Finishing: Grapefruit, ChainCatcher

 

“What important events have occurred in the past 24 hours?”

 

1. Web3 credit protocol Getaverse receives investment from LD Capital

According to official information from ChainCatcher, Web3 credit protocol Getaverse has received investment from LD Capital, and the specific investment amount has not yet been disclosed. As the first DID credit protocol project invested by LD Capital, Getaverse will receive a full range of post-investment services from LD Capital. The investment will be used to expand the DID platform, develop DID credit management systems and AI components, and improve user experience.

Getaverse is an innovative and scalable DID credit protocol. The user's DID identity information, credit score, interactive behavior and other data are closely linked to the protocol, truly realizing multi-chain sharing of user DID identities from a technical perspective.

At present, Getaverse DID platform 2.0 has been launched, and the number of trusted verification nodes has exceeded 11,000. Getaverse will continue to leverage the advantages of the DID platform, standardize SBT technology, provide more SBT application cases, and promote innovation and development in the field of decentralized identity management. (Source link)

 

2. Hong Kong Securities and Futures Commission Leung Fung-yee: Hong Kong will release a guide to cryptocurrency trading platform licensing in May

ChainCatcher reported that according to market news, Hong Kong Securities Regulatory Commission CEO Leung Fung-yee said that Hong Kong will release a guide to cryptocurrency trading platform licensing in May. (Jinshi Data)

 

3. First Republic Bank's market value fell below $1 billion, now down nearly 40%

According to ChainCatcher, market data showed that First Republic Bank’s market value fell below $1 billion and its share price fell below $5, a drop of about 40%.

ChainCatcher previously reported that the White House or the Treasury Department seemed to refuse to put pressure on banks to force them to sell assets to save themselves. In addition, some analysts attributed the sharp rebound of Bitcoin today to the re-fermentation of the US banking crisis.

 

4. Viewpoint: Bitcoin's rise may benefit from the US banking crisis again, and the US stock First Republic Bank was suspended twice during the session

According to U.S. stock data, the largest decline of First Republic Bank today was nearly 20%, and it has been suspended twice during the session. The decline has narrowed to 16%. According to its previously released earnings report, First Republic Bank's customer deposits fell by 40.8% this quarter due to customer withdrawals. The bank received a cash injection of $30 billion in March, but the quarterly outflow has exceeded $100 billion.

According to CNBC, citing sources, the White House or the Treasury Department seems unwilling to put pressure on banks to develop an asset sale plan for First Republic Bank. (Source link)

 

5. Zhao Changpeng: The data reported by Bloomberg that he is worth $28.2 billion is wrong, and he has never regarded FTX as a competitor

According to ChainCatcher, Binance founder Changpeng Zhao CZ responded on Twitter to Bloomberg's previous report that "CZ has a net worth of 28.2 billion US dollars" and other news releases, saying that the data is wrong, that he does not have so many assets, and that he does not know why Bloomberg would write such a report. In addition, he also said that he has never regarded FTX as a competitor and welcomes more exchanges in this field. (Source link)

 

6. Bloomberg: Zhao Changpeng is ranked third on the "25 New Financial Billionaires List" with a net worth of US$28.2 billion

According to ChainCatcher, Binance CEO Zhao Changpeng was selected as one of Bloomberg's "25 Financial Giants Who Got Rich from Computer-Driven Trading Companies", with a net worth of $28.2 billion, ranking third. It is reported that most of his wealth was earned through the Binance exchange. According to Bloomberg's estimate on April 5, the annual revenue of the Binance exchange exceeded $12 billion.

Other crypto tycoons on the list include Ken Griffin, founder of hedge fund Citadel, Jeff Yass, founder of OPNX exchange investor Susquehanna, and Uday Kotak, founder of Indian crypto bank Kotak Mahindra Bank. (Source link)

 

7.Messari: The number of users on Ethereum NFT trading platforms has decreased by about 85% in the past two months

According to ChainCatcher, data released by blockchain research company Messari showed that from March 1 to April 20, the number of independent users of the Ethereum network NFT trading platform dropped from about 28,000 to only about 5,000, a drop of about 85%.

Messari said the data clearly shows that "professional" trading platforms, whether Blur or Opensea Pro, will not have a significant impact on long-term activity in the market. (Source link)

 

"What are the interesting articles worth reading in the past 24 hours?"

 

1. "The complaints behind the LayerZero airdrop craze: security has been repeatedly questioned, and Stargate has become a "cross-chain assassin""

Recently, the cross-chain infrastructure LayerZero received $120 million in Series B funding at a valuation of $3 billion, making it a hot topic in the crypto community again. But putting aside the "traffic" brought by the expected airdrop and returning to the product itself, has LayerZero really achieved the innovation of the cross-chain bridge and really brought users a better cross-chain experience?

 

2. Research on the Survival Status of NFT Trading Platforms (2): The End of Trading Mining

LooksRare and X2Y2 are representatives of the transaction mining model and are also the earliest practitioners and continue to this day. The distinctive feature of the transaction mining platform is the extremely high unit price of each transaction. In a bear market, this feature is also deeply reflected in the very small number of users, but it supports a huge platform transaction volume.

 

3. "What new opportunities will the Cancun upgrade bring?"

Ethereum Cancun upgrade is expected to take place later this year. What changes will this upgrade bring? Which protocols will benefit?