| Paxos is having constructive discussions with the US SEC on BUSD; MechMinds uses flash loans to facilitate the birth of the most expensive NFT in history (February 22)
headlines
headlines
Paxos Trust Company is in constructive discussions with the U.S. SEC after Paxos disclosed that the SEC informed the company that BUSD should be registered as a security, according to an internal email from the Paxos CEO. "We are in constructive discussions with the US SEC and we look forward to continuing the conversation privately," Paxos CEO Charles Cascarilla said in an email to Paxos employees on Saturday.
MechMinds: Using Flash Loans to Create the Most Expensive NFT in History
MechMinds: Using Flash Loans to Create the Most Expensive NFT in History
cryptocurrency
Microsoft partners with Ankr to provide blockchain node infrastructure services
Shiba Layer 2 Network Shibarium Beta Launches Next Week
Microsoft has teamed up with web3 infrastructure provider Ankr to provide node services for enterprises that need access to blockchain data. The two companies will collaborate on a new node hosting service on the Microsoft Azure cloud marketplace, offering tailored memory and bandwidth specifications for blockchain nodes. It is understood that the enterprise node deployment service will enable web3 projects or developers to deploy smart contracts, relay transactions, and read or write blockchain data. According to the market, Ankr once rose to 0.049 USDT, and is currently at 0.048 USDT, an increase of 40.8% in 24 hours. (The Block)
Shiba Layer 2 Network Shibarium Beta Launches Next Week
Bone ShibaSwap (BONE) confirmed on Twitter that Shiba Inu Layer 2 network Shibarium will be launched in Beta Mode next week. It is understood that Shibarium's design is similar to other Layer 2 expansion solutions, such as Polygon (MATIC), which aims to solve the scalability, speed and fee issues in Ethereum, and its ecological token BONE will be used to pay Gas fees. Shibarium will focus on Metaverse and gaming applications, and the launch of this project may help the Shiba Inu ecosystem grow. The Shibarium scaling solution will use BONE as its governance token, and all Gas fees in the ecosystem will be paid in BONE. (The Daily Hodl)
Circle: USDC circulation has grown at an average annual rate of 860% since launch in 2018
Circle, the issuer of the stablecoin USDC, issued a document stating that since its launch in 2018, the circulation of USDC has grown at an average annual rate of 860%, while the average growth rate of legal dollars during the same period was only 8%; Circle has cooperated with Stellar Foundation and MoneyGram to Bring USDC-based remittance payments to thousands of physical locations around the world.
According to ultrasound.money data, the total amount of Ethereum destroyed in the NFT market Blur has surpassed Chainlink and exceeded 5,000 ETH, so far it is 5,124.27 ETH, which is about 9 million US dollars.
Project News
OpenSea: operator filter for all NFT series with on-chain royalty enforcement
Project News
OpenSea: operator filter for all NFT series with on-chain royalty enforcement
OpenSea, the NFT trading market, made further clarifications on the previously released new policy today, "operator filter (operator filter) applies to new and existing NFT series that enforce royalties on the chain, and for non-chain NFT series that enforce royalties , creator revenue will be optional with a minimum standard of 0.5%". As previously reported, OpenSea announced on February 18 that the transaction fee will be reduced to 0 for a limited time, and the optional royalty service will be enabled.
eToro Receives BitLicense from NYDFS to Provide Crypto Services in New York State
Social investing and trading platform eToro announced Tuesday that the company has received a BitLicense from the NYDFS as well as a money transmission license. Once the eToro platform becomes operational, the two licenses will allow users in the state to access eToro's virtual portfolio, integrate social investing tools, and be able to trade stocks, cryptocurrencies, and options. (CoinDesk)
Open Network Announces Launch of Governance Platform Ton.vote
NASDAQ-listed crypto service provider Powerbridge Technologies Co., Ltd. announced the launch of the decentralized crypto ETF platform "Powerbridge ETF Platform". The platform provides a decentralized and transparent network based on Web 3 technology, uses big data analysis to select cryptocurrency index funds and generates index fund products based on trading strategies and most traders' preferences for various cryptocurrencies. Currently, Powerbridge's main businesses include metaverse and digital services, cryptocurrency mining platform services, and cryptocurrency asset operations. (Yahoo Finance)
Investment and Financing
Investment and Financing
The Interchain Foundation (ICF), a foundation that supports the development and ecological construction of the cross-chain project Cosmos, announced its 2023 expenditure budget. Projects with adoption and use cases. Key funding areas for 2023 include Consensus, Interoperability, App Frameworks and Clients, Cosmos Hub, Security and Testing Frameworks, DevRel, Propagation and Growth. The ICF is currently in the final stages of finalizing key contracts for 2023. In addition, the ICF said the Small Grants Program was suspended in 2022 (when there was a large backlog of applications to be assessed) and plans to reopen the grant program in due course.
Blockchain Security Firm Chaos Labs Closes $20M Seed Funding Round Led by PayPal Ventures and Galaxy Digital
According to reports, the nearly two-year-old company specializes in running worst-case simulations for DeFi trading platforms. Omer Goldberg, founder and CEO of Chaos Labs, said in an interview: "We built a Web3 cloud that can replicate all the blockchains that customers run. We can interact with their applications like they are in real life. interacting." (Fortune)
Kaito AI, an encrypted search engine driven by artificial intelligence, announced the completion of $5.3 million in financing, led by Dragonfly Capital, with participation from Sequoia Capital, Jane Street, AlphaLab Capital, and Mirana Ventures.
It is reported that the core of Kaito is an AI start-up company dedicated to solving the problem of information fragmentation in the encryption field. Its product has been in private beta with institutional investors since December and will be open for public beta today. (The Block)
Chain game company Azra Games completed an additional $10 million seed round led by a16z (through its $600 million gaming fund), with participation from NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton, bringing its total funding to $25 million. Azra plans to release the first title of Legions & Legends later this year.
According to news in May 2022, Azra Games announced the completion of a $15 million seed round of financing, led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton. Funds raised will be used to launch "Project Arcanas," its first combat RPG game. (Fortune)
Web3 observability platform Sentio closes $6.4M seed round led by Lightspeed Venture Partners
According to news in May 2022, Azra Games announced the completion of a $15 million seed round of financing, led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton. Funds raised will be used to launch "Project Arcanas," its first combat RPG game. (Fortune)
Web3 observability platform Sentio closes $6.4M seed round led by Lightspeed Venture Partners
ZK infrastructure startup Polyhedra Network completed a $10 million financing round led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao 5.
Polyhedra has developed several infrastructure products using zero-knowledge (ZK) proof technology, including the ZK Bridge (zkBridge) solution for sending assets between Web2 and Web3 systems, the ZK Decentralized Identity solution (zkDID), and scaling solution. Polyhedra plans to integrate with more blockchains and make it more accessible to developers through API and SDK tools. (The Block)
global policy
global policy
According to Indian media reports, the Group of Twenty (G20) Finance Ministers and Central Bank Governors Meeting (FMCBG) will be held in Bangalore from February 22 to 25. The meeting will discuss encrypted assets and the steps needed to regulate encrypted assets.
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Opinion: The trading volume and active addresses on the BTC chain lack the characteristics of a bull market
Market analysis pointed out that although the price of BTC has risen by nearly 50% so far this year, the transaction volume on the chain and the increase in active addresses lack the characteristics of a bull market.
CryptoQuant contributor Yonsei explained that active addresses are an indicator, including all addresses sending and receiving BTC, to understand how active the market demand is. "The 'price' of an asset is determined by the laws of supply and demand in the market, and the crypto market is no exception. For an asset to rise in price, it must support market interest and demand."
