headlines

Coinbase Approved to Offer Compliant Cryptocurrency Futures Trading to Eligible U.S. Customers

According to official news, Coinbase Financial Markets has received regulatory approval from the National Futures Association (NFA), an organization designated by the U.S. CFTC, to operate a futures commission merchant (FCM) and provide federally regulated cryptocurrency futures trading to eligible U.S. customers. Coinbase will now be the first crypto-native company to directly offer traditional spot crypto trading as well as regulated and leveraged crypto futures, providing a comprehensive trading solution to verified customers.

PayPal will suspend cryptocurrency purchases in the UK from October, expected to resume early next year

In an email sent to some users on August 14, PayPal stated that due to the introduction of new rules by the British Financial Conduct Authority (FCA), PayPal will temporarily stop cryptocurrency purchase services in the United Kingdom from October 1, 2023, and will It will resume in early 2024, on an undisclosed date. PayPal did not specify what rules were involved but said they would require it to implement additional steps before customers can purchase cryptocurrencies. Although cryptocurrencies cannot be purchased, PayPal said users will be able to hold and sell their cryptocurrencies during the outage. PayPal did not specify whether users will be able to transfer cryptocurrencies to other wallets and exchanges, but it appears this feature is only available to US users at this time. (Cryptoslate)

cryptocurrency

553 million ARBs will be transferred to 151 attributable contract addresses, or prepare for the first unlock next year

According to Spot On Chain monitoring, 553 million ARB were transferred from the Safe multi-signature address marked Arbitrum: Investors ARB Vesting to 151 vested contract addresses 7 hours ago, equivalent to approximately US$631 million. Among them, the contract address starting with 0x db 2 received 8.75 million ARB and received the largest number of tokens; the 15 contract addresses each received 58,700 ARB and received the smallest number of tokens. This may be in preparation for the first ARB unlock on March 16, 2024. Token Unlocks data shows that on March 16, 2024, a total of 1.11 billion ARBs are expected to be unlocked by the ARB team and investors, equivalent to approximately US$1.26 billion.

A smart address purchased RLB, UNIBOT and other tokens and made a profit of 4.36 million US dollars on the 25th

According to Lookonchain monitoring, a smart address purchased RLB, UNIBOT and other tokens and made a profit of 4.36 million US dollars on the 25th. The purchase of this address cost a total of 3915 ETH, and currently has a floating profit of US$1.11 million on RLB, a floating profit of US$1.46 million on UNIBOT, and a floating profit of US$1.79 million on the meme currency BITCOIN.

crvUSD supply back above 100M at $0.9999

The Curve official page shows that the supply of crvUSD has rebounded to more than 100 million pieces, reaching 102,054,049 pieces, and the current price of crvuSD is $0.9999.

Addresses starting with 0x0A0 have transferred 288.6 million BLUR to Coinbase in the past two months

According to Spot On Chain monitoring, since June 14 (2 months ago), addresses starting with 0x0A0 have received a total of 288.6 million BLUR (worth approximately US$89.2 million) from lock-up addresses (starting with 0x3f1), and have all been transferred to Coinbase. About 40 minutes ago, 49.37 million BLUR ($13.32 million) were deposited into Coinbase Custody through the address starting with 0x0A0. It is worth noting that these BLUR were unlocked from the lock-up address (starting with 0x3f1) yesterday as part of the token unlocking process that takes place on the 15th of every month.

Bittrex: No $24M Settlement Fees Needed

According to a Bittrex Global press release, Bittrex did not have to pay a fee to resolve the enforcement action. Andrew Michaelson, Bittrex Global’s legal counsel, said: “The outcome is unusual but satisfactory and our client Bittrex Global does not have to pay any settlement funds.” (The Block) According to The Block. As previously reported, bankrupt cryptocurrency exchange Bittrex and its CEO reached a $24 million settlement with the SEC after the commission accused it in April of operating as an unregistered exchange.

Valkyrie submits Ethereum futures ETF application

Bloomberg ETF analyst Eric Balchunas tweeted that Valkyrie has just submitted an Ethereum futures ETF application, which is an additional document to their 497 filing, aiming to implement the strategy change of the Bitcoin + Ethereum futures ETF earlier. According to previous reports, Bloomberg ETF analyst Eric Balchunas said that Valkyrie submitted a document and planned to convert the Valkyrie Bitcoin Strategy ETF (BTF) into a Bitcoin + Ethereum Futures ETF on October 3, which will be better than other The 13 ETF application documents were scheduled to be released two weeks earlier.

Project News

Mantle Network’s TVL exceeds US$40 million within one month of launch

Odaily News Mantle Network’s TVL exceeded US$40 million one month after its launch, ranking seventh in Layer 2, behind Arbitrum One, OP Mainnet, zkSync Era, Base, Starknet and Immutable X. Mantles most prominent ecological project is the decentralized trading platform Agni Finance, with TVL exceeding US$23 million and cumulative transaction volume reaching US$53.6 million. (The Block)

Bithumb Korea suffered an operating loss of 3.442 billion won in the second quarter, with sales falling 60% year-on-year

Bithumb Korea, the operating company of virtual asset exchange Bithumb, swung to a loss in the second quarter from an operating profit of 38.42 billion won in the same period last year. Second-quarter sales fell 60% year-on-year to 31.993 billion won. However, net loss in the second quarter was 8.583 billion won, down from 43.3 billion won in the previous year. Bithumbs poor second-quarter results were due to sluggish commission revenue due to lower virtual asset trading volumes. (Decenter)

Unibot launches unified trading terminal Unibot X

Unibot announces the launch of its unified trading terminal Unibot X, available via the official link. In the future, we will work on separating Telegram and web applications, and implementing all features and extending functions in Unibot X. Subsequent development content includes: loyalty program, security upgrades, document transformation, multi-path routing support, etc.

