Today's Highlights:
1. Twitter announced that it has accepted Musk's $44 billion acquisition proposal, and the transaction is expected to close this year
2. Yuga Labs' New Meta Universe Project Otherside officially confirmed that the auction will be paid using APE
3. IMF Report: 50% of the deposit liquidity in the DeFi lending market is provided by less than 10 accounts
4. OpenSea acquires NFT market aggregator Gem
5. Fidelity Investments plans allow retirement savers to deposit their Bitcoins into a 401(k) account
6.NEAR Eco-StableCoin USN is officially launched
7. Jack Dorsey: Twitter should be a protocol-level public good, and Musk is my only trust solution
8. The Meta-Universe Industry Alliance jointly initiated by more than 60 units such as the State Information Center, Tencent and Huawei was established
Regulatory messages
The U.S. state of New York could vote on Thursday on a bill suspending the issuance of PoW mining licenses
As early as Thursday, the New York State Legislature will vote unanimously on a bill to suspend licensing for PoW crypto mining projects that utilize "carbon-based fuel power generation facilities" for two years, CoinDesk reported. The bill also requires the New York State Environmental Protection Agency to study the impact of PoW mining on the state's achievement of climate goals set out in the Climate Leadership and Community Protection Act. After the vote is passed, the bill will be submitted to the state Senate for consideration. If the bill passes, while existing mining facilities are not affected, it will make it difficult for some bitcoin miners to expand their operations in the state. Projects mining using renewable energy sources are not affected. Despite the narrower scope of the bill, crypto advocates fear that its passage will pave the way for New York's legislation to further crack down on crypto mining, which will also hurt the state's overall cryptocurrency industry.
Xiangcheng District, Suzhou City, Jiangsu Province, has formulated guidelines for the investigation of crimes involving virtual currencies
According to Xinhua Net, the Xiangcheng District Procuratorate of Suzhou City, Jiangsu Province, recently formulated and issued the "Guidelines for the Investigation of Virtual Currency Crimes involving the People's Procuratorate of Xiangcheng District", which will become the "navigation" of public security organs in handling cases in view of the characteristics of strong concealment of virtual currency, fast cross-border circulation, and diversified value exchange. The "Guidelines" have a total of 14 articles, which analyze and summarize the seizure of property in virtual currency cases, the collection of evidence, and the disposal of property, introduce third-party technology companies to solve technical problems such as the flow of virtual currency funds, and strive to standardize and improve the evidence collection behavior of public security organs. It is worth mentioning that the Guidelines increase the recovery of stolen goods and anti-money laundering, requiring that the stolen funds involved in the case should be pursued. For example, for criminal suspects who transfer virtual currency through such platforms and engage in money laundering crimes, the Guidelines recommend that the investigating organs monitor the flow of funds in real time, lock the final destination of funds, and accurately determine the amount involved.
NFT
Ethereum
BNB Chain
Guangqi Honda launched the Accord Digital Collection and has launched the Tmall Digital Collection Platform
According to the official WeChat public account of Guangqi Honda, Guangqi Honda announced that it has cooperated with independent designer and digital artist Zhang Zhoujie to launch a limited edition Accord digital collection, which has officially landed on the Tmall digital collection platform. It is reported that the event will start on April 25 and end on May 31.
Anime giant DC Comics' Batman series NFT opened pre-sales today
According to dc's official website, the Batman series NFT "Bat Cowl" launched by the American animation giant DC Comics (Detective Comics) opened pre-sale at 15:00 Beijing time today, and DC FanDome NFT holders can participate. The "Bat Cowl" series of NFTs is based on the Ethereum sidechain Palm Network, with a total of 200,000 NFTs, each priced at $300. Earlier, DC Comics and Palm NFT Studio announced that they would release a Batman-themed NFT in April, promising to provide two years of revenue.
Former Universe
Yuga Labs' New Meta Universe Project Otherside officially confirmed that the auction will be paid for using APE
According to official Twitter, Yuga Labs' upcoming meta-universe project, Otherside, announced that the Otherside auction will be paid for using ApeCoin and Mint (Minting) will be paid for in a Dutch-style way, so the price of ApeCoin will fall over time. The starting price for the Dutch auction will be announced later this week, and only players who have passed real-name verification will be able to cast it at auction. BAYC and MAYC holders can claim NFTs within 21 days of the auction. In addition, all ApeCoins obtained at this auction will be locked for a year, which means that holders are not eligible to vote in apeCoin DAO. The official also reminds users that there will be no airdrops or giveaways, and there will be no other publicity channels, do not share or enter mnemonic words, and beware of being deceived. Earlier, yuga Labs metaversary project Otherside announced that it will start on May 1. The host of the DYOR Show has revealed that Yuga Labs may auction its new project Otherside meta-universe plot, the auction is a Dutch auction, 600 APE starting.
