Daily Report | Web3 asset data platform RootData organizes and presents the organizational structure chart of the Binance team; a U.S. court approves Three Arrows Capital's $1.53 billion claim against FTX
March 14 News Overview整理：Jerry，ChainCatcher
Important News:
- Web3 asset data platform RootData organizes and presents Binance team organizational chart
- U.S. court approves Three Arrows Capital's $1.53 billion claim against FTX
- Trump's crypto project WLFI has completed its public offering, raising a total of $550 million
- Vermont regulators withdraw inquiry against Coinbase regarding staking services
- 0G Foundation releases preliminary token economic model: initial circulation of about 21.32% at TGE, with community rewards accounting for 13%
- Zhao Changpeng: Only I can access the X account, there is no PR team, interns, or bots
- U.S. Congressman plans to submit legislation to ensure strategic Bitcoin reserve policy cannot be revoked by future presidential executive orders
- Brazil will prioritize "promoting the use of blockchain technology in trade among BRICS countries" as one of its chairmanship priorities
"What important events have occurred in the past 24 hours"
Web3 asset data platform RootData organizes and presents Binance team organizational chart
Web3 asset data platform RootData has organized the main team organizational chart of Binance based on public information and made the following points:
- Most of Binance's executives have impressive resumes, coming from major Web2 companies like Uber and Morgan, or crypto giants like Kraken, Gemini, and OKX.
- In the list of individuals compiled by RootData, Binance is the crypto company with the most associated individuals, currently featuring as many as 140 individuals (including both current and former employees who have a certain influence in the industry), followed by HTX, a16z, Polygon, OKX, and others.
- Binance's total employee count at the beginning of this year was 5,000, with 1,000 located in the UAE. This number has dropped by about 37% from the peak in August 2023 (8,000), but still represents a fivefold increase compared to 2020. Currently, Binance's official website shows that there are still about 350 job openings, mainly for engineering and compliance-related positions.
It is reported that after Binance completed the largest financing in the history of the crypto industry, this towering tree has once again become the focus of the market. For a long time, apart from core members like Zhao Changpeng and He Yi, most of Binance's executives have rarely been active in external communities like Twitter, and little is known about its organizational structure.
U.S. court approves Three Arrows Capital's $1.53 billion claim against FTX
A U.S. bankruptcy court has approved the liquidator of hedge fund Three Arrows Capital (3AC) to expand its claim against FTX to $1.53 billion, rejecting objections from FTX debtors who argued that this move was untimely and unfair.
Trump's crypto project WLFI has completed its public offering, raising a total of $550 million
According to the official website, the Trump family's crypto project World Liberty Financial has completed its entire community public offering financing (previously had an additional round), raising a total of $550 million.
Vermont regulators withdraw inquiry against Coinbase regarding staking services
Coinbase's Chief Legal Officer Paul Grewal tweeted that the Vermont financial regulators have officially withdrawn their inquiry against Coinbase regarding its cryptocurrency staking services.
According to the formal document released on March 13, this withdrawal decision does not affect potential future legal actions. The document indicates that the main reasons for Vermont's decision to withdraw the inquiry include the SEC's dismissal of similar charges against Coinbase in the Southern District of New York federal court, and the SEC's establishment of a new working group to formulate regulatory rules related to cryptocurrencies. Coinbase welcomed this decision and called on Congress to pass comprehensive cryptocurrency legislation while encouraging other states to follow Vermont's lead.
According to official news, the 0G Foundation has adjusted its preliminary token economic model based on community feedback, with a total supply of 1 billion tokens and an initial circulation of about 21.32% at the token generation event (TGE). The token distribution plan is as follows: 56% for the community (including community rewards of 13%, ecological growth of 28%, and AI alignment nodes of 15%); 22% for the team, contributors, and advisors; and 22% for supporters (investors).
The "community rewards" are specifically used to incentivize active contributors, including participation in social activities, staking, running 0G nodes (storage, DA, etc.), participating in testnet/mainnet activities, owning genesis NFTs, and active participants on Discord. The "ecological growth" focuses on the long-term expansion of the 0G network, including funding and investment for developers, foundational AI research, infrastructure development, liquidity, and marketing.
The team and investor portions will be locked for 12 months, followed by a linear unlock over 36 months. The community rewards will be distributed quarterly over 48 months, and the ecological growth portion will unlock 49% at TGE, while the AI alignment nodes will unlock 33.33% at TGE.
The 0G Foundation stated that the final distribution ratios and lock-up plans may be adjusted based on community feedback.
Zhao Changpeng: Only I can access the X account, there is no PR team, interns, or bots
Binance founder Zhao Changpeng (CZ) responded to user comments, stating, "I currently do not have a PR team. Only I can access this X account. No interns, no bots."
U.S. Congressman Byron Donalds plans to submit legislation to formally enact the executive order signed by the Trump administration this month, which aims to establish a strategic Bitcoin reserve and U.S. digital asset reserves. If passed, this bill will ensure that the policy cannot be revoked by future presidential executive orders. Trump's executive order calls for the Treasury to establish a Bitcoin reserve to hold approximately 200,000 Bitcoins and authorizes the Treasury and Commerce Department to develop "budget-neutral" strategies to purchase more Bitcoins while prohibiting the sale of Bitcoins in the reserve. Additionally, this executive order establishes the Treasury's digital asset reserves for storing existing and future digital assets obtained through criminal or civil asset forfeiture.
According to O Globo, Brazil plans to promote the application of blockchain technology in international trade among BRICS member countries to streamline the financial transaction processes of import and export contracts.
This initiative will become one of Brazil's priorities during its chairmanship of BRICS starting in January 2025.
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Meme Popularity Ranking
According to meme token tracking and analysis platform GMGN, as of March 14, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: LINK, DUMB, SPX, PEPE, UNO
The top five popular Solana tokens in the past 24 hours are: ELONM, $JUBI, YODA, PIPE, WTFO
The top five popular Base tokens in the past 24 hours are: SKITTEN, VIRTUAL, Glaucus, DRB, PAWS
