Headlines
Fox Reporter: ETF Approval Rumor Denied, Application Still Under Review
Fox reporter Eleanor Terrett stated on social media that BlackRock has just confirmed to her that Cointelegraph's exclusive report "US SEC Approves BlackRock's iShares Bitcoin Spot ETF" is false, and their application is still under review.
US SEC: Be Cautious of Internet Information, SEC Official Source of Best Information
The US SEC posted on X platform: "Be cautious of internet information. The best source of information about the SEC is the official SEC." Earlier, Fox reporter Eleanor Terrett stated on X platform that the SEC had confirmed that "BlackRock's iShares Bitcoin spot ETF has been approved" as false news.
The US government seized approximately 200,000 bitcoins worth over $5 billion from cybercriminals and dark web markets. These bitcoins are mainly stored offline in hardware wallets and are controlled by the Department of Justice, the IRS, or other agencies. According to analysis of public documents by the crypto company 21.co, the US government has acquired over 200,000 bitcoins in its most recent three seizures, and even though about 20,000 bitcoins have been sold, the value of its holdings still exceeds $5 billion. It is reported that the legal process from seizing illegal bitcoins to receiving the final order to liquidate them may take several years.
Industry News
SBF Applies to Increase Dosage of Adderall During Trial to Ensure Testimony Ability
SBF lawyer Mark Cohen wrote to Judge Kaplan stating that SBF had not been taking Adderall as prescribed during the trial in the past two weeks, fearing that SBF's attention may not reach normal levels and pointing out that this may affect SBF's ability to testify. Note: According to guidance documents provided by the FDA, Adderall and similar drugs are central nervous system stimulants used primarily for the treatment of attention-deficit hyperactivity disorder (ADHD). Earlier in August, SBF's psychiatrist wrote to Judge Lewis Kaplan, stating that SBF has a history of depression and attention-deficit/hyperactivity disorder.
FTX Stakes SOL and ETH Worth Over $150 Million, Expected Annualized Earnings Exceed $9 Million
On-chain data shows that FTX has staked over 5.5 million SOL (worth approximately $122 million) and over 24,000 ETH (worth approximately $30 million). The SOL is staked through Figment, with an expected annualized return of 6.79% (equivalent to over $8 million worth of SOL); the Ethereum is not directly staked on the network through any protocol, with an expected annualized return of 3.4% (equivalent to $1 million worth of ETH).
Upbit Singapore Provisionally Approved for MPI License by Monetary Authority of Singapore
Upbit Singapore announced that it has been provisionally approved for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to continue providing digital payment token services to institutional investors while awaiting full approval. It is reported that in October alone, the Singapore entities of Coinbase, Ripple, and Sygnum Bank all received MAS approval, bringing the total number of digital payment token service companies licensed by MAS to 15.
Billy Wen, founder of Negentropy Capital, revealed on X platform that his fund was extorted by a so-called "rights protection group" of a Web3 project in which they had previously invested. The case was reported to the Longgang Police in Shenzhen and has been filed. The suspect, a 24-year-old named Wu, is suspected of extorting over 50,000 USDT (equivalent to over 300,000 RMB). The suspect has been arrested and confessed, and the case is expected to be tried soon. During the investigation, the suspect Wu revealed that he was incited by a Twitter influencer named BitRun and provided false rights protection materials to carry out extortion. Meanwhile, the Longgang Police have launched a separate investigation into BitRun for inciting Wu to commit fraud. As BitRun has left the country and has been active abroad for a long time, detailed information about his life and work, including bank account, home address, and contact information, is being sought. If the provided clues effectively assist the police investigation, a reward of 100,000 RMB will be provided. In addition, Billy Wen stated that his fund plans to donate 500,000 RMB to establish a Web3 builders legal aid center.
Over 51.22 Million BLUR Monthly Unlocked Tokens Transferred to Coinbase Prime
According to on-chain analyst Yu Jin, the unlocked tokens for the January period of BLUR were transferred out 4 hours ago. 51,220,870 BLUR tokens (approximately $8.56 million) were transferred from the unlocking contract to the 0x0A0 multi-signature address, and then transferred to Coinbase Prime.
Wintermute Receives 21.58 Million ARKM from Arkham Team, Deposits 1.5 Million ARKM into Binance
According to The Data Nerd, Wintermute received 21.58 million ARKM tokens (approximately $7.34 million) from the Arkham team, and subsequently deposited 1.5 million ARKM into Binance.
According to Spot On Chain, an address belonging to a whale (starting with 0x88e) transferred the remaining 4,404 ETH at an average price of $1,585 to Binance ($6.98 million) 10 minutes ago. On June 23, 2020, the whale accumulated 11,904 ETH (worth $2.894 million) at an average price of $243.1 from Bitfinex. Over the past 3 days, the whale has transferred its entire holding of 11,904 ETH (worth $18.58 million) to Binance at an average price of $1,561, with an expected profit of $15.8 million (542%) in ETH.
Meitu Executive: Company No Longer Focusing on Buying Cryptocurrencies, May Sell at Appropriate Time
Meitu's Senior Investor Relations Manager Kang Yicong stated that the company's turnaround from loss to profit this year is largely attributed to its subscription model, which helps avoid significant revenue fluctuations due to macroeconomic changes. The recent trend of AI business has also been a growth driver for Meitu, not only contributing to the promotion of subscriptions but also expected to continue increasing profitability. As for the market's focus on cryptocurrency investments, she revealed that the company is no longer focusing on or buying such assets and may sell them at an appropriate time. The company has basically not made any further purchases of cryptocurrencies after 2021, as the previous purchases were made for strategic reasons, and no further operations have been conducted.
