headlines

OKX Jumpstart launches DMAIL (Dmail) and will start mining new coins on January 26

According to official news, OKX Jumpstart has launched a new project DMAIL (Dmail). Users can start mining at 6:00 UTC on January 26, 2024 (14:00 Beijing time) and pledge BTC and OKB to obtain DMAIL tokens. The total reward amount is 3, 000, 000 DMAIL. Mining will end at 14:00 on January 30, and new coins will be distributed at 16:00 on the same day.

This OKX Jumpstart is limited to KYC users from South Korea, Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, and Turkmenistan.
Dmail Network is an AI-powered decentralized communications infrastructure designed to provide users, developers, and marketers with encrypted emails, unified notifications, and targeted marketing across multiple chains and DApps.

MANTA broke through 3 USDT, with an increase of 32.21% in 24 H

Bitget market data shows that MANTA broke through 3 USDT and is now trading at 3.0062 USDT, with a 24 H increase of 32.21%.

Industry news

Japanese lawmakers hope to formulate new Web3 policies and clarify DAO-related regulatory regulations

Japanese Diet members Masaaki Taira and Hideto Kawasaki said in an interview with CoinDesk Japan on Wednesday that they hope to formulate policies for Web3 in Japan.

In April 2023, the Web3 Project Team (web3 PT) of the Liberal Democratic Party of Japan released a white paper and promised to hold discussions aimed at developing various Web3 projects using blockchain technology.
They are also hosting a Decentralized Autonomous Organization (DAO) rulemaking hackathon in late 2023, where stakeholders can express their expectations for policymakers. Kawasaki, who serves as executive director of web3 PT, added that through the hackathon, short-term and mid- to long-term issues became clear.
One issue of concern is the need for more clarity on DAOs and whether companies need to implement smart contracts in order to be classified as a DAO. Taira, who chairs web3 PT, believes the issue will become clearer over time.
Kawasaki stated that the next step is to clearly reflect this in the next white paper, and they need to establish regulations for DAOs. In addition, we hope to understand the current situation in other areas outside of DAOs and identify new and important policy perspectives within web3 PT.
web3 PT also succeeded in getting tax reform on third-party ownership understood and passed by the party’s Tax Inquiry Committee. The Lib Dems tax reform outline, which included a review of holdings of crypto assets issued by other companies, was approved by cabinet at the end of December. Now Kawasaki wants to ensure this reform is implemented. (CoinDesk)

BlackRock IBIT had a net inflow of 43930.3 BTC in 8 trading days, and Fidelity FBTC had a net inflow of 37847.1 BTC.

BitMEX Research data shows that Grayscale GBTC had a net outflow of 13,143.6 BTC yesterday, and the cumulative net outflow in 8 trading days was 95,296.2 BTC.

BlackRock Bitcoin Spot ETF (IBIT) had a net inflow of 4083.1 BTC yesterday, and a cumulative net inflow of 43930.3 BTC in 8 trading days.
Fidelity Bitcoin Spot ETF (FBTC) had a net inflow of 4,022.3 BTC yesterday, and a cumulative net inflow of 37,847.1 BTC in 8 trading days.
Bitwise Bitcoin Spot ETF (BITB) saw a net inflow of 671.3 BTC yesterday, and a cumulative net inflow of 11,874.5 BTC in 8 trading days.
ARK Bitcoin Spot ETF (ARKB) had a net inflow of 1,576.5 BTC yesterday, and a cumulative net inflow of 12,059.7 BTC in 8 trading days.

Global Bitcoin ETP holdings drop to 865,092 BTC

Vetle Lunde, senior analyst at K 33 Research, posted on the

Pantera Capital: Bitcoin DeFi ecosystem TVL will rise to 1-2% of BTC market value, reaching $10-15 billion

Paul Veradttakit, managing partner of cryptocurrency hedge fund Pantera Capital, pointed out in the latest report that Bitcoin ETF will not be the only headline news for cryptocurrencies this year, and the Bitcoin DeFi ecosystem, halving and tokenization will become the focus during the year. Paul Veradttakit said that although the impact of the economic downturn in 2022 on cryptocurrency prices will be as severe as previous bear markets, this is not because cryptocurrencies face an existential crisis. On the contrary, the main reasons for the market collapse are leverage and bad actors. In addition, as the Bitcoin DeFi infrastructure matures, we may see the total locked-up volume (TVL) of the Bitcoin DeFi ecosystem rise from the current US$300 million to 1-2% of the BTC market value, which is approximately 1-2% of the BTC market value at current prices. $10-15 billion. (DLnews)

In the fourth quarter of 2023, the average daily transaction volume of BNB Chain reached 4.6 million, a year-on-year increase of 35%

According to the BNB Smart Chain Status in the Fourth Quarter of 2023 report released by Messari, BNB Smart Chain (BSC) set a record of processing 32 million transactions in a single day in the fourth quarter of last year, and the average daily transaction volume of BNB Chain in the fourth quarter reached 4.6 million. A year-on-year increase of 35% and a month-on-month increase of 30%.

