Headlines
SEC Delays Approval of Applications for at Least 3 Bitcoin Spot ETFs
Odaily Planet Daily News: The SEC will delay the approval of applications for 3 Bitcoin spot ETFs. The SEC believes that more time is needed to decide on the Bitcoin spot ETFs proposed by WisdomTree, Valkyrie, and Invesco, and the decision on the applications has been postponed to mid-October.
"The Commission believes that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and address the issues raised therein." In addition, the SEC did not specify the specific reasons for the delay. (Blockworks)
Elon Musk Denies X Platform Will Issue X Tokens for Creators
Odaily Planet Daily News: In response to the statement "X Platform may issue X tokens for creators" released by user X News Daily, Musk replied with a denial, "No."
Odaily Planet Daily News: Coinbase founder Brian Armstrong published a post revealing his top 10 promising crypto tracks, which are:
- Stablecoins (a better form of currency created through cryptocurrency, resistant to censorship and tracking consumer prices to maintain purchasing power or close to it);
- On-chain reputation;
- On-chain advertising;
- On-chain capital deployment;
- Labor market for the crypto space;
- Layer2 privacy;
- On-chain P2P exchange;
- Blockchain games;
- Tokenization of real-world assets (RWA);
- Software for launching and managing network status.
Grayscale CEO: Uncertain Whether to Resubmit Application for Bitcoin Spot ETF to SEC
Odaily Planet Daily News: Following Grayscale's victory in the lawsuit against the SEC, Grayscale CEO Michael Sonnenshein is uncertain whether the company needs to resubmit the application for a Bitcoin spot ETF to the SEC.
In an interview, Michael Sonnenshein stated, "We need to focus on the final order that the court will issue to clarify the final operating procedures. We cannot know the content of the final opinion until the relevant deadline (45 days after the ruling) ends."
Sonnenshein also stated that the SEC should no longer have reasons to prevent the launch of Bitcoin spot ETF products.
In addition, Bloomberg Intelligence analyst James Seyffart stated that it is unlikely for GBTC's negative premium rate to become zero before it formally converts to a Bitcoin spot ETF. "The narrowing of the negative premium rate indicates that the market today has more confidence in GBTC's conversion to an ETF than it did a few days ago, but still does not fully believe that GBTC can complete the conversion. Considering Gensler and the SEC's hostility towards cryptocurrencies, the market's view on this matter is not unreasonable." (Bloomberg)
Industry News
Insider: Binance Asia-Pacific Head Leon Foong Has Resigned
Odaily Planet Daily News: According to insiders, Binance Asia-Pacific Head Leon Foong has resigned and is set to leave Binance. It is reported that Leon Foong was responsible for Binance's expansion into markets such as South Korea, Thailand, and Japan.
A Binance spokesperson declined to comment on this, and Foong did not immediately respond to a request for comment. (Bloomberg)
Odaily Planet Daily News: According to an official announcement, due to Paxos ceasing the issuance of new BUSD tokens, Binance will gradually stop supporting BUSD. Binance will inform users of the affected services through announcements. The security of users' assets, BUSD will always be anchored to the US dollar at a 1:1 ratio.
The Binance platform will continue to support various stablecoins and other digital assets. The platform reminds users to convert their BUSD assets into other assets supported by the Binance platform before February 2024. Users can trade their BUSD assets for FDUSD with zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio with zero fees and no spread on the instant exchange platform.
Binance will gradually delist BUSD spot and margin trading pairs, and specific delisting information will be announced separately. Starting from 14:00 on September 7, 2023 (UTC+8), Binance will stop supporting borrowing BUSD on the cross and isolated margin platforms. Starting from 14:00 on October 19, 2023 (UTC+8), users of cross and unified accounts will no longer be able to transfer additional BUSD as margin to the cross margin wallet, but they can still transfer other tokens as margin.
