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Ripple CEO Brad Garlinghouse said in a recent interview that the U.S. government’s next target is USDT issuer, stablecoin company Tether. Brad Garlinghouse said that Tether is an important part of the cryptocurrency market system and he is not sure how it will affect everything else. Some experts believe that the Ripple CEO’s statement is a very big insider report. If it really happens, then there will be very large selling pressure in the USDT stablecoin market. In this case, the value of USDT will fall significantly. . In January, a report released by the United Nations Office on Drugs and Crime on Monday noted that USDT had become one of the main payment methods for money launderers and fraudsters operating in Southeast Asia, which the United Nations warned about.
NFT project Pudgy Penguins CEO Luca Netz announced in a video that more than 1 million Pudgy Penguin plush toys have been sold, and revealed news of upcoming cooperation with other retailers, including Walmart, Target, Smiths, Hot Topic, etc. of orders. Netz said this is his most successful consumer product project to date, and compared to other NFT projects, Pudgy Penguins has found success with some of the largest retailers in the world. Additionally, the project plans to launch Pudgy World alpha on the zkSync Era blockchain this year.
Standard Chartered Bank said in a research note that the risk of U.S. fiscal dominance posed by the Federal Reserve’s monetization of government debt is rising, and in this case, investors may seek alternative assets, including cryptocurrencies, which is important for Cryptocurrencies are a boon. The report also noted that if Trump wins the election, his second-term administration may promote a more supportive regulatory environment, which is positive for digital assets. Trump's return to the White House could accelerate the exit of foreign official buyers from the U.S. Treasury market over fiscal concerns. Foreign investors sold an average of $ 207 billion a year in U.S. debt during Trump's first term, compared with just $ 55 billion under Biden. Standard Chartered reiterated its year-end price target for Bitcoin of $ 150,000, and its end-2025 price target of $ 200,000. According to the report, Bitcoin prices are positively correlated with the steepening of the U.S. Treasury yield curve, rising inflation expectations and increasing term premiums.
The Lava Foundation, the non-profit development organization for modular blockchain project Lava, has announced the completion of $ 11 million in token financing ahead of its mainnet and token airdrop. Investors in this round of financing include Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Polygon co-founder Sandeep Nailwal, and others. This is the first public appearance of the Lava Foundation, after Lava development company MagmaDevs closed a $ 15 million seed round in February. As a modular blockchain focused on providing data access through RPC, Lava has now entered the testnet stage and has served more than 20 billion RPC requests for multiple blockchains. Several projects such as NEAR, Evmos and Axelar are using Lava's services. The Lava mainnet is expected to be launched in the first half of 2024, when the native token LAVA will also be issued. The total supply of LAVA tokens is set to 1 billion, part of which will be airdropped to users. The Lava Foundation stated that LAVA tokens are critical to the functionality of the mainnet, and nodes and validators need to stake LAVA tokens to join the network. In the future, in addition to RPC services, Lava also plans to support other data infrastructure such as indexing, subgraphs, sorting, etc.
Ether.fi decided to integrate SSV into its protocol to increase the resiliency of the Ethereum base layer and mitigate potential risks, and to strengthen its restaking operations to protect against client errors, geo-risk and other glitches that could disrupt validator performance.
Only1, the Solana ecological NFT social platform, announced the completion of US$ 1.3 million in strategic financing. This round of financing was led by Newman Group, with participation from Folius Ventures, Modular Capital, PetRock Capital and angel investors. With this round, the project has raised a total of $ 4.3 million.
According to monitoring by on-chain analyst ZachXBT, the fraud team that stole tens of millions of dollars from websites such as Magnate, Kokomo, Lendora, and Solfire deployed a new project Leaper Finance on Blast. Last week, the fraud gang used about $ 1 million in funds laundered from previous rugs to fund an address on Blast and began to provide liquidity to lure users into taking the bait. ZachXBT said that in the past, after the fraud team increased its TVL to more than one million dollars, it stole all user funds deposited into the protocol, forged KYC documents, and used low-level auditing companies. Currently, the fraud team has launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche and other platforms.