Injective Releases Token Economics Upgrade, Significantly Increases INJ Weekly Burn

Injective has released a token economics upgrade that significantly increases INJ’s weekly burn. All dApps built on Injective can contribute to INJ burn auctions with no limit on burn fees. This can make the INJ-powered on-chain economy even stronger, with burn auctions now capturing value from all dApps in the Injective ecosystem.

The DEX DackieSwap on the Base chain has a transaction volume of more than 80 million US dollars in the past 24 hours, accounting for more than 80%

DeFillama data shows that the transaction volume of DEX DackieSwap on the Base chain reached US$80.69 million in the past 24 hours, and the total cumulative transaction volume reached US$233 million, surpassing SushiSwap (US$142.95 million) and Uniswap (US$56.6 million) and becoming the current cumulative transaction volume on the Base chain. Highest DEX. At present, the total transaction volume of DEX on the Base chain is 97.74 million US dollars. However, in terms of locked position indicators, Uniswap still ranks first with a TVL of $6.61 million, SushiSwap ranks second with a TVL of $6.36 million, and DackieSwap ranks third with a TVL of approximately $2.47 million.

Investment and Financing

BitGo completed US$100 million in financing at a valuation of US$1.75 billion, and investor information has not yet been disclosed

BitGo, a cryptocurrency custody company, completed a financing of US$100 million at a valuation of US$1.75 billion. The specific investor information has not yet been disclosed. BitGo said investors are from the United States and Asia, with some coming from outside the cryptocurrency industry. This round of financing will be used for strategic acquisitions, and at least two transactions are already underway. It is reported that BitGo’s previous investors include Goldman Sachs, DRW Holdings and Galaxy Digital Ventures. BitGo currently serves as custodian for FTX’s creditors, and other clients include financial services firm Swan Bitcoin, blockchain developer Mysten Labs Inc. and apparel giant Nike Inc. (Bloomberg)

ZTX, the Metaverse platform established by Zepeto and Jump Crypto, completed a $13 million seed round of financing

The Metaverse platform ZTX (ZepetoX) established by South Korean Metaverse platform Zepeto and Jump Crypto has completed a US$13 million seed round of financing. Jump Crypto led the investment, with participation from Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, etc. Zepeto aims to drive cryptocurrency adoption by integrating 3D environment ownership into its platform through the ZTX initiative.

Last month, ZTX conducted a closed beta test of its upcoming platform, and recently partnered with Dust Labs (the developer of NFT projects DeGods and y00ts) to launch Partner Wearables, a community-focused project that provides tools for IP holders , to create the 3D assets used in the game. (Decrypt)

L1 blockchain Linera completes US$6 million in financing, led by Borderless Capital

Linera, a Layer 1 blockchain founded by former Meta employees, completed $6 million in financing, led by Borderless Capital, with participation from a16z, Laser Digital, ArkStream Capital, DFG, Jsquare and CADENZA. This project aims to introduce Web2-level scalability to Web3 applications through an unlimited number of small user chains. The new funds will be used to expand the team, launch the protocol’s development network and test network, cultivate strategic influence in the Asia-Pacific region, continue to develop its developer academy, and more. (CoinDesk)

ZetaChain completed US$27 million in equity financing, with participation from Jane Street Capital and others

Full chain interoperability Layer 1 network ZetaChain announced the completion of $27 million in equity financing, Blockchain.com, Human Capital, VY Capital, Sky 9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust Wait to vote. (The Block)

ZetaChain is an application that can transmit messages and transfer value between various blockchains (including non-smart contract chains such as Bitcoin and Dogecoin).

Web3 social data portal Port 3 Network completes a new multi-million dollar round of financing, bringing total funding to $10 million

Web3 social data portal Port 3 Network announced the completion of a new round of multi-million dollar financing, with participation from EMURGO, Adaverse Accelerator, Gate Labs, etc., bringing the total financing to $10 million. Additionally, Port 3 Network received grants from Binance Labs, Mask Network, and Aptos. It is reported that Port 3 Network was established in 2022 and is a portal for acquiring and aggregating Web3 social data. Port 3’s SoQuest application allows projects to motivate users to share their data through tasks and rewards to attract traffic. The Port 3 team currently has 15 people.

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GSR responds to scale reduction reports: operating conditions are good, continuing to make profits and expanding market share

In response to the previous news that The Block quoted sources as saying that GSR was downsizing, GSR co-founder Rich Rosenblum responded: GSR is operating well and we have successfully survived three turbulent bear markets without raising external funds. The The companys balance sheet is strong. We continue to be profitable and grow our market share regardless of market conditions. It is irresponsible for this report to list personnel changes during a bear market alongside strategic changes.