Daily Report | The debate between U.S. Vice President Harris and Trump has concluded, with no mention of cryptocurrency-related topics; RWA project Huma Finance has completed $38 million in funding
September 11 News SummaryOrganizer: Luan Peng, ChainCatcher
Important News:
- Wintermute supports stETH as collateral for OTC trading
- RWA project Huma Finance completes $38 million financing, led by Distributed Global
- Binance launches token unlock details display feature
- Trump-related stocks and cryptocurrency concept stocks fall before trading after US election debate
- Lawyer defends former Alameda CEO, claims she cooperated with asset recovery and provided testimony for SBF trial, should not go to prison
- Indonesian crypto exchange Indodax: potential security issues discovered, platform undergoing comprehensive maintenance
- Singer Taylor Swift announces support for Harris
- US Vice President Harris and Trump debate ends, no mention of cryptocurrency-related content
"What important events happened in the past 24 hours"
Wintermute supports stETH as collateral for OTC trading
Lido announced that stETH has now been added to Wintermute's multi-currency collateral support list for OTC trading. This means users can stake ETH to earn rewards while using stETH as collateral for the first time in Wintermute's OTC trading, helping institutions maximize asset utilization and improve trading efficiency.
Currently, out of 120 million ETH in circulation, only 33.8 million are staked, with about 10.2 million staked through Lido.
RWA project Huma Finance completes $38 million financing, led by Distributed Global
Huma Finance, a company focused on the tokenization of real-world assets (RWA), recently completed a $38 million financing round, which includes $10 million in equity investment and $28 million in revenue-generating RWA.
This round of financing was led by venture capital firm Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture capital arm of Turkey's largest private bank, İşbank.
The Stellar Development Foundation invested $10 million in the RWA segment, becoming the largest participant.
Huma Finance plans to use these funds to expand its PayFi platform to the Solana blockchain and Stellar's Soroban smart contract network. The company's merger with Arf is expected to achieve a payment financing transaction volume of $10 billion next year.
Binance launches token unlock details display feature
According to Decrypt, cryptocurrency exchange Binance has partnered with CoinMarketCap to integrate token unlock and vesting plan details into its platform, which could change the way cryptocurrency traders assess the top global cryptocurrency exchange tokens by trading volume.
A Binance spokesperson stated that this integration aims to help users stay informed. "Token unlocks can impact prices, so it's crucial to be aware of this information," the spokesperson said. "This new feature optimizes their strategies and enables better decision-making by providing clear, accessible data, helping our users stay ahead."
Previously, Binance acquired CoinMarketCap in April 2020, although the two entities operate independently.
Trump-related stocks and cryptocurrency concept stocks fall before trading after US election debate
According to market information, after the US election debate, shares of Trump Media & Technology Group (DJT.O) fell 13% in pre-market trading.
Blockchain concept stocks also fell, with MicroStrategy (MSTR.N) and Riot Platforms (RIOT.O) down about 3%, and Coinbase (COIN.O) down 2%. (Jin Shi)
According to The Block, a lawyer claims that Caroline Ellison, the former CEO of Alameda Research involved in the FTX collapse, should not go to prison for her role in the FTX downfall. He advocates for a sentence that allows her to serve time before being placed under house arrest. The reasoning is that Caroline Ellison has been cooperating with the government and FTX creditors, and her testimony in last year's Sam Bankman-Fried trial was very helpful. "There is no risk of reoffending, nor does she pose a threat to public safety. Therefore, considering Caroline's early disclosure of her crimes, her unwavering acceptance of responsibility, and most importantly—her extensive cooperation with the government, leniency would help uphold the law."
Earlier news today reported that Caroline Ellison will be sentenced on September 24 in a New York court, facing fraud charges that include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering.
In March of this year, former FTX CEO Sam Bankman-Fried was convicted on seven counts of fraud and conspiracy and sentenced to 25 years in prison.
