|ApeCoin is officially launched; Optimism completes $150 million in Series B financing (March 18)

headlines
ApeCoin is officially launched, 15% of the total supply will be airdropped to BAYC/MAYC NFT holders
ApeCoin (APE), the token associated with the Bored Ape Yacht Club (BYAC) NFT ecosystem, was officially launched. ApeCoin is a token for culture, gaming and commerce to build decentralized communities at the forefront of Web3.
ApeCoin is owned and operated by the decentralized organization ApeCoin DAO, each token holder can vote on the governance and use of the ecosystem fund, holding ApeCoin is the only requirement for ApeCoin DAO membership. This DAO is supported by the Ape Foundation, which was created to act as the legal steward of ApeCoin and manage decisions made by the ApeCoin DAO community.
The total supply of ApeCoin is 1 billion tokens, 62% of which will be distributed to the ApeCoin community, and the airdrop accounting for 15% of the total supply will be collected at 8:30 EST on March 17th (20:30 GMT). Airdrops will be provided to BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC dogs paired with BAYC or MAYC). Those who hold only 1 Bored Ape NFT can receive 10,094 APE; those who only hold Mutant Ape can receive 2,042; those who hold both Bored Ape and Kennel Club can receive 10,950; those who hold both Mutant Ape and Kennel Club can receive 2,898 pieces.
Hong Kong will set up a comprehensive regulatory system for the development of virtual assets
2022 Hurun Global Rich List released, Changpeng Zhao and SBF shortlisted
According to data monitoring by KingData, the address (0x4862733B5FdDFd35f35ea8CCf08F5045e57388B3) marked as Three Arrows Capital by KingData’s large account tracker increased its holdings by 40,500 ETH 9 hours ago, worth 112 million US dollars.
cryptocurrency
Digital Funds Submits Its First Digital Asset ETF Application, Plans to Launch a Spot Bitcoin ETF in the Future
Digital asset management firm Digital Funds has filed to launch its first digital asset ETF. The Digital Funds S&P 500 Bitcoin 75/25 Index ETF will invest approximately 75% of its assets in large U.S. companies within the S&P 500 Index and approximately 25% of its assets in Bitcoin futures contracts.
Changpeng Zhao Says Binance Is Considering Acquisition of Brazilian Bank and Payment Processor"Cryptocurrency exchange Binance is studying the acquisition of a Brazilian bank and payment processor, according to Binance CEO Changpeng Zhao. The company is also looking to strengthen its 100-person team in Brazil. The exchange plans to work closely with regulators and government agencies to find"in a healthy and collaborative manner
Promote the development of the cryptocurrency industry.
During his visit to Brazil, Changpeng Zhao met with regulators and politicians, including Joao Dória, the governor of the Brazilian state of São Paulo. It is reported that ongoing legislation in Brazil will require cryptocurrency exchanges to obtain proper licensing, which will require opening local offices or acquiring existing operators.
Coinbase launches Coinbase Pay to simplify wallet top-ups
Cross-border payment network Ripple will issue 1 billion XRP ($794 million) tokens as grants over the next 10-20 years to incentivize developers to create projects based on its payment-oriented distributed ledger.
Cross-border payment network Ripple will issue 1 billion XRP ($794 million) tokens as grants over the next 10-20 years to incentivize developers to create projects based on its payment-oriented distributed ledger.
Ripple was reportedly valued at $15 billion in January this year. The new funding announced today expands on a grants program the startup launched last year. It has previously provided more than $6 million in funding to more than 50 open source projects. (The Information)
DFINITY Founder Proposes $250M in Cryptocurrency Rewards to Speed End to Russia-Ukraine Conflict
DFINITY founder Dominic Williams proposed to speed up the end of the Russia-Ukraine conflict through smart contracts and $250 million worth of cryptocurrency rewards.
