| Ethereum will launch public withdrawal test network Zhejiang; Tesla lost $204 million due to BTC impairment last year (February 1)
Azuma
2023-02-01 01:27
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Highstreet CEO: Confirmed to cooperate with Jay Chou.



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Ethereum Developers: The first public withdrawal test network Zhejiang will be launched at 23:00 on February 1st

Odaily News Parithosh, a DevOps engineer at the Ethereum Foundation, said that Zhejiang, the first public withdrawal test network prepared for the Shanghai/Capella upgrade, will be launched at 23:00 on February 1.

Hong Kong Monetary Authority: It is recommended that certain activities related to stablecoins be brought under supervision

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Highstreet CEO: Confirmed to cooperate with Jay Chou

The CEO of Highstreet, Odaily's Xunyuan Universe project, said in Twitter Space that it has been confirmed that Highstreet will cooperate with Jay Chou.

Industry news

Pantera Liquidity Token Fund Down 80% in 2022, Has Refocused on Altcoins

Industry news
Pantera Liquidity Token Fund Down 80% in 2022, Has Refocused on Altcoins
Odaily News Encrypted venture capital firm Pantera Capital said in an investor conference call in January that its Liquid Token Fund (Liquid Token Fund) will fall by 80% in 2022, and it will fall by nearly 23% in November alone after the FTX crash. By comparison, the Bloomberg Galaxy Crypto Index is down about 27% for the year. Pantera's fund has partly rebounded this month, gaining more than 47%, said Joey Krug, Pantera's co-chief investment officer.

Joey Krug said that the company switched from altcoins to ETH last year to "try to avoid further shrinking of investment", but has now begun to revert to some altcoins because they believe that these altcoins "will outperform ETH in the future cycle". The company switched from Bitcoin and Ethereum to altcoins for the first time since spring.

According to its website, Pantera Liquid Token Fund is a multi-strategy vehicle that typically invests in 15-25 liquid tokens at any point in time and is primarily driven by a discretionary strategy focused on decentralized finance and related assets. As of January, the fund managed $198 million in assets and a portfolio of 13 tokens. (The Block)
People familiar with the matter: Twitter applies for a payment license in the United States, or considers encrypted payment options
Odaily news sources said that Twitter has begun to apply for regulatory licenses across the United States and design the software needed to introduce payments on its platform.

Elon Musk had said he wanted the system to support fiat currencies first, but build it with the possibility of adding encrypted payments later, two sources said. At present, Esther Crawford, Elon Musk's deputy within Twitter, has begun to work with a small team to plan the architecture required to facilitate payments on Twitter, including designing a Vault to store and protect user data that the system will collect, before advancing the launch of payment services Required regulatory inspections.

According to three sources, Elon Musk’s vision includes exploring more ways to let users reward creators directly, let users buy goods directly through the platform, and users pay each other. Last November, Twitter registered with the U.S. Treasury Department as a payment processor and began applying for some of the state licenses needed to launch, according to a regulatory filing. The rest of the applications will be filed soon, with the hope for a U.S. license within a year before Twitter will seek to expand to gain international regulatory approval, one of the people said. (Financial Times)

U.S. judge grants motion to release names of two SBF bailees, likely to run in February

U.S. District Judge Lewis Kaplan has granted a motion to release the names of two SBF bailees. Execution of the motion will be delayed until Feb. 7 to prevent an appeal; if the court receives notice of appeal, the stay will last until Feb. 14. Prosecutors are also trying to amend the terms of SBF's bail, claiming he had contact with a witness in the case. (The Block)
Alameda Research is seeking to recover $446 million from Voyager

Odaily News Alameda Research is seeking to recover about $446 million from the bankrupt cryptocurrency lending platform Voyager Digital.

The funds are related to a loan Voyager made to Alameda before it files for bankruptcy in July 2022. Alameda filed suit against Voyager in Delaware bankruptcy court on Monday. Court documents show that Alameda made repayments on its loans shortly before filing for Chapter 11 protection, so it sought to recover funds using bankruptcy rules designed to ensure that some creditors are not given preferential treatment. (Bloomberg)
Court documents: Celsius failed to report $800 million losses to clients, and its CEO cashed out more than $68 million

Odaily News According to a court bankruptcy report, the encrypted lending agency Celsius did not report a loss of US$800 million to customers, and its CEO Alex Mashinsky once cashed out more than US$68 million.

