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Crypto Exchange Regulation Check

Solana's Social Media Battle Begins: Will Blinks Drive Mass Adoption?

On June 25th, Solana released a new protocol called Blinks (Blockchain Links), which quickly gained support from over ten top protocols in the Solana ecosystem, including Tensor, Phantom, and Jupiter.　　Solana introduced Blinks as a way to connect Solana with the Web2 internet. Essentially, Blinks can generate links for any on-chain operation, allowing project teams or users to create their own Blinks and share them on social media. These links create interactive card-style interfaces that users can directly interact with using their wallets.　　Solanas founder, Toly, stated that Blinks can turn Web2 into Solanas L2 while ensuring economic security. This indicates Solanas strategy to leverage the massive traffic of social media platforms to shorten the path for Web2 users to enter Web3, promoting the transition of Web2 users to Web3. Implementation Path　　As mentioned, Blinks convert on-chain operations into links using a core technology stack called Actions. Actions is a protocol that creates and delivers Solana transactions via URLs, allowing Solana to be shared anywhere. Blinks is a client that detects Actions URLs and expands them into a full experience.　　The technology behind Actions and Blinks was developed in collaboration with Dialect. The team has already integrated Actions and Blinks directly into Twitter and

2024-06-28Deep Dive

Blast's First Airdrop Arrives: Why Are User Reviews Mixed?

Previously, ZKsync and LayerZero faced significant user dissatisfaction due to their airdrop rules. Yesterday, Blast initiated its airdrop and listed on multiple exchanges. Blasts high visibility on various monitoring platforms showcases its popularity. Compared to ZKsync and LayerZero, user reviews for Blasts airdrop are polarized.Airdrop Details　　Yesterday, Blast officially opened its airdrop claims and revealed its tokenomics. The total supply of BLAST is 100 billion, with 50% allocated for community airdrops. The first phase of the airdrop comprises 17% of the total supply.　　Airdrop Allocation:　　The first airdrop will distribute 17% of the total BLAST supply (17 billion tokens) among users. This 17% is broken down into:7% for Blast Points7% for Blast Gold Points3% for Blur Foundation　　For the top 0.1% of users (approximately 1000 addresses), airdrops will be linearly released over six months, contingent on meeting monthly points thresholds, encouraging continuous interaction.　　Additionally, the 3% allocated to the Blur Foundation will be distributed as follows:0.5% to Q3 traders, 0.5% to BLUR stakers0.5% to Q4 traders, 1% to BLUR stakers0.5% reserved for the Blur teamReasons for Mixed Reviews　　Blasts airdrop followed ZKsync and LayerZero, leading to higher market tolerance for its rules. The announcement of no sybil hunt for addresses further garnered support from “airdrop hunter

2024-06-27Deep Dive

CyberCharge teams up with WikiBit and TaskOn for a Giveaway Carnival Mania!

Activity link：　　https://taskon.xyz/campaign/detail/946656354　　Introduction　　CyberCharge is excited to partner with Taskon and WikiBit to host a Giveaway Carnival! Complete the tasks for a chance to share a 300 USDT prize pool.　　A total of 30 winners will be selected, with each winner receiving 10 USDT.　　Dont miss out on this fantastic opportunity to win!　　About CyberCharge　　CyberCharge is a cutting-edge social networking system built on the Global PowerMatching Protocol (GPMP), a pioneering protocol within the DePIN industry.　　By leveraging the unique ecosystem of the power network, CyberCharge creates a novel on-chain social domain. Users benefit not only from energy services but also from the opportunity to develop new social relationships, thereby broadening the influence and application boundaries of power matching protocols.

2024-06-27Deep Dive

Renowned Blockchain Info Query Platform WikiBit Joins the British Blockchain Association!

