| Otherside: 2nd Trip tentatively scheduled to go live on March 25; Silvergate Bank voluntarily liquidated (March 10)
headlines
The Ethereum Goerli testnet is scheduled to activate the Shapella upgrade on the morning of March 15
Odaily News According to the official blog, the Ethereum Foundation announced that the Shapella network upgrade will be activated on the Goerli network at epoch 162304. The planned time is March 15, 06:25:36 Beijing time. It is expected that this will be the arrangement of the Shapella upgrade for the Ethereum mainnet The last testnet upgrade before. The Shapella community conference call is scheduled for March 13 at 23:00 Beijing time.
Yuga Labs announced that the "Otherside: 2nd Trip" event is tentatively scheduled to go live on March 25
In addition to Silvergate Bank's decision to discontinue the Silvergate Exchange Network (SEN), all other deposit-related services remain operational while the company is being wound up. (Business Wire)
Once the 2nd Trip reaches capacity, players will no longer be able to join the experience. Voyagers will have priority over guest passes for access to the experience. Participation links will be posted that day. Travelers on the 2nd Trip will be eligible for FIRST TRIP Obelisk Fragments.
Odaily News The crypto-friendly bank Silvergate Bank will gradually wind down operations in an orderly manner in accordance with applicable regulatory procedures and enter into voluntary liquidation, including full repayment of all deposits. Silvergate is also considering how best to resolve the claim and protect the residual value of its assets, including its know-how and tax assets.
Centerview Partners LLC served as financial advisor, Cravath, Swaine & Moore LLP served as legal advisor, and Strategic Risk Associates assisted in transition project management during this process.
In addition to Silvergate Bank's decision to discontinue the Silvergate Exchange Network (SEN), all other deposit-related services remain operational while the company is being wound up. (Business Wire)
Industry news
FTX plans to launch a $4 million bonus plan to retain employees, or provide subsidies of up to 94% of wages
Odaily News Cryptocurrency exchange FTX wants to launch a $4 million bonus program to retain employees with key skills. Chief executive John J. Ray III, who took over when the company filed for bankruptcy on Nov. 11, wants to offer bonuses of up to 94% of salary to retain staff who know programming or the company's accounting practices, the sources said.
Additionally, between 17% and 94% of the bonus will be in the best interest of FTX Group, according to court documents.
Mt. Gox extends claim filing deadline to April 6
According to official news from Odaily, with the court’s consent, the deadline for registration of Mt.Gox claims has been changed from March 10, 2023 to April 6; the deadline for repayment has been postponed from September 30, 2023 to October 31.
According to official news from Odaily, with the court’s consent, the deadline for registration of Mt.Gox claims has been changed from March 10, 2023 to April 6; the deadline for repayment has been postponed from September 30, 2023 to October 31.
As previously reported, on January 6, Mt. Gox issued an announcement stating that the deadline for creditor repayment method selection and payee information registration will be postponed from January 10, 2023 to March 10 (Japan time). The one-time and interim payment deadlines have been extended from July 31 to September 30.
Project News
Encrypted wallets Xverse and Hiro will be updated this week to support direct withdrawal of Bitcoin from Ordinals addresses
Odaily News In response to the problem that BTC cannot be withdrawn from the TwelveFold auction refund, the encrypted wallets Xverse and Hiro announced that they will update their version this week to support users to directly withdraw Bitcoin from the Ordinals address.
The new version of the Web3 communication protocol Push Protocol APP adds a wallet-to-wallet communication service
Odaily News The new version of the APP side of the Web3 communication protocol Push Protocol (formerly EPNS) has supported wallet-to-wallet chat communication services.
DeFi composable leverage agreement Gearbox Protocol will launch Gearbox V3 in Q2
According to official news, Gearbox Protocol, a DeFi composable leverage agreement, announced on Twitter that Gearbox V3 will be launched in the second quarter of 2023.
According to official news, Gearbox Protocol, a DeFi composable leverage agreement, announced on Twitter that Gearbox V3 will be launched in the second quarter of 2023.
Multi-chain DeFi management protocol Instadapp launches smart contract wallet Avocado
At the same time, users can use the built-in account abstraction to create deterministic smart contracts that only they can control. Avocado charges an additional 20% Gas fee, of which 10% is given to DApp integrators.
data
Data: Silvergate liquidation may significantly affect Bitcoin transaction volume
Odaily News CryptoQuant data shows that due to the impact of Silvergate liquidation on the market, BTC-denominated transaction volume has dropped by 35% in the past 24 hours. Meanwhile, the total number of transactions on the Bitcoin blockchain fell 17% over the same period, and the number of active addresses dropped 10%.
