headlines

Lawyer for Three Arrows Capital: Su Zhu and Kyle Davies, the founders, are currently missing.

Three Arrows Capital Lawyer: Founders Su Zhu and Kyle Davies are currently missing

Sberbank executes first digital asset issuance on its platform News Russia's major bank Sberbank (Sberbank) said on Saturday that it has conducted the first digital financial asset transaction on its own platform, and its subsidiary SberFactoring has executed a three-year Monthly issuance of 1 billion rubles ($16 million). (Reuters)

Major Russian bank Sberbank said on Saturday it has conducted the first digital financial asset transaction on its platform, with its subsidiary SberFactoring executing a three-month 1 billion ruble ($16 million) offering. (Reuters)

cryptocurrency

Foreign media: Crypto market maker Wintermute has returned hundreds of millions of dollars in debt to various lenders billions of dollars in debt." Gurevich added that crypto brokerage Voyager Digital has already recovered most of its loans to Wintermute. Voyager lent Wintermute $27.3 million at interest rates ranging from 4% to 13.5%, according to the Wall Street Journal. Voyager is known for offering lucrative yields on deposits it lends to large trading firms, including market makers such as Wintermute and Jump Trading. Since the collapse of hedge fund Three Arrows Capital, lenders have become more conservative, raising borrowing costs and calling in loans. (The Block)

Foreign media: Crypto market maker Wintermute has returned hundreds of millions of dollars in debt to lenders

Marina Gurevich, chief operating officer of crypto market maker Wintermute, told The Wall Street Journal in an interview that the company "paid hundreds of millions of dollars in debt to various lenders in the past few weeks." Gurevich added that crypto brokerage Voyager Digital has already recovered most of its loans to Wintermute. Voyager lent Wintermute $27.3 million at interest rates ranging from 4% to 13.5%, according to the Wall Street Journal. Voyager is known for offering lucrative yields on deposits it lends to large trading firms, including market makers such as Wintermute and Jump Trading. Since the collapse of hedge fund Three Arrows Capital, lenders have become more conservative, raising borrowing costs and calling in loans. (The Block)

Data: Ethereum 2.0 pledges have exceeded one-tenth of the circulating supply of ETH

According to Glassnode data, the current pledge amount of the Ethereum 2.0 deposit contract has exceeded 13 million ETH, which is about 10.9% of the total circulating supply. Among them, the number of ETH pledged by Lido is about 4.137 million, accounting for 31.8% of the total pledge amount; the total number of ETH pledged by Coinbase, Kraken and Binance is about 3.505 million, accounting for about 27% of the total pledge amount.

FTX Lists CRIPCO (IP3) Spot
According to official news, FTX will list CRIPCO (IP3) spot at 14:00 (UTC) on July 11, and open the IP3/USD trading pair. The opening time for IP3 deposit and withdrawal will be at 14:00 (UTC) on July 11.

Analysis: Bitcoin miners are reducing reserves to hedge against falling currency prices According to Chart Today's analysis based on Crypto Quant data, Bitcoin miners' reserves have dropped significantly in the past two weeks. This may indicate that, despite this week's price gains, trust in bitcoin's price reversal is dwindling. In the past two weeks, Bitcoin miners' reserves have fallen by about 4,300 coins, the data showed, suggesting hedging positions against a price drop. The general trend in the bitcoin mining community seems to be moving assets into derivatives markets. This could be a clear signal to expect further declines in the price of Bitcoin. Additionally, Glassnode research found that bitcoin miners are allocating bitcoin from their reserves. Bitcoin mining revenue is down 56% from its all-time high. Additionally, the cost of producing Bitcoin has increased by 132%, making things even worse for the miner community. (Coin Gape)

Analysis: Bitcoin miners are reducing reserves to hedge against falling prices
According to Chart Today's analysis based on Crypto Quant data, Bitcoin miners' reserves have dropped significantly over the past two weeks. This may indicate that, despite this week's price gains, trust in bitcoin's price reversal is dwindling. In the past two weeks, Bitcoin miners' reserves have fallen by about 4,300 coins, the data showed, suggesting hedging positions against a price drop.

ApeCoin: staking details are being finalized and a staking system compliant with AIPs-21&22 will be established ApeCoin tweeted that it is currently finalizing details of staking in order to update the progress of the project more broadly and establish a staking system compliant with AIPs-21&22. More updates and collaborations will be announced later.

ApeCoin: staking details are being finalized, and a staking system that complies with AIPs-21&22 will be established

Yam Finance Successfully Stops Governance Attack on Its Reserve Vault

Yam Finance Successfully Stops Governance Attack on Its Reserve Vault

NFT financialization protocol Omni X was attacked, caused by NFT re-entry According to BlockSec, the decentralized NFT financialization protocol Omni X was attacked, and the attacker used the re-entry of ERC721 to clear the settlement function. Due to a problem with Omni X's liquidation logic, the attacker's debt was incorrectly emptied after the liquidation, so the attacker could profit. The stolen funds have been transferred to Tornado.cash.

