Daily Report ｜ ARK Invest and 21Shares Submit Ethereum Spot ETF Application; aelf Launches $50 Million Venture Capital Fund
Privacy DEX Brine Finance completes $16.5 million funding; Ethereum Foundation announces the winners of the ERC-4337 account abstraction grant round.整理：flowie, ChainCatcher
What Important Events Happened in the Last 24 Hours?
1. Privacy DEX Brine Finance Completes $16.5 Million Financing at a $100 Million Valuation, Led by Pantera Capital
According to ChainCatcher and reported by CoinDesk, the privacy DEX Brine Finance, supported by zero-knowledge proofs, has completed a $16.5 million financing at a $100 million valuation, led by Pantera Capital, with participation from Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, and Protofund Ventures.
Brine Finance is supported by the Ethereum scaling system StarkWare and is a non-custodial, decentralized order book that provides a privacy platform for trading positions through zero-knowledge proofs. According to the crypto data platform RootData, Brine Finance launched its mainnet in April this year. (Source link)
2. Ethereum Foundation Announces Winners of ERC-4337 Account Abstraction Grant Round
According to ChainCatcher, the Ethereum Foundation announced the successful conclusion of the ERC-4337 account abstraction grant round, which will support 18 teams in building diverse projects around ERC-4337 (also known as account abstraction):
- ZeroDev Kernel: A smart contract account designed from scratch for account abstraction wallets, efficient and modular.
- Etherspot's Skandha Bundler: A P2P interface account abstraction Bundler implementation developed by the Etherspot team.
- MynaWallet: A contract account integrated with identity cards issued by the Japanese government.
- Blocto: RPC methods supporting account abstraction in web3.js.
- Silius: A modular and efficient Rust account abstraction Bundler implementation.
- QR-Seal: A fully ERC-4337 compliant Schnorr multi-signature wallet.
- Ambire: A self-custodial wallet using email/password authentication.
- IoTeX: A zero-knowledge proof-based account abstraction wallet.
- SixdegreeLab: A data analytics dashboard for account abstraction.
- Jam: A DeFi transaction batch processor developed by Picnic.
- TokenSight: Account abstraction multi-factor authentication using WebAuthn.
- ZK-Team: Privacy-protecting account abstraction provided by PriFi Labs for teams.
- Rhinestone: A secure registry for modular account abstraction.
- AAA: Community activities to enhance awareness of account abstraction.
- Unpacking 4337: A series of technical articles on account abstraction.
- Hexlink: Linking ENS with ERC-4337 accounts using EIP-4972, providing instant account abstraction compatible smart accounts for all ENS users.
- UniPass: A one-click OAuth login and account creation for new users using ERC-4337 through the OpenID Connect protocol.
- Clave: Enhancing support for account abstraction on the secp256r1 curve. (Source link)
3. aelf Announces Launch of $50 Million Venture Capital Fund aelf Ventures
According to ChainCatcher, Layer 1 blockchain aelf announced the launch of a $50 million venture capital fund, aelf Ventures, which will invest in areas including but not limited to gaming, DeFi, NFTs, and public goods.
It is reported that aelf Ventures has invested in the decentralized Web3 gaming ecosystem Crystal Fun and the collaborative entertainment protocol Mythic Protocol. (Source link)
4. Polygon Labs CEO Clarifies: Address Selling Over 10 Million MATIC Does Not Belong to Polygon Foundation
According to ChainCatcher, Polygon Labs CEO Marc Boiron clarified on social media that the address selling MATIC does not belong to the Polygon Foundation and pointed out that Lookonchain's tagging was incorrect. Lookonchain later stated that the tagging of this address came from Nansen.
Previously, it was reported that an address suspected to be related to the Polygon Foundation had deposited a total of 10.6 million MATIC into Binance over the past 30 days. (Source link)
5. Visa Executive: Visa Payments Will Involve Multiple Blockchain Networks, Stablecoins, and More
According to ChainCatcher, Cuy Sheffield, Visa's blockchain head, stated in a blog post on Wednesday that despite various flaws and issues, blockchain technology is similar to the early internet, evolving from obscurity to ubiquity.
