Headline
Amazon Launches Managed Blockchain Service
Odaily News: Amazon has launched its managed blockchain service (AMB), which allows users to build applications faster using its blockchain infrastructure and expands the accessibility of access and query functionality. AMB provides calling nodes that developers can interact with digital assets and DApps across multiple chains using RPC without the need for specialized infrastructure. (CoinDesk)
EraLend: Suspicious CEX Accounts Associated with Hackers Discovered
Odaily News: EraLend has announced partial progress in the hacker attack incident and has discovered suspicious CEX accounts associated with hackers, providing relevant information to the police. In order to trace the attacker's real IP location, they have submitted a formal investigation request to the VPN service provider.
Industry News
Odaily News: Data provider Flipside has partnered with blockchain development platforms QuickNode, Alchemy, Helius, Footprint, Playgrounds, StrangeLove, DappLooker, Credmark, Blockpour, BitQuery, SubQuery, and Chainbase to launch the unified encrypted data platform "LiveQuery". It supports real-time querying of on-chain and off-chain data APIs, and can be used in parallel with SQL. Analysts no longer need to switch between platforms or manually collect data from different sources. Additionally, they can now combine datasets in a single query, unlocking new use cases.
In addition to encrypted data, the platform will also expand into other areas such as stocks, sports, the Federal Reserve, and artificial intelligence data. Flipside is accepting API requests, which means any API can be added to the LiveQuery marketplace for easy access. Any API can be queried programmatically within the platform. (PR Newswire)
US presidential candidate Robert Kennedy Jr. confirms recent purchase of 14 bitcoins
Odaily News: US Democratic presidential candidate Robert Kennedy Jr. confirmed on Twitter Spaces that he does hold bitcoins.
Kennedy said, "After the Bitcoin conference, I decided to take action and bought two bitcoins for each of my seven children." At the current price of $29,500, these 14 bitcoins are worth nearly $414,000.
Kennedy expressed his support for Bitcoin at the Miami Bitcoin Conference held from May 18th to May 20th this year.
Last week, he further pledged that if he wins the presidential election, he will exempt Bitcoin from capital gains tax and begin using hard assets such as Bitcoin to support the US dollar. (CoinDesk)
Odaily News: The joint investigation team on virtual asset crimes in South Korea has launched investigations into three fraud allegations related to cryptocurrency. These include allegations of fraud against executives of Delio and Haru Invest, allegations of fraud against executives of Pica Project, the issuer of Pica, and allegations of fraud against executives of WeMade, the issuer of Wemix.
According to reports, the joint investigation team plans to swiftly handle the current cases. (Hankyung)
RWA company Securitize to issue real estate trust tokenized shares
Odaily News: RWA company Securitize is set to issue tokenized shares of Spanish real estate trust Mancipi Partners on Avalanche and will commence secondary trading in September. One month ago, the Spanish Ministry of Finance approved the company to issue digital asset equities to a select group of enterprises and investors under regulated "sandbox" conditions. Following regulatory testing, Securitize will be able to more widely issue, manage, and trade tokenized securities. (The Block)
Project News
Odaily News: Sui released a statement stating that MovEx received locked SUI tokens as compensation for work done on DeepBook, according to the contract. However, MovEx violated the lock-up agreement and initiated transactions from the wallet. MovEx did not notify the Sui Foundation of these transactions, and the Sui Foundation did not approve them in any way. At the request of the Sui Foundation, MovEx returned the tokens to the main receiving address and then transferred them to a qualified custodian to enforce the contract lock-up restrictions.
As a result of MovEx's breach of contract, the Sui Foundation has terminated its partnership with the MovEx team and will not distribute any batch of SUI tokens to MovEx in the future. MovEx will also no longer be one of the main contributors to the DeepBook smart contract.
Currently, all other locked tokens are stored in qualified custodial accounts that have agreed to enforce such lock-up provisions.
Sui Testnet now supports liquidity staking
Odaily news Sui official website announced that Sui Testnet now supports liquidity staking. After all compatibility tests are completed, this feature will be added to the mainnet in the next upgrade.
Sui stated that this upgrade is completed through SIP 6. Previously, stakers on the Sui network would receive a packaged asset representing their rights after completing the staking process, but this asset could not be circulated. This means that a portion of the staked tokens were actually removed from circulation. After the upgrade, the packaged tokens will be freely transferable and tradable. This means that developers will be able to provide liquidity staking services and create more DeFi applications based on this.
