| OpenSea's valuation dropped to $3 billion; the giant whale holding nearly 80,000 BTC woke up after 12 years of silence (April 26)

Azuma

Odaily资深作者

@azuma_eth

2023-04-26 08:37 (UTC+8)

This article is about 6826 words, reading the full article takes about 10 minutes

According to 0xScope analysis, the giant whale address holding nearly 80,000 BTC may belong to the Mt.Gox hacker.

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According to 0xScope analysis, the giant whale address holding nearly 80,000 BTC may belong to the Mt.Gox hacker.

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headlines
The draft of new US stablecoin legislation intends to deprive the US SEC of jurisdiction over stablecoins
Odaily News Republicans on the Financial Services Committee of the U.S. House of Representatives proposed a new stablecoin regulatory draft, which aims to transfer the jurisdiction of stablecoins from the U.S. Securities and Exchange Commission (SEC) to federal and state bank and credit union regulators.
The new bill no longer involves algorithmic stablecoins or requires research on central bank digital currencies, focuses on stablecoins for payments, manages the registration process for individual potential stablecoin issuers, and is intended to be a companion document to legislation governing the U.S. digital asset market . According to the announcement, the latest version will serve as a “starting point” for conversations between Republicans and House Democrats, the Senate, and the White House on stablecoin regulation in the coming months.

The draft stipulates that U.S. states can use their own standards to approve stablecoin issuance, but the bill sets a bottom line for state regulators to evaluate projects. If a stablecoin does not meet these benchmark standards, the Fed can also halt a project, even if it is state-approved. Issuing stablecoins without regulatory approval may lead to criminal and civil penalties, and stablecoin issuers will be subject to anti-money laundering and KYC requirements. Stablecoin issuers awaiting full approval can obtain preliminary approval and can issue stablecoins within one year. currency while waiting for the evaluation results. Stablecoins must be backed at least one-to-one with fiat currency or short-term treasury bills, and these reserves are required to be audited monthly by a certified public accountant, signed off by the CEO of the issuer, and criminally liable in the event of known false reporting. If the issuer goes bankrupt, payment stablecoin holders will be given priority in compensation. The bill also declares that stablecoins are not securities.

With Republicans in the U.S. House of Representatives and Democrats in the Senate, and requiring the signature of Democrat Joe Biden, any bill related to digital assets would require bipartisan support to become law. (The Block)
The giant whale address holding nearly 80,000 BTC has been silent for 12 years, and the cost unit price is only US$0.93

Odaily News Lookonchain monitoring data shows that some BTC giant whales that have been silent for many years have recently awakened. Three giant whale addresses holding a total of 8,199 BTC ($225 million) woke up in just five days.

In addition, a giant whale holding 79,957 BTC ($2.19 billion) has been silent for 12 years, when the unit price of BTC received was only $0.93. Lookonchain added that the address was not activated and was just a reminder to pay attention to the address.
Tiger Global slashes OpenSea valuation to $3 billion

Tiger Global slashes OpenSea valuation to $3 billion

Odaily News Tiger Global has lowered the value of its interest in OpenSea from US$126.8 million to US$30.2 million, a drop of 76%. Based on this calculation, Tiger Global has lowered OpenSea's valuation to $3 billion.
As previously reported, OpenSea announced in January 2022 that it had completed a $300 million Series C round of financing at a post-investment valuation of $13.3 billion, led by Paradigm and Coatue, and participated by Tiger Global and others. (DL News)

Odaily News On April 25, StarkNet, the Ethereum Layer 2 network, StarkWare, the Ethereum Layer 2 expansion development team, and Braavos, the StarkNet ecological self-hosted wallet, released the same "04.28.23" short video.

