LianGuai Daily | The SEC files a motion for intermediate appeal regarding the Ripple case; friend.tech completes seed round investment, with LianGuairadigm participating.

LianGuai Daily | SEC files motion for intermediate appeal in Ripple case; friend.tech completes seed round investment with LianGuairadigm participation.

Today’s Headlines:

1. SEC may respond to BlackRock and Bitwise Bitcoin Spot ETF on September 1st.

2. US SEC submits interim appeal motion on Ripple case ruling.

3. friend.tech completes seed round investment with participation from LianGuairadigm.

• Content Marketing Methodology A Required Course for Web3 Startups
• Regulatory crackdown, slowed growth, Binance suffers two major setbacks.
• DeBank plans to launch Layer2, and the wool party has already taken action?

4. OpenSea stops supporting Binance Smart Chain, users will be unable to list new BSC NFTs.

5. Harbor Protocol, a stablecoin protocol in the Cosmos ecosystem, suffers an attack and the team is currently assessing the losses.

6. Yuga Labs will cease support for all upgradable contracts and new collections on OpenSea SeaPort.

7. Data: DWF Labs transfers 2 million CRV to Binance, previously purchased at an average price of $0.4.

Regulatory News

Bloomberg analyst: SEC may respond to BlackRock and Bitwise Bitcoin Spot ETF on September 1st.

Bloomberg analyst Eric Balchunas tweeted that the US SEC must respond to BlackRock and Bitwise’s applications for a Bitcoin Spot ETF on September 1st, but the decision may be delayed.

SBF requests release for five days a week to prepare for defense.

Former CEO of FTX, SBF, has requested to be released for five days a week to prepare for his defense. SBF’s lawyer, Christian Everdell, stated that it is necessary to allow SBF to meet with his lawyers and use internet-accessible laptops in court, which will expedite the litigation process. Last week, US federal judge Lewis Kaplan revoked SBF’s bail, and SBF is currently being held at the Metropolitan Detention Center in Brooklyn, New York.

US SEC submits interim appeal motion on Ripple case ruling.

The US Securities and Exchange Commission (SEC) filed a motion with the US District Court for the Southern District of New York on Friday, seeking an interim appeal in its legal dispute with Ripple Labs. Yesterday, a judge in the New York court approved the SEC’s request for an interim appeal. According to the documents, Ripple must respond to the SEC’s latest motion by September 1st. In an accompanying filing, the SEC’s lawyers argued that how the court handles the Ripple case could have “significant implications” for other pending lawsuits, such as the SEC’s lawsuits against cryptocurrency exchanges Binance and Coinbase.

NFT

OpenSea stops supporting Binance Smart Chain, users will be unable to list new BSC NFTs.

OpenSea announced on Twitter that starting today, users will no longer be able to list new Binance Smart Chain (BSC) NFTs or create new offers, but they can still view, search, and transfer existing BSC NFTs. The team stated that as the market continues to evolve, they need to focus their resources on the most promising projects. They believe that the cost of continuing to support BSC outweighs the benefits, so they have decided to terminate support for BSC.

Yuga Labs will stop supporting all upgradeable contracts and new series on OpenSea SeaPort

According to official news, Yuga Labs announced that it will gradually stop supporting all upgradeable contracts and any new series on OpenSea SeaPort. OpenSea announced yesterday that it will shut down the royalty enforcement tool “Operator Filter” on August 31st and will shift to implementing an optional creator fee model.

Project Updates

Tether CTO: Testing mobile app Keet with features such as P2P voice calls

Tether CTO LianGuaiolo Ardoino announced that they are testing the mobile app Keet. The app will provide true P2P voice calls, blind mirroring, and product stability. Once released, the team will focus on features, integrations, and the P2P plugin marketplace. The app will be permanently free and will not have centralized infrastructure.

Earlier this year, Tether, Bitfinex, and the Hypercore open-source protocol team collaborated to launch the peer-to-peer communication app Keet based on the underlying technology Holepunch. Keet allows sharing of end-to-end encrypted data only between participants in a call, with video operating through direct connections without the need for performance-restricting servers. In addition, when sharing files on Keet, there is no need to wait for uploads; other peer participants can immediately download from the source. Keet also has built-in Bitcoin Lightning and USDT micro-payments. Holepunch aims to make Hypercore more accessible, providing a range of easy-to-use, collaborative P2P data structures that allow developers to primarily focus on building applications without needing to be network or P2P experts.

Harbor Protocol, a stablecoin protocol in the Cosmos ecosystem, was attacked and the team is currently assessing the losses

Harbor Protocol, a cross-chain stablecoin protocol in the Cosmos ecosystem, announced that it was exploited in the past few hours, resulting in the depletion of funds in the stablecoin minting and stOSMO, LUNA, and WMATIC vaults. The Harbor team is working hard to estimate the total loss and investigate the attacker and track the funds. A detailed incident report will be released in the future. Based on the information collected so far, the attacker executed all operations using the following address: comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5

DeFi lending protocol Exactly Protocol will lift the suspension

Exactly Protocol, a DeFi lending protocol, announced that it will lift the suspension on August 20th at 7:51 (Beijing time) and has taken measures to strengthen the process.

Earlier, Exactly Protocol suffered an attack. According to security firm De.Fi, Exactly Protocol has lost over 7160 ETH (approximately $12.04 million). The protocol temporarily suspended but users can still withdraw their assets.

Investment and Financing

friend.tech completes seed round investment with participation from LianGuairadigm

friend.tech tweeted that it has completed its seed round investment with participation from LianGuairadigm. Earlier this year, friend.tech also collaborated with LianGuairadigm to build a new online social interaction tool. Additionally, friend.tech stated that it has distributed initial Friday points airdrop to 44,000 users and will distribute 100 million points during the six-month testing phase, with airdrops taking place on Fridays. The points will be recorded off-chain and will have special purposes after the testing phase. friend.tech mentioned that the airdrop will be based on user activity before Thursdays, and the criteria will be updated weekly. Users are not advised to use any specific methods to earn points. friend.tech reserves the right to modify previous point distribution arrangements if issues arise.

Important Data

Data: friend.tech trading volume exceeds 10,000 ETH, protocol revenue reaches 500 ETH

According to Dune data, friend.tech’s total trading volume is 11,345.3 ETH, and the protocol revenue is 515.7 ETH, with over 35,000 buyers. The total market value of “personal stocks” for users is 5,736.2 ETH.

Earlier, friend.tech tweeted that it had completed its seed round of investment, with LianGuairadigm participating.

Data: DWF Labs transfers 2 million CRV to Binance, previously purchased at an average price of $0.4

According to on-chain analyst Yu Jin’s monitoring, DWF Labs transferred a portion of CRV (2 million tokens, worth about $1 million) acquired through over-the-counter transactions from the founder of Curve to Binance 20 minutes ago.

It is reported that previously on August 1st, DWF Labs spent 5 million USDT to purchase 12.5 million CRV from the founder of Curve through over-the-counter transactions at a price of $0.4.

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