According to BlockSec, the decentralized NFT financialization protocol Omni X was attacked, and the attacker used the ERC721 reentrant liquidation function. Due to a problem with Omni X's liquidation logic, the attacker's debt was incorrectly emptied after the liquidation, so the attacker could profit. The stolen funds have been transferred to Tornado.cash.

GameFi and NFTs

The giant whale 0xcc505 has bid 1750 ETH on Punk 372 According to @CryptoPunks Bot’s tweet, the crypto whale 0xcc505 has bid 1750 ETH on Punk 372, which is about $2,126,110.08. If the transaction is completed, the transaction volume of the NFT denominated in ETH will hit the ninth highest record in history. According to the latest data from OpenSea, the current floor price of CryptoPunks is 74.65 ETH.

The giant whale 0xcc505 has bid 1750 ETH on Punk 372

"Global Times" will launch a news digital collection "Global Times" will launch a digital collection of heavy news at 5:20 pm on July 12, 2022, and will present it for the first time. In 1997, "Global Wenhui" was officially renamed "Global Times" The first issue of , namely: January 5, 1997 No. 207 "Global Times" front page digital collection, this collection will appear as a limited synthetic collection. It is reported that the "Global Times" series of digital collections launched this time has a total of 8 models, each with 10,000 pieces, and the unit price is 5.2 yuan. (The Paper)

Global Times to launch news digital collection
"Global Times" will launch a digital collection of heavy news at 5:20 pm on July 12, 2022, and will present for the first time the first issue of "Global Literature" officially renamed "Global Times" in 1997, namely: 1997 The front page digital collection of the 207th issue of "Global Times" on January 5th, this collection will appear as a limited synthetic collection.

According to the latest official news, Valerian NFT will launch the first round of sales at the same time on the official website and Binance NFT at 8:00 p.m. Beijing time on July 10. It is reported that the total number of Valerian NFTs is 9,999, which will be used as the social credentials of the Share Labs ecology and the admission ticket of the Interstellar Agent Club. Holding Valerian NFTs can obtain many rights and interests of the Share Labs ecology, such as enjoying future Share Cookies SC Coin airdrops and the Share Labs platform VIP PASS card and many other priority benefits.

Azuki announced the launch of customized Azuki NFT works inspired by Jay Chou's new album "The Greatest Work"

Investment and Financing

Investment and Financing

Salto X Completes €5.2 Million Seed Funding Round Led by ByFounders and Blockwall

Salto X completed a seed round of 5.2 million euros ($5.2946 million), led by ByFounders and Blockwall, Box Group, encrypted financial technology company 3Commas, and angel investors such as Liu Jiang (former Sequoia GP) and Alex Gluchkowski (founder of ZkSync) People also participated in this round of financing. It is reported that European stock options are reimagined by connecting the Web2 and Web3 worlds. Funds raised will be used to introduce its token incentive program to companies looking to retain and recruit top talent. (Eu-startups)

Sports betting platform Aver on the Solana chain completes a $7.5 million seed round, led by Jump Crypto

Aver, a sports betting platform on the Solana chain, announced the completion of a $7.5 million seed round of financing, led by Jump Crypto, with participation from PetRock Capital, Solar Eco Fund, and Gate.io. The new financing will be used to expand Aver's business in the United States and Europe, and cooperate with more game publishers and development companies to explore the P2E game business. (Play to Earn Diary)

Encryption startup DeepNFTValue completes $4 million in seed round financing led by Rockaway Blockchain Fund

Encryption startup DeepNFTValue announced the completion of a $4 million seed round of financing, led by Rockaway Blockchain Fund, with participation from 1Confirmation and Cygni Capital. It is reported that DeepNFTValue provides NFT with "fair value estimates" through machine learning technology, and buyers can compare their data with sales prices. The company has completed the valuation of the CryptoPunk NFT series based on attributes and transaction records, and plans to value NFT series such as BAYC, CloneX, Azuki and ArtBlocks in the future.

global regulation

global regulation

A spokesman for Russia's financial regulator, Rosfinmonitoring, said officials hope to regulate the crypto industry later this year and are currently improving its ability to track cryptocurrency transactions. In response, Anatoly Aksakov, chairman of the Finance Committee of the Russian lower house of parliament, said that draft legislation on regulating cryptocurrencies will be submitted this fall. (The Block)

character * voice

MicroStrategy CEO: ETH is a security, BTC is the only commodity in the crypto space

MicroStrategy CEO: ETH is a security, BTC is the only commodity in the crypto space

Justin Sun: Web3 can bring Sri Lanka out of bankruptcy TRON founder Justin Sun tweeted, "Sri Lanka has officially entered the DAO mode. I have some good ideas on how to get Sri Lanka out of bankruptcy and into prosperity, using Web3 as a solution."

Justin Sun: Web3 can save Sri Lanka from bankruptcy