2. Implement new RPC software on RPC nodes to expand API services (PebbleDB and RAID) and improve efficiency. Using PebbleDB instead of LevelDB to process requests in memory, combined with RAID servers, reduces the memory consumption of the nodes from 90mb/s to only 7mb/s.
According to the official announcement, the Fantom Foundation announced that it will upgrade the Fantom protocol soon. Its near-term roadmap includes 3 upgrades:
1. Snapsync (snapshot synchronization): This will allow nodes to quickly download blocks from the network, reducing the storage space of the main network.
2. Implement new RPC software on RPC nodes to expand API services (PebbleDB and RAID) and improve efficiency. Using PebbleDB instead of LevelDB to process requests in memory, combined with RAID servers, reduces the memory consumption of the nodes from 90mb/s to only 7mb/s.
3. Implement flat storage for faster execution of smart contracts. The mainnet upgrade has been carried out from some nodes on March 14, and other specific schedules will be announced separately.
Foresight Ventures: 100-200 million US dollars will be reserved for investment in encrypted assets, NFT, blockchain and metaverse industries
Xunpaidun warning shows that the ElonaVsPutin project is a Rug Pull scam, and its token EVP fell by 99.78% within one hour. At present, the scammers have transferred 537 BNB to Tornado Cash.
GameFi and NFTs
Animoca Brands to Adopt ApeCoin in Secret Project Developed in Partnership with BAYC
Animoca Brands announced on Twitter that it will adopt ApeCoin in a secret project developed in cooperation with Bored Ape Yacht Club (BAYC).
According to previous news, Animoca Brands stated that the new project jointly carried out with the NFT project Bored Ape Yacht Club (BAYC) is in the first phase. Interested users can register at somethingisbrewing.xyz, which requires KYC certification after logging in with the address. It is worth mentioning that both parties pointed out that the new project is not a previously announced blockchain game.
Animoca Brands' mobile game Benji Bananas will transition to a P2E model, earning tokens can be exchanged for ApeCoin
According to official news, on March 17, Animoca Brands announced that its mobile game Benji Bananas will transition to a P2E model, and the tokens earned can be exchanged for ApeCoin.
Investment and Financing
Investment and Financing
Optimism Completes $150 Million Series B Funding at a $1.65 Billion Valuation
Lightweight Blockchain Protocol Mina Completes $92M Funding Led by FTX Ventures and Three Arrows Capital
Lightweight blockchain protocol Mina completes $92 million in strategic and private equity financing, led by FTX Ventures and Three Arrows Capital, Alan Howard, Amber Group, Blockchain.com, Brevan Howard, Bixin Ventures, Circle Ventures, Finality Capital Partners, LD Capital, Pantera, IOSG, etc. participated in the investment. Mina will use the funds to accelerate the adoption of zero-knowledge proofs.
The liquidity transmission protocol Stargate completed the STG auction, and 25 million USDC has been added to the start auction contract
KuCoin Labs announced a strategic investment in MojitoSwap, the first DEX project on the KCC chain, to help MojitoSwap improve its products, operations, brand and liquidity. This is also the first time that KuCoin Labs has directly invested in a KCC eco-native project.
London-based blockchain game startup Lava Labs completed a $10 million Series A round at a valuation of over $100 million. Dialectic led the round. Other investors include Animoca Brands, Dragonfly Capital, Merit, Circle, DeFiance Capital, Razer Computer, Weak Simp Cap, Dapper Labs and Maven11, and angel investors Santiago R Santos, Gabbi Dizon and Nick Chong.
Lava Labs will use the new funding to develop its first game, AFAR, a third-person arcade platformer where 25 players will compete against each other in a series of obstacle courses and shooting challenges.
Wombat Exchange Closes $5.25M Series A Funding Led by Animoca Brands and Hailstone Ventures
Wombat Exchange, a multi-chain stable currency exchange, announced the completion of Series A financing of US$5.25 million, with a post-investment valuation of US$70 million. This round of financing was led by Animoca Brands and Hailstone Ventures, with participation from BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital and CryptoWesearch. Funds from this round of financing will be used to accelerate Wombat’s product development and expansion plans.