FTX Creditors Agree to Support Revised Restructuring Plan to be Submitted in December
FTX officially announced that after extensive discussions with the Special Committee for Non-US Customers, the Unsecured Creditors Committee, and the collective action plaintiffs, FTX creditors have reached a settlement on customer property disputes. If approved by the bankruptcy court, the settlement agreement will create a special "difference claim" to benefit customers, as proposed by FTX creditors in July, and facilitate offers to eligible customers for agreed amounts. All relevant creditor representatives have agreed to support the related revised restructuring plan to be submitted by December 16, 2023.
Project News
SlowMist Cosmos: friend.tech's Custom Tool FrenTechPro is a Phishing Scam
User @iamyourchaos on X platform stated that friend.tech's integrated custom tool FrenTechPro is likely a fraudulent project and provided several suspicious signs, including pinned tweets with no open comments and evidence of buying followers. In response, SlowMist founder Cosmos confirmed that it is indeed a phishing scam, and clicking "ACTIVATE NOW" on the webpage will continuously attempt to steal wallet-related assets. One of the phishing wallet addresses is: 0x0000d56b6e33cb711256ff3483ace599f17f0000.
Binance Completes 25th BNB Quarterly Burn, Destroying Approximately $453 Million Worth of BNB
According to official information, Binance has completed the 25th BNB quarterly burn, destroying a total of 2,139,182 BNB, worth approximately $453 million. It is reported that this burn is based on the BNB automatic burn mechanism, including an additional burn of 314.69 BNB as part of the BNB anti-black hole plan.
Uniswap to Charge a Fixed 0.15% Fee for 11 Tokens Traded Through Official Frontend
According to an official announcement, Uniswap Labs will start charging a 0.15% exchange fee for certain tokens, including: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD, when traded through the Uniswap Labs interface on the mainnet and L2. This fee is intended to sustainably fund Uniswap's operations.
y00ts: Cross-chain Bridge Back to Ethereum Launched, Users Exempt from First Day Gas Fees
NFT project y00ts announced on X platform that the cross-chain bridge for migrating y00ts from Polygon back to Ethereum has been launched. The team will cover all gas fees on the first day and randomly distribute 10 y00ts to wallet addresses that complete the cross-chain transfer within 24 hours. During the migration, cross-chain transactions will be verified on Polygon within seconds, but must first be verified on the Ethereum mainnet before minting the NFT.
RLB Deployer Address Buys 1.426 Million RLB, Still Holds 14.26 Million RLB in the Address
According to Spot On Chain, rollbot.eth (RLB deployer address) exchanged 123.89 ETH for 1.426 million RLB at an average price of $0.135 within the last 24 hours ($193,000). The address made its most recent RLB purchase 40 minutes ago, during which time the RLB price rose by over 10%. Currently, rollbot.eth holds 14.26 million RLB in the address (approximately $2.04 million) and holds 13.6 million RLB in a liquidity pool (approximately $1.95 million).
Web3 Social App Tip Coin to Launch TipChat on October 23
Web3 social app Tip Coin announced on X platform that TipChat will be launched on October 23 and will undergo a comprehensive audit before the launch.
The new Hook provided in the Uniswap V4 open-source directory has sparked controversy within the crypto community, as it allows for KYC checks on users before their transactions. A user on X platform pointed out that this opens up the possibility of DeFi protocols being whitelisted by regulatory authorities. Hooks are tools that allow developers to customize code without changing the main structure of the program. In Uniswap V4, this Hook will allow developers to use KYC verification in DeFi protocols.
Investment and Financing
OKX Ventures Announces Investment in Celestia Labs
According to official information, OKX Ventures announced today its participation in the B round financing of Celestia Labs, with the specific amount yet to be disclosed. Celestia is the first modular blockchain network. By separating consensus and application execution into separate chain layers, Celestia modularizes the blockchain technology stack and opens up new possibilities for DApp builders. Celestia is expected to launch later this year as the first blockchain network to use Data Availability Sampling (DAS). OKX Ventures founder Dora stated, "For scalability, the blockchain industry is moving towards modularity, which is today's trend. Celestia has chosen a modular approach completely different from Ethereum, giving developers greater customization capabilities, and may lead the blockchain infrastructure into a new era."
Squads Labs, the main developer of the Solana ecosystem's multi-signature management tool Squads, has completed a $5.7 million strategic financing round, led by Placeholder VC, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, and Helius Labs CEO Mert Mumtaz. Squads Labs co-founder Stepan Simkin revealed that this is a round of financing with token warrants but declined to comment on the valuation. To date, Squads Labs has raised a total of $12.5 million.
In response to the false news of "SEC Approves Bitcoin Spot ETF," OKX CEO Star commented, "Whether it's real news or fake news is not important. The key is, do you believe that Bitcoin will become a key asset in the global economy? If you believe, hold it; if you don't believe, just sell it."
On-chain information shows that the address of Huang Licheng bought a total of 8 art NFTs Winds of Yawanawa in the past two hours, spending a total of 117.77 ETH. According to Blur data, the floor price of the NFT is currently at 14.5 ETH, with a 24-hour increase of 70.79%.
Bloomberg ETF analyst James Seyffart posted on X platform, stating that the ProShares short Ethereum futures ETF (SETH) became effective on October 15, but will officially launch in a few weeks, expected to be in early November.
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