Crypto Guides, Knowledge & Insights

FTX to offload $1B Anthropic stake to pay off bankruptcy debts within weeks

Defunct cryptocurrency exchange FTX will soon offload its stake in artificial intelligence firm Anthropic worth around $1 billion as part of a deal to pay off its bankruptcy debts, according to a report from CNBC on March 22.　　Anthropic is currently considering a slate of investors to purchase the stake, per the article, with a deal expected to occur in a time period of “within a couple of weeks.” The report cites sources familiar with the matter whove asked to remain anonymous due to the ongoing nature of the financial negotiations.　　The shares are being shopped through a special purpose vehicle (SPV), according to CNBCs sources. This is likely due to the fact that FTX is bankrupt, as SPVs are essentially separate corporate legal entities that exist to ensure a parent company can meet its legal obligations in the event of insolvency.　　CNBC‘s sources also claim that Saudi Arabia has been locked out of contention over alleged national security concerns, however the article doesn’t specify whether this refers only to state investors or if individual or corporate investors from Saudi Arabia or citizens operating companies in foreign territories will be similarly barred. This, despite the fact that the shares are considered “Class B”

2024-03-25Deep Dive

Singapore’s DigiFT launches US T-Bill RWA tokens

announced today the launch of new tokens based on the U.S. Treasury Bills.　　The new product adopts the structure of depository receipts, which traditionally involves a certificate reflecting shares of a company outside the local stock market. Using this structure, DigiFT said it offers users direct beneficial ownership of AA+ rated and short-term T-Bills, and will provide a legal stream of returns from underlying securities.　　“Presently, the majority of RWA tokens in circulation are wrapped tokens that represent interest in a special purpose vehicle, feeder fund or derivative instrument which holds or mirrors the underlying assets,” the company said in the announcement. “These wrapped tokens are often structured in complex legal arrangements, making it challenging for investors to fully comprehend the legal implications.”　　The company stated that its depository receipt structure addresses this issue by providing a “more straightforward” legal framework that would be easier for investors to understand.　　DigiFT added that its new RWA token will be suited for stablecoin issuers and Web3 product developers that are looking for regulatory-compliant treasury, as well as cash management solutions. Institutional and accredited investors can also access the new product from authorized self-custodial wallets using fiat currency or stablecoins, according to the announcement.　　DigiFT holds a Capital

2024-03-25Deep Dive

This Week Noteworthy Events(March 25, 2024 - March 31, 2024）

Postponement of SEC v. Do Kwon and Terraform Case Trial to March 25th　　According to the latest court documents, due to the expected extradition of Do Kwon, former CEO of Terraform Labs, from Montenegro to the United States, the trial of the SEC v. Terraform Labs and Do Kwon case will be postponed to 9:30 local time on March 25.　　Previously, the SEC agreed to postpone the trial date of Do Kwon, but opposed the separation of his case from the Terraform case. The SEC stated, Holding two trials would unnecessarily require witnesses, including SEC whistleblowers and retail investors with limited financial resources, to testify twice on the same facts in different trials.Circle: CCTP Set to Go Live on Solana Mainnet on March 26th, Pre-Minting Addresses Added　　According to official information, Circle cross-chain transfer protocol CCTP will be launched on the Solana mainnet on March 26th. Circle said that a new pre-mint address has been added to enable CCTP to mint USDC on Solana.CardsAhoy to Commence Public Beta Testing on March 27th, Launching Core Asset Genesis Airdrop　　According to official information, the 60-second fast-paced card game Cards Ahoy, released by MetalistGame, will officially enter public beta testing on March 27th.　　During this public beta, the

