headlines

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headlines
OKX will conduct an airdrop to the damaged users of the CELT project
According to official news from Odaily, OKX released the "Explanation and Disposal Plan on the Large Fluctuation of CELT Project Price on the OKX Platform".
1. CELT is a Gamefi project invested by OKX Ventures in September 2021. The investment amount is 100,000 US dollars. According to the investment agreement, relevant tokens will be unlocked within one year. These tokens are locked in the OKX Ventures account and no operations have been performed. In addition, OKX Ventures has no connection with the project party. Previously, many KOLs promoted it in the name of "OK's son" on social media platforms. This behavior is not allowed by the OKX platform.
Odaily News NFT market Blur replied to the community about "relevant addresses abusing fraudulent bidding strategies to obtain BID points", saying that in the second quarter airdrop, all wallet addresses suspected of fraudulent bidding will be filtered.

Blur: Addresses suspected of fraudulent bidding will be disqualified for air investment in the second season

Odaily News NFT market Blur replied to the community about "relevant addresses abusing fraudulent bidding strategies to obtain BID points", saying that in the second quarter airdrop, all wallet addresses suspected of fraudulent bidding will be filtered.

Industry news

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Industry news
Coinbase Launches 'Crypto 435' Advocacy Campaign to Advance Pro-Crypto Policies in 435 U.S. Congressional Districts

Odaily News According to official Twitter, Coinbase announced the launch of the "Crypto 435" advocacy campaign, which will promote support for encryption policies in the 435 congressional districts of the United States. It is reported that the "Crypto 435" campaign aims to develop the crypto advocacy community and share tools and resources, calling for the voices of advocates to be heard by lawmakers and regulators in Washington, D.C., and U.S. state capitals to make decisions about the future of cryptocurrencies.

Currently, registration for the "Crypto 435" advocacy campaign website is open.
Binance: The transfers mentioned by Forbes are all user-initiated behaviors, and assets always maintain a 1: 1 reserve
Odaily News Binance released "Response to Forbes' "False Allegation" on February 27". According to the article, Binance recharges a large number of encrypted assets into the user’s account address every day, and a large number of users withdraw cash to different wallet addresses. The transfers to the addresses of Amber Group, Alameda Research and Justin Sun mentioned in the Forbes article are all Spontaneous behavior of these institutional users or individual users.

In response to Binance-Peg BUSD related matters, “Binance will regularly rebalance or update the assets of the anchor address, but before this rebalancing and updating cannot be guaranteed to be completely real-time, so we have increased the frequency of rebalancing and updating before. , to ensure that the anchor ratio is 1:1 at all times."

In addition, Binance has never embezzled user funds, whether it is the assets of the centralized exchange or the collateral of the B-token, it always maintains a 1: 1 fund reserve.
DCG lost $1.1 billion last year, holding $262 million in cash and cash equivalents
Odaily News Due to the decline in cryptocurrency prices and the default of Three Arrows Capital, which led to the reorganization of Genesis, an encrypted lending platform, Digital Currency Group (DCG) lost $1.1 billion last year, and its annual comprehensive income was $719 million. DCG posted a loss of $24 million on revenue of $143 million in the fourth quarter of last year.

As of December 31, 2022, DCG held total assets of $5.3 billion. Of that, cash and cash equivalents were just $262 million. Invested assets including tokens, Grayscale Trust shares, venture capital and fund investments amounted to $670 million. DCG said the rest of the assets are held primarily by the Grayscale and Foundry units.

Despite last year's challenges, DCG said it had "reached a milestone" in Genesis' restructuring, noting a non-binding agreement involving some key creditors. (CoinDesk)
The US SEC issued a subpoena for Robinhood's encryption business investigation in November last year
Odaily News Robinhood Markets disclosed in the 10-K document released on Monday that shortly after FTX filed for bankruptcy protection in November last year, Robinhood received a subpoena from the US SEC for investigating its encryption business, which involved Robinhood's "cryptocurrency online, encryption Currency Custody and Platform Operations".
In addition, Robinhood received a similar subpoena request from the California Attorney General's Office regarding its trading platform, custody of client assets, client disclosures, and token listings. The company is cooperating with the California investigation.

Robinhood noted in the filing that if the SEC or a court rules that any of the cryptocurrencies it supports are securities, Robinhood could be forced to stop trading those cryptocurrencies. Such conduct may result in regulatory penalties, customer liability, and judicial or administrative sanctions.

