Daily Report | Coinbase founder reveals the top ten promising crypto sectors, including Flatcoin, on-chain reputation, RWA, etc.; KuCoin: 52% of adults in Turkey participate in crypto investment, with the highest Bitcoin ownership rate
Circle will launch native USDC on Optimism next week; Binance's Asia-Pacific head Leon Foong has resigned, having led Binance's expansion into markets such as South Korea and Japan.整理：bayemon.eth, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Before Grayscale's Victory over the SEC, Nearly 30,000 BTC Transferred to CEX
According to CoinDesk, data tracked by analytics firm Santiment shows that before the key ruling between Grayscale and the SEC, nearly 30,000 BTC (valued at $822 million based on the current market price of $27,400) were transferred to addresses associated with centralized exchanges. This ruling led to a 6% surge in Bitcoin prices, pushing BTC to $28,000.
Santiment noted that the supply of Bitcoin on trading platforms significantly increased before Grayscale's victory. It is evident that relevant authorities knew this outcome would inevitably boost the market capitalization of cryptocurrencies. (Source link)
2. Circle to Launch Native USDC on Optimism Next Week
According to official news, Circle announced that it will launch native USDC on Optimism next week. Before the launch of native USDC, the USDC Ethereum bridge on the block explorer will be renamed to USDC.e. Circle will also contact ecosystem applications to make similar changes to their application UI and documentation.
Additionally, Optimism will collaborate with ecosystem applications to provide a smooth transition of liquidity from USDC.e to USDC over time. (Source link)
3. Cosmos Launches Community Vote for v12 Upgrade, Including Enabling LSM Module
The Cosmos community is conducting a vote on community proposal 821, which plans to implement the v12 upgrade. This upgrade includes enabling the Liquid Staking Module (LSM), aimed at replacing the existing staking, allocation, and penalty modules to improve network liquidity and unlock millions of dollars in ATOM tokens for supporting DeFi activities across various chains in the Cosmos ecosystem.
The voting will continue until September 8. As of now, 99.8% of participants have approved this new upgrade, but the quorum has not yet been reached. (Source link)
4. Uniswap's Temperature Check Vote on "Multi-Chain Deployment of V2" Has Passed
The Uniswap community has passed a temperature check vote on "Multi-Chain Deployment of V2," aimed at "protecting users from unsafe fork attacks." Since its launch in May 2020, Uniswap V2 has only been deployed on the Ethereum mainnet.
It is reported that the community proposal will subsequently undergo an on-chain execution vote, expected to start on September 1. If the vote passes, Uniswap V2 will be deployed on other blockchains. (Source link)
5. StarkWare: Restoring Starknet User Access to Non-Upgraded Accounts
StarkWare announced that Starknet underwent a version 0.12.1 update last week, requiring Starknet users to upgrade their accounts. After the official launch of 0.12.1, non-upgraded accounts became inaccessible.
Currently, StarkWare is restoring access to all these accounts (totaling $550,000), and the upgrade has been re-enabled from today, allowing users to immediately regain access to their accounts.
Additionally, due to technical reasons, Argent and Braavos users may need to wait until tomorrow to restore access. (Source link)
6. Arkham: Robinhood is the Fifth Largest ETH Wallet Owner, Holding 1.493 Million ETH
Blockchain data analytics platform Arkham stated on social media that Robinhood is not only the third-largest Bitcoin wallet holder but also the fifth-largest ETH wallet owner, holding 1.493 million ETH (approximately $2.54 billion). The funds in this wallet are held on behalf of user balances.
The address is: 0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489. (Source link)
7. Coinbase Founder Reveals Top Ten Promising Crypto Sectors, Including Flatcoin, On-Chain Reputation, RWA, etc.
Coinbase founder Brian Armstrong shared his ten promising crypto sectors on social media, which are:
- Flatcoin (stablecoin designed to combat inflation, pegged to the cost of living);
- On-chain reputation;
- On-chain advertising;
- On-chain capital deployment;
- Decentralized labor markets;
- Layer 2 privacy;
- Fully on-chain P2P exchange;
- Web3 gaming economy;
- Tokenization of real-world assets;
- Network status tools.
8. Founder Racer Tops friend.tech "Keys" Price List at 2.525 ETH
The latest price leaderboard for friend.tech "Keys" shows:
Platform founder Racer ranks first at 2.525 ETH; Crypto trader L ranks second at 2.116 ETH; Crypto KOL Hsaka ranks third at 1.958 ETH; NDV co-founder Christian2022.mid ranks fourth at 1.560 ETH; Crypto trader Ansem ranks fifth at 1.501 ETH. (Source link)
9. Metaverse Construction Project STELSI Completes $100 Million Strategic Financing, Led by NGC Ventures
Metaverse construction project STELSI announced the completion of $100 million in strategic financing, led by NGC Ventures.
