Crypto Guides, Knowledge & Insights

This Week's Noteworthy Events(June 24, 2024-June 30, 2024)

AI Arena to Launch NRN Token on June 24 and Open Claiming　　AI gaming platform AI Arena announced on X that it will launch the NRN token on June 24, 2024. The claim site will open at 15:00 (UTC+8), and the CEX listing will be at 16:00 (UTC+8) on the same day. Listing partners will be announced soon.South Korean Crypto Exchange GDAC to Halt Trading on June 24 and Close on July 16　　South Korean cryptocurrency exchange GDAC announced it will cease operations on July 16. Starting from 11:00 local time on June 24, cryptocurrency trading services on GDAC will no longer be available.io.net: Daily Block Rewards for IO Workers to Start on June 25　　io.net announced that block rewards will soon be available. Daily rewards for IO Workers will begin on June 25, with verified uptime rewards automatically credited daily to the “Earnings t submitted claims in the Bahamas can do so before the expected mid-August 2024 deadline. After court approval of the bankruptcy protection debtor reorganization plan, FTX will confirm dates and next steps in writing. The next US bankruptcy court hearing is scheduled for June 25, 2024.EU Regulator Sees MEV as Market Abuse; Consultation Feedback Deadline on June 25　　The European

2024-06-24Deep Dive

WikiBit has Officially Become the Member of BBA！

We are pleased to announce that WikiBit has successfully joined the British Blockchain Association (BBA)!　　The British Blockchain Association (BBA) is a non-profit organization established in 2017, dedicated to promoting the evidence-based adoption of blockchain technologies through strategic collaboration, innovation of best practices, and supporting solutions that benefit the wider community.　　WikiBit is a global authoritative query platform in the blockchain industry, committed to providing users with comprehensive and reliable data to help them make quick decisions. By combining publicly available government data, advanced sniffing systems, and scientific computer algorithms, WikiBit offers basic information queries, regulatory license searches, and blockchain project credit evaluations.　　WikiBits uniqueness lies in its core data collection capabilities and global brand influence. Through partnerships with governments and enterprise resource exchanges, WikiBit obtains authoritative data and integrates resources from hundreds of exchanges, venture capital institutions, media, and project providers worldwide. WikiBit has 11 branches across five continents, providing users with timely assistance and services.　　WikiBit and the BBA share the same values, dedicated to promoting industry progress. By joining the BBA, WikiBit will continue to leverage its strengths to provide users with more comprehensive and reliable information, driving the broader adoption and development of blockchain technology.About The British Blockchain Association　　The British

2024-06-24Deep Dive

Free-to-Play Airdrop Games: Driving Mass Adoption through TON

Notcoin is a highly popular click-based game on Telegram, built on the TON blockchain, attracting users with its simple gameplay and promise of real cryptocurrency rewards. In the game, players need to periodically click a token icon and watch ads to earn Notcoin.　　Since its launch, Notcoin has seen a surge in popularity, boasting over 40 million users and peaking at over 6 million daily active users. Following this, it was listed on Binance and performed well in the secondary market.　　Notcoins impressive performance has spurred interest in similar projects, mostly based on Telegram, where users participate for free and earn future game tokens through “Play to Earn.” Here are a few similar projects driving mass adoption:Banana　　Banana is a free game on the Steam platform similar to Notcoin, with no learning curve. According to Steam data, Banana peaked with over 750,000 online players.　　Players simply click on a banana on the page, earning a regular banana after 3 hours and a special quality banana after 18 hours.　　The bananas drop into the players Steam inventory, and most include crypto elements. Steams built-in secondary market allows players to trade these bananas directly.Hamster Kombat　　Since its launch at the end of the first quarter, Hamster Kombat has

2024-06-19Deep Dive

This Week's Noteworthy Events(June 17, 2024-June 23, 2024)

