Planet Daily | Alphapo hot wallet stolen 23 million US dollars; Twitter will replace the Logo image from the blue bird image to X (July 24)

Headlines

Interim CEO of Terraform Labs: Development projects are blocked due to frequent accusations and funding issues, new projects aim to revive Luna, no new tokens will be issued

Odaily Planet Daily News Terraform Labs interim CEO Chris Amani said that Terraform Labs has nine projects in the development stage. These projects do not have Luna’s treasury support, it is difficult to compete with other L 1 agreements, and each development project is blocked due to frequent allegations. Amani said that none of these projects will issue new tokens and will instead focus on promoting Luna’s recovery. (Cointelegraph)

Alphapo Hot Wallet Hacked, $23 Million Stolen

Odaily Planet Daily News According to ZachXBT monitoring, Alphapo’s hot wallet was stolen, with a stolen amount of 23 million US dollars. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first cross-chained to Ethereum, and then cross-chained to Avalanche and BTC networks.

Musk: Will replace Twitter’s blue bird image, if there is an excellent X Logo design, it may be used

Odaily Planet Daily News Musk tweeted that he will replace the blue bird image on Twitter, and if there is an excellent X Logo design, he may use it.

Industry news

WSJ: Celsius Network Has Reached a Settlement Agreement

Odaily Planet Daily News The bankrupt cryptocurrency lending platform Celsius Network has reached a settlement agreement, which may lay the groundwork for it to obtain court approval to return customer assets.

The agreements, which will resolve customers’ claims of fraud allegations, resulted in a 5 percent increase in compensation, according to court documents. In total, there are 30,000 claims involving $78 billion in funds that may be settled, according to the Wall Street Journal.

Celsius Network will reportedly receive court approval for the settlements at an Aug. 10 hearing. While Celsius Network’s restructuring plan confirmation hearing is scheduled for October, clients may begin receiving distributions of cryptocurrencies and other assets by the end of the year. While Celsius Network’s lawyers have argued that customers are only entitled to the amount they deposited, some users have filed claims seeking damages for alleged wrongdoing by former management. (WSJ)

South Korean crypto finance company Delio will suspend some services and stop paying interest on virtual assets

Odaily Planet Daily News Korean encrypted financial company Delio announced that it will suspend some services and stop paying interest on virtual assets. During the July 18 seizure and search, all assets owned by the client and the company were confiscated by prosecutors, Delio said.

UK Court Allows BSV Founder Craig Wright to Defense Intellectual Copyright

Odaily Planet Daily reported that three British judges ruled that BSV founder Craig Wright was allowed to defend his intellectual property rights. The court previously rejected Wright’s appeal to stop the operation of Bitcoin Cash on the grounds that Bitcoin Cash violated its intellectual property rights. The appeal involved 26 defendants related to Bitcoin, including various developers and several companies of Coinbase. The issue of copyright protection will be decided in a follow-up trial, but Wright is required to first prove that he is Satoshi Nakamoto in a trial in early 2024 that only involves whether he is Satoshi Nakamoto. (CoinDesk)

Former U.S. Comptroller of the Currency Brian Brooks Joins Hashdex to Provide Regulatory Advice

Odaily Planet Daily News Former U.S. Comptroller of the Currency Brian Brooks joined Hashdex and will serve as Hashdex’s strategic advisor, providing advice in the regulatory field. He will also be committed to building channels for the traditional financial and cryptocurrency industries, and signing agreements with global monetary organizations and lawmakers. It is reported that Brian Brooks previously served as CEO of Binance.US and mining company Bitfury Group. (CryptoPotato)

NFT bought by Steve Aoki for $1.6M now has a total book value of just $33K

Odaily Planet Daily News According to the statistics of encrypted KOL Herbie, the multiple NFTs purchased by the well-known DJ Steve Aoki have greatly depreciated. The total cost before was about 1.6 million US dollars, and the current book value has dropped to 33,000 US dollars, including Doodles, 0 N 1, Cool Cats, Moonbirds and other series. Among them, the biggest loss was the rare Doodle #2238 that he had bought for $862,000. The highest bid for this NFT is now $12,000, with a book loss of $850,000.

