Blockchain Briefs

According to reports, according to the latest announcement of Coin On, Coin On has completed the exchange of new STG tokens for AVAX C Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom, and Polygon blockchains with the original STG tokens. The original STG tokens will be reused as the transaction code on the Coin On platform, and STG deposits and withdrawals are now open; The revoked STG token will use STGOLD as the transaction code. STGOLD recharging is now open and will no longer support STGOLD token withdrawals. Coin security reminds users who extract STGOLD after the initial exchange is completed to re deposit STGOLD on the Deposit Crypto page because STGOLD has no value, and can continue to convert STGOLD tokens into STG through the conversion function. Coin security: STG has completed the contract swap in blockchains such as Ethereum, Arbitrum One, and Polygon Analysis based on this information:The announcement from Coin On reveals that they have…

On March 18th, according to Glassnode data, the number of voluntary exits by Ethereum verifiers reached 183 on March 16th, setting the second highest record since the merger. Voluntary exits refer to verifiers choosing to stop participating in the consensus and leave the verifier pool queue. They will no longer propose or prove blocks, and they will not be able to withdraw the previously pledged ETH after the upgrade in Shanghai. （cryptoslate） Data: On March 16th, 183 Ethereum verifiers voluntarily withdrew, setting the second highest record since the merger Analysis based on this information:The Glassnode data from March 18th revealed that Ethereum verifier pool is experiencing a high number of voluntary exits that occurred on March 16th – reaching 183, which is the second-highest record after the merger. These voluntary exits signify the decision of verifiers to exit the verifier pool queue and stop participating in the consensus. Consequently, they will no longer be able to prove or propose blocks,…

On March 18th, billionaire investor Bill Ackman posted a message on social media saying that Bank of America had planned to step in and acquire the troubled Signature Bank. It is expected to release relevant information next Monday. Data shows that the current market value of Bank of America is estimated to be approximately $222 billion. So far, neither Bank of America nor Signature Bank has responded to this matter. （cryptoslate） Bank of America may acquire Signature Bank Analysis based on this information:Billionaire investor Bill Ackman caused a stir on social media on March 18th when he claimed that Bank of America was planning to acquire troubled bank, Signature Bank. The news has yet to be confirmed, but Ackman stated that more details were expected to be released on Monday. The possibility of an acquisition is not surprising given the current state of the banking industry. Many banks are struggling with the aftermath of the COVID-19 pandemic, as well as…

According to reports, software engineer Albacore disclosed on social media that Microsoft is testing a built-in encrypted wallet for its Edge browser. Currently, Microsoft has not officially announced the wallet project, and the introduction page of the wallet does not specify which cryptocurrencies it supports. However, the project mentions involvement in cryptocurrencies and NFT, and the leaked screenshots indicate support for at least Ethereum, DAI, USDC, and USDT. Some of these tokens appear to have been added by users through custom token options. Other screenshots indicate that the wallet may be integrated with Coinbase and Moonpay transactions, as well as support for other extended wallets through its settings panel, as well as a “Explore” tab. Microsoft Edge Browser is testing built-in encrypted wallet Analysis based on this information:Microsoft is reportedly testing a built-in encrypted wallet for its Edge browser, according to a social media disclosure by software engineer Albacore. While Microsoft has not yet officially announced the wallet project, the…

According to reports, the market shows that OKB has broken through $50 and is currently reported at $50.26, with a daily increase of 4.32%. The market is volatile, so please do a good job of risk control. OKB breaks through $50 Analysis based on this information:According to recent reports, OKB has broken through the $50 mark and is currently reported at $50.26 with a daily increase of 4.32%. This development is significant for OKB, as it is a clear indication that the coin’s value is steadily increasing in the market. Investors are taking note of this development, and experts believe that the price can continue to rise over time. The current market volatility is a major concern for investors, as the price of cryptocurrencies can fluctuate drastically over a short period. Cryptocurrency investors are well aware of the risks associated with trading in digital assets, and they depend on accurate information and analysis to make the right investment decisions. Therefore,…

