Planet Daily | Worldcoin completes US$115 million in Series C financing; Multichain claims that some routes cannot be used due to force majeure

Headlines

Worldcoin; completed; 115; million US dollars; C; round of financing, Blockchain Capital; lead investment

Odaily Planet Daily News OpenAI CEO; its encryption project; Worldcoin; development company; Tools for Humanity; announced the completion of; 115; million US dollars; C; round of financing, this round of financing was led by; Blockchain Capital; ; and; Distributed Global; participated in the vote. Funding from this round will be used to accelerate the R&D and growth efforts of the Worldcoin project and the World App, which is the first crypto wallet for the Worldcoin ecosystem. Worldcoin; is an open-source protocol supported by a global community of developers, individuals, economists, and technologists committed to expanding participation in and access to the global economy. The Worldcoin; Foundation is the steward and will support and grow the Worldcoin; community until it becomes self-sufficient. Tools for Humanity; helped launch; Worldcoin, and currently serves as an advisor to the Foundation and Operator of the World App; (CoinDesk)

Multichain: Some cross-chain routes are unavailable due to force majeure, and the service recovery time is unknown, and affected users will be compensated

Odaily Planet Daily News Multichain; tweeted that although most of the cross-chain routes of the "Multichain" protocol are operating normally, due to force majeure, some cross-chain routes cannot be used, and the time to restore services is unknown. After service is restored, pending transactions will be credited automatically. Multichain; will compensate users affected in the process, and the compensation plan will be announced later. According to yesterday’s report, in response to multiple community users reporting that “Multichain; cross-chain funds are delayed”, Multichain; officials responded in the community that the upgrade of the back-end nodes took longer than expected. Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. All affected transactions will arrive after the upgrade is complete.

Fusion; Founder of the foundation: currently unavailable; CEO of Multichain

Odaily Planet Daily News Fusion; founder of the foundation, Multichain; former co-founder; DJ Qian; said on Twitter that he has not yet contacted; Multichain; co-founder and CEO Zhao Jun.

Industry news

Montenegro court extends; Do Kwon; detention period

Odaily Planet Daily News Montenegro court extends; Terraform Labs; co-founder; Do Kwon; detention period in Montenegro. The court said there would be a retrial based on the grounds for termination put forward by the High Court before making a decision on the defendant's acceptance of bail on the advice of defense lawyers. Do Kwon; and former; Terra; executive officer; Han Chang-joon; will appear in court for the next hearing on June; June; 16;

Ripple; Acquires Minority Stake in Bitstamp; from Pantera Capital; in Q1

Odaily Planet Daily News According to the latest minutes of the "Galaxy Digital" shareholder conference call, Ripple; acquired a minority stake in the cryptocurrency exchange "Bitstamp" in the first quarter of this year, but did not disclose the specific shares. Ripple; acquired the shares from U.S. digital asset investment firm; Pantera Capital; and Galaxy Digital; advised on the transaction. (Finance Magnates)

Fahrenheit; wins; Celsius; bids for auction, completes deal subject to regulatory approval

Odaily Planet Daily News According to court documents filed in the early hours of Thursday, Fahrenheit; won the bid to acquire the bankrupt lending platform; Celsius Network; whose assets were previously worth about; 2 billion; US dollars. Court documents show that Fahrenheit; will acquire; Celsius; institutional loan portfolio, pledged cryptocurrency, mining division and other alternative investments, and must pay within three days; 10 million; deposit to secure the deal. Fahrenheit; a consortium of buyers including venture capital firm; Arrington Capital; and crypto mining firm; US Bitcoin Corp; was selected as the winning bidder after a lengthy auction process. The Blockchain Recovery Investment Consortium (including; Van Eck Absolute Return Advisers Corporation; and; GXD Labs LLC) was selected as a backup, while competitor; NovaWulf; was eliminated. Under the terms of the deal, the new company will receive; $450; million to; $500 million in liquid cryptocurrency, and US Bitcoin Corp; will build a series of crypto mining facilities, including a new; 100; megawatt mine. While the bid has been accepted by a committee of Celsius and its creditors, regulatory approval is still required before the acquisition can be completed. (CoinDesk)

Cryptocurrency trading platform; Coincheck; Nasdaq listing may be delayed again

Odaily Planet Daily News Japanese cryptocurrency trading platform; Coincheck; through merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV; plans to list on Nasdaq may be further delayed. According to a statement on May 16, Thunder Bridge's board believes there is insufficient time to complete the merger by the July 2 deadline, and it recommends extending the deadline by up to 12 months, but Subject to shareholder vote. Coincheck's merger with Thunder Bridge was first announced in March 2022 and was originally expected to close in the second half of the year. But in ;October; Coincheck; indicated that the deadline had been pushed back to ;July;2;2023;July;2; (CoinDesk)

