headlines
▌One of the main designers of The DAO left the Ethereum community after nine years
Stephan Tual, one of the main architects behind The DAO, has left the Ethereum community after nine years. Tual said he now intends to focus on other technologies, including mesh networking and software-based radio communications. In January 2014, Tual joined the Ethereum project as Chief Communications Officer, where he worked until September 2015. At the time he left to start Slock.it, a company that had created a framework for building DAOs in 2016, and that year a large community of developers adopted the framework, collaborated with Slock.it, and used it to launch what became known as A project for TheDAO. Before a bug in its code was exploited, The DAO attracted massive investment, raising 15% of all Ethereum (ETH) in circulation at the time. The problem was so severe that the Ethereum blockchain eventually forked, giving rise to Ethereum and Ethereum Classic as we know them today. After buggy code was exploited to bring The DAO down, Tual faded into obscurity, but remains active in the Ethereum community. He left Slock.it in 2017 to create a cryptocurrency-focused incubator and continues to host Ethereum community events in London.
▌Bitcoin traders suffered $210 million long liquidation on Friday
Bitcoin traders suffered $210 million in long liquidations on Friday, the largest liquidation event since June, according to The Block.
policy
▌Thailand SEC warns investors about the risks of DeFi transactions
Thailand’s Securities and Exchange Commission has asked cryptocurrency investors in the country to be cautious about DeFi transactions, saying they are risky. Regulators argue that local regulators cannot rein in the fledgling industry. The Thai SEC said in a statement that DeFi services have become popular, especially deposit and lending services. But these services are risky because there may be no mechanism in the DeFi platform to control the operation of executing the terms of the smart contract. Therefore, investors are advised to research any DeFi scheme before joining. Because deposit and lending services are not regulated by Thailand's financial and capital market regulator.
cryptocurrency
▌Bayc series NFT floor price fell below 70 ETH
According to OpenSea data, the Bored Ape Yacht Club (BAYC) series NFT floor price has fallen below 70 ETH. As of press time, OpenSea shows that the BAYC floor price is 68.89 ETH.
▌Wall Street Journal: Celsius spent $40 million in cash on mining operations two weeks before bankruptcy
Celsius burned through more than $40 million in cash on cryptocurrency mining operations in the two weeks before declaring bankruptcy, Chief Financial Officer Chris Ferraro said in a meeting with creditors on Friday. It is reported that Shara Cornell (Shara Cornell) of the U.S. Office of the Trustee discovered the capital expenditure at the meeting, and Chris Ferraro finally admitted that the money was used to pay for mining equipment-related electricity bills and other expenses, and Claiming that Celsius believes it is worth spending money on mining operations because "the saturation of mining platforms in the market means their value has declined, Celsius' mining operations are expected to be profitable by January 2023".
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