Featured News:
1. Pyth Network: Pyth Entropy and Price Feeds have been deployed to Blast;
2. The issuance volume of PayPal's USD stablecoin PYUSD exceeded 290 million;
3. Backpack has been launched on MOBILE spot trading;
4. Chainlink and Circle collaborate to enable cross-chain stablecoin transfers;
5. A trader has made more than 100 times the profit from buying TROLL since Musk changed his personal information
Price Watch
Bounce-related tokens generally rose, and AUCTION rose by more than 30% in 24 hours
On January 17, according to market data, tokens related to the token issuance platform Bounce generally rose, among which: Bounce protocol token AUCTION is currently quoted at US$31.30, with a 24-hour increase of 31.3%; MUBI, which was recently launched on the Bounce platform, is currently quoted at US$0.2364, with a 24-hour increase of 19.21%; BSSB is currently quoted at US$4.11, with a 24-hour increase of 19.49%; AMMX is currently quoted at US$0.00411, with a 24-hour increase of 65.43%.
PENDLE breaks through $2.1, with a 24-hour increase of more than 24%
On January 17, according to market data, PENDLE broke through $2.1 and is currently quoted at $2.12, with a 24-hour increase of 24.61%.
MAV breaks through $0.66, up 28.77% in 24 hours
On January 17, according to market data, MAV broke through $0.66 and is currently quoted at $0.6655, a 24-hour increase of 28.77%.
Transaction Tracking
ARK Invest bought $15.89 million of ARK 21Shares Spot Bitcoin ETF yesterday and sold $15.84 million of ProShares Bitcoin Strategy ETF
On January 17, according to statistics from Ark Invest Daily, Cathie Wood's ARK Invest bought 385,427 shares of ARK 21SHARES BITCOIN ETF (worth approximately US$15.89 million based on yesterday's closing price) through the ARKW fund on January 16, and sold 757,664 shares of ProShares Bitcoin Strategy ETF (worth approximately US$15.84 million based on yesterday's closing price).
A whale lent out 10,247 ETH and deposited it into Mantle
On January 17, according to The Data Nerd, a whale borrowed 10,247 ETH (worth approximately $26.53 million) through the DeFi aggregation platform Instadapp 1 hour ago and pledged it to Mantle. The address also pledged 3,000 stETH and 2,990 rETH on EigenLayer.
Paidun: FTX/Alameda address transfers 1,000 ETH to Wintermute
On January 17, according to Paidun’s monitoring, the FTX/Alameda marked address had transferred 4,400 XAUT (about 8.9 million US dollars) to Coinbase and 1,000 ETH (about 2.6 million US dollars) to Wintermute.
Socket attackers have exchanged the stolen stablecoins for 1,137 ETH
On January 17, according to Ember’s monitoring, the cross-chain protocol Socket attacker had exchanged the stolen USDC and USDT stablecoins for 1,137 ETH at an average price of $2,564.
LINK, METIS, and AAVE top the Smart Money 24-hour inflow list
On January 17, according to Nansen 2 data, Smart Money’s 24-hour Ethereum network capital inflow tracking list is as follows:
LINK: about 1.42 million US dollars, currently priced at 15.84 US dollars, with a 24-hour increase of 3.41%;
METIS: about $690,000, currently priced at $118.35, down 1.4% in 24 hours;
AAVE: About 660,000 US dollars, currently priced at 102.06 US dollars, down 5.79% in 24 hours.
Aave founder exchanged 5,500 AAVE for 564,000 USDC in the past 7 hours
On January 17, according to Spot on Chain monitoring, Aave founder Stani Kulechov exchanged 5,500 AAVE for 564,000 USDC in the past 7 hours.
A trader has made more than 100 times the profit from buying TROLL since Musk changed his personal information
On January 17, according to Lookonchain monitoring, since Musk changed his profile to "(CTO) Chief Troll Executive", a trader immediately withdrew 4.313 ETH (10,113 USD) from Binance and spent 4.3 ETH to buy 19.37T TROLL. Then he sold 9.37T TROLL at 5.318 ETH (12,467 USD) to recover the cost. He currently holds 10T TROLL, worth $1.03 million.
