Web3 Daily｜Volatility Shares will launch the first leveraged Bitcoin futures ETF; Azuki will launch a new series of NFT

Selected Highlights:

1. OPNX will soon announce the first Launchpad project, and will soon launch the credit stable currency oUSD;

2. Optimism has been renamed OP Mainnet;

3. Azuki launched the Azuki Elementals series of NFTs, Azuki and BEANZ holders are eligible to participate in the pre-sale;

4. Volatility Shares will launch the first leveraged bitcoin futures ETF next Tuesday;

Project Dynamics

OPNX will soon announce the first Launchpad project and will soon launch the credit stable currency oUSD

According to official news, the encrypted claim trading platform Open Exchange (OPNX) announced that it will soon announce the first Launchpad project, and OX pledgers will have the opportunity to obtain the Launchpad project Token.

In addition, OPNX will also launch the credit stable currency oUSD, which will solve the trust, bankruptcy and collateral issues of cryptocurrency lending and trading, and can be used as margin and profit and loss currency in all futures contracts on OPNX.

Users can purchase an unlimited amount of oUSD with USDT at a ratio of 1:1 from the agreement, and use non-stablecoin collateral to trade futures. Profitable traders can cash out by selling oUSD on the oUSDT/USDT market or exchanging from oUSD, while losing traders can pay off negative oUSD balances by buying oUSD on the oUSDT/USDT market or from the oUSD protocol. 100% USDT controlled by oUSD will be available for 1:1 oUSD:USDT exchange.

Optimism has been renamed OP Mainnet

Optimism, the Ethereum Layer 2 network, posted on the official social media that the network has been renamed OP Mainnet to distinguish the OP Mainnet blockchain itself from the collective, atmosphere and spirit contained in Optimism (optimism).

Azuki launches Azuki Elementals series NFT, Azuki and BEANZ holders are eligible to participate in the pre-sale

The NFT project Azuki officially posted on social media announcing the launch of the Azuki Elementals series of NFTs, with a total of 20,000 pieces.

Every Azuki and BEANZ holder will receive a Soulbound Token (SBT) airdrop to commemorate their participation in the 2023 Follow The Rabbit campaign. All Azuki and BEANZ holders can participate in the Azuki Elementals pre-sale at 9:00 am Pacific time on June 27th (00:00 Beijing time on the 28th).

Additionally, every Azuki holder is airdropped an undisclosed and locked element. The remaining NFTs will be sold during the Azuki Elementals Public Sale, at which time undisclosed NFTs will be unlocked and transferable, making them publicly available immediately after the sale closes.

Wintermute Accused of Inflating Celsius Token Price Through False Trading, Helping Ex-Celsius CEO Alex Mashinsky Defraud Investors

Crypto market maker Wintermute is accused of helping ex-Celsius CEO Alex Mashinsky defraud investors in a proposed class action, according to Bloomberg.

Plaintiffs who sued Mashinsky and other Celsius executives in July 2022 amended their federal lawsuit in New Jersey this week to name London-based Wintermute as a defendant, drawing another major industry player into the Celsius bankruptcy suit. According to the lawsuit, Wintermute began engaging in "wash trading" and other improper activities in March 2021 to inflate the value of Celsius' native CEL Token and loan products. Such transactions create the illusion that assets are being traded much more frequently than they actually are.

Wintermute also played a key role in Mashinsky's futile efforts to shore up CEL in May 2022 following the collapse of Terra and Luna Token, investors claim. “This false trading activity undermines the price of CEL Token, as well as the reported trading volume, all of which are strategic patterns to deceive investors,” the investor’s lawyers said in the lawsuit.

"Wintermute vehemently denies any involvement in any improper dealings," a Wintermute spokesman said in an email.

Volatility Shares to Launch First Leveraged Bitcoin Futures ETF Next Tuesday

Volatility Shares will launch its 2x Bitcoin Strategy ETF next Tuesday, The Block reported. Its application, which was not rejected by the US Securities and Exchange Commission (SEC), took effect on Friday. The ETF, which will begin trading on Tuesday, seeks to deliver twice the daily return of the bitcoin futures index, Stuart Barton, chief investment officer at Volatility Shares, said in an email.

