| Optimism mainnet Bedrock upgrade V2 proposal will be released; Ethereum expansion project Scroll completes $50 million in financing (March 7)
headlines
The Optimism mainnet Bedrock upgrade V2 proposal will be released during the 11th cycle review
Odaily News According to community member lavande, the new version (V2 version) of the Bedrock upgrade proposal for the Optimism main network, the second-layer solution of Ethereum, will be released during the review period of the 11th cycle, and the review stage of the 11th cycle is March 2 Through March 22, the voting period is March 23 to April 5.
It is reported that Bedrock is a new generation of decentralized Rollup infrastructure developed by OP Labs, which aims to provide modularity, simplicity and Ethereum equivalent for Layer 2 networks
Scroll plans to use the new funding to continue building out its product, launching the mainnet, and expanding the ecosystem. Additionally, Scroll plans to grow its current team size from about 60 people to nearly 100.
Scroll declined to comment on the valuation and structure of the round, but a source said the round values Scroll at $1.8 billion. Scroll had previously raised $33 million over two funding rounds at an undisclosed valuation at the time.
Scroll plans to use the new funding to continue building out its product, launching the mainnet, and expanding the ecosystem. Additionally, Scroll plans to grow its current team size from about 60 people to nearly 100.
Project News
Kraken Chief Legal Officer: Kraken Bank Coming Soon
Odaily News Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment. Kraken Chief Legal Officer Marco Santori revealed on The Scoop podcast: “Kraken Bank will be launched soon.”
Odaily News Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment. Kraken Chief Legal Officer Marco Santori revealed on The Scoop podcast: “Kraken Bank will be launched soon.”
Santori declined to discuss in detail the previous settlement with the SEC, but said staking represents a small portion of Kraken’s revenue. He added that Kraken neither admitted nor denied any of the allegations in the complaint, but that Kraken's banking relationships were secure.
Cardano Launches EVM Compatible Sidechain Toolkit
According to official news, the Solana lending agreement Solend V2 white paper aims to reduce risks and improve decentralization. Solend V2 will be released in the next few months.
According to the white paper, Solend V2 will include: protected collateral, TWAP oracle, borrowing ratio, outflow rate limit, mortgage limit, isolation layer assets, dynamic liquidation bonus, trilinear interest rate model, risk authority, on-chain metadata, Abandon asset processing, permissionless liquidity mining on the chain, account entrustment, Loss Socializing, etc.
Currently, Solend V2 is under design, and some functions may be added or modified as the design is finalized.
Rocket Pool: Atlas upgrade planned for early April
Rocket Pool: Atlas upgrade planned for early April
PayPal Finance plans to restructure debt of more than $700 million
Tornado Cash Fork Primacy Pools v 0 is Now Live Optimism
Odaily News According to Ameen Soleimani, an early contributor to Tornado Cash, tweeted that Primacy Pools v 0, the Tornado Cash fork mixing application, has now launched Optimism, and said that this is an experimental code that has not been audited, and it is untrusted in trusted settings . MolochDAO is planning to provide follow-on funding for future development.
PayPal Finance plans to restructure debt of more than $700 million
Odaily News According to Bloomberg News citing court documents, Babel Finance (Babel Finance) is in communication with creditors and plans to restructure the debt of 766 million U.S. dollars. Meanwhile, returning co-founder Yang Zhou is planning to file a moratorium on protection at the Singapore High Court, pushing creditors to take no further action against the company for six months while it seeks approval for a restructuring.
In addition, according to people familiar with the matter, Yang has been working with several former employees in Hong Kong on a DeFi project called “Hope” after quitting the company in 2021. Hope’s stablecoin of the same name will initially use Bitcoin and Ethereum as collateral. And keep its price anchored at $1 by incentivizing traders to arbitrage.
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The highest bid for TwelveFold NFT has reached 2 BTC
A total of 288 inscriptions will be auctioned off in this auction, which will be awarded to the 288 highest winning bidders at the end of the auction. Currently, there are 102 addresses above 0.1 BTC out of the first 288 bids, with the lowest bid being 0.0219 BTC. This auction will end before 7:00 on March 7, 2023, Beijing time.
