| Ethereum delays difficulty bomb; Celsius will continue to suspend withdrawals, exchanges and account transfers (June 16)
headlines
Ethereum will undergo a hard fork upgrade to delay the difficulty bomb by about 2-3 months
Earlier news, Ethereum developer Tim Beiko said that Ethereum is expected to merge between late August and November, and only catastrophic events or failures can prevent this year's merger. It is almost impossible to give an exact date when the merger will take place because of the technical issues involved. Additionally, there are signs that developers are delaying Ethereum’s difficulty bomb as they are currently fixing bugs they found during the Ropsten merger.
Earlier news, Ethereum developer Tim Beiko said that Ethereum is expected to merge between late August and November, and only catastrophic events or failures can prevent this year's merger. It is almost impossible to give an exact date when the merger will take place because of the technical issues involved. Additionally, there are signs that developers are delaying Ethereum’s difficulty bomb as they are currently fixing bugs they found during the Ropsten merger.
Celsius will continue to suspend withdrawals, exchanges and transfers
Additionally, if a user receives a margin call, they need to reply to the margin call email as soon as possible to let the lending team know if the user will add more collateral or repay the loan.
According to previous reports, Zhu Su, the founder of Three Arrows Capital, tweeted that we are communicating with relevant parties and are committed to solving the problem. Previously, there were rumors in the market that Sanjian Capital was suspected of operating and repayment problems due to market fluctuations. Yesterday, Three Arrows Capital exchanged 17,780 stETH for 16,625 ETH, and exchanged all of them for nearly 20 million DAI.
Industry news
Industry news
Major DeFi lending agreements have liquidated over $94 million in the past 24 hours
According to data from Dune Analytics, mainstream DeFi lending agreements have liquidated over US$94 million in the past 24 hours. Among them, Aave liquidated $46.228 million, Compon liquidated $45.48 million, and MakerDAO liquidated $2.463 million.
El Salvador has now lost $52.5 million in Bitcoin
Bitcoin holdings in El Salvador are currently valued at $51.5 million, and the country has invested $104 million in bitcoin for its treasury since adopting bitcoin as legal tender last September. In other words, the Bitcoin assets held by El Salvador have lost 52.5 million US dollars.
According to previous reports, El Salvador’s Finance Minister Alejandro Zelaya said that the loss of Bitcoin poses a very small risk to the country’s financial situation, noting that the amount is less than 0.5% of the government budget. (CoinDesk)
Project News
Project News
The STEPN app will only support iOS 13 and Android 9 operating systems in the future
STEPN posted an update on phone/OS support on Discord. STEPN would like to assure players that it is committed to continuously enhancing the STEPN app. Its goals include better compliance, security and operability, but also to "get rid of the dependence on GPS data transmission and storage". Instead, STEPN plans to implement localized edge computing for anti-cheat verification in the near future.
The STEPN app will only support iOS 13 and Android 9 operating systems in the future
Volt Protocol, an anti-inflation stablecoin protocol, announced that it has launched Arbitrum, the second-tier expansion solution of Ethereum. Users can use the Peg Stability Module (PSM) on Arbitrum to mint and exchange VOLT to obtain DAI or USDC. The average transaction cost is 5 times lower than that of the Ethereum mainnet. .
Volt said that the VOLT infrastructure deployed on the Ethereum mainnet is also deployed on the Arbitrum network. The VOLT system on the Ethereum mainnet operates independently of the system on Arbitrum, but the two VOLTs are interchangeable and can be exchanged on either network . The anchor price and target price of VOLT are the same on the Ethereum mainnet and the Arbitrum network. PSMs on Arbitrum will charge a minting fee of 0.5% and a redemption fee of 0.05%.
Merit Circle community votes to terminate SAFT agreement with YGG and buy back tokens
The Merit Circle community of the chain game association voted to terminate the SAFT agreement with Yield Guild Games (YGG). Merit Circle DAO bought out the investment shares of YGG and Nifty funds at a price of 0.32 US dollars per coin, a total of 5,468,750 MC tokens, totaling 1.75 million USDC.
Merit Circle community votes to terminate SAFT agreement with YGG and buy back tokens
According to the latest blog published by Layer2 protocol Loopring, Loopring has now integrated with GameStop Wallet, a wallet launched by American video game retailer GameStop (Game Station).