Industry news

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Industry news

Coinbase Asks Federal Court for SEC Answers on Digital Asset-Specific Rules

Odaily News Coinbase issued a document stating that it has filed a lawsuit in the US federal court, asking the US Securities and Exchange Commission (SEC) to respond to a petition it filed in July 2022 to establish specific rules for digital assets. “From the SEC’s public statements and enforcement activities in the crypto industry, it seems that the SEC has made up its mind to reject our petition. But they have not told the public, so the lawsuit filed by Coinbase today is just asking the court to ask the SEC to share its decision.”
South Korean prosecutors hand over Terraform Labs founder Daniel Shin and others for trial
Odaily News South Korean prosecutors have handed over Daniel Shin, co-founder of Terraform Labs and former CEO of Chai Corporation, to trial.

It is reported that the Joint Financial and Securities Crime Investigation Team of the Seoul Southern District Prosecutor’s Office has prosecuted without detention 8 managers and ordinary employees related to the Terra project, including Daniel Shin, on suspicion of fraudulent and improper transactions under the Capital Market Act. Prosecutors allege in the indictment that they minted “investment contract securities” Luna tokens between April 2019 and May 2020, but distributed and sold them to investors without filing a securities report.

Daniel Shin is charged with: Violation of the Capital Market Act (improper transaction, violation of public offering regulations, unlicensed sales), Violation of Specified Economic Crimes Act (fraud, breach of trust, embezzlement of public funds), Violation of Specified Financial Transaction Information Act, Violation of Electronic Financial Transactions law, forged receipts, malfeasance and commercial breach of trust.

Do Kwon and Terraform Labs still have billions of won in their accounts with Swiss bank Sygnum

Odaily News Seoul, South Korea prosecutors said that Terra co-founder Do Kwon and Terraform Lab (TFL) have billions of won remaining in their accounts at Swiss virtual asset bank Sygnum. On April 25, the Seoul Southern District Prosecutors Office's Financial and Securities Crime Joint Investigation Unit stated that it was continuing to track bitcoins owned by LFG (Luna Foundation Guard), but some of them had been converted into cash and stored in Signum accounts.
DCG: Certain Genesis Capital Creditors Have Decided To Abandon Genesis Prior Agreement

Odaily News According to a screenshot of part of the statement issued by Digital Currency Group (DCG) on Twitter regarding the submission of a mediation motion against Genesis, two months after the parties agreed to a comprehensive settlement submitted by Genesis Capital to the bankruptcy court, part of Genesis Capital Creditors refused and made new demands. It is our understanding that a subset of creditors has decided to abandon the previous agreement and it is unclear whether thousands of individual creditors are aware of this development, but the latest maneuver will prolong the court process. In February, Genesis Global Holdco released final details of a proposed plan to sell Genesis Global Trading together to help parent company Digital Currency Group (DCG) repay some of the company's creditors. DCG will transfer its interest in Genesis Global Trading to Genesis Global Holdco.

Concurrently, Genesis assets will be “equitized” as agreed upon by Genesis, GGC creditors, Ad Hoc Group Advisors and DCG. If the sale process does not result in the sale of all or a substantial portion of Genesis' assets, the GGC creditors will receive 100% of the reorganized GGH following a reorganization pursuant to an amended plan.
Visa to Launch Crypto Products to Drive Mainstream Adoption of Public Blockchain Networks and Stablecoin Payments

Odaily News Cuy Sheffield, head of Visa cryptocurrency, disclosed on social media that Visa is developing new cryptocurrency-related projects. Visa's upcoming encryption products aim to promote mainstream adoption of public blockchain networks and stablecoin payments.

