Crypto Guides, Knowledge & Insights

Messari Releases Q2 Project Reports for Multiple Projects Within a Week

Messari Releases Q2 Project Reports for Multiple Projects Within a Week, Including WAX, EOS, Livepeer, Synthetix, XRP, and 1inch.　　Messari released Q2 project reports for multiple projects within a week, including WAX, EOS, Livepeer, Synthetix, XRP, and 1inch. The token prices of WAX, EOS, and XRP have experienced a decline of over 10% compared to the previous quarter. Additionally, when comparing on-chain data such as active addresses, the performance of WAX, EOS, and XRP as L1 public chains was relatively poorer.　　In comparison, Synthetix has shown impressive data with a significant increase in trading volume in Q2 compared to Q1.　　However, Synthetix has not experienced significant growth in protocol revenue, mainly due to the reduction in fees for market makers and takers.

2023-07-10Deep Dive

Voyager Sees Outflow of Over $229 Million After Resuming Withdrawals

Blockchain data analyst Tom Wan tweeted that over $229 million has been withdrawn from the Voyager platform since it resumed withdrawals on June 23rd.　　It is reported that Voyager has approved a 30-day withdrawal period starting from 11:08 AM Eastern Time on June 23, 2023. Users are required to use the Voyager app for the withdrawal process.　　The transfer is expected to take around 10 days or longer to complete. If you do not transfer your crypto in-kind during this 30-day window, you will receive your initial recovery in U.S. dollars at a later date, subject to market fluctuations.　　Currently, there are still $196 million worth of assets in the wallet addresses associated with Voyager. Users who have assets in Voyager are advised to withdraw them promptly.

2023-07-10Deep Dive

CZ Responds To Reports Of 3 Binance Senior Executives Resigning

Binance CEO Changpeng Zhao (CZ) has responded to reports of the departure of 3 senior executives.　　CZ believes that the reports about their reasons for leaving are entirely untrue.　　According to reports, their departure is related to the ongoing investigation by the US Department of Justice.　　Binance CEO Changpeng Zhao (CZ) responded to reports of “three Binance executives resigning” on Twitter. He said the reports about their reasons for leaving were utterly untrue.　　“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the ”news“ are completely wrong.”　　CZ said that Binance is always working to protect its employees.　　“As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company. We thank all of our ex-team members for their contributions to our growth, and wish them all the best.”　　CZ also confirmed that it will continue to grow and continue to recruit.　　Earlier today, Fortune magazine cited three Binance executives who resigned this week as Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President of Compliance. Prime Minister Steven Christie.　　Reportedly, their departure is related to the reaction of Binance founder Zhao Changpeng

2023-07-07Deep Dive

Bitcoin Is Waiting For The Next Bull Run At $35,500

Bitcoin maintains solid upward momentum, with the price zone above $30,000 being sustained for over two weeks.　　Despite a drop below $31,000 after the release of the FOMC meeting minutes, demand for Bitcoin futures from institutional and professional investors remains strong.　　BTCs price is looking to break the $31,200 resistance level, with a potential target of $35,500 on the weekly chart.　　Bitcoin (BTC) is creating a solid upward momentum when the $30,000 price zone has been maintained for more than 2 weeks.　　Earlier, the Bitcoin price saw a substantial increase in selling pressure in the wake of the minutes of the United States Federal Open Market Committee (FOMC) meeting in June.　　While BTC has dropped below the $31,000 mark, the growth in demand for Bitcoin futures from institutional and professional investors remains, implying a price squeeze for the flagship decentralized finance (DeFi) commodity is possible.　　The second Bitcoin halving will take place in May 2024. A bull run is possible if the qualities identified during prior halving occurrences are maintained.　　The largest cryptocurrency is up 1.4% to $31,200 on Friday, while the second-largest crypto, Ethereum, has, in the last 24 hours, increased 0.75% to trade at $1,945. This can be said to be a step to create

2023-07-07Deep Dive

BREAKING: Hotbit Shuts Down, Leaving Users In Panic Amid Rugpull Allegations

Hotbit shuts down, citing expensive server costs and expenditures.　　Allegations of rugpull and dumping actions have emerged, with users expressing concerns about the loss of funds and assets on the platform.　　Hotbit proposes converting locked assets into a more liquid form to distribute to HTB token holders.　　Hotbit, a cryptocurrency exchange that has been in existence for five years, has stated that it is no longer operational. The company has recommended a few corrective options for those who have been harmed. However, a number of allegations regarding the exchange are causing a stir in the crypto community.　　Hotbit shut down on June 30 after on May 22 that trading would be discontinued. All activities, including crypto transactions, have been paused, according to the exchange. Just $6 million in assets, principally low-value cryptocurrencies, and cash known as “dust” in user accounts, may be taken from the exchange wallet. These assets will be converted to USDC and handed to holders of DF assets.　　HotBit exchange said goodbye to the world of crypto exchanges in an official statement on its website, citing expensive server costs and expenditures. The exchange also said that it would publish a more thorough explanation on its website after the formal declaration.　　Hotbit, a crypto

2023-07-07Deep Dive

Proposal Initiated by Jeffrey Huang for ApeCoin DAO to Acquire BAYCs and Other NFTs for Gifting

On July 7th, Jeffrey Huang initiated a proposal within ApeCoin DAO, suggesting that the DAO acquire 1000 Bored Ape Yacht Club (BAYC) , 2000 Mutant Ape Yacht Club (MAYC) , a certain quantity of Bored Ape Kennel Club (BAKC) , CryptoPunks, and other notable NFT artworks. The purpose of this acquisition would be to donate these assets to major museums worldwide for exhibition purposes.　　Jeffrey Huang first expressed this idea on Twitter as early as June 22nd and received support from the community.　　Jeffrey Huang is a renowned music producer, entrepreneur, and social activist from Taiwan. He is a member of the well-known Taiwanese music group Machibrothers , which was formed in California, United States, in 1991. After transitioning into the blockchain industry, he has been involved in multiple projects such as Mithril, J-Coin, The Token Fund, Cream Finance and so on. One of his notable contributions is being a significant holder of Bored Ape Yacht Club (BAYC) and actively promoting its development.

