Finishing: Mars Finance
Mars Crypto Daily April 26, 2024
1. Today's news
Anichess, a chess strategy game, has closed a $1.8 million funding round with participation from Fenbushi Capital and others
Mars Financial News, Animoca Brands-backed chess strategy game Anichess has closed a $1.8 million funding round led by Sfermion and Amber Group, with participation from Fenbushi Capital, Aspen Digital, SNZ Capital and others, and the new funds will be used to fund game development, marketing campaigns and team expansion. Developed by Animoca in partnership with Chess.com and five-time chess world champion Magnus Carlsen, the game features PvE gameplay and is expected to launch a second phase and introduce PvP gameplay later in the first quarter of 2024.
GRP, a U.S. retirement advisory finance firm, already has exposure to seven Bitcoin ETFs
According to Bitcoin Magazine, according to relevant documents, GRP, a U.S. retirement advisory financial company, has held investment exposure in 7 bitcoin ETFs, indicating that retirement funds have begun to explore the spot bitcoin ETF market
Apple co-founder Steve Wozniak publicly endorsed the emerging AI project SOAI
Recently, Apple co-founder Wozniak expressed interest in the emerging artificial intelligence project SOAI, highlighting his continued focus on innovative technologies. As a technology leader, Wozniak's views are often trend-setting, and his focus could bring new attention to the field of AI and the projects themselves.
CME "Fed Watch": The probability that the Fed will keep interest rates unchanged in May rises to 99.7%
According to CME's "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 99.7% (98.4% before the data is released), and the probability of a 25 basis point rate hike is 0.3%. There is an 86% probability that the Fed will keep rates unchanged through June (79.9% before the data), a 13.8% probability of a cumulative 25 basis point rate cut, and a 0.2% probability of a cumulative 25 basis point rate hike.
The Block Pro：减半后MicroBT M63S矿机毛利润比M50S高出440%
Mars financial news, The Block Pro released data on the X platform, after the Bitcoin halving last week, compared the profitability of MicroBT Whatsminer M63S and M50S, as well as Antminer S21 Hydro Three ASIC mining rigs, among which Antminer S21 Hydro became the most profitable mining rig, and the M63S miner gross profit was 440% higher than that of M50S, highlighting the role of efficiency in mining rig selection under budget constraints. Considering the volatility of the crypto market, the M50S is more prone to a significant drop in profits during periods of price drops than other mining rigs.
a16z Crypto: Do not publicly sell tokens in the U.S. for fundraising purposes
Mars Financial News, a16z Crypto today published an article explaining the five rules of token issuance, including:
1. Do not publicly sell tokens in the U.S. for fundraising purposes;
2. Let decentralization become the direction;
3. Communication is everything, and self-management should be carried out accordingly;
4. Be cautious about listing on the secondary market and pay attention to liquidity;
5. From the date of token issuance, always ensure that the token lock-up period reaches at least one year.
Masa Network Co-Creator: Decentralized AI is the key to more unbiased AI algorithms
Mars Financial News, Masa Network co-founder Calanthia Mei said that decentralized AI is the key to more unbiased AI algorithms, and decentralized AI is trying to solve the flaws in AI to ensure that AI is more fair and secure, and the main advantages include more transparent decision-making, enhanced data privacy, and user-owned models.
1inch launched Fusion API, an API for financial institutions
Mars Financial News, According to official news, 1inch announced the launch of Fusion API, an application programming interface service for financial institutions, to enable customers of financial institutions to access DeFi businesses. It is reported that the Fusion model supports the exchange of tokens on various DEXs without paying network fees and provides users with MEV protection. Fusion API complies with applicable regulations, users and market makers pass KYC, and all liquidity is screened for AML, sanctions, and more.
Immutable推出价值5000万美元的加密游戏激励计划The Main Quest
Mars Financial News: Web3 gaming platform Immutable has announced the launch of its $50 million gaming rewards program, The Main Quest, and the company also said that the Immutable ecosystem "has more than 270 games currently in development," including high-profile titles such as "Illuvium" and MetalCore.
U.S. Financial Services Commission Representative: A stablecoin bill is on the way
Mars Financial News, Senior Rep. Maxine Waters, a senior member of the U.S. Financial Services Commission, said that a stablecoin bill is about to be introduced. She said the stablecoin bill only needed "a few more tweaks" to make progress in the House of Representatives.
