Coin Circle Daily 2022.09.15｜Five minutes to master the global blockchain

Dear Reader:

The Merge of Ethereum will start in the afternoon of Taiwan time, with a countdown timer ; Korean prosecutors have issued arrest warrants for Do Kwon and others, arguing that they violated capital market laws; FTX will acquire 30% of Tianqiao Capital, which means SBF’s crypto empire is on the map again.

Other headlines today include:

• Coinbase can blacklist your staked ether.
• BNB Chain and Google Cloud work together to support the blockchain industry.
• New York's Museum of Modern Art considers buying NFTs to create digital world influence.
• Tesla launches whistle "can only be bought with Dogecoin".

Today’s opinion of the big guys in the currency circle, crypto investor light crypto questioned LUNC’s coin burning tax; Robert Kiyosaki, the author of the best-selling book on wealth management “Rich Dad, Poor Dad”, claimed that the biggest crash in the history of the world is coming, calling on everyone to step up Step into the cryptocurrency space.

✨ The latest news in the currency circle

≣ South Korean prosecutors issue arrest warrant for Terra founder Do Kwon

South Korean prosecutors recently filed an application with the Seoul Southern District Court to issue arrest warrants for Terraform Labs founder Do Kwon and five others . They detonated the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin UST in May of this year.

In addition to the original fraud charges, prosecutors determined that the cryptocurrencies Terra and LUNA are securities, so Do Kwon and others also face charges of violating the Capital Markets Act.

≣ FTX Ventures acquired a 30% stake in Tianqiao Capital, and SBF’s encrypted territory has another success

FTX Ventures, the venture capital arm of FTX, will acquire a 30% stake in Skybridge Capital . Flyover Capital, founded by former White House communications director Anthony Scaramucci, manages half of the $3.5 billion in funds in the cryptocurrency market.

≣ BNB Chain and Google Cloud join hands to support the blockchain industry

Binance Exchange’s smart contract blockchain platform BNB Chain has teamed up with Google Cloud to support Web3 and blockchain startups.

The future can see more than 1,300 active BNB chain-based decentralized applications (DApps) from the digital world such as decentralized finance (DeFi), metaverse (metaverse), blockchain games, and NFTs. Developers can use the tools and infrastructure services provided by both platforms at the same time.

≣ Coinbase's cbETH smart contract features blacklisting

Foreign media reported that Coinbase Wrapped Staked ETH (cbETH) smart contracts have a blacklist function , which means that if Coinbase believes an account violates user agreements or legal norms, it can freeze customer funds. This feature has sparked dissatisfaction and criticism from some in the crypto community.

≣ MoMA considers buying NFTs with $70 million in auction proceeds

New York's Museum of Modern Art (MoMA) plans to sell a collection of art collected by "father of CBS" William S. Paley, which has been in its possession since his death in 1990 , worth up to $70 million.

Glenn Lowry, director of the museum, said that due to the sharp drop in the number of visitors due to the epidemic period, the museum has set up a team to pay close attention to the digital art market and is considering purchasing NFT art creations with part of the proceeds from the auction , in order to build the museum's influence in the digital world. .

≣ Tesla launches Cyberwhistle, a whistle "can only be purchased with Dogecoin"

Electric car maker Tesla (Tesla) has launched a whistle called Cyber The price is 1000 Dogecoin, which is equivalent to $60.

≣ Following MakerDAO's DAI Algorithmic Stablecoin Model, Russian Millionaire Will Launch Ruble Stablecoin

Alexander Lebedev, a former Russian banker and publisher of British newspapers The Independent and Evening Standard, has launched a decentralized finance (DeFi) startup called InDeFi, which plans to launch on the Ethereum blockchain A ruble-pegged stablecoin that will be enforced by over-collateralized decentralized smart contracts compared to MakerDAO's DAI algorithmic stablecoin system .

According to Alexander Lebedev, the crypto-ruble program will not only make it easier for Russian citizens to connect with international cryptocurrency exchanges, but, after the legislation, will also facilitate international trade in cryptocurrencies. The project has nothing to do with the Russian central bank's digital ruble policy.

