headlines
Crypto data analytics platform Arkham recently added Tesla’s Bitcoin wallet tracking functionality to its data dashboard.
The BTC wallet associated with Tesla shows a balance of 11,509 BTC, which is approximately 1,789 BTC more than the 9,720 BTC balance reported at the time of the last financial report.
Platform X users are curious whether Tesla has started buying Bitcoin again or if the recent change in numbers is due to an accounting error. Some users stated that the company may have started buying BTC after the last earnings call and may report new BTC purchases during the next financial call.
Tesla and Elon Musk have yet to comment on whether Tesla will buy Bitcoin. (Cointelegraph)
BlackRock updated the Bitcoin position data of its spot Bitcoin ETF. As of March 6, IBIT held a total of 187,531.99655 BTC, and the market value of its positions exceeded US$12 billion, reaching US$12,591,273,312.25, continuing to hit a record high. The market value of positions reached a new high.
a16z plans to raise $6.9 billion for new fund in AI, gaming and other fields
Andreessen Horowitz (a16z) plans to raise a total of $6.9 billion for a series of new funds, including two funds focused on artificial intelligence, people familiar with the matter said.
a16z is raising money for a master fund, half of which will go toward the firm’s fourth growth fund, people familiar with the matter said. The remaining half of its target funding will be used for two dedicated artificial intelligence funds, a gaming fund and a fund to support startups in dynamic fields in the United States. a16z defines American Dynamics as companies that “solve America’s most pressing problems,” including industries such as aerospace, defense and manufacturing.
a16z will wait until next year to raise more cash for its cryptocurrency and bio funds, with a16z investing $4.5 billion in crypto funds in 2022. (Fortune)
Foreign media: DO KWON will be extradited to South Korea instead of the United States
According to local media in Montenegro, Terraform Labs founder DO KWON will be extradited to South Korea instead of the United States. It was previously reported that the Korean National Police Agency has requested assistance from Interpol to extradite Do Kwon back to South Korea. (TheBlock)
Elon Musk replies to PEPE-related tweet Meme goes hard
Elon Musk responded to a PEPE-related tweet on the
Industry news
Bitcoin miners earned $75.9 million yesterday, second highest ever
CryptoQuant research director Julio Moreno posted on the X platform that Bitcoin miners’ income yesterday (March 6) reached $75.9 million, the second highest in history. The highest record was $77.3 million set on April 14, 2021.
Bitfarms mined 1,236 BTC last quarter and produced 4,928 BTC in 2023.
Bitcoin mining company Bitfarms announced its fourth quarter and full-year financial report for 2023. The data shows:
1. The mining output in the fourth quarter was 1,236 BTC, and the gross profit margin increased from 38% in the third quarter of 2023 to 52%. The mining output for the whole year of 2023 was 4,928 BTC.
2. By installing 2,300 mining machines, the computing power will increase by 7% to 6.5 EH/s by December 31, 2023;
3. Approximately 600 MicroBT M 50 WhatsMiners and 200 Bitmain S 19 j Pro+ Antminers were installed, increasing the capacity to 54 MW and adding 0.1 EH/s, bringing the total computing power of the mine to approximately 1.6 EH/s.
Core Foundation launches US$5 million innovation fund to promote Indias Web3 ecosystem
Core Foundation announces a $5 million innovation fund to drive growth of the Web3 ecosystem in India. The program aims to empower the Web3 community, enhance education, and provide critical support to Indian project founders and builders, enabling developers to create decentralized applications (dApps) on Core Chain. In addition to the innovation fund, Core Foundation is also rolling out plans to expand into the Indian market, including organizing builder meetups, hosting hackathons, and partnering with Web3 incubators and universities. There are also plans to launch an accelerator program in partnership with Indian Web3 venture capitalists and accelerators to provide necessary support to the growing community of Core Chain builders.
Project News
Sui ecological lending protocol Scallop announced token economics. The total amount of SCA tokens used is 250 million, and the token distribution ratio is:
1. Liquidity mining (45%) - distributed through various liquidity incentive plans.
2. Scallop core contributors (15%) - owned by founding team contributors.
3. Development and Operations (4%) - for development and operation purposes.
4. Consultants (1.5%) – assigned to key project consultants.
5. Strategic Investors and Partners (15%) – reserved for private fundraising and strategic partnerships.
6. Ecosystem/Community/Marketing/Airdrops (7.5%) — allocated to marketing and platform growth plans.
7. Liquidity (5%)
8. Project treasury (7%)
According to previous news, Scallop announced last week that it had completed US$3 million in financing, with THE CMS and 6 MV co-leading the investment.
According to an official announcement, Binance Futures announced the launch of the groundbreaking platform Futures NEXT. Through a prediction-based mechanism, Futures NEXT users can earn rewards for accurately predicting which tokens will be listed on Binance Futures’ USDⓈ-M market.
The NEXT Pool is an integral part of the Futures NEXT platform, showcasing a curated collection of user-nominated tokens for potential listing. Users can use this feature by allocating “Picks” to their preferred tokens in the pool. If these tokens are successfully listed on the USDⓈ-M contract market, users can receive rewards.
Futures NEXT operates independently of Binance’s listing process and focuses on rewarding accurate market predictions rather than affecting token listings. While users can nominate and assign Picks to tokens, Futures NEXT is not a voting platform. Therefore, a tokens popularity within the platform does not guarantee its listing. Binance maintains a strict and fair listing review process to ensure that all tokens follow the same evaluation standards regardless of their performance or popularity on Futures NEXT.
