Planet Daily | Binance responds to the rat warehouse controversy; WLFI plans to sell 63% of its tokens to the public (Se
Headlines
Odaily Planet Daily News Binance Chinese posted on the X platform that recently, a screenshot of a certain V community circulated in the Chinese community triggered a discussion about Binances rat warehouse. Although the content of these screenshots was eventually confirmed to be a misunderstanding, Binance attaches great importance to such issues. Any behavior involving leakage or corruption will be dealt with seriously once verified.
According to the exchanges compliance requirements, all Binance employees need to complete relevant mandatory compliance training. At the same time, Binance also has an independent audit team that specializes in investigating such violations. If it is verified that there is information leakage or insider trading suspicion, Binance will immediately initiate legal proceedings to transfer the relevant personnel to the judicial authorities, and those who are serious will face criminal liability.
Reporting any form of corruption is welcome, and the reward will be up to $5 million. The reporting channel is open and transparent, and any clues about coin listing or other forms of corruption are always welcome. After verification, if it involves Binance internal personnel, you will be provided with a reward of $100,000 to $5 million while protecting your personal information.
Odaily Planet Daily News: World Liberty Financial will sell 63% of WLFI tokens to the public, 17% for user rewards, and the remaining 20% for the team. (Tree News)
Trump: If I dont get elected president, US crypto players will be in hell
Odaily Planet Daily reported that former US President Trump said in a live broadcast released by World Liberty Financial that if he is not elected in November this year, he believes that the cryptocurrency builders who are being investigated by the US SEC will be in hell.
“If we don’t win the election, the people who are being investigated, the people who are free right now, the people who are not being followed in the crypto world, they’re going to have a hell of a life,” Trump said.
Trump discussed what he described as an “incredibly hostile” regulatory approach to the crypto industry under current SEC Chairman Gary Gensler.
There has been speculation that Trumps public declaration of support for cryptocurrencies and his promise to bring friendlier regulation to the industry may have persuaded the Biden administration to cool down on crypto enforcement. Trump himself also thought this made sense, Frankly, since they heard that I was involved, they have treated industry participants much better, and maybe they think this is a way to get votes. (Decrypt)
Market News: Crypto VC Dragonfly is seeking to raise $500 million for a new fund
Odaily Planet Daily News: According to people familiar with the matter, crypto venture capital firm Dragonfly Capital is seeking to raise $500 million for its fourth fund, which will invest in early-stage projects. It is reported that it has successfully raised $250 million and plans to complete the financing in the first quarter of next year. (Bloomberg)
EigenLayer has opened the second season airdrop application
Odaily Planet Daily News: Eigen Foundation announced in a post on X that it has opened applications for the second season airdrop, and the application window will last until March 16, 2025.
Industry News
Odaily Planet Daily reported that according to Trader Ts monitoring, the US Bitcoin spot ETF had a net inflow of US$12.87 million yesterday, marking three consecutive trading days of net inflow.
Yesterday, the U.S. Ethereum spot ETF had a net outflow of $9.51 million
Odaily Planet Daily reported that according to Trader T monitoring, the US Ethereum spot ETF had a net outflow of US$9.51 million yesterday, of which BlackRock ETHA had a net inflow of US$4.16 million.
Odaily Planet Daily News Coinbase founder and CEO Brian Armstrong denied claims that the company had sold its wrapped Bitcoin cbBTC to BlackRock and did not maintain 1:1 support. The allegations have caused debate in the crypto community, with some accusing Coinbase of a lack of transparency in its Bitcoin reserves.
In a statement to cryptocurrency analyst Tyler Durden published on X, Armstrong explained that the minting and destruction of Bitcoin for the BlackRock Spot Bitcoin ETF is transparent and performed on-chain.
Durden shared Cryptoquant data showing that Coinbase was the largest buyer and seller at market highs and lows. In addition, he hinted that the exchange allowed BlackRock to borrow Bitcoin without providing collateral. Since BlackRock is one of the worlds largest Bitcoin holders, the analyst said the two companies could profit by controlling Bitcoin price movements.
Armstrong also noted that Coinbase cannot share the wallet addresses of its institutional clients for privacy reasons.
