Evening News | Crypto venture capital firm CoinFund launches a new $300 million fund; Total number of ENS domain names created exceeds 2 million

Organizer: Jessy, Chain Catcher

"What Important Events Happened in the Last 24 Hours"

1. EOS EVM is About to Launch, Mainnet Hard Fork Upgrade in September

Yves La Rose, founder and CEO of the EOS Network Foundation, tweeted that the EOSIO Alliance will unveil a new codebase for the core protocol this week to rebrand; on September 21, EOS will hard fork and activate its v3.1 consensus upgrade (hardfork). EOS EVM (TrustEVM) will soon be available on the EOS network. (Source link)

2. Coinbase Faces a Class Action Lawsuit for Allowing Americans to Trade Unregistered "Securities"

The Rosen Law Firm, a global investor rights law firm, recently announced a class action lawsuit on behalf of purchasers of Coinbase securities from April 14, 2021, to July 26, 2022, and publicly encouraged users who purchased Coinbase securities during the class period to file a motion with the court before October 3, 2022.

According to the lawsuit, Coinbase is accused of several reasons: (1) Coinbase holds crypto assets on behalf of its clients, knowing or recklessly ignoring that these assets may qualify as bankruptcy property, making them potentially subject to bankruptcy proceedings, in which Coinbase's clients would be treated as general unsecured creditors of the company; (2) Coinbase allows Americans to trade digital assets that Coinbase knows or recklessly ignores should be registered as securities with the SEC; (3) The aforementioned actions expose the company to higher risks of regulatory and governmental scrutiny and enforcement actions; (4) As a result, the company's public statements were materially false and misleading at all relevant times. (PR Newswire)

3. Acala Updates On-Chain Tracking Results of aUSD Abnormal Minting Incident, 3.022 Billion aUSD Claimed by 16 Addresses

Acala tweeted an update on the on-chain tracking results of the aUSD abnormal minting incident, with a total of 3.022 billion aUSD claimed by 16 addresses. Acala's referendum #21 destroyed 1.292 billion aUSD. Of the 1.682 billion aUSD obtained from the iBTC/aUSD LP tokens after the incident, it remains on 16 Acala addresses, while other tokens like iBTC, ACA, and DOT obtained from the incident are still held on these 16 Acala addresses. One address claims to have 2.9 billion aUSD minted tokens and has already destroyed 1.267 billion. Subsequently, Acala will release a series of tracking reports to identify transaction activities related to the aUSD minting error on Acala, detailing the transaction tracking of each of the 16 identified addresses. The community can use info&script to verify on-chain data and propose solutions to the aUSD abnormal minting incident. (Source link)

4. Data: Total ENS Domain Creation Surpasses 2 Million

According to Dune Analytics, the total number of ENS domain registrations has surpassed 2 million, currently standing at 2,000,317, with a total of 525,486 unique participating addresses and 374,037 main domain registrations. (Source link)

5. Crypto Venture Firm CoinFund Launches $300 Million New Fund Focused on Early Companies in Web3 and Cryptocurrency

Crypto venture firm CoinFund has launched a $300 million fund, CoinFund Ventures I, focused on early companies at the intersection of Web3, cryptocurrency, and other blockchain sub-industries. The new fund is backed by institutional investors, family offices, and cryptocurrency entrepreneurs. Previously, CoinFund has supported startups like Layer 1 blockchain Solana, web3 indexing protocol The Graph, and blockchain infrastructure company Blockdaemon. (The Block)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. "Exploring the Flow Ecosystem: Attracting Mainstream Users with IP for the Next Generation"

Recently, Flow has been receiving good news. In early August, after Meta announced that its photo-sharing platform Instagram would support the creation of NFTs on the Flow blockchain, the price of Flow tokens surged, with daily increases exceeding 40%.

Flow is a blockchain network created by Dapper Labs aimed at the mainstream market. Dapper Labs previously developed the popular application CryptoKitties but decided to create a public chain capable of supporting a billion users due to issues like Ethereum network congestion.

What is the current state of the Flow ecosystem? What are some good applications? This article provides a detailed overview. Additionally, we interviewed Amber, the head of the Flow Chinese community, and Bohao, the technical lead, for further insights into the Flow ecosystem.

2. "Anti-Censorship and Acceptance of Censorship: Ethereum May Fall into a Long-Term Regulatory Dilemma"

One of the significant recent events in Ethereum is the preparation for the Merge, but beneath the surface, there are turbulent waters. The author of this article often discusses English-speaking KOLs, summarizing some recent significant events lurking beneath the Merge.

3. "With Regulatory Thunder Striking, Will Decentralized Stablecoins Welcome a 'Spring'?"

The U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctioning the privacy mixer Tornado Cash built on Ethereum is the biggest industry hotspot recently.

The main characters at the center of the public opinion storm, besides Tornado Cash, are the U.S. institution Circle, which issues and operates the US dollar stablecoin, as it quickly implemented its blacklist function after OFAC announced sanctions, freezing USDC in the Tornado Cash protocol. Meanwhile, the ETH in Tornado Cash, due to its permissionless nature, not only cannot be frozen but has also been used by the community as a medium for "poisoning" to express dissatisfaction with regulatory policies. Although both are crypto assets operating on a permissionless public chain network, the comparison of decentralization between USDC and ETH in the face of regulation is evident.

4. "Grayscale: Analyzing the Challenges Faced by the ETHW Fork"

Ethereum plans to merge to Proof of Stake (PoS) on September 15, 2022, which has led to speculation about the Proof of Work (PoW) Ethereum (ETHW) fork. While there are precedents for Ethereum forks, this article will explore why this time it may not be feasible and what it means for Ethereum (ETH) and Ethereum Classic (ETC).