Today's Headlines:
Musk and Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
OpenAI and Anthropic Agree to Share Their Major New AI Models with the US Government Before Release
X Platform's New York Headquarters to Close on September 13, Expected to Relocate to Texas
Salvadoran President Bukele Featured on the Cover of the Latest Issue of "Time" Magazine
Stablecoin Payment Company Bridge Completes $58 Million Financing
Regulatory News
Macron Denies Inviting Durov to Visit France, Claims Ignorance of His Trip
Russia Warns France Not to Take Political Action in Telegram CEO Case
Trump: Ready to Announce Plan to Make the US the Global "Crypto Capital"
Musk and Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
Today's Headlines:
Musk and Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
Apple and Nvidia Discuss Joining OpenAI's New Round of Financing
Gnosis Chain Community Members Evaluate Gas Token Selection as MakerDAO Shifts to Sky
Justin Sun: Neither Myself nor SUN DAO Currently Engage in Any SUN Token Selling Activities
Regulatory News
Macron Denies Inviting Durov to Visit France, Claims Ignorance of His Trip
Russia Warns France Not to Take Political Action in Telegram CEO Case
Trump: Ready to Announce Plan to Make the US the Global "Crypto Capital"
Musk and Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
Earlier News: According to on-chain analyst @ai_9684xtpa, the price of SUN has dropped by 31.4% since the first batch of SUN associated addresses with Justin Sun/Tron Foundation started selling SUN.
X Platform's New York Headquarters to Close on September 13, Expected to Relocate to Texas: According to Caixin, in a brief notice to employees on Thursday, the social media platform "X" announced that its long-standing office and global headquarters in San Francisco will close in two weeks on Friday, September 13. The headquarters of X is expected to relocate to Texas, where other Musk companies such as Tesla, SpaceX, and Boring Co are also headquartered.
Cboe Submits Revised Bitcoin and Ethereum Spot ETF Options Listing Application: According to Cointelegraph, on August 28, the Chicago Board Options Exchange (Cboe Exchange) submitted revised applications to regulatory agencies for the listing of options for Bitcoin and Ethereum ETFs. The filings show that Cboe is seeking to list options for ETFs based on assets managed by companies such as Fidelity, 21Shares, Invesco, VanEck, Grayscale, Bitwise, BlackRock iShares, and Valkyrie. The proposed rule changes for Bitcoin and Ethereum options would classify cryptocurrency spot ETFs as "securities suitable for options trading," similar to commodity-based ETFs such as the Goldman Sachs Physical Gold ETF and iShares Silver Trust Fund. Earlier in August, the New York Stock Exchange and Nasdaq withdrew four Bitcoin options listing applications submitted to the U.S. Securities and Exchange Commission (SEC). On August 8, the Chicago Board Options Exchange withdrew an earlier application for a Bitcoin ETF options listing. Bloomberg expects Bitcoin spot options to be listed in the fourth quarter of this year.
Sony Blockchain Soneium Partners with Transak to Provide Global Fiat Currency Access Services: According to The Block, Sony's blockchain project Soneium has partnered with Transak to provide global fiat currency access services, offering users the option to join the ecosystem using traditional payment methods. The integration of Soneium and Transak may drive "wider adoption of blockchain technology within the gaming community," potentially creating new tokenization opportunities, allowing gamers to buy, transfer, and trade in-game assets and NFTs using traditional payment methods supported by Transak. Transak is a web3 payment infrastructure provider that announced in July to provide fiat currency access services for the Uniswap wallet. Earlier on August 23, Sony announced the launch of the Ethereum-based Layer-2 network "Soneium."
Upbit to List USDCoin (USDC): According to the official announcement, the South Korean cryptocurrency exchange Upbit will list the stablecoin USDCoin (USDC) on the KRW, BTC, and USDT markets, with trading support starting at 13:00 local time on August 30.
