Headlines
FTX Digital Customers and Non-Customer Creditors Must Submit Claims or Proof of Claims by May 15
FTX Digital Markets Ltd (FTX Digital) Joint Official Liquidator (JOL) has notified customers and non-customer creditors to submit claims or proof of claims in the liquidation through the FTX Digital Claims Portal, which has been activated. Eligible customers and non-customer creditors need to submit their claims promptly. Users can check their balances in their FTX accounts (according to the records of the Joint Official Liquidator) on the website and submit electronic claims for the FTX Digital liquidation by the deadline of May 15, 2024.
Tether Issued 1 Billion USDT on Ethereum Network (Authorized but Not Issued Yet)
Tether issued 1 billion USDT on the Ethereum network. Paolo Ardoino, CEO of Tether, stated that this 1 billion USDT is a replenishment of the inventory on the Ethereum network. This is an authorized but not yet issued transaction, indicating that this issuance will be used for the next issuance request and inventory for cross-chain exchanges.
Binance Labs announced the selection of 13 early projects for the seventh season of the MVB VII accelerator program, a 10-week accelerator program jointly operated by the community-driven blockchain ecosystem BNB Chain and Binance Labs.
DeFi includes:
BitU: A crypto-native collateralized stablecoin protocol that provides higher yields using off-chain liquidity and efficiency.
Blum: A hybrid exchange that offers universal token access through gamification within the Telegram mini-application.
Surf: A liquidity hub for long-tail assets, such as leveraged trading for small-cap tokens, pre-market trading, and point trading, among others.
Vooi: A cross-chain Perp DEX aggregator that supports EVM and non-EVM chains.
Infrastructure includes:
Aggregata: Aiming to expand the decentralized value of AI data, supported by DePIN-driven aggregation.
Nesa: A lightweight Layer-1 that uses ZKML on-chain for crucial AI inferences requiring high privacy, security, and trust.
Nimble: A composable AI protocol that enables ML models and data to be combined and utilized by AI agents, data providers, and computing resources.
Application layer includes:
Aspecta: An AI-driven platform for a new paradigm in developer economy, providing support for individual developers and ecosystem development.
Holoworld: A decentralized AI character marketplace and social platform, allowing anyone to create AI robots with just a few clicks.
Opinion Labs: Building dynamic opinion and continuous prediction markets.
Side Quest: A game and social platform with a strong community.
Story Chain: An innovative multi-layered dApp based on AI to facilitate collaborative storytelling.
Tilted: A marketplace similar to TikTok for buying, selling, and trading game assets, skins, and NFTs on-chain.
Ordinals developer Leonidas posted on X platform, "Earlier today, Runestone mined the largest block in Bitcoin history. Together, we created the largest Ordinals inscription in history, reaching a size of 3.97 MB."
Industry News
Data from The Block Pro shows that the adjusted total on-chain transaction volume of BTC and ETH in February increased by 3.2% to $369 billion (BTC decreased by 0.6%, ETH increased by 9.2%).
Riot Platforms CEO: Riot Bitcoin Mining Cost in 2023 Was $7539
Jason Les, CEO of Riot Platforms, stated in an interview that the Bitcoin mining cost for Riot Platforms in 2023 was $7539. Riot's 24-year strategy is to mine more Bitcoin.
Les emphasized that with the push for a Bitcoin spot ETF, a large amount of capital has flowed into Bitcoin, supporting price growth and benefiting miners. Les stated that the halving is advantageous for mining companies because it raises the price of Bitcoin, which is at the core of their business model. (CryptoGlobe)
SEC Commissioner Hester Peirce: Regulators Considering Ethereum Spot ETF
Hester Peirce, commissioner of the U.S. Securities and Exchange Commission, revealed at the ETH Denver event that the SEC is considering an Ethereum spot ETF, but currently "there is no information that can be disclosed." In addition, Hester Peirce believes that some of the choices made by the SEC are very strange, "because when regulators drive entities out of the United States, they are actually pushing them beyond the control of U.S. regulators." (Decrypt)
Hungary has proposed a legislative proposal to establish a digital asset regulatory framework with the Hungarian central bank as the primary regulatory authority, and to support banks, investment funds, and asset management companies to provide Bitcoin and other cryptocurrency services. If this bill is passed, it will be a significant step forward in allowing traditional financial institutions to incorporate crypto services, and once approved, the related laws are expected to take effect on June 30. (Bloomberglaw)
Project News
Uniswap Initiates "Activate Uniswap Protocol Governance" Proposal Vote, Expected to End on March 7
Uniswap has initiated the "Activate Uniswap Protocol Governance" proposal vote, and the on-chain vote is expected to end on March 7. According to a previous temperature check proposal, this proposal suggests upgrading protocol governance, involving: enabling permissionless and programmatic collection of protocol fees; distributing any protocol fees proportionally to UNI token holders who have staked and delegated their voting rights; allowing governance to continue controlling core parameters: which pools need to pay fees and the size of the fees.
