| Gemini sent a letter to DCG asking for 900 million arrears; Binance completed due diligence on Gopax acquisition (January 3)

Loopy Lu

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2023-01-03 08:32 (UTC+8)

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Sun Yuchen denies that fire will lay off staff; Sushi Kashi will stop development.

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Sun Yuchen denies that fire will lay off staff; Sushi Kashi will stop development.

headlines

Gemini sent a letter to the founder of DCG, asking it to repay over $900 million to Earn users
Odaily News Gemini co-founder Cameron Winklevoss, on behalf of more than 340,000 users of its Earn product, sent an open letter to DCG founder Barry Silbert, asking him to repay more than $900 million owed. Cameron accused Barry Silbert of refusing to cooperate and engaging in vicious delaying tactics over the past six weeks.

Cameron said the mess was entirely Barry Silbert's own making. DCG owes Genesis approximately $1.675 billion. This is money Genesis owes Earn users and other creditors.

Odaily News DCG founder Barry Silbert responded to the open letter issued by Gemini Lianchuang, saying that "DCG did not borrow $1.675 billion from Genesis. DCG has never defaulted on the interest of Genesis and is currently repaying all outstanding loans; the next loan due date is May 2023. DCG submitted a proposal to Genesis and your advisors on December 29, but has not received any response."

Industry news

Data: Lido surpasses MakerDAO to become the highest TVL DeFi agreement

Odaily News DeFiLlama data shows that Lido’s TVL reached US$5.9 billion, slightly surpassing MakerDAO’s US$5.89 billion, and is now the DeFi protocol with the highest TVL.

Insider: Alameda was on the brink of bankruptcy in 2018, long before FTX went live

Odaily News Alameda’s trading algorithm was designed to conduct a large number of automated, fast transactions, but because of wrong guesses about price movements, by the spring of 2018, Alameda’s assets had shrunk by more than two-thirds, to about $30 million, according to people familiar with the matter.

In late 2018, SBF promised potential lenders annual returns of up to 20 percent in cash or cryptocurrencies. In January 2019, SBF used the inaugural Binance Blockchain Week event to connect with investors and raise funds for the failing Alameda. In April 2019, FTX launched with the promise of a safe haven for institutional investors. With the launch of FTX, Bankman Fried fueled its growth with Alameda, which became the primary market maker for the exchange. (Cointelegraph)

Foreign media: Binance completed due diligence on the acquisition of Gopax, intending to acquire 41.2% of its shares
According to people familiar with the matter, Binance has recently completed due diligence on the acquisition of South Korean exchange Gopax, and is in the final steps of the confirmation process. .”

It is reported that Binance intends to purchase shares (41.2%) from Gopax’s largest shareholder and CEO Junhaeng Lee, but will temporarily maintain the original management system in order to stabilize operations. Binance has not yet responded to the acquisition of Gopax. (Decenter)

CZ: Will seek legal advice before helping Bitcoin core developer Luke Dashjr stolen
Binance CEO CZ responded that the Binance security team has been monitoring and helping as much as possible. But then CZ confirmed that since LukeDashjr is a US user, although he has filed a case (Case ID#71746804), Binance (.com) cannot provide services to US users, so the problem is very difficult, but he is willing to seek some legal advice before provide support.

Project News

This year SOL will unlock 21.3 million pieces, accounting for 4% of the total supply
Odaily News According to Solana Comapss data, 21.3 million SOL will be unlocked in 2023, accounting for 4% of the total supply. These SOLs equate to about $214 million at current prices. The most recent unlock will be 1.816 million on January 7.

Currently 48.13 million SOLs are locked in the Alameda wallet, accounting for 66.1% of all locked shares. Since Alameda is in bankruptcy proceedings, these SOLs may not be transferred immediately after unlocking until the liquidation process is completed.

Kashi was abandoned for a number of reasons, Lilley said, including numerous design flaws, lack of profitability, and lack of resources. As far as MISO is concerned, simply a lack of resources caused SushiSwap to cease development. According to it, “we have plans to launch alternative versions of these products in the future once we have the resources to commit the product team to it,” but for now DEX is the priority.

