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NFT Worlds will develop new games and platforms based on the core mechanics of Minecraft

NFT Worlds said that in response to the rules of "My World" that prohibits the integration of blockchain technology in client and server applications, NFT Worlds will develop an application that is compatible with "My World" plug-ins and other components based on the core mechanism of "My World". New games and platforms, new games will refer to "Minecraft" but will not use open source code to prevent violations of relevant laws. NFT Worlds also stated that it is currently recruiting developers in the "Minecraft" ecosystem to join NFT Worlds. Before the development of new games is completed, the launcher and game pages of NFT Worlds will remain open.

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FTX, Alameda Ventures Propose Joint Plan to Provide Liquidity to Voyager Users

Industry news

Cryptocurrency exchange FTX has proposed a plan to give Voyager Digital customers the opportunity to receive partial bankruptcy claims instantly through the FTX platform. FTX Trading announced on Friday that it proposed the above-mentioned plan together with West Realm Shires Inc. (FTX.US parent company) and Alameda Ventures. It is reported that Voyager Digital customers with bankruptcy claims will be able to immediately obtain some funds by opening an FTX.com account, and these funds can be withdrawn and traded on FTX. The proposal is subject to bankruptcy court approval. In its press statement, FTX said it hopes to complete it as soon as possible, "preferably in early August." In addition, FTX said the company proposing the plan would not take out Voyager’s loans to Three Arrows, and that Voyager debtors “can continue to pursue recovery from Three Arrows.”

Sam Bankman-Fried said that Voyager's customers did not choose to be bankrupt investors with unsecured claims, and the goal of the joint proposal was to help build a better way to resolve insolvent crypto businesses. This approach allows clients to obtain early liquidity and recover some assets without forcing them to speculate on the outcome of bankruptcy and take a one-sided approach to risk. (The Block)

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Industry news

Forbes looks forward to the Fed's interest rate decision: expected to raise interest rates by 75 basis points

Analyst Wayne Duggan said the Fed could raise interest rates for a second straight 75 basis points and continue to allow the reduction of its $9 trillion balance sheet as it tries to reduce inflation without tipping the U.S. economy into recession. The employment data suggested that the labor market has not softened yet. Brian Price, head of investment management at Commonwealth Financial, said any more than a 75 basis point hike would surprise the market. (Golden Ten)

Crypto lending platform Cred blames crypto exchange Uphold for bankruptcy in lawsuit

The liquidation trust of encrypted lending platform Cred sued cryptocurrency exchange Uphold on Friday, alleging that Uphold orchestrated the product that eventually led to Cred seeking bankruptcy protection in 2020.

Cred and Uphold co-founded and promoted CredEarn, through which Cred lent more than $100 million in customer deposits before going bankrupt in 2020, according to Cred Inc. Liquidation Trust. "Uphold prompted tens of thousands of user cryptocurrencies to lend to the CredEarn program by falsely promoting it as 'safe,' 'secure,' 'insured,' and 'fully hedged,'" the lawsuit said.

As evidence, the Cred Liquidation Trust pointed to Cred founder Dan Schatt as a board member of Uphold. The lawsuit also claims that CredEarn was known as UpholdEarn at one point. It was renamed to avoid regulatory risk, the lawsuit said.

American Cancer Society: DOGE is already the third largest encryption donation channel

According to the official disclosure of the American Cancer Society (American Cancer Society), DOGE has become the association's third largest donated cryptocurrency. 4% of the organization's total donation size.

CoinFLEX proposes a compensation plan, which will compensate users by issuing rvUSD tokens representing the value of the arrears

The cryptocurrency exchange CoinFLEX stated that since it takes time to recover the owed funds, it first proposes a compensation plan for users, including issuing rvUSD tokens representing the value of the arrears, CoinFLEX shares and locked FLEX tokens to compensate users, and transferring existing Further allocation of funds, opening of the locked token trading market, etc., allows users to sell their rvUSD tokens, CoinFLEX shares and FLEX tokens to obtain liquidity in advance.

Zipmex has announced the resumption of withdrawals from its trading wallets, after a two-day suspension of the function.

Project News

Zipmex uses two types of wallets to manage its assets. The first is called a "Trade Wallet," and users can deposit fiat currency and other crypto assets into the wallet if they wish to trade on the platform. Z Wallet is a second type of wallet where exchange users can deposit funds to earn rewards.

