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- CZ Is About To Be Released! But A New Lawsuit Might Send Him Back To Jail?
CZ Is About To Be Released! But A New Lawsuit Might Send Him Back To Jail?
Also: Zivoe Raised $1.2M In First Hour Of Launch, USDC To Integrate With Apple Pay, Justin Sun Rugs USDD!?
🥳 GM GM
Happy Friday Everyone!
Welcome back to your weekly dose of web3 insights! Your go to source for everything DeFi, RWAs, and Zivoe.
We’ve got a short and sweet one for you today:
Market Movements
Bite-Sized Bits
Zivoe Launched Yesterday! Day 1 Recap 🎉
Memes Of The Moment
📈 Market Movements
Markets rebound this week as ETH ETF outflows slow down!
🟠 Bitcoin: $61,025.61 (+ 4.27%)
🔵 Ethereum: $2,655.44 (+ 1.91%)
🟣 Solana: $144.04 (+ 1.67%)
🟡 Fear & Greed Index: 34 (Fear)
When Does The Bull Market Start?Vote In The Poll Below |
🍪 Bite-Sized Bits
🚀 Zivoe Raised $1.2M In First Hour Of Launch!
Zivoe officially launched its Initial Tranche Offering yesterday, attracting $1.2M in deposits in the first hour. Between now and September 21st, you can deposit stablecoins to start earning $ZVE Airdrop Points!
🧑⚖️ Binance and CZ Hit with New Class Action Lawsuit Alleging Money Laundering
In short, "CZ did a RICO, your honor." Just as CZ is about to be released from prison, a new class action lawsuit in Seattle Federal Court alleges consumer harm as a result of Binance's money laundering activites, which could send CZ right back to prison if found guilty. Although critics doubt it will get that far.
🍎 USDC To Integrate With Apple Pay
Jeremy Allaire, the CEO of stablecoin firm Circle, says his firm is planning to introduce tap-and-go payments on iPhones after a move from Apple to open up development on iPhone secure payments chips to third-party developers.
🚓 Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
All of USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. Justin replaced the collateral with TRON.
🖋️ Proof-of-Ink by Gavin Wood: The tattoo that secures your Web3 privacy
“Proof-of-Ink,” set to launch in Q4, will enable users to prove their digital individuality in a privacy-preserving manner through a unique tattoo serving as proof of digital citizenship. Sounds pretty dystopian to me 🙈
💰 Michael Egorov Requests 21M CRV Grant To Fund Curve’s Development Team
CRV holders are unhappy with the proposal requesting 44% of the Curve Community Fund’s holdings ($6.35M) without providing a detailed costing analysis.
🔄 MakerDAO to Offer Optional MKR Conversions for New Governance Token
MakerDAO issues NewGovToken (NGT) and NewStableToken (NST) as a part of its "endgame" plan. Maker hopes the new tokens will increase governance participation and unlock new ways to generate revenue.
📉 Just 3% of Pump.Fun Traders Have Made Over $1000
Users are growing increasingly frustrated with the rollercoaster price action of memecoins on the leading Solana-based launchpad platform.
👩🏼💻 McDonald’s Instagram Hacked to Promote Solana-Based Scam Meme Coin ‘Grimace’
The hackers reportedly siphoned over $700,000 in Solana during the scheme. Screenshots from X revealed that the McDonald’s Instagram page was altered to endorse the token as a “McDonald’s experiment on Solana.”
👨🏻🔬 Binance to hire 1,000 employees this year
Binance plans to hire 1,000 new employees by the end of 2024, with 20% of those new hires focused on compliance, bringing its compliance team to 700 people.
💵 Cryptos Soon to be Included in US Definition of "Currency”
The U.S. government is considering revising the definition of "currency" under the Bank Secrecy Act to include cryptos. This initiative would apply the same reporting rules to cryptos as to fiat currencies.
🇦🇪 Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. central bank's Payment Token Services Regulation
🚀 Zivoe Launched Yesterday!
Yesterday at 11 AM EST, Zivoe launched its Initial Tranche Offering, opening deposits to its Real World Asset protocol for the very first time. Users rushed to deposit over $1.2M within the first hour of launch!
🚨 Breaking: $1.2M Raised In The 1st Hour Of The #ITO
Deposit Now 👇🏽
app.zivoe.comx.com/i/web/status/1…— Zivoe (@ZivoeProtocol)
4:01 PM • Aug 22, 2024
For those of you unfamiliar with Zivoe, we are a RWA protocol that’s connecting DeFi to consumer credit markets. We enable DeFi users to fund off chain loans to retail borrowers and earn yield from them on-chain. More specifically, we help borrowers with high-interest loans (300% APR+) refinance their existing debts and help pay them off using DeFi liquidity.
The Initial Tranche Offering (ITO) is a 30 day liquidity bootstrapping event, during which DeFi users are able to deposit a variety of stablecoins with Zivoe. Depositors can choose between our Senior Tranche (earns up to 10% APR) and our Junior Tranche (earns up to 22% APR). Depositors also earn $ZVE Airdrop Points for depositing.
To learn more check out this video below. To deposit, head over to our dApp.
🌎 Check Out Our Friends At RWA World!
Missed our space with RWA World this morning? We recapped the first 24 Hours of our launch! Go check it out!
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🐸 Memes Of The Moment
POV : You have just sold 0.5 BTC in 2030
— naiive (@naiivememe)
9:42 AM • Aug 23, 2024
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