| LFG once again purchased $230 million worth of BTC; Near Protocol raised $350 million (April 7)

Odaily资深作者

2022-04-06 23:40

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Axie Infinity development company Sky Mavis has completed $150 million in financing, and the new financing will be used to compensate users affected by the Ronin attack.

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According to Binance’s official announcement, Sky Mavis, the development company of Axie Infinity, completed a financing of US$150 million. Binance led the investment, and Animoca Brands, a16z, Dialectic, Paradigm and Accel participated in the investment. The new financing will be used to compensate user funds affected by the Ronin attack.

Near Protocol raised USD 350 million, led by Tiger Global, participated by FTX Ventures, Dragonfly Capital, etc.

Near Protocol announced the completion of US$350 million in financing, led by Tiger Global, with participation from Republic Capital, FTX Ventures, Hashed, and Dragonfly Capital. The new funding will be used to accelerate the decentralization of the NEAR ecosystem.
In January this year, Near Protocol completed a financing of US$150 million, led by Three Arrows Capital, Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th ManVentures, Circle Ventures, MetaWeb.vc (NEAR Ecosystem Fund), hedge fund giant Alan Howard, former ParaFi Capital partner Santiago Santos, and Aave founder Stani Kulechov participated in the investment. (CoinDesk)

Binance.US completes over US$200 million in seed round financing at a pre-money valuation of US$4.5 billion, with participation from Circle Ventures, VanEck and others

On Wednesday, Binance.US announced the completion of more than US$200 million in seed round financing, with a pre-money valuation of US$4.5 billion. cast.
The new funding will help Binance.US expand its spot trading platform, which will soon launch new features and products, as well as offer new consumer education programs. (Cointelegraph)

Axie Infinity development company Sky Mavis raised $150 million, led by Binance, Animoca Brands, a16z, etc.

According to Binance’s official announcement, Sky Mavis, the development company of Axie Infinity, completed a financing of US$150 million. Binance led the investment, and Animoca Brands, a16z, Dialectic, Paradigm and Accel participated in the investment. The new financing will be used to compensate user funds affected by the Ronin attack.
Specifically, the new funding round, combined with Sky Mavis' balance sheet funding, will ensure that all users are compensated. The Ronin Network bridge will be open after a security upgrade and several audits, which may take a few weeks. At the same time, Binance has also opened ETH/USDC deposit and withdrawal services, allowing most users to deposit and withdraw. Once the Ronin Network bridge is turned on, all individual users can withdraw funds.
The 56,000 ETH stolen from the Axie DAO treasury will remain undercollateralized as Sky Mavis is working with law enforcement to recover the funds. If the funds are not fully recovered within two years, the Axie DAO will vote on the treasury's next steps.

Specifically, the new funding round, combined with Sky Mavis' balance sheet funding, will ensure that all users are compensated. The Ronin Network bridge will be open after a security upgrade and several audits, which may take a few weeks. At the same time, Binance has also opened ETH/USDC deposit and withdrawal services, allowing most users to deposit and withdraw. Once the Ronin Network bridge is turned on, all individual users can withdraw funds.

Ronin Announces Addition of Five New Validation Nodes, Plans to Improve Current Source Code

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Ronin, the Axie Infinity sidechain, announced the addition of five new verification nodes, namely Nansen, Delphi Digital, Stable Node, Animoca Brands, and Dialectic, to strengthen its blockchain security, which is expected to be completed this week. Ronin said the goal is to have at least 21 independent validators working together to secure the network within three months. Additionally, Ronin plans to improve the current source code to improve security and decentralization features. For example, Ronin wants to add the ability to assign withdrawal limits and enable more governance features in the cross-chain bridge.

