| BNB Chain launches opBNB testnet; Galaxy Finance completes $30 million in Series B financing (June 20)

Azuma

Odaily资深作者

@azuma_eth

2023-06-20 08:26 (UTC+8)

This article is about 4837 words, reading the full article takes about 7 minutes

People familiar with the matter: Fidelity may plan to acquire Grayscale and submit a spot bitcoin ETF application.

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People familiar with the matter: Fidelity may plan to acquire Grayscale and submit a spot bitcoin ETF application.

headlines

BNB Chain launched opBNB Testnet, a Layer 2 network based on OP Stack
Odaily News BNB Chain announced the launch of opBNB Testnet, an Ethereum Virtual Machine (EVM) compliant L2 scalability solution based on the Optimism OP Stack. opBNB greatly improves the scalability of L1 to reduce network congestion and very low network fees, while maintaining a similar level of security to L1.

opBNB's innovative underlying combination, including optimizing data accessibility, caching layer, and adjusting the submission process algorithm to allow more parallel operations, enables opBNB to reach a gas limit of up to 100 M. Based on these comprehensive optimizations, opBNB can support more than 4,000 transfer transactions per second, and the average transfer transaction cost is less than $0.005.

People familiar with the matter: Fidelity may plan to acquire Grayscale and submit a spot bitcoin ETF application
Odaily News CryptoSlate reported that, according to Arch Public co-founder Andrew Parish, there are rumors that Fidelity is planning to take "earthquake-like moves" in the cryptocurrency market.
Rumor has it that Fidelity, the world's third-largest asset manager with $4.24 trillion in assets under management, may be considering acquiring Grayscale and applying for a bitcoin spot ETF.

CryptoSlate reached out to Fidelity for further comment and did not hear back by press time. (CryptoSlate)

Huang Lichang's response: ZachXBT's allegations are not true, I can only get justice in court
Odaily News "MachiBigBrother" Huang Licheng (MachiBigBrother) posted a long article on Twitter to refute in detail the previous series of accusations made by the chain detective ZachXBT.
He stated: In June 2022, @zachxbt published a post claiming that he misappropriated funds, which is false and unsubstantiated. The twitter crypto community has judged me, but I can only get justice in court.
Specifically, he refuted several of ZachXBT's allegations:
Regarding Formosa Financial: I did not steal 22,000 ETH like Zach said. I don't have access to the multisig that transfers the financial ETH, and none of the receiving addresses belong to me, but to the project CEO and CTO.
About Cream Finance: Before the two leaks in August and October 2021, I handed Cream Finance over to a well-respected team in 2020. I'm back in February 2022 to manage the project and restore funds to those affected by the breach.
Huang Licheng also said that he often participates in Twitter Space, and everyone can ask questions at any time.

Industry news

Binance.US: SEC Never Provided Any Evidence We Misused Customer Assets

Odaily News Binance.US recently tweeted: "The US SEC has never provided any evidence of our misuse of customer assets. In fact, earlier this week, under the judge's questioning, the SEC's lawyers admitted in court , they have no evidence that such a thing happened.

The SEC's request, which would effectively shut down our business, is consistent with the agency's continued attempts to stifle the crypto industry in any way possible, even with unsubstantiated allegations. This fight has damaged our business and our reputation, but not our morale and our resolve to defend ourselves against baseless allegations and "policy by law" tactics that are not part of our judicial system. We look forward to continuing to defend ourselves in court. "

Crypto.com Has Proprietary Trading and Market-Making Teams to Profit, Sources Say, Contrary to Official Account
Odaily News According to five people familiar with the matter, the cryptocurrency exchange Crypto.com has a proprietary trading and market-making team, and the internal team conducts token transactions for profit. In most markets, exchanges match buyers and sellers at competitive and transparent prices. Market making and proprietary trading are usually conducted by independent private firms.

Crypto.com executives issued a sworn statement to other outside trading firms stating that “Crypto.com does not engage in trading” and that its employees were asked to “represent no internal market maker-type operations.”

Haru Invest: The investigation of B&S Holdings' fraud is being accelerated, and the income of users Earn Plus may be affected
Haru Invest said it was unable to report results for Earn Explore because it was still investigating whether and to what extent investors' assets had lost value. Haru Invest will provide a supplementary report as soon as possible, please be patient.
Also, for Earn Plus, earnings are paid according to their product terms and conditions. However, if losses occur in such circumstances, the actual revenue that users will receive may be reduced.

Also, for Earn Plus, earnings are paid according to their product terms and conditions. However, if losses occur in such circumstances, the actual revenue that users will receive may be reduced.

