Today's news tips:
Insider: US SEC may approve Ethereum spot ETF as early as July 4
Animoca Brands considering listing in Hong Kong or the Middle East as early as next year
The first US presidential debate in 2024 will be held at 9 a.m. tomorrow
Worldcoin and Alchemy Partner to Support World Chain Infrastructure
Zeta Markets: ZEX token airdrop now available, claims open for 90 days
AI-driven blockchain project Ora completes $20 million financing, with Polychain and others participating
Blast Foundation: The next stage focuses on creating a full-stack chain and launching desktop and mobile wallets designed specifically for crypto users
US government sends 3,940 bitcoins to Coinbase, sells at least 195,000 bitcoins since 2014
Regulatory News
Nigerian regulator gives crypto firms 30 days to register or face enforcement action
According to Decrypt, the Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses or face the risk of enforcement action. The SEC said the new registration is intended to amend its rules on digital asset issuance platforms, exchanges and virtual asset service providers (VASP) custody. In a statement on its website, it said: "All operating and potential VASPs must visit the SEC electronic portal within 30 days from the date of this circular to complete the application process."
Insider: US SEC may approve Ethereum spot ETF as early as July 4
According to Reuters, citing industry executives and other people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) may approve the Ethereum spot ETF as early as July 4, and negotiations between asset management companies and regulators have entered the final stage. Eight asset management companies, including BlackRock, VanEck, Franklin Templeton and Grayscale, are seeking SEC approval for the funds. They said the process of revising the offering documents has progressed to the point where only "minor" issues need to be resolved. A lawyer working with one of the issuing companies also said that only the "final touches" are left, and approval may not take more than a week or two. Bloomberg ETF analyst Eric Balchunas previously expected the Ethereum spot ETF to be approved as early as July 2.
Abra settles unregistered business claims with 25 U.S. state regulators
According to The Block, crypto investment platform Abra and its founder William Barhydt have reached a settlement with 25 U.S. state financial regulators who accused Abra of operating without proper licenses. According to a statement released by the Conference of State Bank Supervisors (CSBS), the settlement requires Abra to stop providing cryptocurrency trading services to U.S. Abra Trade customers and requires the company to return $82 million in crypto assets to customers. CSBS said the states involved in the settlement agreed to waive a $250,000 fine to help repay customers. Abra previously said it would limit some of its services in the United States due to regulatory uncertainty. In the future, Abra will continue to operate in the United States through its investment advisor Abra Capital Management registered with the U.S. Securities and Exchange Commission (SEC), allowing customers to invest in cryptocurrencies, earn returns, pledge and borrow.
South Korea’s High Court rules in favor of the Fantom Foundation, finding that Andre Cronje led the development of Fantom
According to the official blog, the Fantom Foundation disclosed that the Seoul High Court of South Korea ruled in favor of the defendant Fantom Foundation and determined that Andre Cronje led the development of Fantom. The case stems from the allegations of the Korean food technology startup SikSin and its CEO Byung-Ik Ahn against the Fantom Foundation, claiming that they provided technical implementation services to Fantom, but Fantom failed to fulfill the service agreement and demanded payment of more than 198 million FTM. After the High Court trial, the court found that SikSin and Ahn failed to design a viable "Lachesis Protocol" according to the agreement and were suspected of plagiarizing other technical papers. The court also pointed out that the application that the plaintiff tried to develop was contrary to the direction of the Fantom project. The court confirmed that Fantom's success was attributed to the internal development team led by Andre Cronje and Quan Nguyen, and ruled that the plaintiff should bear all litigation costs.
Hong Kong Monetary Authority: Collaborating with the Bank of France to explore central bank digital currency opportunities
The first US presidential debate in 2024 will be held at 9 a.m. tomorrow
According to CoinDesk, the first presidential debate in 2024 will be held at 21:00 Eastern Time on Thursday (June 27) (09:00 Beijing Time on Friday). The crypto industry has been lobbying to ensure that digital assets are discussed in the televised presidential showdown. Potential comments on digital assets by the two candidates could trigger market volatility.
AI
Market News: SoftBank to support AI company Perplexity at a valuation of $3 billion
According to Jinshi.com, market news: SoftBank will support artificial intelligence startup Perplexity at a valuation of US$3 billion.
Project News
Blast Foundation: The next stage focuses on creating a full-stack chain and launching desktop and mobile wallets designed specifically for crypto users
The Blast Foundation announced its vision to accelerate the market's transition from an off-chain economy to an on-chain economy. The second phase of this mission begins today, which focuses on creating a full-stack chain. In this phase, the Blast Foundation will work with the community to create desktop and mobile wallets specifically for cryptocurrencies. Arcade Research has released the Blast app, which community members can use to claim the first phase of airdrops. After claiming, community members can claim ongoing Phase 2 rewards through the app, and after 4 months, the full wallet function will be launched.
