headlines
Solana co-creator Anatoly Yakovenko calls for a stop to allocating money to pre-sale projects
Odaily News Solana co-founder Anatoly Yakovenko forwarded ZachXBT’s statistical chart on the pre-sale project on the Solana chain and called for a stop to allocating money to the pre-sale project.
ZachXBT: 27 Solana chain pre-sale projects raised a total of over 655,000 SOL
Odaily News According to statistics from on-chain analyst ZachXBT, the recent 27 Solana ecological pre-sale Meme coin projects have raised a total of more than 655,000 SOL (approximately US$122 million); the top three projects in terms of fundraising amount are: artist @0x Dekadente smole (169982 SOL) initiated, Whales Market founder @Dexter_Cap initiated pre-sale (159782 SOL) for subsequent airdrop projects, and @Slerfsol initiated pre-sale project Slerf (54583 SOL).
Odaily News The U.S. Department of Justice submitted dozens of victim impact statements from FTX creditors on Monday.
The letters illustrate the financial insecurity, emotional burden and distrust in the financial system that FTXs collapse in 2022 has left on its creditors. Users shared their experiences of storing funds in FTX and the impact of FTXs bankruptcy on their lives. Some people lost their jobs due to health problems and relied heavily on funds stored in the FTX platform.
Additionally, some victims have expressed dissatisfaction with the compensation plan, noting that they will receive 100% compensation based on the value of their assets in November 2022 rather than current cryptocurrency prices.
SBFs defense team filed a sentencing memorandum last month urging District Judge Lewis Kaplan to impose a lenient sentence of no more than 6.5 years. The defense also submitted multiple letters of recommendation from SBFs parents and brother, followers of the Effective Altruism philosophy, former FTX employees and several others.
The verdict against SBF will be held at 9:30 US Eastern Time on March 28 (9:30 pm Beijing time that day). (CoinDesk)
Industry news
U.S. SEC delays decision on Hashdex and ARK 21 Shares Ethereum spot ETF applications
Odaily News The U.S. SEC postponed its decision on Hashdex and ARK 21 Shares Ethereum spot ETF applications and extended the deadlines to May 30 and May 24 respectively. (The Block)
Grayscale CEO: Expected to reduce GBTC fees in the coming months
Odaily News Grayscale CEO Michael Sonnenshein said that as the emerging crypto ETF market matures, it is expected to reduce GBTC fees in the coming months. Grayscale also hopes to introduce other ways for investors to access its Bitcoin ETF at a lower cost, including a mini version of its flagship product.
It is reported that GBTC has experienced more than $12 billion in outflows since converting to an ETF in early January, largely due to its higher-than-average fees. (CNBC)
MicroStrategy purchased approximately 9,245 new Bitcoins
Odaily News According to MicroStrategy founder Michael Saylor, MicroStrategy used the income from convertible notes and cash to newly purchase approximately 9,245 Bitcoins from March 11 to March 18, which is approximately US$623 million. The average price of a Bitcoin is approximately $67,382.
As of March 18, 2024, MicroStrategy held a total of 214,246 Bitcoins, with an average purchase price of $35,160 per Bitcoin, for a total of approximately $7.53 billion.
U.S. SEC: Genesis agrees to pay $21 million fine and reach settlement
Odaily News The U.S. Securities and Exchange Commission announced today that Genesis Global Capital, LLC has agreed to a final judgment ordering it to pay a $21 million civil penalty and impose a permanent injunction to resolve charges that it engaged in unregistered offerings and sales of securities through crypto-asset loans. program (the program name is Gemini Earn). (SEC official website)
Odaily News The market dynamics of Bitcoin’s recent rally to new all-time highs have changed, indicating that domestic demand for it in the United States has weakened. The seven-day moving average of the Coinbase Premium indicator has turned negative, according to data tracked by CryptoQuant. This indicator tracks the difference between Coinbase and Binance’s Bitcoin prices.
