headlines
Fidelity has submitted Form S-1 to the U.S. SEC to apply for a spot Ethereum ETF
On March 27, according to Bloomberg ETF analyst James Seyffart, Fidelity has submitted Form S-1 to the U.S. Securities and Exchange Commission to apply for a spot Ethereum ETF. It is reported that this application is not an amendment to the application document, but Fidelity’s first application. , they had only submitted 19b-4 applications before.
U.S. court decides not to dismiss part of U.S. SEC’s lawsuit against Coinbase
On March 27, the U.S. court decided not to dismiss part of the U.S. SEC’s lawsuit against Coinbase. According to some market sources, the U.S. judge allowed the SEC to continue to accuse Coinbase of failing to register as a securities business. Additionally, the judge dismissed the SEC’s accusation that Coinbase was acting as an unregistered broker through its wallet application.
Elon Musk replied to meme creator
On March 27, British evolutionary biologist and animal behaviorist Richard Dawkins posted on the A Dawkoin Meme coin was created. I dont even know what that means, but it sounds interesting.
Elon Musk responded with a crying with laughter emoji.
Birdeye data shows that the meme currency Dawkoins (DAW) on the Solana chain is currently trading at $0.003833, with a 24 H increase of 78.08%.
Industry news
CFTC reiterates ETH is a commodity in indictment against Kucoin
On March 27, the U.S. Commodity Futures Trading Commission (CFTC) once again reiterated that ETH and several other cryptocurrencies are commodities as regulators work to gain regulatory authority over the expanding digital asset industry. The derivatives regulator said on Tuesday in a legal complaint against the operators of cryptocurrency exchange Kucoin that Bitcoin, Ethereum and Litecoin are commodities, a press release showed. The CFTC’s announcement marks one of the latest attempts by regulators to establish the Ethereum blockchain’s native token as a commodity within its regulatory purview.
“KuCoin solicited and accepted orders, accepted property as margin, and operated a facility for futures, swaps and leveraged, margined or financed retail transactions in digital assets involving commodities, including Bitcoin, Ethereum and Litecoin,” the CFTC’s attorneys said in the complaint Tuesday. (The Block)
Tidal and Hashdex will open Bitcoin spot ETF trading after completing fund switch
On March 27, Tidal Investments and Hashdex Asset Management announced on Tuesday that they would trade their Bitcoin spot ETF in the United States and rename the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF (DEFI).
The two parties stated in a statement that the ETF will be renamed DEFI as its trading code, corresponding to its conversion to allow the ETF to hold spot Bitcoin and track the new benchmark index, effective March 27.
The ETF expects to invest at least 95% of the funds assets in spot Bitcoin, with up to 5% of the remaining assets in CME-traded Bitcoin futures contracts and cash or cash equivalents. According to information on the Hashdex website, as of March 27, the fund’s total net assets were US$11.16 million. (The Block)
On March 27, Brian Chan, head of investment and products at Hong Kong asset management company VSFG, said that VSFG and Value Partners had submitted a spot Bitcoin ETF to the Hong Kong Securities and Futures Commission (SFC). Apply. (CoinDesk)
Prior to the news in January, Value Partners Hong Kong Fund Management and Sino-German Financial Services Group (VSFG) announced the signing of a memorandum of understanding. The two parties will provide retail and institutional investors with innovative investment solutions that combine virtual assets and traditional investment tools. As the first step in cooperation, the two Hong Kong companies will jointly explore the launch of a Bitcoin spot ETF in Hong Kong.
On March 27, Fox Business reporter Eleanor Terrett disclosed on the , he believes that before the spot Ethereum ETF is approved, the spot LTC or spot XRP ETF may be approved. In addition, Steven McClurg predicts that Bitcoin may reach $150,000 in 2024.
Project News
On March 27, according to BRC 20 developer and Layer 1 Foundation founder domo, he posted on the Only deployers are allowed to participate in minting and issuing assets with 5-byte code after they have been deployed to isolate existing assets.
On March 27, Decrypt issued a reminder on the There is no DECRYPT airdrop. We are working hard to restore the account.”
