headlines
The Central African Republic has agreed not to enforce its cryptocurrency laws in exchange for the central African country’s banks regulating crypto assets. This common ground was recently reached in Douala, the economic capital of Cameroon. Note: The Bank of Central African States, referred to as BEAC, is the central bank of six different countries in Central Africa and was established in 1972. (The Africa Report)
Ledger Announces Launch of NFT Distribution Platform [LEDGER] Market
According to an official announcement, hardware wallet manufacturer Ledger announced the launch of the NFT distribution platform [LEDGER] Market, referred to as [L] Market. [L]Market partners include Brick, LVMH-owned Tag Heuer, and NFT projects such as RTFKT and DeadFellaz, with plans for other NFT launches to be announced in the coming weeks.
Ledger Announces Launch of NFT Distribution Platform [LEDGER] Market
Sango Coin, the national cryptocurrency of the Central African Republic (CAR), is now on sale, according to details on the Sango project website. The public sale started on Monday with the purchase of 200 million Sango Coins at a price of $0.10. The final listing price was $0.45, according to the site. People who want to buy tokens need to have at least $100 in major cryptocurrencies, which are BTC, ETH, BNB, USDT, USDC, BUSD, and Dai. The sale supports token transfers on Ethereum ERC-20 and Binance Smart Chain networks. The project already mandated a minimum amount of $500 to participate in the round, but was forced to lower the entry requirement due to complaints from potential buyers.
Industry news
Industry news
Chainalysis Forms a Subsidiary for the U.S. Government
Chainalysis is forming a government-facing subsidiary to expand the blockchain tracking company's multimillion-dollar business with the U.S. military, federal investigators and police forces. U.S. states, local and federal agencies collectively have purchased more Chainalysis software than anyone else. They drive the lion's share of Chainalysis' business: providing data tools that unravel the flow of who is sending bitcoin and other cryptocurrencies to whom and where. This is how the government regulates the illegal crypto economy. (CoinDesk)
EY builds an Ethereum-based product to help companies manage their carbon footprint
El Salvador introduces two sovereign debt buyback bills to ease default fears
El Salvador's President Nayib Bukele announced on social media on Tuesday that two sovereign debt buyback bills had been submitted to Congress in an effort to secure the funds needed to buy back all sovereign debt bonds maturing in 2023 and 2025. Bukele’s announcement was intended to counter speculation about a possible default by El Salvador, which has been repeatedly advised by the International Monetary Fund to stop adopting Bitcoin as legal tender, citing financial risks and liabilities. Bukele said the El Salvador government plans to start buying operations within six weeks of completing the appropriate paperwork and that the country has sufficient liquidity to cover its current commitments. (Golden Ten)
community proposal
The proposal provides two specific options for alternative compensation. Option 1 is an estimated 100% reimbursement, which will mint 4.97 billion ONE, that is, issue 138 million ONE per month for 3 years (calculated at a price of US$0.020, which is US$2.76 million). put into circulation. Option 2 is an estimated 50% reimbursement, minting 24.8 ONE, that is, issuing 69 million ONE per month for 3 years (1.38 million US dollars at a price of 0.020 US dollars), and gradually putting them into circulation. Snapshot voting will begin on August 1st and end on August 15th.
Project News
Project News
StarkNet cross-chain bridge StarkGate has integrated Orbiter Finance
StarkNet cross-chain bridge StarkGate has integrated Layer2 cross-rollup bridge Orbiter Finance, allowing users to cross-chain ETH from Ethereum, Arbitrum, Optimism, Polygon to StarkNet through Orbiter Finance.
With the solution, users can maintain control of their genomic data while being rewarded when their data contributes to medical research to help improve personalized care.
Aurora Releases Vote, a Decentralized Governance Platform, and Launches VOTE Token
According to official news, Aurora, the NEAR ecological EVM expansion network, recently announced the release of Vote, a decentralized governance platform, and launched the VOTE token, which can authorize community members to manage the protocol. Users can earn VOTE by staking AURORA on Aurora+, and the amount of tokens that can be earned is proportional to the duration of the pledge and the number of tokens staked.
