Bitcoin Conference CEO in talks with Harris campaign about giving speech
Bitcoin Magazine tweeted that David Bailey, CEO of the 2024 Bitcoin Conference, is in talks with Kamala Harris' campaign team, hoping she will speak at the conference. The Harris campaign team will make a decision today.
Crypto custodian Hex Trust receives in-principle approval for MPI license in Singapore
According to The Block, crypto custodian Hex Trust has received in-principle approval for a Singaporean major payment institution (MPI) license, which allows it to provide cryptocurrency custody and over-the-counter trading services in Singapore. Hex Trust previously obtained a virtual asset service provider license in Dubai in November 2023.
dYdX: The website has been restored, and the dYdX Chain and v3 protocol have not been attacked
dYdX tweeted that the dydx.exchange website has been restored by dYdX Trading Inc. Users should clear their cache and restart their browsers before connecting to their website. Some wallet extensions, such as Metamask and Phantom, may still display warnings when connecting to the website. This issue should be resolved soon. dYdX also stated that the dYdX Chain, dydx.trade website, and v3 protocol have not been attacked and are safe to use. In addition, dYdX Trading is exploring strategic alternatives related to v3 technology that do not include Ethereum smart contracts. DYDX token holders must vote to approve any changes to the underlying smart contracts of v3.
Earlier reports said that the dYdX v3 website was hacked. Please do not visit the website or click on related links . The smart contracts on dYdX v3 are safe. Users are not allowed to withdraw funds for the time being .
Market News: DYDX is in talks to sell its trading platform
According to Tree News, citing Bloomberg Terminal, DEFI exchange DYDX is in talks to sell its trading platform. People familiar with the matter said Wintermute Trading and Selini Capital are among the potential buyers of the dYdX v3 software, as the negotiations have not yet been made public.
Binance plans to suspend the Conflux (CFX) network’s token deposit and withdrawal services at 13:30 on August 13, 2024, GMT+8, to support its network upgrade and hard fork. The project will perform this upgrade and hard fork at block height 247,480,000.
A Pendle user lost approximately $4.69 million by signing multiple permit phishing signatures
According to Scam Sniffer, an hour ago, someone lost $4.69 million in Pendle re-pledge tokens due to signing multiple Permit phishing signatures. According to statistics from the chain detective ZachXBT, more than $23.2 million in assets have been stolen from Pendle users since March 2024.
AltLayer adjusts ALT token vesting schedule, suspends 6-month vesting plan
According to the official blog, AltLayer announced the adjustment of the ALT token vesting schedule and suspended the 6-month vesting plan. Therefore, no new tokens will be unlocked for investors, teams, consultants, financial departments and others within six months (July 26, 2024 to January 24, 2025). The next unlocking will be on January 25, 2025. The tokens will be vested in a linear monthly manner for investors for a period of 2 years and for the team, consultants, financial departments and other personnel for a period of 3 years.
Binance Labs invests in Pluto Studio, a publishing platform for Telegram-based Web3 game Catizen
According to the official blog, Binance Labs announced that it has led the investment in Pluto Studio Limited, the GameFi publishing platform that launched Catizen. In March this year, Pluto Studio launched its flagship project Catizen. Catizen is a gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. In just a few months, the Catizen community has grown to about 25 million players, about 1.5 million on-chain game players, and more than 500,000 paying users worldwide. The game also dominated the TON blockchain ecosystem, sitting at the top of the Open League application rankings for three consecutive seasons.
Mt. Gox creditors have received their Bitcoin and Bitcoin Cash returns at Kraken
According to The Block, Mt. Gox creditors reported in Telegram that they have begun receiving Bitcoin and Bitcoin Cash transfers in their Kraken accounts.
Bitlayer Completes $11 Million Series A Funding, Led by Franklin Templeton and ABCDE
Bitlayer, the native second-layer network of Bitcoin, announced the completion of a $11 million Series A financing round, which was jointly led by Franklin Templeton Digital Assets and ABCDE. Other participating institutions in this round of financing for Bitlayer include Stake Capital Group, WAGMI Ventures, Skyland Ventures, Flow Traders, GSR Ventures, FalconX, Metalpha, 280 Capital, Presto Labs and Caladan. In addition, well-known angel investors such as BRC20 founder DOMO and FactBlock KBW co-founder Brian Kang also participated in this round of financing. The funds raised by Bitlayer in this round of financing will be used for global market expansion, supporting more developers to build and deploy more protocols to Bitlayer.
