Sammie (@beckett36157) • Hey

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Türkiye is preparing to submit a new law regulating crypto assets to parliament. The legislation aims to align with international standards and reduce the risks associated with cryptocurrency trading. The Capital Markets Commission will implement strict supervision on the licensing and operation of crypto trading platforms. It will also ensure safe custody of assets, establish transparent platform-customer relationships, and clarify sanctions for non-compliance. The draft legislation is expected to be submitted to parliament within a week. The move, strongly supported by Turkish Finance Minister Mehmet Şimşek, aims to remove Turkey from the financial crime regulator's "grey list" and improve its status under Financial Action Task Force (FATF) standards.
Real Vision analyst Jamie Coutts published an analysis of AI and blockchain growth models on the X platform from the November 2023 Real Vision Pro-Crypto report. The report predicts that by 2030, the total market value of smart contract platforms will reach between $ 15 trillion and $ 25 trillion due to the widespread use of AI agents. Coutts noted that while the initial impact of AI agents will be relatively modest, AI agents could account for more than 40% of total daily active users by 2030, significantly driving up the valuations of blockchain assets. In addition, he emphasized that although predictions based on historical regression cannot always be accurate, in the direction, as the network expands, the value of the network will increase exponentially. Even if the prediction turns out to be only 25% correct, the current market valuation will achieve a 4 to 5 times increase.
According to regulatory filings, Lisi Capital, an investment company co-founded by former Sequoia China partner Cao Xi, holds more than $ 24 million in BlackRock’s spot Bitcoin ETF (stock code: IBIT), making it its fifth largest holding. , more than twice the size of its holdings of Meta stock. The fund's top two holdings are Nvidia and Microsoft. Hong Kong-based IvyRock Asset Management also disclosed in a Tuesday filing that it holds nearly $ 19 million in the BlackRock Bitcoin ETF. Spot Bitcoin ETFs were listed on the Hong Kong exchange in January, but so far the products have attracted far less capital than competing funds trading in the United States. BlackRock’s fund is the most popular among new spot Bitcoin ETFs by assets under management (AUM). Grayscale Fund currently has the highest AUM, but its essence is a transformation. At the time of transformation, it already had billions of dollars in assets.
Sui ecological lending platform Suilend announced the launch of the points system Suilend Points. Since its launch on March 11, Suilend has attracted more than 5,000 users and its total value locked (TVL) has exceeded $ 45 million. Suilend will issue 10 million points daily on the existing basis to encourage user participation, including 2 million points for SUI tokens and 4 million points each for USDC and USDT. Unlike traditional points stored in a centralized database, Suilend Points will exist in the form of non-transferable and non-extractable on-chain tokens. Users can earn corresponding points in proportion when they perform operations such as deposits and borrowings on Suilend. In addition, Suilend will also provide point rewards to encourage users to contribute to the community by posting, making Meme, etc. It is worth mentioning that in order to cooperate with the launch of the points system, Suilend has lowered the borrowing rate of USDT and USDC to 0.20%. This initiative is expected to further improve the platform’s capital utilization efficiency.
Gm ! Auditive & visual masterpiece to start the week with 👌
The ecological project AIRDROP2049 incubated by UXLINK has received more than 200,000 visits from around the world within three days of its launch. The first batch of online projects has received an average of more than 30,000 new users, and the contract interactions on the AIRDROP2049 chain have exceeded 100,000 times. Over 50 popular Web3 projects participated in the first AIRDROP2049 event. The person in charge of the BTC ecological project B² Network said that UXLINK's RWS protocol is very effective. By calling the protocol, it can achieve rapid growth of users, and the incentives for users are also very precise. We look forward to strengthening cooperation with UXLINK and AIRDROP2049 in the BTC ecosystem to allow more Users participate in ecological construction. The person in charge of the AI high-performance pledge public chain project ALIENX is very optimistic about the AIRDROP2049 project. He believes that this is the first time in the circle that multiple different tracks have been assembled for large-scale airdrops. The cross-growth of different types of user traffic is very interesting, and may even exceed TOKEN2049 in the future. Influence. I hope to have in-depth cooperation with UXLINK and AIRDROP2049 in the AI field in the future.
