1. Venture capital firm Global Millennial Capital launches Web3 accelerator program
Global Millennial Capital, a venture capital firm that introduces data science concepts into the traditional investment process, has launched the Web3 Accelerator Program, which aims to invest in companies from Pre-Seed to Series A. The accelerator aims to invest in companies in vertical fields such as data ownership, Web3 privacy tools, NFTs, cryptocurrency platforms, blockchain technology, and DeFi, and enables Series A companies to enter the Middle East and Africa markets from the UAE.
2. Hong Kong virtual asset rating agency HKVAC officially invites members to join
Hong Kong virtual asset rating agency HKVAC officially announced that it is inviting virtual asset exchanges, virtual asset-related institutions and financial institutions from around the world to join HKVAC as members to jointly promote the development of the industry. HKVAC's membership system will include the following three types of members: (1) virtual asset exchange members; (2) virtual asset members; (3) financial institution members. After members successfully join, HKVAC will provide exchange ratings, use of indices, and joining the HKVAC Industry Development Association.
3. SignalPlus: Market volatility and decline, large transactions slump
The digital currency market has once again failed everyone's expectations. The price of BTC/ETH continues to fall (24 H BTC: -0.456%, ETH: -0.667%), BTC has fallen below 31,000 again, and ETH's goal has changed from "breaking through 2,000" to "protecting 1,900". The total market option trading volume has been reduced by half compared with yesterday, and block traders are not interested at all (Deribit retail trading volume vs block trading is close to 3:1). The implied volatility of the term mainly at the end of July has fallen sharply. At present, 28 JU L 2 3 on BTC/ETH is only 41.96% (-2.71%), 43.13% (-1.66%), and the surrounding terms have also been pulled down accordingly.
4. The Aave community voted on the proposal to convert 1,600 Ethereum in the treasury into wstETH and rETH
The Aave community is voting on a proposal to convert Ethereum to wstETH and rETH in treasury fund management. The proposal suggests converting 1,600 Ethereum to wstETH and rETH to obtain additional income. The proposal states that the yield on awETH deposits in Aave v2 is 1.69%, while wstETH is 3.8% and rETH is 3.13%. The proposal has currently received over 252,000 votes in favor, and voting will end at 16:22 on July 7, 2023.
5.OPNX CEO: No internal market making, seeking compliance license in Hong Kong
OPNX, a crypto claim and trading platform, shared a conversation with its CEO Leslie Lamb on Twitter. Lamb said that OPNX does not have any internal market making and has provided a "generous market maker program"; OPNX will start in Hong Kong and ensure that OPNX is on the road to obtaining compliance licenses in dialogue with local regulators; OPNX is also constantly expanding its market, such as mainland China, Taiwan, South Korea, Japan, etc. In addition, regarding the platform credit currency oUSD that was previously announced to be under development, Lamb said that oUSD is OPNX's credit loan currency, and the collateral in the system is actually isolated on the chain and kept in a smart contract that is legally separated from the trading platform; this is different from FTX's portfolio margin method, because FTX users cannot know whether the platform funds are separate from their own funds or mixed; the oUSD system allows traders to keep abreast of the health of the trading platform at any time, and also to know that the trading platform has not used or misappropriated customer assets.
6. Paidun: Flare token attacker has transferred 56,200 BNB to Tornado Cash
According to Paidun monitoring, the Flare token attacker has transferred 56,200 BNB (about $13.95 million) to Tornado Cash. In November 2022, the Flare Token attacker withdrew about 3.98 billion Flare from the address starting with address 0xf99c. They then exchanged part of the stolen Flare (about 1 billion) for 16.9 million BSC-USD, and then exchanged 1.98 billion Flare for 32.7 million Future. These Futures were then exchanged for 1.6 million BUSD. A small portion of the stablecoins was exchanged for 2,431.14 ETH and bridged to Ethereum (1,939 ETH) and Avalanche chain (399.8 WETH) through cBridge and Multichain. The attacker attempted to launder these funds into mixers and CEXs through chain-hopping.
7.Metis: Snapshots of METIS holdings on BNB Chain were taken at two key times during the Poly Network attack
Metis officially tweeted that it had taken snapshots of the METIS holding addresses on BNB Chain at two points in time, when Poly Network was attacked and when the attacker first sold METIS. Addresses that purchased METIS on BNB Chain after the snapshot will not be recognized. Metis also said that users are advised not to interact with the METIS token contract on BNB Chain because Metis will deploy a new contract. In addition, Metis also suggested that liquidity providers withdraw all liquidity from Pancake Swap.
8. Starknet v0.12.0 is expected to be deployed to the mainnet on July 12
Ethereum Layer 2 network Starknet has been deployed on the Georli testnet on July 4 to vote on Starknet alpha v0.12. The test vote has started and will end on July 6. After that, the official vote for Starknet v0.12 will be held, which is expected to end on July 10. After the freeze period on July 11, v0.12.0 is expected to be deployed to the mainnet on July 12 according to the voting results. According to previous news, the upcoming Starknet v0.12.0 version focuses on increasing the throughput of the network to improve scale and transaction latency.
