headlines

headlines

Federal Reserve interest rate decision: the benchmark interest rate was raised by 25 basis points to a range of 0.25%-0.50%

The Federal Reserve raised the benchmark interest rate by 25 basis points to a range of 0.25%-0.50%, the first rate hike since December 2018, in line with market expectations.

Ukraine has legalized the crypto industry
Aave officially launched the V3 version, introducing functions such as cross-chain assets

Aave officially launched the V3 version, introducing functions such as cross-chain assets

The decentralized lending protocol Aave announced the launch of Aave V3 on six different blockchains, including Polygon, Arbitrum, Avalanche, Fantom, Harmony, and Optimism. The Ethereum mainnet launch date has not yet been determined. This update improves the liquidity of users' assets between networks, while improving capital efficiency and security. In addition, the V3 version will temporarily not affect the institutional DeFi product Aave Arc. (Cointelegraph)

The decentralized lending protocol Aave announced the launch of Aave V3 on six different blockchains, including Polygon, Arbitrum, Avalanche, Fantom, Harmony, and Optimism. The Ethereum mainnet launch date has not yet been determined. This update improves the liquidity of users' assets between networks, while improving capital efficiency and security. In addition, the V3 version will temporarily not affect the institutional DeFi product Aave Arc. (Cointelegraph)

BAYC Co-Founder Denies Leaked Yuga Labs Roadmap, Says It's Outdated
Garga.eth, the co-founder of Boring Ape BAYC, denied that the Yuga Labs roadmap had been leaked, and posted in the Discord community that the roadmap was outdated, and neither he nor another founder, Gordon, had ever seen it.

In addition, Garga.eth stated that many things mentioned in the roadmap have changed, and many things will change.

Andre Cronje deployed six foreign exchange stablecoin pools on Curve yesterday, namely the euro, Australian dollar, Swiss franc, British pound, Japanese yen and Korean won stablecoins against USDC. The stablecoins are on the foreign exchange protocol Fixed Forex, which was launched by Andre Cronje last July. The market believes that Andre Cronje's previous farewell may just be another temporary departure.

cryptocurrency

cryptocurrency

Canaan Announces $100 Million Share Buyback Program
According to the official website of the U.S. Securities and Exchange Commission, Canaan Technology announced a $100 million stock repurchase program, each share representing 15 shares of Class A common stock, and/or Class A shares within the next 24 months from March 16, 2022. common stock.

Zhang Nangeng, Chairman and Chief Executive Officer of Canaan Zhizhi, said, "We have noticed that recent international frictions, domestic quarantine measures to control COVID-19, and macro factors in the overall capital market have adversely affected our stock performance. Given the company's Strong fundamentals and cash position, we expect to allocate additional capital to create value for our shareholders. As previously stated, we have completed ahead of schedule our September 2021 authorized share repurchase program, this new share repurchase The plan demonstrates our confidence in the company's long-term prospects, while remaining committed to the company's operations and believing that challenges can be overcome and greater achievements can be made."

Hashed's current asset management scale exceeds 4 billion US dollars, 100% owned by the company

According to The Block’s interview with Baek Kim, a partner of Hashed, a South Korean encryption venture capital institution, Hashed has made more than 500 investments in the past five years, and its asset management scale has grown from the earliest US$700,000 to the current US$4 billion, and it is still 100 million. % is owned by the company. "We realize that there are still many gaps in this industry. We don't want to be just investors, just waiting for entrepreneurs to solve these problems. We hope to do more things, such as personally participating in product development. Currently, the main challenges facing chain games One of the issues is sustainability.” Baek Kim said more steps will be taken to help shape the future of crypto gaming. To this end, Hashed has created an 80-person metaverse investment studio team to help talented game developers incubate more sustainable Web3 games. Kim pointed out that interacting with the crypto gaming community outside of the game can be more fun than actually “playing the game.” (The Block)

Coinbase plans to launch crypto derivatives business in the US

Ethereum Testnet Kiln Has Successfully Transitioned to Proof-of-Stake (PoS)

After Ethereum merged with the public test network Kiln, it has successfully transitioned and upgraded to a complete Proof of Stake (Proof of Stake) consensus mechanism. Ethereum developer Tim Beiko said that validators are generating merged blocks that contain transactions, and the network is so stable that more than two-thirds of validators can complete transaction confirmations correctly.
Juno Network's Proposal 16 on the removal of giant whale account assets was passed

Compound builders propose gradually reducing COMP rewards to 0, upgrading rate model and introducing alternative reward schemes

Compound builder TylerEther proposed to adjust his previously proposed COMP reward adjustment proposal. The new plan proposes to reduce the existing reward by 50%, and reduce the COMP reward to 0 after one month.
In addition, the new proposal indicates that the interest rate model will be upgraded, and it is hoped that market size and activities will be determined by supply and demand rather than COMP rewards. An alternative reward plan, the kickstart reward, will also be introduced, and an effective reward plan will be developed to start a new market. The proposal points out that the market needs to have a large enough incentive mechanism to attract depositors to provide sufficient liquidity, and current users will immediately sell most of the COMP rewards. Therefore, incentives need to be used to develop the protocol so that the protocol itself and its Users and token holders benefit.

