Evening News | HSBC Hong Kong allows the purchase of virtual asset ETFs on the Hong Kong Stock Exchange; Binance's spot market share approaches last August's low

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2023-06-26 19:30:14
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Maverick launches ecosystem incentive program; DWF Labs plans to purchase $50 million worth of ALGO tokens.

Organizer: flowie, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. HSBC Hong Kong Allows Customers to Trade Virtual Asset ETFs Listed on the Hong Kong Stock Exchange Today

According to The Economic Times, the metaverse gaming platform AvatarLife has completed a $1.5 million seed round of financing, led by Info Edge Ventures. The funding will be used for product development, community building, and expanding its global team. This is reportedly Info Edge Ventures' third investment in the gaming sector, following its investments in the fantasy esports platform Fanclash and the VR-based toy manufacturer Mirana. (Source link)

2. DWF Labs Plans to Purchase $50 Million Worth of ALGO Tokens

According to Bloomberg, Kaiko data shows that Binance's spot market share in June is 55.9%, approaching last August's level of 53.7%. Additionally, Coinbase's market share has decreased from 7.6% in January to 6.8%, while Binance.US has nearly lost all market share after being sued by the U.S. Securities and Exchange Commission. (Source link)

3. Data: Binance's Spot Trading Market Share is Near Last August's Low

According to Bloomberg, Kaiko data shows that Binance's spot market share in June is 55.9%, approaching last August's level of 53.7%. Additionally, Coinbase's market share has decreased from 7.6% in January to 6.8%, while Binance.US has nearly lost all market share after being sued by the U.S. Securities and Exchange Commission. (Source link)

4. Azuki Elementals Sale Will Be Divided into Three Phases for Azuki Holders, BEANZ Holders, and Public Sale

Azuki announced the sales schedule for the Azuki Elementals series NFTs, where Azuki holders can mint 1 Elemental at 00:00 on June 28, Beijing time; BEANZ holders can mint 1 Elemental at 00:10 on June 28. During this period, Azuki holders can mint one Elemental for each Azuki they hold, minus the number of Elementals minted in the Azuki presale round; the public sale will open at 00:20 on June 28, allowing each wallet to mint up to 3 Elemental NFTs. The public sale will adopt a Dutch auction starting at 2 ETH, with the price decreasing by 0.1 ETH every 5 minutes, offering a total of 10,000 Elementals. Azuki and BEANZ holders will pay a 2 ETH deposit and receive a refund for the difference between the deposit and the final price in the public auction.

ChainCatcher previously reported that on June 24, Azuki announced the launch of Azuki Elementals, with a total of 20,000 pieces. Each Azuki and BEANZ holder will receive 1 SBT airdrop to commemorate their participation in the Follow The Rabbit 2023 event. Each Azuki and BEANZ holder can participate in the presale at 00:00 on June 28, Beijing time. (Source link)

5. Data: Huang Licheng Sold 19 BAYC Again for Approximately 651 ETH Yesterday
On-chain data shows that Huang Licheng's address machibigbrother.eth sold 19 BAYC again on Blur for 651.56 ETH yesterday.

It is reported that on June 24, Huang Licheng's address machibigbrother.eth sold BAYC, MAYC, Azuki, and other NFTs on Blur. Specifically, he sold 1 Azuki for 16.78 ETH; 5 BAYC for 183.8 ETH; 12 MAYC for 85.48 ETH; 39 BAYC for 1428.71 ETH; and 3 MAYC for 20.57 ETH. (Source link)

6. Maverick Launches Ecosystem Incentive Program and Will Airdrop Preseason Rewards to Early Users

DeFi infrastructure Maverick Protocol announced the launch of the Maverick ecosystem incentive program, which will utilize liquidity mining and airdrop distribution of MAV tokens. The first season of the program will guide liquidity using Maverick's ve model, allowing users to stake MAV to earn veMAV, which can be used for voting and guiding community and ecosystem incentives.

Additionally, Maverick took a snapshot of wallet addresses for the ecosystem preseason at 20:00 UTC on June 22, and users will be able to verify their eligibility and claim rewards for the Maverick ecosystem preseason on the official Maverick website. Eligible addresses include: 1. Liquidity providers based on TVL and duration, 2. Contributors or higher positions in the Maverick Warrior program, 3. Participation in snapshot governance voting, 4. Completing a certain trading volume using the Maverick UI, 5. Holding Maverick MAVA NFTs.

According to previous reports by ChainCatcher, on June 13, Binance announced the launch of the 34th new coin mining project, Maverick Protocol. According to RootData, Maverick Protocol has completed two rounds of financing, raising a total of $17 million, led by Pantera Capital and Founders Fund. (Source link)

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

1. "The 'Hungry' BlackRock: What Considerations Are Behind the Bitcoin Spot ETF?"

People do not really understand what BlackRock is or what they are doing. This analysis attempts to briefly explore the considerations behind BlackRock's counter-cyclical application for a Bitcoin spot ETF, starting with its founder and CEO, Larry Fink.

2. “LSD MAP 2.0: Analysis of Landscape, Data, Trends, Returns, Users, and More”

The prominent LSD projects all use LSD Summer as a slogan, paralleling DeFi Summer. From the above analysis, it seems almost impossible to draw parallels, but there is indeed a Summer. Tracing back, the entire LSD ecosystem is based on POS token economics, which also means that LSDFi users need to understand Web3, and most are on-chain projects, with tokens not yet listed on exchanges. The returns are token-based, which implies that participants in LSD are users with some experience in Web3, and the participants are only a small portion of this small user group in Web3. External user entry is extremely limited. This article will compile most of the traceable LSD-related projects and raise questions, providing thoughts and action guides.

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