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Web3 Daily | MakerDAO's lending protocol Spark Protocol to expand to multiple chains; LBank Labs sets up $10 million MEME special fund.
Summarized by AI
Top News:
1. MakerDAO: Its lending protocol, Spark Protocol, will expand to multiple chains.
2. LBank Labs has established a $10 million MEME special fund;
3. Nanhua Securities obtains the virtual asset service license from the Hong Kong Securities and Futures Commission;
4. Two 17-year-old Canadian teenagers were arrested and charged with stealing $4.2 million worth of cryptocurrency.
5. Tencent News' "Qian Wang" reported that Binance had previously communicated with Hong Kong regulatory authorities;
Project Updates
MakerDAO: Spark Protocol, a lending protocol under MakerDAO, will expand to multiple chains
MakerDAO announced that its lending protocol, Spark Protocol, will expand to multiple chains and has released the steps and process for those interested in deploying Spark Protocol in specific domains (various blockchain networks). To deploy Spark Protocol in a new domain, one must first create a post on the Maker forum under the SubDAO TWO category (providing background information, technical information, collateral information, liquidity information, etc.). Phoenix Labs will evaluate the submitted proposals and provide MakerDAO with suggestions on the new domains and collateral information to be included. Block Analitica will perform collateral evaluations and suggest risk parameters for the collateral in Spark in the new domain.Memeland: Fake MEMECOIN appears on OpenSea, feedback has been given to the platform
The NFT project Memeland has officially stated that "fake MEMECOINs have appeared on OpenSea. The team has contacted the OpenSea platform regarding this issue. The team reminds users not to participate in minting and can report to the platform. Listing fake MEMECOINs may be a bug on the OpenSea platform."
The cross-chain interoperability protocol LayerZero has officially stated that "CEO Bryan Pellegrino's Twitter account has been hacked. Please do not click on any suspicious links or participate in any suspicious activities. If anyone can contact Twitter, please contact us."
Aave community votes on proposal to convert 1600 ETH in treasury to wstETH and rETH for increased yieldAccording to information on the Aave governance website, the Aave community is currently voting on a proposal to "convert 1600 ETH from the treasury into wstETH and rETH to increase yield." It is reported that the proposal was put forward because the deposit yield of awETH in Aave v2 is 1.69%, while wstETH is 3.8% and rETH is 3.13%. The vote will end at 16:22 on July 7th and has already received over 250,000 votes in support.
Waves founder Sasha Ivanov announced on his social media platform that the XTN buyback will begin tomorrow. According to Feature 19, 2 WAVES from each block reward will be allocated to the XTN buyback, while another 2 WAVES will be used for Waves DAO. Sasha stated that the buyback and destruction of XTN can achieve exponential functionality for the ecosystem. This process will allow XTN holders to sell positions and recover funds.
BlockBeats previously reported that Sasha Ivanov, the founder of Waves, stated on June 30th that Feature 19 has been launched and the XTN buyback activity will begin within a week.
Through Polkastarter (POLS) on BNB Smart Chain; through Alchemy Pay (ACH) on BNB Smart Chain; through Beefy.Finance (BIFI) on Fantom Network; through SuperVerse (SUPER) on BNB Smart Chain; through Travala (AVA) on Ethereum Network; through Spell Token (SPELL) on Avalanche C-Chain; through Alpaca Finance (ALPACA) on Fantom Network; through Harvest Finance (FARM) on BNB Smart Chain. Due to recent developments with the Multichain (MULTI) protocol, Binance has temporarily suspended the deposit service for multiple Multichain cross-chain bridge tokens as of May 24th.
Orbiter Finance has released a compensation plan for the Discord attack on June 1st.
According to official sources, Orbiter Finance has released a compensation plan for the attack on Discord on June 1st. The compensation plan is divided into three levels based on the amount of user losses, with Orbiter Finance fully compensating losses of $1,000 or less. Users can apply for compensation starting from 2:30 pm on July 5th, with a 48-hour application window.