Fintech giant Stripe is accepting crypto payments again after a six-year hiatus and now supports the USDC stablecoin
Fintech giant Stripe announced on Thursday that it will start accepting cryptocurrency payments from customers, initially only supporting the USDC stablecoin and only on Solana, Ethereum and Polygon, which will be the first time Stripe has accepted crypto payments since 2018, when the company dropped support for Bitcoin due to the volatility of the token. John Collison, co-founder and president of Stripe, said: "Stripe is recovering crypto payments – this time in stablecoins, and it's a much better experience. It is reported that Stripe processed $1 trillion in transactions last year and is still growing, with a book value of $65 billion.
Consensys filed a lawsuit against the SEC to defend the Ethereum ecosystem
According to an official announcement, blockchain and web3 software technology company Consensys today filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) aimed at defending the Ethereum ecosystem. The complaint highlights how the SEC is trying to illegally regulate Ethereum through extraordinary enforcement actions against Consensys as well as others, the latest example of the SEC's aggressive and unlawful overreach, with the lawsuit alleging that if allowed to expand its regulatory authority, the SEC would effectively destroy the value of hundreds of millions of Ethereum holders and cause the U.S. to stop using the Ethereum blockchain, thereby crippling the technological development of the internet. The complaint seeks court confirmation that the SEC does not have the legal authority to regulate Ethereum, user-controlled software interfaces built on Ethereum, or the Ethereum blockchain. The case of Consensys Software Inc. v. Gary Gensler, SEC et al. has been filed in the U.S. District Court for the Northern District of Texas.
The 7-day moving average of USDT held by the exchange reached $568 million, the highest level in a year
According to The Block, the 7-day moving average change in USDT held by exchanges reached $568 million, the highest in a year. Since the beginning of February, the moving average has remained positive, indicating that USDT holdings on exchanges continue to grow.
Magna, a token management platform, launches a customizable airdrop solution
Mars Financial News, token management platform Magna has launched its latest product, a customizable airdrop solution. Building on the existing suite of services, Magna now offers the ability to customize a claims portal, streamlining the token distribution process for thousands of community members. In a recent partnership with BitsCrunch and GAM3S, Magna assisted in the establishment of a white-label claims portal serving more than 40,000 recipients. Utilizing Magna's gas fees to optimize smart contracts, these airdrops are executed at a low cost.
Franklin Templeton tokenized $380 million in U.S. Treasury funds on Polygon and other networks
According to Cryptoslate, Franklin Templeton tokenized a $380 million U.S. Treasury fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company launched the Franklin On-Chain U.S. Government Money Fund (FOBXX), which issues shares in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on the public Polygon and Stellar blockchains. This innovation aims to simplify trading and expand access, allowing investors to manage their assets more flexibly through direct trading. Franklin Templeton integrates blockchain technology into its financial operations with the aim of enhancing the liquidity and efficiency of asset management. The company is responding to the growing needs of financial institutions by blending traditional financial structures with modern technology solutions.
Paradigm proposes to create a new performance standard based on the "gas per second" measurement of network performance in EVM networks
Mars Financial News, Paradigm published an article saying that it is recommended that the EVM community adopt gas per second as a standard metric, and combine other dimensions of gas pricing to create a comprehensive performance standard.
According to Paradigm, blockchain network performance is typically measured by the "transactions per second" (TPS) metric, but for Ethereum and other EVM blockchains, a more nuanced and perhaps more accurate measure would be "gas per second", which reflects the amount of computational work that the network can handle per second, where "gas" is a unit of measurement of the amount of computational effort required to perform operations such as transactions or smart contracts, and is also useful for comparing the performance of different Ethereum Virtual Machine (EVM)-compatible chains.
According to the data, the most powerful network in the EVM network is opBNB (100mgs/s), and the worst performance is the Ethereum mainnet (1.25mgs/s). Reth, created by Paradigm, has reached 100-200mgas/s during real-time synchronization (including sender recovery, executing transactions, and calculating trie on each block), with a short-term goal of reaching 1 gigagas/s (1 billion per second).
