| Alphapo hot wallet was stolen $23 million; Twitter will replace the logo image from the blue bird image to X (July 24th)
Headline
Odaily News, Terraform Labs' temporary CEO Chris Amani stated that Terraform Labs has nine projects under development, which lack the treasury support of Luna and face difficulties in competing with other L1 protocols. Amani said that these projects will not issue new tokens and will focus on promoting the recovery of Luna. (Cointelegraph)
Alphapo hot wallet hacked, with a stolen amount of 23 million US dollars
Odaily News, according to ZachXBT's monitoring, the Alphapo hot wallet was hacked, with a stolen amount of 23 million US dollars. Alphapo customer HypeDrop has disabled withdrawals. The stolen funds were first cross-chained to Ethereum, and then cross-chained to Avalanche and BTC networks.
Musk: Will replace the Twitter blue bird icon, may adopt an excellent X Logo design if available
Odaily News, Musk tweeted that he will replace the Twitter blue bird icon and may adopt an excellent X Logo design if available.
Industry News
WSJ: Celsius Network reaches settlement agreement
Odaily News, the bankrupt cryptocurrency lending platform Celsius Network has reached a settlement agreement, potentially laying the foundation for the court approval of returning customer assets.
According to court documents, these agreements will resolve clients' claims of fraud, resulting in a 5% increase in compensation. The Wall Street Journal reported that a total of 30,000 claims involving $78 billion in funds may be settled.
According to reports, Celsius Network will obtain court approval for these settlement agreements at a hearing on August 10th. The restructuring plan of Celsius Network has confirmed that the hearing will be held in October, and clients may start receiving allocations of cryptocurrencies and other assets before the end of the year. Although the lawyers of Celsius Network have argued that clients are only entitled to their deposit amounts, some users have filed claims seeking damages for alleged misconduct by the former management. (WSJ)
Odaily News South Korean cryptocurrency company Delio announced that it will suspend certain services and stop paying virtual asset interest. Delio stated that in the search and seizure conducted on July 18th, all assets owned by clients and the company were confiscated by the prosecution.
British court grants BSV founder Craig Wright the right to defend his intellectual property rights
Odaily News After three British judges ruled, they approved BSV founder Craig Wright's right to defend his intellectual property rights. Previously, the court dismissed Wright's appeal to stop the operation of Bitcoin Cash, on the grounds that Bitcoin Cash infringed his intellectual property rights. The appeal involved 26 defendants related to Bitcoin, including various developers and several companies of Coinbase. The issue of copyright protection will be determined in subsequent trials, but Wright is required to first prove in a trial in early 2024 whether he is Satoshi Nakamoto. (CoinDesk)
Odaily News Former Director of the US Office of the Comptroller of the Currency, Brian Brooks, has joined Hashdex as a strategic advisor. He will provide consulting services in the regulatory field and work on building bridges between traditional finance and the cryptocurrency industry. He will also sign agreements with global monetary organizations and legislators. Previously, Brian Brooks served as the CEO of Binance.US and mining company Bitfury Group. (CryptoPotato)
The NFTs purchased by Steve Aoki for $1.6 million are currently valued at only $33,000
Odaily News According to the statistics of renowned crypto KOL Herbie, several NFTs purchased by famous DJ Steve Aoki have significantly depreciated in value. The total expenditure was approximately $1.6 million, but the current value is only $33,000. This includes series such as Doodles, 0N1, Cool Cats, and Moonbirds.
Among them, the biggest loss is the rare Doodle #2238 that was purchased for $862,000. The highest current offer for this NFT is $12,000, resulting in a loss of $850,000.
Project News
Arbitrum's proposal to allocate 12 million ARB tokens to Camelot did not pass
Odaily News According to the snapshot voting results, Arbitrum's proposal to allocate 12 million ARB tokens to Camelot did not receive approval. 38% of participants opposed the proposal, 30% supported it, and 32% abstained.
According to previous reports, Arbitrum DAO has proposed granting Camelot DAO 2 million ARB tokens (a total of 12 million ARB tokens over the next 6 months) to fund liquidity incentives for projects centered around Arbitrum on Camelot, including the introduction of new multi-chain protocols into its ecosystem.
Arkham: Claims have ended, there will be no second airdrop
Odaily News - Cryptocurrency intelligence platform Arkham announced that after the airdrop announcement this week, there were some fake Arkham accounts offering a second airdrop. The claiming phase has ended and there will be no second airdrop.
Odaily News - PFP NFT project Moonbirds announced a collaboration with creative team Golden Wolf to release the second animated short film "Rise of the Mythics," which includes the upcoming NFT Mythics Chronicles series by Moonbird.
Security Team: Conic Finance targeted by flash loan attack again
Odaily News - According to an official tweet from CertiK, Conic Finance has been targeted by a flash loan attack once again. So far, two EOA addresses (0xB636 and 0xd050) have made profits of at least $223,000.
Investment and Financing
Lightweight node protocol Over Protocol developer Superblock raises $8 million
Odaily News: Light Node Protocol Over Protocol Developer Superblock Raises a Total of $8 Million in Two Rounds of Financing, with SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, NaverZ Participating.
According to Chainwire, Superblock builds various products, tools, and dApps on Over Protocol, a lightweight L1 blockchain that provides lightweight full nodes.
Cymbal Completes $18.5 Million Financing with Solana Ventures Participation
Odaily News: Cymbal completes a $18.5 million financing round with participation from First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew, and UTA Ventures.
Featured Voice:
Odaily News: Hayden Adams, the founder of Uniswap, tweeted that he hopes to see more projects utilize the "superpowers" of crypto to disrupt mainstream Web 2 apps, discover new use cases, and launch vampire attacks on Web 2 instead of focusing solely on marginal improvements of existing Web 3 use cases such as AMMs and lending. Stop forking Uniswap constantly.
XRP Lawyer: SEC's Appeal against XRP Has No Significant Impact, Previous Ruling Still Enforceable
Odaily News: XRP lawyer Deaton said that the SEC's appeal has no significant impact, and the previous judgment still holds legal force, which is of great significance to XRP. In the Terra and Do Kwon cases two days ago, the judge stated that the Ripple case would be used as a relevant precedent for this case, unless the SEC appeals against it. However, the SEC lawyer expressed opposition to citing this precedent.
Deaton said that the appeal ruling may last for more than two years, during which time the judgment still holds legal force. It is still uncertain when the SEC will initiate the appeal process in response to this ruling. (Cointelegraph)
Mark Cuban: Ripple ruling shows not all buyers should be classified as investors
Odaily News: In a discussion with Paul Grewal, Chief Legal Officer of Coinbase, billionaire Mark Cuban expressed his disagreement with the U.S. SEC, stating that Ripple's recent victory in its legal battle with the SEC proves that not all buyers should be classified as investors. According to Cuban, the sole purpose of securities is to be securities, which emphasizes the difference between crypto assets bought on centralized and decentralized exchanges. He believes that analyzing blockchain transactions reveals the utility of tokens and their role beyond investment purposes.
He tweeted, "They call everyone a buyer 'investors' in their filings. That isn't true, Ripple makes that clear. Securities have one purpose and that is to be securities. You can't know why a buyer buys for DeFi or a CEX. But you can look at a blockchain and see transactions based upon token utility."
In response, Grewal compared the SEC's regulatory approach to Abraham Maslow's concept of "if you only have a hammer, everything looks like a nail." Furthermore, Ripple supporter and lawyer John Deaton agreed with Cuban's statement. (Times Tabloid)
