PA Daily | Base mainnet will be open to the public on August 9; HashKey Exchange has been approved to provide services to retail investors

Today's news tips:
People familiar with the matter: The U.S. Department of Justice is considering filing fraud charges against Binance, but is worried about causing a run
Direxion has submitted a Bitcoin and Ethereum futures ETF application to the US SEC
Exclusive: Hong Kong Securities and Futures Commission has approved HashKey Exchange's license upgrade, allowing it to provide services to retail investors
Coinbase will officially launch the Base mainnet on August 9
Du Jun purchased 10 million CRV from Curve founder for $4 million
Futureverse Launches $50 Million Web3 Technology Fund Born Ready
Apple Card savings account deposits exceed $10 billion, launched by Apple and Goldman Sachs
Data: Curve founder has sold 72 million CRVs in total, raising $28.8 million
Regulatory News
People familiar with the matter: The U.S. Department of Justice is considering filing fraud charges against Binance, but is worried about causing a run
According to Semafor, citing people familiar with the matter, U.S. Department of Justice officials are considering filing fraud charges against Binance, but are concerned that if they sue Binance, it could lead to a run similar to FTX, which could cause consumers to lose funds and potentially spark panic in the crypto market. People familiar with the matter said prosecutors are considering other options, such as fines, deferred prosecution or non-prosecution agreements. Such a result would be a compromise that would hold Binance accountable for alleged violations while reducing harm to consumers.
Jiangsu Provincial Public Security Department: Many people have been defrauded of "virtual currency" related investments and suffered heavy losses. Please be vigilant
A group message recently issued by the Jiangsu Provincial Public Security Department shows: "Recently, many people in our province have been defrauded of "virtual currency"-related investments on relevant websites or apps, and the losses are extremely heavy. Please be vigilant and do not trust investment and financial management channels that are not approved, supervised or recognized by relevant state departments."
Australian financial regulator files lawsuit against eToro, alleging that its CFD products violated regulations and caused tens of thousands of users to lose money
According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the CFD products provided by the multi-asset investment platform eToro to retail investors on the grounds that its market positioning is too broad and violates the design and distribution rules. ASIC claimed: "The CFDs offered by eToro are high-risk and volatile, and the platform's target market screening test does not properly exclude unsuitable customers from trading the product; between October 5, 2021 and June 14, 2023, nearly 20,000 customers of eToro lost money in CFD trading."
It is reported that CFDs are leveraged derivative contracts that allow buyers to speculate on price changes of underlying assets, such as foreign exchange rates, stock market indices, single stocks, commodities or cryptocurrencies. eToro's cryptocurrency CFDs allow leverage of up to two times for some assets, while others involve stocks, currencies, commodities and precious metals.
NFT
Web3 project Nifty's announced its closure in the failed transformation due to failure to raise development funds
Nifty's project, which is transforming from an NFT social media platform to a portal for Web3 creators, announced on Twitter that it will gradually end its business starting today. Nifty's said: "Earlier this year, given our limited resources in a difficult market, we turned to developing a platform for Web3 creators. Since then, we have been working on developing new products and looking for opportunities to obtain the funds needed to continue development. Unfortunately, despite our best efforts, the investment opportunities we were working on did not succeed, and we now find ourselves at the end of the road."
In addition, Nifty's stated: "Over the past few weeks, the team has done its best to ensure that the NFT projects released on Nifty's can continue, including "The Matrix Avatars", "Looney Tunes: What's Up, Block?", "Game of Thrones: Build Your Realm" and "Bullet Train". The team has decentralized all NFT media and redistributed NFTs on the Polygon blockchain unless they are already on Ethereum." For Warner Bros.-branded NFT holders, Nifty's has developed instructions for them to export private keys to save their collections.
Previously in March 2021, Nifty's completed a pre-seed round of financing, with Mark Cuban, Joseph Lubin and others participating. According to Decrypt, Nifty's raised $10 million in this financing.
