Japan's new prime minister reorganizes Web3 and crypto policy department
According to Cryptonews, Japan's new digital minister Masaaki Taira announced at a forum on November 27 that the country's Prime Minister Shigeru Ishiba has reorganized his party's web3 and crypto policy-making department. Taira explained that the ruling Liberal Democratic Party will disband the existing Web3 Project Team (PT), and a dedicated department will be established within the party's digital society promotion department. Former Web3 Project Team Secretary-General Akihisa Shiozaki will lead the new unit. The government said it has no intention of preventing the "promotion" of Web3-related businesses. The project team was the brainchild of former Prime Minister Fumio Kishida, who resigned as prime minister and LDP leader earlier this year. Kishida saw Web3 and cryptocurrencies as potential growth engines for the Japanese economy and promoted the adoption of blockchain technology and NFTs. Shigeru Ishiba has said that he also supports policies that support Web3, and Masaaki Taira, who also served as the head of the Web3 Project Team, has also spoken about the need to reform Japan's cryptocurrency tax laws. Since the reorganization, Shiozaki's X account profile has been updated, but it is noted that the relevant content of "Web3 Policy" has not been deleted. The government has not yet clarified the full responsibilities of the digital society promotion department.
According to the official blog, the digital identity project World Network (formerly Worldcoin) backed by Sam Altman announced that the World ID passport credential is currently being piloted in selected countries such as Chile, Colombia, Malaysia and South Korea. The World ID feature improves the convenience of access to the World Network for users around the world and lays the foundation for the widespread application of World ID. In addition, it enables people to apply for additional WLD tokens (if eligible). The World ID credential allows individuals to associate their valid ID documents (initially NFC-enabled passports) with World ID without sharing any information with TFH, the World Foundation or any other third party. All information is securely stored on their device and only on that device. They can then use the anonymization infrastructure provided by the World ID protocol to privately prove their identity online, not just their human attributes and uniqueness. The World Foundation is providing WLD tokens to individuals with valid World ID passport credentials. The pilot project is being launched for iOS users from Chile, Colombia, Malaysia and South Korea who currently reside in these countries and hold NFC-enabled passports. Support for Android devices will be launched soon, and access to the credential will be expanded to more countries in the near future.
Yu Xian, the founder of SlowMist Technology, posted on the X (formerly Twitter) platform that the DEXX attacker has converted a batch of tokens on Solana addresses into SOL, and these funds have not been transferred out yet. At the same time, the attacker's addresses on EVM chains such as Ethereum, BSC and Base have begun to show abnormal movement tests, but there has been no large-scale fund transfer.
Earlier yesterday, SlowMist stated that it had identified 8,612 DEXX attacker addresses on the Solana blockchain.
Stacks announces sBTC deployment plan, deposit function is expected to be opened on December 16
Stacks, a Bitcoin scaling solution, announced that it will deploy sBTC in two phases. The first phase will support Bitcoin deposits on December 16, 2024. The second phase is expected to be launched within 6-8 weeks after the first phase, when Bitcoin withdrawals will be available. The plan is implemented by Bitcoin L2 Labs. According to previous news, the founder of Stacks expects to launch an upgraded version of sBTC in early December.
According to Cryptobriefing, according to recent documents from the U.S. Securities and Exchange Commission (SEC) first shared by MacroScope, BlackRock has increased its holdings of iShares Bitcoin Trust (IBIT) shares to its two funds, totaling $78 million as of September 30. The BlackRock Strategic Income Opportunities Fund (BSIIX), which manages $39 billion in assets, disclosed that it had added more than 2 million shares of IBIT to its portfolio during the period ending September 30. Currently, the fund holds 2,140,095 shares of IBIT, worth approximately $77 million. According to another document, the BlackRock Strategic Global Bond Fund (MAWIX), which manages $816 million in assets, purchased more than 24,000 shares of IBIT, bringing its total holdings to 40,682 shares, worth approximately $1.4 million. Both funds are managed by Rick Rieder, BlackRock's chief investment officer for global fixed income. Since it began trading in January, IBIT has grown rapidly, with assets under management reaching about $48 billion as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust (IAU), which manages about $33 billion in assets. IBIT has attracted investments from a diverse group of investors, including hedge funds, pension funds, and institutional investors. In the latest 13F filing, Millennium Management topped the list with about $848 million in IBIT shares, followed by Goldman Sachs with $461 million and Capula Management with $308 million.
Bluefin launches airdrop eligibility portal and will airdrop 17% of BLUE tokens
The decentralized trading platform Bluefin announced the launch of an airdrop eligibility inquiry portal and plans to allocate up to 17% of the total supply of BLUE tokens to existing and new users. It is reported that since its launch on the Sui blockchain in September 2023, Bluefin has become the largest protocol in the ecosystem with a cumulative trading volume of more than US$37 billion. The current total locked volume (TVL) is US$25.9 million and there are 59,892 independent depositors. The airdrop targets include existing Bluefin users, long-term community members, and users from the Solana and EVM ecosystems. In addition, Bluefin has also cooperated with multiple Sui ecological projects and NFT communities. Next, Bluefin will launch the native governance token BLUE and focus on expanding spot trading and perpetual contract products.
