Headlines
▌Base Ecosystem Fund Announces Six Investments
LianGuai reports that Base Ecosystem Fund, a fund under L2 Base officially launched by Coinbase, has completed investments in six projects. The projects include the Avantis synthetic derivatives protocol based on oracles, the decentralized limit order book BSX, the on-chain self-custody service Onboard, the L2 insurance aggregator OpenCover in collaboration with Nexus Mutual, the on-chain creator platform LianGuairagraph, and the on-chain financial oracle Truflation. Base has not disclosed the specific investment amounts in these projects but has stated that it will work with the respective teams to promote the development of the Base ecosystem and onboard more builders and users to the chain.
▌Data: 42% of Dogecoin holders are in a profitable state
LianGuai reports that IntoTheBlock, a blockchain data analysis platform, revealed in a recent report that 42% of Dogecoin holders are in a profitable state. The report compared the profitability of the top 6 popular meme coins and showed that DOGE had the highest proportion of profitable holders, but 44% of DOGE tokens are held by whales. Among PEPE holders, 21% are in a profitable state, and 49% of PEPE tokens are held by whales.
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▌Beijing: Focusing on developing general artificial intelligence, 6G, metaverse, and other segmented industries
LianGuai reports that the General Office of the Beijing Municipal People’s Government has issued the “Implementation Plan for Promoting the Innovative Development of Future Industries in Beijing.” The plan aims to form a number of disruptive technologies and major original achievements, build application scenarios, pilot platforms, and technical standards, nurture industry-leading enterprises and unicorn companies, establish innovation centers and innovation alliances, and cultivate and attract strategic scientists, industry leaders, industrial managers, and outstanding engineers by 2030. By 2035, it aims to gather innovative entities with international influence and discourse power, constantly explore new fields and tracks in the industry, shape new development drivers and advantages, form several globally leading future industry clusters, and build a talent highland for pioneering the world’s technology industry frontier, becoming a leader in global future industry development. Focusing on future information communication and advanced computing needs, the regions of Haidian, Chaoyang, Shijingshan, Tongzhou, Beijing Economic-Technological Development Area, etc., will focus on developing general artificial intelligence, the sixth generation of mobile communication (6G), metaverse, quantum information, optoelectronics, and other segmented industries.
Market
As of the time of writing, according to coinmarketcap data:
BTC recent trading price is $25,897.1, with a daily change of -1.34%;
ETH recent trading price is $1,636.71, with a daily change of -0.69%;
BNB recent trading price is $214.5, with a daily change of -1.20%;
XRP recently traded at $0.50493, with a intraday change of -0.04%;
DOGE recently traded at $0.063628, with a intraday change of -0.04%;
ADA recently traded at $0.2545, with a intraday change of -1.36%;
MATIC recently traded at $0.543, with a intraday change of -2.15%.
Policies
▌The Hong Kong Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) submits suggestions on the “Policy Address”: The Hong Kong government should launch projects such as Web 3.0, artificial intelligence, and sustainable investment
LianGuai reported that Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region, will release the “Policy Address” next month. The Hong Kong Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) submitted suggestions on the “Policy Address” this morning. Chen Zhongni, a member of the Election Committee, pointed out that in order to attract overseas Renminbi investments, Hong Kong must attract more companies from other countries and national sovereign funds. It is suggested that the authorities promote the Hong Kong market and launch projects such as Web 3.0, artificial intelligence, and sustainable investment.
▌The Ministry of Industry and Information Technology and four other departments issued the “Three-Year Action Plan for Innovative Development of the Metaverse Industry (2023-2025)”
LianGuai reported that the General Office of the Ministry of Industry and Information Technology and four other departments issued a notice on the issuance of the “Three-Year Action Plan for Innovative Development of the Metaverse Industry (2023-2025)”. It mentioned that by 2025, breakthroughs will be made in metaverse technology, industry, applications, and governance, making it an important growth pole of the digital economy. The industry will have a large scale, a reasonable layout, and an improved technological system. The supporting capacity of the industrial technology foundation will be further strengthened, and comprehensive strength will reach the advanced level in the world. It aims to cultivate 3 to 5 ecological enterprises with global influence and a group of specialized and innovative small and medium-sized enterprises, and build 3 to 5 industrial development clusters. The development of industrial metaverse will begin to show results, creating a number of typical applications and forming a group of benchmark production lines, factories, and parks. Building a cultural and tourism metaverse, providing digital collections, digital interpretation, and XR guides for application scenarios such as cultural venues, tourist attractions, festivals, and activities. Creating new forms of digital performing arts and “cloud tourism” to build immersive smart cultural and tourism experience spaces. Constructing three-dimensional models of goods, digital shopping assistants, and virtual malls to enhance immersive shopping experiences. Accelerating the application of metaverse in the broadcasting and television scene, promoting the establishment of a program production and broadcasting system in metaverse form, establishing a virtual production, virtual and real integration tool pool, and public service platform, promoting the iteration and innovation of program production tools, and creating a new model for future television to enhance media service capabilities and enrich the spiritual world of the people.
Blockchain Applications
▌Bank of China (Hong Kong) issues digital RMB red packets to promote retail consumption in mainland China and Hong Kong
LianGuai report, in order to further promote the digital RMB service, Bank of China Hong Kong has partnered with the Futian District People’s Government of Shenzhen, the Luohu District People’s Government of Shenzhen, and the Bank of China Shenzhen Branch to launch the second phase of the “Cross-border Shopping Festival” for local customers from Hong Kong. Bank of China Hong Kong hopes to expand the cross-border customer base of the digital RMB and promote retail consumption in Mainland China and Hong Kong. Citizens can apply for eligibility to use the digital RMB wallet through the local and cross-border mobile payment application BoC LianGuaiy provided by Bank of China Hong Kong. From now until September 24th, the first 3,888 registered citizens who are successful in registration will receive a 300 yuan digital RMB consumption voucher. In addition to using the digital RMB wallet at designated offline stores in Mainland China and Hong Kong, citizens can also use the digital RMB to make payments on different mainstream e-commerce platforms in Mainland China.