BlockBeats previously reported that Orbiter Finance's official Discord was hacked on June 1st, and the hacker, who obtained administrator privileges, had posted a false phishing website link.
Exploration Unleashed: Web3 and RWAs event will be held in Hong Kong this Friday.
Exploration Unleashed: Web3 and RWAs event will be held on July 7th at 535 Jaffe Road, Wan Chai, Hong Kong. The conference is organized by BG Trade and co-hosted by Cross Space and BlockNews. It is the first industry closed-door meeting in the RWA field in Hong Kong in 2023. The conference has received sponsorship and support from more than 30 well-known institutions, media, and project parties.
The conference invited the President of the Asian Blockchain Society, Zhichuan Cai, Founder of CrossSpace, Leon, Dr. Yu from Uweb, Terry Chan, the Web3 Group Leader of InvestHK (Hong Kong Special Administrative Region Government Investment Promotion Agency), Wang Yi, the Director of Quantitative Investment Team of Southern Dongying, Allen Feng, the CEO of BC Capital Group, Jaden Chan, the Investor & BD Lead of Flow Traders, Sizhe Ren from 0xU (Hong Kong University Blockchain Association), Jakob, the Co-founder of Clearpool, Jerry, the CEO of Singular DAO, Rebecca Lee, the Co-founder of DA AGE, and Bymind, the Co-founder of Port3 Network, attended or shared content. Nauman Ali, the CEO of BG Trade, will attend the conference to share solutions that combine blockchain technology, smart contracts, and real-world assets (RWA).
CopycatDex ecosystem native token DINO will launch IDO at 23:00 today
According to official sources, CopycatDex's ecosystem mother currency DINO will launch its IDO at 23:00 (UTC+8) on July 5th in Hong Kong time. Copycat Dex is the first decentralized copycat trading and copycat mining platform based on Copycat Finance on the Ethereum network. It aims to become a liquidity service platform based on AI strategy trading and digital assets, supporting zero-slippage trading for spot and contract trading to ensure users have a fast and convenient trading experience. The total amount of DINO Launchpad this time is 700,000, with an exchange rate of 1 DINO = 0.5 USDT. BlockBeats previously reported that in November 2021, Copycat Finance was selected for the third season of the Binance Labs incubation project list.Bitget Launchpad project Typelt enters investment phase
According to official sources, Bitget Launchpad project Typelt has entered the investment phase, and the investment channel will be closed at 13:00 today Beijing time. Participating users need to enter the Launchpad page and click on the investment. The current Launchpad page has displayed the maximum amount of BGB that each person can subscribe to. TYPE/USDT spot trading will be launched on Bitget at 20:00 today Beijing time.Viewpoint
Tencent News "Qian Wang": Binance once communicated with Hong Kong regulatory authorities
According to Tencent News' "Qian Wang" report, over the past few months, most of the top Chinese-backed cryptocurrency companies have been seeking to connect with regulatory agencies in Hong Kong, including Cobo from Shen Yu and Binance from CZ. The report also stated that the cost of applying for a cryptocurrency trading platform license in Hong Kong is at least HKD 100 million, with the majority of the cost being related to system technology, in addition to management personnel costs. However, this is only a ticket to apply for a trading platform license in Hong Kong.
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MAV increased by over 29% in 24 hours, Maverick Protocol FDV returns to $1 billionAccording to market data, MAV (Maverick Protocol) briefly touched $0.56 and is now trading at $0.5512, with a 24-hour increase of 29.15%. The fully diluted valuation (FDV) of the project has returned to $1 billion.
