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Dmail Network officially announced more details about the DMAIL airdrop on the X platform. details as follows:
1. The DMAIL token contract has been successfully deployed to BNB Chain and the Ethereum main network. 6% of the tokens will be used for airdrops in Season 1 and Season 2. The airdrop application will be carried out on BNB Chain.
2. The Season 1 airdrop will reward various community participating groups, including paid NFT domain name holders, full-time trading users, community contributors, 3D Crystal NFT holders, Dmail DApp active users, and Gitcoin donors.
3. The snapshot time for 3D Crystal NFT holders is 0:00 UTC on January 27 (8:00 Beijing time). Users who purchase after this time will not be eligible for air investment. The Dmail team is carefully reviewing airdrop data to mitigate any potential Sybil attacks.
4. Season 2 airdrop will be open to Dmail Points holders only.
Ethereum Foundation releases announcement regarding Dencun upgrade on Sepolia and Holesky testnets
The Ethereum Foundation has made an announcement regarding the implementation of the Dencun upgrade on the Sepolia and Holesky testnets. According to the plan, the expected upgrade time of Sepolia is 22:51:12 UTC on January 30 (06:51:12 Beijing time on January 31), and the expected upgrade time of Holesky is 11:34 UTC on February 7. 24 (February 7, 19:34:24 Beijing time).
If the Sepolia and Holesky upgrades go smoothly, the next step is to activate the Dencun upgrade on the Ethereum mainnet.
Industry news
JPMorgan Chase said that downward pressure on Bitcoin prices has eased as profit-taking on the Grayscale Bitcoin Trust (GBTC) has essentially ended.
A team of analysts led by Nikolaos Panigirtzoglou said GBTC has seen $4.3 billion in outflows since switching to a spot Bitcoin ETF two weeks ago, exceeding JPMorgan’s previous estimate of roughly $3 billion in outflows. Therefore, it can be judged that GBTC profit-taking has basically ended, which also means that most of the downward pressure on Bitcoin from this channel should have passed. But if GBTC’s 1.5% fee isn’t lowered soon, the fund could see continued outflows and lose market share to competitors.
Analysts also said that although on the surface, the launch of spot Bitcoin ETFs means that liquidity is more fragmented, in fact, if the experience of traditional asset class ETFs such as stocks is a guide, spot ETFs will actually increase the market depth and liquidity, so it is expected that the emergence of spot Bitcoin ETFs will make the Bitcoin price discovery process more efficient. (The Block)
SEC delays decision on Grayscale Ethereum spot ETF proposal again
The U.S. Securities and Exchange Commission has once again delayed its decision-making timeline on Grayscale Investments’ Ethereum spot proposal.
The SEC specifically asked whether Ethereum’s proof-of-stake mechanism and the “concentration of control or influence of a few individuals or entities” pose unique concerns that make the fund vulnerable to fraud and manipulation. (The Block)
Analysis: Options data suggests ETH will weaken for three months before strengthening
Amberdata analysis data pointed out that options related to Ethereum show a trend of ETH price weakness over the next three months, with a slight bias towards price strength in the subsequent months. Ethereum’s weekly bullish-bearish divergence fell to nearly -8 on Wednesday, the lowest level in more than three months, indicating that the market is more bullish on a lower Ethereum price. Deribit founder Imran Lakha pointed to a key level for ETH at $2,150, a breakout of which could lead to further losses. (CoinDesk)
Project News
Binance will launch LSK 1-50x U-margined perpetual contract
Binance will launch the LSK 1-50x U-based perpetual contract at 22:15 on January 25, 2024 (UTC+ 8). When the LSKUSDT perpetual contract is launched, its upper and lower funding rate limits are +2.00% / -2.00%, and funding fees are settled every four hours.
Binance announced that the new asset AltLayer (ALT) has been launched on the Binance Financial Management and Flash Exchange trading platforms.
In addition, Binance will list ALT on the leverage, futures and fixed investment platforms at 22:00 on January 25 (UTC+8), 22:00 on January 25 and 08:00 on January 27.
AltLayer has once again announced the airdrop query interface. ALT is still unavailable for claim. The claim will be open at 9:00 UTC on January 25 (17:00 Beijing time).
AltLayer added that TIA stakers are temporarily unable to check their air investment eligibility through the above interface, and AltLayer will share an announcement when this feature is launched in the coming weeks.