Starting from 08:00 on September 7, 2023 (UTC+8), Binance will stop supporting the withdrawal of Binance-Peg BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron networks. Binance will continue to support deposits and withdrawals of BUSD (ERC-20) via Ethereum until further notice. Binance will continue to support deposits of Binance-Peg BUSD via BNB Chain, Avalanche, Polygon, and Tron networks until further notice.
Binance Labs Announces Launch of Web3 Investment Community ColLabs
Odaily Planet Daily News: Binance Labs announced the launch of the Web3 investment community ColLabs on X platform. ColLabs is an invite-only Web3 investment community for founders, builders, and investors, offering exclusive content and activities, opportunities for trading, sharing internal insights, accessing resources, and co-building projects.
HashKey Capital Launches Its First Secondary Crypto Asset Fund
Odaily Planet Daily News: HashKey Capital has launched its first secondary crypto asset fund, which will be operated by the investment department of Hashkey Group and mainly target high-net-worth individuals and affluent families in Asia. Its investment manager, Jupiter Zheng, stated that no more than 50% of the funds will be invested in BTC and ETH, and a certain allocation will be made to "altcoins." (Reuters)
HashKey Exchange to Launch Hong Kong Dollar Trading Pairs in the Coming Weeks
Odaily Planet Daily News: According to an official announcement, HashKey Exchange currently supports deposits and withdrawals in Hong Kong dollars (HKD) and users can use them for KYC deposit verification.
HashKey Exchange stated that it does not currently support trading pairs in Hong Kong dollars (HKD) and will launch Hong Kong dollar trading pairs in the coming weeks.
Odaily Planet Daily News: Fidelity's digital asset subsidiary released an Ethereum investment paper. The researchers who wrote the report stated that investors can view Ethereum as an "aspirational" form of currency, but "to become a widely accepted form of currency, it may face much more resistance than Bitcoin."
The report stated that there are uncertainties about future upgrades to Ethereum and the circulating token supply, leading to a series of obstacles for Ethereum's supply to "reliably align with the supply of other store-of-value assets."
The report pointed out, "No other digital asset seems likely to be better than Bitcoin, as Bitcoin is considered by some to be the safest, most decentralized, and most robust digital currency to date, and any 'improvements' would require trade-offs."
However, Fidelity believes that Ethereum's use of smart contracts unlocks new programmability, which is the "true differentiating factor" of Ethereum. In addition, Ethereum can generate income through staking.
Fidelity's ultimate conclusion is that the increase in activity on Ethereum does indeed drive demand for block space, thereby generating income for token holders; at the same time, there are still "complex, subtle" factors, including protocol and scaling upgrades, that create uncertainty about Ethereum's future for investors. (Blockworks)
Woori Bank, Samsung Securities, SK Securities Jointly Enter the Security Token Market
Odaily Planet Daily News: Woori Bank announced that it has signed a business agreement with Samsung Securities and SK Securities. The three companies have agreed to jointly explore business models for security tokens (ST), achieve system compliance, build infrastructure, jointly verify distributed ledgers, and establish a cooperative consulting firm, Finance 3.0 Partners. (Decenter)
Gitcoin Official X (Twitter) Suspected of Being Hacked, Posting Phishing Information
Odaily Planet Daily News: Gitcoin's official X (Twitter) account is suspected of being hacked and has posted phishing information. Odaily reminds users not to click on the links.
Arkham: Robinhood is the Fifth Largest Holder of ETH Wallets, Holding $25.4 Billion in ETH
Odaily Planet Daily News: Arkham has identified Robinhood as the owner of the fifth-largest ETH wallet, holding $25.4 billion worth of ETH. The wallet address is: 0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489.
Project News
Odaily Planet Daily News: The official governance page shows that the Cosmos community is voting on the "v12 software upgrade" proposal, with voting closing on September 8.
The Gaia v12 upgrade is a major release that includes the Liquid Staking Module and other core dependency updates. This version has undergone extensive testing, and operators can join the public test network for testing before the upgrade. In case of issues, validator coordination can be used to create and execute emergency plans.