Bitlayer is the first Bitcoin security equivalent Layer 2 based on BitVM, dedicated to becoming the computing layer of Bitcoin. Bitlayer aims to introduce hyper-scalability to Bitcoin while inheriting its security and providing users with a high-throughput, low-cost transaction experience.
Igloo, Inc. ("Igloo"), the parent company of Pudgy Penguins, announced the completion of a financing of over $11 million led by Founders Fund, with participation from Distributed Capital, 1kx, Everest Ventures Group and Selini Capital. Igloo plans to use this strategic financing to develop its new business Cube Labs, which will oversee and participate in the development of Abstract as a contributor.
According to reports, Abstract is a new blockchain focused on consumption, incubated by the non-profit organization Abstract Foundation, and its test network will be launched soon.
Digital bank Revolut plans to sell employee shares worth about $500 million, according to The Wall Street Journal. The deal would value Revolut at $45 billion, according to people familiar with the matter. Revolut has been in talks with investment firm Greenoaks about the sale, which would pave the way for its potential initial public offering (IPO). It is reported that early employees of startups usually receive shares as part of their compensation, which they can sell when the company goes public. Revolut's goal may be to allow employees to cash out their shares while increasing the company's valuation before its IPO.
Tesla's latest second-quarter 2024 financial report shows that the company's total revenue in the second quarter of this year was US$25.5 billion, higher than the expected US$24.63 billion. GAAP net profit was US$1.5 billion and free cash flow was US$1.34 billion. In addition, Tesla did not sell or buy any Bitcoin in the quarter, marking the eighth consecutive quarter without any buying and selling operations. Tesla currently holds about 9,720 Bitcoins, with a purchase cost of approximately US$337 million. The last time Tesla reduced its holdings of Bitcoin was in the second quarter of 2022, when the company sold more than 30,000 Bitcoins for US$936 million, accounting for about 75% of its Bitcoin holdings. Tesla initially purchased $1.5 billion worth of Bitcoin in early 2021. In addition, Musk said in a conference call that the company will release its driverless taxi Robotaxi on October 10, which was originally scheduled to be released on August 8.
The Block data shows that the cumulative trading volume of 9 Ethereum spot ETFs on the first day of listing on US exchanges exceeded US$1.019 billion. Among them, Grayscale Ethereum Trust (ETHE) led with a trading volume of US$456 million, accounting for nearly half of the total trading volume. BlackRock Ethereum Spot ETF (ETHA) had a trading volume of US$240 million, accounting for 24%, and Fidelity Ethereum Fund (FETH) had a trading volume of US$136 million, accounting for 13%. In comparison, the trading volume of Bitcoin spot ETF on its first day of listing in January this year was US$4.6 billion.
Fidelity Ethereum ETF saw a net inflow of approximately $70 million on its first day of trading
According to farside data, Fidelity's Ethereum ETF (FETH) attracted $71.3 million in inflows after its launch. Bitwise's Ethereum ETF (ETHW) attracted $204 million in inflows on its first trading day after its launch. 21 Shares' Ethereum ETF (CETH) attracted $7.5 million in inflows on its first trading day after its launch. Franklin's Ethereum ETF (EZET) attracted $13.2 million in inflows on its first trading day after its launch.
As reported earlier today, the Grayscale Ethereum Trust saw net outflows of $484 million, or nearly 5% of assets under management , of which approximately $15 million flowed into the low-fee Grayscale Ethereum Mini Trust.
James Seyffart, Bloomberg ETF analyst, said on the X platform: "The chart below shows the starting asset levels of the Ethereum ETF launched today. The total amount of funds for the US Ethereum ETF to start trading is just under $10.3 billion (almost all of which comes from ETHE's assets)."
AVAIL’s premium on South Korean crypto exchage Bithumb exceeds 200%
Coingecko market data shows that AVAIL is trading at about $0.45 on the Korean crypto exchage Bithumb, while the trading price on most other centralized exchanges around the world is between $0.15-0.16. AVAIL tokens are currently trading at a premium of over 200% in the Korean trading market.
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