| The proposal to rebuild the Terra network has started voting; South Korean investors plan to apply for the seizure of Do Kwon's property (May 19)
headlines
headlines
The proposal to rebuild the Terra network is now open for voting
Terra founder Do Kwon tweeted that the Terra governance proposal #1623 is now live. The proposal proposes to rename the existing network to Terra Classic, rename the token to LUNA Classic ($LUNC) and create a new Terra block chain and token LUNA ($LUNA), voting is now open.
According to previous reports, Do Kwon proposed "Reconstructing the Terra Ecosystem Plan 2", proposing to fork the Terra chain into a new chain of Terra Classic and non-algorithmic stablecoins.
South Korean investors in Luna and UST plan to apply to court to seize Do Kwon's property
South Korean investors in Luna and UST plan to apply to the court this week to seize the property of Terraform Labs CEO Do Kwon.
At the same time, investors decided to sue Do Kwon with the Seoul Metropolitan Police Agency on suspicion of fraud in order to investigate the civil and criminal liabilities caused by the slump in the virtual currency market. (Culture Daily)
Terraform Labs in-house legal team resigns
Terraform Labs in-house legal team resigns after UST and LUNA close to zero. According to the LinkedIn profiles of Terraform Labs' general counsel Marc Goldich, chief corporate counsel Lawrence Florio, and chief litigation and regulatory counsel Noah Axler, all three stopped working for the company in May. to a year later. The legal business is now handled by outside lawyers, a person familiar with the matter said. (The Block)
Robinhood to launch standalone crypto wallet to compete with non-custodial wallets like MetaMask
cryptocurrency
Robinhood to launch standalone crypto wallet to compete with non-custodial wallets like MetaMask
Robinhood announced the launch of a new wallet app that allows users to access NFT marketplaces, DeFi, decentralized exchanges, and swap tokens. It functions similarly to other non-custodial wallets like MetaMask and is a standalone app for existing stock and crypto platforms. program. Robinhood hopes its new app will be designed to make interacting with Web3 less of a hassle for novices. The company plans to fully roll out the product to its entire user base by the end of this year. (The Block)
Optimism said that the focus will shift to Citizens' House, an identity-based NFT governance layer. Citizens' House is governed by citizen NFT holders, and its main responsibility will be to fund those public goods that have the most positive impact on Optimism and the Ethereum ecosystem. The first Citizens' House experiment and its corresponding Citizenship NFT collection will be the Collective's next big milestone.
Optimism Launches Optimism Ecological Foundation
Optimism, the second-layer expansion network of Ethereum, announced the latest progress in decentralized governance, released the Optimism Collective Governance Operation Manual v0.1, and authorized Token House to perform upgrades and treasury allocations. In addition, a new independent entity, the Optimism Ecological Foundation, was launched to achieve a durable governance system. Its main responsibilities include: trace public product funds and identity-based NFT experiments, maintain the "Operation Manual", implement governance-oriented The on-chain operation of the foundation is led by the two founders of Optimism, Jing and Ben.
Optimism said that the focus will shift to Citizens' House, an identity-based NFT governance layer. Citizens' House is governed by citizen NFT holders, and its main responsibility will be to fund those public goods that have the most positive impact on Optimism and the Ethereum ecosystem. The first Citizens' House experiment and its corresponding Citizenship NFT collection will be the Collective's next big milestone.
A new proposal from the NEAR community proposes to reduce the reserve price of Gas on the network
Members of the NEAR community initiated a proposal to reduce the minimum gas price on the NEAR network. Currently, the minimum gas price of NEAR is 0.0001 NEAR/Tgas. The cuts will make NEAR more competitive with the top-tier L1, it said.
A new proposal from the NEAR community proposes to reduce the reserve price of Gas on the network
Members of the NEAR community initiated a proposal to reduce the minimum gas price on the NEAR network. Currently, the minimum gas price of NEAR is 0.0001 NEAR/Tgas. The cuts will make NEAR more competitive with the top-tier L1, it said.