Project News
Direxion has submitted a Bitcoin and Ethereum futures ETF application to the US SEC
According to CoinDesk, ETF issuer Direxion has submitted an application for Bitcoin and Ethereum futures ETFs to the U.S. Securities and Exchange Commission (SEC). The product, called "Direxion Bitcoin Ether Strategy ETF," will invest in Bitcoin and Ethereum futures contracts, as well as other ETFs with exposure to futures products. According to previous news, six companies have applied to launch Ethereum futures ETFs this week, namely Volatility Shares, Bityise, Roundhill, VanEck, Proshares and Grayscale.
Curve Finance has terminated CRV rewards for multiple liquidity pools affected by the recent attack
Delphi Labs General Counsel Gabriel Shapiro tweeted that Curve Finance emergency multi-signature has terminated CRV rewards for multiple liquidity pools affected by recent attacks, including liquidity pools affected by the recent Vyper compiler vulnerability and multiBTC pools affected by the recent Multichain vulnerability. This action was taken to prevent users from further participating in these attacked liquidity pools. The affected liquidity pools include alETH+ETH, msETH-ETH, pETH-ETH, crvCRVETH, Arbitrum Tricrypto, and multibtc3CRV.
Genesis has extended a final mediation period with its creditors, seeking to reach an agreement by August 16.
According to Bloomberg, lawyers for the bankrupt crypto lending company Genesis said at a hearing on Wednesday that the company has extended the mediation period with creditors for the last time. "If we can't make substantial progress on the transaction in principle in the next two weeks, we don't think we will seek to extend the mediation period further," company lawyer Sean O'Neal told U.S. Bankruptcy Judge Sean Lane. Therefore, the negotiations must be concluded before August 16.
The lawyer said that if the two sides fail to reach an agreement by August 16, Genesis will proceed with its existing bankruptcy plan, subject to certain modifications. The mediation is one of the last hurdles preventing Genesis from going bankrupt.
Genesis has been in mediation with key stakeholders, including parent companies Digital Money Group and Gemini Trust Co., since May. They are trying to salvage a proposed bankruptcy exit plan backed by DCG, which was rejected by its official committee of unsecured creditors.
Exclusive: Hong Kong Securities and Futures Commission has approved HashKey Exchange's license upgrade, allowing it to provide services to retail investors
An insider of Hashkey Group revealed that the Hong Kong Securities Regulatory Commission has approved the upgrade of HashKey Exchange's No. 1 and No. 7 licenses, allowing it to provide services to retail investors.
According to the official statement, after the license upgrade, HashKey Exchange became the first licensed trading platform in Hong Kong to operate for retail users, which will further expand the business scope of HashKey Exchange from only professional investors to retail users. In addition, HashKey Exchange officially launched the virtual asset over-the-counter trading business HashKey Brokerage, and HashKey Exchange has officially opened pre-registration.
SlowMist: A large-scale macOS attack software macOS-HVNC appears on the dark web. Be aware of the risks
SlowMist Chief Information Security Officer 23pds said on Twitter that he noticed the recent appearance of macOS-HVNC, a software for large-scale attacks on macOS, on the dark web. Mac computers and devices are widely used by cryptocurrency individuals and small and medium-sized enterprises due to their better security and usability.
23pds points out the characteristics of macOS-HVNC: 1. Hidden operation: HVNC is designed to run in stealth mode, making it difficult for individuals and small and medium-sized enterprises to detect its presence on their systems. This hidden operation allows cybercriminals to maintain access without arousing suspicion. 2. Maintaining permissions: HVNC often includes mechanisms to ensure that it remains active even after the system is restarted or attempts to remove it are made. 3. Data theft: The main purpose of HVNC is to steal sensitive information from personal and employee computers, such as login credentials, personal data, virtual assets, financial information, or other valuable data. 4. Remote control: HVNC allows cybercriminals to remotely control computers, giving them full access to the system.
In addition, 23pds warns: "Although Macs have historically been less targeted by cybercriminals, attackers are now developing more macOS malware, so be aware of the risks."
Worldcoin confirms it has suspended services in Kenya following a notification from the Kenyan government yesterday
Worldcoin, the identity encryption protocol co-founded by OpenAI CEO Sam Altman, confirmed that it has temporarily suspended its services in Kenya after receiving a suspension notice yesterday, The Block reported.
Kenya has been a major market for the project, and a spokesperson for the Worldcoin Foundation said there was a huge demand for its verification services in Kenya, with thousands of people queuing up for two days to get a World ID.
