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Headlines
Bridgewater plans to invest in crypto fund for the first time
Bridgewater plans to back an outside crypto investment vehicle and has no current plans to invest directly in crypto assets, two people familiar with the matter said. Bridgewater's investment is insignificant compared to its total assets under management, and other prominent cryptocurrency investors are in talks to invest in the fund. (CoinDesk)
U.S. SEC delays decision on whether to approve WisdomTree and One River spot Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) on Monday delayed a decision on whether to allow WisdomTree and One River’s spot bitcoin ETFs to list and trade. The SEC has delayed until May 15 a decision on whether to approve the listing and trading of WisdomTree’s Bitcoin Trust and June 2 on whether to approve the listing and trading of One River’s carbon-neutral Bitcoin Trust. (Finance Magnates)
Three Arrows Capital increased its holdings of 7501.83 ETH today, worth 22.437 million US dollars
Planet Daily News According to KingData data monitoring, the address tracked and marked as Three Arrows Capital (0x4862733B5FdDFd35f35ea8CCf08F5045e57388B3) by KingData’s major addresses continued to increase its holdings of 7,501.83 ETHs 6 hours ago, worth $22.437 million.
New York state lawmakers will discuss a bill on Tuesday that proposes a moratorium on PoW mining
New York state lawmakers will discuss a bill on Tuesday that would suspend proof-of-work (PoW) crypto mining for two years.
The New York State Assembly's Environmental Conservation Committee will meet on a revised version of the bill. The bill was first introduced in May last year. An earlier version of the bill was rejected in Parliament last June. As lawmakers work to push the bill, a new Columbia University study argues that New York's governor has the power to impose a moratorium. (The Block)
Cryptocurrency
ETC expected to cut production by 20% on April 30
According to the latest data from Viawallet, ETC is expected to reduce production on April 30, 39 days later, when its block reward will be reduced from 3.2 ETC to 2.56 ETC, a reduction of 20%.
JVCEA is about to release a "green list" of 18 mainstream cryptocurrencies to speed up the listing process
The Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory body of 31 homegrown crypto exchanges, is preparing to release a "green list" of 18 mainstream cryptocurrencies by the end of March, the Nikkei reported on Tuesday. The digital assets on the list will no longer be subject to censorship.
The upcoming green list will include some of Japan’s most actively traded cryptocurrencies, such as BTC, ETH, XRP, and LTC, among others. The conditions for joining the green list include listing on three exchanges in Japan, at least one of which must have listed the digital asset for at least 6 months. (Cointelegraph)
Fund situation
Grayscale launched a smart contract platform fund to invest in ADA, SOL, AVAX and other tokens
Cryptocurrency asset manager Grayscale is expanding its portfolio of investment funds to include non-Ethereum smart contract tokens.
The fund consists of Cardano (ADA), Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC), Algorand (ALGO) and Stellar (XLM). Cardano and Solana each make up more than 24% of the fund, while Avalanche and Polkadot each make up more than 16%. About 10% of the funds are allocated to Polygon, with Algorand and Stellar each accounting for more than 4%. (Decrypt)
Blockchain-based machine learning platform Fetch.ai launches $150 million ecological development fund
Blockchain-based machine learning platform Fetch.ai has launched a $150 million development fund. The fund, led by MEXC Global, with participation from Huobi and Bybit, will be used to encourage more developers and projects to develop and operate in the Fetch.ai ecosystem. (CoinDesk)
Community Proposal
Celo community approves proposal to deploy Curve on the Celo blockchain
The Celo community passed a governance proposal early this morning to deploy Curve on the Celo blockchain.
It is reported that through the $100 million “DeFi for the People” program, the Celo Foundation will provide $7 million worth of CELO token incentives to provide liquidity to Curve. The stablecoin on Celo will be listed on Curve, offering CRV holders the opportunity to earn transaction fees. In addition, the Curve community will also provide CRV tokens as an incentive.
0xMaki initiated a proposal on the Sushi governance forum, suggesting the integration of the Stargate cross-chain bridge
Sushi community manager Tangle and former Sushi head 0xMaki jointly initiated a proposal at the Sushi governance forum, suggesting that Sushi integrate Stargate to facilitate Omnichain native asset proposals and transfers between networks.
Project News
Clipper announces Moonbeam Network integration
According to official news, the decentralized trading platform Clipper announced the integration of Moonbeam Network, and users can directly trade DOT and GLMR on Clipper. Moonbeam currently supports the following tokens on Clipper: GLMR, WETH, WBTC, USDC, USDT, DAI, WMOVR.
SushiSwap Launchpad platform MISO is deployed on Moonbeam, Polygon and other networks
The SushiSwap Launchpad platform MISO announced the completion of multi-chain deployment, which has been launched on Moonbeam Network, Moonriver Network, BNB Chain, Polygon, and Harmony.
Optimism: Invoke Data Compression to go live on mainnet this Thursday
Optimism, a layer-2 scaling network for Ethereum, announced on Twitter that calldata compression will go live on the mainnet this Thursday. Before that, if you sync from L1, you need to upgrade the DTL to at least version 0.5.20.
Earlier news, Optimism announced plans to deploy invocation data compression to reduce costs by 30% to 40%.