Coinbase International Exchange to List BB, CFX, and NEO Perpetual Contract Trading Pairs: According to the announcement from Coinbase International Exchange, Coinbase International Exchange and Coinbase Advanced will list perpetual contract trading pairs for BounceBit, Conflux, and Neo. The BB-PERP, CFX-PERP, and NEO-PERP markets are expected to start trading on September 5, 2024, at 9:30 UTC (17:30 Beijing time) or later. The related tokens include BB, CFX, and NEO.
El Salvador President Bukele Says "Bitcoin Has Not Achieved the Widespread Adoption We Hoped For": According to The Block, Salvadoran President Nayib Bukele passed a law making Bitcoin a legal tender in the Latin American country, and he stated that the currency experiment has had mixed results so far. In an interview with Time magazine, when asked if the monetization of Bitcoin has been "successful," Bukele said, "Bitcoin has not achieved the widespread adoption we hoped for. Many Salvadorans use it, and most large businesses in the country accept it. The positive side is that it is voluntary; we have never forced anyone to use it. We offer it as an option, and those who choose to use it have benefited from the rise in Bitcoin. I certainly hope it can be more widely adopted, but we have always been proud of being a free country, free in every way." Bukele pointed out that "those who saved in Bitcoin" are likely to have made a decent return, as the price of Bitcoin has returned to levels close to its all-time high. Bukele said, "I won't say it's the currency of the future, but this currency has a great future." He noted that Wall Street's footprint in the cryptocurrency industry is growing, and Bitcoin has become a campaign issue in the United States. Bukele stated that despite limited success in domestic adoption, Bitcoin has improved El Salvador's "brand image," attracted foreign investment, and led to a surge in tourism. Several Bitcoin companies have offices or headquarters in the country.
Earlier News: Salvadoran President Bukele becomes the cover figure of the latest issue of Time magazine.
SlowMist Warning: New Phishing Method Targeting Cryptocurrency Practitioners' iCloud Accounts: SlowMist Technology's Chief Information Security Officer 23pds warned on X platform to be cautious of a new phishing method targeting cryptocurrency practitioners' iCloud accounts. They have just received intelligence about attacks targeting cryptocurrency practitioners, where phishers use 'Your iPhone ID has an error, please go to XXX (a website link) before August 30 to enable two-factor authentication, otherwise it will be disabled.' as a pretext to deceive users into providing their iCloud accounts, and subsequently recover accounts or keys, and steal user assets.
Witness Chain's Discord Server Hacked, Do Not Click on Related Links: According to PeckShieldAlert, Witness Chain's Discord server has been hacked, and currently, no one should click on any links posted within the server. The project team is working to restore the security of the server.
Funding News
According to The Block, Web3 payment company Bridge, founded by former Coinbase and Square employees, has completed a $58 million financing round with investments from Sequoia Capital, Ribbit, Index, and Haun Ventures. Bridge is building a stablecoin-based payment platform that offers cross-border payments and foreign currency exchange services. It has partnered with Bitso to launch stablecoin-based B2B cross-border payments in Latin America. Data from The Block shows that as of August 28, the total supply of stablecoins reached 176.6 million, with Tether's USDT accounting for 70.7% and Circle's USDC accounting for 20.6%.
According to The Block, Edge Matrix Chain (EMC), a multi-chain infrastructure project incubated by Future3 Campus, has completed a $20 million financing round led by Polygon Ventures and Amber Group, with participation from investors including One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, and Hameem Raees Chowdhury. EMC plans to use the new financing to launch its Layer 1 blockchain focused on artificial intelligence applications, supporting GPU computing for encrypted AI projects, and introducing decentralized financial assets supported by actual GPU resources. Additionally, EMC launched a two-month public testnet incentive program on August 17 (users can earn EMC tokens by participating in the testnet), planning to allocate $5 million in rewards through a two-phase incentive program.