Arkham: The value of Meme token TRUMP received by Trump’s address has exceeded $1 million

Arkham data shows that the meme token TRUMP sent to an address tagged Donald Trump is now worth over $1 million.

It is reported that TRUMP tokens are not directly related to former US President Trump, but some people are using these tokens as speculative bets on his participation in the presidential election. (CoinDesk)

The cumulative revenue of Bitcoin miners is close to 60 billion US dollars, and the annual revenue has exceeded that of many listed companies such as Hermès

Yassine Elmandjra, head of digital assets at ARK Invest, posted on the

Yassine Elmandjra also said that ten years ago, Bitcoin mining was just an activity for business enthusiasts, but now the annual income of miners has exceeded that of many global listed companies, such as Spotify, eBay, Hermes, Chipotle, Hertz, Hilton, etc.

Project News

Worldcoin will open source iris recognition inference system

Worldcoin’s official blog announced that it will open source the Iris Recognition Inference System (IRIS) to enhance transparency. The system represents a step-by-step process of converting iris images into iris codes. The iris code is a numerical representation of a person’s iris texture and only verifies that the individual is in Orb The core engine that uniquely and securely verifies its World ID.

Ondo Finance unveils ecosystem directory including BlackRock, Morgan Stanley, Coinbase and more

Ondo Finance unveils its ecosystem directory with leading providers in liquidity, custody and other key areas.

Among them, asset management companies and trust companies include Morgan Stanley, BlackRock, Ankura Trust, Clear Street and NAV Consulting, and industry partners include Coinbase, Ethereum, Solana, Mantle, Injective, etc.

Horizen: ZEN 5.0.0 will perform a hard fork upgrade on the mainnet on February 7, after which transactions involving blocked addresses will not be possible

Horizen issued a document on the

Officials stated that after the hard fork, users will no longer be able to conduct any transactions involving shielded addresses, so users are advised to move funds out of the shielded pool before then and not to deposit funds directly from shielded addresses into trading platform wallets.

SushiSwap reopens Sushi Bar, with some transaction fees reduced from 0.3% to 0.05%

SushiSwap announced on the X platform that it has reopened Sushi Bar, and users can now stake SUSHI in exchange for xSUSHI. A portion of the transaction fee (0.3% reduced to 0.05%) will be used to purchase SUSHI, accumulated into Sushi Bar and distributed to xSUSHI holders.

Bitget launches a new issue of CandyBomb, with a total prize pool exceeding 1.26 million ZKF

Bitget launches a new issue of CandyBomb. This issue is exclusive for new users, with a total prize pool of 1, 263, 360 ZKF. Complete designated tasks such as transactions, recharges, invitations, etc. within the event time to have the opportunity to receive rewards. The event time is from 11:00 on January 24, 2023 to 13:00 on February 6, 2024.

DWF Labs launches new grant program for L1/L2/Ecos

DWF Labs partner Andrei Grachev posted on the X platform that DWF Labs has just launched a new grant program, mainly for projects in the L1/L2/Ecos field, aiming to provide support to project founders. Grant-winning projects are not required to return funds to DWF Labs, and the program is designed solely to drive industry growth and mutual benefit.

Metis: Decentralized Sorter Season 2 Community Test Coming Soon

Metis tweeted that the decentralized sorter Season 2 community test is coming soon. According to OKX market data, METIS has increased by 5.89% in 24 hours and is currently quoted at $94.33.

Chain game Project Matthew will conduct beta testing and provide Matthew Land NFT airdrop

According to official news, the Web3 space simulation game Project Matthew will be in beta testing on the BNB Chain test network from January 24th to February 6th.

Beta participants who reach 15,000 Battle Points will receive whitelisting status and a Matthew Land NFT airdrop.

BakerySwap will postpone launch of Launchpad project 20 EXchange

BakerySwap posted on the X platform that due to poor market conditions, the Launchpad project 20 EXchange, originally scheduled to be released on January 26, will be postponed.

Investment and Financing

OKX Ventures leads investment in decentralized Layer 2 cross-chain protocol Orbiter Finance

According to official news, OKX Ventures announced that it is leading the investment in the decentralized Layer 2 cross-chain protocol Orbiter Finance. In the past two years, Orbiter has processed more than 12 million transactions with a total value of US$7.8 billion, and has more than 3 million cumulative users. Orbiter is currently undergoing product upgrades and building an instant Omni Rollup based on ZK-Tech on the Ethereum network. Orbiter aims to become an instant full-chain Rollup based on ZK technology, thereby establishing a secure, efficient, low-cost and low-latency communication mechanism for Ethereum.

