| Hong Kong will issue licensing guidelines for cryptocurrency trading platforms in May; CoinList will launch CyberConnect on May 18 (April 28)
headlines
headlines
Arkham: Vulnerabilities related to Bitcoin alerts have been fixed, violent market fluctuations have nothing to do with alerts
Arkham responded that a vulnerability related to Bitcoin alerts had been fixed a few hours ago, but the alerts sent by Arkham to DB were correct, and market fluctuations had nothing to do with the alerts. Arkham explained, “DB sets up two alerts on all bitcoin transactions above $10,000 with no counterparty set, and then names the alerts ‘Mt Gox’ and ‘US Gov’. sent an alert, and now the bug is fixed. DB got this alert because of parameters he set himself, no one got inaccurate alerts, they just started getting alerts that were set before. Neither the alert nor the tweet is possible This caused a sharp drop in the price of Bitcoin today, as the drop occurred between 19:17 and 20:01 UTC, with the alert and tweet sent after 20:07 UTC and 20:08 UTC respectively."
CoinList expects to launch SUI trading and staking on May 3rd
Odaily News CoinList announced that it will list Sui’s native token SUI on the same day that SUI is released. Additionally, CoinList Pro will provide 48 hours of free trading on all SUI trading pairs and 1 month of free staking to all eligible CoinList users. Trading and staking of SUI is expected to go live around May 3, 2023.
It is reported that CyberConnect, the Web3 decentralized social graph protocol, previously completed a $15 million A round of financing, co-led by Animoca Brands and Sky 9 Capital. CyberConnect's composable social graph can help developers more easily obtain a wide range of applications, and develop customized A dApp that optimizes social functions and returns ownership of social data to users.
Industry news
Industry news
CME Ethereum options open interest exceeds $200 million this month, a record
Odaily News The Block data shows that the trading volume of CME Ethereum options has reached 272 million US dollars this month, compared with 94.7 million US dollars in March, an increase of 187%. It is related to the Ethereum Shapella upgrade, which allows the withdrawal of pledges on the network for the first time Ethereum. In addition, open interest hit a record $205 million.
Bitcoin Legal Defense Fund Will Support Bitcoin Core Developers Against Craig Wright Lawsuit
Odaily News The Bitcoin Legal Defense Fund (BLDF), a non-profit organization co-founded by Twitter founder Jack Dorsey, will support Bitcoin core developers in responding to CSW and its company’s lawsuit and provide legal defense.
The "Tulip Trading Limited v. Bitcoin Association" lawsuit stems from a 2020 hack that resulted in the loss of 111,000 bitcoins claimed by Craig Wright, who subsequently claimed that the bitcoin core developers had a fiduciary duty. (Decrypt)
Kraken asks court to deny IRS request for its encrypted customer information
Odaily News In response to the US Internal Revenue Service seeking court approval in February this year to confirm the identity of crypto exchange Kraken’s encrypted customers, Kraken has applied to the San Francisco Federal Court to reject the US Internal Revenue Service’s request and said it is investigating users who may underreport tax obligations .
The court will hold a hearing on the case in May to hear arguments from both sides. In a petition filed in February to enforce its subpoena, the IRS said it was seeking to identify Kraken accounts that made at least $20,000 in cryptocurrency transactions in any one year from 2016 to 2020. (Bloomberg)
Celsius Bid Auction Opens, Committee of Creditors Reminds Attendees of Non-Disclosure Agreements
"If you're listening to the Celsius auction, you've signed a non-disclosure agreement and should not reveal what's going on on Telegram, Twitter or elsewhere. Otherwise you're harming the bidding process (and your rights as a creditor). "
Insider: Former a16z CTO and CISO is launching institutional-focused crypto custody firm
The pair left a16z in February this year. Before joining a16z, the pair worked together to create the cryptocurrency custody infrastructure for Facebook's Novi (formerly Calibra) wallet. (CoinDesk)
Metaverse division Reality Labs loses $4 billion in first quarter
Meta CEO Mark Zuckerberg said that despite the apparent increase in time spent discussing artificial intelligence on today's earnings call, the notion that Meta is moving away from the Metaverse is false. (The Block)
Security Team: Recent Google search ad phishing incidents have occurred frequently, resulting in the theft of more than 4 million US dollars
Odaily News Web3 anti-fraud tool Scam Sniffer issued a document saying that in recent weeks, it has received multiple cases of users being phished by Google search ads. According to statistics, these Google search ad phishing has resulted in the theft of 4.16 million US dollars, and more than 3,000 victims. Most of the thefts occurred in the last month or so.