SushiSwap CTO: Stop developing Kashi and MISO, Q1 will focus on DEX liquidity

Odaily News SushiSwap CTO Matthew Lilley recently tweeted to review the achievements in 2022 and announced the Q1 roadmap for 2023. Lilley said the team decided to shelve two projects, the lending platform Kashi and the token Launchpad MISO.
Kashi was abandoned for a number of reasons, Lilley said, including numerous design flaws, lack of profitability, and lack of resources. As far as MISO is concerned, simply a lack of resources caused SushiSwap to cease development. According to it, “we have plans to launch alternative versions of these products in the future once we have the resources to commit the product team to it,” but for now DEX is the priority.
Lilley said that SushiSwap will be committed to providing centralized liquidity, allowing liquidity providers to set specific price ranges to provide liquidity, and "plans to firmly release liquidity in the first quarter of 2023." Lilley also revealed, “We have an interesting surprise and some interesting incentive adjustments at the DEX level, which I believe relies on our strengths and can strengthen our position.” (The Daily Hodl)

Lilley said that SushiSwap will be committed to providing centralized liquidity, allowing liquidity providers to set specific price ranges to provide liquidity, and "plans to firmly release liquidity in the first quarter of 2023." Lilley also revealed, “We have an interesting surprise and some interesting incentive adjustments at the DEX level, which I believe relies on our strengths and can strengthen our position.” (The Daily Hodl)

ENS to register more than 2.2 million domain names in 2022, accounting for 80% of the total
Odaily News The Ethereum domain name service ENS tweeted that more than 2.2 million ENS domain names will be registered in 2022, accounting for 80% of the total number of registered domain names.

Dune's latest data shows that the total number of ENS registered domain names reached 2,827,898, and independently held addresses reached 630,414. ,

Web3 Open Source University WTF Academy Receives Funding from Ethereum Foundation
Convex Finance will soon launch a new contract for staking cvxCRV Wrapper

Convex Finance will soon launch a new contract for staking cvxCRV Wrapper

Odaily News Convex Finance announced that it will soon launch a new staking cvxCRV Wrapper contract, which will allow additional incentives for cvxCRV staking, users can choose reward currencies (for example, only accept CRV and CVX, or only accept 3 CRV), pledge cvxCRV in line with the ERC-20 standard .
Odaily News Convex Finance announced that it will soon launch a new staking cvxCRV Wrapper contract, which will allow additional incentives for cvxCRV staking, users can choose reward currencies (for example, only accept CRV and CVX, or only accept 3 CRV), pledge cvxCRV in line with the ERC-20 standard .

Additionally, Convex will soon publish a proposal to adjust the structure of the platform's fee distribution to take advantage of Wrapper's new features.

Cardano ecological project dcSpark plans to launch zkRollup L2 and GameFi L2 this year

Sebastien Guillemot, co-founder and chief technology officer of the Cardano ecological project dcSpark, recently tweeted that plans for 2023 include launching zk-Rollup L2, launching GameFi L2 in cooperation with Paima Studios, realizing the decentralization of the EVM side chain Milkomeda, releasing First paper from L2 R&D.

OKB once broke through 31 USDT, hitting a new high in one year
Discord Server of NFT Project Everybodys Hacked

security incident

Discord Server of NFT Project Everybodys Hacked

Odaily News According to CertiK monitoring, the Discord server of the Everybodys project was attacked. Community users are requested not to click on any links or claim messages until the server is fixed.

Odaily News According to CertiK monitoring, the Discord server of the Everybodys project was attacked. Community users are requested not to click on any links or claim messages until the server is fixed.

Regulatory policy

Deloitte: Hong Kong financial services companies are consulting on license requirements for retail virtual asset transactions
“We found that many local brokerages and fund management companies came to us for advice on the licensing requirements under the new regulatory regime,” said Robert Lui, head of digital assets at Deloitte Hong Kong. Virtual assets with large market capitalization and liquidity.