9. Foreign media: After Voyager opened withdrawals, the capital outflow reached 134 million US dollars, and Celsius has not taken any action after being allowed to exchange some tokens
According to Blockworks, Celsius and Voyager, two crypto lending companies that went bankrupt last year, have been allowed to start transferring their crypto assets, but only Voyager has been busy. Celsius was approved by the court to start exchanging altcoins for BTC and ETH from July 1. Arkham Intelligence monitoring shows that Celsius had about $600 million worth of cryptocurrencies at the time, of which about 70% of the funds were already BTC and ETH, and other tokens (excluding stablecoins) were about $162 million. From July 1 to July 4, Celsius has not moved any cryptocurrencies. In addition, starting from June 23, Voyager opened withdrawal services to customers for a month, and the on-chain data forwarded by Arkham showed that Voyager's property controlled nearly $413 million in cryptocurrencies the day before withdrawals were opened last month. Since then, a steady stream of outflows has brought this figure down to $307.5 million. Despite an almost comprehensive increase in the price of cryptocurrencies in its portfolio, it has fallen by 25%. At current prices, the total value of all outflows is $134 million.
10. ParaSpace supports Azuki holders to directly claim Elementals airdrops through the platform
NFT lending protocol ParaSpace tweeted that Azuki holders can now claim Elementals airdrops through the ParaSpace Flash Claim function without redeeming Azuki. If the user is eligible to claim, they will see a relevant banner at the top of the lending page.
11. Ethereum client Lighthouse released version v4.3.0, supporting Gnosis Capella upgrade
Sigma Prime, the development team of Ethereum client Lighthouse, said on Twitter that the new Lighthouse version v4.3.0 has been released, which supports the Gnosis Capella upgrade. Gnosis users must upgrade to v4.3.0 before August 1. This version is a low priority version for mainnet, Goerli and Sepolia users. For all networks, this version contains new features, bug fixes and optimizations.
12. Moonbirds Co-Creation: The reward system is coming soon, and the reward token TALONS will include multiple use cases
Kevin Rose, co-founder of the NFT project Moonbirds, updated the project progress on Twitter, saying that the reward system connecting creators and collectors will be launched soon, and the reward token TALONS will include the following use cases: 1. Eligibility to participate in exhibitions and collaborations curated by PROOF; 2. The right to purchase limited peripheral products; 3. Access to exclusive events, such as private dinners, podcast recordings, etc.; 4. Access to PROOF's original collection experiments; 5. Whitelist of future projects and casting qualifications; 6. Qualification for other experimental experiences, such as Moonbirds customization, etc. In addition, Moonbirds will launch The Foundry, an experimental physical space in Los Angeles, and will also launch a new NFT series Mythics. Kevin Rose said: "We have never wavered in our demand for each product to achieve our vision of providing experiences for creators and collectors, including Talons and Mythics. But PROOF's core product should be a more unified product." According to NFTGo.io data, the floor price of the Moonbirds NFT series is currently 1.67 ETH, with a 24-hour increase of 20.24%.
13. The UK Financial Conduct Authority reminds crypto companies to comply with marketing compliance regulations starting October 8
According to Cointelegraph, the UK Financial Conduct Authority (FCA) announced that all crypto asset companies that market to users in the country must comply with its financial promotions regime from October 8, 2023. By then, companies operating in the UK will have only four legal ways to promote crypto assets in order to comply with the FCA's regime. These legal pathways include having authorized parties approve or communicate promotions, creating promotions by businesses registered with the FCA, or promotions that are exempt from the UK Financial Services and Markets Act. Promotions include "websites, mobile applications, social media posts and online advertisements" that "can have an impact in the UK" and are not limited to companies headquartered in the UK. Jayson Probin, head of FCA crypto financial promotion, said that companies that fail to comply with the regulations may be subject to criminal charges. Earlier news, the FCA will implement stricter regulatory rules for crypto advertisers from October 8, including prohibiting investment incentives such as "referring friends" or "new entrant bonuses" and prohibiting incentives such as crypto airdrops from being combined with guiding user investments.
14. MakerDAO’s DeFi lending protocol Spark Protocol will expand to multiple chains
MakerDAO announced on Twitter that its DeFi lending protocol Spark Protocol will be expanded to multiple chains, and announced the steps and processes for those interested in deploying Spark Protocol in specific domains (each blockchain network). To deploy Spark Protocol in a new domain, you need to create a post on the Maker forum under the SubDAO TWO category (background information, technical information, collateral information, liquidity information, etc.) first. Phoenix Labs will evaluate the submitted proposals and provide MakerDAO with recommendations on new domains and collateral information to be included. Block Analitica will perform collateral evaluations and recommend risk parameters for collateral in Spark in new domains.
15.SSV.Network: Mainnet launch will be carried out in four phases from Q2 to Q4
Ethereum staking infrastructure SSV.Network released a mainnet launch plan. The mainnet launch will be carried out in four stages from the beginning of the second quarter to the fourth quarter of this year, namely pre-launch, limited launch, launch, and permissionless launch. "Pre-launch" stage: deploy the mainnet validator for internal testing. It is currently in this stage and the validator is on the mainnet. "Limited Launch" stage: introduce external operators, including industry-leading staking and infrastructure providers, to test the expansion of external operators on the mainnet. "Launch" stage: more builders (staking providers and applications) will be allowed to join the validator, that is, external TVL and operators such as staking pools, services, and institutional-level stakers. "Permissionless Launch" stage: SSV.Network is completely open and permissionless through smart contracts.
