ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, Manta Network co-founder Victor shared a keynote speech on "The First Layer2 Adopting MultiDA."Victor stated that in terms of community incentives, Manta's Gas Gain profit rebate program converts 50% of the Gas profits on the Manta Pacific chain into MANTA tokens to reward users. Additionally, the Manta Foundation has committed to distributing 10 million MANTA as extra rewards over the next four years, with more for the top 400 ranked users on the network.Furthermore, the Manta CeDeFi product serves as a bridge between DeFi and CeFi, aggregating multiple yield strategies from RWA, on-chain, and CEX, allowing users to enjoy diversified returns from both CeFi and DeFi by simply depositing BTC, ETH, or stablecoins.Victor revealed that the $50 million ecological fund established by the Manta Foundation has supported around 16 projects, including KiloEx, in just two months.The Manta community team places great emphasis on global expansion, especially in emerging markets in Southeast Asia. He is a founder who truly lives in Southeast Asian countries to support local community development.Video live stream link:https://www.youtube.com/live/tTVcUPumPysImage live stream link:https://www.pailixiang.com/album_ia7637038926.html

ChainCatcher news, according to Cointelegraph, the Hedera-based Web3 music platform Tune.FM has completed a $50 million financing round, with participation from Global Emerging Markets.This new investment will be used to provide liquidity for the protocol's JAM token, which is used on the platform to reward artists and users. Previous investors in Tune.fm include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, the HBAR Foundation, and GDA Capital.The platform offers a music streaming service integrated with an NFT marketplace. Artists can earn micropayments for every second of music played, while users can earn tokens by discovering and listening to newly promoted songs.

ChainCatcher news, according to Bloomberg, Tether Holdings Ltd. CEO Paolo Ardoino revealed that its investment division expects to invest over $1 billion in trading over the next 12 months. Ardoino stated in an interview that Tether Investments currently has 15 employees who evaluate up to hundreds of projects each month, most of which come directly from startups. Tether focuses on alternative financial infrastructure, artificial intelligence, and biotechnology in emerging markets, and over the past two years, Tether has invested approximately $2 billion in these areas.Ardoino indicated that while Tether plans to maintain 100% reserves and additionally extract a 6% buffer from profits to ensure smooth redemptions of USDT, Tether expects to allocate a portion of the remaining profits to trading.

ChainCatcher news, Tether CEO Paolo Ardoino stated on social media that the current issuance of USDT has reached 107.3 billion, making it the most commonly used digital dollar in many emerging markets. Hundreds of millions of people living in countries with rapidly depreciating local currencies use it as a checking account and savings account. Most people in this group do not have bank accounts because they are too poor to attract the interest of the banking industry. This is the real-world use case for stablecoins.He mentioned that the wealthy use stablecoins in complex ways to purchase a bunch of securities, which is completely on a different level from the aforementioned use case. In this scenario, USDT is merely a toy for the rich, who can easily send wire transfers from one of their 15 bank accounts or show off to their friends how cool they are before the next golf tournament.

ChainCatcher news, Tether advisor Gabor Gurbacs posted on the X platform that the largest intergenerational wealth transfer ($68 trillion) is underway, with the Baby Boomer generation expected to transfer $68 trillion to Generation X, Millennials, and Generation Z. The younger generations believe in themes such as Bitcoin, video games, and digital assets.Bitcoin and digital assets are poised to be potential drivers of prosperity in emerging markets and the rise of the middle class. It is expected that 88% of the 1 billion people entering the middle class in the future will be in Asia, followed by South America and Africa, as the middle class in emerging markets is on the rise.

ChainCatcher news, according to The Block, as the market rebounds, several crypto companies including Coinbase and Immutable have chosen to expand their executive teams in March this year. Additionally, due to regulatory uncertainty in the United States, some crypto companies are shifting their focus to markets outside the U.S. to seek growth.Among them:Coinbase hired former Shopify executive Lucas Matheson as the National Director for Canada;Zero Hash hired former Gemini executive Araba Eshun as the UK Compliance Officer and International Compliance Vice President;Avalanche developer Ava Labs hired former banker Justin Kim and serial entrepreneur Roi Hirata as the heads of business for South Korea and Japan, respectively. (source link)