2023-07-07Deep Dive

Multichain: Assets Locked in Unexpected Movement, Users Advised to Temporarily Halt Multichain Servi

In accordance with an official announcement from Multichain, the locked assets on the Multichain MPC addresses have experienced abnormal transfers to unknown addresses. As a precautionary measure, all users are strongly recommended to temporarily halt the utilization of Multichain services and revoke any contract approvals linked to Multichain.　　According to a report from The Block, tokens worth over $100 million have been withdrawn from the Multichain bridge on the Fantom network. Security firms speculate that this incident could be the result of a security vulnerability.　　The tokens moved include $58 million of the stablecoin USDC, 1,020 wrapped bitcoin ($30.9 million), 7,200 wrapped ether ($13.7 million) and $4 million of the stablecoin DAI. It also included further tokens like Chainlink, Curve DAO, YFI, Wootrade Network and nearly a quarter of the total supply of UniDex.　　It is worth mentioning that Multichain experienced a vulnerability attack on January 10, 2022. During the incident, a total of 1,889.6612 WETH and 833.4191 AVAX were stolen. Through the combined efforts of Multichain and white hat hackers, 912.7984 WETH and 125 AVAX were successfully recovered.

2023-07-07Deep Dive

Twitter Implements Reading Limits, Meta Launches Threads as a Competitor

On July 2nd, Elon Musk announced that Twitter would temporarily limit the number of articles users can read in response to concerns about data scraping and system manipulation in extreme situations. This action has sparked dissatisfaction within the community.　　On July 6th, Meta, the parent company of Facebook, officially launched its new application called Threads. Threads integrates the decentralized social media protocol ActivityPub, based on Mastodon, and allows users to log in using their Instagram accounts. It aims to compete with Elon Musks Twitter.　　One of the advantages of Threads is that Instagram has a massive existing user base. When Instagram users create an account, they can choose to immediately add users they are already following.　　Mark Zuckerberg, CEO of Meta, stated that within the first seven hours of launching Threads, over 10 million users have registered.　　In a minor incident, Threads encountered several bugs and received reports of users experiencing accessibility issues within the first hour of its launch.

2023-07-07Deep Dive

FTX Plans to Postpone Sale of Japanese Subsidiary, Seeks to Sell Entire Group to Increase Sale Price

Cryptocurrency exchange FTX Trading plans to postpone the sale of its Japanese subsidiary, FTX Japan, and has conveyed this intention to the Japanese Financial Services Agency through FTX Japan.　　FTXs decision to suspend the sale of FTX Japan is not aimed at delaying the sale process of the Japanese subsidiary itself. A senior executive from FTX Group stated, “They aim to increase the sale price by selling the entire group instead of individual regional subsidiaries.”　　In addition, the customer asset repayment process initiated by FTX Japan in February has been progressing smoothly. Currently, FTX Japan has returned 80% of Japanese yen and other fiat currencies, as well as virtual currencies, to its customers. If the trading system previously used by FTX Japans predecessor, QUOINE, operates smoothly, the Japanese Financial Services Agency may allow the company to resume operations by the end of the year (Nikkei News).　　According to previous reports in April, FTX confirmed its plans to relaunch its Japanese exchange. Although there was investor interest in acquiring the company, the sale plan was temporarily halted in order to maximize value. FTX Japan also proposed a core employee incentive program called “License and Restart Award.”　　The disclosure documents indicate that “the potential sale process

2023-07-06Deep Dive

Circle, One of the USDC Issuers, Considers Issuing Stablecoin in Japan Based on New Regulations

Circle is a financial technology company headquartered in the United States, founded in 2013. The company operates primarily in the digital currency and blockchain technology space.　　Circle offers a range of products and services, including:　　Circle Pay: This is a mobile payment application that enables users to send and receive funds globally in a fast, secure, and cost-effective manner.　　USDC (USD Coin): USDC is a stablecoin based on the Ethereum blockchain, issued in collaboration between Circle and Coinbase. The goal of USDC is to maintain a fixed exchange rate of 1:1 with the US dollar, providing a stable value reserve in the digital currency market.　　Circle Trade: Circle Trade is a subsidiary that provides cryptocurrency trading and liquidity services, offering solutions for institutional investors seeking high liquidity and large-scale transactions.　　As a fintech company, Circle has gained prominence in the industry, particularly through its joint issuance with Coinbase of USDC, a dollar-pegged stablecoin. Currently, USDC has a market capitalization of $27.6 billion, making it the second-largest dollar-pegged stablecoin in the digital currency industry, following USDT.　　It is reported that in December of last year, the Japanese Financial Services Agency lifted the ban on overseas stablecoins. Japans stablecoin legislation made it one of the earliest countries to

2023-07-06Deep Dive

...

107109

...

743