2024-03-25Deep Dive

Embrace Easter: Deco Your Egg with WikiBit

To celebrate the upcoming Easter, WikiBit is hosting a Creative Easter Egg Design Contest. We cordially invite you to participate in this event by integrating blockchain and cryptocurrency elements into your Easter egg designs, showcasing your creativity and understanding of Easter. Exciting rewards await the winners!Event Details　　Participation and Timeline：　　Submission Period: March 25th, 00:00 - March 29th, 23:59 (UTC+8)　　We will select 20 images that best represent the theme and choose the top 10 for public voting.　　Voting and Selection: March 30th - April 1st　　The 10 selected images will be ranked in a new thread based on the number of likes.　　Event End: April 1st, 24:00 (UTC+8)　　Stay tuned to our official Twitter account for prize distribution updates.　　How to Participate:　　Follow WikiBits official social media accounts.　　Create an Easter design incorporating elements from the WikiBit logo, showcasing various styles and scenes of Easter eggs.　　Share your design in the comments section of the designated WikiBit social media post, using the event hashtag #WikiBit.　　Top 10 selected images will be put up for public voting.　　Winners will be determined through social media voting.　　Results will be announced on social media and our official website, showcasing the winning designs.Prizes　　We will select 20 designs that best represent the theme and display the top 10

2024-03-25Deep Dive

Vitalik Talks About Cancun Upgrade, Quantum Threats, AI & Crypto, and Social on Farcaster

At the ETHTaipei 2024 conference, Vitalik Buterin participated in interviews with several media outlets, sharing his views on hot topics such as the Cancun upgrade, addressing potential quantum threats, AI s response to media questions:　　Q: Your activity on Farcaster seems to be higher than on Twitter. Can decentralized social applications like Farcaster really compete with Web2 social applications？ Or can they disrupt social patterns？　　Vitalik Buterin: Yes, I think one interesting aspect of the social space is that it has network effects but also anti-network effects. Twitter is a platform that aggregates various demographics but also tends to attract those who are genuinely annoying. Ive found that Farcaster has accumulated a sufficient number of users and is quite interesting. On this platform, I can engage in higher-quality interactions, although it still needs improvement.　　I believe that while Twitter may differentiate between high-quality content and users, and low-quality content and users, many criticize these mechanisms, including management and blue check verification, as they could become a centralized tool or privilege serving specific viewpoints and groups. However, the crypto space, including many non-financial applications like Ethereum, fundamentally addresses this issue and attempts to solve trust problems of this nature. Decentralized social networking can truly

2024-03-22Deep Dive

ArbitrageScanner Event in Dubai: How to make money with blockchain analysis and crypto arbitrage?

ArbitrageScanner, a prominent player in the crypto industry, is orchestrating an exclusive closed-door gathering in Dubai, uniting the titans of web3, blockchain analysis, and cryptocurrency arbitrage. Renowned as the best tool for arbitrage and blockchain analysis, ArbitrageScanner boasts a multitude of glowing customer cases and testimonials.　　Over two days, attendees will engage in high-level networking amidst opulent surroundings, complete with a swimming pool, gourmet cuisine, beverages, and limitless hookah. Admission to this event is strictly ticketed, ensuring a discerning crowd comprising only VIP guests and existing clients of the service.　　The significance of ArbitrageScanner events cannot be overstated. Beyond the opportunity to rub shoulders with industry luminaries, participants will delve into pressing topics and gain access to insider insights seldom disclosed in mainstream media. Moreover, attendees will relish the chance to luxuriate in a lavish villa while absorbing invaluable knowledge from seasoned market professionals.Dont Miss Out: Your Guide to the ArbitrageScanner Event in Dubai!　　When？ 17-18 April, Dubai　　Where？ In the largest 3-storey villa in an iconic location in Dubai.　　Who will attend of ArbitrageScanner Event？　　Traders with over $5 million in capital,　　Tier-1 crypto fund owners, major exchanges.　　Successful clients of ArbitrageScanner who have left the P2P sphere, are involved in arbitrage and are willing to share

2024-03-22Deep Dive

Federal Reserve holds interest rates, expects three cuts by end of year

In a largely anticipated move, the Federal Reserve chose to hold interest rates at their existing level on Wednesday following the Federal Open Market Committee two-day policy meeting.　　Central bankers are calling for three rounds of rate cuts by the end of 2024, projection materials released Wednesday show.　　The rate hike pause marks the central bank‘s fifth since consecutively raising interest rates from March 2022 to July 2023. Persistent inflation and improving employment data contributed to central bankers’ decision to hold rates, they said.　　“The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance,” Wednesdays statement read. “The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.”　　Longer-term inflation expectations appear to remain “well anchored,” Chair Jerome Powell said Wednesday during a press conference.　　“We believe that our policy rate is likely at its peak for this tightening cycle, and that if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint, at some point this year,” Powell said.　　Stocks inched higher and cryptocurrencies were mixed on the news. Bitcoin (BTC) was relatively flat in the moments after the Fed released its statement at 2 pm ET.