Odaily News "Brother Maji" Huang Licheng bought a Los Angeles mansion at 1410 Tanager Way for US$25 million last week. The house has an area of 14,000 square feet, a total of 5 bedrooms, and 8 bathrooms. , $786. (Dirt)

Project News

111th Ethereum ACDC Meeting: Three proposals planned to be included in the Deneb specification in the next few weeks including EIP-7044
Odaily News Christine Kim, Vice President of Galaxy Research, published a post summarizing the 111th Ethereum Core Developers Consensus Conference (ACDC). The consensus layer team discussed the final scope of the Deneb upgrade, potential changes to validator proofs and aggregation Proposal to increase the server balance from 32 ETH to 2048 ETH.
First, the developers discussed which CL-focused EIPs to include in Deneb, Teku developer Mikhail Kalinin updated around EIP-6988, which proposed a code change to prevent the forced removal of slashed validators from being The protocol is elected as the block proposer.
The developers also discussed three proposals, EIP-7044, EIP-7045, and EIP-4788, for inclusion in Deneb. in particular:
- EIP-7044: Proposed code changes to improve staker experience, ensuring signed validator exits are permanently valid.
- EIP-7045: Proposed code changes to strengthen network security, extending proof slot inclusion from a rolling window of one epoch to two epochs. The EIP, proposed by Danny Ryan, a researcher at the Ethereum Foundation, is undergoing more discussion and final review.
- EIP-4788: Proposing code changes to improve staker experience, this EIP will expose the root of the beacon chain block, which contains EVM internal chain state information, for trust-minimized access by DApp developers. This EIP was proposed by Ethereum Foundation researcher Alex Stokes and was incorporated into Cancun and Deneb during ACDE #163.

Stokes stated that it is planned to incorporate the three aforementioned EIPs into the Deneb specification in the coming weeks, and encouraged the CL client team to review them as soon as possible.

While the current validator cap (32 ETH) promotes decentralization, it inadvertently leads to validator set size inflation, he said. Neuder said raising the cap could slow the expansion of the active validator set — ultimately increasing the network’s efficiency in achieving finality within a single ethereum slot. The proposed increased cap will also introduce the possibility of automatically compounding validator rewards.
While the current validator cap (32 ETH) promotes decentralization, it inadvertently leads to validator set size inflation, he said. Neuder said raising the cap could slow the expansion of the active validator set — ultimately increasing the network’s efficiency in achieving finality within a single ethereum slot. The proposed increased cap will also introduce the possibility of automatically compounding validator rewards.
The proposal continues to be debated among the core developers, who have agreed to further discuss the implementation details of the proposal on social platforms such as ETHMagicians and Discord. (The Block)

The proposal continues to be debated among the core developers, who have agreed to further discuss the implementation details of the proposal on social platforms such as ETHMagicians and Discord. (The Block)

Proposal to "deploy Uniswap V3 to FVM" passed temperature check vote
The Odaily News Snapshot voting page shows that the Uniswap community voted to pass the temperature check vote for the proposal of "deploying Uniswap V3 to the Filecoin Virtual Machine (FVM)" with a support rate of 99.98%. The vote was initiated by Michigan Blockchain, which believes that it is valuable for Uniswap to gain market share in its data economy early, and FVM deployment is an appropriate way to advance the development of Uniswap's multi-chain vision.

Next, the relevant stakeholders mentioned in the previous RFC will be finalized. After the stakeholders are determined, the v3 contract will be deployed on the target chain. Thereafter, once the contract is audited, on-chain voting will begin.

Curve launched the proposal of "supporting wBTC as collateral to mint crvUSD", and the voting on the chain has been opened
Odaily News The Curve community initiated a proposal on "supporting wBTC as collateral to mint crvUSD", and has started voting on the chain. The proposal proposes to deploy a wBTC market with a debt ceiling of 200 million crvUSD.

Voting will end at 15:45:23 on June 25, and the current support rate is 100%.

Curve launched the proposal of "supporting WETH as collateral to mint crvUSD", and the voting on the chain has been opened
Odaily News The Curve community initiated a proposal on "supporting WETH as collateral to mint crvUSD", and has started voting on the chain. The proposal proposes to deploy the WETH market with a debt ceiling of 200 million crvUSD.

Voting will close on June 26 at 16:44:35.

Synthetix Founder: Proposed to introduce new SNX staking module in V3 version
Odaily News Kain, the founder of Synthetix, published an article today about the update plan for the SNX pledge mechanism.
Investment and Financing

Investment and Financing

Web3 Wallet Platform Galaxy Finance Completes $30 Million Series B Financing, BlackPine Participates

Odaily news Web3 wallet platform Galaxy Finance announced the completion of US$30 million in Series B financing. Hong Kong investment fund BlackPine, Singapore encryption investment agency QCP Capital and US blockchain investment fund Tally Capital participated in the investment. The new funds will improve its products and expand its influence in the Southeast Asian market force. The Web3 wallet built by Galaxy Finance can be used to store digital assets such as cryptocurrencies and NFTs. The company previously raised $8 million in Series A financing.

