Polymarket is considering issuing tokens, planning to raise over $50 million.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Modular Blockchain Celestia Foundation Completes $100 Million Financing, Led by Bain Capital Crypto

According to official sources, the modular blockchain Celestia Foundation announced the completion of a $100 million financing round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. Celestia has raised a total of $155 million. The Celestia mainnet Beta version is scheduled to launch in October 2023, providing a dedicated modular consensus and data network.

Treasure DAO Vote Passes to Launch L2 Network on zkSync, Mainnet Expected to Go Live Within 1.5-2 Months

Decentralized gaming platform Treasure DAO announced that the community has overwhelmingly supported the proposal to launch the Treasure L2 network in the zkSync ecosystem with a 99.5% approval rate. Treasure L2 will be built on ZK Stack technology and is currently preparing to launch a public testnet named "Topaz," with the mainnet expected to go live within the next 1.5-2 months. Treasure's core products, including App, Market, Magicswap, and the universal account system Treasure Connect, will all be upgraded to support ZK Stack. Multiple collaborative protocols and development tools, such as Eigen DA, Thirdweb, Goldsky, and LayerZero, will also join the ecosystem. Treasure is closely collaborating with over 10 gaming projects to ensure a smooth transition to the new network. In the coming weeks, Treasure will host multiple community and developer meetings to delve into transition details and future development directions. In addition, the token swap between Treasure and zkSync Foundation will be executed in the near future according to the approved DAO proposal (TIP-44) parameters.

BinaryX Renaming Proposal Approved, to be Renamed "Four"

Web3 gaming platform BinaryX announced that its renaming proposal has been approved by the community vote. According to the proposal, BinaryX will officially be renamed "Four." Previously, BinaryX proposed a major rebranding, including renaming the project to "Four" and its native token BNX to "Four," while keeping the total supply unchanged.

Insider: Polymarket is considering issuing tokens, planning to raise over $50 million

According to The Information, the prediction market Polymarket is considering issuing tokens, with the fundraising scale potentially exceeding $50 million to support its cryptocurrency prediction market operations. Insiders revealed that this round of investors will receive token warrants, giving them the right to purchase tokens when Polymarket issues them in the future. Polymarket may use these tokens to verify the outcomes of real-world events, but a final decision has not yet been made.

ARK Invest: Over 40% of Global Investments Flow into AI Field this Quarter, AI May Become the Most Impactful Technological Transformation in History

ARK Invest released a report stating that AI-driven "purchase agents" will be able to automatically compare products and complete purchases on different platforms, significantly reducing consumers' shopping time. This transformation could disrupt the traditional consumer market and reshape the consumer service industry. The report also pointed out that OpenAI's potential valuation could reach $150 billion, making it the third most valuable private company ever financed, only behind ByteDance and Ant Group. ARK expects that by 2030, commercial foundational model providers like OpenAI will generate $3.5 trillion in revenue by helping run $13 trillion worth of AI enterprise software. The report also showed that venture capital in the AI field continues to heat up. Including this round of financing for OpenAI, over half of the venture capital funds in the United States and over 40% globally have flowed into AI opportunities this quarter. The total amount of venture capital funds flowing into AI since the beginning of the year has reached $90 billion, a 50% increase year-on-year, while non-AI venture capital has dropped to its lowest level since 2016. ARK Invest believes that considering the potential scale of opportunities brought by AI, these investments are reasonable, and the rise of artificial intelligence may become the most impactful technological transformation in history.

Telegram Upgrades Search Security Measures, Explicitly States the Possibility of Disclosing Violating User Information to Authorities

Telegram announced the strengthening of its search function's security. Founder Du Rove stated that the company has taken multiple measures to combat illegal content, including deploying a dedicated moderation team and AI technology to clean up violating content; updating globally unified terms of service and privacy policies, explicitly stating the possibility of disclosing violating users' IP addresses and phone numbers to authorities; and encouraging users to report unsafe or illegal content through @SearchReport. Du Rove emphasized that these measures aim to prevent criminals from abusing Telegram's search function and to protect the usage experience and platform integrity of nearly 1 billion users.

Solana Co-founder Shares Survival Tips for Startups: Avoiding Running Out of Funds is Key

Solana co-founder Anatoly Yakovenko shared key points for the survival of startups on social media. He emphasized that the only reason for the failure of startups is running out of funds, and avoiding running out of funds ensures the survival of the company. Yakovenko warned entrepreneurs to be highly cautious about long-term contracts, such as long-term office or data center leases, as these are equivalent to debt. He suggested keeping contract expenses below 20% of total expenses, as exceeding this threshold could be fatal. Yakovenko also pointed out that a large team will quickly deplete funds. He recommended that each employee should prove their value through profits or income. If the company has an 18-month cash reserve, then profitability or refinancing needs to be achieved within 6-12 months. He reminded entrepreneurs that if the company is still not profitable after 6 months, a 33% reduction in expenses may be necessary; after 9 months, a 50% reduction may be required. Considering that contract expenses cannot be reduced, this could lead to a 50% or even 70% reduction in staff.

10x Research: Bitcoin Expected to Break Historical Highs in Q4, Multiple Indicators Show Bull Market Signals

Cryptocurrency research firm 10x Research released a new analysis report, predicting that Bitcoin is likely to reach a historical high in the fourth quarter of 2024. As the market enters the critical period from October to March of the following year, the possibility of Bitcoin breaking through is increasing. 10x Research stated that the market structure has significantly improved since the bullish report on Bitcoin was released on September 9, when the price of Bitcoin was $54,800. Recently, multiple indicators have shown positive signals: stablecoin minting volume has increased, leverage ratios in the futures market have risen, and its trading signal system has triggered buy alerts for Bitcoin, Ethereum, and other cryptocurrencies multiple times.

Reflexivity Research Co-founder: Opportunity for Ordinary People to Acquire Whole Bitcoins is Ending

Reflexivity Research co-founder Will Clemente stated on the X platform that the era for ordinary people to acquire whole bitcoins is coming to an end. Clemente expressed that after this cycle, unless holding a considerable amount of bitcoins, it will no longer be an early wealth appreciation asset, but will completely transform into a wealth preservation tool.

Crypto Morning News: Polymarket considers issuing tokens, Celestia completes $100 million in financing

Polymarket is considering issuing tokens, planning to raise over $50 million.

Yesterday's Market Dynamics

Market Trends

Recommended Reading

Selected Articles by 深潮TechFlow

Table of Contents

Related Articles