LianGuai Daily | Cyber’s emergency proposal rejected due to incorrect token quantity; FTX initiates transfer of SOL from cold wallet
LianGuai Daily | Cyber's emergency proposal rejected; FTX transfers SOL from cold wallet
Today’s news highlights:
1. CyberConnect issues emergency proposal to optimize CYBER liquidity
2. CyberConnect: CP-1 proposal rejected due to digital writing errors
3. Matter Labs co-founder: zkSync Era will fully transition to Boojum, currently in the final stage
4. FTX cold wallet starts transferring SOL, holding approximately $134 million SOL
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5. Uniswap V4 to launch after the Dencun upgrade
6. Arkham: Grayscale Ethereum Trust is currently the second-largest ETH entity in the world, holding $5 billion ETH
7. MakerDAO announces “Endgame” final stage, aiming to increase DAI supply to over $100 billion within three years
8. Vitalik sells 500 MKR for 350 ETH, the first time in two years
Regulatory news
Ripple opposes SEC’s intermediate appeal motion
A document released by Fox Business journalist Eleanor Terrett shows that Ripple has filed a motion opposing the SEC’s intermediate appeal. Ripple’s representative lawyer stated, “There are no special circumstances required for an intermediate appeal.” The SEC must respond to the filed document by September 8th. Earlier, the SEC submitted a motion to the U.S. District Court for the Southern District of New York, requesting an intermediate appeal on its legal dispute with Ripple Labs. A federal judge ruled earlier that while Ripple’s direct sales of XRP to institutional investors violated securities laws, its programmatic sales to retail investors through exchanges did not.
NFT
Project updates
DWF Labs and MDT reach strategic partnership to provide liquidity and seven-figure financial support to MDT
Measurable Data Token (MDT) announced a strategic partnership with DWF Labs to drive the development of its decentralized AI data value creation ecosystem. This collaboration enables DWF Labs to inject liquidity and seven-figure financial support into MDT, promoting the creation of decentralized data value using blockchain technology.
Previously, blockchain infrastructure company Chain announced the acquisition of the Measurable Data Token (MDT) ecosystem for $100 million.
Arkham: Grayscale Ethereum Trust is currently the second-largest ETH entity in the world, holding $5 billion ETH
Arkham, an on-chain intelligence platform, tweeted that it has confirmed on-chain that Grayscale Ethereum Trust is currently the second-largest ETH entity in the world, holding $5 billion worth of ETH. These funds are spread across over 500 addresses, with no single address holding assets exceeding $30 million, making the identification process more challenging. Arkham determined these addresses by analyzing activities and cross-referencing balances with Grayscale’s public reports.
MakerDAO announces “Endgame” final stage, aiming to increase DAI supply to over $100 billion within three years
MakerDAO announced the final stage of the “Endgame,” which will be the complete reimplementation of the entire Maker protocol built on the native blockchain NewChain. Through this strategy, MakerDAO hopes to increase the supply of the stablecoin DAI. MakerDAO stated, “The short-term goal of the Endgame is to increase the supply of DAI to over 100 billion US dollars within three years.”
Uniswap V4 will be launched after the Dencun upgrade.
Uniswap Labs tweeted that Uniswap V4 will be launched after the Dencun upgrade.
Matter Labs co-founder: zkSync Era will fully transition to Boojum, currently in the final stage.
Alex, co-founder and CEO of Matter Labs, revealed in a recent community AMA interview that zkSync is now fully focused on Era, aiming to build a highly scalable value internet using the ZK Stack. zkSync Era will transition to the STARK-based proof system Boojum, which is currently in the final stage. This transition will bring more efficient oracles and lower-cost on-chain privacy.
FTX cold wallets have started transferring SOL, holding approximately 134 million US dollars worth of SOL.
