Daily Report | South Korea to investigate negligence related to deepfake on Telegram; crypto industry executives plan to raise $100,000 for Harris

整理：Fairy，ChainCatcher

Important News:

• Scroll Core Contributor: The rumored Scroll Foundation account is unofficial
• Brazil now has 16 cryptocurrency ETFs, with BLP, Hashdex, and QR Asset as the main fund management companies
• CoinShares: Last week, digital asset investment products saw an outflow of $305 million
• Reuters: Crypto industry executives plan to raise $100,000 for Harris
• OKX's Singapore subsidiary obtains MAS Major Payment Institution license, former MAS official appointed as CEO
• Sun Yuchen: This week will focus on reducing Tron network transaction fees
• Yonhap News: South Korea to investigate negligence related to deep forgery on Telegram

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

Folius Ventures Founder: The crypto industry will experience a "shuffle" in the next 18 months, with a significant increase in projects seeking listing or liquidation

Folius Ventures founder Jason Kam stated during a Space hosted by RootData titled "Navigating Bull and Bear Markets - Unveiling the Wisdom Behind Primary VC Investments" that primary market investments have undergone significant changes in recent years. Compared to before, current primary investments are more complex and speculative. The number of projects seeking listing or already listed but needing to sell has increased tenfold, hundredfold, or even thousandfold compared to previous cycles.

Facing challenges of insufficient liquidity and an increase in projects, Jason Kam believes the industry will experience a shuffle in the next 18 months, and a wave of promising secondary projects may emerge after 24 months.

Brazil now has 16 cryptocurrency ETFs, with BLP, Hashdex, and QR Asset as the main fund management companies

Brazil now has 16 cryptocurrency ETFs, along with other crypto-related funds. The first crypto ETF in Brazil was approved in 2020, and the management company BLP launched a crypto investment fund in Brazil in 2017.

BLP, Hashdex, and QR Asset are the main cryptocurrency fund management companies in Brazil. More than half of the 16 cryptocurrency ETFs come from Hashdex (6 funds) and QR Asset (4 funds). Hashdex and QR have a risk exposure to crypto assets of up to 100%.

CoinShares: Last week, digital asset investment products saw an outflow of $305 million

According to CoinShares' latest weekly report, the total outflow of digital asset investment products last week reached $305 million. Negative sentiment was mainly focused on Bitcoin, with outflows amounting to $319 million. Bitcoin short investment products saw inflows for the second consecutive week, totaling $4.4 million. Ethereum's outflow was $5.7 million, while trading volume stagnated, reaching only 15% of the level during the week of the U.S. ETF launch.

Sun Yuchen: This week will focus on reducing Tron network transaction fees

Sun Yuchen posted on platform X stating that this week will focus on reducing transaction fees on the Tron network. Significantly lowering fees is the first step to attracting more users to Tron, Meme, and NFTs, and he wishes everyone a pleasant trading experience on the Tron network.

Reuters: Crypto industry executives plan to raise $100,000 for Harris

According to Reuters, cryptocurrency executives and industry advocacy groups plan to raise $100,000 for U.S. Vice President Kamala Harris, hoping to persuade her to adopt a lenient stance on cryptocurrencies after she wins the presidential election in November.

The organization plans to hold a fundraising event in Washington on September 13, with ticket prices ranging from $500 to $5,000.

Reports indicate that despite being relatively silent on cryptocurrency compared to Trump, some industry insiders still support Harris over her competitor Trump.

Yonhap News: South Korea to investigate negligence related to deep forgery on Telegram

According to Yonhap News, South Korea will investigate negligence related to deep forgery on Telegram.

The first investor of "Black Myth: Wukong": I would never invest in Web3 games, those people don't truly love games

Daniel, the first investor of "Black Myth: Wukong," recently shared his views during an interview with Zhenge Fund regarding the "technology + games" trend often seen with the rise of new technologies, such as Web3 games and AI games, which often struggle to succeed.

Daniel believes that "it's always games plus something else," and investors should focus more on the team itself rather than being misled by new technological directions. He stated that he has seen many game industry entrepreneurs shift to the Web3 space after its rise, but he "would never invest" in such projects. He explained, "If they don't truly love games, how can they possibly create good games?"

