Evening News | Scroll co-founders share experiences and lessons in building zkEVM; Meitu invests in cryptocurrency with a loss of approximately 285 million yuan
Cypher Capital is seeking $100 million in funding; the EigenLayer white paper includes a potential module list for MEV, ordering, and more.整理：Cookies, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Bloomberg: Hong Kong's Cryptocurrency Policy May Receive Soft Support from the Liaison Office
According to Bloomberg, officials from the Central People's Government Liaison Office in the Hong Kong Special Administrative Region are regular attendees at Hong Kong cryptocurrency gatherings, monitoring developments and requesting reports, and in some cases, following up by phone. Bloomberg states that the mainland government may support the region's consultation process for the legalization of retail cryptocurrency trading. The Liaison Office did not respond to requests for comment.
According to ChainCatcher's report yesterday, the Hong Kong Securities and Futures Commission has launched a consultation regarding the regulation of virtual asset trading platforms, which will end on March 31 to align with the new licensing regime that can officially take effect on June 1. (Bloomberg)
2. Meitu: Cryptocurrency Impairment Loss Confirmed at Approximately 285 Million Yuan
According to an announcement by Meitu on the Hong Kong Stock Exchange, since the purchase of cryptocurrencies, the group has not bought or sold any cryptocurrencies based on its cryptocurrency investment plan.
In accordance with International Financial Reporting Standards, the group expects to recognize an impairment loss of approximately 285 million yuan for the cryptocurrencies purchased in the group's upcoming annual performance report for the year ending December 31, 2022. The impairment loss on the purchased cryptocurrencies offsets part of the impact of the fair value gains of financial assets measured at fair value through profit or loss on the group's net profit. (Source link)
3. Bloomberg: Cypher Capital, Founded by Former Binance Executive, Seeks $100 Million in Funding
According to Bloomberg, the venture capital firm Cypher Capital is seeking $100 million in funding. It is reported that Cypher Capital was founded by former Binance M&A head Bill Qian and covers areas such as venture capital, public markets, nodes, and mining. According to rootdata, Cypher Capital has previously invested in crypto projects such as Fenix Games, peaq, MetaOne, and MintGate. (Bloomberg)
4. Cosmos Ecosystem Foundation Plans to Provide Approximately $40 Million to Project Teams This Year
The Interchain Foundation (ICF), which develops and builds the Cosmos ecosystem, has stated that it expects to spend approximately $40 million in 2023 to fund various engineering teams to develop and maintain the core stack of Interchain, including projects that support adoption and use cases.
It is reported that the ICF's key funding areas include consensus, interoperability, app frameworks and clients, Cosmos Hub, security and testing frameworks, DevRel, outreach, and growth. (Source link)
5. Fetch.AI and Bosch Launch $100 Million Foundation to Promote Web3 Adoption
Fetch.ai has partnered with German engineering giant Bosch to launch a $100 million foundation aimed at researching, developing, and utilizing Web3 technologies for practical use cases across mobile, industrial, and consumer sectors. (Source link)
6. Ethereum Re-staking Market EigenLayer Releases V1 White Paper, Potential Module List Includes MEV, Ordering, etc.
The Ethereum re-staking market EigenLayer has released its V1 white paper, which outlines the key ideas that core developers will implement in the upcoming first version of the protocol, including a potential list of EigenLayer modules (e.g., MEV, ordering).
Additionally, EigenLayer has launched the EigenLayer forum to focus discussions on three topics: the EigenLayer protocol, EigenDA development, and middleware research. (Source link)
7. ZK Dark Pool Protocol Renegade Completes $3.4 Million Financing, Led by Dragonfly and Others
The ZK dark pool protocol Renegade has completed $3.4 million in financing, led by Dragonfly Capital and former AngelList CEO Naval Ravikant, with participation from Balaji Srinivasan and Lily Liu.
It is reported that Renegade is developing an on-chain version of a dark pool based on multi-party computation (MPC) and zero-knowledge proofs. Renegade is currently in an internal testnet phase, with a public testnet planned for release in the second quarter of 2023. (Source link)
8. Data: Arbitrum Ecosystem DEX Vela Exceeds $340 Million in Daily Trading Volume
The Arbitrum ecosystem native DEX project Vela Exchange achieved a trading volume of $342 million in the past 24 hours, while GMX's trading volume during the same period was $111 million (including Arbitrum and Avalanche networks).
It is reported that Vela Exchange employs a mechanism design similar to GMX and is currently in the testing phase. According to previous reports by ChainCatcher, Vela Exchange has updated its token economics to reduce the total supply of tokens by 50 million. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
David Gan believes that, looking at the overall quality of investment projects during the bear market of 2018 and 2019, after the turbulent year of 2022, the primary market investment will enter a dividend period, with 80% of OP Crypto's fund still available to capture opportunities in this cycle. Recently, ChainCatcher interviewed David Gan to discuss OP Crypto's investment logic and his judgment on this year's Web3 primary market investments.
2. "The Philosophy Behind Scroll: Community-Driven, Robustness, and Decentralization"
zkEVM has been a very popular topic over the past two years. It can be said to have become the standard technical solution for scaling Ethereum. From the beginning, Scroll has worked with the Privacy and Scaling Explorations (PSE) team to promote this ambitious dream and is committed to continuing to build it together in the future. This article shares some lessons learned by Scroll co-founder Zhang Ye while building zkEVM and how to consider different trade-offs.
As the NFT market gradually warms up, the competition for users in the trading market has entered a heated stage. So far, the emerging NFT aggregator project Blur has already surpassed Opensea in trading volume. NFT financialization is likely to become the next trigger for Web3 growth in the era of fat applications. This article reviews 152 NFTFi track projects by category.