In other words, Bitcoin is now trading at a discount on Coinbase, the custodian of eight of the 11 Bitcoin spot ETFs launched in the United States two months ago. This development may reflect relatively weak net buying by U.S. investors. (CoinDesk)
Odaily News Nvidia founder Jensen Huang delivered an opening speech at the GTC conference in San Jose, USA. In this speech, Nvidia released their next-generation chip architecture Blackwell.
According to reports, the Blackwell GPU is named after mathematician David Harold Blackwell and also follows the Hopper architecture previously launched by Nvidia. Blackwell GPUs contain 208 billion transistors and can support AI models with up to 10 trillion parameters. In addition to the chip itself, this architecture also uses the fifth-generation NVLink high-speed interconnect and the second-generation Transformer engine, which are comprehensively upgraded in all aspects. According to Huang Renxun, this new chip will be available later in 2024.
Huang Renxun said that Nvidia plans to use Blackwell to enter artificial intelligence companies around the world in the future and sign contracts with all OEMs, regional clouds, national sovereign AI, and telecommunications companies around the world.
Odaily News Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, announced that it will seek to obtain information on investment diversification. This information is about illiquid assets in which the GPIF does not invest, including the typical crypto asset Bitcoin, as well as gold, forests and farmland.
GPIF currently invests in traditional assets such as domestic and foreign stocks and bonds, as well as alternative assets such as infrastructure and real estate. As of the end of December 2023, its asset management scale was approximately 225 trillion yen (approximately US$1.5 trillion).
It should be noted that this announcement is for obtaining information and does not indicate that the company will expand investment targets in the future. Based on the presentation materials, the company will consider whether to conduct future studies based on the information gathered. (Bloomberg)
Project News
Odaily News PeopleDAO core developer 0x AA posted on the You can no longer send transactions on Goerli and need to migrate to Sepolia or Holesky testnet as soon as possible.
Arbitrum: The second phase of ArbOS Atlas is online, and Arbitrum One gas fees are further reduced
Odaily News Arbitrum posted on the X platform that the second phase of ArbOS Atlas is now online, and the gas cost of Arbitrum One has been further reduced.
With the arrival of blobs, ArbOS Atlas also introduces significant execution gas fee reductions for Arbitrum One stage 2: L1 surplus fee: reduces the surplus fee per compressed byte from 32 gwei to 0; L2 basic Fees: Reduce minimum from 0.1 gwei to 0.01 gwei.
Canto plans to launch parallel execution EVM Cyclone Stack
Odaily News L1 Blockchain Canto plans to launch the parallel execution EVM Cyclone Stack. Cyclone Stack will remain fully compatible with EVM to provide users with a better experience.
The Callisto upgrade is expected to be released in the second quarter of 2024, with subsequent Elara and Kallichore upgrades planned for the second half of 2024.
Polyhedra Network has opened ZK airdrop applications
According to official news from Odaily, Polyhedra Network announced that it has opened ZK airdrop applications.
Odaily News Backpack posted on the KYC added 252,000 new users, bringing the total number of users to 560,000.
In addition, $141 million worth of tokens are hosted on its chain, 526,000 deposits and 266,000 withdrawals were facilitated, and there were approximately 792,000 transactions on the Solana network.
Aavegotchi will launch Layer 3 rollup using Base settlement in Q2 2024
Odaily News The Layer 3 rollup Gotchichain, specially designed for games on the Aavegotchi chain, will use Base as the settlement layer.
Gotchichain was originally developed using Polygons software package and will be launched in the second quarter of 2024, focusing on chain games.
It is reported that the Aavegotchi team will use Base to provide an on-chain gaming platform called Gaming Console.
Aavegotchi may also explore using the Optimism stack with Gotchichain to further expand and expand its ecosystem. (The Block)
According to official news from Odaily, NFT lending protocol NFTfi announced the launch of the NFTfi Foundation, which is dedicated to developing the infrastructure required for a healthy NFT credit market. The NFTfi Foundation will manage the NFTfi protocol and develop the NFTfi ecosystem until it can operate independently.
The Foundation is about to launch several initiatives and incentives to promote the use of the NFTfi protocol and NFTfi technology stack, and will also establish the NFTfi Council (Council) later this year as the first to balance stakeholder participation in key protocol decisions. step. The Council will launch and develop the NFTfi DAO to become a decentralized community that manages the development of the NFTfi protocol.