Leveraging its multi-dimensional public data accumulated from years of deep industry engagement, WikiBit provides all-in-one information query services to over 10 million users in more than 170 countries and regions worldwide with its robust technical capabilities and professional service team. Committed to offering the most comprehensive, accurate, and latest information support, WikiBit aids users in safely investing in the blockchain industry. As a member of the British Blockchain Association, WikiBit will further enhance its information regulatory service advantages, helping investors find the most suitable blockchain trading projects and platforms.　　The BBA is the UK‘s first national organization that encourages and promotes the adoption of blockchain technology across the public sector, private sector, and the third sector. It is one of the world’s largest blockchain associations, dedicated to driving blockchain innovation and application. The association brings together top-tier blockchain industry think tanks globally, with members spanning six continents, boasting strong industry influence and resource networks.　　WikiBits inclusion will inject new vitality into the association, collectively promoting the healthy development of the blockchain industry with its powerful blockchain regulatory information query services. Professor Naseem Naqvi, founder and chairman of the BBA, has stated, “The swelling ranks of partners and members from around the world

2024-06-26Deep Dive

These Two Events Draw Attention in the Airdrop Industry

ZKsync Opens Airdrop Claims and Lists on Binance　　Last week, ZKsync opened airdrop claims and was listed on Binance. ZKsync is seen as a competitor to Arbitrum and Optimism, thus its valuation and airdrop conditions are often compared to these projects. Previously, ZKsyncs airdrop rules caused considerable FUD (fear, uncertainty, and doubt) due to several contentious factors:　　Airdrop conditions were unusual, resulting in far fewer eligible addresses than anticipated.　　Several suspicious addresses were identified, with no direct response from the official team.　　Some addresses flagged by LayerZero as “sybil” addresses still received the airdrop.　　The presence of numerous “rat holes” (addresses suspected of gaming the system) and perceived unfair airdrop rules led to ZKsyncs governance token $ZK having a relatively average price performance on Binance compared to competitor projects.LayerZero Requires a $0.1 Donation per Token Claim　　In early May, LayerZero announced an airdrop snapshot and subsequent sybil address cleansing. For nearly two months, LayerZero remained in the spotlight, facing scrutiny, controversy, and disputes. Just as the community thought they could finally claim their airdrop, LayerZero introduced a new claim mechanism requiring users to donate $0.1 per ZRO token. This move was mocked by the community as a disguised IDO (Initial DEX Offering) rather than a genuine

2024-06-25Deep Dive

This Week's Noteworthy Events(June 24, 2024-June 30, 2024)

AI Arena to Launch NRN Token on June 24 and Open Claiming　　AI gaming platform AI Arena announced on X that it will launch the NRN token on June 24, 2024. The claim site will open at 15:00 (UTC+8), and the CEX listing will be at 16:00 (UTC+8) on the same day. Listing partners will be announced soon.South Korean Crypto Exchange GDAC to Halt Trading on June 24 and Close on July 16　　South Korean cryptocurrency exchange GDAC announced it will cease operations on July 16. Starting from 11:00 local time on June 24, cryptocurrency trading services on GDAC will no longer be available.io.net: Daily Block Rewards for IO Workers to Start on June 25　　io.net announced that block rewards will soon be available. Daily rewards for IO Workers will begin on June 25, with verified uptime rewards automatically credited daily to the “Earnings t submitted claims in the Bahamas can do so before the expected mid-August 2024 deadline. After court approval of the bankruptcy protection debtor reorganization plan, FTX will confirm dates and next steps in writing. The next US bankruptcy court hearing is scheduled for June 25, 2024.EU Regulator Sees MEV as Market Abuse; Consultation Feedback Deadline on June 25　　The European

2024-06-24Deep Dive

WikiBit has Officially Become the Member of BBA！

We are pleased to announce that WikiBit has successfully joined the British Blockchain Association (BBA)!　　The British Blockchain Association (BBA) is a non-profit organization established in 2017, dedicated to promoting the evidence-based adoption of blockchain technologies through strategic collaboration, innovation of best practices, and supporting solutions that benefit the wider community.　　WikiBit is a global authoritative query platform in the blockchain industry, committed to providing users with comprehensive and reliable data to help them make quick decisions. By combining publicly available government data, advanced sniffing systems, and scientific computer algorithms, WikiBit offers basic information queries, regulatory license searches, and blockchain project credit evaluations.　　WikiBits uniqueness lies in its core data collection capabilities and global brand influence. Through partnerships with governments and enterprise resource exchanges, WikiBit obtains authoritative data and integrates resources from hundreds of exchanges, venture capital institutions, media, and project providers worldwide. WikiBit has 11 branches across five continents, providing users with timely assistance and services.　　WikiBit and the BBA share the same values, dedicated to promoting industry progress. By joining the BBA, WikiBit will continue to leverage its strengths to provide users with more comprehensive and reliable information, driving the broader adoption and development of blockchain technology.About The British Blockchain Association　　The British

