Senior campaign adviser: Harris will support policies that help digital assets grow
Brian Nelson, a senior campaign adviser to the Democratic Party, said in an interview with Bloomberg that U.S. Vice President Harris plans to support measures to help the digital asset industry develop. Nelson serves as the U.S. Treasury Department's undersecretary for terrorism and financial intelligence. He said Harris will "support policies that ensure that the emerging technology industry can continue to develop." He also pointed out that the industry has been calling for "stable rules."
Insider: Kennedy Jr. plans to withdraw from US presidential race by the end of this week
U.S. presidential candidate Robert F. Kennedy Jr. plans to withdraw from the race by the end of this week, ABC News reported, citing people familiar with the matter. But the decision has not yet been finalized and could still change.
FTX: The restructuring plan has been voted in favor of all categories of creditors
According to PR Newswire, the bankrupt crypto exchage FTX and its affiliated debtors announced that the reorganization plan submitted to the U.S. Delaware Bankruptcy Court has received overwhelming preliminary support from all categories of creditors. Unofficial voting reports show that more than 95% of voting creditors voted in favor of the plan, accounting for 99% of the value of voting claims. The reorganization plan is expected to exceed the acceptance threshold stipulated in the Bankruptcy Code. FTX CEO and Chief Restructuring Officer John J.Ray III said: "The plan provides for the return of 100% of the bankruptcy claim amount and interest to non-government creditors and the resolution of complex disputes with dozens of government and private stakeholders. We will continue to work constructively with creditors and the court in the coming weeks until the confirmation hearing." FTX will submit the final voting results to the U.S. District Court for the District of Delaware Bankruptcy Court before the confirmation hearing scheduled to begin on October 7, 2024.
Latin American payment giant Mercado Pago launches dollar-pegged stablecoin "Meli Dollar" in Brazil
According to CoinDesk, Mercado Pago, a digital bank under Latin American e-commerce giant Mercado Libre, announced the launch of the US dollar-pegged stablecoin "Meli Dollar" in Brazil. Users can use Brazilian real balances to buy and sell the stablecoin without fees.
Aave V3 has been deployed to the ZKsync Era mainnet
Decentralized Finance (DeFi) protocol Aave announced the launch of Aave V3 on the Era mainnet powered by ZKsync. This integration leverages ZKsync's zero-knowledge proof (ZK) technology to provide users with a low-cost and secure trading experience, and improves Aave's liquidity and yield generation capabilities in the Elastic Chain ecosystem. Chainlink will provide reliable price data services for this.
According to Bloomberg, Binance plans to hire 1,000 employees this year, many of which will be focused on compliance, and the planned hiring spree also includes positions such as customer service. The move is in response to increased regulatory requirements, especially after the plea agreement reached with the U.S. Department of Justice, the company's annual compliance expenses have exceeded $200 million.
Binance CEO Richard Teng said that the company plans to expand its compliance team to 700 people by the end of 2024 (currently about 500 people), while the company continues to work towards establishing a global headquarters. Teng also mentioned that Binance is facing an increasing number of requests from law enforcement agencies around the world, and has processed 63,000 requests this year, up from 58,000 last year. A company spokesperson said two months ago that Binance has more than 5,000 employees.
It was reported this morning that Binance CEO said that due to the company's good financial situation, an IPO is not currently being considered .
Web3 streaming platform Myco will decentralize content on the Aptos blockchain
According to Cointelegraph, the Aptos Foundation has reached a cooperation with the Web3 streaming platform Myco to realize the decentralization of streaming content on the Aptos blockchain. This cooperation not only includes technical integration and development resources, but is also closely related to Myco’s native utility token that will be launched on the Aptos blockchain in early Q4 2024.
Coinbase Adds Polygon Ecosystem Token (POL) to its Listing Roadmap
Coinbase Assets tweeted that it has added Polygon Ecosystem Token (POL) to its coin listing roadmap today. Coinbase will add support for Polygon Ecosystem Token (POL) on both Polygon and Ethereum networks.
As reported by The Block, ZKsync Era, once a popular Layer 2 scaling solution, has seen a sharp decline in revenue. Revenue plummeted to just $6,800 last Sunday, in stark contrast to the high of $746,000 before the airdrop. The sharp drop coincided with the project's June 24 token airdrop, when 3.675 billion ZK tokens (17.5% of the total supply) were provided to eligible wallets. Despite being highly anticipated, the airdrop triggered a massive loss of network users and liquidity, with daily transactions falling from a peak of 1.8 million to just 200,000.
According to Decrypt, AI proxy encrypted payment network Skyfire announced the completion of a $8.5 million seed round of financing. Investors include USDC issuer Circle, Ripple, Gemini, and the venture capital company of Tim Draper, a well-known Silicon Valley billionaire and Bitcoin advocate.
Founded by two former Ripple developers, Skyfire is an open-source payment system that will allow autonomous AI agents to quickly move around the internet and purchase whatever goods they need to complete a designated task — from data storage and creative assets to airline tickets and groceries. All of these transactions will be powered by the stablecoin USDC. Skyfire currently runs on Ethereum extension network Polygon, but the company says it plans to expand to other blockchains soon. Skyfire is currently free to use, but says it may soon charge transaction fees of between 2% and 3%.
According to The Block, Programmable IP (PIP) Labs, the developer of Layer1 intellectual property blockchain Story Protocol, raised $80 million in a Series B round led by a16z Crypto. Other investors in this round include Polychain Capital, Scott Trowbridge, senior vice president and board member of Stability AI, Adrian Cheng, founder and billionaire of K11, and Cozomo de' Medici, a digital art collector. Sources said: Story Protocol developer PIP Labs is currently valued at $2.25 billion after financing
Mt.Gox: On August 21, it repaid some creditors according to the compensation plan
Mt.Gox officially announced that after multiple repayments in July 2024, on August 21, 2024, according to the compensation plan, some creditors had been repaid in the form of Bitcoin and BCH through some designated cryptocurrency exchanges. So far, the trustee has repaid more than 19,000 creditors in the form of Bitcoin and BCH.
BlackRock’s ETHA Becomes First Ethereum ETF to Surpass $1 Billion in Net Inflows
According to CoinDesk, data shows that BlackRock's spot Ethereum ETF iShares Ethereum Trust (ETHA) became the first company among 11 issuers to exceed $1 billion in net inflows on Tuesday. ETHA holds more than $860 million in net assets, second only to Grayscale's Mini Ethereum Trust (ETH) and Ethereum Trust (ETHE).
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