Daily Report | Ethereum dynamic storage expansion project EthStorage completes $7 million financing with a valuation of $100 million; U.S. presidential candidate Robert F. Kennedy Jr. confirms he has purchased 14 bitcoins
Chengdu provides special subsidies for the blockchain and big data industries, with a maximum one-time subsidy of 2 million yuan; Paradigm may have sold all MKR, realizing a profit of 17.16 million dollars.Organizer: Grapefruit, ChainCatcher
"What important events have occurred in the past 24 hours?"
1. Chengdu provides special subsidies for blockchain and big data industries, with a maximum one-time subsidy of 2 million yuan
According to ChainCatcher, as reported by Chengdu Daily, the "Implementation Details of Chengdu's National Blockchain Innovation Application Comprehensive Pilot Special Policy" and the "Implementation Details of Chengdu's Special Policy for Promoting the Development of the Big Data Industry (Revised)" have been recently released to support the development of related industries.
In terms of supporting blockchain infrastructure construction, a one-time subsidy of up to 1 million yuan will be granted to enterprises or institutions participating in national and provincial blockchain infrastructure construction, based on 20% of their investment costs; for enterprises or institutions that lead the establishment of blockchain operation centers and actually carry out business, a subsidy of up to 500,000 yuan will be granted annually for the first two years, based on 20% of their actual operating costs.
In deepening blockchain scenario applications, enterprises are encouraged to carry out application demonstrations around the key tasks of the "Chengdu National Blockchain Innovation Application Comprehensive Pilot." For projects that participate in and complete the established pilot goals, a one-time subsidy of up to 1 million yuan will be granted based on 20% of the project's construction costs.
In promoting high-quality industrial development, a one-time subsidy of up to 2 million yuan will be granted to those who establish blockchain technology evaluation institutions, obtain provincial-level or higher qualification certification, and provide services externally, based on 20% of their actual investment costs. Enterprises expanding into external markets will receive one-time rewards of 100,000 yuan, 300,000 yuan, 500,000 yuan, and 1 million yuan for their annual blockchain business sales revenue exceeding 50 million yuan, 100 million yuan, 500 million yuan, and 1 billion yuan, respectively.
In creating a favorable development ecosystem, enterprises or institutions leading the formulation of international, national, industry, and group blockchain standards will receive one-time rewards of 1 million yuan, 500,000 yuan, 300,000 yuan, and 100,000 yuan, respectively. (Source link)
2. Data: Paradigm may have sold all MKR, realizing a profit of 17.16 million USD
According to ChainCatcher, monitoring by Spot On Chain shows that Paradigm deposited 3,000 MKR (worth 3.56 million USD) into Coinbase at an average price of 1,187 USD six hours ago. Paradigm may have sold all MKR and realized a profit of approximately 17.16 million USD (return rate +78%).
According to Spot On Chain's analysis, Paradigm's total investment cost in MKR was 22.05 million USD, including:
- Buying 1,000 MKR for 500 USD from Bitfinex in February 2019;
- Purchasing 35,908 MKR for 500 USD in a private placement in 2019;
- Using 3.6 million DAI to purchase 14,272 MKR in an auction in March 2020.
Paradigm's total sales of MKR amounted to 39.21 million USD, including:
- Depositing 4,800 MKR into Coinbase at an average price of 740 USD on March 16;
- Depositing 3,000 MKR into Coinbase at 1,187 USD six hours ago. (Source link)
3. U.S. presidential candidate Robert F. Kennedy Jr. confirms he has purchased 14 bitcoins
According to ChainCatcher, as reported by CoinDesk, U.S. Democratic presidential candidate Robert F. Kennedy Jr. confirmed on Twitter Spaces on Wednesday that he indeed holds bitcoin. Robert F. Kennedy Jr. stated: After the Bitcoin conference in May, I decided to take action and bought two bitcoins for each of my seven children. At a price of 29,500 USD per bitcoin, these 14 bitcoins are currently worth about 414,000 USD.
Previous report mentioned that Robert F. Kennedy Jr. stated he would eliminate the capital gains tax on converting BTC to USD if elected president.
4. Ethereum dynamic storage expansion project EthStorage completes 7 million USD financing at a valuation of 100 million USD
According to ChainCatcher, the Ethereum Layer 2 network data storage solution project EthStorage has completed a seed round financing of 7 million USD at a valuation of 100 million USD. This round of financing was led by dao5, with participation from SevenX Ventures, Foresight Ventures, DragonRoark, Yunjiu Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W3.Hitchhiker, and other angel investors.
EthStorage provides a programmable dynamic data storage Layer 2 solution based on Ethereum's data availability technology. The team has received funding from the Ethereum Foundation's Ecosystem Support Program (ESP) twice, for research on data availability sampling and Layer 2 network dynamic data storage proofs. It also won first place in the Super Demo event at the Ethereum Developer Conference (EDCON) held in Montenegro in 2023. All financing funds will be used to expand the team, support research, develop products, enhance branding, and attract more ecosystem partners to use EthStorage.
5. Aethir completes 9 million USD Pre-A round financing at a valuation of 150 million USD to build a global decentralized GPU cloud infrastructure
According to ChainCatcher, decentralized GPU infrastructure Aethir announced today the completion of a Pre-A round financing at a valuation of 150 million USD, raising 9 million USD. This funding will be used to boost Aethir's global business expansion in Southeast Asia, Latin America, and North America, as well as to strengthen technological research and application innovation support.
It is reported that this round of financing follows a seed round led by Framework Ventures and Infinity Ventures Crypto, with participation from investors such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX, and support from institutions like Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Lapin Digital, Tess Ventures, and Maelstrom (Arthur Hayes).
Aethir, founded in 2021 and headquartered in Singapore, is a decentralized network infrastructure project (Depin) aimed at building a globally scalable GPU cloud infrastructure in a decentralized manner. (Source link)
"What interesting articles are worth reading in the past 24 hours?"
1. "Coinbase may become the biggest winner behind the Bitcoin ETF race, why?"
All five spot ETF Bitcoin applicants collaborating with the Chicago Exchange—Fidelity, VanEck, 21Shares under Ark Invest, Valkyrie, and Invesco—have submitted revised applications and designated Coinbase as their partner.
We took some time to review the countless conversations that took place during EthCC 2023 and summarized some key thoughts and takeaways.
With the Dencun upgrade approaching, the Ethereum community is preparing for a hard fork that will ultimately introduce a large-scale scalability upgrade in EIP4844 (also known as Protodanksharding), providing Ethereum's Rollup with a cheaper form of block space on L1, referred to as "blobspace." This long-awaited upgrade makes these L2s finally the most scalable versions.
This upgrade marks a moment in the development of cryptocurrency, as we are approaching the theoretical minimum cost of resources in the crypto economy. Not only Ethereum, but many different protocols seem to be nearing their final forms, having minimized the cost of accessing optimized resources.
Currently, the practical utility of launching a token for us is very limited. I have no announcements to make at this time, and while I understand your audience may be interested in tokens, I can confirm that there are currently no plans to release such an announcement.