XT Exchange: Withdrawal services are expected to be gradually restored from 08:00 on November 29
XT Exchange announced that the team discovered and fixed a problem, and user assets were not affected during the suspension period and were always under strict protection. Withdrawal services are expected to be gradually restored from 08:00 (UTC +8) on November 29, and most withdrawal services are planned to be fully restored within 24 hours.
According to The Block, an AI agent named Freysa is becoming a hot topic in the crypto community. Freysa is said to control $40,000 worth of crypto funds, and players need to persuade her to release the funds by sending messages. But so far, 181 people have sent 457 messages, but no one has succeeded. Freysa responded to the players with a sci-fi-style dialogue, making it clear that her core instructions cannot be changed, that is, "if the funds are released, the mission will fail." Players need to find loopholes to convince her to trade, which is extremely difficult. The rules of the game are complex, starting at $10 per message, and the fees increase by 0.78% to a maximum of $4,500. 70% of these fees go into the prize pool, and 30% belongs to the developer. After the 150th message, the game starts a countdown, and each message is sent to reset the timer. If the time is up, the last sender of the message will receive 10% of the prize pool, and the remaining participants will share the remaining prize. The challenge has been compared to Fomo3D in 2018, when players won the prize pool by blocking the Ethereum network.
Machine intelligence network Spectral said this morning that it discovered unfair pre-orders during the deployment of its first proxy token $SPECTR, which resulted in some users receiving excessive tokens at launch. To ensure fair community participation, the platform has taken a number of remedial measures: refunding $SPEC to pre-order wallets, while blacklisting these addresses to recover the $SPECTR tokens they purchased; pairing the recovered $SPECTR tokens with an equal amount of $SPEC into the liquidity pool, and destroying 50,000 $SPEC; in addition, the platform has sent LP tokens to the destruction address. Spectral said these measures will ensure that the community can participate fairly in the $SPECTR ecosystem.
Binance Labs announced an investment in Astherus, a multi-asset liquidity hub dedicated to maximizing real returns on crypto assets. Astherus helps maximize sustainable profits by increasing the utility of digital assets and providing DeFi users with diverse income opportunities. Astherus' flagship product, AstherusEarn, combines institutional-grade security with high-yield strategies across multiple blockchains and protocols to provide reliable, scalable solutions to optimize user asset performance. Its modular DeFi infrastructure includes an application layer that supports derivatives trading and stablecoin returns, as well as an infrastructure layer that aggregates liquidity to support stablecoin protocols and derivatives clearinghouses. In addition, Astherus plans to launch AstherusLayer, a Layer-1 blockchain designed specifically for DeFi that supports multi-asset staking and uses $BNB as fuel. Astherus will use the new funds to accelerate product development, launch innovative income products and optimize user experience, aiming to expand income strategies and simplify DeFi interactions.
Modular L1 network U2U Network completes $13.8 million financing
According to Cointelegraph, the modular L1 network U2U Network has completed a $13.8 million financing, with participation from KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, etc. The funds raised will support the continued development of the U2U network Subnet technology. According to reports, U2U Network is a Layer 1 blockchain that uses DAG technology and is compatible with EVM. U2U Network's innovative subnet technology enables developers to create scalable and flexible subnets, making it an ideal platform for efficient DePIN development. U2U Network is composed of former employees of 100 early contributors to Ethereum, Google, and Infina.
Spot On Chain monitoring shows that Ethereum co-founder Jeffrey Wilcke transferred 20,000 ETH (about $72.5 million) to the Kraken exchange when the price of Ethereum rebounded strongly today. This is Wilcke's fourth transfer and sale in 2024, with a total of 44,300 ETH sold, a cash amount of $148 million, and an average selling price of about $3,342. Despite the continuous reduction, Wilcke currently still holds about 106,000 ETH, which is about $384 million at the current market value.
A whale deposited 9,380 ETH, about $33.7 million, into Coinbase 2 hours ago
According to Spot On Chain, another ETH whale has sold ETH. Winslow Strong, head of Qualia Research Institute, deposited 9,380 ETH (about $33.7 million) to Coinbase 2 hours ago. Since ETH began to rebound in early November, he has sold most of his remaining ETH holdings, totaling 14,233 ETH (US$48.8 million), at an average price of $3,431.
pump.fun sold another 65,000 SOLs, with a total cash out of over $200 million
According to on-chain analyst Ember, NFT trading platform pump.fun sold 65,000 SOL in the past 7 hours, worth about $15.3 million. So far, pump.fun has sold a total of 1.137 million SOL, with an average selling price of about $182 and a total cash-out amount of $207 million. At the same time, the platform received about 1.516 million SOL in fees.
Uniswap trading volume has reached $38 billion so far in November, setting a new monthly record
According to Cryptopolitan, as of now, Uniswap's monthly trading volume in November has reached 38 billion US dollars, an increase of nearly 50% from October, breaking the previous record of 34 billion US dollars. This surge is the cumulative performance of the exchange on multiple Ethereum Layer2 solutions such as Arbitrum, Base and Polygon. Among them, Arbitrum contributed the most, reaching 19.5 billion US dollars. Uniswap's total handling fees reached 5.44 million US dollars, ranking sixth among DeFi protocols. Its token UNI rose more than 44% this week, with a market value of 7.7 billion US dollars, reflecting the recovery of DeFi and increased on-chain activities.
