emory (@tasker65870) • Hey

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Bloomberg ETF analyst James Seyffart said on social media, “Based on the documents submitted by Bitwise this time, it is unclear when these products (Ethereum spot ETFs) will be launched. No additional updates may be required, or adjustments may be required. But they need to be ultimately approved by the SEC. The launch time depends mainly on the SEC’s decision. Bloomberg ETF analyst Eric Balchunas and I believe they should be launched before July 4th.”
Circle Internet Financial Ltd.’s dollar-denominated stablecoin, USDC, could be the biggest beneficiary of new European digital asset management guidelines that will take effect in July, according to cryptocurrency analytics firm Kaiko Research. Kaiko analyst Anastasia Melachrinos said on a conference call Tuesday that USDC is expected to take market share from larger rival Tether Holdings Ltd.’s USDT. Stablecoins are primarily used by traders to transfer digital assets between exchanges or as a means of storing wealth away from token price fluctuations.
Cloud computing provider CoreWeave has offered to acquire Bitcoin miner Core Scientific for $5.75 per share, for a total of about null billion, Bloomberg reported, citing people familiar with the matter. CoreWeave's offer is 55% higher than Core Scientific's volume-weighted average price for the three months ended May 31. CoreWeave raised $8.6 billion last month, including a null.1 billion preferred stock deal that valued the startup at $19.1 billion. The company also raised another $7.5 billion in debt financing, with investors including Coatue Management, Altimeter Capital and Fidelity Management & Research Co.
Decentralized AI infrastructure Phoenix announced that it will release the next generation upgrade of Phoenix GenAI later this month, which will support the creation of up to 12-second clips in image-to-video and text-to-video modes using custom object motion patterns and elements. Users will be able to put their own uploads into custom motions or use images generated by Phoenix GenAI's text-to-image model.
Executives from Hong Kong virtual asset ETF issuers Harvest International and China Asset Management Hong Kong confirmed at the recent Bitcoin Asia conference that they are working hard to promote the mortgage of their ETF products in Hong Kong so that cryptocurrency investors can use ETF shares as loan collateral. Taste
NFT project "Pudgy Penguins" announced that Pudgy Toys with Pudgy World is now available at Target. Toys in Target include community Penguins, which are fully licensed using NFT licensing platform OverpassIP. BlockBeats previously reported that on February 14, the NFT project “Pudgy Penguins” announced that its physical toy Series 2 will be available on Walmart this month and Target in March.
Avalon Finance, the BTC ecological lending protocol, has officially launched on the BTC public chain Bitlayer and supports various Bitlayer native assets, including the stable currency bitUSD issued by Bitsmiley. It is reported that this move is the first step in the multi-chain deployment of Avalon Finance. Avalon Finance was previously the largest lending protocol on Merlin Chain, with TVL exceeding $ 200 million.
Standard Chartered Bank said in a research note that the risk of U.S. fiscal dominance posed by the Federal Reserve’s monetization of government debt is rising, and in this case, investors may seek alternative assets, including cryptocurrencies, which is important for Cryptocurrencies are a boon. The report also noted that if Trump wins the election, his second-term administration may promote a more supportive regulatory environment, which is positive for digital assets. Trump's return to the White House could accelerate the exit of foreign official buyers from the U.S. Treasury market over fiscal concerns. Foreign investors sold an average of $ 207 billion a year in U.S. debt during Trump's first term, compared with just $ 55 billion under Biden. Standard Chartered reiterated its year-end price target for Bitcoin of $ 150,000, and its end-2025 price target of $ 200,000. According to the report, Bitcoin prices are positively correlated with the steepening of the U.S. Treasury yield curve, rising inflation expectations and increasing term premiums.
Social can be gaming
RunesFactory announced the launch of a one-stop Liquidity solution for BTC ecological assets, focusing on BTC long-tail asset liquidity issues and building a liquidity management and decentralized asset efficiency improvement platform. The platform supports staking of various assets in the BTC ecosystem, the creation of liquidity pools, and allows synthetic asset lending through mortgages. RunesFactory aims to create an asset liquidity layer for the Bitcoin ecosystem and will incentivize the RUNE ecosystem in a revolutionary way. It has been connected to the Runes main network, and Runes Mint and trading functions have been launched. It is reported that RunesFactory will join hands with Omnity Network and RunesCC, the Runes Chinese community, to host the Runes Asia 2024 large-scale event in Hong Kong on May 9.
Ether.fi decided to integrate SSV into its protocol to increase the resiliency of the Ethereum base layer and mitigate potential risks, and to strengthen its restaking operations to protect against client errors, geo-risk and other glitches that could disrupt validator performance.