Social protocol The Arena announces the launch of the ARENA token and will launch an airdrop
According to official news from Odaily, the social protocol The Arena (formerly Stars Arena) announced the launch of the ARENA token and will launch an airdrop. The main function of ARENA will be as a governance token, which is an ERC-20 asset built on the Avalanche C chain. According to The Arena, a total of 37, 120, 167 points have been airdropped to more than 100,000 users. Each point will receive 60 ARENA tokens, which means the total airdrop amount will be 2, 561, 292, 000. ARENA Token. The Arena also stated that only 10% of all airdrop tokens will be distributed in the initial phase, with the remaining 90% expected to be distributed monthly over the next year. More specific details about ARENA will be released closer to launch.
Odaily news trevor.btc announced on the 30:30 to 5:30 a.m. on March 20. Currently, more than 18,200 THE PROPHECY have been mint.
Odaily News Meme project SLERF founder @Slerfsol posted on the X platform that a donation wallet has been set up, and LBank, as the first donor, will also serve as the custodian of the donation address. The SLERF team will not have access to the wallet, so the funds are safe.
Previously, SLERF founder @Slerfsol posted on the X platform that he would be looking for a trusted third party to set up a donation wallet, hoping to raise enough funds to fully or partially refund contributors during the pre-sale period.
Whales Market founder transfers large amount of SOL raised for his new AI project to Binance
Odaily News Solscan data shows that the founder of Whales Market deposited approximately 159,802 SOL to Binance about half an hour ago, worth US$27.64 million.
It was reported yesterday that the Solana on-chain AI concept project initiated by Whales Market founder dexter (@dexter_cap) has raised more than 155,000 SOL in half an hour, with a value of more than 32 million US dollars, reaching its hard cap of 30 million US dollars. Afterwards, dexter stated that it had deleted its previous fundraising announcement for its AI concept project so that people would stop sending SOL. Any excess amount will be refunded within the next 12 hours.
Dexter later posted on the X platform that refunds for the portion that exceeded the fundraising limit would soon begin, and that it would transfer the remaining funds to Binance and exchange them for stable coins to avoid a sharp depreciation of SOL. It also promised that the funds would be allocated reasonably.
Odaily News Meme project LADYS announced on the X platform that the Milady Wif Hat pre-sale raised 91,709 SOLs in just one hour. The team will distribute Milady Wif Hat (LADYF) tokens to qualified pre-sale participants and return 100% of SOL to the initial wallet. Refunds start at 18:00 today.
LADYF distribution details are as follows: 25% of tokens will be allocated to eligible pre-sale participants; 25% will be fair launched on DEX; 25% will be reserved for LADYS stakers, details to be determined; 25% will be airdropped to LADYF For buyers of the phone, more details are pending.
Officials stated that the upper limit of all pre-sale allocations is 8 SOL per wallet, and there will be an 8-day cliff. Then LADYF will be unlocked linearly within 88 days. According to the Solana block time distribution, users will need to claim tokens on the LADYF website. The website will be launched soon.
Odaily News The BNB Chain project Ents, which previously raised 20,000 BNB, only added 3,000 BNB to the liquidity pool, causing community dissatisfaction.
Ents founder @VT_BNB has posted on the X platform that he will definitely not use 20,000 BNB as a pot. Ents who previously applied for refunds have been distributed, and according to on-chain data, the current balance is approximately 15,166 BNB.
According to the latest disclosure from the project team, the pre-sale tokens will be airdropped and the tokens will be repurchased and destroyed at the same time, but the specific time has not been announced yet.
Investment and Financing
Immutable, King River Capital and Polygon Labs launch $100 million Web3 gaming fund
Odaily News Web3 game development platform Immutable, venture capital institution King River Capital and Polygon Labs have cooperated to establish a US$100 million Web3 game fund Inevitable Games Fund (IGF). IGF will provide high growth opportunities to professional and sophisticated investors in the Web3 gaming space.
