Evening News | The Sui mainnet will launch in the second quarter of this year, with no airdrop plans; Magic Eden launches Bitcoin NFT marketplace
Arbitrum's anti-witch rule has a vulnerability, with 21.8% of the airdrop allocated to 150,000 witch addresses; Bitget adds an investment of $30 million to acquire a controlling stake in the crypto wallet BitKeep.Organizer: Xi Angxiang, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Sui: Mainnet Launching in Q2 This Year, No Airdrop Plan Yet
Layer1 blockchain Sui announced that its mainnet will be launched in Q2 this year, with no official airdrop plan at this time. They have also initiated a series of activities and content called "Wave to Mainnet," aimed at further introducing the Sui protocol to the community.
Previously, ChainCatcher reported that developers from Mysten Labs stated last October that Sui planned to launch its mainnet in Q1 this year. (Source link)
2. Magic Eden Launches Bitcoin NFT Marketplace
NFT trading platform Magic Eden will launch a fully audited Bitcoin NFT marketplace, allowing traders to purchase inscriptions or NFTs minted within the Bitcoin network. Magic Eden is integrating Bitcoin wallets Hiro and Xverse to assist traders in listing, buying, and selling Ordinal NFTs.
Additionally, Magic Eden is collaborating with Ordinal projects Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits to help its users utilize Bitcoin-based NFTs. (Source link)
3. Arbitrum's Anti-Sybil Rules Have Vulnerabilities, 21.8% of Airdrop Allocated to 150,000 Sybil Addresses and at Least 4,000 Sybil Communities
According to data analysis platform X-explore, the anti-Sybil rules in Arbitrum's recent airdrop created "significant vulnerabilities," leading to approximately 150,000 Sybil addresses and at least 4,000 Sybil communities profiting over 253 million tokens, accounting for 21.8% of the total airdrop amount.
X-explore speculated that Arbitrum's rules excluded cross-chain bridges, centralized exchanges, and smart contracts when detecting Sybils; adopted relatively lenient detection for small-scale, same-person addresses; only used data prior to the snapshot (February 6, 2023) for Sybil detection; and only data from Arbitrum and Ethereum was used for Sybil detection, ignoring data from other Ethereum Layer 2s like Optimism and Polygon. These Sybil detection rules caused significant vulnerabilities, and based on the above rules, X-explore identified Sybil address data through its internal same-person address/Sybil address identification model. (Source link)
4. Bitget Invests $30 Million at a $300 Million Valuation, Acquires Majority Stake in Crypto Wallet BitKeep
According to The Block, cryptocurrency exchange Bitget has invested an additional $30 million at a $300 million valuation to acquire a majority stake in crypto wallet BitKeep.
It is reported that as part of the Bitget transaction, BitKeep CEO Kevin will resign, and BitKeep's current Chief Product Officer Karry Cheung will be promoted to CEO. BitKeep will continue to operate as an independent entity.
Additionally, according to crypto data platform RootData, BitKeep completed a $15 million Series A funding round at a $100 million valuation last May, led by Dragonfly, with participation from Foresight Ventures, SevenX Ventures, and others; previously, Matrix Partners was also one of BitKeep's earliest investors. (Source link)
5. Race Capital Completes $181 Million Second Fundraising, Has Invested in 10 Projects
According to Bloomberg, Race Capital has completed $181 million in fundraising for its second fund. It is reported that this fund has made 10 investments, including machine learning development platform Sematic and digital wallet Ottr Finance. Race Capital General Partner Alfred Chuang stated that the company is more interested in decentralized technology than ever, especially after the collapse of the cryptocurrency exchange FTX, in which Race Capital invested.
According to data platform Rootdata, Race Capital's previous investments include DeFi project Huma Finance, global payment platform Ping, Web3 communication infrastructure Notifi, crypto wallet Martian, Solana wallet Ottr Finance, and network data analysis platform Umami.
