Evening News ｜ Sun Yuchen joins Huobi Global Advisory Committee; Sun Yuchen responds that he is not a buyer of Huobi

Organizer: Nianqing, Chain Catcher

"What Important Events Happened in the Last 24 Hours"

1. Huobi Global Establishes Global Advisory Board, Members Include Du Jun, Sun Yuchen, and Others

The controlling shareholder of Huobi Global, Baiyu Capital Fund Manager, has decided to establish a global advisory board. Ted Chen (Chen Yihua), founder of Baiyu Capital and former founding partner of Jinglin Asset, Huobi Global co-founder Du Jun, Vice President of Hong Kong University of Science and Technology Wang Yang, TRON founder Sun Yuchen, and Valkyrie Investment co-founder Leah Wald have become members of this advisory board.

Previous news reported that Huobi's controlling shareholder completed the share sale, and Baiyu Capital's merger fund became the actual controller. Huobi founder Li Lin stated that he is no longer the actual controller or shareholder and does not hold any authority. (Source link)

2. Sun Yuchen's Twitter Bio Link Has Been Changed to Huobi's Official Website

Sun Yuchen's (Justin Sun) Twitter bio link has been changed to Huobi's official website link. Earlier reports indicated that Huobi Global's controlling shareholder Baiyu Capital Fund Manager decided to establish a global advisory board, and Sun Yuchen became an advisor to this board. (Source link)

3. Sun Yuchen's Side Responds: He and TRON Are Not Buyers of Huobi

In response to media reports claiming "Sun Yuchen is the actual buyer of Huobi Global in this transaction," Sun Yuchen's side told Caixin that neither Sun Yuchen nor TRON is the acquirer of Huobi's share sale. In the future, Sun Yuchen and TRON will continue to support Huobi's development. Sun Yuchen has been invited to serve as a member of the newly established Huobi Global Advisory Board. (Caixin)

4. SBF Responds to "Assisting Acquisition": FTX Is Still Not Involved in Huobi's Global Acquisition

FTX founder SBF retweeted Wu Blockchain's tweet to reiterate: "Still not involved in Huobi's global acquisition." Wu Blockchain stated in an article this morning that SBF indicated there are no plans to acquire Huobi. However, market rumors suggest that FTX has provided funding to assist Sun Yuchen, which could potentially push Binance, a long-time supporter of Sun Yuchen, into a competitive position. (Source link)

5. Binance Announces Removal of HNT Trading Pairs Due to Non-Compliance with Listing Standards, Helium Responds Claiming This Action Is Unreasonable

According to Forbes, regarding Binance's announcement to remove HNT leveraged trading pairs and spot trading pairs, Binance spokesperson Jessica Jung stated: "Binance regularly reviews each listed digital asset to ensure it continues to meet high standards. When a token no longer meets this standard or the industry changes, we conduct a more in-depth review and may delist it to protect our users."

In response, Helium COO Scott Sigel issued a statement saying: "Binance has no reason to delist several HNT trading pairs. The integrity of HNT has not changed; it still meets all the standards set by trading platforms, and many other trading platforms continue to support HNT. We hope Binance can reverse the situation and quickly relist other HNT trading pairs." (Forbes)

6. Privacy Payment Project MobileCoin Launches Fully Collateralized Stablecoin eUSD

Privacy payment company MobileCoin has partnered with stablecoin platform Reserve to launch a new stablecoin, eUSD. eUSD is fully collateralized and specifically designed to protect user privacy in transaction data.

According to MobileCoin, eUSD is built on the MobileCoin blockchain and is backed by a basket of stablecoins, including USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). Each transaction is encrypted using end-to-end zero-knowledge encryption, ensuring that only the parties involved can see the transaction data. (CoinDesk)

7. Aptos Ecosystem Stablecoin Protocol Thala Labs to Launch Over-Collateralized Stablecoin Move Dollar

The decentralized stablecoin protocol Thala Labs in the Aptos ecosystem will launch an over-collateralized stablecoin, Move Dollar (MOD), while also developing other products to promote the use of MOD on the Aptos blockchain.

It is reported that the product lineup includes an AMM that provides favorable fees and features for pools integrating MOD, as well as a Launchpad to incentivize all Aptos projects to diversify their treasury assets into MOD. The official team will also release protocol documentation to disclose more details soon. (Source link)

8. Dapper Labs Limits Russian Accounts from Using Its Services Due to EU Sanctions Policy

Dapper Labs stated that following the EU sanctions against Russia and Russian nationals, the company is restricting Russian accounts from using its payment services. Dapper Labs now prohibits providing any value of crypto asset wallets, accounts, or custodial services to accounts associated with Russia. However, Dapper has not closed these accounts.

Reportedly, affected users will not be able to buy, sell, or gift digital collectibles on platforms such as UFC Strike, NBA Top Shot, and NFL All Day. They will also be unable to withdraw funds from Dapper accounts or use existing balances for purchases. However, users with Russian-associated accounts can still access and view their NFTs. (Decrypt)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. “Zhao Changpeng Writes Again: Decentralization is a Means to Achieve Goals, Not the Goal Itself”

Recently, the official bridge of BNB Chain, Binance Bridge, was hacked, and due to abnormal activity, Binance temporarily suspended the operation of BNB Chain, with actual losses exceeding $100 million. After the incident, many users began to question the excessive centralization of BNB Chain due to the actual lack of nodes. In response to these doubts, Zhao Changpeng stated that taking a big step forward may not always yield the best results, and what we do must be in sync with other parts of the ecosystem.

2. “Cold Thoughts on Application Chains: What is the Best Form of Uniswap?”

Due to the recently released Cosmos 2.0 white paper, application chains have received widespread attention. Recently, Dan Elitzer's opinion piece "The Inevitability of UNIchain" has made the topic of "Uniswap will eventually turn to the form of application chains" a hot topic, but I do not agree with this view. I believe that blockchain applications can take many different forms, each with distinct advantages and disadvantages. In the future, the blockchain ecosystem will no longer be dominated by a single service but will be a world where various applications present themselves in their optimal forms.

3. “Dialogue with PandaDAO: The Largest DAO Organization DeWork Dissolved, What Lessons Have We Learned?”

Last month, one of the largest DAO organizations in China, PandaDAO, announced its dissolution, causing quite a stir in the crypto community. In less than a year, PandaDAO grew from an obscure interest group to the largest DAO organization on the mainstream decentralized development platform DeWork. However, like many grand projects, its split and dissolution can be described as a "catastrophic collapse." While the community is filled with anger and disappointment, it also begins to reflect on what went wrong with PandaDAO. Will these issues occur in other DAO organizations?