Aurora Releases Vote, a Decentralized Governance Platform, and Launches VOTE Token
Currently, users can use VOTE to elect new DAO members or entrust a third party to vote. In the future, various governance-related options are planned.
Optimism releases a new user guidance guide, and users who complete it can receive NFT rewards
Stefan George, co-founder and chief technology officer of digital asset management platform Safe, announced that Safe plans to launch a token called SAFE in September or October, and later clarified that there is too much uncertainty about the exact date. After the launch of the SAFE token, 5% of the tokens will be airdropped to Safe and GNO users, and within four years, 15% of the tokens will belong to GnosisDAO.
Mirror launches Web3 subscription service, readers can connect wallet to subscribe content
News Mirror announced the launch of web3 subscription service. The new feature allows readers to use their wallet to subscribe to any content published on Mirror and receive email notifications when new content is published.
For content creators, this feature can assist in building a wallet-based community.
Metaverse GameFi and NFT
Metaverse GameFi and NFT
The Sandbox has reached a cooperation with the game company Gravity, and will use Gravity's game "Ragnarok" (Ragnarok) to build the metaverse land in The Sandbox, as well as various content and NFT using Ragnarok IP. In addition, users can participate in Ragnarok metaverse and Character-themed futuristic game Jam.
Japanese IT giant GMO Internet launches NFT domain name service
Encryption startup Sumo Signals has raised $5.5 million, led by OnDeck Venture. It is reported that Sumo Signals provides artificial intelligence arbitrage trading indicators to help crypto traders execute profitable transactions. (Globe News Wire)
Investment and Financing
Crypto Startup Sumo Signals Completes $5.5 Million Funding Led by OnDeck Venture
Encryption startup Sumo Signals has raised $5.5 million, led by OnDeck Venture. It is reported that Sumo Signals provides artificial intelligence arbitrage trading indicators to help crypto traders execute profitable transactions. (Globe News Wire)
Unstoppable Domains Closes $65M Series A Funding at $1B Valuation, Led by Pantera Capital
Unstoppable Domains, a Web3 digital identity platform, announced on Wednesday that it has completed a $65 million Series A round of financing at a valuation of $1 billion. This round of financing was led by Pantera Capital, with participation from Mayfield, Gangeels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, etc. The new funding will be used to reduce the friction of crypto payments between apps and build a reputation-based rewards program.
Unstoppable Domains Closes $65M Series A Funding at $1B Valuation, Led by Pantera Capital
Unstoppable Domains, a Web3 digital identity platform, announced on Wednesday that it has completed a $65 million Series A round of financing at a valuation of $1 billion. This round of financing was led by Pantera Capital, with participation from Mayfield, Gangeels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, etc. The new funding will be used to reduce the friction of crypto payments between apps and build a reputation-based rewards program.
British venture capital firm Concept Ventures launched a £50 million Pre-Seed stage dedicated fund
Atato, a licensed digital asset custody solution provider headquartered in Singapore, announced the completion of US$6 million in Series A financing, led by AlphaLab Capital and FEBE Ventures, with participation from Tom Trowbridge, NGC Ventures, January Capital, Babel Finance and SOSV. Funds raised will be used to expand Atato's product selection and accelerate completion of current beta development merchandise, including retail growth, consumer advancement, geographic growth and expertise acquisition.
It is reported that Atato mainly provides enterprise and institutional users with more cost-effective multi-party computing (MPC) hosting solutions, supports digital assets to interact with Web3 and DeFi, and helps individuals and enterprises to safely store, trade and manage digital assets. (Cryptogainn)
Nas Academy, a Singapore-based Web3 education start-up, announced the completion of US$12 million in financing, led by BECO Capital and PitangoVenture Capital, with participation from FTX Ventures, HOF Capital, and two angel investors, Nikhil Kamath and Jack Conte.
Funds raised will be used to support the platform’s global engineering and product teams, as well as grow its Web3 offerings. Nas Academy aims to build a Web3 training service based on the educational creator community. It has previously reached training and course learning partnerships with encryption and blockchain companies such as Axie Infinity and Alchemy, and launched a series of Web3 and content creation-related educational content. (Techinasia)
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DBS Bank: The Fed is expected to raise interest rates by 75 basis points this time, and it is too early to adjust the wording
