headlines
The Scroll mainnet has generated the genesis block at around 14:00 today
Odaily news Scrollscan page shows that the Scroll mainnet, the Ethereum second-layer network based on ZK Rollup, has generated the genesis block at around 14:00 Beijing time today.
Israeli police, with assistance from Binance, have frozen Hamas-related cryptocurrency accounts
Odaily News According to a report by local Israeli media Calcalist, Israeli police have frozen cryptocurrency accounts related to the Palestinian terrorist organization Hamas. It is reported that the cyber law enforcement team of Lahav 433, a branch of the Israeli police, worked with the country’s Ministry of Defense, intelligence agencies, and cryptocurrency exchange Binance to locate the relevant accounts, and the seized funds will flow into the Israeli treasury.
The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance CEO Changpeng Zhao in March, claiming that the company’s managers were aware of “Hamas-related transactions” on the platform.
Since 2021, Israeli authorities have previously seized approximately 190 Binance accounts suspected of having ties to terrorist organizations. (CoinDesk)
Odaily heard that former Alameda Research CEO Caroline Ellison testified in the SBF case. Ellison told jurors that she, SBF and others defrauded clients and investors of FTX and lenders Alameda Research. “Alameda took billions of dollars from FTX customers and used them to invest themselves” and repay lenders, Ellison said. We ended up taking about $14 billion, some of which we were able to repay, she testified.
Ellison also said: He (SBF) was originally the CEO of Alameda and the owner of Alameda, and he directed me to commit these crimes. As Ellison testified, SBF was typing on his laptop.
It is reported that SBF remains the company’s majority shareholder after resigning from the leadership position of Alameda Research in 2021. He insisted in interviews with the media that Alameda is completely separate from FTX and that his time is mainly used to run FTX, not Alameda. (Bloomberg)
Odaily News At 1:47 a.m. on October 24, approximately 100 million DOTs locked in Polkadot’s first batch of Crowdloan will be unlocked.
In order to cope with this unlocking and to better adapt to the future situation of Polkadot 2.0, Polkadot launched Referendum 166, proposing to increase the ideal staking rate of the Polkadot network to 60%, so that the network can accommodate the DOTs that newly enter the staking system after the unlocking, and No need to reduce staking rewards.
This proposal has now been accelerated by the Fellowship and has entered the public voting stage, with a current approval rate of 99.4%. If the vote passes, the adjustment is expected to be implemented two days before the unlock date. (PolkaWorld)
Industry News
Odaily News Former Alameda Research CEO and SBF ex-girlfriend Caroline Ellison arrived in court before testifying at the SBF trial, her first public appearance since Alameda and FTX went bankrupt a year ago. FTX co-founder Gary Wang was being cross-examined by SBF lawyers when Ellison arrived. Ellison is scheduled to testify after Gary Wang.
Prosecutors said Ellison was one of the few people in SBFs inner circle who knew the truth behind its alleged transfer of billions of dollars in FTX client funds to Alameda. After FTX collapsed, she pleaded guilty and agreed to cooperate with federal prosecutors.
Gary Wang, questioned by SBF lawyers on the witness stand on Tuesday, said it was not until June 2022 that he was relieved that Alameda Researchs assets exceeded its liabilities and it could repay lenders. Gary Wang is testifying for the third day in a row at the SBF trial. (Bloomberg)
Binance launches the 38th Launchpool project Neutron, with a total mining volume of 20 million NTRN
Odaily News Binance has now launched the 38th phase of the new coin mining project Neutron (NTRN). Neutron allows developers to easily build cross-chain applications through the Inter-Blockchain Communication Protocol (IBC) and provides DeFi dApps with the full economic security of Cosmos Hub.
Users can invest BNB, TUSD, and FDUSD into the NTRN mining pool on the Launchpad website after 8:00 on October 11, 2023 to obtain NTRN rewards. NTRN can be mined for a total of 20 days.
Earlier, Binance announced that it would list NTRN and open spot trading pairs such as NTRN/BTC, NTRN/USDT, and NTRN/BNB.
OkCoin will gradually change its name to OKX globally
Odaily News OkCoin CEO Fang Hong announced on the X platform that he decided to rename Okcoin globally in the next few months to OKX.
Fang Hong said: We have recently canceled the Okcoin brand and products in several regions (Latin America, the Middle East and North Africa, South Asia, Hong Kong, etc.). We will rename Okcoin to OKX in the next few months, starting from Starting in Singapore, then the EU and finally the US at our headquarters. Okcoin customers in Singapore, the EU and the US will have access to the same products and services under the same regulatory framework, these customers will just interact with a new brand. More details will be Share individually with clients.”
Commenting on the decision, Fang Hong said: Changing the name to OKX in our main operating jurisdictions will be a good thing for our customers and business. Now we are ready to merge the two brands into one, simplification and focus are always Better, its time to make a change, one platform, one brand. We can now continue to focus absolutely on building a global platform that is scalable and future-proof.