On-chain data shows that multiple FTX cold wallets started transferring their holdings of SOL yesterday. These wallets hold nearly 7 million SOL, equivalent to approximately 134 million US dollars. Anatoly Yakovenko, co-founder of Solana, expressed his intention to distribute SOL directly to FTX users. The Solana Foundation revealed last year that Solana Labs has sold a total of 58,086,686 SOL to FTX and Alameda Research, worth approximately 1.1 billion US dollars at the current value.
CyberConnect releases an emergency proposal to optimize CYBER liquidity.
According to the Snapshot voting page, Web3 social graph protocol CyberConnect has released an emergency proposal to optimize CYBER liquidity on the ETH, BSC, and Optimism networks. A series of proactive balancing strategies for CYBER tokens on these networks have been proposed. These strategies include: deploying CYBER-ETH, CYBER-BSC, and CYBER-OP bridges supported by LayerZero’s ProxyOFT; allowing users to bridge CYBER from any chain to another on Stargate. Utilizing the unlocked network of the community treasury to provide liquidity for bridging. The foundation will attempt to reserve 25k CYBER-ETH, 25k CYBER-BSC, and 25k CYBER-OP in the bridge. A total of 7 million CYBER-BSC and 3,888,000 CYBER-ETH will be available to maintain liquidity for bridging services. If there is insufficient funding for CYBER-ETH, CYBER-BSC, or CYBER-OP, the foundation will burn and mint CYBER on each chain to maintain a good balance of CYBER on each network. The total supply of CYBER on all chains will always remain at 100 million.
Binance will adjust the leverage, margin level, and funding rate settlement frequency of CYBER perpetual contracts.
According to an official announcement, the Binance Futures platform will adjust the leverage and margin level of the CYBERUSDT perpetual contract on September 2nd at 18:30 Beijing time. Existing positions will be affected by the update. Users are advised to adjust their positions and leverage in a timely manner to avoid potential liquidation. In addition, starting from 16:30 Beijing time on September 2nd, Binance Futures will increase the funding rate settlement frequency of the CYBERUSDT perpetual contract from every four hours to every two hours.
CyberConnect: Proposal CP-1 has a numerical writing error, so the proposal has been rejected.
CyberConnect, a Web3 social graph protocol, announced that the recently passed CP-1 proposal has a numerical writing error, resulting in its rejection. The quantity in the community treasury is 1,088,000 CYBER tokens, which have already been unlocked. However, the number stated in the proposal is 10.88 million. Although the on-chain vote has passed, the proposal will not be executed temporarily due to the data error.
Previously, CyberConnect, the Web3 social graph protocol, released an emergency proposal to optimize the liquidity of CYBER tokens on the ETH, BSC, and Optimism networks and proposed a series of active balancing strategies for these networks.
The technical issue with the integration of GHO and Aave V3 pools has been resolved, and the minting function has been restored.
Aave announced that the technical issue with the integration of GHO into the Aave V3 Ethereum pool has been resolved, and the minting function of GHO has been restored.
Previously, a technical issue was discovered in the integration of GHO and the Aave V3 GHO pool, resulting in the temporary suspension of new GHO minting. On August 30th, Aave lifted the suspension of GHO assets on V3 and used freezing as an alternative solution.
Vitalik exchanged 500 MKR for 350 ETH, marking the first sale in two years.
According to The Data Nerd, Vitalik Buterin sold 500 MKR (worth about $581,000) through CoWSwap and exchanged them for 350 ETH two hours ago. Vitalik then transferred all the received ETH to an address starting with 0x3f6. This is the first time Vitalik Buterin has sold MKR in two years.
Important Data
Data: CYBER premium on the Upbit platform is less than 10%.
The price of CYBER on Upbit has dropped to around $11.7, currently at 0.00045327 BTC, with a premium of less than 10% compared to the price of around $10.9 on other exchanges.
Data: ARK Fund increased its holdings of Coinbase stock by approximately 7,000 shares in the past week.
The ARK Fund has accumulated a net increase of 7,052 shares of Coinbase stock (COIN) this week, valued at approximately $550,000 based on the current price. The current price of Coinbase stock is $77.99.
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