A group called ConstitutionDAO2 has revived the idea of buying rare copies of the U.S. Constitution. The group is made up of ConstitutionDAO, a project that raised $47 million last year and bought a copy through auction house operator Sotheby’s.However, its bid was defeated by Citadel CEO Ken Griffin, and after the bid was lost, the original team dropped out of the project and token holders voted for a separate team to take over. A new team called PeopleDAO is working on its latest attempt.The organization is using NFT instead of Token for crowdfunding, and part of the fundraising amount is kept secret to avoid being usurped again. Related News: 2 hours after the y00ts series of NFTs started minting, the transaction volume has reached the top of the OpenSea 24-hour ranking Tiffany NFT “NFTiff” has no transactions for two consecutive weeks BendDAO’s lending rate has exceeded 100% due to insufficient liquidity The 24-hour transaction volume of the Decentraland LAND series increased by 74.84% The 24-hour transaction volume of NFT project DigiDaigaku reaches 465 ETH, and the floor price is temporarily quoted at 2 ETH MetaThaicoin launches NFT series Rawlings releases first NFT to showcase rare baseball gloves NFT series related to late rapper Notorious B.I.G. sold out in 10 minutes PGA files NFT-related trademark application ImmutableX on-chain NFT sales top $100 million
DJ Steve Aoki and NFT enthusiast Justin Blau have collaborated on a conceptual music and art project called PUNX, inspired by the CryptoPunks NFTs they hold themselves.According to a press release, the project uses the duo’s CryptoPunks in its visual imagery. 3LAU stated that the project is not an NFT, but said that the project may find a way to integrate blockchain technology in the future. According to Aoki, PUNX is a forward-looking conceptual music art project that pays homage to the music we love and the music we shape today. Related News: Data: Magic Eden accounted for 77% of Solana NFT market share in the past month Legendary star Messi takes stake in digital football NFT collection platform Sorare and serves as brand ambassador Azuki auctions off 8Golden Skateboard NFT for record price Lamborghini to launch World Tour-themed NFTs on October 24 Data: This year’s NFT trademark applications have tripled from 2021 Binance NFT Market Launches NBA Star Klay Thompson NBA Championship NFT Restart the Startup Lineup sports toy series with NFT Ouyi NFT Market is planning to issue official NFT The domain name system Rave V2 on Fantom is governed by voting, and the .ftm domain name will be able to be traded in the NFT market X NFT Market under X Protocol will be launched on September 10
A recent analysis by Climate Tech Vice Chairman Daniel Batten shows that 29 mining companies account for 16.48% of the entire Bitcoin network and run on 90-100% clean energy.The percentage also shows that 52.2% of all BTC networks use clean energy. BTC’s renewable energy usage has been hovering above 40% in 2020, but this has dropped to 28.48% in 2021. But the use of clean energy has been on the rise since early 2022.The Bitcoin Mining Council also released a report in May 2022, which stated that 58.4% of BTC mining already uses clean energy.Elon Musk previously claimed that when it is confirmed that miners use a reasonable proportion of clean energy and this trend is established, Tesla will resume transactions with Bitcoin. Eyes have turned to this subject in particular. Related News: Texas Senator Praises Bitcoin Mining as Addition to the Environment Bitcoin recently active 3+ years supply percentage hits new all-time high Bitstamp announces delisting of XRP, BTC and other trading pairs Changpeng Zhao: Cryptocurrency Markets Are Healthier Than Before The number of addresses holding more than 0.01BTC hit a record high FBI: Crypto Fraud App Has Swindled About $42.7M in One Year Bitcoin miners in Texas have resumed mining operations SBF: Bitcoin transaction fee of 0 will inevitably lead to false transaction volume Total crypto market cap returns to $1 trillion El Salvador’s President: Investors Don’t Have to Worry About Bitcoin Price Action, Patience Is Key
National Basketball Association Hall of Famer Scottie Pippen is forming a new partnership with Web3-based entertainment company Orange Comet.The company will launch a limited edition of 1,000 Pippen Kicks NFT sneakers to commemorate Pippen’s storied career. The sneakers are scheduled to launch on December 20 on OpenSea, the world’s largest NFT marketplace. Related News: 2 hours after the y00ts series of NFTs started minting, the transaction volume has reached the top of the OpenSea 24-hour ranking Tiffany NFT “NFTiff” has no transactions for two consecutive weeks BendDAO’s lending rate has exceeded 100% due to insufficient liquidity The 24-hour transaction volume of the Decentraland LAND series increased by 74.84% The 24-hour transaction volume of NFT project DigiDaigaku reaches 465 ETH, and the floor price is temporarily quoted at 2 ETH MetaThaicoin launches NFT series Rawlings releases first NFT to showcase rare baseball gloves NFT series related to late rapper Notorious B.I.G. sold out in 10 minutes PGA files NFT-related trademark application ImmutableX on-chain NFT sales top $100 million
