PA Daily | Cyber's emergency proposal was rejected due to an error in the number of tokens; FTX cold wallet began to transfer SOL

Today's news tips:

1. CyberConnect issues urgent proposal to optimize CYBER liquidity

2. CyberConnect: The CP-1 proposal has a digital writing error, so the proposal is rejected

3. Matter Labs co-founder: zkSync Era will be completely switched to Boojum and has entered the final stage

4. FTX cold wallet has started to transfer SOL, holding a total of about $134 million SOL

5. Uniswap V4 will be launched after Dencun upgrade

6.Arkham: Grayscale Ethereum Trust is currently the world's second largest ETH entity, holding $5 billion in ETH

7. MakerDAO announces the final stage of "Endgame", aiming to increase DAI supply to more than $100 billion within three years

8. Vitalik exchanged 500 MKR for 350 ETH, the first sell-off in two years

Regulatory News

Ripple files motion opposing SEC's interlocutory appeal

A document released by Fox Business reporter Eleanor Terrett shows that Ripple has filed a motion against the SEC's interlocutory appeal. Ripple's representative lawyer said: "There are no special circumstances required for an interlocutory appeal." The SEC must respond to the documents filed today by September 8. According to previous news, the SEC has filed a motion with the U.S. District Court for the Southern District of New York, requesting an interlocutory appeal in its legal dispute with Ripple Labs. A federal judge previously ruled that although Ripple's direct sale of XRP to institutional investors violated securities laws, its programmatic sales to retail investors through exchanges did not violate securities laws.

NFT

Project News

DWF Labs and MDT reach strategic cooperation, will provide liquidity and seven-figure financial support to MDT

Measurable Data Token (MDT) announced a strategic partnership with DWF Labs to advance its decentralized AI data value creation ecosystem. The partnership enables DWF Labs to inject liquidity and seven-figure financial support into MDT, thereby promoting MDT to create a decentralized data value creation economy using blockchain technology.

Earlier news, blockchain infrastructure company Chain announced the acquisition of the Measurable Data Token (MDT) ecosystem for US$100 million.

Arkham: Grayscale Ethereum Trust is currently the world's second largest ETH entity, holding $5 billion in ETH

Arkham, an on-chain intelligence platform, tweeted that Arkham has determined on the chain that Grayscale Ethereum Trust is currently the world's second largest ETH entity, holding $5 billion worth of ETH. These funds are scattered across more than 500 addresses, and no single address holds more than $30 million in assets, making the identification process more difficult. Arkham identified these addresses by analyzing activities and cross-checking with Grayscale's publicly reported balances.

MakerDAO announces final phase of “Endgame”, aiming to increase DAI supply to over $100 billion within three years

MakerDAO published a post announcing the final stage of “Endgame”, which will be a complete re-implementation of the entire Maker protocol built on the native blockchain NewChain. Through this strategy, MakerDAO hopes to increase the supply of the stablecoin DAI. MakerDAO stated: “The short-term goal of Endgame is to increase the supply of DAI to more than $100 billion within three years.”

Uniswap V4 will be launched after Dencun upgrade

Uniswap Labs tweeted that Uniswap V4 will be launched after the Dencun upgrade.

Matter Labs co-founder: zkSync Era will be completely switched to Boojum and has entered the final stage

Matter Labs co-founder and CEO Alex revealed in the latest community AMA interview that zkSync is now fully focused on Era, aiming to build a hyper-scalable value Internet using ZK Stack. zkSync Era will switch to Boojum, a proof system based on STARK, and has entered the final stage. After the switch is completed, it will bring more efficient oracles and lower-cost on-chain privacy.

FTX cold wallet has started transferring SOL, holding a total of about $134 million SOL

On-chain data shows that multiple FTX cold wallets began transferring their SOL holdings yesterday. These wallets hold nearly 7 million SOL, equivalent to about $134 million. Solana co-founder Anatoly Yakovenko said he hopes to distribute SOL directly to FTX users. The Solana Foundation revealed last year that Solana Labs sold a total of 58,086,686 SOL to FTX and Alameda Research, equivalent to about $1.1 billion at current value.

