Hodao

Fed data lags too much and a mild recession is already on the horizon

hodao@newsletter.paragraph.com (Hodao) — Mon, 01 May 2023 09:30:02 GMT

Musk said on social media that the Fed's data lags too much and a mild recession has arrived. It's not just that the canary in the coal mine (SVB) is dead, one of the most steadfast miners (Credit Suisse) is dead, more banks will be in trouble, and further rate hikes will trigger a deep recession.

Lightning Labs Updates Lightning Network Management Tool Litd, Introduces Automatic Management and Account Functions

hodao@newsletter.paragraph.com (Hodao) — Mon, 01 May 2023 03:20:23 GMT

Lightning Labs, the Bitcoin Lightning Network development team, recently updated the Lightning Network management tool Litd, allowing ordinary users to run Lightning Network nodes by themselves and send or receive Bitcoin in a non-custodial manner without being technically proficient.

The update includes algorithmic automatic updating of Lightning Network fees and the introduction of an "account" system that allows multiple users to share a Lightning Network node.

OpenAI completes $300 million in financing at a valuation of $27 billion to $29 billion

hodao@newsletter.paragraph.com (Hodao) — Sun, 30 Apr 2023 00:29:12 GMT

OpenAI, the startup behind ChatGPT, has raised $300 million at a valuation of $27 billion to $29 billion. VC firms including Tiger Global, Sequoia Capital, a16z, Thrive, K2 Global and Founders Fund participated in the investment. This is separate from a large investment Microsoft made in January, a person familiar with the matter said. According to sources confirmed that Microsoft's investment scale is about 10 billion US dollars. It is reported that external investors currently hold more than 30% of OpenAI's shares.

Sui Ecological Launchpad project SuiPad completes approximately US$1 million in financing, with participation from NGC Ventures and others

hodao@newsletter.paragraph.com (Hodao) — Sat, 29 Apr 2023 00:46:10 GMT

SuiPad, the Sui ecological Launchpad project, announced the completion of US$1.155 million in financing, NGC Ventures, GBV Capital, Cogitent Ventures, PANONY, Rarestone Capital, Kernel Ventures, Cypher Capital CEO Vineet Budki, Kairon Labs, NewTribe Capital, Moonrock Capital, Extra Watts, Hype, DAO Maker, Maven Capital, Criterion VC, Limitless Value Capital, Autonomy.Capital participated in the investment. In addition, its ID0 will be released on SuiPad Launchpad and DAO Maker Launchpad from 21:00 on April 28 to 21:00 on May 10.

It is reported that SuiPad is based on the ID0 and IN0 platforms developed by Sui. They recently partnered with Mysten Labs to help launch a major SUI-based project. Their future roadmap includes staking, liquidity pools, and an NFT issuance platform.

Secro, a blockchain digital bill of lading platform, completes a $3.6 million seed round of financing

hodao@newsletter.paragraph.com (Hodao) — Fri, 28 Apr 2023 10:09:23 GMT

Secro, a blockchain-based digital bill of lading platform, announced the completion of a $3.6 million seed round of funding, co-led by Augment Ventures and TMV, with participation from Kluz Ventures and Grit and Gumption Ventures.

It is reported that Secro is built on the NEM Symbol private chain, which supports users to perform all functions and user interactions of paper bills of lading with higher speed, lower cost and security, without relying on traditional electronic bill of lading (eBL) suppliers.

LayerZero is now live on zkSync Era mainnet

hodao@newsletter.paragraph.com (Hodao) — Fri, 28 Apr 2023 01:02:19 GMT

LayerZero, a cross-chain interoperability protocol, announced that it is now live on the zkSync Era mainnet. LayerZero says its omnichain messaging protocol enables developers to scale applications to more than 30 supported chains on zkSync, and projects already built on LayerZero can now scale to zkSync.

UK Regulators Ask Charities to Be Careful about Accepting Cryptocurrencies, and to Comply with Tax and AML Rules

hodao@newsletter.paragraph.com (Hodao) — Thu, 27 Apr 2023 13:32:28 GMT

Charities in England and Wales that accept cryptocurrency donations should keep accurate records and comply with tax and anti-money laundering rules, the UK Charity Commission said in guidance published Wednesday.

