| Ripple is expected to end the SEC lawsuit by November 18 this year; Binance announced the launch of payment technology company Bifinity (March 8)

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Binance Announces the Launch of Bifinity, a Payment Technology Company, as Its Official Fiat-Cryptocurrency Payment Provider

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cryptocurrency

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Report: Last week, the total inflow of digital asset investment products reached 127 million US dollars

According to the weekly report released by the digital asset management company Coinshares, last week (as of March 4), the total inflow of digital asset investment products was 127 million U.S. dollars, an increase from the previous week, which shows that despite recent geopolitical events, investors Digital assets are still supported. Last week, the total inflow of funds from Bitcoin investment products was US$95 million, the largest weekly inflow since early December 2021, and it has been inflowing for 7 consecutive weeks. Total inflows into Ethereum investment products reached $25 million, the highest level in 13 weeks.

Cosmos EVM network Evmos announced that the network upgrade failed and the network will be suspended for 24-48 hours

According to the official announcement, the Cosmos EVM network Evmos announced that the network upgrade failed, and the network will be suspended for 24-48 hours. At the same time, the team will meet again and decide on the follow-up work. No transactions will be processed during this time. Regarding the network upgrade failure, the official Evmos developer responded in the community: until the problem is resolved, the network will remain closed, but there is a high probability that the network will not be rolled back, and nodes will not be punished or lose Tokens.

Ripple expects to end SEC lawsuit by November 18 this year

Data: Ethereum Billionaire Addresses Holdings Rise Despite Price Drop

Santiment, an on-chain indicator platform, tweeted that the supply of Ethereum billionaire addresses (holding 1 million to 10 million ETH) has been high for the past six months. These addresses account for 21.6% of all ETH in circulation. Adding roughly 2.2% to supply in six months, it shows that ethereum billionaires are buying more ETH even as prices fall.

Santiment, an on-chain indicator platform, tweeted that the supply of Ethereum billionaire addresses (holding 1 million to 10 million ETH) has been high for the past six months. These addresses account for 21.6% of all ETH in circulation. Adding roughly 2.2% to supply in six months, it shows that ethereum billionaires are buying more ETH even as prices fall.

The number of Ethereum 2.0 contract pledges exceeded 9.84 million ETH

According to the data of Okey Cloud Chain masters, the current Ethereum 2.0 deposit contract address has received 9,845,250 ETH, accounting for 8.35% of the current circulation of Ethereum. In the past week, 186,000 ETH has been added, and the annualized return rate of pledge is about 5.12%.

According to official news, Moonriver, an Ethereum-compatible smart contract platform on Kusama, has announced that Kintsugi’s native token, KINT, is now available on the Moonriver network. Kintsugi Token can be used as xcKINT on Moonriver, which is fully compatible with the Ethereum environment. XC-20 gradually introduces the Polkadot and Kusama ecology, which will open the door for more cross-chain integration, allowing native Kusama assets such as KINT to be used and exchanged on Moonriver-based DEX and DeFi protocols.

GameFi and NFTs

GameFi and NFTs

More than 800,000 NFTs minted on the Cardano NFT platform NFT-MAKER.IO PRO

Data shows that more than 800,000 NFTs have been minted using NFT-MAKER.IO PRO, the first public tool for “Mint-on-Demand” running on the Cardano blockchain. CardanoPeakz is one of the crypto projects utilizing the platform to mint NFTs, digital collectibles representing the world's mountain tops such as Everest, Nanga Parbat and Denali. The project will also release more NFTs. (Finbold)

NBA Top Shot February sales of $47.5 million, down 78% year-over-year

NBA Top Shot NFT sales fell sharply in February this year, down 19.35% from January. Three factors contributed to the decline in revenue from NBA Top Shot sales: increased supply, lower market prices for "moments," and a sharp drop in the number of independent buyers. (BeInCrypto)

Investment and Financing

The Azuki Fragmentation Project Bobu has completed casting and distribution, and is now online on OpenSea

The Azuki fragmentation project Bobu, the Bean Farmer completed the casting and issuance at a price of 0.01 ETH, and is now listed on OpenSea, with a turnover of 457 ETH.
Bobu,the Bean Farmer is an NFT fragmentation pilot project led by the Azuki community, with the aim of bringing more people into the Azuki community. The project divides Azuki#40 into 50,000 shards, and 20,000 shards are released this time, and each BODU Token represents a shard. In order to ensure sufficient decentralization, only one BODU Token can be minted per address during casting.