According to previous news, AltLayer announced this query interface on X about an hour ago, but deleted the announcement a few minutes later.
Sleepless AI posted on the Sub-HIM: Genesis series NFT.
During this offering, due to a lack of understanding of the industry, marketers had insufficient grasp of the details of marketing work, and lacked fast, effective, and transparent communication in the community. During this period, the NFT auction price increased, and the gap between the expected airdrop ratio and the NFT price was large, resulting in losses for all Genesis NFT users holding HIM. At the same time, we also realize that communication with users does not have a complete system solution, but communicates one by one.
Sleepless AI further stated that for users who wish to repurchase NFT, they will repurchase the amount of BNB paid by the buyer when the auction is finalized, and the repurchase has been completed. For buyers who do not want to repurchase NFT for the time being and want to continue to hold NFT, NFT will continue to be empowered in the future.
The friendtech v2 version will be launched with new features such as Money Club and custom curves
Web3 social platform friend.tech stated on the X platform that its v2 version will launch new features such as Money Club, new points plan, and custom curves.
Meow, co-founder of Jupiter, posted on the All want to accumulate JUP at lower prices, and your actions (selling) will help them achieve that goal more easily.
Meow added: For the Jupiter team, to be honest we dont care too much about the opening price, we will be fine no matter the price and will continue to build the world we want starting February 1st.
In the RockTree OG Talks series of roundtable talks co-organized by RockTree Capital and Odaily, Axelar (AXL) co-founder Georgios Vlachos said that Axelar serves as a cross-chain platform to achieve Web3 interconnection and create a future Web3 ecosystem.
Georgios likens Axelar to the Internet of blockchains, enabling cross-chain and cross-application links through data and transactions.
At the same time, Axelar has cooperated with a number of large financial institutions, including JP Morgan, Uniswap, Lido, dYdX, etc., to integrate applications into the Axelar platform and expand to the gaming field to integrate with Immutable.
Georgios emphasized the importance of security for cross-chain platforms. Axelar improves the security of the platform through the following three measures:
1. Completely adopt open source technology;
2. The link method used is hub-and-spoke type instead of the traditional point-to-point type;
3. There are 75 dynamic validators in the decentralized set.
It is reported that Axelar (AXL) is a cross-chain platform that currently connects more than 56 blockchains, has a transaction volume of up to 7 billion US dollars in infrastructure, and provides services for well-known enterprises such as dYdX, Uniswap, Microsoft and JPMorgan Chase.
Meow, co-founder of Jupiter, announced on the and lasts until January 29th.
According to the disclosed token economic model, 70% of WEN will be airdropped to more than 1 million Solana wallet addresses. The airdrop targets include Jupiter users, Ovols NFT holders, Genesis Saga holders, mockJUP test users, etc.; 20 % of WEN will be used to build liquidity; 10% of WEN will be retained in the treasury; after the airdrop application is completed, all unclaimed WEN will be destroyed.
Meow added that WEN is a token launched by the Ovols team using Jupiter’s LFG Launchpad, and that Jupiter has no relationship with the project other than hosting the project and receiving 1% of WEN from the treasury share.
According to previous news, Jupiter officially announced that it will conduct a test issuance of two tokens before issuing JUP. One is the issued mockJUP, and the second is a certain meme token. Earlier this week, Jupiter announced the launch of the Jupiter LFG Launchpad Beta version and said it would issue the meme coin as well as JUP through the platform.
Stargate cross-chain bridge has been launched on the Mantle network
According to Mantle official news, the Stargate cross-chain bridge has been launched on the Mantle network. Currently, wallets bridged to the Mantle network through the Stargate cross-chain bridge will be able to receive 1 MNT token as their first deposit transaction reward. However, at this stage, USDC can only be transferred through Stargate. and USDT are connected to the Mantle network. If subsequent voting is successful through Stargate DAO, other tokens can be added.
Orbit Bridge developer Ozys has filed a lawsuit against its former chief information security officer (CISO) seeking damages after he weakened the companys firewall before the Orbit attack. (The Block)
According to previous news, the Orbit Chain cross-chain bridge was attacked by hackers, resulting in a loss of US$81.5 million in cryptocurrency and stablecoins.
