CZ will be released from prison next week
According to Mars Finance, on September 16, according to the official website of the U.S. Federal Bureau of Prisons, a 47-year-old Asian man named "CHANGPENG ZHAO" will be released on September 29, 2024, with registration number: 88087-510.
Binance founder CZ, 47, was identified as inmate number 88087-510 as he headed to a federal prison in California to begin a four-month sentence, Bloomberg reported in June.
Trump's crypto project WLFI live broadcast has begun, Trump will give a speech
According to Mars Finance, on September 17, the live broadcast of World Liberty Financial (WLFI), a cryptocurrency platform launched by Trump, has begun. Trump will deliver a speech at Mar-A-Lago and live broadcast the Mar-A-Lago event, and work with Trump to "make finance great again."
During the live broadcast, he said, “NFT is like a beautiful work of art. It is a new form of asset, so Trump NFT has launched four series. It is very interesting to make NFT. It made me realize the value of crypto assets. We sold it very well. We did it. The production process opened my eyes.”
X has obtained money transmission licenses in 37 states in the United States
According to Mars Finance, on September 16, X Payments, a wholly-owned subsidiary of Musk's X (formerly Twitter), obtained a money transmission license in Oklahoma. It has now obtained money transmission licenses in 37 states in the United States.
X Payments is seeking licenses in all 50 states and hopes to launch payment services across the U.S. later this year.
He Yi: Binance has no intention to guide the trend towards Meme
According to Mars Finance, on September 16, Binance co-founder He Yi said in Telegram: "Binance has no intention of steering the trend towards Meme. There are roughly three types of projects in the market:
1) TG mini-games, lots of loot;
2) A large number of infrastructure projects and other tokens are issued, all of which are highly valued CV coins;
3) Memecoin is the only hot coin in the market. Previously, the contract did follow the trend and listed NEIRO. The community reported that Meme was becoming a cryptocurrency, so we spent some time looking for projects with relatively low market capitalization and dispersed coin holdings to test the waters.
4) We are also keeping an eye on other types of projects. If you think there are any coins that are particularly good, please feel free to recommend them.
“But Binance is a trading platform and will try to provide as many tokens as the market needs. However, investment is risky, and I hope everyone will do their best to DYOR before buying and selling.”
MicroStrategy Announces Proposed Private Placement of $700 Million Convertible Senior Notes MSTR
According to Mars Finance, on September 17, according to official news, MicroStrategy Incorporated announced that, based on market conditions and other factors, the company plans to privately issue $700 million in total principal convertible senior notes due in 2028 (the "Notes") to qualified institutional buyers in accordance with Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also expects to grant the initial purchasers of the Notes the option to purchase up to $105 million in total principal of the Notes within 13 days of the date of the initial issuance of the Notes. The issuance is subject to market and other conditions, and there is no guarantee whether, when or under what conditions the issuance will be completed.
The Notes will be unsecured senior obligations of MicroStrategy and will bear interest, payable semi-annually on March 15 and September 15 of each year, commencing on March 15, 2025. The Notes will mature on September 15, 2028, unless earlier repurchased, redeemed or converted in accordance with their terms. Subject to certain conditions, on or after December 20, 2027, MicroStrategy may redeem all or a portion of the Notes for cash.
Vitalik: An Ethereum Story documentary to premiere worldwide tomorrow
According to Mars Finance, on September 17, according to official news, Ethereum Stories announced that the documentary "Vitalik: An Ethereum Story" will premiere in theaters in 23 countries for one day on September 18, 2024 (will be available on streaming media on September 20).
JPMorgan analyst expects demand for Bitcoin to increase over the next 10 years
According to Mars Finance, on September 17, JPMorgan analysts released a report stating that “as Bitcoin continues to become mainstream, electricity demand will increase. Bitcoin is not the only cryptocurrency that requires a mining process, but it is the largest.
Bitcoin is the largest proof-of-work (PoW) protocol to date. From a fundamentals perspective, we believe that demand and participation in Bitcoin will increase rather than decrease over the next 10 years; therefore, Bitcoin mining will become increasingly competitive, with a subsequent higher demand for electricity as miners essentially work harder to earn rewards. Additionally, Bitcoin supply is fixed (21 million), further increasing competition among miners as maximum mining opportunity is approached (all Bitcoins have been mined and are in circulation). Finally, we believe that normalization of asset allocations toward Bitcoin and broad participation in US spot Bitcoin ETFs will drive most of the incremental demand in the near term.