Offchain Labs: Arbitrum Stylus Code Open-Sourced and Launched on Testnet
Odaily Planet Daily News: Offchain Labs announced on X platform that the Arbitrum Stylus code has been open-sourced and launched on the testnet.
Stylus allows developers to use traditional EVM tools with WASM-compatible languages to develop applications on Arbitrum, such as Rust, C, and C++, among others. By improving computational, storage, and memory efficiency, Stylus significantly reduces gas costs. With Stylus, developers can work on EVM use cases that were previously considered impractical, such as alternative signature schemes, C++-based games, and computationally intensive AI models.
Circle to Launch Native USDC on Optimism Next Week
Odaily Planet Daily News: According to official sources, Circle announced the upcoming launch of native USDC on Optimism next week. Prior to this, the Ethereum bridged USDC will be renamed to USDC.e for differentiation.
StarkWare Restores Fund Access for Users Not Upgraded to Starknet 0.12.1
Odaily Planet Daily News: StarkWare, the parent company of Starknet, announced on X platform that there was a significant version update on Starknet last week, namely 0.12.1. Several months ago, in preparation for this update, Starknet users were required to upgrade their accounts.
When 0.12.1 went live, accounts that were not upgraded temporarily lost access, and access has now been restored for all these accounts, totaling $550,000.
Upgrades are now re-enabled, allowing users to regain access to their accounts immediately. Due to technical reasons, users of Argent and Braavos may need to wait until tomorrow to regain access.
Lido Community Initiates New Proposal to Introduce wstETH into the Cosmos Ecosystem
Odaily Planet Daily News: Axelar and Hadron Labs have initiated a new proposal to introduce wstETH into the Cosmos ecosystem. The bridge deployment aims to eventually transfer ownership of the bridging mechanism to the Lido DAO's Aragon smart contract and prevent challenges that may arise from incompatible bridging with the Cosmos ecosystem.
Temperature Check Vote for "Deploy V2 on All Chains with Uniswap V3" Proposal Passed
Odaily Planet Daily News: The governance page shows that the temperature check vote for the "Deploy V2 on All Chains with Uniswap V3" proposal has passed.
According to the proposal, Uniswap stated that the only officially deployed Uniswap V2 exists on the Ethereum mainnet. There is demand for V2-like AMMs on other chains, with many forked modified versions. These forked versions may not be secure, and the liquidity from forks could have been aggregated into Uniswap V2. Additionally, V2 can provide better service for small trades, so the plan is to deploy V2 on all chains with Uniswap V3.
Yearn Community Votes to Reject Proposal for "Wintermute YFI Loan and CRV Plan"
Odaily Planet Daily News: The Yearn community has concluded the vote on the "Wintermute YFI Loan and CRV Plan" proposal YIP-74, with a final rejection rate of 94.17%.
Yearn Community Votes to Approve Proposal for "Launch V3"
Odaily Planet Daily News: The Yearn community has voted to approve the proposal YIP-75 for "Launch V3," with a final support rate of 83.47%.
The proposal suggests launching the complete V3 system, allowing anyone to deploy V3 vaults and strategies without permission.
Odaily Planet Daily News: DeFi liquidity protocol Balancer announced on X platform that a mitigation plan has been formulated to reduce the risk of a vulnerability, but it is unable to pause affected pools. Users are urged to immediately withdraw from affected LPs using the user interface (UI). Due to the vigilance and swift action of Balancer LPs, the majority of liquidity initially considered at risk has been withdrawn.
However, five days after the vulnerability disclosure (August 27), malicious actors still managed to exploit the vulnerability in some affected pools within the Balancer and Beethoven X protocols. The Balancer and Beethoven X communities are taking steps to thoroughly investigate the situation and are actively collaborating with relevant partners, legal teams, and security experts to address the issue.
User safety remains the highest priority, and if the UI does not prompt to exit a liquidity pool or allows users to enter a liquidity pool, the pool is considered safe and can be used securely.
The team is still gathering information about recent vulnerabilities, so the exact figures related to the losses cannot be disclosed at this time. During this period, the team will remain vigilant and will provide the community with the latest updates as the situation progresses.