Project News
friend.tech adds 2 FA passwords to provide additional protection
Odaily news friend.tech posted on the X platform that users can now add 2 FA passwords to friend.tech accounts to provide additional protection when mobile phone operators or email services are compromised.
friend.tech emphasizes that the team cannot reset these passwords, so users are asked to save them when using this feature.
Odaily News Polkadot development organization Web3 Foundation announced a new plan on the Encourage teams and individuals who contribute to Polkadot.
Web3 Foundation said this will enhance the Polkadot Treasury’s community governance financing mechanism to help projects that have a meaningful impact on Polkadot’s future; details on the official launch date and how to apply for funds will be released in the coming weeks.
Arbitrum Week 2 Odyssey event will resume on October 16th
Odaily News Arbitrum posted on the This round of interactive tasks will be conducted on the NFT market tofuNFT and the derivatives protocol Aboard Exchange.
If the user has previously completed the Week 2 tasks, the Week 2 activities on October 16 do not need to be completed again. The final week seven event will begin on November 20th.
Astar Network: zkEVM test network is about to be launched, and early registration is open
Odaily News Polkadot ecological smart contract platform Astar Network issued a document to disclose the progress of Astar zkEVM environment construction: the zkEVM temporary storage environment and Sepolia temporary storage bridge have been completed; the cross-chain bridge user interface is under development; the Astar zkEVM test network will be launched soon; Advance registration is currently open.
Mina Protocol launches zkApp grant program Mina Navigators, which will allocate 6 million MINA
According to official news from Odaily, the lightweight blockchain protocol Mina Protocol launched the zkApp grant program Mina Navigators, which will allocate 6 million MINA from October 2023 to April 2024 to set new standards for ZK developer participation. , encouraging builders to create, iterate and contribute to the Mina ecosystem.
Odaily News Cosmos ecological public chain Canto will submit three separate governance proposals at 23:30 on October 11, including setting new liquidity mining incentives (reducing 20%), and reducing security releases by 20% to each Block 2.776 CANTO. The proposal will take effect immediately after it is passed.
Circle launches native USDC on Polygon PoS
According to official news from Odaily, Circle has launched native USDC on the Polygon PoS mainnet, which can be accessed by developers and users (no bridge required). Circle Mint and Circle API currently fully support Polygon PoS USDC.
MakerDAO: Lending product SparkLend has been deployed to Gnosis Chain
Odaily News MakerDAO issued a document on the X platform stating that the lending product SparkLend has been deployed on Gnosis Chain. This means that the first functional DeFi product developed by SubDAO has implemented multi-chain functionality.
dYdX plans to transition to Cosmos this month, which will make the platform “fully decentralized”
Odaily News dYdX founder Antonio Juliano said on the Lightspeed podcast that the transition to Cosmos is planned to take place this month, when the platform will be fully decentralized.
He said that currently dYdX is hybrid decentralized. The transactions that occur on the chain are fully transparent, but what is not decentralized currently is mainly the order book and matching engine. (Blockworks)
Frax Finance will launch sFRAX, a collateralized vault based on U.S. Treasury bonds
Odaily News Frax Finance launched sFRAX, a pledged vault based on U.S. Treasury bonds, and also launched a bond product that will be converted into FRAX’s stablecoin upon maturity.
Frax founder Sam Kazemian said users will be able to deposit funds into sFRAX and earn a 10% yield, which will then gradually drop to about 5.4%, the Fed’s current IORB rate. (BlockWorks)
Odaily News The American supermarket chain Trader Joes recently filed a lawsuit against the decentralized trading platform called Trader Joe and its co-founder Cheng Chieh Liu, accusing them of deliberately choosing a name similar to the name of the supermarket.
The lawyer claimed that the DEX created a story around the fictional Trader Joe that is closely related to the supermarket brand; in addition, the encryption companys logo also has the image of a Trader Joe wearing a red hat, and the color red is the supermarket brand The main color of the DEX (the theme color when the DEX was first launched was also red). Trader Joes claims that the cryptocurrency platform is reaping commercial benefits from its supermarket brand and reputation due to similar branding.
The supermarket chain is asking for a court order forcing the crypto company to stop using variations of its name in its business operations, and is seeking ownership of the relevant domain names and any other damages determined through legal proceedings. (Blockworks)
Decentralized Stablecoin Protocol Reserve Launches Base
Odaily News The decentralized stablecoin protocol Reserve has been launched on Base, which is its first deployment outside the Ethereum mainnet. The protocol has a TVL of $24 million on Ethereum.
The move enables users to create their own “RToken”, a decentralized stablecoin, flatcoin (pegged to the cost of living) or a tokenized index using Reserve’s Asset Backed Currency Factory on lower-cost Base. These assets are backed by a basket of over-collateralized ERC-20 tokens.