The watchdog warned charities that assets such as bitcoin (BTC) or NFTs can be volatile, vulnerable to hacking and difficult to track, and that they need to weigh whether it is worth accepting them. "Our guidance highlights the risks involved in the use of cryptocurrencies and advises fiduciaries to proceed with caution," said the council's chief executive, Helen Stephenson.

Blockchain infrastructure Cata Labs completes $4.2 million in seed round financing, led by Spartan Group

hodao@newsletter.paragraph.com (Hodao) — Thu, 27 Apr 2023 00:32:13 GMT

Blockchain infrastructure startup Cata Labs has raised $4.2 million in seed funding at an "eight-figure valuation." The round, which closed in March, was led by cryptocurrency venture capital firm Spartan Group, with participation from Robot Ventures, Maven 11, Alchemy Ventures, HashKey Capital, Circle Ventures and Superscrypt, among others.

Cata Labs is building Catalyst, a cross-chain bridge designed to make communication between blockchains easier. Catalyst differs from existing bridges in that it can already be integrated into blockchains that opt-in to its ecosystem, forgoing the laborious and manual integration process that characterizes bridges like Wormhole.

Bitcoin inscription market UniSat Marketplace to reopen on April 27

hodao@newsletter.paragraph.com (Hodao) — Wed, 26 Apr 2023 11:27:00 GMT

Bitcoin inscription wallet UniSat Wallet announced that its inscription market UniSat Marketplace will reopen on April 27. Users who hold a UniSat OG Pass for a certain period of time can participate in the test first, and users with the largest number of UniSat Points will be invited later.

Nansen: Will provide real-time blockchain data services for Web3 entrepreneurial projects supported by Google Cloud Startups

hodao@newsletter.paragraph.com (Hodao) — Wed, 26 Apr 2023 00:36:33 GMT

Blockchain analysis company Nansen announced on social media that it will provide real-time blockchain data services for Web3 entrepreneurial projects supported by Google Cloud Startups, and can enjoy one month of free Nansen Query data and analysis on the chain, as well as other products. Discounted service. As a participant of the Google for Startups Cloud program, Nansen has been cooperating with Google for two years, and will continue to take advantage of the program and expand successfully.

The US Department of Justice filed a lawsuit against 5 people related to the Hydrogen project, accusing them of participating in manipulating token prices

hodao@newsletter.paragraph.com (Hodao) — Tue, 25 Apr 2023 10:56:08 GMT

The U.S. Department of Justice (DOJ) issued a statement stating that it has filed a lawsuit against five individuals related to the Hydrogen project, accusing them of allegedly participating in the Hydro token operation scheme. The five are former Hydrogen CEO Michael Ross Kane, Hydrogen financial engineering director Shane Hampton and George Wolvaardt, former Moonwalkers CEO Tyler Ostern and Hydrogen blockchain engineer Andrew Chorlian.

Ross Kane, Hampton and Wolvaardt were each charged with one count of conspiracy to manipulate securities prices, one count of conspiracy to commit wire fraud and two counts of wire fraud. If convicted, they each face up to five years in prison for conspiracy to manipulate securities prices and 20 years for each of the other charges. Ostern and Chorlian were each charged with one count of conspiracy to manipulate securities prices and wire fraud. If convicted, they each face up to five years in prison.

DeFi protocol Thetanuts Finance completes $17 million in financing, led by Polychain Capital and others

hodao@newsletter.paragraph.com (Hodao) — Tue, 25 Apr 2023 00:26:38 GMT

Thetanuts Finance, a multi-chain structured product protocol, has closed a $17 million round led by Polychain Capital, Hyperchain Capital and Magnus Capital. The new funding will help the firm forge new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers, and exchanges.

Thetanuts Finance is a DeFi company offering a range of crypto-structured products to cater to a broad client base including options traders, decentralized autonomous organizations (DAOs), market makers and other liquidity providers. Thetanuts Finance will soon launch a buy-side altocin options marketplace powered by a decentralized options vault (DOV).

