U.S. judge allows SEC to accuse Coinbase of failing to register as a securities business
The court ruled against Coinbase in an expected verdict: A U.S. judge allowed the SEC to accuse Coinbase of failing to register as a securities business, and the U.S. SEC’s accusation that Coinbase Wallet was an unregistered broker was dismissed. Coinbase’s staking plan dismissed. A court has refused to dismiss some of the U.S. Securities and Exchange Commission’s (SEC) charges against cryptocurrency exchange Coinbase. The court ruled that the U.S. SEC can continue its lawsuit against Coinbase (COIN.O).
UK FCA to step up regulation of financial influencers promoting Meme coins
According to The Block, the UK Financial Conduct Authority (FCA) will strengthen supervision of financial influencers ("finfluencers") who promote Meme coins. The FCA stipulates that these influencers must obtain approval from an appointed representative of the FCA before advertising or posting memes about financial products and services. This measure aims to ensure that the marketing of financial products is transparent and does not mislead consumers.
Amazon to invest an additional $2.75 billion in artificial intelligence company Anthropic
According to Bloomberg, Amazon said it would invest an additional $2.75 billion in Anthropic. The capital injection brings Amazon's total investment in Anthropic to $4 billion. As part of the partnership, Anthropic also agreed to use Amazon Web Services data centers and Amazon's custom computer chips. In May last year, Anthropic completed a $450 million Series C round of financing, with Spark Capital leading the investment and Google participating.
Chain game Illuvium reveals Beta 4 details and airdrop expectations in roadmap
Chain game Illuvium disclosed its roadmap on the Ending on October 28th, during this phase a select group of players (with a cap of 10,000 players) will experience the entire game cycle on the testnet for the first time. These players will come from the most active players, community members, and those selected from marketing activities. Players, with features including passport integration on the testnet, asset minting, Illuvidex trading, Gas purchasing and travel mechanisms, etc., these participants will receive the first batch of airdrop points. 3. The Open Beta test network phase will begin on May 28 and is expected to last for 2-4 weeks. 10% of the Play-To-Airdro ILV pool will be allocated for this phase, and the first batch of airdrops will be released after the end of this phase. 4. The mainnet Open Beta version is to be launched, and the remaining 90% of the Play-To-Airdrop ILV pool will be allocated within 5 months after the launch.
Prior to yesterday’s news, blockchain game Illuvium completed $12 million in Series A financing.
Linea will launch the Linea Surge event in April aimed at driving network liquidity, where participants can collect SBT LXP-L
According to official news, Linea, a Layer 2 network owned by ConsenSys, announced that it will launch The Linea Voyage: Surge event. This event will start in April and last for 6 months, or until the network TVL reaches US$3 billion. Linea Surge will enhance its ecosystem by bringing liquidity (TVL) to the network and gamify the strategic deployment of assets in its DeFi protocol. Liquidity managers will be able to collect LXP-L, a non-transferable Soul-Bound Token (SBT), while participating in their favorite DeFi protocols. LXP-L has been carefully designed to track liquidity on Linea. It will be collected regularly and use point-based multipliers relevant to vertical use cases and asset classes, changing over time to ensure the health of the Linea ecosystem.
In response to recent withdrawal delays, KuCoin launched a KCS and BTC airdrop worth $10 million to users.
According to PR Newswire, crypto exchange KuCoin stated: “From March 26 to 27, some users experienced longer than expected withdrawal waiting times. We are deeply responsible for the inconvenience caused and sincerely apologize. We would like to thank users for their support. Support and be patient, KuCoin will launch a KCS and BTC airdrop event with a total amount of US$10 million. The rules will be officially announced within 3 days.” Following yesterday’s news, after the US government filed a criminal complaint against KuCoin, KuCoin’s Ethereum and EVM chains outflows increased to $1.78 billion.
