Daily Report | U.S. presidential candidate Robert F. Kennedy Jr.: If elected, he will eliminate capital gains tax on BTC exchanges for USD; Telegram raises $210 million through bond issuance, with investments from founder Pavel Durov and others

"What Important Events Happened in the Last 24 Hours"

1. Crypto VC Polychain Capital Announces It Has Raised Approximately $200 Million for Its Fourth Fund, Completing Half of Its Total Fundraising Goal

According to Fortune, the venture capital firm Polychain Capital has raised approximately $200 million for its fourth fund, while laying off three members of its research team under a new investment focus. The company still plans to raise a total of about $400 million for the fourth fund.

According to data from Pitchbook, Polychain has raised three funds with a total asset management scale of approximately $2.6 billion. (Source Link)

2. Telegram Raises $210 Million Through Bond Issuance, with Investments from Founder Pavel Durov and Others

According to TechCrunch, Telegram has raised $210 million through bond issuance, with the founder and several well-known funds purchasing these bonds, although the specific names of the funds were not disclosed. Founder and CEO Pavel Durov stated that he purchased about a quarter of the bonds. Currently, Telegram is not yet profitable, and the new funding aims to bring it closer to breaking even, having spent hundreds of millions of dollars over the past decade to keep the app running.

Currently, Telegram has over 800 million users monthly, having added more than 300 million users in the past two and a half years, attracting 2.5 million new registered users daily. (Source Link)

3. U.S. Presidential Candidate Robert F. Kennedy Jr.: If Elected, He Will Exempt Capital Gains Tax on BTC to USD Exchanges

U.S. presidential candidate Robert F. Kennedy Jr. stated that if elected, he would exempt capital gains tax on BTC to USD exchanges.

Previously, U.S. presidential candidate Robert F. Kennedy Jr. tweeted, "If I become president, I will ensure that your right to use and hold Bitcoin is not infringed. Bitcoin is not only a bulwark against tyranny and manipulation of the money supply, but it also points the way to a more transparent and democratic future for government agencies." (Source Link)

4. Polygon Plans to Update Governance Model in Polygon 2.0, Introducing an "Ecosystem Council"

The Polygon team announced plans to create a new governance framework aimed at achieving more decentralized control over its ecosystem. The Polygon team stated that the new governance model will form "three major governance pillars," focusing on core protocol governance, smart contract governance, and community treasury governance. Other key features include the expansion of the Polygon Improvement Proposal (PIP) framework, the introduction of an "Ecosystem Council" for system smart contract upgrades, and community treasury governance to fund promising ecosystem projects. The Polygon team stated that it is inviting stakeholders, including validators, DApp developers, and users, to participate in the development of its governance framework. (Source Link)

5. StarkWare Co-Founder: Starknet Will Launch Starknet Application Chain

StarkWare co-founder Eli Ben-Sasson announced at the EthCC[6] conference in Paris that Starknet is about to launch Starknet Application Chains (Appchains). The Starknet stack includes Starknet Application Chains (Full Appchain as A Service) and StarkWare support, allowing Starknet Appchains to be launched by applications using the Starknet stack, featuring customizability and decentralization.

Ben-Sasson also stated, "Our main goals are to develop and decentralize, community and culture, governance and delivery, while the Starknet Foundation focuses on developer evangelism, ecosystem development, developer relations, product and research, branding and events, business development, and policy." (Source Link)

6. Dragonfly Capital Unlocks 37.5 Million 1INCH Tokens Deposited in Coinbase and OKX

Lookonchain monitoring shows that Dragonfly Capital, as one of the seed investors in 1INCH, received 37.5 million 1INCH tokens (worth approximately $14 million) from the 1inch DAO Vesting and transferred them to address "0x340e," subsequently depositing them in Coinbase and OKX.

Additionally, Dragonfly Capital transferred 500,000 1INCH tokens (worth approximately $1.3 million) to a Genesis Trading OTC address on January 2, 2022, when the price of 1INCH was $2.6. (Source Link)

7. Co-Founder Do Kwon Remains Imprisoned, Terraform Labs Appoints Chris Amani as New Interim CEO

Terraform Labs has appointed Chris Amani as the new CEO to manage the crypto company, while its co-founder Do Kwon faces fraud charges related to the collapse of TerraUSD and Luna cryptocurrencies worth $40 billion and is currently imprisoned in a Montenegrin prison, still participating remotely in company affairs during his incarceration.

According to Terraform Labs, interim CEO Chris Amani, who previously served as the company's COO and CFO, stated that the company currently has about 40 employees, of which about 15 worked at Terraform Labs before the TerraUSD and Luna events in May 2022. Amani stated, "Terraform is continuing its efforts to revive the Terra blockchain that underpinned the failed cryptocurrencies. The company will develop applications that provide 'real utility' and will no longer launch new stablecoins, sharing more details of its plans in the coming months." (Source Link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. Vitalik EthCC Speech Summary: Account Abstraction Makes Managing Crypto Wallets as Easy as Email

Vitalik described account abstraction as allowing Ethereum accounts to be controlled by smart contract code instead of private keys.

His vision is that in the future, everyone will switch from current EOA wallets to smart contract-based wallets. If successful, managing crypto wallets will become as simple as managing email accounts.

2. How to Build a "Decentralized Binance": The Most Detailed Overview of Trading Infrastructure on the Internet

With increasing regulatory pressure, there is a growing call for a "decentralized Binance" that can provide a user experience similar to centralized exchanges without the need for fund custody. So how can we build a "decentralized Binance"? Let's explore together.

3. Interview with Kyros Ventures Co-Founder and CEO: Axie Remains the Most Respected Web3 Builder in Vietnam

As a gateway for international crypto projects entering the Vietnamese market, what unique advantages does Kyros Ventures, born from crypto media and thriving in venture capital, possess? What considerations lie behind its investment strategy focused on gaming projects while also paying attention to DeFi and infrastructure? How does the Vietnamese crypto market, centered around gaming guilds and the GameFi ecosystem, respond to the current bear market? ChainCatcher invited Kyros Ventures co-founder and CEO Zane (Thuat Nguyen) to discuss these topics.