Top10 News

1、FTX advises users not to use mixing service

FTX recently froze the account of a user who sent money to Aztec's zkmoney. The official customer service replied that Aztec Connect-Aztec Network/zk Money was identified as a mixing service, which is a high-risk activity prohibited by FTX. Industry-leading third-party transaction monitoring tools ensure that users do not interact with high-risk addresses. It is recommended not to use the mixing service in the future, otherwise the FTX account may be compromised.

In response to reports that FTX said it was warning users not to interact with Aztec, Ethereum privacy network Aztec said that in the coming days and weeks, we will be expanding our efforts to include system-wide daily asset deposit caps, IP-specific deposit rate limits, single-address pending deposit caps, and more, Working with partners is underway to make it easier to identify at-risk addresses and eliminate the ability of bad actors to move stolen funds through Aztec.

2、Binance responded to the user's assistance in investigating the account freeze

Binance's Chinese channel responded to the recent blocking of its accounts by saying that Binance would never do anything to harm the interests of its users for its own gain, especially the recent rumors. On a global scale, national law enforcement agencies are obliged to provide necessary assistance when they have a reasonable need for assistance. However, some recent incidents are simply distorted and interpreted by malicious intentions. Please treat the rumors rationally and we will continue to pay attention to them.

3、OFAC‘s Sanction related: Flashbots, Ethermine, Uniswap, ACD

Flashbots said it is and will be OFAC compliant; Ethermine, the largest mining pool, has declined to package the Tornado Cash tx into the block; Uniswap software engineer Jordan Frankfurt posted on GitHub 253 addresses blocked by Uniswap; Lido Finance and Coinbase committed not to sanction; ACD discuss protocol-level anti-censorship strategies.

4、Mainnet Merge Announcement link

The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain -- 11:34:47am UTC on Sept 6, 2022. The Terminal Total Difficulty value triggering The Merge is 58750000000000000000000, expected between Sept 10-20, 2022. Note: as announced earlier, the Kiln testnet is being sunset. Operators will shut down on September 6, 2022.

5、Proposal for the future of the Tribe DAO link

• Below is a proposal to transition the Tribe DAO to a state such that:

• FEI redeems for $1 (1 DAI)

• Fuse hack victims receive payment making most victims whole

• TRIBE holders can redeem for pro rata share of remaining DAO controlled assets

• All Governance powers are removed

6、Ethereum Foundation Adopts D/Bond’s ERC-3475 Standard to Take DeFi to the Next Level

D/Bond created a new standard to introduce bonds and add value to improve Ethereum’s existing infrastructure and ecosystem. It is now accepted by the Ethereum Foundation, the network and ecosystem’s main supporter.
The proposal had been evaluated and debated. Ultimately, it was deemed secure, complete, and ready to be presented not only to EF experts but to all Web 3.0 and decentralised finance (DeFi) enthusiasts.

7、Compound III is Live link

Compound III is a streamlined version of the protocol, with an emphasis on security, capital efficiency, and user experience. Complexity wasn’t added — it was removed. What remains is the most effective tool for borrowers in DeFi.

8、BendDAO‘s Liquidity Crisis

BendDAO may cause a large number of users to pledge NFT to lend ETH due to the depressed NFT market, but only a small number of users are willing to store ETH, resulting in an imbalance between supply and demand of ETH in the pool. However, the lending pool liquidity recovered somewhat after the community proposal changed parameters and Web3 fund ABCDE proposed to provide 10,000 ethereum liquidity proposal.

9、Animoca Brands Japan raises US$45 million from MUFG and Animoca Brands to grow Web3 business

Animoca Brands KK (“Animoca Brands Japan”), a strategic subsidiary of Animoca Brands Corporation Limited focusing on cooperative partnerships in Japan for NFT-related business opportunities, today announced that it has raised a total of US$45 million from MUFG Bank, Ltd. (“MUFG”) and Animoca Brands Corporation Limited valuing the company at approximately US$500 million (pre-money). As stated in the press release of 3 March 2022, Animoca Brands Japan has been considering a collaboration with MUFG for  NFT related business opportunities.

10、Tether has $66.4 billion in reserves and about $66.2 billion in total liabilities, with consolidated assets exceeding its liabilities

Tether today released the report, which was independently audited by accounting firm BDO, to enhance reserve transparency. The report showed Tether's commercial paper holdings fell more than 58% from the previous quarter, to $8.5 billion from $20 billion, while its cash and bank deposit holdings increased 32%. Tether currently has $66.4 billion in reserves and about $66.2 billion in total liabilities, with consolidated assets exceeding its liabilities.

Fundraising

• Metaverse avatar platform Ready Player Me raises $56 million from a16z and others   link

• Yesports Raises $3.8M Financing Led By Spartan Capital  link

• Y Combinator alumni raise $80 million for DAO to back crypto startups  link

• Spectral raises $23M to help create web3 credit scores  link

• Haun Ventures leads $24 million round into web3 developer platform Thirdweb  link

• NFT Genius Raises $10.5M Series A Funding at $150M Valuation   link

• Animoca Brands Japan raises US$45 million from MUFG and Animoca Brands to grow Web3 business  link

Learn more, check out  crypto-fundraising.info.

Insights

• Arthur Hayes: Teach Me Daddy  link

• The SEC Treats Crypto Like the Rest of the Capital Markets  link

• How DeFi platforms are using data from TRM Labs to respond to Tornado Cash sanctions  link

• Ethereum Tightening More Than Fed link

• CoinMarketCap and Footprint Analytics: 2022 GameFi Industry Report  link

• Crypto Gaming: A Most Practical Thesis  link

• Paradigm: Variable Rate GDAs  link

• a16z: Treasury Management: A Guide to Navigating Downturns link

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