| BLUR tokens are online, or financing will be conducted; US CPI exceeds expectations (February 15)

Loopy Lu

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2023-02-15 08:00 (UTC+8)

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CZ said that multiple projects are waiting for IEO in an orderly manner; Tether's market share is close to 50%.

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CZ said that multiple projects are waiting for IEO in an orderly manner; Tether's market share is close to 50%.

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The BLUR token was launched, and fell back to around 2 USDT

According to Odaily's Ouyi OKX market, the BLUR token rose to 8.36 USDT when it was launched, and now it has fallen back to around 2 USDT, and is now reported at 1.78 USDT.

Market news: NFT marketplace Blur will raise funds at a $1 billion valuation
Odaily News Twitter user @tier 10 k revealed that, according to The Block Pro, the NFT market Blur will raise funds at a valuation of US$1 billion.
In addition, mainstream exchanges such as Coinbase, Huobi, and OKX have indicated that they will list BLUR (Blur).

Regulatory Trends

Dubai develops comprehensive virtual asset framework to support economic sustainability and cross-border financial security

Odaily News The Dubai Virtual Assets Regulatory Authority (VARA) has released the 2023 Regulations on Virtual Assets and Related Activities, establishing a comprehensive virtual asset framework to support economic sustainability and cross-border financial security.

Informed sources: US SEC plans to change "qualified custodian" rules, or make it harder for hedge funds and others to cooperate with encryption companies
Odaily News According to Bloomberg, citing people familiar with the matter, the new US Securities and Exchange Commission (SEC) proposal intends to change the "qualified custodian" rules, or make it more difficult for hedge funds, private equity funds and pension funds to cooperate with many encryption companies. Hedge funds, private equity funds and pension funds would be required to hold their clients' assets through qualified custodians, the new proposal states.

If the proposed proposal ultimately passes, it could mean that institutional funds already dabbling in cryptocurrencies may have to move clients' holdings elsewhere. They may also face unexpected audits or other consequences related to their custody relationship.

Odaily News The UK Financial Conduct Authority (FCA) stated that it will take action against unregistered encrypted ATM operators. Currently, no encrypted ATM operators have obtained FCA registration. (Golden Ten)

Industry news

The annual rate of CPI in the United States in January was 6.4%, expected to be 6.20%, and the previous value was 6.50%
Odaily News The U.S. CPI annual rate in January was 6.4%, expected to be 6.20%, and the previous value was 6.50%. The annual rate of core CPI in the United States was 5.6% in January, which was not adjusted seasonally, and was expected to be 5.50%, and the previous value was 5.70%. The seasonally adjusted CPI monthly rate in the United States in January was 0.5%, expected to be 0.50%, and the previous value was -0.10%. After the release of the CPI data, the short-term dives of the three major U.S. stock index futures all turned lower.

U.S. CPI rose at an annual rate of 6.4% in January, the seventh straight month of decline and the smallest increase since October 2021. (Golden Ten)

CME Group to Launch Bitcoin Futures Contract on March 13, Awaiting Regulatory Review

Odaily News CME Group (CME) announced that it will expand its event contracts suite to Bitcoin futures on March 13, and is currently awaiting regulatory review. "These contracts track the daily price action of our highly liquid benchmark bitcoin futures, providing investors with an innovative, low-cost way to trade their view on rising or falling bitcoin prices." (PR News Wire)

yearn launches ChatGPT-like product yGenius for its document content

Project News

yearn launches ChatGPT-like product yGenius for its document content

Odaily News Yearn announced the launch of the ChatGPT-like AI Q&A product yGenius for its document content, allowing users to find any information about Yearn without having to read through yearn's documents or chat with developers.

Polygon zkEVM mainnet beta will launch on March 27th

Odaily News The Polygon zkEVM mainnet Beta version will be released on March 27. Polygon did not specify what the beta network will contain, but said that the team will release more details in the next few weeks.