Similar to the view we raised above, we believe natural gas is a reasonable source of electricity for miners to meet this incremental energy consumption. Many miners are directly connected to the grid, which can be easily served by natural gas. Similarly, due to natural gas's relatively good environmental impact, lower price, and high reliability, we believe natural gas is a reasonable source of electricity supply for Bitcoin mining equipment (i.e. computers) that prioritizes continuous uptime.
Taking Texas as an example, as it is one of the most popular states in the U.S. for large-scale Bitcoin mining, according to Texas data, natural gas is the state’s primary energy source, accounting for approximately 43% of all energy consumption in 2022. We believe these data are complementary to our view that natural gas is the natural choice for Bitcoin miners’ electricity supply.”
Internet infrastructure network Pipe Network completes $10 million financing, Multicoin Capital leads the investment
According to Mars Finance, on September 16, CoinDesk reported that Pipe Network, an Internet infrastructure network that supports crypto incentives, completed a $10 million financing round led by Multicoin Capital.
David Rhodus, CEO of Permissionless Labs, a startup that built Pipe Network, said that in the conception, people can quickly expand CDN nodes where they are most needed by lending existing computing power. Their computers will help end users access cached content that may be difficult to deliver quickly because it is far away from the hosting server.
Pipe Network will be built on the Solana network and plans to launch a testnet at the Breakpoint conference in Singapore.
Surrounded by FUD, is Ethereum in deep crisis? ETH price against BTC falls to three-year low!
Ethereum has fallen to its lowest level since April 2021 against BTC, down 6% in 24 hours, affected by the overall cryptocurrency market. Crypto industry observers and analysts have criticized Ethereum, and expectations of a rate cut by the Federal Reserve and an assassination attempt on Trump may also affect the market.
How will the US election, which everyone is talking about, affect the crypto market?
Politics has a significant impact on the state apparatus and individuals, institutions, and businesses, and the crypto market is no exception. The Bitcoin halving and the US election have little impact on the crypto market, and in the long run, they have little impact on prices. Crypto companies donate to US politicians to influence policies and protect their own interests. Historical data shows that both Republican and Democratic presidential candidates have brought bull markets to the crypto market. In the short term, the election results may have an impact on the crypto market, but in the long run, the industry's own development and the Fed's decisions are more decisive. Polymarket has attracted much attention as a betting platform, and its forecast data has also received widespread attention. After the election, markets such as news, culture, and sports will become more popular tracks, but the crypto industry will not change significantly. In terms of market conditions, the long-term impact is not significant, but it will still bring short-term fluctuations at important time nodes.
Mars Finance Exclusive Interview | TON Ecosystem Game Hot Products: The Team Behind Catizen and the Dream of 900 Million Game Users
Catizen is a super casual cat-raising game based on the Telegram ecosystem, which has attracted more than 1 million players. As of press time, there are 7 million daily active users, more than 2.76 million on-chain users, and more than 36.58 million on-chain transactions. On September 20, Catizen will be listed on several well-known exchanges, and the token CATI will also usher in a broader market. The team comes from Pinduoduo, WeChat mini-games and casual games, with revenue close to $30 million. The team has received investment from many institutions and plans to use the funds to further develop Catizen and grow the community. The CATI token will be listed on exchanges on September 20, and users can participate in Launchpool and earn income by staking tokens. Catizen has cooperated with platforms such as OKX and Bybit to introduce millions of users, and has cooperated with Mantle to create representative games. Follow the Catizen Game Center to learn about supported games.
A16Z invests $10 million in PIN AI to challenge Apple Intelligence with blockchain technology
Apple launched the iPhone 16 series and the new artificial intelligence system Apple Intelligence at its 2024 Fall New Product Conference. PIN AI allows users to control their own data and monetize it through the ecosystem. PIN AI uses a hybrid model to protect user privacy. The team is composed of professionals and recently received $10 million in pre-seed financing. The platform has received financing from a16z CSX and will join the a16z CSX 2024 Crypto Startup Accelerator Fall Program. PIN AI combines personalized contextual data with advanced encryption technology to reshape data management and break the high-profit model of technology giants.
Mars Finance Exclusive Interview with UXLINK: From 0 to 10 million users, how did the new overlord of Web3 social field emerge?
In just one and a half years since its launch, it has raised more than 15 million US dollars, and capital giants such as Animoca have invested in it. The number of users on the chain has surged to 10 million, and the number of groups has reached 110,000. This hot wave is like a huge wave, sweeping dozens of countries and regions such as Southeast Asia, the Middle East, Africa, Europe, and South Asia. Big-name exchanges such as Upbit and OKX are also competing to list their tokens $UXLINK, which has become the new overlord in the Web3 social field. Who can resist it? For this reason, MarsBit interviewed Eric, the co-founder of UXLINK, in depth to uncover the secrets behind it.