The state of Texas is offering a temporary, voluntary blackout program for “large flexible loads ,” encouraging bitcoin miners to reduce electricity consumption during periods of high electricity demand.The move will help the state’s grid operator, the Electric Reliability Council of Texas , ease concerns that mining will put additional strain on the system during times of high demand. In a statement, ERCOT said that in anticipation of the increasing interconnection of large flexible loads in the ERCOT region, ERCOT is establishing a temporary voluntary curtailment program to allow these loads to assist ERCOT in ensuring reliability during periods of high system demand.This interim scheme is expected to go live around 1 January 2023, but may be terminated at any time as ERCOT plans to develop a permanent reliability framework for LFL in the future. Related News: DFINITY has integrated the Bitcoin network to store, send and receive Bitcoin locally Bitcoin supply hits record high in Asian markets, accounting for 7.3% of total supply Bitstamp announces delisting of XRP, BTC and other trading pairs Changpeng Zhao: Cryptocurrency Markets Are Healthier Than Before The number of addresses holding more than 0.01BTC hit a record high FBI: Crypto Fraud App Has Swindled About $42.7M in One Year Bitcoin miners in Texas have resumed mining operations SBF: Bitcoin transaction fee of 0 will inevitably lead to false transaction volume Total crypto market cap returns to $1 trillion El Salvador’s President: Investors Don’t Have to Worry About Bitcoin Price Action, Patience Is Key
NBA Chicago Bulls star Scottie Pippen announced the launch of the first digital sneaker NFT series Metawear, which will start on December 20, with a total of 1,000 pieces.Metawear NFT holders will receive a mysterious physical blind box in 2023, and 33 lucky holders will also have the opportunity to obtain a pair of physical Metawear sneakers. Related News: NFT whale Deepak.eth raises funds by selling blue-chip NFTs with eight-figure exposure to FTX Crypto users: An NFT that a YouTuber bought for about $11.62 million last year is currently worth only about $6 Australian Rugby League’s first limited-edition NFT sold out within 12 hours of launch Floor price of Murakami.Flowers Official series increased by 31.11% Data: The transaction volume of Bored Ape Yacht Club series NFTs has increased by more than 500% in the past 24 hours Vitalik Buterin: ERC721s stealth addresses can improve privacy for the NFT ecosystem The transaction volume of Bored Ape Yacht Club series NFTs has increased by over 100% in the past 24 hours Dubai Police Releases Second NFT Series Kakao’s blockchain subsidiary Ground X forms GRID alliance to expand NFT ecological use cases BlockBar to auction 1970 Japanese whisky NFTs starting at $75,000
Sir Geoff Hurst, one of the last surviving English footballers from the 1966 World Cup winning team, has announced an Everlasting Memory NFT collection in collaboration with British artist Reeps One .The Everlasting Memory NFT project includes 1of1 and the open NFT. These NFTs will be auctioned on Rarible. The multi-version NFT will be released on December 3rd. One-for-one NFTs will go on sale on December 16th. Related News: NHL hires executive to lead NFT business Ticketmaster, the largest ticketing company in the United States, recruits a product manager for NFT ticketing tools to support NFT productization Funko, an American fashion game maker, launches a series of NFTs based on the movie “The White Slut” The 24-hour floor price of Wrapped Cryptopunks series NFT increased by more than 250% Immutable X will mint 100,000 NFTs for ApeCoin holders Security team: The same team has carried out at least 7 attacks against Discord in July, stealing over 200 NFTs Coinbase Wallet announces integration with LooksRare, rewards for trading NFTs Wrigley has filed NFT, cryptocurrency and Metaverse-related trademark applications for Green Arrow and other brands Coinbase Wallet adds support for Polygon NFT BAYC Discord Hacked, NFTs Worth About 200 ETH Stolen