Odaily News Tiger Securities (Hong Kong), a subsidiary of Tiger International, announced the launch of cash management services. The company also disclosed that it intends to apply for a virtual asset trading platform license in Hong Kong. It is currently negotiating with relevant companies on related matters, and may plan to do related promotions in June this year. (Sing Tao Daily)

Ordinals Finance Loses $1M for Exit Scam Project

Odaily News According to CertiK monitoring, Ordinals Finance has been confirmed as an exit scam project, causing a loss of 1 million US dollars. The deployer withdraws OFI tokens from the OEBStaking contract, exchanges them for ETH and transfers them to the EOA address (0x 34 e...25 cCF), which in turn transfers 550 ETH (~$1 million) to Tornado Cash. All social media accounts and websites of the project have been deleted.
ETH address: 0x 419 E 35 E 3515 c 2 fDB 65 2C 898 bF 7 A 0 B 21 FB 20497 dC.

Project News

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Project News
Layer 1 Blockchain Venom Announces Official Launch of Its Public Testnet
Arbitrum has completed the initial distribution of ARB to DAO in the ecosystem, and Treasure is the largest receiver

Arbitrum has completed the initial distribution of ARB to DAO in the ecosystem, and Treasure is the largest receiver

Odaily News According to Nansen’s disclosure on social media, Arbitrum has completed the full distribution of the initial ARB distribution of its ecological DAO. The highest recipients include: Treasure (8 million ARB), SushiSwap (about 4.25 million ARB), Dopex (about 387 10,000 ARB), Radiant Capital (about 3.35 million ARB), Balancer (3.09 million ARB), etc.

Optimism Introduces "Superchain Token List" Feature to Simplify Bridge Token Process

Odaily News Gitcoin announced the opening of Gitcoin Grants Beta Round donations, and this round of donations will last until May 9th. There was $1.25 million in matching funds in the Core Round in the Gitcoin Grants Beta Round. The five core rounds in this round of Gitcoin Grants Beta Round include Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum Infrastructure.
The workflow of this function is as follows: developers can create a PR (Pull Request) in the Github library of Superchain Token List, and each token added to the list will be automatically verified according to the data provided by the requester. During this process, Optimism will verify the on-chain information of the token and verify that the asset can use the standard bridge. The token building and issuance process is also automated. Once a token is merged into the token list repository, it will be immediately deployed to the Hyperchain token list.

Starknet will focus on improving network performance and UX this year, and will focus on decentralization in 2024

Odaily News StarkWare issued an article explaining Starknet's 2023 goals and roadmap. Starknet will focus on improving network performance and UX in 2023, including improving network efficiency, reducing transaction costs, and implementing fee markets.
The upcoming Starknet v 0.12.0 will include significant throughput and latency improvements, and this release will include a transition to the Rust-based Sequencer and the new Rust-Cairo VM. In v 0.13.0, Starknet’s transaction costs will be significantly reduced, mainly through Ethereum’s EIP-4844 (expected to be launched in Q4 2023) and the introduction of Starknet’s Volition (off-chain data availability). Starknet will introduce a fee market in v 0.14.0; in v 0.15.0 Starknet will switch to a constant and shorter block interval.
In addition, Starknet stated that it plans to focus on decentralization at the operational and decision-making levels in 2024.

The Base testnet will undergo a Regolith hard fork upgrade on April 28

Odaily News Coinbase L2 Network Base tweeted that the Base Goerli test network will undergo a Regolith hard fork upgrade at 01:00 on April 28, Beijing time. This is the first hard fork of the test network.
The upgrade, aimed at making Base more secure and reliable, follows the Optimism Regolith hard fork upgrade on March 17th, and is activated by making timestamp-based configuration changes to the OP Stack’s Rollup nodes and execution engines. Nodes will need to be upgraded to version Base node v 0.1.1 to stay in sync, the upgrade has no effect on users not running nodes.

Foreign media: Amazon's NFT platform launch date postponed to May 15

According to sources from Odaily, the technology giant Amazon has postponed the launch of its NFT platform "Amazon Digital Marketplace" from April 24 to May 15, because Amazon is not ready yet. NFTs that the marketplace will purportedly support include Bored Ape Yacht Club (BAYC). (The Big Whale)

Gitcoin has started the Gitcoin Grants Beta Round, which will run until May 9th

Ethereum Staking Protocol Swell Network Launches Mainnet Public Beta

Odaily News The Ethereum pledge agreement Swell Network launched the public Beta test version Swell Seawolf on the Ethereum mainnet. Users can stake liquidity at zero fees in this version, and early stakers may have the opportunity to participate in Swell's decentralized governance.