Arbitrum and Azuki jointly launch blockchain-powered animation network AnimeChain
On March 27, the Arbitrum Foundation, Azuki, and the Weeb 3 Foundation announced that they are collaborating to launch a blockchain-driven animation network. Through the cooperation, the three organizations aim to use Web3 technology to enhance animation for millions of people around the world. experience, covering first-party and third-party anime content, games, merchandise and NFT, thus opening up the next era of anime fans. According to a statement, the new project is named AnimeChain. (TheBlock)
On March 27, the Near Foundation announced the launch of Chain Signatures, a protocol that allows users to sign transactions on a third-party blockchain from a Near account. Chain Signatures is running on Nears test network, with its mainnet expected to launch in early May, according to a Near spokesperson.
Chain Signatures are powered by the decentralized multi-party computation (MPC) network and secured by Near network validators. It enables Near accounts (including smart contracts) to sign transactions for any blockchain and control any number of addresses on all blockchains, enabling new DeFi use cases. According to the foundation, it will also receive additional security from EigenLayer in the future. (The Block)
A user carved a 726 KB JPEG into Bitcoin, becoming the ninth largest Ordinal inscription
On March 27, Ord.io posted on the X platform that a user had just used a non-standard transaction to engrave a 726KB JPEG into Bitcoin. This is the ninth largest Ordinal inscription ever.
On March 27, according to Scopescan monitoring, Amber withdrew 511,000 ETHFI ($2.63 million) from Binance and KuCoin 12 hours ago. Currently, Amber holds 7.68 million ETHFI ($47.78 million).
Bitcoin ecological DeFi project bitSmiley launches the first native stablecoin AMM bitCow
On March 27, according to official news, the Bitcoin ecological DeFi project bitSmiley launched the native stablecoin AMM bitCow to enrich the usage scenarios of its native stablecoin bitUSD. bitCow completely eliminates free losses in the transaction process and simplifies the users asset management process through mechanisms such as dual LP tokens.
According to the official roadmap, the upcoming V1 version will focus on launching trading functions that support Bitcoin’s native stablecoins; the V2 version will focus on implementing a more advanced automated centralized liquidity AMM solution to improve the fund usage efficiency of Bitcoin’s native assets.
SingularityNET, Fetch.ai, and Ocean Protocol propose merging tokens into ASI
On March 27, people familiar with the matter revealed that SingularityNET, Fetch.ai and Ocean Protocol were discussing merging the tokens into the ASI token, which has an FDV of approximately $7.5 billion. Officials could announce the news as early as Wednesday, but it will ultimately depend on whether community members from the three projects approve the token merger proposal, people familiar with the matter said.
People familiar with the matter noted that while the three platforms will continue to operate as independent entities, they will collaborate under the guidance of the Superintelligence Collective’s management committee. SingularityNET founder and CEO Ben Goertzel will serve as Superintelligence Collective CEO, and Fetch.ai CEO Humayun Sheikh will serve as chairman. (BBG)
Additionally, The Block reported that the proposed merger, dubbed the Artificial Superintelligence Alliance, would see the projects’ respective tokens become Artificial Superintelligence (ASI). The three projects will submit token merger proposals to their respective governance communities today for a 14-day consultation period. Proposal voting is expected to take place from April 2 to April 16.
If the proposal is approved by various communities, the Fetch.ai token FET will become ASI, with a total supply of 2.63 billion ASI and a starting price of $2.82. SingularityNET token AGIX and Ocean Protocol token OCEAN will be migrated to ASI at conversion rates of 0.43335:1 and 0.433226:1 respectively.
AltLayer launches ALT token staking function
On March 27, the Rollup platform AltLayer announced the launch of native ALT token staking, so that ALT holders can contribute to the economic security of its ecosystem.
The launch of ALT token staking marks the multi-phase rollout of MACH Alpha, a rapid finality service for Layer 2 rollups. This service will be used to protect and help scale Layer 2 solutions. (The Block)
Immutable zkEVM has completed the Shanghai hard fork upgrade
On March 27, according to official news, Immutable announced that Immutable zkEVM has completed the Shanghai hard fork upgrade, and no downtime occurred during the upgrade. Immutable zkEVM is powered by Polygon and will continue to be supported by Ethereum-grade security as well as the best infrastructure so that all developers can thrive. It is reported that Immutabl currently supports Solidity 0.8.20 and Open Zeppelin v 5.0, and RPC node operators can now deploy the latest immutable/go-ethereum Docker image to keep pace with the network.
