author | Wu Blockchain about blockchain
The content of this article is for information sharing only and does not promote or endorse any business or investment activities. Readers are requested to strictly abide by the laws and regulations in their area and not participate in any illegal financial activities.
Top 10 News of the Week
1. The U.S. core CPI monthly rate in August was 0.3%, expected to be 0.20%, and the previous value was 0.20%
The annual rate of the US unadjusted CPI in August was 2.5%, which was expected to be 2.6% and the previous value was 2.9%, which was the fifth consecutive month of decline and the lowest level since February 2021. The year-on-year slowdown of the overall CPI in August was in line with expectations. The core inflation rate was higher than expected. The data supports the Fed's 25 basis point rate cut next week and should rule out the possibility of a larger rate cut of 50 basis points.
2. Binance launches Catizen (CATI) and Hamster Kombat
Recently, Binance has frequently launched TON ecological projects, including Notcoin , TON, and DOGS. Hamster Kombat previously stated that its number of users has exceeded 300 million (there may be many robot accounts), and rejected all VC investment intentions. Catizen claims that it has 34 million users since its launch six months ago, of which 2.24 million are Telegram Premium users. Catizen claims to be ranked first in revenue among all Telegram applications, with more than 2 million active players on the chain, 800,000 cumulative paying users, and an ARPPU of US$33, or a total revenue of US$26.4 million.
3. MicroStrategy purchases 18,300 BTC
MicroStrategy announced that it purchased 18,300 BTC at an average price of $60,408 between August 6 and September 12, worth approximately $1.11 billion, and achieved a BTC return of 4.4% so far in the quarter and 17.0% so far in the year. As of September 12, 2024, it holds 244,800 $BTC, worth approximately $9.45 billion, with an average price of approximately $38,585.
4.SEC's cryptocurrency enforcement fines in 2024 reached $4.7 billion, a year-on-year increase of more than 30 times
The U.S. Securities and Exchange Commission ( SEC ) has shown a significant upward trend in its enforcement of the cryptocurrency industry in fiscal year 2024. According to a report released by Social Capital Markets, the total amount of fines imposed by the SEC on cryptocurrency companies and executives this fiscal year has climbed to $4.7 billion, a surge of 3,018% from $150.3 million in fiscal year 2023. The report shows that the SEC has implemented a total of 11 enforcement actions this fiscal year, which is 19 fewer than the previous fiscal year, but the total amount of fines has reached a record high. Among them, the $4.47 billion settlement agreement reached by the SEC with Terraform Labs and its former CEO Do Kwon in June 2024 accounts for the majority, constituting the "largest single enforcement action to date."
5. US urges Nigeria to release detained Binance employees
According to The New York Times, the US government is urging Nigeria to release Tigran Gambaryan, a Binance employee who was arrested in February this year. According to two senior US State Department officials, this matter has become an important factor affecting US-Nigeria diplomatic relations. US Secretary of State Blinken discussed the matter with the Nigerian Foreign Minister in May, and diplomats such as the US Ambassador to Nigeria have repeatedly called for the release of Gambaryan. The US side emphasized that Gambaryan, 40, suffered from malaria and a herniated disc in prison and did not receive proper treatment, and should be released on humanitarian grounds. Gambaryan was originally a law enforcement officer and was arrested in Nigeria in February when he went to Nigeria to discuss Binance business with local officials. Nigeria accused Binance of allowing users to transfer the local currency Naira out of the country, causing the currency to collapse, and prosecuted Gambaryan and Binance for tax evasion and money laundering. The tax charges have been dropped, but other charges are still ongoing.