Project Highlights

Arbitrum Allots 12 Million ARB to Camelot Proposal Fails

Odaily Planet Daily News According to the snapshot voting results, the proposal of Arbitrum to allocate 12 million ARBs to Camelot was not passed, of which 38% of the participants opposed, 30% supported, and 32% abstained.

According to previous reports, Arbitrum DAO initiated a proposal to award 2 million ARBs (a total of 1,200 ARBs) to Camelot DAO per month within the next 6 months to fund liquidity incentives for Arbitrum-centric projects on Camelot, including the introduction of new multi-chain protocols into its ecosystem.

Arkham: Claim is over, there will be no second airdrop

Odaily Planet Daily News Arkham, an encryption intelligence analysis platform, issued an article stating that after the announcement of the airdrop this week, some spam accounts pretending to be Arkham appeared to provide a second airdrop; the claim has now ended, and there will be no second airdrop.

Moonbirds Partners with Golden Wolf for Animated Short Film to Promote Its New NFT Project

Odaily Planet Daily News The PFP NFT project Moonbirds officially announced that it has cooperated with the creative team Golden Wolf to launch the second animated short film “Rise of the Mythics”, which includes Moonbird’s new series of NFT Mythics Chronicles.

Security Team: Conic Finance hit by another flash loan attack

Odaily Planet Daily News According to CertiK official Twitter, Conic Finance was once again attacked by flash loans. So far, the EOA address ( 0 x B 636 ) and the EOA address ( 0 xd 050 ) have earned at least $223,000.

Investment and Financing

Lightweight node agreement Over Protocol developer Superblock completes $8 million in financing

Odaily Planet Daily News Lightweight node protocol Over Protocol developer Superblock raised a total of 8 million US dollars after two rounds of financing. SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ participated in the investment.

It is reported that Over Protocol provides a lightweight full-node L 1 blockchain, and Superblock builds various products, tools and dApps on Over Protocol. (Chainwire)

Cymbal Closes $18.5M Funding Round, Solana Ventures Participates

Odaily Planet Daily News Cymbal completed $18.5 million in financing, First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew, UTA Ventures participated. (FinSMEs)

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Uniswap founder: I hope to see more projects launch vampire attacks on Web 2 instead of constantly forking Uniswap

Odaily Planet Daily News Uniswap founder Hayden Adams tweeted that he hopes to see more projects use Crypto’s “superpowers” to subvert mainstream Web 2 Apps and discover new use cases, instead of making marginal improvements around the few existing Web 3 use cases (such as AMM, lending, etc.). To launch a vampire attack on Web 2, don’t keep fork Uniswap.

XRP Lawyer: SEC Has No Significant Impact on XRP’s Appeal, Previous Judgments Still Have Legal Force

Odaily Planet Daily News XRP lawyer Deaton said that the SEC has no major impact on XRP’s appeal, and the previous judgment is still legally valid, and the judgment is of great significance to XRP. In the case of Terra and Do Kwon the day before yesterday, the judge stated that the Ripple case will be used as the relevant precedent for this case unless the SEC appeals to it. SEC lawyers objected to citing this precedent. Deaton said that the appeal ruling may last for more than two years, during which the judgment will still have legal effect. As of now, it is uncertain when the SEC will start the appeal process in response to this ruling. (Cointelegraph)

Mark Cuban: Ripple Ruling Shows Not All Buyers Should Be Classified as Investors

Odaily Planet Daily News In a discussion with Coinbase Chief Legal Officer Paul Grewal, billionaire Mark Cuban expressed his disagreement with the US SEC, saying that Ripple’s recent victory in the legal battle with the SEC proved that not all buyers should be classified as investors. According to Cuban, the sole purpose of the security is to act as a security, which underscores the difference between cryptoassets purchased on centralized and decentralized exchanges. He believes that analyzing blockchain transactions reveals the utility of tokens and their role beyond investment purposes. He tweeted: “They (SEC) also refer to every buyer as an investor in their filings. That’s not the case, Ripple makes it very clear. A security has one purpose and that is to be a security. For a buyer of DeFi or CEX, it’s impossible to know why the buyer is buying. But it’s possible to look at the blockchain and learn about the transaction based on the utility of the token.” In response, Grewal compared the SEC’s approach to regulation to Abraham Maslow’s notion that “if you only have a hammer, everything looks like a nail.” Additionally, pro-Ripple lawyer John Deaton agreed with Cuban. (Times Tabloid)