Odaily news Gitcoin Passport tweeted that it has integrated with the Galxe community activity platform to enhance anti-bot and anti-sybil capabilities. To this end, Gitcoin Passport has launched the AntiSybilAssembly NFT, which can be claimed on July 31st based on a unique human score, and different NFTs will be available.
MakerDAO is increasing interest rates to achieve DAI growth
Odaily news MakerDAO passed a governance proposal on Thursday to enhance the DAI Savings Rate (DSR), planning to temporarily raise DSR to 8% to attract more users.
The supply of DAI has decreased from 6.9 billion a year ago to the current 4.6 billion, while the stablecoin market cap has dropped from $160 billion to $127 billion. Last week, the protocol raised DSR to 3.49% to attract users from its competitors. (CoinDesk)
Odaily News - Michael Wagner, CEO of Star Atlas, a chain game based on Solana, outlined the company's new vision in the community, including a focus on creating lower-cost game projects. He said he hopes to launch a new version of the Sage online browser game in about three weeks. Wagner hopes to turn Star Atlas' fate around through the launch of Sage and mobile games. Wagner said, "For me, this mobile application is an excellent opportunity to expand the user base; from the company's perspective, it actually provides an opportunity to generate income from a new asset class." (The Block)
Investment and Financing
Aethir completes $150 million Pre-A round of financing, led by Sanctor Capital and Hashkey
Odaily News - Aethir, the leader in decentralized GPU infrastructure, announced the completion of the Pre-A round of financing, with a total financing amount exceeding $9 million and a company valuation of $150 million. It is reported that this round of financing is another round of financing after the seed round led by Framework Ventures and Infinity Ventures Crypto. This round is led by institutions such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX, with Mirana Ventures, Animoca Brands, Momentum 6, Big Brain Holdings, Builder Capital, Tess Ventures, and Maelstrom (Arthur Hayes) also participating in the investment.
The new funds will be used for global business expansion in key markets such as Southeast Asia, Latin America, and North America, as well as for strengthening technological research and development and application innovation support.
It is reported that Aethir is a pioneer in globally scalable and resilient decentralized cloud infrastructure (DCI), aiming to solve the challenges faced by the cloud industry by providing scalable and secure cloud services to meet the needs of global gaming and artificial intelligence companies.
Animoca Brands invests $30 million in Web3 payment application and protocol hi
Odaily News reports that Animoca Brands has announced a $30 million investment in the cryptocurrency payment application hi. In addition, hi has partnered with Animoca Brands to help bring practicality to NFTs for their portfolio companies and the entire Web3 ecosystem. Co-founder Sean Rach said that hi plans to use this funding to expand their application and prepare for the mainnet launch of the hi protocol, which is compatible with the Ethereum Virtual Machine (EVM).
It is reported that hi is working on implementing Proof of Human Identity (POHI) into their KYC process, but it does not involve scanning irises. hi currently has 3.5 million users and 1 million KYC users, and they plan to increase these numbers by implementing POHI. (CoinDesk)
Odaily News: EthStorage, a second-layer network data storage solution project based on Ethereum, has completed a seed round financing of $7 million with a valuation of $100 million. The financing was led by dao5, with participation from SevenX Ventures, Foresight Venture, DragonRoark, Cloud Nine Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W3.Hitchhiker, and other angel investors.
EthStorage provides programmable dynamic data storage based on Ethereum's data availability technology. The team has received funding from the Ethereum Foundation's Ecosystem Support Program (ESP) twice for research in data availability sampling and Layer 2 network dynamic data storage proof.
EthStorage also won first place in the Super Demo event at the Ethereum Community Development Conference (EDCON) held in Montenegro in 2023. The raised funds will be used to expand the team, support research, develop products, enhance the brand, and attract more ecosystem partners to use EthStorage.
Passage completes $6 million financing with Akash Network as the lead investor
Odaily News: Passage announced the completion of a $6 million financing round with Akash Network as the lead investor. Other participants include Druid Ventures, Vitwit, Cosmostation, Hyperchain Capital, Chorus One, Cogitent Ventures. Passage will use this funding to further develop its social tools, build enterprise solutions, and integrate AI.
Odaily News: The Animal Age, a pet development metaverse project, recently completed its seed round of financing. The round was led by Spark Digital Capital, with participation from AngelList, Alumni Venture, Kraken, Vega Venture, Celo Stellar, and Founders Fund. The investment amount has not been disclosed. The funds raised in this round will be used for product development, community building, and expanding its global team.
