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Web3 Daily | RTFKT signs with Hollywood agency CAA; Alibaba's global AliExpress to issue shopping-themed NFTs.
Summarized by AI
Top News:
1. RTFKT has signed with Hollywood talent agency CAA to expand its IP into the film and television industry.
2. Alibaba's global marketplace, AliExpress, will release a shopping-themed NFT on June 25th, with a limited edition of 5555 pieces.
3. A BTC address that has been dormant for 10 years was activated today, and all 1432 BTC were transferred to a new address.
4. Bloomberg: South Korean prosecutors attempt to freeze $13 million in funds related to Do Kwon held by a Swiss bank.
5. CoinGape: Do Kwon is accused of having political connections with the former finance minister of Montenegro.
Project Updates
According to a report by Coingraph News, the news released yesterday regarding the "US SEC freezing Binance.US related assets application approved by the court" has not been confirmed.
Coinbase CEO Brian Armstrong stated that Coinbase is currently operating as usual and there is no risk of customer run. The staking service accounts for 3% of the net revenue, and Coinbase will not abandon this business.
In addition, Brian Armstrong stated that Coinbase had sought more guidance from the SEC but did not receive a response. Several legislators in Congress and the White House have recognized the importance of cryptocurrency technology. The US Congress is currently more supportive of cryptocurrencies.
Gary Gensler once sent the BNB report written by his students during his tenure at MIT to CZ
Manta Network co-founder and COO Kenny posted on social media that he once served as a teaching assistant when Gary Gensler taught at the MIT Sloan School of Management's Cryptocurrency and Blockchain Lab. As a student in Gensler's class, Gary Gensler sent him a report he wrote about BNB to CZ, inspiring Kenny to become more involved in cryptocurrency. During his time as a teaching assistant, Kenny had in-depth discussions with Gensler about cryptocurrency projects.
Kenny said that it is unfortunate to see the lawsuit against Binance and CZ by Gensler, "just like seeing parents quarrel", and hopes that "regardless of the outcome of this matter, the hard work of those wise people who strive to change the world in this field can be fully taken into account".
According to Bloomberg, Galaxy Digital CEO Mike Novogratz said that institutions are "not participating" in the cryptocurrency market, especially in the United States. "What we're seeing now is retail buying small amounts every day, accumulating through apps like Square, Robinhood, and Revolut," he added.
Novogratz also mentioned that Galaxy is shifting more of its business overseas, and that "as investors become increasingly interested in artificial intelligence, cryptocurrencies now need to prove their utility."
The Sandbox co-founder and COO Sabastien Borget stated that The Sandbox is aware of the lawsuit filed by the SEC against Binance and Coinbase in the United States, but does not agree with the SEC's decision to classify SAND as a security. The Sandbox will not be directly affected by the lawsuit and it will not change the project's daily operations.
Binance will support the Ronin (RON) network upgrade and hard fork.
According to an official announcement, Binance will support the Ronin (RON) network upgrade and hard fork. It is expected that token deposits and withdrawals through the Ronin network will be suspended at 12:30 on June 13th (Beijing time), and will be reopened once the network upgrade is stable.
CoinGape: Do Kwon accused of having political ties with former finance minister of Montenegro
合成资产协议 Synthetix 已推出 V3 现货市场 Alpha 版本
Translation:Synthetix, a synthetic asset protocol, has launched the Alpha version of its V3 spot market.
The synthetic asset protocol Synthetix has launched the Alpha version of its spot market for V3, allowing anyone to exchange stablecoins from the V3 protocol with synthetic assets. Synthetix has stated that there are currently no voting rights or inflation rewards for V3 stakers.
Web3 game zk-GalaxyBlitz launches IDO and NFT sales after passing Google and Apple reviews
The sub-game zk-GalaxyBlitz of GalaxyBlitz has passed the review of Google and Apple and will be launched soon. At the same time, zkMIT and NFT will be sold starting at 18:00 on June 8th.
As the first large-scale mobile game on zkSync, the game is independently operated by Zk-GB-DAO and adopts a fair distribution model. The initial number of NFTs is 1000, and the initial total amount of tokens is 2 million, which will continue to be destroyed.
zk-GalaxyBlitz has an independent season mode, economic model, and game mechanism, and operates independently without cross-chain operations with GalaxyBlitz.
