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Colin Wu, Chinese Reporter
Important Crypto News mainly Asia
More Channels: https://t.co/EWW3fUtX5v 
Contact: Tele colinwu1989 
non-financial advice

Wu Blockchain

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The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling. Liquidity reserved for additional issuance of new U.S. debt may lead to tightening of liquidity in the U.S. stock market and… https://t.co/lDhxUxCheP

Binance has completed the integration of Tether (USDT) on the Arbitrum One and Optimism networks.  Binance will open withdrawals for USDT on the above two Ethereum L2 networks.  
https://t.co/Jo7ynwSPm2 https://t.co/3qzyVzJzri

The Monetary Authority of Singapore, MAS, issued a new notice requiring digital token payment/cryptocurrency companies to conduct stricter customer due diligence, including identifying and reporting "high-risk customers" they serve, and collecting and providing more information.… https://t.co/4OhMpREJlq

Microsoft has agreed to spend potentially billions of dollars over multiple years on cloud computing infrastructure from startup CoreWeave, which announced Wednesday that it raised $200 million. CoreWeave was previously an Ethereum mining company. 
https://t.co/UVuIZpPPfQ. https://t.co/hH2S4j69bD

MEEX, an exchange supported by a local consortia in Hong Kong, announced that it has prepared to apply for VASP licences. It currently supports BTC ETH spot trading. Users must follow strict AML/CFT and KYC standards. At present, all major local consortiums in Hong Kong have… https://t.co/d0xiJZD7tb

June 2 Options Data: 
22k BTC options are about to expire with a Put Call Ratio of 0.71, a max pain point of $27k and a notional value of $590 million.    
131k ETH options are about to expire, with a Put Call Ratio of 1.00, a max pain point of $1,850 and a notional value of… https://t.co/VPvjrGGSba

VC monthly report: The financing amount in May reached its lowest point since January this year, with Worldcoin taking the lead 

The total financing amount in May was $760 million, which is a 7% decrease compared to the previous month ($820 million in April 2023) and a 66%… https://t.co/C18sjTcenu https://t.co/ym5Bjn5j3V

According to PROTOS, About Capital Management, which announced the acquisition of Huobi in October 2022, said in May this year, "no longer involved with Huobi in any way." About Capital is generally believed to be just Justin Sun's agency for the acquisition of Huobi.… https://t.co/nEdmsAdTDN

A whopping 120,000 ETH block calls were traded today, accounting for 53% of total volume and a notional value of $220 million. 

Giant whales by way of calendar spreads 1) shorting the price 2) shorting the volatility. 

If ETH fails to break above $2300 at the end of this year… https://t.co/EeY8lZGUTv

According to TokenUnlocks, there are 1INCH, SUI, DYDX, APT, BLUR, BIT, APE, IMX, RON, OP, etc. that were unlocked in large amounts in June (unlocked amount more than $10m), and the unlocked value exceeded $500m. https://t.co/tuQYnSlfTZ https://t.co/0iNdkYAW7R

Circle announced that it will start launching native USDC on Arbitrum on June 8 to replace the previous bridge version of USDC from Ethereum. Currently Circle has launched nativeUSDC on Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, and Hedera.… https://t.co/iV3FAwX3b1

CleanSpark announced today that it has spent $40.5 million to purchase 12,500 new S19 XP Bitcoin rigs.  Previously, the company also purchased 20,000 S19j Pro+ mining machines in February and 45,000 S19 XP mining machines in April.https://t.co/4dCisI5EJO

Analyzing the LSDfi project by Lybra Finance: the interest-bearing stablecoin built on LSD https://t.co/n0INOww4Gk https://t.co/aqBQY70KSu

NewHuo, a Hong Kong-listed company controlled by the former founder of Huobi Lilin, has withdrawn its application for crypto exchange license in Hong Kong and Singapore. Some people think that Hong Kong and Singapore compliant exchanges are not profitable. https://t.co/c76wo8T7LR https://t.co/rMXSoHdvv8

OSL, the world’s first HongKong SFC-licensed and insured digital asset platform, announced that it has applied for an uplift to its existing license to facilitate retail trading, in line with the new regulatory requirements effective from June 1, 2023. https://t.co/P1kBUd3A2R

