Featured News:
1. Prime Trust lost $6 million of client funds and $2 million of its own funds due to its investment in Terra;
2. The floor price of the first NFT series issued by Trump rose to 0.193ETH, a daily increase of 41%;
3. FTX: Bankruptcy claims agent Kroll was attacked and some non-sensitive customer data was leaked;
4. Paidun: Magnate Finance developers modified the protocol oracle provider and removed all assets;
5. Xiao Feng: The Hong Kong Securities and Futures Commission may issue an STO regulatory circular by the end of this year;
6. PEPE founder’s identity was exposed, he used his profits to buy luxury cars but did not pay royalties for the original work
Project News
Prime Trust lost $6 million of client funds and $2 million of its own capital investing in Terra
According to CoinDesk, legal documents show that Jor Law, CEO of cryptocurrency custodian Prime Trust, said that Prime Trust lost $6 million in customer funds and $2 million of its own funds in its investment in Terra algorithmic stablecoins. In addition, Jor Law also mentioned that in January 2021, due to incorrect instructions to customers to send funds to inaccessible wallets, it spent $76 million to purchase ETH to meet user withdrawal requests.
TOPGOAL announced a strategic partnership with Chiliz and Binance Fan Token at the Hong Kong Cyberport Summit to create a new chapter in digital football
According to official news, TOPGOAL successfully held a theme summit focusing on the integration of sports, games and Web3 technology at Hong Kong Cyberport. The summit invited industry leaders such as Chiliz and Binance, legendary star Evra and representatives of the Hong Kong government to discuss the broad application prospects of Web3 in the field of sports and entertainment.
BlockFi: Affected by the data leak of bankruptcy claims agent Kroll, remind users to beware of fraudulent information
The bankrupt crypto lending platform BlockFi said on its social media platform that the hack of bankruptcy claims agent Kroll also led to the leakage of some BlockFi customer data, but BlockFi's internal systems and customer funds were not affected. Users are reminded to upgrade their security precautions and be wary of scams such as fraudulent emails.
Connext: Fixed the issue where some transactions were not included in the airdrop, and offered a reward to the community for reporting Sybil addresses
Layer2 interoperability protocol Connext said on its social platform that after carefully reviewing user feedback, the team confirmed that some transactions were not included in the previous airdrop plan. The team has corrected the airdrop allocation and increased the total airdrop size accordingly to ensure that the current allocation will not be reduced. In addition, Connext also invites the community to help the team screen witch addresses. If the witch hunter's report successfully reports the witch attacker/address, the reporter will receive 25% of the recovered NEXT as a reward.
The OP Mainnet sorter will be upgraded in the early morning of August 29th, with an expected downtime of five minutes.
Optimism announced that it will upgrade the OP Mainnet sorter at 1:00 am Beijing time on August 29 to achieve zero downtime deployment. It is expected that OP Mainnet will experience five minutes of downtime at that time.
FTX: Bankruptcy claims agent Kroll was attacked and some non-sensitive customer data was leaked
FTX said on its official social platform that bankruptcy claims agent Kroll experienced a cybersecurity incident that resulted in the leakage of non-sensitive customer data of certain claimants in pending bankruptcy cases. Kroll is directly notifying affected individuals to be vigilant against fraudulent emails, and FTX's own systems are not affected by this incident.
The identity of PEPE's founder was exposed, and he used his profits to buy luxury cars but did not pay the original royalties
PAULY, the founder of CryptoPhunks and NFT market Not Larva Labs, revealed the identity of the PEPE team members. The founder of PEPE is Zachary Testa, an American landscape photographer born in 1997, who graduated from Arizona State University in 2018 with a degree in marketing. He has a record of violating the law in multiple wilderness areas, sacred indigenous areas, and other areas where drones are prohibited. PAULY helped the PEPE team get in touch with the Binance coin team and Sushi team members. Zachary used the PEPE income to buy a purple Lamborghini sports car worth $865,000, and his team did not pay any copyright fees to Matt_Furie, the original creator of Pepe the Frog.
DEA suffers zero-transfer phishing attack, loses over $50,000
According to a search warrant reviewed by Forbes, in May this year, the US Drug Enforcement Administration (DEA) seized more than $500,000 in USDT from two Binance accounts, suspecting that the accounts were used to transfer illegal drug proceeds. The funds were held in accounts controlled by the DEA and stored in Trezor hardware-based wallets.
friend.tech already supports users sending photos to "Key" holders
Web3 social application friend.tech now supports users to send photos to their "Key" holders.
Tornado Cash co-founder Roman Storm has been released on bail
Brian Klein, the lawyer for Tornado Cash co-founder Roman Storm, said Roman Storm has been released on bail. Brian Klein said he is still very disappointed that prosecutors charged Roman Storm for helping to develop software, and their novel legal theories have dangerous implications for all software developers.