On March 27, according to Lookonchain monitoring, the price of MNT rose by about 60% due to the launch of Upbit. After the launch announcement, Dragonfly Capital and Fenbushi Capital deposited a total of more than 13 million tokens into Bybit, including:
1. Dragonfly Capital deposited 10.5 million MNT (worth approximately US$13.86 million) into Bybit;
2. Fenbushi Capital deposited 2.89 million MNT (worth approximately US$3.78 million) that it has held for 8 months into Bybit 2 hours ago. If all are sold, it will make a profit of US$2.4 million.
Zilliqa: ZilBridge is back online and has restored full functionality
On March 27, according to official news, Zilliqa announced that ZilBridge was back online. After a long interruption, all ZilBridge functions were restored. According to previous news, Zilswap, the DEX on the Zilliqa chain, published an article on the Once fully resolved, cross-chain bridge transactions will resume and all transfers stuck in transit will be processed.
Meme project LADYS launches DEPIN mobile phone project Meme Phone
On March 27, Meme project LADYS launched the DEPIN mobile phone project Meme Phone. The first batch is limited to 100 units and is only for LADYF holders. It is reported that each mobile phone will receive 1 million LADYF airdrops and a unique NFT to mark ownership. The selling price is approximately 2 SOL.
On March 27, according to official news, the Web3 card game Cards Ahoy! has launched public beta. According to the official website, more than 2 million people have made reservations to download it.
Cards Ahoy! is a 60-second fast-paced card game developed by Metalist Game’s senior game development team from well-known game companies such as Riot Games, NetEase, Ubisoft, Blizzard, etc. It has currently reached agreements with Binance, OKX, Ton, etc. It has also recently announced a strategic partnership with NetEases multiplayer online action game Everlasting and obtained the IP authorization of its iconic characters.
In the three tests in history, Cards Ahoy! received widespread attention. In the second public test, there were approximately 25,000 people, with nearly 180,000 hours of game time, and a ten-day retention rate of 47%; in the third test, the ten-day retention rate reached 90.13%, and the highest single card transaction value reached 6,000 USDT; in addition, the CAC test code The currency ranks first in trading volume on the opBNB trading platform.
It is reported that the Cards Ahoy! Myth Advent event has been launched. Players can obtain Myth cards by opening the season blind box. The current floor price of a single card is 18,000 U.
Nomura Securities’ digital asset subsidiary Laser Digital launches new fund Polygon Adoption Fund
On March 27, Nomura Securities’ digital asset subsidiary Laser Digital announced the launch of a new fund, Polygon Adoption Fund, aiming to provide investors with investment opportunities in Polygon’s native token MATIC. It is reported that the fund will hold TruMATIC, which is a deposit of MATIC. Liquid pledged tokens received when deposited into the TruStake vault. Additionally, Polygon Adoption Fund uses Polygon AggLayer, which is designed to connect to Layer 1 or Layer 2 blockchains powered by zero-knowledge technology, enabling cross-chain transactions almost instantly. (Blockworks)
On March 27, Polyhedra Network announced that it had reached a cooperation with Renzo to provide a $1.8 billion crypto economy for its Bitcoin interoperability protocol by integrating Renzo’s Liquidity Re-pledge Token (LRT) and the dual pledge mechanism of ZK tokens. Security guarantees for trust-minimized Bitcoin interoperability.
This collaboration expands the interoperability, security, and user experience of the Bitcoin ecosystem. The combination of zero-knowledge proofs, AVS and staking/re-staking functions, enhanced cryptoeconomic security through Renzo’s LRT, sets a new standard for secure, efficient and user-friendly Bitcoin messaging cross-chain technology.
