Headline
Recently, there was a rumor on Twitter stating that "BNB Chain team has been completely laid off without leaving any technical personnel, only some marketing and BD staff. This team doesn't make money. The CEO has already spoken, and this wave is the result of Binance laying off employees by 20-40%." In response to this, He Yi stated that there have been strong rumors regarding BNB in the Chinese community, and the claim that "the team was completely laid off without leaving any technical personnel" is false information.
Furthermore, when asked about the misappropriation of user assets, He Yi stated that "POR can prove it by itself, the on-chain addresses can be checked, and there is no evidence of misappropriation in the judgment of the U.S. court against Binance U.S. In the scope of what you are asking, there is no need to swear, it belongs to the category of already self-proven. You can learn more by investigating on your own."
Industry News
According to a court filing submitted to the Delaware Bankruptcy Court on June 22, Alvarez & Marsal, the consulting firm for FTX, disclosed a list of relevant parties under Section 363 of the U.S. Bankruptcy Code (which allows for the sale of company assets). The list represents entities interested in the relaunch of FTX 2.0 who have been contacted and signed confidentiality agreements to seek more detailed information about the restructuring and relaunch of FTX.
Prominent companies on the list include Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin.
Bloomberg and other media appeal against the court's ruling on FTX
On Friday, Bloomberg and other media collectively appealed against a court ruling that allows the bankrupt cryptocurrency exchange FTX to keep customer names confidential during the bankruptcy proceedings.
Typically, bankrupt companies are required to disclose the names and amounts of their creditors, including individual client debts, but U.S. bankruptcy law has exceptions for information that could pose identity theft or other harm risks. (Reuters)
Swiss prosecutors have frozen $26 million in assets held by Do Kwon and others at Sygnum Bank
Swiss prosecutors recently froze approximately $26 million in assets held by Do Kwon, CEO of Terraform Labs (TFL), and others, including Bitcoin, which is stored in the Swiss digital asset bank Sygnum in Zurich.
ECB Executive Board member: Must resist the temptation to provide open support for cryptocurrencies
Fabio Panetta, a member of the Executive Board of the European Central Bank, gave a speech at the 22nd BIS Annual Conference, stating that cryptocurrencies have gradually shifted from their original decentralized goals to increasingly rely on centralized solutions and market structures. They have become speculative assets and means of evading capital controls, sanctions, or financial regulations. He believes that relevant authorities should "not succumb to the temptation to provide open support for cryptocurrencies, should regulate cryptocurrencies fully and comprehensively, and need to contribute to the development of reliable digital settlement assets."
Market Movement
A certain whale deposits 12,810 ETH in Compound, borrows 10 million USDT and deposits it in Binance
According to Lookonchain monitoring, after repaying all the loans, the whale address starting with 0x D 275 has once again started borrowing on Compound to go long on ETH, 2 hours ago.
The whale deposited 12,810 ETH (24.4 million USD) on Compound, borrowed 10 million USDT, and deposited it on Binance.
Data: After the launch of EDX Markets, the price of BCH rose by 79% in 4 days
Santiment tweeted that EDX Markets, launched on June 20, had Bitcoin Cash (BCH) as the biggest beneficiary, with its price rising by 79% in 4 days. It is worth noting that BCH's discussion rate on social media has reached a 3-year high, and its trading volume has reached a new high for this year.
According to the OEX OKX market, BCH is currently priced at 201.09 USDT, with a 24-hour gain of 5.32%.
Previously reported, Citadel, Fidelity, and other supported EDX Markets have officially announced the launch of their digital asset market, which will provide trading services for BTC, ETH, LTC, BCH, and other four cryptocurrencies. None of the above four cryptocurrencies have been recognized by the SEC as securities.
A whale has added more than 180,000 AAVE in the past 5 hours
According to Lookonchain monitoring, the AAVE token price has suddenly risen by about 27% in the past 5 hours, seemingly related to the whale address starting with 0x5a80.
In the past 5 hours, the whale address starting with 0x5a80 has accumulated 182,152 AAVE tokens (equivalent to $13.2 million) from multiple addresses on the exchange, currently holding 399,585 AAVE tokens (equivalent to $29 million).
Project Highlights
Optimism blockchain is now renamed to OP Mainnet
Optimism officially announced that the Optimism blockchain is now renamed to OP Mainnet. The reason for this change is to distinguish the OP Mainnet blockchain itself from the collective, atmosphere, and spirit of Optimism. In simple terms, in the vision of the super chain, OP Mainnet is just one of many Layer 2 chains that seamlessly communicate with other chains such as Base and Zora Network.
