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Planet Daily | The Ethereum Foundation sold 100 ETH, the first sale transaction in October; three addresses suspected to belong to Justin Sun recharg

Planet Daily | The Ethereum Foundation sold 100 ETH, the first sale transaction in October; three addresses suspected to belong to Justin Sun recharg

OdailyOdaily2024/10/10 04:27
By:Odaily

Headlines

Ethereum Foundation sells 100 ETH, first sale in October

According to Spot On Chain monitoring, the Ethereum Foundation has just sold 100 ETH and obtained 242,828 DAI. It is reported that this is the first sale transaction of the Ethereum Foundation in October. In September, the Ethereum Foundation sold a total of 1,250 TEH, equivalent to approximately US$3.06 million.

Three addresses suspected to belong to Justin Sun deposited 600 BTC to Binance

According to @ai_ 9684 xtpa monitoring, three suspected Sun Yuchen addresses recharged 600 BTC to Binance in the past 3 hours, worth 37.23 million US dollars. The recharge address was marked as Sun Yuchens address by Arkham, and Sun Yuchen transferred 500 BTC (about 30.52 million US dollars) to this address two months ago.

Justin Sun has received over $52.82 million in airdrops from Ethereum ReStaking, including 8.99 million EIGEN

According to on-chain analyst @ai_9684 xtpa, the number of EIGEN airdrop claims by Justin Sun has grown to 8.99 million, with a total value of US$35.57 million.

In the past eight hours, Justin Sun’s four addresses received another 3.62 million EIGEN from the EigenStrategy contract, and then recharged all of them into HTX at a recharge price of US$3.89.

So far, Justin Sun has received over $52.82 million in project airdrops in the Ethereum ReStaking track, and there are still Puffer/Zircuit/Swell/Kelp to be settled.

  • EIGEN: 8.99 million, about 35.57 million US dollars;

  • ETHFI: 3.45 million, approximately US$17.25 million.

Wintermute deposited 43,591 ETH, or about $106.29 million, to Binance in the past 24 hours

According to monitoring by The Data Nerd, in the past 24 hours, Wintermute deposited 43,591 ETH (approximately US$106.29 million) to Binance.

Currently, there are 4,509 ETH (approximately US$11.07 million) held in its wallet.

The whale holding 10,158 BTC increased its holdings by another 750 BTC today

According to Lookonchain monitoring, a whale holding 10,158 BTC (about 681 million US dollars) increased its holdings of 750 BTC (about 46.8 million US dollars) from Binance today after being silent for 6 months. Based on the current price, the whale has lost more than 46 million US dollars in BTC.

Industry News

Binance CEO: Launchpool project quotas are strictly for users, and Binance will not make profits from it

Richard Teng, CEO of Binance, wrote on the X platform: I received a question about Launchpool quotas on X Spaces before. I hope this explanation will make everyone clear. The project quotas in Launchpool are strictly for Binance users. Binance will not make profits from these quotas that are supposed to be used for users, and the final allocation of project quotas is determined by the project party. We have implemented strict control measures, including setting a maximum holding limit for each Launchpool and Pre-Market user, which allows projects to reach users widely while providing protection measures. Of course, this also includes our strict token review process and a dedicated market monitoring team to monitor trading activities on Binance.

Analysis: HBO documentary reveals several reasons why it believes Peter Todd is Satoshi Nakamoto, including postings, spelling habits, etc.

@tier 10 k posted on X that the main reasons why HBO believes Peter Todd is Satoshi Nakamoto (he denies this) are as follows:

  • In 2010, Todd responded to Satoshi on bitcointalk (from a new account); HBO claimed that he accidentally completed Satoshis post using his own account;

  • After a few days neither account was updated;

  • Todd later deployed the “replace-by-fee” concept discussed in the post;

  • The documentary claims that Todd used the pseudonym John Dillon to promote RBF;

  • Both used British/Canadian spellings;

  • Satoshi released on a schedule that the documentary claims aligns with the students’ schedule, with more content released on weekends;

  • Todd once discussed “sacrificing” Bitcoin; the documentary states this refers to destroying Satoshi’s Bitcoin.

Project News

Radiant proposes to change the release of 200 million RDNT from three years to two years

Radiant Capital initiated a proposal to change the release of 200 million RDNT from three years to two years.

The proposal stated that the initial release plan was designed when the RDNT price was $0.3, but due to various reasons the price has fallen to $0.072, reducing Radiants ability to attract liquidity. In order to increase the annual interest rate and attract users, it is proposed to release the tokens in advance.

The current proposal approval rate is 91.45% and will end on October 15th.