Scam Sniffer analyzed that most of the phishing advertisements cost extremely low. Through some technical means and camouflage, these advertisements successfully deceived the review of Google advertisements, resulting in these advertisements being finally seen by consumers, which in turn caused serious harm to users. damage. Users are requested to take more precautions when using search engines, and actively block the content in the advertising area.
Project News
Odaily News Filecoin announced that it has launched Filecoin Web Services (FWS) this week, aiming to build open source alternatives to AWS, Google Cloud and Azure. FWS is a set of computing and storage technologies built on the Filecoin network that developers can use to build decentralized applications.
Filecoin Has Launched FWS, an Open Source Alternative to AWS
Odaily News Filecoin announced that it has launched Filecoin Web Services (FWS) this week, aiming to build open source alternatives to AWS, Google Cloud and Azure. FWS is a set of computing and storage technologies built on the Filecoin network that developers can use to build decentralized applications.
Polygon launches Polygon zkEVM cross-chain bridge Polygon Bridge
Odaily News Polygon announced the launch of Polygon Bridge, a cross-chain bridge for Polygon zkEVM. Polygon Bridge for zkEVM is powered by zero-knowledge technology, managed by smart contracts on Ethereum and Polygon zkEVM, and supports ERC-20 tokens and ERC-777 tokens. Users can complete fund withdrawals on the Ethereum mainnet within 30-60 minutes.
Polygon launches Polygon zkEVM cross-chain bridge Polygon Bridge
The NFT market AlienSwap is about to launch the Pro version, and plans to open early access to users who pass the application
LayerZero Labs launches Essence, a new project that allows validators to be up and running quickly
LayerZero Labs, the development team of the interoperability protocol LayerZero, launched a new project, Essence, which can separate security and operational burdens, allowing anyone to start and run validators (oracle machines and relays) within 1 hour. Previously, validators required several months to build and require support from the entire development team.
LayerZero Labs says this is the first step on the road to v2, and the validator waitlist already includes more than 50 entities. LayerZero Labs will open source the code and publish documentation over the next few months.
Odaily News Uniswap announced that its self-hosted open source mobile wallet Uniswap Wallet has been officially launched in the App Store, and all the information of users in TestFlight before will be automatically transplanted. Uniswap Wallet supports users to create new Ethereum wallets or import existing wallets. Users can store, monitor and trade tokens on multiple chains without changing or configuring the network. They can view NFT, connect to Web3 applications, and more. The Uniswap wallet source code has been audited by security firm Trail of Bits.
DeFi asset management agreement Zapper: No tokens, we do not plan to launch tokens
Odaily news DeFi asset management agreement Zapper tweeted, "Next week ⚡️". Zapper later added that “there is no token, we are not planning to launch a token.”
Lens Protocol Launches Beta Version of Optimistic L3 Extension Solution Bonsai
Odaily News Web3 social graph protocol Lens Protocol announced the launch of the Optimistic L3 extension solution Bonsai beta version, which will handle ultra-large-scale transactions and is designed to support the next generation of Web3 social users. It is reported that Bonsai can handle ultra-large-scale Polygon off-chain transactions and reduce costs. Unlike L2 solutions, Bonsai does not compress transactions to L1, but sends and stores them on the data availability layer.
NFT marketplace Blur will begin filtering cheater wallet addresses in the next few weeks
Odaily News The NFT market Blur tweeted that some cheating activities can be easily detected on the chain, and all cheaters will be filtered from Season 2 onwards. Most of the on-chain analysis will be done by the end of Season 2, but in order to improve the user experience, Blur will also begin wallet address filtering in the next few weeks.
