| Akutars project worth $34 million in ETH is permanently locked; Yuga Labs metaverse project Otherside will be launched on May 1 (April 23)

headlines

secondary title

headlines
The Akutars project party's value of 34 million US dollars in ETH is permanently locked, which is a logical problem of contract implementation

SkyEye on the Okey Cloud Chain: 11,539.5 ETH (approximately US$34 million) of the NFT project party Akutars is permanently locked in the auction contract.

Yuga Labs metaverse project Otherside announced that it will be launched at 00:00 on May 1, Beijing time. At the same time, Otherside has opened a Discord channel.
According to previous news, Yuga Labs has released a promotional video for its new project Otherside on social media. The NFT series featured in the video include Bored Ape Yacht Club, Mutant Ape Yacht Club, CryptoPunks, Meebits, CoolCats, World of Women and Nouns.

According to previous news, Yuga Labs has released a promotional video for its new project Otherside on social media. The NFT series featured in the video include Bored Ape Yacht Club, Mutant Ape Yacht Club, CryptoPunks, Meebits, CoolCats, World of Women and Nouns.

secondary title

Industry Information
Grayscale sent a letter to the US SEC, seeking its approval to convert GBTC into a Bitcoin ETF
Grayscale said in the letter: "We believe that Teucrium's order confirms a fundamental point... There is no basis for treating bitcoin spot products differently from bitcoin futures products when approving (exchange-traded products)."

Craig Salm, Grayscale’s chief legal officer, added that after Teucrium’s approval, the SEC “effectively lost the ability to use the distinction between futures ETFs and spot ETFs as a reason to reject funds tied to physical bitcoin.” The SEC declined to comment. (FT)

secondary title

proposal vote
Encrypted KOL Cobie Questions ApeCoin Pledge Governance Proposal, Says Related Funds Have Better Uses
News encryption KOL Cobie believes that the ApeCoin pledge governance proposal may not be the best way for the token to develop.
Cobie went on to question ApeCoin’s new staking proposal, which aims to reward holders who stake their tokens over the next three years, with tokens worth 17.5% of ApeCoin’s total supply. According to the proposal, the move will incentivize “early NFT adopters as well as existing and potential ecosystem participants to participate in activities that benefit the APE ecosystem.”
Cobie questioned the rationale behind this decision, given that the ApeCoinDao Treasury currently holds tokens worth around $7 billion, and said the proposal hopes to give away $2.6 billion in tokens for free to asset holders over the next three years (approx. 37% of the remaining DAO tokens).
He suggested that DAOs could use these funds to meet the needs of existing users, to acquire and incubate utilities, establish revenue streams, and create sustainable DAOs.

Ouyi OKX market shows that ApeCoin (APE) once rose to 17.1859 USDT today, and is now reported at 16.6210 USDT, an increase of 16.78% in 24H. (Cryptoslate)

secondary title

According to documents submitted to the U.S. Securities and Exchange Commission (SEC), SkyBridge Capital (SkyBridge Capital) launched the Bitcoin mining fund SkyBridge BTC Mining. The first sale date is April 19, 2022, and $7,037,749 has been raised so far. It is reported that SkyBridge Capital is an investment institution founded by financier and former Trump White House communications director Anthony Scaramucci. (CoinDesk)

Metaverse GameFi and NFT

secondary title

Metaverse GameFi and NFT
NFT project Akutars: 0.5 ETH refund will be issued to Pass holders, and airdrop will be launched at the same time
The NFT project Akutars tweeted about the progress of the "11,539 ETH (worth $34 million) permanently locked" event:
Investment and Financing

Investment and Financing

Blockchain game development company Goons of Balatroon completes $2.46 million in seed round financing

Blockchain game development company Goons of Balatroon announced the completion of a $2.46 million seed round of financing, with participation from Merit Circle, Jun Capital, Vulcan Forged, Faculty Group, Maven Capital, and Bullperks.
According to reports, borrowers create a list for their NFT on the Flowty marketplace, including the desired loan amount, interest rate, and term. Lenders choose assets that are attractive to them, and then carry out capital allocation, earning income during the loan period, and obtaining corresponding assets when the borrower defaults. Flowty takes a fee from each loan and holds the asset until the end of the loan term. Flowty loans can be denominated in the Flow blockchain stablecoins FUSD and tUSDT, and the platform has also recently added support for FLOW and USDC. (CoinDesk)