Indonesian crypto exchange Indodax announced on the X platform that its security team has discovered potential security signs on the platform. Comprehensive maintenance is currently underway to ensure the entire system operates normally. During this maintenance, the INDODAX web platform and application will be temporarily inaccessible. However, users can be assured that their cryptocurrency and rupiah balances remain 100% secure.
Singer Taylor Swift announces support for Harris
Taylor Swift announced on Tuesday that she supports Vice President Kamala Harris's presidential campaign, ending speculation about whether the superstar singer would share her political views before the November election. Swift stated that she will vote for Harris in the election.
Swift wrote on Instagram: "I vote for Harris because she fights for rights, and I believe we need a warrior to defend those rights. I think she is a strong and talented leader, and I believe that if we have calm rather than chaotic leadership, we can achieve greater things in this country. I am very encouraged and impressed by her choice of Tim Wu as her running mate, who has supported LGBTQ+ rights, IVF, and women's rights to their own bodies for decades."
US Vice President Harris and Trump debate ends, no mention of cryptocurrency-related content
The debate between US Vice President Harris and Trump ended without mentioning cryptocurrency-related content.
Additionally, according to market news, after the debate, former President Trump and Vice President Harris left without shaking hands. They shook hands at the beginning of the debate, ending an eight-year record of no handshakes on the election debate stage.
Beijing police dismantled an underground money laundering gang that used virtual currency transactions. Currently, four main suspects involved have been approved for arrest by the prosecution for illegal business operations.
Investigations revealed that a key member of the gang, Lv, obtained foreign nationality years ago and discovered that virtual currency transactions could transfer domestic RMB abroad and exchange it for foreign currency while living abroad. Subsequently, Lv, along with Chen and others, used virtual currency trading platforms to assist domestic individuals intending to transfer funds to purchase virtual currencies extensively, thereby transferring funds abroad, with the amount involved exceeding 800 million yuan. Meanwhile, police found that the gang had provided funding channels and transferred illicit funds for multiple telecom fraud cases and embezzlement cases.
According to Cyvers Alerts monitoring, the wallet of Indonesian crypto exchange Indodax has conducted over 150 suspicious transactions across different networks, with a total loss of approximately $18.2 million, and suspicious addresses are converting various tokens into Ethereum.
Democratic Congresswoman Waters criticizes Trump's cryptocurrency project at hearing
Democratic Congresswoman Waters (California) emphasized the higher risks consumers face in the DeFi space during a hearing on Capitol Hill, citing the cryptocurrency lending platform World Liberty Financial promoted by Trump and his sons as an example.
Last week, the Twitter accounts of Trump's daughter Tiffany Trump and Republican National Committee Chair Lara Trump (Trump's daughter-in-law) were hacked. Under the hackers' control, these accounts promoted fake tokens issued by World Liberty Financial, attempting to deceive potential buyers. Waters stated, "Due to the notoriety of the individuals behind the project, criminals took this opportunity to defraud potential users. Legislators have a responsibility to consider establishing strong protective measures to prevent such scams."
According to Eric Trump, one of Trump's sons, Twitter blocked the hacked social media accounts "within minutes." However, Waters pointed out that many people were still harmed, purchasing fake tokens worth approximately $1.8 million, which were actually unrelated to the project.
"What are some great articles worth reading in the past 24 hours"
After 2 days of launch, some things you need to know about Fractal
It has been two days since the Fractal mainnet officially launched. Before we review these two days and look forward to potential opportunities, I found a somewhat amusing issue------
Many people still don’t know where to buy $FB…
This issue was most directly reflected on the night of September 9, when a "new FT protocol" called FLUX suddenly emerged, and somehow foreigners also noticed this "inscription plate" that we are most familiar with, with even some foreigners asking where to find $FB OTC…
So before we continue with the content below, let's first look at the channels where $FB can be traded:
Currently, the CEX where $FB can be traded/deposited/withdrawn is CoinEx, which was established in 2017. The Epic Sat "Epic Cong" that was mined during the previous halving was auctioned in cooperation with CoinEx and ViaBTC, making it a reliable background.
Dot Swap has launched a swap pair for Bitcoin and $FB, allowing for direct on-chain trading of $FB or creating a liquidity pool for $FB.