Metaverse GameFi and NFT
Metaverse GameFi and NFT
APENFT Marketplace launched the TRON 101 plan, with a $90 million fund to support the NFT ecosystem
The TRON·101 plan launched this time can be seen as a continuation and upgrade of the competition. The platform puts forward stricter requirements for the application projects. Projects that pass the screening and assessment will receive a financial reward of 20,000 US dollars and subsequent ecological support.
News CoinMetrics analyst Kyle Waters tweeted that in the past 24 hours, StarryNight, an NFT fund supported by Three Arrows Capital, has emptied a total of 70 collectibles on the SuperRare platform. Since last August, the fund has spent more than $21 million buying these NFTs.
OpenSea will migrate to the new protocol Seaport, which is expected to reduce Gas costs by about 35%
OpenSea has added support for displaying rarity percentage, filtering floor price and highest price by attribute, etc. OpenSea also said that new features such as batch listings (allowing the purchase of multiple NFTs in one transaction) will be rolled out soon.
In addition to reducing gas costs, moving to Seaport will allow OpenSea to eliminate new user startup fees, allow users to quote entire collections, and make their wallet signatures easier to read and understand.
OpenSea has added support for displaying rarity percentage, filtering floor price and highest price by attribute, etc. OpenSea also said that new features such as batch listings (allowing the purchase of multiple NFTs in one transaction) will be rolled out soon.
Investment and Financing
Tellie, a developer of Web3 creator tools, announced the completion of a $10 million Series A round of financing, with participation from Malibu Point Capital, Galaxy Digital, Osage Venture Partners, Dapper Labs, SXSW Innovation Fund, Gaingels, Corazon Capital, TQ Ventures, and Upfront Ventures. Funding funds will be used to launch the Tellie Collections NFT marketplace on Polygon. (PRNewswire)
NFT infrastructure startup NFTPort completed a $26 million Series A round of financing, co-led by Taavet, co-founder of Wise, Sten, co-founder of Teleport, and Atomico, a European venture capital firm. As part of the deal, Tamkivi will also join NFTPort as a co-founder. Funds raised will be used to expand its platform and support more blockchains.
It is reported that NFTPort is headquartered in Estonia, and it helps developers quickly build NFT-based applications through infrastructure construction. (The Block)
Web3 Startup DAOLens Completes $5 Million Financing Led by Nexus Venture Partners and Others
Web3 startup DAOLens announced the completion of $5 million in financing, led by Nexus Venture Partners, Better Ventures and iSeed II, Coinbase board member Gokul Rajaram, Polygon co-founder Sandeep Nailwal, Solana co-founder Raj Gokal, Animoca Brands vice president Simon Doherty and Tribe Capital co-founder Arjun Sethi and others participated in the investment. Funds raised will be used for product development, talent acquisition, and to fuel subsequent rollouts of its tool stack.
It is reported that DAOLens was founded by Vikram Aditya and Apoorv Nandan in January 2022, aiming to help companies with onboarding, contribution management and other work to simplify the operation process of DAO.
Tellie, a developer of Web3 creator tools, announced the completion of a $10 million Series A round of financing, with participation from Malibu Point Capital, Galaxy Digital, Osage Venture Partners, Dapper Labs, SXSW Innovation Fund, Gaingels, Corazon Capital, TQ Ventures, and Upfront Ventures. Funding funds will be used to launch the Tellie Collections NFT marketplace on Polygon. (PRNewswire)
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The official account of the Shenzhen Cultural Property Rights Exchange released the "Access Standards for Intermediary Service Agencies of the National Cultural Big Data Trading Center (Provisional)". The standard stipulates that the intermediary service agencies of the National Cultural Big Data Trading Center cannot engage in NFT and digital collection business when they enter the market, or promise not to engage in NFT and digital collection business after entering the market
Compound Labs CEO and founder Robert Leshner tweeted that I became the founder of DeFi (project) to create a more transparent, more autonomous, and safer financial system. Watching UST, Celsius, Three Arrows Capital, and many more companies take off, all of which are opaque and trust-based, reaffirms the need for decentralized finance.
Bill Gates slams cryptocurrencies and NFTs as scams based on "Big Fool Theory"
Billionaire Bill Gates (Bill Gates) repeated past criticisms of digital assets at a climate conference hosted by TechCrunch on Tuesday, calling cryptocurrency projects such as NFTs a scam "based on the Boss theory."
