● Binance Labs announces 12 incubation projects for the sixth season
Binance Labs announces 12 incubation projects for the sixth season, including:
1. One-click summary deployment framework Vistara;
2. UXUY, a multi-chain platform based on MPC and AA wallet technology;
3. BBOX, a sustainable decentralized exchange on Linea;
4. Derivio, a decentralized structured derivatives ecosystem based on zkSync;
5. Ethena, a derivative infrastructure provider that converts ETH into crypto-native stablecoins;
6. Chain-independent order flow aggregator and smart liquidity router Shogun;
7. MyShell, an AI-based Web3 chatbot platform;
8. AI-based Prompt-UGC platform NFPrompt;
9. QnA3, an AI-based Web3 knowledge sharing and search platform;
10. Cellula, an autonomous life simulation strategy game based on Ethereum;
11. Crypto Café, a platform for learning and making money on blockchain and encryption topics;
12. MetaCene, the Web3-native massively multiplayer online role-playing game home.
● CZ responded to Binance's delisting of European stablecoin reports: out of context, there are partners who launched the euro and other stablecoins in a fully compliant manner
Binance founder and CEO Changpeng Zhao (CZ) responded to CoinDesk’s article about "Lawyers are confused about EU MiCA, Binance warns that multiple stablecoins will be delisted" and said that this was a question of taking things out of context. "In fact, we have several partners who have launched euros and other stablecoins, of course in a fully compliant manner."
● Binance: Previously, we did a lot of wallet aggregation when the gas fee was low, which was a routine operation
This afternoon, Ethereum gas fees briefly soared to 300 gwei, and analysts said it was related to Binance's wallet reorganization. In response, Binance officially responded that the platform was only doing the collection when the gas fee was low, and gave the following explanations: 1. Usually, exchanges will do wallet collection, mainly to facilitate users' withdrawals and ensure the safety of funds; 2. What triggered the discussion this time was the large number of collections, mainly because the gas fee is currently low, so the operation team collected more wallets in this adjustment.
● Goldman Sachs postpones forecast of first Fed rate cut to fourth quarter of 2024
According to Jinshi.com, Goldman Sachs postponed its forecast for the Federal Reserve's first interest rate cut from the second quarter of 2024 to the fourth quarter of 2024.
● Taiwan legislators proposed Taiwan’s first cryptocurrency law, with a draft bill containing 12 items
According to BlockTempo, the Taiwan Financial Supervisory Commission convened all cryptocurrency trading platforms in Taiwan that had completed the "Anti-Money Laundering Law Statement" in early August to discuss the "Virtual Asset Platform and Trading Business (VASP) Guidelines" to be announced at the end of September. Legislator Jiang Yongchang held a press conference at the Legislative Yuan and announced that he would propose Taiwan's first virtual asset law during this session.
The draft bill includes 12 items: 1. The virtual asset industry is a licensed industry and is subject to tiered management; 2. All virtual asset operators should join the association and abide by the association's self-regulatory regulations; 3. Virtual asset operators may issue virtual assets themselves or for others; 4. Virtual asset operators may operate virtual asset-derived products, services and virtual asset-derived financial products; 5. Virtual asset operators must formulate virtual asset on- and off-shelf review procedures and trading rules; 6. Regulations on the separation of virtual asset operators and customer assets; 7. Regulations on contracts and advertising marketing between virtual asset operators and customers; 8. Information security regulations for virtual asset operators; 9. Regulations on money laundering prevention, internal audit and internal control systems for virtual asset operators; 10. The virtual asset industry shall comply with the financial supervision of the competent authority and cooperate with the competent authority in audits; 11. Establish a virtual asset fund to implement customer rights protection; 12. Prohibition of unfair trading practices.
● Ripple's legal fees reach $200 million, and Asia is the key to the company's future growth
According to Fortune magazine, Ripple CEO Brad Garlinghouse said Ripple’s legal expenses reached $200 million, after previously estimating litigation costs of more than $100 million in July 2022, Foresight News reported.
Additionally, Brad Garlinghouse said at Mainnet 2023, an annual summit hosted by Messari, that “Asia is a more favorable environment for the company’s future growth plans.”
● Bitcoin mining carbon footprint growth slows down, sustainable energy use exceeds 50%
According to Cointelegraph, despite the continued expansion of the Bitcoin network, the carbon footprint of Bitcoin mining has grown relatively slowly. Bloomberg analyst Jamie Coutts said that since 2021, the proportion of Bitcoin's sustainable energy use has continued to rise and now exceeds 50%. This helps slow emissions growth while driving the continued expansion of the network.
Coutts believes that the relationship between the growth of the Bitcoin network and global efforts to reduce fossil fuel use could "catalyze a wave of institutional and even sovereign investment capital." Energy accounts for more than 50% of mining operating costs, so access to the cheapest energy sources has an incentive to increase the network hash rate and reduce the industry's emissions or carbon intensity.