Cosmos founder's new project Gno Land will be airdropped on May 20
The Lens Protocol developed by the Aave team has been launched on Polygon
The Lens Protocol developed by the Aave team has been launched on Polygon
The Web3 social protocol Lens Protocol developed by the lending protocol Aave team has been launched on Polygon.
It is reported that Lens was first launched in February 2022, and there are currently more than 50 applications in its ecosystem, including Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link, etc. Lens is a software stack that enables developers to build a social network that decentralizes ownership of content and user accounts. The protocol uses encrypted addresses and NFTs for authentication and monetization.
It is reported that Lens was first launched in February 2022, and there are currently more than 50 applications in its ecosystem, including Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link, etc. Lens is a software stack that enables developers to build a social network that decentralizes ownership of content and user accounts. The protocol uses encrypted addresses and NFTs for authentication and monetization.
According to the security public opinion monitoring data of Chengdu Lianan’s “Chain Bing-Blockchain Security Situational Awareness Platform”, the Feminist Metaverse project on BNB Chain was attacked. At present, the attacker has transferred 1,838 BNB to Tornado.cash, about $540,000.
Attacker address: 0xaaA1634D669dd8aa275BAD6FdF19c7E3B2f1eF50;
Attack transaction bsc: 0xfdc90e060004dd902204673831dce466dcf7e8519a79ccf76b90cd6c1c8b320d.
GameFi and NFTs
Four NFT platforms, including Sorare, are vying for the NFT copyright of the Premier League, but the names of the other three platforms have not been disclosed. According to reports, the NFT copyright of the Premier League for the next four years is worth as much as $590 million.
According to data previously released by the Premier League, the revenue of the 2019/20 season is as high as 4.5 billion pounds (about 5.6 billion U.S. dollars), which is 2 billion U.S. dollars higher than that of the Bundesliga.
Four NFT platforms, including Sorare, are vying for the NFT copyright of the Premier League, but the names of the other three platforms have not been disclosed. According to reports, the NFT copyright of the Premier League for the next four years is worth as much as $590 million.
Chain game company N3twork Studios completes $46 million financing, led by Griffin Gaming Partners
Discord of multiple NFT projects such as Moonbirds is suspected of being attacked
According to the PeckShieldAlert warning, the Discord of Moonbirds, PROOF, RTFKT, Memeland and other NFT projects are suspected of being attacked, reminding users to pay attention to safety.
Investment and Financing
Encryption startup KaJ Labs completes $400 million in financing led by GEM Digital
Encryption startup KaJ Labs completed $400 million in financing through the LITHO token sale, marking the second largest seed round in the world so far in 2022. Global Emerging Markets (GEM) Digital led the investment, and Four Digital participated in the investment. It is reported that GEM Digital is an alternative investment group with assets under management of US$5 billion, headquartered in the Bahamas.
Lithosphere, a blockchain platform under KaJ Labs, uses embedded deep neural networks to make smart contracts smart, and supports cross-chain network operations. This interoperability enables multiple value transfer methods under a single management structure, thereby Eliminates many of the problems inherent in existing blockchain networks. (PRNewswire)
Chain game company N3twork Studios completes $46 million financing, led by Griffin Gaming Partners
N3twork Studios, a blockchain game start-up company, announced the completion of a US$46 million Series A round of financing, led by Griffin Gaming Partners, with participation from Kleiner Perkins, Galaxy Interactive, KIP, and Floodgate.
It is reported that the financing funds will be used to develop the team's two current blockchain games, of which Legendary: Heroes Unchained will be launched later this year. (Businesswire)
N3twork Studios, a blockchain game start-up company, announced the completion of a US$46 million Series A round of financing, led by Griffin Gaming Partners, with participation from Kleiner Perkins, Galaxy Interactive, KIP, and Floodgate.It is reported that the financing funds will be used to develop the team's two current blockchain games, of which Legendary: Heroes Unchained will be launched later this year. (Businesswire)
Web3 Accelerator Seedclub completed $15 million in financing, with participation from Multicoin Capital, Union Square Ventures, Placeholder Ventures, Blockchain Capital and 10 individual participants. This round of financing was completed in the form of 15 million USDC exchanged for 1 million CLUB Tokens (accounting for 10% of the total supply), and Seedclub was valued at approximately US$150 million.