Bloomberg ETF analyst Eric Balchunas also denied the doubts, adding that the ETF offered by BlackRock has helped stabilize the price of Bitcoin during market volatility.
Furthermore, Armstrong acknowledged that cbBTC is backed by a centralized custodian, which in this case is Coinbase itself. (CryptoPotato)
MicroStrategy to issue $700 million in convertible senior notes in private placement
Odaily Planet Daily reported that according to official news, MicroStrategy announced that, based on market conditions and other factors, the company plans to privately issue a total of US$700 million convertible senior notes due in 2028 to qualified institutional buyers in accordance with Section 144A of the Securities Act of 1933, as amended.
MicroStrategy also expects to grant the initial purchasers of the notes an option to purchase up to $105 million in aggregate principal amount of the notes within 13 days of the date the notes are first issued. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed.
The Notes will be unsecured senior obligations of MicroStrategy and bear interest semi-annually on March 15 and September 15 of each year, beginning on March 15, 2025. The Notes will mature on September 15, 2028, unless earlier repurchased, redeemed or converted in accordance with their terms.
Cathedra Bitcoin to stop mining bitcoin, follow MicroStrategys strategy
Odaily Planet Daily reported that Canadian Bitcoin mining company Cathedra Bitcoin is stopping its seven-year mining business and adopting a new strategy: following MicroStrategys example and buying as much Bitcoin as possible on the open market.
In a “Bitcoin Treasury Strategy Memo” dated Sept. 16, Cathedra explained that “all capital allocation decisions” under the new plan will now be directed at maximizing the company’s Bitcoin reserves on a per-share basis — the “most important” metric for many large shareholders.
trump.eth was traded at 48.4 WETH
Odaily Planet Daily reported that according to OpenSea data, the Ethereum domain name trump.eth was traded at a price of 48.4 WETH 12 hours ago, equivalent to approximately US$110,000.
Project News
Insider: World Liberty Financial is led by Witkoff and Eric Trump, Trump is not involved
Odaily Planet Daily reported that real estate investor Witkoff and Trump Organization Executive Vice President Eric Trump are the two decision makers of the Trump familys crypto project World Liberty Financial. Both companies are new players in the crypto industry.
CNBC reached out to Eric Trump and Witkoff to ask about their leadership roles at World Liberty Financial but did not immediately receive a response.
A person familiar with the project revealed that Witkoff has little interest in understanding how the platform works. The source also said that anyone who wants to know important details of the platform (including the white paper) is required to sign a non-disclosure agreement. In addition, Donald Trump is not currently involved in the construction of the platform. (CNBC)
Odaily Planet Daily reported that the team behind the Trump family’s cryptocurrency project World Liberty Financial said that the project will provide lending services for cryptocurrencies on the Ethereum blockchain network, which is no different from a large number of existing applications in DeFi.
It promises to be more “user-friendly” and accessible than existing high-tech alternatives and will be based on the non-transferable (meaning non-tradable) WLFI governance token.
The World Liberty Financial crypto team, led by Zak Folkman, head of operations, and Chase Herro, head of data and strategy, released new details about the WLFI token distribution plan today, making it clear that the sale of tokens will be regulated by the U.S. SEC. There is no pre-sale, no venture capital, and no early buy-in, Folkman said in an interview today. Its like any other DeFi project you can expect to see, and the token distribution that is launched now is very fair.
According to an excerpt from its white paper, the majority of the token supply (62.66%) will be distributed in the upcoming token sale, with a portion of the net proceeds going to the project’s multi-signature wallet treasury reserve. The remaining net proceeds will be paid to the project’s founders, team, and service providers.
Approximately 17.33% of the WLFI supply will be dedicated to incentivizing participation in World Liberty governance development, as well as other community growth initiatives.