Immutable and Polygon Labs will source investment opportunities, while King River will manage the investment process and put funds into game studios and Web3 infrastructure companies. (CoinDesk)
Odaily News Stellar Development Fund announced that it will launch the Soroban smart contract platform and invest $100 million in it to promote developers (including game manufacturers) to use the platform to create blockchain applications, including NFTs, games, and DeFi applications, and Incentivize and support projects that leverage the smart contract capabilities of its network. (Venturebeat)
Odaily News Singapore’s crypto trading platform Tokenize Xchange announced the completion of US$11.5 million in financing, with participation from Trive and others. This brings its Series A funding round to $23 million. The platform plans to raise $33 million by the end of 2024.
Tokenize plans to increase its headcount in Singapore fivefold over the next 18 months, and the new funds will be used for team development. The company plans to hire a large number of compliance and operations experts. Tokenize CEO Hong Qi Yu said in a statement that this is part of Tokenize’s efforts to comply with Southeast Asia’s complex regulations on digital assets. (Tech in Asia)
MANTRA completes new round of financing of US$11 million, led by Shorooq Partners
Odaily News According to official news, L1 blockchain MANTRA announced the completion of a new round of financing of US$11 million, led by Shorooq Partners, Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, 280 Capital and others participated in the investment, and the new funds are intended to be used to build compliant infrastructure, provide support to developers, and expand RWA tokenization.
Odaily News London-based encryption compliance platform Keyring announced on Tuesday the completion of a $6 million seed round of financing, led by Gumi Cryptos Capital and Greenfield Capital, with participation from Motier Ventures, Kima Ventures and others. The new financing will be used to expand its on-chain compliance platform.
It is reported that Keyring aims to help financial institutional investors interact with DeFi platforms in a compliant manner and restrict counterparty addresses, while also using zero-knowledge (ZK) proof technology to protect privacy and sensitive data.
Most recently, the company facilitated a proof-of-concept trial with Laser Digital, the crypto arm of Japanese banking giant Nomura, by building a compliant packaged version based on USDC. (CoinDesk)
Odaily News Asset hedging protocol Umoja announced that it has raised US$2 million in its second seed round of financing, with participation from Coinbase, 500 Global, Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion and Avalanche’s Blizzard Fund. So far it has raised The total amount of seed funding completed reached US$4 million. Umoja was founded by Robby Greenfield, former head of social impact business at ConsenSys, to help users insure against investment losses like a hedge fund to ensure their financial health, and to introduce asset risk management in the DeFi field. (Cointelgraph)
Odaily News Hybrid cryptocurrency exchange GRVT announced the completion of a strategic round of financing of US$2.2 million. QCP Capital, Selini Capital, Antelope, Pulsar Trading and Ampersan participated in the investment. Its total financing amount so far has reached US$9.3 million. GRVT said that upon completion of this funding round, it will launch a central limit order book for perpetual contracts and options trading, as well as request for quote (RFQ) and spot trading later this year. (thedefiant)
Odaily News OrangeDX, a DeFi development company on the Bitcoin chain, announced the completion of US$1.5 million in financing, with participation from GBV Capital, Odiyana Ventures, Triple Gem Capital, Nxgen, X 21, Spicy Capital, Alphabit Fund, FundLand Capital, etc.
It is reported that OrangeDX is a multi-faceted Bitcoin protocol platform. Its core is a native DEX aggregator. It aims to use the Bitcoin blockchain to expand trading, bridging, lending and other services, thereby further expanding the BRC-20 ecosystem, and is also committed to To cultivate new projects through the ILO mechanism. (Globe Newswire)
Odaily News Blast ecological DeFi project Juice completed US$1 million in new financing, bringing the total financing amount to US$7 million. Arthur Hayes, Delphi Digital, DWF Ventures, Spencer and others participated in the investment.
It is reported that Juice is built by the full chain and Bitcoin DeFi infrastructure OMEGA team based on Blast. Its TVL reaches US$115 million.