Bitcoin fast payment application Strike announced the launch of the global remittance function Send Globally, and achieved instant payments to Africa through cooperation with the African payment platform Bitnob.According to previous news, Bitcoin fast payment application Strike has completed a financing of 90 million US dollars, led by Ten31, Washington University St. Louis Endowment Foundation, University of Wyoming Endowment Foundation and Susquehanna participated in the investment.Strike is an encrypted payment application based on the Lightning Network. The company aims to challenge credit card giants Visa and Mastercard in everyday payments. Related News: Bitfinex Releases Manifesto of Freedom at Bitcoin Apps Conference in El Salvador Interlay Announces Bitcoin Super App Program Hut 8 Mining produced 299 Bitcoins in October, with a total reserve of 8,687 Bank of Canada: Bitcoin holdings by local residents will increase to 13.1% in 2021 The computing power of the entire Bitcoin network exceeded 260E last week Bitcoin’s five-year return on investment exceeds five bank stocks including Citi Data: Bitcoin has risen more than 350% from 5 years ago Bitcoin addresses that have been silent for nearly 9 years are activated, with a floating profit of about 100 million US dollars Data: Bitcoin whale 1LQoW accumulated 879 BTC in two days Data: Miners sold 5,925 BTC in the past two weeks
Maple Finance token Maple fell more than 24% on Monday following news that Orthogonal Trading defaulted on a $36 million loan on the crypto lending protocol.According to a statement, Maple Finance has severed all ties with Orthogonal Trading, the parent company that operates both crypto hedge funds and credit businesses.The crypto lending protocol will cancel Orthogonal Trading as the borrower of the platform and Orthogonal Credit as the principal, and close its lending pool. Related News: Dogecoin DOGE rose nearly 15% in the past 24 hours DASH: The current circulating supply exceeds 11 million pieces, an increase of 34.1% in the past 14 days Starkware: STRK is currently non-trading Data: USDT circulating supply has dropped by $17.24 billion since May 11 Security team: Rug Pull occurred in ProjectX project, contract deployer made a profit of $19,000 after selling tokens Data: Alameda transferred about 30 million USDC to FTX Data: Alameda transferred 38.38 million USDC to FTX again, and the cumulative USDC transfer today has exceeded 100 million Quixotic hackers stole about 220,000 OP, cross-chain to BNB Chain and then transferred to Tornado Cash QTC’s solo mining software compatible with PoST algorithm will be launched on June 30 after the test is completed Former Ripple developer relations director: XRP will rise to $100 in the future
DFINITY has integrated the Bitcoin network. Currently, Bitcoin can be saved, sent and received locally on the IC without the need for a third-party cross-chain bridge to provide smart contract functions for Bitcoin on the IC.The DFINITY Foundation is currently researching ckBTC, a Bitcoin encapsulation asset, which can be circulated on IC at low cost, aiming to enable IC developers to code locally on Bitcoin.As previously reported, in August DFINITY launched an IC Beta version directly integrated with the Bitcoin network. Related News: Texas Senator Praises Bitcoin Mining as Addition to the Environment Bitcoin recently active 3+ years supply percentage hits new all-time high Bitstamp announces delisting of XRP, BTC and other trading pairs Changpeng Zhao: Cryptocurrency Markets Are Healthier Than Before The number of addresses holding more than 0.01BTC hit a record high FBI: Crypto Fraud App Has Swindled About $42.7M in One Year Bitcoin miners in Texas have resumed mining operations SBF: Bitcoin transaction fee of 0 will inevitably lead to false transaction volume Total crypto market cap returns to $1 trillion El Salvador’s President: Investors Don’t Have to Worry About Bitcoin Price Action, Patience Is Key
ChatGPT, an artificial intelligence platform launched by Open AI, expressed its views on Dogecoin DOGE, pointing out that DOGE is a force to be reckoned with.It is said: Dogecoin’s not just a novelty, it’s a legitimate form of currency, used by many to transact and facilitate, transactions and payments with ease and speed, making it a valuable asset, in the world of finance, indeed. Related News: There is no BTMX in the wallet on the FTX Ethereum chain, only KNC and ETH are left 1% of the token supply is allocated to incentivize the testnet and reward early community members Dogecoin surges more than 16% in 24 hours IC-based lending protocol finterest plans to issue overcollateralized stablecoin fUSD Tether addresses holding 100,000 to 10 million USDT near 3-year low Matrixport announces support for the TON ecosystem and the Toncoin token PeckShield: RugPull occurred in DarkLight, the token DK fell by 100% Vijay Ayyar: May see current bearish sentiment continue into next week Optimism’s lock-up volume fell to $825 million, a decrease of 9.16% on the 7th Mexican cryptocurrency exchange Bitso has listed TRX
Coca-Cola has partnered with Crypto.com to release a collection of 10,000 FIFA World Cup NFTs. The NFT will be developed and hosted on Crypto.com’s NFT platform by GMUNK, a digital artist who has worked with Nike, DoorDash, and musician Grimes.The 10,000 NFTs were generated by tracking players’ in-game movements during FIFA World Cup matches. Related News: X NFT Market under X Protocol will be launched on September 10 NFT series Meebits intend to allow holders to create copyright Report: NFT Rental Protocol Double Protocol Launches ERC-4907 Standard LinkedIn founder launches Solana-based NFT series Untranslatable Words The Saudis’ NFT transaction volume tops $7 million The trading volume of Murakami.Flowers series NFTs increased by over 800% within 24 hours Data: NFT transaction volume on OpenSea Ethereum fell by 70% month-on-month to $700 million in June The 24-hour transaction volume of Meebits series NFT increased by 672.17% Sotheby’s to sell 9 NFT works by Japanese artist Tomoichi Matsuyama The current floor price of CryptoPunks series NFT is 47.5ETH