Jupiter officially announced that it will launch the first batch of Metropolis upgrades this week, and will conduct short-term fixes and long-term upgrades for limit orders and perpetual contract products. In addition, Jupiter’s second phase of LFG Launchpad is scheduled to be launched on Tuesday, when Sharky, the non-custodial NFT lending protocol in the Solana ecosystem, will be launched. The next LFG voting will begin on Wednesday. At the same time, Jupiter co-founder Meow will give a speech at the Token2049 conference on April 19.
On-chain asset management infrastructure provider QuantAMM announced the completion of a $ 1.85 million pre-seed round of financing, with participation from 8VC, Mako, Marshland Capital, 369 Capital, TradFi and DeFi angel investors. This funding round follows QuantAMM’s completion of the Longhash and Hypernest accelerator programs. QuantAMM is preparing to launch its V1 and Layer 2 solutions on the Ethereum mainnet in the second quarter. From 2024 to 2025, QuantAMM will expand its product range to include cross-chain solutions and a set of foundations tailored for institutional clients. facility.
OKX Ventures Partner Jeff Ren gave the opening speech at the "OKX Web3 Night" event held during the Hong Kong Web3 Carnival on April 6. Jeff Ren said it was a pleasure to dive into the latest innovations and trends with industry leaders such as Solana, Aptos Labs, Polyhedra, etc. These advancements not only demonstrate their efforts in industry innovation, but are also critical to Web3. The close cooperation between OKX and them aims to promote broader connections and cooperation in the blockchain community and contribute to a more connected and efficient blockchain ecosystem strategy. Jeff Ren pointed out that as one of the most active contributors in the Web3 field, OKX Web3 is focused on accelerating the growth and adoption of the blockchain ecosystem and promoting the blockchain ecosystem by providing strong support for developers of various chains and protocols. System adoption demonstrates OKX’s commitment to supporting blockchain infrastructure. However, OKX is not only committed to developing cutting-edge products, but also actively investing in infrastructure, ecological governance protocols, etc. to introduce more use cases to the blockchain, which is crucial to promoting blockchain technology. OKX recognizes that strong infrastructure is a prerequisite for widespread adoption of blockchain technology and is committed to meaningfully supporting a more decentralized future. In the future, OKX will also establish close ties with the Hong Kong encryption technology community and help the evolution of blockchain technology to jointly build the future of the digital era.
Chain game The Beacon recently updated its roadmap. The project will release new pioneer missions in April and will release the Alpha version of its game on all platforms. It is reported that the new pioneer mission consists of three different stages. The first phase is open to all players, and at the end of the first phase, whitelisted users will be able to mint Pass NFTs. Subsequent phases will focus primarily on players who own Pass NFTs. Each pass is entitled to a specific share of the project’s ecological tokens. Specific content and dates for the new Pathfinder missions will be announced around early April.
RUFI, the first rune asset of Merlin Chain, the native second-layer network of Bitcoin, was launched fairly on UniCross, and within 30 minutes of its launch, more than 700,000 contracts were traded. It is reported that RUFI is the first Runes asset in the Merlin ecosystem, with a total circulation of 100 million, nearly 5 times that of SATS. RUFI innovatively introduces the concept of "talisman swap", supporting the exchange of BRC-20 tokens for Runes tokens at a 1:1 ratio.
Talus Network, an on-chain artificial intelligence network platform based on MoveVM, announced the completion of a US$ 3 million first round of financing. This round of financing was led by Polychain Capital, dao5, Hash3, TRGC, WAGMI Ventures and Inception Capital, as well as investors from Nvidia, IBM, Blue7, Symbolic Angel investors from major technology and blockchain companies including Capital and Render Network participated.
STEPN developer Find Satoshi Lab has announced the launch of wallet product FSL Wallet and soul-bound token-based NFT badge FSL Badge. It is reported that FSL Wallet will serve as a common login portal for all FSL products in the future. A beta version is currently available, and the official version will be launched later. FSL badge NFTs are issued based on the accumulation of FSL points in the NFT metadata based on the user's interaction with current and future FSL products. More details on the point accumulation rules will be announced in the future. When the FSL wallet launches the official version, STPN users can also Import the address into the FSL wallet and accumulate points. Rules regarding point calculation and redemption, as well as the FSL Wallet product roadmap will be detailed in future announcements.
