headlines
According to the official announcement, Binance Futures will gradually launch documentary trading at 14:45 on August 22, 2023 (Eastern Eighth District Time). At this stage, the order trading function has been enabled. Copy trading is a brand new function that helps users automatically follow the real-time contract trading strategies of traders with orders. The copy trading function will be fully launched in mid-September 2023.
The BAYC floor price hit another annual low, tentatively reported at 22.49 ETH
Blur data shows that BAYC’s floor price is currently at 22.49 ETH, with a 24-hour drop of 4.26% and a 7-day drop of 22.05%, setting another annual low.
cryptocurrency
The Sultanate of Oman has launched a new crypto mining center, the second mining facility to open in the country in ten months. A data hosting and cryptocurrency mining center has been inaugurated in the Salalah Free Zone, a special economic zone in the country with virtually no corporate taxes, Oman Observer reports. Local firm Exahertz International will operate the center in partnership with Dubai-based blockchain firm Moonwalk International. The center will cost $370 million to build and will use Bitmains latest mining machines, with 15,000 mining machines set to be installed by October 2023. Currently, the project is in a pilot phase with 2,000 mining machines running online and consuming 11 megawatts of electricity. It is reported that another mining center in Oman will start in November 2022 with an investment of US$389 million. (Cointelegraph)
PYUSD circulation exceeds 40 million
Etherscan data shows that the issuance of PYUSD, the U.S. dollar stable currency launched by PayPal, exceeded 40 million, reaching 40.6757 million, an increase of more than 10 million from two days ago; there are currently 106 holders, an increase of 21% in 24 hours. Additionally, Kraken Pro has opened PYUSD trading.
A mysterious bitcoin wallet address has become the worlds third-largest bitcoin holder in just over three months. According to data from crypto statistics platform BitInfoCharts, the wallet address first received bitcoin on March 8. Over the next three months and two weeks, the wallet accumulated 118,000 bitcoins, worth $3.08 billion at current prices. In addition, the first and second largest Bitcoin holding addresses are Binance Cold Wallet and Bitfinex Cold Wallet respectively, and another Binance Cold Wallet ranks fourth. (Cointelegraph)
Project News
Exactly Protocol: If Attackers Dont Respond Tomorrow, a $700,000 Bounty Program Will Be Launched
Exactly Protocol said on Twitter that it is working with some teams that have helped Euler Labs and many other protocols recover stolen funds, and if it does not receive a reply from the attacker tomorrow, it will officially launch a $700,000 hacker bounty program to encourage Community assists in investigation.
Shibarium: More validators will be launched tomorrow and will be reopened to the public soon
According to official news, Shibarium released the following latest developments: After two days of testing and adjusting parameters to reach a ready state, Shibarium is now enhanced and optimized. As mentioned, it is still in beta, but blocks will be produced. In addition, the team has enabled new monitoring systems and additional failsafes, including RPC-level rate limiting and automatic server resets, in case huge traffic volumes occur again. Shibarium is close to being ready to reopen to the public. Tomorrow, more validators will be launched to provide users with more choices, allowing users to share rewards by staking BONE, and the test is coming to an end.
Investment and Financing
Mining energy company Nodal Power closes $13 million seed round
Nodal Power closes $13 million seed round to build renewable energy power plants on landfills. It is reported that Nodal Power is reducing landfill methane emissions by providing electricity for bitcoin mining data centers. Nodal Power said a significant portion of the funding has been used to build and operate two power plants in the United States. The first power plant, located in the southeastern United States, will feed electricity from landfill gas to the local utility grid. The second power plant, located in the western part of the mountain region, houses an off-grid bitcoin mining data center powered by landfill gas. Nodal Power plans to allocate additional funds for the development of the third power plant, which is expected to be completed by early 2024. (Bitcoin Magazine)
Maple Finance Closes $5M Funding Round Led by Tioga Capital and Blocktower Capital
Crypto institutional lending protocol Maple Finance completed $5 million in financing, led by Tioga Capital and Blocktower Capital, with participation from GSR Ventures, Cherry Ventures, Veris Ventures, The Spartan Group, and others. Maple Finance will use the funding from the round to fuel the expansion of its lending arm, Maple Direct. (Decrypt) It was previously reported that Maple Finance, which suspended the Solana loan pool in January this year, will return to Solana and open its cash management solution. The new product offers clients such as DAOs and Web3 companies an on-chain treasury management solution, simplifying access to U.S. Treasury yields. Solana ecosystem stablecoin issuer UXD, perpetual contract protocol Drift, and DeFi lending protocol Solend have all committed to using the lending pool.
