Daily Report ｜Bitget Responds: Platform Operations Are Running Smoothly; OKX to Launch Artyfact (ARTY)

Organizer: Luan Peng, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Bitget Responds: Platform Operations Are Normal
According to ChainCatcher, Bitget has released a statement in response to recent market rumors. The announcement states: "Since our establishment in 2018, Bitget has adhered to compliant operations. To this end, we continuously strengthen our compliance team and enhance the platform's KYC and anti-money laundering (AML) measures. Bitget's operations and services are normal, deposit and withdrawal channels are smooth, and all employees are on duty. Please do not believe rumors and do not be deceived. At the same time, we encourage healthy competition within the industry, but we express regret over the malicious smear campaigns by some competitors who 'buy black articles'; we reserve the right to pursue legal responsibility against accounts that maliciously spread false information." (Source link)

2. Binance 2023 Contract Championship Exceeds 5,700 Teams, Setting a New Record
According to ChainCatcher, Binance announced that there are only 7 days left until the end of the Binance 2023 Contract Championship, with currently 85,000 qualified participants and over 5,700 teams competing, marking a historical high for the number of teams in the Binance contract championship. As of now, the Binance 2023 Contract Championship has unlocked a prize pool of 300,000 USDT. (Source link)

3. OKX to Launch Artyfact (ARTY)
According to ChainCatcher, OKX has announced that it will list the Artyfact (ARTY) token on its spot trading market. Deposits for the ARTY token will open at 18:00 on December 18, 2023, spot trading will commence at 20:00 on December 21, 2023, and withdrawals will be available starting at 18:00 on December 22, 2023. It is reported that Artyfact is a next-generation gaming metaverse platform that combines the latest gaming technology with innovative GameFi activities, with a total token supply of 25 million.

It is reported that C1 is seeking to invest in "entities with a valuation of at least $300 million in the last round of financing, preferably in Series C and beyond," with a desired investment amount between $20 million and $50 million. (Source link)

4. Public Chain Project Artela to Launch Public Testnet in January 2024
According to ChainCatcher, Artela has announced that it will launch its public testnet on January 8, 2024. The first phase of the testnet will support Aspect programming and the public testing of Artela EVM, and will initiate a validator incentive program.

Artela will also hold a series of developer activities around the testnet. The first phase of the Artela testnet will publicly test Artela's two core technologies, Aspect programming and Artela EVM, and provide the tools and documentation needed for building dApps on the testnet. Artela will also release multiple end-to-end use cases to guide developers in building innovative applications based on Aspect. (Source link)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. "Circle's New Battle for Stablecoins Under IPO Resurgence: Why TUSD and FDUSD Are Rising?"

Recently, Bloomberg reported that stablecoin issuer Circle is planning to restart its IPO in early 2024. Compared to its previous tumultuous listing journey, this time Circle's IPO restart may be even more challenging. Currently, the market value of USDC has nearly halved, dropping from $45 billion at the beginning of the year to about $24 billion.

As the market share of USDC has significantly shrunk, the entire stablecoin market landscape is being reshaped in 2023. On one hand, regulatory crackdowns and de-pegging issues have severely impacted leading stablecoins like BUSD and USDC, providing opportunities for new forces to break through; on the other hand, the emergence of yield-bearing stablecoins and the entry of Web2 giant PayPal have brought more imagination to the stablecoin market.

The ranking of the top five stablecoins by market capitalization has undergone significant changes. With BUSD fading from the stage and USDC facing de-pegging issues, aside from DAI seizing the position of the third-largest stablecoin, the low-profile veteran stablecoin TUSD and the new stablecoin FDUSD have risen to become the fourth and fifth largest stablecoins by market capitalization.

The market share of new forces like yield-bearing stablecoins and Web2 giant stablecoins is still relatively small and will require a longer time to be tested. However, TUSD and FDUSD, which have already reached a market capitalization of several billion dollars and are growing rapidly, have initially gained market validation.

2. "New Insights on Rollup Scaling Solutions: How Taiko's BBR Reshapes Ethereum and L2?"

A few years ago, Ethereum adopted a Rollup-centric roadmap. Since then, the Ethereum community has proposed various Rollup design solutions, all aimed at scaling our beloved blockchain in some way.

Today, this article will detail the new Rollup design solution we launched a few months ago, which we believe is very close to becoming a native Ethereum scaling solution, which we call "Based Booster Rollup" (BBR).

Let's take a look at the vision of "Based Booster Rollup."

3. "Arweave Faces Forking Controversy, Founder Criticizes Storage Solution Irys"

The perpetual storage protocol Arweave is embroiled in a forking controversy, as its storage solution Irys (formerly Bundlr Network) is considering forking Arweave, ceasing to maintain ecological datasets, and resetting token supply. Arweave founder Sam Williams publicly criticized Irys's actions as driven by greed, choosing the aforementioned "antisocial fork." Here is the full statement from Sam Williams on social media:

This week, Irys plans to fork Arweave.

Forking is necessary for maintaining long-term resilience in permanent storage. There are both pro-social and anti-social ways to fork Arweave, and unfortunately, Irys is pursuing the latter. Today, let's discuss this issue.