GnosisDAO proposal suggests depositing 25 million xDAI tokens on Gnosis Chain into DSR
GnosisDAO community initiates a new proposal to suggest depositing 25 million xDAI on Gnosis Chain's DAI Savings Rate (DSR). Gnosis Chain users can use xDAI to mint GC sDAI and accumulate DSR savings. In theory, the DSR yield on Gnosis Chain is always higher than that on the Ethereum mainnet because only when all xDAI is staked can interest rate balance be achieved.
Note: DSR is a variable interest rate set by MakerDAO governance, allowing DAI holders to earn savings by locking their DAI in the DSR contract.
OPNX announces the launch of credit-based stablecoin oUSD, exchangeable with USDT at 1:1
OPNX, a debt trading platform founded by Su Zhu and others, announces the launch of the credit currency oUSD, which can be used as margin and profit/loss currency in all futures contracts on OPNX.
It is worth mentioning that shortly after the official announcement of oUSD by OPNX, the tweet was quickly deleted, but the whitepaper interface of oUSD still exists.
OPNX launches its first Launchpad project Raiser, allocating 10% of RZR tokens to OX stakers
OPNX, a debt trading platform founded by Su Zhu and others, announces the launch of its first Launchpad project Raiser on Twitter. Raiser is an unpermissioned credit issuance and secondary market liquidity platform. By utilizing a credit scoring system, Raiser allows anyone to borrow based on on-chain and social media reputation.
Security Team: Orbiter Finance Twitter Account Hacked and Phishing Link Posted, Do Not Interact
According to CertiK monitoring, the Twitter account of Layer 2 bridging project Orbiter Finance has been hacked and a phishing URL has been posted. Do not click on this link (hxxps://join-orbiter.finance/).
In addition, the Orbiter Finance Twitter account has also posted a document link. Do not click, interact, or download.
DeFi risk manager Gauntlet has launched a new proposal in the Aave community, suggesting reducing LT, LTV, or freezing TUSD supply on Aave v2 Ethereum to begin delisting TUSD.
Gauntlet states that in the past week, abnormal borrowing behavior of TUSD has been observed on Aave v2, with utilization rate reaching 98% multiple times. It has remained above 90% from June 9th to June 15th and decreased to 74% as of June 16th.
Blockchain data analyst Tom Wan tweeted that zkSync has surpassed 1 million independent deposit addresses, with cross-chain bridge locked value of $607.8 million, reaching a new all-time high. Among them, ETH accounts for approximately 75.7%, USDC accounts for about 21%, and MUTE accounts for about 1.4%.
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Ripple CTO: "Ripple Plans to Buy Back 10 Billion XRP" Rumor
Recently, CryptoAlert reported that Ripple reportedly plans to buy back 10 billion XRP, equivalent to 10% of the total supply. Although the source of this information is questionable and the information is unconfirmed, the rumor quickly caught attention in the XRP community, and many well-known individuals commented on it.
Lawyer John Deaton tweeted, "I don't believe Ripple will buy back 10 billion XRP unless I hear Ripple say so."
Lawyer Bill Morgan also raised doubts, stating that buying back a large amount of XRP tokens at the current market price would require $5 billion. "Where would they get $5 billion and buy it at the current price? Considering the (SEC) lawsuit, who would lend money to Ripple for token repurchase - unless there are other funding sources like IPO?"
In addition, Ripple CTO David Schwartz commented, "Sometimes we buy XRP. But I don't know what specific situation this might refer to. And no official source is mentioned."
Morgan Creek CIO: "The Bounce Has Just Begun, the Next Bull Market Could Last Until Next Year"
Morgan Creek Capital founder and CIO Mark Yusko, in an interview with CNBC, stated that Bitcoin and the crypto market are in the early stages of a new bull market, which could last until next year when Bitcoin will undergo its next halving.
"I think the bounce has just begun. We have just entered what is called the crypto summer. The Bitcoin halving will lead to an accumulation phase. The halving event is expected to occur in April next year. After the halving event, there is usually a speculative frenzy followed by an overreaction to the downside, known as the crypto winter."
NFT
NFT project Azuki tweeted that they will launch the Azuki Elementals NFT series, with a total of 20,000 pieces.
Azuki and BEANZ holders will receive 1 Soulbound Token (SBT) airdrop to commemorate their participation in the Follow The Rabbit 2023 event.
All Azuki and BEANZ holders can participate in the Azuki Elementals presale at 9:00 AM Pacific Time on June 27th (12:00 AM Beijing Time on June 28th).
In addition, each Azuki will be airdropped an unopened and locked Elemental Bean. The remaining NFTs will be sold during the Azuki Elementals presale. These unopened tokens can be unlocked and transferred, and can be opened immediately after the end of the sale.
