The central bank announced a rate cut and reserve requirement ratio cut
According to Jinshi, Pan Gongsheng, governor of the People's Bank of China, announced at a press conference of the State Council Information Office on the 24th that the deposit reserve ratio and policy interest rate would be reduced. In the near future, the reserve ratio will be reduced by 0.5 percentage points, releasing 1 trillion yuan of long-term liquidity, and it may be reduced by another 0.25-0.5 percentage points before the end of the year. At the same time, the central bank's policy interest rate will be reduced, and the seven-day reverse repurchase operation interest rate will be reduced by 0.2 percentage points, guiding the loan market quotation rate (LPR) to decline synchronously.
According to the official website of the Hong Kong Monetary Authority (HKMA), the HKMA today launched the second phase of the "Digital Hong Kong Dollar" pilot program to further explore new digital currencies that can be used by individuals and businesses, including "digital Hong Kong dollars" and tokenized deposits. The project name has been changed to "Digital Hong Kong Dollar +" to reflect the broader exploration of the digital currency ecosystem. The 11 selected institutions will conduct innovative use case research in three major areas: tokenized asset settlement, programmability and offline payments. This phase of research will help the HKMA understand the design, implementation and operational issues that may be faced in the public-private coexistence digital currency ecosystem. The "Digital Hong Kong Dollar +" project will continue to advance relevant work on the technical and legal basis to lay the foundation for the possible issuance of "digital Hong Kong dollars" for individuals and businesses in the future. The HKMA will work closely with the selected institutions in the next 12 months to jointly advance the work of the second phase, and plans to share the main results of the second phase with the public by the end of 2025.
Mango Markets to settle $500,000 with CFTC over unregistered trading charges
According to CoinDesk, decentralized crypto exchage Mango Markets is considering reaching a settlement agreement with the U.S. Commodity Futures Trading Commission (CFTC) and will pay a $500,000 fine to the CFTC. The CFTC accused the exchange of not registering as a commodity exchange, illegally providing services to U.S. users, and failing to conduct customer identity verification. The proposal still needs to be voted on by the holders of Mango Markets' governance token MNGO, and the current results show that the possibility of approval is very high. In addition, CFTC commissioners also need to approve the agreement. According to previous news, Mango Markets reached a settlement with the U.S. Securities and Exchange Commission (SEC) last month and paid a fine of approximately $700,000.
Eigen Foundation: Transfer restrictions on EIGEN tokens are expected to be lifted on September 30
The Eigen Foundation said on the X platform: "The next major step in the evolution of EIGEN is coming soon. The transfer restriction of EIGEN tokens is expected to be lifted on September 30, 2024. Please note that if the user's EIGEN is currently staked, there is a 7-day withdrawal period to unstake the staked EIGEN."
Eric Balchunas, senior ETF analyst at Bloomberg, disclosed on the X platform that BlackRock runs its own blockchain node, extracts Bitcoin balances from Coinbase Prime's wallet address every night, and verifies Bitcoin held by IBIT. If institutional clients request it, they will show this data, but they will not make it public to the world because they have received a lot of spam (such as sanctioned Bitcoin, NFT), and making this information public will only lead to a surge in spam. Balchunas said: "What you need to know is that this is by no means amateur behavior. BlackRock manages about 500 ETFs, and the assets of these ETFs are kept by custodians and have not had any problems for decades. This is why they and other ETF issuers are so trusted by American advisors."
OpenAI's official newsroom X account was hacked to peddle cryptocurrency scams
According to The Verge, at 6:24 am Beijing time on September 24, the @OpenAINewsroom account, which shares OpenAI news and has nearly 54,000 followers, posted a now-deleted post promoting the "OPENAI" token. The post reads: "We are very pleased to announce the launch of OPEANAI: a token that bridges the gap between artificial intelligence and blockchain technology. All OpenAI users are eligible for the initial supply of OPENAI. Holding OPENAI will gain access to all of our future beta programs." The post also includes a link to a fake version of the OpenAI website. The relevant fake post is currently displayed as "unavailable". It is reported that the account was launched earlier this month.
According to The Block, Treasure DAO announced on Monday that members of the organization voted with 99.5% support to migrate the blockchain gaming ecosystem from Arbitrum to ZKsync. According to a statement, the proposal outlines a plan to launch the Treasure chain using ZK Stack technology from ZKsync. Earlier this month, the proposal was submitted to DAO members. Treasure DAO also said on Monday that a new public test network called 'Topaz' is being launched, which will enable games and players to start exploring and building in the new environment. Mainnet is scheduled to be launched in the next 1.5 to 2 months. In addition, the token swap will be executed between the Treasure and ZKsync foundations in the next few days.
Coinbase to List Moonwell (WELL)
Coinbase announced that it will support Moonwell (WELL) on the Base network (ERC-20 token). Users should be careful not to send this asset through other networks, otherwise funds may be lost. Transfers of WELL assets are now open in regions where Coinbase and Coinbase Exchange support trading. If liquidity conditions are met, the WELL-USD trading pair will be launched in phases on or after 9 am Pacific Time on September 24. Support for WELL may be limited in certain supported jurisdictions.
