Daily Report ｜Binance: Wallet maintenance will be conducted in the coming days, and large transfers may occur on multiple networks; Market news: Mt. Gox creditors may have started receiving refunds in yen

Organizer: Luan Peng, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Binance: Wallet maintenance will take place in the coming days, large transfers may occur across multiple networks
According to ChainCatcher, Binance announced on social media that the platform will conduct standard wallet maintenance in the coming days. Large transfers will occur across multiple networks in the Binance wallet, and user funds are safe. (Source link)

2. Data: A whale withdrew 9.66 million BAKE from Binance and BakerySwap, approximately 6.92 million USD
According to ChainCatcher, Scopescan monitored that in the past 24 hours, a whale withdrew 9.66 million BAKE (approximately 6.92 million USD) from Binance and BakerySwap.

Additionally, since the release of Bitcoin Cats, the price of BAKE has increased by 210%. (Source link)

3. Market News: Mt. Gox creditors may have started receiving yen-denominated refunds
According to ChainCatcher, reports from Cointelegraph indicate that several posts on the Reddit page r/mtgoxinsolvency suggest that Mt. Gox has been sending yen-denominated refunds to creditors via PayPal, with some Reddit users claiming to have received payments. This funding is nearly 10 years after Mt. Gox was hacked in February 2014. (Source link)

4. Jupiter: System upgrade will take place in the next two weeks, and feedback will be publicly solicited
According to ChainCatcher, Solana ecosystem trading aggregator Jupiter tweeted that it will upgrade its system in the next two weeks, particularly in terms of reliability, and is looking to publicly solicit feedback and criticism. (Source link)

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

1. “First-Class Research Report: In-Depth Analysis of the DAO Gaming Guild Merit Circle”

Merit Circle (MC) is a decentralized DAO gaming guild built on Ethereum and BSC. Initially, Merit Circle was a scholarship guild similar to YGG, also having scholarship operations[2], SubDao models[3], etc. However, considering the sustainability and limitations of scholarship operations, and the fact that these operations were almost all suppressed by YGG, it began to transform its DAO structure and positioning in March 2022, hoping to build it into a gaming DAO. Merit Circle divides the DAO into multiple sectors (vertical fields), with its main sectors currently divided into investment, studios (building and incubating new projects), gaming (distribution channel platform for blockchain games), and infrastructure (the Beam gaming chain built on Avalanche, which went live on the mainnet on August 18 this year). Additionally, the game NFT platform Sphere, which is still in the development stage, was once one of the four major sectors but was postponed due to market factors, replaced by the infrastructure sector.

Merit Circle's predecessor was Axie 420, an "Axie Infinity" scholarship organization founded in July 2021, initially aimed at enabling players from low-wage countries to play Axie Infinity. Axie 420 received $200,000 in incubation investment from Flow Ventures in August 2021 and raised $1.25 million from other channels, and in September 2021, it was renamed Merit Circle, expanding its project focus from solely Axie Infinity to more popular games and the metaverse.

2. “Crypto Industry Review and Outlook: Which Tracks Are Worth Paying Attention to in 2024?”

Following my article written last December[1], we are opening another article to summarize what happened in 2023 and look ahead to the future of 2024. 2023 was a process of starting low and rising high, with the secondary market continuously climbing, but at the same time, the primary market remained quiet, giving me the impression that the primary market might be even quieter than in 2022. This may stem from: 1. The primary market lags behind the secondary market by about six months, and new entrepreneurs have not yet entered the scene; 2. Old entrepreneurs are continuously fading away (moving to AI); 3. There is an extreme lack of new stories, with most stories in the current market being old stories being recycled.

The entire article, like last year, is divided into three parts, mainly explaining what was expected this year that turned out to be wrong, what is expected for next year, and what needs to be observed next year.

3. “The Arweave and Irys Fork Controversy: Who Is Right?”

Recently, the dispute between the decentralized storage protocol Arweave and its main ecosystem project Irys has attracted the attention of the community and the industry.

Arweave is a decentralized data storage protocol. Irys (formerly Bundlr Network), as one of the leading projects in the Arweave ecosystem, is an expansion solution for Arweave, bundling multiple transactions to help Arweave improve throughput. Data uploaded to Irys is permanent and censorship-resistant, with each piece of data having a high-precision timestamp, allowing users to read and write any scale of data and accurately determine its source at all times.