Crystal Fun, a decentralized blockchain game ecosystem platform and studio, announced the completion of a US$ 5 million seed round of financing. This round of investment was participated by well-known institutions such as Kucoin Ventures, Actoz Soft, Waterdrip Capital, Comma3 Ventures, Stratified Capital, Cypher9 Ventures, Aelf ventures, W Labs and Masverse.
Scene Infrastructure Company, a software development team under the creative self-made organization Friends With Benefits (FWB), completed a US$ 3 million seed round of financing, led by a16z crypto. Scene Infrastructure Company will be led by Jose Mejia, a long-time DAO contributor who previously served as DAO product lead at Dapper Labs, and Ethan Daya, co-founder of Zora. They also have Neesh Chaudhary as Head of Design, who has provided design services to companies like Google, Metalabel, and Rabbithole. Jose said, “The relationship between communities, individuals within communities, their on-chain assets, and their off-chain experiences is an area that has not been fully explored. As the technology continues to mature, we are excited to explore these key points, and build something that is embraced by a wider audience. Our focus is on building products that mediate these relationships in engaging and novel ways."
According to CoinDesk, Bloomberg ETF analyst James Seyffart said, "Theoretically, someone acquiring Grayscale is possible, and it may even happen in a long enough time frame, especially considering the problems its parent company is currently facing." Grayscale is owned by Digital Currency Group (DCG). DCG, its Genesis subsidiary and former business partner Gemini Trust were sued by New York state in October for allegedly defrauding investors of more than $ 1 billion. BDE Ventures founder Brian D. Evans said DCG’s legal issues and the large withdrawal of funds from GBTC could speed up the sale process. "It raises questions about the timing of how this is going to play out," he said. "I suspect that if an acquisition happens, it will probably be sooner rather than later because you want to acquire all of (Grayscale's) Bitcoin before the price goes up." currency."
The OKX Web3 wallet Ordinals market has now fully open sourced the OKX ORD Indexer and completed the Jubilee upgrade, aiming to continue to build the Bitcoin ecosystem and better promote the development of the industry. OKX ORD Indexer not only supports Ordinals protocol parsing and transaction events, inscription data, and UTXO status query, but also supports BRC20 protocol parsing and transaction events, balance, ticker query, and bitmap protocol parsing.
OSL Group (formerly BC Technology Group), the parent company of Hong Kong's licensed virtual asset trading platform OSL, announced the appointment of Pan Zhiyong as CEO, and also announced the launch of a 2024 globalization strategy involving four major directions, including: geographical market expansion, service innovation, and collaboration. In the development of digital finance and insisting on regulatory compliance, OSL also revealed that it will soon launch a batch of compliant digital asset products to enhance investor confidence and promote innovation within the regulatory framework.
A developer memo from OpenAI shows the company will launch the GPT Store next week. The GPT Store will allow customers to share or sell chatbots they modify for various purposes, such as lesson planning for teachers or businesses.
Bitcoin Cats issued a statement stating that it has established a strategic partnership with DWF Labs, and the two parties will build a gaming and entertainment ecosystem across Bitcoin and EVM networks.
Xinhuo Technology, a Hong Kong-listed company, announced its annual results announcement for the year ending September 30, 2023. The financial report shows that Xinhuo Technology Group recorded a net loss of approximately HK$ 288.7 million in 2023, and income from continuing operations of approximately HK$ 2.834 billion, a year-on-year decrease of 68.7%; gross profit was HK$ 10.389 million, a year-on-year decrease of 90.6%; net profit increased from 2022 to 2022. HK$ 100 million expanded to HK$ 287 million, a year-on-year increase of 43.92%. Xinhuo Technology stated that the loss was mainly due to the increase in expenses for developing the company's new business and the inability to withdraw cryptocurrency assets from the cryptocurrency trading platform FTX. The related impairment loss provision was approximately HK$ 86 million and was caused by the company's human resources restructuring and cost management plan. and one-off expenses.
