| The cross-chain bridge Hop Protocol hints at the launch of Token; Yearn announces the upcoming launch of v3 Vaults (May 5th)
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2022-05-05 00:00
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Uzbekistan legalizes solar-powered crypto mining.

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Yearn Announces Upcoming v3 Vaults, Features Include Launching High-Risk, High-Reward Vaults

According to official news, Yearn announced that v3 Vaults will be launched soon, including six major functions:

1. Primary part: enable high-risk, high-reward Vaults;

2. Solidity: v2 Vault is written in Vyper, v3 uses Solidity;

3. Standardized vault token with ERC-4626;

4. Optimize gas;

5. Flexible strategy;

6. Automation: By leveraging the Keep3r Network, Yearn v3 will automate almost all aspects of vault management.

Project News

Polkadot launched a cross-chain message system XCM to eliminate the risks brought by the bridging mechanism

Project News

Polkadot launched a cross-chain message system XCM to eliminate the risks brought by the bridging mechanism

The newly launched XCM messaging system is designed to facilitate Polkadot's multi-chain ecosystem. XCM channels are said to be secured at the same level as Polkadot’s central hub, known as the relay chain, and can also be used by parachains. In other words, XCM will enable communication between the parachain itself and smart contracts. Cointelegraph)

The decentralized perpetual contract agreement Perpetual Protocol issued a governance proposal to apply for the allocation of 9 million OPs to promote its development. Specifically, it will be used to encourage lenders to borrow money from market makers, liquidity mining, and encourage the establishment of applications using Perp as the base layer. The incentive program will last from 4 months to a year.

Optimism establishes the project incentive fund OP Stimpack, and will launch an airdrop for builders

Optimism, the second-layer expansion network of Ethereum, announced the establishment of OP Stimpack, a fund to provide funds for projects on Optimism. Optimism will allocate 231 million OP Tokens to the fund, and will launch an airdrop for builders. First, the number of OP Tokens that a project can claim will be determined by the project’s TVL and daily transaction volume, and then it will be open to any project that meets the Optimism vision. This stage will start after the first round of retroactive airdrops.

Algorand Foundation Launches Venture Studio Algo Foundry to Grow Developer Ecosystem

Algo Foundry has also launched courses to improve the skills of developers developing on the Algorand blockchain and grow the developer ecosystem. The first immersive project will be launched in Singapore in mid-May, and will expand to other cities in the future, and a series of projects will be launched to global developers in July.

Algo Foundry has also launched courses to improve the skills of developers developing on the Algorand blockchain and grow the developer ecosystem. The first immersive project will be launched in Singapore in mid-May, and will expand to other cities in the future, and a series of projects will be launched to global developers in July.

Metaverse GameFi and NFT

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Metaverse GameFi and NFT

After Musk changed his Twitter avatar to BAYC-related pictures, he called it "substitutable", and APE fell below 16 USDT

Musk tweeted after changing his Twitter avatar to a BAYC-related picture: "I don't know...seems a bit fungible."

In addition, according to Twitter netizens, the BAYC NFT works that appeared in Musk’s Twitter avatar were once auctioned by Sotheby’s, and the current owner is someone else, not Musk.

The Ouyi OKX market shows that APE fell below 16 USDT for a short time, and is now trading at 16.1596 USDT, narrowing the small increase to 9.54% in 24 days.

The Central Committee of the Communist Youth League released a customized version of the digital collection

The decentralized land experiment organization CityDAO announced that it will issue Parcel 0 NFT to Citizen NFT holders. Parcel 0 NFT is based on Parcel 0 purchased by CityDAO on October 29, 2021, which is adjacent to northwest Wyoming and covers an area of ​​40 acres. Parcel 0 NFT holders will own part of the governance and use rights of the land, and Citizen NFT holders are eligible to mint Parcel 0 NFT for free.

