|Ava Labs raises $350 million; Musk proposes to buy Twitter at $54.20 per share (April 14)
headlines
headlines
Beijing Arbitration Commission: Bitcoin belongs to virtual property and is protected by law
Recently, in a case of entrusted management of bitcoin disputes, the Beijing Arbitration Commission made a ruling and rejected all the applicant's arbitration claims.
The arbitral tribunal held that the contract in this case was not an illegal contract, nor did it violate public order and good customs, and there was no circumstance of invalidity, but a legal and valid contract. The reasons were as follows:
Secondly, the contract in this case is not an expressly prohibited illegal financial activity and token issuance financing activity, and the above provisions do not apply. Therefore, the contract in this case did not violate the above provisions, and there was no violation of public order and good customs.
Bloomberg: Ava Labs to raise $350 million at $5.25 billion valuation
The lawyer believes that the ruling of the Beijing Arbitration Commission is in line with the due meaning of the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions". The "Notice" stipulates: "Virtual currency does not have the same legal status as legal tender, and should not and cannot be used as currency in the market." (Liu Yang metaverse lawyer)
Bloomberg: Ava Labs to raise $350 million at $5.25 billion valuation
Ava Labs, the main developer of the cryptocurrency Avalanche, is raising a new funding round at a valuation expected to exceed $5 billion, making it one of the most valuable cryptocurrency startups in the world, according to people familiar with the matter. The company will raise $350 million at a valuation of $5.25 billion, one of the people said. (Bloomberg)
Tesla CEO Elon Musk offered to buy Twitter (TWTR.N) for $54.20 per share in cash. Twitter ( TWTR.N ) rose 15 percent in premarket trading and said it needed to transform into a private company. My offer is my best and last offer. If the offer is not accepted, I will need to reconsider my position as a shareholder. Twitter has incredible potential, and I will unleash that potential. Morgan Stanley has been engaged as financial advisor.
Project News
The wallet authentication infrastructure Web3Auth has reached a cooperation with the Ethereum Layer 2 expansion development team StarkWare, and released a permissionless key management infrastructure Auth Network, which provides support for Web3Auth's plug-and-play SDK and provides self-hosted social networking for DApps and wallets. Log in.
The Move to Earn application STEPN announced the start of repurchase and burning of GMT tokens. The team plans to buy GMT worth 10,000 SOL (approximately USD 1 million) every day until the funds are exhausted (approximately USD 26 million).
According to previous reports, STEPN announced that in the first quarter of 2022, it will make a profit of 198,635.62 SOL (about 26,815,807.35 US dollars) through the in-app NFT market transaction royalties (4%) and handling fees (2%). According to calculations, the total transaction volume is about 3310593.67 SOL ( about $446 million). At the same time, the team announced that it will use the profits to repurchase and destroy GMT from the secondary market. To avoid sudden price fluctuations, this process may take up to a month to complete.
According to official news, Uniswap Labs announced the launch of Swap Widget, which allows users to seamlessly exchange tokens on any network.
Uniswap Labs Announces the Launch of Swap Widget, Allowing Users to Seamlessly Swap Tokens on Any Network
Uniswap Labs is working hard to build a world where everyone has access to fair, open and transparent markets. The Swap Widget brings this vision closer to reality by giving developers access to Uniswap’s swap functionality with just one line of code.
For example, on OpenSea, users can exchange tokens for WETH or ETH for WETH without leaving the platform.
Klaytn announces $20 million investment to advance blockchain research
Metaverse GameFi and NFT
Metaverse GameFi and NFT
Virtual Real Estate Platform Metaverse Group Acquires Decentraland Music District, Consisting of 34 Plots
According to reports, the music area consists of 34 plots, equivalent to 91,936 square feet in terms of physical area. The area is strategically located bordering Festival Land, Decentraland's live music district, featuring live performances by many renowned artists. (Business Wire)
Crypto entrepreneur Sina Estavi bought an NFT version of Twitter founder Jack Dorsey's first tweet in March 2021 for $2.9 million. The NFT pending order was priced at $48 million, and the sale period ended on Wednesday, but only a handful of offers were received, ranging from 0.0019 ETH (about $6) to 0.09 ETH (about $280). As of press time, OpenSea showed that the highest bid for the tweet NFT was 1.163 ETH (approximately $3633.05). (CoinDesk)
Bobu will send 2,000 Bobu Tokens (approximately $1 million) into space for a 31-day experiment, during which special souvenirs will be provided for holders. To celebrate this event, Bobu will give away 1 BEANZ and 1 Bobu Token to one lucky person.