The address suspected to be related to the FERRET deployer has purchased tokens within 1 second of the opening, and has made a floating profit of US$550,000
On January 17, according to Lookonchain monitoring, a suspected FERRET insider earned about $550,000 in the past 8 hours with only 0.34 ETH (about $878). The insider spent 0.34 ETH to buy 80 million FERRETs with 5 new wallets within one second after FERRET opened, and then sold 11.8 million FERRETs (about $54,000) at a price of 21 ETH. He currently holds 68.2 million FERRETs, which is worth about $497,000 at the current price. Lookonchain said that the insider seems to be related to the deployer, and both he and the deployer transferred FERRET to the wallet address starting with 0xE510.
FTX hacker transferred $12 million worth of Bitcoin this morning
On January 17, according to Arkham monitoring, the FTX hacker transferred another $12 million worth of Bitcoin this morning. Based on the previous transfer pattern, the funds are likely to be deposited into a cryptocurrency mixer. The hacker had mixed more than $600 million in Bitcoin when he last transferred Bitcoin on January 6. Currently, the hacker's address has transferred almost all of the stolen Bitcoin from his known accounts, leaving only 1.5 Bitcoins in the address balance.
Defiance Capital sold 710,000 LDOs at an average price of $3.34
On January 17, according to Lookonchain monitoring, Defiance Capital sold 710,000 LDO at an average price of $3.34 today, equivalent to about $2.37 million. Defiance Capital currently has 6.39 million LDO (about $21 million) left in 2 wallets.
Project News
Pyth Network: Pyth Entropy and Price Feeds deployed to Blast
On January 17, the oracle Pyth Network announced that it has become the preferred oracle partner of the Ethereum Layer 2 network Blast ecosystem. Its on-chain random number solution Pyth Entropy and price feed system Price Feeds have been deployed to Blast. Developers on Blast can now integrate more than 400 real-time price sources and new random number sources.
Cross-chain protocol socket: has been restored, post-analysis and next steps will be released
On January 17, the cross-chain protocol Socket said on its social platform that it has now resumed operations. The affected contracts have been suspended and the damage has been fully controlled. The bridge with most of its partner frontends has been restored. A detailed post-mortem analysis and next steps will be released later.
Bitcoin-powered Core public chain will launch LST token stCORE
On January 16, Core DAO announced the official launch of Liquid Staking and the LST token stCORE. stCORE aims to enhance the practicality of CORE tokens and simplify the staking process. This move enables token holders to maximize their asset potential with greater flexibility and efficiency, promotes the interaction between stCORE and other on-chain ecological protocols, and further lays an important foundation for the Core public chain to build a complete DeFi ecosystem.
It is reported that Core, a Layer 1 blockchain driven by Bitcoin, currently has nearly 40% of Bitcoin PoW computing power maintaining the operation of Core. The BTC staking that will be launched soon is very likely to work with stCore to create a new BTC 2.0 financial ecosystem.
Chainlink and Circle Collaborate to Enable Cross-Chain Stablecoin Transfers
On January 17, CoinDesk reported that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to allow users to easily transfer USDC between different blockchains. The statement pointed out that developers can now build cross-chain use cases involving USDC cross-chain transfers through CCIP, including payments and other DeFi (decentralized finance) interactions.
Backpack is now available for MOBILE spot trading
On January 17, according to official news, the cryptocurrency trading platform Backpack has launched MOBILE spot trading.
Venom Foundation CEO: Details of the mainnet launch plan have been discussed and will be announced through official channels
On January 17, Christopher Louis Tsu, CEO of the Venom Foundation, posted on social media that we discussed the details of Venom's mainnet launch plan over the weekend. Venom will not be launched secretly and will be announced on official channels such as Discord and the Venom Foundation. Please be careful to guard against fake accounts and verify all information.
Arbitrum community votes to approve the "Long-term Incentive Pilot Program" proposal
On January 17, according to the Snapshot governance page, the Arbitrum community voted to pass the "Long-term Incentive Pilot Program" proposal to pilot the distribution of ARB to protocols built on Arbitrum, with a total cost of 45,815,000 ARB. The proposal states that it aims to establish a long-term incentive pilot program for DAOs to test new incentive designs and answer questions needed to ensure that Arbitrum is ready to commit to long-term plans. The program will distribute ARB to the protocol within 12 weeks.
Canto's new proposal to reduce liquidity mining incentives by 10%
On January 17, the Cosmos ecological public chain Canto plans to submit three governance proposals today. If the proposal is passed, Canto will implement the following measures: reduce new liquidity mining incentives by 10%; provide funds for liquidity mining incentives in the next period; and reduce security issuance by 10%. The proposal will take effect immediately after it is passed. In addition, the liquidity mining rewards of multiple trading pairs will be adjusted accordingly, and the security issuance will be 2.248 CANTO per block.