Investment and Financing

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Investment and Financing

Multi-chain solution Bundlr Network completes USD 5.2 million in seed round financing, led by Framework Ventures and others

Multi-chain solution Bundlr Network completes USD 5.2 million in seed round financing, led by Framework Ventures and others

Bundlr Network announced the completion of a $5.2 million seed round of financing, led by Framework Ventures, Hypersphere Ventures, Arweave, and Permanent Ventures, with participation from OpenSea Ventures, Race Capital, and others. The new funds will be used to expand its team, especially in terms of business development, Rust developers, and marketing initiatives.
According to reports, Bundlr Network is an Arweave-based multi-chain expansion solution. The project team is currently building a set of tools designed to make it easier for users to upload and access files on the Arweave network. (PR Newswire)

Bundlr Network announced the completion of a $5.2 million seed round of financing, led by Framework Ventures, Hypersphere Ventures, Arweave, and Permanent Ventures, with participation from OpenSea Ventures, Race Capital, and others. The new funds will be used to expand its team, especially in terms of business development, Rust developers, and marketing initiatives.

According to reports, Bundlr Network is an Arweave-based multi-chain expansion solution. The project team is currently building a set of tools designed to make it easier for users to upload and access files on the Arweave network. (PR Newswire)
Prisma is an open source data platform designed to bring developers, data owners and infrastructure teams together to share data across organizations and teams, and to solve problems between front-end and back-end teams as well as between data engineers, developers and Barriers among business analysts in the development process.

Open-source data platform Prisma completes $40 million Series B financing led by Altimeter

According to official news, Prisma, an open source data platform, announced the completion of a $40 million Series B round of financing, led by Altimeter, with participation from Amplify Partners and Kleiner Perkins, and angel investors including founding members of companies such as Vercel, PlanetScale, GitHub, and SourceGraph.
Prisma is an open source data platform designed to bring developers, data owners and infrastructure teams together to share data across organizations and teams, and to solve problems between front-end and back-end teams as well as between data engineers, developers and Barriers among business analysts in the development process.

global policy

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global policy

New South Korean President Yoon Suk-yue Delays Cryptocurrency Tax in Support of Consumer Protection Measures

South Korea's newly elected president Yoon Suk-yue announced on Tuesday that he will delay taxation on cryptocurrency investment gains until a new set of regulations called the Digital Assets Basic Act is enacted.

It is reported that South Korea’s cryptocurrency tax is initially scheduled to take effect in fiscal year 2022, and plans to impose a 20% tax on crypto investment income exceeding $2,100 per year. But last December, the policy was delayed until 2023. According to Korean media E-daily, the new regulations may be released in 2024. (Cointelegraph)

Central Bank of Uganda Warns Public and Entities to Stop Facilitating Crypto Trading

The Central Bank of Uganda recently issued a statement reminding the public that no business is licensed to provide or facilitate cryptocurrency-related services, warning licensed entities and the public not to facilitate crypto-related transactions, and the practice of converting cryptocurrencies into liquid funds and vice versa Of course. The central bank has warned that it will not hesitate to take action against entities found to be violating the country's laws. (News Bitcoin)

U.S. Fairfax County Pension Considers Investing in Crypto Funds Related to Liquidity Mining

The Fairfax County Pension Fund in Virginia, USA is considering investing in crypto funds related to liquidity mining, which provides liquidity for decentralized exchanges by staking or lending assets to generate returns.

If approved, the system hopes to provide liquidity to crypto exchanges within the next three weeks, said Katherine Molnar, chief investment officer for the Fairfax County Police Retirement System. According to Molnar, Fairfax began investing in crypto-related funds in 2019, and the fund deployed a variety of strategies in the field of cryptocurrencies, including activities such as liquidity mining, basic trading, and cross-exchange arbitrage. (Bloomberg Law)

The Tashkent government wants miners to power their mines by installing their own solar panels. Alternatively, if miners pay twice the normal price, they can also connect to the grid. However, according to the decree, an additional surcharge will be imposed during peak consumption periods. Crypto mining does not require a license, but miners must register with the newly formed Uzbekistan State Perspective Project Agency, the document said. (Reuters)

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US SEC Commissioner Hester Peirce: SEC is a regulatory agency, not a law enforcement agency

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