According to "Lianhe Zaobao", the clip of Singapore Prime Minister Lee Hsien Loong's interview with CGTN in March this year was tampered with, and someone used deepfake technology to create fake videos and circulated them online. Prime Minister Lee called on the public to be vigilant and not to be deceived. Lee Hsien Loong posted on Facebook on December 29, reminding the public to beware of the "season of scams." He said that some deepfake videos using his audio have appeared recently to promote cryptocurrency scams, and Singapore Deputy Prime Minister Lawrence Wong has also been targeted recently. Scammers use artificial intelligence technology to imitate their voices and images, and tamper with footage taken at formal events. In this fake video, Lee Hsien Loong mentioned investment opportunities approved by the Singapore government in an interview with CGTN host Zou Yun, and promoted a so-called "revolutionary investment" designed by Tesla CEO Elon Musk. platform"
NFT fragmentation protocol Flooring Protocol stated on social platforms that the cause of the vulnerability exploitation has been determined to be related to FP's peripheral/multi-call contract, and the team deployed a fix 2 hours ago to fix the problem. Investigation and monitoring will continue and the main contract is safe. Assets in vaults and safes are not affected.
The Boring Security social platform posted that the 36 BAYC and 18 MAYC stolen (due to NFT Trader) have been recovered, and a 10% bounty will be provided to (the attacker) and will cooperate with the affected victims to NFTs are returned for free.
Decentralized derivatives trading platform Rollup.Finance announced the acquisition of automated market-making protocol CherrySwap. The merger statement stated that after the merger, the two projects will operate independently and will not integrate product function suites and services for the time being. CherrySwap token holders will be able to redeem Rollup.Finance’s platform token, and the exchange ratio will be disclosed when Rollup.Finance’s platform token is issued. In addition, both parties will be committed to promoting the integration and cooperation of the two communities. In the future, the two teams may work together to establish a comprehensive solution to access digital asset liquidity and solve the ecosystem development of both parties in zkSync.
The Arbitrum community voted to pass the proposal to "extend the incentive distribution deadline for STIP and BackFund projects to March 2024", aiming to extend the deadline for agreements under the STIP (Short-term Incentive Plan) and BackFund plans. According to this proposal, protocols within STIP will have until March 1, 2024 to distribute ARB tokens to users, while protocols under the BackFund plan will have until March 15, 2024 to continue liquidity support until March 2024. The distribution of ARB tokens was completed on March 29th. The main motivation for this proposal is to ensure that all protocols have enough time to distribute incentive tokens to users, taking into account the timing differences in the KYC (Know Your Customer) process and delays compared to the original plan. In particular, protocols under the BackFund program may have only about 6 weeks left for token distribution before the end of the original program due to the need to pass KYC audits. Therefore, this extension will provide these protocols with nearly 16 weeks to complete the incentive distribution. . In addition, this extension also includes adjustments to some protocols under the original STIP plan, allowing all STIP protocols to have sufficient time to distribute ARB tokens to users.
Kyber Network said in a social media post that it reiterated its strong commitment and efforts to support law enforcement and cybersecurity to track attackers and recover funds taken from users. Although KyberSwap Elastic is a decentralized and permissionless protocol, users are required to accept the risks of use when using KyberSwap Elastic and providing liquidity, as stated in the Terms of Use. Kyber Network plans to provide subsidies to users from the KyberSwap Treasury to mitigate Losses caused by vulnerability exploitation. The current plan is for the KyberSwap Treasury to provide each user who lost funds in an exploit attack and has not yet recovered, up to the dollar value of those funds at the time the funds were stolen from their account, and is in the process of developing the proposal. Details will be announced in the next two weeks.
Coin98 will gradually discontinue the current version of the decentralized stablecoin CUSD. Users can exchange CUSD on BNB Chain, Ethereum and Solana for collateral assets of equal value for free before January 15, 2024, without paying CUSD protocol fees. Before December 15, 2023, users can also exchange CUSD on BNB Chain for BUSD and then exchange it for other available assets on Binance. In addition, Coin98 will launch a new and improved version of CUSD.
