
headlines
headlines
NYDIG Expects to Hold $25 Billion in Bitcoin for Institutional Clients by Year's End
According to Ross Stevens, CEO of New York Digital Investment Group (NYDIG), NYDIG already has enough institutional buying orders lined up to take its Bitcoin holdings past $25 billion by the end of 2021. According to Stevens, NYDIG currently manages $6 billion in bitcoin for its 280 institutional clients, and there are currently at least 96 institutions waiting, and NYDIG can include at least 75 per month. (CoinDesk)
Staked responds to "over 70 nodes were collectively slashed": it is caused by technical problems and will fully compensate affected customers
The pledge service provider Staked responded to the previous slash punishment of more than 70 nodes collectively, saying that on February 2, 75 nodes running on Staked were slashed, mainly due to technical problems, and customers will be fully compensated. Staked explained: "Over the past six weeks it has made a series of performance improvements to increase the attestation rate and tested using a 'canary' environment, but Prysm's client-side slash-protected database caused loss of attestation (since done fixed), we then disabled the persistence of the Prysm database in pursuit of better performance, and attempted to increase the number of beacon nodes, which caused this issue. Currently, we reserve the Prysm slashing database for all five regions validators running in , so this kind of issue won’t happen again.” Staked will get in touch with affected customers and compensate customers for lost ETH and missed rewards due to slash penalties.
Musk tweeted that Dogecoin is the people's cryptocurrency. You don't have to be a superhero to have it.

digital currency
digital currency
The Polkadot community proposed to increase the number of verifiers to 599 and the referendum failed
Bill Laboon, director of technical education at the Web3 Foundation, tweeted to announce the progress of the Polkadot project, saying that the referendum on the 15th proposed to increase the number of verifiers to 599. The referendum has so far failed, but there will be 27 days of voting. In the meantime, the community has had a separate motion (possibly resulting in a referendum from the committee) to gradually increase the number of validators to 397 (one new validator per era). In addition, the community referendum 14 proposal to initiate a claim has also been rejected.
The Cardano testnet has completed the Mary hard fork
The Cardano development team, Input Output, tweeted and announced that it had successfully completed the Mary hard fork of the testnet at 20:20:16 UTC (04:20:16 Beijing time), and applied the Goguen native token upgrade, and the Cardano testnet officially entered multi-asset Era, the main network will be upgraded at the end of this month. It is reported that the launch of Goguen will herald two developments: the control of the blockchain mechanism will be transferred to the pledge pool; Cardano will become a programmatic blockchain, and its smart contracts can provide support for decentralized applications.
USDT has been issued on the Solana chain
USDT has been minted on the Solana blockchain for the first time, months after Solana was elected as the USDT issuer. (CryptoSlate)
The EVM of the Polkadot DeFi platform Acala has deployed the Uniswap contract
In the 2021 ETHDenver Kickoff online seminar, Bryan Chen, a member of the Acala Council, deployed the Uniswap contract to the Acala EVM within two minutes, and successfully sent the transaction, completing the Polkadot ecosystem's first compatibility with Ethereum contracts. Bryan Chen said that this is the first public appearance of Acala EVM.
Tornado.Cash starts voting on Proposal No. 1 and No. 2, and will start the transaction of governance token TORN
Ethereum privacy trading platform Tornado.Cash has launched Governance Proposals 1 and 2. Proposal No. 1 shows that TORN, the governance token of Tornado.Cash, has been frozen since December 2020. Except for voting, TORN cannot be transferred to any address. The proposal proposes to start trading TORN tokens. Proposition 2 updates the minimum voting threshold for Tornado.Cash, reducing the limit from 25,000 TORN to 15,000 TORN. The deadline for voting on both proposals is 3 days later (February 6).
The second-tier solution Cartesi plans to implement the expansion solution CartesiRollups on the testnet before the second quarter
Cartesi, an infrastructure platform based on Layer2Linux, stated in its 2021 roadmap that it plans to implement CartesiRollups on the test network before the second quarter of 2021. Implement CartesiRollups' DescartesV2.0 online. DescartesSDK enables developers to use all the software tools of the Linux operating system to build computationally intensive DApps, and with the help of the SDK, DApps can run these calculations off-chain in a mature Linux environment.
SynFutures, a decentralized synthetic derivatives platform, has been launched on the Ethereum test network. Users can freely add liquidity to various digital asset derivatives trading pairs with a single currency, including ETH, ERC 20 tokens, BTC and other cross-chain assets and gold. For futures leveraged trading of off-chain assets, smart contracts have been audited by Paidun.