The remaining 20% of the token supply will be used for the project team, advisors and future employees, and a portion of WLFI will be dedicated to the WLF Foundation, an affiliate of the Trump Organization, and the Witkoff Group, which is run by Trumps longtime ally and friend Steve Witkoff, who is involved in World Liberty. (Decrypt)
Aleo Announces Token Economics, 34% Allocated to Early Backers
Odaily Planet Daily News: Programmable privacy network Aleo announced its token economics. When the mainnet is launched, there will be 1.5 billion Aleo tokens. After the mainnet is launched, the consensus algorithm will automatically generate tokens to reward provers and stakers. Among them:
34% was allocated to early backers;
25% is allocated to grants, ecosystem contributors, and education;
17% to employees and project contributors 16% to the Aleo Foundation and Provable;
8% allocated to strategic partners for staking and proof rewards increases the circulating token supply by approximately 75% over ten years (from 1.5 billion to over 2.6 billion). The inflation rate will gradually decrease from 13.5% in the first year to 1.6% in the tenth year.
WalletConnect announces the launch of the WCT token, with an initial supply cap of 1 billion
Odaily Planet Daily News Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. WalletConnect said that registration for the WCT airdrop will open on September 24, and airdrop qualifications are based on the usage of the WalletConnect network. WalletConnect CEO Houlgrave said that the initial supply of WCT tokens is capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first quarter airdrop. Houlgrave said that the airdrop will cover WalletConnects end users, as well as wallets, applications, nodes, software development kits and communities that have contributed to the success of WalletConnect. (The Block)
Phantom adds a new username feature to transfer crypto assets directly
Odaily Planet Daily reported that Phantom posted on the X platform that it will add a new username function, allowing users to create Phantom identities, send cryptocurrencies to other Phantom users, and synchronize accounts across devices.
At the same time, Phantom will launch usernames in the next few days based on the time when users join Phantom (OG can get early access). When users are eligible, they will receive a banner with an official collection link in their wallet.
Usernames are an optional feature that allows users to personalize their wallet experience without compromising privacy.
Sui Lianchuang: Reached cooperation with Circle and will soon add support for USDC
Odaily Planet Daily News Sui co-founder and CEO Evan Chen posted on the X platform that Sui has reached a cooperation with Circle and will soon add support for USDC.
Taiko completes Trailblazers Season 1 snapshot and opens Season 2, offering 6 million TAIKO
Odaily Planet Daily reported that according to official news, Taiko announced that it has completed the snapshot shooting of Trailblazers Season 1, and Season 2 has started, which will last from September 17 to December 16, 2024. 6 million TAIKO tokens will be provided, of which 5 million are for participants and 1 million are for DApp.
Odaily Planet Daily reported that the LayerZero Foundation issued a statement on X that the airdrop application will be closed at 9:00 PT time on September 20 (0:00 Beijing time on September 21), and the unclaimed tokens will be distributed proportionally to all eligible addresses that have claimed the airdrop, and the application will be opened later that day.
Eigenpie has opened airdrop amount and IDO share query
Odaily Planet Daily News Ethereum liquidity re-pledge protocol Eigenpie announced on X that the Dapp front-end now supports querying airdrop amounts and IDO shares.
According to previous news, Eigenpie announced the economic model of EGP tokens, with 11% used for airdrops.
Wintermute plans to launch prediction market OutcomeMarket next week
Odaily Planet Daily News Wintermute announced that it is using Chaos Labs Edge Proofs Oracle to develop a new prediction market product OutcomeMarket, which will first launch betting markets for TRUMP and HARRIS tokens (US election themes). Wintermute plans to launch OutcomeMarket on multiple networks next week, including Ethereum mainnet, Arbitrum and Base. (TheBlock)
Regulatory trends
Odaily Planet Daily reported that Fox Business reporter Eleanor Terrett disclosed on X that all five members of the US SEC are preparing to testify before the US House Financial Services Committee next Tuesday. This will be the first time since 2019 that the entire SEC, not just the chairman, will testify together.
Gary Gensler himself will testify separately before the Senate next Wednesday.
Odaily Planet Daily reported that Rostin Behnam, chairman of the U.S. CFTC, said the agency will continue to prove that Kalshis political prediction election contracts are illegal and warned of possible negative impacts. Behnam said the agency also plans to keep a close eye on offshore prediction markets.
U.S. District Court Judge Jia M. Cobb of the District of Columbia ruled last week that the CFTC overstepped its authority in blocking prediction market Kalshi from listing contracts related to the U.S. election. The CFTC quickly appealed the ruling and warned of the risks associated with election gambling. The appeals court will decide Thursday whether to keep the contracts in place, Behnam said Tuesday at Georgetown University’s Financial Market Quality Conference.
