Wall Street investment bank Bernstein (Bernstein) stated in a research report that in the next five years, the size of the tokenization market may reach as high as $5 trillion, of which stablecoins and central bank digital currencies (CBDC), private market funds, Securities and real estate led the way. Currency tokenization through stablecoins and CBDCs will be applied to on-chain deposits and payments, and about 2% of the world's money supply will be tokenized in the next five years, or...

Wall Street investment bank Bernstein (Bernstein) stated in a research report that in the next five years, the size of the tokenization market may reach as high as $5 trillion, of which stablecoins and central bank digital currencies (CBDC), private market funds, Securities and real estate led the way. Currency tokenization through stablecoins and CBDCs will be applied to on-chain deposits and payments, and about 2% of the world's money supply will be tokenized in the next five years, or...

Ethereum scaling solution Polygon has released a proposal proposing to upgrade Polygon PoS to zkEVM Validium to make its main chain compatible with zero-knowledge (ZK) technology. If the proposal is approved, the upgrade could be live on mainnet by the end of the first quarter of 2024. Polygon co-founder Mihailo Bjelic said the upgrade will bring greater security, faster transaction confirmation and expand the blockchain.

Ethereum scaling solution Polygon has released a proposal proposing to upgrade Polygon PoS to zkEVM Validium to make its main chain compatible with zero-knowledge (ZK) technology. If the proposal is approved, the upgrade could be live on mainnet by the end of the first quarter of 2024. Polygon co-founder Mihailo Bjelic said the upgrade will bring greater security, faster transaction confirmation and expand the blockchain.

Web3 Payment Startup Poko Completes USD 4.5 Million Seed Round Funding, Led by Y Combinator, NAZCA, Global Founders Capital, GOodwater Capital, Soma Capital, Amasia, Credit Ease, Dentsu Ventures, Orange DAO, MS&AD Ventures Participated to Promote its Development . The company previously raised $500,000 in seed funding from Y Combinator, bringing the round to a total of $5 million. It is reported that Poko is a Web3 payment start-up company based in Singapore and Vietnam. Its B2B2C model means...

Web3 Payment Startup Poko Completes USD 4.5 Million Seed Round Funding, Led by Y Combinator, NAZCA, Global Founders Capital, GOodwater Capital, Soma Capital, Amasia, Credit Ease, Dentsu Ventures, Orange DAO, MS&AD Ventures Participated to Promote its Development . The company previously raised $500,000 in seed funding from Y Combinator, bringing the round to a total of $5 million. It is reported that Poko is a Web3 payment start-up company based in Singapore and Vietnam. Its B2B2C model means...

Huang Licheng tweeted: I just hope that ZachXBT apologizes, and any compensation received will be donated to charity. Earlier news, "MachiBigBrother" Huang Licheng (MachiBigBrother) sued the chain detective ZachXBT. ZachXBT issued a document last year claiming that Huang Licheng embezzled 22,000 ETH project funds. Huang Licheng's lawyer accused ZachXBT of defaming Huang Licheng and causing him "serious reputation and monetary damage." ZachXBT then tweeted that Huang Licheng's lawsui...

Huang Licheng tweeted: I just hope that ZachXBT apologizes, and any compensation received will be donated to charity. Earlier news, "MachiBigBrother" Huang Licheng (MachiBigBrother) sued the chain detective ZachXBT. ZachXBT issued a document last year claiming that Huang Licheng embezzled 22,000 ETH project funds. Huang Licheng's lawyer accused ZachXBT of defaming Huang Licheng and causing him "serious reputation and monetary damage." ZachXBT then tweeted that Huang Licheng's lawsui...

French artificial intelligence startup Mistral AI has closed a €105 million ($113 million) seed round led by Lightspeed Venture Partners, with participation from Xavier Niel, JCDecaux Holding, Rodolphe Saadé, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, First Minute Capital and LocalGlobe participated in the investment. Such financing is valued at 240 million euros ($260 million), the sources said. It is reported that the company is a new company formed by former DeepMind an...

French artificial intelligence startup Mistral AI has closed a €105 million ($113 million) seed round led by Lightspeed Venture Partners, with participation from Xavier Niel, JCDecaux Holding, Rodolphe Saadé, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, First Minute Capital and LocalGlobe participated in the investment. Such financing is valued at 240 million euros ($260 million), the sources said. It is reported that the company is a new company formed by former DeepMind an...

Ivan Chebeskov, head of the Russian Ministry of Finance's financial policy department, estimates that Russian miners earn about $4 billion a year from mining cryptocurrencies, with profits of about 100 billion rubles ($1.198 billion), according to his calculations. The tax could bring about 20 billion rubles ($240 million) to the budget.

Ivan Chebeskov, head of the Russian Ministry of Finance's financial policy department, estimates that Russian miners earn about $4 billion a year from mining cryptocurrencies, with profits of about 100 billion rubles ($1.198 billion), according to his calculations. The tax could bring about 20 billion rubles ($240 million) to the budget.