Near Ecosystem Re-staking Platform Linear Finance Launches Governance Token LNR Through Genesis Airdrop
On January 17, Linear Finance, the Near ecosystem re-staking platform, announced the launch of the governance token LNR, which will be distributed to active community members through the Genesis airdrop. Users can log in to the NEAR wallet to claim LNR rewards before April 15, 2024. LNR will give holders governance rights, including participation in staking and re-staking strategies, multi-chain deployment and other decisions.
The total supply of LNR for the Genesis airdrop is 1 billion, of which: 10% will be distributed to LiNEAR stakers via airdrops; 9% will be used for team incentives for one year, followed by linear vesting over the next three years; 11% of tokens are reserved for future airdrops; 8% will be used for protocol development; 12% will be used for marketing and operations; 27% will be used for community initiatives; and 23% will be stored in the DAO treasury.
Smart Layer has integrated ENS CCIP with Smart Cats executable NFTs
On January 17, according to official news, Smart Layer has integrated CCIP (ERC-3668) of ENS domain name service with Smart Cats executable NFT. More than 20,000 Smart Cat holders have received ENS subdomains (such as tcati.TheSmartCats.eth) for their NFTs (ECR-6551 wallet addresses). The "Name Your Cat" feature was inspired by Vitalik's proposal, which emphasized the importance of economical ENS subdomains and off-chain/L2 data support.
Shell Trade IDO refunds completed, focus on planning SS20 allocations
On January 17, Shell Trade posted that the IDO refund has been successfully completed, and from now on the team will focus on planning the distribution of SS20. In addition, the bridge function will be launched at TGE. BlockBeats previously reported that on January 16, Shell Trade, a BRC20 cross-chain protocol based on the Solana network, completed the IDO sale at 4 pm Beijing time today, with an oversubscription rate of more than 2000%. A total of 570 million SS20 tokens were issued this time, equivalent to 57% of the total token supply. The fully diluted market value of TGE is US$1.5 million, and the total IDO sales scale is US$855,000.
GoPlus: A high-risk zero-day vulnerability on Chrome has been fixed, users can update the latest version in time
On January 17, GoPlus issued a risk warning on social media, saying that the high-risk zero-day vulnerability in Chrome (CVE-2024-0519) has been fixed, and users are requested to update to the latest version in time:
Windows users (120.0.6099.224/225)
Mac users (120.0.6099.234)
Linux users (120.0.6099.224)
It is reported that this vulnerability can be exploited by attackers to access data beyond the memory buffer, thereby obtaining sensitive information or causing a crash, or executing code in combination with other vulnerabilities.
EVM-compatible blockchain Monad to integrate with LayerZero
On January 17, the EVM-compatible blockchain network Monad announced that it will integrate with the cross-chain interoperability protocol LayerZero to support the seamless transfer of assets to more than 50 other blockchains. BlockBeats previously reported that on February 14, 2023, Monad Labs, an EVM-compatible blockchain project founded by Keone Hon, former head of research at Jump Trading, completed a $19 million seed round of financing, led by Dragonfly Capital, with participation from Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, angel investors Naval Ravikant, Cobie and Hasu.
CeFi News
Binance Futures will launch 1-75x USDC-based DOGE perpetual contracts
On January 17, according to the official announcement, Binance contract platform will launch DOGE USDC-based perpetual contract at 18:00 (Eastern Time Zone 8) on January 18, 2024, with a maximum leverage of 75 times.
Financing Express
LK Venture, a subsidiary of Linekong Interactive, has reached a strategic cooperation with Web3Labs to jointly invest in and incubate Web3 projects
On January 17, LK Venture, a subsidiary of Linekong Interactive, a Hong Kong-listed company, announced a comprehensive strategic partnership with Web3Labs, aiming to further strengthen investment and incubation in the Web3 field and jointly promote technological innovation and commercial applications in the industry. Through this cooperation, the two parties will focus on the Bitcoin network ecology, the intersection of artificial intelligence (AI) and Web3, blockchain games, Ethereum second-layer applications, emerging blockchain technology stacks and other fields, combining LK Venture's experience in crypto investment and research, and Web3Labs' professional capabilities in incubating and accelerating innovative projects, to jointly develop and support innovative Web3 projects, and strive to provide a more complete development platform for global Web3 entrepreneurs. Next, LK Venture and Web3Labs will gradually disclose cooperation plans on investment and incubation in the Web3 field to enable the development of more high-quality innovative projects.
