Compiled by: Luan Peng, ChainCatcher
Important Information:
OKX will launch X (X empire) for spot trading and provide pre-listing futures for X
Typical cases of Shandong courts applying the Civil Code: Currently, there is no law that explicitly prohibits the issuance and trading of digital collections.
DWF Labs co-founder: The Meme coin market is mature and stable, and institutionalized investment in meme coins is still a priority
Shenyu: Thanks to Arkham for helping to recover funds from a batch of old addresses
Former FTX executive Ryan Salame announced his new job title as a prisoner on LinkedIn before going to prison, adding the skills of "cleaning and wood chipping"
Citibank's cash token service is now in commercial use
Arbitrum community members questioned the progress of the "Game Catalysis Plan" and initiated a proposal to return 220 million ARB to the DAO Treasury
Mu Changchun: The digital RMB value model can provide smart payments on the blockchain, and will be further developed in areas such as smart contracts in the future
“What important events have occurred in the past 24 hours?”
OKX will launch X (X empire) for spot trading and provide pre-listing futures for X
OKX announced that it will launch X (X empire) on October 15, 2024 and launch spot trading and pre-trading market futures. X token recharge will be open at 12:00 (UTC) on October 15, call auction will be held from 11:00 to 12:00 (UTC) on October 24, X/USDT spot trading will start at 12:00 (UTC) on the same day, and withdrawals will be open at 10:00 (UTC) on October 25.
X empire is a Telegram-based "Tap-to-earn" game where players earn in-game tokens by upgrading their characters, which can then be converted into $X tokens. The project combines AI, blockchain, and user-generated content to provide users with a seamless entry into the Web3 world.
Typical cases of Shandong courts applying the Civil Code: Currently, there is no law that explicitly prohibits the issuance and trading of digital collections.
The official account of the People's Court of Laiwu District, Jinan City, announced the 167th typical case of the application of the Civil Code by Shandong Court, the determination of the legal attributes of digital collections and the effectiveness of their trading behaviors (the case of Yang Moumou v. a cultural and creative company on a sales contract dispute). The judgment pointed out that digital collections are a kind of online virtual property. There is currently no law in my country that explicitly prohibits the issuance and trading of digital collections. For digital collection transactions between civil subjects, as long as the actors have the corresponding civil capacity and their intentions are genuine, they should be deemed legal and valid.
Digital collectibles have the dual attributes of collection and investment, and contain relatively high market risks. Purchasers whose purpose is to earn the difference in secondary market transactions of digital collectibles should not be identified as consumers under the (Consumer Rights Protection Law) and should bear the corresponding risks of market price fluctuations.
DWF Labs co-founder: The Meme coin market is mature and stable, and institutionalized investment in meme coins is still a priority
DWF Labs co-founder Andrei Grachev said in an X post: "The Meme coin market has become a mature and solid part of the industry. It takes advantage of extreme fear and greed, allowing smart investors and traders to make huge fortunes. DWF Labs institutionalized investment in meme coins a few years ago, and this remains one of our priorities."
Shenyu: Thanks to Arkham for helping to recover funds from a batch of old addresses
Shenyu YuX, co-founder and CEO of Cobo, said in a post: "I recently sorted out a batch of old addresses from 1,000 days ago. Some of the old contracts of these addresses still have funds, but they are not displayed on the front end. Thanks to Arkham for reminding me in time and helping me retrieve these funds. I really feel the warmth and progress of the industry."
Former FTX executive Ryan Salame announced his new job title as a prisoner on LinkedIn before going to prison, adding the skills of "cleaning and wood chipping"
Former FTX executive Ryan Salame shared his new status on LinkedIn before going to prison, Ryan Salame "happily" announced his new position as an inmate at FCI Cumberland.
He also updated his profile to add "cleaning and chipping wood" as one of his skills.
Earlier news, former FTX executive Ryan Salame's request to postpone his sentence was rejected by the judge.
Citibank's cash token service is now in commercial use
A year ago, Citi launched two tokenized deposit solutions in pilot mode. The Citi Cash Token service enables businesses and institutions to move funds between Citi branches around the world 24/7. The service is now commercially available, with Mars being one of the first customers.
The second solution, Citi Token Services for Trade, is still in pilot mode and is conducting new pilot transactions with shipping agents CB Fenton and GAC Panama Shipping.
Arbitrum community members questioned the progress of the "Game Catalysis Plan" and initiated a proposal to return 220 million ARB to the DAO Treasury
According to Unchained, more than four months ago, Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalysis Program" (GCP). However, community members raised questions due to the lack of transparency and accountability mechanisms.
Arbitrum community member Joseph Schiarizzi (@CupoJoseph) published a governance proposal to return 220 million ARB in the GCP multi-signature wallet to the Arbitrum DAO treasury.
The proposal states that the GCP Council has not fulfilled its duties and has delayed the multiple oversight and transparency responsibilities it promised in the initial proposal. On-chain data shows that 1.35 million ARBs have been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARBs. If the proposal is passed, GCP will only retain approximately $2 million in funds to continue operations until more funds are proven to be needed.
Schiarizzi said his proposal may not pass, but it aims to introduce some accountability for the $120 million in ARB tokens that back GCP. “I think it will push people to release updates more quickly,” he said.
Mu Changchun: The digital RMB value model can provide smart payments on the blockchain, and will be further developed in areas such as smart contracts in the future
Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, recently wrote in (Current Affairs Report) that the digital RMB has both account and value models through a two-tier operating structure. In the future, the digital RMB will deepen its development in areas such as cross-border payments and smart contracts, and help the internationalization of the RMB and the construction of a unified domestic market.