Trident beta version of SushiSwap's new AMM protocol launched on Polygon

SushiSwap announced that the beta version of the new AMM protocol Trident will be launched on Polygon.
It is reported that Trident is not only an AMM, but also a production framework for building and deploying AMM. Any developer can use Trident to create custom AMMs and launch them within the Trident framework. Pool types that pass audits and internal reviews will be eligible to be whitelisted and deployed on Trident.

Synthetic asset protocol Synthetix to release perpetual contracts on Optimism

The synthetic asset protocol Synthetix announced that it will release perpetual contracts on Optimism later this week, offering 10x leverage. The initial futures beta release will feature ETH, LINK and BTC trading. Open interest was capped at $20 million sUSD for BTC and ETH and $2 million for LINK during the first few weeks.

Juno Network's Proposal 16 on the removal of giant whale account assets was passed

Juno Network's Proposal No. 16 on removing the assets of giant whale accounts was passed, and 40.85% of voters agreed with the proposal.
Juno Network's Proposal No. 16 on removing the assets of giant whale accounts was passed, and 40.85% of voters agreed with the proposal.

According to previous reports, the Cosmos ecological smart contract platform chain Juno Network issued a governance proposal, aiming to reduce the number of coins held by a giant whale holding more than 3 million JUNO (total value of 120 million US dollars) to 50,000. However, at noon yesterday, the Juno Network development team Core1 tweeted that they hoped that community members would vote against Proposition 16 regarding the removal of whale account assets, and would formulate new proposals to provide more alternative solutions.

2. After the main network is launched (expected to be launched at the end of April 2022), EVNS will be airdropped to the main network domain name holders;

EVMOS Domain Name Service will contribute user airdrops to the testnet and mainnet

EVMOS domain name service will contribute user airdrops to the test network and the main network. The details are as follows:
1. Testnet airdrop: Users need to submit feedback and hold a testnet domain name to be eligible to participate in the EVNS test airdrop reward program;
2. After the main network is launched (expected to be launched at the end of April 2022), EVNS will be airdropped to the main network domain name holders;
Mainnet airdrop qualification limit: ETH users need to spend 0.5 ETH in Gas to qualify for the EVNS airdrop;
Hundred Finance and Agave Suffer Over $11 Million in Flash Loan Attacks

Hundred Finance and Agave Suffer Over $11 Million in Flash Loan Attacks

Hundred Finance, a compound fork project on the Gnosis chain, tweeted that the Gnosis team is investigating the hacker attack and currently suspends the Hundred market on all chains. In addition, the Aave fork project Agave on the Gnosis chain also encountered flash loan attacks.
According to official news, LINE NEXT, a global NFT platform subsidiary of Japanese communication giant LINE, announced that it will cooperate with 26 companies including Softbank and Visa to build a global NFT ecosystem.

GameFi and NFTs

The NFT market protocol ZORA v3 version has been launched on the Polygon network

According to official news, the NFT market agreement ZORA v3 version has been launched on the Polygon network. ZORA v3 version provides royalty configuration function and Gas optimization mechanism.

NFT game F1 Delta Time developed by Animoca Brands will cease operations

The NFT game F1 Delta Time developed by Animoca Brands and based on the Ethereum blockchain will cease operations on March 16, 2022. The company said it was "unable to renew the license" with the racing league. It's unclear how many players the game has in total. Data from NFT marketplace OpenSea shows that around 1,800 unique wallets own in-game NFTs.
According to the announcement, Animoca Brands will provide NFT holders with an alternative NFT for use in the racing game REVV Racing. All F1 Delta Time car owners will receive a replacement car. According to the rarity and power of the original F1 Delta Time car in REVV Racing ( Equivalent conversion in Polygon); the user's F1 Delta Time racing car can be exchanged for Race Pass, which can be used for pledge and obtain future NFT casting and airdrop; all other F1 Delta Time assets can be exchanged for proxy assets, which will be used to obtain REVV in the future NFTs of products in the Motorsport ecosystem.

LINE's NFT platform will cooperate with 26 companies including Softbank and Visa to build a global NFT ecosystem

According to official news, LINE NEXT, a global NFT platform subsidiary of Japanese communication giant LINE, announced that it will cooperate with 26 companies including Softbank and Visa to build a global NFT ecosystem.
Through this cooperation, LINE NEXT plans to cooperate with global companies in various fields such as games, entertainment, comics, metaverse, art, and services, to establish a global NFT value chain and lead ecological expansion.

