headlines
Canaan Technology's first-quarter financial report: revenue exceeds 400 million yuan, and overseas revenue accounts for nearly 80%
On June 1, Canaan Technology (NASDAQ:CAN) released its financial report for the first quarter of 2021. The financial report shows that thanks to the increase in the number of bitcoin mining machines delivered in the first quarter, Canaan Technology’s revenue in the first quarter was 402.8 million yuan (RMB, the same below), a year-on-year increase of nearly 4.9 times and a quarter-on-quarter increase of 9.5 times. From the perspective of revenue structure, the company's revenue from overseas markets accounted for 78.4% of total revenue in the first quarter of 2021, compared with only 4.9% in the same period in 2020. The company's gross profit in the quarter increased from RMB 2.39 million in the same period of 2020 and RMB 9.09 million in the fourth quarter of 2020 to RMB 194.2 million, and the gross profit margin increased from 3.5% in the same period of 2020 and 23.8% in the fourth quarter of 2020 to 48.2%.
Decentralized Exchange Protocol 0x Protocol Launches DEX Liquidity Aggregator API on Polygon
Ethereum's second-layer solution zkSync 2.0 launched the alpha version of the zkEVM test network
According to official news, Matter Labs, an Ethereum expansion project, announced that zkSync 2.0, the second-layer solution for Ethereum, has launched the Alpha version of the zkEVM test network. Users can already use the block browser to view activities on zkSync 2.0. The main achievements of this version include the completion of the zkEVM instruction set; smart contracts written in Solidity and Zinc can now be compiled into zkEVM bytecode; complete full-node integration, and the ability to successfully deploy and execute compiled smart contracts. Matter Labs said that when the zkEVM and node 2.0 version editor are 100% complete, access to zkEVM, editor and core SDK will be opened.
digital currency
Decentralized Exchange Protocol 0x Protocol Launches DEX Liquidity Aggregator API on Polygon
The decentralized exchange protocol 0x Protocol has launched a DEX liquidity aggregator API on Polygon. The 0x API on Polygon has major Ethereum-based DEX liquidity channels, such as SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh. (Cointelegraph)
BitMEX and Human Rights Foundation Grant $150,000 to Researchers to Help Scale Bitcoin
Lightning Labs developers working on new protocol concepts for the Lightning Network
According to Alex Bosworth, lead developer at Lightning Labs, a new protocol concept called 805805 is being worked on for the Lightning Network. The idea includes: 1. Nodes should act as small storage, and routing should be just one of many services; 2. Providing Lightning Network (LN) services does not require clearnet or Tor, only Lightning Network; 3. All information should be monetized , there is no free lunch.
Block.one CEO Slams ADA Token Distribution Mechanism
Mike Novogratz founded NFT company Candy Digital and reached a cooperation with Major League Baseball
After teaming up with Fanatics chairman Michael Rubin and Belarusian-American entrepreneur Gary Vaynerchuk, Galaxy Digital CEO Mike Novogratz has launched a new company called Candy Digital, focusing on NFT and digital collectibles. The company has already partnered with Major League Baseball (MLB) for the first time. In April, MLB also partnered with Topps to launch its first NFT collectible. It is reported that Candy Digital’s token sale will be driven by Palm, an Ethereum-based platform. (U. Today)
Encryption industry media Rekt returns 100,000 DAI donated by hackers to PancakeBunny
secondary title
Blockchain industry
The National Blockchain and Distributed Accounting Technology Standardization Technical Committee (SAC/TC590) was approved to be established
The China Seal Industry Association released the blockchain digital seal industry standard
Panther Protocol, a DeFi end-to-end privacy protocol, announced the completion of $8 million in private placement financing. Investors include Alphabit Fund, Arcanum Capital, Black Dragon, Deep Ventures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital, and Titans Ventures, etc. More than 140 participants. The funding will be used to develop protocols that interoperate with a range of DeFi applications. It is reported that Panther Protocol will allow users to mint guaranteed privacy-preserving synthetic assets 1:1, including zBTC, zETH and zUSDT, which can be used across various DeFi applications. Utilizing zk-SNARKs, such assets can obfuscate all information involved in on-chain transactions, including wallet addresses and assets being traded. (Crypto Briefing)
Investment and Financing
DeFi end-to-end privacy protocol Panther Protocol completes $8 million private placement financing
Panther Protocol, a DeFi end-to-end privacy protocol, announced the completion of $8 million in private placement financing. Investors include Alphabit Fund, Arcanum Capital, Black Dragon, Deep Ventures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital, and Titans Ventures, etc. More than 140 participants. The funding will be used to develop protocols that interoperate with a range of DeFi applications. It is reported that Panther Protocol will allow users to mint guaranteed privacy-preserving synthetic assets 1:1, including zBTC, zETH and zUSDT, which can be used across various DeFi applications. Utilizing zk-SNARKs, such assets can obfuscate all information involved in on-chain transactions, including wallet addresses and assets being traded. (Crypto Briefing)
It is reported that Automata Network is a decentralized middleware protocol that provides middleware-like traceless privacy services for DApps on Ethereum and Polkadot to achieve privacy, precision and frictionless calculations.
DeFi oracle protocol Lithium Finance raises $5 million led by Pantera Capital and Hashed
DeFi protocol Lithium Finance completed a $5 million financing, led by Pantera Capital and Hashed. Other investors include Alameda Research, OKEx Blockdream Ventures, Huobi Ventures, NGC, LongHash, and Genesis Block. The funding will be used to build a decentralized data oracle focused on private asset pricing.
According to official news, Automata Network, a decentralized middleware protocol, completed a strategic round of financing of US$ 2.4 million, with participation from KR1, IOSG Ventures and Jump Trading.
It is reported that Automata Network is a decentralized middleware protocol that provides middleware-like traceless privacy services for DApps on Ethereum and Polkadot to achieve privacy, precision and frictionless calculations.
Pandora Protocol, an NFT trading platform, announced the completion of a $2.4 million seed round and private placement round of financing. Genesis Block, Spark Digital Capital, AU21, x21, NGC, Zokyo Ventures, Exnetwork, A195, Protocol Ventures, Genblock, Magnus Capital, Chain Asset Capital, Amesten, Crypto Dorm Fund, Master Ventures, and Bitcoin.com CEO Danish Chaudhari participated in the investment.
According to official news, Symmetry, a decentralized encryption index protocol based on the Solana blockchain, announced the completion of the first round of financing. Alameda Research led the investment, and Coin98 Ventures, Genesis Block Ventures, Rarestone Capital, ROK Capital and others participated in the investment.
global policy
Thailand's SEC announces it will regulate DeFi
Thailand’s Securities and Exchange Commission (SEC) has announced that any activity related to DeFi may require a license from the financial regulator in the near future. Thailand's SEC has made it clear that it will target DeFi protocols that issue tokens. The regulator stated that the issuance of digital tokens must be authorized and supervised by the Securities and Exchange Commission, and issuers must disclose information and provide tokens through token portal portals licensed under the Digital Assets Act.
Riksbank Governor Stefan Ingves said bitcoin and other cryptocurrencies are unlikely to escape regulation. When things like consumer interests and money laundering come into play, there are good reasons to believe regulation will happen. (Bloomberg)
Character·Voice
Former U.S. CFTC Chairman: USDT's value drop may have a catastrophic impact on the encryption market
Dallas Mavericks Owner: Ethereum Facilitates Further Development of Cryptocurrencies
Goldman Sachs Executive: Bitcoin Is 'Definitely' a Risk Asset, Not a Safe Haven