Crypto KOL Blue Fox Notes stated on social media that TreasureDAO co-founder Karel Vuong revealed that TreasureDAO is building a game chain and plans to use MAGIC as a Gas token, which may be based on the Arbitrum chain or the Cosmos chain. The news has been confirmed by TreasureDAO co-creator Karel Vuong in the comments
According to DeBank data, the Layer 2 network Blast contract address launched by Blur founder Pacman currently holds assets worth more than $ 500 million. Of this, $ 439 million worth of ETH was deposited in the Lido protocol, and $ 61.81 million was deposited in the Maker protocol.
Financial services company Republic will launch its tokenized investment fund, Republic Note, on the Avalanche blockchain. According to the statement, the Republic Note security token is designed to generate profits from a portfolio invested in more than 750 “private assets.”
Wallet address and private key storage project 1Password posted on social media that users who downloaded and used an older version of 1Password from the Mac App Store may receive an error message stating that the 1Password application is corrupted. The 1Password team is currently investigating the root cause of this issue. According to preliminary investigations, some users solved the problem by automatically setting the Mac's system time, restarting the Mac, deleting the App Store version, and installing the App from the official website. If the above method doesn't work, you can contact the 1Password team. The issue only affects older versions of 1Password that are no longer supported, and the 1Password team recommends that all users upgrade to 1Password 8
zkLink, a multi-chain trading infrastructure based on zero-knowledge proof, now supports Bitget Wallet (formerly BitKeep) plug-in wallet connection. Users can connect to zkLink ecological DApps through the Bitget Wallet plug-in wallet, such as the multi-chain order book DEX ZKEX, in zkSync Era, Linea, ZKEX spot trading and perpetual contract services are used on BNB Chain, Arbitrum, and Base chains. zkLink focuses on multi-chain decentralized transactions and connects multiple different Layer 1 and Layer 2 blockchains based on ZK-Rollup technology.
Austin Federa, director of strategy at the Solana Foundation, explains on the podcast how Solana's builders persevered during Deep Bear to continue improving the project's technology. According to it, Solana’s recent performance improvements have corrected many of the issues that plagued its performance during the 2021 bull run. He pointed out: "I think you saw a lot of 'thinkinfluencers' 18 months ago tweeting that Solana's architecture was fundamentally flawed in some way and that they would never be able to use it due to 'original sin' in the code base. Let it settle. In line with most of the most radical claims on X. But it turns out that’s not actually the case.”
DWF Labs co-founder Andrei Grachev posted on social media that the bull market is coming soon. Although there is currently almost no change in the overall size of the crypto market, traders have a bullish expectation and make small profits due to the consolidation of BTC and mainstream tokens. It creates FOMO and positive expectations, which leads to capital inflows into the market. . Bitcoin currently has a dominant position, but Shitcoin has not yet begun to rise. Perhaps the participants in this cycle are more tokens with a market capitalization of top 1,000. In terms of trading volume, the current trading volume is the same as in April, but the reasons are different. Half a year ago, trading volume was driven by Memes, which tapped into the crypto audience, and now it is driven by BTC, which can attract new users. Fundamentally, the current situation is very healthy and sustainable.
Yuga Labs will join forces with Magic Eden to launch the new Magic Eden ETH market
Yuga Labs will join forces with Magic Eden to launch the new Magic Eden ETH market
According to CoinShares weekly report data, the net inflow of funds into digital asset investment products last week was US$326 million, the largest weekly inflow since July 2022. Bitcoin accounted for $296 million of inflows, although recent price gains also prompted $15 million in inflows into short-selling Bitcoin investment products. The improved optimism also prompted a massive inflow of $24 million into Solana, while a number of other altcoins also saw inflows. And Ethereum investment products saw $6 million in outflows last week.
Fixed-rate lending protocol Notional Finance announced that it will launch the V3 version on Arbitrum on November 6 and will provide 2 million NOTE incentives to liquidity providers. In addition, the V3 version will add support for cbETH, ARB, RDNT and GMX as collateral. After the V3 version goes online, more leveraged vaults using Balancer and Aura will be added.
