Daily Report | HashKey Exchange: Will open services to retail users in a few weeks, currently not accepting account openings from mainland China; Binance, Coinbase, and 5 other crypto companies make it to CNBC's Global Fintech 200 list
CyberConnect has opened the airdrop inquiry webpage, which will start claiming on August 15; the Central Bank of Russia has announced the digital ruble logo and related commission rates.整理：Mia, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. HashKey Exchange: Will Open Services to Retail Users in a Few Weeks, Not Accepting Mainland China Users for Account Opening
According to ChainCatcher, HashKey Exchange officially announced that it will open services to retail users in a few weeks. Based on local regulatory policies, it will not accept account opening requests from mainland China users and will only support professional investor certification. (Source Link)
2. Binance, Coinbase, and 5 Other Crypto Companies Make CNBC's Top 200 Global Fintech List
According to ChainCatcher, CNBC released its list of the top 200 global fintech companies, which includes major fintech giants such as Ant Group, Tencent, Paypal, Stripe, Klarna, and Revolut. Additionally, 5 companies from the crypto industry, including Binance, BitMart, Coinbase, Dapper Labs, and OpenSea, are also on the list. (Source Link)
3. CyberConnect Opens Airdrop Query Page, Claims to Start on August 15
According to ChainCatcher, the Web3 social graph protocol CyberConnect announced on social media that it has opened an airdrop query page. Users can check their eligibility and quantity of the airdrop through the official website. The CYBER airdrop will be available for claiming starting at 20:00 on August 15, 2023.
It is reported that users holding Mystery Box, The Shards, Mini Shards, W3ST, CyberProfile Premium Handle, and CyberProfile Early Adopter NFT can claim the airdrop. (Source Link)
4. Bank of Russia Reveals Digital Ruble Logo and Related Commission Rates
According to ChainCatcher, the Bank of Russia has unveiled the official logo for its central bank digital currency (CBDC) along with the commission rates for different types of CBDC services. By the end of 2024, all services will be free, but starting in 2025, B2B transactions will incur a fee of 15 rubles (approximately $0.16) per transaction, while individuals will pay a fee of 0.3% of the total transaction amount when transferring to commercial accounts and 0.2% when paying for public services.
It is reported that Russian President Putin signed the digital ruble bill into law on July 24. The CBDC is set to officially take effect on August 1, 2023, with a pilot program in 13 local banks. (Source Link)
5. Digital Bank Revolut to Suspend Crypto Services for U.S. Customers Starting September 2
According to ChainCatcher, British digital bank Revolut announced that due to the constantly changing regulatory environment and uncertainty in the U.S. cryptocurrency market, it will suspend cryptocurrency services in the U.S. starting September 2, 2023. U.S. customers will not be able to purchase cryptocurrencies on the Revolut platform. Additionally, starting October 3, Revolut will implement more comprehensive restrictions, completely prohibiting U.S. customers from accessing cryptocurrencies through Revolut, and they will no longer be able to buy, sell, or hold any cryptocurrencies. (Source Link)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Although the House Financial Services Committee created some memorable moments last week, legislation does not always proceed smoothly.
Post-event commentary suggests that the two bills passed by the House Financial Services Committee—one regarding the regulation of cryptocurrency market structure and the other concerning stablecoins—received moderate bipartisan support, marking a significant victory. To some extent, this is correct, as the core political goal of the industry is legalization, whether through direct regulation or acknowledgment of regulation by lawmakers.
Legislation on market structure seems to always be a long shot, and the aforementioned situation appears to be true—the passage of the bill is an important step forward in advancing dialogue, overcoming obstacles faced by others.
2. "Decentralized Order Books Explained: The Best Combination of Pricing Quality and Capital Security"
Since the peak of DeFi Summer, crypto traders have been trading on DEXs like Uniswap and CEXs like Binance. However, DEXs are primarily implemented in the form of AMMs, while CEXs are mainly in the form of limit order books (LOBs). Traders often find that AMM pricing is simple and avoids entrusting assets to centralized participants, while CEX LOBs provide better pricing due to more precise liquidity from active market makers.
Despite other trade-offs between the two types of exchanges, such as liquidity mining on AMMs and richer information trading on LOBs, these trade-offs can play a role in deciding which platform to trade on, but pricing is the most important factor. Therefore, the natural question arises: why not decentralize centralized exchanges? A decentralized LOB would be a clear game-changer, achieving the non-custodial advantages of dapps while providing better pricing offered by a complete order book.
3. "Five Key Points on Hong Kong's Cryptocurrency Policy in the Coming Year After Opening Retail Trading"
On August 3, HashKey and OSL trading platforms announced that licenses No. 1 and No. 7 have officially upgraded to become licensed trading platforms for retail users in Hong Kong. In addition to supporting fiat currency deposits and withdrawals, HashKey trading platform will collaborate with Standard Chartered Bank, Morgan Stanley Asia, ZA BANK, and others to provide fiat currency deposit and withdrawal services for users. Furthermore, the platform has also opened compliant OTC trading. After opening retail trading, what other highlights can we expect in the coming year?
