headlines
Boston-based State Street Bank (State Street) announced that it has partnered with British crypto custody company Copper to launch crypto custody services, which will be handled by its subsidiary State Street Digital. Subject to regulatory and other approvals, State Street Digital will launch an institutional-grade digital custody product in which customers can store and settle their digital assets, according to a State Street announcement. State Street emphasized that its crypto custody product is also “subject to regulatory approval.” (The Block)
cryptocurrency
Bitfinex will soon list Shyft (SHFT), Hi Dollar (HI) and Polkacity (POLC)
Data: OpenSea's daily transaction volume has dropped by more than 70% from its high point
From the end of December 2021 to the beginning of February 2022, NFT has seen a significant increase in traffic and Google search interest, and the daily trading volume of OpenSea once reached about 250 million US dollars.
Cosmos EVM network Evmos blockchain may be reset to restart
PieDun: $DAOKing-Lucky DAO is a scam project
According to official news, the EGL team announced the termination of the EGL project. The EGL team stated that after nearly 2 years of design, modeling, implementation, deployment, testing, and management, the team believes that terminating the EGL project and returning all staked ETH is in the best interest of the community because "many members of the community strongly believe that using Tokens to manage ETH are inherently flawed.”
GameFi and NFTs
NFT project "Boring Ape" BAYC donates $1 million to Ukraine's official Ethereum wallet
The Bored Ape Yacht Club (BAYC) announced on Twitter that it has donated 388.999 ETH (about $1 million) to the official Ukrainian Ethereum wallet address. According to the ranking data of the NFT market OpenSea, BAYC is currently the second largest NFT collection by transaction volume, with registered secondary market sales exceeding 417,000 ETH ($1 billion). According to data compiled by Merkle Science, Ukraine has so far received more than $88 million worth of cryptocurrency donations, of which ETH is worth about $7 million.
E-commerce giant Shopify replaces Twitter avatar with Doodles NFT works
On March 9, the e-commerce giant Shopify replaced its Twitter avatar with a Doodles NFT work.
Investment and Financing
Investment and Financing
Multi-chain automated market maker Swim Protocol completes $4 million in financing, led by Pantera Capital
Duet Protocol, a multi-chain synthetic asset protocol, completed an additional $2 million private placement round of financing
Singapore-based fintech platform Cake DeFi has launched its venture capital arm, Cake DeFi Ventures (CDV), with $100 million in dedicated funding. Cake DeFi Ventures (CDV) is seeking to invest in technology startups in the Web3, Gaming and Fintech sectors, especially in the Metaverse, NFT, Blockchain and Esports industries. At the time of CDV's founding, the company was in early-to-late-stage negotiations with several global startups including Southeast Asia, the US, and Europe. As its first strategic investment, Cake DeFi has chosen The Edge Of Company, a tech, media and event startup that has been building a community and ecosystem for the NFT and Web3 space. (Finextra)
Web3 infrastructure company EthSign completed a $12 million seed round of financing, with participation from three funds from Sequoia Capital
Encrypted wallet application WalletConnect completed an $11 million Series A round of financing, co-led by Union Square Ventures and 1kx, with angel investors including Coinbase Ventures also participating in the round. Funds raised will be used to help WalletConnect become a decentralized Web3 information layer. To this end, WalletConnect is building two new protocols - a direct messaging protocol and a push notification protocol. (The Block)
global regulation
EU Confirms Sanctions on Russia, Belarus Will Extend to Crypto Assets
The European Union has clarified that sanctions against Russia and Belarus have been extended to crypto assets. Crypto assets fall under the category of “transferable securities” and are therefore explicitly included in the scope of the sanctions.
UAE Sheikh: UAE Government Has Passed Virtual Assets Law
UAE Sheikh HH Sheikh Mohammed tweeted that the UAE government has passed virtual asset laws and is now seeking to participate in this fast-growing global industry.
Biden’s encryption administrative decree was exposed, proposing for the first time that “all officials” should assess the risks and pros and cons of encrypted assets and technologies
The bill will be released at 19:00 Beijing time. (The Block)
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Bloomberg: Binance is negotiating to obtain a virtual asset service provider license in Dubai
A person familiar with the matter said that Binance Holdings is negotiating to obtain a virtual asset service provider license in Dubai. If it goes well, Binance will operate locally.
In December 2021, Binance signed an agreement with the Dubai World Trade Center Authority (DWTCA) to help Dubai build a global virtual asset industry center.
Changpeng Zhao: Binance is seeking to acquire traditional market businesses to expand the crypto market
Binance founder Zhao Changpeng said in an interview that Binance is looking to acquire non-encrypted businesses that operate in traditional markets. Earlier, the company announced the acquisition of a stake in Forbes magazine for $200 million.
"We want to invest in one or two targets in each economic sector and try to bring them into the crypto space," said Changpeng Zhao, who said pushing one company in an industry such as media to accept cryptocurrencies would intensify competition and force other existing groups to do the same Do.
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