According to reports, Schumigge Figge, the chief creative officer of Yuga Labs, shared some details and future plans of the Bitcoin NFT series, TwelveFold, in a social media post. He stated that Yuga Labs team uses XMP metadata to process digital collections on the Bitcoin chain. The TwelveFold series is divided into four seasons: winter, spring, summer, and autumn, with all file sizes ranging from 229kb to 114kb, Yuga Labs will invest some of its sales revenue and will release new content information for TwelveFold in April. Yuga Labs Chief Creative Gallery: New content will be released in April at TwelveFold Analysis based on this information:Yuga Labs, the innovative crypto company, has revealed some exciting details about the upcoming Bitcoin NFT series TwelveFold. According to Schumigge Figge, the chief creative officer of Yuga Labs, the series is divided into four seasons, each with a different theme, and all sizes ranging from 229kb to 114kb. The Yuga Labs team will use…

According to reports, US regulators are considering holding securities under the names of Signature Bank and Silicon Valley Bank that have fallen below their purchase price, a move that will remove one of the possible obstacles to selling these two banks. According to people familiar with the matter, this is a routine practice after the Federal Deposit Insurance Corporation (FDIC) took over the bank, mainly facilitating the conclusion of acquisition transactions. Because if it involves assets with declining value, it will be more difficult to sell the relevant banks. People familiar with the matter said that the relevant asset size of Signature may be between $20 billion and $50 billion, and that of Silicon Valley banks may be between $60 billion and $120 billion. Both Silicon Valley banks and Signature have invested in bonds at low interest rates, and the value of these bonds has plummeted as the Federal Reserve has raised interest rates several times over the past year…

According to reports, in the week before the collapse of three banks triggered global financial turmoil, deposits in the US banking industry had continued to decline. According to data released by the Federal Reserve on Friday, bank deposits decreased by $54.4 billion to $17.6 trillion in the week ended March 8. Deposits have fallen by about $500 billion from the peak set in April last year, exacerbating the pressure on the financial system. After the collapse of Silicon Valley banks and two other banks, the Federal Reserve’s weekly report on the funding situation of the US banking industry suddenly became a key data point for the market and economy. Some people worry that moving depositors’ deposits or seeking higher yield products may cause more banks to fall into trouble. Another worrying issue is that banks will tighten their lending standards while improving their financial situation, which will curb the momentum of economic growth. There have been signs of slowing credit…

According to reports, according to L2BEAT data, the current total lockup volume of Ethereum Layer 2 has risen to $6.79 billion, up 18.77% on the 7th. Among them, the top five locking quantities are: The total lockup volume of Ethereum Layer 2 rose to $6.79 billion, up 18.77% on the 7th Analysis based on this information:The message highlights the surge in the lockup volume of Ethereum Layer 2, which has reached $6.79 billion, marking an increase of 18.77% on the 7th. Layer 2 scaling solutions aim to solve the scalability and fee issues of Ethereum network by decentralizing the computation and storage of transactions and minimizing the need for on-chain activities. The rising lockup volume indicates the growing adoption of Ethereum Layer 2 protocols by users and developers. Ethereum Layer 2 has emerged as a promising solution to the scalability and congestion issues faced by the Ethereum network. By migrating some of the transactions to Layer 2, users can enjoy…

According to reports, Grow Bank, a new financial technology company based in Zurich, plans to integrate cryptocurrency and legal tender transactions into its services. The bank stated that its platform supports 64 legal tender currencies and 20 cryptocurrencies, allowing users to trade legal tender currencies with cryptocurrencies. Users can use Grow’s application to open personal or corporate deposit accounts, obtain debit cards, and exchange currencies in legal or cryptocurrency. It charges an annual fee of 145 euros for personal and corporate cards and a monthly fee of 12 euros for personal and corporate accounts. Grow said he holds an electronic currency license and a traditional banking license, and “its users are protected by Swiss law.”. Grow Bank, a financial technology company, plans to integrate encrypted transactions into its services Analysis based on this information:Grow Bank, a new financial technology company based in Zurich, announced it plans to integrate cryptocurrency and legal tender transactions into its services. Its platform offers support…

