headlines
friend.tech developer has earned nearly $20 million since launch in August
According to DefiLlama data, friend.tech leads the way as the largest revenue-generating app on Base and the second-largest app among all cryptocurrencies. At its current pace, its on track to hit $180 million in annual revenue. To date, the platform has charged users nearly $40 million in total fees. These fees are generated through a tax on approximately 10% of social token trading volume. Half of the total fee is distributed to the project team as revenue, and the other half is distributed to users who trade Keys. According to on-chain data aggregated on Dune, in addition to $20 million in revenue, friend.tech founder “0x Racer” has earned more than $440,000 from the platform alone.
cryptocurrency
Two whale addresses withdrew 30,000 ETH from CEX yesterday and pledged it
According to on-chain analyst Ember Monitoring, two whale addresses withdrew 30,000 ETH (approximately $49.28 million) from CEX yesterday and deposited pledges a few hours ago. • 0x 44 a Withdrawn 20,000 ETH through Kucoin yesterday, and then deposited pledges through Abyss Finance 10 hours ago; • 0x f 30 Withdrawn 10,000 ETH from Binance through the 0x Acc address yesterday, and then through P2P 7 hours ago .org deposit pledge.
Trader who made $156,000 on UNI accumulated 468, 279 WLD from Binance about 1 hour ago
According to Spot On Chain monitoring, the trader address starting with 0x 8 d 7, who once earned $156,000 on UNI, accumulated 468,279 WLD (approximately $774,000) from Binance about an hour ago at an average price of $1.653. . Notably, this is his first addition to WLD and his first major move in 2 and a half months since closing the UNI trade on July 24. The price of WLD has also increased by 8% in the past 24 hours.
A Huobi HTX address transferred 42,999 ETH from Binance and pledged it on Lido
According to Lookonchain monitoring, a Huobi HTX-related address transferred 42,999 ETH from Binance and pledged it on Lido, which may be a signal that Justin Sun did not sell ETH. According to previous news, according to Lookonchain monitoring, an address associated with Justin Sun applied to withdraw 80,251 ETH (approximately US$132 million) from Lido on October 4. So far, 43,000 ETH (approximately $70 million) have been withdrawn and deposited into Binance.
Project News
According to DappRadar data, the total asset value of Stars Arena, a social protocol based on Avalanche, has reached US$2.83 million, with a 24-hour increase of 95.78%; the total transaction volume is US$4.93 million, with a 24-hour increase of 230.06%; the total number of transactions is 249,150 Pen.
Galxe: Some users still see phishing sites and need time to update local server DNS records
Galxe posted on the
Game-focused Mythos Chain’s NFT trading volume surged, growing 20.31% over the same period
Gaming-focused Mythos Chain has seen a surge in NFT transaction volume, with the network surpassing Polygon and Solana to become the second-largest blockchain in terms of NFT sales over the past 30 days. According to CryptoSlam data, Mythos Chain’s NFT sales reached $33.5 million in the past 30 days, an increase of 20.31% over the same period. In comparison, Polygon and Solanas revenue was $30.9 million and $27.9 million, respectively, a decrease of 45.50% and 16.77%. One game that may be driving a surge in NFT sales is Nitro Nation World Tour, a Web3 mobile street racing game that officially launched in October. The game is supported by popular DJ Deadmau 5.
Investment and Financing
Cryptocurrency startup Ostium Labs has raised $3.5 million in funding, with participation from General Catalyst, LocalGlobe, SIG and Balaji Srinivasan. Co-founder Kaledora Kiernan-Linn said the new protocol being developed by Ostium Labs will support perpetual contract trading related to oil, Bitcoin and petroleum. It will also support trading on FX pairs for the Australian dollar, British pound, euro and Japanese yen.
regulatory policy
Hong Kong police arrested a suspect involved in the JPEX case, who may be a member of a fraud group
Hong Kong police arrested a suspect involved in the JPEX case, who may be a member of a fraud group. So far, the police have arrested a total of 27 people, 7 people are being detained for investigation, and 20 people have been released on bail pending trial.
Character*Voice
FTX Lianchuang Gary Wang testified at the SBF trial that in November 2022, FTX’s customer balances were equal to the assets held in the hot wallet, with one important exception: a hidden $8 billion named “fiat@” of liabilities. As customers began withdrawing assets from FTX in November 2022, SBF asked Gary Wang to calculate how much money Alameda Research would need to deposit on the exchange to cover outflows. Wang, who testified under direct examination by government prosecutors on the fourth day of last weeks SBF trial, said that excluding Alameda Researchs accounts, the sum of FTX customer balances matched the assets in FTX hot wallets. But, unbeknownst to him, there was a problem with his calculations. He testified that he was only given the full picture when the SBF asked him whether he had included our Korean friends in the calculations. Confused, Wang turned to Nishad Singh, another former FTX executive, who told Wang that the Korean friends were actually referring to the $8 billion fiat@ vulnerability at the heart of FTXs collapse. The fiat@ account balance in FTXs internal database has been reassigned to an account named seoyuncharles 88 @gmail.com which has been granted special privileges so that Alameda Research does not have to pay interest on the credit line. Wang also confirmed that SBF knew that FTX’s financials were more transparent to the public and investors, while Alameda’s financials were not.
On October 5, Bitget released a report on the investment goals and behaviors of global cryptocurrency enthusiasts. From May to August 2023, in-depth research was conducted in 20 countries around the world, including Europe, China, Japan, South Korea and Turkey, and the sample included 1,500 crypto enthusiasts. The survey conducted a comprehensive analysis of the financial goals and investment behaviors of respondents in the target countries. The survey results show that the most common financial goals of global cryptocurrency investors are to improve their living standards and improve their quality of life. The report shows that 46% of South Korean crypto investors’ primary goal is to improve their living standards, while 36% of Malaysians and Taiwanese prioritize increasing household income. In addition, gender factors also affect financial goals. In South Korea, Japan, and Turkey, women have higher demand for crypto investments than men. In South Korea and Japan, the proportion of women who hope to improve their personal lives by investing in cryptocurrency is 49% and 41% respectively, and the proportions of men are 45% and 30%. In terms of investment amount, Chinese investors are the most active, with 19% of investments exceeding US$100,000. In Europe, Turkey and South Korea, about 50% of investors invest $1,000-10,000 in cryptocurrency.
IOS
Android