By June 2021, Celsius' one-third of its institutional loan portfolio will be completely unsecured and more than half will be undercollateralized, according to bankruptcy examiners. The report also shows that Celsius’ investments in Grayscale, KeyFi, Stakehound and Equities First Holdings caused losses of $800 million in 2021, but failed to report the losses to clients after the losses occurred. In addition, the report also shows that Celsius founder and CEO Alex Mashinsky cashed out at least $68 million by selling CEL tokens, and Celsius also used equity raised from outside investors to prop up the price of CEL. (The Block)
BlockFi Expected to Begin Selling Crypto Mining Assets After Bankruptcy Hearing

Odaily News According to a proposal submitted to the bankruptcy court on Monday, BlockFi’s encrypted mining assets may start selling after the bankruptcy hearing, and bidders must submit bids by February 20, and the auction will be held next week.

It is reported that Filecoin previously stated that it will launch FVM in March 2023. FVM combines smart contracts with provable storage, and can be used to deploy programmable storage primitives, cross-chain interoperability bridges, data-centric decentralized autonomous organizations (DAOs), and Layer 2 solutions.

Project News

Filecoin will launch FVM virtual machine in March

Odaily News Filecoin said that it will officially launch the EVM-compatible FVM virtual machine (Filecoin Virtual Machine) within a few weeks. Currently, more than 100 teams are building on FVM.
It is reported that Filecoin previously stated that it will launch FVM in March 2023. FVM combines smart contracts with provable storage, and can be used to deploy programmable storage primitives, cross-chain interoperability bridges, data-centric decentralized autonomous organizations (DAOs), and Layer 2 solutions.

Kingnodes and other 4 verification service providers stopped the Secret network verification service

Odaily News Privacy public chain Secret Network has at least four major verifiers that have stopped serving, including Smart Stake, Kingnodes, Azul Collection, and Domerium Labs.
Smart Stake stated that leaving the Secret Network was not only influenced by the Secret Foundation’s internal financial transparency and political influence, the decisive factor in its decision to stop the verification chain was the core technical problem of the network, that is, there was pressure on the verifier to complete Intel’s firmware upgrade on time. (CoinDesk)

StarkNet is working on a new open source Sequencer based on Rust

Odaily news StarkNet is developing a new open source sequencer (Sequencer), its primary goal is to increase the throughput of StarkNet. The new Sequencer will be implemented in stages, with the first modules already available for community review and more modules to be rolled out over the next few months; eventually the Rust-based Sequencer will completely replace the current Python-based Sequencer.

StarkNet is working on a new open source Sequencer based on Rust

Odaily news StarkNet is developing a new open source sequencer (Sequencer), its primary goal is to increase the throughput of StarkNet. The new Sequencer will be implemented in stages, with the first modules already available for community review and more modules to be rolled out over the next few months; eventually the Rust-based Sequencer will completely replace the current Python-based Sequencer.
Cronos Labs Opens Applications for Second Batch of $100M Accelerator Program to Advance Web3 dApp Development
At the time of the advertisement, Limit Break will also open the free minting of the new NFT series DigiDaigaku Dragons. The total supply of this series of NFTs is 10,000, and the whitelist application is now open.

Ethereum ZK coprocessor Axiom launches demo app

Odaily News The Ethereum ZK coprocessor (coprocessor) Axiom aims to provide smart contracts with trustless access to all on-chain data, allowing developers to access historical on-chain data and perform verified operations on it by querying Axiom Computation to enhance blockchain consensus with zero-knowledge proofs.
Axiom launched 4 demo applications on the Ethereum mainnet, enabling users to prove account age, prove Uniswap v2 TWAP value, access RanDAO randomness, etc., while also open-sourcing the ZK circuit and smart contract behind its demo.

Obol Labs has launched the second testnet Bia, which will last until the end of March

Odaily News Distributed Validator Technology (DVT) provider Obol Labs has launched the second official testnet Bia Testnet, which aims to build on the first testnet Athena and expand on a larger scale and more diverse Test DVT on a wide range of client mixes, cluster sizes, and deployment environments.
In addition, Obol will launch an ambassador program to drive testnet participation and local dissemination and support localization efforts.

