headlines
Odaily news Lido, the liquid staking protocol, announced the V2 upgrade plan, preparing to unlock stETH withdrawals and introduce the Staking Router architecture.
Enabling liquid staking reward withdrawals allows stETH holders to withdraw ETH funds from Lido at a 1:1 ratio. Users wishing to withdraw ETH must follow the suggested request and claim process.
Staking Router introduces a modular architectural design conceived to allow Lido to be a scalable protocol. (Cointelegraph)
DCG has sold about a quarter of Grayscale’s Ethereum Trust at half price to raise $22M
Odaily News According to the US SEC filing documents, Digital Currency Group (DCG) began to sell some of its grayscale encryption trust fund shares at a discount to raise funds to repay Genesis creditors. The document shows that since January 24, DCG has raised as much as $22 million by selling mainly a quarter of the Ethereum Trust Fund shares, selling for about $8 per share, well below the market price of $16 per share.
a16z has unconditionally delegated 40 million UNI voting rights to external groups
According to previous reports, the blockchain data company Bubblemaps tweeted that a16z can control 41.5 million UNIs through 11 addresses, accounting for more than 4% (4.15%) of UNI supply, which is the amount required to pass any proposal. Nine of these wallets each have 0.25% of the supply (2.5 million UNI), which is the minimum amount required to submit a Uniswap governance proposal.”
Industry news
FTX Japan: Company net worth of approximately $76 million
Odaily News According to the official announcement, FTX Japan disclosed the status of client entrusted assets and platform-owned assets as of February 7. Among them, the company's net assets are about 10 billion yen (about 76 million U.S. dollars, as of the end of September 2022), and the company's cash and deposits are about 17.8 billion yen (about 135 million U.S. dollars, as of November 21, 2022) .
Regarding the operation of the system, all functions on the FTX JP website and platform FTX JP have been stopped, such as unable to log in, unable to display the screen normally, stopping withdrawals and shipments, unable to query, etc.
Encrypted savings company Donut: DCG/Genesis debt recovery rate may reach more than 80%
According to previous reports, the main creditors of Genesis include Gemini, Mirana, Decentraland, VanEck, etc., among which Genesis owes Donut $78 million.
Project News
Homebase, a Solana-based real estate tokenization platform, has launched a beta version
DeFi lending protocol OpenLeverage launched a new proposal to deploy the protocol to Arbitrum
The proposal states that OpenLeverage, as a multi-chain permissionless margin trading protocol, should be deployed on Arbitrum to help users gain more trading opportunities.
Cross-chain smart contract platform CLV announced the launch of Web3 chat protocol Wallet Talk
Cross-chain smart contract platform CLV announced the launch of Web3 chat protocol Wallet Talk
Odaily News According to official news, the cross-chain smart contract platform CLV (formerly Clover Finance) announced on Twitter the launch of the Web3 chat protocol Wallet Talk.
Aave founder: The V3 upgrade is all about risk management
Escher supports the ERC-1155 and ERC-721 protocols, which can aggregate NFT works of artists/creators on different platforms and versions into a simple and easy-to-use interface for users to trade without jumping to other platforms.
Tessera Founder Announces Launch of NFT Marketplace Escher
Odaily News Andy Chorlian, founder of NFT fragmentation protocol Tessera, announced that he will launch a new NFT market, Escher. Escher will focus on providing support for "edition-based" NFTs, regardless of which platform or contract those NFTs exist.
Escher supports the ERC-1155 and ERC-721 protocols, which can aggregate NFT works of artists/creators on different platforms and versions into a simple and easy-to-use interface for users to trade without jumping to other platforms.
data
SoftBank's third-quarter vision fund loss of 660.1 billion yen, investment loss of 730.36 billion yen
Odaily News On February 7, SoftBank announced that the Vision Fund of SoftBank had a loss of 660.10 billion yen in the third fiscal quarter, compared with a gain of 50.35 billion yen in the same period last year.