Upbit announced the launch of The Graph (GRT) on the KRW market, and GRT trading will be open at 16:00 on June 1, Korean time.  Announcement Introduction The Graph is a decentralized platform that can query data stored in the blockchain through an API.  https://t.co/vrk8Htlnqb

OKX Wallet released the BRC-30 proposal, an enhanced version of the BRC-20 protocol, which introduces equity operation functions such as deposit, minting, and withdrawal. The proposal states that the staking functionality is to enable BRC-20 token holders to earn passive income.… https://t.co/sd8ZPO1SKt

HongKong SFC announced the Circular on transitional arrangements of the new licensing regime for virtual asset trading platforms. Applicable only to platforms that offer trading of non-security tokens. During the transition period, the platform can continue to provide services… https://t.co/OZkjgdnoQa

Due to community rumors being investigated by the police, Gate had a net outflow of US$130 million in the past 24 hours, accounting for about 10% of its net reserve assets of US$1.26 billion (excluding GT). Gate responded that all operations and withdrawals are normal.… https://t.co/q657yNknkW

unshETH: One of the deployer private keys for unshETH contracts was compromised. We emergency paused withdrawals on unshETH Ether.  Given our security model, unshETH Ether deposits ($35m tvl) are secured with multisig + timelock and are not at risk. Some of the ancillary protocol… https://t.co/YxZ59HYhpT https://t.co/b8cJy1hxh7

Analyzing Abyss World: Sui Ecosystem 3A Game, with 120,000 Steam Wishlists, Can It Carry the New Hope of Blockchain Games? Read more: https://t.co/ADlPe0dUMz https://t.co/TFZoK8UWrV

For Jump: most of the approvals have set limits, indicating overall good management. However, the USDC was approved to the Curve contract on February 4, 2021, without setting a limit, and it has not been canceled since then.

Multichain recently experienced an event beyond its control, but Kucoin did not immediately cancel the approval for the Multichain contract.

Large amounts of USDT ($500 million), USDC ($290 million), KCS ($480 million), and other cryptocurrencies in this address were all… https://t.co/o3HJBFTHqm

For Binance, regarding the approval for BUSD, more than two years have passed without any cleanup. Also, a large number of cryptocurrencies have unlimited approval limits. 

Binance reply us that the team is optimizing the stake process to reduce any potential smart contract… https://t.co/bYJuKkYxOl

Dilation Effect Research: Contract Approval Risks in the Main Wallets of Binance, KuCoin, and Jump

https://t.co/nL5PuhXJT3 https://t.co/rJKHNfOMPO

Multichain: We are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance. We have decided to suspend the corresponding cross-chain service for the affected chain on the UI. Including: Kekchain, PublicMint, Dyno Chain, Red Light Chain,… https://t.co/DFSw5rrniy

Just In: The unsheth vault of the LSDfi protocol is suspected of having a security risk. The data on the chain shows that the vault seems to be unable to withdraw coin. The official said in Discord that emergency measures have been activated, and the relevant Ethereum funds are… https://t.co/7DTAqEGGbB

There are currently more than 10 million people with Polygon-based Reddit collectible avatars, a total of 13.99 million, with a current market value of $39,611,774. Cumulative sales amounted to $32,704,898, with over 300,000 sales transactions. H/T @NFTgators… https://t.co/vVkFGFWW9Z

- Hong Kong SFC concludes consultation on regulation of virtual asset trading platforms, what are the seven key points?
https://t.co/VNk9dyYQcU

- HongKong Guideline on Anti-Money Laundering: Regulatory Requirements for Crypto Currencies and How to Identify Money Laundering… https://t.co/pLc01MFSGk

- Hong Kong Securities Regulatory Commission official original text: If DeFi involves securities and futures trading, it also needs to be licensed
https://t.co/zzcNULuNuf

- Fore Elite Capital: How to do a compliant cryptocurrency fund in Hong Kong?
https://t.co/IymQaxDMJS

- Hong Kong government's 20 key points on cryptocurrency compliance documents https://t.co/9A1htuJ8Bt

- Underestimated Ambitions and Three Challenges: Unveiling the Hong Kong Cryptocurrency Consultation Paper https://t.co/hRF9HTNMb6

Hong Kong is about to enter June 1 (UTC+8), which is the beginning of Hong Kong's new cryptocurrency regulatory policy. While not the crypto-heaven that many are bragging about, it does offer hope.