The well-known luggage brand Rimowa, after entering the NFT field in cooperation with Nike’s RTFKT, announced today the issuance of 888 phygital NFTs. Holders of these NFTs can exchange for limited-edition Original Cabin physical luggage.Rimowa and RTFKT also launched a user-interactive space station project, users need to activate the space station to mint NFT and redeem limited edition luggage. Related News: Aptos ecological NFT market Souffl3 has been connected to Ouyi Web3 wallet The transaction volume of CryptoNinja Partners series NFTs has increased by over 200% in the past 24 hours Gangster All Star Evolution series NFT 24-hour transaction volume increased by more than 500% Comedy star Jim Carrey secretly released NFTs under a pseudonym OKA listed on MEXC Global, up 4000% NFT series Meebits intend to allow holders to create copyright Report: NFT Rental Protocol Double Protocol Launches ERC-4907 Standard LinkedIn founder launches Solana-based NFT series Untranslatable Words The Saudis’ NFT transaction volume tops $7 million The trading volume of Murakami.Flowers series NFTs increased by over 800% within 24 hours
According to data from ultrasound.money, the total supply of Ethereum increased again 78 days after the merger.Since Ethereum switched to PoS and lowered block rewards, the amount of additional issuance reached a peak of 12,406.81 on October 8, and then fell all the way. The reduction in total supply reached a peak of -6,188.55 on November 17.At present, the total supply of Ethereum has increased again, and the current supply has increased by about 699 pieces compared with the time of merger. Related News: FTX hot wallet has been emptied of spot ETH and stablecoins The OP token inflation rate was incorrectly set to 20% and will be changed back to the original 2% Ethereum Becomes Decentralized After Merger Star Trek Captain William Shatner Supports Ethereum Merger Upgrade Data: Over $12 million in funds bridged from Ethereum to the new public chain Canto Ethereum sidechain Gnosis launches block explorer GnosisScan HyperPay wallet supports Ethereum merger and upgrade and respects subsequent objective fork results ZigZag launches beta version on Arbitrum network with 0 transaction fees during beta phase Crypto Researcher: Ethereum Will Be a Deflationary Asset After Merger Data: Ethereum has a nearly $1 billion on-chain loan and settlement quota in the range of $1100 to $1250
CZ, the founder of Binance, said on social media that the more and more developers in the encryption industry, the greater the possibility of the developer’s private key being stolen, both good and bad.Binance needs time to verify before deciding to freeze hacker addresses, otherwise anyone will ask Binance to blacklist someone else’s address, which, like most things in life, requires a balance.In cases such as freezing hacker funds, the Binance team has been working closely with law enforcement. When responding to whether Binance is actually testing how to deal with hacker contracts, CZ said that it is not a Binance smart contract, and Ankr is an independent project team in the DeFi ecosystem. Related News: Beosin: A brief analysis of the vulnerability attack on the SEAMAN contract SBF supports disclosure and knowledge testing on a wide range of derivatives transactions Survey: Australian women are more profitable than men on cryptocurrency investments in the past year Crypto industry will skyrocket if Ripple beats SEC in court Cryptocurrency trading and cryptocurrency wallet app downloads down 55% year over year Hackers use Profanity bug to make $3.3 million IOSCO releases roadmap, will focus on cryptocurrency and DeFi work KyberSwap: If attacker returns $265k in stolen cryptocurrency, it will pay 15% bounty Monetary Authority of Singapore: Cryptocurrencies have no useful function outside of blockchain networks other than as speculative tools Report: 10% Cryptocurrency Ownership Rate in South Africa
Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission , said CFTC has limited enforcement capabilities and lacks direct regulatory powers, and called on U.S. lawmakers and policy makers to act as soon as possible.In addition, Behnam also pointed out that cryptocurrencies are different from any commodity they have dealt with, and it is common practice as a speculative retail market, but BTC is the only cryptocurrency that should be considered a commodity. Earlier in the October news, Behnam said that ETH may also be a commodity.
