During the week from June 20th to June 26th, the events worthy of attention in the progress of star projects include:Solana Labs will launch Web3 mobile phone Saga and set up a USD 10 million ecological fund；Ronin Network will restart Ronin Bridge on June 28 and refund all user funds；Insiders: Bybit will lay off 20%-30% of its staff；Uniswap Labs acquires Genie, an NFT aggregation market, and will issue USDC airdrops to qualified users in August；NFT market Magic Eden completes $130 million in financing at a valuation of $1.6 billion, led by Electric Capital and Greylock；NFT market Magic Eden completes $130 million in financing at a valuation of $1.6 billion, led by Electric Capital and Greylock；Harmony cross-chain bridge Horizon was attacked, and the loss amounted to about 100 million US dollars。
Bottom-Layer1
Bottom-Layer1
Solana Labs will launch Web3 mobile phone Saga and set up a USD 10 million ecological fund
Anatoly Yakovenko, CEO of Solana Labs, announced that his team is developing a new Android phone Saga, a device focused on Web3 that will include a Web3 dapp store, integrated "Solana Pay" to facilitate QR code-based on-chain payments, A mobile wallet adapter and a "seed vault" (to store private keys). Anatoly Yakovenko says it will cost around $1,000 and deliveries are scheduled to begin in early 2023. Additionally, the Solana Foundation has pledged $10 million to incentivize developers to build applications utilizing its Solana Mobile Stack (SMS). (CoinDesk)
Ava Labs releases Core, an all-in-one Web3 operating system for Avalanche
It’s official, Ava Labs has released Core, an unmanaged browser extension designed to allow users to seamlessly and securely use Web3 powered by Avalanche. Powered by Avalanche, Core is an all-in-one operating system that combines Avalanche applications, subnets, bridges, and NFTs into a seamless, high-performance browser experience.
Cardano Vasil hard fork upgrade may be carried out at the end of July
Altcoin Daily tweeted that Cardano has delayed its Vasil upgrade by four weeks and is now scheduled for the end of July.
Waves Founder Assumes Over $500 Million in Debt to Avoid USDN De-Anchoring
Bottom-Layer2
Bottom-Layer2
According to official news, ZK Rollup-based Ethereum Layer 2 expansion solution zkSync released V2 update today. Its main structural changes are aimed at improving user experience, increasing compatibility with Ethereum EVM, and upgrading the performance of zkSync v2 test network.
Specifically, the upgrade adds "Account Abstraction," which reduces the number of account types, or the number of entities with ETH balances that can send transactions. This feature enables zkSync to make authorization programmable, enabling more diversity in wallet and protocol designs. In other words, account abstraction brings significant improvements to the overall user experience and expands the application design space for developers.
Additionally, this upgrade adds L2 to L1 messaging functionality, which enables zkSync to simplify the protocol interface and replace hard-coded operations (such as withdrawals) with generic L1-L2 communication. At the same time, this upgrade also adds support for the transaction attribute msg.value.
In order to deploy these updates, the zkSync 2.0 testnet was reset, meaning contracts had to be redeployed and account balances and transaction states were reset. There will also be a reset before new features go live on mainnet.
Optimism has launched the second round of voting on governance proposals
The Ethereum Layer 2 network Optimism has launched the second round of governance proposal voting, and the voting will continue until 3:00 on July 7th, Beijing time. Projects approved to vote on proposals for OP token distribution in this round include ParaSwap, Optimistic Railway, dForce, GYSR, Mean Finance, Raptor, Balancer and BeethovenX, Summa, WardenSwap, Pickle Finance. In addition, Ooki Protocol, Infinity Wallet, Beefy, 0xHabitat, and Thales have also submitted proposals, but have not yet received explicit approval.
In the first round of governance proposal voting, a total of 25 project proposals were approved, and a total of 36 million OP tokens will be distributed to these projects.
Ronin Network will restart Ronin Bridge on June 28 and refund all user funds
infrastructure components
infrastructure components
Lido opens a vote to decide whether to limit the amount of Ethereum pledged
Liquidity staking protocol LidoFinance has launched a community vote to decide whether Lido will self-limit the total amount of Ethereum pledged.
It is reported that the ETH currently pledged in Lido accounts for about 30% of the total. Voting will end at 17:00 on July 1, Beijing time.
Poly Network, a cross-chain interoperability protocol, announced that it provides a systematic development framework for developers at all levels, such as infrastructure, smart contracts, and applications, and encapsulates interoperability as API services.
Compared with existing cross-chain solutions, Poly Network is more inclusive and provides higher security guarantees. Based on this architecture, developers can integrate blockchain systems of any architecture on the Poly Network, build cross-chain DApp applications, build exclusive cross-chain bridges on the application interface, etc., giving cryptocurrencies and NFT assets higher liquidity and utilization.