OTC protocol Whales Market launches Whales Market DAO and tweaks token economics
According to official news, OTC protocol Whales Market announced the launch of Whales Market DAO and adjusted token economics. When preparing the first DAO proposal, 10% of the team’s token allocation (equivalent to 950,000 WHALES tokens) currency) will be converted into xWHALES to give core contributors governance rights, allowing the team to actively participate in proposals and decisions for the long-term development of Whales Market.
In addition, Whales Market also stated that future decisions to cancel the pledge of xWHALES will be communicated publicly to ensure that the community fully understands and participates in important decisions. Since xWHALES will accumulate revenue shares, the future DAO will redistribute rewards for DAO members who actively participate in governance.
According to monitoring by on-chain analyst @ai_ 9684 xtpa, in the past 23 hours, the QCP Capital associated address 0x a 4 F...0 d 358 recharged 311,976 RNDRs to Binance, with a return rate as high as 6983%. The addresss The cost of the token is only US$0.13 (or even lower). It was transferred after cross-chain to the Ethereum address three years ago (October 21, 2020). If all are sold this time, the profit will be US$2.99 million. .
According to on-chain analyst Ember Monitoring, 1 hour ago, Binance Labs transferred 12.5 million CRV (worth approximately US$10 million) to Binance. These 12.5 million CRV were the result of Binance Labs spending 5 million USDT in August last year. Purchased from Curve founder Michael Egorov at a price of $0.4, if all sold, a gain of $5 million (+100%) will be achieved.
Investment and Financing
Zama raises US$73 million in Series A funding, led by Multicoin Capital and Protocol Labs
Zama, an open source cryptography company that helps developers build privacy-preserving applications, announced the completion of a $73 million Series A round of financing, co-led by Multicoin Capital and Protocol Labs, with Metaplanet, Blockchange Ventures, Vsquared Ventures and Stake Capital as well as Filecoin founders Juan Benet and Solana Co-founder Anatoly Yakovenko and Ethereum co-founder and Polkadot co-founder Gavin Wood participated in the investment.
Zama co-founder and CEO Rand Hindi said in an interview that Zama has completed this financing in two rounds over the past two years. Hindi said this was an equity round, bringing Zamas total funding to date to more than $80 million, but he declined to comment on the valuation.
As part of the Series A round, Filecoin’s Benet and Multicoin’s Kyle Samani, among others, joined Zama’s board of directors.
It is reported that the company has built a confidential smart contract protocol called fhEVM that allows developers to build privacy-preserving applications. fhEVM currently only works on the EVM blockchain. Hindi said Zama is working to support L1 blockchains such as Ethereum and Solana in the future. Crypto projects including modular blockchain developer Inco, Layer 2 developer Fhenix and Shiba Inu developer are already using Zama’s FHE technology.
Zama plans to use the new financing to continue research and development of its FHE tools. Hindi said Zama has achieved a 100x performance improvement since its early research, and now its aiming for another 1,000x performance improvement to support large-scale applications. In addition to building tools for the blockchain industry, Zama develops custom solutions for the artificial intelligence, healthcare, financial services, and government security industries. (The Block)
Cosmos ecological development platform Cosmology has completed a US$5 million seed round of financing, led by Galileo and Lemniscap, with participation from Dispersion, HashKey, Tuesday Capital, Osmosis Foundation, Chorus One and Informal Systems. Cosmosology provides a full-stack development environment, including Tendermint developer tools, Cosmos SDK and Internal Blockchain Communication (IBC) protocol. The project did not disclose the valuation of this round of financing. (TheBlock)
The modular blockchain project Blackwing announced the completion of a new round of financing of US$4.5 million, led by Hashed and Gumi Cryptos. The new funds will be used to develop a modular Layer 2 blockchain to support liquidation-free leverage transactions of crypto assets and help users Reduce the risk of forced liquidation. (Chainwire)
OKX Ventures announces investment in ether.fi, the native liquidity re-pledge protocol on Ethereum
According to official news, OKX Ventures announced its investment in the native liquidity re-pledge protocol on Ethereumether.fi，ether.fiIt is a protocol that allows users to stake ETH and receive eETH, a native re-staking liquid staking token designed to promote DeFi and decentralize Ethereum.
Bison Labs announced the completion of a Pre-Seed round of financing, aiming to create a second-layer Bitcoin network with Trustless and on-chain sovereign Rollup solutions. This round of financing was led by Portal Ventures, with participation from UTXO Fund, Domo (creator of BRC-20), Magic Eden’s chief product officer Linus Chuang, Waterdrip Capital, Bitcoin Startup Labs, Satoshi Lab and other strategic investors.
Indian social network voting application Hunch announced the completion of US$23 million (approximately 1.9 billion rupees) in financing, led by Alpha Wave and Hashed Emergent. It is reported that Hashed Emergent is a blockchain venture capital focused on early stages. Hunch can create survey voting projects to vote on topics in finance, games and other fields. Hunch plans to become the preferred platform for voting in the Web2 and Web3 market areas. (Newsdrum)
ETF Progress
U.S. SEC delays decision to approve listing of Bitcoin ETF options until end of April
The U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve the listing and trading of Bitcoin ETF options by the Chicago Board Options Exchange (Cboe). The regulator said on Wednesday that it would delay its decision on approving the proposed rule changes until the end of April. Cboe is currently trading The firm did not immediately respond to a request for comment on the delay. (blockworks)
