Several important events occurred in the cryptocurrency field this week. These include the hacking of the wallet belonging to Chris Larsen, co-founder of Ripple, resulting in the theft of approximately 237 million XRP tokens. BNB Chain released its outlook for 2024, introducing the concept of ONE BNB. Polygon Labs laid off 60 employees, accounting for 19% of its team members. StarkNet and Celestia collaborated to establish a high-throughput Layer 3 network. ZKSync and Optimism proposed building the Treasure Chain based on their STACK. Avalanche announced that its wallet services will cease in March 2024 and migrate to Core Stake. OpenSea claimed that over 100,000 users have created embedded wallets using their email addresses. The NFT marketplace, Magic Eden, officially launched its multi-chain self-custody wallet. The Office of the Privacy Commissioner for Personal Data in Hong Kong is investigating the operations of the Worldcoin project in Hong Kong. JUP conducted an airdrop, and the co-founders responded to the reasons behind the large-scale token sale.

1. Ripple co-founder Chris Larsen's 4 wallets were hacked, resulting in approximately 237 million XRP (approximately $117 million) being stolen. Of this amount, around 212 million XRP (approximately $105 million) was transferred to an exchange, while 2,500 XRP (approximately $1.23 million) remains in the wallet with the address "rHVjfY." Binance CEO Richard Teng announced that Binance has frozen $4.2 million worth of XRP stolen from Chris Larsen's personal wallet. The team will continue to support Ripple's investigation and fund recovery efforts, monitoring most of the funds in the attacker's external wallet to prevent them from being transferred to Binance.

2. BNB Chain has released its 2024 outlook, introducing the concept of One BNB. One BNB seamlessly connects BSC, opBNB, and Greenfield, providing a unified solution to meet decentralized computing and storage needs. BNB Chain will focus on optimizing EVM states to maintain high performance, establishing opBNB's scalability through opBNB Connect, and enabling the widespread adoption of specific dApps.

3. Polygon Labs has laid off 60 employees, accounting for 19% of its team members. Polygon Labs CEO Marc Boiron announced that the laid-off employees will receive a severance package of two months' salary and health benefits until the end of February. Additionally, Polygon Labs will increase the total compensation for employees by at least 15% starting from January 1, 2024, and new hires will receive a 5% salary increase. Polygon Ventures has been operating independently from Polygon Labs since the end of 2023 and has been renamed P2 Ventures. The Polygon ID team will also operate independently from Polygon Labs in the coming months.

4. Starknet and Celestia will collaborate to build a high-throughput Layer 3 network. Starknet announced its partnership with Celestia to achieve a high-throughput Layer 3 network. Using Celestia as a modular DA on Starknet is a game-changing combination. The collaboration involves porting Celestia Blobstream to Cairo for use on Starknet.

5. Both Zksync and Optimism have proposed that Treasure Chain be built on their respective stacks. Optimism co-founder and Chief Scientist Ben Jones proposed that Treasure join Optimism Superchain and build Treasure Chain based on the OP Stack. Matter Labs BD representative Omar proposed in the TreasureDAO community that Treasure Chain use ZK Stack as Layer 2, enabling TreasureDAO to vertically scale through game or application-specific Layer 3 chains. Matter Labs also stated that they are working with the Lambda Class team to enable the ZK Stack chain to have its native gas token, allowing Treasure Chain to use MAGIC or any other ERC-20 token as the gas token. Previously, TreasureDAO co-founder Karel Vuong revealed plans to build a gaming chain using MAGIC as the gas token, possibly based on the Arbitrum or Cosmos chain. The release of the Treasure Chain Litepaper is expected on February 5.

6. Avalanche announced that its wallet service will be discontinued in March 2024 and migrated to Core Stake. Core Stake integrates advanced staking features to enhance user experience. Avalanche will determine the specific discontinuation date based on user feedback. Core was launched by Ava Labs in 2022 and provides web applications, mobile wallets, and Chrome browser extensions.

7. OpenSea claims that over 100,000 users have created embedded wallets through email since the launch of its easy onboarding experience. However, data from @hildobby_ shows that there has been little change in OpenSea's weekly trading volume and number of weekly trading users in the past three weeks, with the number of weekly trading users remaining at its lowest level in over two years. However, it is worth noting that OpenSea still leads in terms of daily trading users compared to other markets.

8. NFT marketplace Magic Eden has officially launched a multi-chain self-custody wallet that supports Solana, Bitcoin, Polygon, and Ethereum blockchains. The platform had previously released a test version of the wallet in November 2023. Developed in collaboration with Exodus, the wallet supports instant cross-chain swaps, NFT portfolio management, and direct NFT trading from the wallet. To incentivize early users, Magic Eden plans to offer limited-time wallet minting activities for NFT projects such as Claynosaurz, Degenerate Ape Academy, and BoDoggos, as well as airdrops and other benefits.

9. The Hong Kong Privacy Commissioner's Office is investigating the operations of the Worldcoin project in Hong Kong. The Privacy Commissioner's Office entered six locations in Hong Kong, including Yau Ma Tei, Kwun Tong, Wan Chai, Cyberport, Central, and Causeway Bay, as part of the investigation based on a court order. The office stated that the operation of Worldcoin in Hong Kong involves serious risks to personal data privacy, and the collection and processing of sensitive personal data by relevant organizations may potentially violate the provisions of the Personal Data (Privacy) Ordinance.

10. Solana DEX aggregator Jupiter's co-founder Meow announced plans for a JUP token airdrop on January 31 at 10:00 AM Eastern Time (23:00 Beijing Time). Prior to the airdrop, the team will complete five key areas of work, including testing the new launch platform, conducting important ceremonies such as detailed tracking of token minting and transfers, kickstarting the J.U.P. working group and DAO vision, completing major product updates, and finalizing the JUPITER whitepaper. Within 24 hours on February 1, Jupiter's trading volume on Solana DEX aggregator exceeded $1.2 billion, ranking first among all decentralized exchanges (DEXs). Major exchanges have listed the JUP token. In response to concerns that the Jupiter team's large-scale token sale on the day of listing is a disguised fundraising, Jupiter co-founder Meow stated that it is fair as the team only sold 250 million JUP tokens, while users had the opportunity to sell 1 billion tokens. Meow also mentioned that choosing traditional OTC or regular IDO might have brought in more funds, but the current approach allows airdrop recipients to receive a large number of tokens and continuously sell them, while potential buyers can ensure a large token reserve pool to absorb the massive selling pressure from the airdrop. He pointed out that the team took on the risk, assuming that the selling pressure from the airdrop would be too high and there wouldn't be enough demand, resulting in a lower price below 0.4, which would reduce the team's earnings. The current pricing of JUP is a market behavior, and the team has reduced the selling ratio from 20% to 5% and then to 2.5%. Meow believes this is a good system that forces the team to price reasonably. Later, Jupiter founder Meow tweeted that the team will no longer sell tokens after 7 days, and all tokens in the launchpool (including USDC/JUP) will go into the team treasury or be used for LP.

Weekly Summary of Major Events in the Cryptocurrency Field