According to reports, The Animal Age relies on the world's largest cat charity rescue organization, "Crazy Cat Club," and aims to create a new pet development experience through blockchain technology, gaming, NFTs, and the metaverse. The company's first product is a cat-themed pet development game. Currently, their Crazy Cat Club Facebook fan group has exceeded 1.1 million users. The company has revealed that it will announce some "major partnership relationships" on July 28th and launch a "cat slave development program" for the community on July 30th, during which they will give away Genesis Cat NFTs, rare items, etc. The cat development game will also be launched in the next few weeks.
Global Policy
Odaily News: On Wednesday, an important committee of the US House of Representatives approved the legislation "21st Century Financial Innovation and Technology Act" supported by cryptocurrency advocates. The bill aims to establish clearer rules for the emerging industry.
The bill was approved by the House Financial Services Committee with a vote of 35 to 15. This legislation will establish rules for when cryptocurrency companies must register with the SEC or CFTC. It provides a process for digital asset issuers to prove to the SEC that the blockchain network is sufficiently decentralized, allowing the tokens to be classified as commodities regulated by the CFTC. The bill also requires the two agencies to participate in joint rulemaking and to conduct research on issues including NFTs and DeFi.
Furthermore, the bill stipulates that digital assets themselves are not securities as they are sold as part of investment contracts.
The next step for the bill is to be submitted to the House Agriculture Committee for review, which includes providing an additional $120 million in funding for the CFTC. According to the bill, the CFTC will gain new powers to regulate this asset class.
It is worth mentioning that the bill is expected to face significant resistance in the Democrat-led Senate as Ohio Senator Sherrod Brown, chairman of the Senate Banking Committee, has been skeptical of the cryptocurrency industry. (Bloomberg)
Odaily News: US Congressman Tom Emmer tweeted that his "Blockchain Regulatory Certainty Act" (BRCA) has passed the House Financial Services Committee.
It is reported that the bill legally compiles key Treasury Department guidelines established during the Obama administration, revised during the Trump administration, and still followed during the Biden administration. It clarifies that non-custodial blockchain developers and service providers (miners, validators, wallet providers) who do not hold consumer funds do not need to register as money transmitters, and they are not subject to the same level of regulation as custodial cryptocurrency exchanges.
Emmer stated that BRCA provides regulatory certainty to the digital asset ecosystem to maintain innovation in the United States and ensure that the future digital economy reflects American values.
Odaily News The Korean Bankers Association, financial regulators, and virtual asset exchanges are negotiating the development of the "Guidelines for the Operation of Real-name Virtual Asset Accounts." The aim is to strengthen the protection of virtual asset users and prevent money laundering activities.
Among them, banks require virtual asset exchanges to fulfill their responsibility for compensating users for damages (hacker attacks, computer malfunctions, etc.) and maintain reserves of no less than 3 billion Korean won.
In addition, banks plan to strengthen customer authentication procedures for real-name account users annually, including additional authentication requirements for receiving and transferring funds, as well as restrictions on receiving and transferring funds for accounts that have been inactive for a long time. They also have established anti-money laundering standards and procedures related to real-name authentication.
To implement measures for the protection of virtual asset exchange users as soon as possible, the accumulation of reserve funds will be implemented starting from early September. In addition, the development of work procedures and computer systems will be gradually implemented before March next year. (News 1)
Israel establishes a special review group to explore DAO regulatory laws
Odaily News Israel has established a special review group to explore DAO regulatory laws. The public can provide feedback and opinions until September 3. The scope of the review includes organizational status, taxation, and other aspects to enhance legal certainty, reduce risks in DAO activities, and enhance Israel's economic potential. (CoinDesk)
People's Opinions
Odaily News Paradigm has released a stablecoin report, which points out that stablecoins present an opportunity to effectively expand the payment system. However, recent policy views have sought to include stablecoins within the banking and securities framework for regulation, which would be a step backward. Congress should address user risks associated with stablecoins pegged to the US dollar, promote growth and competitiveness, and encourage responsible stable capital innovation.
Consensys releases five key points about the future of Web3 from ETHCC and ETHGlobal Paris
Odaily News ConsenSys releases ETHCC and ETHGlobal Paris's five key points about the future of Web3, including the following: L2 will continue to expand Ethereum as a key infrastructure, social media is maturing, abstract accounts will drive the next wave of large-scale user growth, development focus will shift from infrastructure to applications, and interoperability is crucial with protocols needing to be compatible with each other.
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