2024-03-21Deep Dive

Immutable and Polygon Labs launch Inevitable Games Fund with hopes of raising $100M

King River Capital, Immutable and Polygon Labs have partnered to launch the Inevitable Games Fund (IGF), which aims to bring additional resources into the Web3 gaming space.　　The fund wants to be ecosystem agnostic and act as a resource to encourage innovation in the on-chain gaming sector. Its investment process is led by King River Capital, with the assistance of Immutable and Polygon Labs.　　Only “professional and sophisticated investors” will be able to contribute to the fund, which has a cap size of $100 million. According to Brendan Ma, head of investments at Immutable, the funds first close has reached $30 million, and it has received commitments from investors including Alpha Wave Ventures, Merit Circle and several family offices.　　A handful of investment opportunities have already been identified by the fund, including decentralized Web3 gaming IP Pixelmon, open-world player versus player arms game Metalcore and role-playing game Guild of Guardians.　　Co-founder and managing partner at King River Capital Zeb Rice said that video game spending exceeds global revenue from movies, streaming services and the music industry combined.　　“Just as mobile gaming went from virtually zero in 2008 to 79% of gamers playing mobile today, we believe a similar shift has only just begun [with] Web3

2024-03-21Deep Dive

Exploring a New Concept in the Industry—Parallel EVM, Overview of Four Projects

Former Polygon co-founder JD once stated on social media that he anticipates every L2 in 2024 will rebrand themselves and label themselves as “Parallel EVM”.　　Paradigms CTO Georgios also believes that 2024 will be the “Year of Parallel EVM” and mentioned that exploration and design of related technologies are also underway internally at Paradigm.The Definition and Implementation of Parallel EVM　　The Parallel EVM (Ethereum Virtual Machine) is a concept aimed at improving the performance and efficiency of the existing EVM. Currently, the EVM has a crucial feature in its design to maintain network consistency and security:　　Transactions are executed sequentially. Sequential execution ensures that transactions and smart contracts are executed in a deterministic order, making it easier to manage and predict the state of the blockchain. This design choice prioritizes security and reduces potential complexities and vulnerabilities associated with parallel execution. However, under high loads, it may lead to network congestion and delays.　　Parallel EVM allows different independent transactions or smart contracts to execute simultaneously, greatly improving the processing speed and system throughput of the EVM.　　General methods for parallel EVM processing include:　　Partitioning or sharding: Transactions are partitioned or grouped, allowing them to execute in parallel. This means that different transactions can be executed simultaneously

2024-03-21Deep Dive

The TEAMZ WEB3/AI SUMMIT 2024, happening on April 13th and 14th, 2024

After the phenomenal success of last years event, the TEAMZ WEB3/AI SUMMIT 2024 is set for April 13th and 14th, taking place on the fifth floor of Toranomon Hills in Minato-ku, Tokyo. This summit is a pivotal convergence for leaders, experts, academics, investors, and developers in the Web3 and AI sectors, providing an unmatched opportunity for attendees to exchange the latest insights and delve into industry innovations.　　Since 2017, TEAMZ Inc. has been at the forefront of hosting significant Web3 summits in Japan. Despite having to pause our events due to natural disasters after several successful editions, weve faced and overcome many challenges. We were delighted to successfully host our fifth summit on May 17th and 18th, 2023. This event stood out, drawing nearly 4,000 enthusiastic attendees and numerous industry leaders in Web3 and AI. It was an event of great significance, encouraging important dialogues and collaborations.　　This year, from April 13th to 14th, the TEAMZ WEB3/AI SUMMIT 2024 aims to be even more spectacular than previous editions. Building on last years momentum, we expect this summit to be a grand assembly with over 5,000 participants. Attendees from across the world will gather to explore the latest industry trends and future possibilities.　　CO-HOST

2024-03-21Deep Dive

...

2426

...

736