Binance executive Nadeem Anjarwalla escaped from prison after being detained in Nigeria, and federal authorities have traced his flight to Kenya. The Economic and Financial Crimes Commission, Interpol, the Nigeria Police Force and the Kenya Police Service have deepened negotiations to expedite the extradition of Nadeem Anjarwalla. Nadeem Anjarwalla reportedly went into hiding immediately after arriving in Kenya, and his identity has now been revealed.
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 Caixin reports, in the 43 billion yuan illegal fund-raising case of Blue Sky Green, it is expected that the country will be able to return less than 5%. Currently 61,000 Bitcoins have been seized by British police. A proceeds of crime hearing will be held in September 2024. Caixin searched through public channels and found that there are very few successful cases of similar cross-border recovery of stolen goods in China. In addition, according to international practice, sharing is the mainstream method for cross-border recovery of stolen goods and disposal of confiscated assets. The International Cooperation Department of the Ministry of Justice of the People’s Republic of China responded that it did not know the specific circumstances of the case and it was inconvenient to disclose them.
Zhu Su, co-founder of Three Arrows Capital, said on social media that the venture capital institution gave up the friend.tech quota and chose to allocate 100% to the community, which heralded a paradigm shift towards a better token economic model. It also stated that the equity layer can withdraw transaction fees, and the tokens can circulate freely without considering the unlocking schedule and the impact of bearish unlocking.
Animoca Brands has signed a memorandum of understanding with KACST (King Abdulaziz City for Science and Technology), a major Saudi scientific research center, the South China Morning Post reports. Yat Siu, co-founder and chairman of Animoca Brands, said the MOU was signed with the hope of getting into the ground floor of Saudi Web3 development and exploring opportunities to participate in the early stages of development.
Decentralized cloud infrastructure Aethir announced the launch of the first decentralized AI node sale, and its native token ATH will be used to reward node providers and checkers who maintain Aethir’s decentralized cloud infrastructure network. It is reported that the node price of each checker node starts at $ 500 and then increases tier by tier, with whitelists reserved for different participants in the Aethir community, partner community, KOL and venture capital team. This sale is intended to make All types of players are involved. The node sale will be launched at 10 am UTC on March 20, 2024, and the network is planned to be released in the second quarter of 2024.
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.
Smart Layer announces SLN token economics: the total amount is 100 million, and airdrops account for 2%
Crystal Fun, a decentralized blockchain game ecosystem platform and studio, announced the completion of a US$ 5 million seed round of financing. This round of investment was participated by well-known institutions such as Kucoin Ventures, Actoz Soft, Waterdrip Capital, Comma3 Ventures, Stratified Capital, Cypher9 Ventures, Aelf ventures, W Labs and Masverse.
According to The Block, the modular DeFi second-layer Mode based on OP Stack will receive a grant of 2 million OP (approximately $ 5.3 million) from the Optimism Foundation to support user growth incentives. Mode will donate part of its revenue to Optimism Collective and join the Law of Chains. Mode plans to launch its mainnet at the end of January and will also continue to develop open source tools for the hyperchain ecosystem, with a focus on bringing native earnings, smart vaults, and on-chain AI agents to the network, and investing resources into public goods.
Scene Infrastructure Company, a software development team under the creative self-made organization Friends With Benefits (FWB), completed a US$ 3 million seed round of financing, led by a16z crypto. Scene Infrastructure Company will be led by Jose Mejia, a long-time DAO contributor who previously served as DAO product lead at Dapper Labs, and Ethan Daya, co-founder of Zora. They also have Neesh Chaudhary as Head of Design, who has provided design services to companies like Google, Metalabel, and Rabbithole. Jose said, “The relationship between communities, individuals within communities, their on-chain assets, and their off-chain experiences is an area that has not been fully explored. As the technology continues to mature, we are excited to explore these key points, and build something that is embraced by a wider audience. Our focus is on building products that mediate these relationships in engaging and novel ways."
OSL Group (formerly BC Technology Group), the parent company of Hong Kong's licensed virtual asset trading platform OSL, announced the appointment of Pan Zhiyong as CEO, and also announced the launch of a 2024 globalization strategy involving four major directions, including: geographical market expansion, service innovation, and collaboration. In the development of digital finance and insisting on regulatory compliance, OSL also revealed that it will soon launch a batch of compliant digital asset products to enhance investor confidence and promote innovation within the regulatory framework.