Wang Feng, chairman of Linekong Interactive and founder of LK Venture, said that Linekong Interactive is accelerating the deployment of Web3 technology and applications, and LK Venture will give full play to its professional investment and research advantages in the field of Web3 to provide more resource support for innovative projects. We hope that through this cooperation with Web3Labs, we can bring new vitality and innovative opportunities to the development of the Web3 industry. Huang Junlang, CEO of Web3Labs, said, "We are very happy to cooperate with an industry-leading organization like LK Venture. This will greatly promote our support for Web3 entrepreneurial projects in Hong Kong and around the world, and provide innovators, entrepreneurs and investors with richer, more comprehensive and innovative solutions." Better resources.
Canza Finance Completes $2.3 Million Strategic Financing, Led by Polychain
On January 17, blockchain finance company Canza Finance announced the completion of a strategic financing of US$2.3 million, led by Polychain, with participation from ProtocolLabs, Ava Labs, 99 Capital, Bitscale Capital, Stratified Capital, Kairon Labs, etc. This round of financing will be used to further develop its tools and services, and is committed to reducing the cost of doing business on the African continent.
Ego Death Capital to raise $100 million for its second fund to invest in the Bitcoin ecosystem
On January 17, according to Bitcoin Magazine, Ego Death Capital announced a new round of financing, "Fund II", which aims to raise $100 million to promote the growth of the Bitcoin ecosystem. Founded in 2021, the venture capital firm is led by Jeff Booth, Andi Pitt, and Nico Lechuga, and has consulting support from Preston Pysh, Lyn Alden, and Pablo Fernandez. Previously, Fund I raised a total of $25.2 million.
MAP Protocol receives strategic investment from Bitrise Capital Growth Fund
On January 17, Bitcoin Layer2 project MAP Protocol received strategic investment from Bitrise Capital Growth Fund. The specific amount has not been disclosed. MAP Protocol was founded in 2019 after 5 years of development. It is a Bitcoin L2 for peer-to-peer cross-chain interoperability. Bitrise Capital was founded in 2017 and is a major player in the blockchain venture capital field, managing assets of more than $200 million.
Viewpoint Data
PayPal's USD stablecoin PYUSD issuance exceeds 290 million
On January 17, according to on-chain data, the total issuance of PYUSD, the US dollar stablecoin launched by PayPal, has reached 294,195,079 pieces, and the number of holding addresses is 31,714.
Newly issued spot Bitcoin ETF has attracted $2 billion in inflows
On January 17, James Butterfill, head of research at CoinShares, posted on social media that since the launch of the spot Bitcoin-based ETF, Grayscale Bitcoin Trust (GBTC) has seen $1.18 billion in outflows. This week, the Bitcoin Futures ETF (BITO) also saw $141 million in outflows. At the same time, the newly issued US spot Bitcoin ETF has attracted $2 billion in inflows.
Regulatory News
SBF parents seek to dismiss FTX lawsuit against them
On January 17, Cointelegraph reported that SBF's parents are seeking to dismiss the lawsuit filed by FTX against them, denying the allegations that they knew there were problems with the crypto trading platform and intentionally benefited from the company's misconduct. According to court documents on January 15, lawyers representing Joseph Bankman and Barbara Fried argued that FTX's lawsuit attempted to "take full advantage" of the fact that they were former FTX CEOs.
Coinbase's oral arguments in its request to dismiss SEC lawsuit begin Wednesday
On January 17, Blockworks reported that several months ago, Coinbase tried to get rid of the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), and now the company will soon face the agency in federal court. Coinbase's oral arguments for dismissing the lawsuit filed by the SEC last June will begin in Manhattan on Wednesday morning. The SEC filed a lawsuit against Coinbase in June 2023, claiming that the listed crypto trading platform was not registered as a broker, trading platform, and settlement agency when it operated. The agency claims that 13 cryptocurrencies on Coinbase are identified as securities: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.
Coinbase argued in August that the SEC overstepped its authority because none of the tokens met the classification of securities. The exchange’s lawyers further argued that the regulator’s permission to go public in 2021 through a direct listing was an effective approval of Coinbase’s business operations.
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