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Goldman Sachs plans to expand OTC crypto options trading to Ethereum

Andrei Kazantsev, global head of cryptocurrency trading at Goldman Sachs Group Inc., said the bank is planning to offer over-the-counter ether options trading "in due course" amid growing client interest in ETH. (Bloomberg)
Bank of America Partners with Bakkt to Offer Clients Trading Bitcoin and Ethereum

Pennsylvania-based community bank American Bank has signed an agreement with Bakkt that will offer its customers the ability to buy and sell bitcoin and ethereum.

The service is expected to launch in the second quarter of 2022. Bakkt has announced such deals with several other regional and community-focused banks in recent weeks, including Variance Bank and Hanover Bank. In December, Bakkt announced a similar deal with New Jersey-based Manasquan Bank. (The Block)
ProShares submitted an application to the US SEC, planning to launch an ETF that bets on the inverse performance of Bitcoin futures
ProShares, the company that launched the first U.S. bitcoin futures ETF, plans to launch a product that shorts bitcoin.

The ProShares Short Bitcoin Strategy ETF will track the inverse performance of a bitcoin futures index, according to a filing with the U.S. SEC on Tuesday. It is reported that ProShares launched the Bitcoin Strategy ETF (code BITO) in October last year, which is one of the most popular ETFs of all time.

If approved by regulators, the fund would become the first U.S. ETF to bet inversely on bitcoin futures. Rival Direxion had proposed a similar strategy following BITO's launch last October, but withdrew its application at the SEC's behest.

According to official news, Neon Labs, an Ethereum virtual machine developer based on the Solana blockchain, announced that the Neon EVM Alpha version will be launched on the Solana Devnet. After testing, the Neon EVM Beta version will be launched on the Solana Mainnet.

yearn.finance is developing and implementing the ERC-4626 standard for Yearn V3

According to official news, yearn.finance is developing and implementing the Tokenized Vault Standard (ERC-4626) for Yearn V3. Yearn said building an application based on the ERC-4626 treasury will work for all other ERC-4626 tokens. ERC-4626 is the standard for any type of interest-bearing token.

yearn.finance is developing and implementing the ERC-4626 standard for Yearn V3

The Polkadot ecological DeFi protocol Centrifuge has successfully migrated to the Polkadot parachain

According to official news, Centrifuge, the Polkadot ecological DeFi protocol, announced that it has successfully migrated to the Polkadot parachain, the account and transfer functions have been enabled, and the Sudo key has been deleted. According to Centrifuge, the CFG claims of crowd loan contributors will be launched around April 11.
American 3V3 Basketball League Big 3 plans to sell shares in digital assets to raise $66 million
Boba Network completed a financing of 45 million US dollars at a valuation of 1.5 billion US dollars, and Crypto.com and others participated in the investment

GameFi and NFTs

OpenSea already supports Solana-based NFT

News OpenSea has integrated Solana. Data from this market shows that Solana-based NFT series have been listed and denominated in SOL, such as Solana Monkey Business. It is reported that Solana becomes the fourth blockchain network deployed by OpenSea after Ethereum, Polygon and Klaytn.

Ubisoft: The development of "Ghost Recon Breakpoint" has ended, and content updates and NFT will no longer be provided

Game giant Ubisoft (Ubisoft) stated that it has completely ended the development of the "Ghost Recon Breakpoint" game, and will no longer provide content updates, NFT or other content in the future.
Ubisoft will launch a beta version of the Ubisoft Quartz platform at the end of 2021, allowing players to obtain NFTs of items that can be used in the game and take the lead in applying them to the PC version of the tactical shooting online game "Ghost Recon Breakpoint" in its video game brand Tom Clancy, but this The poor response to the game also led to it becoming the company's NFT experiment. (Forbes)

Cool Cats partners with Nifty Gateway to launch new feature to optimize gas costs

The Cool Cats NFT series announced the Wallet-to-Wallet function in cooperation with the NFT trading platform Nifty Gateway. This function will support the Cool Cats NFT series to be listed or removed from the Nifty Gateway without gas fees, and in addition to optimize and save up to 70% of gas fees.