The digital RMB has both account and value models, and realizes a global account through data capability building: under the account mode, it can be integrated and interoperable with the traditional bank account system; under the value model, value can be exchanged through the form of coin strings, which can provide smart payment on the blockchain and can also be used in offline extreme scenarios such as "no network" and "no electricity", optimizing the traditional trade finance business processes and supporting cost reduction and efficiency improvement.
Craig Wright, known as “Satoshi Wright”, files lawsuit against BTC Core and Square
Craig Wright, also known as “Australian Satoshi”, filed a lawsuit against BTC Core and Jack Dorsey’s payment company Square in the UK High Court on October 10 as a “pro se litigant” without hiring a lawyer. The specific purpose of the case has not been disclosed.
Craig Wright also posted legal threats related to MicroStrategy on the X platform, but it is unclear whether they are related to this lawsuit.
In addition, Craig Wright is currently attempting to launch three appeals in the UK, two of which are against the Crypto Open Patent Alliance (COPA).
FOX reporter: Ripple founder donates $1 million in XRP to Harris PAC
FOX reporter Eleanor Terrett posted on social media that Ripple founder Chris Larsen has made the first recorded cryptocurrency donation to Kamala Harris. According to new US Federal Election Commission (FEC) filings, Larsen donated $1 million in XRP to Future Forward USA, one of the main super PACs supporting Harris.
Biden: Authorized to provide Trump with everything he needs
When U.S. President Biden was asked about Trump's security requests, he said he had authorized providing Trump with everything he needed.
It is reported that in the face of Iran's threats, Trump put forward security requirements for the use of military aircraft and vehicles.
Changpeng Zhao: Beware of deep fake videos about me on social media
Binance founder Changpeng Zhao posted on the X platform: "There are deep fake videos of me on other social media platforms. Please be careful of scams."
"What are the interesting articles worth reading in the past 24 hours?"
Scroll airdrop allocation causes controversy: How does Binance Launchpool's high quota affect SCR prices?
Yesterday, SCR was officially launched as Binance's first pre-market trading project. After opening, it experienced a sharp rise and fall, and is currently consolidating around $1.1. As of press time, SCR's pre-market trading price is $1.186.
On October 8, Binance and Scroll officially announced that the SCR token will become Binance's first pre-market trading project and announced its token economics. As soon as the news was released, the community questioned that Scroll's airdrop quota was too low and the Lauchpool quota was too high, which was a gesture of goodwill to Binance. In response, Sandy, a core contributor to Scroll, tweeted that Binance is the best channel for global distribution. It will open up upstream and downstream channels and help Scroll develop to the next stage, especially in emerging markets. Scroll's ETH deposits and withdrawals are now available on Binance, and soon, stablecoin support on Scroll will also be available directly on Binance. This listing on Binance will help Scroll achieve global expansion.
Later, Scroll co-founder Zhang Ye also tweeted to refute the view of "kneeling to CEX". He said that this is a strategic decision to establish a partnership to promote growth and gain wider support, and Binance has strong support for the entry and exit of stablecoins. Secondly, the timing of the current coin issuance is completely different from the situation when ETH, Arbitrum and Optimism were launched, and CEX does not have the same leverage in distribution. He also explained that Launchpool's budget comes from growth, not community airdrops, and does not affect the rights and interests of the community. Token distribution is not a one-time event, it is a growth lever, and project construction requires long-term growth. Scroll's technical roadmap and the next stage of ecological growth planning will be released in a few weeks.
Roundtable Discussion: What is the biggest obstacle to the development of the intention track?
This Thursday night, ChainCatcher held an X Space with the theme of “When will ‘Intent’ Explode?” and invited senior builders in the intent track to share their insights and opinions.
From crypto geeks to mass adoption, an in-depth look at crypto user experience
Since the birth of blockchain, crypto geeks have been determined to build an interactive environment and architecture full of rebellion and fundamentalism, which ensures purity while also creating certain barriers. As more and more ordinary people participate in the interaction of the blockchain ecosystem, the popular user experience will determine how the next billion users will swim in the ocean of encryption.
When traditional user experience design collides with the new architecture of blockchain, we need to consider how to break down the barriers between them. This article analyzes the user experience architecture one by one, and combines the history of the development of the encryption field to take a glimpse at the formation process of the future user experience in the encryption field.
Upbit makes Korean exchanges start "squid game"? Under investigation for monopoly, accounting for 20% of deposits in digital bank K Bank
On October 11, according to Korean media reports, Upbit, South Korea’s largest cryptocurrency exchange by trading volume, is facing a market monopoly investigation by local financial regulators. Previously, Korean media have repeatedly reported on Upbit’s dominance in its domestic market, with a market share of more than 80%.
The background of this investigation is closely related to the initial public offering (IPO) application submitted by its partner digital bank K Bank in September. The development of the incident has aroused widespread attention to the close relationship between Upbit and K Bank.
Real-life fight in the cryptocurrency world: Bankless founder beats up Synthetix founder
On October 11th local time (October 12th morning Beijing time), Synthetix founder Kain Warwick and Bankless founder David Hoffman had an offline real-life fight in Salt Lake City, Utah.
This game is co-organized by Permissionless and the fighting live broadcast platform Karate Combat. Permissionless is a cryptocurrency-themed conference co-organized by Bankless and Blockworks. The conference will give free tickets to the fighting event to users who hold tickets.
From the perspective of conference marketing, it is not difficult to understand why David chose to participate; as for Kain, he had reached a $500,000 bet with David on the scale of Bankless' sponsorship (essentially investment) of its new project infinex.
