Daily Report ｜Reuters: SBF will appear in court for a hearing on potential conflicts of interest with his new lawyer; Web3 AI algorithm trading company Tide Groups invests in Meson Network, with this round valued at $1 billion
Binance Launchpool launches Portal (PORTAL), allowing mining by staking BNB and FDUSD; OKX will launch Smart Layer Network (SLN).Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Reuters: SBF to Appear in Court for Hearing on Potential Conflict of Interest of New Lawyer
According to ChainCatcher, Sam Bankman-Fried (SBF), the founder of the bankrupt crypto exchange FTX, will appear in court again this Wednesday. This will be his first court appearance since being convicted of fraud in November. The Manhattan court will hold a hearing regarding potential conflicts of interest involving his new lawyer.
It is reported that in January of this year, SBF hired defense attorney Marc Mukasey, who also represents Alex Mashinsky, the founder of the bankrupt cryptocurrency lending institution Celsius Networks. In a court document dated February 6, prosecutors in the Bankman-Fried case indicated that Mukasey and his partner Torrey Young may have a conflict of interest because Bankman-Fried's Alameda Research hedge fund used stolen FTX customer funds to repay money borrowed from Celsius. (Source link)
2. Binance Launchpool Launches Portal (PORTAL), Mining by Staking BNB and FDUSD
According to ChainCatcher, Binance announced that the new coin mining project Portal (PORTAL) is now live as the 47th project on Binance's new coin mining platform. This project is a cross-chain gaming platform aimed at bringing more players into the Web3.0 world.
Users can stake BNB and FDUSD in the PORTAL mining pool on the Launchpad website starting from 08:00 (UTC+8) on February 22, 2024, to earn PORTAL rewards. The mining period will last for a total of 7 days. The website is expected to be updated approximately five hours before the mining activity opens. (Source link)
3. Web3 AI Algorithm Trading Company Tide Groups Invests in Meson Network, Valuation at $1 Billion
According to ChainCatcher, Web3 AI algorithm trading company Tide Groups has invested in Meson Network, with this round valuing the company at $1 billion. This investment will further enhance Meson Network's global DePIN network across more than 150 countries.
Tide Groups stated that Meson Network's strategy of building the largest network aligns with the core of big data and AI, which is consistent with Tide's goals. (Source link)
4. OKX to List Smart Layer Network (SLN)
According to ChainCatcher, OKX announced that it will list Smart Layer Network (SLN) on the spot trading market. SLN deposits will open at 04:00 UTC on February 21, 2024. SLN/USDT spot trading will open at 08:00 UTC on February 23, 2024. The total supply of SLN is 100 million. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. “Endgame Interpretation | Ethereum is Winning”
Why is blockchain valuable? This is a question that all crypto asset investors have asked at some point. The commonly accepted answer in the crypto industry is: because of decentralization. I believe this answer is correct, but when we talk about "decentralization," what exactly are we talking about?
2. “Beyond the Lightning Network: Exploring Bitcoin's Second Layer”
In the crypto space, the Bitcoin network stands out in terms of value, security, and decentralization. As of February 2024, this pioneering blockchain has a market value exceeding one trillion dollars, demonstrating its enduring appeal and robustness.
3. “Technical Analysis of API3: Another Dark Horse in the Oracle Race?”
When it comes to the oracle space, people naturally think of @chainlink, but with the rise of new performance public chains and the emergence of various lightweight projects, the oracle space has started to become competitive.
Recently, there have been voices in the market suggesting that @API3DAO could kill Chainlink. What exactly does API3 do? Will OEV Network really trace back the MEV oracle market? Next, I will share my understanding from both an educational and competitive business perspective.