Layer 1 Crypto Network Quai Network Completes $5 Million Strategic Financing
According to The Block, Layer 1 crypto network Quai Network has announced the completion of a $5 million strategic financing round, with investors including Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. This round of financing brings Quai Network's total funding to $15 million, having previously raised $10 million from Polychain Capital and Alumni Ventures. The new funds will be used to expand the engineering and development team, support research and development work, and invest in community engagement projects. Additionally, Quai will launch a mainnet-compatible developer network to further promote the scalability and security of blockchain technology.
Key Data
According to Jin10, initial claims for unemployment benefits in the US for the week ending August 24 were 231,000, slightly below the expected 232,000. The revised figure for the previous week was 233,000. The revised annualized quarterly GDP for the US in the second quarter was 3%, slightly higher than the expected 2.80% and the previous value of 2.80%.
Independent Miner Mines Block Worth 3.275 Bitcoins, Valued at Approximately $200,000
According to mempool data, at 00:21 Beijing time today, an independent miner mined a block at height 858978 containing 3.275 bitcoins, equivalent to approximately $199,098.
According to on-chain analyst Yu Jin, a whale or institution withdrew 7,904 ETH (approximately $20.03 million) from Coinbase 5 hours ago. Over the past 3 days, they have withdrawn a total of 21,912 ETH (approximately $55.67 million) from Coinbase at an average price of $2,540. The entire amount was then deposited into Lido.
Vitalik.eth Transfers 800 ETH to Multisig Wallet and Sells 190 ETH
According to Lookonchain, Ethereum co-founder Vitalik.eth transferred 800 ETH (approximately $2.01 million) to a multisig wallet 40 minutes ago. Subsequently, the multisig wallet exchanged 190 ETH for 477,000 USDC. Additionally, on August 9, Vitalik transferred 3,000 ETH ($8.04 million) to this multisig wallet.
Data: Top Addresses Hold Over 50% of MATIC, SHIB, UNI Tokens
Cryptocurrency data analysis firm Santiment released data on "the percentage of total supply held by the top 10 wallet addresses for mainstream altcoins" on the X platform, as follows: MATIC 69.4%, SHIB 61.2%, UNI 50.8%, PEPE 46.1%, ETH 44.0%, USDT 33.1%, LINK 31.1%, TON 27.5%, DAI 24.5%, USDC 19.0%. Santiment stated that several factors can affect whether an asset is highly concentrated in whale wallet addresses or not. For example, early adopters or insiders of a project may hold a large amount of funds, leading to high concentration (e.g., TON). Alternatively, the token may be heavily used for staking or governance, requiring validators to hold a large amount of tokens (similar to the case of Ethereum and its ETH2.0 deposit contract, currently holding 35.4% of the supply). Additionally, tokens widely distributed through airdrops or community rewards may have a more decentralized distribution (e.g., Arbitrum).
Wintermute Deposits 8,006 ETH into Coinbase Again in the Past 7 Hours, Valued at $20.53 Million
According to on-chain analyst @ai_9684xtpa, Wintermute deposited 8,006 ETH into Coinbase again in the past 7 hours, valued at $20.53 million, with an average price of $2,529. Since August 27, Wintermute has transferred a total of 24,007 ETH (approximately $60.12 million) to exchanges, and the wallet still holds 6,000 ETH.
Net Outflow of $1.7714 Million from US Ethereum Spot ETF Yesterday, ETF Net Asset Ratio Reaches 2.3%
Hong Kong-listed company NetDragon Websoft Holdings Limited (stock code: 777) released its interim performance report for the six months ending June 30, 2024. The report shows that the group paid approximately 289 million yuan for the acquisition of intangible assets during this period (830 million yuan in the same period in 2023), with approximately 33 million US dollars (equivalent to 234 million yuan) used for the acquisition of cryptocurrencies. Additionally, the group sold several cryptocurrencies with a book value of 41 million US dollars (equivalent to 290 million yuan), generating a profit of 51 million yuan, while there were no related transactions in the same period in 2023.
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