Coinbase International will launch CATI perpetual contracts
According to the announcement of Coinbase International Exchange, Coinbase International Exchange and Coinbase Advanced will launch the Catizen (CATI) perpetual contract trading market at or after 17:30 (UTC+8) on September 26, 2024.
DefiLlama founder 0xngmi posted on the X platform that almost all cross-chain bridges (including WBTC) provide proof of reserve (PoR) to ensure that the issued tokens have sufficient asset support, but Coinbase's cbBTC lacks transparency and does not provide PoR. He also pointed out that because of this, DefiLlama has not yet included cbBTC on the platform because its locked volume (TVL) cannot be verified, and emphasized that DefiLlama treats all projects equally and will not make an exception for Coinbase.
Telegram founder Pavel Durov said in his personal channel that Telegram's search function is powerful and can help users find public channels and robots, but it has also been abused, and some users use this function to sell illegal goods. In the past few weeks, Telegram's dedicated team has greatly improved the security of search using AI technology, and all identified illegal content is no longer accessible. Durov also said that Telegram has updated its terms of service and privacy policy to clarify that the IP addresses and phone numbers of violators may be provided to relevant authorities upon legal request to combat illegal activities and ensure the security and legitimate use of the platform.
Sygnum Unit Obtains Liechtenstein Crypto-Asset Service Provider License
According to CoinDesk, a subsidiary of Sygnum, a digital asset banking group headquartered in Switzerland and Singapore, has obtained a Crypto Asset Service Provider (CASP) license in Liechtenstein. This registration enables Sygnum to provide regulated digital asset services, including brokerage, custody and banking, to the European Economic Area (EEA) in accordance with the EU's Crypto Asset Market Act (MiCA). The move marks Sygnum's plan to expand into the EU market, and together with companies such as Coinbase and Circle, it is preparing to expand its business under the MiCA framework. MiCA's stablecoin regulations came into effect in June this year, and other relevant regulations are expected to be implemented in December.
Binance to launch GHSTUSDT perpetual contract
Binance Futures will launch GHSTUSDT perpetual contracts at 21:00 (ET) on September 23, 2024, with a maximum leverage of 75x.
According to The Information, citing people familiar with the matter, decentralized prediction market Polymarket is in talks to raise more than $50 million in new funds. People familiar with the matter also said that Polymarket discussed the possibility of launching a token that can be used to operate its prediction market. If Polymarket does move forward with the issuance of tokens, it will be one of the most eye-catching token launches since the crypto market recovered from the 2022 crash. Investors in this financing will receive token warrants, which will give investors the right to purchase tokens if they are issued in the future. However, Polymarket has not made a final decision, and there is still no clear timetable for the issuance of tokens.
AI startup Anthropic raises $40 billion valuation in early talks for new funding round
According to Cailianshe, citing The Information, artificial intelligence startup Anthropic has begun discussing financing with investors. According to an existing investor who talked to OpenAI executives, the company's valuation could reach $30 billion to $40 billion, roughly double the financing completed earlier this year. Anthropic generates revenue by selling access to its Claude conversational artificial intelligence.
Celestia Foundation Completes $100 Million Funding, Bain Capital Crypto Leads Investment
According to The Block, the modular blockchain Celestia Foundation has completed a $100 million financing, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder and other companies. The foundation's total financing has reached $155 million. Celestia went live on the mainnet in October last year, and network developers recently announced plans to expand Celestia's block capacity to 1GB. According to previous news, Celestia Foundation completed a $55 million financing in 2022, led by Bain Capital Crypto and Polychain Capital.
A whale sold 640 WBTC in exchange for 15040 stETH 8 hours ago
According to the monitoring of on-chain analyst Ember, the whale who exchanged ETH for WBTC when the ETH/BTC exchange rate was 0.0435 in August bought back ETH 8 hours ago: he sold 640 WBTC (about 40.45 million US dollars) in exchange for 15,040 stETH. The ETH/BTC exchange rate is 0.0425. He now holds 15,040 stETH (39.8 million US dollars) and 516 WBTC (32.6 million US dollars). In addition, he bought 125,605 AAVE at a price of $127 from 8/21 to 9/4. At present, these AAVEs have made a floating profit of up to $5.75 million (+36%).
PANews reported on September 24 that according to on-chain analyst Ember’s monitoring, BitMEX founder Arthur Hayes transferred another 240,000 PENDLE (US$950,000) to Binance 2 hours ago. His PENDLE is about to be sold out: he has sold 1.835 million PENDLE (US$6.55 million) in the past 4 days, and only holds 253,000 PENDLE. His PENDLE comprehensive cost is about US$2.89, and the recent average transfer price of PENDLE is US$3.57, with a profit of US$1.24 million.
An address holding 81 BTC was reactivated after 10.9 years of dormancy
According to Whale Alert, a dormant address holding 81 BTC (worth about $5.1895 million) was reactivated after 10.9 years. The Bitcoin value of this address in 2013 was only $44,707.
According to PeckShieldAlert, the address marked as the WazirX hacker has transferred the tenth batch of 5,000 ETH (worth about $12 million) to a new intermediate address 0xdBdE…8C56, and has laundered 4,900 ETH through Tornado Cash. So far, the relevant address has laundered a total of 52,500 ETH through Tornado Cash.
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