Featured News:
1. Web3 Metaverse platform ZepetoX will launch ZTX tokens on October 16, with a total supply of 10 billion;
2. Ripple CTO called on the community to reach a consensus on the adoption of XRPL AMM functions;
3. Sisyphus’ identity was revealed, and he is suspected to be Kevin Pawlak, the venture capital director of OpenSea;
4. CZ shared his experience of Bitcoin halving: the price of the currency hit record highs several times within a year after the halving;
5. The total size of the Federal Reserve's balance sheet fell below the $8 trillion mark
Project News
Web3 Metaverse Platform ZepetoX to Launch ZTX Token on October 16 with Total Supply of 10 Billion
ZepetoX, a metaverse project built by Zepeto, a metaverse platform under South Korean Internet giant Naver, and Jump Crypto, announced that the ZTX token airdrop and release date is October 16, and the total supply will be fixed at 10,000,000,000. ZTX tokens can be used for community governance, purchasing in-game assets, and improving players' progress in the game. In addition, the platform will also promote the value of the ZTX ecosystem through a token buyback program, including destruction (reducing the total supply), providing rewards to players (incentive pool), and a portion of it is used to fund the treasury.
Stars Arena: has partnered with blockchain security experts to enhance technology and security capabilities
The official website of friend.tech's imitation Stars Arena stated that it has cooperated with blockchain security experts Paladin Blockchain Security and the Locrian team, which will further enhance the platform's security infrastructure and enhance the team's technical and security capabilities.
Earlier news, Stars Arena stated that the funds have been transferred from the original fee wallet to the new Gnosis Safe multi-signature wallet, which requires 3/6 signatures and is controlled by all members of the Stars Arena team.
Ripple CTO calls on the community to reach consensus on the adoption of XRPL AMM functionality
Ripple CTO David Schwartz called on the community on social media to reach a consensus on the adoption of the XRP Ledger (XRPL) AMM function, especially for XRPL validators to vote in favor. He said that if the majority of validators support the amendment, it will be implemented within two weeks, but no validators are currently participating in the vote.
Bitcoin halving is expected to take place on April 25, 2024, with less than 200 days remaining.
According to the Bitcoinblockhalf website, there are less than 200 days left from the current block height until the Bitcoin halving, which is expected to take place on April 25, 2024, when the block reward will drop from 6.25 BTC to 3.125 BTC.
Bitmain owes wages due to cash flow problems, performance wages of all employees in September may be deducted
According to information from the workplace social platform Maimai Community, suspected Bitmain employees reported that Bitmain has wage arrears due to cash flow problems, and the 2022 year-end bonus has not yet been paid. Half of the basic salary of all employees in September may be deducted, and the performance salary may be deducted in full. According to Wu Blockchain, several Bitmain internal employees confirmed that Bitmain issued a notice on October 3: The company's operating cash flow in September has not turned positive, especially the progress of the department mine (referring to the entry of mining machines into the mine) is seriously not up to standard. EMT decided to postpone the payment of part of the salary of all employees in September, and pay it according to the situation after the holiday on October 7. Bitmain has just held a conference in Hong Kong and released the latest S21 mining machine.
FTX paid NBA star Curry $35 million in advertising fees for only working 20 hours a year for three years
According to Bitcoinist, Michael Lewis, author of The Big Short, claimed in an interview that NBA star Stephen Curry worked 20 hours a year for 3 years and was paid $35 million to promote FTX. In an interview to promote his new book about FTX founder SBF, Lewis said he was lucky to have met with the former CEO more than 100 times.
During his meeting with SBF, he reviewed some of the internal FTX documents that showed the details of celebrities working with the cryptocurrency company. That’s how he learned about Curry’s deal with FTX. “He paid Tom Brady $55 million for 20 hours a year for three years. He paid Stephen Curry $35 million for three years on the same terms.” SBF also paid tens of millions of dollars to several other celebrities to promote FTX, including a Super Bowl ad.
Sisyphus's identity was revealed, suspected to be Kevin Pawlak, head of venture capital at OpenSea
NFT Ethics published a post on social media revealing the true identity of Sisyphus, who was traced to Kevin Pawlak, head of venture capital at OpenSea. Sisyphus has been involved in various very questionable business transactions (such as Anubis) and price gouging.
Sisyphus also attempted to use private accounts to influence OpenSea’s decisions, communicating with Alameda Research and telling them to buy Anubis (ANKH). NFT Ethics investigated Sisyphus&Co as a premeditated rug pull in the Anubis incident, and then laundered the money through PEPE.
BlockBeats previously reported that on October 29, 2021, the meme+OHM copycat Anubis withdrew liquidity one day after its launch, resulting in asset losses of 13,256 ETH.
