WuBlockchain Weekly：Unemployment、NFP、Difficulty Adjust、MtGox and Top10 News

Sep 2

Top10 News

1、The US unemployment rate in August recorded 3.7%, non-farm payrolls increased by 315,000 people

The US unemployment rate in August recorded 3.7%, expected 3.5%, the previous value of 3.5%. The U.S. non-farm payrolls increased by 315,000 in August, compared with 528,000 previously and 300,000 expected. Earlier, Fed Chairman Powell said that the September rate hike meeting will refer to the August NFP and CPI data.

2、Bitcoin mining difficulty was significantly increased by 9.26% to 30.98T

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、OpenSea & LooksRare said it will only support Ethereum PoS chains after the Ethereum merge

4、NFT Marketplace X2Y2.io Is Letting Buyers Avoid Royalty Payments. link

The popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry.

5、Meitu suffers impairment loss of more than RMB 300 million due to cryptocurrency purchases

According to Meitu's first half financial report, on March 7, 2021 and April 8, 2021, it purchased 31,000 Ether and 940.89 Bitcoin, which resulted in an impairment loss of RMB124.1 million and RMB181.4 million, respectively, as of June 30, 2022, for a total impairment loss of over RMB300 million.

6、Texas Crypto-Mining Rush May Need as Much Power as Entire State of New York
Cryptocurrency miners are accelerating their push to expand in Texas far beyond authorities' initial expectations, Bloomberg reported, with miners having applied to draw up to 33 gigawatts of power from the grid, demanding 33 percent more than the grid is prepared to handle, which could cause the state's electricity use to soar. The state is aggressively recruiting miners, and Texas has some of the cheapest electricity rates for large consumers, averaging about 7.57 cents per kilowatt hour in June, a third less than the national average, according to the U.S. Energy Information Administration. The number of miners applying for access to the grid has doubled in the past four months.

7、Many MtGox creditors say the repayment system is not yet online and no tokens have been distributed yet link
As BTC price volatility returns, the market has reacted sharply to unconfirmed rumors that Mt. Gox's 137,000 BTC will soon be sold on the open market. Its rumors vary widely, with some suggesting a one-time release of 137,000 BTC; others say the funds will be released in installments, but that payments will still begin at the end of the week. With no new official information, however, it's unclear why the sell-off rumors gained so much traction so quickly. Trader Josh Rager said that even if all of the BTC were sold at once, the resulting selling pressure would not cause as much of a problem as some might think.

8、Many of the accounts previously frozen by Binance to assist law enforcement have been unfrozen

According to community feedback, many of the accounts previously frozen by Binance to assist law enforcement have been unfrozen. Binance officials have previously said that users are advised to choose formal platforms and merchants when making transactions (especially for financial transactions). In the absence of further effective judgment by law enforcement authorities, assets and accounts will be unlocked within a limited time.

9、SBF：we are not planning to acquire Huobi
Bloomberg previously disclosed that Huobi was seeking a $3 billion acquisition, FTX and Sun Yuchen were involved in talks. Wu said it was exclusively learned that Huobi changed its employee email from Huobi.com to HTx-inc.com last week, triggering today's rumor, but sources familiar with the matter said the changed name was a coincidence. At present, the person in charge of Huobi is still communicating with various investors about the acquisition.

10、More than half of the world's daily bitcoin transactions are fake, according to Forbes research

The industry's daily global bitcoin trading volume stood at $128 billion on June 14, more than half of which were fake transactions, according to Forbes research. In the ranking of fake transactions based on 10 factors, compliance exchanges in the United States and South Korea had the smallest fake transactions, with BigONE BitCoke HitBTC accounting for more than 95 percent of fake transactions, and Binance Bitget Bybit accounting for 45 percent.

Fundraising

Gabe Leydon’s Limit Break has $200M to make a new kind of blockchain game link
DeFi Platform RedStone Raises Nearly $7M to Improve Connectivity Between Blockchains, Real-World Data link
Temasek to Lead $100 Million Funding for Crypto Landlord Animoca link
a16z leads $50 million in funding for NFT organization Proof Collective link
Pantera leads $13 million round for creator-owned livestreaming platform Stacked link
Alexis Ohanian’s Seven Seven Six Targets $177.6 Million for Crypto Token Fund link
Sei Raises $5M Led by Multicoin Capital to Build the First Layer 1 Blockchain Optimized for DeFi link