Ethereum Staking Protocol Swell Network Launches Mainnet Public Beta

Odaily News The decentralized trading platform SushiSwap officially announced that it has launched Furo, a decentralized flow payment platform, to help DAO automate its contributor payment and Token vesting schedule.

Odaily News The DeFi composable leverage agreement Gearbox Protocol has passed the community proposal vote, and will distribute 1 million GEAR voting rewards for each voting cycle on the Balancer ecological income governance platform Aura Finance to motivate the Gearbox USD liquidity pool; If successful, an increase in the incentive amount may be considered in the future

Investment and Financing

Fintech incubator and investment group 42 Markets Group secures $10 million in funding from Convergence Partners

Fintech incubator and investment group 42 Markets Group secures $10 million in funding from Convergence Partners
Co-founded in 2019 by Managing Director Connie Bloem and 42 Markets Group CEO Andries Brink, Mesh (Mesh.trade) aims to bridge the gap between TradFi, AltFi and DeFi, allowing market participants to issue, tokenize, trade, Settle and manage multiple classes of digital securities. Initially launched on the Stellar blockchain, Mesh is currently working on integration with other L1 blockchains to launch a new range of asset classes.

Odaily News 42 Markets Group, the financial technology incubator and investment group of Mesh's parent company, announced that it has received $10 million in growth funding from Convergence Partners to facilitate the growth and development of its portfolio companies, including Mesh, Andile and FXFlow.

TinyTap completes US$8.5 million in financing, Sequoia China and others participate in the investment

Institutional Credit Infrastructure Provider Credora Closes $6M Funding Round, S&P Global, Coinbase Ventures Participate

Credora, a provider of institutional credit infrastructure, has raised $6 million in a strategic funding round, with investors including S&P Global and Coinbase Ventures. Other participants in the round include Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures. The round brings Credora’s total funding to a whopping $16 million. The funding will help build the technology and support Credora's private computing technology used to underwrite and monitor borrowers. The startup provides the technical infrastructure for centralized and decentralized institutional credit.
It is reported that Credora was established in 2019 to provide a loan infrastructure and credit rating system tailored for the private credit market. Its privacy-preserving technology enables lenders to make informed real-time decisions without revealing borrower information, the company said. (CoinDesk)

DeFi Protocol DFlow Completes $5.5M Funding Led by Framework Ventures

Odaily News On April 25, the DeFi protocol DFlow completed a financing of US$5.5 million. Framework Ventures led the investment, and Coinbase Ventures, Circle Ventures, Cumberland, Wintermute Ventures, Spartan Group and ZeePrime participated in the investment.
It is reported that DFlow allows market makers to buy order flow directly from the wallet application, and guarantees that the market maker will provide execution at the best price. DFlow defines the best price as the lowest public price aggregated for centralized and decentralized exchanges. (CoinDesk)

Web3 Salary Payment Solution Rise Completes $3.8 Million Financing Led by Sino Global Capital and Polymorphic Capital

Softbank Capital Group has completed the first seed round investment of US$3 million in AI WORLD

Odaily News Web3 customer relationship management (CRM) solution provider MetaCRM completed a $2.5 million seed round of financing, led by Cherubic Ventures, with participation from Ondine Capital, Red Building Capital, and Tribe Accelerator.
It is reported that AI WORLD is a global project focusing on artificial intelligence technology innovation and blockchain applications. It has strong technical research and development capabilities and has achieved remarkable results in multiple industries.