Solana ecological DePIN protocol io.net officially posted in Discord that the points displayed on the website today are part of the early testing of the new pre-TGE website user interface. The UI has been updated, removing the points section. Points values shown on the website are derived solely from internal testing, which are based on partial snapshots and partial placeholder values from the past. Does not reflect a user's actual points in the Ignition rewards program. The engineering team is working on it and bonus points will be displayed when ready and verified.
Multisynq, a decentralized Internet bandwidth sharing network, announced that it has completed a US$ 2.2 million seed round of financing, led by Manifold, with participation from ARKN Ventures, PHD Capital, EnigmaFunge, AlphaCrypto, Republic Crypto and multiple angel investors. It is reported that Multisynq supports individuals to sell excess Internet bandwidth to developers, realizing the goal of Internet bandwidth sharing while monetizing.
According to monitoring by on-chain analyst ZachXBT, the fraud team that stole tens of millions of dollars from websites such as Magnate, Kokomo, Lendora, and Solfire deployed a new project Leaper Finance on Blast. Last week, the fraud gang used about $ 1 million in funds laundered from previous rugs to fund an address on Blast and began to provide liquidity to lure users into taking the bait. ZachXBT said that in the past, after the fraud team increased its TVL to more than one million dollars, it stole all user funds deposited into the protocol, forged KYC documents, and used low-level auditing companies. Currently, the fraud team has launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche and other platforms.
OpenBit, the first liquidity aggregation network in the Bitcoin ecosystem, released the Beta version of the OpenBit white paper on the X platform. The white paper deeply explores the new Bitcoin cross-chain, liquidity aggregation infrastructure and cross-chain DeFi services, while looking forward to the goal of unlocking the potential of the Bitcoin ecosystem to the next level.
Bitcoin Atomicals Protocol stated on its social platform that it will announce the details of the AVM smart contract system in stages in the coming weeks. In addition, the team also launched a donation campaign for AVM and said that it is "actively thinking about how to return value to supporters." For example, the names and messages of supporters will be written into the AVM white paper.
According to data from Dune Analytics, the total amount of pledged Ethereum beacon chain reaches 31,955,654 ETH, and pledged ETH accounts for 26.64% of the total supply. Among them, the staking share of the liquidity staking protocol Lido reaches 30.50%. In addition, there has been a net inflow of 13,787,261 ETH since the Shanghai upgrade.
Chain game The Beacon recently updated its roadmap. The project will release new pioneer missions in April and will release the Alpha version of its game on all platforms. It is reported that the new pioneer mission consists of three different stages. The first phase is open to all players, and at the end of the first phase, whitelisted users will be able to mint Pass NFTs. Subsequent phases will focus primarily on players who own Pass NFTs. Each pass is entitled to a specific share of the project’s ecological tokens. Specific content and dates for the new Pathfinder missions will be announced around early April.
The 10-day time lock for the Polygon zkEVM mainnet beta upgrade has been activated, and transaction information including the Elderberry proposal and upgrade contract have been published on GitHub and Etherscan. Polygon says that the Elderberry upgrade is now available on the testnet, and assuming the network is stable, Elderberry may go live on the mainnet around March 7. The new upgrade brings important optimizations to the ROM that will reduce some off-counter errors on the network, as well as some additional fixes from last month's Etrog upgrade.
Bitcoin DeFi protocol Tap Protocol stated on its social platform that it will conduct its first airdrop snapshot for TRAC holders on the 28th, and eligible addresses may receive an airdrop of the Tap Protocol governance token TAP.
