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Multichain on Fantom Network Encounters Suspected Attack | Cryptocurrency Trends

Pat, Bitget Research
2023/07/07
Multichain on Fantom Network Encounters Suspected Attack | Cryptocurrency Trends

1. Mainstream Exchange Trends:

● CZ responds to senior executives resigning: "There is turnover at every company".
● Three senior executives leave Binance over the week.
● FTX to postpone the sale of its Japanese subsidiary, seeking to sell the entire group to increase the sale price.
● Binance to deactivate some deposit addresses and destination tags in Q3.
● Defunct crypto exchange Hotbit releases an asset allocation plan of around US$16 million.
● Binance's 8th Proof of Reserves snapshot shows that user BTC and ETH asset deposits have decreased by 3.6% and 4.4%, respectively.
● Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)
OKX lists FXS on July 6, 10:00 AM.

2. Cryptocurrency Trends:

● Suspected attack on Fantom Multichain as over US$100 million worth of tokens were withdrawn.
● Social blockchain DeSo offers a US$1 million bounty for community developers.
● Cathie Wood: if the US SEC loses the "Grayscale v. SEC" case, the chances of approving a Bitcoin spot ETF would increase.
● Uniswap v4 is expected to launch after Ethereum's Cancun upgrade and security audit.
● Threads exceed 10 million registered users in 7 hours of launch.
● Proposal submitted for MakerDAO to deploy Sp ark Lend on Gnosis Chain.
● Lawyers: Spot bitcoin ETF filers and SEC to meet next week.
● Fed releases minutes for its June meeting, which indicate the possibility of a further tightened monetary policy.
● BlackRock CEO: Bitcoin could "revolutionize finance".

3. Financing Trends:

● Decentralized social network Bluesky raises US$8 million in a seed round led by Neo.

4. Regulatory Trends:

● The Beijing International Big Data Exchange launches its digital asset registration platform. Spirit, Shuyuan, and Honnverse become the first platforms to receive registration.
● HK SFC official: The HK SFC will change its view on STO, opening the opportunity to retail investors.
● The KFTC revising its code of conduct to require employees to declare details of their digital asset holdings.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.