Micapass completes €240,000 in financing
Micapass, a provider of compliance solutions for DeFi and Web3, has completed a financing round of 240,000 euros, with blockchain research and development company "SUPER HOW?" and startup accelerator Firstpick participating. Micapass mainly provides anti-money laundering (AML) and know-your-customer (KYC) compliance services for DeFi protocols and Web3 users to prevent illegal cryptocurrency activities. The new funds will be used to accelerate the development of AML compliance tools that integrate artificial intelligence technology.
Perp DeX RubyDex Teamed up with Linea
RubyDex is expanding its decentralized trading horizon by partnering with and deploying on Linea, a cutting-edge zk-Rollup powered by ConsenSys. As Linea paves the way for a new wave of Ethereum-based dapps, RubyDex eagerly joins this innovative Layer 2 solution, promising users enhanced scalability, reduced transaction costs, and a seamless experience.
Lens Will Be Migrated to the V2 Mainnet on October 30, and the V1 API Will Be Deactivated on January 30, 2024
October 24th, decentralized social protocol Lens Protocol announced that it will migrate to the Lens V2 mainnet on October 30th. The V2 upgrade will increase Lens' speed by at least 2 times, while providing a more scalable system.
Lens API V1 will stop writing and switch to read-only mode during the upgrade, and will stop service after January 30th, 2024.
The Total Market Value of Cryptography Exceeded US$1.3 Trillion, Rising by More Than 10% in 24 Hours
According to CoinGecko data on October 24th, the total market value of cryptocurrency has exceeded $1.3 trillion, currently reporting at $1,326,960,219,828 with a 24-hour increase of 10.3%.
Celestia Mainnet Beta Is Ready to Launch
Modular blockchain network Celestia posted on social media that the Celestia mainnet test version is ready to launch. From now until the mainnet test version, the Celestia Foundation will coordinate with the genesis validators to collect their genesis transactions, which will be included in the genesis block created by the decentralized validator set. Once the genesis block is determined by validators through consensus, Celestia's mainnet beta network will go live.
Over 600,000 LINK Were Transferred to the Exchange in the Past 20 Minutes
According to Scopescan monitoring, over 600,000 LINK tokens have been transferred into the exchange in the past 20 minutes, with 200,000, 300,000, and 122,000 tokens respectively.
Yearn Finance Modifies Token Economics and Adds VE Mechanism
Yearn Finance has modified its token economics by adding a VE mechanism. Stakeholders can now lock their tokens for up to 4 years to convert them into non-transferable veYFI tokens and earn YFI rewards, which are distributed in the form of dYFI and can be used to purchase YFI tokens at a discounted price. The longer the lock-up period, the higher the returns, but users may face up to a 75% penalty for withdrawing their position before the lock-up period ends.
Binance Research: Activity on L1 Generally Declined Across the Board in Q3
Binance Research Institute has released its Q3 cryptocurrency report. The report indicates that Q3 was a challenging quarter, with a total cryptocurrency market value decrease of 8.6% compared to the previous quarter. Despite this, institutions continued to receive attention.
Layer1 and Layer2: Activities on L1 generally decreased across the board. There are signs of a revival in Ethereum L2 as trading activities are driven by the launch of Base;
Linear Finance: Will Reopen the Protocol and Fully Restore the Mining Pool, Will Launch a New Website and Brand
On October 23rd, Linear Finance, a DeFi protocol that was previously attacked, announced that it will soon reopen its protocol Linear 2.0 and complete the recovery of its mining pool. It will also launch a new website and brand, as well as an order book DEX and multi-collateral staking service. Additionally, Linear Finance stated that it will introduce artificial intelligence.
Abracadabra, the Stable MIM Issuer, Becomes Timeless V2 Release Partner
DeFi yield protocol Timeless Finance announced a partnership with algorithmic stablecoin MIM issuer Abracadabra, becoming a publishing partner of Timeless V2. Abracadabra's MagicGLP treasury will become one of the initial tokens available for Timeless V2 on Arbitrum, allowing users to increase, hedge, or speculate on GLP yields.