Shares of Robinhood fell 0.5% in after-hours trading on Monday. The SEC did not immediately respond to a request for comment. (CoinDesk)

Voyager reaches agreement with Alameda to retain $445 million in loan claims

Voyager Digital has agreed to keep $445 million after Alameda Research sued Voyager Digital over loan repayments. Lawyers filed a motion Monday to allow Voyager debtors to reach an agreement with FTX debtors and the official committee of unsecured creditors in each bankruptcy case. The parties agreed to engage in non-binding mediation and establish a framework for litigation of the remaining dispute, which could pave the way for FTX and Alameda Research to recover assets. Lawyers are asking a U.S. federal judge to review the rule at a March 8 hearing. (The Block)
People familiar with the matter: Visa and Mastercard will suspend new cryptocurrency partnerships
A Visa spokesperson said, “The recent failures in the crypto space are an important reminder that we still have a long way to go before cryptocurrencies can become mainstream payments and financial services.” (Reuters)

MyAlgo wallet attack may have resulted in the theft of more than $9.2 million in assets on Algorand

ZachXBT, an on-chain data analyst from Odaily, tweeted that more than $9.2 million in assets (19.5 million ALGOs, 3.5 million USDCs, etc.) may have been stolen from Algorand due to attacks on the Algorand ecological wallet MyAlgo from February 19th to 21st. .
MyAlgo wallet attack may have resulted in the theft of more than $9.2 million in assets on Algorand
MyAlgo said the hack occurred more than a week ago and no other action has taken place since. The attacked users all had large amounts of funds on their accounts and used mnemonic wallets with keys stored in their browsers. Nobody uses hardware wallets. MyAlgo will continue to work closely with the authorities and conduct a thorough investigation to determine the root cause of the attack.

Project News

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Project News
Ethereum Sepolia Testnet Activates Shapella Upgrade

Odaily News EIP-4895 initiator Alex Stokes tweeted that the Ethereum Sepolia testnet has activated the Shapella upgrade, and it seems to be going well so far.

According to previous reports, the core developers of the Ethereum blockchain plan to upgrade Shanghai+Capella on the Sepolia test network at epoch 56832 on February 28. Shanghai+Capella, also known as Shapella, is designed to allow ETH withdrawals from network validators, a feature that was not enabled during the network’s transition to PoS consensus (the “merge”). This upgrade combines changes to the execution layer (Shanghai) and the consensus layer (Capella).
The EOS EVM final testnet will be launched on March 27th, and the mainnet Beta version will be released on April 14th

Sui released a summary of Testnet Wave 2: a total of 36.5 million transactions and 7.35 million pledge operations have been processed

Odaily’s public chain project Sui Network issued an article summarizing that during the operation of Sui Testnet Wave 2, more than 7,000 nodes were connected to 41 validators, processing a total of 36.5 million transactions, an increase of 1.6 times compared to Wave 1; a total of 3.24 million NFTs , 1.34 million SUIs have been pledged, and 7.35 million pledge operations have been processed.
Compared with the first three weeks of January, Sui Wallet’s DAU increased 2.2 times during Wave 2 to 171,000; Sui Wallet’s installations more than quadrupled to 333,000. Sui Explorer reached an all-time high with 1 million page views and 571,000 unique visitors.
In addition, Wave 2 has made a series of improvements to Token management, such as increasing the default number of faucets during periods of high Gas prices, adding basic Token management for Sui Wallet pledges, etc. Sui will also support programmable transactions in the future to simplify token management for applications.
Sui Network also stated that the next milestone is to launch a permanent testnet for the builder community, which will no longer be temporary.

The EOS EVM final testnet will be launched on March 27th, and the mainnet Beta version will be released on April 14th

Odaily News Yves La Rose, founder and CEO of the EOS Network Foundation, tweeted that the EOS EVM final testnet release date is March 27, and the mainnet Beta release date is April 14.

Optimism Goerli will undergo a hard fork upgrade in mid-March, developers need to update nodes in time

Axelar Network Launches Axelar Virtual Machine and Launches $5M Developer Grant Program
Users do not need to take any action and experience no interruption or downtime. Partners and project running nodes on Optimism Goerli will need to upgrade their nodes when op-geth and op-node updates are released.

zkSync∎Engineering Director: The Alpha phase protocol is still being perfected in the private library, and will gradually realize full open source

Odaily news zkSync ∎ engineering director Anthony Rose tweeted that zkSync ∎ must be open source, but a responsible open source work requires reasonable arrangements. For open source projects, someone will fork the code and deploy scams to harm users; attackers Will research code and exploit vulnerabilities; responding to code issues submitted by the community, reviewing code requires a lot of work.
During zkSync∎ Alpha, the team will prepare and deploy patches from private repositories, which are more secure than public repositories, and once the system is more mature, the protocol will move to a model where all development takes place in public repositories.

