Crypto Guides, Knowledge & Insights

Binance Registered Users Surpass 178 Million, Records Net Inflows Exceeding $3 Billion in the Past 3

Binances newly appointed CEO, Richard Teng, has released a letter titled “A Letter from the CEO: Leading Binances First 100 Days,” wherein he emphasized ensuring and upholding Binances user-centric principle across the entire business as a top priority since assuming office. As of now, Binance has amassed over 178 million registered users and recorded net inflows exceeding $3 billion from the end of November to the end of February, surpassing other competitors. On the institutional front, Binance has successfully initiated and executed the first-ever crypto industry bank tripartite arrangement, where institutional investors trading collateral is held by third-party banking partners in a regulatory-compliant manner. Over the past three months, Binance has made significant progress in licensing and authorization negotiations, and the completion of a comprehensive and independent SOC 2 Type II compliance audit has confirmed the effective design and implementation of control measures for system protection and data security on Binances global platform.　　

2024-03-04Deep Dive

Token Unlocks: Major Unlocking of Tokens ARB, SUI, APT, and Others in March

据 Token Unlocks 数据显示，3 月份 SUI、APT、ARB、APE、MANTA、PIXEL、IMX、ID、YGG、OP、PRIME 等代币将迎来大额解锁，总计释放价值预计将达到约 34.12 亿美元，其中：　　1、Arbitrum 代币 ARB 将于 3 月 16 日 17:00 解锁 11.1 亿枚代币，价值约 21.5 亿美元，占流通供应量的 87.2%；　　2、Aptos 代币 APT 将于 3 月 13 日 14:00 解锁 2484 万枚代币，价值约 2.287 亿美元，占流通供应量的 6.76%；　　3、Immutable 代币 IMX 将于 3 月 22 日 16:00 解锁 3419 万枚代币，价值约 1.08 亿美元，占流通供应量的 2.46%；　　4、SUI 将于 3 月 3 日 16:00 解锁 3462 万枚代币，价值约 5746 万美元，占流通供应量的 2.81%；　　5、Hashflow 代币 HFT 将于 3 月日 16:00 解锁 1362 万枚代币，价值约 573 万美元，占流通供应量的 3.79%；　　6、CyberConnect 代币 CYBER 将于 3 月 15 日 14:00 解锁约 88.6 万枚代币，价值约 768 万美元，占流通供应量的 5.98%；　　7、ApeCoin 代币 APE 将于 3 月 17 日 16:00 解锁 1560 万枚代币，价值约 2917 万美元，占流通供应量的 2.61%；　　8、Manta Network 代币 MANTA 将于 3 月 19 日 1:30 解锁 667 万枚代币，价值约 1747 万美元，占流通供应量的 2.66%；　　9、Pixels 代币 PIXEL 将于 3 月 20 日 2:00 解锁 5438 万枚代币，价值约 2633 万美元，占流通供应量的 7.05%；　　10、Galxe 代币 GAL 将于 3 月 5 日 16:00 解锁 203 万枚代币，价值约 633 万美元，占流通供应量的 2.26%；　　11、SPACE ID 代币 ID 将于 3 月 22 日 16:00 解锁 7849 万枚代币，价值约 4518 万美元，占流通供应量的 18.23%；　　12、Yield Guild Games 代币 YGG 将于 3 月 28 日 6:00 解锁 1669 万枚代币，价值约 1067 万美元，占流通供应量的 5.51%；　　13、SingularityNET 代币 AGIX 将于 3 月 28 日 16:00 解锁 884 万枚代币，价值约 609 万美元，占流通供应量的 0.69%；　　14、Optimism 代币 OP 将于 3 月 29 日 20:00 解锁

2024-03-04Deep Dive

This Week Noteworthy Events(2024.3.4-2024.3.10)

Solana: Next Global Solana Foundation Hackathon Set to Launch on March 4th　　Solana Officially Announces the Next Global Solana Foundation Hackathon to Kick Off on March 4, 2024, and Conclude on April 8, 2024, Spanning Five Weeks. It is reported that this edition of the Solana Hackathon will be operated by the independent organization Colosseum, with registrations currently open.SEC Delays Approval Date for Fidelity Ethereum ETF to March 5th　　According to a document released on Thursday, the U.S. Securities and Exchange Commission (SEC) has extended the deadline for its decision on Fidelitys proposed spot Ethereum exchange-traded fund (ETF) to March 5th.　　The SEC stated, “The Commission believes that designating a longer period within which to take action on the proposed rule change is appropriate so that it has sufficient time to consider the proposed rule change and the issues raised therein.”　　Fidelity applied for the Fidelity Ethereum Fund in November, citing in its proposal a court ruling last year where a judge stated that the SEC failed to provide sufficient reasoning to reject spot crypto ETFs, while it had already allowed futures-based products at the time.ALT Airdrop for Celestia Stakers Ending on March 5th　　AltLayer posted an announcement on the X platform regarding updates to