Web3 security and privacy company Blockaid said digital marketing platform Mailer Lite fell victim to a phishing attack, resulting in losses of more than $ 600,000, The Block reports. Blockaid explained in the post that attackers took advantage of Mailer Lite vulnerabilities and imitated Web3 companies to send seemingly legitimate emails that actually contained malicious links to money-stealing websites, adding: "The attackers exploited the previous Mailer Lite The fact that they were authorized to send emails on behalf of these sites allowed them to craft emails that appeared to come from these organizations." "Specifically, they used 'dangling DNS' records (previously used by these companies) associated with Mailer Lite," Blockaid continued. "After closing their accounts, these DNS records remain active, providing attackers with the opportunity to claim and impersonate these accounts."
Swiss fintech company Taurus has received regulatory approval to offer tokenized securities to retail customers. Following regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), Taurus has opened its TDX trading market to retail clients for trading tokenized assets. Taurus said that in addition to existing institutional and professional clients, retail users can now open accounts with regulated securities firms, participate in capital raisings, and trade digital assets and tokenized securities safely and compliantly.
Tether has become one of the main payment methods warned by the United Nations for money launderers and fraudsters operating in Southeast Asia, the Financial Times reported. USDT is at the center of a growing fraud industry that includes tactics that create fake romantic relationships to gain the trust of victims and then trick them into transferring large sums of money, according to a report released by the United Nations Office on Drugs and Crime on Monday. Often called "pig killing plate". “In recent years, law enforcement and financial intelligence agencies have reported the rapidly growing use of advanced, high-speed money laundering teams specializing in underground USDT use,” the report states.
According to The Block, TD Cowen Investment Bank believes that the U.S. SEC is unlikely to approve an Ethereum spot ETF in the short term. Despite the recent approval of a spot Bitcoin ETF, TD Cowen expects the SEC to take a more cautious approach to approving a spot Ethereum ETF. Analysts noted that the SEC may wait to gain experience from a Bitcoin ETF before considering approving an Ethereum or other cryptocurrency ETF. The investment bank said the wait for approval may not be as long as 26 months and could come after the U.S. election.
Binance will support ORDI (ORDI) and BNB Smart Chain (BEP20) network upgrades and hard forks
Developer @lightclients of the Geth team posted that the 178th Ethereum Core Developer Executive Meeting (ACDE) has ended. This meeting reconfirmed that the Goerli testnet Cancun upgrade time will be January 17th and will be on January 30th. and February 7th are respectively the dates for Sepolia testnet upgrade and Holesky testnet upgrade. If all goes well, the developers will release the Goerli client next week, and the Sepolia/Holesky client the week of January 22nd. In addition, the 179th ACDE meeting is scheduled for January 18, and if problems occur within the first 24 hours after the fork, the upgrade will be rescheduled. The developers have also decided that the next upgrade to Ethereum will be the Prague/Electra (Pectra) upgrade.
Cryptocurrency mining company BIT Mining Limited announced that it has agreed to sell its entire mining pool business operating under BTC.com to Esport-Win Limited, a Hong Kong limited liability company, for a total consideration of US$ 5 million, PR Newswire reported. The sale of the business is expected to increase BIT Mining's total shareholders' equity by approximately $ 16 million, as the business has net cryptocurrency liabilities of approximately $ 11 million. The sale does not include or affect any other business of BIT Mining
Blockchain payment application Telcoin once again issued a security incident update stating that it has completed preparations and internal testing of the recovery process, and has initiated an external audit of the new agent deployment. It takes several days for an outside firm to complete the audit. Once the review is complete, Telcoin will execute the recovery process and then resume Telcoin App services.
The FTX debtors have filed a revised Chapter 11 reorganization plan. According to the plan document, the value of the debt will be calculated based on the value of the tokens when FTX filed for bankruptcy on November 11, 2022, and the value of the crypto asset will be converted through a specified conversion rate. Cash to be determined.