LayerZero CEO Denies Nomad Founder's Allegation of Critical Trusted Third-Party Vulnerability

Odaily News Nomad founder and chief technology officer James Prestwich once stated that there are two key vulnerabilities in the LayerZero repeater, which is currently in a two-party multi-signature state, so these vulnerabilities can only be exploited by insiders or known team members. The first of these vulnerabilities allowed fraudulent messages to be sent from LayerZero multisigs, and the second allowed modifications to messages or transactions after they were signed by oracles and multisigs, potentially resulting in the theft of “all user funds.”
LayerZero CEO Bryan Pellegrino denied the allegations that LayerZero had two critical trusted third-party vulnerabilities related to the cross-chain liquidity protocol Stargate, saying, "This is 100% factually wrong, and I would ask you to contact anyone involved in the audit of the project." Talk to staff." (The Block)

Neutrino 2.0 Simplified White Paper released: USDN will be transformed into an index token XTN, and token issuance will be incentivized with discounts

Odaily News The Neutrino team has released the Neutrino 2.0 simplified white paper (Litepaper) on Github. USDN will be transformed into the Waves ecosystem index token XTN, and gNSBT holders will be responsible for selecting and approving the mortgage of XTN reserves. Token. XTN will not be pegged to the U.S. dollar, and the price is determined by the U.S. dollar value of its reserves.

SudoSwap released the governance token SUDO and opened the governance module

Odaily News NFT trading protocol SudoSwap has released the governance token SUDO and opened the governance module. SUDO's Lockdrop and Airdrop are now accessible.
XMON holders can obtain SUDO tokens through the Lockdrop event. XMON tokens will be locked for 1 month from contract deployment, and 10,000 SUDO can be obtained for each XMON locked. Early sudoAMM LP (exchange pool only) and 0x mons NFT holders (before snapshot date) are eligible for the SUDO airdrop.
In addition, SUDO uses the OpenZeppelin Governor module on the chain to manage the sudoAMM protocol. An address entrusting at least 300,000 SUDOs can create an on-chain proposal for the governance module. The voting is delayed for 2 days. Proposals with a majority of votes can be implemented. Through on-chain proposals, holders can vote for adjustments including: fee switching, adding new routers, whitelisting external contract pools, and adding new Bonding curves.

ENS DAO's three governance working groups have voted to pass the Q1/Q2 fund appropriation related proposals this year

Odaily News The public product working group of the ENS DAO community, the meta-governance working group, and the ENS ecosystem's three proposals to seek funding for the first and second quarters of 2023 have been voted through.
The Public Goods Working Group requested ENS DAO to provide funds of 250,000 USDC and 50 ETH in Q1/Q2 2023, which will be used to support projects and builders to fund public products in Web3. The Meta Governance Working Group requires ENS DAO to provide funds of 364,000 USDC, 125 ETH and 3,500 ENS in the first quarter/second quarter of 2023, which will be used to support the governance process of ENS DAO, as well as management and construction Infrastructure to support ENS DAO and working groups. The ENS Ecosystem Working Group requested ENS DAO to provide funds of 935,000 USDC and 254 ETH for the first quarter/second quarter of 2023. The funds will be used to support the development and improvement of the ENS protocol and the ENS ecosystem. projects and developers.

The Sandbox (SAND) will unlock about 370 million pieces on February 14th, accounting for about 12.4% of the total supply

According to Odaily’s Token Unlocks data, The Sandbox will unlock 372,570,278 SANDs at 16:00 on February 14th, Beijing time, accounting for 12.419% of the total supply.
Among them, 96,840,278 are unlocked from company reserves, 37,500,000 from advisors, 71,250,000 from teams, 39,900,000 from foundations, 24,000,000 from strategic sales and The seed round sale unlocked 103,080,000 pieces.

DigiDaigaku Founder: Will Advertise During Super Bowl, Start Free Minting of New NFTs

Odaily News Gabriel Leydon, founder of Limit Break, the parent company of DigiDaigaku, tweeted that Limit Break will place an advertisement at the Super Bowl on February 12.
At the time of the advertisement, Limit Break will also open the free minting of the new NFT series DigiDaigaku Dragons. The total supply of this series of NFTs is 10,000, and the whitelist application is now open.

Investment and Financing

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Investment and Financing
Nic Carter's new crypto venture capital fund Breed VC completes $20 million fundraising

Odaily News Castle Island Ventures founder Nic Carter’s new encryption venture capital fund Breed VC has completed the first fundraising of US$20 million, with Nic Carter and Matt Walsh’s Castle Island Ventures, Tribe Capital and Shima Capital participating.

