Headlines

Coca-Cola releases a series of NFTs on the Base chain

According to official news, Coca-Cola, as the Onchain Summer event brand, will issue a series of NFTs based on the Base chain. This NFT series combines world art works (including "The Scream" and "Girl with a Pearl Earring") with the iconic Coca-Cola bottle. It currently contains 5 NFTs, with a minting price ranging from 0.0011 ETH to 0.014 ETH, and will end in 2 days. Earlier on August 4, Coinbase announced a series of Onchain Summer event brands, including Coca-Cola, Atari, OpenSea, Pixelmon and Showtime.

Sei token economics announced: 3% for airdrops, 20% for early contributors

South Korean exchange Upbit announced that it will list the SEI token. Upbit has released a research report on Sei. The token distribution model is as follows: (1) 3% of tokens belong to Binance Launchpool; (2) 3% of tokens belong to airdrops; (3) 20% of tokens belong to investors; (4) 30% of tokens belong to the ecosystem; (5) 9% of tokens belong to the foundation; (6) 20% of tokens belong to early contributors; (7) 15% of tokens belong to validator node rewards. This token distribution model was disclosed by Upbit, and Sei officials have not yet responded to it.

Cryptocurrency

Voyager has transferred over $40 million in cryptocurrencies and received 51 million USDC

Dune data shows that Voyager has transferred more than 40 million worth of cryptocurrencies, including about 17.5 million US dollars of BTC, about 12.9 million US dollars of ETH, about 8 million US dollars of SHIB, and a total of about 2 million US dollars of BAT, SAND, MANA, and APE. In the past 4 days, about 51 million USDC were received.

The Sandbox has distributed 120 million SAND in 4 days

According to the on-chain analyst Ember, The Sandbox is currently unlocking and distributing SAND through the 0x73b address: 29.52 million SAND (worth $11.7 million) have been distributed to 10 addresses within 2 hours. A total of 120 million SAND (47.62 million US dollars) has been distributed and transferred out within 4 days, of which more than 86 million SAND has been transferred to CEX.

Data: A whale deposited 750 ETH in Binance and withdrew 1.02 trillion PEPE

According to Lookonchain monitoring, a giant whale deposited 750 ETH (worth about 1.4 million US dollars) into Binance in the past two days and withdrew 1.02 trillion PEPE, with an average purchase price of 0.000001353 US dollars.

BALD deployers have withdrawn 9,000 ETH from the Base network, making a profit of approximately $4.1 million

According to Scopescan, BALD deployers have deposited 9,385.1 ETH in the Base network. Currently, BALD deployers have bridged 9,000 ETH from the Base network back to Ethereum, and the Base network still holds 2,497.4 ETH and 89.94 WETH. Based on this estimate, BALD deployers have made a profit of 2,202.14 ETH through the Base network meme project Bald, worth about $4.1 million.

Crypto exchange Txbit will be closed on September 14, and all users need to withdraw funds in time

Cryptocurrency exchange Txbit has announced that it will shut down on September 14, 2023. All customers should withdraw their funds before 20:00 Beijing time on September 14, 2023. Any funds remaining after September 14, 2023 will not be recoverable. On August 14, it will be offline for about an hour. During this period, all open orders will be canceled. At the same time, the trading function will be closed. After this process is completed, it will return to online status and withdrawal services will be resumed.

Project News

Spark Protocol’s market size approaches $650 million, with over $209 million in assets loaned out

Official data shows that the market size of Spark Protocol, a lending protocol under MakerDAO, is approaching $650 million. In addition, Spark Protocol has lent out more than $209 million in assets, of which $198 million was lent out in DAI, accounting for 95% of the total lent assets.

MetaMask and Banxa Partner to Enable One-Click Purchases of Cryptocurrency via Apple Pay

MetaMask and Banxa have partnered to support “one-click” purchases of cryptocurrencies through Apple Pay. (decrypt) Earlier in February, MetaMask announced the integration of cryptocurrency payment solution Banxa to simplify deposits from fiat currency to cryptocurrency.

Gitcoin partners with oil giant Shell to support innovative emerging climate solutions projects

Gitcoin has announced a one-year partnership with oil giant Shell Global Solutions International BV to support innovative emerging climate solution projects. The collaboration will host a hackathon at supermodular.xyz, focusing on blockchain-related energy use cases. In addition, Shell donated to the Gitcoin matching fund to increase its support for climate solutions and open source projects aimed at creating a sustainable future.

CoinDesk may lay off 20 employees as its parent company DCG plans to introduce strategic investors

CoinDesk has laid off 45% of its editorial staff as its parent company Digital Currency Group plans to bring in strategic investors. CoinDesk will hold an all-staff meeting at 4:00 p.m. ET to discuss layoffs, and according to people familiar with the matter, the media company will lay off 20 people, or 45% of its editorial team. (The Block)

ARK Invest Submits Application for New Digital Asset and Blockchain ETF ($ARKD)

Bloomberg ETF analyst Eric Balchunas tweeted that ARK Invest has submitted an application for a new digital asset and blockchain ETF ($ARKD).