The Meta-Universe Industry Alliance, jointly initiated by more than 60 units such as the State Information Center, Tencent and Huawei, was established
According to upstream news reports, at the China Meta-Universe Industry Development Summit Forum today, the China (Chongqing) Meta-Universe Industry Alliance was officially established, which was guided by the Chongqing Municipal Big Data Application Development Administration, the Chongqing Yubei District People's Government, and jointly initiated by more than 60 units such as the State Information Center, the Information Technology Research Institute of Tsinghua University, the Law School of Chinese Min University, Telecommunications, Mobile, Unicom, Tencent, and Huawei. The relevant person in charge of the alliance said that the China (Chongqing) Meta-universe Industry Alliance aims to promote the application of meta-universe technology, promote the popularization and scale of meta-universe, create an interconnected and interconnected meta-universe ecological space, form the development orientation of the meta-universe "with virtual strength", and empower industrial transformation and upgrading. In the next step, the alliance will focus on the research of intelligent technologies such as VR, AR, MR, artificial intelligence, blockchain, and the Internet of Things, promote the development of meta-universe industry ecology construction, innovative application, standard formulation, policy support, etc., and create a comprehensive service platform that gathers multiple resources of "government, industry, academia and research funds".
Meta's first offline retail store, The Meta Store, will open on May 9
According to Meta's official website, Meta announced that it will open its first physical retail store "Meta Store" in Burlingame, California, on May 9. Consumers can try out video calling device Portal, smart glasses Ray-Ban Stories, and virtual reality headset Quest 2 on the spot.
Project dynamics
National Bureau of Economic Research: El Salvador's Bitcoin adoption experiment failed
According to U.today, the latest study released by the National Bureau of Economic Research (NBER) said that the bitcoin adoption experiment in El Salvador failed. The NBER survey showed that more than 60 percent of respondents abandoned the government's Chivo wallet after using the $30 bonus. 89% of Salvadorans have never received a remittance with the help of the app (only 3% of respondents received bitcoin). 99% of respondents have never paid taxes in Bitcoin. In addition, surveys reveal that, in addition, most Salvadorans have never used Chivo ATMs installed across the country. El Salvadoran President Nayib Bukele has previously been tweeting bitcoin-related tweets, and now only posts gang-related content.
Twitter announced it accepted Musk's $44 billion acquisition proposal, which is expected to close this year
Twitter announced that it has reached a definitive agreement to acquire Twitter (totaling $44 billion) for $54.20 billion per share by an entity wholly owned by Elon Musk for $54.20 billion per share, according to PR Newswire, and the transaction is expected to close in 2022. Upon completion of the transaction, Twitter will become a privately held company. Musk has secured $25.5 billion in full debt and margin loan financing and provided about $21 billion in equity commitments. There are no financing conditions for the completion of the transaction. Bret Taylor, chairman of Twitter's independent board, said: "Twitter's board of directors conducted a deliberate and comprehensive process to evaluate Musk's proposal, with a deliberate focus on value, certainty and financing. The proposed deal would result in a substantial cash premium, which we believe is the best way forward for Twitter shareholders. Musk said free speech is the cornerstone of democracy's operation, while Twitter is a digital city square where people discuss issues that are vital to the future of humanity. In addition, Musk said: "I also hope to make Twitter better than ever by enhancing the product with new features, making algorithms open source to increase trust, defeating spam bots, and authenticating everyone." Twitter has tremendous potential, and I look forward to working with the company and the user community to unlock it." ”
Decentralized social project Bluesky: The company is owned by the team, and Twitter has no controlling interest
Bluesky, a decentralized social project funded by Twitter, tweeted that Bluesky originated from Twitter in 2019, but Bluesky PBLLC, which was established this year, is an independent company focused on the development of decentralized social networks, owned by the team itself, and Twitter does not have any controlling interest. In addition, Bluesky has raised $13 million to ensure freedom and independence to begin research and development, and the "public interest" component of the company's structure gives it the freedom to devote resources to fulfilling its mission without having to return funds to shareholders. Previously, in February this year, former Twitter CEO Jack Dorsey had joined Bluesky's board of directors. Twitter announced early this morning that it accepted Musk's $44 billion acquisition proposal, which is expected to close this year.
