Crypto Evening Briefing: Crypto Regulation by Enforcement Is ‘Really, Really Bad,’ Says Binance CEO
Binance CEO Changpeng Zhao has said that regulation, rather than lack of clarity, is a better option for the crypto industry. However, he added that regulation by enforcement is bad.
Layer-1 Blockchain Sei Labs Announces $50 Million Investment From Bitget and Foresight Ventures
Sei Labs, a blockchain start-up, is building a new layer-1 blockchain for trading, which is set to launch later this year. The company has raised $50m for its ecosystem fund, bringing its valuation to $800m. The investment was made by crypto exchange Bitget and venture firm Foresight. Sei's founder, Jayendra Jog, said that the company's value proposition is its exchange infrastructure, focusing on speed and the number of orders that can be processed per second. Sei aims to launch its mainnet around the end of June and has over 120 projects building on it ahead of the launch. Despite the recent popularity of layer-2 solutions built on top of existing blockchains like Ethereum, Sei decided to build a new blockchain because it believes layer-2s will not develop quickly enough to support sufficient transaction speed.
Crypto Evening Briefing: S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
Bitget Launches $100M Web3 Fund to Support Next-Generation Crypto Projects in Asia
Bitget, a top crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million.
Bitget Features GoSleep (ZZZ) on Launchpad and Introduces Sunshine Pool
Crypto derivatives exchange and copy trading platform Bitget has announced a new round of launchpad listing featuring GoSleep (ZZZ), the leading Web3 sleep and healthy living reward app on Arbitrum.
Bitget Features GoSleep (ZZZ) on Launchpad and Introduces Sunshine Pool
Bitget, a leading crypto derivatives exchange and copy trading platform, has announced a new round of launchpad listing featuring GoSleep (ZZZ), a Web3 sleep and healthy living reward app on Arbitrum. Bitget's Launchpad has launched eight early-stage projects with a price increase of up to 14950% in the first week of their listing. GoSleep aims to motivate users to pursue a healthy lifestyle by providing them with sleep tracking tools and personalized advice on sleep patterns. Bitget users who sign up for the launchpad and make a minimum deposit of 300 USDT within the deposit period from Apr 10 to 17 will be eligible for allocation of tickets on Launchpad. The final allocation will be decided based on the user's net deposit proportion of net deposit from all participating users. Users who get less than 1 ticket allocated can grab a share of the sunshine pool with 200,000 ZZZ tokens instead.
Crypto Evening Briefing: Saudi Arabia’s $620B Wealth Fund Has Backed Crypto-Friendly VCs
Saudi Arabian wealth fund Sanabil now discloses its investments across the venture capital space, and many of them are into crypto.
Dragonfly Capital Invests $10 Million in Crypto Derivatives Exchange Bitget
Dragonfly Capital has invested $10 million in Bitget, a fast-growing crypto derivatives exchange. Bitget recently acquired crypto wallet BitKeep and had eight million users prior to the deal.
Japan’s FSA Claims Bitget and Other Exchanges Are Not Registered in the Country
Japan's Financial Services Agency (FSA) has issued a warning letter to four leading cryptocurrency platforms, including Bitget, Bybit, MEXC Global, and BitForex, for failing to receive proper registration.
BitKeep Wallet Hits 10 Million Users Driven by Successful Arbitrum Airdrop
BitKeep Wallet, a decentralized multichain digital wallet solution, has announced that it has surpassed 10 million users as of April, with over 560,000 new users onboarded in March alone. The surge in users can be attributed to successful campaigns with popular blockchains like Arbitrum and Sui. BitKeep has also received a $30 million investment from cryptocurrency derivatives exchange Bitget, leading to the rebranding of BitKeep as Bitget Wallet while it continues to function as an independent entity. BitKeep plans to expand its Swap function, introduce new cross-chain support, decentralized exchange aggregation support, and enhance its range of products. In March, the recent Arbitrum airdrop attracted significant attention, with some users accumulating large amounts of ARB tokens.