Investment and Financing

CVP NoLimit Fund I raises over $50 million to invest in crypto startups

NoLimit Holdings' first fund, CVP NoLimit Fund I, led by former Binance Chief Strategy Officer Gin Chao, has completed fundraising of more than US$50 million. The fund will be dedicated to investing in crypto startups. It is reported that NoLimit focuses on seed-stage transactions and strategic financing, with investment sizes ranging from US$250,000 to US$3 million. Investment projects include Mysten Labs, Connext, Hogwarts Labs, Binance.US and IQ Protocol. Currently, NoLimit has invested in more than 20 projects worldwide and is expected to invest in another 20 projects in the next 12 months. (The Block)

In December last year, it was reported that NoLimit Holdings and ClearVue Partners jointly launched their first crypto fund, planning to raise US$100 million.

Kraken Ventures is seeking to raise $100 million for its second fund

Kraken Ventures is seeking to raise $100 million for its second fund to meet the severe challenges facing cryptocurrency venture capital, according to The Block, citing people familiar with the matter.

Global Policy

Taiwan Financial Supervisory Commission draft guidelines: Businesses can issue tokens; exchanges must have a review mechanism for listing and listing coins

According to Chain News, the draft guidelines of the Taiwan Financial Supervisory Commission (non-final version) obtained from multiple sources show that there are thirteen principles and related annexes. Operators regulated by the guidelines can issue virtual assets, but they must have a white paper with sufficient information disclosure, such as: issuer information, issuance quantity, subscription conditions, etc. It is even necessary to disclose whether the consensus mechanism adopted will have a significant impact on the climate. However, operators cannot issue stablecoins;

The Financial Supervisory Commission believes that if stablecoins become a common payment tool, they may affect national sovereign currencies;

The Taiwan Financial Supervisory Commission refers to the "EU Crypto-Asset Market Supervision Act" and the "Self-Discipline Code for Banks Handling Wealth Management and Financial Product Sales Businesses", requiring exchanges to establish review standard procedures for listing and listing coins and record the operation process;

The Financial Supervisory Commission's guidelines require exchange operators to clearly define the ratio of cold and hot wallet positions, as well as related policies and procedures to protect user assets. The Financial Supervisory Commission explicitly stated that it is not allowed to illegally operate virtual asset derivative financial product trading businesses, or virtual asset businesses with securities characteristics, otherwise they will be sentenced to imprisonment of not more than 7 years and a fine of not more than NT$3 million.

Character*Voice

Huang Licheng agrees to voluntarily withdraw the lawsuit, and ZachXBT plans to return all unused legal defense funds

On-chain detective ZachXBT tweeted that "Big Brother" Huang Licheng has withdrawn his defamation lawsuit against ZachXBT, and ZachXBT plans to return all unused legal defense funds.

Earlier news, "Big Brother" Huang Licheng posted on social media in early June this year that the on-chain detective ZachXBT had published an article a year ago to damage his reputation, and he has filed a defamation lawsuit against ZachXBT in the U.S. District Court for the Western District of Texas. ZachXBT has since announced that it will confront Huang Licheng in court, and has successfully raised more than $1 million in legal defense donations from Binance, Bankless, Coinbase Cloud protocol head Viktor Bunin, CertiK, SlowMist founder Yu Xian, and Justin Sun.

Huobi founder Li Lin rented and then bought a luxury house worth over HK$1 billion in Hong Kong

According to Wu Shuo, the largest first-hand housing estate in Kowloon, Hong Kong, Courtyard Villa C in Tiwai, Lung Kui Road, Mid-Levels, has been purchased by Huobi founder Li Lin. According to Ming Pao, the property is sold in a rent-to-own format and can be leased for 90 months, or about 7 and a half years, starting from the 1st of this month. After completing the 7 and a half years of lease, there is a 3-month renewal right, and then the unit can be purchased. The subscription price is 1 billion Hong Kong dollars, which is 85,529 yuan per square foot based on the usable area of ​​11,692 square feet. If the final buyer exercises the 1 billion yuan subscription right, the transaction price may become a new record for first-hand housing estates in Kowloon. Earlier, Li Lin sold Huobi shares to Sun Yuchen for more than 1 billion US dollars. Li Lin also likes to buy properties in Shenzhen, Beijing and other places.

HashKey Exchange: No large number of employees leaving, CEO Colin Zhong is still in office

In response to a former HashKey Exchange employee revealing to Odaily that his team had resigned in large numbers, HashKey Exchange officially responded: There was no large-scale resignation as rumored, and HashKey Exchange CEO Colin Zhong is currently in office. Due to the recent "license application fever" in Hong Kong, there have been certain personnel changes in the compliance team.