Metaverse GameFi and NFT
The free casting of Base commemorative NFT has ended, and the total number of castings exceeds 480,000
The Illuvium: Beyond game will launch on March 8th at 6:00 AM, at which time the NFT collection Illuvitar minting will begin
Odaily news RPG chain game Illuvium announced that the first round of Illuvium and its accessories will be released together with the new collection game Illuvium: Beyond at 06:00 on March 8, Beijing time (UTC time 22:00 on March 7, 2023).
People familiar with the matter: Amazon will launch the NFT platform on April 24, initially launching 15 series
Odaily News Amazon will launch the NFT platform on April 24. It plans to make it available on the Amazon website through the "Amazon Digital Marketplace" tab, and it will initially only be available in the United States, and will gradually open to other parts of the world, including Europe.
Investment and Financing
Investment and Financing
TokenPocket Participates in the Seed Round of Litra Finance, an NFT Liquidity Protocol
It is reported that this cooperation will enable Litra to utilize TokenPocket’s ecosystem resources, thus accelerating TokenPocket’s growth and development in the NFT market. TokenPocket mobile and browser extensions will be integrated with Litra Finance, allowing users to access Litra with one click through TokenPocket and enjoy all the services Litra has to offer. Additionally, the NFTFi protocol and other NFT applications incubated by TokenPocket will be natively supported and connected to Litra Finance. Litra will build an NFT liquidity pool to provide trading and liquidity mining services for TokenPocket users.
It is reported that this cooperation will enable Litra to utilize TokenPocket’s ecosystem resources, thus accelerating TokenPocket’s growth and development in the NFT market. TokenPocket mobile and browser extensions will be integrated with Litra Finance, allowing users to access Litra with one click through TokenPocket and enjoy all the services Litra has to offer. Additionally, the NFTFi protocol and other NFT applications incubated by TokenPocket will be natively supported and connected to Litra Finance. Litra will build an NFT liquidity pool to provide trading and liquidity mining services for TokenPocket users.
Gaming Giant Wemade Makes Strategic Investment in Smart Mobility Platform HwikGo
In addition, Wemade will continue to provide advanced blockchain services through mainnet WEMIX 3.0, global open blockchain game platform WMIX PLAY, DAO and NFT platform NILE, etc.
It is reported that HwikGo, a MaaS (mobility as a service) platform company, has built a unique integrated platform to provide transfer connections between public transportation and shared smart mobility through transportation cards.
In addition, Wemade will continue to provide advanced blockchain services through mainnet WEMIX 3.0, global open blockchain game platform WMIX PLAY, DAO and NFT platform NILE, etc.
global policy
South Korea’s STO-related legal amendments will be submitted in the first half of this year and will be implemented as early as the end of next year
Odaily News Li Xiuying (transliteration), Minister of the Capital Market Department of the Korean Financial Commission, announced that the amendments to the "Electronic Securities Act" and the "Capital Market Act" will be submitted in the first half of this year, which has laid the foundation for the issuance and distribution of token securities (STO) in the first half of the year. Base. Minister Lee expects the Securities Token (STO) system to be implemented as early as the end of 2024, based on legislative discussions in the National Assembly.
As previously reported, on February 6, South Korea’s Financial Services Commission (FSC) issued the “Security Token (STO) Issuance and Circulation Disciplinary System Reform Plan”, which plans to allow STO to be issued and circulated in the form of securities within the scope of the capital market law.
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Coinbase Research Director: Nearly Half of Institutional Funds Are Flowing to Crypto Assets Beyond BTC and ETH
Odaily News Coinbase Research Director David Duong said in the latest interview with cryptocurrency analyst Scott Melker that institutional investors may be more open to encrypted assets other than BTC and ETH, because nearly half of institutional funds on Coinbase are flowing to assets other than BTC and ETH. Assets, institutional investors who continue to bet on BTC and ETH on the Coinbase platform currently account for about 55%.