Nyan Heroes unveiled tokenomics, 33.5% vested in the community
Mars Financial News, blockchain game Nyan Heroes has unveiled the tokenomics of its token NYAN. The maximum supply of tokens is 1 billion, 33.5% of the tokens will be directly used for community incentives, including airdrop seasons, in-game rewards, tournament prize pools, etc., 22% will belong to early investors, 18% will be allocated to teams and advisors, 16.5% will belong to ecological development, 7% will belong to strategic investors, and 3% will be used for liquidity and market making. The airdrop shares will all come from the community pool and will be fully claimable at TGE. Meanwhile, Nyan Heroes says its MEOW missions are still open and Season 2 is coming.
Polygon Labs首席运营官Michael Blank即将离职
Mars Financial News, Michael Blank, who has served as Polygon Labs' chief operating officer since March 2022, is leaving the company and Blank will remain with the company in the coming months to complete the transition. Nearly three months before Blank was laid off, the company laid off 60 employees, or about 19% of its workforce, nearly three months before Blank was laid off, according to a post announcing the layoffs in February. This follows a series of executive departures from the company over the past year, including two co-founders, a former CFO and a former president.
Survey data: 75% of Nigerians are confident in using Bitcoin for financial transactions
Mars Financial News, a new survey data shows that 75% of Nigerians are confident in using Bitcoin for financial transactions. The results of this survey come at a critical time for Nigeria's traditional financial markets. Nigeria's native currency, the nairra, has fallen sharply in recent months, and the government has also targeted cryptocurrencies while trying to maintain the naira exchange rate. One of the recent moves taken by the Nigerian Securities and Exchange Commission (SEC) for the cryptocurrency industry is to propose a significant increase in registration fees for cryptocurrency exchanges by 400%. （IBTimes）
Huasheng Securities became one of the first batch of virtual asset spot ETF underwriters in Hong Kong
Mars Financial News, The Hong Kong Stock Exchange announced the first batch of virtual asset spot ETFs to be listed, including Harvest Bitcoin Spot ETF (03439.HK), Harvest Ethereum Spot ETF (03179.HK), ChinaAMC Bitcoin ETF (03042.HK) and ChinaAMC Ethereum ETF (03046.HK). As the underwriter of the first batch of virtual asset spot ETFs, Huasheng Securities will open the product subscription channel for investors. （PR Newswire）
OSL Group has strengthened its partnership with Huaying Securities to facilitate physical subscription and redemption services for cash virtual asset ETFs in Hong Kong
Mars Financial News, OSL Group (00863) announced that OSL Digital Securities Co., Ltd., a wholly-owned subsidiary and digital asset trading platform licensed by the Hong Kong Securities and Futures Commission, has strengthened cooperation with Huaying Securities to promote the physical subscription and redemption process of Hong Kong's first spot virtual asset exchange-traded fund, and make full preparations for the launch of ETF products. OSL and Huaying Securities play an important role in facilitating the physical subscription and redemption of spot crypto ETFs, ensuring that investors can directly use the underlying physical digital assets to subscribe and redeem shares of spot virtual asset ETF products, which can greatly improve the liquidity of digital assets and allow more investors to easily access the digital asset market. (Finance)
The SEC sued Bitcoin miner Geosyn, accusing its founder of defrauding $5.6 million
Mars Financial News: The SEC filed a lawsuit against Bitcoin miner Geosyn Mining and its co-founders, accusing it of defrauding investors of $5.6 million by falsely reporting the number of crypto mining rigs in operation while using customer funds for personal expenses. （Cointelegraph）
$9.3 billion worth of options are about to expire, and BTC's biggest pain point is $61,000
Mars Financial News, Greeks.live researcher Adam posted an analysis on the X platform that 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a notional value of $6.2 billion. 990,000 ETH options are expiring soon, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a notional value of $3.1 billion. This week, the volume of the crypto market has dropped significantly, Bitcoin and Ethereum have fluctuated at low levels, and the weakness of the market has led to a sharp decline in all major maturity IVs, with Dvols falling by as much as 15% since the halving, and the halving has failed to bring volatility, resulting in an accelerated selling of a large number of option sellers. The recent outflow of ETF funds, the market sentiment is relatively sluggish, and last week mentioned that the whale lacks confidence in the market outlook, and this trend has not changed so far, and there is great resistance for BTC to return to its all-time high.
