Evening News | Binance launches a $1 billion "Crypto Recovery" fund; NFT market Quix will cease operations in February next year

Organizer: Cookies, Chain Catcher

"What important events have occurred in the past 24 hours"

1. Zhao Changpeng: Collaborating with Genesis and will bid again to purchase Voyager's assets

According to Jin10, Binance CEO Zhao Changpeng stated: Overall, the cryptocurrency industry is doing well. We will see more crypto (risk) spreading, as the industry made FTX too large. I have spoken with some participants in cryptocurrency recovery funds and will allocate $1 billion to purchase distressed assets. We have collaborated with cryptocurrency company Genesis and will bid again to purchase Voyager assets.

It is reported that in the auction in September, Binance's bid for U.S. Voyager was rejected for national security reasons, and FTX defeated competitors Wave Financial and Binance to win the auction for Voyager. (Source link)

2. Ethereum core developer meeting plans to discuss including EIP-4844 in consideration

OP Labs CEO Liam Horne tweeted that Ethereum core developers will hold a conference call on Thursday to discuss including EIP-4844 in consideration (CFI). However, "including in consideration" does not mean that EIP-4844 will be included in the next hard fork; the content of the Shanghai upgrade will be discussed separately.

It is reported that previously, Vitalik Buterin shared ideas on Proto-danksharding (EIP-4844) on Twitter, focusing on data validation scenarios for blob-carrying transactions that cannot be executed by EVM. Proto-danksharding will replace Danksharding, a sharding technology where only one proposer selects all transactions and data for this or that slot, rather than selecting a separate proposer for each shard. Vitalik's proposed solution could be a temporary variant as it includes some implementation of sharding technology. At the same time, it leads to increased data usage as it requires a larger block size. Vitalik proposed automatically deleting blob data every 30 days to prevent excessive demands on the network for data and memory storage. (Source link)

3. NFT market Quix will cease operations in February next year and is collaborating with Optimism to open-source its code

The Optimism ecosystem NFT market Quix announced it will cease operations on February 28 next year. The Optimism Foundation will represent the Optimism community to open-source Quix's code, which will be available for free use and building by the community starting January 6, 2023. Quix is working with the Optimism Foundation to ensure a smooth transition, and its team is committed to maintaining operations until February 28, 2023.

Quix stated that for NFT collectors on Optimism, it will soon begin redirecting transactions to OpenSea. For NFT creators, the Quix Launchpad will remain available until January 18. The Quix team will work directly with Quix API users to help them transition to alternative solutions. As a representative, Quix will continue to participate in Optimism governance in the short term but encourages Token holders delegated to the Quix team to redelegate to others. (Source link)

4. Turkish Ministry of Finance confiscates SBF's assets and launches investigation into alleged fraud

According to Anadolu Agency, the Turkish Ministry of Finance announced the confiscation of assets belonging to former FTX CEO SBF (including assets of affiliated companies) and launched an investigation into his alleged fraud. According to disclosed information, FTX's Turkish subsidiary FTX TR is also part of its bankruptcy liquidation.

It is reported that Turkish Finance Minister Nureddin Nebati stated that the country's Financial Crimes Investigation Board (MASAK) has initiated an investigation into the case. He also emphasized the risks and opportunities brought by digitalization and stated that the cryptocurrency market should be approached with caution as much as possible. (Source link)

5. ConsenSys will collect IP addresses and ETH addresses of MetaMask users during transactions, while Uniswap states it does not track user IPs and can prevent users from being tracked by third-party APIs

DeFi observer Crypto Snooper tweeted that Ethereum infrastructure development company ConsenSys updated its privacy policy, stating that when users use Infura as the default RPC in MetaMask, it will collect the corresponding IP address and ETH address when users send transactions. (Source link)

Uniswap founder Hayden Adams stated on social media that Uniswap does not track IPs and can prevent users from being tracked by third-party APIs. (Source link)

6. PeckShield: A whale withdraws 84,000 ETH (approximately $103 million) from the stETH/ETH liquidity pool

According to monitoring information from PeckShield, a whale withdrew 84,000 ETH (approximately $103 million) from Curve's stETH/ETH liquidity pool.