6. Hong Kong is planning to let the SFC and Hong Kong Customs jointly supervise OTC virtual asset transactions
Hong Kong is currently exploring whether to involve the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services, along with the Hong Kong Customs and Excise Department (C&ED), SCMP reported. The Hong Kong Securities and Exchange Commission has sought opinions from industry insiders on the possible implementation of a new licensing regime for cryptocurrency OTC services, which would allow the securities regulator to work with the C&ED to oversee these companies, according to people familiar with the matter, as the discussions are private. The planned OTC regulation and licensing was previously the sole domain of the C&ED, according to a proposal made public in February. OTC services facilitate direct and private high-volume cryptocurrency transactions between two parties. In recent months, the Hong Kong SFC has also consulted companies on introducing a new licensing regime for cryptocurrency custody services, the people said. Discussions on both licenses are still at an early stage and could change, they said.
7. In the first half of 2024, the value of global stablecoin settlements reached US$2.62 trillion
A new survey released by Visa, a leading global payment company, Brevan Howard, and Castle Island Ventures shows that stablecoins are no longer limited to crypto transactions, but are gradually being applied to real-world scenarios around the world. The survey covered 2,500 self-reported cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia, and India. The results showed that the use of stablecoins in cross-border payments, remittances, commodity payments, and salary payments has increased significantly. In the first half of 2024, the value of global settlements through stablecoins reached US$2.62 trillion, and it is expected to reach US$5.28 trillion for the whole year.
8. Uniswap ’s market share in DEX has dropped to 36%
The DEX landscape is undergoing some diversification, with Uniswap's once dominant market share facing steady erosion. Uniswap's market share has dropped from over 50% in October 2023 to 36% currently. As Uniswap's share continues to shrink, Base Layer2 is growing rapidly, with Aerodrome taking 7% of the market share and Orca's market share growing from 9% at the beginning of the year to 12% last month.
9. Digital asset management firm ParaFi Capital will tokenize a $1.2 billion fund on the Avalanche chain
Digital asset management company ParaFi Capital announced that it will tokenize part of its $1.2 billion portfolio on the Avalanche blockchain through the Securitize platform. This is the company's first attempt at fund tokenization, through which investors can buy and sell these tokenized shares on a digital platform. Ben Forman, founder of ParaFi Capital, said: "We are not only investing in tokenization infrastructure, but also practicing it ourselves."
10. Vitalik: Starting next year, we plan to only publicly mention L2 projects that are in Phase 1+
Vitalik said: "Whether I've invested or not, or whether you're my friend, there's only Phase 1 or nothing. Multiple ZK-rollup teams have told me that they expect to reach Phase 1 by the end of the year. I'm very excited about this. Of course, we shouldn't easily throw off the training wheels before we are truly confident in the security of the proof system; that would be irresponsible. But Phase 1 (75% of the council needs to cover the proof system, and 26%+ of the council members must come from outside the rollup team) is a very reasonable modest milestone. The multisig wallet I'm on hasn't had a single activity failure in years, let alone a 26% failure rate. The era of rollups as glorified multisig wallets is coming to an end. The era of crypto trust is coming."
Key financing events
Multicoin Capital announces $12 million investment in renewable energy company Fuse
Binance Labs announces investment in OpenEden
Binance Labs adds investment to BNB Chain MVB Season 7 finalist project Blum
Polygon Labs invests $5 million to purchase Fabric VPU chips to accelerate ZK technology development
Hedera-based Web3 music platform Tune.FM completes $50 million in financing
Huma Finance announces $38 million financing led by Distributed Global
AI infrastructure company PIN AI announces completion of $10 million Pre-Seed round of financing
Solana creator platform DRiP completes $8 million seed round of financing
Blocksense announces $4 million seed round
Web3 gaming platform Moku announces $5.35 million in funding
Web3 operating system Fountain announces completion of $3.5 million seed round
Ammalgam announces completion of $2.5 million seed round
Blockchain game developer Nytro Lab completes $8 million in financing
Blockchain interoperability protocol Hyperbridge announces $2.5 million seed round
Wingbits announces $3.5 million seed round
DeFi abstraction platform Infinit announced the completion of $6 million in financing, led by Electric Capital
For more industry financing events, please visit crypto-fundraising.info.
Read more on the official website:
https://www.wublock123.com/index.php?m=content&c=index&a=show&catid=6&id=31428
