Evening News | Twitter web version logo changed to Dogecoin icon; Saudi sovereign fund Sanabil discloses multiple investments in the Web3 sector
The Arbitrum AIP-1 proposal was not approved, with 76.67% of votes against; four scaling teams discussed Ethereum frontier technologies such as EOF, 4844, modularity, and decentralized Sequencer.整理：饼干，ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Twitter's Web Logo Changed to Dogecoin Logo, DOGE Rises Over 24% in 24 Hours
The Twitter web logo was changed to a DOGE emoji around 2:04 today. Additionally, Musk posted an image containing the DOGE emoji and the Twitter blue bird logo at 2:50 today. According to OKX market data, DOGE has risen over 24% in the last 24 hours.
Data monitored by JieData shows that the 13th largest DOGE holding address has been accumulating coins since the price low in June 2022, with significant purchases in July and August last year. Currently, this address holds 1.86 billion DOGE (approximately $176 million), with a current profit of $44.63 million. (Source link)
2. Zhao Changpeng: Recent FUD May Be Sponsored by Other Exchanges, Harmful to the Crypto Industry and Themselves
In response to rumors on Twitter about "Interpol issuing a red notice for Zhao Changpeng," a Binance spokesperson stated in an email that "this rumor is not true."
Binance CEO Zhao Changpeng tweeted, "The latest FUD is only spread by crypto news media and KOLs, possibly implanted/sponsored by another exchange. Very petty, harming the industry and themselves. There are enough external forces attacking us, and our industry needs to unite at this critical moment." (Source link)
3. Arbitrum AIP-1 Proposal Not Passed, Opposition Vote Reaches 76.67%
According to Snapshot data, the Arbitrum Improvement Proposal (AIP-1) initiated by the Arbitrum Foundation was not passed, with an opposition vote ratio of 76.67%.
Previous reports indicated that the Arbitrum Foundation plans to break down the AIP-1 proposal into a series of separate proposals for voting and has committed to revising each part of the proposal this week. It is reported that the allocation of 750 million ARB tokens may be voted on separately, along with providing background information on how to use the funds for the "ecosystem development fund" and a "transparency report" on the foundation's budget. (Source link)
4. Euler Finance Attacker Has Returned All Stolen Funds
DeFi lending protocol Euler Finance tweeted that after successful negotiations, all recoverable funds stolen from the protocol on March 13 have now been successfully returned by the attacker. "Because the attacker did the right thing and returned the funds, the foundation's $1 million bounty campaign will no longer accept new information," with details to be released tomorrow.
Previous reports indicated that security company BlockSec released data on social media stating that Euler Finance suffered approximately $197 million in losses during this hacker flash loan attack. (Source link)
5. U.S. Justice Department Announces Seizure of Over $112 Million Related to Cryptocurrency Investment Fraud
The U.S. Department of Justice (DOJ) announced that it has seized digital assets worth $112 million related to cryptocurrency investment fraud. Additionally, judges in the Arizona, Central California, and Idaho districts authorized the seizure of six virtual currency accounts.
According to court documents, these virtual currency accounts were allegedly used to launder proceeds from various cryptocurrency scams. In these related scams, perpetrators gradually gained the trust of victims through social networks, dating sites, phone calls, and text messages. Ultimately, the criminals persuaded them to invest in fake cryptocurrency platforms, then transferred the stolen funds to their own addresses.
The U.S. Justice Department pointed out that in 2022, among all scams reported to the FBI's Internet Crime Complaint Center (IC3), investment fraud caused the highest losses, totaling $3.31 billion. Fraud involving cryptocurrencies (including pig butchering scams) accounted for the majority of these scams, with reported losses growing 183% from 2021 to last year, reaching $2.57 billion. (Source link)
6. Court Documents: Voyager and Binance.US Deal Must Be Resolved by April 13
According to CoinDesk, a court document states that if the legal objections raised by the U.S. government are not resolved by April 13, Voyager and its creditors will lose $100 million. Documents submitted by Voyager's creditors state that completing the plan before April 13 is necessary to protect the interests of creditors.