Behnam said: We believe this situation is illegal. We will continue to advance the lawsuit in this way. He also said that letting the CFTC take on the role of supervising election contracts may have a negative impact. I just dont think Congress or the public wants a financial federal regulator to supervise elections. (The Block)
Investment and Financing
Solana Early Investor Nick Chirls Leads Asylum Ventures Launch of $55 Million Fund
Odaily Planet Daily News: Venture capital firm Asylum Ventures recently launched a new fund of US$55 million, mainly investing in start-up companies, and plans to invest US$1-2 million in Pre-Seed and Seed round companies.
The initiative is led by Notation Capital founder Nick Chirls, who was also an early investor in Livepeer, Solana, Near, and Bison Trails (now Coinbase Cloud), and Jonathan Why, former head of growth at Aztec Networks. (Cointelegraph)
Odaily Planet Daily News: Decentralized clearing network Yellow Network has completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital. (Cointelegraph)
Fermah completes $5.2 million seed round of financing, led by Lemniscap and others
Odaily Planet Daily News: Fermah, a developer of the universal proof generation layer, has completed a $5.2 million seed round of financing, led by a16zs CSX and Lemniscap, with participation from Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and angel investors including Balaji Srinivasan and Sandeep Nailwal. (Theblock)
Odaily Planet Daily News: On-chain sustainable DEX LogX announced the completion of a US$4 million strategic round of financing, bringing its total financing amount to US$10.1 million. Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, Kairos Capital and others participated in the investment.
LogX will use the new funding to develop into a DeFi super application, providing leveraged prediction markets and exotic perps, while expanding to TON, Solana, Bitcoin, Move, and EVM ecosystems.
Previously, LogX completed a $6.1 million seed round of financing, with participation from Coinbase Ventures, Sequoia Capital and others.
Limitless Network Completes $3 Million Pre-Seed Round of Financing, Led by 1coinfirmation
Odaily Planet Daily News: The prediction market platform Limitless Network built on Base has completed a $3 million Pre-Seed round of financing, led by 1confirmation. CJ Hetherington, co-founder and CEO of Limitless Labs, said that Paper Ventures, Collider and Public Works participated in the investment. (Coindesk)
Character*Voice
Trump: It is important to establish a legal cryptocurrency framework in the United States
Odaily Planet Daily News Trump said that the cryptocurrency industry is a very powerful market and it is important to establish a legal cryptocurrency framework in the United States.
Trump: Cryptocurrency companies should have certain security measures
Odaily Planet Daily News: Former US President Trump said that cryptocurrency companies should have certain security measures. (Jinshi)
Trump: Cryptocurrency industry is still young and growing
Odaily Planet Daily reported that Trump said in a live broadcast that cryptocurrency really has the opportunity to be something special. Its still young and its growing… I believe it.
Vitalik: Web3 products can fully realize social recovery functions similar to Web2 products
Odaily Planet Daily News: Vitalik Buterin talked about the topic of social recovery at the Web3 Transitions Summit today and said that Web3 products can fully realize social recovery functions similar to Web2 products, but the underlying technology is based on blockchain. Users do not need to know the code behind the product, and the social relationship (data) has been deposited on the chain. With just one simple interaction with friends, the social recovery function can be realized.
This article is sourced from the internet: Planet Daily | Binance responds to the rat warehouse controversy; WLFI plans to sell 63% of its tokens to the public (September 18)
Related: deBridge Foundation is established, DBR Season 1 airdrop checker is open for query
Today, the deBridge Foundation was officially launched and established its mission to expand, strengthen and accelerate the growth of the deBridge ecosystem while promoting the construction of the liquid Internet that decentralized finance (DeFi) deserves. As a first step, the Foundation launched the DBR Inspector, a tool that allows community members to preview the DBR tokens generated by the Season 1 deBridge Points activity. About deBridge Foundation The deBridge Foundation will help develop and grow the protocol and ecosystem through a number of initiatives, including grants and long-term incentive programs, and will play a key role in driving decentralization. The deBridge Foundation will be obligated to pursue the interests of the entire DAO and its key participants, including core contributors, strategic partners, and the community. Governance will empower DBR holders…
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