TON Foundation Competes for World's Fastest Blockchain Title in Guinness World Records Challenge
The TON Foundation has announced its participation in a competition approved by the Guinness World Records to earn the title of "world's fastest blockchain". The TON blockchain will showcase its dependability, scalability, and speed in a public network performance test scheduled for October 31, 2023.
Parity Technologies, the Polkadot Ecosystem Development Organization, Laid Off More Than 300 People This Week
On October 12th, according to sources cited by on-chain analyst Thiccy, Parity Technologies, a Polkadot ecosystem development organization, laid off over 300 employees this week. In addition, Parity Technologies tweeted that it is stopping its marketing efforts to make room for new ecosystem leaders outside of Parity.
RugPull Occurred on 2049 Tokens on BNB Chain, Resulting in a Loss of Approximately US$82,000
BlockBeats News, on October 12th, according to PeShield monitoring, a RugPull occurred on the BNB Chain involving the 2049 token. The price of 2049 has dropped 100% in a short period of time and the stolen asset value is approximately $82,000.
EU Regulator Says DeFi Not Yet a Significant Risk to Financial Stability, But Requires Monitoring
The European Union's financial markets and securities regulator, the European Securities and Markets Authority (ESMA), has stated that while decentralized finance (DeFi) does require monitoring, it does not pose a significant risk to overall financial stability. The ESMA's report on DeFi in the EU noted that the relatively small size of the crypto-assets markets, including DeFi, and limited contagion channels between crypto and traditional financial markets mean that they do not represent a meaningful risk to financial stability at this point.
US Senators Express Concerns Over Delayed Implementation of Proposed Tax Reporting Rule for Cryptocurrency Brokers
Several U.S. Senators, including Elizabeth Warren and Bernie Sanders, have raised concerns about the delayed implementation of a proposed tax reporting rule for cryptocurrency brokers. The Senators believe that the delay would violate the requirements of the bipartisan Infrastructure Investment and Jobs Act and result in the loss of billions of dollars in tax revenue.
Arca Transferred All 1.48 Million ARB to Binance
According to on-chain analyst Yu Jin's monitoring, on October 12th, BlockBeats reported that on June 8th, Arca withdrew 1.48 million ARB (equivalent to 1.68 million US dollars) from Coinbase at an average price of 1.13 US dollars. Early this morning, Arca transferred all ARB to Binance at an average price of 0.82 US dollars.
After holding for 4 months, Arca's ARB investment is expected to incur a loss of 460,000 US dollars (-27%). In addition, the DYDX and GMX that Arca's address still holds are also in a floating loss state.
DeFi Saver launches automated strategy that can set Gas
DeFi management platform DeFi Saver has announced the launch of its first gas-settable automated strategy. Aave v3's stop-loss and profit-taking options can be enabled with the maximum gas price to help users further minimize losses or maximize profits. These new stop-loss and take-profit (using maximum gas) options actually have two on-chain triggers configured by the user: a threshold price (for the collateral used) and a maximum gas price (in Gwei), both of which must be met in order for automation to be executed.
Binance Will Launch LOOM 1–10x U-margined Perpetual Contract
Official announcement, Binance will launch LOOM 1-10x U perpetual contract on October 11th at 22:30 (GMT+8).
Uniswap Foundation Requests $46.2 Million From DAO to Support Work Over the Next 2 Years
The Uniswap Foundation has initiated a proposal to request the allocation of the remaining $46.2 million from last year's initial funding to support their work for the next 2 years. Of this amount, $28.33 million will be used for grants, while $13.6 million (including 11.4 million USD and 508,000 UNI) will be used for operations, with a 10% buffer added to mitigate price fluctuations. The proposal will be open for voting within 2 days and will last for 5 days.
Coral Finance Will Issue Token Airdrops to Zepoch Nodes and Tyndall PASS Holders
Coral Finance, a DeFi derivatives protocol on Nautilus Chain, has announced its latest airdrop plan. 3% (15 million tokens) of the governance token $CORL will be used to distribute airdrops to Zepoch node holders and Tyndall PASS holders. Zepoch node holders must complete a series of tasks, including interacting with Coral Finance, to be eligible for the airdrop.
