| Compound Treasury Receives S&P B- Credit Rating; Terra Founder Says LFG Has No Plan to Exit Bitcoin Position (May 10)

秦晓峰

Odaily资深作者

@@QinXiaofeng888

2022-05-10 00:00

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The Central Bank of the Philippines will pilot a CBDC in the fourth quarter.

headlines

headlines BTC fell below 32000 USDT in the short term,

Ouyi OKX market shows that in the early hours of this morning, BTC fell below 32,000 USDT, a 7.3% drop in 24H; ETH fell below 2,300 USDT, a 9.61% drop in 24H.

Compound Treasury received a B- credit rating from S&P, the first DeFi product to receive a rating from a major credit rating agency

Compound Treasury received a B- credit rating from S&P, the first DeFi product to receive a rating from a major credit rating agency
Official news, Compound announced that Compound Treasury received a B- credit rating from S&P Global Ratings, an international rating agency, becoming the first institutional decentralized finance (DeFi) product rated by a major credit rating agency, and marking the following As traditional institutions begin to judge the risks of digital asset-driven financial products, the maturity of the crypto industry has made tremendous progress.
It is reported that Compound Treasury is a cryptocurrency cash management solution specially designed for institutions. Qualified investors can earn 4% USD and USDC through daily liquidity.

cryptocurrency

Solana-Based NFT Marketplace Fallen Angels Announces ANGEL Token Airdrop

Official news, Solana-based NFT marketplace Fallen Angels announced that it will launch an airdrop on its official website and ANGEL tokens at 7:00 PM (PT) on May 9th, and the airdrop deadline is May 23rd. Fallen Angels has announced the ANGEL airdrop rules. The total amount of ANGEL is 1 billion: airdrop 10%, team 10%, pledge reward 15%, DAO/Treasury 25%, transaction reward 35%, liquidity management 5%.

Coinbase Stock Drops Below $90, Hit All-Time Low

Coinbase’s stock price fell below $90 per share, and the current price is around $87 per share, a record low and a drop of nearly 80% from its all-time high.

Galaxy Digital posted a loss of $111.7 million in the first quarter

Cryptocurrency-focused financial services company Galaxy Digital (GLXY) recorded a net comprehensive loss of $111.7 million for the quarter ended March 31, 2022. In an announcement on Monday, Galaxy Digital blamed the loss on unrealized losses on digital assets and investments in its trading and investing business. This compares to a gain of $858.2 million in the same period last year (first quarter). (CoinDesk)

Justin Sun deployed the UST/USDD pool on Uniswap V3 with the 1 million UST purchased yesterday

Justin Sun tweeted that the UST/USDD pool has been deployed on Uniswap. According to the transaction data he shared, Justin Sun added about $735,000 USDD and about 1 million UST to Uniswap V3. According to yesterday's news, Justin Sun bought more than 1 million USTs and said that "there may be secret plans."

Nervos CKB will undergo an important network upgrade, and the new main network will be named Mirana
The Nervos CKB mainnet will be fully upgraded at epoch #5414 (expected tomorrow morning). This is the first major network upgrade since the CKB mainnet went live. After the upgrade, the CKB network will have more new features, including encryption-friendly instruction sets, virtual machine version control, scalable block headers and new cryptography standards, to further improve network efficiency, performance and reliability of smart contracts. Combination.

Nervos expects to upgrade Godwoken (expected to go live in June) and Axon this year. Godwoken is suitable for carrying DeFi applications, and the high-performance Layer 2 Axon, which is fully compatible with EVM, is suitable for social and game applications.

Terra ecological domain name service TNS will launch the second round of airdrops of the early incentive plan on June 25

Terra Ecological domain name service Terra Name Service (TNS) announced on Twitter that it will launch the second round of airdrops of the early incentive plan to eligible users, and has started the voting process of "whether it is necessary to re-evaluate the eligible addresses for airdrops". The second round of TNS airdrop will be open for application on June 25, 2022.

