
Police said detectives are analyzing evidence collected at the scene and have taken additional measures to increase safety for staff and those in the surrounding area.
US SEC Delays Decision on BlackRock and Bitwise Ethereum Spot ETF Options Trading Application
According to CryptoSlate, according to the latest regulatory documents, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on BlackRock and Bitwise's Ethereum spot ETF options trading applications, and the latest deadlines will be November 10 and November 11, respectively. The SEC said it needs more time to consider the proposal and extended the initial 45-day review period.
According to previous news, the SEC has approved the listing and trading of BlackRock Bitcoin spot ETF (iShares Bitcoin Trust, IBIT for short) options.
Web3 eSports Platform MTT Sports Completes $10 Million Funding and Will Launch Bitcoin Tournaments
Web3 esports platform MTT Sports will launch a Bitcoin tournament in October, where participants have the opportunity to win 1 Bitcoin, and participation is completely free. Starting from October 1, the rewards for weekly tournaments will include 1 Bitcoin and at least 100,000 MTT tokens. The project team plans to prepare 100 Bitcoins as promotion rewards.
MTT Sports is a poker tournament application designed specifically for multi-table tournaments (MTTs) and does not support cash table games. The team's mission is to promote the MTT tournament model globally and encourage more people to participate in this fair and competitive tournament model. MTT Sports has developed an EVM-compatible MTT Network chain using the Cosmos SDK. The random card dealing process of the game will be verifiable on the chain to ensure transparency and openness.
It is reported that MTT Sports has obtained US$10 million in anonymous financing, and most of the team members are experienced developers.
"What are the interesting articles worth reading in the past 24 hours?"
Will DeFi's revival, institutional entry and new gameplay recreate its glorious history?
The summer of 2020, dubbed the “Summer of DeFi,” was an incredible period in the cryptocurrency industry. For the first time, DeFi was not just a theoretical concept, but one that worked in practice. During this period, we witnessed the proliferation of multiple DeFi-native protocols — including Uniswap’s decentralized exchange (DEX), aave’s lending protocol, SkyEcosystem’s algorithmic stablecoin, and many more.
Subsequently, the total locked value (TVL) in decentralized finance (DeFi) applications grew significantly. From about $600 million at the beginning of 2020, TVL rose to more than $16 billion by the end of the year and reached an all-time high of more than $210 billion in December 2021. This growth was also accompanied by a strong bull market in the DeFi field.
Sui sets off a meme trend, a quick guide to trading tools and popular tokens
The market value of the leader is approaching 60 million US dollars, and the second leader has increased 5 times overnight to exceed 10 million US dollars.
A crypto event about "cyber states". What did technology leaders such as Balaji, Vitalik and Naval say?
In the past week, the lively and bustling crypto atmosphere has filled Singapore, with project owners, VCs, exchanges, developers, media, KOLs and other core crypto forces gathering here. Among them, Token2049 and Solana Breakpoint are undoubtedly the most discussed crypto events in the market, and related essays tell the participants' experiences and industry observations.
In contrast, the annual Network State Conference is also packed, but is rarely mentioned in China. The Network State Conference was initiated by Balaji Srinivasan, a well-known angel investor in Silicon Valley. He is the author of the Wall Street Journal bestseller "The Network State", which challenges the traditional state in the field of governance and proposes that in the future online communities can crowdfund territories around the world and transform into sovereign entities. At the same time, Balaji is also a loyal believer in Bitcoin. He has served as a16z general partner and Coinbase CTO, and has invested in well-known crypto projects such as Ethereum, Solana, NEAR and Chainlink.
Ethereum’s 10-year power transition: 3 internal reshuffles, now trying to bid farewell to the Vitalik era
The "car" is too heavy and the "bank" is too scattered. As the world's 34th largest asset, the price of ETH has stagnated, and Ethereum has ushered in its own "midlife crisis."
This year is a special year for Ethereum, as it is the 10th anniversary of ICO. Looking back at the global technology companies, Apple, which was 10 years old, almost went bankrupt, and its market value was only $20 billion at its highest. Microsoft, which has been listed for ten years, has seen its market value grow from $670 million to $130 billion. Ethereum’s market value is $321 billion. Although Ethereum’s market value has grown rapidly in the first 10 years, it was even once thought to surpass Bitcoin. However, in this round of cryptocurrencies, while Ethereum is stagnant, Bitcoin has repeatedly hit new highs, and Solana has “reborn from the ashes.” After repeatedly reflecting on “What happened to Ethereum?”, the community truly realized that Ethereum is facing a dilemma of being faced with wolves in front and tigers behind, and it is not irreplaceable.
In fact, the Ethereum Foundation has many shortcomings and its organizational structure is very chaotic. As a decentralized non-profit organization, it is not easy to handle the internal organizational structure of Ethereum. Looking back at the history of Ethereum, the eight founding teams "separated" due to disagreements, which was a crypto version of the "Silicon Valley Eight Fairies". After Vitalik was left alone, this decentralized non-profit organization became the "centralized" era of this prodigy, and his influence and authority were unprecedented.
Today, the complex relationships and ideological conflicts within the Ethereum Foundation continue, researchers are spitting at each other, and ideologies are subtly changing. After experiencing the changes in the crypto era, the survival and death of the Russo-Ukrainian war, and the realization of life, the 30-year-old Vitalik seems to have started a new script, playing a completely different new role in Ethereum.
Exclusive interview with Bybit CEO Ben: How did the second largest offshore CEX rise? Talking about the company's strategic changes, dealing with US regulation, and the prospects of the TON ecosystem
This article is an interview with Bybit CEO Ben Zhou during Singapore 2049. Wu said that he has been paying attention to Bybit for a long time, from the initial Bybit relying on product experience and no KYC to surpass BitMEX, to the crazy full expansion and bear market contraction and layoffs, and now focusing back on professional derivatives and spot, once ranked second. Bybit CEO Ben elaborated on this mental journey in detail and responded to many questions frankly, including the reasons for the transformation, the current strategy, how to view the rise of TON, how to deal with US regulation, and what is Bybit's corporate culture. Ben joked that he is currently the only founder of a large exchange who can speak out and accept interviews.
It should be noted that this article reflects the views of the interviewees and does not represent the views of Wu Shuo. Readers are requested to strictly abide by local laws and regulations.