Ceffu newly supports deposits and withdrawals of seven tokens including FDUSD, WLD, and CYBER
According to official news, Binance cryptocurrency custodian and partner Ceffu (formerly Binance Custody) announced that it has added support for deposits and withdrawals of FDUSD, gCOTI, CYBER, WBETH, FRONT, WLD, VIC, a total of seven tokens.
Bitcoin second-layer network BSquared Network announces the launch of B² Buzz event
The Bitcoin second-layer network BSquared Network announced the launch of the B² Buzz event. The first phase of the event has started. Users can obtain invitation codes and invite friends in the B² Network Discord community. In the subsequent stages, assets will be bridged to the BSquared Network and exchanged for mining machines. Parts, by assembling the mining machine to mine B² tokens, obtain corresponding income and more ecological and DeFi rewards.
MANTRA Finance New Governance Proposal Now Open for Community Voting
DeFi project MANTRA Finance’s new governance proposal is now open for community voting, proposing to increase OM staking rewards by 20% starting next week. If the community accepts this proposal, the reward increase will take effect within 24 hours of approval and continue until further notice.
Investment and Financing
BSquared Network completed seed round financing, with participation from OKX Ventures and others
Bitcoin second-layer network BSquared Network announced the successful completion of its seed round of financing, with investors including OKX Ventures, HashKey Capital, IDG Capital, Kucoin Ventures, ABCDE, Waterdrip Capital, OGs FUND and Antalpha Group. B² Network uses ZK Rollup technology to solve Bitcoin scalability challenges while ensuring consistent security with the Bitcoin main network, and is compatible with EVM. At the same time, B² Network also provides a data availability layer for other Bitcoin Rollups, making it the first data availability layer in the Bitcoin ecosystem.
The decentralized physical network Meson Network announced on X that it has completed a new round of strategic financing led by Presto Labs at a valuation of US$1 billion. The specific financing amount was not disclosed.
It is reported that Meson Network focuses on DePIN+AI and aims to create a decentralized physical network authorized by people. The Meson Network DePIN node is developed using user-friendly technology and can accommodate various hardware, such as personal laptops, servers, and things. Internet-connected devices and more.
Web3 Intelligence, developer of Web3 investment application Dopamine, completed a $4.5 million private placement round with participation from DAO MAKER, Shima Capital and Gate. Web3 Intelligence primarily provides anti-money laundering information to institutions to provide their clients with the same compliance standards as traditional finance. It is reported that the company is about to issue DOPE utility tokens. Institutions holding DOPE will have access to Web3 Intelligence’s anti-money laundering (AML) infrastructure, which supports the compliance scoring of Web3 wallets and converts them into NFTs. The scoring results are encapsulated on the blockchain. (CoinDesk)
Bitflow Labs completes $1.3 million in Pre-Seed round led by Portal Ventures
Bitflow Labs, a decentralized exchange that aims to solve the liquidity fracture problem of the entire Bitcoin ecosystem, announced that it has completed a pre-seed financing of US$1.3 million, led by Portal Ventures, Bitcoin Frontier Fund, Bitcoin Startup Lab, Big Brain Holdings, Newman Capital, Genblock Capital, Tykhe Block Ventures and others participated in the investment. The Bitflow platform supports trading of BTC, stablecoins, BRC 20, and Stacks tokens, etc., and is only promoting the development of the Bitcoin ecosystem.
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Ki Young Ju, founder and CEO of CryptoQuant, posted on the Ki Young Ju also questioned Grayscale’s plan to reduce its GBTC holdings.
Founder of Stonewood Capital: Cross-chain technology is the key to future blockchain winners
In the RockTree OG Talks series of roundtable talks co-organized by RockTree Capital and Odaily, Omer Ozden, founder of Stonewood Capital and international partner of Zhen Fund, said that the real winners in the future will be institutions that provide cross-chain services or full-chain services. , a single chain or isolated ecosystem will be difficult to compete with cross-chain or full-chain.
Omer also said that RockTree investment focuses on analyzing the quality and psychological characteristics of project founders and teams to determine whether they have the ability to succeed in the project. Another important point in investment is comparative analysis with similar projects in the same track.
Rocktree will launch a new website and brand upgrade in February. The new website will adopt a cyberpunk design style, depicting the popularity of Web3 products in the next 30 years.