secondary title

Blockchain industry

Central Bank of the Philippines to Pilot CBDC in Q4

The governor of the Philippine central bank said in an interview that the central bank is in talks with several banks and financial institutions for a pilot test of a central bank digital currency (CBDC) in the fourth quarter. The CBDC is the equivalent of Philippine paper money and is also guaranteed by the government as a digital form of the national currency. Unlike general-purpose or retail CBDCs that are open to the public, wholesale CBDCs are primarily used by banks and other financial institutions. The central bank explained that the wholesale sale of CBDC may help solve the friction of large-scale cross-border foreign exchange transfers and reduce the risk exposure of using commercial bank funds for settlement. The central bank is exploring the application of wholesale CBDC to bring value-added benefits to the payment system. (Philippine Star)

Zhejiang Seaport's first digital RMB settlement business successfully landed

Zhejiang Haigang Group's electronic bidding procurement platform ushered in the first customer to use digital RMB settlement business. This is a vivid practice of the Group's cooperation with the Ningbo Branch of the Industrial and Commercial Bank of China to promote the official implementation of the digital RMB settlement business in the Group, which will effectively help the Group's digital reform and promote the construction of a "digital seaport". The digital renminbi is issued by the People's Bank of China. It is a legal currency with national credit endorsement and legal solvency. It combines the advantages of cash currency and digital currency, which is fast, safe and convenient. (Zhejiang Seaport China Port Association)

The National Securities Depository of India (NSDL) recently introduced a distributed ledger technology platform for its bond covenant monitoring system to enhance monitoring of bonds. The decentralized ledger of the bond covenant monitoring system will provide an immutable and verifiable audit trail of transactions between bond trustees and issuers. The country's two depositories, NSDL and CDSL, will control the two nodes responsible for network maintenance. (Forkast)

GameFi and NFTs

The Cosmos ecological NFT application chain Stargaze may launch the NFT market test version within this week
The Cosmos ecological NFT application chain Stargaze may launch the NFT market test version within this week.

It is understood that Stargaze previously stated on May 2 that it would launch the NFT market test version next week, and then stated on May 6 that it planned to submit a governance vote on May 7 and go live about 6 days later. However, there are still no relevant governance proposals open for voting.

Well-known e-sports club FPX announces the launch of FPX Metaverse

The internationally renowned e-sports club FunPlus Phoenix (FPX) announced on Twitter that FPX will create a fun, creative and innovative FPX Metaverse for players. It is reported that FunPlus Phoenix (FPX) won the 2019 League of Legends Global Finals.

NFT giant whale n0b0dy.eth purchased Otherdeed with 303 ETH #66813
According to the latest data, Yuga Labs metaverse project Otherside virtual plot Otherdeed #66813 was purchased by the buyer n0b0dy.eth at a price of 303 ETH, which is about 776,234.04 US dollars, which is the eighth highest transaction record in the history of the series (the plot Contains 1 rare Mega Koda).
Investment and Financing

Investment and Financing

P2E game MechaFightClub completes USD 40 million in Series A financing, led by a16z and participated by Solana Ventures

According to official news, the P2E game MechaFightClub (MFC) announced the completion of the A-round financing of US$40 million, led by a16z, and participated by Michael Ovitz, Sonam K Ahuja, LuBall13.eth, Solana Ventures and others.
According to previous news, according to the US SEC’s documents on Friday, chain game company Irreverent Labs recently completed a financing of 40 million US dollars, a total of 11 investors participated in the equity and option financing, and will launch the P2E game MechaFightClub.

According to previous news, according to the US SEC’s documents on Friday, chain game company Irreverent Labs recently completed a financing of 40 million US dollars, a total of 11 investors participated in the equity and option financing, and will launch the P2E game MechaFightClub.

South Korean Internet giant Naver plans to invest about 100 billion won (approximately US$78.3988 million) in the TVT No. 3 venture fund created by venture capital firm TBT. The fund focuses on Web 3, SaaS and B2C platforms. If the investment is confirmed, it will be Naver's largest investment in a Korean venture capital fund. TVT Fund will get more investors outside of Naver. The fund is expected to be established in June and officially start investment. (Seoul Economic Daily)

global regulation

The Goods and Services Tax (GST) Council, India's top decision-making body on indirect taxes, will discuss the future of indirect taxes. According to sources, a legal committee appointed by the GST Council (whose proposal will be submitted to the GST Council for formal approval) will soon impose a 28% goods and services tax on services and other activities related to cryptocurrencies. The motion is expected to be tabled at the next GST council meeting, a date yet to be set. (Finbold)