Blockchain and NFT-based entertainment technology startup Live Bash completes $21 million in financing

Entertainment technology startup Live Bash has announced that it is creating an entertainment ecosystem to help artists return to the spotlight. The company said it has raised $21 million in seed funding, without disclosing specific investors.
The Live Bash Entertainment Ecosystem allows artists to rent Live Bash's enclosed physical sound stage and leverage blockchain technology to perform live and mint (mint) performances with the push of a button. Content created on the Live Bash stage is displayed on the company's software, and its blockchain and smart contracts transform live performances into digital collectibles and NFTs. Performers can then rebroadcast their content to their own distribution channels, including all social media channels. (ZDNet)

NFT lending marketplace Flowty raises $4.5 million led by Greenfield One and Lattice Capital

Flowty, a peer-to-peer NFT lending market based on the Flow blockchain, announced the completion of the first round of financing of US$4.5 million, jointly led by Greenfield One and Lattice Capital, and participated by Dapper Labs, Stermion, Tiny VC, Luno Expeditions and Red Beard Ventures. The new financing will be used for further platform development, as well as building out the engineering and development team.
According to reports, borrowers create a list for their NFT on the Flowty marketplace, including the desired loan amount, interest rate, and term. Lenders choose assets that are attractive to them, and then carry out capital allocation, earning income during the loan period, and obtaining corresponding assets when the borrower defaults. Flowty takes a fee from each loan and holds the asset until the end of the loan term. Flowty loans can be denominated in the Flow blockchain stablecoins FUSD and tUSDT, and the platform has also recently added support for FLOW and USDC. (CoinDesk)

global policy

secondary title

global policy
New York State Submits New Bill to Crack Down on Crypto Fraud Like 'Rug Pull'

New bills submitted this week by the U.S. state of New York aim to crack down on “Rug Pull” and other forms of cryptocurrency-specific fraud.

According to public records, Senate Bill S8839 identifies virtual token fraud, illegal Rug Pull, private key fraud, and fraudulent non-disclosure of interest in virtual tokens. Another bill, "Assembly Bill A8820," has been introduced to the lower house of the New York State Assembly. The bills were introduced by state Senator Kevin Thomas and Assemblyman Clyde Vanel, respectively. (The Block)
New York State Legislature to Vote on PoW Cryptocurrency Mining Ban on April 25

The New York State Legislature will vote next week on a proposal to ban PoW cryptocurrency mining. The bill was approved by the House of Representatives in March this year.

The bill seeks to suspend the mining of cryptocurrencies using PoW algorithms, such as Bitcoin and Ethereum, and the main issue raised is the economic impact of energy-intensive crypto mining. Voting on the bill will begin at the April 25 parliamentary session. (Coin Gape)
Economic Affairs Committee of Panamanian Legislative Assembly Approves Bill Regulating Cryptocurrencies
The Economic Affairs Committee of Panama’s Legislative Assembly approved a bill on Thursday to regulate the use of cryptocurrencies, NFTs and more.
Gabriel Silva, a member of the Panamanian Congress, said that the bill aims to provide legal stability for crypto assets in Panama and develop the country’s crypto industry to attract more investment and create more jobs. The bill also wants the Panamanian government to adopt blockchain technology to increase the transparency and efficiency of the process.

Following approval by the Economic Affairs Committee, the bill must now be discussed by the full House during a second debate, where further amendments can be made; and then reviewed in a third and final session. Under the legislative process, Panamanian President Laurentino Cortizo has the option to veto or sign the law.

Members of the European Parliament will discuss on April 25 how to tighten tax laws and procedures in the Web 3 era. Tax authorities could start exchanging data on individuals’ crypto holdings, according to a draft report prepared by Portuguese MEP Lídia Pereira. (CoinDesk)

character * voice

secondary title

character * voice
SWIFT innovation chief: CBDCs 'likely to be a major force' in the near future

In a recent LinkedIn post, Nick Kerigan, managing director and head of innovation at SWIFT, discussed the growing interest in CBDCs around the world.

Kerigan mentioned that he gave a keynote speech at the Finovate Europe conference in March, arguing that CBDCs could become a significant force in the near future: “Interest in CBDCs has been growing steadily over the past few years,87 Central banks in several different countries are already exploring their own CBDCs. Together, these countries account for more than 90% of global GDP, suggesting that regulated digital currencies could become a major force in the near future.” (Finbold)