Blur Launches Season 4 Rewards and Loyalty Program, Distributing 500 Million BLAST Tokens
According to the official blog, Blur announced the launch of Season 4 rewards and loyalty programs, which is powered by Fullstack Chain Blast. 500,000,000 BLAST have been allocated for Season 4. Season 4 will end in June 2025 (a total of 12 months). Regarding Blur points, users can earn points by bidding, placing orders, and borrowing on BLUR.io. Bidding and placing order points apply to all collections and are issued at the same rate, while lending points are only applicable to collections supported by the Blend protocol. The issuance rate of lending points is half that of bidding and listing points. In addition, there is a rolling 24-hour leaderboard that provides different boosts for the top 100 players in points within 24 hours, up to 2.5 times.
Wormhole: W airdrop claim window will close at 07:59 on July 4
According to Wormhole's official Twitter, the Wormhole W airdrop claim window will close on Wednesday, July 3 at 23:59 UTC (07:59 Beijing time on the 4th). If you need to check eligibility or claim the airdrop, please visit airdrop.wormhole.com. For SUI users who are unable to claim due to zkLogin issues, the official will provide an update soon.
Blast: BLAST tokens are now live, users have 30 days to claim the Phase 1 airdrop
Blast announced that the BLAST token is now live and users have 30 days to claim the Phase 1 airdrop. Phase 2 Fullstack Chain has now begun.
Market news: Animoca Brands is considering listing in Hong Kong or the Middle East as early as next year
According to market sources, Animoca Brands is considering listing in Hong Kong or the Middle East as early as next year. The Web3 giant is considering listing in Hong Kong or the Middle East, according to The Information, citing Animoca co-founder Yat Siu. Siu added that the company has held talks with investment banks but has not yet hired consultants. It is reported that Animoca was valued at US$5.9 billion when it last raised funds in 2022.
Coinbase will not perform the migration of OCEAN and FET to ASI on behalf of users
According to Coinbase Assets, Ocean (OCEAN) and Fetch.ai (FET) announced a merger to form the Alliance of Artificial Super Intelligence (ASI). The merger will be carried out in two phases: in the first phase, OCEAN will migrate to FET on July 1, 2024; in the second phase, ASI will be launched in mid-to-late July 2024, when FET will be merged into ASI. Coinbase will not perform the migration of these assets on behalf of users, but trading support for FET and OCEAN will continue. Users can use self-hosted wallets (such as Coinbase Wallet) to migrate their assets themselves.
Coinbase Launches Blast (BLAST)
Coinbase Assets said on the X platform that Coinbase will add support for Blast (BLAST) on the Blast Network (ERC-20 token). Trading will begin later today if liquidity conditions are met. Once the supply of the asset is sufficient, the BLAST-USD trading pair will be launched in phases.
MerlinSwap Phase 2 airdrop allocation proposal has started voting and will end on July 1
Merlin Ecosystem DEX MerlinSwap released the second phase of airdrop allocation proposal voting, which will end on July 1. The proposal includes using 2% of the total supply of tokens for airdrop rewards, specifically: 20% to MerlinSwap IDO participants, 20% to users who purchase MP tokens totaling more than $100, and 60% to esMP supporters, of which esMP Stakers and Boosters have a slightly higher weight than esMP Solid holders.
Polymarket and its oracle service UMA contradict each other over Barron Trump’s involvement in DJT token
According to CoinDesk, prediction market Polymarket has had a rare conflict with its oracle service UMA over whether Barron Trump should participate in the DJT token. Although UMA has repeatedly ruled that the answer is "no", Polymarket said UMA made a mistake and plans to correct it. The dispute has attracted widespread attention, with bets exceeding $1 million.
Paradigm releases Ethereum execution client Reth 1.0
Crypto investment company Paradigm has released the Ethereum execution client Reth 1.0, the first Ethereum execution client written in Rust and ready for production use. Reth 1.0 focuses on providing a stable Ethereum mainnet node, improving synchronization time, storage, and RPC throughput. Reth can fully synchronize an archive node from the genesis block in 50 hours, while other clients take days.
Binance has decided to take strict measures to combat account abuse
Binance announced that it will take measures to combat account abuse and maintain platform compliance and market credibility. Binance found that some account functions were abused and users used these accounts to gain unfair advantages, such as more favorable rates or higher API limits. In order to ensure the fairness of the platform and protect the interests of users, Binance will further strengthen the monitoring of all account usage and related activities, and investigate potential or suspected abuse incidents. When necessary, Binance will take appropriate measures, including suspending or terminating the use of relevant accounts.