According to the prospectus, the fund will not invest directly in bitcoin, but instead "seeks to benefit from increases in the price of bitcoin futures contracts." The SEC has previously approved a bitcoin futures ETF, but not a spot ETF. Over the past week, firms including WisdomTree, Invesco and BlackRock have all filed applications for bitcoin spot ETFs.

Coinbase Adds USDC Support to Stellar Network

The Stellar Development Foundation (SDF) announced that Coinbase has added support for USDC on the Stellar network, providing USDC deposit and withdrawal services on the Stellar network.

Coinbase’s support for USDC on Stellar will allow for faster and cheaper transactions, the SDF said. Specifically, USDC on Stellar can offer "near-zero" transaction costs and can complete transactions in as little as five seconds.

Voyager started processing user withdrawals two hours ago

According to monitoring by the on-chain analyst Ember, Voyager started processing user withdrawals two hours ago. Users can claim to withdraw 35.72% of Tokens from June 20 to July 5, or choose to pay legal currency after Voyager sells Tokens after 30 days.

BlockBeats previously reported that on June 15, Voyager filed documents with the court outlining plans for the Voyager platform to reopen to customers between June 20 and July 5, so that creditors can withdraw about 35% of the cryptocurrency.

Bloomberg, Dow Jones, NYT and FT Jointly Appeal Ruling That Allowed FTX Client Names to Be Private

Media outlets including Bloomberg, Dow Jones & Company, the New York Times Company and the Financial Times on Friday appealed a court ruling allowing bankrupt crypto trading platform FTX to trade on It keeps client names confidential in its bankruptcy cases. Their lawyers argued that FTX is not entitled to a “novel and sweeping exception” to bankruptcy’s typical disclosure requirements simply because its customers use cryptocurrencies.

U.S. Bankruptcy Judge John Dorsey of Wilmington, Delaware, ruled earlier this month that FTX did not have to disclose the names of its customers because doing so could expose them to identity theft and other scams. Bankruptcy companies are generally required to disclose the names of their creditors and the amount of debt they hold, including that of individual customers, but U.S. bankruptcy law has an exception for disclosing information that could create a risk of identity theft or other harm.

FTX believes that cryptocurrency users face a higher risk of fraud and identity theft, citing the recent bankruptcy of crypto lender Celsius Network as an example of what scams can lead to when a customer’s name is leaked. Celsius users have seen an increase in phishing attacks by scammers posing as bankruptcy attorneys and Celsius employees after the judge in the Celsius case ordered the release of customer names, according to FTX court documents. FTX said roughly 9 million users could be targeted by scammers if their names were leaked.

Crypto Mining Applied Digital Signs $460 Million AI Hosting Agreement

Applied Digital, an encryption mining company, announced that its recently launched AI cloud service through its wholly-owned subsidiary Sai Computing has acquired a second AI customer, with an agreement valued at up to $460 million for a period of 36 months.

Last month, Applied Digital announced the launch of a cloud service that provides high-performance computing power for artificial intelligence applications. Simultaneously with the launch of its AI cloud service, the company announced the signing of its first AI customer, worth up to $180 million over 24 months.

Nike's NFT Platform .SWOOSH Launches Airphoria Metaverse in Fortnite

Nike's NFT platform .SWOOSH has reached a cooperation with "Fortress Night" to launch the metaverse Airphoria inspired by Air Max sneakers, which will be open from June 21st to June 27th. All players who play 10 minutes or more in Airphoria will receive the Air Max 1 '86 Back Bling.

Japanese social gaming giant GREE to become Sui validator and develop Web3 games

Japanese social game giant GREE announced that it has signed a memorandum of understanding on strategic cooperation with Layer1 blockchain Sui developer Mysten Labs. According to the memorandum, GREE’s wholly-owned subsidiary BLRD in Singapore will be Sui’s validator node. In addition, GREE plans to use domestic intellectual property (IP) in Japan to develop Web3-based games and deploy them on Sui.

