Arrangement: Fairy, ChainCatcher
Important Information:
Worldcoin changed its name to World Network and announced that World Chain has been launched on the mainnet
OKX will launch Banana Gun (BANANA) spot trading
DBS launches 'token service' to enable blockchain-based banking
Binance will end Scroll (SCR) pre-market trading and list spot trading to add seed tag
Data: Morgan Stanley holds nearly $300 million worth of Bitcoin spot ETFs
New filings show Trump family will receive 75% of WLFI's net income and bear no liability
“What important events have occurred in the past 24 hours?”
OKX will launch Banana Gun (BANANA) spot trading
According to the official announcement, OKX will launch Banana Gun (BANANA) spot trading, and the spot trading of BANANA/USDT will be opened at 18:00 on October 18, 2024, Beijing time.
BNB Beacon Chain will stop running on November 19
BNB Chain announced that the BNB beacon chain hard fork will take effect at 14:00 on November 19, 2024 (block height 384,544,850). Nodes on the BNB beacon chain mainnet must be updated to version 0.10.24. At that time, the BNB beacon chain will stop running and new transactions will no longer be processed.
DBS launches 'token service' to enable blockchain-based banking
Singapore’s DBS Bank has launched a new suite of services called “DBS Token Services”, with the new banking products combining tokenization and smart contract-enabled capabilities with its existing banking services.
According to the statement, DBS Token Services integrates the bank’s Ethereum Virtual Machine-compatible permissioned blockchain, its core payments engine and multiple industry payments infrastructures.
In addition, smart contracts enable institutions to programmatically manage the use of funds. Specifically, new services include Treasury Tokens, Conditional Payments, and Programmable Rewards.
DBS Token Services enables companies and public sector entities to “optimise liquidity management, streamline operational workflows, enhance business resilience, and open up new opportunities for end-customer or end-user engagement”, said Lim Soon Chong, group head of global transaction services at DBS Bank.
South Korean exchange Upbit partner bank K Bank withdraws $700 million IPO
Online lender K Bank has withdrawn its more than $700 million initial public offering in Seoul, Bloomberg reported. It had planned to price the offering on Friday and debut on October 30. A successful listing would have made it South Korea’s largest IPO in more than two and a half years, valuing the bank at up to 5 trillion won ($3.6 billion). The bank plans to resume its IPO early next year.
The withdrawal comes following concerns about its valuation and its reliance on deposits at cryptocurrency exchanges. K Bank has rapidly expanded its customer base by partnering with Upbit, South Korea’s largest cryptocurrency exchange, but its contract with the exchange is set to expire in October next year.
Upbit’s deposits accounted for 16.8% of K Bank’s total deposits as of the end of June. K Bank said in its IPO prospectus that failure to renew partnerships with key strategic partners could weaken the competitiveness of its platform.
Worldcoin: Launching the “Verified Passport” as the new World ID credential
During the Worldcoin livestream, officials announced the launch of the “Verified Passport” as a new World ID credential. The credential allows users with specific government-issued IDs to have limited access to the World Network and its benefits, including applying for Worldcoin grants, without fully verifying their human identity.
Binance will end Scroll (SCR) pre-market trading and list spot trading to add seed tag
According to the official announcement, Binance will end the pre-market trading of Scroll (SCR) at 17:00 (ET on October 21, 2024), and open the spot trading pairs of SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY at 16:00 (ET on October 22, 2024). The SCR deposit channel is now open, and the SCR withdrawal is expected to be opened at 16:00 (ET on October 23, 2024), and the transfer function will be restored before 18:00 (ET on October 21, 2024). Seed tags will be applied to SCR.
New filings show Trump family will receive 75% of WLFI's net income and bear no liability
According to CNBC, the Trump family's crypto project World Liberty Financial (WLF) released a 13-page "World Liberty Gold Paper" document, which details the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net proceeds without any responsibility.