≣ Binance: If Ethereum generates a new chain, it will support the forked coin ETHW, and the deposit and withdrawal of ETH will be suspended 1 hour before the merger

Binance announced that it will suspend deposits and withdrawals on the Ethereum network (ERC-20) one hour before the Ethereum merger.

If a hard fork occurs and a new chain is created, the code for the Ethereum Proof of Work (PoW) mainnet and its forked tokens will be ETHW . If the ETHW chain persists, Binance will assist all users who hold ETH and WETH in their Binance accounts with all technical requirements involved and credit the forked token ETHW to eligible coins on a 1:1 basis in the account. Distribution details will be announced separately.

😎 The opinion of the big guy in the currency circle

• Crypto investor light crypto: “ LUNC is a deprecated blockchain built around a Ponzi scheme, and its core goal must be to enrich insiders .”

He shared his views on LUNC on Twitter, summed up 12 arguments , and questioned the LUNC burning tax.

• Changpeng Zhao, founder of Binance Exchange: “ Paris is already the center of crypto finance .”

Exchange leader Binance held its Blockchain Week for three consecutive days in Paris, France. Opening the session, Binance founder Changpeng Zhao (CZ) talked about the opportunities of cryptocurrencies in France, where he believes that the French crypto industry will “explode” in the next five years , which will be attributed to lower tax rates and friendly Employment regulations.

Note: Brother Brain is also participating in this event in Paris, you can follow <Brother Brain Chill Blockchain> IG to receive first-hand live news!

• Robert Kiyosaki, author of the best-selling financial management book "Rich Dad, Poor Dad": " I predict that the biggest crash in the history of the world is coming... "Wanting" is not enough, now you must hurry into the embrace of cryptocurrency . "

Robert Kiyosaki told his "Rich Dad Community" subscribers on Sunday that he must step into the cryptocurrency space before the biggest economic crash in history.

📈 On-chain data analysis

≣ NFTScan:​​Doodles NFT transaction volume increased by 9 times in the past 24 hours

​​Before the deadline, the trading volume of Doodles NFT in the last 24 hours was 1506 ETH, with a single-day increase of 904% . A total of 172 transactions were completed within 24 hours, the average transaction price was 8.75 ETH, and the current floor price was 7.5 ETH.

Doodles has raised $54 million at a valuation of $704 million , as previously reported.

≣ Etherscan: "Big Brother Maji" Huang Licheng's 800,000 APEs were all cleared

"Big Brother Maji" Huang Licheng, a long-term supporter of the BAYC ecosystem, has emptied his 800,000 APE tokens in his wallet address starting with 0x020c and transferred all of them to Binance Exchange.

Huang Licheng posted a number of tweets in August, scolding ApeCoin for its extremely corrupt community governance, and successively sold off his BAYC, MAYC, and APE tokens.

🐶 Daily currency circle memes / memes

How many doses have you taken? How many times have you been pinned?

📝 Daily Crypto Terms

≣ Introducing Do Kwon and Terraform Labs

The following excerpts are from the digital age

Do Kwon, 30, is a young Korean entrepreneur who graduated from Stanford University and worked as an engineer in technology giants such as Microsoft and Apple. He founded Terraform Labs in 2018 and created two cryptocurrencies, UST and LUNA.

Terraform Labs has received about $200 million in financing from investors such as Lightspeed Venture Partners and Galaxy Digital to help build the Terra blockchain ecosystem. Before the price crash in May this year, LUNA’s market value reached more than $40 billion, attracting many cryptocurrency investors to participate.

Terra's "death spiral" collapse event cast a shocking bomb on the cryptocurrency field, reminding all sectors of the hidden crisis of cryptocurrency. U.S. Treasury Secretary Janet. Janet Yellen took the collapse of the UST as an example, calling on the United States to regulate cryptocurrencies as soon as possible.

📈 Cryptocurrency prices rise and fall

≣ Crypto Fear and Greed Index at 28 (Fear)

≣ Cryptocurrency price performance

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