Zeta Markets: ZEX token airdrop now available, claims open for 90 days
Zeta Markets, a decentralized exchange based on Solana, announced on X Platform that the ZEX token airdrop is now live. The claim period is 90 days and will close at 17:45 Beijing time on September 25, 2024. Official ZEX contract address: ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo. The ZEX airdrop kicks off the community ownership and governance of Zeta Markets, distributing 80 million ZEX to nearly 80,000 real Zeta users. Anyone who stakes ZEX before 17:59 Beijing time on July 25 (end of Genesis) is eligible to receive the 20 million ZEX staking airdrop.
JPMorgan Chase: Mt.Gox creditors may sell some Bitcoin in July to recover funds, and the crypto market is expected to gradually recover after August
According to The Blcok, the bankrupt cryptocurrency exchange Mt.Gox recently announced that it will begin distributing bitcoin repayments to creditors next month, totaling about 142,000 bitcoins, worth about $9 billion at current prices. Analysts at JPMorgan Chase expect that the market may be under pressure in the short term as creditors may sell some bitcoins to recover funds. However, analysts also pointed out that the cryptocurrency market may gradually recover after August as the market adapts and digests.
Meanwhile, creditors of another bankrupt crypto exchange, FTX, are also expected to receive repayments in cash in the coming months, with a total estimated at between $14 billion and $16 billion. Unlike the in-kind repayments of Mt. Gox and Gemini, FTX's repayments will be in cash, which will help directly increase market liquidity. Analysts believe that these cash repayments may be reinvested into the market by cryptocurrency-native creditors, further supporting the recovery of the cryptocurrency market.
However, analysts also warned that there may be a gap of about three months between the possible liquidation of Mt. Gox creditors and the reinvestment of FTX creditors, which may bring some uncertainty to the market. Especially in July, when Mt. Gox creditors begin to liquidate, the cryptocurrency market may face further pressure. But in the long run, with the reinvestment of FTX creditors, the market is expected to gradually return to stability.
Last month, creditors of Gemini Earn products have received digital assets worth $2.18 billion. Considering the recent volatility in the cryptocurrency market, JPMorgan analysts speculate that some creditors may have sold some or all of these assets in the near future for a profit.
State Street and Galaxy Digital partner to launch crypto-focused ETF
According to The Blcok, State Street Global Advisors (SSGA), one of the world's largest investment management companies, announced on Wednesday that it has partnered with Galaxy Asset Management to launch an ETF focused on cryptocurrency companies. The new fund, called SSGA Active Trust, is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC).
It is reported that the ETF plans to invest in stock securities, futures ETFs and contracts, and spot ETPs of cryptocurrency companies, covering a wide range of fields such as blockchain software developers, Bitcoin mining companies, exchanges and payment processors. The move is aimed at meeting the market's strong demand for more investment opportunities in the cryptocurrency industry in addition to pure Bitcoin spot. Anna Paglia, chief business officer of SSGA, said that the digital asset field contains more than just a single cryptocurrency component, and cryptocurrency-native companies are better able to understand this ecosystem and its relevance to the financial market. In the operation of the new ETF, State Street Bank and Trust Company will be responsible for management and accounting, while Galaxy will be responsible for daily operations.
It is worth mentioning that Galaxy Digital, an affiliate of Galaxy Asset Management, has jointly operated a spot Bitcoin ETF with Invesco. Since SSGA launched its first listed ETF in 1993, it has managed assets of more than $4.3 trillion as of March this year. Galaxy, which focuses on digital assets, manages assets of approximately $6.2 billion.
Telegram Mini Program Developers Can Now Earn Toncoin Through Adsgram
According to Cointelegraph, a new traffic monetization tool called Adsgram was recently released on the Telegram messaging app, which allows developers to earn Toncoin (TON) by placing advertisements in their mini-apps. This third-party platform officially launched by the TON community provides developers with a way to connect mini-apps or robots to the advertising system and display advertisements to earn Toncoin TON.
Unlike the Telegram Ads platform, Adsgram offers a variety of ad formats, including 15-second video ads, static banner ads, and the upcoming channel subscription feature. Its advertising system supports basic advertising payment models such as CPM and CPM, and tracks click-through rate, conversion rate, and fill rate. TON mini-app developers can earn up to $16 TON per thousand impressions through Adsgram.
As of May 2024, the Adsgram platform has reached 8 million daily impressions. In the early stage of release, the network features include mini-apps such as Gamee and Fonton Fantasy Football, with major traffic coming from Nigeria, Bangladesh, Germany and other countries. Developers can get CPM ranging from 0.5 TON (US$3.8) to 2 TON (US$16) depending on the audience.
Worldcoin and Alchemy Partner to Support World Chain Infrastructure
According to The Block, Worldcoin announced a partnership with Web3 development platform Alchemy to support World Chain infrastructure. Alchemy will work to integrate World ID into its tool set and promote it as an important part of Web3 infrastructure, providing seamless World ID access to millions of developers around the world. By working with Alchemy, developers who develop these important daily applications on World Chain will be able to immediately access a complete and comprehensive Web3 development platform, including core and data APIs, indexing solutions, and a set of other tools that developers need to build applications.
