Daily Report ｜Worldcoin Foundation will pay WLD to Orb operators instead of USDC; "Shenzhen University 50 million yuan donor" Zhang Yufeng announces the launch of a paid knowledge community

整理：Grapefruit, ChainCatcher

What important events have occurred in the past 24 hours?

1. 9x9x9 converts all SUSHI to PEPE, with SUSHI position losses exceeding $30 million

According to ChainCatcher, monitoring by Lookonchain reveals that OpenDAO core contributor 9x9x9 (@9x9x9eth) has converted all SUSHI to PEPE.

The address sold 2.36 million SUSHI (worth $1.34 million) at an average price of $0.57 eight hours ago and spent 851 ETH (about $1.42 million) to buy 18.9 trillion PEPE. The total loss on the SUSHI position amounts to approximately $30 million. (Source link)

2. Web3 social data site Port3 Network receives investment from DWF Labs

According to ChainCatcher, the Web3 social data portal Port3 Network announced on Twitter that it has received investment from DWF Labs. This funding round will be used to promote the development of its on-chain interaction automation language BQL and enhance the upcoming social data layer.

According to the crypto data platform RootData, in February, Port3 Network completed a $3 million seed round led by KuCoin Ventures, with participation from Jump Crypto, SNZ, Block Infinity, Dragon Roark, ViaBTC, Cryptonite, Lapin Digital, Cogitent, and Momentum6. Port3 Network has completed a new round of financing totaling millions of dollars, bringing the total funding to $10 million, with investors including EMURGO, Adaverse, and Gate Labs. Additionally, Port3 Network has also received funding from Binance Labs, Mask Network, and Aptos. (Source link)

3. Derivatives trading platform Coral Finance receives strategic investment from Websea Labs

According to ChainCatcher, the decentralized premium derivatives trading platform announced that it has received strategic investment from Websea Labs, an investment arm of the crypto asset trading platform Websea, with the investment amount undisclosed. This strategic investment marks Websea Labs' first DeFi derivatives project and will provide industry resources to accelerate its development. Previously, Coral Finance had received investments from several institutions including Zebec Labs, Momentum Capital, Cipholio Ventures, Emurgo Venture, CatcherVC, and BiFinance.

Coral Finance is a derivatives trading platform that provides reliable, long-term liquidity solutions for ecological projects through innovative premium trading, improving users' capital efficiency and offering hedging methods. Its premium mechanism focuses on Web3 digital assets and will introduce traditional financial equity assets from the real world to drive liquidity.

Websea is a global crypto asset trading platform that combines centralized and decentralized attributes. It is headquartered in Singapore and has operations and offices in Dubai, Hong Kong, London, and other locations. (Source link)

4. Worldcoin Foundation will pay Orb operators in WLD instead of USDC

According to ChainCatcher, The Block reports that the Worldcoin Foundation will pay Orb operators in WLD tokens instead of USDC. Currently, the circulating supply of WLD tokens has reached over 1% of its total supply of 10 billion tokens. Of the approximately 134 million WLD issued, 100 million were provided as loans to market makers, and 34 million were distributed as grants to users and Orb operators.

As the loans are set to expire on October 24, Worldcoin announced it will renew the agreement until December 15 of this year, reducing the amount by 75 million tokens; as part of the agreement, market makers will return or purchase some or all of the remaining 25 million. (Source link)

5. "Shenzhen University 50 million yuan donor" Zhang Yufeng announces paid knowledge community

According to ChainCatcher, Zhang Yufeng's account announced the establishment of a paid knowledge community, charging 399 yuan, and stated that he would "respond to some private messages related to investment and trading, hoping to create a pure trading atmosphere."

Zhang Yufeng previously claimed to have donated 50 million yuan to Shenzhen University, but there is currently no evidence to confirm that the donation has been made. Earlier, media outlets had sought confirmation from several former executives and employees of FTX and Alameda Research, all of whom stated they had never heard of an employee named Zhang Yufeng since the company's inception. (Source link)

6. Ethereum core developer: Nethermind and Besu's decision to stop storing Ethereum historical data is irresponsible

According to ChainCatcher, Ethereum core developer and Geth client developer Péter Szilágyi stated on social media that the decision by Ethereum clients Nethermind and Besu to stop storing Ethereum historical data and to seek to standardize this behavior without violating the protocol is irresponsible.

Allowing users not to store historical chains is a very dishonest marketing tactic; users switch to the X client because it is smaller; they can still access old data because Geth provides it; users are completely unaware of this from Geth developers. They could collaborate on EIP-4844 to first help archive historical blocks, and then all clients could delete them at once, but market share would not change.

Péter Szilágyi expressed a desire to exit Ethereum, stating, "Since even core developers are maximizing their interests relative to other developers, why bother trying to make it better? I am deeply disappointed in everyone involved." (Source link)

"What are the noteworthy articles to read in the past 24 hours?"

1. “Zee Prime Capital: How do project founders find the 'wedge' to leverage the crypto market?”

Whether in the Web2 space or in cryptocurrency, the success stories that founders aspire to often begin with small and unremarkable ideas. Founders cannot predict the path dependency on the first day; at the beginning of their entrepreneurial journey, they cannot see all the adjacent markets on the horizon. But it is the "adjacent possibilities" that allow businesses to discover and merge new markets during their development.

2. “A new trend in the Bitcoin mining market: computing power and RWA”

With the approach of the fourth Bitcoin halving, a new paradigm shift is occurring in the Bitcoin and its computing power market.

On June 20, Bitcoin mining company HAG Holding Limited (HAG) announced the official issuance of the world's first compliant digital security (STO) based on Bitcoin perpetual computing power, providing investors with monthly Bitcoin dividend payouts; on September 23, the decentralized computing power routing protocol Lumerin announced the launch of a decentralized Bitcoin computing power market on Arbitrum; on October 2, the Bitcoin RWA project Merlin Protocol announced the completion of testing on the testnet.

The USDT issuer Tether is also actively positioning itself, announcing the launch of a Real World Ecosystem (RWE) while also rapidly developing Bitcoin mining operations.

Compared to profiting through traditional centralized Bitcoin mining companies (hereafter referred to as mining companies), Bitcoin computing power and RWA may be becoming a new trend in the Bitcoin mining market.

3. “Behind Chainlink's surge: Korean exchanges and whales boost, staking mechanism upgrade imminent”

Recently, the price of the leading oracle Chainlink's token $LINK has continued to rise, reaching a yearly high. At the same time, the contract open interest for $LINK has rapidly increased, nearly reaching levels seen during bull markets. The rise in $LINK may be related to factors such as Korean exchanges, whale purchases, and the release of significant products.