It is worth mentioning that the parent game GalaxyBlitz is a large-scale sci-fi SLG game that has received $10 million in investment and operates on BNB Chain and Conflux. According to in-app purchase data, US users account for 20%, making it the first Web3 game to dominate the US market.
Alibaba's cross-border e-commerce platform, AliExpress, announced on Twitter that it is partnering with "The Moment3!" to create the "AliExpress Theme Shopping Moment" NFT. The NFT will be jointly released with "The Moment3!" on June 25th, with a total of 5555 pieces.
LayerZero announced the launch of Arbitrum Nova mainnet.
The LayerZero interoperability protocol announced the launch of the Arbitrum Nova mainnet.
The Solana Foundation will hold a four-day "Hong Kong Hacker House" event in Hong Kong on November 14th. The event will be led by Solana Labs' core engineers, and developers can learn how to start using Solana, DeFi, and NFT information during the event. There will be plenty of time to work on projects, meet new friends, find team members for personal ideas, or join existing teams, and receive advice from Solana Labs' core engineers.
Bitget announced the launch of MartinGale AI investment strategy. By introducing AI strategy system, Bitget helps users create more reliable strategy parameters, providing convenient and leading investment strategies to assist investors in maximizing their profits.
Bitget's AI strategy offers a variety of intelligent parameters for users to choose from, including conservative AI strategy, aggressive AI strategy, and robust AI strategy, to meet different investment preferences.
Simultaneously supporting custom strategies, traders can adjust the parameters of the Martingale strategy based on their personal trading habits and risk preferences.
The parameter settings of the AI strategy comprehensively consider historical market trends and price fluctuations, and leverage Bitget's backend algorithm to provide reliable investment references for traders. Users can also evaluate and choose more suitable AI strategies based on the strategy's 30-day backtesting yield and number of users.
According to an official announcement, Binance will perform wallet maintenance on BNB Beacon Chain (BEP2) at 15:00 on June 12th, Beijing time, which is expected to take 1 hour. During the wallet maintenance period, the digital assets/tokens trading of BNB Beacon Chain (BEP2) will not be affected. Binance will suspend the deposit and withdrawal services of BNB Beacon Chain (BEP2) at 14:55 on June 12th, 2023.
RTFKT has signed with Hollywood talent agency CAA to expand its IP into film and television
Nike's encrypted fashion brand RTFKT, which is under its umbrella, has signed a contract with Hollywood talent agency Creative Artists Agency (CAA) to expand its IP into the film and television industry. It will also create a series of online seminars and other educational programs for artists focused on encryption and 3D.
数据
translates to
Data
in English.
Data: ETH Whales Deposit 15.98 Million USDT into Binance Again
According to data analyst Yu Jin, at 01:38:35 Beijing time, a whale that frequently trades ETH in the short term has once again deposited 15.98 million USDT into Binance. At least since May, this whale has transferred ETH to Binance several times at short-term highs, and then bought ETH at relatively low points.
休眠 10 年的 BTC 地址于今日被激活，将全部 1432 枚 BTC 转移至新地址
Translation:
According to data from Whale Alert, a BTC address that has been dormant for over 10 years was activated today, and all 1432.93 BTC in the address were transferred to a new address. Lookonchain stated that the address originally received Bitcoin on April 9, 2013, when the price of BTC was only $195.40 per coin.
According to data from LookOnChain, a whale address starting with 0x31 exchanged 1.5 million USDC for 1.34 trillion PEPE 12 hours ago, at an average price of $0.000001162.
It is reported that the same address exchanged 1.5 million USDC for 125 million PEPE yesterday, and now holds a total of 258 trillion PEPE.
Data: Coinbase has redeemed cbETH worth $65.7 million after being sued
According to data from Dune@21Shares, since the US Securities and Exchange Commission (SEC) took enforcement action against Coinbase on June 6th, 35,810 cbETH tokens have been redeemed, worth approximately $65.7 million. cbETH is Coinbase's Ethereum staking token. Of these, 27,280 cbETH tokens were redeemed on June 6th alone, worth approximately $49.1 million.