He expects that Visa's payment network will involve not only "multiple currencies and banking settlement tracks but also multiple blockchain networks, stablecoins, and CBDCs or tokenized deposits." (Source link)
6. BNB Chain Announces Winners of Ecological Catalyst Awards, Covering DeFi, Gaming & NFTs, Infrastructure, and Innovation
According to ChainCatcher, BNB Chain announced the winners of the ecological catalyst awards, with the following projects recognized:
- DeFi: PancakeSwap, Maverick Protocol, iZUMi Finance, Helio Protocol, Alpaca Finance;
- Gaming, NFT & Metaverse Category: SecondLive, Element NFT Marketplace, BurgerCities, Playbux, Meta Merge.
- Infrastructure Track: Polyhedra Network, LayerZero Labs, Galxe, BscScan, CyberConnect.
- Innovative Excellence Projects: Dmail Network, Hooked Protocol, MathVerseNFT, ChainGPT, DexCheck. (Source link)
7. ARK Invest and 21Shares Jointly Submit Ethereum Spot ETF Application to SEC
According to ChainCatcher, asset management firms ARK Invest and 21Shares have submitted an Ethereum spot ETF application to the U.S. Securities and Exchange Commission (SEC) in a filing on Wednesday. The fund is named "ARK 21Shares Ethereum ETF," which will directly invest in ETH and be traded on the Cboe BZX exchange. 21Shares is the sponsor of the trust, Delaware Trust Company is the trustee, and Coinbase Custody Trust Company is the custodian.
Additionally, Cboe BZX has also submitted a 19b-4 filing for the VanEck Ethereum spot ETF, with Coinbase serving as the monitoring sharing partner. Previously, ARK Invest and 21Shares had jointly submitted two Ethereum futures ETF applications, and the SEC is expected to make a decision by mid-October. (Source link)
8. New U.S. Accounting Rules Will Allow Companies to Report Their Cryptocurrency Holdings at Fair Market Value
According to ChainCatcher, Bloomberg reports that the Financial Accounting Standards Board (FASB) in the U.S. has approved new rules allowing companies to report their cryptocurrency holdings at fair market value. The rules will be published by the end of 2023 and will take effect in 2025, but companies can apply these rules early; additionally, wrapped tokens are not subject to the new rules.
Professionals analyze that fair value will encourage institutions to hold cryptocurrencies. Many large Web3 companies, such as MicroStrategy and Bitfinex, hold Bitcoin on their balance sheets. Berenberg Capital stated in a report that the new rules could "eliminate the adverse effects of impairment losses under the current FASB rules." (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours?"
1. “Jumping into the Trading Bot Track: What Did Banana Gun Do?”
Since May this year, Unibot has surged dramatically. If you have ever regretted not entering the market or discovering Alpha early, you should be reminded that both Banana Gun and MaestroBot currently have more users than Unibot. Especially Banana Gun, which has gained significant attention due to its token presale announcement yesterday.
2. “Stanford Blockchain Week: Summary of Trends in ZK, Modularity, and Bitcoin Ecosystem Development”
From August 26 to September 1, Stanford Blockchain Week took place, a week-long series of conferences, summits, and events. This article will explore three key trends from that week: ZK advancements, composability achieved through modularity, and the development of the Bitcoin ecosystem, as well as what this means for the overall industry.
3. “Beyond Worldcoin, What Could the Rising DID Bring to Web3?”
In fact, the rise of Worldcoin reflects the increasing importance of the DID track—DID is widely regarded as the core infrastructure of Web3, which can return individuals' privacy and data rights to each person for free control.
Because in the traditional account system, current internet giants hold the privacy and data that should belong to users, while they engage in financing, going public, and other commercial activities, users as contributors do not enjoy the returns they deserve.
