At the KBW Builder House event in South Korea, Relation released its new product, the Relation Graph. This product aims to aggregate huge social data resources in Web2 and Web3, connect various online social identities, and build a unified and efficient graph data engine. With Relation Graph, developers will access social graph data more effectively, optimize the development process of application products, and realize pan-social product innovation. Relation will gradually open the map data e...

At the KBW Builder House event in South Korea, Relation released its new product, the Relation Graph. This product aims to aggregate huge social data resources in Web2 and Web3, connect various online social identities, and build a unified and efficient graph data engine. With Relation Graph, developers will access social graph data more effectively, optimize the development process of application products, and realize pan-social product innovation. Relation will gradually open the map data e...

The Intelligent Crime Investigation Team of the Investigation Division of the Former Western Police Station in Gyeongnam, South Korea stated that it has arrested 11 people in a cryptocurrency investment fraud case involving 110 billion won (about 82.95 million U.S. dollars), and the gang has a total of 22 people. According to the police, the gang promised to provide high profits of 300% for its customers' cryptocurrency investments, but failed to declare its financial business to the reg...

The Intelligent Crime Investigation Team of the Investigation Division of the Former Western Police Station in Gyeongnam, South Korea stated that it has arrested 11 people in a cryptocurrency investment fraud case involving 110 billion won (about 82.95 million U.S. dollars), and the gang has a total of 22 people. According to the police, the gang promised to provide high profits of 300% for its customers' cryptocurrency investments, but failed to declare its financial business to the reg...

RBC analyst Atul Bhatia said in a report this week that the Federal Reserve will take an incremental approach in developing a CBDC, or digital dollar. Instead of issuing a full-fledged retail and wholesale CBDC, Bhatia believes the Fed may take a more cautious approach. The risks associated with a digital dollar make it unlikely the Fed will issue a CBDC in the near future, the analyst added. Commercial bank accounts and physical cash will likely remain at the heart of the U.S. financial arch...

RBC analyst Atul Bhatia said in a report this week that the Federal Reserve will take an incremental approach in developing a CBDC, or digital dollar. Instead of issuing a full-fledged retail and wholesale CBDC, Bhatia believes the Fed may take a more cautious approach. The risks associated with a digital dollar make it unlikely the Fed will issue a CBDC in the near future, the analyst added. Commercial bank accounts and physical cash will likely remain at the heart of the U.S. financial arch...

Stablecoin protocol Lybra Finance launches peUSD (pegged to eUSD) on Arbitrum One. peUSD is a full-chain, DeFi practical version of the interest-bearing stablecoin eUSD. eUSD and peUSD can be exchanged at a ratio of 1:1 through the agreement. peUSD offers compatibility with DeFi protocols ranging from lending to margin trading. In previous news, the stablecoin protocol Lybra Finance launched the v2 testnet on Arbitrum.

Stablecoin protocol Lybra Finance launches peUSD (pegged to eUSD) on Arbitrum One. peUSD is a full-chain, DeFi practical version of the interest-bearing stablecoin eUSD. eUSD and peUSD can be exchanged at a ratio of 1:1 through the agreement. peUSD offers compatibility with DeFi protocols ranging from lending to margin trading. In previous news, the stablecoin protocol Lybra Finance launched the v2 testnet on Arbitrum.

The Aave community has passed the on-chain vote for the proposal of "Funding Aave Robots for Automated Governance V2", which will be implemented within 4 hours. The proposal aims to use LINK tokens in the Aave Collector contract to fund the operating costs of Aave robots, which will help automate some permissionless actions of Aave governance V2 and improve the overall effectiveness of Aave governance. The proposal would transfer a total of: 1275 aLINK (approximately $7500) from collector con...

The Aave community has passed the on-chain vote for the proposal of "Funding Aave Robots for Automated Governance V2", which will be implemented within 4 hours. The proposal aims to use LINK tokens in the Aave Collector contract to fund the operating costs of Aave robots, which will help automate some permissionless actions of Aave governance V2 and improve the overall effectiveness of Aave governance. The proposal would transfer a total of: 1275 aLINK (approximately $7500) from collector con...

This week’s Bitfinex Alpha report said 40% of the bitcoin supply has not changed in more than three years, an all-time high for the metric. Using the “Coin Days Destroyed” metric, the report found that long-lived digital assets are largely dormant on-chain. “This behavior hints at broader optimism and potential resilience against market volatility,” Bitfinex analysts said. Bitfinex referred to the August 17 Bitcoin flash crash, which resulted in over $1 billion in liquidations and caused BTC ...

This week’s Bitfinex Alpha report said 40% of the bitcoin supply has not changed in more than three years, an all-time high for the metric. Using the “Coin Days Destroyed” metric, the report found that long-lived digital assets are largely dormant on-chain. “This behavior hints at broader optimism and potential resilience against market volatility,” Bitfinex analysts said. Bitfinex referred to the August 17 Bitcoin flash crash, which resulted in over $1 billion in liquidations and caused BTC ...

