Evening News | Dragonfly Capital raises $650 million for its third crypto fund; Binance may establish a regulated entity in a G7 country in Europe
BitMEX founder Arthur Hayes believes that the foreign exchange surplus of global surplus countries will push the price of Bitcoin to $1 million.Organizer: Eva, Chain Catcher
"What important events have occurred in the past 24 hours?"
1. Mirror website suspected of being attacked, CTO responds that it is related to the new NFT minting feature announcement for optimism
The decentralized content publishing platform Mirror experienced a malfunction today, causing some network functions to be paralyzed. Mirror.xyz CTO Graeme responded in the official Discord community: "Sorry, we are working on this issue. Today, we enabled a new feature that allows users to mint NFTs from optimism token announcements, and our infrastructure seems to be under attack, allowing only certain people to mint NFTs while excluding others. We are now disabling the announcement NFT minting feature and will restart it in the future after improvements."
2. Zhao Changpeng: Binance may establish a regulated entity in a G7 country in Europe
Binance founder and CEO Zhao Changpeng stated at the Financial Times Crypto and Digital Assets Summit in the UK on Tuesday that Binance may soon establish a regulated entity in a G7 country in Europe. Zhao mentioned that Binance already has a standard corporate structure and a holding company, and more information will be disclosed soon.
A few days earlier, Zhao stated in an interview with French media that they might establish a European headquarters in France. (Source link)
3. Data: Ethereum and Solana ecosystems suffered over $1 billion in losses due to hacker attacks in Q1 2022
According to the latest data from Atlas VPN, blockchain hackers stole approximately $1.3 billion in 78 hacking incidents in Q1 2022. Among them, the Ethereum ecosystem suffered 18 hacking attacks in the first quarter of 2022, resulting in losses of nearly $636 million. The Solana ecosystem was hacked 5 times, with losses of $397 million. (Source link)
4. BitMEX founder Arthur Hayes: The foreign exchange surplus of surplus countries will push Bitcoin prices to $1 million
BitMEX founder Arthur Hayes published a new blog post today discussing his market views. Arthur Hayes believes that the current monetary policy of the world is inevitably heading towards collapse, and the foreign exchange sanctions imposed by the U.S. and Europe against Russia in the context of war conflicts will change the trust surplus countries have in the dollar and euro. This may lead surplus countries to purchase censorship-resistant Bitcoin while increasing government deficits in the U.S. and EU.
Arthur Hayes predicts that deficits will cause the Federal Reserve to create negative real interest rates by fixing Treasury bond rates, while the euro will ultimately collapse due to deficits, accelerating Bitcoin's journey to $1 million. (Source link)
5. Dragonfly Capital raises $650 million for its third crypto fund
According to CoinDesk, Dragonfly Capital has raised $650 million for its third crypto fund, "Dragonfly Ventures III." This fund will focus on all stages of creating a "new digital economy" for blockchain and crypto companies and will allow leading investments in later-stage companies. LPs include global investment giants such as Tiger Global, KKR, Sequoia China, and Invesco.
So far, Dragonfly Capital has invested nearly 60 companies through its funds launched in 2018 and 2021, with investments of $100 million and $225 million, respectively. (Source link)
6. The Central Bank of Cuba will issue licenses to virtual asset service providers, valid for one year
The Central Bank of Cuba (BCC) announced that it will issue licenses to virtual asset service providers. The BCC stated that due to the experimental and novel nature of such activities, approved licenses will be valid for one year and can be extended for a second year. This resolution will take effect 20 days after its announcement.
It is understood that virtual asset service providers refer to individuals or legal entities providing services related to the exchange between virtual assets and fiat currencies, custody or management of virtual assets, and the issuance or sale of virtual assets within Cuba. (Source link)
"What interesting articles are worth reading in the past 24 hours?"
On April 27, the Ethereum scaling solution Optimism officially announced the issuance of the OP token, along with the release of its token economics and governance mechanism, launching a large-scale experiment in decentralized governance called Optimism Collective. It is reported that the initial total supply of OP tokens is 4,294,967,296, of which 19% is allocated for airdrops, with over 260,000 addresses qualifying for the airdrop. This article is a detailed introduction to the project’s token economics, governance mechanism, distribution mechanism, and airdrop conditions based on the official documentation of Optimism by Chain Catcher.
2. “Web3 Revolution: Escape, Faith, Great Migration”
From executives of large companies to young talents, the Web3 industry is continuously attracting talent from the internet. In the first 20 years of the 21st century, the internet may have been the most friendly industry for the majority of young people in China, although people now complain more about its various issues. As a new generation of the internet, the rich products, high valuations, and large user bases… all remind people of the internet around the year 2000, during its wild era.
3. “The Continuously Diverging NFT Market: A New Pyramid is Forming”
The differentiation of various NFT projects in terms of their capabilities and development directions is dynamic. Classifying projects based on "blue chips" is not only vague but also has a time lag. From the recent differentiation among "blue chips," clearer hierarchical levels have emerged, and a new pyramid is forming: whether the "metaverse ecosystem" can sit at the top of the pyramid, followed by "metaverse brands," while the remaining projects are striving to evolve upwards at different paces, with some standing out and others falling behind…
This article attempts to re-layer the "blue chip" segment, observing what the current pyramid of blue chip projects should look like in terms of operations, marketing, and development pathways.
4. “Advice for Musk: How to Build a Decentralized Version of Twitter?”
Creating a social media application is very simple, but operating a successful social media business is exceptionally difficult, involving numerous challenges such as illegal content, intellectual property, data protection, and disclosure. So, what other issues need to be considered when building a "decentralized Twitter"?