Reserves collateral options on Ethereum and Base include major stablecoins, Ethereum and wrapped Bitcoin, which can be used individually or from Compound, MakerDAO, Aave, Convex, Curve, Morpho and Flux Finance, the project said Earn profits from the agreement. (The Block)
A $20 million lending pool on Goldfinch suffered bad debts, with an expected loss of $7 million
Odaily News A report from the decentralized lending protocol Goldfinch governance platform stated that a $20 million lending pool on its platform had bad debts, with an estimated loss of $7 million.
The lending pool provided a 20 million USDC, four-year loan to fintech credit fund Stratos in February 2022, guaranteed at an annual interest rate of 11%, with Warbler Labs as the underwriter. While Stratos’ investment in REZI, a real estate technology company, and digital assets “did not live up to expectations,” Warbler Labs said it would recoup any losses from investors in the lending pool. (CoinDesk)
Odaily News Mortgage Stablecoin Protocol Raft launches native token RAFT, which can be used for staking and governance. Token holders can provide liquidity in the Balancer pool and stake their Balancer liquidity pool tokens to earn veRAFT. Holders of veRAFT can vote on protocol decisions. The total amount of RAFT is 2.5 billion, and the specific distribution is as follows:
1. Investors account for 25.91%;
2. Ecosystem and incentive mechanism account for 21.43%;
3. Team and consultants account for 19.16%;
4. Community accounts for 16%;
5. Treasury accounts for 15%;
6. CEX market making funds account for 2.5%.
NFT trading platform Blur will have big events on November 20
Odaily News Blur stated on its official Twitter, Blur Season 2. November 20. There is no official explanation of what will happen on this date, but this date may be a critical juncture for Blur.
Odaily News Ordinals trading market Ordswap domain name was hacked. Officials warned not to link to its website before regaining control, and recommended MetaMask login users to obtain private keys and transfer them to products such as Unisat. (Cointelegraph)
CrypToadz #4030 sold for 1055 ETH, funding source involved Tornado.Cash user
Odaily News PROOF Research Director NFTstats.eth posted on the , seems to be a numerical input error.
Community user TexasHedge said that the funds to purchase the wallet came from a wallet that withdrew 1,200 ETH from Tornado Cash.
Investment and Financing
Odaily News Neutral announced the completion of US$3.2 million in financing, led by North Island Ventures, with participation from Redalpine, Digital Currency Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures and Rarestone Capital.
The company will use the new financing to launch a regulated trading platform in Europe, with plans to further expand into other regions in North America and Asia to build market infrastructure for environmental assets.
According to reports, Neutral is a trading platform for environmental assets that combines tokenized carbon credits, renewable energy credits and carbon forwards with specialized market infrastructure to provide efficiency, transparency and trust in these markets.
global policy
Odaily News The Brazilian Securities and Exchange Commission (CVM) plans to launch a second regulatory sandbox program in 2024 aimed at exploring tokenization use cases. Daniel Maeda, CVM’s head of institutional investor regulation, said the launch of the regulatory sandbox program was encouraged by the success of approximately $36 million in tokenized assets.
Maeda noted that the CVM will not limit specific cases so that innovation can develop freely, but he mentioned that tokenization has potential applications in agriculture and environmental, social and governance areas, among others.
Additionally, Meda stated that CVM plans to wait for changes in the Brazilian crypto market, including those related to Drex, the Brazilian central bank’s digital currency. He believes that both securities regulators and central banks should consider developments in the digital asset field and the regulatory experience of other countries.
Odaily News The Cyprus Ministry of Finance plans to impose severe penalties on cryptocurrency service providers (CSPs) that fail to register with relevant authorities. These penalties include fines of up to €350,000 and imprisonment of up to five years, or both. The Ministry of Finance of Cyprus intends to amend the current Law on the Prevention and Suppression of Money Laundering and has submitted the amendments to the Parliamentary Legal Affairs Committee. Under the amendment, every service provider working with crypto-assets must register with the financial regulator the Cyprus Securities and Exchange Commission (CySEC). (Cyprus Mail)
Character*Voice
Odaily News Coinbase Director Conor Grogan posted on the X platform that on-chain data shows that Alameda has minted 39.55 billion USDT, accounting for 47% of the current circulating supply of USDT. A previous report by Protoss estimated this number at approximately $36.7 billion, and Conor Grogan updated the figure by adding some new wallets.
According to data provided by SBF, Alameda minted more USDT than its assets under management at the peak of the cryptocurrency market. But getting information about redemptions is difficult, in part because Tether appears to coordinate the destruction off-chain.
Odaily News Slow Mist Cosine posted on the This includes not executing JavaScript code from unknown sources in the browser console running friend.tech.
Odaily News Yoann Turpin, co-founder of crypto market maker Wintermute, said that some of the company’s employees have moved to traditional financial institutions, such as banks and hedge funds.
Despite the brain drain, Turpin believes there have been benefits. He said these employees will serve as advocates for Wintermute in new areas, helping traditional financial institutions better understand the cryptocurrency industry.
Additionally, he mentioned that this is one of the “unforeseen effects” of large institutions entering the cryptocurrency space. (DL News)
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