2024-03-04Deep Dive

Pig-Butchering Scams Net More Than $75 Billion, Study Finds

According to Bloomberg, research from the University of Texas at Austin has found that “Pig-Butchering” scams have stolen over $75 billion globally over the past four years (from January 2020 to February 2024). The research tracked over 4,000 victim cryptocurrency addresses, with much of the funds being converted to the stablecoin Tether. This scam involves enticing investors to invest in cryptocurrencies through seemingly misdirected text messages, only to disappear afterward. The study indicates that the scam funds flow through centralized exchanges such as Binance, where they are converted into traditional currencies. This discovery reveals the widespread use of cryptocurrencies in large-scale fraudulent activities globally.　　

2024-03-01Deep Dive

Hong Kong Halts Applications for Virtual Asset Trading Platform Licenses

According to the Hong Kong Securities and Futures Commission website, the deadline for applications for virtual asset trading platform licenses was yesterday (29th). As of the update on February 28th, there are a total of 22 applicants for virtual asset trading platforms.　　Among the applicants are Bybit, OKX, Crypto.com, Gate.io, Bullish, and others.　　Ammbr, BitHarbour, and Huobi HK have withdrawn their applications, while Meex had its application rejected by the Securities and Futures Commission.　　OSL Exchange and HashKey Exchange were approved in August last year.　　Furthermore, virtual asset trading platforms operating in Hong Kong that did not submit a license application to the Securities and Futures Commission by yesterday (29th) must cease their operations in Hong Kong by May 31, 2024, or earlier.　　

2024-03-01Deep Dive

Blast主网上线：受到资金追捧的同时为何受人诟病？

本周四，采用 Optimistic Rollup 机制的以太坊 Layer2 Blast正式推出主网，随着主网上线，用户可以将此前存入资金提取。　　根据Dune看板，可以发现超过 180,000 名用户将总价值超过23亿美元的代币锁定在 Blast 上。其中主要包含约 479,000 枚 ETH ，148,000 枚 stETH，7800万枚USDC，6800万枚USDT。　　据悉，Blast 由 Blur 创始人 Pacman 在11月推出，并且在 11 月 21 日宣布完成 2000 万美元的融资，融资由 Paradigm、Standard Crypto、eGirl Capital 以及 Mechanism Capital 联创 Andrew Kang、Lido 战略顾问 Hasu、 The Block CEO Larry Cermak 等数位天使投资人参投。　　现有 Layer 2 的基准利率为 0%，Blast 是唯一具有 ETH 和币值稳定的以太坊收益的以太坊 Layer 2。具体来说，Blast 介入参与ETH 质押，质押收益将回馈给 Layer 2 的用户和 dapp。在 Blast 上，用户的余额会自动复利，并额外奖励 Blast 代币。　　Blast 在主网上线前便已经积累超过20亿美元的资金，可以预料到市场的狂热程度，未来代币上线预计能达到“独角兽”级别。　　在资金追捧 Blast 的同时，社区中也出现对 Blast 的质疑声音。主要因为以下两个原因：Blast抄袭Optimism代码　　2 月 1 日，@0x Kaden 在社交媒体平台发推表示，Blast 将 Optimism 的 MIT 许可更改为 BSL。　　消息一出，gaslite 联合创始人 @PopPunkOnChain 随即对比了 Blast 和 Optimism 的代码库。可以看到，在原始的 Optimism 的代码库中，第一行为「// SPDX-License-Identifier:MIT」，而在 Blast 的提交界面中，「MIT」被更改为「BSL」。　　不仅仅是许可证的修改，在第 23 行中，「base fee」代码空格被删除，更改为「basefee」。@PopPunkOnChain表示，Blast 意图分叉 Optimism 的代码、添加拼写错误、删除功能，甚至调侃这对 Blast 来说「并不需要花费很多钱」。Blast多签安全问题　　此前，Polygon Labs 开发者关系工程师 Jarrod Watts表示，Blast 合约是一个由 3/5 多签控制的可升级合约， 5 个地址均为匿名新地址，Blast 有可能通过多重签名来执行代码升级并立即窃取资金。对此 Blast 在 X回应称，安全是多方面的，涉及智能合约、浏览器和物理安全维度。不可变的智能合约通常被认为更安全，但可能会带来更大的风险，并表示将在一周内更换 1 个多签地址的硬件钱包类型，以增强安全性。　　

2024-03-01Deep Dive

Blast Mainnet Launch: Why is it Criticized Despite Being Well-Funded?