Indigo Herz, the NFT project launched by Adidas, tweeted that users can make secondary creations based on BAYC, MAYC or Inhabitants NFT, provided that they have an NFT of the above project and an Adidas Virtual Gear.In December 2021, Adidas announced a partnership with Bored Ape Yacht Club creator Yuga Labs to launch a brand new NFT called Indigo Herz.
Larry Fink, CEO of BlackRock, said that FTX, an encrypted exchange that has filed for bankruptcy, seems to have misconduct, but the technology behind the cryptocurrency is also closely related to the future development.He believes that after the collapse of FTX, most crypto companies will follow suit. He acknowledged that BlackRock invested $24 million in FTX through a fund it managed.However, despite FTX’s many problems, Larry Fink said that he believes that encryption technology will be very important. He said, I believe that the next generation of markets or the next generation of securities will be tokenized.
Terence.eth, an Ethereum developer and Arbitrum R&D team, stated on social media that the release of Devnet 3 of the expansion solution EIP-4844 was postponed to next week, which was originally scheduled for release on November 30.terence.eth explained that the CL team needs more time to work on specification testing and synchronization protocols.The EL team needed to rebase 4844 changes on top of the fork via a timestamp mechanism. Consensus is being reached on configs and presets to use mainnet values to be compatible with the KZG library’s field element size and per-blob size.
Analyst PlanB responded to the ECB’s comments on Bitcoin on social media, saying that Bitcoin is to banks what email is to the post office, Internet browsers are to newspapers, and mp3/mp4 is to the music and film industries Impact.New technology will render old technology irrelevant. BTC = No need for a bank for money supply management, account creation, transactions.The ECB stated that Bitcoin is neither suitable as a payment system nor as a form of investment, so it should be considered unsuitable in terms of regulation and therefore should not be legalized.
According to the latest blockchain report released by CV VC Labs, the United States has 45.3% of the Ethereum nodes, ranking first in the world, an increase of 8.38% compared to 2021. The share of Ethereum nodes in Europe is 22.8%, ranking second .In addition, the German blockchain industry will raise approximately US$8 billion in 2022, accounting for 2.4% of the total global blockchain VC financing. a unicorn.
According to the Beosin EagleEye security risk monitoring, early warning and blocking platform monitoring of the blockchain security audit company Beosin, on November 29, 2022, the SEAMAN contract was attacked by a vulnerability.Beosin analysis found that the SEAMAN contract will exchange the SEAMAN token for the voucher token GVC every time the transfer function is performed, and the SEAMAN token and the GVC token are in two trading pairs, so attackers can use this function to affect the The price of one token.The attacker first converts 500,000 BUSD into GVC tokens. Then the attacker calls the transfer function of the SEAMAN contract and transfers the smallest unit of SEAMAN tokens. At this time, the contract will be triggered to convert the usable SEAMAN tokens into GVC. The process is that the contract converts SEAMAN tokens to BUSD in the BUSD-SEAMAN trading pair, and then converts BUSD to GVC in the BUSD-GVC trading pair. The attacker triggers the _splitlpToken function by calling the transfer function multiple times, and will Distributing GVC to lpUser will consume the amount of GVC in the BUSD-GVC trading pair, thereby raising the price of GVC in the trading pair.Finally, the attacker exchanged 507,000 BUSD through the previously exchanged GVC, making a profit of 7781 BUSD. Beosin Trace found that the stolen amount is still in the attacker’s account , and will continue to pay attention to the direction of the funds.
Candy Digital, an NFT company, has laid off hundreds of employees amid the turbulent environment in the cryptocurrency market and a sharp decline in NFT trading volume this year.According to the Sportico report, about 100 employees of the company have been laid off, more than one-third of the total number of employees. It’s unclear why the layoffs occurred and whether any specific divisions were affected, as Candy Digital has not publicly disclosed the layoffs.It is reported that Candy Digital will be launched in June 2021 and has the support of sports e-commerce store Fanatics, cryptocurrency-friendly entrepreneur Gary Vaynerchuk and Galaxy Digital CEO Mike Novogratz.
Vitalik Buterin, the founder of Ethereum, said that it is very abnormal to use governance rights as an indicator to measure the value of Token. Buy these Tokens from here.This allows the protocol to be exploited to suit the special interests of these individuals. As an average individual, paying $500 for a 0.0001% chance of influencing the outcome of some votes is not a good deal. Only multi-millionaires and hedge funds think this is a good deal.
