Recommended Reading on the Weekend of Chain News｜A look at the Arweave ecological landscape and interpretation of Coinbase listing documents (www.blockcast.cc)

Link news editing time

“The Perpetual Network Growing in Silence: At a Glance the Arweave Ecological Layout of the Permanent Information Storage Protocol”
You must not know this silently growing ecological kingdom: Arweave has been online for 3 years. So far, there have been more than 200 applications based on the Arweave network, involving social networks, infrastructure, content distribution, and verification tools. Etc. multiple categories.
Read the full text

“Coinbase will open an IPO, what information is disclosed in its listing application form? 》
Coinbase has a total revenue of US$3.4 billion as of 2020, 43 million verified users, and 2.8 million monthly transaction users.
Read the full text

“View: The Ethereum Mining Union accepted the EIP-1559 proposal, why? 》
The reason is simple. Compared with protesting against the long-term loss of their own income caused by the upgrade of EIP-1559, miners are better off cooperating with users to promote its implementation.
Read the full text

Cool stuff

“Why did the mysterious DeFi whale reproduce exactly the same CryptoPunk NFT? 》
Destroy the fake PUNK to prove that you are the real PUNK.
Read the full text

“5 minutes to understand BadgerDAO’s upcoming “stable coin” CLAWS”
This is a kind of income dollar backed by BTC and providing relatively stable value.
Read the full text

Industry Insight

“Rolling Stone: Grammy Award-winning Portugal said that cryptocurrency is the rock of the new era. Why? 》
The rock band “Portugal/Portugal. The Man” that won the 2017 Grammy Award for Best Pop Group released their own cryptocurrency last month. They wrote an article in Rolling Stone magazine explaining how people in the art world can use crypto Dongfeng builds a solid fan club.
Read the full text

“Why will CryptoPunks usher in the Cambrian outbreak? 》
As the first digital artwork on Ethereum with a built-in method of verifying ownership, CryptoPunks can capture more value than other encrypted collections.
Read the full text

“Where does the high income of DeFi mining come from? Is it sustainable? 》
Understand the four sources of DeFi revenue: borrowing demand, risk exchange, service provision, and equity growth.
Read the full text

A few things not to miss

Important project progress

• Ethereum developers formally proposed to add EIP-1559 to the Ethereum London upgrade, tentatively scheduled to be implemented in July or August this year
• 1inch will be deployed to Binance Smart Chain and liquidity mining will be launched on Binance Smart Chain
• DEX Sifchain completed the token public offering , raising a total of 26 million US dollars
• MASK LBP token auction raised about 40 million US dollars
• Optimism Square Ethernet Expansion Plan announced in March on the line the main network , has completed a $ 25 million financing led by the a16z vote
• Aave ecological NFT game Aavegotchi will be at 23:00 on March 2 official on-line
• The public chain project CasperLabs will conduct a public sale of its native token CSPR through CoinList on March 23
• NFT trading platform OpenSea will soon integrate public chain platform Flow
• Boca parallel chain of on-line publication process: test network parallel chain runs smoothly and the completion of the audit, the auction will be submitted to the parallel chain Slot Vote

Investment and Financing

• Digital asset bank Anchorage completes US$80 million in Series C financing , led by Singapore government investment fund GIC
• Fantasy football game Sorare completes $50 million in financing , led by Benchmark Capital
• DeFi prime brokerage service provider Oxygen completes US$40 million financing , led by Alameda Research
• Alameda Research invests USD 35 million in smart contract platform Fantom Foundation
• The crypto payment company Bottlepay completed a seed round of approximately US$15 million, fund manager Alan Howard and others participated in the investment
• On-chain foreign exchange trading agreement DFX completes over USD 5 million in seed round financing, led by Polychain and True Ventures
• Supply chain finance project Centrifuge completed US$4.3 million in financing , led by Galaxy Digital and IOSG
• DeFi insurance agreement InsurAce completed a strategic financing of 3 million US dollars, and more than a dozen institutions including Alameda and HashKey participated in the investment
• Kylin Network, a data infrastructure component of Polkadot, completed a $2.7 million private equity round of financing
• DeFi Asset Protocol Convergence Protocol completes US$2 million in financing , led by Hashed
• Polkadot Ecological DAO Infrastructure Idavoll Network completed a strategic financing of 1.5 million US dollars, dozens of institutions participated
• The APIS, a decentralized API indexing protocol, completes a $950,000 private equity round of financing
• On-chain incentive agreement DaFi completed 900,000 US dollars financing , a total of ten institutions participated in the investment
• NFT loan platform NFTfi completed $890,000 in financing . Participants include Coinfund, 1KX and The LAO, etc.
• DeFi Smart Contract Construction Platform DeFi Wizard completed $750,000 in financing , X21 Digital and AU21 Capital participated in the investment
• The Polkadot ecological project TrustBase completed the first round of million-dollar financing, and dozens of institutions participated in the investment
• NFT art distribution platform FM Gallery completed a seed round of financing of hundreds of thousands of dollars, and NGC participated in the investment
• Blockchain network security platform HAPI receives investment from Genesis Block Ventures

