Daily Report ｜ Tip Coin announces token economic model; opBNB mainnet officially launched
Coinbase will integrate the Bitcoin Lightning Network; it is reported that Binance.US has decided to lay off one-third of its staff.整理：flowie, ChainCatcher
What important events have occurred in the past 24 hours?
1. Tip Coin announces token economic model, 40% of total tokens allocated for airdrops
According to ChainCatcher, the Web3 social application Tip Coin has announced its token economic model, where 35% of the TIP tokens will be used for platform rewards, 5% allocated to the market, 5% allocated to team lock-up, and the remaining tokens distributed among three Epoch rewards. In Epoch 1, 15% will be used for liquidity provision and 15% for airdrops; in Epoch 2, 20% of tokens will be used for airdrops; in Epoch 3, 5% of tokens will be used for airdrops. (Source link)
2. Paxos releases first PYUSD transparency report: all transactions over-collateralized
According to ChainCatcher, Paxos has released its first PYUSD transparency report, disclosing unaudited data related to PYUSD as of August 31, Eastern Time, including: total outstanding tokens of approximately $44.37 million; current market value of collateral in U.S. Treasury repurchase agreements of $43.86 million, with a nominal position value of $43 million; current market value of collateral in other cash deposits at custodial institutions of approximately $1.5 million; and current market value of collateral in total net assets of $45.36 million, with a nominal position value of $44.5 million.
Paxos stated that U.S. Treasury repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to buy back the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos can liquidate the U.S. Treasury collateral to cover the loss, and since all transactions are over-collateralized, the risk of loss is not considered significant. (Source link)
3. Insider: Binance.US president has resigned, internal decision to lay off one-third of staff
According to ChainCatcher, The Block reported citing insiders that due to uncertainty and business decline, Binance.US president Brian Shroder has resigned, having joined the company in September 2021. Additionally, Binance.US internally announced that it has laid off one-third of its employees. (Source link)
4. opBNB mainnet officially launched
According to ChainCatcher, the opBNB mainnet has officially launched, focusing on enhancing the network's resilience and decentralization through Proof Enhancement, account abstraction, data availability of BNB Greenfield, interoperability with BNB Greenfield, and decentralized ordering. (Source link)
5. Coinbase CEO: Bitcoin Lightning Network will be integrated
According to ChainCatcher, Coinbase CEO Brian Armstrong stated, "The team has decided to integrate the Lightning Network. Bitcoin is the most important asset in the crypto industry, and we are excited to do our part to enable faster/cheaper Bitcoin transactions. It will take some time to implement this integration, so please be patient." (Source link)
6. KBank launches $100 million fund to invest in AI and Web3 solutions focused on financial services
According to ChainCatcher, KBank's innovation department, Kasikorn X (KX), has launched a $100 million fund called KXVC, which will invest in AI and Web3 solutions focused on financial services. KXVC will also provide founders with opportunities to access KBank's corporate resources, SME, and consumer networks.
It is reported that prior to the launch of KXVC, KX had already collaborated with startups and funds such as Magic Link, Transak, HashKey Capital, Symbolic Capital, and Aifund.ai. KX previously participated in the $5 million seed round financing of the DeFi derivatives trading protocol Forward. (Source link)
7. Block.one's crypto exchange Bullish plans to apply for a license in Hong Kong
According to ChainCatcher, Bloomberg reported that Tom Farley, CEO of Block.one's crypto exchange Bullish, stated that as part of its international expansion efforts, the exchange plans to apply for a license in Hong Kong. Farley revealed that Hong Kong is Bullish's largest office, with the company having 260 employees globally, including 110 in Hong Kong, about 75 in the U.S., 40 in Singapore, and several dozen in Gibraltar. (Source link)
8. Beosin: Current losses at exchange CoinEx amount to at least $53 million
According to ChainCatcher, based on tracking by Beosin's KYT virtual asset anti-money laundering compliance and analysis platform, as of the time of publication, the estimated losses at the exchange CoinEx across multiple blockchains are at least $53 million, broken down as follows: approximately $18 million on the ETH chain, about $6.3 million on the BNB chain, approximately $11.1 million on the TRON chain, about $6 million on the XRP chain, approximately $5.97 million on the BTC chain, $286,000 on the Polygon chain, $2.65 million on the Solana chain, $448,000 on the BCH chain, $1.7 million on the XDAG chain, and $1.12 million on the KDA chain.
The Beosin security team will continue to track and analyze the stolen funds.
"What are some interesting articles worth reading in the past 24 hours?"
1. "Interview with MetaMask: How Snaps is Disrupting MetaMask's Ecosystem Interaction?"
Last night, Consensys announced the public launch of the first version of MetaMask Snaps. According to the official website, MetaMask Snaps are features created by third-party developers that MetaMask users can install directly into their wallets.
Today, during the Token2049 conference in Singapore, Francesco Andreoli, the developer relations maintainer for MetaMask, shared how the newly released Snaps feature promotes permissionless innovation and interoperability among different ecosystems.
Today, Arthur Hayes, co-founder and former CEO of BitMEX, delivered a speech titled "Money Printing, AI, and Crypto: Fueling an Epic Bull Market Mania" at Token2049 in Singapore.
Arthur Hayes discussed debt and AI from a macro perspective, then narrowed down to a micro level, briefly explaining why he is very bullish on Filecoin. He believes the next bull market may start in early 2024, which will be the largest bull market for both the cryptocurrency sector and risk assets since World War II and the Great Depression.
Pantera Capital published an article explaining its practice of assessing the crypto market through fundamentals and the macroeconomic environment, stating that several major background catalysts are about to emerge, which may have a significant impact on the digital asset market, the most important being the potential approval of a spot Bitcoin ETF.
