Original author: Koala, Mars Finance

Decentralized clearing network Yellow Network completes $10 million seed round, led by Ripple co-founder Chris Larsen

The decentralized clearing network Yellow Network has completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital. Yellow Network aims to solve the problem of inefficiency in cryptocurrency. It is reported that its chain-neutral network is built on state channel technology to provide capital efficiency, reduced latency and scalability for the growing digital asset market. "

BlackRock and Microsoft to launch $30 billion artificial intelligence investment fund

According to the Financial Times, citing people familiar with the matter, BlackRock is planning to launch an artificial intelligence investment fund of more than $30 billion with technology giant Microsoft, which will build data centers and energy projects to meet the growing demand for electricity and infrastructure for artificial intelligence. BlackRock will launch this fund with its new infrastructure investment unit Global Infrastructure Partners, which will become one of the largest investment vehicles ever on Wall Street. Microsoft and Abu Dhabi-backed investment company MGX are general partners of the fund. People familiar with the matter also said that chipmaker Nvidia will provide expertise. According to people familiar with the matter, the investment tool aims to address the huge demand for electricity and digital infrastructure to build artificial intelligence products. The computing power of artificial intelligence requires more energy than previous technological innovations, and it is expected that the existing infrastructure will face serious capacity bottlenecks in the next few years.

Solana gaming company MagicBlock completes $3 million pre-seed financing, with a16z participating

According to Blockworks, MagicBlock, a Solana-based gaming company, has completed a $3 million pre-seed financing, with venture capital giant Andreessen Horowitz (a16z) participating. The company plans to use the new funds to expand its team and develop technology, including introducing its game engine to the Solana mainnet and working with online games. It is reported that MagicBlock was founded in September 2023 and is currently developing a game engine that allows video games to run entirely on the chain.

Circle enters Brazilian and Mexican markets, local fiat currencies can be directly exchanged for USDC

On September 17, according to The Block, Circle's US dollar stablecoin USDC entered the Brazilian and Mexican markets. This move allows Brazilian real and Mexican peso to be directly exchanged for USDC without converting fiat currency into US dollars.

Stacks and Aptos reach a cooperation to introduce sBTC to the Aptos network

According to Decrypt, Bitcoin's Layer 2 network Stacks is integrating with the Move language-based Layer 1 network Aptos. This collaboration will introduce sBTC to the Aptos network.

Vitalik: Web3 products can fully realize social recovery functions similar to Web2 products

Vitalik Buterin talked about the topic of social recovery at the Web3 Transitions Summit today and said that Web3 products can fully realize social recovery functions similar to Web2 products, except that the underlying technology is based on blockchain. Users do not need to know the code behind the product, and the social relationship (data) has been deposited on the chain. With just one simple interaction with friends, the social recovery function can be realized.

IoTeX collaborates with Polygon Labs to integrate with AggLayer to achieve cross-chain DePIN liquidity

DePIN infrastructure platform IoTeX is working with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The integration aims to enable IoTeX-based projects to distribute rewards and allow users to choose their own blockchain.

Vitalik made a stern statement: Layer 2 that does not meet the standards before the end of the year will no longer be considered a second-layer network!

According to L2Beat research, six Ethereum layer 2 networks have entered phase 1, but most are still stuck at phase 0. Vitalik Buterin believes that if they do not reach phase 1 by the end of this year, they should not be considered layer 2.

SUI leads the way! With a growth rate of 28%, Circle plans to introduce USDC into the Sui network, accelerating the arrival of the cross-chain era

The Sui network will soon support the native UDSC stablecoin, announced by Circle issuer. This will improve Sui's usability, security and interoperability through the Cross-Chain Transfer Protocol (CCTP). UDSC is a major stablecoin that runs on 15 blockchain networks. Its launch will provide the Sui community with seamless access to digital currencies and consolidate its position as an industry leader.

Trump family DeFi project confirms coin issuance, Trump once again talks about his recognition of Crypto (with full text of speech)

The Trump family's cryptocurrency project World Liberty Financial announced the distribution of tokens, of which 63% will be sold to the public, 17% for user rewards, and 20% for the team. Trump talked about his understanding and support of cryptocurrency on Twitter Space, believing that the United States should become the global center of cryptocurrency. He also talked about the success of the NFT project and the potential of cryptocurrency in the art and collectibles market. Trump emphasized the importance of the United States in technological innovation and mentioned the recent assassination attempt. He believes that the United States needs to develop a relevant legal framework to safeguard the development of the cryptocurrency industry, but the current environment is very hostile to them. Trump's children and friends are also passionate about cryptocurrency, which gives him a different view of cryptocurrency.

Binance Investment | Zero-cost Telegram App BLUM Points Tutorial

Blum is a hybrid exchange that provides universal token access through a Telegram applet. The project has launched BP reward tasks, including following Twitter, joining social platforms, and watching videos. You can also click on mining to earn points. However, there are risks in participating in the activities, and the value of the rewards is uncertain. Please make sure the links and websites are authentic and analyze the risks yourself.