Through this cooperation, LINE NEXT plans to cooperate with global companies in various fields such as games, entertainment, comics, metaverse, art, and services, to establish a global NFT value chain and lead ecological expansion.

McLaren will cooperate with InfiniteWorld to release luxury sports car NFT and plans to create an NFT market
Hex Trust Closes $88M Funding Led by Animoca Brands and Liberty City Ventures

Investment and Financing

Hex Trust Closes $88M Funding Led by Animoca Brands and Liberty City Ventures

Encrypted custodian Hex Trust completed $88 million in Series B financing, co-led by Animoca Brands and Liberty City Ventures, Ripple, Terraform Labs, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Protocol Labs and Adrian Cheng (CEO of New World Development), etc. Participate in voting. Funds from the Series B financing will be used to expand the business into Europe and the Middle East and obtain licenses.
Zebec, the Solana streaming payment protocol, completes $28 million in financing, with participation from Circle, Coinbase and others

Digital asset TAAS platform OXIO completes $40 million in Series B financing led by ParaFi Capital

OXIO, a blockchain-based digital asset "telecom as a service" (TAAS) platform, announced the completion of a US$40 million Series B financing, led by ParaFi Capital, Digital Currency Group, the parent company of Ascend, Leydon and CoinDesk, and previous investors The firm's Multicoin Capital, Monashees, Atlantico Capital and FinTech Collective participated. The funds raised will be used to accelerate OXIO’s operations in Mexico, expand its network to the U.S. and Brazil, and plan to expand the company’s product and engineering teams in the U.S. and Mexico.

Zebec, the Solana streaming payment protocol, completes $28 million in financing, with participation from Circle, Coinbase and others

Zebec, the Solana ecological flow payment protocol, has raised $28 million through token public sales and private placements, and launched ZBC tokens. Among them, private investors of $21 million include Circle, Coinbase, Solana Ventures, Lightspeed Venture Partners, and Alameda Research, and another $7 million in public token sales was completed in cooperation with Republic.
FreedomFi, a decentralized 5G network infrastructure, announced the completion of US$9.5 million in Series A financing, with participation from Samsung's venture capital arm Next, Qualcomm Ventures, and Blueyard Capital.

Web3 Startup Treehouse Completes $18 Million Seed Round Financing, Binance and Others Participate

According to official news, Treehouse, a Web3 start-up company focused on providing DeFi portfolio analysis, completed a seed round of US$18 million, led by an undisclosed large financial technology investor, Mirana Ventures, Lightspeed Venture Partners, MassMutual Ventures, Binance, Global Founders Capital, JUMP Capital, Moonvault Capital, Wintermute, GSR, K3 Ventures, LeadBlock Partners, Coinhako, Bitpanda, PINTU, The Brooker Group, ALPHA Lab Capital, PortoFino, Pulsar Trading, Fundamental Labs, CRC Capital, Berioza Associates, Venturra, Terra Do Kwon, SoftBank Vision Fund executives and others participated in the investment.

FreedomFi completes US$9.5 million in Series A financing, Samsung's venture capital department Next and others participated in the investment

FreedomFi, a decentralized 5G network infrastructure, announced the completion of US$9.5 million in Series A financing, with participation from Samsung's venture capital arm Next, Qualcomm Ventures, and Blueyard Capital.
It is reported that FreedomFi provides firmware and small cell hardware for Helium's token-driven 5G network, enabling various node operators to take advantage of the decentralized network and earn HNT tokens to provide services for nearby smartphone, laptop and tablet users. To provide services, there are currently more than 640,000 active nodes worldwide.
It is reported that Sturdy will be launched on the Fantom mainnet on March 21, and is expected to be released on the Ethereum mainnet at the beginning of the second quarter.

BinaryDAO completes over $9 million in financing through community public offering

BinaryDAO, the Metis ecological project, announced that it has completed more than $9 million in financing through a public offering in the community. It is reported that BinaryDAO is a revenue DAO organization that uses its funds to guide and invest in early encryption projects and provide BYTE Token holders with high-quality DeFi benefits.

Synthetic asset protocol Float Capital completes $5 million in seed round financing, with participation from Alameda Research and others

Float Capital, a synthetic asset protocol, announced the completion of a $5 million seed round of financing. Alameda Research, Maven 11, IDEO CoLab Ventures, MetaCartel Ventures, Encode Club, 6th Man Ventures, Ascensive Assets, etc. participated in the investment. Angel investors include Aave founder Stani Kulechov, BiLira co-founder Sinan Koc and others.

