Evening News | FTX successfully bid $1.422 billion to acquire Voyager; Cosmos Hub releases 2.0 white paper

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2022-09-27 19:53:58
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Polkadot has released its latest roadmap, expecting that asynchronous support features will enable TPS to reach 1-1 million; Apple's new policy may allow NFT markets to sell NFTs through Apple Pay.

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"What Important Events Happened in the Last 24 Hours"

1. Voyager Officially Announces Completion of Auction, FTX Wins with a Bid of $1.422 Billion

Voyager Digital announced today that after multiple rounds of bidding, its operating company Voyager Digital LLC has selected FTX US as the highest and best bidder for its assets. The official committee of unsecured creditors (UCC) notarized and supported FTX US's winning bid.

FTX US's bid is approximately $1.422 billion, which includes the fair market value of all Voyager cryptocurrencies at a future date, estimated at $1.311 billion based on current market prices, plus an estimated additional consideration providing about $111 million in incremental value. The company's claims against Three Arrows Capital remain in the bankruptcy estate, which will allocate any available recoveries from such claims to the creditors of that estate. (Source link)

2. Cosmos Hub 2.0 White Paper Officially Released, Introducing Liquid Staking and Reducing ATOM Inflation

The draft of the Cosmos Hub 2.0 white paper has been officially published on the governance forum, outlining a new role for the Hub as the core of inter-chain security, meaning other chains will be able to use Cosmos Hub to secure their networks. The white paper will be on-chain and subject to community voting on October 3.

The white paper describes two application-specific features, the InterChain Scheduler and InterChain Allocator, which together form a flywheel to accelerate cross-chain growth. The InterChain Scheduler is a cross-chain block space market that generates revenue from cross-chain MEV. This revenue is used by the InterChain Allocator to capitalize new Cosmos chains, facilitating inter-chain collaboration and expanding the potential market for the Scheduler.
The white paper also introduces mechanisms aimed at enhancing the value of Cosmos Hub's native token ATOM, with Cosmos Hub soon supporting liquid staking to improve ATOM's liquidity, and significantly reducing the number of ATOM tokens issued to the network in the future. (Coindesk)

3. Polkadot Unveils Latest Roadmap, Expecting Asynchronous Support to Achieve TPS of 100,000 to 1,000,000

Polkadot co-founder Rob Habermeier announced the latest roadmap for Polkadot on the official blog, which includes deploying asynchronous support on Kusama by the end of the year, followed by deployment on the mainnet. This feature can reduce the block time for parachains to 6 seconds, increase the available space per block by 5-10 times, and allow parachain blocks to be "reused" if they do not enter the relay chain on the first attempt. This update is expected to bring the total TPS capacity of the network to between 100,000 and 1,000,000 without affecting the security guarantees made by the network.

Additionally, Polkadot plans to launch parachain thread functionality in Q1 or Q2 of 2023, allowing parachains to temporarily participate in Polkadot's security, launch blockchains without participating in auctions, and rent dedicated parachain slots; in mid-October 2022, it implemented Weights V2, which introduced the concept of multi-dimensional weights that measure not only execution time but also the state accessed by specific operations. A new governance system will be deployed on Kusama in early Q4 of this year, reflecting the self-upgrading capability of the governance mechanism on the Polkadot chain; a dispute reduction feature for the staking module is planned to be launched by the end of the year, where validators submitting invalid parachain blocks will have their entire token shares slashed. (Source link)

4. Apple's New Policy May Allow NFT Markets to Sell NFTs via Apple Pay

Tech giant Apple is nearing an agreement to allow Web3 startups to sell NFTs through its App Store. Under the new policy, NFT markets such as OpenSea, LooksRare, and Magic Eden can sell hosted digital collectibles via the Apple Pay gateway.

It is reported that Apple charges up to 30% commission on all NFT transactions made through iOS apps, but since Apple currently does not process any cryptocurrency transactions, purchases in the App Store must be made in USD, which is very difficult to convert, ultimately leading NFT traders to shy away from the Apple ecosystem due to high fees making it nearly impossible for NFT projects to be profitable. (Source link)

5. Crypto Technology Service Provider ChainUp Appoints Former Singapore Prime Minister Goh Chok Tong as Special Legal Advisor to the Board

Crypto technology service provider ChainUp has appointed former Singapore Prime Minister and Chairman of OCBC Bank Goh Chok Tong as a special legal advisor to its board.

