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| Nomad funds return in progress; a developer forged 11 fake identities to inflate billions of TVL (August 8)
Loopy Lu
读者
2022-08-08 00:05
This article is about 6615 words, reading the full article takes about 10 minutes
ARK Invest believes that the entire system is deleveraging, which paves the way for Bitcoin's recovery.

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Nomad: Attackers who return more than 90% of stolen funds will be rewarded with up to 10%

, with a total of $35.7 million recovered so far

Cross-chain interoperability protocol Nomad said it would offer rewards of up to 10 percent to attackers who return more than 90 percent of stolen funds.

Nomad stated that 0x6bbda6319f45e964727b4dbf7e15292d35ae9706 returned $3.1 million to the official recovery address, for a total of $35.7 million recovered so far.

The staffer said the SEC objected to what it called "law enforcement action" following multiple actions demonstrating the regulator's jurisdiction over the cryptocurrency industry, as well as a strong response from the Commodity Futures Trading Commission (CFTC). Supervision". The SEC is eager to resolve its dispute with the CFTC over crypto jurisdiction. If the matter is not resolved internally, he said lawmakers will have to get involved, and Congress will likely side with the CFTC. (Forbes)

Voyager Digital cleared to return $270 million in customer funds

Crypto lending provider Voyager Digital has received approval from the U.S. Bankruptcy Court to return $270 million in customer cash. Judge Michael Wiles, the judge overseeing Voyager's bankruptcy case, ruled that the company provided sufficient evidence to support its argument that customers should be allowed access to MetBank custodial accounts, Reuters quoted the Wall Street Journal as saying. (Reuters)

Industry news

Voyager Digital cleared to return $270 million in customer funds

Crypto lending provider Voyager Digital has received approval from the U.S. Bankruptcy Court to return $270 million in customer cash. Judge Michael Wiles, the judge overseeing Voyager's bankruptcy case, ruled that the company provided sufficient evidence to support its argument that customers should be allowed access to MetBank custodial accounts, Reuters quoted the Wall Street Journal as saying. (Reuters)

Industry news

Max Keizer: El Salvador's Bitcoin Volcano Bond to Launch in Q3

According to a tweet posted by bitcoin analyst Bitcoin Archive, Wall Street analyst Max Keizer said that El Salvador's bitcoin volcano bond will be launched in the third quarter.

President of Central African Republic: Supports Bitcoin nationwide

According to a tweet posted by bitcoin analyst Bitcoin Archive, the president of the Central African Republic expressed support for the use of bitcoin across the country.

The U.S. Senate moved ahead with a Democratic-sponsored "Inflation Reduction Act" bill by a 51-50 vote. The legislative content of the bill includes addressing climate change and expanding health care coverage, among others. The bill will go to a final vote in the next few days. (Golden Ten)

Project News

Central Bank: Supporting systems and regulations for digital renminbi are on the agenda

The relevant person in charge of the People's Bank of China stated recently that it will study and issue relevant laws and regulations and industry supporting policies for digital renminbi, continue to improve digital renminbi technical standards, and consolidate the legal basis for digital renminbi. (Financial Association)

Project News

Ethereum core developer: If the testnet merges smoothly, the total difficulty of the Ethereum mainnet merger will be agreed on August 11

Ethereum core developer Tim Beiko said that in order to ensure that the community is ready for the reorganization of the Ethereum mainnet merger, the team will determine the mainnet merger time as soon as possible. If the merger of the Goerli testnet goes well, the development team will make a preliminary setting of the total difficulty (TDD) of the Ethereum mainnet merger in a conference call on August 11. Then, according to the follow-up progress, the TDD will be re-determined on August 18.

NEAR Protocol: Email and SMS data tied to user wallets leaked

NEAR Protocol revealed that SMS and email data used as recovery options had been leaked to a third party in June. NEAR said it was able to quickly resolve the situation by revoking the third party or its employees’ access to the data, preventing the breach from posing a threat to users’ financial security or privacy.

On June 6, an ethical hacking team named Hacxyk reported the vulnerability and received a bounty. Hacxyk said the third party was analytics service Mixpanel, and compared the incident to the ongoing Slope wallet issue, in which details were accidentally transmitted to a centralized server. Hacxyk added that private keys may also have been compromised. (The Block)

12 Crypto Firms Have Submitted License Applications to the Central Bank of Portugal, Final Decision to be Announced Before Year End

According to Dinheiro Vivo, 12 digital asset brokerage firms are currently waiting for permission from the Central Bank of Portugal (BdP) to operate in Portugal. The BdP's final decision is due by the end of the year, unless the regulator asks the companies for additional data, which would extend the decision deadline to 2023. Currently, there are five cryptocurrency brokers operating in Portugal: Criptoloja, Mind The Coin, Digital Luso, Utrust, Bison Digital Assets. If the BdP accepts all requests that are still under review, the number of cryptocurrency exchanges in Portugal will increase from five to 17. Binance was also among the companies that submitted the application, with the exchange drawing up a license application in July. While still awaiting a final decision, Binance has already started hiring in Portugal with six vacancies and posted job advertisements on its platform. (The Portugal News)