“When the news about Silvergate’s financial difficulties came out, coupled with the drop in the price of bitcoin, we saw a clear drop in transaction volume across the ecosystem,” said Guilhem Chaumont, chief executive of Paris-based market maker and brokerage Flowdesk.
Metaverse GameFi and NFT
Animoca Brands' NFT series Mocaverse casting has been completed: the sales ratio is only 3.21%
Odaily News According to the data disclosed by Animoca Digital Research, a digital asset research team under Animoca Brands, the casting of the NFT series Mocaverse under Animoca Brands has been completed, and the total supply of 8,888 NFTs has been released. Sales accounted for 3.21%, of which 1419 NFTs were sold at a profit, and 196 NFTs were sold at a loss.
In terms of holder distribution, the majority of holders (57%) still hold their original minted 2 Moca NFTs, while nearly 90% of users hold 1 Moca.
Zerion Wallet Launches OG NFTs on Mirror, Free Minting for 8 Days
Earlier news, Web3 content platform Mirror announced the launch of the "Subscribe to Mint" function, which has been deployed on the Ethereum, Optimism and Polygon chains to support the interaction between creators and collectors.
Mirror Launches "Subscribe to Mint" Feature, Already Deployed on Ethereum, Optimism and Polygon Chains
According to official news, Web3 content platform Mirror announced the launch of the "Subscribe to Mint" function, which has been deployed on the Ethereum, Optimism and Polygon chains to support the interaction between creators and collectors.
The new functionality will have two potential use cases:
1. Genesis Drop: Web3 projects can publish content and pair it with a collection NFT containing the project logo or symbol, and then use "Subscribe to Mint" to interact with the project audience through content updates and subsequent NFT Drops.
2. Collectible NFT series: Holders can complete minting NFT and encourage new users to register as subscribers to participate in future NFT Drops.
In addition, the "Subscribe to Mint" feature is completely free for creators, who will receive 100% of the proceeds of the NFT sold.
proposal
Odaily News The Lido Finance community launched a new proposal to stop the liquidity staking service on Polkadot and Kusama.
Lido partner MixBytes stated in the proposal that starting from August 1, 2023, it will stop developing and providing technical support for Lido on the Polkadot and Kusama liquidity staking agreements, saying that “this decision was made due to the multiple challenges , including market conditions, protocol growth, etc.”
MixBytes proposes to stop accepting new DOT and KSM for liquidity staking by March 15, and to automatically unstake tokens later in June. MixBytes also said it is seeking $20,000 a month from Lido DAO to support technical maintenance for five months.
Investment and Financing
FTX sells its Sequoia LP stake to Abu Dhabi investment arm for $45m
The deal could be finalized as early as March 31, but the FTX deal will be subject to intense judicial scrutiny.
The deal could be finalized as early as March 31, but the FTX deal will be subject to intense judicial scrutiny.
The potential buyer, Al Nawwar Investments RSC Limited, is ultimately owned by the Abu Dhabi government and has invested in Sequoia Capital, the filing said.
South Korea plans to pour $51 million into the Metaverse
It is reported that in February 2022, South Korea invested about 185 million US dollars to develop the metaverse ecosystem.
Cloud infrastructure startup Vantage completes $21 million Series A financing, a16z participates in investment
global policy
global policy
Federal Reserve Forms Team to Study Cryptocurrency Innovation
Odaily News Federal Reserve Vice Chairman Barr in charge of financial supervision said that encryption technology is still potentially transformative, but appropriate boundaries need to be maintained. Banks should treat cryptocurrencies with caution. Banks that directly hold cryptocurrencies are considered unsafe. The Federal Reserve formed a team to study innovations in cryptocurrencies. Crypto investors often lack sufficient information to assess risk. The Federal Reserve is strengthening its cryptocurrency regulatory capabilities and plans to continue issuing guidance on cryptocurrencies. (Golden Ten)
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U.S. House of Representatives: Stepping up to draft comprehensive cryptocurrency regulation bill
Odaily News The Republicans in the U.S. House of Representatives are stepping up to draft a comprehensive bill to strengthen the supervision of the cryptocurrency market.
Odaily News At the Senate Agriculture Committee hearing, Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), expressed disagreement with Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), who previously stated that "all cryptocurrencies except Bitcoin should be classified as securities." "The argument.
He believes that Ethereum and stablecoins (such as Tether) are commodities, not securities. Behnam also said he wants to work with the SEC on coordination opportunities, but the CFTC has yet to receive legal guidance on how to distinguish commodities from securities.
He believes that Ethereum and stablecoins (such as Tether) are commodities, not securities. Behnam also said he wants to work with the SEC on coordination opportunities, but the CFTC has yet to receive legal guidance on how to distinguish commodities from securities.
People familiar with the matter: Biden may propose to change the tax treatment of encrypted transactions to raise $24 billion