News Decentralized Global Geek Organization and Web3 Open Source Developer Incentive Platform DoraHacks Completed $20 Million B1 Round Financing, FTX Ventures and Liberty City Ventures Jointly Lead the Investment, Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital, Amber Group and others participated in the investment.
After this round of financing, the total financing scale of Dora’s ecological core infrastructure (including DoraHacks and Dora Factory, but excluding decentralized governance organizations such as Dora Grant DAO and Dora Infinite Fund) exceeded US$50 million. (CoinDesk)
Web3 Accelerator Seedclub Completes $15 Million Financing, Multicoin Capital and USV Participate
Web3 Accelerator Seedclub completed $15 million in financing, with participation from Multicoin Capital, Union Square Ventures, Placeholder Ventures, Blockchain Capital and 10 individual participants. This round of financing was completed in the form of 15 million USDC exchanged for 1 million CLUB Tokens (accounting for 10% of the total supply), and Seedclub was valued at approximately US$150 million.
According to official news, Web3 cross-chain wallet BitKeep completed a $15 million A round of financing at a valuation of $100 million, led by Dragonfly, KuCoin Ventures, Foresight Ventures, A&T Capital, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, YM Capital and others participated in the investment.
BitKeep completes $15 million Series A financing at a valuation of $100 million, led by Dragonfly Capital
Short game video platform FreshCut completes $15 million in financing led by Animoca Brands and others
FreshCut, a short game video platform, has completed $15 million in financing, led by Galaxy Interactive, Animoca Brands, and Republic Crypto, with participation from Hashed, SkyVision Capital, Tamarack Global, C2X, Polygon, and Kevin Lin (co-founder of Twitch). Funding will be used for product development, onboarding creators, developing membership programs, and scaling. (The Block)
Web3 media company Tally Labs completes $12 million financing, led by a16z Crypto
FreshCut, a short game video platform, has completed $15 million in financing, led by Galaxy Interactive, Animoca Brands, and Republic Crypto, with participation from Hashed, SkyVision Capital, Tamarack Global, C2X, Polygon, and Kevin Lin (co-founder of Twitch). Funding will be used for product development, onboarding creators, developing membership programs, and scaling. (The Block)
News Web3 media company Tally Labs completed a $12 million seed round of financing, led by a16z Crypto, with participation from Sterling VC, Dapper Ventures, Roham Gharegozlou (Dapper Ventures CEO), Odell Beckham Jr, and Allyson Felix.
Encrypted donation platform QuestBook completes $8.3 million Series A financing, led by Lemniscap
It is reported that Tally Labs is responsible for overseeing the business operations and infrastructure software development of the boring ape #8877 NFT spin-off project Jenkins the Valet. The company has pledged to use the funds to expand the intellectual property and commercialization of Jenkins The Valet into a wider range of entertainment media and hire six US/remote workers. (Cointelegraph)
UBet, a decentralized sports prediction market, completed a $2.7 million seed round of financing, led by Shima Capital, GSR, Republic Crypto, LD Capital, Old Fashioned Research, Decimus, and M6.
Evaluate.Market, an NFT portfolio management platform, announced the completion of a $4 million seed round investment led by Rho Capital’s Ignition Fund, Driveby Draft Kings, Castle Island Ventures, Arca, Notation Capital, Flamingo Capital Syndicate, Dapper Labs, Visary Capital, Niche Capital and Dan Nova and others participated in the vote. Additionally, Evaluate.Market announced that it will expand beyond Flow, adding over 800 Ethereum projects and thousands more to come. Evaluate.Market has also added real-time support for LooksRare, an NFT trading marketplace.