According to official news from Odaily, the NFT market AlienSwap will officially launch the Pro version soon. If users want to participate in the early experience before the official release, they can apply to the official Twitter private message or through Discord. Currently, it is only open to the first 100 people who pass the application.
Doodles to open early beta for The Stoodio on April 28th
According to official news from Odaily, the NFT market AlienSwap will officially launch the Pro version soon. If users want to participate in the early experience before the official release, they can apply to the official Twitter private message or through Discord. Currently, it is only open to the first 100 people who pass the application.
Doodles to open early beta for The Stoodio on April 28th
Odaily News The NFT projects DeGods and y 00 ts have launched non-custodial pledges. Users only need to cancel the pledge and re-stake the NFT to participate. During the pledge, the NFT will remain in the holder's wallet, but these NFT will be frozen by the pledge contract. NFTs cannot be transferred/traded until unstaked, however Token-gated applications will not be affected. Additionally, the DUST staking/unstaking fee for ETH will be waived next week, with plans to reinstate fees on May 4th.
Investment and Financing
Crypto Custody Zodia Custody Closes $36M Series A Funding Led by SBI Holdings
Zodia will use the funding to expand beyond its current markets in Europe and Asia, adding that the company is also interested in opportunities in the Middle East. However, expansion in the US would not be considered due to "uncertainty over the regulatory roadmap". The funds will also be used by the company to support more digital assets, including staked ethereum.
Zodia will use the funding to expand beyond its current markets in Europe and Asia, adding that the company is also interested in opportunities in the Middle East. However, expansion in the US would not be considered due to "uncertainty over the regulatory roadmap". The funds will also be used by the company to support more digital assets, including staked ethereum.
It is reported that Zodia Custody was established at the end of 2020 and was previously only supported by Standard Chartered Bank and Northern Trust, which owns 90% of the company's shares. Zodia Custody targets institutional investors in digital assets, and also has a separate cryptocurrency trading platform, Zodia Markets. (Bloomberg)
Crypto Wallet Giddy Completes $6.9M Funding, Pelion Venture Partners Participates
Odaily News The encrypted wallet Giddy announced the completion of a new round of financing of US$6.9 million. This round of financing was participated by Pelion Venture Partners, Peak Capital Partners, Clarke Capital, etc., including strategic investment from Fortnite co-founder Geremy Mustard. Pelion led Giddy’s $8 million funding round in 2022, bringing the company’s total investment to date to more than $15 million.
Proceeds from the new capital will be used to advance its strategy to bring crypto to the masses through its recoverable self-custodial smart wallet technology, Giddy said. (CoinDesk)
Modular DEX infrastructure Native closes $2M seed round led by Nomad Capital
Odaily News According to official news, modular DEX infrastructure Native announced the completion of a $2 million seed round of financing, led by Nomad Capital. The new financing will be used for product development with a focus on enabling flexibility, modularity and interoperability.
According to reports, using Native, projects can control every element of the exchange experience, including UI, pricing model, risk management settings, and exchange fees. Native does all this through a simple web UI, simplifying the complexity of the underlying smart contracts and APIs.
Web3 Credit Protocol Getaverse Receives Investment from LD Capital
According to official news from Odaily, the Web3 credit protocol Getaverse announced that it has received investment from LD Capital. The specific investment amount has not yet been disclosed.
As the first DID credit agreement project invested by LD Capital, Getaverse will receive a full range of post-investment services from LD Capital. The investment will be used to expand the DID platform, develop the DID credit management system and AI components, and improve user experience, among other things.
In the next step, Getaverse will continue to leverage the advantages of the DID platform, standardize SBT technology, provide more SBT application use cases, and promote innovation and development in the field of decentralized identity management.
In the next step, Getaverse will continue to leverage the advantages of the DID platform, standardize SBT technology, provide more SBT application use cases, and promote innovation and development in the field of decentralized identity management.
