Toutiao
▌dYdX Chain adds liquidity staking support through latest upgrade
The Cosmos-based dYdX Chain was upgraded to v3.0 today. This upgrade introduced inter-chain accounts and supported the liquidity staking protocol to join the dYdX Chain for liquidity staking on the network. It is reported that this move allows users to continue to stake and secure dYdX Chain, while converting staked DYDX into liquid assets that can be traded or used in DeFi applications.
In addition, Cosmos ecological protocol Stride plans to open liquidity staking for dYdX today, and two other liquidity staking providers, Persistence and Quicksilver, also plan to provide this service in the near future.
▌Google updates its advertising policy to allow advertising of Bitcoin and crypto trust products
Google has updated its policy to allow advertising of Bitcoin and cryptocurrency trust products. It is reported that advertisements for spot Bitcoin ETFs such as BlackRock, VanEck, and Franklin Templeton have appeared on Google search pages.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was US$43,179.1, with an intraday increase or decrease of +1.26% ;
ETH’s recent transaction price was US$2,311.05, with an intraday increase or decrease of +1.58% ;
BNB’s recent transaction price was US$310.3, with an intraday increase or decrease of +0.62 %;
The recent transaction price of ;">+1.25%;
DOGE’s recent transaction price was US$0.0811, with intraday gains and losses-1.12%;
ADA’s recent transaction price was US$0.5239, rising or falling during the day Frame+5.22%;
SOL Recent The transaction price was US$101.43, and the intraday increase or decrease+1.50%.
Policy
▌U.S. Republican House of Representatives: Hold on to the prospect of new encryption legislation in 2024 Optimism
U.S. Republican Congressman French Hill said at an event today that he is optimistic about the prospects of the 2024 Stablecoin Regulation Bill and another bill focusing on market structure. He also Willing to hear the views of top Democrats on illegal finance.
French Hill talked about the Payment Stablecoin Clarity Act and the 21st Century Financial Innovation and Technology Act, both of which were introduced by the House Financial Services Committee last year. "I remain optimistic that these bills will be implemented in 2024," he said during the panel discussion.
▌The US SEC charges the founder and main sponsor of the $1.7 billion "HyperFund" crypto pyramid scheme with fraud
The U.S. Securities and Exchange Commission (SEC) today charged Xu Lee, also known as Sam Lee, and Brenda Chunga, also known as Bitcoin Beautee, for participating in a fraudulent crypto-asset pyramid scheme called HyperFund, which involved investors from around the world. raised more than $1.7 billion from investors.
According to the SEC complaint, from June 2020 to early 2022, Lee and Chunga promoted HyperFund “membership” packages that they claimed guaranteed investors high returns, including from HyperFund’s alleged Crypto asset mining operations and ties to Fortune 500 companies. In 2022, the HyperFund program collapsed and investors could no longer withdraw funds.
It is reported that Chunga agreed to settle the charges, permanently prohibit future violations of the terms of the charges and certain other activities, and pay future forfeitures and civil penalties in an amount determined by the court. The settlement agreement is subject to court approval, and Lee’s Charges will be prosecuted.
▌Turkish regulators require crypto platforms to collect user identity and photo information
According to Bitcoin News, Turkey’s Personal Data Protection Authority (KVKK) requires Bitcoin and cryptocurrency platforms to collect and process the identity and photo information of their users to comply with anti-money laundering regulations.
Blockchain Applications
▌Immutable zkEVM mainnet supported by Polygon in early access mode Launch
Web3 gaming platform Immutable has partnered with Ethereum scaling project Polygon to launch the Immutable zkEVM mainnet in early access mode for select game studios and ecosystem partners to join. The first lineup of games launched on Immutable zkEVM includes: Guild of Guardians, Metalcore, Shardbound, Treeverse, Cool Cats, BADMAD Robots, Space Nation, Eyeball Games, Imaginary Ones, and more.
According to the project, Immutable’s current products will also be compatible with Immutable zkEVM, and the chain will offer zero-gas functionality to gamers using its Immutable Passport non-custodial wallet. The Immutable zkEVM mainnet will be available to the public in the coming weeks.
▌Web3 AI and 3D entertainment social network Holoworld AI built on blockchain have opened public beta
Web3 AI and 3D entertainment social network Holoworld AI built on the blockchain have opened public beta, and users can create, chat and trade artificial intelligence (AI) characters.
▌Magic Eden launches multi-chain wallet supporting Solana, Bitcoin, Polygon and Ethereum< /strong>
NFT market Magic Eden has officially launched a multi-chain wallet that supports Solana, Bitcoin, Polygon and Ethereum blockchains. The platform previously launched a beta version of the wallet in November 2023.