Itheum, a decentralized multi-chain data brokerage platform, announced the addition of investors, with the financing amount rising from the initial US$1.5 million to US$4 million, including Elrond Foundation, Mechanism Capital, Woodstock, Ascensive Assets, Skynet EGLD Capital, MHC Digital Finance , ZBS Capital and Spark Digital Capital among other investors. (CoinQuora)
Third Time, an independent chain game studio, completed a $3.5 million seed round of financing, led by LVP, with participation from Reciprocal Ventures, Coinbase Ventures, 6th Man Ventures, Folius Ventures, Big Brain Holdings, and Maven Capital.
Double Protocol, an NFT rental market, announced the completion of a $1.5 million seed round of financing. Institutions and investors including Matrixport, Shima Capital, Youbi Capital, LucidBlue Ventures, Red Building Capital, Capital 6 Eagle, Plancker DAO, Loopring CEO Steve Guo, NGC founding partner Tony Gu, and Mr. Block participated in the investment.
According to reports, Double Protocol is an NFT rental market mainly for GameFi and metaverse assets. It uses its dual-role NFT standard to realize the separation of ownership and use rights of NFT assets. It currently supports virtual land leases in Decentraland.
KuCoin Labs strategically invests in MojitoSwap, a DEX project on the KCC chain
KuCoin Labs announced a strategic investment in MojitoSwap, the first DEX project on the KCC chain, to help MojitoSwap improve its products, operations, brand and liquidity. This is also the first time that KuCoin Labs has directly invested in a KCC eco-native project.
global policy
Powell: The plan to shrink the balance sheet will be announced as soon as May, and the speed of shrinking the balance sheet will be faster than last time
The Fed held a press conference on interest rates, and Powell said that if it is appropriate to take more action quickly, the Fed will take action. It will do so if inflation data show the need to raise rates faster. The balance sheet reduction plan will be announced in May at the earliest, and the framework of the balance sheet reduction plan will be similar to the previous one, and the speed will be faster than the previous one. In addition, the time to raise interest rates and shrink the balance sheet has arrived. The Fed will shrink its balance sheet to ensure that high inflation does not become entrenched, and inflation is expected to decline month-on-month.
New US bill bans crypto firms from doing business with sanctioned firms
Minutes of RBI meeting: There is no reason to allow cryptocurrencies to be legalized in India
US State of New Hampshire Passes Bill Favoring Digital Assets Like Bitcoin
Ammon and Majority Leader Jason Osborne issued a joint statement after the House passed HB 1503. In the statement, Councilman Ammon said he favors blockchain and cryptocurrency technology as a huge opportunity for job creation. Citing data, he said jobs related to the technology grew nearly 400% in the last year alone. "HB 1503 is New Hampshire's opportunity to be a leader in the industry, and I look forward to continuing our work on this legislation."
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Yao Qian: Web3.0 is a new generation of Internet that is gradually approaching
Yao Qian, Director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, published an article in "China Finance", saying that Web3.0 is a new generation of Internet that is gradually approaching.
With the current iterative innovation of various information technologies, the Internet is showing a trend of evolution to the next generation Internet. This evolution may lead to a new round of information revolution, which will further profoundly change people's life, work and all aspects of society.
Apple co-founder: skeptical of most cryptocurrencies
Ethereum Co-Founder: Solana Network Needs to Find a More Sustainable Business Model
Ethereum co-founder Joseph Lubin has questioned the sustainability of rival projects like the fast-growing Solana blockchain. Solana, which positions itself as a faster and cheaper alternative to ethereum, is paying out huge rewards to users for validating transactions on the network, compared to the revenue those transactions generate, Lubin said. Solana needs to "figure out a more sustainable business model for the network".


