|It is rumored that the SEC intends to cancel the cryptocurrency pledge service for US retail investors; the Aave stablecoin GHO has been deployed to the Ethereum Goerli test network (February 10)
headlines
headlines
Coinbase CEO: It is rumored that the SEC intends to cancel the cryptocurrency pledge service for US retail investors
Armstrong also pointed out that regulation through enforcement does not work. It will encourage businesses to operate overseas, as is the case with FTX. I hope everyone can work together to create clear rules for the industry and come up with smart solutions that protect consumers while maintaining America's innovation and national security interests.
Aave Stablecoin GHO Deployed to Ethereum Goerli Testnet
Odaily News Aave officially announced that its stablecoin GHO has now been deployed to the Ethereum Goerli testnet. Starting today, GHO developers and potential adopters will have access to the stablecoin’s codebase and test how it works, but GHO’s mainnet launch still requires community discussion and approval.
Aave Stablecoin GHO Deployed to Ethereum Goerli Testnet
Odaily News Aave officially announced that its stablecoin GHO has now been deployed to the Ethereum Goerli testnet. Starting today, GHO developers and potential adopters will have access to the stablecoin’s codebase and test how it works, but GHO’s mainnet launch still requires community discussion and approval.
Odaily News LocalBitcoins, a peer-to-peer bitcoin trading service, issued a statement stating that despite efforts to overcome challenges in the ongoing crypto bear market, it regrets to conclude that LocalBitcoins can no longer provide its bitcoin trading services.
Industry news
Industry news
Odaily News According to a person familiar with the matter, Kraken, one of the world's largest cryptocurrency exchanges, has been involved in an investigation by the top U.S. financial regulator, the SEC, into whether the exchange violated regulations related to issuing certain products to U.S. customers. Securities Regulations.
DCG Spokesperson: About $800 million in total revenue in 2022
The U.S. SEC's investigation into whether Kraken issued unregistered securities is in an advanced stage and a settlement could be reached in the coming days, the people said. The person asked not to be identified because the case involved has not been made public. It is unclear which coins or products are being scrutinized. (Bloomberg)
Odaily News Digital Currency Group (DCG) spokesperson revealed that the company’s total revenue last year was about 800 million U.S. dollars. Although it was lower than the 1 billion U.S. dollars in 2021, it still set the second highest annual revenue since the establishment of DCG.
Project News
Project News
DeFi protocol Umami project tokens plunged by more than 50% due to CEO sell-off, the project will turn to DAO governance
Odaily News According to the official announcement of Umami, the risk hedging income agreement on Arbitrum, in Discord, its CEO Alex O'Donnell (@DefiAlpha) sold his UMAMI tokens. Due to the founder's actions, the team has resigned from Umami Labs LLC today. The protocol’s treasury assets are said to be safe and under the team’s control.
In addition, the team plans to move forward with a DAO structure and release the revenue product pool as planned. Umami tokens will function as previously promised. Umami DAO retains control of the code base including the revenue product pool and front-end.
Odaily News According to the official announcement of Umami, the risk hedging income agreement on Arbitrum, in Discord, its CEO Alex O'Donnell (@DefiAlpha) sold his UMAMI tokens. Due to the founder's actions, the team has resigned from Umami Labs LLC today. The protocol’s treasury assets are said to be safe and under the team’s control.
According to data from Coingecko, the UMAMI token fell as low as $7.06 today, and has now recovered to $10.46, a 24-hour drop of 52.79%.
Odaily News Gnosis Joint Venture Martin Köppelmann tweeted that ENS DAO has exchanged 10,000 ETH for 16,145,549.6 USC through CoW Swap.
MakerDAO Community Participants Propose Spark Protocol, a DAI-Focused Native Liquidity Marketplace
The first product will be Spark Lend, which will allow users to borrow DAI at a set DAI savings rate, which is currently 1%. According to the proposal, Spark Lend will support highly liquid decentralized assets as collateral, such as ETH, DAI, as well as wstETH and wBTC.
The first product will be Spark Lend, which will allow users to borrow DAI at a set DAI savings rate, which is currently 1%. According to the proposal, Spark Lend will support highly liquid decentralized assets as collateral, such as ETH, DAI, as well as wstETH and wBTC.
Future features will include fixed-term income products and EtherDAI, which includes Maker’s own synthetic liquid collateralized derivatives (LSD). According to the proposal, Spark aims to launch in April of this year, opening a DAI lending vault on Maker with a debt limit of $200 million.
data
data
Azuki's transaction volume exceeds $900 million
Odaily News CryptoSlam data shows that the total transaction volume of Azuki has exceeded 900 million U.S. dollars, reaching 901,504,466 U.S. dollars so far, of which the number of transactions is close to 40,000 (38,237), with 16,029 buyers and 14 sellers. , 312 pieces.
According to OpenSea data, the current Azuki floor price is about 15.0931 ETH.