Data and research report

• Data : Grayscale Bitcoin Trust premium rate closed at -3.77% yesterday
• Data: DeFi agreement revenue in February increased by more than 14% month-on-month, setting a record high
• Data: Ethernet Square DeFi loan agreement 24 hours liquidation amount of $ 131 million, a record high

Transaction and market

• Yuchi announced its support for the Ethereum upgrade proposal EIP-1559, and Xinghuo Pool expressed its opposition
• The NFT digital artwork created by Beeple has been auctioned at Christie’s auction for nearly $1.8 million
• Mt. Gox will determine the voter of the liquidation compensation plan on March 24, and hold a meeting of creditors on October 20
• CCTV: About 20% of Internet cafes in South Korea close their doors to dig bitcoin , which is much higher than usual operating income
• The Fed’s payment network experienced a short-term downtime , leading to delays in transactions on some crypto exchanges Fedwire and ACH
• FTX will charge for ERC20 withdrawal
• Multicoin Capital: THORChain token RUNE is one of its largest investment positions
• In 2020, over 3 million customers bought and sold BTC on the Cash App, and over 1 million customers bought BTC for the first time in January this year
• Data: Ethereum miners’ revenue in February exceeded US$1 billion for the first time , a record high
• MoneyGram announced the suspension of transactions on the Ripple platform. Ripple responded that the cooperation between the two parties is not limited to the use of ODL

Big company progress

• U.S.-listed company Yibang International will launch LTC and DOGE mining business
• Coinbase officially submitted materials for public listing , and the stock code is tentatively designated as COIN; since Coinbase was established, its total revenue has exceeded US$3.4 billion and the number of users has exceeded 40 million
• Crypto asset management company CoinShares plans to conduct an IPO in Sweden on March 11
• MicroStrategy purchases 1.026 billion USD BTC again, at an average cost of 52,765 USD per BTC
• Payment company Square spends 170 million US dollars to purchase 3,318 Bitcoins, with an average price of 51,200 US dollars

Market voice

• Gavin Wood: tentatively scheduled to complete the release of parachain by the end of this quarter
• Musk mentions Dogecoin again on Twitter
• Bill Gates : Not optimistic about Bitcoin, investors must be cautious
• Ethereum developers: Hope to launch Ethereum EIP-1559 in the London fork during the “difficulty bomb” in July

Supervision, macro dynamics

• The UK Treasury Department calls for the introduction of a new crypto asset regulatory system
• Thai regulator : cryptocurrency is a financial innovation, but a hearing will be held for investor protection
• Fed Chairman Powell : is carefully studying whether digital dollars should be issued; Fed Chairman Powell reiterated that interest rates will be kept close to zero and loose monetary policy will continue to exist
• The New York State Attorney General’s Office reached a settlement with Bitfinex and Tether; NYAG asked the latter to stop trading activities in New York State

Security Question

• Synthetix Layer 2 has encountered a failure and it is estimated that it will take 24 hours for upgrade testing and deployment
• Fantom temporarily stopped producing blocks due to the excessive concentration of node voting rights. The foundation rewritten the proposal to PoS to decentralize node rights

read more

Preview next week

March 1 (Monday)

• Kylin Network will launch token issuance through the method of “IDO Whitelist + Balancer LBP”
• Xapo will stop providing services to U.S. customers

March 2 (Tuesday)

• Aave Eco NFT game Aavegotchi will be officially launched at 11pm
• APYSwap will conduct IDO on the Polkastarter platform

March 3 (Wednesday)

• FinNexus the on-line Heco, and in turn raised WeStarter

March 4 (Thursday)

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views and have nothing to do with ChainNews’ position. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.