headlines
BitGo: Received new takeover offers, but considering an IPO
headlines
BitGo: Received new takeover offers, but considering an IPO
cryptocurrency
cryptocurrency
Compound is preparing to launch a new version transitioning to multi-chain, and will first deploy the USDC market on Ethereum
Compound announced that it will soon launch its third version of the multi-chain lending protocol Compound III (Comet). Compound III can be deployed on EVM-compatible blockchains. It will first deploy the USDC market on Ethereum, and it has already been deployed on the main network. Candidate contracts, which will be activated by Compound governance. (The Block)
Compound is preparing to launch a new version transitioning to multi-chain, and will first deploy the USDC market on Ethereum
Data: After Tornado Cash was sanctioned, the market value of USDT has increased by nearly 2 billion US dollars
The public chain project Canto launched Genesis and announced the details of token distribution
Canto, the L1 DeFi public chain based on the Cosmos SDK, announced the opening of Genesis and announced the details of token distribution. A total of 1 billion tokens were minted in the Genesis phase: 13.0% for contributors; 35% for mid-term liquidity mining; 45% for long-term liquidity mining; 5% reserved for future grants. Tokens that have not yet been distributed (grants and future liquidity mining) will remain in the community pool.
Circle officially froze 82 USDC addresses, with a cumulative amount of 3.2 million USDC
Odaily News According to Tokenview data, Circle has officially frozen 82 USDC addresses, with a total amount of 3.2 million USDC. Among them, Circle officially froze 57 USDC addresses in the first half of the year, with a total amount of 1.2985 million USDC.
Circle officially froze 82 USDC addresses, with a cumulative amount of 3.2 million USDC
The Alameda address transferred nearly $85 million in assets to the FTX exchange within 1 hour
Lido Finance: plans to expand to Arbitrum and Optimism networks, and launch wstETH
Lido Finance announced the update of the L2 plan, which aims to create a series of highly liquid collateral assets and be widely used in DeFi. L2 represents a clear path to achieve this at scale. While directly staking ETH from L2 is the goal, it all starts with a seamless L2 token bridge.
GameFi and NFTs
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GameFi and NFTs
Tiffany NFT "NFTiff" has no transactions for 3 consecutive days
According to NFTGO data, since August 14, Tiffany NFT "NFTiff" has not had any transactions for 3 consecutive days. The last transaction before that occurred on August 13, with a transaction volume of $134,977.29 on that day.
OpenSea Seaport's transaction volume exceeded US$1 billion, and the transaction volume exceeded 3 million
Data: The transaction volume of BAYC series NFT has increased by more than 200% in the past 24 hours
Tencent Magic Core announced that it will stop selling digital collections, and users can choose to continue to hold or refund
Tencent Magic Core announced that it will stop selling digital collections, and users can choose to continue to hold or refund
Investment and Financing
On August 16, Tencent Magic Core issued an official announcement, saying that it will make business adjustments based on the company's focus on core strategy considerations. From August 16, 2022, Magic Core will stop issuing digital collections. At the same time, all users who have purchased digital collections through its platform can choose to continue to hold or initiate a refund application. According to insiders of Tencent, this phantom core adjustment does not involve the layoff of team members.
Investment and Financing
Google Parent Alphabet Invests $1.56 Billion in Blockchain Firm
Blockdata research shows that Alphabet, the parent company of Google, has invested a total of US$1.56 billion in blockchain companies during the period from September 2021 to June 2022, with a total of four rounds of investment, leading the listed companies investing in the industry . In addition, BlackRock invested $1.17 billion in three rounds, followed by banking giant Morgan Stanley with $1.1 billion in two rounds. Electronics giant Samsung came in fourth with $979 million in 13 rounds, while Goldman Sachs was fifth with $698 million. (Finbold)
Arc, a digital commercial bank, announced the completion of a US$20 million Series A financing, led by Left Lane Capital, with participation from NFX, Y Combinator, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, and Atalaya. It is reported that Arc was established in January 2021 to provide debt financing and digital banking services for SaaS start-ups. In addition, Arc has a partnership with Stripe, an online payment service provider. (Techcrunch) Agya Ventures completes $32 million new fund raising, intends to invest in metaverse virtual real estate
Game developer Regression Games completed $4.2 million in financing, a16z participated in the investment
Game developer Regression Games completed $4.2 million in financing, a16z participated in the investment
global regulation
Recently, game developer Regression Games announced that it has completed a $4.2 million seed round of financing, which will be used for the development of artificial intelligence games and e-sports competitions. This round of financing was led by New Enterprise Associates (NEA), with participation from Andreesen Horowitz (a16z), BBQ Capital, and Roosh Ventures.
South Korea's Financial Services Commission will launch a digital asset working group tomorrow to discuss the digital asset framework law and ICO
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South Korea’s Financial Services Commission (FSC) will launch a digital asset working group and hold its first meeting on August 17. The working group will discuss the formulation of a digital asset framework law and the introduction of various investor protection mechanisms. The "Digital Assets Framework Law" aims to formally incorporate various digital assets such as cryptocurrencies and NFTs into the system. In addition, the Digital Asset Working Group will also discuss ICO, and the FSC plans to prevent insolvent companies from issuing Tokens by introducing ICO rules. (Korea Economic News Network)
Former Ripple Executive Devan Moorthy Joins Algorand Foundation
Aave: On-chain wallet address review requires DAO consensus
Devan Moorthy, former senior manager of business development (APAC) at Ripple, has joined the Algorand Foundation. Previous Cardano technical contributor John Alan Woods has also joined the Algorand Foundation as its Chief Technology Officer. (U. Today)
Aave: On-chain wallet address review requires DAO consensus
Aave said that the current wallet monitoring protocol is only on its front-end application. Any upgrade to the smart contract level requires a DAO vote. Unless the community agrees, wallet monitoring caused by government sanctions cannot be implemented at the smart contract level. At the same time, it is stated that wallet monitoring is only at the front-end layer. For the on-chain contract-level wallet monitoring applicable to the Aave protocol, no one or entity can change, control, update or close the protocol. For any changes to the protocol, the AIP must be proposed, voted on and approved by the Aave DAO. Aave stated that the recent blocking of wallet addresses that indirectly interacted with Tornado Cash only occurred on its front-end application, and that the temporary block list was due to a misconfiguration of the platform’s TRM API integration. Tornado Cash interacts and is blocked from user access. (The block)
Crypto Rand: Argentina may run Ethereum nodes in 2023
RR2Capital investor Crypto Rand tweeted that Argentina will run Ethereum nodes in 2023.