Robinhood Q4 financial report: total revenue of 380 million US dollars, cryptocurrency business revenue decreased by 24% to 39 million US dollars
Odaily News US stock brokerage Robinhood reported that in the fourth quarter of 2022, cryptocurrency business revenue decreased by 24% quarter-on-quarter to US$39 million, a 24% decrease from US$51 million in the third quarter, and US$48 million in the same period last year.
Odaily News Web3 and metaverse space entertainment community TDGA Holding Ltd announced the completion of a US$20 million seed round of financing, with Singaporean media company New Media Holding participating. It is reported that NMH has committed to be the main investor in this round of financing, valuing TDGA at $100 million.
Metaverse GameFi and NFT
Dookey Dash ends, Mongraal tops the standings with 928,522 points
Odaily News The BAYC foundry game Dookey Dash came to an end, and professional player Mongraal topped the game scoreboard with 928,522 points.
It is reported that from January 18 to February 8, more than 25,000 Dookey Dash players ran 7.618 million times in the sewer of BAYC and spent nearly 145,000 APE in the game.
Investment and Financing
Odaily News Web3 and metaverse space entertainment community TDGA Holding Ltd announced the completion of a US$20 million seed round of financing, with Singaporean media company New Media Holding participating. It is reported that NMH has committed to be the main investor in this round of financing, valuing TDGA at $100 million.
TDGA Holdings Ltd is a supplier of Space Hero, a space entertainment community, using metaverse and Web3 related technologies to expand globally, and its partners include NASA, Japanese Space Agency JAXA, Canadian Space Agency CSA, and Nigerian and Brazilian space agencies, etc. (PRN)
Odaily News Web3 marketing platform Sesame Labs completed a $4.5 million seed round of financing, co-led by Wing Venture Capital and Patron, Samsung, DoubleJump, Forte, Moonfire, Twin Ventures, and Coinbase CTO and Earn founder Balaji Srinivasan, Fractal co-founder Robin Chan and Sorare Chief Marketing Officer Ryan Spoon participated in the round. The new financing will be used to build its team, and 80% of the budget will be used for product research and development.
It is reported that Sesame Labs’ marketing stack includes an event management platform, advertising network and customer relationship management tools. It also allows the company to develop targeted marketing campaigns, leverage competitor data, demonstrate cross-channel customer insights, and create in-game user engagement rewards through its platform. (TechCrunch)
Web3 Loyalty Platform Cub 3 Closes $6.5M Series A Funding Led by Bitkraft and Fabric Ventures
Coincover's products provide businesses, infrastructure providers and consumers with asset protection from hackers or human error. The company works with more than 300 businesses, including cryptocurrency custodian Fireblocks and cryptocurrency exchange Bitso.
Most of the funds will be used to launch what it calls a proof-of-behavior protocol. Currently in beta, the system uses artificial intelligence and machine learning to identify and evaluate behavior in the real world and on social media platforms, the company said. Actions and their subsequent rewards are then stored on-chain so brands can access analytics to measure their return on investment. (The Block)
Decentralized music protocol builder Vault closes $4M Series A led by Placeholder VC
On February 9, Vault, a decentralized digital music protocol builder, completed a US$4 million Series A financing led by encryption investment company Placeholder VC. AlleyCorp, Bullpen Capital and Everblue Management, which had previously invested in the company, participated in the investment. So far, the company's total financing amount has reached 13 million US dollars.
It is reported that Vault built a decentralized protocol Digital Music Collectible (Digital Music Collectible, DMC). By building an open and fully decentralized music network, DMC allows users to share, play and purchase music on third-party apps and websites.
Game Developer Mino Game Completes $15 Million Funding Round Led by Standard Crypto
Odaily news game developer Mino Game completed a financing of 15 million US dollars, Standard Crypto led the investment, Boost VC, Collab Currency, Earl Gray Capital and Konvoy Ventures participated in the investment. Funding is used to create a Web3-enabled Dimensionals collectible role-playing game.
Previous investors in Mino Game include Sybo Games and Andreessen Horowitz, and the company has raised $25 million to date. (Venture Beat)
Digital asset protection firm Coincover closes $30 million funding round led by Foundation Capital
Odaily News Digital asset protection and insurance provider Coincover completed $30 million in financing, led by Silicon Valley investment firm Foundation Capital. The financing will be used for hiring, product updates and seeking partnerships.
Coincover's products provide businesses, infrastructure providers and consumers with asset protection from hackers or human error. The company works with more than 300 businesses, including cryptocurrency custodian Fireblocks and cryptocurrency exchange Bitso.
Coincover raised $9.2 million in a Series A funding round in July 2021 led by Element Ventures, with participation from DRW Venture Capital and Susquehanna Private Equity Investments. (CoinDesk)
global policy
global policy
Russian Ambassador to Iran: Russia and Iran are exploring the possibility of using digital currencies in import and export business, or will establish a legal framework
Odaily News Russia’s ambassador to Tehran, the Iranian capital, Alexei Dedov, said in an interview that Russia and Iran are exploring the possibility of using digital currencies for import and export business, but a regulatory framework is needed.
