Featured News:
1. Parity Technologies, the Polkadot ecosystem development organization, denied rumors of layoffs, saying that personnel changes will take place in the next few months;
2. Coinbase announced that it will stop supporting pUSDC withdrawal services, and the pUSDC deposit function can be used normally;
3. Lido: The root cause of this slashing incident has been confirmed, and the Launchnodes team has provided funds to cover all validators’ losses;
4. Terraform Labs: Market maker Citadel Securities has a potential connection with UST depegging;
5. Layer 1 blockchain Initia receives funding from Binance Labs in pre-seed round
Project News
Arca initiates discussion on Blur fee switch proposal, intended to be used to repurchase and destroy BLUR
Arca, an investment institution, initiated a discussion on the Blur fee switch proposal, which would add a 1% base transaction fee to the Blur market protocol. It is proposed that these fees be used to systematically buy back and burn BLUR every day. In addition, Arca also proposed a tiered fee structure to provide fee discounts for users holding BLUR.
AbyssWorld claims that its investment institution Chainhill Capital has collapsed and will unlock AWT tokens for investors in advance
The community administrator of the blockchain game AbyssWorld issued a notice saying, "In order to ensure the funds needed for game production, we have decided to postpone the distribution of SUI airdrops to Gazer this month. We have been deceived for a long time. Our early major investor Chainhill Capital has encountered thunderstorm problems. The investment funds for AbyssWorld and other games have not been received. Abyss World has been in arrears for more than half a year. We expanded the team as promised but consumed more cash reserves than planned."
FT copycat Stars Arena’s funding recovery rate has exceeded 87%, and will receive a bridge loan from private investors
FT replica Stars Arena will use the funds recovered from the attack to fill the funding gap. The current gap is 274,333 AVAX, 239,493 AVAX have been filled, and the fund recovery rate has reached 87.30%. All revenue generated to date will be added to the recovered funds. In addition, a bridge loan from a private investor group will be obtained to make up the difference.
Parity Technologies, the Polkadot ecosystem development organization, denied rumors of layoffs, saying that personnel changes will take place in the next few months
According to The Block, Parity Technologies, the Polkadot ecosystem development organization, denied the previous rumors of "laying off more than 300 people this week", but it is seeking to transfer some existing functions to multiple teams within the Polkadot decentralized ecosystem. This will indeed affect the company's staffing, but any personnel changes related to the decentralized transition to various ecosystem funding entities will occur within a few months.
Coinbase announced that it will stop supporting pUSDC withdrawal services, and the pUSDC deposit function can be used normally
According to official news, Coinbase announced that it will stop supporting pUSDC withdrawal services, and the pUSDC deposit function will be used normally (only the native version of USDC on Polygon is supported, and some delays are expected).
FTX case prosecutor: SBF's aggressive behavior when his ex-girlfriend Caroline testified in court has influenced the witness
According to BlockBeats, on October 12, Fortune reported that during the trial of the SBF case, US prosecutor Danielle Sassoon told Judge Lewis Kaplan that SBF showed "laughing, obviously shaking his head, and mocking" during the testimony of former Alameda Research CEO Caroline Ellison.
Danielle Sassoon said that she has not yet communicated with the witness (Caroline), but this may have had a significant impact on her, especially considering their historical relationship, SBF's previous intimidation of her, and their power and romantic relationship. She hopes that SBF can control his behavior during the trial.
Related reading: "Why did SBF want to control BTC below $20,000? The dark game behind Bitcoin price fluctuations"
CoinList Launches Multi-Chain Staking Fund for US Compliant Investors
According to The Block, CoinList is launching a new fund that will allow compliant U.S. investors to earn returns from staking a variety of different digital assets such as Ethereum and Near. CoinList's new financial tool initially only supports staking of Ethereum and Near. In the future, the company plans to add support for staking of several other blockchains such as Flow, Sui and Mina.
Lido: The root cause of this slashing incident has been confirmed, and the Launchnodes team has provided funds to cover all validators’ losses
Lido Finance officially posted on social media that after the Launchnodes team worked all night, the situation has stabilized and the rest of the validator infrastructure has been slowly restored. The root cause of the confiscation incident has been understood, and the minor details are still under investigation.
Currently, the total slashing amount is 20.04 ETH, and is expected to increase to 23.06 ETH by the time of withdrawal. Infrastructure downtime penalties and overall missed rewards (excluding EL rewards) total 5.663 ETH (including slashed validators). The Launchnodes team immediately expressed their desire to compensate stakers as quickly as possible, so 25.663 ETH was paid out before today's rebase, which means that stakers will not see a reduction in rewards on the day due to the outage and slashing.