Investment and Financing

Metaverse fashion brand Space Runners completes $10 million in financing, led by Polychain and Pantera Capital

Metaverse fashion brand Space Runners completed a $10 million seed round of financing led by Polychain and Pantera Capital, with participation from Accel, Jump Crypto, Animoca Brands executive chairman and co-founder Yat Siu, and Twitch co-founder Justin Kan. Last December, Space Runners teamed up with NBA stars Kyle Kuzma and Nick Young to launch its first NFT collection of NBA Championship sneakers. The company initially minted NFTs on the Solana blockchain, but now plans to bring its vision of a "fashionable metaverse" to ethereum and other blockchains. (CoinDesk)

Espresso Systems Closes $32M Funding Led by Greylock Partners and Electric Capital

Espresso Systems, a Web 3 application extension and privacy system, completed $32 million in financing, led by Greylock Partners and Electric Capital, with participation from Sequoia Capital, Blockchain Capital, and Slow Ventures. Espresso Systems is developing Layer 1 infrastructure to provide fast and low-fee transactions by combining the PoS consensus protocol with the zkRollup mechanism to bundle multiple transactions in a more efficient manner. The company’s Configurable Asset Privacy (CAPE) smart contract application for Ethereum aims to provide creators with customizable privacy settings regarding sender and receiver addresses, the amount and type of assets held or transferred. CAPE will initially support the creation and wrapping of ERC-20 tokens, followed by NFTs. (CoinDesk)

Astar Network announced the addition of Coinbase Ventures as a strategic round of financing investors

According to official news, Polkadot's ecological DApp platform Astar Network announced the addition of Coinbase Ventures as an investor in the strategic round of financing. According to previous reports, in January this year, Astar Network announced the completion of a $22 million strategic round of financing, led by Polychain Capital.

Immutable completes $200 million in financing at a valuation of $2.5 billion, led by Temasek

Immutable completes $200 million in financing at a valuation of $2.5 billion, led by Temasek

Immutable, an Australian NFT start-up company, completed a US$200 million financing at a valuation of US$2.5 billion. Temasek (Temasek) led the investment, and Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings participated in the investment. Robbie Ferguson, co-founder and president of Immutable, said that this round of financing will be used for investment in mergers and acquisitions. It is reported that Immutable is the developer of NFT games Gods Unchained and Guild of Guardians, and also created Immutable X, an NFT layer-2 expansion solution. (Reuters)

VC firm Griffin Gaming Partners raises $750 million for its gaming fund

Venture capital firm Griffin Gaming Partners has announced the launch of its oversubscribed second fund, with at least $750 million in commitments. While the fund focuses on the broader gaming industry, Griffin Gaming Partners co-founders Phil Sanderson and Nick Tuosto say there have been 16 Web 3-related investments to date, accounting for more than half of the deployed capital. (CoinDesk)

Oasis, an interactive social platform for Metaverse, has recently completed its Series B round of financing worth tens of millions of dollars. The leading investors are Wuyuan Capital, Oasis Capital, BAI Capital, and Echo Capital as the exclusive financial advisor. After the completion of this round of financing, Oasis will continue to carry out product iterations, expand international talents around the world, improve product operations and user service capabilities in different markets, and the virtual economic system created for creators may have the opportunity to go online within this year. It is reported that Oasis was established in 2018 and has previously received investment from Wuyuan Capital, BAI Capital, Zhichun Capital, Xianfeng K2VC and Qinghan Fund. (36 krypton)

Cross-chain communication protocol Socket completes USD 5 million seed round financing led by Framework Ventures

Socket, a cross-chain communication protocol, completed a $5 million seed round of financing led by Framework Ventures, with participation from Coinbase Ventures, Lightspeed, eGirl Capital, Nascent, Geometry, and Mark Cuban. Financing will support Socket to connect all chains and realize seamless asset transfer and data transmission between them.

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US Senate Finance Committee Chairman: Don't Crack Down on Cryptocurrencies
U.S. Senate Finance Committee Chairman Ron Wyden has urged Democratic members to protect cryptocurrency innovators despite concerns about fraud and money laundering within the industry.
"Obviously there's a debate (about tighter regulation), but I want to side with the innovators," Wyden said, adding that Wyden likened the industry to the early days of the internet.

SEC Chairman Gary Gensler said last year that the cryptocurrency market is "rife with fraud, scams and abuse." Last week, four senior Democratic senators wrote to Treasury Secretary Janet Yellen expressing their concerns that cryptocurrencies are being used to evade international sanctions. (Financial Times)

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Fantom CEO: Andre Cronje will hand over all the running projects to the existing team, and there will be no change in the development progress of Fantom

Fantom CEO: Andre Cronje will hand over all the running projects to the existing team, and there will be no change in the development progress of Fantom