Nansen Has Covered the Treasure NFT Marketplace on Arbitrum

Official news, Nansen has covered the Treasure NFT market on Arbitrum. Nansen found that year-to-date, NFT users on the Arbitrum network have grown by 205%. 4.5% of wallets are currently achieving at least 100% ROI in their Arbitrum-based NFTs, with the top 20 wallets all achieving ROI of over 10,000%. This is achieved in large part through Treasure's free casting model.

Investment and Financing

Boba Network completed a financing of 45 million US dollars at a valuation of 1.5 billion US dollars, and Crypto.com and others participated in the investment

Coin Metrics Completes $35 Million Series C Funding Led by Acrew Capital and BNY Mellon

Boba Network, an Ethereum Layer 2 scaling solution, announced the completion of a US$45 million Series A round of financing at a valuation of US$1.5 billion. This round of financing was led by Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Dreamers VC, LD Capital, RedlineDAO and M13 Ventures participated in the investment. This round of financing was completed in the form of selling Boba Network Token (BOBA). The funds from this round of financing will be used to expand the size of its team and bring more developers to its platform. (The Block)
Coin Metrics Completes $35 Million Series C Funding Led by Acrew Capital and BNY Mellon
In May 2021, Coin Metrics completed $15 million in Series B financing, led by Goldman Sachs, Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency, Acrew Ventures, BlockFi, Morningside Group, Warburg Serres Investments participated in the vote. (CoinDesk)

Ready Player Dao completes $10.2 million financing at a valuation of $150 million, led by The Chernin Group

Ready Player Dao announced the completion of financing of US$10.2 million at a valuation of US$150 million. This round of financing was led by The Chernin Group, with participation from Sterling VC, 1kx, Hashed, and Consensus Mesh.
Ready Player DAO is a decentralized autonomous organization composed of a group of game enthusiasts and metaverse explorers, dedicated to using collective power to create a fair gaming environment for all. Ready Player Dao allows people to access games and earn assets such as Token or NFT by renting game assets represented by NFT. Currently, Ready Player Dao has more than 10,000 gamers in its community.

NFT service platform Novel completes $6 million in seed round financing led by Lerer Hippeau Ventures

NFT service platform Novel completed a $6 million seed round of financing at a valuation of $21 million, led by Lerer Hippeau Ventures, with participation from VaynerFund, Costanoa Ventures, Roth Martin, Sugar Capital and other investors. The funds raised will be used to accelerate business expansion in the Web3 field.
Novel is a company that helps retailers, brands, and content creators mint and sell NFTs. Customers can complete NFT creation and sales without mastering programming or encryption knowledge. Novel will take an intermediate fee from the sale. (Wall Street Journal)

Bitcoin Company completes $2.1 million in seed round financing, led by Brad Mills and others

Bitcoin Company completes $2.1 million in seed round financing led by Brad Mills, Greg Foss, Jay Gould, American HODL, Seetee, Mimesis Capital, Fulgur Ventures, Lightning Ventures, Hivemind Ventures, Plan B Ventures, Revolution's Rise of the Rest Seed Fund and Cavalry Asset Management participated in the investment. (Finsmes)

Bitcoin Company completes $2.1 million in seed round financing, led by Brad Mills and others

Binance Labs Announces Strategic Investment in Move to Earn App STEPN

According to official news, Binance Labs announced a strategic investment in the Move to Earn application STEPN. The specific investment amount has not yet been disclosed. Bill Qian, head of Binance Labs, said that STEPN is contributing to the rapid growth of Web3 users, and we believe that sports gamification can bring more people into this industry and accelerate the mass adoption of encryption and blockchain technology.
Coinbase Ventures Participates in Private Funding of Moonwell DeFi Artemis

According to official news, Lunar Technology Foundation announced that Coinbase Ventures participated in the private placement financing of MoonwellDeFi Artemis.