Regarding future gaming investment opportunities, Daniel believes we need to wait 2-3 years for the changes brought by AIGC.

OKX's Singapore subsidiary obtains MAS Major Payment Institution license, former MAS official appointed as CEO

OKX announced that its Singapore subsidiary, OKX SG, has obtained a Major Payment Institution license issued by the Monetary Authority of Singapore (MAS). At the same time, OKX appointed former MAS official Gracie Lin as the CEO of its Singapore regional branch. According to OKX's press release, this license allows OKX SG to provide digital payment token and cross-border remittance services, including cryptocurrency spot trading for Singapore investors. Lin previously worked at MAS, Singapore's sovereign wealth fund GIC, and ride-hailing giant Grab, and she plans to focus on developing crypto products and services tailored to the needs of Singapore investors. In March of this year, OKX obtained a "principle" MPI license from MAS. OKX President Hong Fang stated at the time that Singapore is the "priority market" for the digital asset exchange.

Scroll Core Contributor: The rumored Scroll Foundation account is unofficial

Scroll core contributor @sandyzkp responded on social media to the rumored official Scroll Foundation account @ScrollFDN, stating that the account is a fake account.

The official Scroll account subsequently retweeted this content, advising users to be cautious of the recent fake accounts and not to click on any related links.

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

Behind Orderly Network's million-dollar revenue: Building a "liquidity central kitchen"

The booming development of multi-chain and Layer 2 ecosystems has provided users and developers with more choices, but it has also exacerbated the issues of fragmented liquidity between networks. However, users, LPs, and DEX project parties urgently need an efficient solution to address the global liquidity mobilization in a multi-chain environment.

Orderly Network, which covers all chains with its cloud liquidity infrastructure, is reshaping the cross-chain trading experience for DeFi users with its innovative liquidity-sharing concept. By integrating the liquidity of assets across all chains, DEX platforms or products with liquidity needs can address the depth and cross-chain issues caused by liquidity fragmentation in a one-stop solution.

Founder Ran Yi has repeatedly emphasized in public that Orderly Network is not a DEX but a liquidity infrastructure serving DEX-like products. It provides users with a plug-and-play liquidity solution that can easily integrate liquidity, lowering the development threshold and making the DeFi trading experience as efficient and smooth as on CeFi platforms.

On August 16, Orderly Network announced the completion of a $5 million strategic round of financing, with participating investment institutions including OKX Ventures, Manifold Trading, and Nomad Capital.

At just 25 years old, raising $134 million in funding, an article interpreting the founder of Story Protocol

25-year-old Jason Zhao is a young entrepreneur who grew up in Silicon Valley, passionate about entrepreneurship and sharing ideas. He began trying to start a business in high school and founded a campus publication focused on the intersection of technology and society during college. Inspired by blockchain research, he quit his job to establish Story Protocol, receiving continuous investment from a16z, with total funding reaching $110 million. Jason believes that doing what you want to do is the simplest way to achieve success and happiness.

Why do Binance, Bybit, and Bitget all want a piece of the Solana staking market?

The liquidity staking ecosystem of Solana is gradually growing, with new major players joining continuously.
On August 29, three centralized exchanges, Binance, Bybit, and Bitget, launched new liquid staking tokens (LSTs), allowing holders to earn returns while ensuring the security of the Solana blockchain and still participate in lending and other DeFi activities.
According to DefiLlama data, the liquidity staking ecosystem on Solana has more than doubled this year, increasing from $1.9 billion TVL on January 1 to $4.1 billion, with the three protocols Jito, Marinade, and Sanctum accounting for nearly 77% of the market share.
On platform X, Sanctum hinted at its role in the launches of BNSOL (Binance) and BBSOL (Bybit), responding to Binance's announcement with a handshake emoji and stating that in light of Bybit's disclosure, it is "ready to help bbSOL grow stronger."
According to CoinGecko data, since the announcement, Sanctum's governance token CLOUD has risen over 40%, jumping from $0.169 to $0.25.