Daily Report ｜BuidlerDAO received seed funding from Sequoia China and other angel investors; Starknet community will issue commemorative NFTs

Organizer: flowie, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Starknet Community to Issue Commemorative NFT to Celebrate Starknet Mainnet "Quantum Leap"
Starknet announced on social media that the Starknet community will issue a commemorative NFT to celebrate the Starknet mainnet Quantum Leap. The commemorative NFT will be issued at 1:00 PM Beijing time on August 30 and will last for 24 hours. (Source link)

2. HashKey Exchange: BTC/USD and ETH/USD Trading Pairs Now Open to Retail Investors
According to an official announcement, HashKey Exchange has opened deposit, withdrawal, and trading services for Bitcoin (BTC) and Ethereum (ETH) to retail investors, and has officially opened BTC/USD and ETH/USD trading pairs. HashKey Exchange also stated that it does not exercise voting rights related to virtual assets on behalf of its users, and users wishing to exercise any voting rights related to their virtual assets must withdraw the corresponding assets from the platform. (Source link)

3. Pudgy Penguins Clothing Brand Igloo Launches First Collection, Prices Range from $45 to $120
Blue-chip NFT Pudgy Penguins tweeted that they have launched the clothing brand Igloo, and the first collection is now live. According to the Igloo official website, the price range for the first collection is $45-$120.

4. BuidlerDAO Completes $2 Million Angel Round Financing, Led by Sequoia China Seed Fund and SevenX Ventures
Web3 talent and project network BuidlerDAO announced the completion of a $2 million angel round financing, led by Sequoia China Seed Fund and SevenX Ventures, with participation from Bing Ventures, M77 Ventures, DRK Lab, Gate Labs, MirrorWorld, Conflux, Nicholas Hu (PlanckerDAO), Xiao Zhang (zCloak Network Founder), Paka, Vitalbridge, Inverse Ventures, Doc Labs, and others. BuidlerDAO officially stated that it was established in June 2022, with a seed round investment of $500,000 from Panda Capital, and is also a project of Sequoia China's startup accelerator YUÈ01. According to the crypto data platform RootData, BuidlerDAO is a crypto community that brings together engineers, researchers, and operators to produce high-quality content and develop Dapps, aiming to establish a leading network of influence and productivity for Web3 builders and project accelerators. (Source link)

5. Data: Bitcoin Balances on Exchanges Hit Near 5-Year Low
According to Glassnode data, the current Bitcoin balance on exchanges is 2,256,045 coins, hitting a near 5-year low. (Source link)

6. Data: Over $14.6 Billion in USDT Related to Southeast Asia Flowed into Exchanges in 2022
According to Bitrace's DeTrust risk data platform, over $115 billion in USDT flowed into certain Southeast Asia-related platform addresses in 2022, including $37.16 billion in gambling funds and $69.78 billion in money laundering funds, with less than $460 million related to fraud. In the same year, over $14.64 billion of contaminated USDT flowed directly or indirectly into centralized exchanges from known Southeast Asian entity-related addresses. This includes $7.71 billion in gambling funds, $4.86 billion in money laundering funds, $1.88 billion in funds from other illegal activities, and a small amount of fraud-related funds totaling $190 million. Bitrace recommends that Web3 companies pay attention to the risks associated with criminal funding. (Source link)

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

1. “Binance Research Interprets Decentralized Sequencers: The Cornerstone of Layer 2 Security, Expanding Native Token Use Cases”
With the continuous popularity of the Ethereum L2 ecosystem, one often overlooked aspect is the sequencer. Sequencers are responsible for transaction ordering, and using sequencers through rollups can provide a better user experience, lower fees, and faster transaction confirmations. However, the problem is that so far, all major Ethereum L2 companies have found it most convenient, user-friendly, and cost-effective to run their own centralized sequencers. Given the power that sequencers hold in transaction review, MEV extraction, and creating single points of failure (i.e., validity issues), this may be seen as an undesirable outcome and not in line with the spirit of cryptocurrency.
In this report, Binance carefully examines the role of sequencers and the current state of the Ethereum rollup space.

2. “In-Depth Dialogue: Understanding Sui's Design Philosophy and Network Scalability from the Ground Up”
Sui Network recently interviewed George Danezis to explore the complexity and scalability of Sui infrastructure, as well as how Sui's transaction processing system facilitates a high-performance network. George Danezis is the co-founder and chief scientist of Mysten Labs (the original contributor to Sui) and a professor in the field of security and privacy engineering at University College London.

3. “Is OP and Base Now 'One Family'? Not Necessarily, A Brief Discussion on the Variables and Prospects of Superchain Cooperation”
Recently, the interest-binding cooperation between Base and OP has sparked heated discussions, but according to crypto KOL Haotian, this cooperation seems to be just a short-term "verbal agreement," with many uncertainties ahead.
The reasoning is simple: if the ratio and cooperation model were set in stone, the responsibilities and profit distribution of both parties should be made transparent on-chain. At that point, by monitoring the fund distribution of the Sequencer-related addresses, one could know the profit situation of both parties. Technically, it would only require adding a distribution address to the Sequencer address sequence; why hasn't this been done?
The answer is that this may be the first small step of the OP SuperChain plan, and any conclusions must wait until the shared Sequencer operational model is successfully implemented.