2024-06-24Deep Dive

Free-to-Play Airdrop Games: Driving Mass Adoption through TON

Notcoin is a highly popular click-based game on Telegram, built on the TON blockchain, attracting users with its simple gameplay and promise of real cryptocurrency rewards. In the game, players need to periodically click a token icon and watch ads to earn Notcoin.　　Since its launch, Notcoin has seen a surge in popularity, boasting over 40 million users and peaking at over 6 million daily active users. Following this, it was listed on Binance and performed well in the secondary market.　　Notcoins impressive performance has spurred interest in similar projects, mostly based on Telegram, where users participate for free and earn future game tokens through “Play to Earn.” Here are a few similar projects driving mass adoption:Banana　　Banana is a free game on the Steam platform similar to Notcoin, with no learning curve. According to Steam data, Banana peaked with over 750,000 online players.　　Players simply click on a banana on the page, earning a regular banana after 3 hours and a special quality banana after 18 hours.　　The bananas drop into the players Steam inventory, and most include crypto elements. Steams built-in secondary market allows players to trade these bananas directly.Hamster Kombat　　Since its launch at the end of the first quarter, Hamster Kombat has

2024-06-19Deep Dive

This Week's Noteworthy Events(June 17, 2024-June 23, 2024)

Tether CEO: New Type of Digital Asset Product to Launch Today　　Tether CEO Paolo Ardoino announced on the X platform that after a year of effort, Tether will launch a new type of digital asset product on Monday, June 17.ZK Nation: ZK Airdrop Claim Opens on June 17　　ZK Nation posted on the X platform stating that it has updated its FAQ document and reiterated details regarding the airdrop. Finally, ZK Nation mentioned that the ZK airdrop claim will open at 15:00 Beijing time on June 17.LayerZero to Release Updated Witch List on Monday　　LayerZero Labs CEO Bryan Pellegrino announced the interim witch list, stating, “We are releasing this information for community review. If any clusters here are erroneous or reported incorrectly, we will remove them. This information is not for individual appeals and thus not addressed at the address level. Please list any clusters that are clearly erroneous and explain why the method is clearly wrong or how it includes false positives. If possible, please provide feedback within the next 24 hours.” He also added that a few bounty hunters reported as approved but not yet listed might appear in a slight update to the list tomorrow, though 99% are already included.Rocket

2024-06-17Deep Dive

UwU Lend Suffers Two Hacks in Three Days, Total Losses Reach $24 Million

On June 10, the decentralized lending protocol UwU Lend suffered a hack, resulting in a loss of nearly $19.3 million. On-chain data shows that the hackers wallet successfully stole a range of tokens, including Wrapped Ether (WETH), Wrapped Bitcoin (WBTC), and stablecoins, most of which were then traded on Uniswap.　　UwU Lend is a project forked from the open-source code of the Ethereum-based lending protocol AAVE v2. It allows users to lend and borrow digital assets, participate in investment strategies, and manage assets in a non-custodial manner. According to the documentation on its website, the platform prioritizes security, using forked and audited code from AAVE v2 to minimize smart contract risks. However, this recent breach has exposed vulnerabilities in the protocols security measures.　　Web3 security firm PeckShield stated that the root cause of the attack was an issue with the price oracle, specifically that the pricing of the sUSDe asset came from a median of multiple sources. Five of these sources—FRAXUSDe, USDeUSDC, USDeDAI, USDecrvUSD, and GHOUSDe—were manipulated during the attack.　　In the first breach, the attacker used flash loans to manipulate the price of Ethena USDe (USDe) by exchanging it for other tokens, causing the price of USDe and Ethena Staked USDe (SUSDe)

2024-06-14Deep Dive
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Crypto Exchange Regulation Check

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※ You are visiting the WikiBit website. WikiBit and its mobile app are a tool for users worldwide to check exchange compliance information. Users are advised to comply with the relevant laws and regulations of their country or region when using WikiBit products.