Daily Report ｜Cryptocurrency payment company Baanx completes $20 million Series A funding, with participation from Ledger and others; Data: Tether blacklists 4 addresses, total balance exceeds 21.22 million USDT
BONK is now available for trading on Robinhood Crypto in certain EU jurisdictions; Wall Street's biggest bull: Bitcoin is expected to reach $150,000 by the end of the year.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Crypto payment company Baanx completes $20 million Series A funding, with participation from Ledger and others
According to ChainCatcher and a report from CoinDesk, crypto payment company Baanx announced the completion of a $20 million Series A funding round, which included investments from Ledger, Tezos, Chiron, and a UK commercial bank, bringing the company's total funding to over $30 million.
It is reported that Baanx is a cryptocurrency payment company authorized by the UK's Financial Conduct Authority (FCA), operating the Ledger card product, which recently signed a three-year partnership with Mastercard in the UK and Europe. Baanx Chief Business Officer Simon Jones stated, "Over the past 12 months, we have been building a range of non-custodial on-chain products, creating a new type of crypto payment. We want to empower the next generation of crypto payments by allowing users to have complete control over their funds while enabling real-world spending." (Source link)
2. BONK now available for trading on Robinhood Crypto in certain EU jurisdictions
ChainCatcher reports that Robinhood Crypto EU announced on X that BONK is now available for trading on Robinhood Crypto in certain EU jurisdictions.
According to OKX data, BONK is currently priced at $0.000037, having briefly risen by 8%. (Source link)
3. Data: Tether blacklists 4 addresses with a total balance exceeding 21.22 million USDT
ChainCatcher reports that according to PeckShield monitoring, Tether has blacklisted the following addresses:
0x44c9503188827034377353a9f6d876eea15933c9 (balance: 20.01 million USDT);
0xc20dcb6c4fec2516e21cf52648177721e2744988 (balance: 500,000 USDT);
0xc0c9baf6bb9b932eef4a60267aa8c530af5cb62c (balance: 500,000 USDT);
0xf2c678b283b58ac43b9975d13ab3f7ce87422ce0 (balance: 217,120 USDT). (Source link)
4. Wall Street's biggest bull: Bitcoin expected to reach $150,000 by year-end
ChainCatcher reports that Bitcoin briefly surpassed $68,000 on Monday, nearing the nearly $69,000 historical peak set in November 2021. One of Wall Street's biggest bulls, former JPMorgan Chief Equity Strategist Tom Lee, stated in an interview that he believes Bitcoin's price will soon reach the long-term trend line of $82,000, with a potential to reach $150,000 by the end of 2024. He said, "I believe Bitcoin will return straight to its long-term trend line, potentially $82,000 in the short term and $150,000 by year-end." (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
In February 2024, BTC rose to $64,000, and the monthly increase of popular AI and Meme project tokens exceeded 400%, attracting significant market attention. Investment and financing data in the crypto sector once again reached impressive figures, with total financing amounting to $700 million and the number of financing deals exceeding 138, marking a new high in nearly 16 months and indicating a return of the investment and financing market to a bull market.
In this article, we will focus on specific financing data, active investors, trending projects, and more, presenting the changing trends in the crypto market.
2. “IOSG: Why DePIN Has the Potential to Solve GPU Availability Issues?”
The GPU shortage is a reality, with tight supply and demand requiring an incentive layer to promote participation in cloud computing, ultimately coordinating computing tasks for inference or training. The DePIN model is well-suited for this purpose.
In the past two months, the total value locked (TVL) on EigenLayer has increased from $1 billion on December 23 to $9.5 billion, with the TVL of liquid re-staked tokens (LRT) rising from $152 million at the beginning of the year to over $4 billion as of February 24, showing significant growth momentum in re-staking.
The community is particularly active, with expectations of potential airdrops through accumulating EigenLayer points and earning additional re-staking rewards with the same ETH.
In this article, we will review Ethereum staking and compare it with re-staking. We will explore case studies and explain some advantages and concerns related to re-staking for those looking to get a piece of the action.