In its update, Zipmex stated that users can withdraw funds from Trade Wallet starting from 7:00 am EST on Friday, July 22nd (19:00 Beijing time on July 22nd). However, the platform added that Z Wallet will remain closed, meaning its normal operations have not yet resumed. (The Block)

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Project News

Coinbase Wallet Integrates OpenSea and Rarible Orders

According to official news, Coinbase Wallet has been upgraded to make NFT transactions more seamless and more friendly to new users.

In addition, the function of the Coinbase wallet has been further expanded, and it can broadcast the quotation information of the NFT market OpenSea and Rarible, which means that users can view NFT orders on the Coinbase wallet, and may also accept or quote from giant whales through the built-in tools of the wallet.

NFT project Pudgy Penguins announces airdrop of soul-bound token truePengu for NFT holders

Metaverse GameFi and NFT

Uniswap will implement NFT transactions by integrating sudoswap

The head of Uniswap product said on Twitter that Uniswap will realize NFT transactions by integrating sudoswap.

As previously reported, the NFT trading platform sudoswap publicly released the NFT market agreement sudoAMM, users can create a liquidity pool and gradually buy and sell NFT according to the price curve, provide liquidity for the liquidity pool of buying and selling NFT to earn fees, and directly list their assets at a fixed price NFT. In addition, LP can fully control the pricing of the liquidity pool and can adjust it at any time.

NFT project Pudgy Penguins announces airdrop of soul-bound token truePengu for NFT holders

The NFT project Pudgy Penguins announced that it will airdrop the soul-bound token truePengu to its NFT holders on the first anniversary of the project. It is reported that truePengu is an ERC1155 Token and cannot be traded. NFT holders are classified into different categories according to the NFT they hold and receive their respective truePengu.

According to official news, users who hold the same ID of Pudgy Penguin, Lil Pudgy, and Pudgy Rod NFT at the time of the snapshot will be airdropped with Ice truePeng soul-bound tokens. Users who held Pudgy Penguin and Lil Pudgy at the time of the snapshot will be airdropped with Iridescent truePengu. Users who held Pudgy Penguin at the time of the snapshot will be airdropped Gold truePengu. The above indicators cannot be superimposed, and each user can only obtain one soul-bound token according to the highest specification. This snapshot was taken at 0:00 EST on July 22, 2022.

Investment and Financing

The NFT project Pudgy Penguins announced that it will airdrop the soul-bound token truePengu to its NFT holders on the first anniversary of the project. It is reported that truePengu is an ERC1155 Token and cannot be traded. NFT holders are classified into different categories according to the NFT they hold and receive their respective truePengu.

According to official news, users who hold the same ID of Pudgy Penguin, Lil Pudgy, and Pudgy Rod NFT at the time of the snapshot will be airdropped with Ice truePeng soul-bound tokens. Users who held Pudgy Penguin and Lil Pudgy at the time of the snapshot will be airdropped with Iridescent truePengu. Users who held Pudgy Penguin at the time of the snapshot will be airdropped Gold truePengu. The above indicators cannot be superimposed, and each user can only obtain one soul-bound token according to the highest specification. This snapshot was taken at 0:00 EST on July 22, 2022.

Thailand’s Siam Bank’s digital lending platform SCB Abacus completes US$20 million in Series B financing

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Thailand’s Siam Bank’s digital lending platform SCB Abacus announced the completion of a US$20 million Series B round of financing. The specific financing information has not yet been disclosed. The company’s total funding so far has reached US$41 million (about 1.5 billion baht), and its early investors include Openspace Ventures, Vertex Ventures Southeast Asia and CAI Partners.

SCB 10X is the fintech investment arm of Siam Bank of Thailand, engaged in venture capital activities in fields such as encryption and fintech. SCB Abacus is a subsidiary of SCB 10X, which mainly provides financing channels for some customers who cannot obtain bank loans. At present, it has reached cooperation with Thailand Post, Lazada, Foodpanda and other companies. (Deal Street Asia)

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Report: In 2022, the profit of holding stable currency will exceed that of legal currency

CryptoQuant, a blockchain analytics company, released a report evaluating data on stablecoins and their anchoring robustness. The report found that holding almost all of the currently top-ranked stablecoins throughout 2022 is slightly more profitable than holding actual U.S. dollars.