Related reading: "New developments in the incident: The cause of the Lido slashing incident has been confirmed, and the Launchnodes team has assumed all validator losses"
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Terraform Labs: Market maker Citadel Securities has potential connection with UST depegging
According to Blockworks, Terraform Labs filed a motion with the court requiring market maker Citadel Securities to "produce certain data pursuant to a third-party subpoena," stating that this was "critical" to its defense in a lawsuit filed by the U.S. SEC.
The motion states that Terraform Labs issued subpoenas to Citadel Securities and Citadel Enterprise Americas for trading data "related to the May 2022 unpegging." Terraform points out that public evidence shows that Ken Griffin, the head of the Citadel entity, intended to short UST around the May 2022 unpegging.
Terraform said Nansen’s data helped them find “seven so-called ‘whales’ who have the ability and determination to go long or short on an asset or financial instrument.” In addition, the data also showed that “a small number of participants discovered the vulnerability early in the UST depegging.”
Developer: BitVM aims to scale Bitcoin, not emulate Ethereum
According to Cointelegraph Bitcoin Super Testnet developer BitVM is intended to scale Bitcoin, not launch Ethereum-like decentralized finance applications on the network.
The BitVM whitepaper was published on October 10 by ZeroSync project leader Robin Linus, and the anonymous developer Super Testnet provided technical support to implement the first proof-of-concept of BitVM and work on expanding the functionality of BitVM. After the release, some industry experts believe that BitVM will bring DeFi to Bitcoin, just as the Ethereum Virtual Machine (EVM) did for Ethereum.
Super Testnet said that building a decentralized trading platform on Bitcoin would be a "step backwards". BitVM focuses on expansion, rather than implementing smart contracts and issuing a large number of altcoins. The real killer application is to expand Bitcoin. In addition, BitVM can fix a flaw in the Lightning Network.
data
The third largest retail address of BLZ deposited 14.756 million BLZ into Binance
According to Spot On Chain, the third largest retail BLZ holder, 0xE8F, deposited the remaining 14.756 million BLZ into Binance at an average price of $0.117 (about $1.73 million) 20 minutes ago. If it is actually sold, the address will realize a loss of $1.713 million (-37.2%) from BLZ.
FalconX withdraws another 1.23 million LDO from Binance, worth $1.86 million
According to Lookonchain monitoring, cryptocurrency broker FalconX withdrew another 1.23 million LDO from Binance today, worth $1.86 million. In the past 5 days, FalconX has withdrawn a total of 6.48 million LDO (about $9.8 million) from Binance.
The overall CPI in the United States remained unchanged, while the core CPI continued to decline.
The U.S. unadjusted CPI annual rate in September was 3.7%, and the U.S. unadjusted core CPI annual rate in September was 4.1%, the smallest increase since September 2021, and has fallen for six consecutive months; the U.S. seasonally adjusted CPI monthly rate in September was 0.3%, which also fell from the previous month. (Jinshi)
GSR withdrew 5.17 million HFT from Binance 1 hour ago, and has accumulated 20% of the circulating HFT.
According to Look on Chain data, GSR withdrew 5.17 million HFTs from Binance again 1 hour ago, equivalent to about 1.53 million US dollars. It is reported that GSR currently holds 41.7 million HFTs (about 12.5 million US dollars), accounting for 20% of the circulation.
The address starting with 0x20c has accumulated about 5 million EDU in the past week
According to data from The Data Nerd, since October 5, the address starting with 0x20c has withdrawn a total of approximately 5 million EDU (approximately US$2 million) from Binance, with an average price of US$0.406.
Financing
Account Labs Completes $7.7 Million in Financing, Led by Amber Group and Others
According to Decrypt, Singapore's crypto wallet service provider Account Labs has completed $7.7 million in financing, with Amber Group, MixMarvel DAO Ventures and Qiming Venture Partners co-leading the round. This strategic investment was announced at the same time as the launch of the consumer-centric application UniPass Wallet, a wallet focused on peer-to-peer (P2P) stablecoin transfers.
Layer 1 blockchain Initia receives funding from Binance Labs in pre-seed funding round
According to The Block, developers working on the Layer 1 network Initia announced today that they have received a pre-seed round of investment from Binance Labs. The specific amount of financing and more details have not been disclosed. It is reported that Initia is developed using the Cosmos software development kit (SDK), but it will utilize a computing framework called MoveVM based on the Move smart contract language.
Supervision
US CFTC sues former Voyager CEO Stephen Ehrlich
The U.S. CFTC sued Stephen Ehrlich, former CEO of Voyager, alleging fraud and registration errors in the Voyager digital asset platform and Voyager's unregistered commodity pool operations. Ehrlich and Voyager falsely touted the Voyager platform as a "safe haven" to earn high-yield returns in order to induce customers to buy and store digital asset commodities.
In its ongoing litigation against Ehrlich, the CFTC seeks restitution, disgorgement of ill-gotten gains, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act (CEA) and CFTC regulations.
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