| Coinbase and Robinhood shareholders face the risk of stock price dilution; Bithumb negotiates with FTX on acquisitions (July 27)
headlines
headlines
JPMorgan: Coinbase and Robinhood Shareholders at Risk of Share Dilution
JPMorgan Chase expects Coinbase and Robinhood to reduce the employee equity issued through RSU. would dilute each company's value to existing shareholders by 30%. (CoinDesk)
V God: Merge, Surge, Verge, Purge and Splurge will happen in parallel
Vident, the largest shareholder of Bithumb, confirmed that it is in contact with FTX to negotiate the acquisition of Bithumb, "discussing all possibilities such as sale, exercising the right of first refusal to acquire or joint operation, or will re-disclose relevant information when specific matters are decided within one month It is reported that Vident has a 10.23% stake in Bithumb Korea and a 34.22% stake in Bithumb Holdings, the holding company of Bithumb Korea. (Korea Economic Daily)
security incident
According to the micro-step dynamics monitored by the Chengdu Lianan Lianzhi-Blockchain Security Public Opinion Platform, there is an RCE (Remote Code Execution) vulnerability in the Windows version of the Coremail mail client recently, and the exploitation process of this vulnerability is simple and stable. An attacker can completely control the victim's host by executing arbitrary code, thereby compromising the wallet security on the user's host. After analysis and verification, the attacker can send a carefully constructed email to the victim. If the victim opens the email with the Coremail client, the malicious executable program in the email attachment can be automatically run. The whole process does not require the victim to click on any link or attachment in the email, and the victim will be recruited immediately after opening the email.
Industry news
Cryptocurrency exchange Coinbase is facing a U.S. investigation into whether it improperly allowed Americans to trade digital assets that were supposed to be registered as securities, according to three people familiar with the matter. Since Coinbase expanded the number of tokens it offers to trade, SEC scrutiny of the platform has increased, people familiar with the matter said. (Golden Ten)
Coinbase Faces SEC Investigation Over Cryptocurrency Listing Issues
Cryptocurrency exchange Coinbase is facing a U.S. investigation into whether it improperly allowed Americans to trade digital assets that were supposed to be registered as securities, according to three people familiar with the matter. Since Coinbase expanded the number of tokens it offers to trade, SEC scrutiny of the platform has increased, people familiar with the matter said. (Golden Ten)
community proposal
community proposal
The Lido Finance community also has a proposal related to financial management that has not yet been voted on, proposing to sell 10,000 Ethereum in the project treasury as a stablecoin. Lido vaults currently hold $290 million worth of funds, including 158 million LDO tokens ($251 million), 20,940 ETH ($32 million), 5 million pledged ETH ($7 million), and a handful of other tokens .
Project News
Project News
Open Forest Protocol is officially launched, and will launch carbon-neutral greening projects on NEAR
It is reported that the Open Forest Protocol is an open platform designed to enable greening projects to be transparently verified and funded.
The DeFi protocol Backd changed its name to Mero and plans to deploy the governance token MERO
The DeFi protocol Backd announced that it has changed its name to Mero, and said that it was named Backd because the protocol was designed to improve the capital efficiency of the lending protocol, and now the protocol has become an protocol that improves liquidity efficiency and earns higher returns for users in a variety of ways .
According to previous reports, the DeFi protocol Backd announced the completion of $3.56 million in financing, led by Advanced Blockchain AG, with participation from Spartan Group, Maven 11, Struck Crypto, Apollo Capital and Divergence Ventures.
THORChain plans to integrate Avalanche, Dash, Haven, Monero and other public chains
Decentralized insurance project Nexus Mutual announced to provide insurance services for Ethereum pledges. Nexus Mutual will provide protection for the potential penalty risk and reward reduction risk of ETH pledge verification nodes. Liquid staking protocol StakeWise has insured its staking product.
Decentralized Insurance Project Nexus Mutual Insures Ethereum Stakes
Decentralized insurance project Nexus Mutual announced to provide insurance services for Ethereum pledges. Nexus Mutual will provide protection for the potential penalty risk and reward reduction risk of ETH pledge verification nodes. Liquid staking protocol StakeWise has insured its staking product.
Polygon Q2 data: the number of unique addresses increased by 12%, and the network revenue was 5.56 million US dollars
Polygon announced the network data for the second quarter: the number of independent addresses of Polygon in the second quarter increased by 12% to 5.34 million, the number of transactions increased by 4% to 284 million, and the network revenue was US$5.56 million. Additionally, the average transfer cost dropped 49% to $0.018.
