| Ethereum will phase out the terms "Eth1" and "Eth2"; BAYC is rumored to be raising funds at a $5 billion valuation (January 26)
headlines
headlines
The Ethereum Foundation announced that it will retire the terms "Eth1" and "Eth2" and replace them with "execution layer" and "consensus layer"
At the end of 2021, the core developers have stopped using the term and replaced both with "execution layer" and "consensus layer" respectively. The execution layer is where all smart contracts and network rules reside, while the consensus layer ensures that all devices contributing to the network behave according to the rules and penalizes those that do not. After the consensus layer is ready to replace the current mining system, the two layers will merge into regular Ethereum.
BAYC parent company Yuga Labs is rumored to be raising money at a $5 billion valuation
According to official news, MakerDAO Growth released a liquidation review last Friday (January 22). Last Friday, the price of ETH fell by about 12% and fell below $3,000. During the market sell-off on January 21-22, 139 liquidations were triggered. During this period, Dai auction volume grew to 145 million. 119 million Dai was liquidated on January 22. Considering all ETH-A, ETH-B, and ETH-C vault types, there were 106 liquidations with ETH as collateral, accounting for 76% of all liquidations.
cryptocurrency
cryptocurrency
BIS Innovation Center to Develop DeFi Products in 2022
Of the 17 projects that have already been launched or will be launched in 2022, 13 involve CBDCs. The bank is also setting up a new project led by its Hong Kong center that will "explore whether DeFi technologies - blockchain, tokenization, smart contracts and customer identification - can improve financing for SMEs." (Crypto Briefing)
Charles Schwab Considers Applying for a Bitcoin and Crypto Spot ETF
Financial services giant Charles Schwab is considering applying for a bitcoin and crypto spot ETF. (Bitcoin Magazine)
Twitter is expanding its encryption team, will focus on creator monetization
The position is described as part of a new team at Twitter exploring "decentralized technologies, including blockchain, encryption, and Web3." The position is more focused on the creator income part, "especially the creator's profitability. We will pay close attention to NFT and NFT tools, social tokens, DAO, etc."
Grayscale lists 25 cryptocurrencies as "assets under consideration"
According to the official announcement, Grayscale announced that in the "assets under consideration" column, it has listed some digital assets that are not currently included in its investment products, but as part of the exploration of this field, we have noticed these digital assets, and The team has determined that these digital assets may be incorporated into future investment products. With the latest update in January 2022, we have added one asset in the product family column and 25 assets in the "asset under consideration" column (pictured).
Coinbase launches simplified tax filing service
According to official news, Coinbase on Monday announced the launch of a new "Tax Center," which shows users' taxable activities, including short-term and long-term gains and losses. U.S. taxpayers must report cryptocurrency sales, conversions, payments, and income to the Internal Revenue Service (IRS), and these transactions may be taxed as capital gains/losses or as regular income.
Solana mainnet v1.8.14 has solved the problem of network congestion caused by arbitrage robot spam
According to previous news, Solend, the Solana ecological lending agreement, released a network interruption analysis report on January 24, which explained why Solana suffered from network instability and interruptions that lasted for nearly 30 hours from January 21 to 22. It is reported that the root cause of this outage is that the collapse of the cryptocurrency market created a large number of arbitrage opportunities, so liquidation bots and arbitrage bots began to submit a large number of transactions to win liquidation and transactions. As a result, a large amount of spam was sent to the Solana network causing severe load. On the other hand, the Solana blockchain itself has some problems. For example, its network does not have the ability to filter duplicate transactions, resulting in thousands of duplicate robot transactions that also overwhelm legitimate user transactions.
The Aave community proposal proposes to deploy Aave V3 on the Avalanche C-Chain
According to official news, the Aave community initiated a proposal to deploy Aave V3 in the Avalanche C-Chain.