NFT fragmentation protocol Flooring Protocol stated on social platforms that the cause of the vulnerability exploitation has been determined to be related to FP's peripheral/multi-call contract, and the team deployed a fix 2 hours ago to fix the problem. Investigation and monitoring will continue and the main contract is safe. Assets in vaults and safes are not affected.
Digital asset brokerage Nonco has completed a $ 10 million seed round led by Valor Capital Group and Hack VC, with participation from Morgan Creek Digital, CMCC, Lvna Capital, Theta Capital, Bullish, Bastion Trading and Libra Capital Ventures. It is reported that the company was spun off from OSL Digital Limited, the American division of Hong Kong digital asset platform OSL, and is composed of the same team. OSL retains a minority stake in the new company. Since its launch in April, the company has logged $ 6 billion in transaction volume in the Americas.
The "2023 Web3 Social Change and Innovation Global Summit" sponsored by the world-renowned Web3 social application INTO was grandly held in Kuala Lumpur. The summit received strong support from many well-known institutions and media around the world, attracting hundreds of people in the Web3 social field around the world. Top experts, industry leaders and technology pioneers. The summit focused on "INTO Web3·Lighting the Future" and covered many key topics, including the application of Web3 technology, Web3 social graph, data sovereignty and the globalization trend of social networks, aiming to deeply explore the role of Web3 technology in social change. role, and pave the way for future Web3 social development.
Solana DEX aggregator Jupiter has announced that the project has opened the first round of claims for the JUP token airdrop. According to previously announced information, the total amount of JUP is 10 billion, of which 40% will be distributed to the community through 4 rounds of airdrops. 10% (1 billion) will be distributed in the first round. 95.5 will interact directly with Jupiter before November 2. Ten thousand wallets are eligible for the airdrop. In the first round, 2% of tokens will be distributed to all wallets, and 7% of tokens will be distributed "based on interaction score statistics, which will be based on adjusted transaction volume." Another 1% will be allocated to community members and developers on Discord and Twitter.
LegalDAO recently launched the "Lawyer GPT Party" event, which will assist lawyers from different countries and professional fields to create AI legal solutions in their areas of expertise on the LegalNow AI platform. LegalNow AI is a legal AI platform founded by the LegalDAO initiating team and is committed to providing professional and intelligent legal service solutions to small business users around the world. It is reported that LegalNow AI completed angel round financing this year, with investors including Arweave SCP Venture, zCloak Network, NDV Lianchuang Christian and others.
Pacman, the founder of Blur and Blast, responded to many comments and said that Blast’s income comes from legal platforms such as Lido and MakerDAO, Lido’s income comes from Ethereum’s staking rewards, and MakerDAO’s income comes from on-chain treasury bills. Pacman also addressed the comments regarding Blast invite rewards. He insists that the system is in no way a marketing stunt for the sake of growth, but a strategic move to promote community development, recognizing the contribution of users by expanding the ecosystem, which is worthy of reward. In addition, regarding the statement that "Paradigm is the real entity behind the launch of the project," Pacman said that the cryptocurrency investment company has never participated in Blast's marketing strategy. If Paradigm were involved, they would likely require a lot of changes in Blast's strategy. Paradigm has asked him to make changes to his post-launch plans, which are being considered, but the Blast team will make the final decision.
AzukiDAO announced that it has changed its name to "Bean" and dropped its lawsuit against Azuki founder Zagabond involving the $ 39 million NFT minting incident. The DAO will now be transformed into a memecoin project and integrated into the ecosystem of Ethereum Layer 2 solution Blast. In addition, the Bean project said it has raised $ 10 million in funding from "well-known investors" to accelerate its development in the Blast ecosystem. The specific investors have not yet been disclosed.
According to Forbes, German federal lawmaker Joana Cotar recently announced her support for recognizing Bitcoin as legal tender in Germany. Cotar revealed her intention to lead a “preliminary review” to develop a legal framework that would formally recognize Bitcoin’s legal tender status. To advance her initiatives within the German legislative body, Cotar launched the “Bitcoin in the Bundestag” initiative, with the goal of making members of parliament more aware of Bitcoin’s many benefits so that legislative decisions can be more informed.
