ChitCAT #ETH - Fair Launch 🚨
ChitCat is a Meme token with LIVE messaging Dapp based on blockchain technology. After successfully managing to hit 42x on BSC chain, Chitcat is now expanding on ETH chain to bring more eyes on the project. After ETH launch, it will bridge with BSC.
🪙 Pinksale ETH Fairlaunch: https://www.pinksale.finance/launchpad/0xa7dB627999B5CFBD35e74753658C79599f19836b?chain=ETH
✅Already listed on MEXC Global and P2B Exchange
✅OKX Dex listing confirmed
✅2 Top 10 CEX listing at launch (1 has been paid)
✅Babydoge Partnership to be announced (Paid)
✅$PEPE CEX listing marketer Partnership
✅Huge Marketing push with Top Influencers
✅Super Based Team
✅Dapp Live on Mainnet
✅Low Tax
🌐Website: https://chitcat.io/
🐦Twitter: https://twitter.com/Chitcat_
💬Telegram: https://t.me/Chitcat_chat
🎐Medium: https://medium.com/@chitcat
🌍Dapp: https://www.chitcat.xyz/
ChitCat is a Meme token with LIVE messaging Dapp based on blockchain technology. After successfully managing to hit 42x on BSC chain, Chitcat is now expanding on ETH chain to bring more eyes on the project. After ETH launch, it will bridge with BSC.
🪙 Pinksale ETH Fairlaunch: https://www.pinksale.finance/launchpad/0xa7dB627999B5CFBD35e74753658C79599f19836b?chain=ETH
✅Already listed on MEXC Global and P2B Exchange
✅OKX Dex listing confirmed
✅2 Top 10 CEX listing at launch (1 has been paid)
✅Babydoge Partnership to be announced (Paid)
✅$PEPE CEX listing marketer Partnership
✅Huge Marketing push with Top Influencers
✅Super Based Team
✅Dapp Live on Mainnet
✅Low Tax
🌐Website: https://chitcat.io/
🐦Twitter: https://twitter.com/Chitcat_
💬Telegram: https://t.me/Chitcat_chat
🎐Medium: https://medium.com/@chitcat
🌍Dapp: https://www.chitcat.xyz/
Leading cryptocurrency exchange, Binance, has just concluded its first metaverse reality show dubbed “Build The Block.” The show ends with the blockchain project zkPass emerging as the winner, opening the way to several awards from the exchange. zkPass is a decentralized privacy-protecting identity protocol that harnesses Multi-party Computation (MPC) and Zero-knowledge Proof (ZKP) technology to enable users to prove their verifiable data in the Web2 and Web3 networks.
According to a press release shared with CryptoPotato, Binance awarded zkPass as the winner of its show after the protocol’s founding members received the highest votes throughout the seven-episode competition featuring 12 finalists. The purpose of the metaverse-hosted show is to search for the next big Web3 business tycoon. Aside from zkPass, four other projects that partook in the “Build The Block” contest were rewarded with investments from Binance Labs. Binance’s commitment to fostering the development of emerging blockchain startups is exemplified by its recent initiative, which builds upon its previous launch of a $500 million fund dedicated to nurturing Web3 companies.
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⭐️A world first insured fundraising Ecosystem with Insurabler.