Additionally, it has been reported that Race Capital was one of the earliest investors in FTX and Solana, reportedly achieving over 100 times returns. (Source link)
6. Binance Launchpad Opens Subscription for Space ID Project, Trading to Begin Tonight
According to an official announcement, Binance Launchpad opened the subscription channel for the Space ID project at 14:00. This Launchpad uses a contribution model based on users' average BNB holdings over the past five days.
The contribution period lasts for 3 hours. After the contribution ends, Binance Innovation Zone will list Space ID (ID) at 20:00 on March 22, and open trading markets for ID/BTC, ID/USDT, and ID/BNB. (Source link)
7. Cathie Wood's Ark ETF Sells $13.5 Million in Coinbase Stock
Cathie Wood's ARK Fintech Innovation ETF sold approximately 160,000 shares of Coinbase, valued at $13.5 million. This is the first significant sale of the company's stock since July of last year. (Source link)
8. Digital Identity Ecosystem Aspecta Completes $3.5 Million Seed Round Financing and Announces Global Public Testing Plan for Aspecta ID
According to an exclusive report by TechCrunch, AI-driven digital identity ecosystem Aspecta announced a $3.5 million seed round financing and unveiled its global public testing plan for its flagship product, Aspecta ID.
It is reported that Aspecta's seed round financing consists of two phases. Phase A was completed in April 2022, with participation from ZhenFund, Qiji Chuangtan (formerly YC China), UpHonest Capital, Yale Alumni Fund, and others. Phase B was completed in November 2022, with participation from HashKey Capital, Foresight Ventures, SNZ Holding, Infinity Ventures Crypto, and others, raising a total of $3.5 million.
Additionally, Aspecta has received strategic investments and donation support from projects and ecosystems such as Galxe, Mask Network, DoraHacks, CyberConnect, and P12. (Source link)
9. Crypto Infrastructure Turnkey Completes $7.5 Million Seed Round Financing, Backed by Sequoia Capital and Coinbase
Crypto infrastructure Turnkey has completed $7.5 million in seed round financing, with participation from Sequoia Capital, Variant, and Coinbase.
It is reported that Turnkey was founded by a team of former Coinbase Custody executives to provide infrastructure for the crypto industry, which experiences trillions of on-chain transactions. Its goal is to become the preferred tool for developers, allowing users to "generate hundreds of wallets and sign thousands of transactions on any chain." (Source link)
"What Great Articles Are Worth Reading in the Last 24 Hours"
1. "A Comprehensive Analysis of Bitcoin Ordinals"
What is the principle behind Ordinals, and why can it create NFTs on the "ancient" Bitcoin chain? Do NFTs on the Bitcoin chain have participatory value, and how can one participate? Recently, the release of the Ordinals protocol has made it possible for people to create NFTs on the Bitcoin chain. This article provides an in-depth analysis of these questions and points out that Ordinals NFTs on Bitcoin will open up a new narrative, and the growth and development directions of various market players are intriguing.
2. "Arbitrum Airdrop Competition: What Opportunities Are Left for Investors"
Recently, the traditional financial market has been in crisis, but the crypto market has emerged from panic with a small bullish trend. Besides the Bitcoin ecosystem, one of the leaders in Ethereum Layer 2, Arbitrum, recently announced its airdrop rules, sparking high trading enthusiasm in the market. Every round of major project airdrops creates wealth for a group of people. Did you receive an airdrop? What is the future valuation of Arbitrum token ARB? Which projects in the Arbitrum ecosystem are worth paying attention to? If you missed this airdrop, how can you seize the opportunity next time? This article will explore these questions one by one.
There are many task platforms in the market today, and ordinary users need to evaluate each platform before choosing to participate deeply. Is the platform safe enough? Does the platform have a complete ecosystem? After experiencing numerous task platforms recently, the author has compiled a list of the six leading platforms: RabbitHole, Crew3, TaskOn, Quest3, Port3, and Galxe, along with corresponding analysis and insights.