Currently, the liquidity pool for the stETH/ETH trading pair on Curve is severely imbalanced, containing 161,885 ETH and 424,394 stETH, with stETH accounting for 72.24%. (Source link)

7. Across Protocol raises $10 million in Success Token financing at a $200 million valuation, with participation from Hack VC and others

Cross-chain bridge Across Protocol raised $10 million at a $200 million valuation, with participation from Hack VC, Placeholder, and Blockchain Capital, specifically through these three venture capital firms purchasing 50 million ACX from Risk Labs under the "Success Token" scheme. Each token will mature on June 30, 2025, returning 1 ACX and a call option for 1 ACX at a price of $0.50.

It is reported that the Success Token is a fundraising solution proposed by the synthetic asset protocol UMA, allowing funds to be raised without providing token discounts. (Source link)

8. Mt. Gox hacker-related address moves 10,000 bitcoins that have been dormant for 7 years

Ki Young Ju, co-founder and CEO of on-chain analytics company CryptoQuant, tweeted that 10,000 bitcoins that had been dormant for 7 years were transferred today, stating, "It comes from criminals, related to the 2014 Mt. Gox hack, BTC-e exchange wallet, and a few hours ago they sent 65 bitcoins, so this is not a government auction or anything." (Source link)

9. Musk: No investments received from SBF/FTX, SBF does not hold shares in Twitter as a private company

Elon Musk tweeted in response to Semafor editor Ben Smith, stating, "Neither I nor Twitter have received any investments from SBF/FTX; your article is lying," and added, "Semafor is owned by SBF, which presents a significant conflict of interest with its reporting," refuting any claims that SBF owns shares in Twitter, saying, "SBF may hold shares in Twitter as a public company, but he certainly does not own shares in Twitter as a private company."

It is reported that Semafor previously released a report stating that SBF contributed $100 million in stock to the now-privatized Twitter. (Source link)

10. SBF will have a conversation with New York Times columnist on November 30

FTX founder Sam Bankman-Fried stated that he will speak with New York Times columnist Andrew Ross Sorkin at the DealBook Summit in New York on November 30.

Sam Bankman-Fried did not specify whether he would attend the event in person or conduct the interview via video conference. A spokesperson for The New York Times stated in response to The Block's inquiry via email: "Currently, we expect Bankman-Fried to participate in the interview in the Bahamas." (Source link)

11. Uniswap may soon airdrop to historical users of NFT aggregation platform Genie

Scott, head of Uniswap's NFT product, stated on social media that the airdrop for historical users of NFT aggregation platform Genie is still in the planning stages and will arrive soon.

Previously, Chain Catcher reported that in June this year, Uniswap Labs announced the acquisition of NFT aggregation platform Genie and will airdrop USDC to historical users who have used Genie multiple times before April 15 or hold Genie Genesis NFTs. (Source link)

"What excellent articles are worth reading in the past 24 hours"

1. "Curve Stablecoin Design White Paper (Bilingual Reference Version)"

This article is a bilingual reference version of the Curve stablecoin design white paper, adding some Chinese annotations for better understanding and correcting some spelling errors in the original version for reference and study. Several concepts in this stablecoin design are crucial: the Lending-Liquidation AMM algorithm (LLAMMA), PegKeeper (stability maintenance mechanism), and monetary policy. However, the main design point is in LLAMMA: replacing the traditional over-collateralized lending liquidation process with a special-purpose AMM.

2. "Pantera Capital: FTX-related updates and outlook for the 2024 Bitcoin halving cycle"

On a personal level, the collapse of FTX reminds us to build a more efficient, decentralized, and open financial ecosystem. Furthermore, Pantera Capital discusses in this article the market trends that may be triggered by the Bitcoin halving cycle. The next Bitcoin halving is expected to occur on April 20, 2024. Mining rewards will decrease from 6.25 BTC per block to 3.125 BTC per block. If history repeats itself, Bitcoin's price will bottom out on December 30, 2022. Then we will see a rebound continuing into early 2024, followed by a strong rebound after the actual halving.

3. "Detailed explanation of Binance Launchpad project Hooked's economic model and product gameplay"

Binance is about to launch its 29th Launchpad project, Hooked Protocol (HOOK), which aims to build an entry point for Web3, providing users and businesses with tailored Learn&Earn product experiences and infrastructure to enter the Web3 world. Hooked has launched a quiz-based earning product called Wild Cash in Indonesia and Brazil, currently boasting over 2 million monthly active users. This article will provide a detailed explanation of the Hooked Protocol's team, economic model, product experience, and earning gameplay.