CyberConnect issues urgent proposal to optimize CYBER liquidity

According to the Snapshot voting page, the Web3 social graph protocol CyberConnect has issued an emergency proposal to optimize the liquidity of CYBER on the ETH, BSC, and Optimism networks, and proposed a series of active balancing strategies for CYBER tokens on these networks. These strategies include: First, deploying CYBER-ETH, CYBER-BSC, and CYBER-OP Bridge powered by LayerZero's ProxyOFT. Users will be able to bridge CYBER from any chain to another chain on Stargate. Second, use the unlocked network of the network community treasury to provide liquidity for the bridge. The foundation will try to keep 25k CYBER-ETH, 25k CYBER-BSC, and 25k CYBER-OP in the bridge. A total of 7 million CYBER-BSC and 3,888,000 CYBER-ETH can be used to maintain the liquidity of the bridge service. Third, if CYBER-ETH, CYBER-BSC or CYBER-OP are insufficiently funded, the Foundation will destroy and mint CYBER on each chain to maintain a good balance of CYBER on each network. The total supply of CYBER on all chains will always remain unchanged at 100 million.

Binance will adjust the leverage, margin level and funding rate settlement frequency of CYBER U-margined perpetual contracts

According to the official announcement, Binance Futures will adjust the leverage and margin levels of CYBERUSDT U-margin perpetual contracts at 18:30 Beijing time on September 2. Existing positions opened before the update will be affected. Users are advised to adjust their positions and leverage in a timely manner to avoid potential liquidation. In addition, Binance Futures will increase the funding rate settlement frequency of CYBERUSDT U-margin perpetual contracts from every four hours to every two hours starting at 16:30 Beijing time on September 2.

CyberConnect: The CP-1 proposal was rejected due to a digital writing error.

The Web3 social graph protocol CyberConnect said that the CP-1 proposal that just passed had a number writing error, so the proposal was rejected. The number of community vaults is 1,088,000 CYBER and has been unlocked, while the number edited by the proposal is 10.88 million. Although the on-chain vote has passed, it will not be executed for the time being due to data errors.

Earlier news, the Web3 social graph protocol CyberConnect issued an emergency proposal, proposing a series of active balancing strategies for the CYBER tokens on the ETH, BSC, and Optimism networks in order to optimize the CYBER liquidity on these networks.

GHO integration with Aave V3 pool technical issues resolved, minting functionality restored

Aave stated that the technical issues with GHO integration in the V3 Ethereum pool have been resolved and the minting function of GHO has been restored.

Previously, a technical problem was found in the integration of GHO with the Aave V3 GHO pool, and the minting of new GHO was temporarily suspended to fix this problem. On August 30, Aave lifted the suspension of GHO assets on V3 and used freezing as an alternative.

Vitalik exchanged 500 MKR for 350 ETH, the first sale in two years

According to The Data Nerd, 2 hours ago, Vitalik Buterin sold 500 MKR (worth about $581,000) through CoWSwap and exchanged it for 350 ETH. Vitalik then transferred all the received ETH to the address starting with 0x3f6. This is the first time Vitalik Buterin has sold MKR in two years.

Important data

Data: CYBER premium rate on Upbit platform is less than 10%

The price of CYBER on Upbit has fallen to around US$11.7 and is currently trading at 0.00045327 BTC, which is less than 10% higher than the price of around US$10.9 on other exchanges.

Data: ARK Fund increased its holdings of Coinbase by about 7,000 shares in the past week

ARK Fund has accumulated a net increase of 7,052 shares of Coinbase (COIN) this week, which is worth about $550,000 at the current price. The current Coinbase stock price is $77.99.

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