#DYOR/ NFA
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Elon Musky - Fair Launch Live Now 🚨
Elon's Secret Favorite MEME. The formula is simple: Elon MUSK + HUSKY dog = $MUSKY Bull or bear, we are ready for 1000x. Neither bull nor bear, MUSKY season is coming for you! Buy $MUSKY, join the community let's kill the bear together.🔥
🟣SAFU 🔵AUDIT 🟢KYC 🟡DOXX
🔰 BUY & SELL 0% TAX
✅ 90% Community
✅ 10% CEX
✅ Fast,Track CMC & CG
🟢 Legality for top 10 CEX
🟢 Supply 1,000,000,000 $MUSKY
🗞️Ca: https://bscscan.com/token/0x1b2E12608bf7D2bb2a131C0EBe1C1A086d671e4A
🟩Buy Now Pinksale : https://www.pinksale.finance/launchpad/0x2fcf67fac9f6bc62c66c17b3be494f39cf22708b?chain=BSC
🌐Website: https://muskytoken.io/
🐦Twitter: https://twitter.com/MuskyToken
💬Telegram: https://t.me/muskytoken
Elon's Secret Favorite MEME. The formula is simple: Elon MUSK + HUSKY dog = $MUSKY Bull or bear, we are ready for 1000x. Neither bull nor bear, MUSKY season is coming for you! Buy $MUSKY, join the community let's kill the bear together.🔥
🟣SAFU 🔵AUDIT 🟢KYC 🟡DOXX
🔰 BUY & SELL 0% TAX
✅ 90% Community
✅ 10% CEX
✅ Fast,Track CMC & CG
🟢 Legality for top 10 CEX
🟢 Supply 1,000,000,000 $MUSKY
🗞️Ca: https://bscscan.com/token/0x1b2E12608bf7D2bb2a131C0EBe1C1A086d671e4A
🟩Buy Now Pinksale : https://www.pinksale.finance/launchpad/0x2fcf67fac9f6bc62c66c17b3be494f39cf22708b?chain=BSC
🌐Website: https://muskytoken.io/
🐦Twitter: https://twitter.com/MuskyToken
💬Telegram: https://t.me/muskytoken
🇯🇵 Japan’s Crypto Exchanges Request Licensed Leverage For Investors Of 4 To 10 Times
According to Bloomberg, unbowed by last year’s global digital-asset market catastrophe, Japan’s crypto exchanges are pressing for an easing of margin trading restrictions. The Japan Virtual & Crypto Assets Exchange Association states that many individuals in the business want retail investors to be able to borrow four to ten times their initial investment, although consumers may presently only borrow twice their first investment.
Genki Oda, the Vice Chairman of the association, stated in an interview with Bloomberg that modifying the leverage rule could enhance the appeal of Japan to crypto and blockchain firms. He further mentioned that such a move would stimulate increased trading activity. According to Oda, the nation’s digital-asset exchanges are in negotiations to obtain an agreement on a proposed leverage limit and may submit their proposal to the Financial Services Agency (FSA) as soon as next month. Japan has loosened several crypto laws, such as token listing and taxes, but it is still seen as having severe regulations. Because of this emphasis on investor safety, the Japanese branch of collapsed exchange FTX was able to restore money to customers early this year.
According to Bloomberg, unbowed by last year’s global digital-asset market catastrophe, Japan’s crypto exchanges are pressing for an easing of margin trading restrictions. The Japan Virtual & Crypto Assets Exchange Association states that many individuals in the business want retail investors to be able to borrow four to ten times their initial investment, although consumers may presently only borrow twice their first investment.
Genki Oda, the Vice Chairman of the association, stated in an interview with Bloomberg that modifying the leverage rule could enhance the appeal of Japan to crypto and blockchain firms. He further mentioned that such a move would stimulate increased trading activity. According to Oda, the nation’s digital-asset exchanges are in negotiations to obtain an agreement on a proposed leverage limit and may submit their proposal to the Financial Services Agency (FSA) as soon as next month. Japan has loosened several crypto laws, such as token listing and taxes, but it is still seen as having severe regulations. Because of this emphasis on investor safety, the Japanese branch of collapsed exchange FTX was able to restore money to customers early this year.
Swiss Central Bank to Launch Real-World CBDC Pilot ⚡️
🟢 The chairman of Swiss Central Bank,Thomas Jordan, has announced that the central bank is launching a wholesale CBDC on Switzerland's SIX digital exchange as part of a pilot.