The Ethereum expansion project Scroll has launched the Alpha testnet on Goerli

Odaily News The Ethereum expansion project Scroll announced that its Alpha test network is now live on Goerli, and any user can participate in its technical testing without permission. Additionally, Scroll is committed to iterating and improving the performance of the zkEVM in the coming months.

The Compound community initiates a proposal to deploy Compound v3 to Arbitrum

Odaily news According to the information on the relevant page, the Compound community initiated a proposal to deploy Compound v3 to Arbitrum. The proposal was initiated by Penn Blockchain (FranklinDAO). According to the proposal, from the perspective of TVL and real-time dApp data, Arbitrum is the leading Ethereum Layer 2 network, and the deployment of Compound v3 to Arbitrum will be an important step in the development of the protocol.

Sushi CEO: Currently Sushi has about $30.6 million in assets and spends $5 million a year

Odaily News Sushi CEO Jared Gray issued a document saying that Sushi currently has assets of about 30.6 million US dollars, with a burn rate of about 5 million US dollars per year; Sushi is also expected to receive about 14 million US dollars per year in new fee income. “We are positioned for high growth in our 2023 roadmap to become a major cross-chain DEX.”

Axelar Network Launches Axelar Virtual Machine and Launches $5M Developer Grant Program

Odaily News According to official news, the universal interoperability platform Axelar Network launched the Axelar Virtual Machine (VM), which can simplify the developer experience. Developers only need to build a DApp once, and it can run on all chains.
It is reported that the Axelar virtual machine includes two products: Interchain Amplifier, which can be connected to any chain at will; Interchain Maestro, which automates complex tasks by orchestrating multi-chain DApp management.
It is reported that the Axelar virtual machine includes two products: Interchain Amplifier, which can be connected to any chain at will; Interchain Maestro, which automates complex tasks by orchestrating multi-chain DApp management.

The new version of Damus supports using the zaps function to post posts to earn Bitcoin

Odaily news Layer 2 network Base issued an article saying that its vision is to bring more than 1 billion people to the chain; in the next 5 days, it will improve the artwork on the "Base, Introduced" NFT and tell the story of the Base builder; From today to March 6, you can check the latest progress of NFT at 12 noon every day.

Optimism Ecological NFT Marketplace Quix Announces Cancellation of Plans to End Operations

Odaily News Optimism ecological NFT market Quix tweeted, "The Quix market will not be closed. We can't reveal too much yet, but a prominent player from the Web3 game field has a plan to keep the mission of Quix and the vitality of the community. Please continue Stay tuned for more announcements.”
According to previous reports, in November 2022, Quix, the Optimism ecological NFT market, announced that the Optimism Foundation will open source the Quix code on behalf of the Optimism community. This means that while Quix as a company is coming to an end, starting January 6, 2023, its code will be free for the community to use and build upon. Quix is ​​working with the Optimism Foundation to ensure a smooth transition and its team is committed to maintaining operations until February 28, 2023.

Yuga Labs to Launch Bitcoin NFT Series TwelveFold

Odaily News Yuga Labs announced that it will launch the NFT series TwelveFold on the Bitcoin blockchain based on the Ordinal Theory protocol. The collection will consist of 300 limited-edition pieces of generative art, each engraved on the Bitcoin blockchain. Each NFT piece is a 12 x 12 grid, incorporating 3D graphics and hand-drawn features, designed and created by Yuga Labs' in-house art team. The company stated that TwelveFold is not associated with any of its IP on the Ethereum chain and will not have any interaction in the future.
Yuga Labs said it will announce auction details later this week and will provide information 24 hours before the actual auction. (The Block)

Base: The artwork will be perfected on a commemorative NFT, telling the story of the builder

Odaily news Layer 2 network Base issued an article saying that its vision is to bring more than 1 billion people to the chain; in the next 5 days, it will improve the artwork on the "Base, Introduced" NFT and tell the story of the Base builder; From today to March 6, you can check the latest progress of NFT at 12 noon every day.