STELSI is a Web3 lifestyle platform built on blockchain technology, aimed at transforming the construction and real estate industry. Currently, STELSI's partners include Korbit, Lambda256, Weple, enzyme, Betwin Space, and the Korean Institute of Architects. (Source link)
10. KuCoin: 52% of Adults in Turkey Participate in Crypto Investment, Highest Bitcoin Ownership Rate
According to ChainCatcher, KuCoin released the 15th issue of its report series "Deep into the Crypto World: Understanding Turkish Crypto Users." The report reveals the crypto ecosystem in Turkey and provides insights into the trends, preferences, and behaviors of adult crypto investors in Turkey.
Key insights from the report include:
- The proportion of adults in Turkey investing in cryptocurrencies increased from 40% in November 2021 to 52% in May 2023.
- Despite a poor market environment, the popularity and acceptance of cryptocurrencies continue to grow, partly due to the Turkish lira depreciating over 50% against the dollar.
- Female participation is increasing, with 47% of young women aged 18-30 holding cryptocurrencies.
- 31% of investors joined in the last three months, and 54% of investors under 30 joined last year.
- The main motivations are long-term wealth (58%), asset preservation (37%), and risk diversification (25%).
- Bitcoin has the highest ownership rate at 71%; Ethereum at 45%; stablecoins at 33%. NFTs and metaverse concepts are also favored by some investors.
- The primary uses of cryptocurrencies are for trading (70%) and purchasing NFTs (22%). Some also use them for gifts (14%) and person-to-person transfers (13%).
- 57% of investors learned about cryptocurrencies through family and friends, with social media also playing a role.
11. Stroom Network, a Lightning Network Liquid Staking Project, Completes $3.5 Million Seed Round Financing, Led by Greenfield
Bitcoin Lightning Network liquid staking project Stroom Network has completed a $3.5 million seed round financing. This round was led by Berlin-based crypto investment firm Greenfield, with strategic support from Ankr's venture capital arm Mission Street, along with participation from Lemniscap, No Limit Holdings, Cogitent Ventures, and several other venture capital firms and angel investors.
Stroom Network employs a liquid staking mechanism to provide users with services to use Bitcoin simultaneously on the Lightning Network and Ethereum. The funds from this round will be used to further expand the team and to launch Liquid Staking tokens on the Ethereum mainnet.
Additionally, the Stroom Network team believes that introducing liquid staking for Bitcoin will help address the liquidity challenges faced by the Lightning Network. (Source link)
12. Binance Asia Pacific Head Leon Foong Resigns, Previously Led Binance's Expansion into Markets like Korea and Japan
Bloomberg cited sources saying that Binance Asia Pacific head Leon Foong has resigned. Foong previously led Binance's expansion into markets such as Korea, Japan, and Thailand.
Recently, following a series of allegations against Binance by regulators from the U.S. to Australia, several Binance executives, including Chief Strategy Officer Patrick Hillman and General Counsel Hon Ng, have also left the company. (Source link)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
1. "Ten Directions Coinbase Founder is Optimistic About: On-Chain Reputation, L2 Privacy, RWA, etc."
Recently, Coinbase co-founder and CEO Brian Armstrong shared ten ideas he is most interested in within the crypto space, in response to the question, "If you were to start a cryptocurrency company today, what would you choose?" These ideas span various fields, from finance, markets, labor, privacy to the virtual world, exploring how to achieve innovation and improvement in the blockchain and crypto economy.
2. "Temasek's Web3 Fund Superscrypt: Storage Proofs Will Unlock a Large Number of New Cross-Chain Use Cases"
In the second part, we introduce Consensus Proofs, a trust-minimized method for bridging funds across blockchains. Since bridging users typically want transactions to be completed instantly without delays, Consensus Proofs are very effective because they can continuously check the latest state of the blockchain during synchronization.
This concept of "trust-minimized bridging" can also be applied in reverse, tracing history and using zero-knowledge proofs to verify transactions and data in old blocks. These "historical storage proofs" can enable a range of different cross-chain use cases, and in this article, we will define, explain the principles, and discuss use cases for storage proofs.
3. "Reviewing Grayscale's 14 Crypto Trust Premiums: What Investment Opportunities Exist?"
According to statistics, currently, among the 14 crypto trusts under Grayscale, only 7 are at a discount—down from 11 at the beginning of this year. Over the past 8 months, 4 products have shifted to a positive premium (XLM, MANA, ZEN, and BAT), while the discounts of the other seven products are also narrowing.
4. "Data Reveals the New Public Chain Competition: Who Can Surpass Ethereum?"
New L1s continue to emerge. Aptos and Sui are two major L1s launched in the past year, currently valued at over $12 billion in total. Additionally, there are several upcoming projects, some of which have reached nine or ten-digit valuations in private rounds. Furthermore, some existing L1s still have strong communities that believe they can grow and compete with Ethereum.
The debate over L1s continues. Therefore, we want to answer a frequently asked question from readers: Is there any Layer 1 blockchain that can surpass Ethereum?
