Susan_117

On July 7th, Polkadot founder Gavin Wood delivered a speech at the Polkadot Decoded conference, saying that Polkadot may cancel the parachain auction and switch to an application-centric model. He put forward a new perspective on Polkadot: no longer limited by the original parachain and relay chain, but focusing on the lower-level resources required by the blockchain-computing core (core), the Polkadot The card is seen as a multi-core computer. Gavin explained that the goal of Polkadot is not only about the chain, but about the space and the underlying resources required by the chain. He emphasized that Polkadot is a platform for builders to create applications and for users to use applications. Essentially, it is not a platform for hosting blockchains. Chaining happens to be one of the ways that Polkadot can be useful, but probably not the only way. Overall, Polkadot is a resilient, general-purpose, continuous computing provider.

On July 6th, Dune data showed that Blur’s NFT lending agreement Blend has accepted more than 100,000 loan transactions, reaching 100,012. The current total NFT loan transaction is 1,223,509,827 US dollars. In addition, as of now, the number of independent borrowers on the Blend platform is 3,551, and the number of independent lenders is 2,007.

The UK’s Financial Conduct Authority (FCA) has announced that all crypto asset firms marketing to users in the UK must comply with its financial promotion regime by October 2023. In a letter dated July 4, the FCA said that from October 8, firms operating in the U.K. will only have “four avenues for legally disseminating crypto asset promotions” in order to comply with the financial watchdog’s regime. These legal avenues include having an authorized party approve or communicate a promotion, creation of a promotion by a business registered with the FCA, or promotions that qualify for exemptions under the UK Financial Services and Markets Act

According to 0xScope monitoring, the current highest offer for BAYC 8811 is 28 ETH ($55,000). Its holders minted it at a cost of 0.08 ETH and are still holders. On September 17, 2021, it was offered for 6.50 ETH ($2.2 million), but the owner refused to sell it

On June 30th, according to the official announcement, Bitfinex will remove the following four trading pairs: BAT/USDT, ID/USDT, TREEB/USDT, EOS/EUR. The removal of these trading pairs will help consolidate and improve Bitfinex’s liquidity, bringing customers a more streamlined and optimized trading experience. Trading of these four trading pairs will cease at 10:00 am (UTC time) on July 11, 2023. Please note that other trading pairs for the relevant tokens have not been removed and are still available for trading on Bitfinex. Customers are requested to cancel any unfinished orders before these trading pairs are off the shelves, and these orders will be canceled by the system at that time. From July 4, 2023 at 10:00 AM (UTC time), clients can only reduce margin positions in EOS/EUR. All remaining margin orders will be cancelled, and Bitfinex will forcefully settle all open margin positions on July 11, 2023.

On June 29th, the DeFi infrastructure Maverick Protocol announced that due to the surge in transactions in the past two days, the subgraph service provided by The Graph has experienced significant delays, resulting in some LPs being unable to display in the UI when deploying liquidity to the chain. Access to its liquidity position, currently working with The Graph team to clear these blocks. Will update everyone as soon as the issue is resolved.

OKX has issued a Proof of Reserve (PoR) for the eighth consecutive month, with $11.3 billion in BTC, ETH and USDT reserves. OKX's latest PoR covers 22 widely used digital assets. In addition to BTC, ETH, and USDT, the assets included in OKX PoR include: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS , ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

According to news on June 27, according to monitoring by Ember, an analyst on the chain, 1 hour ago, the giant whale address starting with 0x882E withdrew 8,100 ETH (about 15.11 million U.S. dollars) from Binance. Since June 8, this address has withdrawn a total of 34,600 ETH (approximately 64.32 million U.S. dollars) from Binance, with a possible average cost price of 1,859 U.S. dollars, and has deposited 26,496 ETHs into the Ethereum pledge contract.

According to news on June 25, the National Tax Agency of Japan recently issued a circular on the interpretation of laws and regulations, modifying some rules of corporate tax. Among them, for the encrypted assets (virtual currency) issued by the enterprise itself, if the conditions are met, it will be excluded from the market value evaluation object. Under the previous law, when a company held virtual currency, it was required to pay capital gains tax at the end of the period. The rule places a burden on businesses and has long been seen as hindering virtual currency and blockchain innovation. After this revision, the rules related to the virtual currency issued by the company will be officially relaxed. It is worth noting that this revision of the rules only applies to virtual currencies "issued by the company", and virtual currencies "issued by other companies" are still subject to capital gains tax.

On June 24th, Mike McGlone, senior macro strategist at Bloomberg Intelligence, announced the contents of the latest "Encryption Outlook" report on social media, which pointed out that even if the spot bitcoin exchange-traded fund (ETF) applied by BlackRock really won Nor will the ETF launch until 2023, subject to regulatory approval. In addition, Mike McGlone also pointed out that the Federal Reserve has announced at the recent FOMC meeting that it will "raise interest rates several times" this year, coupled with weak liquidity and potential stock market bearishness, these are contrary to recovery expectations, so the encryption market will still meeting upward resistance