Snapshot launches Checkpoint, a library solution for indexing StarkNet data
Snapshot announced Checkpoint, a library solution for indexing StarkNet data. Checkpoint, a library for indexing data from StarkNet events and making it accessible via GraphQL, provides similar functionality to The Graph but for StarkNet.
secondary title
CeFi
Insiders: Bybit will lay off 20%-30% of its staff
It is reported that Bybit co-founder and CEO Ben Zhou internally stated that due to the impact of the global economy, both the stock market and digital currency are affected, including the digital currency industry. Since 2020, Bybit's organization has grown by 3 times, but the growth index and revenue of the platform have not increased by the same magnitude, indicating that the operating efficiency is not as good as before, and resources are not used rationally. In view of this, some functions and positions within Bybit will be evaluated for consolidation or optimization. For affected team members, Bybit will provide financial compensation and an employee counseling hotline.
Insiders revealed to Odaily that after the previous expansion, the current number of Bybit employees exceeds 2,500, but the internal organizational structure is chaotic, coupled with the cold industry, the relevant business departments have been in a state of burning money, so there is this layoff for rectification; Regarding the 50% layoffs of the "Options Division" reported on the Internet, the source said that the specific layoff ratio and list have not yet been announced, but it is conservatively estimated that the layoff ratio will reach 20% to 30%.
BlockFi Has Secured FTX's $250 Million Revolving Credit Facility
BlockFi CEO Zac Prince announced that BlockFi signed a term sheet with FTX to obtain a $250 million revolving credit line to provide BlockFi with capital and further strengthen BlockFi's balance sheet and platform strength. Proceeds from the credit facility are contractually subordinated to all client balances across all account types (BIA, BPY and loan collateral) and will be used as required. The partnership also opens up future collaborations and innovations between BlockFi and FTX.
Voyager subsidiary to receive $200 million and 15,000 BTC revolving line of credit from Alameda
Voyager Digital announced that its subsidiary Voyager Digital Holdings, Inc. (VDH) has reached a final agreement with Alameda Ventures on the previously disclosed credit line, which aims to help Voyager meet the liquidity needs of customers during this special period.
VDH and Alameda have reached a final agreement on USD 200 million in cash, USDC revolving credit, and 15,000 BTC revolving credit. Given the current market volatility, the proceeds from the line of credit are intended to be used to protect client assets and to be used only as needed. In addition, as of June 20, 2022, Voyager has approximately US$152 million in cash and its own encrypted assets on hand, and approximately US$20 million in cash limited to the purchase of USDC.
According to previous reports, Voyager Digital, an encryption broker, issued a statement stating that its exposure to Three Arrows Capital included 15,250 bitcoins and 350 million USDC. Voyager Digital initially requested repayment of $25 million by June 24, and then the full amount by June 27, 2022. If Three Arrows Capital fails to repay any required amount by the specified date, it will constitute an event of default. Voyager intends to recover from Three Arrows Capital and is in discussions with the company's advisors regarding available legal remedies. (PRNewswire)
Nexo Hires Citi as Acquisition Advisor to Integrate Recently-Battered Crypto Lending Platform
Encrypted lending platform Nexo published a blog post stating that it is working with banking giant Citigroup to integrate other encrypted lending platforms that have been hit by the recent market downturn. “We were approached by several Wall Street banks and we decided to formally explore acquisition opportunities to help stabilize this nascent industry,” said Antoni Trenchev, co-founder and managing partner of Nexo.
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DeFi
According to official news, Uniswap Labs announced that it has acquired Genie, an NFT aggregation market, to expand its products to ERC-20 and NFT. The specific terms of the transaction have not yet been disclosed.
This is the latest attempt after Uniswap Labs launched Unisocks in the spring of 2019, its first foray into the NFT field. Uniswap Labs sees NFTs as a form of value in the growing digital economy, rather than a separate ecosystem from ERC20 - they are already an important gateway to Web3.
It is expected that users will be able to trade NFT through the Uniswap web app this fall, and Uniswap Labs will also integrate NFT into developer APIs and widgets, making Uniswap a comprehensive platform for Web3 users and builders.
Uniswap Labs also stated that it will conduct an airdrop of USDC to historical users who used Genie for swap more than once before April 15 or users who hold Genie Genesis NFT. The airdrop will start in August. According to the snapshots taken, users can Claim within one month.