In the future, pledgers of ZK tokens (the native token of Polyhedra Network) will receive income from cross-chain messages in the Bitcoin ecosystem. (TheBlock)
21 Shares Launches Toncoin Staking ETP TONN on SIX Swiss Exchange
On March 27, 21 Shares AG has launched the Toncoin staking exchange-traded product TONN on SIX Swiss Exchange, with an annual rate of 2.5%. This product will track the performance of Toncoin and reinvest the income generated from staking into ETP, providing Offers investors a way to earn staking rewards without setting up or managing a staking node. (TheBlock)
Celo mainnet has completed native USDT deployment
On March 27, according to official news, following the establishment of a partnership between Tether and the Celo ecosystem on March 11, its U.S. dollar stablecoin USDT has now been deployed on the Celo main network, and Celo ecosystem partners such as Ammer Pay, EthicHub, and Bitmama have Commitment to use native USDT.
On March 27, the PancakeSwap community initiated a proposal discussion to deploy ManCake on the Mantle Network. It is reported that Mancake will receive official support from PCS and Mantle Network to provide users with one-stop service, allowing users to use user-friendly methods in a trustworthy environment. Interface to trade, earn and own various cryptocurrencies. Additionally, Mancake will allow protocols to build deep liquidity by channeling token emissions into their pools.
It is reported that the proposal discussion is expected to end on March 28, and then the governance proposal will be released on PCS on March 29. If all goes well, the social media account launch is expected to be carried out in the first week of April 2024, April 2024 It is planned to deploy MancakeSwap DEX in the last week, and then conduct token issuance in the second quarter.
On March 28, Huang Licheng, the elder brother of Maji, announced the launch of the Solana Meme project Bobaoppa on the A total of US$20,834,278.28. Bobaoppa reminds fundraising participants not to send funds to fundraising addresses through exchanges.
Odaily reminds users to pay attention to asset security and choose investment targets carefully.
Investment and Financing
JDI Ventures makes strategic investment of US$10 million in MXC Foundation
On March 27, JDI Ventures, the DePIN investment fund of blockchain hardware manufacturer JDI Global, announced a strategic investment of US$10 million in the MXC Foundation, aiming to promote the development of the Ethereum decentralized physical infrastructure network (DePIN). (Decrypt)
Peaq raises $15 million led by Generative Ventures and Borderless Capital
On March 27, DePIN Layer 1 protocol Peaq completed US$15 million in financing, led by Generative Ventures and Borderless Capital, Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth and others participated in the investment.
This round of financing will be used to expand the Peaq ecosystem, which consists of more than 20 DePINs and involves areas such as multi-chain machine IDs, artificial intelligence agents, and data verification. (The Block)
According to previous news in June 2022, peaq completed US$6.5 million in financing, led by Fundamental Labs, with participation from HashKey, GSR, Delta VC, Mulana, Cypher Capital, GravityX, Waterdrip, Ceras, Masterventures, etc.
On March 27, decentralized cloud infrastructure provider Hive announced the completion of a $13 million Series A round of financing, led by SC Ventures and participated by OneRagtime and others. Hive built a centralized model of cloud computing that aims to aggregate unused hard drives and computing power from personal devices. This decentralized reorganization should help enterprises plan cloud-related expenses more effectively, promoting server autonomy rather than dependence. Fewer cloud providers and reduce energy usage. (Fortune)
Web3 AI platform MyShell completed $11 million in Pre-A financing, led by Dragonfly
On March 27, MyShell, a Web3 artificial intelligence platform focused on creators, announced the completion of $11 million in Pre-A financing, led by Dragonfly, Delphi Ventures, Bankless Ventures, Maven 11 Capital, Nascent, Foresight Ventures, GSR, Animoca Ventures, Nomad Capital and OKX Ventures, as well as many well-known angel investors such as Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago Santos, etc. participated in the investment.
MyShell allows creators to build AI agents or robots for use by consumers or users. It is said that the platform currently has about 50,000 creators and more than 1 million registered users, and its ecosystem includes many such as OpenVoice, MeloTTS and Alice. tools and services.
Haseeb Qureshi, managing partner of Dragonfly, is very optimistic about the development of MyShell. He emphasized: We are very happy to support MyShell in continuing to explore new areas. MyShell is committed to open source development and empowering creators, which is exactly what is needed to promote innovation and inclusivity in the industry.