Thirteen of the 21,863 crypto assets listed on CoinMarketCup are up more than 10 percent this week. The biggest losers this week include chiliz down 24.16%, chain down 16%, and algorand down 12.67%.At present, the global trading volume of cryptocurrencies is 36.84 billion US dollars, and USDT accounts for 26.78 billion US dollars of it. The global trading volume of BTC is about $19.3 billion, and the trading volume of ETH is about $4.38 billion.
Kanav Kariya, president of Jump Crypto, spoke on Sunday about the need for a better trust layer in cryptocurrencies. The executive believes that with the collapse of centralized exchanges, there is now increasing collective pressure to build a stronger and faster trust layer.Kanav Kariya added that FTX’s alleged fraud would have been considered fraud 100 years ago. It’s a cruel trick to surface in an industry premised on the abstraction of trust, and in an environment of declining social trust, cryptocurrencies and the abstraction of trust make more sense than ever The breakup has had a serious negative impact on our industry and, in my opinion, greatly outweighs the positive impact. Low trust dramatically slows innovation and progress.
The daily trading volume of Yuga Labs’ NFT series has surged, among which the daily trading volume of BAYC is 1,262ETH, the daily trading volume of MAYC is 1,146ETH, and the daily trading volume of BAKC is 340ETH.It is reported that Horizen Labs previously released a plan to launch the Apestake.io website on December 5 and start pre-deposits. On December 12, it will start accumulating pledge rewards.In addition, in the past 24 hours, the total transaction volume of all NFT markets exceeded 15,000 ETH , and the average transaction price was 0.31 ETH. 44.7% of ETH trading volume comes from OpenSea, 34.9% from Blur, 10.4% from X2Y2, and 8% from Looks Rare.
The NFT-themed restaurant Bored and Hungry will open a pop-up store during the Philippine Blockchain Week, which will only be open for three days, from November 29th to December 1st. This will be the first time Bored and Hungry has opened a pop-up store in a Southeast Asian country.The first Bored Ape Yacht Club NFT-themed restaurant, Bored & Hungry, officially opened in Long Beach, California, USA on April 9, local time.It is reported that the Bored & Hungry restaurant will be open for 90 days in the form of a pop-up store. The restaurant accepts ApeCoin , ETH, and debit/credit cards as payment methods. Three months after opening, Bored & Hungry no longer accepts payments in cryptocurrencies, and meals only show prices in U.S. dollars.
According to data from the official website of Ethereum, the ARP of ETH pledged on the Ethereum beacon chain has dropped again, currently at 3.8%.Historical data shows that the indicator fell below 4% on November 14, the second time this month it fell. Currently, the total amount of pledged ETH on the Ethereum beacon chain is 16,244,637 ETH, and the total number of validators is 479,543.
The recent WBTC/BTC de-anchoring caused doubts among members of the encryption community. The community took the opportunity to publish a spoof article mocking WBTC, “WETH has de-anchored from ETH, and poorart.weth announced that it has filled its $2 billion shortfall by raising funds.” The contract directly encapsulates the token of ETH, and the contract level can realize 1:1 exchange.Poordart.weth, co-founder of the Wrapped Ethereum Foundation, also joked, “Unfortunately, the rumors are true. The entire project will be returned to the community , and I will go to a non-extradition country to recuperate my spirit.” Justin Sun also joined in, stating that “As a member of the cryptocurrency industry, I have personally discussed with Vitalik Buterin that together we will invest $2 billion in the WETH Foundation to restore all funds.”Dune data shows that Alameda Research, which has filed for bankruptcy, is the largest minter of WBTC. Twitter user Castaneda stated that Alameda has acted as a merchant at Wayback Machine Checkpoint since at least September 28, 2020, but Alameda can only mint WBTC, not custody BTC. Now Alameda is no longer listed as a merchant, and the Alameda custodian wallet cannot be found on the audit page.By checking the wallet of its previous custodian, it was found that the wallet was emptied, and the last 5,000 BTC were withdrawn on November 11, shortly after the FTX crash. Castaneda emphasized that it does not believe this poses any systemic risk, as custodians still maintain the necessary reserves to ensure a 1:1 ratio between WBTC/BTC. WBTC still looks solid, with price swings that appear to be driven more by market panic than insolvency.
According to data from blockchain analysis company Glassnode, 179,250 BTC have flowed out of exchanges in the past month, worth more than $2.8 billion, reaching the highest level in more than four years.According to the analysis of encrypted data company Santiment, since November 24, 2018, the supply of Bitcoin on encrypted exchanges fell below 7% for the first time, accounting for 6.95%.