Bitcoin inscription wallet UniSat Wallet officially stated that it has launched a developer service (Developer Service), including almost all its functions that will be launched within 2023. Developers can now actually use it to rebuild a brand new UniSat from scratch. In addition, UniSat Wallet stated that by leveraging the service, users can now easily build: automated trading bots, a block explorer with a deep understanding of Ordinals and brc-20, a peer-to-peer Ordinals and brc-20 market based on PSBT, with built-in Ordinals and brc-20 Engraving services for games or applications, etc.
The NFT card game Parallel announced that Parallel has been approved to enter the Epic Games Store and will release a public beta version on the Epic Games Store.
, Jupiter Exchange, the Solana ecological alternative asset trading platform, stated that it will announce major progress related to the first round of community airdrops during the Solana Breakpoint conference, as well as more information about other "Grow The Pie" plans. BlockBeats previously reported that on November 3, Jupiter Exchange, the Solana ecological alternative asset trading platform, announced the upcoming launch of the native token JUP during the Solana Breakpoint conference, and promised that 40% will be used for community growth and airdrops, and 20% will be used for public token sales. 40% goes to team and strategic reserves. Additionally, Jupiter’s pseudonymous co-founder Meow said in the community that Jupiter will consult with the community over the next two weeks before formulating a firm release schedule, adding that JUP will serve as the governance token. Jupiter Exchange completed a $5 million seed round in May last year, led by White Hilt Capital.
Coinbase International Exchange and Coinbase Advanced will add support for Solana and Avalanche perpetual futures contracts. If liquidity conditions are met, the SOL-PERP and AVAX-PERP markets will open at approximately 0:00 on November 15, 2023 Beijing time.
**According to the latest data from Coinglass, several cryptocurrency trust products owned by Grayscale have experienced significant premiums. Among them, the premium rate of FIL (Filecoin) trust is as high as 901.67%, the premium rate of SOL (Solana) trust is 869.29%, and the premium rate of LINK (Chainlink) trust also reaches 250.50%.**
Prisma Finance announces retroactive airdrop aimed at spurring participation in Prisma on-chain governance
Bitfinex suffered a "minor" information security attack that allowed hackers to access "partial, incomplete and outdated information." The hackers allegedly used phishing to trick a customer support employee who had "limited access to support tools and help desk tickets." According to the release, the hackers were unable to gain access to any core systems and user funds were not affected by the attack. Bitfinex said affected users will be notified, although most of the affected accounts are "empty or inactive accounts." and plans to work with law enforcement to track the attackers
GM! 🌿 Leave a comment, a drop might be coming 👀
PlutusDAO started voting on the proposal to launch ARB token staking, and Arbitrum DAO’s proposal to provide 175 million ARB temporarily took the lead, accounting for 99.8%. According to previous news, PlutusDAO launched a proposal to solicit opinions on the Arbitrum forum, suggesting activating ARB staking and allocating token inflation to token-locked users. Arbitrum DAO has the right to mint 2% of the total ARB supply each year. As for inflation, the first opportunity to mint tokens is March 15, 2024 (the minting function can only be called once per year), and PlutusDAO recommends minting 1.75% of the tokens. supply and distribute it over a year.
Swiss SCION software provider Anapaya Systems receives €1.8 million investment from Mysten Labs. The two parties intend to collaborate to build a secure, highly accessible and high-performance Web3 infrastructure to support SCION, the next generation WAN technology. "SCION's highly secure and efficient communications fabric will provide Sui with another key differentiator," said Evan Cheng, CEO and co-founder of Mysten Labs. According to reports, SCION is a future Internet architecture that connects institutions and end users by combining explicit trust information, fault isolation and routing control with the accessibility benefits of the public Internet and the security of private MPLS.