It is reported that Breed VC will focus on pre-seed and seed round financing, vertical areas include decentralized finance (DeFi), consumer-focused decentralized applications (dapps), NFT infrastructure and blockchain scaling solutions . At present, Breed VC has reached the first transaction with the portfolio company and will also provide the company with operational support.
Odaily News Sec 3, a blockchain security company that audits smart contracts and other services, completed a $10 million seed round of financing, led by Multicoin Capital, Sanctor Capital, Essence VC, former ParaFi Capital partner Santiago Santos and Solana co-founder Anatoly Yakovenko, etc. Participating in the investment, the new funds will be used to build and improve its products.

Web3 company Addressable closes $7.5M seed round co-led by Fabric Ventures and Viola Ventures

Odaily News Israeli web3 marketing company Addressable announced that it has completed a $7.5 million seed round of financing, co-led by Fabric Ventures and Viola Ventures, and participated by North Island Ventures and Mensch Capital Partners. The new funds will be used to simplify marketing to anonymous encrypted users, expand Addressable's solution to include support for other blockchains and social media integrations.
It is reported that Addressable collects data from a series of blockchains including Ethereum and Polygon, then uses big data technologies such as Apache Spark to index blockchain and social data, and then uses this data to build audiences and deploy machine learning model to associate a configuration file with. Currently, Addressable is using Twitter data and Twitter Ads Manager to provide the service.

Crypto gaming platform Oh Baby Games completes $6 million funding round led by eGirl Capital and Synergis Capital

Odaily News Encrypted game platform Oh Baby Games has completed a $6 million seed round of financing, led by eGirl Capital and Synergis Capital, with participation from Merit Circle and Twitch co-founder Kevin Lin.
Oh Baby Games plans to launch three standalone games and cross-chain collectibles in 2023. The first game released was WhatTheKart, a spin-off of the traditional racing game, which would be followed by Rugpull Guys and platform fighting games. (The Block)

Everscale Receives $5M Strategic Investment from Venom Ventures Fund

Everscale Receives $5M Strategic Investment from Venom Ventures Fund

Cross-chain trading and liquidity routing protocol Squid raises $3.5M led by North Island Ventures

Odaily News The public chain project Everscale has received a strategic investment of US$5 million from Venom Ventures Fund. Everscale is one of the first publicly announced investments by Venom Ventures Fund. This round of financing will be used to expand its development team. It is reported that Everscale is a blockchain supported by an "infinite sharding mechanism". (The Block)
Odaily News Squid, a cross-chain transaction and liquidity routing protocol, announced the completion of $3.5 million in financing, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One, and Node Capital.

On-chain Derivatives Market Maker Rysk Finance Closes $1.4M Funding Led by Lemniscap

On-chain Derivatives Market Maker Rysk Finance Closes $1.4M Funding Led by Lemniscap

Web3 Opinion Platform Polemix Closes $1M Funding, Invested by Be Kind Tech Fund

Web3 Opinion Platform Polemix Closes $1M Funding, Invested by Be Kind Tech Fund
It is reported that the Web3 opinion platform Polemix aims to use Web3 technology to upgrade the way people support and oppose opinion leaders. The Polemix platform enables influential opinion leaders across subject areas to make short videos and share their views on hot issues. Supporters can buy Proof of Support tokens (POSU) for an opinion leader’s idea, which can also provide benefits such as special access to the leader. Proceeds from POSU sales can be used to fund the work of opinion leaders or support foundations that promote the cause of leaders, but some sales can also be used to reward users who disagree in the platform's comment section.

Odaily News Web3 opinion platform Polemix completed $1 million in financing, which was independently invested by Be Kind Tech Fund, a venture fund owned by Globant, a digital native company.

It is reported that the Web3 opinion platform Polemix aims to use Web3 technology to upgrade the way people support and oppose opinion leaders. The Polemix platform enables influential opinion leaders across subject areas to make short videos and share their views on hot issues. Supporters can buy Proof of Support tokens (POSU) for an opinion leader’s idea, which can also provide benefits such as special access to the leader. Proceeds from POSU sales can be used to fund the work of opinion leaders or support foundations that promote the cause of leaders, but some sales can also be used to reward users who disagree in the platform's comment section.
Odaily News Tykhe Block Ventures announced a strategic investment in BitsCrunch, a multi-chain NFT data analysis platform. Tykhe Block Ventures stated that this investment aims to develop a secure, transparent and sustainable Web3 ecosystem.

NFT sailing game Metaline announced the completion of a new round of financing, Infinity Labs and others participated in the investment

Odaily news NFT sailing game Metaline announced the completion of a new round of financing, Infinity Labs, PAKA, GEMS participated in the investment, the specific amount was not disclosed.

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