Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

Produced by Odaily

In the progress of overseas star projects last week, it is worth noting that Filecoin officially announced that the preparations for the testnet reward plan are expected to be completed on July 6; 0.5 COMP dropped to 0.44 COMP; the DeFi project DMM completed a token sale of USD 6.5 million.

The following are overseas project progress and financing events:

Star Project Progress

The following are overseas project progress and financing events:

Star Project Progress

Cardano will release a new version of Daedalus wallet next week, adding balance query function

The Cardano development team IOHK said in its weekly update that a new version of the Shelley wallet Daedalus will be released next week. The new version of Daedalus will include a balance query function, allowing any ADA staked on the ITN network (Cardano’s fast test network) to hold to check their reward balance. In addition, the new version of Daedalus wallet will also include staking and delegation functions for testing the use of ADA on the test network. This function will not be enabled in the first version, but the complete Daedalus wallet experience has gradually taken shape . According to IOHK, users are currently unable to download the Daedalus wallet, and will be notified in time when the download is available.

Telegram Says It Repaid TON Investors $1.2 Billion

Telegram CEO Pavel Durov said he has repaid about $1.2 billion to investors in the abandoned TON blockchain project following an out-of-court settlement with the U.S. SEC. Durov added that it was clear that there was little point in prolonging the legal proceedings and that his company was "pleased to have concluded the proceedings without admitting wrongdoing". Durov concluded by saying that Telegram will "continue to develop other projects and continue to innovate," and hopes that U.S. regulators will adopt a more favorable attitude towards blockchain technology and related companies in the future.

The preparations for the Filecoin testnet reward program are expected to be completed on July 6

The decentralized storage project Filecoin stated that the preparations for its testnet reward plan are expected to be completed on July 6. The test preparations are mainly carried out from the three aspects of upgrading the promised capacity to real data, packaging multiple transactions, and fast retrieval (follow-up may Newly added, the preparation period ends 2 weeks before the launch of the test plan. According to previous news, through the testnet reward plan, miners around the world can compete to obtain global and regional rewards totaling 4 million Filecoin tokens.

• Compound Governance Proposal 010 Passed

• Compound Governance Proposal 010 Passed

Adjust the COMP output speed from 0.5 COMP to 0.44 COMP per Ethereum block. In the COMP distribution plan, each Ethereum block will transfer 0.5 COMP (about 2880 COMP per day), but this plan is based on the estimated block time of the Ethereum network of 15 seconds, and the current average The block generation speed is about 13.1 seconds, resulting in a daily output of about 3297 COMP. Reducing the amount of COMP transferred out of each block can control the daily COMP output at the expected level of 2880.

Increase the coefficient of mortgage BAT, ZRX and REP to lend other assets from 10% to 50%.
DeFi Project DMM Completes $6.5 Million Token Sale

DeFi Money Market (DMM), a DeFi project backed by well-known investor Tim Draper, has completed a $6.5 million token sale.

This morning, there was an "interlude" in DMM's public offering. DMM's official Twitter said that during the public offering, its Telegram group was maliciously hijacked, and the attacker impersonated the DMM Foundation for the purpose of stealing funds. For those who were cheated in the token sale, the corresponding DMG amount was compensated. Those who want to make sure that all funds lost are compensated accordingly. After carefully researching the on-chain transactions to find the affected people, a total of $40,000 in DMG was sent to the affected people at a price of $0.40 per DMG.

Circle will issue stablecoin USDC based on Algorand blockchain

On June 24, the Algorand Foundation announced a partnership with Circle to issue USDC on the Algorand chain. USDC is based on the open standards and governance framework developed by Center Consortium (a company jointly invested and operated by Coinbase and Circle), and realizes the stable currency fully collateralized by the US dollar.

Through the partnership, Circle will support the issuance of Algorand’s version of USDC, allowing Circle merchant accounts and Circle API customers to easily transfer funds as digital dollars to the Algorand chain between traditional banks and card networks. Customers will be able to host and manage accounts and payment activity through the Circle API, and enjoy the advantages of Algorand in terms of speed, security and throughput.

Kyber Network becomes the Bancor V2 startup pool, and the Bancor V2 code is expected to be deployed to the mainnet in July

Bancor, a decentralized liquidity network, recently announced that Kyber Network (KNC) has become the launch pool for Bancor V2. Bancor V2’s new KNC reserve pool will allow KNC holders to provide liquidity and receive a portion of the KNC reserve pool’s transaction fees while maintaining their long position in KNC. The Bancor V2 code is currently undergoing audit and stress testing by the Consensys Due Diligence and 1inch.exchange teams and is expected to be deployed to the mainnet in July.