Farcaster Launches V3 and Goes Live on OP Mainnet, Introduces Commemorative NFT
Odaily Planet Daily News: Farcaster co-founder Dan Romero announced on X platform that Farcaster has launched V3 and gone live on the OP Mainnet.
In addition, Farcaster has released an NFT on Zora to commemorate the launch of V3, allowing users to mint on Base.
ParaSpace and Parallel Finance Announce Merger and Brand Upgrade, Becoming Web3 Super App ParaX
Odaily Planet Daily News: According to official sources, ParaSpace and Parallel Finance will merge and undergo a brand upgrade, with ParaX positioned as a Web3 super app dedicated to becoming a multi-chain traffic gateway.
ParaX adopts an ERC-4337-based Account Abstraction (AA) model, zkVM, and a large language model for cross-domain intent, combined with a customizable UI, enabling users to conveniently participate in the Web3 ecosystem and interact with mainstream applications such as Uniswap, Blur, AAVE, and others in a one-stop manner, accelerating the mass adoption of Web3.
After the brand upgrade, ParaSpace and Parallel will continue to develop as two representative applications on the ParaX platform.
For Parallel Finance users, there is no need to operate original assets on Polkadot. For holders of Parallel tokens PARA and HKO, ParaX will conduct a future airdrop.
For ParaSpace users, a simple operation will be required to migrate assets to the ParaX platform, and loyal users will also receive future airdrops from ParaX.
Investment and Financing
Odaily Planet Daily News: The decentralized GPU resource network GPU.Net has completed a $500,000 financing, with investors including Momentum 6 and Alphablockz.
Additionally, the company has received support from NVIDIA and Taanga Studios, and plans to launch the GPU.Net testnet next month.
GPU.Net aims to meet the computational power needs of new technologies such as generative AI, Web3 metaverse, cryptocurrency mining, and high-end graphics rendering by providing decentralized GPU infrastructure. (Globe Newswire)
Global Policies
SEC Chairman Gary Gensler to Attend Two Congressional Hearings in September
Odaily Planet Daily News: Fox Business News reporter Eleanor Terrett stated on X that Gary Gensler, the chairman of the U.S. SEC, will attend two congressional hearings in September this year. The hearings are scheduled for September 12 at the U.S. Senate Banking Committee and September 27 at the House Financial Services Committee.
Previously, U.S. lawmakers, especially Republicans, have criticized and accused Gensler of a series of issues. Patrick McHenry, the chairman of the House Financial Services Committee, criticized Gensler for his aggressive approach to regulating digital assets, citing a lack of clear guidance on which digital assets fall under the SEC's jurisdiction. (CryptoSlate)
Personalities*Voices
Hashkey COO: Expects Only 5 to 8 Exchanges to Obtain Hong Kong Regulatory License
Odaily Planet Daily News: Livio Weng, Chief Operating Officer of HashKey Group, stated in an interview that Hashkey will not only go live in Hong Kong, but will also conduct compliant business in countries or regions other than China, the U.S., and restricted areas.
He also mentioned that it is expected that only 5-8 exchanges will ultimately succeed in obtaining a virtual asset exchange license in Hong Kong, with an estimated 80% of those applying for the license expected to withdraw.
Currently, Hashkey is working with Chainalysis to ensure the security and compliance of the cryptocurrency itself. In addition, Hashkey may be the first to launch ETFs within a compliant framework, especially spot ETFs, including providing underlying infrastructure for funds applying for ETFs in Hong Kong, a business that has already been initiated. (DeThings)
Odaily Planet Daily News: ConsenSys lawyer Bill Hughes stated on X that a judge in the Southern District of New York ruled on August 29 in a class action lawsuit against Uniswap, explicitly stating that Ethereum is a commodity, not a security. Hughes added that the ruling did not include an analysis, only a conclusion, but he believes it is still a fairly clear statement.
Furthermore, the judgment document also suggests that Wrapped BTC is a commodity, but does not explicitly state this.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