Aethir Foundation will increase ATH rewards from November 1, 2024 to June 2025

The Aethir Foundation announced an increase in ATH rewards. From November 1, 2024 to June 2025, users can earn an average of 100 ATH tokens per day for each eligible Aethir Edge device connected to the network (based on uptime and bandwidth). This initiative aims to incentivize more users to contribute idle computing resources and enhance the overall capacity and performance of the network.

The Aethir Foundation announced that it will increase ATH rewards to further enhance the capabilities of the Aethir Edge network and support the growing demand for decentralized edge computing. The program is powered by the Aethir Edge computing network and focuses on enterprise social media and AI. Aethir Edge provides a decentralized platform that distributes computing resources across devices in the network, providing users with a more efficient and cost-effective alternative to traditional centralized cloud computing. APhone is one of the use cases of Edge, powered by Aethirs decentralized infrastructure. It is a device-agnostic Web3 Cloud Phone that can access social media platforms and DApps with low latency, security, and high performance. Cloud Phone is a key area of development that Aethir is focusing on, leveraging its decentralized edge network to improve scalability, privacy, and reduce costs for individual and enterprise users.

Investment and Financing

Bitlayer completes new round of financing of US$9 million, led by Polychain Capital and others

Bitcoins second-layer network Bitlayer has completed a $9 million Series A expansion financing with a valuation of $300 million. Polychain Capital and Franklin Templeton led the investment, and SCB Limited, Selini Capital, G-20.Group and others participated in the investment. It is reported that the valuation of this round of financing is $300 million, the same as the Series A financing in July. So far, the companys total financing amount has reached $25 million. (TheBlock)

Web3 game studio Dragonz Lab completes $9 million financing, led by Syndicate Capital

Web3 game studio Dragonz Lab announced the completion of a $9 million financing led by Syndicate Capital Limited Partnership Fund (LPF). Dragonz Lab plans to use these funds to further develop the Dragonz Land ecosystem and will launch its token economics and additional features in the coming months. (Chainwire)

VanEck launches $30 million VC fund VanEck Ventures to support crypto and AI

According to The Information, asset management company VanEck has launched a $30 million venture capital fund VanEck Ventures to support the development of the encryption and AI industries, and will invest in early-stage encryption and AI startups. It is reported that the fund has Wyatt Lonergan and Juan Lopez, both of whom are from Circle Ventures.

Character Voice

Bitwise CIO: The US election, economic performance and no market surprises may push BTC above $80,000

Matt Hougan, chief investment officer at crypto asset management firm Bitwise, said the results of the U.S. election, economic performance, and the absence of major crypto industry surprises are the three main factors affecting the possibility of Bitcoin exceeding $80,000 this quarter.

By the end of 2023, Bitwise predicts that Bitcoin will double from $42,400 at the time to more than $80,000 by the end of this year, citing the approval of the U.S. spot Bitcoin ETF and the fourth Bitcoin halving event as catalysts. (TheBlock)

Shenyu: The most unfortunate thing in life is that you may make a mistake in your words but it will not bring you any disaster, and you may make a mistake in your plan but it will lead to failure.

Bitfish (@bitfish 1) posted on the X platform, The most unfortunate thing in life is that you occasionally make a mistake in your words, but no harm comes to you; you occasionally make a mistake in your plan, but your job is successful; you occasionally act recklessly and gain a small profit. Later, you regard it as normal and dont care about it. Then the greatest trouble will arise from this.

Earlier news, Lookonchain posted on the X platform that due to a phishing attack, a certain address lost 12,083.6 spWETH (about 32.33 million US dollars).

According to Arkham, the wallet may be related to Cobo co-founder and CEO Shenyu (@bitfish1).

Citi: It is unlikely that the Fed will skip a rate cut in November, and each meeting will cut by at least 25 basis points

Citi analysts said in a report that although recent labor market data may have caused some market participants to reconsider their expectations for the Feds rate cuts, it is unlikely that the Fed will skip a rate cut during the November meeting. Although non-farm payrolls increased sharply by 254,000 last Friday, higher than the 140,000 expected by economists, analysts pointed out that we suspect that the strong employment report released last Friday may not be sustained. Citi pointed out: The previous series of weak labor market data has led the market to expect that the Fed will cut interest rates by at least 25 basis points at each meeting, and may take a larger 50 basis point interest rate cut. (Jinshi)

Matrixport: Bitcoin volatility is expected to decrease further, and options trading may become a profitable strategy in the coming months

Matrixport published a chart saying that a year ago, we predicted that Bitcoins volatility would remain between +/-20% in any 30-day rolling period, meaning that it was less likely to rebound or fall sharply. This provides option sellers with the opportunity to obtain additional premiums, thereby increasing Bitcoins yield.

The strategy only experienced minor temporary losses during two brief periods at the end of Q3 2023 and Q1 2024. With the launch of a Bitcoin spot ETF, volatility is expected to decrease further, making options selling a potentially effective and profitable strategy in the coming months.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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