| Celsius suspends all withdrawal transactions and transfers; the Federal Reserve expects to raise interest rates by 175 basis points in September (June 14)
headlines
Encrypted lending platform Celsius Network tweeted to suspend all withdrawals, transactions and transfers. Officials said the move was for the benefit of the community as a whole. Additionally, users will continue to earn rewards during the suspension.
Encrypted lending platform Celsius Network tweeted to suspend all withdrawals, transactions and transfers. Officials said the move was for the benefit of the community as a whole. Additionally, users will continue to earn rewards during the suspension.
Industry news
Markets expect at least one 75 basis point rate hike from the Fed by September
According to market news, the Fed is expected to raise interest rates by 175 basis points in total by September, of which at least one rate hike will be 75 basis points. (Golden Ten)
Vitalik Buterin, the founder of Ethereum, published a blog "In which non-financial applications can blockchain be used?" "And in the article listed 8 non-financial application scenarios that can use blockchain: user account key change and recovery, modification and revocation proof, negative reputation, scarcity proof, public knowledge, and other blockchain applications interoperability, open source metrics, data storage. The two non-financial applications Vitalik said he is most confident in so far are interoperability with other blockchain applications and account management.
Project News
Project News
Nexo: Ready to Make Acquisition Proposal to Celsius
Nexo, an encrypted lending platform, tweeted that Nexo has a solid liquidity and equity position and can acquire any remaining qualified assets of Celsius at any time, mainly its mortgage loan portfolio. Nexo is preparing to make an acquisition proposal to Celsius and will publicly release relevant information.
Rari Capital co-founder Jai Bhavnani announces exit from project
Jai Bhavnani, the co-founder of Rari Capital, a DeFi smart investment advisor, announced his withdrawal from the project and the Tribe community. In his farewell letter, Jai Bhavnani mentioned that there are currently problems such as Token dumping in the DeFi field, lack of actual users and application scenarios, and serious overestimation of on-chain governance. One process, and today's ecological development has exceeded my imagination."
MakerDAO Vault Sells About 28,000 ETH Again to Pay Off Debt
According to official sources, Tether stated that the recent events affecting Celsius and its native token CEL are the unfortunate result of market volatility and extreme market conditions.
While Tether's portfolio does include an investment in Celsius, it represents only a small portion of shareholders' equity and there is no correlation between this investment and Tether's own reserves or stability.
Additionally, Celsius’s Tether lending activity (like any other borrower) has always been overcollateralized and therefore has no impact on Tether’s reserves.
Metaverse GameFi and NFT
Boxing legend Pacquiao is about to launch the NFT project "Pacman"
Additionally, Celsius’s Tether lending activity (like any other borrower) has always been overcollateralized and therefore has no impact on Tether’s reserves.
Metaverse GameFi and NFT
Boxing legend Pacquiao is about to launch the NFT project "Pacman"
The Scottish Premier League will launch NFT on the Topps platform
OpenSea rolls out new feature that automatically hides suspicious NFT transfers to reduce scams
Investment and Financing
The new feature automatically transfers suspicious NFT transactions to a hidden folder, which will greatly reduce the spread of scam vectors. It should be noted that this is similar to the spam blocking function of the mailbox, and sometimes some legitimate transactions may be hidden, please pay attention to it. OpenSea regularly notifies users of suspicious transactions received that are hidden.
Metaverse game developer Atmos Labs completes $11 million in seed round financing led by Sfermion and participated by Animoca Brands and others
3D and AR/VR content generation Metaverse platform artlabs announced the completion of a $700,000 seed round of financing, led by Techmine, followed by EGİAD Angels and Kültepe Investment.
At the same time, artlabs is also an active participant in the metaverse field. The company supports 3D NFT and AR display of virtual fashion projects, and supports the generation of "interoperable" digital assets optimized for different virtual worlds. (EIN News)
DAO platform Molecule completes $13 million in seed round financing led by Northpond Ventures
Molecule, a DAO platform that raises funds for medical research projects, completed a $13 million seed round led by Northpond Ventures, with participation from Backed VC, Shine Capital, Speedinvest, and former Coinbase CTO Balaji Srinivasan.
The Molecule platform is a marketplace for researchers to list NFT items representing intellectual property. Current projects on the platform include Newcastle University's research on molecular aging, and the University of Copenhagen's project on longevity. These projects are funded through the DAO in the form of stablecoins such as USDC. (The Block)
Metaverse game developer Atmos Labs announced the completion of $11 million seed round financing, led by Sfermion, Animoca Brands, Collab+Currency, FBG Capital, LD Capital, Alumni Ventures, RedBeard Ventures, DWeb3, GSR Markets Limited, CoinGecko Ventures, Avocado Guild , UniX Gaming and others participated in the vote. The new financing will be used to build the foundation of the virtual gaming world Atmos, grow its community, and expand the Atmos team.
According to reports, Atmos Labs aims to provide users with AAA-quality competitive games and rich narratives, and develop a number of native game sports in the metaverse, where players can have their own equipment and teams. (Business Wire)
global policy
According to reports, Atmos Labs aims to provide users with AAA-quality competitive games and rich narratives, and develop a number of native game sports in the metaverse, where players can have their own equipment and teams. (Business Wire)
secondary title
Securities and Exchange Commission of India: It is difficult to regulate cryptocurrencies, and it is recommended to add an independent encryption regulatory agency
In a recent response to the Indian Parliament’s Standing Committee on Finance, the Securities and Exchange Board of India (SEBI) said it is “difficult to regulate cryptocurrencies” because the computer nodes that house them are highly decentralized and deployed globally.
South Korean lawmakers plan to amend law to include unlicensed virtual asset fundraising as illegal credit practices
A member of the Democratic Party of Korea plans to partially amend the "Law Concerning Restriction of Illegal Credit Behaviors", which is to include unlicensed virtual asset financing as one of the illegal credit acts. The main content of the amendment is to agree to pay all or more virtual assets than the preset virtual assets, and to stipulate that the behavior of receiving money or virtual assets is one of similar credit behaviors.
In the Luna incident, if investors sue Terra and Do Kwon of Terraform Labs, the Luna development company, for fraud or illegal credit conduct, it is difficult for South Korea’s current law to characterize the incident as “illegal credit conduct” and punish it. Relevant laws stipulate that the act of raising funds from an unspecified majority without obtaining a license, registration, or declaration is an illegal credit act, but the problem is that it is not clear whether virtual assets can be regarded as "funds". (South Korean economy)