According to the metaverse patent ranking compiled by Tokyo-based research firm Cyber Creative Institute, since 2016, LG has filed the most metaverse patent applications, climbing from 11th place in 2010-2015 to first place.Samsung Electronics came in second. Huawei, which did not make the top 20 in previous surveys, has now jumped to fourth place with a large number of patents related to image and display processing. Meta is third, Microsoft is fifth, and Intel and Apple are among the six U.S. companies in the top ten.Sony is the only Japanese company to make it into the top 10, coming in at number six. Taken together, the top 20 companies submitted a total of 7,760 metaverse patents, of which the United States accounted for 57%, followed by South Korea with 19%, and China with 12%. Japanese companies accounted for 8%.
According to coingecko data, after Argentina defeated Mexico on November 27, the fan token ARG continued to fall, and has now dropped to $4.18, a drop of 14.7% in the past 24 hours, and a drop of 51.1% during the World Cup.ARG hit an all-time high of $9.19 on November 18 before the start of the World Cup, but it plummeted after Argentina lost to Saudi Arabia, and has been on a downward trend ever since.
According to data from Dune Analytics, the cumulative lock-up volume of ERC-20 Token on the Ethereum Layer 2 network Arbitrum chain exceeded $5 billion, reaching $5.188 billion at the time of writing.As of now, the total lock-up volume on the Arbitrum chain is 3.157 billion US dollars, the total number of contracts created on the chain is 1,007,716, the total number of transactions has reached 68.78 million, and the total number of accounts created on the chain is 2.01 million, of which the number of active accounts is 158.6 ten thousand.
According to Coinmarketcap data, about $3.5 billion worth of stablecoins have been redeemed in the past 14 days. Among them, the supply of USDT, the stablecoin issued by Tether, has dropped from more than $67 billion to $65 billion, which means that since the collapse of FTX, investors Approximately $2 billion in USDT has been redeemed.This concern has also spread to Binance-backed BUSD, whose supply has dropped from over $23 billion to around $22.5 billion, a loss of $500 million. DAI was also affected, with its supply falling from $5.7 billion to $5.2 billion.
Israel’s Tel Aviv Stock Exchange hopes to launch a new digital currency trading platform within the next few years.The exchange will come to fruition between 2023 and 2027 and will offer customers new blockchain-based trading services so they can participate in the crypto space. In a recent statement, TASE mentioned: TASE will facilitate the implementation of innovative technologies, including DLT, tokenization of various digital assets and smart contracts.TASE intends to study a number of potential action plans, including converting existing infrastructure to innovative technologies, deploying innovative technologies to dedicated platforms, providing a package of services and products for digital assets, etc.
Binance CEO CZ said at a Binance event in Athens that the industry is in a healthier state after a bad 2022 and he expects better things to come in 2023.However, CZ declined to make any specific predictions. According to CZ, our trick is to monitor the industry, and then no matter what the trend is, we will try to support it, and FTX is more like Madoff. It’s lying, it’s a Ponzi scheme, but just because FTX happened doesn’t mean every other business is bad.
The PRADA Crypted website, an encryption division of the luxury goods giant PRADA, disclosed that it will launch a new Timecapsule NFT series on December 1, 2022. This is the seventh Timecapsule NFT series released by the brand. This time, 50 pieces will be issued, and holders can purchase them. Limited edition merchandise available for a limited time 24 hours only.According to OpenSea data, the current floor price of PRADA Timecapsule is 0.75 ETH, and the transaction volume is 25 ETH.
The recent de-anchoring of WBTC/BTC has aroused doubts from members of the encryption community. Twitter user Castaneda pointed out that according to the mechanics of the WBTC ecosystem, when a merchant wishes to create new WBTC, it must first provide real BTC to the custodian, who then mints the new WBTC and provides it to the merchant. When merchants wish to recover BTC, they must destroy the same amount of WBTC, thus ensuring that their WBTC amount does not exceed BTC.Alameda has acted as a merchant at Wayback Machine Checkpoint since at least September 28, 2020, but Alameda can only mint WBTC, not custody BTC. Now Alameda is no longer listed as a merchant, and the Alameda custodian wallet cannot be found on the audit page.Castaneda said that by checking the wallet of its previous custodian, it was found that the wallet was emptied, and the last 5,000 BTC were withdrawn on November 11, shortly after the FTX crash.Castaneda emphasized, “However, we don’t think this poses any systemic risk because what is really important is that the custodians still maintain the necessary reserves to ensure a 1:1 ratio between WBTC/BTC. While people can still use 1 WBTC is exchanged for 1 BTC, but it is possible to arbitrage when there is a discount. According to our assessment, WBTC still looks stable, and price fluctuations seem to be caused more by market panic than insolvency.”