PEPE multi-signature wallet threshold changed from 5/8 to 2/8, over 16 trillion PEPE were transferred to CEX
Crypto KOL CryptoNoddy's monitoring shows that the PEPE multi-signature wallet changed the threshold from 5/8 to only 2/8, which means that it no longer requires 5 out of 8 wallets to sign transactions, but instead only requires 2 out of 8 wallets.
Over 90% of Altcoin Holders Are Losing Money
Crypto intelligence platform IntoTheBlock released data showing that more than 90% of altcoin holders are in a loss-making state, and the voting results show that DeFi tokens perform better. The mainstream DeFi tokens are Compound (COMP), 0x Protocol (ZRX), Uniswap (UNI), AAVE, and Maker (MKR). Among them, MKR is the token with the smallest change in investor profitability. Specifically, it identified MKR as the most profitable asset for holders for most of the year. Only 52.36% of MKR holders are in a loss-making state. Similarly, UNI and AAVE investors in a loss-making state account for 71.93% and 76.35% of holders, respectively.
ARK Invest and 21Shares jointly submit two Ethereum futures ETF applications
Bloomberg senior ETF analyst James Seyffart wrote that ARK Invest and 21Shares jointly submitted two Ethereum futures ETF applications, one of which is the Ethereum futures ETF with the code ARKZ, and the other is the Bitcoin + Ethereum futures ETF with the code ARKY.
View
Paidun: Magnate Finance developers modified the protocol oracle provider and removed all assets
According to Paidun’s monitoring, Magnate Finance developers modified the provider of the protocol oracle and removed all assets from the protocol. Currently, Magnate Finance TVL is only $107,000.
ZachXBT: Magnate Finance website is not accessible and the Telegram group has been deleted
Chain detective ZachXBT posted on social media that Magnate Finance's website and social media platforms are currently inaccessible. Its Telegram group has been deleted. BlockBeats previously reported that Chain detective ZachXBT said that the community has reminded that Base ecosystem lending protocol Magnate Finance may soon have an exit scam because its deployer address is directly related to Solfire's exit scam. Its current TVL exceeds $6.4 million.
Delphi Digital: Base became the fastest L2 to reach 100,000 daily active users in just 56 days
Delphi Digital stated on its social platform that Coinbase L2 Base became the fastest L2 to reach 100,000 daily active users, achieving this milestone in just 56 days after the mainnet was launched.
data
Curve: crvUSD lending total hits record high
Curve said on the social platform that the total amount of crvUSD loans has reached a record high. Data shows that the total supply of crvUSD is currently 125 million, and the total loan amount is 109 million.
Data: DWF Labs transferred 10 million FET from Binance 30 minutes ago, worth about $2.016 million
According to Spot On Chain, DWF Labs transferred 10 million FET from Binance 30 minutes ago, worth about $2.016 million. Currently, DWF Labs is the 21st largest holder of FET tokens.
Tether Transparency Report: Total Assets Reach $86.1 Billion, Reserve Ratio Exceeds 100%
According to Cointelegraph, Tether's transparency report shows that Tether currently has nearly $3.3 billion in liquidity buffer reserves. As of August 24, Tether's total assets were $86.1 billion, total liabilities were $82.8 billion, and the reserve ratio exceeded 100%.
Data: A whale spent 320 ETH to buy 640 billion PEP 3 hours ago
According to Lookonchain monitoring, a whale used 320 ETH to buy 640 billion PEPE (worth $529,000) 3 hours ago. It is understood that the whale used 280 ETH (507,000 USD) to buy 500 billion PEPE on June 5, and used 253 ETH (481,000 USD) to buy 164 billion PEPE on May 5. The average purchase price is $0.000001163.
Data: A whale transferred 3.6 million SAND to Binance 16 hours ago, about 1.16 million US dollars
According to Spot On Chain monitoring, a whale address "0x53e" (suspected to be a SAND investor) transferred 3.6 million SAND to Binance 16 hours ago, about 1.16 million US dollars. It is understood that the whale has transferred a total of 34 million SAND to the trading platform, accounting for 90% of the SAND tokens it holds, and currently still holds 3.6 million SAND.
Bitwise report: Uniswap spot trading volume exceeds Coinbase for two consecutive quarters
According to data shared by Ryan Rasmussen, a researcher at crypto asset management company Bitwise, Uniswap processed about $110 billion worth of spot transactions in the second quarter, while Coinbase processed about $90 billion in transactions. In the previous quarter, Uniswap's spot trading volume also exceeded Coinbase. (The Defiant)
The Bitcoin Volatility Index rebounded to 45.62 yesterday, a daily increase of 3.4%
The BitVol (Bitcoin volatility) index, launched by financial index company T3 Index and Bitcoin options trading platform LedgerX, rebounded to 45.62 yesterday, up 3.4% from August 23.
friend.tech「Keys」Price Ranking: Founder Racer ranks first with 2.57 ETH
The latest data from friend.tech's "Keys" price rankings shows: · Platform founder Racer ranks first with 2.57 ETH; · Crypto trader L ranks second with 2.40 ETH; · Crypto KOL Hsaka ranks third with 1.68 ETH; · NDV co-founder Christian2022.mid ranks fourth with 1.60 ETH; · Crypto KOL Cobie ranks fifth with a price of 1.58 ETH.