The founder of Uniswap destroyed 99.99% of the test currency HayCoin, and the price of HayCoin soared to a maximum of $4.17 million
According to official news, Binance will stop offering its Visa card services in the European Economic Area, and card holders can continue to use it until December 20. Where feasible, users may consider using Binance Pay to make purchases with cryptocurrencies at merchants that accept cryptocurrencies.
Sui officials posted on social media that in addition to the 117 million SUI announced last week, Sui will also transfer an additional 40 million SUI from external market makers to ecosystem and community development, which makes SUI (promoting ecological growth) The total amount reached 157 million. BlockBeats previously reported that last week, the Sui Foundation announced that it was reallocating 117 million SUI tokens and said it planned to "redirect" them to grow its ecosystem. To drive further growth, the Sui Foundation announced it will request 117 million SUI (approximately $51 million) from "external market makers" and then "inject it into various channels," the organization said in a statement. This represents 13.6% of its circulating supply and 1% of its total supply.
The stablecoin trading project Platypus Finance posted on social media that the development team is conducting an investigation to identify the root cause of the vulnerability in this incident. As a safety precaution, its mining pool will remain suspended until the underlying issues are discovered and corrected, and its platform undergoes another round of audits. As the duration of this investigation remains uncertain, Platypus Finance will arrange refunds for all existing LPs and detailed withdrawal instructions will be shared with the community in the coming days. Additionally, Platypus is currently in contact with the hackers in an attempt to initiate negotiations.
According to Spot on Chain data, DWF Labs once again deposited 10 million ORBS (approximately US$284,000) to Bithumb 10 minutes ago. It is reported that DWF Labs deposited a total of 34.07 million ORBS (approximately $969,000) to Bithumb in the past 24 hours, during which the price of ORBS fell by 11.6%. Currently, DWF Labs still holds 140 million ORBS (approximately US$3.98 million)
According to the Snapshot governance page, the Arbitrum community is conducting on-chain voting on the proposal "Kyber Network applies for 1.5 million ARB grants from the Arbitrum Foundation" and the voting will end on October 13. Kyber Network stated that if the proposal is approved, 1.5 million ARB will be used to reward users who provide liquidity on Kyber to help Arbitrum develop its ecosystem.
A new cryptocurrency-focused investment firm called Deus X Capital was announced today, The Block reports. The agency is led by former Galaxy head of Europe, Middle East and Africa Tim Grant as CEO. In a statement, Deus It has also allocated an undisclosed amount to hedge funds in the space. Additionally, Tim Grant has been named Chairman of AlphaLab40, a cryptocurrency market maker owned and operated by Deus X
According to official news, NFT market LooksRare has updated its token economic model. 50% of future fees will be used to repurchase LOOKS tokens from the market, 10% will be used as LooksRare protocol rewards, and 40% will be turned over to the protocol treasury. LooksRare will start adding the generated fees to the protocol rewards at 17:00 on October 1 (Beijing time). The previous transaction reward mechanism will also end at the same time. The LOOKS previously allocated to the transaction rewards will be sent to the treasury and Will be used as incentives for future products and initiatives. The move is designed to ensure distribution in the most efficient manner while further incentivizing new and existing products.
Paradigm Chief Technology Officer Georgios Konstantopoulos posted on social media that he is considering holding a one-day hackathon in New York at the end of October or early November, focusing on consumer-facing cryptocurrency applications. Applications for the hackathon are now open, and if enough applications are received, Paradigm will move the matter forward and invite mentors from well-known applications and tools.
Linea, a Layer2 network owned by ConsenSys, announced the launch of the soul-binding token Voyage XP, which aims to uniformly measure and recognize contributions to the development of the Linea ecosystem. Voyage XP represents the contribution of each community member to the development of the ecosystem, covering users, startups, DApps and Linea team members. At the same time, Voyage XP is visible in MetaMask by default, is non-transferable and cannot be cross-chained to other networks. It is closely related to users associated with the address. In addition, Voyage XP will also entitle holders to enjoy some privileges, such as access to official community roles, exclusive Linea peripherals, etc. Linea plans to deploy Voyage XP in the upcoming Linea Voyage: DeFi event. Retroactive issuance of Voyage XP will take some time, more updates on the issuance process will be provided soon