Daily Report | Sources: Ant Group plans restructuring to restart IPO, blockchain business will be independent; Ethereum infrastructure service Flashbots completes $60 million financing at a $1 billion valuation

整理：bayemon.eth, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Ethereum Infrastructure Service Flashbots Completes $60 Million Financing at a $1 Billion Valuation

According to The Block, Ethereum infrastructure service Flashbots has completed a $60 million Series B financing at a $1 billion valuation.

It is reported that the funds will be used to develop the Suave platform, which allows users to "trade on the blockchain more cheaply and privately." (Source link)

2. Japanese Blockchain Company Earlyworks Goes Public on Nasdaq, Plans to Raise $6 Million via IPO

The listing application of Japanese blockchain technology company Earlyworks Co., Ltd, which operates a proprietary private blockchain technology grid ledger system (GLS), has been disclosed by the U.S. Securities and Exchange Commission, and it was listed on Nasdaq on July 25 local time, with the stock code "ELWS," currently priced at $3.6 per share. Earlyworks plans to issue 1,200,000 American Depositary Shares (ADS) at $5 per share through its initial public offering (IPO), expecting to raise $6 million after deducting underwriting discounts and other related expenses.

Previous news reported that Earlyworks submitted its IPO application to the SEC on December 31, 2022. (Source link)

3. Data: a16z Sells $7 Million MKR at a High, Still Holds $14 Million MKR

According to CoinDesk, as the governance token MKR of MakerDAO surged to nearly a one-year high, currently priced at around $1,140, a16z is selling MKR tokens.

According to Etherscan data, Andreessen Horowitz (a16z) transferred approximately $7 million worth of MKR from a16z's crypto wallet to a newly created address last Thursday, and starting from last Saturday, the new wallet began transferring 1,380 tokens (worth about $1.5 million) daily to the crypto exchange Coinbase. As of Tuesday, the total deposits from that wallet to Coinbase amounted to $6.1 million.

a16z's crypto wallet still holds 12,395 MKR (accounting for 1.3% of its circulating supply), valued at $14 million. (Source link)

4. Binance to Launch New Stablecoin FDUSD and Open New Spot Trading Pairs

Binance will list the new stablecoin First Digital USD (FDUSD) on July 26, 2023, at 8:00 AM (UTC), and will open trading for spot trading pairs such as BNB/FDUSD, FDUSD/BUSD, and FDUSD/USDT.

It is reported that FDUSD is a 1:1 dollar-backed stablecoin issued by First Digital Labs. The reserves of FDUSD are held by First Digital Trust Limited, a qualified custodian and registered trust company based in Hong Kong. (Source link)

5. EraLend Confirms Attack, Collaborating with Cross-Chain Bridge and zkSync to Prevent Fund Outflow

The zkSync ecosystem lending protocol EraLend team announced on Discord that a security incident was detected at 9:27:21 UTC on July 25, confirming that its platform was attacked.

The team stated that the attack has been controlled, and the attacker can no longer act. The scope of the impact is currently being assessed and will be further disclosed. As a precaution, EraLend has temporarily suspended all lending operations to ensure the safety of funds. EraLend is currently working with cross-chain bridge partners and zkSync to prevent any further possible asset outflows. Meanwhile, EraLend is closely collaborating with cybersecurity companies to determine the source of the attack.

EraLend reminds that only USDC was affected by this incident. All other assets remain safe and unaffected, and users are strongly advised not to deposit USDC at this time. (Source link)

6. SyncSwap: Stablecoin USD+ Affected by EraLend Attack, Supply Adjustment Required, LPs Need to Withdraw Timely

The stablecoin USD+, issued by Overnight.fi, is affected by the EraLend attack incident. The team will adjust the token supply around 3 PM Beijing time today to restore USD+ peg. If users have USD+ liquidity on SyncSwap, they need to complete withdrawals before the token supply adjustment. The USD+ team will take snapshots for holders and liquidity providers to distribute the funds recovered from EraLend, but only those who withdraw will be included in the snapshot.

Additionally, SyncSwap stated that zkUSD and all other liquidity pools, such as BUSD, are unaffected. (Source link)

7. OKX Releases 9th Proof of Reserves: 22 Public Tokens Have Reserve Ratios Exceeding 100%

OKX has officially released its 9th Proof of Reserves (PoR), with reserve ratios for 22 public tokens exceeding 100%, including BTC, ETH, and USDT, all at 103%, totaling a value of $11.3 billion.

It is reported that OKX is committed to enhancing PoR transparency to traditional financial audit standards, thus continuously leading the industry in safety and transparency, being one of the few mainstream crypto exchanges that release proof of reserves monthly. The PoR system has currently been upgraded with innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time. (Source link)

8. Insider: Ant Group Plans Restructuring to Restart IPO, Blockchain Business to Be Independent

According to Bloomberg citing insiders, Ant Group is planning a major restructuring to spin off its non-core financial-related businesses, including blockchain and database management services, as well as international operations, to apply for a financial holding company license and pave the way for the company's IPO restart in Hong Kong. (Source link)

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

1. 《NFT Survival Thoughts: After Trust is Broken, Where Does Azuki Go?》

With voices claiming that the PFP narrative has reached its end, this article will look back at Azuki's history to think about the factors behind Azuki's past success and the issues that PFP needs to address at this stage.

2. 《Mint Ventures: Bottom Fishing in a Bear Market, Don't Choose Meme》

Bottom fishing in a bear market, don't choose meme projects.

This sounds like a cliché, doesn't it? Who would choose a dog project with a lifespan of a couple of months or as short as a day for long-term allocation?

However, the meme discussed in this article refers to "blue-chip memes" like Doge, Shiba, and Pepe, which have large market capitalizations and have already been listed on major exchanges.

Some opinions suggest that "new generation small-cap memes" like Pepe, which already have considerable influence, will replicate Doge's trajectory in the next bull market cycle, achieving a market cap of tens of billions.

But in the author's view, when making cross-cycle allocations, it may not be a good choice to bottom fish during a bear market.

3. 《80% of Revenue Comes from Token Trading Tax, How Long Will Unibot's Narrative Last?》

There has been a significant explosion in the Bot project sector in a short period, with some people supporting it and others observing rationally.

Optimistic users believe that Unibot allows users to complete on-chain token trading on social software like Telegram, greatly simplifying the threshold for users to engage in on-chain activities. Currently, more optimism is based on the fact that Unibot's captured revenue has exceeded that of most leading DeFi protocols. Meanwhile, neutral users argue that Unibot-like projects are easily replicable, and there will be a mix of good and bad Bot projects emerging in a short time, with no guarantee of security.

How long will this Unibot narrative last? Will Unibot, like memecoins, come quickly and leave just as fast, leaving a mess behind after the hype?

4. 《Sidechains vs Rollups: Differences and Choices in Scalable Solutions》

Sidechains and Rollups differ fundamentally in their scaling approaches and also vary in design decisions and trade-offs. For developers looking to build scalable dapps using these two solutions, understanding their differences is crucial.

This article outlines Rollups and sidechains and explores their differences in architecture, security guarantees, scalability performance, and more.