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, Bitcoin mining company Marathon Digital announced an update on Bitcoin production and mining operations in December, in which 1,853 BTC were produced in December, worth approximately US$ 81.2 million, setting a monthly Bitcoin output record for the company. Marathon attributes its production growth to higher transaction fees on the Bitcoin network. 12,852 BTC ($ 563.4 million) have been produced in 2023, more than tripling the 4,144 BTC mined in 2022. As of December 31, 2023, Marathon held over 15,000 BTC.
Binance will support ORDI (ORDI) and BNB Smart Chain (BEP20) network upgrades and hard forks
The Avalanche Foundation announced its intention to recognize and encourage the culture and interest symbolized by Meme tokens through the "Culture Catalyst" special program, by purchasing selected Meme tokens based on the Avalanche chain to create a collection. This move is designed to complement the Avalanche Foundation’s continued involvement in the Avalanche ecosystem, including NFTs, RWAs, and other types of crypto-assets, broadening its portfolio to encompass a more comprehensive range of possibilities. The selection process for the collection is based on several key criteria, including factors such as number of holders, liquidity threshold, project maturity, fair launch principles, and overall social sentiment.
Xinhuo Technology, a Hong Kong-listed company, announced its annual results announcement for the year ending September 30, 2023. The financial report shows that Xinhuo Technology Group recorded a net loss of approximately HK$ 288.7 million in 2023, and income from continuing operations of approximately HK$ 2.834 billion, a year-on-year decrease of 68.7%; gross profit was HK$ 10.389 million, a year-on-year decrease of 90.6%; net profit increased from 2022 to 2022. HK$ 100 million expanded to HK$ 287 million, a year-on-year increase of 43.92%. Xinhuo Technology stated that the loss was mainly due to the increase in expenses for developing the company's new business and the inability to withdraw cryptocurrency assets from the cryptocurrency trading platform FTX. The related impairment loss provision was approximately HK$ 86 million and was caused by the company's human resources restructuring and cost management plan. and one-off expenses.
NFT Trader stated on the social platform that a third party executed malicious code on two old smart contracts on the platform, and that all necessary measures have been taken to prevent such incidents from happening again in the future. It is recommended to use revoke(.)cash or similar tools after completing a transaction on any platform for added security. Use cold wallets without interacting with (or signing) any smart contracts. Furthermore, the NFT Trader platform never takes ownership of any assets.
Kyle Samani, co-founder of Multicoin Capital, said on social platforms that Solana Web3 mobile Saga owners are expected to receive a lot of airdrop activity in the next 12 months.
The Cosmos ecological sustainable trading platform Levana Protocol stated that the Levana token LVN was minted on Osmosis last week and will unlock 7% of the total supply (70 million) of LVN tokens at launch. To qualify for airstaking, users must complete specific actions within the Levana ecosystem and register with the same wallet address on a designated website to ensure fair distribution and filter out bots. The airdrop is divided into three stages: 1. Family airdrop, targeting early adopters, including Levana NFT community members and those who trade Levana perpetual contracts on platforms such as Osmosis, Injective and Sei; 2. Community airdrop, expanding the scope to include others Community members, such as traders from Stargaze, Kujira and Astroport; 3. Final stage: focus on attracting new users from outside Cosmos. Specific details will be announced later. The Levana airdrop plans to distribute a total of 20 million tokens in three separate phases, with a sizeable portion of the tokens, 14 million, earmarked for the first phase. The token will be officially launched to the public on December 18, with the first phase of airdrops expected to begin around December 20. The entire process of three airdrops is expected to be completed within six months, although this timeline is subject to change or multiple updates.
Hadrien Charlanes, founder of the decentralized reputation protocol Sismo, posted on social media, "Sismo returned funds to investors today. Sismo raised $ 10.5 million from 130 investors (returning 51% of the financing). Investors are providing They have been supportive in terms of strong suggestions and have never been short-term profit oriented. Many thanks to them for supporting until the end without any gain. Sismo has open sourced the parts that have not yet been open sourced and will maintain the basic infrastructure for a few months. Thanks a lot Everyone helping Sismo on the road.” Sismo is an on-chain reputation project based on zero-knowledge proof. Its feature is that users can prove that they own an asset without disclosing their wallet address.
Binance will list the Euro stablecoin Anchored Coins EUR (AEUR) at 18:00 on December 4, 2023, Beijing time, and will open spot trading pairs and launch an AEUR zero-handling fee event. New spot trading pairs: AEUR/USDT, BTC/ AEUR, ETH/AEUR and EUR/AEUR.