Lawyer for Voyager Digital: The company has received multiple acquisition offers higher than FTX

Arbitrum One mainnet will migrate to Nitro on August 31st

Offchain Labs, the developer of Ethereum scaling solution Arbitrum, announced that the ArbitrumOne mainnet will be migrated to Nitro on August 31. Offchain Labs stated that a week before the mainnet migration, that is, on August 24, a shadow fork migration is planned as the last rehearsal before the mainnet migration. Shadow forks allow to run a parachain that replicates the state of another chain and still receive incoming transactions from the main chain.

Joshua Sussberg, a lawyer for Voyager Digital, said in court Thursday that the company has received multiple takeover offers higher than those of FTX and Alameda. Voyager rejected FTX's offer last week. Alameda previously lent Voyager via a $200 million cash/USDC-backed credit facility and 15,000 BTC. (CoinDesk)

Arbitrum One mainnet will migrate to Nitro on August 31st

Offchain Labs, the developer of Ethereum scaling solution Arbitrum, announced that the ArbitrumOne mainnet will be migrated to Nitro on August 31. Offchain Labs stated that a week before the mainnet migration, that is, on August 24, a shadow fork migration is planned as the last rehearsal before the mainnet migration. Shadow forks allow to run a parachain that replicates the state of another chain and still receive incoming transactions from the main chain.

Foreign media: A developer forged 11 fake identities, and the funds in Solana TVL were double counted

According to people familiar with the matter, Ian Macalinao, the chief architect of Saber, has 11 false identities, including Surya Khosla, the developer of the Solana ecological DeFi income aggregator protocol Sunny, 0xGhostchain, the founder of the Solana algorithm Stablecoin project Cashio, and Goki Rajesh, the founder of the multi-signature wallet Goki, etc. . Because of the TVL algorithm written by Ian Macalinao, billions of dollars of funds have been double-counted multiple times in Solana's DeFi ecosystem (including at least Sunny and Saber). And Ian Macalinao had previously said that he believed that the explosive growth of TVL had triggered the skyrocketing price of SOL.

Wazirx executives raided, Rs 646.7 crore bank assets frozen

Metaverse GameFi and NFT

According to market news, the Indian Law Enforcement Agency searched the head of the Wazirx cryptocurrency exchange and froze its bank assets worth 646.7 million rupees.

Earlier news, the Indian Ministry of Finance confirmed on August 2 that WazirX is being investigated for two cases of money laundering and violation of foreign exchange rules. India's Finance Minister Pankaj Chaudhary said in a written reply to the upper house of parliament that the Enforcement Bureau was investigating allegations that 27.9 billion rupiah (more than $350 million) was laundered through WazirX. (Golden Ten)

Metaverse GameFi and NFT

BAYC #6045 signs with MLS to play in MLS All-Star Game on Aug. 10

Virtual Athlete Striker (formerly BAYC #6045) has signed with Major League Soccer (MLS) to play in the role of striker on the virtual field for the MLS All-Star Game on August 10th.

Tiffany raises over $12.5 million through NFTiff

Investment and Financing

American jewelry brand Tiffany & Co has raised more than $12.5 million through its first NFT series "NFTiff". The 250 NFTiffs in this series were all sold out within 20 minutes after they went on sale at 22:00 Beijing time today.

According to previous news, the American jewelry brand Tiffany & Co announced the issuance of NFT, which is only sold to CryptoPunks holders, and each NFT is priced at 30 ETH. (Cryptobriefing)

Investment and Financing

In the first half of 2022, there will be nearly 1,200 financing transactions in the encryption industry, with a total amount of over 30 billion U.S. dollars

According to the latest report data from encryption analysis companies Messari and Dove Metrics, in the first half of 2022, fields such as CeFi, DeFi, NFT, and encryption infrastructure have raised a total of 30.3 billion US dollars through 1,199 financing transactions, exceeding the total sum of 2021. More than one-third of the raised funds (approximately US$10.2 billion) entered the CeFi field, and the infrastructure and NFT fields also received a large amount of investment, but the DeFi field attracted only $1.8 billion in funds. (Cointelegraph)

Lattice Capital's second crypto fund has raised $60 million

Mike Zajko, a partner at venture capital firm Lattice Capital, said it has raised $60 million for its second crypto fund, triple the amount of its first fund last August.

