Evening News ｜Polygon launches Polygon ID based on ZKP; Binance's AI product Bicasso accused of creative theft
Polychain Capital plans to raise $400 million for its fourth fund; Kraken will no longer use Signature Bank for significant financial transactions.整理：flowie，ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Binance Plans to Attempt Again to Obtain Cryptocurrency Service License in Singapore
Binance plans to attempt again to obtain a license to provide cryptocurrency services in Singapore, shifting from retail customers to corporate clients. According to executives from the department, it will allow its custody division to apply for the license to "provide such services at the appropriate time."
Binance launched a restructured business aimed at Singapore corporate clients at the end of November last year, renaming Binance Custody to Ceffu. The spin-off caters to professional investors seeking custody and other digital asset services. Binance hopes to obtain a license for this business. Binance's enforcement training director Jarek Jakubcek stated that Binance has been enhancing its capabilities to meet regulatory requirements. (Source link)
2. Polygon Launches New Zero-Knowledge Proof-Based Tool Polygon ID
Polygon announced that it has added four new tools to its decentralized identity infrastructure Polygon ID for SSI infrastructure (verifier SDK, issuer node, wallet SDK, and wallet application), helping developers integrate decentralized identity into their applications.
Polygon ID leverages the Iden3 protocol and Circom ZK toolkit, allowing anyone to become an issuer, verifier, or holder of Web3 identity. Off-chain data can now be used for trustless on-chain verification through verified credential formats. Launch partners include The Sandbox, Collab.Land, Fractal, and others.
Previously reported, in March last year, Polygon launched Polygon ID using Iden3. (Source link)
3. Polychain Capital Plans to Raise $400 Million for Fourth Fund
According to The Block, Polychain Capital is in discussions with potential investors and plans to raise $400 million for its fourth fund.
According to the crypto data platform RootData, Polychain Capital has invested in a total of 132 crypto projects to date, including Uniswap, Mina, Coinbase, dYdX, Solana, and others. (Source link)
4. Co-founder of Hunt Town: Binance AI Product Bicasso Accused of Idea Theft
Binance founder Zhao Changpeng announced on his social media that the beta version of Binance's AI product Bicasso is now live.
It is reported that Bicasso can use AI technology to generate NFTs from users' ideas. (Source link)
Shortly after, regarding Binance's launch of the AI product Bicasso that can turn ideas into NFTs, Hunt Town co-founder "project7" and team member "ggoma" tweeted: "I never thought Binance would copy my idea from the BNB Chain hackathon. Binance stole the story of our project, we won first place at the BNB Chain hackathon." (Source link)
5. Zhang Kaifu, One of the "Four Kings of Taobao," to Transition to Web3 Business
According to Lei Feng Network, Zhang Kaifu (alias: Kaifu), general manager of AliExpress, will transition to oversee Web3. Currently, Kaifu's organizational structure has not been adjusted and he nominally still reports to Jiang Fan. However, Kaifu has gradually withdrawn from the business, with AliExpress temporarily managed directly by Jiang Fan, "he personally participates in all meetings."
Kaifu has long led Taobao merchants and industry lines and is an old subordinate of Jiang Fan, alongside Pingchong (Tang Xing), Chuixue (Yang Guang), and Jialuo (Liu Bo), known as the "Four Kings of Taobao." On January 13, 2022, Alibaba released a new round of organizational promotions on its intranet, promoting Kaifu to Alibaba M6 (Vice President). Currently, the reasons for Kaifu's transition remain unclear, and speculation suggests it may be related to the unsatisfactory development of AliExpress's business. (Source link)
6. Bloomberg: Kraken No Longer Uses Signature Bank for Major Financial Transactions
According to a report by Bloomberg, the cryptocurrency exchange Kraken is withdrawing from using Signature Bank for some major financial transactions. Kraken's non-corporate clients will no longer be able to use Signature for USD deposits or withdrawals. Deposits will be gradually phased out by March 15, and withdrawals will end on March 30.
Previously reported, the cryptocurrency derivatives trading platform LedgerX stated that it would no longer use Silvergate Bank to receive domestic wire transfers, but would use Signature Bank instead. Signature indicated in December that it would reduce its exposure to the crypto industry. (Source link)
7. The Sandbox Plans to Launch DAO by Year-End to Manage Metaverse Business
Sebastien Borget, COO of The Sandbox, tweeted that the future of the metaverse platform lies in the hands of individual creators rather than corporate brands. Sebastien Borget stated that The Sandbox plans to launch a DAO by the end of the year and will make funding and other decisions through SAND voting. ([Source link])
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
The NFT market is constantly changing. Over the past year, OpenSea has felt pressure as its emerging competitors gradually take away more and more market share. From a weekly perspective, LooksRare, X2Y2, Sudoswap, and Blur have reduced OpenSea's NFT market share from 99% to 50-30%. This article conducts an in-depth study of the airdrop data of LooksRare, X2Y2, and Blur to understand the effects of airdrops in their respective markets.
- “Can Binance Be Transparent About the Alleged Misappropriation of $1.8 Billion in Assets?”
Forbes raised significant questions about Binance's management and custody of customer assets and stablecoin collateral based on a recent detailed investigation. In the investigation, Forbes mentioned the nature and intent of some on-chain transactions and provided many possible explanations for them. However, so far, Binance has not provided a clear response to these on-chain transactions. Binance's approach fails to restore confidence in the crypto industry, especially after the bankruptcy of FTX, as people no longer easily trust centralized platforms with off-chain balance sheets.