PenPad received investment from crypto investor Animoca Brands
Mars Financial News, Scroll ecological project PenPad received investment from crypto investment institution Animoca Brands. As a native revenue aggregator and launchpad of Scroll, PenPad has received strong support from Scroll and various ecological projects since its establishment, and PenPad aims to become a long-term builder of the Scroll ecosystem. According to the product roadmap revealed by PenPad, the agreement will include PenPad staking capabilities, Vaults asset management and value-added tools, and a Shop product that links virtual assets to RWA. PenPad will be upgraded to become the innovative Launchpad+Yield Aggregator platform of the Scroll ecosystem.
Arthur Hayes: U.S. Treasury Secretary Janet Yellen may launch a sky-high liquidity injection plan to accelerate the return of the crypto bull market
As the U.S. Treasury expects tax revenues to increase the total fiscal account (TGA) by about $200 billion, U.S. Treasury Secretary Janet Yellen is expected to inject a lot of liquidity into the market when she announces the plan for the issuance of Treasury bonds in the second quarter of 2024 next week, as the U.S. Treasury Department expects taxes to increase the total fiscal account (TGA) by about $200 billion. Hayes proposed three possible options: one would stop issuing Treasury bonds and reduce the TGA to zero, which would inject $1 trillion into the market, the second would divert more borrowing to short-term Treasury bills, thereby siphoning $400 billion from the overnight reverse repo facility (RRP) to inject liquidity into the market, and the third would inject $1.4 trillion into the market by combining the first two approaches and issuing only short-term Treasury bills instead of long-term bonds, consuming both TGA and RRP.
Yao Qian, director of the Science and Technology Supervision Department and director of the Information Center of the China Securities Regulatory Commission, was reviewed and investigated
Mars financial news, according to the Central Commission for Discipline Inspection and the State Supervision Commission in the China Securities Regulatory Commission Discipline Inspection and Supervision Group, Guangdong Provincial Commission for Discipline Inspection and Supervision: Yao Qian, director of the Science and Technology Supervision Department of the China Securities Regulatory Commission and director of the Information Center, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review by the Central Commission for Discipline Inspection and the State Supervision Commission in the China Securities Regulatory Commission Discipline Inspection and Supervision Group and the supervision and investigation of the Supervision Commission of Shanwei City, Guangdong Province.
2. Selected articles
Earth AI: Earth Artificial Intelligence
Earth AI uses artificial intelligence and physics to predict and drill critical metal deposits, increasing success rates, speeds, and reducing costs. Founder Roman Teslyuk started the company by teaching himself data science to create models capable of reclassifying rocks. Earth AI has discovered multiple valuable deposits, including three molybdenum deposits and high-grade lead and silver deposits. They work with partner Legacy Minerals to monetize new assets by discovering and verifying new assets. The authors are confident in the prospects of Earth AI and believe that they have the ability to produce valuable resources more predictably than other companies.
Layer1 公链最新进展图景
Innovation is heating up on Layer-1 platforms, and Bitcoin and Ethereum are evolving into more versatile platforms. Ethereum is moving towards a modular architecture, and new layer-1 blockchains such as Aptos are being born. Layer-1 is the foundational layer of the crypto ecosystem, which can be divided into private networks and general platforms. Different L1 networks have different architectures and performance metrics, but they can help us understand their technical differences. By being data-driven, we can understand how these networks span different approaches and provide innovative solutions for decentralized networks. The number of active addresses for Bitcoin and Ethereum remained stable, while the number of standalone wallets for Solana and Avalanche increased. The use of stablecoins in various L1 networks is also gaining traction, with Tron leading the way in the use of USDT. Understanding the differences and trade-offs between different L1 networks is critical to understanding the dynamics and potential of decentralized ecosystems.
VC Lessons Learned: 10 Things to Consider When Preparing a Token TGE
This article discusses the key factors for a successful web3 protocol token launch, including building relationships with liquidity providers, developing a TVL plan, and a strong go-to-market strategy. It is advisable to work with liquidity providers to create token liquidity, pre-negotiating TVL to increase social acceptance. The long-term solution is to let the protocol run long enough, but to build records by incentivizing early TVL. It is advisable to attract large deposits through token incentives, but in the long term it needs to be converted into fee-based earnings. It is also important to conduct private mainnet testing before launching, and to choose high-quality crypto legal counsel. Best practices are still evolving, and this article provides some starting points.
