headlines
BTC hits new all-time high after 28 months
Last night, BTC once exceeded 69,000 USDT, surpassing the historical high of 69,040.1 USDT set in November 2021, setting a new price record after 28 months, and once fell to 59,000 USDT at 3 a.m.
Adam, a researcher at Greeks.Live, posted on the In the options market, a large number of sellers began to admit losses and the spreads gradually widened. If Bitcoin hits US$70,000, it is likely to drive a wave of IV to rise. The options market shows that derivatives have entered an extreme FOMO market.
According to an official announcement, MicroStrategy plans to sell convertible senior notes due in 2030 with an aggregate principal amount of US$600 million to qualified institutional buyers through a private placement, subject to market conditions and other factors.
MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $90.0 million in aggregate principal amount within a period of 13 days beginning on and including the date when the notes are first issued. It is reported that this issuance is affected by market and other conditions, and there is no guarantee whether, when or under what conditions this issuance will be completed. MicroStrategy said it intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for regular corporate purposes.
Fetch.ai launches Fetch Compute, a $100 million infrastructure investment project
According to official news, the Web3 protocol focusing on artificial intelligenceFetch.aiAnnounced Fetch Compute, a $100 million infrastructure investment project that will deploy Nvidia H 200, H 100 and A 100 GPUs to create a platform where developers and users can leverage computing power with the goal of enhancing engagement The ability of developers to create advanced applications that deepen the foundation of the AI economy. also,Fetch.aiIt will also introduce innovative reward mechanisms to its community through the project. Starting from March 7, 2024, stakingFetch.aiUsers of the native token FET will be rewarded with Fetch Compute Credits, which they can then use to pay for GPU usage on the Fetch Compute network.
Industry news
Montenegrin court overturns decision to extradite Do Kwon to US
Imprisoned Terra co-founder Do Kwon scored a rare victory when a Montenegrin court overturned a lower courts decision to extradite him to the United States, according to a statement released on Tuesday. Last month, Kwon appealed the ruling, which sent Kwon to the United States to face fraud charges related to Terras $60 billion loss in May 2022. The case is now being sent back to a lower court for a second retrial, according to the appeal statement. (dlnews)
According to official sources, the Fantom Foundation said that after all attempts to contact the former directors and key personnel of the Multichain Foundation failed, it filed a lawsuit against the Multichain Foundation, accusing it of breach of contract and fraudulent accounting of losses suffered by the foundation. Misrepresentation. In response, on January 30, 2024, the Singapore High Court issued a default judgment in favor of Fantom.
In the coming months, Singapore courts will quantify the losses suffered by the Fantom Foundation. Once damages have been assessed, the Foundation will issue a statutory demand to Multichain for payment of the amount assessed by the court. Given Multichains continued absence, it is not expected that this will occur, at which time the Foundation will petition the courts to liquidate the Multichain Foundation and appoint a liquidator (the equivalent of a US Chapter 7 bankruptcy).
The liquidator will act on behalf of all affected parties and will have the expertise to trace and recover assets, as well as the legal authority to recover and recover cross-chain assets, assess and manage claims, and distribute any recovered funds.
The liquidator will also obtain court authorization to assist in the recovery of community assets on behalf of the Multichain Foundation, including frozen stablecoins totaling approximately $65 million.
Project News
Binance Lists Dogwifhat (WIF) and Adds Seed Tag
Binance launched Dogwifhat (WIF) at 22:00 on March 5 (Eastern Eighth District time), and opened the following spot trading pairs: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
Binance will list MYROUSDT and 1000 PEPEUSDC 1-50 times U-margined perpetual contract
Binance will launch MYROUSDT and 1000 PEPEUSDC 1-50 times U-margined perpetual contracts at 16:30 on March 5, 2024 (Eastern Eighth District time) and 16:30 on March 7, 2024 (Eastern Eighth District time) respectively .
