PA Daily｜The US SEC filed an interim appeal motion on the ruling of the Ripple case; friend.tech completed the seed round of investment, and Paradigm participated in the investment

Today’s news tip:

1.SEC may respond to BlackRock and Bitwise Bitcoin spot ETF on September 1

2. The U.S. SEC submits an interim appeal motion on the Ripple case ruling

3.friend.tech completed the seed round investment, Paradigm participated in the investment

4. OpenSea stops supporting the BNB smart chain, and users will not be able to add BSC NFT to the list

5. The Cosmos ecological stablecoin protocol Harbor Protocol was attacked, and the team is currently counting the losses

6. Yuga Labs will stop supporting all upgradeable contracts and new series of OpenSea SeaPort

7. Data: DWF Labs transferred 2 million CRVs to Binance, the average purchase price before was $0.4

Regulatory News

Bloomberg analyst: SEC may respond to BlackRock and Bitwise Bitcoin spot ETF on September 1

Bloomberg analyst Eric Balchunas tweeted that the US SEC must respond to BlackRock and Bitwise’s Bitcoin spot ETF application on September 1, but a decision may be delayed.

SBF asks to be released five days a week to prepare for defense

Former FTX CEO SBF asked to be released five days a week to prepare for the defense case. SBF’s attorney, Christian Everdell, said allowing SBF to meet with lawyers and use a laptop with internet access in court was necessary to expedite the proceedings. U.S. Federal Judge Lewis Kaplan decided at a hearing last week in the District Court for the Southern District of New York to revoke the bail of SBF, who is currently being held at the Metropolitan Detention Center in Brooklyn, New York.

U.S. SEC Files Interlocutory Appeal Motion for Ripple Ruling

The U.S. Securities and Exchange Commission (SEC) filed a motion Friday with the U.S. District Court for the Southern District of New York seeking an interlocutory appeal in its legal dispute with Ripple Labs. Yesterday a New York District Court judge granted the SEC’s request for an interlocutory appeal. According to the document, Ripple has until September 1 to file a response to the latest SEC motion. In an accompanying document, the SEC’s lawyers argued that how the court handles the Ripple case could have a “significant impact” on other pending lawsuits, such as those between the SEC and crypto exchanges Binance and Coinbase.

NFT

! [PA Daily｜The US SEC submitted an interim appeal motion on the Ripple case ruling; friend.tech completed the seed round investment, and Paradigm participated in the investment] (https://img-cdn.gateio.im/resized-social/moments-69a80767fe -280d7a7372-dd1a6f-1c6801)

OpenSea stops supporting the BNB smart chain, and users will not be able to list BSC NFT

OpenSea tweeted that starting today, users will no longer be able to list BSC NFT or provide new quotations, but they can still view, search and transfer BSC NFT. As the market continues to evolve, resources need to be focused on the most promising projects, the team said. They believe that the cost of continuing to support the BNB Smart Chain (BSC) outweighs the rewards, so they decided to terminate their support for BSC.

Yuga Labs will stop supporting all upgradeable contracts and new series of OpenSea SeaPort

According to official news, Yuga Labs announced that it will gradually stop supporting all upgradeable contracts and any new series of OpenSea SeaPort. OpenSea announced yesterday that it will shut down its royalty enforcement tool “Operator Filter” on August 31 and will move to implementing an optional creator fee model.

Project News

Tether CTO: Keet is testing the mobile application, which can realize P2P voice calls and other functions

Tether Chief Technology Officer Paolo Ardoino said that Keet, a mobile application, is being tested. The application will provide true P2P voice calls, blind mirroring and product stability. Once released, the team will focus on features, integrations, and the P2P plugin marketplace. The app will be free forever, with no centralized infrastructure.

In the previous 2022 news, Tether, Bitfinex and Hypercore open source protocol teams jointly launched the peer-to-peer communication application Keet based on the underlying technology Holepunch. Keet only shares end-to-end encrypted data between call participants, video operates over a direct connection without the use of performance-limiting servers, and instead of waiting for uploads when sharing files with Keet, other peer-to-peer participants can instantly stream from the source download. Additionally, Keet has built-in Bitcoin Lightning and USDT micropayments. Holepunch aims to make Hypercore more accessible, providing a set of easy-to-use, collaborative P2P data structures that allow developers to focus primarily on building applications without having to be networking or P2P experts.

The Cosmos Ecological Stablecoin Protocol Harbor Protocol was attacked, and the team is currently counting the losses

Harbor Protocol, the Cosmos ecological cross-chain stablecoin protocol, tweeted that Harbor Protocol has been exploited in the past few hours, causing stablecoin minting and part of the funds in stOSMO, LUNA and WMATIC vaults to be exhausted. The Harbor team is working to estimate the total damage caused, investigate the attackers and track the funds, and will issue a detailed incident report later. From the information gathered so far, the attackers used the following address to perform all operations: comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5

DeFi lending protocol Exactly Protocol to lift suspension

The DeFi lending agreement Exactly Protocol stated that the agreement will lift the suspension at 7:51 (Beijing time) on August 20, and said that relevant measures have been taken to strengthen the process.

Previously, Exactly Protocol was attacked. According to the security agency De.Fi, Exactly Protocol has lost more than 7,160 ETH (about 12.04 million U.S. dollars), and then announced that the agreement is temporarily suspended, and users can still withdraw assets.

Investment and Financing

friend.tech Completes Seed Round Investment, Paradigm Participates

friend.tech tweeted that it has completed the seed round investment, and Paradigm participated in the investment. Earlier this year, friend.tech also partnered with Paradigm to build new online social interaction tools. In addition, friend.tech said that it has issued the first airdrop of Friday points to 44,000 users, and will also distribute 100 million points during the six-month test phase. Each airdrop will be carried out on Friday, and the points will be recorded off-chain and will be Has a special purpose after the testing phase is over. friend.tech said that the airdrop will refer to the user’s activity before every Thursday, and the standard will be updated every week. Users are not advised to use any particular method to earn Points. If something goes wrong, friend.tech reserves the right to amend previous point distribution.

Important data

Data: friend.tech’s transaction volume exceeds 10,000 ETH, and the protocol revenue reaches 500 ETH

According to Dune data, the total transaction volume of friend.tech reached 11345.3 ETH, the agreement income reached 515.7 ETH, there were more than 35,000 buyers, and the total market value of the user’s “personal stock” reached 5736.2 ETH.

According to previous news, friend.tech tweeted that it has completed the seed round investment, and Paradigm participated in the investment.

Data: DWF Labs transferred 2,000,000 CRVs to Binance, the previous average purchase price was $0.4

Ember, an analyst on the chain, monitored that DWF Labs transferred part of the CRV (2 million pieces, worth about $1 million) purchased from the founder of Curve in an over-the-counter transaction to Binance 20 minutes ago.

It is reported that DWF Labs spent 5 million USDT on August 1 to purchase 12.5 million CRV from the founder of Curve through over-the-counter transactions at a price of 0.4 US dollars.

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