IBC infrastructure Polymer Labs announced the launch of the Polyverse testnet, which will reward developers, infrastructure operators, and builders for their contributions in enhancing Ethereum scalability through Layer 2 solutions, expanding cross-chain applications, and promoting IBC in the Cosmos ecosystem.
The Polyverse testnet is divided into three stages. The first stage, Basecamp (already online, lasting until April), allows the development of dApps using Polymer, aiming to promote the development of innovative dApps and seamless interoperability, as well as enhancing developer tools within the ecosystem.
The second stage is planned to be released this month, during which Polymer will select a subset of dApps developed in the first stage and provide additional incentives for end-users to join the testnet.
The main focus of the third stage of Polyverse is to develop additional tools to support relayer operations and solicit feedback on relayer incentive plans.
As previously reported by BlockBeats, on January 23rd, Polymer Labs completed a $23 million Series A funding round, led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures, and Figment Capital, among others.
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Layer 1 blockchain Initia completed a $7.5 million financing round, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, Big Brain, and A.Capital. Angel investors include anonymous crypto trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes, WSB Mod, and Celestia COO. Initia is currently operating on a closed testnet. Some projects have already built DeFi applications on the testnet and plan to go live once the incentive testnet launches in early April. Once any issues are resolved, the project will launch its mainnet, with a preliminary plan to launch in the second quarter. As previously reported by BlockBeats, on October 12, 2023, the developers of Layer 1 network Initia announced today that they have received pre-seed investment from Binance Labs, with specific financing amounts and more details yet to be disclosed.
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Institutional cryptocurrency wallet provider Utila announced the completion of a $11.5 million financing round, led by NFX, Wing Venture Capital, and Framework Ventures, with participation from Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings and Impressive, as well as angel investors Balaji Shrinivasan.
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Arkham data showed that Grayscale transferred 3,443.123 BTC to the Coinbase Prime address at 22:12 Beijing time today, worth approximately $175 million.
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According to official sources, Animoca Brands' Web3 project Mocaverse has announced that due to its partner network Pixels successfully launching on Binance, the project will distribute up to 500,000 PIXEL tokens to a maximum of 5,000 Moca NFT and Moca ID holders through an airdrop (conditions include: holding Moca ID, RP as weight, completing at least 1 Pixels task and receiving task RP, and up to 2 victories). It is reported that this is the first batch of distribution, and more activities may follow. Mocaverse also stated that PIXEL is subject to lock-up period arrangements, and in the case of transfer or sale, the claim rights of the token will be transferred with your NFT. It also reminds to stay vigilant and beware of fraudulent links. Make sure you are connected to the official link and always interact with the official team.
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Google announced plans to incorporate user data from the decentralized data lake and query engine Subsquid into Google BigQuery, leveraging its powerful data analysis tools.It is reported that the Subsquid team is committed to solving the challenges faced by Web3 builders when using blockchain data. They have created a decentralized solution that ingests, standardizes, and structures data from multiple blockchains, making it easier to access. The solution is considered the largest decentralized data lake for Web3, supporting data from over 100 Ethereum Virtual Machines (EVM) and non-EVM chains.
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According to the Snapshot governance page, the Aave community initiated a "temperature check proposal for launching rsETH on Aave V3 Ethereum network."
The proposal states that Kelp DAO is seeking community support to add its Liquid Restaking Token, rsETH, to Aave V3 on Ethereum. In addition, users who deposit rsETH into Aave will accumulate additional Kelp miles and EigenLayer points.
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The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, declined to comment on whether Ethereum is considered a security by the regulator, despite multiple applications for spot Ethereum ETFs being considered. Gensler stated that the decision on whether a cryptocurrency is a security depends on the facts and circumstances of each case. The SEC has delayed its decision on approving the iShares Ethereum Trust from BlackRock, as well as applications from Fidelity, Invesco, and Galaxy Digital. Bloomberg ETF analyst James Seyffart predicted that the SEC will continue to delay a decision on Ethereum ETF applications until May 23.
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Earlier this month, the Hong Kong Monetary Authority (HKMA) issued the largest digital bond to date, consisting of four currency green bonds worth approximately $756 million. Now, HSBC and East Asia Bank are using the bond as collateral for repurchase transactions. During the issuance process, Hong Kong's Central Clearing and Settlement System (CMU) served as the Central Securities Depository (CSD) and integrated with HSBC's Orion blockchain solution. As a result, the repurchase transactions also used the same blockchain.
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UK digital bank Monzo has raised $430 million in a new funding round led by CapitalG, the independent venture capital arm of Google's parent company Alphabet. Monzo stated that the new funds will be used to accelerate its expansion plans, including a renewed attempt to expand its services to the US. Monzo reported that revenue in 2023 increased by 88% to £214.5 million (approximately $272 million), up from £114 million in 2022. It is reported that Horizons Ventures, a Chinese venture capital firm that separated from Sequoia Capital last year, also supported this round of funding, along with existing supporters Tencent and Passion Capital.
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The NFT market Magic Eden will add a new Ethereum market today, which is jointly launched by Magic Eden and Yuga Labs. Yuga Labs stated that it will stop supporting markets that do not support all creator royalties. "Royalties are the lifeblood of keeping creators building interesting and innovative things in this space." As previously reported by BlockBeats, Yuga Labs announced in November 2023 that it is partnering with Magic Eden to launch a new Magic Eden ETH market, which is the first Ethereum NFT trading market that is contractually obligated to fulfill creator royalties.
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Republican Congressman Tom Emmer from Minnesota stated that allowing an independent agency to begin collecting energy usage information from Bitcoin miners is an abuse of emergency powers by the Office of Management and Budget. Emmer's letter was sent out as the Texas Blockchain Committee and Bitcoin mining company Riot Platforms, Inc. sued the US Department of Energy and declared bankruptcy this week.
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According to BitMEX Research data monitoring, apart from Invesco, the net outflow of Bitcoin spot ETF on March 1 was $139.5 million, and the reason was that the outflow of GBTC funds reached as high as $492 million.
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Gray released the February market report, which pointed out that Bitcoin's price rose by about 45% in February, breaking through $60,000 for the first time since the fourth quarter of 2021. This phenomenon reflects the large influx of funds into US ETFs and expectations for Bitcoin halving in April.
In addition, from the previous crypto cycle, it can be seen that macro factors such as the Federal Reserve's monetary policy and economic conditions may seriously affect the valuation of crypto assets. If the macro market outlook remains optimistic, it may lead to further price increases of cryptocurrencies this year. Currently, Bitcoin's price is only 9% lower than its historical high, so it may set a new historical high later this year.
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Farside Investors monitored that on February 23, the ARK 21Shares Bitcoin Spot ETF (ARKB) had a net inflow of $34.5 million.
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The whale who built a position in FET 11 months ago has sold all holdings 9 hours ago, with a profit of $2.27 million and a return rate of 392%, as monitored by @ai_9684xtpa.The address transferred 1.38 million tokens from Binance at an average price of $0.41 on April 18, 2023, and gradually deposited them into CEX between February 20 and March 7, 2024, with an average withdrawal price of $BTC #SEC诉讼