US SEC bans employees from using work phones to access third-party instant messaging apps
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has banned employees from using work phones to access third-party instant messaging apps and text messages such as WhatsApp to reduce the risk of system intrusion and strengthen record keeping. It is reported that the ban on access to these applications began in September last year and has continued for the past few months.
Safe discloses SAFE token economics: maximum supply of 1 billion, 5% will be allocated to users
Digital asset management platform Safe disclosed the economics of SAFE tokens, with a maximum supply of 1 billion and an initial circulation of 427,000,000. The overall distribution of SAFE covers five categories: 15% for core contributors, 15% for the Safe Foundation, 5% for the ecosystem, 5% for users, and 60% for the community treasury. The redemption period of SAFE tokens is up to 8 years.
Solana Ecosystem DePIN Protocol io.net announced the token economic model of the token IO. io.net will have an initial supply of 500 million IO at the time of creation, and the distribution targets are divided into five categories: seed investors, A-round investors, core contributors, R&D and ecosystem, and community. With the issuance of IO to incentivize network growth and adoption, it will grow to a fixed maximum supply of 800 million within 20 years.
Rewards will be released to suppliers and stakers every hour for 20 years. Rewards adopt a deflationary model, starting from 8% in the first year and decreasing by 1.02% per month (about 12% per year) until the upper limit of 800 million IO is reached. As rewards are issued, the share of early supporters and core contributors will continue to decrease. Therefore, after all rewards are distributed, the community's share will grow to 50% (it should be noted that the 50% community share is not all issued through airdrops, these tokens are used for the community to grow over time).
The Alliance for Super Artificial Intelligence (ASI) is scheduled to launch on May 24
SingularityNET said on the X platform that the vast majority of AGIX token holders have approved the Artificial Super Intelligence (ASI) Alliance proposal. Fetch.ai said in an official blog that the Super Artificial Intelligence Alliance (ASI) announced the approval of the ASI token merger, which is scheduled to launch in May. The merger is expected to have a total value of US$7.5 billion and is expected to be completed in early May, merging FET, AGIX and OCEAN into ASI. ASI is scheduled to launch on May 24.
With majority approval from each community, the token merger will proceed as follows: FET becomes ASI with a total supply of 2,630.55 million tokens; AGIX tokens migrate to ASI at a rate of 0.433350 to 1; and OCEAN tokens migrate to ASI at a rate of 0.433226 to 1.
Earlier news, SingularityNET, Fetch.ai and Ocean Protocol are discussing merging their respective tokens into an artificial intelligence token called ASI . In this merger plan, the market value of the ASI token after full dilution is expected to reach US$7.5 billion.
South Korean won surpasses dollar as world’s most traded cryptocurrency in Q1
According to Bloomberg, the Korean won has now become the world's most frequently traded currency with crypto assets, and South Korea's speculative demand for risk tokens has surged. According to research firm Kaiko, in the first quarter of 2024, the cumulative trading volume of the Korean won on centralized crypto exchage was $456 billion, while the US dollar's trading volume was $445 billion.
PayPal removes buyer and seller protections for NFTs
According to The Block, under PayPal’s new policy that took effect on May 20, NFT purchases will no longer be supported by the company’s buyer protection program. In addition, NFT sales worth more than $10,000 will not be protected from false claims and chargebacks.
On-chain detective ZachXBT released an investigation into the alleged $11.1 million Prisma exploiter 0x77 (Trung) and the multiple vulnerabilities he was involved in. On March 28, 2024, the Prisma team observed a series of transactions on the MigrateTroveZap contract that resulted in the loss of 3,257 ETH (about $11.1 million). At first, the attacker communicated with the Prisma deployer, claiming that this was a white hat attack. However, later that same day, all funds were transferred to Tornado Cash, contradicting previous statements. The exploiter began to make excessive demands and asked for a white hat bounty of $3.8 million (34%). This amount is much higher than the industry standard of 10%, essentially blackmailing the team because the treasury does not have enough assets to compensate users.