Cryptocurrency
▌Base Ecosystem Fund announces investments in six projects
LianGuai report, Base, launched by Coinbase, has announced that its Base Ecosystem Fund has completed investments in six projects, including Avantis, a synthetic derivatives protocol based on oracles, BSX, a decentralized limit order book, Onboard, an on-chain self-custody service, OpenCover, an L2 insurance aggregator working with Nexus Mutual, LianGuairagraph, an on-chain creator platform, and Truflation, an on-chain financial oracle. Base has not disclosed the specific amount of investment in these projects, but stated that it will work with the respective teams to promote the development of the Base ecosystem and bring more builders and users onto the chain.
▌MakerDAO contributors propose allocating up to $100 million to explore tokenized treasury bills
LianGuai report, the financial consulting firm Steakhouse, focusing on DAO, and the R&D company Phoenix Labs have collaborated to propose that the MakerDAO community consider allocating up to $100 million from its reserve to invest in tokenized U.S. Treasury bills (T-Bills) products. The proposal is currently in the discussion stage. The proposal states, “We propose that MakerDAO consider allocating up to $100 million to develop and test tokenized treasury bill products.”
▌Binance NFT will no longer support the Polygon network and will stop The Sandbox NFT staking program
LianGuai report, Binance announced that as part of the ongoing simplification of the Binance NFT marketplace product offering, after careful consideration and evaluation, Binance NFT will stop The Sandbox NFT staking program at 14:00 on September 26, 2023 (UTC+8). Starting from 14:00 on September 26, 2023 (UTC+8), users will no longer be able to stake LAND NFT hosted on the Polygon network on the Binance NFT marketplace to earn daily The Sandbox (SAND) rewards. All LAND NFT currently staked on the Binance NFT marketplace will automatically unstake on September 27, 2023 (UTC+8) and return to the users’ Binance accounts after 10:00 on September 28, 2023 (UTC+8). The final SAND daily rewards will also be automatically distributed to users’ spot wallets after 10:00 on September 28, 2023 (UTC+8). In addition, Binance NFT will no longer support the Polygon network starting from 14:00 on September 26, 2023 (UTC+8). Users should withdraw their NFT from the Binance NFT marketplace via the Polygon network by 07:59 on January 1, 2024 (UTC+8). More detailed information will be provided to affected users in the future.
▌CZ: Suggesting iOS users update to version 16.6.1 to avoid fund loss
On September 8th, Binance founder CZ stated on X (formerly known as Twitter) that the recent iOS/iPadOS 16.6.1 update released by Apple contains a security patch fixing the iMessage vulnerability. This vulnerability allows remote code execution without any action from the victim. CZ mentioned that this vulnerability has been exploited by the hacker group Pegasus, and advises users to update their systems immediately to protect themselves from attacks. Previously, 23pds, the Chief Information Security Officer of SlowMist, stated on X platform that the Pegasus organization is attacking through a zero-click vulnerability in the iOS system. Attackers use the LianGuaiSSKit attachment of a malicious image sent from an iMessage account to trigger the attack. The exploit chain has been publicly disclosed, and Apple users can be infected without any interaction. This vulnerability has been exploited, and Apple has urgently released a patch update. 23pds advises cryptocurrency industry practitioners to immediately update their Apple products in use.
▌TrueUSD: TUSD’s reserve assets exceed 3.43 billion US dollars
On September 8th, stablecoin TrueUSD released its monthly report stating that as of August 31st, the total circulating supply of TUSD was 3,428,661,056 tokens, with reserve assets totaling 3,434,637,816 US dollars.
Important Economic News
▌U.S. Commodity Futures Trading Commission: Speculative long positions increase as of September 5th
U.S. Commodity Futures Trading Commission (CFTC): As of the week ending September 5th,
(1) Speculative long positions in natural gas futures on NYMEX and ICE markets turned into net long positions, totaling 20,239 contracts.
(2) Speculators increased net short positions in CBOT U.S. 2-year Treasury Note futures by 48,034 contracts to 1,217,890 contracts, increased net short positions in U.S. 5-year Treasury Note futures by 51,645 contracts to 1,056,268 contracts, decreased net short positions in U.S. 10-year Treasury Note futures by 14,018 contracts to 791,535 contracts, and decreased net short positions in ultra-long Treasury Bond futures by 2,598 contracts to 378,271 contracts.
(3) Speculative long positions in COMEX copper futures turned into net long positions, totaling 3,904 contracts.
(4) Speculative net long positions in COMEX silver futures decreased by 3,501 contracts to 13,978 contracts.
(5) Speculative net long positions in WTI crude oil futures increased by 72,159 contracts to 225,035 contracts.
(6) Speculative net long positions in COMEX gold futures increased by 8,206 contracts to 66,340 contracts. (Jinse Data App)
LianGuai Encyclopedia
▌Digital Signature
A digital signature algorithm is a process where a user can use a private key to generate a short string of data called a signature for a document, allowing anyone who has the corresponding public key, signature, and document to verify it.
(1) The file is “signed” by the owner of a specific private key.
(2) The document has not been changed after being signed. Please note that this is different from traditional signatures, where you can blot out extra text after signing, and doing so cannot be distinguished; any changes to the document after a digital signature will render the signature invalid.
Disclaimer: As a blockchain information platform, LianGuai’s published articles are for information reference only and should not be taken as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
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