Evening News ｜Damus randomly tips users with BTC using the Lightning Network; MicroStrategy reports a net loss of $250 million in Q4
The proposal to re-peg USTC for Terra Classic has been approved; Binance has acquired a majority stake in the South Korean exchange Gopax.整理：flowie，ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Damus: Randomly Distributing Small Amounts of Bitcoin to Users via the Bitcoin Lightning Network
The third-party client of the Nostr protocol, Damus, announced on its official social platform that it will randomly distribute small amounts of Bitcoin to users of the client via the Bitcoin Lightning Network. Users need to leave their Bitcoin Lightning Network receiving addresses in the comments section of the official Damus.
Previously reported, the third-party client Damus has a built-in Bitcoin Lightning Network feature that allows direct payments through third-party Lightning Network wallets. Additionally, Damus has been removed from the App Store in mainland China. (Source link)
2. MicroStrategy Releases Q4 2022 Financial Report: Net Loss of $250 Million, Total Bitcoin Holdings Increase to 132,500 Coins
MicroStrategy released its Q4 2022 financial report, reporting revenue of $132.6 million for the quarter, a gross profit of $110.5 million, operating expenses of $299.5 million, an operating loss of $193.7 million, and a net loss of $249.7 million. Operating expenses include impairment losses on MicroStrategy's digital assets (net of sales proceeds), which amounted to $197.6 million.
Additionally, through increased purchases, its total Bitcoin holdings rose to 132,500 coins, with a book value of approximately $1.84 billion as of December 31, 2022, and a cumulative impairment loss of $2.153 billion, with an average Bitcoin cost of about $30,137. MicroStrategy stated that its belief in the long-term purchase, holding, and increasing of Bitcoin positions remains unchanged. (Source link)
3. Terra Classic (LUNC) Proposal to Re-Peg USTC Approved, USTC 24h Price Surge Exceeds 30%
The Terra Classic community proposal 11324 "Re-Peg LUNC to USTC" has been approved. The proposal outlines an operational framework for the LUNC community to rebind USTC at the code level, consensus level, and guideline level.
This proposal serves as a signaling proposal, with specific operational plans to be executed under the Terra Community Trust 23 guidelines. The ultimate goal is to restore the value lost during the "de-pegging" event in May 2022 while simplifying the LUNC burning process.
According to CoinMarketCap data, the price of USTC briefly surpassed $0.03, with a 24h increase of over 30%. Terra Classic (LUNC) broke through $0.0002, with a 24-hour increase of 17.5%. (Source link)
4. Data: Crypto Company Financing in January 2023 Plummets 91% Year-on-Year
According to CoinDesk data, crypto startups raised $548 million in January 2023, a staggering 91% drop from $6 billion in January 2022. The number of deals also decreased from 166 to 62, with most transactions targeting early-stage small businesses.
In terms of financing amounts, the CeFi sector saw the largest decline, with $22.8 million raised in January 2023, down 99% year-on-year; the infrastructure sector experienced a relatively smaller decline, raising $357 million, down 59% year-on-year. (Source link)
5. Web3 Infrastructure Company BlockJoy Completes Nearly $11 Million Seed + Series A Funding, with Participation from Tribe Capital and Others
Web3 infrastructure company BlockJoy announced the completion of nearly $11 million in seed + Series A funding, with participation from Gradient Ventures, Draper Dragon, Active Capital, Borderless Capital, Tribe Capital, Bessemer, Renegade Ventures, and others. The new funds will be used to help launch its proprietary blockchain node management software.
BlockJoy enables customers to deploy and run decentralized blockchain nodes on any infrastructure while maintaining a cloud-like experience, reducing costs by up to 80% compared to traditional cloud providers. Within six months of its launch, it has operated over 1,200 validators for Helium and recently released a beta version supporting Ethereum and Helium, with plans to support more new protocols after completing public beta testing in the coming weeks. (Source link)
6. Binance Acquires Majority Stake in Korean Exchange Gopax, Funded by $1 Billion "Industry Recovery Plan"
According to Bloomberg, Binance has acquired a majority stake in the Korean exchange Gopax, with funding coming from Binance's previously announced $1 billion "industry recovery plan." Specific acquisition terms have not been disclosed. Gopax suspended customer withdrawals in November 2022, and its parent company, Streami Inc., is one of the top 10 known creditors of Genesis Global, which is also a partner in the yield products offered by Gopax. Binance plans to inject capital into Gopax to enable customer withdrawals and interest payments for Gopax's yield products, GoFi. Zhao Changpeng expressed hope to further rebuild the cryptocurrency and blockchain industry in Korea together with Gopax.