Esports Player Mongraal Sells 'Jimmy Keys' for 1000 WETH

Odaily News E-sports player and anchor Mongraal tweeted today that he has agreed to sell the Dookey Dash game NFT "Jimmy Key" to Upstate Shredding CEO Adam Weitsman for 1,000 ETH (approximately $1.6 million).
Odaily News E-sports player and anchor Mongraal tweeted today that he has agreed to sell the Dookey Dash game NFT "Jimmy Key" to Upstate Shredding CEO Adam Weitsman for 1,000 ETH (approximately $1.6 million).

Investment and Financing

According to Opensea data, "Jimmy Key" Sewer Pass #21915 was sold 5 hours ago for 1000 WETH to Adam Weitsman.

Investment and Financing
Odaily News Sequoia China Seed Fund announced that its third seed fund has completed a fundraising of US$480 million last year. At present, the management scale of Sequoia Seeds is nearly 15 billion RMB. It is one of the largest early-stage funds under management in China.

Mobile network service provider REALLY completes $18 million in seed round financing, led by Polychain

Odaily News Decentralized mobile network service provider REALLY announced the completion of $18 million in seed round financing, led by Polychain, Floodgate founding partner Mike Maples Jr. and other strategic partners participated in the investment.
It is reported that REALLY will launch a new phone service powered by the decentralized mobile network (DeWi).

Metaverse game platform Avalon Corp completes $13 million in financing, with participation from Coinbase Ventures and others

Odaily News Yuan Universe game platform Avalon Corp announced the completion of a new round of financing of 13 million US dollars, jointly led by Bitkraft Ventures, Hashed, Delphi Digital and Mechanism Capital, Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures participated .
It is reported that Avalon Corp will use blockchain technology and game engines to build a "digital universe" platform, aiming to build a real "metaverse". At the same time, it also stated that although there are bad actors in cryptocurrency and chain games, they still hope to use Taking advantage of emerging technologies to provide services to users, as blockchain is "perfect for disrupting paradigms."

Decentralized exchange DigiFT completes $10.5 million Pre-A round of financing led by Shanda Group

Odaily News According to official news, DigiFT, a decentralized digital asset exchange focusing on asset-backed tokens (STO), announced the completion of a $10.5 million Pre-A round of financing, led by Shanda Group, HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd ., Beituo Capital participated in the investment.
After this round of financing is completed, the recruitment plan will be further advanced to support the rapid growth of subsequent businesses. DigiFT will seek talents with both traditional financial and Web3 experience to deploy in Singapore and other regions where DigiFT plans to expand.

Decentralized exchange Mangrove closes $7.4M Series A led by Cumberland and Greenfield Capital

Odaily News Decentralized exchange Mangrove completed a US$7.4 million Series A financing, led by Cumberland and Greenfield Capital, with participation from CMT and Gumi Crypto Capital (gCC). Mangrove will launch first on Polygon and will roll out to multiple Ethereum Virtual Machine (EVM) compatible chains this year. (The Block)

Ether.Fi, a non-custodial liquidity staking platform, completes $5.3 million in financing, led by North Island Ventures and others

Odaily News Ether.Fi, a decentralized non-custodial liquid staking platform, completed a $5.3 million financing, led by North Island Ventures, Chapter One and Node Capital, and BitMex founder Arthur Hayes participated in the investment.
Odaily News Ether.Fi, a decentralized non-custodial liquid staking platform, completed a $5.3 million financing, led by North Island Ventures, Chapter One and Node Capital, and BitMex founder Arthur Hayes participated in the investment.

Decentralized asset management platform Hashnote receives $5 million investment from Cumberland Labs

It is reported that Chicago-based Cumberland will become the first market maker on Hashnote. Cumberland Labs is an independent entity based in Singapore that works closely with companies such as DRW.
It is reported that Chicago-based Cumberland will become the first market maker on Hashnote. Cumberland Labs is an independent entity based in Singapore that works closely with companies such as DRW.

Term Labs Closes $2.5M Funding Round Led by Electric Capital

Odaily News Term Labs announced the completion of a new round of financing of US$2.5 million, led by Electric Capital, with participation from Circle Ventures, MEXC Ventures, Coinbase Ventures, etc. The new funds will be used to build DeFi fixed-rate products.
Term Labs Closes $2.5M Funding Round Led by Electric Capital

Odaily News Term Labs announced the completion of a new round of financing of US$2.5 million, led by Electric Capital, with participation from Circle Ventures, MEXC Ventures, Coinbase Ventures, etc. The new funds will be used to build DeFi fixed-rate products.