According to the document, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement revenue. The Trump family will receive 22.5 billion WLFI tokens, which are worth about $337.5 million based on the issue price of 1.5 cents this week. The document emphasizes that Trump and his family members are not directors, employees, managers or operators of WLF or its affiliates, and states that the project and tokens are "not related to any political activities."
The remaining 25% of the net agreed proceeds will go to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to assign half of its rights to WC Digital Fi, a company affiliated with Trump confidant and political donor Steve Witkoff and some of his family members.
Data: Morgan Stanley holds nearly $300 million worth of Bitcoin spot ETFs
According to Bitcoin Magazine, the latest U.S. SEC documents show that Morgan Stanley holds $272.1 million worth of Bitcoin spot ETFs.
Worldcoin changed its name to World Network and announced that World Chain has been launched on the mainnet
Worldcoin, a digital identity project supported by OpenAI CEO Sam Altman, announced that it would be renamed World Network (World for short) and officially launched its Ethereum Layer 2 blockchain mainnet World Chain.
World Network said that as the project scales up and the World ID human proof protocol becomes more important, "Worldcoin" can no longer fully summarize the project's mission. The new brand World consists of three core pillars: World Chain, World ID and Worldcoin tokens, aiming to build a network of real, verified humans to promote the advancement of artificial intelligence.
World Chain is a "human-only" community built on OP Stack, providing more practical applications, lower gas fees, and will allow users to participate in the development direction of World Chain in the future. Well-known projects such as Optimism, Alchemy, Uniswap, Safe, Dune and Etherscan will support the launch of this blockchain.
"What are the interesting articles worth reading in the past 24 hours?"
A quick look at the top 25 BTC holdings of listed companies, looking for the secret to success in "both crypto and stock cultivation"
Bitcoin has become a "new driving force" for the growth of listed companies' stock prices. Microstrategy's stock price has been rising, and its annual investment performance is even better than BTC; Metaplanet followed closely behind, and its "copycat" operation helped push its stock price up by as much as 480%.
On October 15, according to media reports, Metaplanet, a Japanese listed company, doubled its BTC holdings this month, buying more than 450 bitcoins in four operations, and the daily stock price rose as high as 15.7%. As of now, its total BTC holdings have reached 855.5. More and more listed companies choose to regard BTC as an "anti-inflation asset" to diversify the risk of fluctuations in the value of the currency they hold.
Conversation with EigenLayer founder: Can it get out of trouble with $11 billion in deposits and its role in Ethereum?
In an exclusive interview with Sreeram Kannan, founder of re-staking protocol EigenLayer, he talked about the protocol’s explosive launch and the lessons learned from the controversy following EigenLayer’s launch.
In the year since its launch in June 2023, EigenLayer has achieved the kind of start that many crypto projects dream of.
EigenLayer has accumulated about $20 billion in user deposits, and its parent company received a $100 million investment from a16z.
Even better, the project has quickly proven its worth: According to founder Sreeram Kannan, more than 100 projects have flocked to EigenLayer, including crypto exchange Kraken and interoperability protocol developer LayerZero Labs.
But EigenLayer may have gone too far, with a series of controversies, including allegations that it had tried to buy off some influential (and key) crypto researchers.
Mechanism Captital: Why do we think zkTLS is an opportunity now?
The world is deficient in verifiability. Many simple things we do in both physical and digital space are difficult to prove in a decentralized and adversarial environment.
HTTPS has limited authentication capabilities. You can only verify the authenticity of the data if you access it yourself. If you try to show the data to a third party, you lose authentication because the third party cannot confirm that the content is a legitimate copy of what you are seeing.
Web3 faces a chicken and egg problem where all related internet activity is isolated. There is no bridge between Twitter and Instagram, no bridge between Instagram and Zora, and no bridge between Spotify and Sound.xyz. This may be ok for early adopters, but it is a big challenge for time-sensitive users.
zkTLS, or zero-knowledge transport layer security, provides a way to solve the data provenance problem without sacrificing privacy. It is a zero-knowledge proof built on top of the TLS protocol.