Bitget released the latest data on protection funds in November. The data shows that the highest size of protection funds in November was US$ 410.37 million (November 16) and the lowest size was US$ 389.36 million (November 1). The average size was US$ 401.31 million, an increase of 12% from the previous month, surpassing the historical peak. These assets are stored in public addresses that users can track and verify in real time. Bitget’s Protection Fund was launched in August 2022 with an initial size of $ 200 million and is designed to protect users’ assets from force majeure events, hacker attacks, or extreme market conditions. In November 2022, Bitget increased the size of the fund to over US$ 300 million.
According to monitoring by Pidun community contributors, a KyberSwap attacker has returned 361,876 USDC.e on the Avalanche network. BlockBeats previously reported that earlier today, the KyberSwap team announced that it had been in contact with the owners of frontrun bots on Polygon and Avalanche that had withdrawn approximately $ 5.7 million from the KyberSwap liquidity pool. After negotiation, the front-running robot owner agreed to return 90% of user funds to the designated address 0x8180a5CA4E3B94045e05A9313777955f7518D757, and accept 10% of the bounty in return as described in the message on the chain
Vitalik plans to redesign Ethereum staking, praises UTXO payment model
USTC rose by more than 150% in 24 hours, perhaps due to the expected airdrop of Mint Cash, a new stablecoin project in the Terra ecosystem.
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.
Evmos developer Altiplanic is developing a mechanism to enable Cosmos tokens to be used as ERC-20 tokens on the Evmos blockchain. The planned release will provide Evmos developers with a unified token model for native and ERC-20 tokens.
Everdome launches SPACES Metaverse service, which will usher in a new era in the Everdome metaverse space. CEO Jeremy Lopez said that next we will adopt DOME repurchase and conduct treasury destruction to invest in this major cooperation, which will be beneficial to DOME holders and NFT owners. authors as well as Metaverse content creators are moves worth looking forward to.
Andrei Grachev, co-founder of DWF Labs, wrote: "The CMC index has changed from Fear to Extreme Greed in 30 days. The market feels a lot of good expectations and almost no threats. But be careful about using too much. times leverage, the market is still unstable, but if you are building and raising money, now is the best time.”
As verified by BlockBeats, Binance is currently testing its built-in Web3 wallet product in the App. It now has the basic functions of the Web3 wallet, and users can transfer Binance platform assets to the Web3 wallet with one click. According to market data, TWT (Trust Wallet) has increased nearly 100% since the beginning of October and is currently quoted at $1.33. BlockBeats previously reported that Binance announced the acquisition of Trust Wallet in August 2018.
DWF Labs co-founder Andrei Grachev posted on social media that the bull market is coming soon. Although there is currently almost no change in the overall size of the crypto market, traders have a bullish expectation and make small profits due to the consolidation of BTC and mainstream tokens. It creates FOMO and positive expectations, which leads to capital inflows into the market. . Bitcoin currently has a dominant position, but Shitcoin has not yet begun to rise. Perhaps the participants in this cycle are more tokens with a market capitalization of top 1,000. In terms of trading volume, the current trading volume is the same as in April, but the reasons are different. Half a year ago, trading volume was driven by Memes, which tapped into the crypto audience, and now it is driven by BTC, which can attract new users. Fundamentally, the current situation is very healthy and sustainable.
Fixed-rate lending protocol Notional Finance announced that it will launch the V3 version on Arbitrum on November 6 and will provide 2 million NOTE incentives to liquidity providers. In addition, the V3 version will add support for cbETH, ARB, RDNT and GMX as collateral. After the V3 version goes online, more leveraged vaults using Balancer and Aura will be added.
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.
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.
Matter Labs, the zkSync development team, said that GRVT will provide a user experience similar to Robinhood and self-hosting functions of decentralized trading platforms such as Uniswap. It will become the first "hyperchain" in the zkSync ecosystem, that is, a type of blockchain that will serve as Layer 3 Validium. Custom blockchain running within the zkSync ecosystem.
Ferrari's (RACE.MI) marketing and commercial chief said its luxury sports car business in the United States has started accepting cryptocurrency payments and will expand the program to Europe based on customer requests, Reuters reported. Cryptocurrencies have made efforts to reduce their carbon footprint through the introduction of new software and greater use of renewable energy.
Shardeum, the EVM-based Layer 1 blockchain, announced that Sphinx Validator version 1.6.1 is now online. All users must reset their MetaMask account by going to Settings > Advanced > Reset Account. This update includes: Added network security mode, updated EthereumJS version, added EIP 3855, JoinV2 protocol, data distribution protocol, etc.
A Rug Pull occurred on the BNB Chain on-chain project Lucky star Currency, and the deployer has made a profit of USnull.1 million. Its token LSC fell from $2.8 to $0.04