Investment and Financing
DeFi reputation service project Reputation DAO completes $4.75 million in seed round financing
Reputation DAO, a verifiable, decentralized and programmable reputation service for DeFi, announced the completion of a $4.75 million seed round of financing, with participation from DACM, AirTree Ventures, Koji Capital, and Framework Ventures. Chainlink co-founder Sergey Nazarov has also joined the Reputation DAO as an advisor. (PR Newswire)
Web3 Regular Payments Company Loop Completes $4 Million Seed Funding Led by a16z
Loop, a Web3 start-up company, announced the completion of a US$4 million seed round of financing, led by a16z, A_capital, Alchemy Ventures, CoinList, Pantera Capital partner Paul Veradittakit, Nansen CEO Alex Svanevik and other angel investors participated in the investment.
Loop, a Web3 start-up company, announced the completion of a US$4 million seed round of financing, led by a16z, A_capital, Alchemy Ventures, CoinList, Pantera Capital partner Paul Veradittakit, Nansen CEO Alex Svanevik and other angel investors participated in the investment.
Web3 Wallet Tracking App Context Completes $19.5 Million Financing, Led by Variant Fund and Others
Investment fund Skynet EGLD Capital completes over US$40 million in financing, led by Spark Digital Capital and others
Cryptocurrency market maker FLUID has completed $10 million in financing led by GSR, Ghaf Capital and 21Shares. Raising funds will help the team provide real-time pricing and provide liquidity to venues such as exchanges by reducing fees and latency.
It is reported that the FLUID team is led by bankers and financial technology experts from Bank of America, Goldman Sachs, BlackRock and Jefferies. (Forkast)
Skynet EGLD Capital, an investment fund, completed over US$40 million in financing, led by Spark Digital Capital, Woodstock, Morningstar Ventures, and Verko, and participated by Binance Institutional, KuCoin, Huobi Group, and Bitmart. The fund will be used to promote the development of Elrond Network ecology. (Crypto Potato)
EPNS completes US$10.1 million in Series A financing, led by Jump Crypto and participated by Tiger Global
global policy
global policy
A bill to regulate the Brazilian cryptocurrency market is expected to be approved by the National Assembly in the first half of this year.
character * voice
character * voice
Author of "Rich Dad Poor Dad": Investing in Solana (SOL) is because of its long-term potential
In a recent interview, Rich Dad Poor Dad author Robert Kiyosaki was asked why he recently added Solana (SOL) to his portfolio. "The best deals are always done early. When people say, 'Are you investing in bitcoin?', (my answer is) yes, bitcoin was at $6,000. Solana is also in its early stages," he said. , it's possible, but it's a long-term opportunity." (The Daily Hodl)
Director of the Payment and Settlement Department of the Central Bank: Strengthen risk prevention in new fields such as virtual currency
FTX founder SBF put forward some ideas on decentralized Twitter:
1. Tweets are on-chain, encrypted: the sender chooses who has access to them. If likes and retweets are also on-chain, this will force some L1s to scale to hundreds of thousands or even millions of TPS, but it will eventually happen.
2. There are two forms of monetization: Tweet level, the underlying protocol charges for each message; UI level, which can be profitable or subsidized, for example, you can display advertisements, monetize it, and use it to pay network fees. Each UI can have its own moderation policy, no longer one person/company controls speech.
1. Tweets are on-chain, encrypted: the sender chooses who has access to them. If likes and retweets are also on-chain, this will force some L1s to scale to hundreds of thousands or even millions of TPS, but it will eventually happen.
3. The following can be integrated into Twitter: tips/payments/monetization for content creators; NFTs/profiles/avatars; and DOGE.
