Decentralized digital asset management protocol L7 will be invited to attend the "TimeStamp Istanbul Investor Night."
The decentralized digital asset management protocol L7 will be invited to attend the "TimeStamp Istanbul Investor Night" event. "TimeStamp Istanbul Investor Night" is co-hosted by Cointime, in collaboration with the Global Web3 Association, CoinTR, ChainUp, CryptoFemale, SINOHOPE, ABCDE, and others. Participants of the event will delve into the development prospects of the blockchain industry in Istanbul, discuss local regulatory strategies, explore the implementation of more blockchain application scenarios, and seek opportunities for technical and business cooperation.
Xu Mingxing: I am very happy to see that the integration of CeFi and DeFi has become an industry trend
Xu Mingxing said in a post on X platform: "I am very happy to see the integration of CeFi and DeFi has become an industry trend. I have always believed that self-custody will be the trend of the future."
CFTC Pursues Record Number of Crypto Cases, Resulting in Over $4.3 Billion in Penalties and Restitution
The Commodity Futures Trading Commission (CFTC) has reported a record number of cases in the digital asset space, with 47 actions involving conduct related to digital asset commodities resulting in over $4.3 billion in penalties, restitution and disgorgement. The CFTC has cemented its reputation as a premier enforcement agency in the crypto space, according to its statement. The regulator has pursued some of the biggest actions in the space, including charges against collapsed digital asset exchange FTX, Binance and bankrupt crypto lender, and has also settled charges against a number of decentralized finance (DeFi) protocols.
Vietnamese Web3 Coalition Launches $25 Million Ecosystem Fund for Web3 Startups in Asia
Ninety Eight, a Vietnamese Web3 coalition and creator of the Coin98 DeFi ecosystem, has launched a $25 million ecosystem fund to support Web3 startups in Asia. The fund will offer financial and strategic assistance to selected startups, as well as access to the firm's Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security. The Ninety Eight Ecosystem Fund's native token, $C98, can be used for storing, sending, receiving, and managing crypto assets, as well as connecting to decentralized applications on over 40 blockchains. Arche Fund, a venture arm within the Ninety Eight ecosystem, will manage the fund and work closely with selected startups to maximize their potential.
Quasar Finance, the Cosmos ecological DeFi protocol, will launch its first round of airdrops for testnet participants at the end of this month
According to official sources, the airdrop proposal for Cosmos ecosystem DeFi protocol Quasar Finance has been approved. The first round of airdrops will be available to testnet participants and will begin in 22 days. Users can currently check their eligibility for the QSR airdrop on the corresponding page.
Previously in January, Quasar Finance completed a $5.4 million financing round with a $70 million valuation, led by Shima Capital and with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal.
In March, the Quasar Finance mainnet was launched.
Exactly community launches proposal to “compensate users affected by hacker attacks”
According to official sources, Exactly Community has proposed to compensate users affected by a hacker attack to resolve financial losses caused by a security vulnerability that occurred on August 18, 2023. The proposal states that 1 million EXA tokens will be distributed among 117 affected users. This distribution includes:
10% of the total supply of EXA tokens, which is about 20% of the EXA token supply specified by the community;
Unlocking: These tokens will be unlocked in June 2024 and will follow a linear unlocking plan for 48 months, similar to the new EXA token unlocking plan.
Hong Kong financial services platform Arta TechFin is developing regulated, interoperable fund tokens on the blockchain
Arta TechFin (Hong Kong Stock Exchange code: 0279), a financial services institution based in Hong Kong, is developing regulated and interoperable fund tokens on major blockchains. The company will partner with Chainlink Labs to use Chainlink services and provide fiat-based investment returns to Arta TechFin clients. All products and services will require approval from relevant regulatory authorities.
According to the announcement, the regulated and interoperable fund tokens developed by Arta and supported by two Chainlink services will combine the best DeFi experiences, including atomic settlement, reserve proof, cross-chain interoperability, and automated market making. <br>
SafeMoon says construction will continue after SEC lawsuit
Decentralized finance (DeFi) protocol SafeMoon has responded to the recent lawsuit by the US Securities and Exchange Commission (SEC) and expressed its intention to seek a solution. The project posted on X platform that they are reviewing the recent news and take these issues very seriously. They will do their best to resolve the problem as soon as they receive more information. Meanwhile, their team continues to build, focus on providing services to users, building their vision, and advancing their mission. Jinse Finance reported that SEC accused SafeMoon executives of fraud and offering unregistered securities.
Canza Finance launches Baki, a synthetic DeFi marketplace for African stablecoins
Canza Finance has announced the launch of Baki, a synthetic DeFi market for stablecoins in Africa. Earlier, Canza Finance completed a $3.27 million seed round financing, led by Fenbushi Capital. Canza Finance is an emerging bank based in Nigeria that provides financial services to the public through DeFi and local currency trading markets.
Injective Selects Kava's Native USDT for Perps Trading in Next-Generation DeFi Applications
Injective, a blockchain designed for next-generation DeFi applications, has chosen Kava Chain's Native USDT for their Perps trading. This partnership will bring significant benefits to users of both platforms, including enhanced trading opportunities, improved liquidity, and cross-chain flexibility. The integration of Kava Chain's capabilities with Injective's DeFi technology is set to reshape the world of DeFi. This collaboration exemplifies the mutual benefits that this partnership brings, offering users the best of both worlds and enriching the DeFi experience for traders, investors, and developers alike.
