| The BendDAO proposal adjusts the liquidation threshold to 70%; the floor price of CryptoPunks overtakes BAYC (August 23)
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cryptocurrency
Oasis announces Q3 and Q4 roadmaps, will launch EVM-compatible privacy ParaTime Sapphire
Odaily News The privacy computing network Oasis announced the development roadmap for Q3 and Q4 of 2022. The promotion of EVM-compatible privacy ParaTime Sapphire mainnet launch will be the focus of the next stage of development.
The Oasis network will strengthen the existing privacy ParaTime Cipher through the mainnet upgrade to realize the privacy smart contract function based on WebAssembly. Oasis will release support for SGXv2 and DCAP-based proofs for TEE performance improvements and support for the latest generation of CPUs. Other priorities for the next two quarters include communication between ParaTime and stabilizing the Oasis SDK.
Algorithmic stablecoin protocol Olympus will be upgraded to version V3 and renamed Bophades
The Oasis network will strengthen the existing privacy ParaTime Cipher through the mainnet upgrade to realize the privacy smart contract function based on WebAssembly. Oasis will release support for SGXv2 and DCAP-based proofs for TEE performance improvements and support for the latest generation of CPUs. Other priorities for the next two quarters include communication between ParaTime and stabilizing the Oasis SDK.
Algorithmic stablecoin protocol Olympus will be upgraded to version V3 and renamed Bophades
Odaily News According to research by BliteZero, an on-chain researcher, Ronin hackers have transferred stolen assets from Ethereum to the Bitcoin network. In March of this year, after the Ronin cross-chain bridge was attacked, hackers transferred USDC and ETH worth $625 million to Tornado Cash. Since then, BliteZero has tracked hackers transferring funds from Tornado Cash to multiple cross-chain bridges and cryptocurrency trading platforms. Transfer it to the Bitcoin network in the form of renBTC, and deposit it in ChipMixer, Blender and other currency mixers. (Cryptopotato)
Odaily News According to Aztec’s official Discord message, the private DeFi service zk.money is suspected to have a bug. If the same address receives money more than twice, users will need to separate multiple transfers to increase the available balance. In the next few weeks, it will be in the new The system fixes this problem and automatically merges the user's balance, so that the user's sendable balance is displayed normally.
Odaily News According to Aztec’s official Discord message, the private DeFi service zk.money is suspected to have a bug. If the same address receives money more than twice, users will need to separate multiple transfers to increase the available balance. In the next few weeks, it will be in the new The system fixes this problem and automatically merges the user's balance, so that the user's sendable balance is displayed normally.
Odaily News According to PeckShield monitoring, the BNB Chain deployment of the DeFi lending agreement Cream Finance has suffered a liquidity crisis, which mainly allows a user (0xE94f7a43d3fD2A159952a28B23D3A181564B7baA) to lend 107,000 BNB without collateral. This address is a 1-out -2 multi-signature wallets. However, according to comments from Twitter users, one of the addresses with multi-signature permissions is the Cream deployer, and this address is suspected to be owned by the team.
GameFi and NFTs
GameFi and NFTs
BendDAO's 28 NFTs are being liquidated and auctioned, involving four types including BAYC
Previously, cryptocurrency analyst Cirrus tweeted that the NFT lending market is facing serious liquidation risks. The NFT mortgage lending agreement BendDAO alone has NFTs worth 32,267 Ethereum being used as loan collateral. A large number of BAYC and MAYC health coefficients in BendDAO are lower than 1.2, which is on the verge of liquidation threshold. Cirrus mentioned that most NFTs are mortgaged with 30-40% of the floor price, but if the health coefficient of this collateral is lower than 1, if the loan is not repaid in time, the user's NFT will be auctioned for 48 hours and sold to the highest bidder.
Chain game Untamed Isles announces to stop development due to running out of funds
Chain game Untamed Isles announces to stop development due to running out of funds
Odaily news chain game Untamed Isles announced that due to the exhaustion of funds and reserve cash, it has stopped development, and the project is currently on hold.
The Untamed Isles project was launched on the Kickstarter crowdfunding platform on August 27, 2021. Its page shows that the project interruption time is August 12, 2022, and the lack of cash reserves means that early investors in the project cannot get back their own return.
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Investment and Financing
It is reported that Gallium Studios was founded by legendary video game designer Will Wright, developer of the "Sims" series, and Lauren Elliott, developer of "Where's Carmen Sandiego?" A simulation game for creators.
It is reported that Gallium Studios was founded by legendary video game designer Will Wright, developer of the "Sims" series, and Lauren Elliott, developer of "Where's Carmen Sandiego?" A simulation game for creators.
Projects Gallium has been involved in include the metaverse VoxVerse for Gala Games and the memory simulation game Proxi, both of which use blockchain technology. Gallium Studios has partnered with blockchain technology company Forte.io to enhance player ownership in game economies and provide players with seamless access to blockchain and Web3 technologies, such as embedded token wallets and NFT marketplaces . (Venturebeat)
Mystic.com, a Web3 data aggregation and analysis tool, completes $4.5 million in financing
Odaily News Mystic.com, a Web3 data aggregation and analysis tool, completed a seed round of financing of US$4.5 million, with an undisclosed investor.
It is reported that Mystic.com is conducting Beta public testing and plans to launch iOS and Android versions later this year. (PRNewswire)
Metaverse development studio INDEX GAME receives $1.7 million investment from The Sandbox
It is reported that Mystic.com is conducting Beta public testing and plans to launch iOS and Android versions later this year. (PRNewswire)
Metaverse development studio INDEX GAME receives $1.7 million investment from The Sandbox
Odaily News On August 22, INDEX GAME, a Hong Kong-based metaverse development studio incubated by The Sandbox, received $1.7 million in investment from The Sandbox. The Sandbox stated that the investment may increase to US$6 million by 2023, and The Sandbox will also provide INDEX GAME with exclusive IP created during the cooperation period.
It is reported that MintStars is built on Polygon to help creators earn more income and reward fans.
global regulation
global regulation
The UK intends to bring digital assets such as stablecoins into the scope of payment regulation
Odaily News It is reported that the United Kingdom will debate a new bill in Parliament in September on bringing digital assets such as stablecoins into the scope of payment supervision. The bill seeks to expand existing financial regulations to cover payments-focused cryptocurrencies such as stablecoins, which are broadly defined as "digital settlement assets" (DSAs), and it also puts the HM Treasury in charge of defining What the DSA is and gives the Bank of England (BoE), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) corresponding powers to enforce the rules. (CoinDesk)
Australian government: will improve the way to manage encrypted assets and provide greater protection for consumers
It is reported that in the near future, the Ministry of Finance will also carry out a number of other work, including providing a licensing framework for crypto asset service providers dealing with non-financial product crypto assets, appropriate requirements for the protection of consumer crypto asset custody, and the need for decentralized self-government. Review of organization (DAO) corporate structure. (Cointelegraph)
The Ministry of Planning and Finance stated that whether a specific virtual asset transaction is subject to gift tax is determined according to the transaction situation, such as whether actual property and profits are transferred. (Yonhap News Agency)
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Yearn core developer: Two Ethereum verification node operators have promised not to conduct censorship, accounting for 38.34% of the pledged ETH