Read these articles to learn about a new HK

Binance announced an update to its rebate model: All VIP 3 and above users will have 40% off their trading fees for spot and margin trades, but the referrer will not receive referral commissions from the invitee’s spot or margin trades. It will resume receiving referral… https://t.co/OZPwXZn60n

Correction: Layoffs in June next month may be about 20%, not was about 20%. Sorry about the typo.

Binance: This is not a case of rightsizing, we will still be seeking to fill hundreds of open roles. New user registration remains strong. “We periodically review how we can best allocate our talent to the right teams with the right resources. And sometimes, this inevitably leads… https://t.co/Q8lS3gJ8sD

Updated: Starting from June 26, Binance will delist 12 privacy tokens including XMR, ZEC and others in France, Italy, Spain and Poland.
https://t.co/Lw3JpT9Gjn https://t.co/leQetPOX98

The compensation plan will be formulated according to different situations in different places.  However, some departments are still continuing to recruit. The layoffs may be related to the poor overall market and the large expansion before.

SCOOP: According to multiple sources who confirmed to WuBlockchain, Binance has started layoffs, and the proportion is still uncertain.  

The total number of Binance employees is about 8,000, market rumors that the proportion of layoffs in June was about 20%. As of press time,… https://t.co/LE5qSOn0cq

According to Ninja News, in order to comply with local regulatory requirements, Binance prohibits French users from trading privacy tokens, including DCR, DASH, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM, XMR, MOB. https://t.co/zZDlSlUyMw

The reason why the CNHC team was investigated by the Shanghai police may have nothing to do with the cryptocurrency and stablecoin business. The team has been engaged in cross-border payment of funds for a long time, transferring overseas US dollars to offshore CNY and then… https://t.co/BBS1v8oYRV

Options are about to enter delivery month. The June options positions of both BTC and ETH currently stand at 45%, with BTC's short term share growing and ETH's short term share declining. ETH has now fully caught up with BTC in the centralised financial derivatives space. Read… https://t.co/TIk5zEQa3D

In March, CNHC just announced the completion of a US$10 million A+ round of financing led by KuCoin Ventures. Other investors include Circle and IDG Capital.

According to a PANEWS, the offshore CNY stablecoin CNHC and the HKD stablecoin issuer Trust Reserve team were taken away by the Chinese police for investigation. The office has been seized by the judiciary. https://t.co/zUKOnTW8c8 https://t.co/GK4vLJzWb5

Shane Fontaine, co-founder of Hop Protocol, initiated the proposal of "HOP Airdrop Sybil Hunter Distribution". The current support rate is 99.46%. 869,566 HOP tokens will be distributed to 35 witch hunter addresses, which helped the project when Hop DAO was launched last year.… https://t.co/407Sy8YAkW

Founder’s Field Guide to Token Market Making By @paperclip_vc 

This article introduces the definition, function, operation mode and charging method of cryptocurrency market makers in detail. It also explains in detail the risks associated with options as rewards. 

Read more:… https://t.co/WZS6i8O0xK

Bybit, which recently opened its global headquarters in Dubai, joins Binance among other crypto exchanges who have shut down its operations in Canada amid a challenging regulatory environment in the country which revealed new guidance for crypto companies in February that forces… https://t.co/gdvfNvYSnF

Cryptocurrency data analysis product Nansen announced a 30% layoff. In 2021, Nansen announced that it has received US$75 million in financing, led by a16z and Tiger. 

MaskNetwork founder Suji suggested that Nansen can lower premium cost and sell yearly NFT pass for access and… https://t.co/xrBy05ks4u

Binance is discussing a proposal to let some of its institutional clients keep their trading collateral at a bank instead of with the crypto platform, a step that could help reduce counterparty risk. Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as… https://t.co/gph9dRFyvk

Exploring Worldcoin: Features, Privacy, and Challenges 

Read more: https://t.co/Vl1STm9ROs https://t.co/NqWjbVdHWw https://t.co/eXsYoukFqy

The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority agreed to strengthen cooperation in three major areas including virtual asset regulations and developments. The progress of cryptocurrency regulation in Dubai and Hong Kong is currently attracting… https://t.co/gLgPYdbSJy

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