It is reported that, according to official news, MakerDAO’s proposal to raise the investment ceiling of US treasury bond bonds from US $500 million to US $1.25 billion has been passed. This proposal won 77% of the votes. MakerDAO will use USD750 million in PSM to purchase more US treasury bond bonds, thus diversifying the current assets supporting DAI. These bonds mature every two weeks and will be purchased a total of 12 times over a six-month period for $62.5 million each. According to the proposal, the strategy expects a net annualized yield of 4.6% to 4.5% after deducting custody and expected transaction costs. MakerDAO has approved the proposal to raise the investment ceiling of US treasury bond bonds to US $1.25 billion Analysis based on this information:MakerDAO, a decentralized finance (DeFi) protocol, has reportedly passed a proposal to raise the investment ceiling of US treasury bonds from US $500 million to US $1.25 billion. This decision was made after…

It is reported that Copper, a British encryption and hosting company, will close its software and infrastructure development department to focus on the Clear Loop hosting and settlement business. Copper’s corporate division focuses on providing digital asset custody and infrastructure solutions for banks and funds. Sources say layoffs have begun, but it is too early to say how many people will be affected. Encryption hosting company Copper will shut down its software and infrastructure development department Analysis based on this information:Copper, a well-known encryption and hosting company based in the United Kingdom, has made a significant decision to close down its software and infrastructure development section. This move is part of the company’s critical strategy to concentrate on its core business, the Clear Loop hosting, and arrangement service. The company’s corporate division specializes in providing digital asset custody and infrastructure solutions to Banks and other financial institutions. Copper’s aim is to strengthen its position in the digital asset custody market…

According to reports, according to official Twitter news, the DeFi insurance project Nexus Mutual announced that its V2 version has been launched on the main Ethereum network. The agreement has been transformed into a risk management layer where experts can establish businesses, including: creating capital, launching a pledge pool, managing and pricing risks, developing new products, and so on. V2 aims to achieve seamless integration and product coverage with native DeFi and third-party user interfaces. DeFi insurance project Nexus Mutual V2 has been launched on the main Ethereum network Analysis based on this information:According to an official Twitter announcement, the DeFi insurance project Nexus Mutual launched its V2 version on the main Ethereum network. This development heralds the continued growth of DeFi insurance, with Nexus Mutual betting on V2 to achieve seamless integration with native DeFi and third-party user interfaces to enhance product coverage. The V2 version transforms the agreement into a comprehensive risk management layer, further expanding expert capabilities…

According to reports, the Arbitrum governance token airdrop model was designed by Offchain Labs, the Arbitrum Foundation, and Nansen in collaboration. The model bases the membership of the Arbitrum community on their organic participation in the Arbitrum ecosystem. The airdrop model relies on Nansen’s on-chain data and tags, assigning eligibility points to wallets based on their past on-chain activities, and collecting wallet addresses for at least 3 points to obtain airdrop eligibility. It is reported that there are currently 625143 wallet addresses eligible for air drop, accounting for 28% of all bridged addresses with Orbitrum One since its establishment up to February 6, 2023. Data: Currently, there are 625143 wallet addresses that meet the Arbitrum governance token airdrop conditions Analysis based on this information:Arbitrum, the Ethereum scaling solution, has witnessed a tremendous surge in popularity over the past few months, thanks to its ability to solve the pain points of the Ethereum network, such as high gas fees and slow…

According to reports, after the announcement of an air drop by Orbitrum, its Google search volume soared. Google search volume soared after Arbitrum announced an air drop Analysis based on this information:The announcement of an air drop by Orbitrum has created a buzz in the digital town, which soon reflected in the Google search volume. It is not a new tactic in the cryptocurrency world that new offers, incentives, or announcements tend to attract the audience’s attention and create a craze among them. But Orbitrum’s tactic has hit a new height as its announcement has given rise to the search volume on Google. Orbitrum’s air drop announcement has intrigued people’s curiosity and has become a hot topic of discussion in the crypto land, leading to increased searches on Google. It seems like the opportunity to get hands-on free coins or tokens without any investment is too good to pass up. The excitement around the air drop is evident from the…