Investment institution Republic acquires about 9.5% of cryptocurrency broker INX for $5.25 million
It is reported that Republic, headquartered in New York, is a digital merchant bank that operates a retail-focused investment platform and is backed by companies such as Galaxy Interactive and Morgan Stanley. Therefore, integrating INX's digital asset coverage into Republic's platform provides cryptocurrency trading capabilities to a large traditional financial client base. (CoinDesk)

Web3 CRM Company Vantient Closes $3.45M Funding Round, Cercano Management Participates

It is reported that Vantient mainly provides on-chain and off-chain customer data aggregation and analysis services for enterprises and Web3 projects to support companies in acquiring, attracting and retaining their users.
It is reported that Vantient mainly provides on-chain and off-chain customer data aggregation and analysis services for enterprises and Web3 projects to support companies in acquiring, attracting and retaining their users.

Chain game Cat Paradise completes nearly 1 million US dollars in seed round financing, Mask Network participated in the investment

It is reported that Cat Paradise is a digital cat pet raising game developed by game developer Pluto Games.
It is reported that Cat Paradise is a digital cat pet raising game developed by game developer Pluto Games.

global policy

AMF: Supporting globally harmonized DeFi rules
Odaily News France's top market regulator, the Autorité des Marchés Financiers (AMF), expressed support for globally harmonized decentralized finance (DeFi) rules. In a discussion paper published on Monday, the AMF, which issues licenses to cryptocurrency exchanges looking to operate in the country, shared its view on the “regulatory issues it raises with respect to the decentralized and “disintermediation” protocols that make up the DeFi ecosystem.” Preliminary Thoughts".
The AMF attempts to define DeFi, a decentralized governance system called a DAO, and automated "smart contracts" that run transactions. The document also presents the relevant levels of risk and control for debate.

The document also stated that “due to the cross-border nature and reach of DeFi activities, the AMF also supports the development of a globally coordinated regulatory approach to ensure a global level playing field that both aims to protect investors and foster innovation.”( CoinDesk)

President of the Hong Kong Monetary Authority: mBridge is expected to enter the MVP stage early next year, and two other central banks are negotiating to join
Odaily News Yu Weiwen, President of the Hong Kong Monetary Authority, said in an interview that the multilateral central bank digital currency bridge mBridge project is expected to enter the "Minimum Viable Product (MVP)" stage early next year, except for the central banks of mainland China, Hong Kong, Thailand and the United Arab Emirates. , and two other central banks are negotiating to join, and it is believed that more central banks will participate before the MVP.
Yu Weiwen pointed out that this trip to the UAE is to discuss with the country how to solve some problems, hoping to promote mBridge to the MVP stage, making trade settlement cheaper and faster. He bluntly stated that the current difficulties are not technical, and listed four major challenges, namely, coordinating local supervision, platform governance methods, ensuring local currency liquidity, and safeguarding foreign currency liquidity.

He also said that in addition to the central banks of the four places, mBridge currently has 15 central banks or international organizations as observer members, two of which are negotiating to join, details will be announced later. Yu Weiwen said frankly that he does not want to expand too much for the time being. He hopes to establish a cooperation platform with a controllable scale so that details can be negotiated during the trial stage. After the platform is established, the network will gradually expand. (Yahoo Finance)

UK Cryptocurrency, Stablecoin Laws Approved by Lords of Parliament
Odaily News British MPs voted to pass a new bill that could treat cryptocurrencies as regulated activities in the country.
The House of Lords approved the Financial Services and Markets Bill (FSMB) on Monday, meaning it will enter the final stages before it becomes law.
The sweeping bill, which spans more than 340 pages, was introduced in July to capitalize on the freedoms of Brexit and give regulators greater powers over Britain's financial system. While the original bill included a proposal to regulate stablecoins under the country's payment rules, amendments to treat all cryptocurrencies as regulated activities and to oversee cryptocurrency promotions were added later as the bill progressed through parliament. measure.

The FSMB will be sent back to the House of Commons to agree on a final version. Once both houses agree to the document, it will be sent to the king for his assent and passage into law. (CoinDesk)

South Korean court rules general interest rate cap rule does not apply to virtual assets
Odaily News A South Korean court ruled in a virtual asset lending dispute that the interest rate caps stipulated in the Loan Business Act and the Interest Restriction Act do not apply to virtual assets.
The court ruled in favor of the plaintiff in both the first instance and the second instance, saying that “the subject matter of the contract between the two parties is bitcoin, not currency, so the Loan Business Law and the Interest Limitation Law, which limit the maximum interest rate, do not apply.” The judge ruled that the defendant company If the bitcoins cannot be repaid, a sum of money must be paid to the plaintiff company at the end of the debate. (Yonhap News Agency)