UBet, a decentralized sports prediction market, completed a $2.7 million seed round of financing, led by Shima Capital, GSR, Republic Crypto, LD Capital, Old Fashioned Research, Decimus, and M6.
It is reported that UBet is a point-to-point sports prediction market based on Polygon. Through its unique system and architecture, sports fans can use USDC to trade prediction products at market odds. (Globe News Wire)
Fintech startup Relai closes €2 million in funding
Pine Protocol, a license-free NFT encrypted lending agreement, announced the completion of a $1.5 million seed round of financing, led by Sino Global Capital, Amber Group, and Spartan Group, followed by Alameda Research, Shima Capital, Impossible Finance, and Gate Ventures. The new financing will be used to further develop the Pine platform and Pine protocol, and add multi-chain support such as Solana, BNB Chain, Avalanche, and Fantom.
Pine Protocol, a license-free NFT encrypted lending agreement, announced the completion of a $1.5 million seed round of financing, led by Sino Global Capital, Amber Group, and Spartan Group, followed by Alameda Research, Shima Capital, Impossible Finance, and Gate Ventures. The new financing will be used to further develop the Pine platform and Pine protocol, and add multi-chain support such as Solana, BNB Chain, Avalanche, and Fantom.
Algoracle, a decentralized oracle network, announced the completion of a $1.5 million seed round of financing led by Borderless Capital, with participation from the Algorand Foundation, Valhalla Capital, Big Brain Holdings, Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Funds raised will be used to help and accelerate the development and launch of Algorand's native decentralized oracle network. (Bitcoin.com)
Algoracle, a decentralized oracle network, announced the completion of a $1.5 million seed round of financing led by Borderless Capital, with participation from the Algorand Foundation, Valhalla Capital, Big Brain Holdings, Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Funds raised will be used to help and accelerate the development and launch of Algorand's native decentralized oracle network. (Bitcoin.com)
Web3 content aggregation platform ChainFeeds completes angel round financing and launches RSS Aggregator for Web3 open source project
Blockchain analytics platform Nansen acquires Ape Board for $10 million
global policy
global policy
South Korea May Propose Bill to Punish Cryptocurrency Manipulators
South Korea may introduce a bill to punish those who make unfair profits from cryptocurrency trading through pumping up prices, insider trading or fake orders. South Korea’s Financial Services Commission (FSC) prepared the study after the South Korean parliament asked for a study on cryptocurrency regulation. The regulations proposed by the FSC will be stricter than capital market regulations. According to the proposal, civil and administrative penalties such as fines and liability for compensation will be imposed on those who obtain benefits improperly, as well as criminal penalties such as imprisonment. It is reported that the South Korean parliament and government will discuss details during the legislative process. (Korea Economic Daily)
The Capital Market Research Institute of the Financial Services Commission of Korea wrote a report titled “Comparative Analysis of the Virtual Asset Industry Act Proposed by the National Assembly and Mining and Examination of Related Issues,” which was recently submitted to the Political Affairs Committee of the National Assembly. The report lays out plans for a public exchange with new listing scrutiny and market surveillance for cryptocurrencies and access to virtual assets under the current capital market legal system.
Character · Voice
Character · Voice
US CFTC Chairman: Bitcoin and Ethereum Are Commodities
He further noted that the digital asset space, which includes thousands of tokens, naturally has some commodities and securities. To that end, the CFTC chairman said it makes sense to analyze the two asset types to determine which tokens qualify as securities or commodities. Classifying the crypto market to distinguish securities from commodities will be complicated, Behnam acknowledged. (Crypto Slate)
Kashkari said the Fed has signaled that it will raise interest rates to a neutral level this year. It's also unclear whether the Fed will need to do more on interest rates or whether the Fed's actions will lead to a U.S. recession. Confidence that the central bank can reduce demand. He also said that perhaps it is better for cryptocurrencies to collapse now than to put more people's money at risk in 5 years, and it is not yet known whether the Fed's actions will trigger a recession. (Financial Association)
