Daily Report | Synthetix founder Zhu Su's challenge was declined; Binance will delist tokens such as CVP, EPX, FOR; Trump returns to platform X, but new tweets are in "search visible" status
August 12 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Musk: Live conversation with Trump on X platform at 8 AM on August 13
- SkyBridge Capital founder: Trump's campaign is in chaos and undergoing personnel changes
- Synthetix founder's challenge to Zhu Su was declined
- Binance will delist tokens such as CVP, EPX, FOR
- Trump's former aide Anthony Scaramucci predicts Trump will withdraw from the U.S. presidential race
- Trump returns to X platform, but new tweets are in "search visible" status
- New Huo Technology's latest announcement reveals Li Lin holds 31.25% stake in ABCDE Fund
- ZK trading platform Vessel mainnet is now live with Scroll
"What important events happened in the past 24 hours"
Musk: Live conversation with Trump on X platform at 8 AM on August 13
Musk stated on X that he will have a live conversation with Trump on the X platform tomorrow at 8 PM Eastern Time (8 AM Beijing Time on the 13th). The interview will be unscripted, with no topic restrictions.
Additionally, Musk expressed, "I want to know what his favorite meme is."
SkyBridge Capital founder: Trump's campaign is in chaos and undergoing personnel changes
SkyBridge Capital founder and Trump critic Anthony Scaramucci posted on X, stating, "The implosion has begun. Trump's campaign is in chaos, and 'little' Trump is looking for scapegoats and making personnel changes."
Synthetix founder's challenge to Zhu Su was declined
Synthetix founder Kain Warwick posted on X that he invited Zhu Su to "fight" on the Karate Combat live streaming platform in Singapore and requested a response within 24 hours, urging him not to act as if he didn't see it.
In response, Zhu Su stated, "Kain, I sincerely apologized to you via private message months ago. You have been ignoring it for months. I have met several members of the infinex team (a new protocol under Synthetix) in Brussels and encountered you. Then you leaked private messages for no reason, which I cannot understand. I don't know what you're thinking, but I respectfully decline the invitation and wish you all the best."
Kain replied again, stating, "I didn't respond to your apology because you would turn around and use it to maintain your image, like saying 'Kain and I have reconciled, and we are good' or something similar."
Binance will delist tokens such as CVP, EPX, FOR
According to the official announcement, Binance will close all arbitrage strategies for its funding rate arbitrage bot at 06:00 (UTC) on August 19 and will automatically settle the LOOM/USDT and REEF/USDT trading pairs. Binance will delist and stop all spot trading pairs for six tokens at 11:00 on August 26, 2024 (Beijing Time).
The specific trading pairs being removed include: CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT, VGX/USDT.
Trump's former aide Anthony Scaramucci predicts Trump will withdraw from the U.S. presidential race
According to Coingape, Trump's former aide Anthony Scaramucci predicted today that Trump will withdraw from the 2024 U.S. presidential election.
Stephanie LB shared a snapshot of Trump's recent remarks and pointed out that polls show Trump has a slight lead over Vice President Kamala Harris in key states like Pennsylvania, Nevada, and North Carolina. Despite these favorable conditions for Trump, Stephanie LB predicts, "He will withdraw before a major defeat."
Anthony Scaramucci subsequently supported this view, stating, "I said this a month ago on The Rest Is Politics US."
Anthony Scaramucci continued to imply that Trump is weaker than he appears. He labeled Donald Trump as a "coward," suggesting that he would back down if his prospects looked bleak. In another article, he hinted at chaos within Donald Trump's campaign team, claiming that the former president is "looking for scapegoats and making personnel changes."
Trump returns to X platform, but new tweets are in "search visible" status
Former U.S. President Trump returned to the X platform (formerly Twitter) after three years. In his latest tweet, he stated, "They want me to shut up, but I will never allow them to silence you. They are not just coming for me; you will follow. I just happen to be in their way, and I will never back down. We will make America great again!"
Although the tweet is currently only accessible via direct link and appears to be in "search visible" status, it has quickly garnered over 360,000 views.
New Huo Technology's latest announcement reveals Li Lin holds 31.25% stake in ABCDE Fund
Hong Kong-listed company New Huo Technology announced that it has signed an asset management service framework agreement with its controlling shareholder Li Lin to provide asset management services for its affiliated funds, including ABCDE Fund, New World Fund, New Era Fund, and MS Fund, with management fees ranging from 1% to 2%.
The announcement disclosed that as of June 30 this year, the total assets under management of ABCDE were $40 million, with Li Lin holding a 31.25% stake. The total assets under management of New World Fund were $20 million, with Li Lin holding a 50.00% stake. The total assets under management of MS Fund were $18.1 million, with Li Lin holding a 96.13% stake.
According to RootData, ABCDE has a total of 32 portfolio investments, including 12 leading projects such as Bitlayer, bitSmiley, Surf Protocol, and UTXO Stack.
ZK trading platform Vessel mainnet is now live with Scroll
ZK trading platform Vessel tweeted that its mainnet is now live with Scroll.
According to the RootData page, Vessel is an integrated on-chain trading platform dedicated to providing quality services for spot trading, perpetual trading, and enhanced AMM DEX. On August 8, Vessel completed a $10 million seed round of financing, with participation from Sequoia Capital and others.
Biconomy account abstraction has been integrated with taiko
Web3 developer and trading infrastructure platform Biconomy announced on the X platform that account abstraction has been integrated with taiko.