Shandong Shen County Public Security Bureau cracked a virtual currency pyramid scheme case and recovered more than 10 million yuan in illegal gains
The Shen County Public Security Bureau in Liaocheng, Shandong Province cracked a virtual currency pyramid scheme case, arrested 6 pyramid scheme leaders and core members, and recovered more than 10 million yuan in illegal gains. In 2022, the police of the Shen County Public Security Bureau discovered virtual currency pyramid schemes on BSC during a network patrol. After repeated research and in-depth investigation, the project used the "token pocket" wallet with the help of smart contracts to release decentralized (no personnel registration information) cryptocurrencies DCS and CAR, and used high returns as an inducement to encourage participating members to drive up the prices of DCS and CAR and attract new members to join, suspected of pyramid schemes. The police of the task force took multiple measures and worked hard, and finally successfully identified the organizers, project promoters, and backend maintainers of the pyramid schemes by using information technology.
HTX sends 250ETH white hat bounty to attacker, worth $410,000
According to ZachXBT monitoring, HTX has sent a white hat bounty of 250 ETH, worth $410,000, to the HTX Global attacker, with a note: "You made the right decision. Please submit a security vulnerability analysis report via email so that we can avoid similar incidents in the future. Your privacy will be protected." Previously, on October 7, according to Lookonchain monitoring, the hacker who attacked HTX returned 4,999 ETH (about $8.2 million) in stolen funds.
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CZ shares Bitcoin halving experience: the price of the currency hit a record high several times within a year after the halving
CZ posted on Binance Square that Binance has added a Bitcoin halving countdown display on its homepage. In addition, CZ also shared his experience with the past three Bitcoin halvings. "In the months before the Bitcoin halving (from now on), there will be more and more rumors, news, anxiety, expectations, hype, hope, etc. And in the year after the halving, the price of Bitcoin has hit record highs many times." CZ also added, "This does not mean that there is a definite causal relationship. History cannot predict the future."
OpenAI founder Sam Altman: A global currency that is not controlled by any official authority is necessary
When OpenAI founder Sam Altman participated in Joe Rogan's Podcast, he recognized that Bitcoin is expected to become a universal currency, and believed that "having a global currency that is not controlled by any official is a very logical and important step in the technology tree."
Starknet Community MOD: Starknet team and members are currently safe
Affected by recent international events, members of the Starknet community expressed concerns about the team's situation. In response, Starknet community administrator Wind Rider said that the Starknet team and its members are currently safe. StarkWare, the parent company of Ethereum Layer2 expansion solution Starknet, was founded in 2018 and is headquartered in Israel.
data
Data: More than 10,000 Bitcoins flowed out of CEX, the largest outflow in a single month this year
According to data from the on-chain analysis platform Santiment, more than 10,000 bitcoins have flowed out of CEX since September 7, the largest monthly outflow this year. At the same time, the number of unique Bitcoin addresses also fell to a six-week low.
Data: Base network TVL grew by more than 25% in the past week, mainly from native USDC minting
According to L2BEAT data, the TVL of the Base network increased by 25.16% in the past week, reaching 557 million US dollars. Among them, the value of native asset casting increased by 467.32%. USDC is the main native asset of the Base network, and it has currently issued 159 million US dollars on the Base network.
This week’s unlocked data summary: Aptos will unlock over $20 million worth of APT
According to Token Unlocks data, this week GLMR, 1INCH, APT, EUL, SWEAT, and CYBER tokens will have a one-time large-scale unlock, including:
At 7:48 on October 9, X2Y2 unlocked 12.5 million X2Y2 (about 220,000 US dollars), accounting for 4.05% of the circulating supply;
At 8:00 on October 11, Moonbeam will unlock 9.68 million GLMR (about $2.05 million), accounting for 1.29% of the circulating supply;
At 20:00 on October 11, 1inch will unlock approximately 210,000 1INCH (approximately US$55,000), accounting for 0.02% of the circulating supply;
At 8:00 on October 12, Aptos will unlock 4.54 million APT (about 23.63 million US dollars), accounting for 1.9% of the circulating supply;
At 9:10 am on October 12, Euler tokens will unlock approximately 150,000 EUL (approximately US$390,000), accounting for 0.8% of the circulating supply;
At 8:00 on October 13, Sweat Economy will unlock approximately 227 million SWEAT (approximately US$2.29 million), accounting for 2.95% of the circulating supply;
At 8:00 on October 15, CyberConnect will unlock 1.26 million CYBER (about 6.24 million US dollars), accounting for 11.43% of the circulating supply.
Data: Suspected Upbit wallets have accumulated 4.71 million BNT today, equivalent to about 2.54 million US dollars
According to Lookonchain monitoring, the suspected Upbit wallet has accumulated 4.71 million BNT (about US$2.54 million) in the past 11 hours, accounting for 3.3% of the total supply.
Ordinals inscription minting volume exceeds 35 million, transaction fees exceed 2,000 BTC
According to Dune data, the total number of Ordinals inscriptions minted by the Bitcoin NFT protocol has exceeded 35 million, reaching 35,274,213, and the current total transaction fee is 2,121.1597 BTC (about US$59,385,414).