According to a Bloomberg report, 21Shares, the issuer of cryptocurrency exchange traded products, is closing five funds and delisting another fund as investor demand weakens. Cryptocurrency ETP provider 21Shares closes its funds due to reduced investment demand Analysis based on this information:The world of cryptocurrency has been constantly fluctuating in terms of market value and investor sentiment. In a recent development, 21Shares, the issuer of cryptocurrency exchange traded products has decided to close five funds and delist another fund due to weakened investor demand. This announcement was made by Bloomberg, one of the most prominent business media outlets in the world. 21Shares is a Switzerland-based company that offers exchange-traded products (ETPs) for cryptocurrencies. It was created with the aim of facilitating institutional investors’ entry into the cryptocurrency market. The company claims to offer a safe, transparent, and reliable way to invest in cryptocurrency markets via ETPs. Despite the company’s success in attracting institutional investors, it seems that demand has recently…

According to reports, a class action lawsuit filed against multiple crypto KOLs, claiming that they “actively promoted FTX to millions of fans, but did not disclose their funding.” The defendant list includes Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin. The lawsuit adds that some creators have now removed all video clips that support FTX and praise SBF from social media. （The Block） Multi-bit encryption KOL was sued for promoting FTX and SBF Analysis based on this information:Recently, there has been news of a class action lawsuit filed against several cryptocurrency Key Opinion Leaders (KOLs) for allegedly endorsing FTX without disclosing their funding. The list of defendants includes Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin. According to reports, these popular crypto influencers promoted FTX to millions of their followers without disclosing their investments. It is alleged that their followers invested in FTX under the impression that it was a trusted platform, without being made aware of the…

According to reports, TeleportDAO, a Canadian blockchain infrastructure, announced the completion of a $2.5 million seed round financing, led by AppWorks and DefinanceX, and participated by Quantstamp, Coinlist, Candaq Fintech Group, SNZ Holding Limited, and Gate Labs. This round of financing will be used for product development and expansion of the team. Infrastructure platform TeleportDAO completed $2.5 million seed round financing Analysis based on this information:TeleportDAO, a Canadian blockchain infrastructure, has announced the completion of a $2.5 million seed round financing led by AppWorks and DefinanceX, with participation from Quantstamp, Coinlist, Candaq Fintech Group, SNZ Holding Limited and Gate Labs. The funds will be used for product development and expansion of the team. The announcement of TeleportDAO’s seed round funding is impressive, especially given its status as a promising newcomer in the blockchain infrastructure space. The funds raised will be used for product development, including the implementation of new features and the improvement of existing ones. Additionally, the expanded team…

On March 17th, it was announced that Ankr, a Web3 infrastructure provider, will provide RPC connectivity after the launch of Polygon zkEVM on March 27th. Ankr will also connect to the zkEVM test network and main network by starting RPC, enabling developers to build on the Ethereum expansion plan. Ankr will provide RPC connectivity after the launch of Polygon zkEVM Analysis based on this information:Ankr, a Web3 infrastructure provider, recently announced that it will provide RPC connectivity to the Polygon zkEVM after its official launch on March 27th. It was also revealed that Ankr would connect to both the zkEVM test network and the main network by starting RPC connectivity, allowing developers to build on the Ethereum expansion plan. This announcement is significant for the Web3 infrastructure space and developers who are interested in leveraging Ethereum’s ecosystem. Ankr’s decision to provide RPC connectivity to the Polygon zkEVM comes at a time when Ethereum’s scalability issues have become a major concern….

According to reports, the blockchain creator interaction platform GigaStar announced the completion of a $4.8 million seed round financing, with the participation of DV Crypto VC, Tomic Holdings, Nameless Ventures, and Belvedere Strategic Capital. GigaStar uses blockchain technology to enable creators to gain more innovative ways of interacting, including fan incentives, potential long-term royalties, and so on. Currently, GigaStar mainly supports YouTube creators and helps channels generate revenue through the launch of channel revenue tokens (CRTs) to empower next-generation Web3 YouTube creators. Blockchain creator interaction platform GigaStar completed $4.8 million seed round financing Analysis based on this information:GigaStar, a blockchain creator interaction platform, has recently announced the completion of a $4.8 million seed round financing. The seed round financing was participated by DV Crypto VC, Tomic Holdings, Nameless Ventures, and Belvedere Strategic Capital. The GigaStar platform aims to enable creators to gain more innovative ways of interacting, such as fan incentives and potential long-term royalties, through the use of advanced…