Global hedge fund giant Brevan Howard has launched a crypto hedge fund that has raised more than $1 billion from institutional investors, according to four people familiar with the matter. Another source said that even as the bankruptcy of crypto lending platforms such as Terra stablecoin UST, Celsius and Voyager plunged the entire crypto market into recession, the fund's early performance has beaten competitors, and its hybrid vehicle "Brevan Howard Digital Asset Multi-Strategy Fund" lost only 4% to 5% from its inception to the end of June. The fund remains open to outside capital, and its limited partners include some of the world's largest and most sophisticated hedge fund investors, including industry giants that specialize in backing traditional finance, the sources said. (Block Works)

Web3 startup Halliday completes $6 million seed round led by a16z

Halliday, a Web3 start-up company, has completed a $6 million seed round of financing, led by Andreesen Horowitz (a16z), with participation from Hashed, A.Capital, and SV Angel.

Griffin Dunaif, co-founder of Halliday, said that Halliday provides gamers with a "play now, pay later" option. Halliday’s goal is to make in-game purchases and NFT proof of ownership more affordable and convenient for gamers who might be annoyed by the high prices of in-game NFTs. Halliday gives players access to an in-game NFT marketplace. Without leaving the game, players can select the digital collectibles they want and buy them outright, or enter into a payment plan with Halliday. (Decrypt)

Web3 startup Halliday completes $6 million seed round led by a16z

Halliday, a Web3 start-up company, has completed a $6 million seed round of financing, led by Andreesen Horowitz (a16z), with participation from Hashed, A.Capital, and SV Angel.

Blockchain data startup Coherent completes $4.5 million in seed round financing, led by Kindred Ventures and others

INK Games, a Web3 social gaming platform, completes $18.75 million in financing

INK Games, a Web3 social gaming platform, announced the completion of the latest financing of US$18.75 million, without disclosing investor information.

INK Games plans to use the raised funds to build out its platform, as well as accelerate its mobile game development. It is reported that INK is building a Web3 social gaming platform that allows users to profit from their social influence and audience engagement, and also get paid by playing games and recommending others. The company raised $9.5 million last September, bringing its total funding to date to $28.25 million. (Venturebeat)

Blockchain data startup Coherent completes $4.5 million in seed round financing, led by Kindred Ventures and others

Coherent, a blockchain data startup, completed a $4.5 million seed round of financing led by Kindred Ventures, Matchstick Ventures, and Foundry Group, with participation from Coinbase Ventures, Alchemy, Chapter One, and early Coinbase employee Dan Romero.

It is reported that Coherent, founded by former Coinbase senior software engineer Carl Cortright, is developing APIs that allow developers to use their data to build applications and provide new features. According to Cortright, the company focuses on three types of data, on-chain transaction history, NFT data, and digital credentials. Coherent’s product is currently in beta and is expected to launch in September. (The Block)

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Coherent, a blockchain data startup, completed a $4.5 million seed round of financing led by Kindred Ventures, Matchstick Ventures, and Foundry Group, with participation from Coinbase Ventures, Alchemy, Chapter One, and early Coinbase employee Dan Romero.

It is reported that Coherent, founded by former Coinbase senior software engineer Carl Cortright, is developing APIs that allow developers to use their data to build applications and provide new features. According to Cortright, the company focuses on three types of data, on-chain transaction history, NFT data, and digital credentials. Coherent’s product is currently in beta and is expected to launch in September. (The Block)

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Fed's Mester: Fed will cut rates once inflation falls back closer to 2% target

Fed Mester said that the U.S. economy is not in recession now, but the risk of recession has risen, the Fed is committed to reducing inflation to the target value, and needs to further raise interest rates to ease demand. Given the size of its balance sheet, the Fed should discuss selling some mortgage-backed securities. It also said it wanted its balance sheet to fall to $6.5-7 trillion.

Once inflation falls back closer to its 2% target, the Fed will cut rates. I think the rate should be slightly above 4%. And said that it is not unreasonable to think that the Fed may raise interest rates by 75 basis points in September; but it is very likely to be 50 basis points, and the Fed will be guided by data. Rates should continue to rise this year and the first half of next year; then we may be able to stop and start cutting rates. (Golden Ten)

ARK Invest: Industry leverage is being unwound, paving way for Bitcoin recovery

Bitcoin Archive tweeted that ARK Invest stated that the leverage of the entire ecosystem is being lifted, paving the way for Bitcoin's recovery.

Musk calls for public debate with Twitter CEO to clarify Twitter real account issues to public

Musk has challenged Twitter CEO Parag Agrawal to start a public debate on the number of bots on Twitter. Musk stated that let Parag Agrawal prove to the public that Twitter has less than 5% of fake or spam users every day. According to previous news, Musk replied to netizens on Twitter that if Twitter provides a method for sampling 100 accounts and how to confirm that these accounts are real, then the acquisition of Twitter will be carried out according to the original terms. However, if their filings with the Securities and Exchange Commission (SEC) turn out to be materially false, the deal will not go ahead.



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