Nansen: NFT total daily sales and active wallets have both been on a downward trend in the past 3 months
Nansen data shows that total NFT trading volume fell 49% this month to 223,000 ETH, or about $367 million. In the past three months, both the total daily sales of NFTs and the number of daily active wallets have been on a downward trend. The Nansen NFT-500 Index has fallen 56% so far this year.
The floor price of the first NFT series issued by Trump rose to 0.193ETH, a daily increase of 41%
According to OpenSea data, the floor price of the first NFT series "Donald Trump Digital Trading Card" issued by former US President Trump rose to 0.193ETH after he returned to Twitter today and posted a tweet, with a daily increase of 41% and a trading volume increase of 258%.
Beosin: Magnate Finance deployers have stolen a total of $16.7 million through multiple rug pulls
According to Beosin Alert monitoring, the Magnate Finance deployer address is related to the Rug Pull incidents of Solfire and Kokomo Finance, and the scammer stole a total of $16.7 million. It is understood that today, Magnate Finance had a Rug Pull that stole $6.5 million. On January 23, 2022, Solfire had a Rug Pull that stole $4.8 million; on March 27, 2023, Kokomo Finance had a Rug Pull that stole $5.5 million
Financing
Cryptocurrency trading platform BitOasis completes new round of financing, with Jump Capital and others participating
According to Bloomberg, BitOasis, a crypto trading platform in the Middle East and North Africa, has completed a new round of financing. The specific transaction terms and valuation have not been disclosed. This round of financing was participated by Indian crypto trading platform CoinDCX, original investors Wamda Capital and Jump Capital.
Supervision
Xiao Feng: The Hong Kong Securities and Futures Commission may issue an STO regulatory circular by the end of this year
Xiao Feng, Chairman of HashKey Group, said at the "Hong Kong Crypto Finance Summer Forum" that there is still a lot of room for improvement in Hong Kong's existing regulatory rules and laws, and he believes that there will be continuous improvement in the future. At present, many regulations have not yet been promulgated, such as STO (Securities Token Offering). At the end of this year, the Hong Kong Securities and Futures Commission will issue a regulatory circular on STO. Crypto finance (or virtual assets) must support Hong Kong's real economy and technological innovation, and STO is a very important point. Promoting STO financing for technology companies can allow crypto finance to have a relationship with the real economy, and also with Hong Kong's innovative technology. The Hong Kong Securities and Futures Commission can clarify the rules in the regulatory circular, so that the industry will know how to raise funds through tokenization. (Meta Era)
Hong Kong Monetary Authority: Studying the establishment of a regulatory framework for digital Hong Kong dollars or stablecoins
According to the Hong Kong Radio Network, the Hong Kong Monetary Authority said that it is studying the establishment of a regulatory framework for digital Hong Kong dollars or stablecoins, and promoting the industry to apply distributed ledger technology (DLT) to tokenize bank deposits. A seminar will be held with the industry next quarter to introduce DLT technology. HKMA Deputy Chief Executive Officer Ruan Guoheng said that there is no timetable for promoting deposit tokenization, and it will not force all banks to follow suit. The relevant process will not be linked to the research on digital Hong Kong dollars, and the two will be carried out in parallel. Assistant President of Banking Supervision Chen Jinghong said that he hopes that DLT technology will be more widely used in the future, such as reducing the transaction time for issuing bonds to T+1. He also admitted that the DLT platform still faces limitations such as whether the technology is mature enough and whether the stability is sufficient. Further research is needed in the future, but when the technology matures, there will be opportunities to expand to the tokenization of securities, buildings, and mortgage products. (Jinshi)
Hong Kong-listed company Victory Securities launches virtual asset trading app
According to the Hong Kong Economic Times, Victory Securities, a Hong Kong-listed company, has launched a virtual asset trading app, which is currently available for download on the Google Play Store and APK. The company said that in the first phase of the app, professional investors will be the first to experience the security and convenience brought by the virtual asset trading platform provided by licensed institutions. In the future, there will be more functions and the possibility of securities trading integration. Executive Director Chen Peiquan said that the company launched the first virtual asset trading app, which allows Bitcoin and other mainstream cryptocurrencies to be traded without time or geographical restrictions. It is expected that in the near future, compliant virtual asset transactions will be launched for retail investors, and it will play its due role in the field of virtual assets.
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