Resolve the EIP3074 included in the Prague upgrade: use cases, impacts, and risks
EIP3074 has come up with a new wallet plug-in called Invoker, which can break the previous restriction that msg.sender must come from the previous calling address. This allows any EOA to operate like a contract wallet. The new transaction flowchart uses AUTHCALL instead of CALL to validate the call, and msg.sender becomes the EOA that was originally authorized to sign for the called contract. This EIP is implemented through two new OP codes, AUTH and AUTHCALL. In the future, a trust relationship will be established between the wallet and the Invoker, and users will have the option to use an audited and trusted Invoker. EIP3074 will bring innovations in wallets and contract transactions, and improve the user experience for contract developers.
a16z: 5 rules for token issuance
This article covers five rules for launching a token, including treating tokens with caution, avoiding violating the law, emphasizing decentralization efforts, strict communication policies, and handling the secondary market with caution. The author emphasizes avoiding public sales of tokens in the United States to avoid legal risks. At the same time, the authors mention the tension between the SEC and blockchain builders, suggesting that projects impose transfer restrictions within a year of issuance and release them gradually to mitigate legal risks. In general, projects need to be careful about all matters related to token issuance and trading.
3. Project comprehension
新上币安：Renzo的崛起比Ethena还要传奇
Binance's new Renzo project is the most successful restaking project in the DEFI integration space and the most engaged by the community, becoming the second LRT to list on Binance. Renzo's rise is more legendary than Ethena, because it stepped on the Eigenlayer outlet, did not roll TVL in the early stage, and received Binance investment in the medium term. The recent airdrop issue has been improved by the team, with a total of 10 billion and a score of nearly 2 billion, and the price is expected to rise with the launch of AVS, the issuance of EL coins, and the launch of new products for the team.
4. Investment and financing
链上文化创意平台Spotlight完成200万美元Pre-Seed轮融资，Folius Ventures领投
Mars financial news, according to Decrypt reports, Spotlight, an on-chain cultural and creative platform based in Singapore, announced the completion of a $2 million Pre-Seed round of financing, led by Folius Ventures. In particular, the development of oriental culture.
Uniswap基金会向Auditless拨款120万美元以创建Protocol Grants Program
Mars Financial News, Uniswap Foundation announced a $1.2 million grant to Auditless on the X platform to support protocol innovation. Auditless will receive funding for at least one year and will assemble a team to achieve its goals. Through this grant, Auditless will create and operate the Protocol Grants Program, which aims to improve the protocol's core user experience by reducing execution costs and delays, and by exploring other opportunities to further create value for all stakeholders. The outcome of Auditless' work will be protocol upgrades or complementary layers to the protocol stack, and it will also explore opportunities for future protocol expansion and improvement, which could extend to token issuance, routing, lending, and more.
NFA Labs获Quantix Capital 1000万美元投资
Decentralized hedge fund and decentralized autonomous organization NFA Labs recently partnered with investment fund and asset manager Quantix Capital. As part of the partnership, Quantix Capital has committed $10 million to NFA Labs to grow its ecosystem. （Cointelegraph）
The BTC NFT project INK received a $10 million investment
Mars Financial News, BTC NFT project INK recently announced on the X platform that it has received a $10 million investment from incubator CaesarEon, aiming to promote the development of Bitcoin's native IP ecosystem.
It is reported that $2 million of this investment will be used to promote the development of the project, and $8 million will be used by CaesarEon to develop and develop IP on a global scale, establish a decentralized brand market concept, recruit talents and maintain the operation of the project, expand IP industry resources, and provide decentralized IP building tools for the Web3 industry.
链上文化创意平台Spotlight完成200万美元Pre-Seed轮融资，Folius Ventures领投
Mars financial news, according to Decrypt reports, Spotlight, an on-chain cultural and creative platform based in Singapore, announced the completion of a $2 million Pre-Seed round of financing, led by Folius Ventures. In particular, the development of oriental culture.
Movement Labs完成3800万美元A轮融资，Polychain Capital领投
火星财经消息，专注于构建以太坊 L2 区块链的Movement Labs宣布完成3800万美元A轮融资，Polychain Capital领投，Hack VC、dao5 和 Robot Ventures参投。
CARV完成1000万美元A轮融资,Tribe Capital和IOSG Ventures领投
火星财经消息，CARV 完成 1000 万美元 A 轮融资，Tribe Capital 和 IOSG Ventures 领投，Consensys、OKX Ventures、Fenbushi Capital、No Limit Holdings、Draper Dragon、Arweave、LiquidX 等参投。
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