1. Grayscale September Market Report: Bitcoin remains strong despite global market turmoil
According to the September market report released by Grayscale, Bitcoin performed well amidst the global market fluctuations in September 2023. Bitcoin rose 4.1% in September, while most traditional assets suffered heavy losses, especially in U.S. bonds. In the context of rising yields, Bitcoin's characteristics as a "store of value" and "crisis haven" are demonstrated. Reports further suggest that the next price catalyst for Bitcoin could come from the approval of a Bitcoin spot ETF. In particular, the SEC has until October 13 to seek a rehearing of Grayscale's defeat in the court's recent ruling. If the SEC abandons the appeal, it will reconsider Grayscale's application to convert GBTC to a spot ETF, as well as other related bits. Coin spot ETF application.
2. The Aave community launched two ARFC proposals to "add STG and KNC tokens to Aave V3 in isolated mode", and the voting will end tomorrow
According to the Snapshot voting page, the Aave community has initiated two ARFC proposals: "Add Stargate's STG token to the Aave V3 Ethereum market in isolated mode" and "Add Kyberswap's KNC token to the Aave V3 Ethereum market in isolated mode". Voting will end tomorrow.
3. DeFi derivatives protocol Perennial launches V2, now available on Arbitrum
DeFi derivatives protocol Perennial has launched V2, which is currently available on the Arbitrum network and will soon be available on the Base network. New features include oracle updates, support for complex order types, multi-asset vaults, and more. Last December, Perennial completed a $12 million financing round led by Polychain Capital and Variant.
4. Trader Joe's application for funding from the Arbitrum DAO Treasury was reduced from 1.83 million ARB to 1.51 million ARB
Decentralized trading platform Trader Joe's officials stated that based on recent feedback received from Arbitrum representatives, its application for ARB grants from the Arbitrum DAO treasury has been reduced from 1.83 million to 1.51 million, which will be used to improve spot liquidity and trading efficiency, promote the development of the Arbitrum ecosystem, and attract more users to join the Arbitrum ecosystem.
5. Immutable releases Immutable zkEVM roadmap, which will be launched on the mainnet from December this year to January next year
Immutable releases mainnet launch roadmap. In November, it plans to rebuild the Immutable zkEVM testnet and upgrade its first EVM client from Polygon Edge to Geth, ensuring that Immutable zKEVM is as close to Ethereum as possible while being fully compatible with the entire Ethereum tool ecosystem. The zkEVM mainnet will be launched from December to January next year, and developers will be invited to join in groups before opening it to the public. In 2024, Immutable will provide a dedicated application chain with the same technology stack and functionality as Immutable zkEVM, but with a unique level of customization. Finally, zk-prover will be introduced, and a trustless cross-chain bridge between Ethereum and Immutable zkEVM will be provided.
6. JPEX announces DAO stakeholder dividend plan, and the platform will begin to operate in the form of DAO
According to official news, JPEX has announced the "DAO Stakeholder Dividend Plan". This referendum was approved by 68% of users. The platform will begin to implement the DAO Stakeholder Dividend Plan in stages starting from October 4, 2023. Users who agree to subscribe to the DAO Stakeholder Dividend will gradually receive different dividends from the platform from the following aspects, including: (1) dividends on the listing fees of new tokens on the platform; (2) dividends on the handling fees of spot and derivative products; (3) distribution of corresponding platform coins JPC according to the proportion of stakeholder dividends held; (4) The remaining USDT in the JPC income pool will be distributed to holders in stages according to the dividend ratio owned by the holders. The USDT daily income of the JPC income pool will stop being distributed after the implementation of the plan, and the 12% annualized income of JPC will not be affected.
The platform will begin to operate in the form of a DAO. All holders of DAO dividends will be able to obtain voting rights in the future and participate in the platform's decision-making in the form of a referendum. The team is currently working hard to continue negotiations with third-party market makers and hopes to release funds as soon as possible for platform adjustments.
7.TON receives tens of millions of dollars in investment from MEXC Ventures
According to Cointelegraph, the decentralized blockchain platform The Open Network (TON) received an investment of tens of millions of dollars from MEXC Ventures, a venture capital company under MEXC. The specific amount was not disclosed. At the same time, MEXC and the TON Foundation have established a strategic partnership to promote the accessibility of global Web3 by lowering the entry barrier. MEXC Ventures will also continue to fund TON-based mini applications. In addition, MEXC and the TON Foundation are also discussing funding for crypto wallets on Telegram.
8. Web3 catering platform Blackbird completes $24 million Series A financing, led by a16z
According to The Block, Web3 restaurant loyalty application Blackbird announced the completion of a $24 million Series A financing, led by a16z Crypto, with participation from QED, Union Square Ventures, Shine, Variant and several restaurant groups. This round of financing brings Blackbird's total financing to $35 million, and the company plans to use the funds to expand its business. Blackbird focuses on establishing direct connections between restaurants and guests through loyalty and membership services. In addition to collecting customers' dining preferences, it also uses cryptocurrency to reward sign-ins. According to previous news, in October last year, Blackbird completed a $11 million seed round of financing, led by Union Square Ventures, Shine Capital and Multicoin Capital, with participation from Variant, Circle Ventures and IAC.
9.Optimism: 230 million OP tokens will be transferred to institutional custodians for security purposes
Optimism tweeted that it expects about 230 million OP tokens to be transferred on October 5. These tokens belong to core contributors and are being transferred to institutional custodians for security purposes.