Bitget celebrates official partner Lionel Messi's birthday with a graffiti wall in his hometown

Bitget built a graffiti wall featuring Messi's portrait in Buenos Aires, Argentina, Messi's hometown. Bitget wanted to celebrate the birthday of its official partner, soccer legend Lionel Messi, with a unique and artistic form.

Gracy Chen, Managing Director of Bitget, said: "The establishment of the graffiti wall is a unique way for Bitget to pay tribute to Messi. Messi embodies perseverance, continuous improvement and resilience in the face of challenges.

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Bloomberg Strategist: If the ETF applied by BlackRock is approved, it may not be launched in 2023, and Bitcoin cannot be immune to the impact of the US recession

Mike McGlone, senior macro strategist at Bloomberg Intelligence, posted on social media that the key price of Bitcoin has been around $30,000 since 2021, when the price rise of most risky assets benefited from the largest money supply in history. volume surged. The current liquidity problem still exists, and most central banks chose to continue to tighten monetary policy in June. Although risk assets rebounded on the back of a mild recession in the United States and "hopes of Fed easing policy", they are still in adversity.

The chart shows that Bitcoin's recent gains have lagged the Nasdaq 100, which may have peaked, while one-year fed funds futures (FF13) show little potential for increased liquidity.

Bloomberg Economics believes that the launch of spot bitcoin ETFs in the United States is a matter of time. BlackRock's application to launch such a fund appears to hasten the process, but it likely won't launch until 2023, when the U.S. is expected to head into recession in the coming months.

Mike McGlone added that he believes that the launch of a potential ETF will not make Bitcoin immune to the impact of the US recession, a potential bear market in the stock market and central bank monetary policy, as well as lessons from negative liquidity and economic contraction.

He Yi: "The entire BNB Chain team was laid off" is a rumor, and POR can prove that Binance did not misappropriate user assets

He Yi, the co-founder of Binance, responded to the recent rumors circulating in the market that "the entire BNB Chain team has been laid off, leaving only some markets and BD" and other rumors on social media. It is a rumor that the team was laid off and no technical personnel were left.

In addition, regarding the issue of asset misappropriation, He Yi responded that POR can prove it by itself, and the address on the chain can also be checked. The US court ruled that Binance.US also has no evidence of asset misappropriation.

data

Data: Huang Licheng sold blue-chip NFTs on Blur in the past 4 hours, including selling 44 BAYC at a price of about 1612 ETH

Data on the chain shows that in the past 4 hours, Huang Licheng's address machibigbrother.eth sold blue-chip NFTs such as BAYC, MAYC, and Azuki in Blur. Specifically include: selling 1 Azuki at 16.78 ETH; selling 5 BAYC at 183.8 ETH; selling 12 MAYC at 85.48 ETH; selling 39 BAYC at 1428.71 ETH; selling 3 at 20.57 ETH pieces of MAYC.

Data: Jump Trading added to MASK, LDO, LEVER and PERP over the past week

According to Lookonchain monitoring, Jump Trading has been increasing its holdings of MASK, LDO, LEVER and PERP in the past week. Jump Trading currently holds: 1.59 million MASK ($6.15 million); 1.09 million LDO ($2.11 million); 509 million LEVER ($686,000); 1.07 million PERP ($545,000).

OPNX native Token OX rises above $0.0308, a 24-hour increase of 3.2%

According to data from CoinGecko, OPNX’s native Token OX rose above $0.0308 and was quoted at $0.03083713 at 11:03, an increase of 3.2% in 24 hours. BlockBeats previously reported that OPNX will soon announce its first Launchpad project and will soon launch the credit stablecoin oUSD.

Data: The giant whale at the beginning of 0xf28 opened a short position of $4 million in TUSD on Aave

According to the data on the chain, the giant whale address starting with 0xf28 deposited USD 7.5 million in USDC as collateral on Aave yesterday, borrowed 4 million TUSD, and immediately converted all TUSD into USDC through 1inch.