👀 In a conference at Zurich on Monday, the Swiss central bank chair said that the project would begin soon.
The wholesale CBDC pilot will run on the Swiss SIX digital exchange for a limited time, the bank chair said.
☄️ The Swiss Central Bank has continued to remain skeptical of the idea of a retail central bank-backed digital currency. Swiss bank chair Jordan expressed his concern about potential risks retail CBDCs could have for the financial system.
➡️ He added that the use of retail CBDCs was more difficult to control.
💬 "We do not exclude that we will never introduce retail CBDCs but nevertheless we are a little bit prudent at the moment."
The wholesale CBDC pilot will run on the Swiss SIX digital exchange for a limited time, the bank chair said.
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Exchange operator Cboe Global Markets Inc. updated the filings for the spot bitcoin ETF on its website shortly after the SEC said that the spot bitcoin ETF filings were not clear and comprehensive. The refreshed filing is intended to address concerns raised by the U.S. Securities and Exchange Commission (SEC). According to these people, the agency notified exchanges Nasdaq and Cboe Global Markets, which had submitted applications for asset managers such as BlackRock and Fidelity Investments, that the files needed to be more precise and thorough.
Cboe, on behalf of five issuers of a spot bitcoin ETF filed with the SEC on Friday. Updated filings have been submitted to the Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, and Wise Origin Bitcoin Trust. One key issue is that the exchanges did not name the cryptocurrency trading platforms they plan to enter into custody-sharing arrangements to help detect fraud in the underlying Bitcoin market. The updated document states that the product, The Spot BTC SSA, will show signs of a custody-sharing agreement split between the two. The filing says that setup will allow additional access to data related to spot Bitcoin transactions on Coinbase if the exchange determines it is necessary as part of a monitoring program.
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OKX has stated that they have implemented support for the Starknet network ETH deposit service, and that withdrawals will be available at 8:00 am UTC on July 11, 2023. In response to the growing demand of our users, OKX are excited to announce support for ETH on Starknet, which will enable faster and more efficient trading. With this development, OKX aim to provide the users with a more seamless and convenient trading experience, while ensuring the security and scalability of the Ethereum network.
To ensure the smooth implementation of this new feature, OKX have set a timeline for the opening of ETH-Starknet deposits and withdrawals. ETH-Starknet deposits will be available starting at 8:00 am UTC on July 11, 2023, while withdrawals will be open at 8:00 am UTC on July 12, 2023. For those who may not be familiar with Starknet, it is an Ethereum Layer 2 Rollup that offers a permissionless, innovative, and secure scaling solution. By providing the advantages of Ethereum’s composability and security, while achieving massive scalability, Starknet is pioneering the path towards widespread blockchain adoption. OKX believe that supporting ETH on Starknet is a significant step forward in offering the users the best possible trading experience.
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zkGamingHub
Team has SAFU, KYC and Audit badges. Tax will be 3/3 at launch
The first ultimate game hub for web3 gaming on zkSync. zkGamingHub, the pioneer of Web3-native gaming connectivity on zkSync, aims to foster a cohesive ecosystem that seamlessly brings together games and gamers, uniting them under a single platform
Pinksale : https://www.pinksale.finance/launchpad/0x7d4e6610aeb79cbf53ba438e8d39fc673a493f1c?chain=BSC
Website : https://zkgaminghub.xyz/
Twitter : https://twitter.com/zkgaminghub
Team has SAFU, KYC and Audit badges. Tax will be 3/3 at launch
The first ultimate game hub for web3 gaming on zkSync. zkGamingHub, the pioneer of Web3-native gaming connectivity on zkSync, aims to foster a cohesive ecosystem that seamlessly brings together games and gamers, uniting them under a single platform
Pinksale : https://www.pinksale.finance/launchpad/0x7d4e6610aeb79cbf53ba438e8d39fc673a493f1c?chain=BSC
Website : https://zkgaminghub.xyz/
Twitter : https://twitter.com/zkgaminghub
Polygon, a leading cryptocurrency network, has unveiled its plans to establish a new governance framework for enhanced decentralized control over its ecosystem. The initiative, known as Polygon 2.0, aims to develop a network of zero-knowledge-powered Layer 2 chains. The new governance model will consist of three pillars: core protocol governance, smart contracts governance, and community treasury governance. Drawing inspiration from Ethereum’s successful governance models.
The governance proposal has undergone extensive community deliberation, with feedback and ideas from validators, users, developers, and ecosystem participants. The community has full control over the network and will have the final say on all proposals. The forward-looking governance framework promotes decentralized ownership and decision-making across all Polygon protocols and the ecosystem. The three governance pillars provide a topology for decision-making mechanisms within the ecosystem. Protocol governance is facilitated through the Polygon Improvement Proposal (PIP) framework, allowing for coordinated upgrades proposed by internal and external actors.
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💥 Earn Rewards & Shape the Future of Maincard.io in our Testnet! Join Now! 💰
Starting from July 31st, Maincard.io launches an exciting Testnet phase! Be a part of it to earn rewards and help improve the game.
Experience groundbreaking Maincard technologies:
💸 Gasless Transactions: No more gas fees! Test our innovative solution that eliminates transaction costs.
🔄 Referral Program: Help us fine-tune the system, find bugs, and optimize user acquisition.
💼 Join the Maincard Ambassador Program: We're recruiting a team of dedicated ambassadors to contribute to Maincard's development and promotion.
🎯 How to Get Started:
1️⃣ SIGN IN: Register easily with your email and create your Maincard account.
2️⃣ GET FREE CARDS: Connect your wallet to receive 2 exclusive Maincard NFT cards as a welcome gift.
3️⃣ PARTICIPATE IN THE TESTNET: Complete assigned tasks and actively engage with the Maincard platform.
4️⃣ GET REWARDED: Earn rewards for your contributions to the Testnet.
🚀 Don't miss this unique opportunity! Join Maincard's Testnet now!
🔗 Register here: Registration link
Discord | Twitter | Telegram
Starting from July 31st, Maincard.io launches an exciting Testnet phase! Be a part of it to earn rewards and help improve the game.
Experience groundbreaking Maincard technologies:
💸 Gasless Transactions: No more gas fees! Test our innovative solution that eliminates transaction costs.
🔄 Referral Program: Help us fine-tune the system, find bugs, and optimize user acquisition.
💼 Join the Maincard Ambassador Program: We're recruiting a team of dedicated ambassadors to contribute to Maincard's development and promotion.
🎯 How to Get Started:
1️⃣ SIGN IN: Register easily with your email and create your Maincard account.
2️⃣ GET FREE CARDS: Connect your wallet to receive 2 exclusive Maincard NFT cards as a welcome gift.
3️⃣ PARTICIPATE IN THE TESTNET: Complete assigned tasks and actively engage with the Maincard platform.
4️⃣ GET REWARDED: Earn rewards for your contributions to the Testnet.
🚀 Don't miss this unique opportunity! Join Maincard's Testnet now!
🔗 Register here: Registration link
Discord | Twitter | Telegram
Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023
Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated with bridge hacks and custodian rehypothecation.
CEO Shehzan Maredia highlighted the advantages of Lava's borrowing mechanism, stating, "With Lava, people can borrow transparently without rehypothecation risk and without relying on bridges or custodians. Users won't have to trust their counterparty and can borrow using a system that gives users cryptographic assurance that the rules of their contracts will be honored." Lava achieves this through invisible smart contracts called discreet log contracts (DLCs), which ensure collateral integrity and enable programmable loan initiation and repayment without the need for intermediaries.
According to a press release sent to Bitcoin Magazine, Lava wallet aims to empower individuals who face challenges with traditional banking, offering innovative security solutions and safety checks to prevent transaction errors. Maredia said that he envisions bitcoin and dollars as the two most crucial assets of the coming decade. Lava's goal, the press release stated, is to create a bitcoin and dollar-centric financial experience that grants users true financial freedom, enabling them to take control of their finances and simplify money management.
Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated with bridge hacks and custodian rehypothecation.
CEO Shehzan Maredia highlighted the advantages of Lava's borrowing mechanism, stating, "With Lava, people can borrow transparently without rehypothecation risk and without relying on bridges or custodians. Users won't have to trust their counterparty and can borrow using a system that gives users cryptographic assurance that the rules of their contracts will be honored." Lava achieves this through invisible smart contracts called discreet log contracts (DLCs), which ensure collateral integrity and enable programmable loan initiation and repayment without the need for intermediaries.
According to a press release sent to Bitcoin Magazine, Lava wallet aims to empower individuals who face challenges with traditional banking, offering innovative security solutions and safety checks to prevent transaction errors. Maredia said that he envisions bitcoin and dollars as the two most crucial assets of the coming decade. Lava's goal, the press release stated, is to create a bitcoin and dollar-centric financial experience that grants users true financial freedom, enabling them to take control of their finances and simplify money management.
📢 Thrilled to announce that #Solak is live on #zealy
🤑A pool of $25,000 reward in $SGPT tokens for grab
💼 Top 1000 participants.
💰End: 18/08/23
Build your points and #Earn Let's go
Join the quests: http://zealy.io/c/solak
🤑A pool of $25,000 reward in $SGPT tokens for grab
💼 Top 1000 participants.
💰End: 18/08/23
Build your points and #Earn Let's go
Join the quests: http://zealy.io/c/solak
📣 Analyst Nansen: Address Of BALD Deployer Closely Linked To Alameda Collapse
As discovered by the Nansen analyst, the $BALD deployer’s ETH address used interacted with Andrew Keys and Alameda Research. Nansen analyst Andrew T tweeted that after browsing Bald deployer’s ETH address, he found that Binance deposit addresses starting with 0x6663 and active addresses starting with 0x000f are related to Andrew Keys and Alameda Research. Andrew T said the address is affiliated with many exchanges, but it must have a strong relationship with Alameda Research.
Currently, the community is buzzing about BALD news after the suspicious action of the person behind this token on July 31 when withdrawing 10,705 ETH ($20 million) and 224.6 million tokens from the BALD/WETH liquidity pool on the DEX. Base’s LeetSwap, reduces the value of tokens by 85% in seconds. Denying the above information, BALD’s account on Twitter corrected that he did not do that and added 400 ETH ($746,000) and 18M tokens to the pool, but the volume was not too large compared to the withdrawn transaction. Contrary to what was said, the BALD/WETH pool once withdrew all of its liquidity. As a result, the value of this memecoin dropped by 98% within 3 hours and returned to the pre-pump price zone.
As discovered by the Nansen analyst, the $BALD deployer’s ETH address used interacted with Andrew Keys and Alameda Research. Nansen analyst Andrew T tweeted that after browsing Bald deployer’s ETH address, he found that Binance deposit addresses starting with 0x6663 and active addresses starting with 0x000f are related to Andrew Keys and Alameda Research. Andrew T said the address is affiliated with many exchanges, but it must have a strong relationship with Alameda Research.
Currently, the community is buzzing about BALD news after the suspicious action of the person behind this token on July 31 when withdrawing 10,705 ETH ($20 million) and 224.6 million tokens from the BALD/WETH liquidity pool on the DEX. Base’s LeetSwap, reduces the value of tokens by 85% in seconds. Denying the above information, BALD’s account on Twitter corrected that he did not do that and added 400 ETH ($746,000) and 18M tokens to the pool, but the volume was not too large compared to the withdrawn transaction. Contrary to what was said, the BALD/WETH pool once withdrew all of its liquidity. As a result, the value of this memecoin dropped by 98% within 3 hours and returned to the pre-pump price zone.
Shiba inu was a notable gainer during Saturday’s session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today. Shiba inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%.
Looking at the chart, the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00. At the time of writing, the index is tracking at 73.62, which is its highest level since February. Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at $0.00001025. In addition to SHIB, dogecoin (DOGE) also rose higher today, snapping a three-day losing streak in the process. This coincided with the RSI moving past its own ceiling at the 52.00 mark. It is currently at a reading of 55.84. Despite today’s rally, dogecoin is still trading nearly 3% lower than at the same point last weekend.
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📣 De.Fi Launches Revolutionary Antivirus Tool On zkSync Era To Safeguard Crypto Users
Revolutionizing the realm of crypto security, De.Fi, a distinguished crypto asset management product, has unleashed its cutting-edge antivirus tool on the zkSync Era blockchain. With user protection at the forefront, De.Fi’s antivirus tool offers a multi-faceted shield against potential threats. By connecting wallets or scanning smart contract addresses, users can seamlessly access this powerful security measure. In an era where cyber threats pose substantial risks, De.Fi’s proactive approach ensures crypto enthusiasts stay one step ahead of attackers.
Operating in real-time, the system remains perpetually alert for emerging threats and vulnerabilities. This continuous monitoring empowers users to navigate the blockchain landscape with heightened confidence, knowing that their assets are under constant surveillance. The synergy between De.Fi and zkSync Era bolsters both security and usability. As De.Fi taps into zkSync Era’s robust infrastructure, users benefit from a seamless experience backed by unmatched security protocols. This strategic collaboration promises a more resilient and secure crypto environment for all stakeholders. This groundbreaking service takes vigilance to new heights.
Revolutionizing the realm of crypto security, De.Fi, a distinguished crypto asset management product, has unleashed its cutting-edge antivirus tool on the zkSync Era blockchain. With user protection at the forefront, De.Fi’s antivirus tool offers a multi-faceted shield against potential threats. By connecting wallets or scanning smart contract addresses, users can seamlessly access this powerful security measure. In an era where cyber threats pose substantial risks, De.Fi’s proactive approach ensures crypto enthusiasts stay one step ahead of attackers.
Operating in real-time, the system remains perpetually alert for emerging threats and vulnerabilities. This continuous monitoring empowers users to navigate the blockchain landscape with heightened confidence, knowing that their assets are under constant surveillance. The synergy between De.Fi and zkSync Era bolsters both security and usability. As De.Fi taps into zkSync Era’s robust infrastructure, users benefit from a seamless experience backed by unmatched security protocols. This strategic collaboration promises a more resilient and secure crypto environment for all stakeholders. This groundbreaking service takes vigilance to new heights.
BNB Bridge hackers’ loan health factor alert on Venus amid falling BNB Price As the price of Binance Coin (BNB) plummeted below $210, early warning monitoring by Paidun revealed a concerning development: the BNB Bridge hackers’ loan health factor on Venus sank to 0.99. The Venus community responded by passing a governance proposal to greenlight the liquidation of positions linked to previous BNB Bridge hacks. These hackers had exploited vulnerabilities last year to steal 2 million BNB tokens from BNB Chain’s Token Hub.
Unconventionally, they opted to deposit 900,000 BNB and secure loans of nearly $150 million in stablecoins via the Venus Protocol. Remarkably, the hackers maintained this position for nearly a year without interacting with the Venus contract. Before liquidation commenced, the hackers’ accounts held a substantial $204.1 million in BNB on Venus. To address this complex scenario, the BNB Chain core team proposed that the Venus management department take over the hackers’ debt. This initiative involved transferring $60 million to the BNB Bridge hacker liquidation account. As the price of BNB dipped below $220, triggering a liquidation state, the team initiated multiple transactions to liquidate $30 million in debt. Consequently, 146,150 stolen BNB were reclaimed, with a remaining debt of over $124 million.
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Roman Storm, a co-founder of the cryptocurrency mixing service Tornado Cash, has been released on bail, his lawyer Brian Klein revealed Thursday in a post on X, formerly Twitter. The news came a day after Storm and another co-founder, Roman Semenov, were indicted on charges of conspiracy to launder money and violate sanctions laws while operating an unlicensed money-transmitting business. According to the indictment, unsealed on Wednesday, the total includes hundreds of millions of dollars that allegedly went to the Lazarus Group.
Prosecutors accuse Storm and Semenov of creating Tornado Cash to allow cybercriminals to anonymize such transfers of crypto funds. While Storm, 34, had been arrested in Washington state, Semenov, a 35-year-old Russian national, remains at large. In his tweet, Klein said he was pleased with Storm’s release, but at the same time expressed his disappointment that his client had been charged for helping develop software. He warned that the prosecutors’ move will have “dangerous implications for all software developers.”. The U.S. sanctioned the Lazarus Group in 2019 and Tornado Cash in 2022. The Treasury Department sanctioned Semenov on Wednesday for “providing material support” to both.
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📣 HashKey Exchange Just Launched BTC/USD And ETH/USD Trading Pairs For Retail Investors
HashKey Exchange, the first licensed Virtual Asset Platform by the Hong Kong Securities Regulatory Commission, has announced that it has officially opened BTC/USD and ETH/USD trading pairs to retail investors. HashKey Exchange also states that they do not exercise voting rights regarding virtual assets on behalf of their users and that users wishing to exercise any voting rights regarding their virtual assets must withdraw their respective assets from the platform.
Recently, HashKey Exchange, part of HashKey Group, became the first company to be licensed in Hong Kong after the policy of allowing crypto trading was applied in Hong Kong from June 1, 2023. The platform also previously planned to go live on August 28, 2023. Retail investors can invest in Bitcoin and Ethereum and will limit investment in virtual assets to no more than 30 % of total assets. The coins that are allowed to be traded on HashKey Exchange include BTC, ETH, USDT, USDC, and only Spot trading. This aligns with Hong Kong’s strict licensing criteria, which only allow a small number of coins to be listed, mainly large-cap coins such as BTC, ETH, BCH, LTC, etc. Previously, HSBC was the first bank to allow customers to buy and sell Bitcoin and Ethereum ETFs.
HashKey Exchange, the first licensed Virtual Asset Platform by the Hong Kong Securities Regulatory Commission, has announced that it has officially opened BTC/USD and ETH/USD trading pairs to retail investors. HashKey Exchange also states that they do not exercise voting rights regarding virtual assets on behalf of their users and that users wishing to exercise any voting rights regarding their virtual assets must withdraw their respective assets from the platform.
Recently, HashKey Exchange, part of HashKey Group, became the first company to be licensed in Hong Kong after the policy of allowing crypto trading was applied in Hong Kong from June 1, 2023. The platform also previously planned to go live on August 28, 2023. Retail investors can invest in Bitcoin and Ethereum and will limit investment in virtual assets to no more than 30 % of total assets. The coins that are allowed to be traded on HashKey Exchange include BTC, ETH, USDT, USDC, and only Spot trading. This aligns with Hong Kong’s strict licensing criteria, which only allow a small number of coins to be listed, mainly large-cap coins such as BTC, ETH, BCH, LTC, etc. Previously, HSBC was the first bank to allow customers to buy and sell Bitcoin and Ethereum ETFs.
🇯🇵 Biggest Bank In Japan Mitsubishi UFJ Trust Bank Will Launch Crypto Asset Services
In a groundbreaking collaboration, Japan’s largest bank, Mitsubishi UFJ Trust Bank, and Web3 development firm Ginco have announced their partnership to introduce the nation’s inaugural “crypto-asset trust” service, according to a Coinpost report. Under this strategic alliance, Ginco will take charge of overseeing tokens issued on Mitsubishi UFJ’s public blockchain. This novel service, slated for launch within the year, marks a significant stride toward legitimizing the crypto landscape in Japan.
The “crypto asset trust” initiative, initiated on March 31 by Mitsubishi UFJ Trust and Banking Corporation and Ginco Co., embarks on a journey to establish a secure and attractive environment for the issuance and trading of tokens. The collaboration aspires to facilitate proper taxation for token issuers and enable institutional investors to confidently partake in the token market. While regulatory challenges surfaced after a 2018 data leak incident, the tide is turning with the legal framework adjustments that took effect in October 2022, enabling trust banks like Mitsubishi UFJ to offer custody services for crypto assets. This groundbreaking endeavor will encompass responsibilities related to trust tokens, including private key management.
In a groundbreaking collaboration, Japan’s largest bank, Mitsubishi UFJ Trust Bank, and Web3 development firm Ginco have announced their partnership to introduce the nation’s inaugural “crypto-asset trust” service, according to a Coinpost report. Under this strategic alliance, Ginco will take charge of overseeing tokens issued on Mitsubishi UFJ’s public blockchain. This novel service, slated for launch within the year, marks a significant stride toward legitimizing the crypto landscape in Japan.
The “crypto asset trust” initiative, initiated on March 31 by Mitsubishi UFJ Trust and Banking Corporation and Ginco Co., embarks on a journey to establish a secure and attractive environment for the issuance and trading of tokens. The collaboration aspires to facilitate proper taxation for token issuers and enable institutional investors to confidently partake in the token market. While regulatory challenges surfaced after a 2018 data leak incident, the tide is turning with the legal framework adjustments that took effect in October 2022, enabling trust banks like Mitsubishi UFJ to offer custody services for crypto assets. This groundbreaking endeavor will encompass responsibilities related to trust tokens, including private key management.
Aave’s Proposal to Freeze BUSD Poised to Pass
Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform.
The proposal suggests Aave switch to a different stablecoin.
The SEC issued a Wells notice, which typically precedes enforcement actions, to Paxos, according to recent reports. The regulator alleges BUSD is an unregistered security.
“The inability to mint new BUSD might hurt peg arbitrage opportunity and asset peg,” the Aave proposal reads. “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave.”
The proposal, introduced Monday, was written by two delegates: the Aave-Chan initiative and Marc Zeller of Aave DAO.
“On a more general level, BUSD is one of the smallest Aave stablecoin reserves,” Zeller told Blockworks. “So the impact on overall Aave liquidity is minimal.”
Zeller’s efforts come as regulation continues to heat up in the US. After a slew of enforcement actions and settlements in recent weeks, the industry is left wondering what is next for stablecoins and staking products.
The proposal says “there’s no real prospect of growth” for BUSD, adding that the stablecoin’s circulating supply will “eventually go toward zero.”
Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform.
The proposal suggests Aave switch to a different stablecoin.
The SEC issued a Wells notice, which typically precedes enforcement actions, to Paxos, according to recent reports. The regulator alleges BUSD is an unregistered security.
“The inability to mint new BUSD might hurt peg arbitrage opportunity and asset peg,” the Aave proposal reads. “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave.”
The proposal, introduced Monday, was written by two delegates: the Aave-Chan initiative and Marc Zeller of Aave DAO.
“On a more general level, BUSD is one of the smallest Aave stablecoin reserves,” Zeller told Blockworks. “So the impact on overall Aave liquidity is minimal.”
Zeller’s efforts come as regulation continues to heat up in the US. After a slew of enforcement actions and settlements in recent weeks, the industry is left wondering what is next for stablecoins and staking products.
The proposal says “there’s no real prospect of growth” for BUSD, adding that the stablecoin’s circulating supply will “eventually go toward zero.”