Earlier yesterday, it was reported that the Kenyan government suspended the operation of Worldcoin due to privacy and security issues.
Coinbase will officially launch the Base mainnet on August 9
According to CoinDesk, Coinbase announced that its second-layer blockchain Base, built with Optimism OP Stack, will be open to the public on August 9. Starting Thursday (today), users will be able to bridge their Ethereum (ETH) to the Base network. Subsequently, Base also tweeted that six Base cross-chain bridges have been opened and cooperated with Galxe, Layer3 and mint.fun to launch commemorative NFTs.
BNB Chain releases BSC mainnet v1.2.9, introducing Plato and Hertz hard forks
Plato is expected to be deployed on August 10 (block height 30,720,096), and Hertz is expected to be deployed on August 30 (block height 31,302,048). BNB Chain stated that all validator nodes and full node operators of the mainnet must switch their software version to v1.2.9 before August 10, 2023.
Du Jun purchased 10 million CRV from Curve founder for $4 million
New Fire Technology CEO Du Jun purchased 10 million Curve tokens (CRV) from Curve founder Michael Egorov for $4 million as Egorov continues to seek to reduce his risky loan positions. Du Jun confirmed via Twitter DM that he purchased the tokens and locked them into veCRV (in exchange for voting rights on the Curve platform after the tokens are locked for a period of time). Du Jun said, "I will lock them for at least a year and hope that Curve will get better and better."
Investment and Financing
Futureverse Launches $50 Million Web3 Technology Fund Born Ready
According to Forture, Aaron McDonald and Shara Senderoff, co-founders of AI metaverse startup Futureverse, announced the establishment of a $50 million Web3 technology fund, Born Ready, to provide $250,000 to $2 million in investments to companies building Futureverse Web3 infrastructure and content networks. The Born Ready portfolio already includes sneaker startup FCTRY Lab and Web3 game studio Walker Labs. The Born Ready fund will also launch an accelerator to help nurture some portfolio companies.
AI chip developer Tenstorrent receives $100 million investment from Samsung and Hyundai
Tenstorrent, a developer of artificial intelligence (AI) chips, announced that it has completed a $100 million strategic financing led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Epiq Capital, Maverick Capital, and Eclipse Ventures. Tenstorrent said the funds will be used to "accelerate the company's product development, the design and development of AI chiplets," and the progress of its machine learning software roadmap.
Important data
Data: Curve founder has sold 72 million CRVs in total, raising $28.8 million
According to on-chain analyst Yu Jin’s monitoring, as of 10:00 on August 3, the founder of Curve had sold a total of 72 million CRV to 15 investors/institutions, in exchange for US$28.8 million.
Apple Card savings account deposits exceed $10 billion, launched by Apple and Goldman Sachs
Apple (AAPL.US) and Goldman Sachs (GS.US) said in a statement on Wednesday that deposits in their new high-yield savings account have exceeded $10 billion, Bloomberg reported.
It is reported that Apple officially launched the Apple Card savings service for Apple Card users on April 17 this year, with an annual interest rate of 4.15%, which is more than 10 times the U.S. average. This feature allows Apple Card users to open a Goldman Sachs high-yield savings account (Savings Account) in the iPhone Wallet app and start earning interest on their Daily Cash balance.
Zhao Changpeng: Binance’s registered users reach 150 million
Binance founder Changpeng Zhao tweeted that this week (so far): Binance Japan was officially launched; Binance obtained an MVP operating license in Dubai (the first exchange in the world to obtain this license); 2 new Binance launch pools: CYBER and SEI; Binance registered 150 million users.
PANews APP points - PT (Grape) is officially launched, join Read to Earn!
PT (Chinese abbreviation Grape) is a point reward that PANews users get by participating in interactive activities such as reading information, sharing content, liking and collecting on the PANews website and APP. PT Grape cannot be traded or transferred, and can only be used to redeem various prizes in the PANews "Points Mall" and participate in various daily activities. Experience it now!
PANews launches the global LEAP journey!
South Korea, Singapore, Shanghai, Taipei, many places will gather from September to December to witness the new chapter of globalization!
?Activities are being jointly organized in multiple locations, welcome to communicate!