BlockBeats previously reported that TrueUSD issued a document on June 10 stating that it has temporarily stopped minting TUSD through Prime Trust pending further notice. Prime Trust announced yesterday that it received a regulatory order from the state of Nevada to stop all fiat and cryptocurrency deposits and withdrawals. Additionally, cryptocurrency custody company BitGo announced yesterday that it has decided to terminate its acquisition of Prime Trust.

Data: The MASK Foundation has transferred 4 million MASKs to CEX in the past two days, which is about 15.2 million US dollars

According to monitoring by Ember, a data analyst on the chain, the MASK Foundation has transferred 4 million MASKs to CEX in the past two days, worth approximately US$15.2 million. Among them, 1.5 million were transferred directly from the foundation to 3 deposit addresses on the Binance platform; 2.5 million were transferred to DWF Labs through the address 0x157, of which 1.65 million were transferred to the OKX deposit address marked as DWF Labs, and 850,000 were transferred to the marked Binance deposit address for DWF Labs.

Data: etherealcapital.eth removed over $6 million worth of RPL from liquidity pools 7 hours ago

According to Spot On Chain monitoring, etherealcapital.eth removed 152,731 RPL (approximately $6.22 million) from the liquidity pool 7 hours ago, then transferred 6,270 RPL (approximately $255,000) to the new wallet 0x6fe, and on 6 Hours ago, 270 RPL were exchanged for 5.72 ETH, with an average price of $40.54, and a total of about $10,900. Currently, the address holds 406,000 RPL (approximately $16.4 million).

etherealcapital.eth accumulated 404,300 RPL from Kraken and 1inch from April 19 to June 11, with an average purchase price of $47.4, totaling about $19.2 million. In the WETH-RPL liquidity pool, 209 ETH ($395,000) were exchanged for 10,200 RPL. Since May 29, 7,922 RPL (~$386,000) were sold at an average price of $48.7 in exchange for 205 ETH. The estimated realized profit is $54,800 and the ROI is 16.5%.

Data: USDC's Share of DAI Collateral Reserve Has Dropped to 8%

The amount of USDC used as collateral for MakerDAO’s Peg Stability Module (PSM) has dropped significantly since the beginning of the year, The Block reported. PSM allows users to deposit USDC and mint DAI at a 1:1 ratio, helping to keep the stablecoin pegged to the US dollar. According to data from DeFiLlama, in January 2023, about 2.4 billion USDC was locked in PSM. That number has now shrunk to around $520 million, representing a 78% drop in the amount of USDC directly backing DAI. Additionally, USDC’s overall share of DAI’s collateral reserves has dropped from about 50% to 8%.

The core team stated that the main reason for the decline in USDC share is that MakerDAO is diversifying its balance sheet. MakerDAO has used $1 billion worth of USDC reserves to buy U.S. Treasury bonds, and transferred $500 million worth of USDC to Coinbase Custody for income. At the same time, Ethereum derivatives have surged in their share of DAI collateral. There is currently a total of $4.3 billion in WETH and wstETH, accounting for 68% of the total collateral.

Supervision

CoinDesk: Belgian Market Regulator Orders Binance to Stop Serving Users in the Country Immediately

Belgium’s market regulator, the Financial Services and Markets Authority (FSMA), ordered Binance to immediately stop serving local customers, CoinDesk reported. The FSMA stated that Binance violated the relevant ban by providing exchange services between virtual currency and fiat currency in Belgium, as well as hosting wallet services in non-EEA member states.

Brazil's Largest Encryption Trading Platform Mercado Bitcoin Approved to Participate in the Country's CBDC Pilot Project

Brazil’s central bank has authorized Mercado Bitcoin, the largest local crypto trading platform, to participate in the country’s CBDC pilot project, CoinDesk reported.

BlockBeats previously reported that in May this year, the Central Bank of Brazil had selected 14 institutions to participate in the CBDC pilot project, including major local private banks such as Bradesco, Nubank and Ita Unibanco, as well as Brazil's largest bank Banco do Brasil and local securities companies. Exchange B3. Multinational companies such as Visa and Microsoft have also been selected to participate in the project.

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