The Web3 game FinSoul development team hired actors to impersonate its executives and transferred 1.6 million USDT from investors to their own accounts through market manipulation. FinSoul developers then laundered these funds through Tornado Cash. In May this year, the DeFi project Fintoch said it would launch the Metaverse platform FinSoul, but ZachXBT said on the same day that Fintoch may be a scam project and has stolen $31.6 million in assets. Fintoch later changed its name to "Standard Cross Finance" and continued to commit fraud. CertiK claims to have verified the real names of the project’s CEO, COO and CFO. It is understood that these "executives" are actually actors working in the entertainment industry.
Chain gaming studio Third Time has completed a $2 million Seed+ round of financing led by Sfermion, with participation from Reciprocal Ventures, Big Brain Holdings, 32-Bit Ventures and 6th Man Ventures. Third Time develops Solana-based horse racing game Photo Finish, and the funding will be used to accelerate game development and drive collaboration with real-world horse racing.
Sui officials posted on social media that in addition to the 117 million SUI announced last week, Sui will also transfer an additional 40 million SUI from external market makers to ecosystem and community development, which makes SUI (promoting ecological growth) The total amount reached 157 million. BlockBeats previously reported that last week, the Sui Foundation announced that it was reallocating 117 million SUI tokens and said it planned to "redirect" them to grow its ecosystem. To drive further growth, the Sui Foundation announced it will request 117 million SUI (approximately $51 million) from "external market makers" and then "inject it into various channels," the organization said in a statement. This represents 13.6% of its circulating supply and 1% of its total supply.
Bitrace conducted a fund analysis on Tron addresses with obvious OTC business characteristics other than centralized trading platforms, compliant cryptocurrency acceptance platforms, large money laundering houses and other institutions. The data shows that in the past 24 months, there have been more than 34.39 Billions of USDT at risk flowed into these addresses. More than half of the inflows into USDT are medium-to-high-risk funds, including 14.7% of online gambling-related USDT, 20.1% of gray and black industry-related USDT, and 19.4% of money laundering-related USDT. This shows that collecting USDT from such addresses and their associated addresses will have a high probability of causing the address to be contaminated, making the address funds more susceptible to risk control by centralized platforms, and even exposing investors themselves to investigations by law enforcement agencies.
The top U.S. consumer financial protection agency is considering applying the Electronic Funds Transfer Act (EFTA) to cryptocurrencies to protect consumers from fraudulent cryptocurrency transfers. Speaking at a payments conference held by the Brookings Institution think tank on October 6, Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau (CFPB), said that the agency is considering applying EFTA to "private digital dollars and other virtual currencies."
According to BusinessNewsAsia, financial technology startup CrossFund announced that it has completed a new round of financing of USnull.5 million at a valuation of US$47 million. BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, as well as a number of Middle East and North Africa (MENA) and Asia family offices and others participated in the investment. This is the fourth round of financing completed by the company in the past two years. It is understood that the CrossFund equity financing platform has innovatively integrated AI and Web3 technologies in the review and fundraising process. It is reported that so far, about 80 projects have successfully raised more than US$40 million on the platform and attracted 15,000 qualified investors. participate.
A new cryptocurrency-focused investment firm called Deus X Capital was announced today, The Block reports. The agency is led by former Galaxy head of Europe, Middle East and Africa Tim Grant as CEO. In a statement, Deus It has also allocated an undisclosed amount to hedge funds in the space. Additionally, Tim Grant has been named Chairman of AlphaLab40, a cryptocurrency market maker owned and operated by Deus X
Axie Infinity co-creator Aleksander Leonard Larsen said in an interview with DL News that the "AAA game" label has become a "marketing gimmick" for Web3 game projects. Rather than proving themselves through work, teams focus on metrics like the NFT floor price or the number of developers their team has. In addition, Larsen also revealed that some chain game projects maintain development by seconding developers from other studios, resulting in difficulties in internal team cooperation. So-called AAA chain games may have difficulty fulfilling their promises.