BlackRock CEO was “pleasantly surprised” by the performance of its Bitcoin ETF and said he was very optimistic about Bitcoin’s long-term viability
According to Cointelegraph, BlackRock CEO Larry Fink was “pleasantly surprised” by the performance of the Bitcoin ETF and once again emphasized his “very optimistic” attitude towards Bitcoin’s long-term viability. Fink said in an interview with Fox Business on March 27: "IBIT is the fastest growing ETF in the history of ETFs. In the history of ETF development, there is no product that can accumulate assets as quickly as IBIT. We are now creating a more liquid sex, a more transparent market, which surprised me. Before we submitted the application, I never expected that we would see this kind of retail demand." Fink also said: "I am very optimistic about the long-term viability of Bitcoin. "Farside Investors data shows that IBIT performed strongly in the early stages of trading, attracting a total of US$13.5 billion in capital inflows in the first 11 weeks, with the highest single-day inflow reaching US$849 million on March 12. IBIT’s average daily inflow is just over $260 million.
Ethereum blobs are being used to create inscriptions, with a total of 2,437 Ethereum blobs being created on March 27th
According to The Block, data from Dune Analytics shows that Ethereum blobs are being used to create inscriptions, which are very similar to Ordinal on Bitcoin, and the usage rate has set a new record. Dune Analytics platform user Hildobby said that there were 2,437 blob inscriptions on March 27, accounting for 22.8% of the total blobs released on that day, which is the highest usage of blobs among other Ethereum Layer 2 (such as Arbitrum, Optimism, Base, and Linea) Rate.
Additionally, the increase in the number of blob inscriptions coincided with a surge in fees on Base, which at one point reached $300 before dropping to around $30. Ethereum’s slot utilization is also declining, possibly due to larger block sizes due to blobs.
User Hildobby wrote on the Dune Analytics website: “Inscriptions on the EVM chain are data embeddings in transaction call data, similar to Ordinal on Bitcoin, designed to mimic the diversity of smart contract-based ERC-20 and NFTs. However, , Inscription goes against the design decisions of the EVM, gas cost is the only benefit, but at the cost of indexing, incompatibilities, and integration challenges."
The pre-sale address of Bobaoppa, a Meme project launched by Huang Licheng, has raised more than US$33.72 million
Taiwanese singer Huang Licheng announced the launch of the Solana Meme project Bobaoppa on the X platform and launched pre-sale. The minimum participation amount is 1 SOL. According to the pre-sale address information disclosed by him, the current fundraising amount has reached 181,814.35 SOL, worth approximately US$33,722,925.94.
It should be noted that there are fake accounts posting phishing links under the Bobaoppa pre-sale announcement post, and users should be careful to identify them. According to previous news, investors need to be wary of the high risk of MEME coin pre-sales on the Solana chain.
Dutch prosecutors seek 64-month prison sentence for Tornado Cash developer Alexey Pertsev
Dutch prosecutors asked a judge to sentence Tornado Cash developer Alexey Pertsev to 64 months in prison for money laundering, CoinDesk reported. The two-day trial, which took place at the S-Hertogenbosch courthouse on Tuesday and Wednesday, could have implications for how developers are treated in other local courts. The court said the judge will make a ruling on May 14. Pertsev is accused of laundering $12 worth of cryptocurrency through the anonymity tool Tornado Cash, which was detailed in an indictment shared by Dutch prosecutors ahead of the trial. The indictment alleges that between July 9, 2019, and August 10, 2022, Pertsev "developed a habit of money laundering."
Ethena will airdrop 750 million ENA tokens to users on April 2, accounting for 5% of the total supply
According to CoinDesk, DeFi protocol Ethena announced plans to launch governance tokens and will airdrop tokens to users holding USDe on April 2. The protocol plans to airdrop 750 million ENA tokens, accounting for 5% of the total supply. The campaign to earn “shards,” which entitles users to airsell the tokens, will end on April 1. Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop. Users will be able to claim tokens starting on April 2, when ENA will be listed on centralized exchanges. After the airdrop ends, Ethena will launch a new reward activity for the next stage of airdrop.