Celer Network updates the roadmap and will update the token economic model in the third quarter

Please refer to the OdailyETH weekly report

The latest developments in ETH

Please refer to the OdailyETH weekly report

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Please refer to OdailyBTC Weekly Report

Investment and financing overview

AVA completes USD 12 million token private placement financing, led by Galaxy Digital, Bitmain, etc.

Avalanche Protocol AVA Labs completed a $12 million private placement of AVAX tokens. Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures, and Dragonfly Capital led the investment, and Fundamental Labs, Continue Capital and other institutions and individuals participated in the investment. At present, the financing amount of AVA has reached 18 million U.S. dollars. Last year, AVA received 6 million U.S. dollars in financing from a16z, Polychain Capital and other institutions.

AVA Labs co-founder and chief operating officer Kevin Sekniqi said the new capital will be used to further develop the AVA blockchain network, whose mainnet is expected to launch in July. AVA’s public token sale will begin on July 8 and will last at least two weeks. “A total of 7 million Avalanche tokens are available for purchase by eligible participants. If all 7 million tokens are sold within the first week, a second batch of 5 million tokens will be made available to the public.”

Blockchain startup Fluree receives strategic investment from Ridgeline Ventures and others

Blockchain startup Fluree receives strategic investment from Ridgeline Ventures and others

Blockchain start-up Fluree recently announced that it has received strategic investment, reached multiple corporate partnerships, and its blockchain integration continues to grow. Fluree received additional strategic investment from Ridgeline Ventures, Engage VC and Good Growth Capital for an undisclosed amount.

Fluree recently announced a strategic partnership with Wake Forest Digital Health Group that involves building clinical data management tools using visual analytics and graph database technologies. Fluree has signed a contract with the U.S. Air Force to build a blockchain-backed encrypted (encrypted) distributed graph database for secure, multi-domain command and control communications.

African bitcoin start-up Wallet Africa receives investment from Mozilla Corporation and others

Recently, African Bitcoin startup Wallet Africa announced that it has received investments from Mozilla Corporation, 9Yards Capital, Samurai Incubate and Y Combinator CEO Micheal Seibel. Previously, Y Combinator purchased a 7.5% stake in Wallet Africa for $150,000. It is reported that "Wallet Africa" ​​is headquartered in Lagos, Nigeria, and is committed to solving cross-border payment problems, so it supports Bitcoin.

W3BCloud, a joint venture between AMD and ConsenSys, completes $20.5 million in financing

W3BCloud, a joint venture between chipmaker Advanced Micro Devices (AMD) and blockchain software company ConsenSys, has raised $20.5 million to launch a global network of decentralized data centers. Wael Aburida, co-founder and chief information officer of W3BCloud, said in an interview that the company plans to have 40 data centers in operation within four years, at least one of which is located in Ireland.

Braintrust Completes $6 Million Seed Funding

Braintrust, a freelancing marketplace for companies looking for professionals, exited confidential mode on Wednesday and raised $6 million in seed funding, with participation from True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures, and Vy Capital. The company will use blockchain technology to cut out middlemen in hiring decisions.

It is reported that the Braintrust governance model is a variant of Compound, and its new network model that minimizes fees and brings value to users will be supported by Braintrust Token. It is reported that the token is based on Ethereum’s ERC-20 token standard and will allow users to set management parameters of the platform and make payments based on actions such as successful referrals.

Options trading platform Sparrow completes US$3.5 million in Series A financing led by HDR Group, the parent company of BitMEX

Singapore options trading platform Sparrow announced the completion of US$3.5 million in Series A financing, led by HDR Group, the parent company of BitMEX, with participation from Signum Capital, Du Capital and FinLab EOS VC.

On-chain options platform Opyn completes $2.16 million in financing led by Dragonfly Capital

On-chain options platform Opyn announced the completion of $2.16 million in financing, led by Dragonfly Capital. Other investors included Version One Ventures, Uncorrelated Ventures, 1kx, A. Capital, DTC Capital, CoinFund, and individual investors Balaji Srinivasan and Robert Leshner (CEO of Compound), Dylan Field and Linda Xie, among others. Opyn said it will use the funds to expand the team, recruit core staff, and further develop the protocol and improve security.