headlines
The Joint Official Liquidators (JOL) of FTX Digital Markets Ltd (FTX Digital) have notified customer and non-customer creditors to submit proof of claims or claims in liquidation via the FTX Digital Claims Portal and has enabled the FTX Digital Claims Portal for eligible customers. and non-customer creditors are required to submit claims promptly. Users can view their balances in their FTX accounts (as recorded by the Joint Official Liquidators) on the website and submit electronic claims in FTX Digital liquidation by May 15, 2024.
Tether issues an additional 1 billion USDT on the Ethereum network (authorized but not yet issued)
Tether issued an additional 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino said that this 1 billion USDT is a supplement to the inventory of the Ethereum network. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and inventory for cross-chain exchanges.
Binance Labs announced the 13 early-stage projects selected for the seventh season of the accelerator program MVB VII. The 10-week accelerator program is jointly operated by the community-driven blockchain ecosystem BNB Chain and Binance Labs.
DeFi includes:
1. BitU: A crypto-native collateralized stablecoin protocol that leverages off-chain liquidity and efficiency to provide higher returns.
2. Blum: A hybrid exchange that provides universal token access through gamification within the Telegram mini-app.
3. Surf: Liquidity center for long-tail assets, such as leverage trading of small-cap tokens, pre-market trading, points trading, etc.
4. Vooi: A cross-chain Perp DEX aggregator, supporting EVM and non-EVM chains.
Infrastructure includes:
1. Aggregata: Designed to expand the decentralized value of AI data, powered by DePIN-driven aggregation.
2. Nesa: A lightweight Layer-1 that uses the ZKML chain to perform critical AI inferences on queries that require a high degree of privacy, security, and trust.
3. Nimble: A composable AI protocol that enables ML models and data to be combined and used by AI agents, data providers, and computing resources.
The application layer includes:
1. Aspecta: An artificial intelligence-driven platform suitable for the new paradigm of the developer economy, providing support for individual developers and the development of the ecosystem.
2. Holoworld: A decentralized artificial intelligence character market and social platform that allows anyone to create artificial intelligence robots with just a few clicks.
3. Opinion Labs: is building a dynamic opinion and continuous prediction market.
4. Side Quest: A gaming and social platform with a strong community.
5. Story Chain: An innovative multi-layered dApp based on artificial intelligence that promotes collaborative storytelling.
6. Tilted: A TikTok-like marketplace for buying, selling, and trading game assets, skins, and NFTs on-chain.
Ordinals developer Leonidas posted on the
Industry news
BTC miner revenue hit $1.39 billion in February, ETH staker revenue increased 14.3% to $214 million
Data from The Block Pro shows that the adjusted total transaction volume on the BTC and ETH chains increased by 3.2% in February to $369 billion (BTC decreased by 0.6%, ETH increased by 9.2%);
Riot Platforms CEO: Riot Bitcoin mining cost to be $7,539 in 2023
Jason Les, CEO of the mining company Riot Platforms, said in an interview that the cost of Bitcoin mining for Riot Platforms in 2023 will be US$7,539, and Riots 24-year strategy is to mine more Bitcoins.
Les emphasized that a large amount of money poured into Bitcoin, driven by Bitcoin spot ETFs, supporting price growth and benefiting miners. Les said the halving is good for miners because it drives up the price of Bitcoin, which is core to their business model. (CryptoGlobe)
U.S. SEC Commissioner Hester Peirce: Regulators are considering Ethereum spot ETFs
U.S. Securities and Exchange Commission Commissioner Hester Peirce revealed when attending the ETH Denver event that the U.S. Securities and Exchange Commission is considering an Ethereum spot ETF, but currently has “no information to disclose.” In addition, Hester Peirce believes that some of the choices made by the SEC are very strange because when regulators kick entities out of the United States, they are actually pushing them beyond the control of U.S. regulators. (Decrypt)
Hungary has proposed a legislative proposal that aims to establish a digital asset regulatory framework with the Hungarian Central Bank as the main regulator and support banks, investment funds and asset management companies in providing Bitcoin and other cryptocurrency services. If passed, this bill would be a significant step forward in allowing traditional financial institutions to incorporate crypto services. Once the bill is approved, the relevant laws are expected to take effect on June 30. (Bloomberglaw)
Project News
Uniswap launches “Activate Uniswap Protocol Governance” proposal voting, expected to end on March 7
Uniswap has launched a voting on the Activate Uniswap Protocol Governance proposal. It is reported that this on-chain voting will end on March 7. Based on previous temperature check proposals. The proposal recommends upgrading protocol governance, including: enabling permissionless and programmatic collection of protocol fees; proportionally allocating any protocol fees to UNI token holders who have staked and delegated their voting rights; allowing governance to continue to control core parameters : Which pools require payment and the size of the fee.
Founder of Jupiter: Promoting the transformation from a single product to a full-stack ecosystem
The founder of Jupiter posted on the X platform that the DAO will be launched next week and will serve as one of Jupiters three core strategies. The first phase of Jupiter is a product-focused project that is driving the transformation from a single product to a full-stack ecosystem. Future plans are to build a unique, efficient, vibrant and collaborative community by integrating five key components such as users, teams, working groups, Catdets and DAO.