DeFi investment management platform Cobo Argus TVL exceeded $100 million within one week of launch
Cobo has launched its institutional-grade DeFi investment management platform, Cobo Argus, and within a week of its launch, the TVL has exceeded $100 million. Prior to this, Cobo had released the institutional-grade DeFi investment management platform, Cobo Argus V2 version, which has been optimized for functions such as DeFi strategy robots, team role authorization, and risk management. (CoinDesk)
韩媒：Do Kwon 持有的 LFG 钱包于 7 月 3 日将 5292 枚 BTC 转至新地址
Translation:Korean media: Do Kwon transferred 5292 BTC from the LFG wallet he holds to a new address on July 3rd
According to the Korean encryption media DigitalAsset, on July 3 at 10:19 Beijing time, the Luna Foundation Guard (LFG) wallet address held by Do Kwon, CEO of Terraform Labs, transferred all 5292 BTC (approximately USD 163 million) to a new anonymous wallet address.Nansen: BAYC on-chain royalties have exceeded $58 million, Azuki royalties have exceeded $43 millionAccording to the NFT God Mode dashboard data from Nansen, the on-chain royalties of BAYC on Ethereum currently exceed $58 million, while Otherdeed for Otherside's on-chain royalties exceed $52 million, Azuki's on-chain royalties exceed $43 million, and Pudgy Penguins' on-chain royalties exceed $7.2 million.
Data: Upbit's STORJ-KRW trading pair has a 24-hour trading volume of about 5 times that of BTC
According to Coingecko data, the 24-hour trading volume of the STORJ/KRW trading pair on Upbit reached $380 million, ranking first, while the trading volume of the BTC/KRW trading pair during the same period was $79.29 million. Earlier, it was reported that the token STORJ of the decentralized cloud storage platform Storj project rose today, once breaking through $0.55 and now trading at $0.518, with a 24-hour increase of 47.09%.派盾：Flare Token attacker has transferred 56,200 BNB to Tornado Cash
According to Paidu Shield's monitoring, the Flare Token attacker has transferred 56,200 BNB (approximately $13.95 million) to Tornado Cash. In November 2022, the Flare Token attacker extracted approximately 3.98 billion Flare from an address starting with 0xf99c and traded it for other currencies. The attacker then attempted to launder these funds into mixing services and CEX through chain-hopping.In the past 24 hours, the top three traded coins on Uniswap V2 were DOGE2.0, PEPE2.0, and FLOKI2.0.
According to the "Public Chain Portrait" on-chain data dashboard of Bitget Research Institute, the top three coins with the highest transaction volume in the past 24 hours on ETH Uniswap V2 are DOGE2.0, PEPE2.0, and FLOKI2.0.Data: Starknet bridges storage TVL exceeding 100,000 ETH
According to Dune Analytics data, the total value of storage for the Ethereum Layer2 scaling solution Starknet's cross-chain bridge has exceeded 100,000 ETH, currently at 100,063 ETH (approximately $193 million USD), with 535,013 user addresses participating in the bridging process.Funding
Web3 data intelligence company Web3Go completes $4 million financing, led by Binance Labs
Blockchain startup Web3Go has completed a $4 million seed round of financing. Binance Labs led the investment, with participation from HashKey Capital, NGC Ventures, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital.
Web3Go has launched its Data Intelligence Network (DIN) service and opened registration on July 5th. The service is based on Crypto's AI-native digital asset rights solution and relies on AI and big data infrastructure. It allows users to create various types of AI-native digital assets using on-chain and off-chain datasets, knowledge bases, and artificial intelligence. These digital assets include not only transaction information flows, trading strategies, and trading assistant robots, but also entertainment, education, and social intelligent assistants. At the same time, the network uses blockchain to ensure the rights of AI-native digital assets.
According to Globe Newswire, Bequest Finance, a fintech company aimed at simplifying the transfer of digital assets in trusts and estates, has completed a $2.75 million financing round led by Nyca Partners and supported by Mark Cuban and other fintech companies. Bequest reportedly provides an innovative non-custodial digital asset management solution to simplify the transfer of digital assets in trusts and estates without the need for legal professionals to safeguard clients' assets or handle private keys.