The acquisition was made by Uniswap Labs and has no impact on the Uniswap protocol, Uniswap governance, or the UNI token. Genie users will continue to receive uninterrupted service from the Genie website until the new Uniswap NFT experience is available.
dYdX plans to use Cosmos SDK to launch its application chain
The decentralized derivatives trading platform dYdX plans to use the Cosmos SDK to launch its own application chain. It will develop a decentralized off-chain order book and matching engine and transfer it from Ethereum to the dYdX specific application chain. dYdX’s new chain will help make the project more decentralized and controlled by a distributed set of validators rather than the founding team alone. (The Block)
The synthetic asset protocol Synthetix has been upgraded to the Algol version
The synthetic asset protocol Synthetix has been upgraded to the Algol version at 15:00 on June 23, 2022, Beijing time. This version adds SIP-251, which sets the penalty ratio for mortgage liquidation and SNX pledge compulsory liquidation to 10% and 30% respectively. %.
Rooter, the founder of Solend, the Solana ecological lending agreement, tweeted that the debt position of the giant whale (3oSE...uRbE) has fallen below the US$50 million loan limit, which is currently US$48,848,654.48.
According to previous reports, the giant whale (3oSE...uRbE) has taken action according to Solend's suggestion, diversifying part of the loan to other agreements, and repaying the debt several times afterwards. It is reported that Solend's new proposal SLND3 has been passed, introducing a $50 million loan limit to solve the giant whale liquidation problem.
Bancor suspends impermanent loss protection, will reopen when markets stabilize
Bancor, a decentralized trading protocol, issued an update on market conditions, stating that due to the harsh market environment, Bancor's Impermanent Loss Protection (Impermanent Loss Protection) has been suspended and will be reactivated as the market stabilizes. Funds on the protocol are safe and deposits are not currently being accepted. While withdrawals performed during this period will not be eligible for impermanent loss protection, users who remain in the protocol will continue to earn and be entitled to their fully protected value when impermanent loss protection reactivates.
Kyber Network, a decentralized liquidity protocol, stated that although Three Arrows Capital had purchased KNC through an off-market transaction with the Kyber treasury, the amount of KNC purchased by Three Arrows Capital was not large, and it had been received from the receiving wallet of Three Arrows Capital a long time ago. transfer out. Therefore, Kyber Network does not believe that Three Arrows Capital still holds the KNC purchased from the Kyber treasury, and if it does, these KNCs will not be part of the liquidation of Three Arrows Capital's assets.
In addition, Kyber Network stated that the potential bankruptcy of Three Arrows Capital may have some impact on Kyber's finances, because a small part of Kyber's assets are in Three Arrows Capital, but its treasury can still support Kyber's development for many years.
Kyber Network stated that its long-term plan has not changed and will not lay off staff, and will continue to expand the Kyber team.
According to the official announcement, the institutional lending agreement Maple Finance stated that there may be liquidity problems in the fund pool this week, and lending users (Lenders) may not be able to withdraw funds and must wait for borrowers (Borrowers) to repay. As the loan matures in the coming weeks, repayments by borrowers will increase the funds available in the pool, which can then be withdrawn by lenders. During this period, lending users will continue to earn interest and MPL rewards. Pool Delegates are actively processing all withdrawal requests. All loan terms and repayment dates can be viewed on the WebApp.
The Gearbox community initiates a $5.5 million DAO strategic financing proposal
DeFi composable leverage protocol Gearbox community initiated a $5.5 million DAO strategic financing proposal at a fully diluted valuation (FDV) of $150 million.
Institutions currently planning to invest include Placeholder, A.Capital Ventures, Galaxy Digital, Zee Prime Capital, Polymorphic Capital, LedgerPrime, and Global Coin Research. The committed investment amount has reached US$5.65 million, and this round of financing will still be open to potential investors until the weekend. This round of financing will allocate 3.766% of the total amount of GEAR tokens, which will be locked for one year and released linearly within one year.
ZigZag: A total of 250,000 Tokens were sold and listed on Uniswap
ZigZag, the native decentralized trading platform on zkSync, the second-tier network of Ethereum, said that a total of 250,000 ZZs were sold in the previous IDO, and liquidity has been added to Uniswap on the Ethereum mainnet.
Magic Eden, the Solana ecological NFT market, completed a $130 million Series B round of financing at a valuation of $1.6 billion, led by Electric Capital and Greylock. The funds are used to expand its primary and secondary markets and explore multi-chain opportunities. (CoinDesk)
NFT
Magic Eden, the Solana ecological NFT market, completed a $130 million Series B round of financing at a valuation of $1.6 billion, led by Electric Capital and Greylock. The funds are used to expand its primary and secondary markets and explore multi-chain opportunities. (CoinDesk)
LooksRare launched conditional order (OCO) function
News LooksRare launched the conditional order (OCO) function. Using conditional pending orders, users can list 2 NFTs for sale at the same time. When one NFT is sold, the other NFT pending order will be canceled immediately.