Tether CEO: New Type of Digital Asset Product to Launch Today　　Tether CEO Paolo Ardoino announced on the X platform that after a year of effort, Tether will launch a new type of digital asset product on Monday, June 17.ZK Nation: ZK Airdrop Claim Opens on June 17　　ZK Nation posted on the X platform stating that it has updated its FAQ document and reiterated details regarding the airdrop. Finally, ZK Nation mentioned that the ZK airdrop claim will open at 15:00 Beijing time on June 17.LayerZero to Release Updated Witch List on Monday　　LayerZero Labs CEO Bryan Pellegrino announced the interim witch list, stating, “We are releasing this information for community review. If any clusters here are erroneous or reported incorrectly, we will remove them. This information is not for individual appeals and thus not addressed at the address level. Please list any clusters that are clearly erroneous and explain why the method is clearly wrong or how it includes false positives. If possible, please provide feedback within the next 24 hours.” He also added that a few bounty hunters reported as approved but not yet listed might appear in a slight update to the list tomorrow, though 99% are already included.Rocket

2024-06-17Deep Dive

UwU Lend Suffers Two Hacks in Three Days, Total Losses Reach $24 Million

On June 10, the decentralized lending protocol UwU Lend suffered a hack, resulting in a loss of nearly $19.3 million. On-chain data shows that the hackers wallet successfully stole a range of tokens, including Wrapped Ether (WETH), Wrapped Bitcoin (WBTC), and stablecoins, most of which were then traded on Uniswap.　　UwU Lend is a project forked from the open-source code of the Ethereum-based lending protocol AAVE v2. It allows users to lend and borrow digital assets, participate in investment strategies, and manage assets in a non-custodial manner. According to the documentation on its website, the platform prioritizes security, using forked and audited code from AAVE v2 to minimize smart contract risks. However, this recent breach has exposed vulnerabilities in the protocols security measures.　　Web3 security firm PeckShield stated that the root cause of the attack was an issue with the price oracle, specifically that the pricing of the sUSDe asset came from a median of multiple sources. Five of these sources—FRAXUSDe, USDeUSDC, USDeDAI, USDecrvUSD, and GHOUSDe—were manipulated during the attack.　　In the first breach, the attacker used flash loans to manipulate the price of Ethena USDe (USDe) by exchanging it for other tokens, causing the price of USDe and Ethena Staked USDe (SUSDe)

2024-06-14Deep Dive

ZKsync Airdrop Controversy: Community Dissatisfaction and Large Airdrops to Sybil Addresses

After four years of development, ZKsync finally announced an upcoming airdrop for users on June 11, 2024. Optimism, Arbitrum, StarkNet, and ZKsync have been the most prominent projects in the Layer2 space, with Optimism and Arbitrum using Optimistic Rollups and StarkNet and ZKsync using ZK Rollups. Due to the numerous opportunities for gains in these projects and their respective ecosystems, many users have actively participated.　　Previously, Optimism, Arbitrum, and StarkNet implemented different airdrop strategies for their users, resulting in significant benefits for many. This led to increased attention on ZKsync, which had not yet announced its token issuance. However, after announcing its airdrop plan and opening the query tool, ZKsyncs airdrop mechanism sparked considerable dissatisfaction among users.ZKsync Airdrop Rules　　According to official documentation, ZKsyncs total issuance of the $ZK token is 21 billion, with 17.5% (3.775 billion tokens) allocated for the airdrop.　　For regular users, 89% of the airdrop portion is allocated based on their usage, with distribution factors including seven main criteria. Additional factors, such as on-chain funds and market holdings, as well as NFT holdings, serve as multipliers to increase the airdrop rewards.　　Ultimately, 695,232 addresses qualified for the airdrop. Community statistics revealed that 9,203 addresses received 23.9% of the total airdrop

2024-06-12Deep Dive

This Week's Noteworthy Events(June 10, 2024-June 16, 2024)