The second phase of Hong Kong's digital yuan (eCNY) cross-border payment technology test, which was carried out in July last year, has been largely completed. As the first BOCHK to participate in the test, it launched two priority experience activities from December last year to February this year, opening up a total of 2,100 customers to try out the digital renminbi. Customers mainly consume in the Mainland, especially in small high-frequency transaction scenarios such as catering and r...

The second phase of Hong Kong's digital yuan (eCNY) cross-border payment technology test, which was carried out in July last year, has been largely completed. As the first BOCHK to participate in the test, it launched two priority experience activities from December last year to February this year, opening up a total of 2,100 customers to try out the digital renminbi. Customers mainly consume in the Mainland, especially in small high-frequency transaction scenarios such as catering and r...

The Binance spot platform launched the spot DCA robot. The feature is a new Cost Averaging (DCA) strategy for trading bots, DCA bots automatically buy and sell quantitative assets based on a user-selected price deviation and desired period. With this feature, users can now set up spot DCA bots to buy and sell assets at an average price, reducing the impact of market volatility. In addition, the spot DCA robot can assist users to automatically make profits with the required take-profit percent...

The Binance spot platform launched the spot DCA robot. The feature is a new Cost Averaging (DCA) strategy for trading bots, DCA bots automatically buy and sell quantitative assets based on a user-selected price deviation and desired period. With this feature, users can now set up spot DCA bots to buy and sell assets at an average price, reducing the impact of market volatility. In addition, the spot DCA robot can assist users to automatically make profits with the required take-profit percent...

Web3 wallet platform Galaxy Finance announced the completion of US$30 million in Series B financing, Hong Kong investment fund BlackPine, Singapore encryption investment institution QCP Capital and US blockchain investment fund Tally Capital participated in the investment. The Web3 wallet built by Galaxy Finance can be used to store digital assets, such as cryptocurrencies and NFTs. The company previously raised $8 million in Series A financing. The new funds will improve its products and exp...

Web3 wallet platform Galaxy Finance announced the completion of US$30 million in Series B financing, Hong Kong investment fund BlackPine, Singapore encryption investment institution QCP Capital and US blockchain investment fund Tally Capital participated in the investment. The Web3 wallet built by Galaxy Finance can be used to store digital assets, such as cryptocurrencies and NFTs. The company previously raised $8 million in Series A financing. The new funds will improve its products and exp...

Bitdeer, a mining company owned by Jihan Wu, announced today its unaudited mining and operational update for May 2023: the total power capacity of the five mining data centers is 795 megawatts; the Gedu mining data center in Bhutan is expected to Delivered in July 2023. The company mined 283 bitcoins through its self-mining operations in May. As of May 31, 2023, its total managed computing power (including proprietary computing power and managed computing power) is 18.0 EH/s. A total of 191,0...

Bitdeer, a mining company owned by Jihan Wu, announced today its unaudited mining and operational update for May 2023: the total power capacity of the five mining data centers is 795 megawatts; the Gedu mining data center in Bhutan is expected to Delivered in July 2023. The company mined 283 bitcoins through its self-mining operations in May. As of May 31, 2023, its total managed computing power (including proprietary computing power and managed computing power) is 18.0 EH/s. A total of 191,0...

The Ethereum Foundation announced the recipient projects and distribution information in the first quarter of 2023. The total reward fund allocated in the first quarter is 12,910,616.53 US dollars. The recipient categories are divided into community and education, consensus layer, cryptography and zero-knowledge proof, and developers. Experience and Tools, General Research, Executive Layer, Indirect Funding, Layer 2, Protocol Growth and Support, etc. Granted projects include ETH Beijing Hacka...

The Ethereum Foundation announced the recipient projects and distribution information in the first quarter of 2023. The total reward fund allocated in the first quarter is 12,910,616.53 US dollars. The recipient categories are divided into community and education, consensus layer, cryptography and zero-knowledge proof, and developers. Experience and Tools, General Research, Executive Layer, Indirect Funding, Layer 2, Protocol Growth and Support, etc. Granted projects include ETH Beijing Hacka...

Stablecoin issuer Tether issued $11.6 billion in collateralized loans between June 2019 and May 2021, according to documents related to the legal settlement released by the New York Attorney General this week. Of the 694 loans, 89% had Bitcoin as collateral and 9% had Ethereum as collateral. The remaining 2% is collateralized with Tether Gold (XAUT) and other securities. Tether has received a total of 450,000 Bitcoins and 1.1 million Ethereums as collateral. The documents also show that Tethe...

Stablecoin issuer Tether issued $11.6 billion in collateralized loans between June 2019 and May 2021, according to documents related to the legal settlement released by the New York Attorney General this week. Of the 694 loans, 89% had Bitcoin as collateral and 9% had Ethereum as collateral. The remaining 2% is collateralized with Tether Gold (XAUT) and other securities. Tether has received a total of 450,000 Bitcoins and 1.1 million Ethereums as collateral. The documents also show that Tethe...