According to previous news, Moonwell completed $10 million in private equity financing, co-led by Hypersphere and ArringtonXRPcap.
Aspen Digital announced its strategic investors, including K3 Ventures, Moshi Capital, etc.

According to official news, Aspen Digital, a global virtual asset investment management organization serving traditional wealth management institutions and investors, announced the introduction of strategic investors to accelerate its global expansion plan.

Encrypted trading platform CoinSmart announces strategic investment in Curate, a cross-chain NFT market

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CoinSmart, an encrypted trading platform, announced a strategic investment in Curate, a cross-chain NFT market. The cooperation agreement includes that this round of investment is still pending, and it has the option to acquire a majority stake in Curate later this year. CoinSmart expects to close its first investment around April 30, 2022. (Hedge Week)

global policy
U.S. House of Representatives to Consider El Salvador’s Bitcoin Adoption Legislation

U.S. Representatives Norma J. Torres and Rick Crawford introduced the El Salvador Cryptocurrency Accountability Act (ACES) on Monday, hoping to mitigate the risks to the U.S. financial system of El Salvador’s adoption of Bitcoin (BTC) as legal tender.

According to a press release, the legislation directs the State Department to conduct an analysis of the risks to El Salvador’s adoption of bitcoin as legal tender, as well as to El Salvador’s cybersecurity, economic stability, and democratic governance, and develop a plan to mitigate potential risks to the U.S. financial system. As a measure of risk, El Salvador's GDP is roughly $25 billion, compared to the US's $21 trillion. (Coindesk)
Riksbank plans to test viability of e-krona for smart payments
The Riksbank said it wanted to study how a new e-krona could spur "smart payments", which some see as the future of money.
In a report published on Wednesday, the Riksbank considered tests to integrate a state-backed digital currency into the traditional banking system a success, but said it was still studying the possible benefits of the new technology.

A potential benefit of a central bank digital currency (CBDC) is the ability to program or control transfers, but Swedish officials want to investigate this further. “Concepts such as programmatic money, smart money and smart payments are often cited as the future of payments and this is also used as an argument in favor of this new technology,” the central bank said in the report.

Colombian Money Laundering Watchdog Delays Crypto Transaction Reporting Decision

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Colombian anti-money laundering watchdog UIAF has pushed back the date when exchanges and individuals must start reporting their transactions to the organization. The agency will now open a consultation period, during which companies and individuals can present their ideas on the proposed regulations, which could be changed before applications are due on June 1. The exact reasons behind the delay were not specified in the document, but the new resolution establishing the delay states: To ensure that reporting to UIAF is complete and meets the information needs of entities, the need to extend the reporting start date is considered. The new resolution also states that organizations that have already submitted reports can still do so on a voluntary basis, but will not be penalized for not submitting by June 1. This will allow more time to adapt to the rules set by Resolution 314 in December 2021 while the organization receives comments on the issue from various groups. (Bitcoin.com)

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U.S. Treasury Secretary Yellen: Treasury Department is monitoring any attempts to evade sanctions using cryptocurrencies

U.S. Treasury Secretary Janet Yellen said the Treasury Department is monitoring any attempts to use cryptocurrencies to evade sanctions. (Golden Ten)

US SEC Chairman: Will work with CFTC to develop a new plan to regulate cryptocurrency trading platforms"

SEC Chairman Gary Gensler has asked the agency's staff to work with the CFTC on a new plan to regulate cryptocurrency trading platforms. Gary Gensler said that the US SEC is considering how to supervise platforms that intertwine securities transactions and non-securities transactions, and will cooperate with the CFTC to use their respective authorities to jointly deal with platforms that "trade encrypted tokens and commodity tokens"."。（Bitcoin Magazine）

El Salvador's Ambassador to the US: Bitcoin Makes Our Small Country 'Free and Strong'

El Salvador’s Ambassador to the U.S., Milena Mayorga: Bitcoin Makes Our Small Country “Free and Strong”

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