Additionally, according to the transaction terms initially signed in December and approved by bankruptcy judge Michael Wiles in March, if the agreement is not completed within four months, Binance.US can withdraw from the deal. (Source link)
7. a16z Crypto Appoints Former Google Executive as Operating Partner
Former Google executive Jason Rosenthal has been appointed as the operating partner of a16z crypto, leading its portfolio business. It is reported that Jason Rosenthal has over 25 years of experience as an internet entrepreneur and executive, including more than a decade as a startup CEO, recently overseeing most of Google's consumer subscription services.
Furthermore, Jason Rosenthal has a long-standing connection with a16z, having worked as a project manager at Netscape after training in the 1990s. Shortly thereafter, Rosenthal was hired by Horowitz and Marc Andreessen as the first employee of Loudcloud. Subsequently, Rosenthal also served as CEO of Ning and Lytro. (Source link)
8. Saudi Sovereign Fund Sanabil Discloses Multiple Investments in the Web3 Space, Including a16z, Polychain, KKR, and Others
According to The Information, Sanabil, the venture capital arm of Saudi Arabia's Public Investment Fund, has listed investments in companies such as Andreessen Horowitz (a16z), Coatue Management, KKR, and Valar Ventures, but has not disclosed specific investment details for each fund.
Reportedly, the blockchain-related funds listed by Sanabil include: a16z, Polychain Capital, Griffin Gaming Partners, 500 Startups, 9Yards, B Capital, Collaborative Fund, Costanoa, Craft Ventures, Dragoneer, Greenoaks Capital, Human Capital, ICONIQ Capital, Insight Partners, KKR, Legend Capital, Race Capital, Soma Capital, TCV, Techstars, Third Point Venture, Uncorrelated, Valar Ventures, Valor Equity Partners, and Village Global. (Source link)
9. Bitget Exchange Receives $10 Million Strategic Investment from Dragonfly
Dragonfly has made a strategic investment of $10 million in Bitget. This investment will support Bitget's global expansion and product line extension, as well as promote more public education initiatives related to cryptocurrency assets.
According to ChainCatcher's previous report, in late March, Bitget announced an additional investment of $30 million to acquire a controlling stake in the crypto wallet BitKeep, which was later renamed Bitget Wallet. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
What problems will the centralized sequencer of Arbitrum create? At the "Ethereum Shanghai Upgrade Summit," we invited four completely different scaling solution teams from the Ethereum ecosystem to discuss Ethereum's cutting-edge technology, particularly EOF and EIP-4844, which may be included in the next upgrade (Cancun). Additionally, the narratives around decentralized sequencers and modular blockchains are new directions of interest for researchers.
This tweet discusses the game of Arbitrum's airdrop and decentralization, as Arbitrum recently found itself in an awkward position due to public governance events. Some say the community "has the right" to receive "free funds" from the airdrop. This indicates that they do not fully understand this game. Please seriously consider this question: where do you think this money, seemingly printed out of thin air, actually comes from?
3. "A Visual Review of Musk's Public Endorsements of Dogecoin"
In the early hours of April 4, 2023, the official homepage button for Twitter web users was no longer the previous blue bird Twitter logo, but a cartoon avatar of a Shiba Inu. Musk posted an image containing the Dogecoin emoji and the Twitter blue bird logo. DOGE rose from $0.077 to $0.102. DOGE seems to have become Musk's cash machine; whenever he needs money or Tesla incurs losses, he calls out for DOGE.
4. "Messari: In-Depth Analysis of Polkadot's Opportunities and Challenges"
Entering 2023, Polkadot has the second-largest developer community in the crypto asset space. With the upcoming launch of OpenGov, parallel threads, XCM V3, asynchronous support, and the continuous advancement of WASM smart contracts, a foundation for future innovation has been laid.