Web3 customer relationship management product MetaCRM completes $2.5 million in financing led by Cherubic Ventures

Odaily News Web3 customer relationship management (CRM) solution provider MetaCRM completed a $2.5 million seed round of financing, led by Cherubic Ventures, with participation from Ondine Capital, Red Building Capital, and Tribe Accelerator.
One of MetaCRM's main products, MetaForm, collects feedback and data, and provides NFT creation among other features. MetaDesk aggregates customer tickets using on-chain tags to provide a single view of multi-chain transactions. Additionally, MetaCRM plans to integrate ChatGPT into the system. (Tech in Asia)

Blockchain book publishing platform Libraro completes 2 million pounds of financing, nChain and others participate in the investment

Odaily News Blockchain book publishing platform Libraro announced the completion of 2 million pounds of financing, nChain and Web3 incubation project Block Dojo participated in the investment.
It is reported that Libraro supports writers to publish the content of their works to its platform, and uses blockchain technology to record and protect the copyright of uploaded materials to ensure the "integrity" of the platform. The company also launched NFT digital collections as user incentives.

Decentralized asset management platform Teahouse Finance raises $2 million led by AppWorks

Chain game Flappy Moonbird completes $2 million in financing, led by FBG Capital

Odaily News Free-to-Play blockchain game Flappy Moonbird announced the completion of a $2 million Pre-B round of financing at a valuation of $60 million, led by FBG Capital. Previously, at the end of December 2022, Flappy Moonbird completed a US$6 million Series A financing, led by LinkVC.
It is reported that Flappy Moonbird is produced by Helix Table, the studio of French video game developer and publisher Voodoo, and is the latter's first game to enter Web3.

ARPA Network Receives $1 Million Strategic Investment from DWF Labs to Advance Decentralized Computing Solutions

ARPA Network, a decentralized secure computing network, will also accelerate the development of innovative applications based on its infrastructure, such as the random number tool Randcast, which can be widely used in games, lottery, NFT minting and whitelisting, key generation and block A variety of scenarios including chain verification node task distribution solutions, etc.
ARPA Network, a decentralized secure computing network, will also accelerate the development of innovative applications based on its infrastructure, such as the random number tool Randcast, which can be widely used in games, lottery, NFT minting and whitelisting, key generation and block A variety of scenarios including chain verification node task distribution solutions, etc.

global policy

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global policy

South Korea's National Assembly Political Affairs Committee passed the "Virtual Asset Investor Protection Act"

Odaily news South Korea's National Assembly Political Affairs Committee passed the first phase of the virtual asset bill in the Bill Review Subcommittee, namely the "Virtual Asset Investor Protection Act". The core of the first phase of legislation on virtual assets is to introduce legal rules to protect users such as protecting customer assets and eliminating unfair transactions. When the international standards for virtual assets are promulgated, the country's second-stage legislation will promote supplementary regulations on market order such as the issuance and disclosure of virtual assets. (fnnews.com)
Proposed bill in California plans to include DAOs as acceptable business entities, allowing them to register and pay taxes

Odaily News Representative Matt Haney of San Francisco, California, has drafted a bill that aims to provide a legal framework to include DAOs as acceptable business entities.

Assembly Bill 1229 would change California's corporate code to include DAOs, blockchain networks, and smart contract agreements. If passed, the bill would enable DAOs to register and pay taxes in California, while providing better protections for Californians participating in the Web3 economy. The bill has been backed by a16z and the Crypto Innovation Council. (Decrypt)
CFTC Commissioner: Congress is Considering New Laws to Address Anonymity and Digital Identity
“Government and industry need to address the main feature that makes cryptocurrencies attractive to illicit finance – anonymity – and the risks associated with digital assets must be managed, as market integrity, national security and financial stability are paramount and cannot be compromised,” Romero said. Reducing the risk of illicit finance in cryptocurrency markets requires addressing the challenges of identity verification. While public blockchains offer some transparency and traceability, the use of mixers and anonymity-enhancing technologies adds potentially significant risks.”