SHUI, a Conflux ecological liquidity staking protocol incubated by BlockBooster, announced the completion of seed round financing, led by BlockBooster with participation from Conflux Foundation. This investment will help the development of SHUI and further improve the Conflux ecological infrastructure. Since the mainnet launch on February 8th, the protocol's TVL has exceeded $2.5 million. SHUI is currently holding a CFX staking incentive activity, giving users the opportunity to win rewards worth approximately $5,000.

Conflux Network, the only regulatory compliant public blockchain in China, has played a pivotal role in the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD, built by local fintech company AnchorX. The stablecoin will be launched on Conflux Network initially, followed by Ethereum. AxHKD ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. The stablecoin has two primary applications: enhancing cross-border transactions between Hong Kong/mainland China and the global market, and acting as a reliable fiat-on-chain instrument for virtual asset trading.

Conflux announced its Bitcoin Layer 2 roadmap on its official website. According to the roadmap, its short-term goal is to establish a BTC staking mechanism and integrate basic functions of the Bitcoin protocol, such as Ordinals and Inscription. The medium-term goal is to enhance the network's capabilities to support more complex interactions with the Bitcoin blockchain, including advanced smart contract functionality and improved asset bridging. The long-term vision is to establish a fully interoperable ecosystem that seamlessly integrates with multiple blockchain networks, fostering a diverse and efficient decentralized environment.

According to MetaTrust Alert monitoring, the lending protocol Goledo Finance on CONFLUX chain was attacked, losing 7.9 million CFX, worth $1.7 million. The TVL of Goledo Finance protocol dropped sharply by $3 million to $230,000.

Conflux announced a strategic partnership with Asian emerging venture capital studio BlockBooster. The focus of this collaboration is to cultivate Web3 infrastructure, social and gaming projects, with the aim of identifying Web3 incubation opportunities within the Conflux ecosystem and jointly promoting significant activities for Conflux builders.

Conflux announced the launch of a Bitcoin Layer 2 solution compatible with EVM. At that time, Conflux will be able to seamlessly manage BTC and xRC20 tokens (such as BRC20 and ARC20) based on Bitcoin through smart contracts. Users can connect various asset types on the Bitcoin network or transfer assets to the Bitcoin chain.

Conflux announced on X that it has integrated IoTeX's W3stream to simplify the process of building DePIN.Through integration, Conflux developers can seamlessly connect dApps to real-world data, creating a world full of possibilities - from fitness applications to green energy and wireless 5G.By integrating with IoTeX's W3bstream and working with China Telecom to create blockchain SIM cards and World Mobile, the vision of reimagining real-world infrastructure with DePIN remains steadfastly aligned.IoTeX is a modular Web3 infrastructure platform that connects smart devices and real-world data to the blockchain.

According to official sources, Conflux has reached a strategic cooperation with ProtoFire, aimed at strengthening the Tree-Graph consensus mechanism. The Protofire team focuses on developing smart contracts, creating dApps and tools, integrating blockchain into Web3 and Web2 projects, and providing DevOps and auditing services to promote TVL growth for numerous protocols and networks at any stage of development.

The ShuttleFlow multichain protocol, operated by Conflux Foundation, will be shutting down after two years. However, the technology stack will be transferred to Zero Gravity, which will continue to develop the protocol under a new brand. User funds are secure and will be migrated to Zero Gravity, and users who have previously bridged through ShuttleFlow and claimed their assets do not need to take any additional actions for the migration. The ShuttleFlow dApp will remain partially operational until January 2024 to allow users to retrieve their assets, after which the website and servers will be permanently removed. Conflux Foundation had launched the Shuttleflow asset bridge in 2021 to onboard ecosystem users to decentralized finance.

Hong Kong-listed company Future Data Group Limited announced the signing of a strategic partnership memorandum with Conflux Network. Zhongfu Numerical Integration Technology Co., Ltd. will launch a comprehensive blockchain platform "FutureChain" based on Conflux Network's scalable technology. FutureChain aims to provide users with services such as NFT issuance, security protection, and cross-chain transfer protocol, helping artists, musicians, performers, creators, and enterprises create, issue, and track NFT works. Game developers can also use FutureChain to issue in-game digital items.