DeFi lending protocol Sturdy completes $3.9 million in financing led by Pantera

According to official news, Sturdy, an interest-free DeFi lending agreement, completed a $3.9 million seed round and strategic round of financing, led by Pantera, with participation from Y Combinator, Softbank’s Opportunity Fund, KuCoin Ventures, mgnr, One Block, Dialectic, and Orange DAO. The funds raised will accelerate its development, allowing it to launch on more chains, increase collateral assets, develop staking strategies, and build off-chain withdrawals on top of its core protocol.
It is reported that Sturdy will be launched on the Fantom mainnet on March 21, and is expected to be released on the Ethereum mainnet at the beginning of the second quarter.

P2E chain game Rebel Bots completes $2 million private equity round of financing, Animoca Brands participates in the investment

Recently, MetaID, the Web3 distributed identity protocol, completed a pre-A round of financing of US$1 million. The investor is MetaSoft (Macau), which focuses on the metaverse track.
Rebel Bots' first game, Xoil Wars, is a skill-based, sci-fi-themed digital card battle game where players battle and compete against each other. "Xoil Wars" is a game developed based on the Unity platform, and it will be released for both web and mobile platforms in the second quarter of this year.

Web3 Distributed Identity Protocol MetaID completes $1 million Pre-A round of financing

Recently, MetaID, the Web3 distributed identity protocol, completed a pre-A round of financing of US$1 million. The investor is MetaSoft (Macau), which focuses on the metaverse track.
MetaID is a basic distributed identity protocol in the Web3 field that supports cross-chains launched in 2020. Users have a private key to use all applications and open up information islands. Show, the largest Web3 social platform under the agreement, already has 20,000+ users and nearly ten Web3 applications.

MetaID is a basic distributed identity protocol in the Web3 field that supports cross-chains launched in 2020. Users have a private key to use all applications and open up information islands. Show, the largest Web3 social platform under the agreement, already has 20,000+ users and nearly ten Web3 applications.

Merit Circle has reached a cooperation with Avalanche ecological chain game Ascenders and invested 600,000 US dollars
According to official news, the chain game project CryptoRoyale completed a seed round of financing of 275,000 US dollars. This round of financing was led by DFKDAO, the Defi Kingdoms game association. The funds raised will be used to expand the team, support community projects, and promote games.

Chain game project CryptoRoyale completed a seed round of financing of 275,000 US dollars, led by DFKDAO

According to official news, the chain game project CryptoRoyale completed a seed round of financing of 275,000 US dollars. This round of financing was led by DFKDAO, the Defi Kingdoms game association. The funds raised will be used to expand the team, support community projects, and promote games.

global policy

global policy

The US SEC issued an investor announcement: Be alert to the risks of encrypted asset interest-bearing accounts
The U.S. SEC’s Office of Investor Education and Advocacy and the Enforcement Division’s Retail Strategy Task Force issued an investor bulletin to educate investors about the risks of accounts that pay interest on deposits of crypto assets.

The SEC said that over the past few years, retail investors have gradually increased their interest in encrypted assets, including cryptocurrencies, stablecoins, tokens and other digital assets. This investor announcement highlights the risks that may be involved with a recent type of financial product related to crypto assets, namely interest-bearing accounts used to hold crypto assets.

Japan's crypto agency may release looser rules for listing cryptocurrencies next week
Satoshi Hasuo, chairman of the Japan Virtual Currency Exchange Association (JVCEA), said the finalized measures could "significantly speed up" the speed at which authorized member exchanges can list cryptocurrencies.

character * voice

character * voice

Foreign media: Mark Zuckerberg says Instagram will soon support NFT
Karissa Bell, senior editor at Engadget, said on Twitter that Meta CEO Mark Zuckerberg said at a panel discussion at the South by Southwest Music Festival on Tuesday, "We are working hard to introduce NFT to Instagram in the short term. Not ready to announce anything specific today."

Casey Newton, the corresponding author of The Verge platform, tweeted that Zuckerberg also said that Instagram users may be able to mint their own NFTs in the app in the next few months.

Snowden: Government sees cryptocurrencies as an evolving threat
Former CIA employee Edward Snowden said at the Camp Ethereal 2022 summit that the government sees cryptocurrencies as an "evolving threat."

Snowden said that Ethereum has the same privacy issues as Bitcoin, but he still called the Bitcoin blockchain a level playing field, seeing the power of cryptocurrencies and decentralized technology. “As we move from these traditional technologies to these future decentralized technologies, what people are really missing when they get stuck is how transformative the power relationships are, or how transformative the power relationships are going to be.” (Decrypt)

Gavin Wood: XCM v3 version of Polkadot's cross-consensus message format is ready for audit