Compilation: Mia, ChainCatcher
"What important events have happened in the past 24 hours?"
1. The dYdX community has voted to approve the proposal "V4 adopts and DYDX token migrates to dYdX chain"
ChainCatcher News, according to the Snapshot page, the dYdX community has voted to approve the proposal "V4 adopts and DYDX token migrates to dYdX chain."
The proposal was initiated by the crypto market maker Wintermute to the dYdX community. After the proposal is approved, the dYdX community will adopt the dYdX v4 open-source software as the next version of the dYdX protocol; and adopt DYDX as the L1 token of the dYdX chain. (Source link)
2. Arbitrum community plans to allocate 75 million ARB rewards to active protocols, voting to begin on September 8
ChainCatcher News, the Arbitrum incentive working group has submitted the "Arbitrum's short-term incentive program" AIP proposal on the community forum. The proposal aims to allocate a maximum of 75 million ARB rewards from the DAO treasury to active Arbitrum protocols to meet short-term community needs. The proposal consists of two parts: financial proposal and application process. The financial proposal includes allocating 75 million ARB to the multisig address of the program, with an additional 37,000 ARB for community/project promotion operational budget.
The program will undergo two rounds of voting, with the first round on September 8. The first cycle will run from September 15 to October 6, involving on-chain voting, application, review, voting, and fund allocation. The second cycle will run from October 6 to October 27, involving application, review, voting, and fund allocation.
Projects applying for the funds cannot convert ARB to other assets, must outline expenditure plans, provide forms and specify grant objectives, and must commit to providing key metrics data such as allocation, all ARB expenditure transactions, daily TVL, transactions, trading volume, unique addresses, transaction fees, etc. Each project can only receive one reward, and the Arbitrum working group offers four categories of grant evaluation, including Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants. (Source link)
3. ZA Bank: 60 to 70 Web3 companies have opened operating accounts, with 20 to 30 under approval
ChainCatcher News, according to the Hong Kong Economic Journal, Yao Wensong, CEO of ZA Bank in Hong Kong, stated that ZA Bank expects to launch US stock products this year, with Hong Kong stock investment products also in the plans, and actively developing Web3 business to achieve a balanced income and expenditure as soon as possible.
The bank, on behalf of the acting CEO Xian Diyun, stated that there are currently 60 to 70 Web3 companies that have opened operating accounts, with 20 to 30 under approval. These operating accounts cannot handle customer assets, but can be used for expenses, rent, utilities, handling company capital, etc., to facilitate the establishment of teams in Hong Kong, hiring business and risk department employees, and applying for SFC licenses. Another account is a settlement account, which can handle customer assets and will be temporarily closed at the beginning.
When a company is "principally approved" for a license, more anti-money laundering (AML) information will be required, and the settlement account will be opened for testing deposits and withdrawals. When a company obtains a formal license, the account will be officially opened, and ZA Bank will become the settlement bank for licensed exchanges, providing fiat currency settlement services. Currently, the licensed platforms HashKey and OSL in Hong Kong are also its clients. (Source link)
4. London Stock Exchange aims to launch the first digital market next year, has developed a blockchain-based digital asset business plan
ChainCatcher News, according to the Financial Times, the London Stock Exchange has developed a new digital market business plan, which will be the first major exchange to offer widespread trading of traditional financial assets on blockchain technology.
Murray Roos, head of capital markets at the London Stock Exchange, stated that they have been researching the potential of blockchain-driven trading venues for about a year, and now they have reached a "tipping point" to push forward with the plan, hoping to use technology that supports popular tokens like Bitcoin to improve the efficiency of buying, selling, and holding traditional assets. Roos stated that if the plan is successful, the London Stock Exchange will be the first major securities exchange to offer investors an "end-to-end" blockchain-driven ecosystem.
In addition, the London Stock Exchange is considering establishing a separate legal entity for its digital market business, hoping to launch and operate the first market within the next year with regulatory approval. The London Stock Exchange has been in negotiations with regulatory authorities in multiple jurisdictions, as well as the UK government and treasury, with the ultimate goal of establishing a global platform. (Source link)
5. Data: A multisig address has accumulated 32,820 RPL tokens at an average price of $22.4 per token
ChainCatcher News, according to Lookonchain monitoring, an anonymous multisig wallet address has spent 450 ETH (approximately $735,000) in the past 8 hours, accumulating 32,820 RPL tokens at an average price of $22.4 per token. (Source link)
6. Bernstein: Spot Bitcoin ETF expected to be approved between mid-October and mid-March next year, crypto ETFs to expand to multiple digital assets
ChainCatcher News, according to the latest report from the analysis firm Bernstein, its analysts believe that the opportunity for crypto ETFs will not be limited to Bitcoin (BTC) alone, but will expand to multiple crypto assets.
The report states that the crypto industry is expected to launch the first spot Bitcoin ETF at some point between mid-October and mid-March next year, and approve all spot ETF applications, including Grayscale. Given that ETH also has a market structure similar to the CME futures market and spot market, the first Ethereum (ETH) spot ETF may be launched shortly after the Bitcoin ETF.
Analysts state that the asset management industry expects ETH to not be limited to BTC and ETH alone, but to expand to include other top blockchain areas such as Solana and Polygon, and even leading decentralized finance (DeFi) asset ETFs. This represents a significant business opportunity for the asset management industry, generating substantial fee income in emerging asset categories. (Source link)
"What are some exciting articles worth reading in the past 24 hours?"
1. "Why the Emergence of Blockchain is So Important in the History of the Internet?"
The founder of a16z crypto and general partner Chris Dixon shares insights on the history of the internet, protocol networks, enterprise networks, and the potential unleashed by truly open-source, decentralized networks.
This weekend, some retail investors and market makers have just experienced a "war." On the Korean exchange Upbit, the price of Cyber was pushed to $37, with a premium rate of 167%. On the Binance platform, CYBER is currently trading at $13.8. CyberConnect released an emergency proposal [CP-1] to unlock 10.88 million CYBER tokens, equivalent to $300 million, a staggering amount. Amid the community's shock, the official statement claimed a data editing error, and the actual unlocked amount was 1.08 million tokens.
Last night, a KOL in the crypto community shared his painful experience, resonating with many, as the astonishing rise in Cyber's price led to his significant losses. BlockBeats has compiled the events and the market maker logic reflected and represented by DWF behind CYBER.
3. "Where Do Industry Professionals Go When They Leave the Crypto Industry?"
In the crypto world, people come and go. Have you ever wondered where people go when they leave the crypto industry?
With this question in mind, interviews with numerous former industry professionals revealed various answers: studying abroad, getting married and having children, lying low, starting AI businesses, selling insurance, technology agriculture, and more.
Leaving does not necessarily mean not holding crypto assets, but rather not working in the crypto industry. Some have earned enough to retire and lie low; some have left due to the bear market; some are still unemployed.
As the gears of the crypto cycle begin to turn, everyone is swept along involuntarily.
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。
