headlines
Data: More than 16.3 million APTs have been recharged to Binance, witch addresses account for over 65%
Odaily News According to the analysis of X-explore, as of 20:00 on October 19th, Beijing time, Binance has accumulated 28,000 users depositing more than 16.3 million APTs, including 4.12 million deposits from market makers, and was identified as a witch by X-explore The deposit accounted for nearly 40% of the address, more than 6.3 million pieces.
Tesla Q3 financial report: Bitcoin holdings remain unchanged
Earlier news, Tesla's Q2 financial report showed that it sold 75% of its Bitcoin holdings, with a related loss of $106 million.
Industry news
South Korean prosecutor: Do Kwon has left Singapore, flew to unknown area via Dubai
Odaily News South Korean prosecutors confirmed that Terra founder and CEO Do Kwon has left Singapore and flown to an unknown location via Dubai. The ministry and South Korean police have asked the country neighboring Dubai to help track Do Kwon's whereabouts.
South African Regulator: Crypto Finance Firms Must Apply for License to Operate in 2023
Odaily News South Africa's financial industry conduct regulator said on Thursday that cryptocurrency financial companies in South Africa will need to apply for a license between June 1 and November 20, 2023 in order to operate legally.
Eugene Du Toit, head of the Regulatory Frameworks Division at the Financial Industry Conduct Regulatory Agency, said at a news conference that Wednesday’s announcement that crypto assets are financial products does not mean they are legal tender.
US CFTC encryption regulation draft has been uploaded to GitHub, software developers will not be regarded as brokers
Odaily News A new draft of the U.S. Commodity Futures Trading Commission (CFTC) on the Digital Commodity Consumer Protection Act (DCCPA), which regulates the encryption industry, has been uploaded to GitHub.
In addition, the draft also shows that the CFTC is required to provide a report on the size of the DeFi market and protocols within 180 days of the enactment of the bill. It will also order the CFTC to liaise with foreign regulators to ensure that U.S. rules are harmonized with international regulations. (CoinDesk)
Project News
CZ: Entrusting a large number of UNIs is an oolong event, and Binance will not use user assets to participate in governance
Odaily News Zhao Changpeng tweeted that UNI was "automatically entrusted" due to protocol settings during the internal wallet transfer process, not Binance's active entrustment. Binance does not use users' tokens for voting or protocol governance.
Hayden Adams commented, "I said delegation not voting. UNI is only automatically delegated when it is sent to an address that has already been delegated. Indeed, we have no way of knowing whether this was intentional or not, which is why I ask you."
According to previous reports, Uniswap founder Hayden Adams tweeted that Binance has entrusted 13,242,550 UNIs, making it one of the addresses with the largest number of UNIs entrusted. This situation is very special. Although this volume only accounts for 1.3% of the current total number of UNI delegates, Uniswap's governance voting rights are still very scattered. Technically, these UNIs belong to Binance users. Usually more official participation in governance is a good thing, but it is unclear how Binance will participate in Uniswap's governance. I hope that CZ can communicate with Uniswap and express governance plans and opinions in the spirit of transparency and openness.
Kyle Roche has resigned from the firm that allegedly launched a vicious competition with Ava Labs
Odaily News The encrypted wallet application MetaMask has launched a software development kit MetaMask SDK (public beta version) compatible with MetaMask mobile version 5.8.1 for developers.
MetaMask launches MetaMask SDK public beta
Odaily News The encrypted wallet application MetaMask has launched a software development kit MetaMask SDK (public beta version) compatible with MetaMask mobile version 5.8.1 for developers.
According to reports, DApps usually access extensions from desktop browsers, or access mobile devices from in-app browsers, and the SDK makes it easier for native mobile and desktop applications, games, and web applications on mobile browsers to connect to MetaMask wallet.
Sui is about to update the MIST value display logic, 1SUI is equal to 1 billion MIST
Investment and Financing
Odaily news Solana ecological DeFi platform Mango said that the Mango v3 compensation redemption website has been launched. Affected users can apply for compensation based on the calculation results of the previously approved DAO proposal. If the user has multiple Mango accounts in the associated wallet, the recovery amount will be combined.
According to previous news, Mango, the Solana ecological DeFi platform, was hacked and lost more than 100 million US dollars.
Investment and Financing
Ottr Finance, an encryption application on the Solana chain, completed a $3.1 million pre-seed round of financing, with participation from Circle Ventures and others
Ottr provides a simple and intuitive solution that supports real-time and free sending of USDC without setting up a self-hosted wallet and storing mnemonic words, making it easier for mobile phone users to use US dollars to access cryptocurrencies. It is reported that the company will release Ottr NFT in November.
Odaily News Sports fan platform Mercury completed a $7.5 million seed round of financing, led by Multicoin Capital, with participation from North Island Ventures, Crosslink Capital, and Brevan Howard Digital. The new funds will be used to expand their partnerships with new schools and continue to grow their student-athlete roster. There will also be increased hiring at the leadership level. (The Block)
According to reports, Airstack will work by enabling decentralized applications to provide data to the "Airstack Engine" in a common format. This data will be parsed into a metadata format, which will allow developers to query it very quickly using the API. (The Block)
According to reports, Airstack will work by enabling decentralized applications to provide data to the "Airstack Engine" in a common format. This data will be parsed into a metadata format, which will allow developers to query it very quickly using the API. (The Block)
Web3 Startup Spindl Closes $7M Funding Led by DragonFly Capital and Chapter 1
Odaily News Spindl, a Miami-based Web3 start-up company, completed $7 million in financing. This round of financing was led by DragonFly Capital and Chapter 1, and Polygon Ventures, Tribe Capital, Multicoin, Solana Ventures, etc. participated in the investment. The new funds will be used to expand recruitment.
García Martínez, founder of Spindl, said that the company is trying to rebuild the basic infrastructure of Web2 e-commerce backend for Web3, that is, how Internet companies can track where their customers come from, and formulate customer acquisition strategies to attract more users. For example, Spindl can analyze Discord posts, Reddit forums, advertisements and other Internet links, pairing this data with on-chain behavior such as buying, selling and trading to create profiles that help protocols understand where traffic comes from.
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