global policy
Kenyan Government Forms Parliamentary Committee to Investigate Worldcoin
The Kenyan government has formed a 15-member parliamentary committee led by Naroxi MP Gabriel Tongoyo to investigate crypto project Worldcoin. The committee will investigate Worldcoin within 42 days and submit a report to the House committee. Kenya suspended Worldcoin operations nearly three weeks ago after the project failed to comply with a government order to stop scanning users irises. Home Cabinet Secretary Kindiki Kithure, who played a key role in suspending Worldcoins operations, told a House committee that the government was concerned about Worldcoins activities to register citizens and collect eyeball/iris data, all of which he claimed posed serious security risks. (Cointelegraph)
The Intermediate Peoples Court of Hangzhou City, Zhejiang Province publicly pronounced the case of Xiao Yi, former member of the Jiangxi Provincial Committee of the Chinese Peoples Political Consultative Conference and vice chairman, for accepting bribes and abusing power. The defendant Xiao Yi was sentenced to life imprisonment for accepting bribes, deprived of political rights for life, and confiscated all personal property , sentenced to six years in prison for the crime of abusing power, decided to implement life imprisonment, deprived of political rights for life, and confiscated all personal property; seized and seized Xiao Yis bribery property and its fruits in accordance with the law, recovered and turned over Treasury. The trial found that: From 2008 to 2021, the defendant Xiao Yi successively took advantage of his positions as the director of the Beijing Office of the Jiangxi Provincial Peoples Government, secretary of the Fuzhou Municipal Party Committee of Jiangxi Province, and vice chairman of the Jiangxi Provincial Political Consultative Conference to provide services for relevant units and individuals. Provided assistance in matters such as project contracting, project development, and job promotion, and illegally received property equivalent to more than 125 million yuan, of which more than 57.82 million yuan has not been actually obtained; from 2017 to 2021, when Xiao Yi served as secretary of the Fuzhou Municipal Party Committee, Violating the new development concept and violating national regulations, providing assistance in financial subsidies, financial support, power guarantee, etc. to enterprises engaged in the production of virtual currency calculations, causing heavy losses to public property, the interests of the country and the people, the circumstances are particularly serious, and the impact is particularly serious. bad. (CCTV news client) It was reported in January that during his tenure, Xiao Yi regarded Jiumu Group Genesis Technology Co., Ltd., which is located in Fuzhou High-tech Development Zone, as a business card of Fuzhous digital economy industry, and publicized it to the outside world. It is a high-tech company of big data and cloud computing. However, Xiao Yi actually knew that the company was really engaged in mining business. Xiao Yi asked Lin Qingxing, the actual controller of Jiumu Group, to pretend to be a big data company, and some leading cadres formed a mining interest community with Lin Qingxings company. Xiao Yi also instructed relevant departments to fabricate statistical reports and adjust electricity consumption classification. He also illegally demanded financial subsidies for the company, and illegally promoted government agencies to provide the company with guarantees, loans and other financing support of more than 2.4 billion yuan, and helped the company build a new data center building in the high-tech zone. It is reported that Genesis has about 160,000 mining machines running every day. From 2017 to 2020, this companys electricity consumption accounted for 10% of the total electricity consumption in Fuzhou.
U.S. Attorneys File Proposed Jury Trial Directions Ahead of SBF Trial in October
U.S. prosecutors gave proposed trial directions to a jury ahead of FTX co-founder SBFs trial in October. The 100-page document details how prosecutors want Chief Judge Lewis Kaplan to instruct the jury in the SBF case based on previous practice by New York district judges in other cases. The seven charges facing SBF — involving fraud and money laundering conspiracy, as well as telecommunications, commodities and securities fraud — are broken down one by one. For each charge, prosecutors gave instructions including how Judge Kaplan should present the charge, the burden of proof or elements required for the jury to find SBF guilty, and the evidence relevant to each charge. (Cointelegraph) Earlier today, FOX Business reporter Eleanor Terrett tweeted that Judge Kaplan had approved SBF to meet with his lawyer tomorrow (the day of the indictment) from 8:30 to 15:00. lawyers can bring a laptop with Internet access and a WiFi device to the meeting.
character * voice
Legal Experts: friend.tech Could Get SECs Attention
Friend.tech is soaring in popularity, earning more than $1 million in 24 hours, and cryptocurrency-focused lawyers say the U.S. Securities and Exchange Commission (SEC) is definitely looking at friend.tech. Securities experts say the model looks similar to the stock market. Just as public company shareholders can earn dividends, influencers can choose to share fees with buyers — a perk that many already offer to boost trading volume and share prices. Shareholders have the right to send messages privately to accounts in which they own shares. Mark Hiraide, a partner at Mitchell Silberberg Knupp, said that this provides potential utility for the app, and if it is targeted by securities agencies in the future, its practicality may become a key argument different from securities. Additionally, Hiraide said it will be interesting to see whether the shares trade on platforms other than friend.tech, as listing on a third-party exchange would make it more difficult to distinguish these assets from traditional securities. The popularity of friend.tech and the attention it generated were enough for the SEC to get involved. (Blockworks)
SlowMist Chief Information Security Officer (CISO) 23 pds tweeted that WinRAR has exposed a remote code execution vulnerability (CVE-2023-40477). WinRAR compression software is a decompression software, which is one of the software required for computer installation. An attacker can use this vulnerability to execute code by luring the target to visit a malicious page or simply opening a malicious file. Once the user executes it, the hacker may control his computer . Please pay attention to the upgrade of cryptocurrency users, and pay attention to the so-called WinRAR vulnerability detection tool which is also a malicious phishing program, and pay attention to financial risks.
Matteo Greco, research analyst at Fineqia, said: The sharp narrowing of the grayscale GBTC negative premium rate indicates that the possibility of future ETF spot approval in the United States has increased significantly, which has prompted investors who believe that ETFs will be listed in the future to buy GBTC at a substantial discount. ” Chase White, senior research and policy analyst at Compass Point Research Trading, expects GBTC’s discount to “tighten significantly,” possibly as low as 10%, after Grayscale wins. (Blockworks) Coinglass data shows that as of the time of publication, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 25.83%.