Jack Dorsey: Twitter should be a protocol-level public good, and Musk is my only trust solution
In response to The final acquisition agreement reached by Musk, Jack Dorsey, founder and former CEO of Twitter, tweeted: "I like Twitter, it is the closest thing we have to global consciousness, its philosophy and service are the most important to me, and I will do everything I can to protect both." As a company, Twitter has always been my heart disease and my biggest regret, because it gradually belongs to Wall Street and advertising models. Now, Musk has taken Twitter back from Wall Street, the first step in Twitter's move in the right direction. In principle, I don't think Twitter should be owned or operated by anyone, and Twitter should be a public good at the protocol level, not a company. However, to solve this problem, Musk is the only solution I trust, and I believe in his mission to expand the light of consciousness. Musk will create a platform that is most trusted and broadly inclusive, and that goal is right, and that's why I chose him. I'm thrilled that Twitter will continue to serve the public conversation. ”
SushiSwap publishes the Sushi 2.0 Community Proposal, which includes recruiting talent and establishing a compensation committee
SushiSwap publishes the Sushi 2.0 community proposal, which is divided into three actionable projects for voting: 1. Retain the talent needed to bring Sushi into the future, covering areas such as engineering, design, business development, marketing, community engagement, etc.; 2. Establish a formal compensation committee to check transparency and accountability for all budget matters; and 3. As the proposal is implemented, a formal executive and leadership talent recruitment process will be initiated to complement the retained team. In addition, the proposal would designate 6 million SUSHIIs for a period of 4 years for the current allocation of donations, future recruitment allocations, and partial funding to fund future project strategy and leadership.
Evmos announced that it will postpone its launch plan until April 27
According to the official Twitter, the Cosmos EVM Compatibility Center Evmos announced that it will postpone the launch plan by 24 hours and will re-launch on April 27 to ensure that all verification nodes are 100% ready. Previously, Evmos suspended the network after the upgrade failed on March 7 and is scheduled to relaunch on April 26.
Fidelity Investments allows retirement savers to deposit their Bitcoins into a 401(k) account
Fidelity Investments plans to allow investors to open bitcoin accounts in their 401(k), and later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to add bitcoin to their retirement savings menus, according to the Wall Street Journal.
It is reported that the U.S. 401(k) system is a retirement benefit system provided by U.S. companies for employees, allowing employers to establish a deferred tax pension savings plan for employees, and this pension can be invested in fund stocks and so on.
The Cardano mainnet block size has increased to 88KB
Cardano development company Input Output (IOHK) tweeted that it has now increased the Cardano mainnet block size by 8KB from 80KB to 88KB, which will help continue to improve throughput and DApp performance.
Institutional lending agreement Maple Finance partnered with Circle and others to issue $45 million in mortgages
According to official Twitter, institutional lending agreement Maple Finance announced a $45 million mortgage loan in partnership with Circle, Coinshares and Solana, and then Maple Finance plans to increase the pool to $300 million through EOY and issue a $1 billion loan on Solana. Previously, yesterday's news, the institutional lending agreement Maple Finance announced the launch of the Solana mainnet.
Iconic Funds' EOS ETP was listed today on the Stuttgart Stock Exchange in Germany
German crypto startup Iconic Funds announced on Twitter that its physical object, EOS ETP, has been listed and began trading on the Borse Stuttgart stock exchange in Germany today with a total expense ratio of 0.95%. Previously, Iconic Funds will launch the world's first EOS ETP.
NEAR Eco-StableCoin USN is officially launched
NEAR Eco-StableCoin USN is officially launched. Last week's news, NEAR ecological stablecoin USN has launched a NEAR testnet wallet.
OpenSea acquires NFT market aggregator Gem
OpenSea announces the acquisition of Gem, an Aggregator of the NFT exchange. After the acquisition, Gem will continue to operate as an independent brand, and OpenSea will integrate Gem's features in the future. Gems allow users to buy NFTs in multiple markets through a single, low-cost transaction and are known for their ease of collecting floor price sweeps and rarity-based collectible rankings.
Financing messages
Moonbirds' parent company, PROOF, received a $10 million investment from venture capital firm Seven Seven Six
According to Decrypt, MOONBIRDS NFT parent company PROOF announced a $10 million investment from Seven Seven Six, a venture capital firm owned by Reddit founder Alexis Ohanian. PROOF was founded by Digg co-founder and venture capitalist Kevin Rose, who made it clear on Twitter that Seven Seven Six "invested $10 million," but said his own venture capital firm True Ventures was also involved in the round. The new funding will be used to create Web3 content, release more NFTs, and launch live conferences in 2023, among others. PROOF was first born as a podcast show, and last December founded PROOF Collective, a private community of 1,000 people with NFT as the threshold, where members can get free NFTs, participate in future activities and enjoy various benefits. Moonbirds NFT currently has a total transaction value of $446 million.