According to data from Coingecko, Dogecoin DOGE has risen by nearly 15% in the past 24 hours, currently rising to $0.093593, with a market value of $12,831,289,134.The encryption media Decrypt stated that it is not clear why Dogecoin will rebound on Black Friday, but David Gokhshtein, founder of Gokhshtein Media, disclosed on social media that he feels that Vitalik Buterin and Elon Musk will jointly develop Dogecoin.
The end of the cryptocurrency bear market is still months away, according to Nigel Green, chief executive of financial advisory firm deVere Group.Once inflation starts to slow and central banks begin to ease monetary policy, the price of bitcoin and other crypto assets will rise, Green said. According to Green, assets such as cryptocurrencies that have depreciated following rate hikes could begin to rebound in April 2023.
The owner of the NBA Dallas Mavericks and billionaire Mark Cuban said that he would definitely not jump ship from cryptocurrencies. Although the FTX bankruptcy triggered an exchange crisis, digital currencies still have a lot of value. change the underlying value of cryptocurrencies.”When talking about SBF, Mark Cuban said, “I don’t know all the details. I talked to SBF and thought he was very smart, but he didn’t know that he would take other people’s money for himself. If I were him, I would be afraid to sit down.” A long time in prison.”As previously reported, on November 21, Dallas Mavericks owner and billionaire Mark Cuban canceled the promotion of encryption projects such as MetaMask, The Block, Solana, Treum, Mirror Protocol, Polkadot, DeFi Pulse, Flow, Dapper Labs, and Uniswap Labs. special attention. Many of these projects were invested by Mark Cuban, including Mintable, Dapper Labs, etc.
PepsiCo announced the casting of a new NFT series Pepsi Black NFT Collection on Polygon and its entry into the Indian market, aiming to reconnect with the country’s youth.There are a total of 20 NFTs in this series, designed by illustrator Timea Balo.As previously reported, in 2021, PepsiCo will launch its first branded series of NFT collectibles, the Pepsi MicDrop, on the Ethereum blockchain.
Luxury hotel brand InterContinental has teamed up with British artist Claire Luxton to embrace blockchain technology by launching ten exclusive NFTs.In addition to custom high-end digital collectibles celebrating the brand’s heritage and travel, NFTs unlock exclusive travel perks for members.The NFT’s featured graphics were created exclusively for InterContinental, using Luxton’s signature aesthetic of natural flora and fauna, with physical editions valued at between £3,000 and £5,000.
Stratos, the Arbitrum ecological NFT market, announced that it will end operations and open source its code.Stratos tweeted: “Big thanks to Arbitrum and everyone in the Stratos community. Stratos’ sister marketplace, Quix, is shutting down, and so are we. Quix will be open sourcing their code, which inspired Stratos.”
Marvel directors Joe Russo and Anthony Russo team up with Hunters creator David Weil.A TV series about the collapsing bitcoin business and troubled FTX founder SBF will be filmed for Amazon, and the streamer has ordered a limited eight-episode series on the subject.According to previous reports, Apple is about to reach a copyright deal with Michael Lewis on his book “The Fallen Cryptocurrency King Sam Bankman-Fried & FTX”, which is expected to be made into a feature film. Apple beat out strong rivals such as Netflix and Amazon in deals worth around seven figures.
The official blog of Ethereum client Erigon stated that it will end support for Erigon’s Rust version Akula.The team recently discovered that a Rust-based Ethereum implementation would be open source with almost the same scope as Akula and have some of the same/similar building blocks. The Erigon team believes that the project will be more supported and popular after being open-sourced, and its functions will soon match and surpass Akula.Compared with the resources and influence behind the project, Erigon cannot guarantee that Akula can attract future funding, so it decided to cancel the technical, management and financial support for Akula.
According to DASH, as of November 23, its circulating supply reached 11,015,426.98 pieces.Market data shows that DASH has risen by 25.9% in the past 7 days, and by 34.1% in the past 14 days, and is currently in the $42 range.B Dash Venture, a venture capital arm of DASH, participated in a $15 million financing round for Web3 and virtual reality game developer Thirdverse.
Georgios Konstantopoulos, chief technology officer of crypto venture capital firm Paradigm, said on Twitter that Paradigm is building Reth, a Rust-based Ethereum execution layer.Reth is not a fork or rewrite of any other client implementation, but a new Apache/MIT-licensed full-node implementation whose core goals are modularity and open-source friendliness.
Digital asset custodian Hex Trust received a Minimum Viable Product license from Dubai’s Virtual Assets Regulatory Authority on Nov. 24.The range of services Hex Trust can now provide includes virtual asset custody services, broker-dealer services, and staking services.Binance has also previously received a Minimum Viable Product license from the Dubai Virtual Assets Regulatory Authority .