ChainUp is known for providing blockchain solutions including exchange infrastructure, liquidity services, crypto wallets, NFTs, and mining. Goh Chok Tong served as Singapore's Prime Minister from 1990, succeeding Lee Kuan Yew, and was the Secretary-General of the People's Action Party from 1992 until 2004. He served as Senior Minister from 2004 to 2011. (Source link)

6. LFG Wallet Transfers 3,313 Bitcoins to Exchanges After Arrest Warrant Issued by Korean Prosecutors

According to CoinDesk Korea, after the South Korean prosecutors issued an arrest warrant for Terra founder Do Kwon, the Luna Foundation Guard (LFG) wallet transferred approximately 3,313 bitcoins (worth about $66.59 million) to crypto exchanges KuCoin (1,354 bitcoins) and OKX (1,959 bitcoins) between September 15 and 18.

It is reported that South Korean prosecutors subsequently applied to freeze accounts at KuCoin, but OKX ignored the freezing request from the prosecution, and the 1,959 BTC may have been transferred to another exchange, with prosecutors closely investigating the transfer situation. (Source link)

7. CoinDesk Ranks "Best Universities for Blockchain in 2022," Tsinghua, Peking University, Shanghai Jiao Tong University Among the List

CoinDesk has released its ranking of the 50 universities that have had the most impact on blockchain in 2022, based on metrics including the number and influence of research publications, courses, degrees, conferences, industry partnerships, grant amounts, graduate employment, reputation, and other measures. The top six universities are Hong Kong Polytechnic University, National University of Singapore, University of Zurich, UC Berkeley, Cornell University, and Tsinghua University.

Additionally, Shanghai Jiao Tong University, Peking University, Sun Yat-sen University, Zhejiang University, and Fudan University are also among the top thirty. (Coindesk)

8. Safe Announces Community Challenge Results: 12,168 Addresses Eliminated, Saving Approximately $2.9 Million

Digital asset management platform Safe (formerly Gnosis Safe) announced the results of its community challenge, where 12,168 addresses were eliminated, 43,575 addresses qualified for airdrops, and 29 safe addresses were eligible for rewards. Safe stated that this measure saved the community approximately $2.9 million, with 75% to be redistributed to the community and 25% as rewards for challengers.

It is reported that on September 8, Safe launched a community challenge called "Identify Airdrop Hunters," where users successfully reporting airdrop hunters could receive 25% of the reported individual's SAFE, while the remaining 75% would be distributed to all other eligible individuals. Airdrop hunters who voluntarily reported themselves before being reported by others could retain 25%. (Source link)

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

1. "A Comprehensive Interpretation of Cosmos 2.0: From Loose Alliances to Economic Communities"

During the Cosmoverse conference from September 26 to 28, Cosmos released its brand new 2.0 white paper, and this article brings you the latest interpretation of the white paper. The white paper first reviews the achievements Cosmos has created through Tendermint, IBC, and SDK. After realizing the low adoption rate of the Cosmos Hub network and the low utilization of ATOM tokens staked on it, contributors hope to change this situation through Cosmos 2.0.

2. "Breaking the Deadlock and Rebirth: The Legendary Journey After Ethereum's Merge"

Ethereum has undergone a historic upgrade, entering a new phase of development. After the merge, Ethereum will continue to move towards scalability and decentralization. The Merge is just the first step into the PoS era, and Ethereum still faces significant challenges, including the centralization of the validator community, scalability, and the Lazy Validator Problem, which continue to hinder the explosion of applications and the secure expansion of Ethereum. This article will analyze the consensus algorithm adopted by POS starting from The Merge, focusing on exploring the use of DVT technology to address the single-point risk of validators, and analyze Ethereum's issues and future development opportunities with industry practitioners.

3. "The Birth of Unicorn Immutable: From 'Internet Addicts' to Brothers Worth Over $1 Billion"

James and Robbie co-founded Immutable, Australia's fastest-growing unicorn company, valued at $1 billion. James serves as CEO, while Robbie is the president, and both made it to the 2019 Forbes Asia "30 Under 30" list, being Australia's wild Web3 guardians. This article takes readers into the legendary story of Robbie Ferguson and James Ferguson.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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