BlackRock CEO: Even if Ethereum is deemed a security, launching an Ethereum ETF is still possible
BlackRock CEO Larry Fink said in an interview with Fox Business that launching an Ethereum ETF would still be possible even if the U.S. Securities and Exchange Commission (SEC) designates Ethereum as a security. When asked whether BlackRock would list an Ethereum spot ETF if Ethereum was recognized as a security, Fink responded in the affirmative. Eight potential issuers, including BlackRock, have submitted Ethereum spot ETF applications to the SEC. The SEC's final decision will be made in May.
Fetch.ai: The total supply of ASI tokens will be 2.63 billion, and voting on the merger proposal is expected to begin on April 2
Fetch.ai announced the details of its merger with SingularityNET and Ocean Protocol, and plans to rename their respective tokens to ASI. Governance proposals will be submitted to the community, with voting expected to begin on April 2, Fetch.ai on April 7, and all proposals expected to be completed on April 16. If approved, ASI’s total supply will be 2.63 billion. The FET exchange ratio is 1:1, and OCEAN and AGIX will be exchanged for ASI at a fixed ratio. The token swap contract has been tested and audited, details will be confirmed with partners and exchanges, and more token economic model documentation is planned to be released next week.
Fidelity has submitted Form S-1 to the U.S. SEC for its Ethereum spot ETF that includes staking capabilities
According to The Block Pro, Fidelity has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) proposing to launch an Ethereum spot ETF that includes a staking feature.
Decentralized cloud infrastructure provider Hive completes US$13 million in Series A financing led by SC Ventures
According to Fortune magazine, Hive, a decentralized computing and storage cloud service provider, completed a $13 million Series A round of financing led by SC Ventures. OneRagtime and others also participated in this round of investment. Hive plans to use the new funding to build its decentralized cloud service. The company's cloud computing model aims to promote the decentralization of cloud computing resources by aggregating unused hard drives and computing power in personal devices to help enterprises manage cloud service expenses more effectively and reduce dependence on a few cloud service providers. , and reduce energy consumption.
Arbitrum and Azuki team up to launch blockchain-based animation network AnimeChain
Arbitrum Foundation, Azuki and Weeb3 Foundation announced a collaboration to launch a blockchain-based animation network called AnimeChain. This network aims to attract anime fans into the Web3 world through a mix of content, games, merchandise and NFTs.
Web3 AI platform MyShell completed US$11 million in financing, led by Dragonfly
According to The Block, MyShell, a Web3-based artificial intelligence platform, raised $11 million in a round of financing led by Dragonfly. The round also attracted participation from investors including Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital and OKX Ventures. In addition, angel investors including former Coinbase CTO Balaji Srinivasan, NEAR Protocol co-founder Illia Polosukhin, former Paradigm investment partner Casey Caruso and former Parafi partner Santiago Santos also participated in this round of financing. MyShell is a creator-focused Web3 AI platform that allows creators to generate AI agents or robots and plans to launch its token. According to MyShell CEO Ethan Sun, the company began raising funds in November last year and completed the financing last month. It was reported in October last year that MyShell, an AI platform based on opBNB, completed a US$5.6 million seed round of financing, led by INCE Capital.
“Hybrid” L2 network BOB completes US$10 million in financing, led by Castle Island Ventures
According to CoinDesk, a "hybrid" second-layer blockchain project called BOB ("Build on Bitcoin"), which aims to integrate the characteristics of Bitcoin and Ethereum, has successfully raised $10 million in funding. This funding was led by Castle Island Ventures, with participation from Web3.com Ventures, Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management. BOB plans to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM), allowing Ethereum-style smart contracts to be executed on the Bitcoin network.
Web3 gaming company Elixir Games completes $14 million in seed round financing
According to The Block, Web3 gaming company Elixir Games received US$14 million in investment in its seed round of financing, with investors including gaming giants Square Enix, Shima Capital and Solana Foundation. This round of financing will bring Elixir Games’ total funding to $20 million. The company plans to use the