GameFi and NFTs
BAYC derivative NFT series Caked Apes team members have copyright disputes
The team behind BAYC spinoff NFT series Caked Apes series are now suing each other over character designs and revenue sharing. A lawsuit has reportedly been filed in federal court in Los Angeles. Taylor Whitley, who owns 11 BAYC NFTs, filed a lawsuit late last week alleging that the Caked Apes team violated digital design rights and expelled him from the project.
DappRadar data: BAYC market value exceeds 3 billion US dollars
According to DappRadar data, the market value of Bored Ape Yacht Club (BAYC) has exceeded 3 billion US dollars, which is 3.04 billion US dollars at the time of writing, and the total transaction volume is about 1.41 billion US dollars.
In addition, NFTGo.io data shows that the current floor price of BAYC has reached 101 ETH, with a 24-hour increase of 5.08%.
Jack Shi, founder of NFT project NeoNexus, announced his exit and hopes to hand over the project to the community
Jack Shi, founder of NeoNexus, a Solana-based NFT project, said the team is no longer developing the project, blaming the decision on a drop in the price of Solana (SOL).
Jack Shi said he hoped to hand over the project to community development. Furthermore, he stated: “In this ecosystem and market conditions, trying to grow and continue our project is very difficult as the price of SOL has dropped significantly and activity, volume and interest across the Solana NFT space has dropped.” (Cointelegraph)
Investment and Financing
Chain game studio LifeForce Games completes $5 million seed round, led by Lemniscap
Blockchain game development studio LifeForce Games announced the completion of a $5 million seed round led by Lemniscap, with participation from CMT Digital, Sfermion, Hartmann Capital, Sterling VC, Ready Player DAO and Neon DAO. Much of the money went to building and launching LifeForce's first P2E game. (Crypto Ninjas)
Crypto investment platform NeoFi completes $2.1 million in strategic financing, with participation from Digital Strategies and others
The crypto investment platform NeoFi has completed a strategic financing of US$2.1 million. Digital Strategies, BlueZilla, Ghaf Capital Partners, GDA Capital, Banter Capital, Magnus Capital, Maven Capital, Contango Digital Assets, Heslin Kim and others participated in the investment. (Cointelegraph)
NFT price assessment protocol Upshot completes $22 million financing, led by Polychain Capital
Upshot, the NFT price evaluation protocol, has completed a $22 million A2 round of financing, led by Polychain Capital. Other specific financing information has not been disclosed yet. Funds from this round of financing will be used for research and development of pricing models, team building, and funding for new DeFi primitives and related development tools.
It is reported that Upshot’s previous investors include Framework Ventures, CoinFund, Blockchain Capital, Slow Ventures, Mechanism Capital, Delphi Digital, etc. (CoinDesk)
Horse racing game MetaDerby raises $2.5 million led by Ava Labs and Old Fashion Research
According to official news, Avalanche-based P2E game MetaDerby has completed a $2.5 million seed round, led by Ava Labs and Old Fashion Research, Avalaunch, AdventuresDAO, Shima Capital, LD Capital, Keychain Capital, Magnus Capital, Hailstone Ventures, IndiGG, Coins.ph, Dux, MVM DAO, etc. participated in the investment.
Metaverse game studio Block Tackle closes $5 million round led by Play Ventures and Cadenza Ventures
Metaverse game studio Block Tackle completed a $5 million seed round led by Play Ventures and Cadenza Ventures, with participation from Animoca Brands, Coinbase Ventures, and Solana Ventures.
Global Policy
Indian crypto tax to take effect on April 1, will not allow offsetting gains and losses between different cryptocurrencies
The Indian government has said its upcoming virtual digital asset tax law will not allow gains in one cryptocurrency to offset losses in another, a move that could adversely affect cryptocurrency adoption in the country.
Instead of letting investors use those profits to offset losses from other tokens, the Indian government plans to impose a 30% tax on profits generated by each token. It is reported that India’s crypto tax law will come into effect on April 1. (Forkast)
Abu Dhabi Free Zone seeks comments on NFT rules
The Abu Dhabi Global Markets (ADGM) regulator issued guidance on NFTs in a consultation paper on Monday, seeking to incorporate digital assets into its regulatory ecosystem. ADGM’s Financial Services Regulatory Authority (FSRA) is currently “not proposing a formal regulatory framework for NFTs,” according to the document. According to the draft proposal, companies licensed and regulated by ADGM for services such as trading and custody will also be able to offer these services to NFTs, said Simon O’Brien, executive director of markets at FSRA. They may create a new non-regulated entity within ADGM to outsource regulated activities such as custody and client onboarding to licensed firms. (CoinDesk)
Character*Voice
U.S. Senator Cynthia Lummis believes Bitcoin mining will boost U.S. energy industry
In a tweet today, U.S. House of Representatives member Pete Sessions said bitcoin mining will play a key role in rebuilding America’s energy independence.
His claim was immediately supported by Senator Cynthia Lummis, who has been a Bitcoin proponent within Congress. (CoinGape)
Grayscale CEO: Launching a spot Bitcoin ETF is the company's top priority
Grayscale CEO Michael Sonnenshein made it clear that obtaining spot bitcoin exchange-traded funds is currently the company’s “number one” priority. The SEC created an unfair playing field and forced investors into futures-based ETFs because it was the only product that existed right now.
Grayscale applied to convert its Bitcoin Trust into a spot ETF in October last year. (U.Today)