3D open source engine vendor "LayaBox" intends to raise 400 million yuan to lay out the metacosm
According to 36Kr, 3D open source engine vendor "LayaBox" Series B intends to raise 400 million yuan for its meta-universe layout. Its 2021 round of B1 financing of 110 million yuan has been completed, and the B2 round of financing is underway. According to reports, the company has three meta-universe-related businesses: the 3D engine LayaAir, the game UGC platform LayaME and the consumer-grade meta-universe platform LayaVerse. According to people familiar with the matter, the company has begun a new round of financing contacts with potential investors, but the final financing scale and valuation and other information has not yet been disclosed.
Startup Afriex completed a $10 million Series A funding round, led by Sequoia China and Dragonfly Capital
Nigerian fintech startup Afriex raised $10 million in Series A funding for its blockchain remittance platform, valued at $60 million. The round was co-led by Sequoia Capital (China) and Dragonfly Capital, with the participation of Goldentree, Stellar Foundation and Exceptional Capital. Afriex, which is currently focused only on its core remittance products, hopes to launch stablecoins in the future, and has signed a partnership with Visa to provide credit and debit cards for Afriex users later this year.
NFT chain game Apeiron completed a $10 million seed round, led by Hashed
NFT chain game Apeiron completed a $10 million seed round, led by South Korean blockchain investment company Hashed, and venture capital firms such as DeFianceCapital, MorningstarVentures, SpartanGroup and De-FiCapital participated. Apeiron players will play as gods and participate in battles using a card-based real-time battle system, developed by FoonieMagus, which has raised a total of about $17.5 million to date, including a $3 million pre-seed round, a $10 million seed round, and $4.5 million in NFT sales.
0xLabs completes $70 million Series B funding round, led by Greylock Partners
DEX infrastructure provider 0x Labs completed a $70 million Series B funding round led by Greylock Partners and with the participation of Pantera, Jump Capital, OpenSea and Jared Leto. The 0x Labs CEO said he plans to use the funds to continue growing 0x Labs, expanding the team and doubling down on the products and services it currently offers. Previously, 0x raised $24 million in the 2017 ZRX token sale. It is understood that 0xLabs is headquartered in San Francisco, USA, and its 0x protocol allows peer-to-peer asset trading through the blockchain, and also launched the NFT trading function at the beginning of this year. Coinbase's NFT Marketplace, launched last week, is powered by 0x.
Mining news
Shaanxi Provincial Development and Reform Commission: Implement differential electricity prices for virtual currency "mining" electricity
According to The Report of Tonghua Shun Finance, the Shaanxi Provincial Development and Reform Commission issued a notice on the implementation of differential electricity prices for virtual currency "mining" electricity: the differential electricity price for virtual currency "mining" electricity is implemented, and the electricity price of "elimination" enterprises is implemented, and the markup standard is 1 yuan per kilowatt hour (including tax). Our committee will raise the price increase standard in a timely manner according to the rectification situation.
Important data
IMF Report: 50% of deposit liquidity in the DeFi lending market is provided by less than 10 accounts
According to the IMF' official website, the International Monetary Fund (IMF) released a global financial stability report, which involves the DeFi lending market, saying that the liquidity supply of the DeFi lending market is highly concentrated, not as decentralized as expected, and on average, half of the deposits are provided by less than 10 accounts, of which more are concentrated on smaller, more volatile crypto assets. As the concentration increases, the special withdrawal of funds from any one large depositor will have a significant impact on the liquidity situation of the platform, which in turn will exacerbate liquidity depletion.
Pai Dun: Hackers also stole 765.3 pieces of ETH in the BAYC Instagram attack
Pai Dun posted on Twitter that the hackers who attacked BAYC Instagram yesterday stole 765.3 ETH and 91 NFTs, and have now sold 23 NFTs (including 4 BAYC, 6 MAYC and 2 Clonex) and made a profit of $2.4 million, donated about 1.6 ETH to Ukrainian Crypto Donation and began to transfer the stolen ETH to a centralized exchange (CEX). Pai Dun analysis said that in this attack, the hackers released a fraudulent link to the counterfeit BAYC website through a fake airdrop, and prompted users to sign a "safeTransferFrom" transaction. This transferred their assets to the scammer's wallet. Previously, BAYC officials tweeted that their official Instagram was hacked, and the data showed that bayc Instagram attacks had stolen 91 NFTs, including BAYC and so on.