It is reported that when the user cancels the conditional pending order, if the two NFTs are listed separately, the gas fee needs to be paid for the two separate cancellation transactions. Under the conditional order, the user only needs to pay the gas fee for canceling the transaction once.
eBay Completes Acquisition of NFT Trading Platform KnownOrigin
The e-commerce giant eBay has completed the acquisition of KnownOrigin, an NFT trading platform, today. The specific amount and terms have not yet been disclosed. The acquisition aims to combine eBay's reach and reputation with KnownOrigin's leading technology to empower a new generation of NFT creators, sellers and buyers. (PR News Wire)
Noah Davis, a key member of Christie's NFT team, will be the head of the CryptoPunks brand
Yuga Labs will hire Noah Davis, a key member of Christie’s auction house’s NFT team, as the brand lead for the CryptoPunks project. Davis tweeted, "If you are a CryptoPunk holder and you care about the future of the brand, I would like to talk one-on-one. I will be participating in Punks Brunch during NFT NYC. Wherever Punks goes, the community will help Guide us."
Doodles Announces 776 Management Leads Its Series A Financing and Appoints Pharrell Williams as Chief Brand Officer
In addition, the founder of Doodles also announced that Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six (776 Management) led the project's first round of financing. The financing amount has not been disclosed.
In addition, the founder of Doodles also announced that Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six (776 Management) led the project's first round of financing. The financing amount has not been disclosed.
At the same time, NFT project Doodles tweeted "Doodles 2...coming soon", announcing that it will launch a new NFT series.
Binance and famous football player Cristiano Ronaldo reached an exclusive NFT cooperation
Binance announced an exclusive multi-year NFT cooperation with the famous football player Cristiano Ronaldo (C Ronaldo). Binance will bring Ronaldo fans a Web3 experience through global promotions, leading them to explore the NFT world.
Binance founder and CEO Changpeng Zhao said: "Cristiano Ronaldo is one of the best football players in the world. He has surpassed sports itself and has become an icon in many industries. Ronaldo is sincere, talented, and passionate about charity. , has gained a large number of highly loyal fans around the world. We are very happy to provide fans with exclusive opportunities to interact with idols, allowing them to own iconic NFT collections in sports history."
Bentley announced its entry into the NFT market and will release a limited edition NFT in September
Bentley announced its entry into the NFT market and plans to release its limited edition (208 copies) of NFT works based on the Polygon network in September this year.
Luxury brand Gucci has submitted 5 NFT and Metaverse-related trademark applications
U.S. trademark lawyer Mike Kondoudis tweeted that the luxury brand Gucci has submitted 5 trademark applications for its name and logo, covering NFT-supported media, encrypted brokerage, exchanges, market services, virtual clothing, vehicles, real estate, fashion show and currency.
According to previous reports, Kering invested in crypto venture capital institution Haun Ventures. It is reported that Gucci, a brand of Kering Group, has opened the use of cryptocurrency payments in five stores in the United States, and Balenciaga has also announced that it will accept cryptocurrencies on e-commerce platforms through BitPay.
Jay Chou will jointly launch the Tiger Champs NFT series with the Paris Saint-Germain football team
Jay Chou posted on Instagram the website address of his PFP NFT project jointly with Paris Saint-Germain Football Club (PSG). The project is called Tiger Champs, and users can join the waiting list by registering their email addresses.
game
game
STEPN new event: Users who start a double-jump Sneaker will get an APE Sneaker in Realm 3
According to official news, STEPN released the latest event. During the event, users who prescribe a double-jump Sneaker (common/uncommon -> rare/epic) will get the APE Sneaker in the upcoming Realm 3 in July.
The event will end 24 hours before the launch of Realm 3 (the specific time will be announced on July 1). Users who have purchased or sold double-enhanced sneakers are not eligible to receive APE sneakers.
Axie Infinity: Land Staking is expected to launch on Ronin Bridge between June 23-28
Axie Infinity tweeted that Land Staking is being tested and optimized on the testnet. The team plans to launch Land Staking after deploying the Ronin Bridge, and the estimated launch time is between June 23rd and 28th.
security incident
security incident
Harmony announced that the asset cross-chain bridge Horizon developed between it and ETH was attacked, and the loss amounted to about 100 million US dollars. At present, the team has cooperated with relevant departments and experts to track down the attacker. In addition, Harmony stated that its Bitcoin cross-chain bridge has not been affected, and has notified the trading platform to suspend the use of the Horizon cross-chain bridge.
Security Team: The PandoraDAO project suffered a flash loan attack and lost about $128,000
According to the monitoring of the CertiK security team, at 19:52:57 on June 22, 2022, Beijing time, the PandoraDAO project suffered a flash loan attack and lost about USD 128,000 in USDT.
CertiK monitoring shows that a Rug Pull occurred in the encryption project DMC, and the token price fell by more than 94%. The deployer minted tokens 17 days ago, sent them to another wallet, and then sold them.
