On July 7th, Polkadot founder Gavin Wood delivered a speech at the Polkadot Decoded conference, saying that Polkadot may cancel the parachain auction and switch to an application-centric model. He put forward a new perspective on Polkadot: no longer limited by the original parachain and relay chain, but focusing on the lower-level resources required by the...
On July 6th, Dune data showed that Blur’s NFT lending agreement Blend has accepted more than 100,000 loan transactions, reaching 100,012. The current total NFT loan transaction is 1,223,509,827 US dollars. In addition, as of now, the number of independent borrowers on the Blend platform is 3,551, and the number of independent lenders is 2,007.
The UK’s Financial Conduct Authority (FCA) has announced that all crypto asset firms marketing to users in the UK must comply with its financial promotion regime by October 2023. In a letter dated July 4, the FCA said that from October 8, firms operating in the U.K. will only have “four avenues for legally disseminating crypto asset promotions” in order to comply...
On June 30th, according to the official announcement, Bitfinex will remove the following four trading pairs: BAT/USDT, ID/USDT, TREEB/USDT, EOS/EUR. The removal of these trading pairs will help consolidate and improve Bitfinex’s liquidity, bringing customers a more streamlined and optimized trading experience. Trading of these four trading pairs will cease at...
On June 29th, the DeFi infrastructure Maverick Protocol announced that due to the surge in transactions in the past two days, the subgraph service provided by The Graph has experienced significant delays, resulting in some LPs being unable to display in the UI when deploying liquidity to the chain. Access to its liquidity position, currently working with The Graph...
OKX has issued a Proof of Reserve (PoR) for the eighth consecutive month, with $11.3 billion in BTC, ETH and USDT reserves. OKX's latest PoR covers 22 widely used digital assets. In addition to BTC, ETH, and USDT, the assets included in OKX PoR include: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS , ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.
According to news on June 27, according to monitoring by Ember, an analyst on the chain, 1 hour ago, the giant whale address starting with 0x882E withdrew 8,100 ETH (about 15.11 million U.S. dollars) from Binance. Since June 8, this address has withdrawn a total of 34,600 ETH (approximately 64.32 million U.S. dollars) from Binance, with a possible average cost...
According to news on June 25, the National Tax Agency of Japan recently issued a circular on the interpretation of laws and regulations, modifying some rules of corporate tax. Among them, for the encrypted assets (virtual currency) issued by the enterprise itself, if the conditions are met, it will be excluded from the market value evaluation object. Under the...
On June 24th, Mike McGlone, senior macro strategist at Bloomberg Intelligence, announced the contents of the latest "Encryption Outlook" report on social media, which pointed out that even if the spot bitcoin exchange-traded fund (ETF) applied by BlackRock really won Nor will the ETF launch until 2023, subject to regulatory approval. In addition, Mike McGlone also...
Coinbase Asset officially announced that it has added VeChain (VET) and VeThor (VTHO) to its roadmap. Coinbase previously decided that in order to improve asset transparency, it would announce in advance the assets that have been decided to go online and move them to the roadmap. According to data from Coingecko, VTHO has risen above 0.00112, an increase of 5.4%...
News on June 20, according to the latest report from Bitfinex Alpha, as more key indicators are released one after another, the United States continues to face a mixed economic landscape. Wholesale prices, as measured by the PPI, experienced a larger-than-expected decline in May, signaling a possible slowdown in inflation. The trend suggests supply chain...
We can’t wait until next week’s deadline to resolve the SEC’s response to the Third Circuit’s June 6 order, Coinbase Chief Legal Officer Paul Grewel said on social media. It is unusual for the government to reject a direct inquiry in federal court. But as we've laid out today, the SEC's evasive response goes further than normal. The court should now grant a writ...
On June 15th, the cross-chain lending protocol Pike Finance will be released on the Coinbase Layer2 network Base. It is supported by the cross-chain bridge Wormhole and the USDC issuer Circle, aiming to help users get rid of the original chain without sacrificing security. Limitations, direct interaction between different blockchains can be achieved without...
According to official news, the Web3 developer community BeWater recently announced that the winning projects of the Web3 Innovation Contest organized by the platform will be selected for the new Start-up support plan launched by Sinohope, the MPC self-hosting platform of Xinhuo Technology. Award-winning projects will enjoy enterprise-level service customization...
According to news on June 13, the Ethereum Layer 2 expansion solution Starknet has integrated the cryptocurrency security startup Hypernative. The project is capable of detecting post-deployment zero-day cyber-attacks, hacks, and exploits, in addition to proactively detecting other major real-time risks across categories ranging from financial, governance,...
On June 9th, Web3 e-commerce platform Uquid announced that it accepts Tether Gold (XAUT) as a payment option. Founded in 2016, Uquid is an online retail ecosystem that integrates Metaverse and traditional e-commerce. In addition to accepting XAUT as a payment method now, customers can also use BTC, USDT and other cryptocurrencies to purchase goods.