Ethena Labs launches new Pendle sUSDe pool
Ethena Labs released an update on the Shard Campaign and announced the launch of the new Pendle sUSDe pool, which will now capture actual sUSDe earnings, as well as 5x daily Shard rewards.
The current supply of USDe is close to $800 million ($780 million at press time), an increase of nearly $200 million since last Friday. The upper limit of 200 million USDe has been reached on Pendle, and more than 100 million USDe are locked in Curve.
Investment and Financing
According to official news, Solana ecological DePIN protocolio.netAnnounced the completion of US$30 million in Series A financing, led by Hack VC, SevenX Ventures, Multicoin Capital, 6th Man Ventures, M 13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, ArkStream Capital, Animoca Brands, Continue Capital , MH Ventures and OKX, as well as industry leaders including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Animoca Brands’ Yat Siu and Perlone Capital’s Jin Kang. The funds raised will be used to build the worlds largest decentralized GPU network and solve the AI computing shortage.
Baanx completes US$20 million in Series A financing, with participation from Ledger and others
Crypto payment company Baanx completed a $20 million Series A round of financing, with participation from Ledger, Tezos, Chiron and British Business Bank.
To date, Baanx has raised more than $30 million in total funding. Funds from this round will be used by Baanx to launch its service in the United States and Latin America this year. (CoinDesk)
Institutional-grade encryption service platform Utila announced the completion of a US$11.5 million seed round of financing, with participation from NFX, Wing VC and Framework Ventures. Utila primarily helps institutions and developers securely manage digital assets through its non-custodial, chain-agnostic wallet, which the company claims is currently used by dozens of institutional investors and crypto-native companies, enabling over the past six months. transacted over $3 billion in transactions. (TheBlock)
Decentralized artificial intelligence network Sahara announced the completion of a US$6 million seed round of financing, led by Polychain Capital. Samsung Next, Matrix Partners, Motherson Group, dao 5, Geekcartel, Canonical Crypto, Nomad Capital, Dispersion Capital, Alumni Ventures, Tangent Ventures and Coho Deeptech, as well as angel investor Sandeep Nailwal participated in the investment. Sahara is a trustless, permissionless and privacy-centric network that creates customized autonomous knowledge agents for individuals and businesses. By leveraging its decentralized network, users can leverage their intellectual capital to explore monetization opportunities through artificial intelligence. . (Chainwire)
DeFi prime broker Arkis completes $2.25 million in pre-seed financing, led by gumi Cryptos Capital
DeFi prime broker Arkis recently announced the completion of $2.25 million in Pre-Seed financing, led by gumi Cryptos Capital, with participation from G 1 Ventures, Blocklabs and Roosh Ventures. (The Defiant)
Character*Voice
Chainlink Lianchuang: We may be at the beginning of a new round of optimistic Bitcoin market cycle
Chainlink co-founder Sergey Nazarov said: The price of Bitcoin often reaches new highs, not just rising slightly, but significantly surpassing previous records. This indicates that we may be at the beginning of a new round of optimistic Bitcoin market cycles. The beginning stage. When the price of Bitcoin soars, its ecology will attract more capital to enter and promote innovation and development in this field. At the same time, we have observed a series of macro-environmental factors further promoting the growth of Bitcoin globally. The interplay of economic trends, regulatory evolution and market dynamics is converging with the rise of Bitcoin ETFs. These ETFs are more than just investment vehicles, they serve as a bridge between traditional finance and the crypto world, increasing Bitcoin’s appeal and Accessibility. The convergence of supportive macro factors with innovation and capital within the Bitcoin ecosystem is creating a positive feedback loop and laying the foundation for Bitcoin’s continued rise in the financial sector.”
Skybridge Capital founder: Bitcoin is the Berkshire Hathaway of the 21st century
“Bitcoin will be the Berkshire Hathaway of the 21st century,” said Anthony Scaramucci, founder of Skybridge Capital, Buffett’s investment company. Anthony Scaramucci believes it’s never too late to buy Berkshire shares, so it’s actually very, very early to invest in Bitcoin. (News.bitcoin)
