headlines
headlines
Cunliffe also touched on plans outside the UK, saying that the Committee on Payments and Market Infrastructures (CPMI) will finalize global standard guidelines for systemic payment systems before the summer holidays. These questions include: which assets should back these stablecoins, the form of redemption or claim, and how to ensure that the stablecoin or currency used at the system level is safe. Cunliffe said the CPMI also plans to publish a report on how the Basel framework for banks should be applied to stablecoins. (CoinDesk)
Crypto lending platform Celsius Network has reshuffled its board
Crypto lending platform Celsius Network has restructured its board of directors to stabilize its liquidity and operations amid the ongoing crypto bear market, according to a regulatory filing Wednesday.
Treasurer David Barse and Alan Jeffrey Carr were appointed directors on June 28 and June 29, respectively. Barse is founder and CEO of index firm XOUT Capital and founder of private family office DMB Holdings. Carr is CEO of Drivetrain, a fiduciary services firm that has led complex restructurings and litigation, and managed distressed investment portfolios. The two executives serve as directors alongside Celsius co-founders Alex Mashinsky and Shlomi Daniel Leon. (Blockworks)
security incident
security incident
Security team: ProjectX project token price plunge is caused by hacker attack, not Rug Pull
According to previous news, CertiK said that Rug Pull occurred in the ProjectX project, and the contract deployer made a profit of 19,000 US dollars after selling the tokens.
News BlockFi sent an email to users on Wednesday night saying that while BlockFi is responding to market volatility, it continues to put risk management first.
Industry news
BlockFi: 50% of client funds held as short-term positions, 10% as collateral
News BlockFi sent an email to users on Wednesday night saying that while BlockFi is responding to market volatility, it continues to put risk management first.
It confirmed that “100% of retail client withdrawal requests” were honored, while only 10% of client funds were held as collateral. 50% of the funds are held in the form of short-term positions, and the rest may be long-term loans to third parties that generate income.
The company also clarified that it has never done business with Celsius and has not engaged in “speculative betting” on DeFi protocols.
The company also clarified that it has never done business with Celsius and has not engaged in “speculative betting” on DeFi protocols.
Alameda Research has $377 million in debt to Voyager, second only to Three Arrows Capital
According to previous reports, the encryption broker Voyager Digital announced that its subsidiary VDH signed a $200 million cash/USDC-based credit line with Alameda Ventures and the terms of a 15,000 Bitcoin revolving credit line. The proceeds are intended to protect customer assets. And use it only when needed. (Decrypt)
It is reported that the condition for constituting non-commercial bad debts is that one party lends to the other party to form a debt, and the loaned funds are completely lost and irrecoverable. Lewis Taub, another CPA, emphasized that “there must be a complete loss of all funds lent to the platform before the debt funds can be considered deductible. Partial losses do not count. Freezing accounts, or restrictions on withdrawals by cryptocurrency platforms, do not constitute total loss. losses.” So determining whether funds provided by users to a crypto platform constitute a loan is not straightforward. (CNBC)
Project News
Project News
Bithumb Meta, a subsidiary of Bithumb Metaverse, plans to launch an NFT trading platform in August
According to previous news in February, Bithumb invested 17 billion won (about 13.7 million U.S. dollars) to establish a subsidiary Bithumb Meta, which will focus on developing a social metaverse platform. (Tech M)
The Helium Foundation said on Twitter that the decentralized wireless communication network Helium will launch MOBILE tokens this month as a reward for 5G hotspots to expand Helium 5G coverage.
Japanese instant messaging software LINE launches Profile NFT function
Hamzah Khan, head of Polygon DeFi, tweeted that Polygon Hermez will soon launch zkEVM, and applications on the Polygon POS chain and the Ethereum mainnet will be easily deployed on Polygon Hermez.
DeFi income aggregator Yearn launches NFT project treasury management tool NFTreasury
Yearn, a DeFi income aggregator, announced the launch of NFTreasury, a treasury management tool for NFT projects. This tool converts the short-term funds required by the project into Ethereum and USDC, and the long-term funds are stored in the Yearn Vault to generate income.
Metaverse GameFi and NFT
Metaverse GameFi and NFT
Rakuten Group subsidiary to invest about $3.84 million in blockchain infrastructure provider Blocko
Investment and Financing
Rakuten Group subsidiary to invest about $3.84 million in blockchain infrastructure provider Blocko
According to official news, blockchain infrastructure provider Blocko has confirmed that Lotte Group’s marketing subsidiary has decided to invest 5 billion won (about 3.84 million U.S. dollars) in it after two months of due diligence.
It is said that this investment is expected to promote the listing process of Blocko on the Korean exchange KOSDAQ. It is reported that Blocko was established in 2014, and its core business is the custody service provider business. In 2018, it developed the blockchain main network Aergo and issued the native token AERGO.
According to official news, blockchain infrastructure provider Blocko has confirmed that Lotte Group’s marketing subsidiary has decided to invest 5 billion won (about 3.84 million U.S. dollars) in it after two months of due diligence.It is said that this investment is expected to promote the listing process of Blocko on the Korean exchange KOSDAQ. It is reported that Blocko was established in 2014, and its core business is the custody service provider business. In 2018, it developed the blockchain main network Aergo and issued the native token AERGO.0Game-specific blockchain Oasyscomplete 2million dollarsRepublic Capitalfinancing,
Oasys, a game-specific blockchain project jointly launched by Japanese game company Bandai Namco and Sega, announced the completion of a $20 million token private placement financing, led by Republic Capital, Jump Crypto, Crypto.com, Huobi Ventures, KuCoin Ventures, bitbank, Mirana Ventures and others participated in the investment.
Lead the vote
Oasys aims to create a better blockchain game experience for players, and is developing innovative solutions to solve the problems of slow Web3 game transactions, high Gas fees, and unoptimized interfaces, while providing game developers, Web3 experts and blockchain The Chain Game Association builds a scalable encrypted native ecosystem, and its initial validators on the chain include Bandai Namco Research, SEGA, Ubisoft, Netmarble, Wemade, Com2uS, and Yield Guild Games.
XAnge launched a new fund of 220 million euros, which will focus on investing in DeFi, Web3 and other fields
According to reports, XAnge will make 10 investments through the new fund this year, with an average investment size of 300,000 to 10 million euros. Areas of particular current interest include: digital health, DeFi, Web3, development tools, bio-sourcing, and bio-production.
It is reported that Planetarium Labs game system is based on Libplanet development. Its co-founder and CEO Kijun Seo said that Planetarium Labs supports the game to run its specific blockchain network and is free to design its governance model and token economics. (CoinDesk)
Web3 Game Network Planetarium Labs Closes $32M Funding Led by Animoca Brands
Web3 game network Planetarium Labs announced the completion of a US$32 million Series A round of financing, led by Animoca Brands, with participation from Samsung Next, Kakao’s investment arm Krust Universe, and WeMade.
It is reported that Planetarium Labs game system is based on Libplanet development. Its co-founder and CEO Kijun Seo said that Planetarium Labs supports the game to run its specific blockchain network and is free to design its governance model and token economics. (CoinDesk)
global policy
global policy
U.S. Office of Government Ethics Bans Government Workers Who Hold Cryptocurrencies from Participating in Encryption Policy