In the third fiscal quarter, the Vision Fund’s investment loss was 730.36 billion yen, and the gain in the same period last year was 108.10 billion yen; the number of stocks invested by SVF 1 as of the end of the period was 78, compared with 78 in the previous quarter; in the third fiscal quarter, SVF 2 invested as of the end of the period The stock count is 270, compared with 270 in the previous quarter. (Wall Street News)
However, many people still question why so many well-known investment companies have made large investments in FTX without doing much due diligence. Former Softbank Chief Operating Officer Marcelo Claure claimed on social media that he was involved in the FTX case. In fact, "it was a complete failure". First, I was influenced by FOMO emotions, and second, I didn't fully understand what I was investing in. (Golden Ten)
Metaverse GameFi and NFT
Bitcoin Network NFT Protocol Ordinals' "Inscription" Is Consuming Half of Bitcoin's Block Space
Odaily News Pierre Rochard, vice president of research at Bitcoin mining company Riot Platforms, tweeted that the Inscriptions (inscriptions) of the Bitcoin network NFT protocol Ordinal are consuming 50% of the Bitcoin block space, and the block space utilization rate is 100%. Median down.
It is reported that software engineer Casey Rodarmor launched Ordinals, a Bitcoin-based NFT protocol. Satoshi is the atomic native currency of the Bitcoin network. Unique Bitcoin-native digital artwork transferred by currency transactions. Inscriptions are inscribed with arbitrary content, creating digital artifacts native to Bitcoin, often referred to as NFTs. Inscriptions do not require sidechains or separate tokens.
Investment and Financing
Investment and Financing
Full-chain liquidity protocol Cedro Finance completes $1.5 million in financing led by Shima Capital
Odaily News Cedro Finance, a cross-chain decentralized liquidity protocol on LayerZero, announced the completion of a $1.5 million Pre-Seed round of financing, led by Shima Capital, with participation from Infinity Ventures Crypto (IVC), Mask Network and Sam Thapaliya. This round of financing will be used to expand the Cedro team and build the Ominichain liquidity platform. (Businesswire)
Metaverse mobile game Kingdomverse completes $3.6 million in financing
Odaily News The mobile game metaverse project Kingdomverse has completed a US$3.6 million seed/strategic round of financing, and the specific financing information has not been disclosed. Kingdomverse is expected to launch the casual PVP TD game Defend the Kingdom on ImmutableX, the Ethereum NFT layer-2 expansion solution, where players can form teams to fight against enemies.
Digital fintech firm Mercurity Fintech raises $9 million through convertible note offering
Webacy is a technology layer that allows users to access their existing self-custodial wallets without the need for keys, seed phrases, or passwords, and provides security features to reduce the risk of assets being lost or stolen. (CoinDesk)
Mercurity Fintech will use funds to support Web3 and blockchain infrastructure development, expand its consulting services, and apply for a BitLicense for cryptocurrency licenses from the New York State Department of Financial Services. (Globe Newswire)
On February 7, Elementus, a blockchain data analysis company, completed a US$10 million A-2 round of financing at a valuation of US$160 million. ParaFi Capital led the investment, and Moonshots Capital, Spitfire Ventures, and Colaco Investment Group participated in the investment.
It is reported that this round of financing will be used for recruitment and new product development, and Elementus’ total financing has reached 27 million US dollars. (Fortune)
According to previous reports, in October 2021, Elementus completed a US$12 million Series A financing, led by Velvet Sea Ventures, with participation from Alameda Research, BlockFi, Pomp Investments, Lightspeed, Gemini Frontier Fund, Blockchain.com and Avon Ventures. Elementus provides blockchain compliance and data analytics solutions to government agencies, financial institutions, researchers and investors.
Odaily News Webacy, an encrypted wallet security layer, completed a $4 million seed round of financing, led by gmjp, with participation from Gary Vaynerchuk, AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers, and Miraise.
Webacy is a technology layer that allows users to access their existing self-custodial wallets without the need for keys, seed phrases, or passwords, and provides security features to reduce the risk of assets being lost or stolen. (CoinDesk)
SPACE ID 2.0 provides a one-stop Web3 domain name and identity platform to discover, register, trade and manage Web3 domain names. It also includes the Web3 domain name SDK & API for cross-blockchain developers, and launches multi-chain domain name services. The second of these supported TLDs, .arb, will open for pre-registration next week.
SPACE ID 2.0 provides a one-stop Web3 domain name and identity platform to discover, register, trade and manage Web3 domain names. It also includes the Web3 domain name SDK & API for cross-blockchain developers, and launches multi-chain domain name services. The second of these supported TLDs, .arb, will open for pre-registration next week.
global policy
The Ministry of Culture and Sports of South Korea intends to adjust the relevant regulations on game gifts and prohibit the provision of virtual assets and NFT
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