According to Wednesday’s announcement, World Chain will “work with Optimism, Coinbase and the broader Ethereum ecosystem as part of Superchain.” “Prior to migrating from OP Mainnet, Worldcoin routinely took up over 50% of available block space, and World Chain will also be the new home for World ID and World App.” The new blockchain is expected to launch sometime this summer, according to Worldcoin.
Financing News
AI-driven blockchain project Ora completes $20 million financing, with Polychain and others participating
According to Coindesk, AI-driven blockchain project Ora has completed a $20 million financing, with participation from Polychain, HF0 and Hashkey Capital.
It is reported that the blockchain project was founded in 2022 and aims to integrate AI into decentralized applications through its "on-chain AI oracle". The new funds will enable the project to continue to develop its technology and infrastructure to tokenize AI models and introduce decentralized AI into the Ethereum ecosystem.
Web3 entertainment and gaming platform Redacted completes $10 million in financing, led by Spartan Group
According to Venturebeat, Web3 entertainment and gaming platform Redacted has completed a $10 million financing round. Spartan Group co-led the investment, and other participants included Saison Capital, Animoca Brands and Polygon Ventures. Several Web3 founders, venture capital firms and angel investors also participated in this round of investment.
According to reports, Redacted is using blockchain and artificial intelligence to build a product ecosystem to form an entertainment data circle where Web3 users can play games, trade, watch and get rewards. With the support of RDAC tokens, Redacted supports its entertainment and gamification products through data protocols, which will provide users with a better and more targeted experience and bring business opportunities to Web3 companies and Dapps.
Mining News
Marathon Digital announces Kaspa mining operations, has mined approximately $15 million in KAS tokens
Marathon Digital Holdings announces its Kaspa (KAS) mining operations. As of June 25, 2024, the company has mined 93 million KAS, valued at approximately $15 million. Kaspa is the fifth largest Proof of Work (PoW) digital asset, with decentralized and scalable characteristics. Marathon has successfully diversified its revenue streams by deploying approximately 60 petahash of Kaspa ASICs in Texas, leveraging existing infrastructure and expertise, and plans to be fully operational in the third quarter of 2024.
Important data
US government sends 3,940 bitcoins to Coinbase, sells at least 195,000 bitcoins since 2014
According to Lookonchain, the US government-related wallet address sent 3,940 bitcoins to Coinbase. According to Bitcoin Treasuries data, the US government currently holds 213,546 bitcoins, which is worth more than $13 billion at current market prices. Casa co-founder Jameson Lopp said that since 2014, the US government has seized and sold at least 195,091 bitcoins, making a profit of more than $366 million.
A dormant miner address for 14 years transferred 50 bitcoins to Binance 7 hours ago
According to Lookonchain monitoring, a miner's wallet woke up after 14 years of sleep and transferred 50 bitcoins (about $3.05 million) to Binance 7 hours ago. The miner obtained these 50 bitcoins through mining on July 14, 2010.
USDT supply on TON chain exceeds 500 million
According to Tether Transparency data, Tether's total authorized amount of USDT on the TON blockchain is approximately US$580 million, of which the unissued portion is US$60,724,901.01 and the net circulation is US$519,275,100.99.
Sun Yuchen's previously purchased LRT PT tokens have been redeemed at maturity, earning $3.32 million
According to the monitoring of the on-chain analyst Ember, Justin Sun redeemed the LRT PT tokens he had bought in the previous month 1 hour ago, earning 984 ETH, or about $3.32 million. In general, Justin Sun used 86,000 ETH (about $290 million) to buy LRT PT, and finally exchanged it for LRT worth 86,984 ETH (about $293 million).
Justin Sun's associated address transferred approximately $21.4 million worth of TRX tokens to Binance
According to Whale Alert, about 10 minutes ago, the address associated with Justin Sun transferred 173,821,341 TRX to Binance through the TRON blockchain, with a value of approximately US$21,397,186. In addition, the address also transferred 20.2 billion WIN (approximately US$1.79 million) and 120.1 billion BTT (approximately US$100,000) to Binance.
Huang Licheng exchanged 1,491 ETH for BLAST and is currently the largest retail holder of BLAST
According to Spot On Chain monitoring, shortly after the BLAST token was launched, Taiwanese singer Huang Licheng (machi big brother) exchanged 1,491 ETH (about 4.65 million US dollars) for 198 million BLAST at an average price of about US$0.023.
As the main depositor, he bridged 8,121 ETH and 5.62 million USDC to BLAST and received an airdrop of 2 million BLAST (US$55,400). He is now the largest retail holder of BLAST.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core