Alright, now let's review the past two days of Fractal.
Bribery with cryptocurrency has become a new tool for job-related crimes?
The lawyer team of Sister Sa has discovered during the handling of cryptocurrency-related cases that a current undeniable fact is that law enforcement personnel who have not dealt with cryptocurrency cases may view the crypto space as a flood beast; however, once they have handled related cases, they often start to learn relevant knowledge and will rush to handle cryptocurrency cases when they arise, with some even choosing to proactively seek out cases…
So, can cryptocurrency be used for bribery? If state officials use the characteristics of cryptocurrency assets—difficult to regulate, easy to transfer, and high value—to accept bribes, can it be classified as bribery or other traditional job-related crimes in our country, given that cryptocurrency is not recognized as legal tender?
Today, the Sister Sa team will discuss the situation of using cryptocurrency to commit job-related crimes.
Review of the 21 projects selected for a16z CSX Accelerator
In the early hours of today, a16z Crypto partner Jason Rosenthal announced on X the 21 projects selected for the a16z Crypto Startup Accelerator (CSX) fall program.
According to the official description from a16z Crypto, the projects selected for this accelerator program come from 11 different countries, including Austria, Brazil, Bulgaria, Canada, Germany, Japan, Poland, Portugal, the United Arab Emirates, the United Kingdom, and the United States (including Puerto Rico), covering various stacks of the cryptocurrency ecosystem, including AI, DeFi, infrastructure, as well as consumer-oriented applications like photo sharing and mapping.
In the next eight weeks, these projects will receive guidance from top investors and founders within the CSX accelerator and will have the opportunity to connect with a16z's vast ecosystem. More importantly, a16z will invest at least $500,000 in each selected project through CSX.
Below is a brief introduction to the 21 projects in this batch (sorted by the first letter of the project).
Four Pillar's latest research report: Praised by Vitalik, Taiko redefines Ethereum L2 solutions
Ethereum was launched in 2015, aiming to fully leverage blockchain technology's potential through smart contracts and decentralized applications (dapps). However, with the rapid growth of Ethereum's user base and transaction volume, it encountered serious scalability issues.
Initially, the number of transactions on Ethereum was relatively low, so the blockchain's processing capacity was not an issue. Users could process transactions quickly and at low cost, and the network operated stably. However, as Ethereum's popularity surged, various dapps, such as DeFi, gaming, and NFT markets emerged, leading to a surge in transaction volume. As a result, the time to include transactions in blocks increased, and transaction fees rose significantly. This burden was particularly heavy for users conducting small transactions or requiring rapid transaction processing.
To address scalability issues, the Ethereum Foundation and community explored various solutions. Among them, sharding is a prominent solution. Sharding is a scalability technology that divides the blockchain network into multiple smaller "shards," significantly increasing transaction throughput. Just as multiple computers can process tasks simultaneously, sharding allows the Ethereum network to process more transactions quickly and efficiently. Ethereum plans to introduce this technology to greatly enhance the network's processing capacity.
Despite the high expectations for this technology, concerns about centralization and technical challenges that caused development delays led Ethereum to shift from directly implementing sharding to Layer 2 methods.
With Ethereum's full adoption of L2 solutions, multiple Ethereum L2 projects have emerged. Taiko, which will be introduced in this article, has a unique development direction and differs from many other Ethereum L2s. Because Taiko aims to comprehensively address the issues faced by existing Ethereum L2s, before delving into Taiko, let's first explore the development history of Ethereum L2 and the problems it has encountered.
Interest rate cut expected next Thursday, how do institutions predict market trends post-cut?
On September 19 (next Thursday) at 02:00, the Federal Reserve's interest rate decision will be announced, and a rate cut has become a foregone conclusion, but the extent of the cut in September remains undecided. The current market generally believes that if the Federal Reserve chooses to cut rates by 50 basis points, it signals a risk of economic recession. How do institutions view the extent of the rate cut in September, and what predictions do they have for market trends post-cut? Odaily will summarize the answers in this article.