Acala Network mainnet launched on Polkadot
Acala Network announced its official launch on Polkadot. Dan Reecer, the chief growth officer of the team, said that Acala is continuing to develop towards the HyFi (hybrid finance) vision, connecting Web2 financial technology and DeFi, and bringing higher returns to non-encrypted users .
AC announced on Medium that its new Fantom ecological project, Solidly, had completed a snapshot on January 23, and announced 20 projects that will receive veNFT.
NFT
secondary title
ZORA, the NFT market protocol, announced the launch of version V3, which allows creators to obtain royalties and integrates royalty registration, which means that NFT owners can configure their royalties on the Zora Marketplace Protocol. ZORA V3 is a one-way deployment, meaning that even if the platform crashes, the market will still function normally because the order book is run on-chain, not the database. In addition, the Gas fee mechanism and development tools have been optimized. The team said it also created a new ownership structure in the form of Zora Fee Switch NFTs (ZORFs), owned by the Zora DAO.
Oasis, an NFT market based on Ethereum's expansion plan StarkNet, announced its launch
According to official news, Oasis, an NFT market based on StarkNet, an Ethereum expansion plan, announced its launch, which supports the initiation and acceptance of quotations, the sale of NFTs online, and the purchase of NFTs that have already been listed.
Several founders of DeFi projects changed their Twitter avatars to Crypto Coven series NFT today
According to previous news, on January 20, Kat Dennings, the star of the American drama "Bankrupt Girls", replaced her Twitter avatar with a Crypto Coven series NFT.
YouTube will explore NFT functionality for video creators
According to YouTube CEO Susan Wojcicki, YouTube is exploring adding NFT functionality to its video creators. Susan Wojcicki wrote in her annual letter to creators: "We have been focused on expanding the YouTube ecosystem to help creators take advantage of emerging technologies, including technologies such as NFT, while continuing to enhance and enhance the experience of creators and fans on YouTube. .” A YouTube spokesperson declined to say more about the site’s NFT plans. (Bloomberg)
Lamborghini reveals the mysterious artist behind its first NFT collection
According to Lamborghini (Lamborghini), it has cooperated with Swedish artist Fabian Oefner to jointly launch the NFT "Space Key". Lamborghini said Fabian Oefner was the "perfect man" for the project. Fabian Oefner said he is fascinated by the combination of the digital world and the real world. It is understood that Fabian Oefner's works embody the beauty of natural science, and have been exhibited in Paris, Copenhagen and other major European cities. Fabian Oefner's 2015 work titled "Disintegrating" shows pricey classic cars exploding into hundreds of pieces.
NIO distributes digital brooch NFTs to employees, a total of 15,500 pieces
According to reports, employees of Weilai can receive a commemorative brooch every year, which is designed on the basis of major events every year. What is different this year is that the employee broochs are distributed in two ways: physical objects and numbers.
South Korea’s Presidential Candidate Manifesto released in the form of NFT, now live on OpenSea
The manifesto of a major South Korean presidential candidate has been released as an NFT. According to Fn News, this series of NFTs consists of videos and was created by South Korea's largest news network YTN. In addition to the two main candidates — the ruling Democratic Party’s Lee Jae-myung and the opposition People’s Power Party’s Yoo Suk-yeol — YTN also created a video manifesto NFT featuring Ahn Cheol-soo of the People’s Party and Sim Sang-mo of the Justice Party.