It is reported that L1 EF is the first publicly accessible ecosystem fund for Layer 1 blockchain, and its goal is to invest in builders, creators and early projects to expand the Lamina 1 platform and turn the vision of an open metaverse into reality . (Businesswire)
global policy
global policy
Hong Kong to issue licensing guidelines for cryptocurrency trading platforms in May
As previously reported, in February this year, the Hong Kong Securities Regulatory Commission launched a consultation on proposed regulations applicable to operators of virtual asset trading platforms. Under the new licensing regime that will come into effect on June 1, 2023, all central virtual asset trading platforms operating in Hong Kong, China or actively promoting to Hong Kong investors will need to be licensed by the Securities and Futures Commission. Operators of virtual asset trading platforms (including existing platforms) that plan to apply for a license should begin to review and modify relevant systems and monitoring measures to prepare for the new system. Operators who do not intend to apply for a license should start preparing for the orderly termination of their operations in Hong Kong. The Hong Kong Securities Regulatory Commission plans to publish several lists on its website to list the regulatory status of each virtual asset trading platform to the public, and will continue to cooperate with the Investor and Financial Education Committee to strengthen investor education for the Hong Kong public. Comment period closes March 31.
Odaily News A bipartisan bill introduced to the U.S. Senate and House of Representatives on Thursday would call on the federal government to study cases of cryptocurrencies being used for illicit activities and make recommendations on how to reduce those uses. The Financial Technology Protection Act proposes the creation of a task force to study how cryptocurrencies and other new financial technologies are used by terrorists or other criminals, and to make recommendations for Congress and regulators aimed at combating these uses. The bill was sponsored by Senators Kirsten Gillibrand (DN.Y.) and Ted Budd (RN.C.) and Congressmen Zachary Nunn (R-Iowa) and Jim Himes (D-Conn.). (CoinDesk)
UK Tax Authority Proposes Legislative Changes to DeFi Lending, Staking Taxation
Odaily News Herald Revenue and Customs (HMRC) is seeking public comments on proposed changes to the tax treatment of decentralized finance (DeFi) lending and staking. The consultation is open for eight weeks and ends on June 22. The goal of the consultations is to create a system that better aligns the taxation of crypto assets used in DeFi lending and staking transactions with the underlying economic substance while reducing the administrative burden on users. Under the proposed changes, the use of crypto assets in DeFi transactions will no longer be considered a disposal for tax purposes. Conversely, tax dispositions arise when crypto assets are economically disposed of in non-DeFi transactions.
South Korea's central bank plans to include stablecoins in its regulatory scope and legislate separately
The Bank of Korea believes that when South Korea introduces regulations related to encrypted assets, it is also necessary to consider a plan to introduce additional regulation on stablecoins, including regulating and restricting financial integrity, disclosure, risk management, and internal control. In addition, the Bank of Korea emphasized the need to formulate detailed reserve asset conditions or user protection plans. For overseas stablecoins traded in South Korea, the Bank of Korea is considering applying them to laws such as the country’s Foreign Exchange Transactions Act.
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Grayscale CEO: Court is expected to rule on his case with SEC on GBTC-to-Bitcoin ETF application by end-September
Odaily News Grayscale Asset Management CEO Michael Sonnenshein said at the CoinDesk Consensus 2023 conference that Grayscale expects to know by the end of the third quarter whether to allow its Grayscale Bitcoin Trust (GBTC) to be converted into an exchange-traded fund.
In addition, Sonnenshein spoke at the Consensus 2023 conference and stated that he believes that politicians and their family offices are currently involved in and understanding the encryption field at an unprecedented level. (CoinDesk)
CFTC Commissioner: Has Been Talking to Binance Since Filed, But Has Not Seen 'A Path Forward'
Kristin N. Johnson said that as of now, no decision has been made on the lawsuit against Binance. Although the CFTC hopes to find a "way forward" in the legal battle with Binance, there has been no progress yet. Nevertheless, "doesn't mean never, hopefully in the future." (CryptoTVplus)
Head of Binance Global Sanctions: The number of compliance employees has increased from 100 in 2021 to 750 now
Poyraz also said the company was committed to transparency and avoiding conflicts with international bodies such as the United Nations, the European Union or the United States.
