Daily Report | Ethereum Foundation sold ETH 4 times this month; BingX suffered a hacker attack; German government shut down 47 exchanges
September 20 News Overview整理：Fairy，ChainCatcher
Important News:
- Terraform Labs Approved by U.S. Bankruptcy Court to Begin Liquidation
- Franklin Templeton Plans to Launch Mutual Fund on Solana Blockchain
- BNB Chain Announces Integration with Telegram
- Data: Ethereum Foundation Sold ETH 4 Times This Month, Totaling 950 ETH
- German Government Closes 47 Exchanges, Claims Links to "Illegal Activities"
- BingX: Detected Hacker Attack at 4 AM, Emergency Plan Activated
- Jupiter Announces Acquisition of Cross-Chain AMM Aggregator Coinhall
"What Important Events Happened in the Last 24 Hours"
Terraform Labs Approved by U.S. Bankruptcy Court to Begin Liquidation
According to Reuters, Terraform Labs received approval from a U.S. bankruptcy court on Thursday to begin liquidation. U.S. Bankruptcy Judge Brendan Shannon approved Terraform's bankruptcy plan during a hearing in Wilmington, Delaware, stating it was a "popular alternative" to continue litigation over investor losses. Terraform estimates that as part of the bankruptcy liquidation, it will be able to pay between $184.5 million and $442.2 million to cryptocurrency investors and other stakeholders.
Previous news indicated that the confirmation hearing for the Chapter 11 bankruptcy reorganization plan of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is scheduled for September 19, 2024, at 10 AM Eastern Time (10 PM Beijing Time).
Franklin Templeton Plans to Launch Mutual Fund on Solana Blockchain
At the Solana Breakpoint conference, asset management company Franklin Templeton announced plans to launch a mutual fund on the Solana blockchain.
BNB Chain Announces Integration with Telegram
BNB Chain stated that it has integrated with the messaging application Telegram. This integration makes Web3 more accessible, allowing users to manage BNB using the Telegram wallet.
Data: Ethereum Foundation Sold ETH 4 Times This Month, Totaling 950 ETH
According to Spot on Chain statistics, the Ethereum Foundation has sold ETH 4 times this month, totaling 950 ETH (approximately $2.27 million), with an average price of $2392, selling approximately every 4-7 days.
German Government Closes 47 Exchanges, Claims Links to "Illegal Activities"
German authorities have closed 47 cryptocurrency exchanges suspected of being linked to criminal activities such as money laundering, stating that these exchanges deliberately failed to fulfill their obligations to conduct identity and background checks on customers. Some of these exchanges include Xchange cash, 60cek, Baksman, and several smaller platforms. One exchange has been active since 2012, while others were established just the previous year.
BingX: Detected Hacker Attack at 4 AM, Emergency Plan Activated
BingX Chief Product Officer Vivien Lin stated on platform X, "Around 4 AM, the technical team detected abnormal network access and suspected that BingX's hot wallet was under a hacker attack, immediately activating an emergency plan, including urgent asset transfers and suspending withdrawals. Currently, there has been a small amount of asset loss, but the amount is not significant and is still being counted.
To protect user assets, we have adopted a layered management system, with most assets stored in cold wallets and only a small amount in hot wallets for withdrawals. To ensure safety, we are conducting emergency checks and strengthening wallet services, temporarily suspending withdrawals. We apologize for the inconvenience caused and will restore withdrawals within 24 hours at the latest."
Jupiter Announces Acquisition of Cross-Chain AMM Aggregator Coinhall
At the Solana Breakpoint conference, in addition to acquiring the Solana browser SolanaFM, Solana ecosystem DEX aggregator Jupiter also announced the acquisition of the cross-chain AMM aggregator Coinhall.
According to the crypto data platform Rootdata, Coinhall provides real-time prices, charts, trading aggregation, and analysis for all AMM DEXs in the Terra, Juno, Near, and Cosmos ecosystems.
SG Forge, a Subsidiary of Société Générale, to Issue Euro Stablecoin EURCV on Solana
According to Coindesk, SG Forge, a subsidiary of Société Générale, announced that it will launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.
EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to dollar stablecoins like Tether and Circle.
However, EURCV's performance on Ethereum has not been ideal; according to Etherscan data, there are currently only 28 holders and 154 transaction records, with a total issuance of 33 million. SG Forge hopes that by issuing EURCV on Solana, it can test the demand for euro stablecoins among crypto users on a faster and lower-cost network.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
From Dogs, Hamster to Catizen, Who Will Be the Next Project on Binance?
Since mid-August, Binance Launchpool has consecutively launched 4 projects related to the Ton ecosystem, starting with the native token Toncoin (TON) of the Ton chain, followed by the meme project Dogs (DOGS) within its ecosystem. On September 12 and 13, it launched the mini-game Hamster Kombat (HMSTER) and the new token Catizen (CATI) for mining, allowing users to participate in HAMSTER and CATI token airdrop rewards by staking BNB and FDUSD.
On September 20, Binance officially opened trading for the Catizen token CATI.
As of September 20, Binance has launched 6 projects related to Ton, including the mini-game Notcoin, the Telegram bot Banana Gun, the native token TON, the meme project Dogs, Hamster Kombat (HMSTER), and Catizen (CATI).
Among them, Dogs, Catizen, and Hamster Kombat are all star projects within the Ton ecosystem, and Binance's proactive engagement with its ecosystem projects seems to indicate that the competition for user traffic in the Ton ecosystem has begun.
Neiro Universe, Trump Buys Burgers, Vitalik's Dog… A Look at What’s Hot on the ETH Mainnet Recently
The Federal Reserve has finally signaled a rate hike, and the market responded with a rise, reflecting the retail investors' long-awaited dreams of a "altcoin season" in the prices of altcoins.
Beyond that, the on-chain world, which has never cared about the overall market, has been bustling for a while. Take the recent hot trends on the Ethereum mainnet as an example: the capitalization dispute over Neiro is still ongoing. After the uppercase $NEIRO was launched two weeks ago, the lowercase $Neiro, representing community strength, was directly launched on Binance, quickly surging nearly 30 times in just two days, bringing joy to the community, while the enthusiasm for lowercase $Neiro has ignited the on-chain heat.
After the complete success of lowercase $Neiro, related dog universe concept tokens also surged, generally seeing around tenfold increases. However, the speed of trend changes always exceeds expectations; before the dog universe could settle, today, Trump buying burgers with Bitcoin has benefited another group of people, with the similarly named token $BURGER on the Ethereum chain reaching a market value of $5 million within half a day, and related concept tokens popping up one after another.
Analyzing the DePIN Competitive Landscape: Leading Projects Capture 80% of the Market but Generate Little Revenue, Capital Influx Approaches
As one of the important drivers of cryptocurrency's move towards the mainstream, the DePIN ecosystem shows strong development momentum and has become one of the main investment lines attracting capital. However, at this stage, the expansion of the DePIN market scale is primarily driven by leading projects "marching forward," and overall profitability is limited, facing risks such as regulation and cybersecurity.
Overall scale has surpassed $20 billion, with Ethereum and Solana ecosystems as the main players
DePINscan data shows that as of September 19, there are approximately 276 DePIN projects, mainly categorized into AI, wireless, energy, services, sensors, data, and computing. Currently, the overall market capitalization of DePIN has approached $21.23 billion, growing by 17.1% since the beginning of the year, with the top ten projects accounting for about 80.5% of the total market cap, reaching $17.08 billion.