Odaily News According to the official Twitter, Arbitrum-based healthy lifestyle app Gosleep announced the completion of $2 million in financing, led by Foresight Ventures, with participation from CCC Capital, Amber Group, SevenX Ventures, KuCoin Ventures, and Gate Labs.
It is reported that Gosleep aims to motivate players to pursue a healthy lifestyle, and help players gradually develop healthy sleep habits through personalized sleep suggestions for sleep patterns.

Wakweli, the NFT authentication protocol, completed a $1.1 million seed round of financing, with Summit and others participating

Wakweli, the NFT authentication protocol, completed a $1.1 million seed round of financing, with Summit and others participating
Wakweli's goal is to increase trust in Web3 with the support of the community and partners, detect the authenticity of NFT through its "Proof-of-Democracy" consensus algorithm, and enable the NFT market, buyers and creators to benefit from NFT and other tokenized assets. benefit from the provability of . Wakweli launched its website and white paper last year and is currently preparing a foundation to perform governance. (egamers)

Odaily news NFT certification protocol Wakweli announced the completion of a $1.1 million seed round of financing, blockchain investment company Summit, Funfair Ventures and a group of angel investors participated in the investment.

Wakweli's goal is to increase trust in Web3 with the support of the community and partners, detect the authenticity of NFT through its "Proof-of-Democracy" consensus algorithm, and enable the NFT market, buyers and creators to benefit from NFT and other tokenized assets. benefit from the provability of . Wakweli launched its website and white paper last year and is currently preparing a foundation to perform governance. (egamers)
Everywhere Finance Completes $1.1M Token Presale, Plans to Launch Beta Version on March 15th
It is reported that Everywhere Finance was founded by Naïm Boubziz, a former core member of SushiSwap and former LayerZero and Stargate contributor.

Fashion NFT platform OWND completes $750,000 Pre seed round of financing, co-led by Founders and Skyfall

Fashion NFT platform OWND completes $750,000 Pre seed round of financing, co-led by Founders and Skyfall

Encrypted payment start-up FLUUS completed a pre-seed round of financing of US$600,000, with participation from FHS Capital and others

Encrypted payment start-up FLUUS completed a pre-seed round of financing of US$600,000, with participation from FHS Capital and others

Merit Circle Invests $250,000 in Web3 Gaming Platform Particle Ink

Odaily news chain game association Merit Circle announced that it has reached a cooperation with Web3 game platform Particle Ink, and invested 250,000 US dollars in Particle Ink, and served as a consultant in the company.
It is reported that Particle Ink aims to bring a new gaming experience by combining AR technology, artificial intelligence and Web3 technology. Particle Ink also includes in-game NFT assets and community tokens that support in-game transactions.

Omniapp.ai Completes Pre Seed Round Financing, Meldstone Capital and Others Participate

Odaily news Omniapp.ai completed the Pre seed round of financing, Meldstone Capital and others participated in the investment. Omniapp.ai will release an AI app, Telegram and discord bot backed by the OMP utility token in the coming weeks. (martech series)

global policy

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global policy

Beijing Market Supervision Administration: Propaganda about virtual currencies and transactions are not allowed

Odaily News According to the Beijing Business Daily, the Beijing Market Supervision and Administration Bureau recently released compliance guidelines for Beijing’s financial investment and wealth management advertisements. Inappropriate Financial Products and Services.
Insider: U.S. House Digital Assets Subcommittee to Hold First Hearing on March 9

Odaily News According to three people familiar with the matter, the U.S. House of Representatives Financial Services Committee’s newly established digital assets subcommittee will hold its first hearing on cryptocurrency regulatory “attacks” on March 9. While the subcommittee has yet to finalize the list of witnesses, the hearing will weigh recent actions by financial regulators against crypto companies.

Odaily News The Prudential Regulation Authority (PRA), which oversees UK banks, is planning to propose rules on the issuance and holding of digital assets in order to clarify its attitude towards stablecoins and other digital assets that may pose risks to financial stability. Once the Financial Services and Markets Act becomes law, authorities will have powers to regulate the industry, and the UK government is currently consulting on how it should be regulated. (CoinDesk)

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V God: Simple and fully functional UI is important for wallet adoption

V God: Simple and fully functional UI is important for wallet adoption
Vitalik said that the user experience has improved tremendously over the years — notably from the average transaction taking minutes before EIP-1559 to seconds after EIP-1559 and the merger, and how easy it is to use Ethereum. Huge changes happen. But there is still more work to be done. A clean and uncluttered UI is better than one that presents the user with more details, at least making it easier for the user to understand what's going on and fix any issues that arise.