The wallet was developed in partnership with Exodus and features self-custody capabilities, ensuring users retain control of their crypto assets. It aims to provide a more user-friendly experience, enabling instant cross-chain exchange, NFT portfolio management, and NFT transactions directly from the wallet. To incentivize early adopters, Magic Eden said it will offer limited-time in-wallet minting of NFT projects such as Claynosaurz, Degenerate Ape Academy, and BoDoggos throughout February, as well as airdrops and other benefits.
Cryptocurrency
▌Invesco and Galaxy lower total expense ratio for their spot Bitcoin ETFs To 0.25%
According to an official announcement, Invesco and Galaxy announced that they will reduce the sponsorship fee of the Invesco Galaxy Bitcoin ETF (BTCO) by 14 basis points, reducing the total expense ratio from 0.39% to 0.25%. 0.25%.
Invesco stated that it will continue to waive all asset fees of up to US$5 billion during BTCO’s first six months of operation, effectively reducing BTCO’s total expense ratio to 0 basis points, which can be further extended at its discretion. Fee waived.
▌Spot Bitcoin ETF’s 12th trading day: total trading volume 1.56 billion US dollars, GBTC leads the way
According to data compiled by Bloomberg analyst James Seyffart, the total trading volume of the US spot Bitcoin ETF on the 12th trading day was US$1.5643 billion, and GBTC still ranked first with a trading volume of US$570 million. Ryder's IBIT and Fidelity's FBTC followed closely, with $460 million and $310 million respectively.
The data also shows that the total trading volume in the 12 trading days was US$25.9384 billion.
▌Coinbase will charge fees on USDC-to-USD transactions exceeding $75 million
Coinbase said it will begin charging fees when institutional clients’ net exchanges of USDC for U.S. dollars exceed $75 million “every rolling 30-day period.”
The specific fee ratio is: 0.1% fee will be charged for exchanges between US$75 million and US$150 million; 0.15% fee will be charged for transactions between US$150 million and US$500 million; Conversions over $500 million will be subject to a 0.2% fee.
The USDC conversion fee is waived for Coinbase Prime customers who have more than $500 million in assets on the platform or hold an average of $100 million in USD/USDC per calendar month, the company added. In addition, members of the Coinbase Exchange Liquidity Program with Tier 1 or Tier 2 qualifications are exempt from the USDC conversion fee as long as they meet the monthly qualifications.
▌Bitwise CEO: BITB’s asset management scale exceeded US$600 million
Hunter Horsley, CEO of Bitwise said , Bitwise Spot Bitcoin ETF (BITB)'s asset management scale exceeded US$600 million today, reaching the milestone 12 trading days after listing.
▌21Shares builds Dune dashboard to publish ARKB Bitcoin holding information
21Shares announced the release of a new Dune dashboard designed to help investors, users and others access Bitcoin holdings information for ARKB (ARK 21Shares Spot Bitcoin ETF).
21Shares said that not disclosing wallet addresses is a concern over dusting attacks, transaction tracking, and even geopolitical risks. With many new Bitcoin ETFs launching in the United States, it is more important than ever to strike a balance between transparency and security. .
▌Liquidity re-pledge platform Eigenpie TVL exceeded US$100 million in 36 hours
Published by the official X account Data shows that the total value locked (TVL) of the liquidity re-pledge platform Eigenpie exceeded US$100 million within 36 hours, reaching US$101 million.
Important Economic Updates
▌International oil prices have failed to rise above the US$80/barrel mark. Experts suggest that oil companies use option portfolio tools to deal with risks
On January 29, Beijing time, international oil prices maintained an upward momentum. Among them, the March WTI crude oil contract price once approached the US$80/barrel mark during the session, which was also the highest point in the past eight weeks. Many analysts said that this round The rise in international oil prices is due to many factors, including expected supply decline and accelerated global economic recovery. In the short term, there is still uncertainty about the upward driving force of oil prices. As the Spring Festival is approaching in China, relevant oil-related companies should make good use of option portfolio tools. Do a good job in risk management. (Securities Daily)
Golden Encyclopedia
▌What is offline staking?
Offline staking or cold staking is a process of participating in a Proof of Stake (PoS) blockchain network without exposing the private keys of the staked tokens to the online network. Technology. With offline staking, users can assign their staking tasks to third-party validators, also known as staking pools, while keeping their funds securely in cold storage. This key distinction improves the security of offline staking as it minimizes the amount of funds at risk from any internet threat.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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