Previously reported, Binance completed its due diligence on the acquisition of Gopax in early January and is in the final steps of confirmation procedures. At that time, Binance planned to purchase shares (41.2%) from Gopax's largest shareholder, CEO Lee Jun-hyung. (Source link)
7. Ethereum Core Developers Discuss Shanghai Upgrade Testnet Timeline and EIP-4844 Progress
Ethereum core developers discussed the timeline for the public testnet release of the Shanghai upgrade and the progress of the Cancun upgrade (the upgrade following Shanghai) focused on EIP-4844 during the call #154 on February 2.
It was reported that the Ethereum public withdrawal testnet, Zhejiang, went live on February 1, allowing anyone to request testnet ETH from a faucet and launch their own validators on the network. The Zhejiang testnet currently has 61,000 active validators, most of which are operated by the Ethereum Foundation.
Due to potential configuration issues with the CL software client, the testnet is working to address new staked ETH deposits. Assuming this issue is resolved in the coming days, developers plan to activate the Shanghai upgrade on the Zhejiang testnet on February 7.
If the Shanghai upgrade proceeds smoothly on the Zhejiang testnet, developers will decide on the activation date during the ACDC call on February 9 to release the upgrade on the Sepolia testnet. Developers plan to release the Shanghai upgrade on the Ethereum Goerli testnet by the end of February or early March, and after a successful transition, will turn to the mainnet.
Ethereum core developers also spent most of their time discussing EIP-4844-related matters, including gas pricing, transaction validity rules, transaction pool testing, and coupling with blob/block. (Source link)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
1. "Injective Launches $150 Million Ecosystem Plan, What Are Its Early Ecosystem Projects?"
Recently, the public chain Injective, optimized for DeFi, announced the launch of a $150 million ecosystem plan, making this ecosystem fund one of the largest in the Cosmos community.
Injective Protocol was initially a decentralized trading protocol based on a public chain and later built an independent Layer 1 protocol based on the Cosmos SDK framework to support developers in building DeFi and Web3 applications with lower barriers. Since last year, the Injective ecosystem has been gradually expanding. This article will analyze the standout and unique applications within this ecosystem, referencing the Injective Ecosystem Map compiled by the crypto data site RootData.
Eddy Lazzarin, the engineering lead of the a16z cryptocurrency team, highlighted common traps that many encounter when considering token design, as well as possible solutions. This content is divided into three parts: first, common thought patterns in token design; second, token classification, discussing what tokens are and how we can think about developing and enhancing their capabilities; and finally, the technology tree theory, exploring how to leverage technology to make our designs more likely to succeed.
2022 may have been a terrible year for the industry, with MEV, cross-chain bridge exploits, and the fallout from the FTX collapse taking center stage. On the other hand, significant progress is being made in all major aspects of infrastructure, including user experience, scalability, interoperability, privacy, and censorship resistance.
Delphi Digital believes that the current cryptocurrency infrastructure is not yet ready to handle mass adoption, but 2023 will still be a year of resurgence.
*4. “Curve Ecosystem Heats Up Again, This DAO-Developed Project Is a Must-Watch”
With the continuous expansion and development of the ecosystem, the "Lego gameplay" of Curve and Convex is also increasing. Driven by the crypto market, many tokens of Curve ecosystem projects have recently seen significant price increases, with the standout projects being Concentrator, CLever, and Conic Finance, which rose nearly 500%, 300%, and 100%, respectively. Interestingly, the two projects with the largest increases, Concentrator and CLever, are both developed by the DeFi community AladdinDAO.
This article introduces the structure and main goals of AladdinDAO, as well as the Lego mechanisms of Concentrator and CLever.