John Lennon Music History Collection to be Auctioned as NFT
Wilber Pan posted the Innocent Cats NFT image on Instagram, Jay Chou, JJ Lin and other artists liked it
Industrial blockchain
Meituan, in cooperation with Bank of China, Agricultural Bank of China, China Construction Bank, Postal Savings Bank of China and other designated digital renminbi operators, launched a digital renminbi themed activity in Xi'an City, "Fighting the Epidemic and Helping Resume Work", and released to the public the smart money in designated areas of people's livelihood. The contracted digital renminbi red envelope subsidy has helped Xi'an speed up the resumption of work and production, and orderly restore the normal order of production and life in society. (Financial Association)
global policy
global policy
Russian Finance Minister: Cryptocurrencies Need Regulation, Not Ban
Regulation of the cryptocurrency market will make it possible to protect civil rights, Russian Finance Minister Ivan Chebeskov said on Tuesday. The first thing that should be done is to protect the interests of citizens, consumers of such services, those who buy these assets or use cryptocurrencies in some other process solution. In this regard, it seems to me that there is a need for regulation, not prohibition. Regulation will make it possible to support transparency and thus protect citizens.
Indonesian Financial Services Authority Bans Financial Firms from Promoting Cryptocurrency Sales
Thailand’s SEC is considering rules to ban digital assets as a means of payment. In addition, the Thai Securities and Exchange Commission may prohibit advertisements related to digital asset payments. Widespread use of digital assets poses risks, the Bank of Thailand said. (Golden Ten)
Investment and Financing
Investment and Financing
BFF's fund BFF II raised USD 75 million, with participation from NGC and LD Capital
Blockchain Founders Fund (BFF), an early-stage venture capital fund headquartered in Singapore, announced that its BFF II has successfully completed financing of US$75 million. Participating parties include NEO Global Capital (NGC), Appworks, Sebastien Borget (The Sandbox COO), GSR, LD Capital, Metavest Capital, TechMeetsTrader, Zipmex, Baksh Capital, Octava, Aria Group, etc.
Encryption service company BCB Group completes $60 million financing, led by Foundation Capital
It is understood that BCBGroup is headquartered in London and provides business accounts, payment services and foreign exchange custody services for encrypted customers such as Bitstamp, Coinbase and Kraken. The company plans to use the financing to form partnerships in the US and Singapore as well as to acquire SutorBank in Germany. (The Block)
Listed company Graph Blockchain acquires Niftable NFT company for $26 million
Canadian-listed blockchain company Graph Blockchain announced that it has reached an agreement to acquire Niftable Inc, an NFT company focused on charity, for $26 million. (Finance Magnates)
According to official news, Web3 credential data network Project Galaxy announced the completion of $10 million in financing, led by Multichin Capital and Dragonfly Capital, Spartan Group, Sky9 Capital, Coinbase Ventures, Binance Smart Chain Growth Fund, C-Squared Ventures, Lattice Capital, Mirana Ventures , Folius Ventures, Solana Ventures, Jump Capital, Alameda Research, Sfermion, HashKey, 6th Man Ventures, Zee Prime Capital, Smrti Labs, Mask Network, Draper Dragon, Injective Protocol, Cultur3 Capital, Matrixport Ventures, APE NFT, Republic Fund, Shima Capital, Evernew Capital and others participated in the investment.
News Functionland announced the completion of US$1.1 million in financing, with participation from Outlier Ventures, Protocol Labs, Master Ventures, and Delta Blockchain Fund. (PR News Wire)
character * voice
character * voice
V God released the roadmap leading to the "path to the end of single slot"
Vitalik, the founder of Ethereum, released the visionary article "Paths toward single-slot finality". Today, an Ethereum block takes 64-95 slots (about 15 minutes) to complete, which is considered to choose a medium on the decentralization/terminal time/overhead trade-off curve, in any dimension, the article said. Not a bad trade-off: 15 minutes is not too long, and comparable to confirmation times on existing exchanges, and it allows users to run nodes on regular computers, even at a deposit size of 32 ETH (vs. 1500 ETH earlier) In the case of a large number of verifiers generated. However, there are many good arguments for reducing finality time to a single slot.
Solana Co-Founder: Solana Network Is Going Through "Growing Pains"
Over the weekend, Solana users took to social media and Discord to complain of recurring issues. Transactions on the network become stalled, often taking much longer than normal to complete, or failing outright as the network struggles to maintain typical throughput levels measured in TPS.
