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Daily Legal News: Ethereum network's gas fees surge may be due to Binance organizing its wallets; Mt. Gox extends repayment deadline to October 31, 2024.

2023-09-21 18:21
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Selected News:

1. The surge in Ethereum network gas fees may be due to Binance organizing its wallet;

2. Alchemy Pay has obtained a remittance license in Arkansas, USA;

3. Mt.Gox has extended the repayment deadline from October 31, 2023 to October 31, 2024;

4. DWF Labs deposited 2 million FET and 100 million JASMY to Binance;

5. Ethereum network gas fees have surged to 251 gwei.


Project Updates


The surge in Ethereum network gas fees may be due to Binance organizing its wallet.

According to Etherscan data, the gas fee on the Ethereum network had previously surged to 251 gwei. Binance 14 spent 223.29 ETH in the past 3 hours, ranking first on the Ethereum mainnet. The reason for the surge in gas fees may be due to Binance organizing their wallets.



Alchemy Pay has obtained a remittance license in Arkansas, USA.

According to Cointelegraph, cryptocurrency payment provider Alchemy Pay has obtained a remittance license in the state of Arkansas, USA. The license, granted by the Arkansas Securities Department, authorizes Alchemy Pay to operate services such as selling or issuing payment instruments, storing value, prepaid access, and transmitting currency, virtual currency, or monetary value.


Animoca Brands co-founder Yat Siu confirms attendance at "EDGE Summit" Hong Kong summit.

Animoca Brands co-founder Yat Siu has confirmed attendance at the "EDGE Summit" Hong Kong conference, co-hosted by BlockBeats.


Binance will add FTT/USDT and other USDT trading pairs, and remove FTT/BUSD and other BUSD trading pairs.

Binance announced the addition and removal of some spot trading pairs: Starting from 16:00 on September 22, 2023, Binance will list the ARK/USDT, CREAM/USDT, FTT/USDT, GFT/USDT, IQ/USDT, and USDT/VAI spot trading pairs; while starting from 11:00 on September 29, 2023, Binance will remove and discontinue the ARK/BUSD, CREAM/BUSD, FTT/BUSD, GFT/BUSD, IQ/BUSD, and BUSD/VAI spot trading pairs.


Mt.Gox has extended the repayment deadline from October 31, 2023 to October 31, 2024.

According to an official announcement, the cryptocurrency exchange platform Mt.Gox has announced a change in the repayment deadline. The deadline for basic repayment, early lump sum repayment, and midterm repayment, originally set for October 31, 2023, has been extended to October 31, 2024. Nevertheless, for creditors who have provided the necessary information to Mt.Gox, repayment is expected to begin sequentially at the end of this year. However, the specific repayment time has not yet been determined. Mt.Gox encourages creditors who have not yet provided the necessary information to do so as soon as possible in order to begin the repayment process. If you have any questions, creditors can check through the Mt.Gox online claims system.



Wormhole submits a proposal to migrate 100 million USDC to Arbitrum, seeking up to 2.5 million ARB support

The cross-chain protocol Wormhole has submitted a funding proposal to the Arbitrum community. The proposal aims to encourage users to mint native USDC on Arbitrum using Wormhole and its partner Circle's cross-chain transfer protocol (CCTP). Wormhole's goal is to attract 100 million USDC from other chains to Arbitrum within 12 weeks. To achieve this, Wormhole is requesting a maximum funding of 2,500,000 ARB to provide users with a maximum annualized return of 8%. The Wormhole team has stated that they are ready to create a Dune dashboard or publicly available equivalent for their incentive program based on project requirements.


Binance will adjust the leverage, margin ladder, and funding rate cap of the IMXUSDT U perpetual contract

According to the official announcement, Binance will update the IMXUSDT U perpetual contract leverage and margin ladder at 14:00 on September 21, 2023 Beijing time. Users' current positions will be affected. Please refer to the updated leverage and margin ladder to adjust the margin to avoid forced liquidation. The upper limit multiplier of the IMXUSDT U perpetual contract funding rate has been raised from 0.75 to 1.



friend.tech has launched a web version.

According to official sources, friend.tech has launched a web version, allowing users to access friend.tech through their browser.


MakerDAO increases RWA assets by another $191 million, with total RWA assets exceeding $2.9 billion

According to Makerburn data, MakerDAO has once again increased its RWA assets by $191 million in the past two days through Monetalis Clydesdale and BlockTower Andromeda. Of this, $97 million in RWA assets were added through Monetalis Clydesdale and $94 million in RWA assets were added through BlockTower Andromeda. In addition, the total RWA assets of the protocol currently exceed $2.9 billion.


The proposal by Huang Licheng to purchase Yuga assets with 11 million APE and issue DAM tokens has been approved

Snapshot governance interface shows that the proposal initiated by "Brother Maji" Huang Licheng to purchase Yuga assets with 11 million APE has been approved with a 64.92% approval rate. The community will use 11 million APE to purchase Yuga assets, including NFTs such as BAYC, MAYC, BAKC, and CryptoPunks, for exhibition and donation to art institutions to enhance the global dissemination of digital art. The APE distribution mechanism will be jointly determined with the APE Foundation. It is reported that ApeCoin DAO also plans to launch governance token DAM for selecting and managing NFT collections. 30% of DAM will be distributed to ApeCoin stakers within five years, and 70% will be allocated to the treasury, to be decided by token holders' vote.


