LianGuai Daily | The Bitcoin network has processed over 800,000 blocks; Vitalik’s criticism of XRP being completely centralized has sparked dissatisfaction within the XRP community.
LianGuai Daily | The Bitcoin network has processed 800,000+ blocks; Vitalik's critique of XRP's complete centralization has caused discontent in the XRP community.
Today’s headlines:
1. The Bitcoin network has processed over 800,000 blocks, with F2pool accounting for about 10% of mining.
2. Vitalik’s criticism of XRP’s complete centralization has sparked dissatisfaction within the XRP community.
3. 16 blockchain networks, including Ethereum, have collectively issued 1 billion NFT assets.
4. Six legal scholars have submitted a friend of the court statement in support of Coinbase.
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5. An address named “Smart Money” has purchased 4 types of tokens with 3,928 ETH, currently yielding a profit of $3.28 million.
6. French legislators are drafting a customized law on NFTs.
Regulatory News
French legislators are drafting a customized law on NFTs to establish protection measures for digital items with monetized value in virtual games. The agreement on the new rules may be reached within a few months. The bill has passed the first reading in the French Senate. It was handed over to the National Assembly in July, and legislators will discuss it after the summer break.
It is reported that in 2022, the French sports fantasy platform Sorare offered NFTs of many top football players, including Lionel Messi. The value of the digitally watermarked cards fluctuates based on their performance on the field. Officials from the French National Gaming Authority (ANJ) are concerned that consumers, especially minors, may not be aware of the risks of purchasing Ethereum-based digital collectibles. They have launched an investigation and informed Sorare that this violates gambling laws. However, ANJ did not take punitive measures against Sorare. Instead, they sat down with their enforcement team to develop rules to control the distribution of NFTs and to differentiate the transactions of these tools from gambling. The company has adjusted its policies over the past year to meet the expectations of regulatory authorities.
NFTs
Data: 16 mainstream blockchain networks, including Ethereum, have collectively issued 1 billion NFT assets.
According to data from NFTScan, a multi-chain data platform, a total of 1 billion NFT assets have been issued on 16 mainstream blockchain networks, including Ethereum, BNBChain, Polygon, Solana, Arbitrum, and Optimism. Over 2.65 million NFT asset contracts have been deployed.
Project Updates
Uniswap Founder: AzFlin, the deployer of the FRENS token, has already left and does not support removing liquidity from the project.
Hayden Adams, the founder of Uniswap, tweeted that early employee AzFlin has already left and does not support or condone the removal of liquidity from the project. Previously, blockchain expert @UniswapVillain claimed that early Uniswap employee AzFlin was the developer of the Meme token FrensTech (FRENS). Shortly after deploying the FRENS token, AzFlin used the multi-chain bridge HOP to transfer 14 WETH (approximately $25,800) from the Base network, and even sold the tokens withdrawn from the liquidity pool. AzFlin later admitted to being the developer and deployer of the FRENS token but denied the Rug Pull accusation. AzFlin claimed that the liquidity of the project had been locked from the beginning. He only removed liquidity worth 1 ETH, which was provided by his own developer wallet.
Vitalik’s criticism of XRP’s complete centralization has caused dissatisfaction in the XRP community.
In a recent interview, Vitalik Buterin discussed the qualifications that crypto projects must be considered as part of the field. Crypto projects do not need to be decentralized, and both IOTA and XRP are still completely centralized, but they are still listed as crypto assets on CoinMarketCap. Vitalik Buterin also pointed out that XRP has not apologized to the US government in writing, requesting its support over Bitcoin (BTC) and Ethereum (ETH). “XRP has not apologized for writing to the US government, and they claimed in the documents submitted to the US government that XRP should be favored over Bitcoin and Ethereum.”
XRP community members have reacted angrily to Buterin’s comments. XRP enthusiast Riz.XRP stated that Buterin is “killing” XRP as well as other crypto projects outside of Bitcoin and Ethereum. Other XRP enthusiasts also shared examples to prove that ETH is more centralized than XRP. This is not the first time Buterin has criticized XRP. In 2020, Buterin urged Ethereum enthusiasts not to defend Ripple in Ripple’s legal battle with the SEC.
The Bitcoin network has processed over 800,000 blocks, with F2pool contributing approximately 10%.
Since Satoshi Nakamoto created the Bitcoin blockchain, the Bitcoin network has processed over 800,000 blocks. The top-ranked are unidentified miners from 99 different mining pools, including unidentified miners, including Satoshi Nakamoto and early miners, who have collectively discovered 227,800 blocks, accounting for 28.37% of the total. F2pool is the mining pool that has discovered the most blocks since 2009, with 80,364 blocks discovered, accounting for approximately 10.01% of the total. Antpool ranks second with 75,829 blocks, followed by F2pool, accounting for 9.44% of the total. The subsequent rankings are occupied by Btc.com pool (39,996 blocks), Braiins Pool (39,647 blocks), and Viabtc (33,194 blocks).
Six legal scholars submit amicus curiae briefs in support of Coinbase.
A group of six legal scholars specializing in securities law and related fields submitted an amicus curiae brief to the US Southern District Court of New York on August 11, supporting the legal battle between cryptocurrency exchange Coinbase and the US Securities and Exchange Commission (SEC). An amicus curiae brief is a document submitted to the court by a party not directly involved in the case. It is commonly used to add supportive arguments for one party in the litigation and highlight how the case will have broader implications for the parties involved.
Previously, a joint amicus curiae brief was submitted by a16z and LianGuairadigm to support Coinbase in the SEC’s lawsuit against Coinbase.
Important Data
Data: Over 16 million WLD tokens claimed.
Dune data shows that the number of claimed WLD tokens has exceeded 16 million, currently reaching 16,060,916. There are a total of 518,390 addresses participating in the claim, with an average profit of $54.72 per WLD token claimant.
Data: A smart money address bought 4 tokens with 3,928 ETH, currently with a floating profit of $3.28 million.
According to on-chain analyst Yu Jin’s monitoring, a smart money address bought RLB, UNIBOT, Bitcoin, and MEVFree tokens with 3,928 ETH (worth $7.21 million) between July 22nd and August 8th. Currently, all tokens have a floating profit of $3.28 million. These tokens have not been sold yet, and the 0x51e address transferred the tokens to addresses starting with 0xc49 and 0xa54.
Data: A whale transferred a total of $5.86 million worth of ETH, SSV, OP, and UNI to Binance.
According to on-chain analyst Yu Jin’s monitoring, 30 minutes ago, a whale transferred 1,927 ETH (worth about $3.56 million), 51,073 SSV tokens (worth about $890,000), 566,036 OP tokens (worth about $870,000), and 87,478 UNI tokens (worth about $540,000) to Binance, with a total value of about $5.86 million. The profit and loss situation of these four tokens is as follows:
- ETH: Withdrawn from Binance in November 2022, with an average price of $1,238. Floating profit of $1.17 million (+49%);
- SSV: Withdrawn from Binance in April 2023, with an average price of $34.6. Floating loss of $0.87 million (-49%);
- OP: Withdrawn from Binance in November 2022, with an average price of $0.78. Floating profit of $0.43 million (+99%);
- UNI: Withdrawn from Binance in November 2022, with an average price of $5.4. Floating profit of $0.066 million (+14%).
Out of the four tokens, three are profitable and one is in loss. Overall profit is $0.8 million.
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