The founder of Jupiter posted on X platform, stating that DAO will be launched next week and will be one of Jupiter's three core strategies. The first phase of Jupiter is a product-centric project, pushing for a transformation from a single product to a full-stack ecosystem. The future plan involves integrating five key components including users, teams, workgroups, Catdets, and DAO to build a unique, efficient, vibrant, and collaborative community.
Bitcoin Layer2 project SatoshiVM announced the planned launch of the Alpha mainnet on March 12, which will introduce a range of features including support for staking SAVM, token bridging, deployment of tokens within 30 seconds, incentive airdrops for SAVM stakers, and low-cost trading of BRC20 tokens.
Puffer Finance will update its points policy, effective from 16:00 on Tuesday next week (March 5, Beijing time), including: - Only users who deposited before the announcement deadline on February 9 are eligible to earn EigenPoints. - Users meeting the criteria who transfer pufETH out of their wallets will cease to accumulate EigenPoints. - Providing pufETH liquidity for DeFi integration protocols will not affect EigenPoints.
It is worth noting that if users have transferred out pufETH, they need to transfer it back to their wallets by Monday to continue earning EigenPoints.
Ethereum Layer 2 network Taiko has completed a $15 million Series A financing round, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures, and GSR, among others.
OKX Ventures announced an additional investment in the Ethereum Layer 2 network Taiko. Taiko is a decentralized Type-1 ZK-EVM.
The developer of the decentralized reputation protocol OpenRank, Karma3 Labs, announced the completion of a $4.5 million financing round, led by Galaxy and IDEO CoLab Ventures, with participation from Spartan, SevenX Ventures, HashKey, Flybridge, Delta Fund, Draper Dragon, and Compa Capital, among others.
Sui ecosystem lending protocol Scallop has announced the completion of a $3 million strategic financing round, led by THE CMS and 6MV, with participation from KuCoin Labs, 7UpDAO, Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital Group, Mysten Labs, and Kyros Ventures, among others.
Homomorphic encryption privacy protection technology developer Fair Math has announced the completion of a $1.4 million Pre-Seed financing round, led by gumi Cryptos Capital, Inception Capital, and Polymorphic Capital.
Web3 security startup CredShields has announced the completion of a $1 million strategic financing round, with participation from Draper Associates. The company primarily provides Web3 security services, offering solutions to protect digital assets and ensure the integrity of blockchain-based transactions. The new funds will be used to accelerate the development of automated and simplified smart contract auditing tool SolidityScan.
Robert Kennedy: Bitcoin Can Help People Avoid Inflation and Achieve Financial Freedom
Robert F. Kennedy Jr.: Bitcoin Can Help Middle Class Trade Freely
U.S. presidential candidate Robert F. Kennedy Jr. recently stated in an interview that Bitcoin needs to be "made available for the middle class to transact." He emphasized, "We need to make sure that people who want to protect themselves from the effects of inflation can have Bitcoin, but also ensure that they have the freedom to transact. The government cannot digitize our currency like Canada… As long as the government controls digital currency, we will not achieve transaction freedom, which can only be achieved through Bitcoin." (Bitcoin.com)
Jake Chervinsky, Chief Legal Officer of venture capital fund Variant, is skeptical about the approval of a spot Ethereum ETF this year. Chervinsky stated that despite the success of Bitcoin ETFs, the U.S. SEC faces increasing political pressure and market instability, which may affect their decision-making process.
Chervinsky pointed out that the SEC has the ability to resist legal challenges by taking positions that meet political priorities, even if these positions may not fully comply with legal precedents. While controversial, this strategy can be used to demonstrate the legitimacy of potentially rejecting a spot Ethereum ETF. (Blockchain.News)
Su Zhu shared some thoughts on investment portfolios on X platform:
- Mainstream Coins: BTC, ETH, SOL, FIL, AR, ATOM;
- Meme Coins: OX, DOG, DOGE, PEPE, TRUMP;
- DeFi: MKR, RBN (Aevo token to be launched soon);
- AI: WLD, still learning, suggestions are welcome.
Matrixport analyst Markus Thielen stated in an interview with BlockBeats that based on the data they operate, the current bull market has only run for half the time. Based on past halving data, Bitcoin could reach $125,000 by the end of 2024. A metric observed in July last year showed that when Bitcoin sets a new high within a year, there is a 300% rebound. According to this data, it can also be inferred that Bitcoin could reach $125,000. Conservatively, Bitcoin could reach $125,000 by the end of this year or next year. (BlockBeats)
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