This Thursday, Ethereum Layer2 solution Blast, utilizing the Optimistic Rollup mechanism, officially launched its mainnet. With the mainnet going live, users can now withdraw funds previously deposited.　　According to data from Dune Analytics, its evident that over 180,000 users have locked tokens worth over $2.3 billion on Blast. This primarily includes approximately 479,000 ETH, 148,000 stETH, 78 million USDC, and 68 million USDT.　　It is reported that Blast, founded by Blurs founder Pacman, was launched in November, and on November 21, it announced the completion of a $20 million financing round. The financing was led by Paradigm, Standard Crypto, eGirl Capital, and Mechanism Capital, with participation from angel investors such as Andrew Kang, a co-founder of Lido, Hasu, a strategic advisor for The Block, and CEO Larry Cermak.　　Existing Layer 2 solutions offer a baseline interest rate of 0%. Blast stands out as the only Ethereum Layer 2 solution that provides Ethereum earnings with both ETH and stablecoin value stability. Specifically, Blast involves participating in ETH staking, with staking rewards being distributed to users and dapps on the Layer 2 network. On Blast, users balances automatically compound, and they receive additional rewards in Blast tokens.　　Even before its mainnet launch, Blast had already amassed

2024-03-01Deep Dive

21Shares Integrates Chainlink Reserve Proof to Enhance Transparency of ARK 21Shares Bitcoin ETF ARKB

21Shares has officially integrated the industry-standard Chainlink Proof of Reserve (PoR) on the Ethereum mainnet to enhance the transparency of the underlying Bitcoin reserves of ARK 21Shares Bitcoin ETF.　　Johann Eid, Chief Business Officer at Chainlink Labs, stated, “We are thrilled to collaborate with 21Shares. They are revolutionizing the application of tokenized assets and extending their reach to a broader user base. In this context, Chainlink Proof of Reserve can provide immutable real-time data on Bitcoin reserves, not only enhancing the security and transparency of ARK 21Shares Bitcoin ETF but also instilling greater confidence in institutional and market participants to engage in on-chain finance.”　　Ophelia Snyder, Co-Founder and President of 21Shares US, commented, “With the integration of the industry-leading Chainlink Proof of Reserve, we are setting a new standard for transparency and security in digital asset management. This integration allows us to provide unprecedented insights and security for ARKB investors, further fulfilling 21Shares commitment to leading secure and transparent asset management services.”　　

2024-02-29Deep Dive

Gemini Trust: Gemini Earn Users to Receive 100% Physical Digital Asset Returns Pending Court Approva

Gemini Trust announced on the X platform that it has reached a preliminary settlement with Genesis and other creditors in the Genesis bankruptcy case. If approved by the bankruptcy court, all Gemini Earn users will receive 100% of their digital assets returned in kind. This means that Gemini Trust will be returning digital assets worth over $1.8 billion, which is $700 million more than when Genesis halted withdrawals on November 16, 2022.　　If the bankruptcy court preliminarily approves the settlement, Earn users are expected to receive approximately 97% of their physical assets within about two months, with the remaining balance expected to be received within the next 12 months. This settlement is subject to definitive documentation. The required bankruptcy court procedures may take up to two months to complete, and we will promptly inform Earn users.　　

2024-02-29Deep Dive

Arkham: US Government Transfers Over $1 Billion in Bitcoin from Confiscated Bitfinex Hacker Funds

According to Arkham data, an address labeled as “U.S. Government: Bitfinex Hacker Seized Funds” transferred 2818 BTC to a new address, worth approximately $173 million. Another related address subsequently transferred its holdings of 12,300 BTC to a new address as well, valued at around $923 million.　　Reportedly, these bitcoins originate from funds seized by the US Department of Justice from the Bitfinex hackers, with the Department of Justice yet to respond to the motive behind the transfers.　　According to Arkham, there is another US government wallet containing approximately 94,600 BTC, also belonging to the seized Bitfinex hacker funds, valued at around $5.79 billion at current prices.　　

2024-02-29Deep Dive

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