Currency Daily 2022.09.02

🧠 Dear Readers:

Crypto.com backs down on $495M sponsorship of UEFA Champions League! OpenSea says it will not support any forked NFTs.

Other headlines today include:

• Is Binance a Chinese company? CEO CZ spoke back in person!
• FTX US Derivatives adds a former U.S. Commodity Futures Trading Commission (CFTC) commissioner to its board of directors to assist with corporate oversight efforts.
• The decentralized exchange 1inch airdropped 300,000 OP tokens to Optimism users.

Today's big guys' opinions are: Binance CEO CZ shows you the data - our trading volume is much higher than that of our competitors! Twitter's popular account Patrick teaches you how to find Alpha on Twitter!

✨ The latest news in the currency circle

≣ Crypto.com drops $495M sponsorship deal for UEFA Champions League

Crypto.com has announced sponsorships for stadiums and teams in the past, and spent millions of dollars on advertising hype.

But it pulled out at the last minute from a $495 million sponsorship deal with the Union of European Football Associations (UEFA) over concerns over the impact of British, French and Italian regulators on the exchange's license.

≣ OpenSea says it will not support forked NFTs

The NFT platform OpenSea stated that the team will not actively speculate on whether there will be a fork after the merger of Ethereum. They will only support NFTs on the PoS blockchain in the future. If there are any forked NFTs, they will not be considered on the platform.

Further reading: NFT does not follow suit! OpenSea promises to support only PoS Ethereum version NFTs .

≣ FTX US Derivatives Adds Former CFTC Commissioner to Board

Futures exchange FTX US Derivatives said former CFTC (Commodity Futures Trading Commission) commissioner Jill Sommers has joined the board to help strengthen the company's oversight efforts.

Jill Sommers was co-nominated by two former presidents Bush and Obama in the past, confirmed by the U.S. Senate twice, and served two consecutive terms as Commissioner of the Commodity Futures Trading Commission. In addition, he served as policy director and head of government affairs for the International Swaps and Derivatives Association (ISDA), and regulatory affairs for the Chicago Mercantile Exchange.

≣ Binance Exchange CEO CZ Responds to Foreign Media Questions

Binance CEO CZ published an article on the official website "Who is Chen Guanying? Binance is a Chinese company?" In response to foreign media 's questions, he said on Twitter : "I am not a Chinese citizen, I have been a Canadian for more than 30 years, currency An is not a Chinese company.”.

≣ Celsius user goes to court to get $22.5 million back

Lending platform Celsius Network suspended user withdrawals in June and filed for bankruptcy protection in July. Recently, an escrow account holder petitioned the court to return their funds . According to the documents, the escrow account has a total of 64 holders, with about $22.5 million in custodial assets.

Celsius said that the funds for Earn and Borrow’s products are not bankruptcy estate, and customers in escrow accounts still retain ownership of their crypto assets.

≣ 1inch announced that it will airdrop 300,000 OP tokens to Optimism users

The decentralized exchange 1inch announced that it will reward users who have used Optimism, the Ethereum Layer 2 scaling solution, on 1inch, and will airdrop 300,000 OP tokens on September 1.

😎 The opinion of the big guy in the currency circle

• Binance CEO CZ: "The data is here! We lead the crypto market! "

According to CryptoCompare data, Binance’s spot trading volume accounts for 55% of the entire market, while rivals Coinbase and FTX account for less than 10%.

• Well-known Twitter account Steve: " Let's talk about the "myth" of Moonbirds! "

The parent company of Moonbirds, a well-known NFT blue-chip project, announced the launch of a new NFT project, Mythics, with a total of 20,000 pieces. There are two ways to get this cool thing: first, by burning Moonbirds Oddities, you can burn 25 per day; second, you hold Moonbirds, and 25 random Moonbirds can hatch Mythics every day.

It was previously reported that PROOF, the parent company of Moonbirds, completed a $50 million financing, led by a16z.

• Popular Twitter account Patrick: " Teach you a trick! Find Alpha on Twitter! "

After you find the coins that have risen recently, use Twitter's "Advanced Search" function to see which coins people are talking about!

📈 On-chain data analysis

≣ Dune Analytics: ETH 2.0 Deposits

According to Dune Analytics data, a total of $20 billion worth of ETH has been locked into ETH 2.0 so far, with 13 million transfers and more than 79,000 depositors.

≣ Dune Analytics: Aave, MakerDAO, Compound deposits, loans and LTV performance

After the bear market and the bankruptcy of the centralized lending platform Celsius, the popularity of decentralized lending platforms has also declined sharply.

According to Dune Analytics data, the deposits of the three lending platforms have all dropped significantly. Among them, the loan status of MakerDAO has not changed much, and its LTV is healthy. And Compound's LTV is negative.

LTV (Loan to Value), translated as pledge rate , is an indicator to measure lending risk, calculated as the ratio of the nominal value of the loan amount to the market value of the collateral. If the pledge rate of the loan is high, it means that the financial risk of the loan is also very high.

🐶 Daily currency circle memes / memes

📝 Daily Crypto Terms

≣ What are FTX US Derivatives?

The following excerpt is from PR Newswire

FTX US Derivatives is a digital currency futures and options exchange and clearing house regulated by the U.S. Commodity Futures Trading Commission (CFTC). FTX US Derivatives is available 24x7 for retail and institutional investors and provides institutional investors with physical settlement, block trading and algorithmic trading opportunities for all contracts, with direct access to all traders.

📈 Cryptocurrency prices rise and fall

≣ Crypto Fear and Greed Index at 25 (Extreme Fear)

≣ Cryptocurrency price performance

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