LBank Labs has established a $10 million MEME special fund.
According to Bitcoin.com, LBank Labs has announced the establishment of a $10 million MEME special fund to encourage high-quality early-stage innovative MEME projects. The fund allocation will be directly donated to eligible project teams based on project quality and influence. LBank Labs will establish a leaderboard and regularly publish a list of award winners to highlight project achievements and contributions. The fund distribution is expected to be completed next year, and the first list of donations will be announced in early July.
Regulation
According to CBC, two 17-year-old teenagers from Hamilton, Canada were arrested and charged with stealing $4.2 million worth of cryptocurrency. The two defendants used the aliases "Felon" and "Gaze" to impersonate Coinbase Support and carried out a "phishing attack" to take over the cryptocurrency investment portfolio of a US user worth $4.2 million. The police said that some of the money was used to purchase social media usernames, and the two teenagers owned more than $13.4 million worth of cryptocurrency.
Bloomberg: ASIC of Australia conducted a search on Binance's Australian office this Tuesday
According to Bloomberg, the Australian Securities and Investments Commission (ASIC) conducted a search of Binance's Australian office this Tuesday to continue its investigation into the platform's now-cancelled local derivatives business. BlockBeats previously reported that ASIC cancelled Binance Australia's derivatives business license in April of this year, and as of April 14th, Binance Australia customers were unable to increase their derivative positions or open new positions with Binance.
南华证券获香港证监会虚拟资产服务牌照 Translation:
According to Economic Information Daily, Nanhuafinancial Group announced that its subsidiary, Nanhua Securities, has become one of the first financial institutions to receive a license from the Hong Kong Securities and Futures Commission after the implementation of the virtual asset service provider system. On March 17th of this year, Nanhua Securities was approved by the Hong Kong Securities and Futures Commission as an introducing agent for virtual asset trading platforms. With this approval, professional investor clients can be referred by Nanhua Securities to conduct virtual asset trading on the platform.
According to CoinDesk, the UK's Economic Crime and Corporate Transparency Bill has recently been passed in the House of Lords, allowing law enforcement agencies to seize and freeze cryptocurrencies used for criminal purposes. The bill is one step closer to becoming law. Although the House of Lords did not make any changes to the cryptocurrency aspect of the bill, modifications were made during the previous deliberations to ensure that the measures apply to terrorism cases and added measures to assist law enforcement agencies in identifying the assets of cryptocurrencies related to crimes.
In addition, an amendment has been added to ensure that courts can require law enforcement agencies to seize and freeze cryptocurrencies used for criminal purposes. The approval of the upper house means that the bill will return to the lower house for final stage deliberations before it can become law. Once both houses reach a consensus on the bill, the King will need to sign it into law.
According to DL News, a court in California, USA, ruled that the cryptocurrency trading platform Kraken must submit detailed information of users who conducted cryptocurrency transactions worth $20,000 or more between 2016 and 2020 to the US Internal Revenue Service (IRS), including names, addresses, phone numbers, and transaction details.
Kraken stated that the IRS initially requested more information, such as IP addresses, employment information, sources of wealth, net worth, and bank details, but the judge blocked this request, stating that it exceeded the necessary scope. A Kraken spokesperson stated that if this information is leaked by the IRS, customers will face identity theft and other harm, and Kraken has prevented this from happening.
According to CoinPost, the Japanese Ministry of Internal Affairs and Communications is soliciting public opinions on the draft report of the "Research Group on the Application of Metaverse and Other Technologies for Web3 Era", which aims to clarify information and communication management issues related to the application of metaverse in the Web3 era. The public consultation period is from June 17th to July 9th, and the final report will be compiled based on the results.
In addition, the Ministry of Internal Affairs and Communications and other government agencies will take necessary measures to address the policy issues summarized in this report, improve the convenience of Japanese metaverse users, and expand the use cases of virtual space.
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