Dora, founder of OKX Ventures, said that he is pleased to lead the financing of Orbiter. Orbiter solves pain points such as the slow speed of traditional bridges and improves the efficiency of cross-chains between multiple Layer 2 and the ETH main network. It can be seen that Orbiter Finance currently supports 19 Layer 2 Rollups and a variety of native assets of the Ethereum ecosystem, and is becoming an indispensable infrastructure for the Layer 2 ecosystem. The Orbiter team continues to upgrade its products based on its own development, and will continue to provide more decentralized and trustless support for the development of the Layer 2 ecosystem in 2024.

AI-driven brand protection platform Doppel completes US$14 million in Series A financing, led by a16z

According to official news, Doppel, an AI-driven brand protection platform, announced the completion of a $14 million Series A round of financing, led by a16z, Strategic Cyber ​​Ventures, Okta Vice Chairman and Co-Founder Frederic Kerrest, Datadog Chief Information Security Officer Emilio Escobar, Capital One Chief Executive Technology Risk Officer and Executive Vice President Andy Ozment, Chainguard President Ryan Carlson, Material Security Co-Founder and Chairman Ryan Noon, Octant Co-Founder Ramsey Homsany, OpenAI Research Scientist Prafulla Dhariwal and other new investors, as well as South Park Commons, SVAngel, Existing investors Gokul Rajaram and Sabrina Hahn participated. Zane Lackey, former co-founder of Signal Sciences and chief information security officer at Etsy, is joining its board of directors.

Doppel is an AI-powered brand protection platform that provides a suite of solutions for solving digital risks at scale and currently serves businesses across a variety of industries, including Coinbase, ARK Invest, and VSCO.
Doppel was previously positioned as an NFT fraud detection company. In May 2022, Doppel announced the completion of a $5 million seed round of financing, led by FTX Ventures.

DeFi sustainable protocol aggregator Cadence Protocol completes seed round financing, CSP DAO and others participated in the investment

According to official news, DeFi sustainable protocol aggregator Cadence Protocol announced the completion of a seed round of financing, Dewhales Capital, CSP DAO, FourMoons Investment Group, Code 4 Arena/Canto/Slingshot founder Scott Lewis, Zellic co-founder Stephan Tong and Marin Ventures’ Ryon Strategic angel investors such as Nixon participated in the investment, and the specific financing amount has not yet been disclosed.

The new financing will be used to launch the perpetual protocol on the Canto chain, improving capital efficiency through the integration of RWA, contract guaranteed revenue (CSR) and liquid pledged derivatives (LSD).

ZK development company Zorp completes US$5 million in seed round financing, led by Delphi Ventures

According to official news, Zorp, a ZK-L1 network Nockchain development company, announced the completion of a US$5 million seed round of financing, led by Delphi Ventures, with participation from North Island Ventures, CMCC Global, Portal Ventures, Champion Hill Ventures, Breed VC, Octu Ventures and Labyrinth DAO. .

Digital asset custodian BDACS completes seed round financing, with participation from Avalanche’s Blizzard Fund

South Korean digital asset custody institution BDACS has completed a seed round of financing, with participation from Avalanche’s Blizzard Fund. The specific financing amount has not yet been disclosed.

It is reported that BDACS will provide Avalanche with AVAX and BTC.b as institutional custody assets, and provide staking support for Avalanche P-Chain.

Blockchain securities investment platform Dinari completed a $10 million seed round of financing in Q4 2023

Blockchain securities investment platform Dinari announced on the

It is reported that Dinari has launched 1:1 supported U.S. stocks, ETFs and other RWA products on Arbitrum One, with more than 10 added today; in addition, it is expanding its dShare products and providing new crypto-themed assets on Arbitrum.

Zorp is building Nockchain as a high-throughput chain that provides proof of computation, storage, and a new namespace. With Nock, Zorp built the first combiner-based virtual machine that can be used efficiently with zero-knowledge proofs. Nockchain is a proof-of-useful work-based blockchain that sits on top of its ZKVM.

Web3 eSports fan engagement platform Stan raises US$2.7 million, with participation from Aptos Labs and others

Web3 esports fan engagement platform Stan has raised US$2.7 million in financing, with participation from Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, CoinDCX Ventures, Climber Capital, TDV Partners and Coinswitch Ventures.

Stan helps users purchase collectibles and interact with popular esports figures, whether players or KOLs, through chat and audio rooms, as well as exclusive communities on its platform. Some of these collectibles are Web3 projects such as NFTs. (The Economic Times)

character voice

CryptoQuant founder: BTC price drop is due to sell-off in derivatives market, not GBTC

Ki Young Ju, founder of CryptoQuant, posted on the There is no impact on price. When on-chain OTC and spot ETF activity decreases, re-accumulation is complete and the bull market begins.