headlines
headlines
Mainstream clients of Ethereum have launched the preparatory version for mainnet merger
Node operators must update to the latest version of the client within two weeks (not before September 15) to prevent nodes from leaving the network due to the Bellatrix fork on September 6. (Trustnodes)
BendDAO's proposal to modify some parameters to solve the liquidity crisis was passed
According to previous reports, the BendDAO community released a new proposal BIP#9, which aims to solve the liquidity crisis by modifying some parameters. Including adjusting the liquidation threshold to 70%, adjusting the auction cycle to 4 hours, adjusting the interest base rate to 20%, and the BendDAO community can vote to decide how to deal with bad debts. In addition, the number of ETH floating bad debts will be displayed in the user interface and the total amount of interest will be displayed on the home page. Future protocol-level improvements include support for collateral quotes in BendDAO, contacting as many exchanges as possible to support collateral pending orders, and attempting to support downpayments for auctions.
BendDAO released a new proposal to adjust the liquidation threshold and auction cycle implementation plan
Odaily News Yuga Labs founders Greg Solano and Wiley Aronow mentioned in the Full Send podcast that the first batch of NFTs they purchased were CryptoPunks and CryptoKitties in 2017, but not as investments, but as interesting things. Aronow said, "We never look at the floor price, I don't care, the only thing I care about is the number of wallet holders, which is why each founder only has one boring ape."
cryptocurrency
cryptocurrency
PayPal Now Joins Coinbase Compliance Network TRUST Network
Market News: FTX US May Finally Acquire BlockFi for $15M
In addition, the source said that FTX US agreed to pay an amount equivalent to 25% of BlockFi's annual operating income, up to $100 million, but the company is expected to lose money in 2020 and 2021, and it is expected to continue to lose money in 2022. (CoinDesk)
Moonbeam Has Supported Ethereum Development Kit Foundry
Moonbeam Has Supported Ethereum Development Kit Foundry
Odaily News According to Moonbeam Network's official media announcement, Foundry's documents are now supported.
Documentation for Foundry, an Ethereum development environment that helps developers compile projects, deploy contracts, and interact with the blockchain from the command line. Foundry is written in Rust code, interacts directly with Moonbeam's Ethereum API, and is used to deploy Solidity smart contracts to Moonbeam.
Odaily’s chain game DeFi Kingdoms plan will be completely separated from Harmony, and will launch its game part called Serendale on the metaverse-focused blockchain Klaytn. In addition, Crystalvale will continue to stay on the Avalanche subnet DFK Chain. (The Block)
Privacy public chain Aleo announced that testnet 3 has been launched
Odaily News The privacy public chain Aleo officially announced that Testnet 3 (Testnet 3) has been launched. It is reported that Testnet 3 will be the last testnet before the Aleo mainnet goes live, and developers will be able to deploy applications driven by zero-knowledge proofs on this network.
Privacy public chain Aleo announced that testnet 3 has been launched
Web3 developer community DeveloperDAO has opened airdrop applications, and NFT holders can get at least 400 tokens
Odaily News Scott, head of Uniswap NFT products, tweeted, "Uniswap will be the interface for all NFT liquidity. We are now discussing with 7 NFT lending agreements to solve the problems of liquidity dispersion and information asymmetry. This is the establishment The first step in the financialization of NFT.”
According to Twitter user analysis, the initial deployment funds came from South Korean exchange Kraken.
GameFi and NFTs
Odaily News Scott, head of Uniswap NFT products, tweeted, "Uniswap will be the interface for all NFT liquidity. We are now discussing with 7 NFT lending agreements to solve the problems of liquidity dispersion and information asymmetry. This is the establishment The first step in the financialization of NFT.”
In June of this year, Uniswap Labs acquired the NFT aggregation market Genie. The specific terms of the transaction were not disclosed. Uniswap Labs said the acquisition will integrate NFTs into its products, starting with the Uniswap web application, and users will soon be able to buy and sell NFTs on its marketplace. Uniswap Labs will also integrate NFTs into developer APIs and widgets.
Pudgy Penguins adds 9 execs to advisory board, plans physical merchandise launch
In June of this year, Uniswap Labs acquired the NFT aggregation market Genie. The specific terms of the transaction were not disclosed. Uniswap Labs said the acquisition will integrate NFTs into its products, starting with the Uniswap web application, and users will soon be able to buy and sell NFTs on its marketplace. Uniswap Labs will also integrate NFTs into developer APIs and widgets.
Pudgy Penguins adds 9 execs to advisory board, plans physical merchandise launch
According to Odaily, according to NFTGo.io data, the NFT project "Fat Penguin" Pudgy Penguins#6873 has been sold at a price of 400ETH, which is about 632,312.88 US dollars, setting the highest transaction record of this series so far. Up to now, the total transaction volume of Pudgy Penguins has reached 191.1 million US dollars, with a market value of 79.48 million US dollars. The current floor price is 3.95 ETH, an increase of 3.82% in 24 hours.
Investment and Financing
Investment and Financing
Orange DAO raises $80 million to back crypto startups
The group originally intended to raise $10 million in funding from investors to support crypto startups. Since January, the group has grown from 1,000 to 1,300 members and has backed 90 startups, including Liquifi, Goldfinch and Spritz.
Metaverse identity platform Ready Player Me completes USD 56 million in Series B financing, led by a16z
Ready Player Me aims to allow users to establish virtual identities in the metaverse through virtual products such as NFT. Currently, more than 1,000 project parties have used their products on the platform. Media conglomerate Warner Bros., fashion house Dior and sportswear brand New Balance are all working with Ready Player Me to integrate into the Metaverse in the future.