Data: Andrew Kang bought $1.05 million worth of RDNT at an average price of about $0.285
According to on-chain data analyst Yu Jin, at 19:03:50 on June 7th Beijing time, Andrew Kang, co-founder and partner of Mechanism Capital, a cryptocurrency venture capital firm, bought a total of 3,717,429 RDNT tokens (approximately $1.05 million) at an average cost of $0.285 per token.
Data: After the update of the scoring mechanism on Blur, Huang Licheng transferred 2941 ETH to Blur
According to on-chain analyst user Yu Jin, after the NFT marketplace Blur updated its Bidding Points mechanism, Huang Licheng's tagged address transferred 2941 ETH (approximately $5.41 million) into Blur to continue earning points. Previously, he expressed dissatisfaction with Blur's point system and withdrew his funds, pausing his point-earning activities.
Funding
Encryption game application TradingLeagues completes $3.5 million Pre-A round of financing
According to the Economic Times of India, the cryptocurrency gaming application TradingLeagues has completed a $3.5 million Pre-A round of financing, with Leo Capital, Jeejeebhoy Family Office, and KPB Family Trust Fund, a subsidiary of Sequoia India and Westbridge Capital founder KP Balaraj's family office, participating.
TradingLeagues helps users understand the stock and cryptocurrency markets through gaming, cultivating skills such as portfolio construction and trading. TradingLeagues plans to complete a $10 million Series A financing in the coming months.
LBank Labs announced investment in well-known fund management company Collab+Currency
LBank Labs has completed an investment in Collab+Currency, a well-known fund management company. Collab+Currency is a cryptocurrency fund that focuses on supporting early-stage projects that aim to establish the next generation of cultural and consumer technologies. Over the past 5 years, the fund has supported nearly 100 projects covering almost every vertical in the cryptocurrency field, including infrastructure, foundational blockchain layers, service providers, and NFTs.
Collab+Currency has previously invested in some of the most influential web3 consumer projects, such as Blur, SuperRare, Art Blocks, Sky Mavis, and other well-known projects.
Sparkle Ventures is the seventh fund in LBank Labs' FOF strategic investment and plans to continue expanding FOF investments in the coming months to strengthen coordination and network effects between investment portfolios.
Regulation
According to The Block, the UK Financial Conduct Authority (FCA) has announced that from October 8th, cryptocurrency service advertisers will face stricter regulations in the UK. This includes introducing a "cooling-off period" for first-time investors, as well as regulations requiring cryptocurrency companies to cancel incentive measures such as "referral bonuses to friends". The FCA stated that these stricter regulations aim to help investors understand the risks involved in cryptocurrency investments.
According to CoinDesk, the US government opposes the customer fund return plan proposed by bankrupt cryptocurrency exchange Bittrex, citing reasons such as the Critical Vendor Standard not supporting the plan. Implementing the plan without paying suppliers would cause them to stop providing operations and services to the debtor, leading to the collapse of the debtor's business and making restructuring impossible. The motion is immature in resolving disputed claims and issues. It inappropriately attempts to exclude creditors from the plan, and determining the relationship or classification issues at this time is inappropriate.
The hearing related to Bittrex will be held on June 14, 2023.
Previously, Bittrex sought court permission to allow customers to withdraw their assets without paying litigation fees or delaying litigation after being sued by the SEC.
According to Bloomberg, South Korean prosecutors are attempting to freeze $13 million held by a Swiss bank that is related to Do Kwon, co-founder of Terraform Labs. Do Kwon has reportedly transferred tens of millions of dollars out of entities related to the Terra project since late March. Dan Sunghan, the head of the financial crimes investigation bureau at the Southern Seoul District Court, stated in an interview that cryptocurrency worth $29 million is likely to have been transferred by Do Kwon himself or under his direction.
Circle hires former CFTC Chairman Heath Tarbert as Chief Legal Officer
Stablecoin USDC issuer Circle announced the appointment of former CFTC (Commodity Futures Trading Commission) Chairman Heath Tarbert as Chief Legal Officer.
Circle founder Jeremy Allaire said that Heath Tarbert will use his legal acumen and global regulatory experience to help Circle enhance the practical value of USDC.
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