VeChain Foundation launches decentralized self-custody wallet VeWorld mobile appAccording to an official announcement, the VeChain Foundation has launched a mobile version of its decentralized self-custody wallet, VeWorld, and added native NFT viewing functionality. As previously reported by BlockBeats, on February 21st, the VeChain Foundation launched the decentralized self-custody plugin wallet VeWorld based on the Chrome browser.


Phantom has launched the "Shortcuts" feature, allowing users to execute NFT staking, voting, and other operations with just one click.

According to official sources, the cryptocurrency wallet Phantom has launched a new feature called "Shortcuts", which allows users to directly access NFT project websites, social media, and chat groups, and perform operations such as staking, minting, chatting, and voting. External links will be added by the project team to ensure authenticity. Currently, Dialect, DRiP, Famous Fox Federation, Tensor, and Party have been integrated, and Claynosaurz, DeGods, The Heist, and DeGenerate Ape Academy will be added in the future.


Viewpoint


DefiLlama founder: friend.tech and forked versions store user keys in the front-end, which can easily lead to front-end attacks

DefiLlama founder 0xngmi stated on social media that "Currently, friend.tech and all forked versions store users' keys on the front end, so it is possible to steal users' keys or all funds through front-end updates. Some people may not store the complete key on the front end, but they have the key in the front-end memory, so they are vulnerable to supply attacks in any case."


Data


The gas fee on the Ethereum network has surged to 251 gwei.

According to Etherscan data, the current gas fee on the Ethereum network has surged to 251 gwei. [Original link]



A high-winning-rate band whale withdrew 5040 ETH, about $8.16 million, from Binance

According to on-chain analyst Yu Jin's monitoring, 10 minutes ago, a high-win-rate band whale withdrew 5040 ETH, about $8.16 million, from Binance. The whale has accumulated 42.3 million USDT into Binance since September 2nd and withdrew 24,548 ETH (about $40 million) from Binance, with an average price of $1631 per ETH.


DWF Labs deposited 2 million FET and 100 million JASMY to Binance

According to Scopescan, DWF Labs deposited 2 million FET and 100 million JASMY to Binance 8 minutes ago.


friend.tech "Keys" price ranking: founder Racer Key ranks first with 6.36ETH

friend.tech "Keys" price ranking latest data shows: · Platform founder Racer ranks first with 6.360 ETH; · Cryptocurrency KOL Vombatus ranks second with 6.162 ETH; · Cryptocurrency KOL Hsaka ranks third with 4.064 ETH; · Cryptocurrency KOL L ranks fourth with 3.752 ETH; · Cryptocurrency KOL Levi ranks fifth with 3.660 ETH.



Data: GSR transfers 2.85 million IMX to Binance, worth approximately $2.06 million

According to on-chain analyst Yu Jin's monitoring, 10 minutes ago, GSR Markets transferred 2.85 million IMX (approximately 2.06 million US dollars) to Binance.


Data: During the rise of IMX market today, 10.95 million IMX flowed into Upbit from multiple CEXs

According to on-chain analyst Yu Jin's monitoring, since the IMX price increase at 8:00 today, 10.95 million IMX (approximately $8.1 million) has flowed into Upbit from multiple CEXs such as Binance, OKX, Bybit, Cryptocom, and Gate. Starting at 8:00 today, the trading volume of IMX on Upbit surged, driving the IMX price from $0.56 to a high of $1, with a spot trading volume of over $80 million in two and a half hours.


Funding


Based on intent encryption infrastructure company Essential completed a $5.15 million seed round of financing, led by Maven11

According to The Block, Essential, a crypto infrastructure company focused on intent, has completed a $5.15 million seed round of financing, led by Maven11, with participation from Robot Ventures, Karatage, Batuhan Dasgin, Skip, James Prestwich, Brandon Curtis, Eclipse founder Neel Somani, and others. It is reported that Essential aims to reshape the cryptocurrency trading supply chain to reduce the value extraction of the "rent-seeking intermediary institutions" it describes, thereby benefiting users.


加密数据分析平台 CoinScan 完成 630 万美元融资,Tectona 等参投 Translation:

Cryptocurrency data analysis platform CoinScan completes $6.3 million financing, with participation from Tectona and othersAccording to CoinDesk, cryptocurrency data analysis platform CoinScan has completed a $6.3 million financing round with participation from Shalom Meckenzie, the largest individual shareholder of DraftKings (DKNG), Mor Weizer, CEO of Playtech (PTEC), and Tectona. CoinScan aims to provide data that helps cryptocurrency users reduce losses caused by vulnerabilities, hacks, and scams.


Regulation


Goldman Sachs has postponed its expectation for the first rate cut by the Federal Reserve from Q2 2024 to Q4 2024.

Goldman Sachs has postponed its expectation for the first rate cut by the Federal Reserve from the previously anticipated Q2 2024 to Q4 2024. (Jin10)


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