MyShell Co-founder Ethan Sun said: MyShell will completely change the ecosystem of AI creators. We will use the new funds to expand the scale of our operations and further support the development of a decentralized open source AI community. (TheBlock)
On March 28, Web3 game company Elixir Games announced the completion of a $14 million seed round of financing, with participation from Shima Capital and Solana Foundation, as well as gaming giant Square Enix. The companys total financing so far has reached $20 million. Elixir Games will use the funds to develop its gaming ecosystem, which will be launched in the second quarter of 2024, and will also launch ELIX tokens to support the companys gaming products. (TheBlock)
On March 28, the Bitcoin second-layer network BOB (Build on Bitcoin) announced the completion of a US$10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid layer 2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum. (CoinDesk)
Character*Voice
On March 27, SlowMist founder Yu Xian posted on the One of the developers is a North Korean hacker... This is at least the second time we have encountered this kind of situation in a DeFi project. The core developer pretended to be lurking for a long time, gained the trust of the entire team, and took action as soon as the opportunity came. No mercy. There may be many victims, and we will follow up closely.
According to news this morning, the Blast ecological project Munchables was attacked, causing a loss of approximately US$62.3 million.
On March 27, Blast founder Pacman posted on the X platform that Blast core contributors had received $97 million in funding through multi-signatures. Thanks to the former Munchables developer who chose to finally return all funds without any ransom.
Pacman pointed out that Munchables and protocols integrated with it (such as Juice) were affected in this incident. It is important that all development teams, whether directly affected or not, learn from this and take preventive measures to more thoroughly secure themselves. Core contributors are always happy to help connect Blast builders with audit partners. In the meantime, Blast is working to support the Munchables team in safely distributing funds to users.
Vitalik posted: Support decentralized staking through more anti-correlated incentives
On March 27, Ethereum co-founder Vitalik Buterin posted on Warpcast: Are validators in the same cluster (such as the same trading platform, the same user) more likely to miss certification at the same time than unrelated validators? If so, Can we adjust rewards to support decentralized staking? Maybe.”
In addition, Vitalik published an article Supporting decentralized staking through more anti-correlation incentives, which mentioned that one strategy to encourage better decentralization in the protocol is to punish correlation. That is, if a participant misbehaves (including unexpected circumstances), their punishment will increase as the number of other participants who misbehave at the same time (as measured by total ETH) increases. The theory is that if you are a large player, any mistakes you make are more likely to be replicated across all the identities you control, even if you spread your assets across many nominally independent accounts.
This technique is already used in Ethereum’s slashing mechanism. However, edge-case incentives that only arise under highly specific attack scenarios may never arise in practice and are therefore insufficient to incentivize decentralization. This paper proposes extending similar anticorrelated incentives to more ordinary failure cases, such as missing a proof, a mistake that almost all validators make at least occasionally. The theory is that larger stakeholders, including high net worth individuals and staking pools, will run many validators on the same internet connection or even the same physical computer, which will result in disproportionately related failures. Such a staker could always set up a separate physical setup for each node, but if they end up doing this, it means we have completely eliminated economies of scale for participants.
Vitalik: Account abstraction provides security and convenience to blockchain developers and users
On March 27, Ethereum co-founder Vitalik Buterin said in a speech at the cryptocurrency conference BUIDL Asia in Seoul, South Korea on Wednesday that account abstraction is a way to provide security and convenience for blockchain developers and users.
According to Vitalik, modern account abstractions include additional features not currently supported by Ethereum that could improve security and convenience. Security goals include allowing users to change and revoke private keys and better means of account recovery, while convenience goals include the ability for users to pay gas fees in ERC-20 and payment automation.
Vitalik also said: The next 10 years will be about really upgrading the ecosystem at the user level, allowing us to make something that people in low-income countries around the world can actually use.
During the QA session after the presentation, Vitalik was asked about his thoughts on the concept of the Metaverse, stating: To me, the Metaverse is one of those things that is very poorly defined. It feels like everyone expects there to be one for them. A metaverse where everyone can participate.”
But the challenge is that its often associated with virtual reality, but with virtual reality, the kind of things that people really need end up being much simpler. (The Block)