- DeFi: Bungee's transaction volume increased by 972%, Meshswap added 91,000 users and processed 1.6 million transactions, while QuickSwap still dominated with 382,000 users and processed a total of 4.52 million transactions;
- In terms of developer activities: the network adds an average of 1,000 new developers every day, and the total number reaches 90,514, which is more than three times the growth rate of the previous quarter. Additionally, 2,700 new contracts came online during the quarter.
Metaverse GameFi and NFT
Metaverse GameFi and NFT
HTC, the maker of smartphones and VR headsets, is teaming up with pixiv, a Japanese illustration exchange platform, to launch Japanese anime-style 3D avatars on its Metaverse platform VIVERSE. (Forkast)
It is reported that League of Kingdoms is a large-scale multiplayer strategy game centered on building kingdoms and ruling the world. It has previously completed a $3 million seed round of financing, with participation from a16z, Sequoia, and Hashed. Cooperating with more than 20 games and 300 guilds, BreederDAO is an expert in nurturing NFT characters and game projects.
Investment and Financing
Investment and Financing
Investment platform Bunch completed a seed round of 7.3 million euros, led by Cherry Ventures
Bunch is looking to expand in the European market and has started hiring in Germany and the Netherlands. The company hopes to grow from the current 12 people to about 30 people by the end of this year, mainly including technology, sales and operations, and legal and tax departments. (Sifted)
Game Studio Mighty Bear Games Closes $10M Funding Led by Framework Ventures
Cross-chain protocol Kima completes $1 million in financing, with Blockchange Ventures participating
According to official news, Kima, a cross-chain protocol, announced the completion of $1 million in financing, with Blockchange Ventures participating.
It is reported that Kima has developed an open cross-chain protocol that allows users to quickly and securely transfer assets across multiple blockchains. Kima also connects DeFi and TradFi by connecting the deposit and withdrawal channels of decentralized finance and traditional finance to realize low-cost cryptocurrency-fiat currency exchange.
Game Studio Mighty Bear Games Closes $10M Funding Led by Framework Ventures
Mighty Bear Games, a Singapore-based multi-platform game studio, has completed US$10 million in financing, led by Framework Ventures, Mirana, Sfermion, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Razer, Avocado DAO, DWeb3, etc. participated in the investment.
It is reported that Mighty Bear Games previously announced that it will release its first Web3 game, Mighty Action Heroes, later this year. The game is described as a "multiplayer third-person battle royale with an emphasis on fun, skill, and chaos." (NFTgators)
It is reported that Mighty Bear Games previously announced that it will release its first Web3 game, Mighty Action Heroes, later this year. The game is described as a "multiplayer third-person battle royale with an emphasis on fun, skill, and chaos." (NFTgators)
New York-based venture capital firm Interplay is launching its own dedicated blockchain fund that will invest in early-stage startups, tokens, special cases and other strategies in Web3. The company plans to raise $10 million for the new fund and is currently in talks with investors, founder and managing partner Mark Peter Davis said.
The fund is said to have made a substantial investment in VideoVerse, one of India’s largest Gen Z content platforms. Audacity's vision is to invest in top seed and Series A companies in the US and Asia. (acrofan)
NFT leasing infrastructure reNFT announced the completion of $5 million in strategic financing, led by Mechanism and gumi Cryptos Capital (gCC), Animoca Brands, Gemini, The Sandbox, OpenSea, Sfermion, Morningstar Ventures, EveryRealm, OP Crypto, Longhash Ventures, Fourth Revolution Capital , Metastreet and others participated in the investment. The new financing will be used to accelerate recruitment, integrate more blockchains, expand the product suite, and explore the blockchain game market.
Blockchain ecosystem Topl announced the completion of a $15 million Series A round led by Mercury, Republic Asia and Cryptology Asset Group. The new financing will be used to expand the team in the coming year, further decentralize for community governance, and release 2 new applications based on the blockchain, namely the traceability-as-a-service application launched next month, and the next year Launched Carbon Credit Registry-as-a-Service application.
Blockchain ecosystem Topl announced the completion of a $15 million Series A round led by Mercury, Republic Asia and Cryptology Asset Group. The new financing will be used to expand the team in the coming year, further decentralize for community governance, and release 2 new applications based on the blockchain, namely the traceability-as-a-service application launched next month, and the next year Launched Carbon Credit Registry-as-a-Service application.
global policy
Philippine President Bongbong Marcos Jr., in his first State of the Union Address, elaborated on the government's plan for the next six years, mentioning the taxation of digital service providers (which may include encrypted exchanges). (Forkast)
character * voice
character * voice