Analog, a Layer 0 cross-chain communication protocol, is inviting CoinList community members to participate in its incentivized testnet and have the opportunity to earn a portion of a total of 1,811,594 ANLOG tokens (2.0% of the total supply). The testnet is divided into three phases, each lasting about three months. The first phase will start on April 16, 2024, focusing on the developer community interacting with Timechain; the second phase will start on April 30 and will be open to the wider community, including social tasks and a game; the third phase will start on May 15 and will be dedicated to recruiting validators. In addition, rewards will be distributed to validators, developers, and community members, with 30% of token rewards going to validators and the remaining 70% going to the community and developers.
Jupiter announces launch of LST token JupSOL
Solana ecosystem transaction aggregator Jupiter announced the launch of a new LST token JupSOL, which supports trustless delegation to Jupiter validators. The validator has no fees and provides 100% MEV rebates. Currently, an additional 100,000 SOLs have been delegated to this validator in order to increase the yield of JupSOL.
Coinbase Wallet Has Integrated SOL DEX, Users Can Trade Over 50,000 Solana Ecosystem Tokens
Coinbase Wallet announced the integration of SOL DEX, allowing users to trade more than 50,000 Solana ecosystem tokens.
According to CoinDesk, according to the Drift website and people familiar with the matter, Solana Ecosystem DeFi Protocol Drift Protocol plans to launch DRIFT governance tokens and airdrop assets to users within a few weeks. The new token follows a three-month points plan to attract traders, borrowers, lenders - and of course airdrop farmers - to Drift. But contributors to the protocol said that most of the 100 million tokens airdropped this time will go to long-term users of Drift.
In this airdrop, 10% of the total DRIFT supply will be distributed to users. Venture investors will receive a larger allocation of DRIFT, accounting for 22% of the total supply. 43% of the tokens will be used for "ecosystem development", which may include trading rewards, liquidity incentives, and future airdrops. In addition, 25% of the tokens are reserved for "protocol development" paid to Drift contributors.
a16z has raised $7.2 billion in new funding and plans to raise more in 2025
According to Bloomberg, venture capital firm Andreessen Horowitz (a16z) has raised $7.2 billion in new funds, and the final total exceeded the company's earlier fundraising target by about 4%. The funds will be allocated to different businesses within the company. These include the American Dynamism business, which focuses on startups that promote "national interests", which raised $600 million; the growth business or late-stage startups, which raised $3.75 billion; and the gaming business, which raised $600 million.
Because artificial intelligence (AI) now plays a major role in almost all startups, AI is not a separate fund, according to a person familiar with the firm’s thinking. Another person familiar with the matter said Andreessen Horowitz still plans to raise more funds focused on cryptocurrency and biotechnology in 2025.
According to The Block, real estate equity mortgage lender and tokenization platform Homium has completed a $10 million Series A financing round, led by Sorenson Impact Group and Avalanche’s Blizzard Fund.
Homium, a real estate equity mortgage lender and tokenization platform, has launched its first home equity loan on Avalanche. Homium loans are currently being implemented in Colorado and are planned to expand to other states. As part of obtaining the loan, homeowners pledge a portion of the home price appreciation. For investors (i.e., those who provide funds for the loan), they receive a tokenized asset that tracks the price appreciation of the shared appreciation home loan pool issued on Homium.
According to The Block, SendingNetwork, a DePIN project focusing on Web3 communications, announced the completion of a $7.5 million seed extension financing, with participation from several investors including Nomad Capital, Symbolic Capital, Web3.com Ventures, Galxe, SWC Global, Balaji Srinivasan and Yield Guild Games co-founder Gabby Dizon. The round was structured as a simple future equity agreement (SAFE) and ended in October last year. Following a $12.5 million seed round at the beginning of last year, this seed extension financing brings SendingNetwork's total funding to $20 million.
SendingNetwork is a DePIN project that aims to decentralize communications by building a new Transmission Control Protocol/Internet Protocol (TCP/IP) stack. TCP/IP is a set of protocols that manage Internet communications and facilitate data transfer between devices. SendingNetwork aims to provide developers and users with a more efficient, secure, and flexible communication experience. For example, it is developing a "decentralized router" that will allegedly replace IP addresses with wallet addresses.
The trading volume data of Bitcoin spot ETFs on April 16 are as follows: BlackRock IBIT US$1.24 billion, Grayscale GBTC US$526 million, Fidelity FBTC US$421 million, ProShares BITO US$273 million, ARKB US$97 million, and BITB US$79.81 million.
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