SatoshiVM: Plans to launch Alpha mainnet on March 15th and will support SAVM staking
Bitcoin Layer 2 project SatoshiVM announced that it plans to launch the Alpha mainnet on March 12, which will launch a series of functions, including: support for staking SAVM, bridging tokens, deploying tokens within 30 seconds, providing incentive airdrops for SAVM stakers, and Low-cost trading of BRC 20 tokens and more.
Puffer Finance will update its points policy, which will take effect from 16:00 Beijing time next Tuesday (March 5), including:
Only users who deposit before the February 9 deadline announcement are eligible to earn EigenPoints.
If an eligible user transfers pufETH from their wallet, EigenPoints will stop accumulating.
Providing pufETH liquidity for DeFi integration protocols will not affect EigenPoints.
It is worth noting that if the user has transferred out pufETH, he needs to transfer it back to the wallet before Monday to ensure that he can continue to earn EigenPoints.
Investment and Financing
Ethereum expansion project Taiko completes $15 million in Series A financing
Ethereum Layer 2 network Taiko completed a $15 million Series A financing. This round of financing was co-led by Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital, with participation from Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures and GSR.
It’s unclear when Taiko will begin raising capital for its latest round and whether it will use equity, tokens or a hybrid structure. Taiko co-founder and chief operating officer Terence Lam declined to comment on timelines, structure and valuation, but said all three rounds were structured the same. (Taiko disclosed two rounds of financing totaling US$22 million in June 2023)
OKX Ventures announces additional investment in Ethereum second-layer network Taiko
OKX Ventures announced additional investment in Taiko, the second-layer Ethereum network. Taiko is a decentralized Type-1 ZK-EVM.
Dora, founder of OKX Ventures, said that so far we have participated in two rounds of financing for Taiko. Taiko continues to follow the original goal and insists on creating a completely decentralized, decentralized sorter and validator, allowing developers to take advantage of the powerful functions of Ethereum L1 without any modification to existing DApps and deploy them to Taiko. network. Taiko will launch the mainnet in the first half of 2024, entering the next milestone and ushering in explosive ecological growth.
The decentralized reputation protocol OpenRank development team Karma 3 Labs announced the completion of US$4.5 million in financing, led by Galaxy and IDEO CoLab Ventures, with participation from Spartan, SevenX Ventures, HashKey, Flybridge, Delta Fund, Draper Dragon and Compa Capital. OpenRank works to increase user trust in Web3 primarily through ratings and recommendations, and the new funding will be used to drive adoption of its product and help launch an initial version of the protocol for developers to use. (TechCrunch)
Sui ecological lending protocol Scallop raises US$3 million, co-led by THE CMS and 6MV
Sui ecological lending protocol Scallop announced the completion of US$3 million in strategic financing, co-led by THE CMS and 6 MV, KuCoin Labs, 7 UpDAO, Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital Group, Mysten Labs, Kyros Ventures and others participated in the investment.
Fair Math, a developer of fully homomorphic encryption privacy protection technology, announced the completion of a $1.4 million Pre-Seed round of financing, led by gumi Cryptos Capital, Inception Capital and Polymorphic Capital. (Finsmes)
Web3 security startup CredShields announced the completion of a US$1 million strategic round of financing, with participation from Draper Associates. Currently, the company mainly provides Web3 security services, providing solutions to protect digital assets and ensure the integrity of blockchain-based transactions. The new funds will Used to promote SolidityScan, its accelerated development automation and simplified smart contract audit tool. (Bnnbreakingy)
Character*Voice
U.S. presidential candidate Robert F. Kennedy Jr. said in a recent interview that Bitcoin needs to be “available to the middle class for transactions.” He emphasized: “We need to ensure that those who want to protect themselves from inflation The people affected can own Bitcoin, but also make sure they have the freedom to transact, the government cannot digitize our currency like Canada does... As long as the government controls the digitized currency, we will not have the freedom to transact, and that can only be achieved through Bitcoin Money can do it. (Bitcoin.com）
Jake Chervinsky, chief legal officer of venture capital fund Variant, is skeptical that a spot Ethereum ETF will be approved this year. Chervinsky said that despite the success of Bitcoin ETFs, the U.S. SEC faces increasing political pressure and market instability, which may affect their decision-making process.
Chervinsky noted that the SEC has the ability to fend off legal challenges by taking positions that satisfy political priorities, even if those positions may not be entirely consistent with legal precedent. This strategy, while controversial, could be used to justify a possible rejection of spot Ethereum ETFs. (Blockchain.News)
Su Zhu shares some thoughts on investment portfolios on the X platform:
Mainstream currencies: BTC, ETH, SOL, FIL, AR, ATOM;
Meme coins: OX, DOG, DOGE, PEPE, TRUMP;
DeFi: MKR, RBN (Aevo is about to launch tokens);
AI: WLD, still learning, suggestions welcome.
Matrixport Analyst: Bitcoin could reach $125,000 by the end of this year or next year
Matrixport analyst Markus Thielen said in an interview with Rhythm BlockBeats that according to the data he ran, the current bull market has only been running for half of the time. Based on previous halving data, Bitcoin can reach $125,000 by the end of 2024. An indicator he saw in July last year showed that when Bitcoin hit a new one-year high for the first time in a year, there would be a 300% rebound. Based on this data, it can also be calculated to $125,000. To judge conservatively, Bitcoin Maybe $125,000 by the end of this year or next year. (BlockBeats)