Blockchain industry
Blockchain industry
SWIFT and the Digital Currency Research Institute of the People's Bank of China jointly established a financial gateway company
Public records show that recently SWIFT, the General Clearing Center of the People's Bank of China and the Digital Currency Research Institute of the People's Bank of China jointly established a Financial Gateway Information Service Co., Ltd. in China. SWIFT is 55% owned through a Hong Kong subsidiary. Notably, the People's Bank of China Clearing Center holds a 34 percent stake. The company's business scope includes information system integration, data processing and technical consulting. Huang Meilun, CEO of SWIFT China, is the legal representative, and the other four directors include three senior executives of SWIFT and Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China.
PayPal is investing heavily in its new cryptocurrency and blockchain unit
PayPal’s investor update document for the fourth quarter of 2020 shows that PayPal’s cryptocurrency business is expected to expand to PayPal’s mobile payment service Venmo and international markets in the first half of 2021. Venmo's integration with cryptocurrencies is expected to happen "in the coming months." Additionally, customers who have purchased cryptocurrency on PayPal are now logging in twice as often on PayPal. PayPal CEO Daniel Schulman said on the company's earnings conference call that it is investing heavily in a new encryption, blockchain and digital currency business unit to help shape a more financially inclusive future. (The Block)
Suzhou will issue another 30 million digital RMB red envelopes on February 5
After Suzhou successfully issued 20 million digital RMB consumption red envelopes in December last year, Suzhou will launch the "Digital RMB · Suzhou New Year's Festival Jingdong Special Session" on February 5, and once again distribute 30 million digital RMB, each red envelope for the Suzhou New Year's Festival The amount is 200 yuan, and the total number of red envelopes is 150,000. (Securities Times)
Nasdaq-listed mining company Bit Digital (BTBT) has announced that its board of directors has removed Min Hu as CEO, while Ping Liu resigned as chairman of the board due to "health reasons." Bit Digital said CFO Erke Huang will succeed Min Hu as interim CEO and board member Zhaohui Deng will be named chairman. In addition, the board also accepted the decision of Hong Yu (suspected to be Yuhong) to resign as chief strategy officer and director. Bit Digital did not give a reason for Min Hu's removal, other than to say that he "was not involved in the company's mining operations."
Investment and Financing
Investment and Financing
DTAP Capital founder applies for $200 million fund to invest in crypto startups
Dan Tapiero, an investor in cryptocurrency companies and founder of investment fund DTAP Capital, has filed with the US SEC to launch a $200 million fund called 10T Holdings that will invest in cryptocurrency startups. In addition to Tapiero, the SEC filing also lists longtime investor Michael Dubilier and Stan Miroshnik, former CEO of cryptocurrency advisory firm Argon Group. (CoinDesk)
DMEX, a decentralized financial platform for computing power, announced that it has received US$1 million in financing led by the cryptocurrency exchange AEX, and investment institutions such as LinkVC, Zhizhen Capital, and Lianxiang Capital followed suit. DMEX plans to introduce BHP into the DeFi field, and upgrade from version 1.0 of BHP to 2.0 joint mining. The underlying logic is to securitize HHP assets to maximize the asset circulation of investors. DMEX represents The coin is expected to be officially listed on the Huobi Heco chain decentralized exchange MDEX on February 15, starting liquidity mining.
On-chain options protocol Opyn completes $6.7 million in Series A financing led by Paradigm
On-chain options protocol Opyn announced the completion of a $6.7 million Series A round of financing, led by Paradigm, with participation from Synthetix founder Kain Warwick, Aave founder and CEO Stani Kulechov, and Dragonfly Capital. Opyn stated that these funds will be used to further develop the DeFi options agreement Gamma protocol and strengthen the Opyn team.
Decentralized computing power financial platform DMEX received $1 million in financing led by AEX
DMEX, a decentralized financial platform for computing power, announced that it has received US$1 million in financing led by the cryptocurrency exchange AEX, and investment institutions such as LinkVC, Zhizhen Capital, and Lianxiang Capital followed suit. DMEX plans to introduce BHP into the DeFi field, and upgrade from version 1.0 of BHP to 2.0 joint mining. The underlying logic is to securitize HHP assets to maximize the asset circulation of investors. DMEX represents The coin is expected to be officially listed on the Huobi Heco chain decentralized exchange MDEX on February 15, starting liquidity mining.
global policy
global policy
According to the Ministry of Industry and Information Technology, in order to promote the implementation of the national big data strategy, accelerate the cultivation of the data element market, and improve the supply capacity and development level of big data, the Ministry of Industry and Information Technology will organize the application of pilot demonstration projects for the development of the big data industry in 2021. The declaration and implementation guidelines propose to encourage innovative applications of big data in risk control management and digital currency in the financial field; to encourage first-hand trials in the development of standards in the medical field and the breaking down of data barriers. Encourage the exploration of a number of new methods, new models, and new mechanisms for cross-field, cross-industry, and cross-departmental data fusion applications in fields with relatively good informatization foundations such as the Internet, energy, and communications.
Character·Voice
Character·Voice
Goldman Sachs Chief Investment Officer: Wild price fluctuations prove that Bitcoin is not a real unit of value