Nansen: In 2022, the number of transactions on the Avalanche blockchain will increase by more than 1500% year-on-year
Odaily News Compared with 2021, the number of transactions on the Avalanche blockchain in 2022 will increase by 1500%.

In its fourth-quarter report on Avalanche, data and analytics firm Nansen said the network showed strength, with significant growth in both NFT transaction volume and total transactions.

Curve Finance Surpasses $1 Billion in Single-Day Transaction Volume

According to Odaily, Curve Finance disclosed on social media that the transaction volume of its agreement in a single day exceeded 1 billion US dollars. Additionally, Curve (CRV), which provides stablecoin exchange services, is up 11% in the past 24 hours.

BlockFi: Creditors Can Now Submit Proofs of Claims, April 1 Deadline

Odaily News According to the official Twitter, the encrypted lending company BlockFi announced, "Starting today, BlockFi customers will receive important information about the proof of claim process from BlockFi's claims agent Kroll by mail and/or email. Deadline for submitting proof of claim It is 17:00 Eastern Standard Time on March 31, 2023 (06:00 on April 1, Beijing time)".

Paxos Event Tracking

Bloomberg: Circle reported to NYDFS last year that "Binance reserves are not enough to support assets such as BUSD"

Odaily News According to Bloomberg News, citing people familiar with the matter, Circle, the issuer of the stable currency USDC, reported to the New York State Department of Financial Services (NYDFS) last year that "the conclusion drawn by the Circle team after analyzing the blockchain data shows that Circle believes that Binance has no Store enough cryptocurrencies to support its own assets (including Binance-peg and B-Token)".

NYDFS "Notice Regarding Paxos Issuance of BUSD": Binance-Peg BUSD has not yet been authorized

“The department has ordered Paxos to stop minting Paxos-issued BUSD because of several unresolved issues with Paxos’ oversight of its relationship with Binance in relation to its issued BUSD,” the circular said. In response, February 13, 2023, Paxos notified clients of its intention to end its BUSD relationship with Binance.

CZ: I don’t believe Circle will report Binance and will continue to cooperate with it

Odaily News Binance CEO CZ said that he does not believe that Circle will report Binance. At present, there is no evidence for this matter. It is just an article by Bloomberg. Binance will continue to cooperate with Circle, including the stable currency USDC, and also Will cooperate with other stable currency issuers in the industry.

Amber Group Withdraws Nearly $25M Worth of Crypto Assets From Binance After 'Paxos Incident'

Odaily News According to Tom Wan, a research analyst at 21.co, the parent company of 21 Shares, disclosed on social media that after the "Paxos incident", data on the Ethersacan chain showed that Amber Group transferred USDC worth 20.75 million USD from Binance Exchange, and then transferred $14 million worth of USDC was deposited into Coinbase. In addition, Amber Group also withdrew FET worth $3.8 million, GRT worth $295,000, and USDT worth $99,000 from Binance.

Data: Tether's stablecoin market share is close to 50%, hitting a 14-month high
Tether’s stablecoin market share is approaching 50%, a 14-month high, with a current circulating supply of $68.4 billion, up about 3%.

Investment and Financing

Odaily News Monad Labs, a tech start-up founded by the former team of TradFi giant Jump Trading, has completed $19 million in financing, led by Dragonfly Capital, with participation from Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, Naval Ravikant, Cobie, and Hasu.

L1 blockchain project Monad Labs completes $19 million in financing, led by Dragonfly Capital

Blockchain Interoperability Protocol Orb Labs Closes $4.5M Funding Led by Bain Capital Crypto

Orb Labs plans to launch Earlybird, a cross-chain messaging protocol that will allow developers to choose the most effective security model for their applications based on factors such as use case, cost, and speed. Orb Labs is also developing another product, MagicLane. MagicLane is an efficient, secure, and composable full-chain token and information delivery platform built on Earlybird. It provides developers with a shared security model without the need to In the case of complicated security configuration, it is easy to use Earlybird.

Digital asset firm Taurus closes $65 million Series B round led by Credit Suisse

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