Shanghai: Continue to clean up and rectify virtual currency "mining" activities

hodao@newsletter.paragraph.com (Hodao) — Mon, 24 Apr 2023 14:53:08 GMT

The Office of the Shanghai Municipal Development and Reform Commission's Leading Group for Addressing Climate Change and Energy Conservation and Emission Reduction today issued the "Shanghai 2023 Carbon Peak Carbon Neutrality and Key Work Arrangements for Energy Conservation and Emission Reduction". The mid-term evaluation of the "14th Five-Year" Development Plan for resource conservation and circular economy in the city, strengthen the inspection of energy conservation and carbon reduction law enforcement, resolutely curb the blind development of high energy consumption, high emission, and low-level projects, and continue to clean up and rectify virtual currency "mining" activities.

Kucoin official Twitter account was hacked, do not click on suspicious links

hodao@newsletter.paragraph.com (Hodao) — Mon, 24 Apr 2023 01:21:54 GMT

Crypto exchange Kucoin said in a Telegram announcement at 6:35 today that its official Twitter account was hacked and is taking steps to resolve the issue as soon as possible. All users are strongly advised to avoid clicking on any suspicious links that may be shared through Kucoin's account.

American toy manufacturer Mattel's NFT platform will launch a P2P market function

hodao@newsletter.paragraph.com (Hodao) — Sun, 23 Apr 2023 13:58:13 GMT

Mattel Creations, a digital collection platform owned by American toy manufacturer Mattel, will launch a P2P (peer-to-peer) market function on April 27, which is powered by NFT company Rarible.

Montenegro court approves extension of Do Kwon's detention

hodao@newsletter.paragraph.com (Hodao) — Sun, 23 Apr 2023 00:29:45 GMT

The court in Podgorica, Montenegro said on its website Friday that it had granted the extension of the sentence against Do Kwon, a South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, and Han Chang- Joon's detention period.

Gemini to Open Crypto Derivatives Platform Outside the US

hodao@newsletter.paragraph.com (Hodao) — Sat, 22 Apr 2023 11:13:22 GMT

U.S.-based crypto exchange Gemini revealed on Friday that it plans to open a derivatives platform "Gemini Foundation" overseas. The first product launched on the platform will be a Bitcoin perpetual contract denominated in GUSD. Ethereum perpetual contracts will also be launched in the future. Unlike traditional derivatives, perpetual contracts have no expiration date. Meanwhile, U.S. regulators are stepping up scrutiny of cryptocurrencies, and Gemini is also affected. In January, Gemini was charged by the U.S. Securities and Exchange Commission (SEC) for selling unregistered securities.

Metaverse company XRSPACE completes $25 million in financing, led by Foxconn

hodao@newsletter.paragraph.com (Hodao) — Sat, 22 Apr 2023 02:49:20 GMT

According to Nftgators reports, XRSPACE, a Taiwan metaverse company, announced the completion of a new round of financing of US$25 million, led by Foxconn. In March 2022, XRSPACE stated that it will obtain US$100 million through three financing transactions, and this financing is the first of these three transactions. The company provides a social metaverse experience through its platform "XRSPACE MANOVA" , designed to change the way people connect, work and play.

Multi-chain liquidity protocol Symbiosis Finance has been launched on Arbitrum

hodao@newsletter.paragraph.com (Hodao) — Fri, 21 Apr 2023 09:01:38 GMT

The multi-chain liquidity protocol SymbiosisFinance has launched the Ethereum Layer 2 scaling solution Arbitrum. Symbiosis Finance is a multi-chain liquidity protocol designed to provide users with seamless exchange of tokens. It is an integral part of the DApp ecosystem, including decentralized exchanges, loan agreements, yield aggregators, etc., and is now available Beta mainnet launched. On April 10 this year, it announced the launch of the Ethereum L2 expansion solution zkSync.

Berachain Completes $42 Million Financing Led by Polychain Capital

hodao@newsletter.paragraph.com (Hodao) — Fri, 21 Apr 2023 00:29:08 GMT

Layer1 public chain Berachain completes USD 42 million private placement token financing, led by Polychain Capital, OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, former partner of Dragonfly Capital, Celestia founder Mustafa Al -Bassam, Tendermint co-founder Zaki Manian, and 20 other DeFi project founders participated in the investment. The Berachain network is built on the Cosmos SDK and will be compatible with the EVM.

Berachain is currently available as a development network (devnet), with a public incentivized testnet launch expected in the coming weeks and a mainnet launch likely later this year.