According to Web3 asset data platform RootData, as the infrastructure for AA wallets, Biconomy provides a full-stack account abstraction tool, including ERC4337 compliant modular smart accounts, Paymasters as a service (simplifying transactions, accepting other tokens as gas), hot-pluggable API services, and binding programs as a service. In addition to supporting the Ethereum public chain, Biconomy also supports multiple chains such as Arbitrum, Polygon, Base, Optimism, BNB Chain, Blast, and TON, recently adding support for Scroll, covering most mainstream EVM chains on the market.
In a previous July announcement, Web3 developer and trading infrastructure platform Biconomy stated on the X platform that gas abstraction has been widely adopted, with 250 new projects utilizing Biconomy Paymaster each month in the first half of this year. The total number of Paymaster UserOps on Web3 reached 19 million, with a monthly growth rate of 17% over the past six months, processing gas fees amounting to $2.9 million.
Upbit to suspend USDT trading on August 19 due to server maintenance
According to Upbit's announcement, to change the quote unit and ensure the stability of the trading system, the USDT market server will undergo maintenance from 13:00 to 15:00 (UTC+8) on August 19, expected to last about 2 hours, during which USDT market trading will be suspended.
ZachXBT: One of the WBTC holders is a suspicious entity related to ransomware/pig butchering
On-chain detective ZachXBT tweeted that one of the WBTC holders is a suspicious entity related to ransomware/pig butchering. The holding data is as follows:
- 1253 WBTC ($73 million) 0xed805ac246f441ea0d057b81d910ef1e39eb5995
- 185 WBTC ($10.8 million) 0x9a5c7630d327885ae849217702824e5835d3c5e0
"What are the noteworthy articles to read in the past 24 hours"
Why do hackers favor Ronin? The hidden dangers behind three attacks
As of August 12, the Ronin cross-chain bridge, which was attacked again, has not reopened to users and remains in maintenance mode.
Just as community users were looking forward to Ronin's ecosystem launching another hit product like the Web3 farming game Pixels, the Ronin cross-chain bridge was attacked again, with stolen assets valued at approximately $12 million.
So far, Ronin has experienced three security attack incidents. If the $624 million stolen by hackers from the Ronin cross-chain bridge two years ago (2022) was an accident, and the theft reported in February this year was confirmed to be a "hacker blunder," then the Ronin cross-chain bridge being attacked again on August 6 seems to be expected.
Back in February, when Ronin's co-founder wallet assets were stolen, community users joked that Ronin wouldn't have a third attack, but within less than six months after the last security incident, Ronin was indeed attacked again.
For a crypto project to repeatedly experience security incidents, the security reputation of the crypto project has been lost for community users.
MicroStrategy Bitcoin Fourth Anniversary: A Review of Its Acquisition Strategy and Market Impact
On August 11, 2020, MicroStrategy boldly ventured into the Bitcoin (BTC) space for the first time, making headlines and ushering in a new era for the entire industry.
Under the leadership of Michael Saylor, MicroStrategy quickly rose to become one of the largest publicly held Bitcoin companies in the world, fundamentally changing how companies think about financial management and transforming the industry's attitude toward digital assets.
As we celebrate the fourth anniversary of this decision, let's take a deep dive into some significant Bitcoin purchase cases by MicroStrategy and see how these strategic moves have impacted the market.
Grayscale: Why is Ethereum underperforming? What will the future market look like?
Due to concerns about the U.S. economic outlook and broader financial market volatility, cryptocurrency valuations fell in early August. Ethereum's underperformance may be due to increased positions in the futures market and sell-offs by a few large holders.
If the U.S. economy continues on a "soft landing" path, Grayscale Research expects token valuations to rebound.
However, even in a weaker economic environment, Grayscale Research has reason to believe that the downside risk for prices may be more limited than in the past.
After experiencing a significant drop from August 2 (Friday) to August 5 (Monday), crypto assets and broader financial markets stabilized mid-week. Although the prices of major tokens typically have low correlation with other asset classes, volatility in traditional markets may affect cryptocurrency valuations.
The dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs seems to be nearing a conclusion, and this is no exaggeration.
The reason for saying "nearing" is that although Judge Analisa Torres made a final ruling on August 7, both parties still have the right to appeal the ruling.
On August 7, Judge Torres ruled that Ripple Labs must pay a $125 million fine. This amount is far lower than the SEC's original demand of $2 billion—this figure does not include fines and estimated interest, which are $876 million and $198 million, respectively.
At the same time, this penalty amount is also much higher than the $10 million that Ripple Labs requested when countering the SEC's lawsuit. Nevertheless, compared to the initial fine amount demanded by the SEC, this ruling can still be seen as a victory for cryptocurrency companies.
However, because of this ruling, a lawyer revealed to me that the SEC is likely to appeal the ruling.
At least, Ripple's executives publicly declared this ruling a victory, which may suggest that they do not intend to continue appealing.
Debate on the value of the crypto industry: Did we choose the wrong industry?
Ethereum core developer Péter Szilágyi, a member of the Ethereum Foundation and currently the lead developer of the mainstream Ethereum execution layer client Geth, expressed doubts about whether he chose the wrong industry on the evening of August 5, after witnessing the intense emotional fluctuations of the community in response to market volatility, revealing deep disappointment with the crypto industry and sparking widespread discussion. Below is a compilation of Wu's commentary on the original text and corresponding key comments:
