Golden Morning Post | AzukiDAO released a proposal to establish an ecological fund

Headline

▌AzukiDAO released a proposal to establish an ecological fund

On July 8th, AzukiDAO tweeted that it launched the fourth proposal of AzukiDAO, proposing to establish an ecological fund to purchase the IP of blue-chip NFT, and promote the recovery and development of the NFT industry.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 30289.7 US dollars, with an intraday change of -0.33%;

The latest transaction price of ETH is 1867.41 US dollars, with an intraday change of -0.25%;

The latest transaction price of BNB is 235.78 US dollars, with an intraday change of +0**.00%**;

The latest transaction price of LTC is US$97.97, with an intraday increase and decrease of +0.28%;

The latest transaction price of ARB is 1.13 US dollars, with an intraday increase and decrease of +1.19%;

The latest transaction price of FIL is US$4.38, with an intraday change of -1**.37%**;

The recent transaction price of DOGE is US$0.6525, with an intraday change of -0.58%.

policy

▌European Financial Market Association: DeFi should be included in MiCA supervision in an appropriate way

The European Financial Market Association (AFME) published an article stating that DeFi should be included in the MiCA (encrypted asset market) regulatory bill in an appropriate manner. MiCA was passed by the European Parliament in April. In the article, AFME examines different classifications of DeFi, such as smart contracts and DAOs, and proposes areas that can fill the regulatory gap. According to AFME, we believe that DeFi and its related activities must be brought into the regulatory scope in an appropriate manner to manage risks to market integrity, financial stability and end users, while still promoting financial and technological innovation. AFME hopes to provide DAO with legal status, Although it points out that some institutions in DeFi may avoid any form of centralization and regulatory intervention to the greatest extent, and may need to rely on autonomous models.

Blockchain Application

▌****NFT casting platform Zora announced the launch of a new Layer-2

NFT minting platform Zora announced the launch of a new Layer-2 scaling network to facilitate faster and cheaper on-chain art minting, now supported by OpenSea. This means that artwork minted on the Zora network can now be bought and sold on OpenSea, and OpenSea's suite of NFT-related tools will now be able to mint assets on Zora's extended network. The Zora network builds on the technology stack of the existing scaling network Optimism.

▌Ripple: UBRI has established more than 50 university partnerships on six continents

Ripple's University Blockchain Research Initiative (UBRI) was launched about five years ago to support academic research, technology development and innovation in the blockchain and cryptocurrency space. UBRI makes $50 million in philanthropic commitments to top universities around the world. As part of the program, participants conducting research in the XRP Ledger (XRPL) will receive XRPL grants. Ripple said in a statement that UBRI has now established more than 50 university partnerships across six continents, awarded 590 fellowships and scholarships, and supported the publication of more than 1,000 research articles and presentations. Meanwhile, the XRP token holder community is hopeful of summary judgment in the SEC lawsuit before the end of 2023. Recently, a Bank of America executive praised RippleXRP’s place in the payments space as a “possible exception.”

Cryptocurrency

▌Powell: Cryptocurrencies are Proving Sustainability as an Asset Class Within the U.S.

During a congressional hearing, Powell said cryptocurrencies are proving their sustainability as an asset class within the United States. The statement was part of Powell's semiannual report on monetary policy to the House Financial Services Committee.

▌Circle froze 63 million USDC

USDC issuer Circle has responded to recent multi-chain protocol security breaches by blacklisting three wallet addresses that received large outflows from cross-chain bridging platforms. Security firm PeckShield pointed out that about $63 million in USDC was frozen as a result. Jinse Finance previously reported that multiple bridge contracts on Multichain experienced abnormal outflows of tokens, among which there was an outflow of USD 130 million from the Fantom bridge.

▌Crypto.com seeks to claw back $76k in transaction error

Crypto.com recently filed legal documents dated July 7 showing that Georgia resident James Deutero McJunkins Jr. received an erroneous deposit of $50,000 in his Crypto.com account on June 24, 2022. Crypto.com has repeatedly demanded that McJunkins return the funds, but initiated arbitration proceedings after he failed to do so. The company filed claims under Florida Statistics, including breach of contract, civil theft. Crypto.com was awarded an arbitration award at the end of the proceedings. This outcome requires Mc Junkins to pay Crypto.com $76,391.46 within 30 days of the award being issued.

▌Nexo Lianchuang: Even in the face of hawkish news, Bitcoin bulls remain calm and stand firm

Bitcoin hovered above $30,000 on Friday amid multiple signals pointing to further rate hikes this year. BTC was up 0.2% at 12:40 p.m. in New York, according to data from CoinGecko. Nexo co-founder Antoni Trenchev said wage growth and unemployment will worry Fed hawks, meaning we're not out of the woods yet on rate hikes. However, even in the face of hawkish news, Bitcoin bulls remain calm and hold their ground.

▌Opinion: BlackRock CEO’s shift in attitude could push the industry in the wrong direction

BlackRock CEO Larry Fink's shift toward BTC may make Wall Street more receptive to cryptocurrencies, but some experts warn that his favored exchange-traded fund (ETF) is a fundamentally different approach to the digital asset's original ideal. investment vehicle and could push the industry in the wrong direction. The key difference is that an ETF is simply a traditional investment vehicle with bitcoin as its asset but traded on a regulated stock exchange through a regulated broker. Such a structure may be at odds with bitcoin, which was designed and launched by an anonymous creator in 2009 in part as a backlash against the Wall Street excesses that sparked the global financial crisis in 2008.

▌****SEC casts doubt on Coinbase’s claim it didn’t know it violated securities laws

The SEC's lawyers cast doubt on Coinbase's claim that it did not know it violated securities laws. The SEC responded to Coinbase’s filing that it believed the SEC did not have sufficient jurisdiction to bring the lawsuit, stating that the SEC would oppose any motion for judgment that Coinbase may have filed and asked the court to dismiss Coinbase’s claim that the lawsuit violates material issues doctrine and other concerns argument. Coinbase, a multibillion-dollar entity advised by sophisticated legal counsel, argued that it was unaware that its actions risked violating federal securities laws, saying that by approving Coinbase’s registration statement in 2021, the SEC confirmed The legality of Coinbase's basic business activities. However, Coinbase has previously used the same legal framework enacted by the U.S. Supreme Court to determine whether certain cryptocurrencies comply with the requirements of federal securities laws, while "expressly discouraging" issuers of cryptocurrencies from making any claims traditionally related to securities.

Important economic developments

▌The three major US stock indexes collectively closed down

The Dow Jones Index closed down 187.25 points on July 7 (Friday), or 0.55%, to 33735.01 points;

The S&P 500 index closed down 11.96 points, or 0.27%, at 4399.63 points on July 7 (Friday);

On July 7 (Friday), the Nasdaq Composite Index closed down 18.33 points, or 0.13%, to 13660.72 points. (Golden Ten Data APP)

Golden Encyclopedia

▌****Wallet Address

If we simply compare the ETH wallet to a bank card account, then the ETH wallet address can be regarded as a bank card account. The difference is that the ETH address does not need to be stored on the network, and it can exist independently of your wallet.