ConsenSys lawyer Bill Hughes tweeted that the judge of the U.S. District Court for the Southern District of New York clearly ruled in the class action ruling against Uniswap on August 29 that Ethereum is a commodity, not a security. Additionally, the judge implied that Wrapped BTC is a commodity, but did not explicitly state this. According to previous news, a judge of the Southern District Court of New York dismissed a class action against Uniswap, Paradigm, etc. The plaintiff had tried to h...

ConsenSys lawyer Bill Hughes tweeted that the judge of the U.S. District Court for the Southern District of New York clearly ruled in the class action ruling against Uniswap on August 29 that Ethereum is a commodity, not a security. Additionally, the judge implied that Wrapped BTC is a commodity, but did not explicitly state this. According to previous news, a judge of the Southern District Court of New York dismissed a class action against Uniswap, Paradigm, etc. The plaintiff had tried to h...

Bitcoin mining company MarathonDigital released an unaudited update on Bitcoin production and mining operations in August: Bitcoin production in August was 1,072, a 9% decrease from July and a five-fold increase from August last year. Year-to-date 7,368 bitcoins have been produced. The reduction in Bitcoin production in August was mainly due to the high temperature in Texas. In August, the operating hash rate of Marathon in the United States increased by 2% month-on-month to 19.1 EH/s, and th...

Bitcoin mining company MarathonDigital released an unaudited update on Bitcoin production and mining operations in August: Bitcoin production in August was 1,072, a 9% decrease from July and a five-fold increase from August last year. Year-to-date 7,368 bitcoins have been produced. The reduction in Bitcoin production in August was mainly due to the high temperature in Texas. In August, the operating hash rate of Marathon in the United States increased by 2% month-on-month to 19.1 EH/s, and th...

OP Labs has hired former Google general manager Prithvi Subburaj as chief operating officer. Prithvi Subburaj has held software engineering leadership roles at Google, most recently Google Fi, a wireless subscription service, where he spent more than 15 years at Google. Optimism co-founder Karl Floersch recently transitioned to CEO of OP Labs. Subburaj is the first executive hired since the leadership change.

OP Labs has hired former Google general manager Prithvi Subburaj as chief operating officer. Prithvi Subburaj has held software engineering leadership roles at Google, most recently Google Fi, a wireless subscription service, where he spent more than 15 years at Google. Optimism co-founder Karl Floersch recently transitioned to CEO of OP Labs. Subburaj is the first executive hired since the leadership change.

All witnesses proposed by FTX founder Sam Bankman-Fried (SBF) should be disqualified from testifying because their disclosure documents were insufficient, their experience could be misleading, or Their planned testimony may not be relevant. The SBF witnesses opposed by U.S. prosecutors include British barrister Lawrence Akk, Thomas Bishop and Joseph Pimbley who work for different consulting firms, data analysis and forensics expert Brian Kim, Capital University Law School law professor Bradle...

All witnesses proposed by FTX founder Sam Bankman-Fried (SBF) should be disqualified from testifying because their disclosure documents were insufficient, their experience could be misleading, or Their planned testimony may not be relevant. The SBF witnesses opposed by U.S. prosecutors include British barrister Lawrence Akk, Thomas Bishop and Joseph Pimbley who work for different consulting firms, data analysis and forensics expert Brian Kim, Capital University Law School law professor Bradle...

Crypto investment firm Coin98 Ventures is rebranding to Arche Fund in light of its growing influence and broader goals. Arche Fund will provide services according to the specific requirements, stages and scale of the Web3 project, and support the development of the Web3 field through the three modules of Web3 venture capital company Arche Ventures, Web3 native accelerator application Kompass, and Arche Capital. It is reported that in January 2021, the blockchain company Coin98 Finance decided...

Crypto investment firm Coin98 Ventures is rebranding to Arche Fund in light of its growing influence and broader goals. Arche Fund will provide services according to the specific requirements, stages and scale of the Web3 project, and support the development of the Web3 field through the three modules of Web3 venture capital company Arche Ventures, Web3 native accelerator application Kompass, and Arche Capital. It is reported that in January 2021, the blockchain company Coin98 Finance decided...

U.S. federal prosecutors are challenging allegations made by FTX founder SBF about evidentiary documents, according to a court filing on Tuesday. On Friday, SBF asked the U.S. District Court for the Southern District of New York to bar a trove of documents from being used as evidence in its October trial after prosecutors provided its defense team with "millions of pages" of documents in the two months leading up to the trial. Prosecutors countered that the complaint was "misleading" and that...

U.S. federal prosecutors are challenging allegations made by FTX founder SBF about evidentiary documents, according to a court filing on Tuesday. On Friday, SBF asked the U.S. District Court for the Southern District of New York to bar a trove of documents from being used as evidence in its October trial after prosecutors provided its defense team with "millions of pages" of documents in the two months leading up to the trial. Prosecutors countered that the complaint was "misleading" and that...