Ready Player Me aims to allow users to establish virtual identities in the metaverse through virtual products such as NFT. Currently, more than 1,000 project parties have used their products on the platform. Media conglomerate Warner Bros., fashion house Dior and sportswear brand New Balance are all working with Ready Player Me to integrate into the Metaverse in the future.
Metaverse platform Inworld AI completes $50 million in financing led by Intel Capital and Section 32
Metaverse platform Inworld AI completes $50 million in financing led by Intel Capital and Section 32
It is reported that Inworld uses AI technology to build metaverse characters and endows personality, thoughts, memories and behaviors to imitate the social nature of human interaction. Its platform has been integrated with game engines (such as Unreal and Unity), and developers can easily deploy design characters to in the game environment. (Martech series)
It is reported that Inworld uses AI technology to build metaverse characters and endows personality, thoughts, memories and behaviors to imitate the social nature of human interaction. Its platform has been integrated with game engines (such as Unreal and Unity), and developers can easily deploy design characters to in the game environment. (Martech series)
Odaily News According to people familiar with the matter, the first round of financing negotiations for Shardeum, a new project created by Nischal Shetty, co-founder of Indian encryption exchange WazirX, has entered an advanced stage. Shardeum hopes to raise $20-30 million at a valuation of $200 million (a slight difference from the previously rumored $18 million).
Odaily News Mural, an encryption company focused on decentralized autonomous organization (DAO) infrastructure, announced the completion of a $5.6 million seed round of financing. Mike Novogratz's Galaxy Ventures, Barry Silbert's Digital Currency Group (DCG), Firstminute Capital, 186 Ventures and others participated This is the company's first external financing.
Mural co-founder Kevin Alvarez-Fung said the funding will be used to bring in new talent and partner with brands around the world looking to create and use DAOs. (Techcrunch)
Odaily News Quivr, a decentralized social ID and verification platform, announced the completion of a US$3.55 million seed round of financing. This round of financing was led by Infinity Ventures Crypto, and Tencent co-founder Jason Zeng, C2 Ventures, Sfermion and FBG Capital participated in the investment.
Quivr verifies consumers' online footprint through apps associated with different social platforms (i.e. Twitter, Spotify, LinkedIn, etc.) and issues verification "badges" that are minted into their personal NFTs and recorded on the blockchain superior. Quivr will use the financing to build a platform, create "badge"-based verification behaviors and digital resumes, and aim to create a more humane and trustworthy digital world. (Global Online Money)
Odaily News Com2Verse, a metaverse subsidiary of game publisher Com2uS, announced the completion of 4 billion won (about 3 million US dollars) in financing, and SK Networks participated in the investment to obtain uncirculated shares.
As of now, 70% of Com2Verse’s shares are owned by Com2uS. After the financing is completed, Com2Verse will load SK Networks’ offline services into the Metaverse, such as customer service and business consulting. (Korea Joongang Daily)
Distributed Finance completes $2.5 million in financing and acquires NFT marketplace Rand Gallery
As part of the strategy to promote the growth of Algorand's ecological NFT and DAO, Distributed Finance has used part of the financing to acquire the NFT market Rand Gallery. The details of the transaction were not disclosed.
As part of the strategy to promote the growth of Algorand's ecological NFT and DAO, Distributed Finance has used part of the financing to acquire the NFT market Rand Gallery. The details of the transaction were not disclosed.
It is reported that Distributed Finance was created by the founding team of Zest, an Algorand ecological DAO management tool. Distributed Finance will become the holding company for Zest. Funds from the round will be used to launch and scale Zest, grow Rand Gallery, and drive hiring. (The Block)
Web3 media startup Avium completes $2 million pre-seed round of funding, led by Saison Capital
Web3 media startup Avium completes $2 million pre-seed round of funding, led by Saison Capital
Growfitter, Web3’s incentivized health insurance tech platform, closes $500,000 pre-Series A
Harshit Sethy, co-founder and chief technology officer of Growfitter, said that this round of financing marks their official entry into the Web3 and blockchain fields. The new funds will be used to build technical infrastructure and expand business operations. Healthy rewards app users expand to 10 million. (New Spatrolling)
Harshit Sethy, co-founder and chief technology officer of Growfitter, said that this round of financing marks their official entry into the Web3 and blockchain fields. The new funds will be used to build technical infrastructure and expand business operations. Healthy rewards app users expand to 10 million. (New Spatrolling)
global regulation
global regulation
US SEC Chairman: Securities Laws Still Applicable to Cryptocurrencies
Odaily News A few days ago, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), said that cryptocurrencies will be treated like other capital markets, and there is no reason to differentiate it from other capital markets because the encryption market uses different technologies. Securities laws that protect investors will continue to apply. (Wall Street Journal)
BaFin: Crypto assets not protected by regulations on deposit insurance and investor compensation
Odaily News The Australian Minister of Finance stated that Australia is starting a review of the country's cryptocurrency assets to help better understand and regulate the encryption industry. Among them, the government of Australian Prime Minister Anthony Albanese will make token mapping a priority this year to help determine which digital asset tokens are used in Australia, and a public consultation document on the matter will be released soon. (Bloomberg)
character * voice
character * voice
Former U.S. CFTC Chairman: SEC and CFTC should jointly establish SRO to address the current encryption regulatory gap
As things stand, neither agency has the power to regulate cryptocurrencies, Massad said, and setting up an SRO for cryptocurrencies could be a way to set standards for the market while avoiding regulators getting bogged down in a matter of something. Whether to be considered a security or a commodity is under debate. (CoinDesk)
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