Odaily News Web3 digital content verification platform Bitbrand announced the completion of US$500,000 in financing. Hustle Fund, Side Door Ventures, GFR Fund, etc. participated in the investment. It is reported that this is the first external financing for the project. Bitbrand mainly uses Web3 technology to verify that digital content is fashion, Art and luxury consumers offer utility. (prnewswire)
Web3 game launch platform HyperPlay receives strategic investment from Square Enix
Odaily News Final Fantasy developer Square Enix announced on Tuesday its investment in Web3 game launch platform HyperPlay and will launch its original Ethereum NFT game Symbiogenesis on the platform. HyperPlay declined to disclose the specific investment amount as part of the platforms strategic financing.
Symbiogenesis, which first launched last December, is a narrative role-playing adventure game built around characters minted on Ethereum NFTs, in addition to minting a number of tokenized in-game items on Polygon.
Symbiogenesis will join HyperPlay as part of a partnership with Square Enix. (Decrypt)
Character*Voice
SBF: A 50-year sentence is only suitable for supervillains
Odaily News FTX co-founder SBF said that the US prosecutors’ recommendation to imprison him for up to 50 years “distorted reality” and painted him as a “depraved super villain”.
Prosecutors argued that the historic crime, which involved more than 1 million victims and more than $10 billion in losses, warranted a sentence of 40 to 50 years.
The Manhattan federal prosecutor told the judge who will sentence SBF on March 28 that SBF displayed unparalleled greed and arrogance, and that the illegal conduct was based on vicious megalomania and was guided by the defendants own values and sense of superiority. The governments request was well below the 100 years recommended in U.S. criminal sentencing guidelines, but well above the six and a half years suggested by SBFs attorneys.
SBFs attorneys wrote: The much-hostile memo distorts reality to support its precious loss narrative and paints SBF as a depraved supervillain; it attributes dark and megalomaniacal motives to him , which is completely contrary to the record; it makes doomsday predictions for recidivists; and employs medieval views of punishment to arrive at sentencing recommendations that amount to life in prison. This is not justice. (Bloomberg)
Su Zhu: The emergence of Ethena may make ETH retrace deeper and rebound faster
Odaily News Su Zhu said on the Cover the contract and go long again. However, due to the existence of Ethena, some positions have now been pledged and turned into US dollars (this should mean that some spot and futures short positions have been pledged and minted USDe through a combination). This could mean a deeper retracement and faster rebound for ETH.
Odaily Note: Ethena Labs is the development team of the stable currency USDe. The characteristic of USDe is that its collateral assets are composed of equal amounts of spot ETH and futures ETH short positions.
Matrixport: Gas fees drop, Ethereum is losing upward momentum
Odaily News Matrixport released the latest report. As expected a week ago and in its Matrix on Target report, gas fees have dropped and Ethereum is losing upward momentum. Matrixport also warned that the approval of an Ethereum ETF is in dispute, with a major catalyst removed following the Dencun upgrade. Matrixport therefore recommends using Ethereum as a tool to hedge (short) any Bitcoin longs.
Odaily analyst PlanB said that Bitcoin prices are rising, but still very slowly (5-10% per month), and the current market is comparable to mid-2012, early 2017, and October 2020. According to the S2F model forecast released on Monday, BTC will rise to US$50,000 in the 2020-2024 halving cycle, BTC will rise to approximately US$500,000 in the 2024-2028 halving cycle, and BTC will rise to approximately US$500,000 in the 2028-2032 halving cycle. will rise to approximately $5 million, with exponential growth expected to continue. (Bitcoin.com)
Justin Sun: Decided to donate all SLERF transaction revenue on HTX
Odaily News Sun Yuchen posted on the
According to previous news, @Slerfsol, the founder of Meme project SLERF, which has raised more than 50,000 SOL, posted on the X platform yesterday that he had destroyed LP and airdrop reserved tokens due to misoperation, and the minting rights have also been revoked, and there is nothing he can do.
@Slerfsol posted today that it will be looking for a trusted third party to set up a donation wallet, hoping to raise enough funds to provide full or partial refunds to contributors during the pre-sale period. Later @Slerfsol announced that a donation wallet has been set up, and LBank, as the first donor, will also serve as the custodian of the donation address.
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