SingularityNET: The Merge of FET, AGIX, and OCEAN to Begin on June 11, Resulting in ASI Token　　SingularityNET (AGIX) has officially announced the final date for the token merger with Fetch.ai and Ocean Protocol to form the Artificial Super Intelligence (ASI) Alliance. The merger will begin on June 11 and be consolidated under a single decentralized artificial intelligence (AI) network. The FET token will be renamed ASI, with the merger concluding on June 13.　　Token holders of FET, AGIX, and OCEAN will have their tokens converted into ASI tokens at specific exchange rates. FET tokens will convert to ASI at a 1:1 ratio, while AGIX and OCEAN will convert at a 1:0.433226 ratio.　　ERC-20 tokens will be available starting June 11, allowing users to swap their FET tokens for ASI tokens through the token migration contract. AGIX and OCEAN token swaps will begin on June 13. The migration process will occur on the SingularityNET decentralized AI platform, where users can use the audited token migration contract provided by SingularityNET to exchange their tokens. (Cointelegraph)Aethir Announces Airdrop Details: 6% of Total ATH Supply Allocated for Airdrops; Season 1 Airdrop Available on June 12　　According to official sources, Aethir has announced the details of the ATH

2024-06-11Deep Dive

Will BTC Price Reach $100,000? Insights from Industry Leaders

On-chain data indicates that the amount of BTC held by long-term holders has reached a short-term low and is beginning to accumulate again. Historical data suggests that during periods of BTC price decline or slow growth, the supply held by long-term holders tends to accumulate. When BTC prices rise rapidly, long-term holders start distributing their holdings to make profits. When a new round of accumulation begins, BTC prices will rise again until the supply held by long-term holders reaches a short-term bottom, indicating that BTC has also reached a short-term peak at the current price.　　The supply of long-term and short-term holders is defined based on the average purchase date of entities, with weights given by a logarithmic function centered on the age of 155 days and a transition width of 10 days.Future BTC Trends: Industry Experts Insights　　Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered Bank:　　Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered Bank, stated on Thursday, “As the U.S. election approaches, I expect Bitcoin to reach $100,000. If Trump wins, it will reach $150,000 by the end of the year. The Biden administration has shown pragmatism recently by approving an Ethereum spot

2024-06-07Deep Dive

WikiBit x Pea.AI Partnership Giveaway

Participate actively in the Quest event and invite friends to increase your chances of winning from the 500 USDT prize pool!　　Event Time: 6/4 - 6/18　　Event Link: https://t.me/Pea_AI_News/50　　Complete quests to unlock opportunities to win amazing rewards. 50 Lucky Winners will each receive 10 USDT. 　　Act fast - this is your golden chance to claim a Lucky Draw entry!Rules:　　1) The draw will be held only if at least 3,000 participants join　　2) 50 random winners will split the 500 USDT prize pool　　3) Invite friends to participate in the Lucky Draw to increase your odds of winning　　Dont miss out on this thrilling joint Quest by WikiBit and Pea.AI. 　　Rally your friends, complete quests, and boost your odds of striking gold!　　Pea.AI Website: https://www.pea.ai/　　Pea.AI Twitter: https://x.com/Pea_GPTs　　

2024-06-05Deep Dive

WikiBit & CEEX Partnership Giveaway

Total prize pool: 100 $EMC，10 lucky winners will be rewarded with 10 EMC each　　June 6 18:00 - June 12 18:00 (UTC+8)　　How to participate　　1）Follow on Twitter：@ceexglobal s Twitter(https://x.com/WikiBitOfficial)　　Join CEEX Official on Telegram (https://t.me/CEEX_EN)　　Join CEEXs Discord (https://discord.gg/3559JyWc8c)　　Visit wikiBit website(https://www.wikibit.com/en/)　　Fill out your CEEXs UID( https://www.ceex.com/en-us/register？account=)　　The rewards will be distributed to your CEEX account within 5 working days after activity ending.　　Dont forget tofill ou the form to provide your information: https://docs.google.com/forms/d/e/1FAIpQLSexVumTe-HmMpWAVnNJsXZHrm4thLBsFGwyvtHgtScvUM8rbQ/viewform　　Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!　　About CEEX　　CEEX, a cryptos invest and trading platform. CEEX focuses on extreme trading, deep in building prosperity, leading deep exploration, digital asset trading, perpetual contract trading, flexible leverage crypto trading.　　More info can get from the official website https://www.ceex.com/en-us.　　Sign up on CEEX via https://www.ceex.com/en-us/register？account= .　　Risk Warning　　Please note that WikiBit is an independent third-party platform providing objective information and does not endorse any specific exchanges. Participate in the giveaway and make investments at your own discretion.

2024-06-05Deep Dive

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