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[Link to FM] Rug Pull price in Nody fell 93%, SBF considers acquisition of crypto mining company that is being hit hard

【Data Intelligence】

The number of Ethereum independent wallet addresses exceeds 200 million

On July 4th, according to Etherscan data, the number of Ethereum independent wallet addresses exceeded 200 million. It is reported that the data records of Etherscan began on July 30, 2015, and the initial independent wallet address was 9205. On June 6, 2020, the number of independent wallet addresses exceeded 100 million.

ENS trading volume increased by 418.75% in the past 24 hours

According to OpenSea data, the 24-hour transaction volume of ENS is 2719.44ETH, the transaction volume in the past 24 hours has increased by 418.75%, and the transaction volume in the past 7 days has increased by 496.97%.

Regulatory News

Russian Media Regulator Blocks Major Crypto News Site

Russia’s telecommunications and mass media regulator “Roskomnadzor” has blocked major crypto news sites. Blocked websites are currently inaccessible through most Russian internet providers. Some have expressed their intention to contest the measure.

Central African Republic launches national cryptocurrency called 'Sango Coin'

The Central African Republic has launched a national cryptocurrency called "Sango Coin." "Sango Coin will be the next generation currency in the Central African Republic," the President of the Central African Republic said in his speech. It was previously reported that the President of the Central African Republic supports Bitcoin.

【Industry Trends】

Voyager owns about $1.65 billion in encrypted assets and cash, and claims over $650 million against Three Arrows Capital

On July 4th, Voyager officially tweeted to disclose its financial status. Currently, the platform has approximately US$1.3 billion in encrypted assets and claims for more than US$650 million from Three Arrows Capital. Voyager also has more than $350 million in cash at Metropolitan Commercial Bank. In previous news, on June 27, Voyager Digital announced that it had issued a default notice to Three Arrows Capital for failing to make the necessary payments on its previously disclosed loan of 15,250 bitcoins and US$350 million. Voyager intends to recover from Three Arrows and is discussing available legal remedies with the company's advisors. On July 2nd, Voyager Digital suspended trading and deposits and withdrawals and token rewards.

Tesla may report a $440 million write-down on BTC assets in its latest quarterly report

Electric carmaker Tesla may report a bitcoin impairment loss of around $440 million in its forthcoming quarterly report, equivalent to 100% of Tesla's annual profit last year, according to new revelations from the Telegraph. 9%. Tesla's purchase of $1.5 billion worth of Bitcoin in February 2021 caused a huge stir in the investment community and pushed BTC prices to new all-time highs. Tesla briefly accepted bitcoin as payment last year, but suspended it after Musk raised concerns about its carbon footprint, though Musk specifically said earlier this year that he himself had not sold any cryptocurrency investments.

Circle denies rumors that USDC is in trouble

Circle founder and CEO Jeremy Allaire issued a series of statements on Twitter in response to rumors that the USDC stablecoin nearly collapsed during the crypto market downturn. Given the history of scammers in cryptocurrencies, it’s understandable why some users are paranoid, Allaire said. We've always tried to hold ourselves to the highest standards we can afford. This enables us to work with regulators, top surety companies and leading financial institutions.

Meitu’s net loss in the first half of the year increased by more than 99% year-on-year, mainly due to the impairment of purchased cryptocurrencies

On July 3, the Meitu Hong Kong Stock Exchange announced that it is expected to record a net loss of approximately RMB 274.9 million to RMB 349.9 million for the six months ended June 30, an increase of approximately 9.96 billion compared with the same period in 2021. %-154.1%, the main reason for the increase in net loss expectations is the impairment of purchased cryptocurrencies.

SBF mulls acquisition of battered crypto mining firm

According to news on July 4, Sam Bankman-Fried, co-founder of cryptocurrency exchange FTX US, said that he would consider acquiring crypto mining companies that are being hit hard. It is reported that in an interview with NPR in mid-June, SBF said: "I do feel that we have a responsibility to seriously consider intervening, even if we are overwhelmed by ourselves. Even if we are not the ones who caused it, or were not involved in it. The system is healthy, and I want to do what I can to help it grow and thrive."

【Elite Viewpoint】

Foreign media: The number of Tether short sellers is increasing

According to news on July 4, although Tether has always ensured that its reserves are fully supported, the number of Tether short sellers is increasing as investors sell more and more liquidity. According to Jeff Dorman, chief investment officer of Arca, institutions have been short selling Tether or buying put options on Tether for some time. Other data showed that the number of hedge funds shorting Tether through crypto brokerage Genesis Global Trading Inc. also increased between May 27, 2022 and June 27, 2022, Leon Marshall, head of trading at the agency, told The Wall Street Journal in an interview. At that time, the transaction value of shorting Tether was in the range of hundreds of millions of dollars, and Asian encryption companies have always been the counterparty of short-selling transactions initiated by European and American hedge funds.

Security team: Crema Finance was hacked and lost about $8.8 million in new statistics

News on July 4th, according to the monitoring of the CertiK security team, on July 3, 2022 Beijing time, the Crema Finance project on Solana was hacked, and the latest statistics show that the loss is about 8.8 million US dollars. Crema Finance is a powerful liquidity protocol built on Solana, providing various functions for traders and liquidity providers. After discovering the hack, the project temporarily terminated operations to prevent the attackers from extracting more funds from the platform. CertiK’s analysis shows that in this hack, the attackers exploited the contract by using 6 different flash loans in the Solend protocol. Preliminary investigations revealed that the attackers were able to deposit and withdraw borrowed tokens by calling the following three functions, “DepositFixedTokenType”, “Claim” and “WithdrawAllTokenTypes”. By calling the "Claim" function, the hacker is able to obtain additional tokens.

【What to watch today】

PeckShield: Rug Pull of Nody Token NODY, Price Dropped 93%

On July 4th, PeckShield monitoring showed that a Rug Pull occurred in NODY, the distributed node infrastructure project Nody token, and the price of the token fell by 93%.

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