1. Arbitrum has launched the second week of the Odyssey event, and the tasks are carried out on TofuNFT and Aboard Exchange
Arbitrum announced that the second week of the Odyssey event has been launched. This week's interactive tasks will be carried out on the NFT market TofuNFT and the order book perpetual DEX Aboard Exchange. After completing the tasks, users can receive the Galxe badge. The application will be open until 00:00 on October 8, Beijing time.
2. Sui Fifth Round Funding: 17 projects received a total of US$1.05 million in funding
According to the official announcement, the Sui Foundation announced that in the fifth round of funding, 17 projects received $1.05 million in funding to build projects to promote the adoption and development of Sui. The 17 projects funded this time are committed to providing products and services in core areas such as DeFi, payment, infrastructure, and oracles. These include the multi-chain platform Blockberry, the free third-person competitive shooter Bushi built on Unreal Engine 5, the multi-chain AMM/DEX analysis platform CoinBrain, the on-chain solution Crumb Finance, the DEX aggregator and launch platform FlowX Finance, the multi-chain indexing solution Indexer.xyz, the Sui Snap Wallet developed by Kuna Labs, the DeFi protocol Mole, the local liquidity protocol NAVI Protocol built on Sui, the social activity and on-chain asset integration platform NFC’s on Sui built by CryptoCoders, the UI tool Scallop Tools, the smart contract SDK generator of Kuna Labs, the hybrid oracle Stork, the Sui Contract Source Verifier developed by Movebit, the Sui ecological tool and community platform SuiOwls, the Payment 3.0 solution Surf Wallet, and the k8s node deployment Zeus.
3. AirDAO announced a $7.5 million investment from DWF Labs
AirDAO announced in its official blog that it has received a $7.5 million investment from DWF Labs (with a one-year lock-up period and a 36-month unlocking period) to promote wider adoption of the AirDAO ecosystem. This is a continuation and expansion of the partnership following the $2 million investment from DWF Labs in September 2022.
It is reported that AirDAO is a decentralized autonomous organization that manages the AMB-Net (Ambrosus Network) public chain. AMB-Net is a Layer 1 public chain. Currently, AMB-Net has established a series of ecological functions, including encrypted dashboards, cross-chain bridges, Swap trading platforms, etc.
4. Moonbirds parent company PROOF reduced the team size to 22 people in the reorganization
According to official news, Moonbirds' parent company PROOF announced that in order to ensure long-term survival, the PROOF team has been reorganized and the team size has been reduced to 22 people. PROOF said: "Despite the changes in the team, we are still confident in future development and commitment, and our financial situation remains strong. Reducing the size of the team is a proactive measure." PROOF also stated that it will release new autumn and winter products: Talons, Grails V and PROOF Collective artworks.
5. Bitcoin mining difficulty increased by 0.35% to 57.32T, a record high
According to BTC.com data, the difficulty of Bitcoin mining has been adjusted at 15:58 (block height 810432) today, with the difficulty of mining increased by 0.35% to 57.32T, a record high. The current average computing power of the entire network is 417.73 EH/s.
6. Starknet Ecosystem Derivatives Protocol ZKX Launches Phase 1 Airdrop
Starknet ecological derivatives protocol ZKX announced the launch of the first phase of token airdrops, which will be collected from October 2 to October 16. The token ZKX will become the governance token of the protocol, with a supply cap of 100 million. The first phase of airdrops will issue 4% of the total, and the second phase will issue about 11%. The tokens of the two phases of airdrops will be locked and will be available for trading when the tokens go online in early 2024. The first phase will be airdropped to Yakuza participants of SZN1 and 2, and the second phase will be airdropped to DeFi members and traders participating in Yakuza SZN 3 and 4.
7. Volatility Shares withdraws Ethereum futures ETF application
According to Cointelegraph, Volatility Shares has withdrawn its application for an Ethereum futures ETF. Justin Young, co-founder of Volatility Shares, said that "there is no opportunity at this point in time." When asked if the company still plans to launch an Ethereum futures ETF later, Young said that it will continue to apply, but the application time is subject to re-determination. According to previous news, Volatility Shares announced plans to launch Ethereum futures ETF trading on October 12. In a filing with the U.S. Securities and Exchange Commission (SEC) on July 28, Volatility Shares detailed its proposed "Ethereum Strategic ETF," which will invest in cash-settled Ethereum futures contracts traded on the Chicago Mercantile Exchange (CME).
8. The US SEC and five other regulators issued a warning on crypto investments
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the Securities Investor Protection Corporation (SIPC), and the North American Securities Administrators Association (NASAA) jointly issued multiple warnings on crypto asset investments, saying that crypto asset investments may be unusually volatile and speculative, and that platforms where investors buy, sell, borrow or lend these assets may lack protection. The regulators warned that those who offer crypto asset investments or services may not comply with applicable laws, including federal securities laws. In addition, the announcement also detailed that crypto asset investors face many risks, including unregistered offerings, lack of protection from the Securities Investor Protection Corporation (SIPC), and fraud.
9. SlowMist Cosine: friend.tech accounts have been hacked repeatedly, posing a risk of information leakage
SlowMist Yuxian tweeted that recently, friend.tech accounts have been hacked and their assets have been stolen. Because FT is centralized and there is always a risk of information leakage, friend.tech accounts are either registered with a mobile phone number, or are Gmail or Apple accounts, and do not have 2FA, making them the main attack path for attackers.
10. Celsius applies to the court to start repaying customer funds before the end of the year
According to Cointelegraph, crypto lending company Celsius Network told the judge at a hearing seeking approval of its reorganization plan on October 2 that the company plans to start repaying customers by the end of the year. Celsius' legal counsel Christopher Koenig said in his opening statement that the new company, called "NewCo," will receive $450 million in seed funding from the proceedings. In addition, a document on September 29 showed that Celsius plans to use $2.03 billion in Bitcoin and Ethereum and shares of the new company to partially repay creditors. The judge presiding over the case is considering whether to approve Celsius' reorganization plan. The plan also needs to be approved by security regulators. According to reports, although the reorganization plan has been supported and passed by most creditors, it is still opposed by some creditors.