Data: The number of Reddit Collectible Avatar NFT series holders exceeds 20 million
According to Dune data, the number of holders of Reddit's Collectible Avatar NFT series has exceeded 20 million, and as of press time, it is 20,135,117. The total minting volume is close to 25 million, and the market value has returned to above $100 million, currently about $105,022,965, with a total sales volume of over $41 million.
Data: Today, 2 addresses withdrew 11.9 million STORJ from Binance, equivalent to approximately US$5.75 million
According to Ember’s monitoring, today, 2 addresses withdrew 11.9 million STORJ (about 5.75 million USD) from Binance. Since September 15, a total of 5 addresses have withdrawn 46.81 million STORJ (about 22.7 million USD) from CEX, accounting for 11.75% of the circulating supply of STORJ.
DWF Labs deposited 24.06 million ORBS to Bithumb today
According to The Data Nerd, ORBS rose 42% today. When DWF Labs deposited the tokens on CEX, the price rose rapidly at first, but that was not all.
ORBS currently accounts for the largest portion of DWF Labs’ portfolio, at 150 million (about $4.98 million), and these tokens were minted in 2018. DWF Labs deposited 24.06 million ORBS (about $776,800) with Bithumb today at an average price of $0.031; these tokens were withdrawn from Upbit 3 months ago at an average price of $0.22. In addition, between March 15 and May 29, they deposited a total of 193.9 million ORBS (about $5.85 million) with Upbit and Bithumb at an average price of $0.03; subsequently, the ORBS price fell 27% from $0.033 to $0.026. From May 9 to June 21, they deposited a total of 20.5 million ORBS (about $549,000) to Uupbit at an average price of $0.0267.
Subsequently, ORBS price fell by 29%, from $0.027 to $0.021. Meanwhile, ORBS quickly rose by more than 40% in just 1 day. Another point worth noting is that Upbit is currently one of the top three ORBS holders, with 1.63 billion ORBS (about $49.8 million), accounting for 16% of the total supply.
Early BNB holders deposited another 7,005 BNB to Binance, equivalent to approximately $1.48 million
According to Lookonchain monitoring, early BNB holders deposited another 7,005 BNB (about $1.48 million) to Binance today. The address has made more than $54 million in profit on BNB, and currently has 5,447 BNB (about $1.15 million) left. Between August 2017 and February 2018, whales withdrew a total of 505,990 BNB (about $1.8 million at the time) from Binance at an average price of $3.6 through multiple addresses. Then, after BNB rose, 500,543 BNB (about $56 million) was deposited into Binance at an average price of $112.
A whale once again increased his holdings by 424,000 LINK at an average price of $7.67, equivalent to about $3.25 million
According to Lookonchain monitoring, a certain whale address increased its holdings by 424,443 LINK (about 3.25 million US dollars) at an average price of US$7.67 an hour ago. Previously, on July 20, the relevant address purchased a total of 788,877 LINK (about 6 million US dollars) at an average price of US$7.62.
Ethereum network gas fee drops to 5 gwei
According to Etherscan data, the current Ethereum network gas fee has dropped to 5 gwei.
Ethereum's annual inflation rate has risen to 0.385%, with 8881.04 coins inflated in the past 7 days
According to ultrasound.money data, Ethereum's annual inflation rate has risen to 0.385%, with inflation of 8,881.04 ETH in the past 7 days.
In the past month, 5 addresses have withdrawn 46.48 million STORJ from CEX
According to Lookonchain monitoring, in the past month, 4 new wallets have withdrawn a total of 40.59 million STORJ (about 19.72 million US dollars, accounting for 9.55% of the total supply) from trading platforms. The price of STORJ has increased by more than 100% in the past month. The 0x33 address withdrew 25.57 million STORJ (about 12.42 million US dollars) from Binance and OKX from September 15 to September 19; the 0xdF address withdrew 5.68 million STORJ (about 2.76 million US dollars) from Binance today; the 0x79 address withdrew 5.35 million STORJ (about 2.6 million US dollars) from Binance on September 19. The 0x97 address withdrew 3.98 million STORJ (about 194 US dollars) from Binance on September 19. As of writing, another wallet address has withdrawn 5.89 million STORJ (about $2.84 million) from Binance.
Supervision
The Fed's total balance sheet size falls below $8 trillion
According to data from the Federal Reserve's official website, as of October 3, the size of the Federal Reserve's balance sheet was US$7.955 trillion, a single-week reduction of approximately US$46.2 billion from US$8.002 trillion in the previous week.
SEC says cryptocurrencies have 'no intrinsic value, are investment contracts' in Coinbase case
The U.S. Securities and Exchange Commission (SEC) argued in its federal court case against Coinbase that cryptocurrencies lack any "inherent or intrinsic value." The SEC said in its filing: "A crypto asset itself has no inherent or intrinsic value - it is tied to its underlying value, which is an investment contract for the crypto assets involved in this case." The argument has drawn opposition from Coinbase and crypto professionals. Coinbase Chief Legal Officer Paul Grewal said: "The SEC's argument implies that everything from Pokemon cards to stamps to Swiftie bracelets is a security, which is simply not the law and should not be the law." (Decrypt)
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