Project Highlights

BNB Chain; is expected to carry out the "Luban" hard fork upgrade on June 12, which will include; BEP-126, BEP-174; and; BEP-221;

Odaily Planet Daily News BNB Chain; is expected to carry out network upgrades at block height; 29020050;, and the block height is expected to arrive at Beijing time; June; Luban; hard fork contains three proposals: BEP-126, BEP-174; and; BEP-221;, aiming to create a faster and more secure network for users. Specifically, BEP-126; introduced the "Fast Finality" mechanism, which makes it impossible for a block to be reversed once it is finalized on the network, which will reduce the possibility of bad actors performing chain reorganization. BEP-174; proposes "cross-chain relay management" which aims to mitigate any potential security issues in the;BBSC Bridge;. Additionally, the proposal would introduce "managers" for relayers to be chosen by on-chain governance. These managers will be in charge of managing the registration of individual relayers, making it easy to remove or add any relayers in times of potential crisis. Finally, BEP-221; proposes "CometBFT; Light Block Validation", a system that proposes adding new contracts to a blockchain using the "CometBFT" technology. The contract helps verify specific blocks from other; CometBFT; compatible blockchains, and enables data transfer between those blockchains, such as the storage-focused; BNB Greenfield; and; BNB Chain. (CoinDesk)

Fantom;Foundation:Multichain;bridge to;Fantom;is up and running

Odaily Planet Daily News Fantom; Foundation tweeted that the bridge between the cross-chain bridge; Multichain; and; Fantom; is operating normally.

Zcash; development team; ECC; reorganization and layoffs; nearly 50%;, a revised roadmap will be released in the near future

Odaily Planet Daily News Zcash; development team; Electric Coin Co. (ECC) announced the reorganization of the company, which will narrow the focus of the team and transfer some; Zcash; support functions to the wider community to improve; Zcash; Resilience and sustainability. ECC; said it was laying off; 13; employees, about half of its team, in the reorganization. Over the next few weeks, ECC; will publish a revised roadmap focused on empowering and giving voice to; ZEC; holders, including: creating a great user experience for; PoS ZEC; powered by; Zcasher ; build a wallet that anyone can use easily; launch a mobile wallet; SDK, useful for other; Zcash; builders; US policy work to ensure; ZEC, self-custody, and staking are still viable in the US. ECC; noting that near-term work to address performance issues with third-party wallets remains its current priority, ECC; committed to releasing; zcash 5.6.0;, an updated version of; lightwalletd; and the new; iOS; and; Android; mobile; SDK.

Ethereum client; Geth; released v1.12.0; version, no longer supported; POW

Odaily Planet Daily News Go Ethereum; released Ethereum client; Geth v1.12.0; version (Krogam DMZ), no longer supports proof of work (POW), so it can no longer be used for private chains based on; PoW; or as Upstream library for projects that depend on ;ethash PoW;

Offchain Labs; has written a complete and efficient fraud proof program for the programming environment; Stylus;

Odaily Planet Daily News Arbitrum; development team; Offchain Labs; announced that it has written a complete and effective fraud proof program for the next generation programming environment; Stylus; It is reported that Stylus; allows users to deploy contracts written in their favorite programming languages (including; Rust, C, C++, etc.). Team leverages;Nitro;in;WASM;for;Stylus;contracts to enhance security, extend;EVM+ support. Stylus; is expected to be audited and ready for production this year.

a16z Crypto; open source on-chain privacy voting system; Cicada

Odaily Planet Daily News a16z Crypto; released open source; Solidity; library; Cicada. Cicada; leverages time-lock puzzles and zero-knowledge proofs for on-chain privacy voting, guarantees minimal trust assumptions, and is available on Ethereum mainnet. Cicada; formal proof is also coming soon.

Uniswap; community is voting on temperature check on "deploy V3 to; Fantom" proposal

Odaily Planet Daily News Snapshot; The voting page shows that the Uniswap; community is conducting a temperature check vote on the proposal of "deploying; Uniswap V3 to; Fantom", and the current support rate is; 31; Day ends. The proposal aims to use the cross-chain interoperability protocol;Axelar;to deploy;Uniswap;to;Fantom, to capitalize on current market opportunities and strengthen;Uniswap;position in the;DeFi;sphere. After the on-chain voting is completed, Axelar; will be responsible for the deployment of Uniswap V3 smart contracts on Fantom;

Phoenix Labs; Launch; Spark Protocol; Update Proposal: Proposed Raise; D;3;M; Debt Ceiling

Odaily Planet Daily News According to; MakerDAO; revealed on social media that Phoenix Labs; has initiated; MakerDAO; Spark Protocol; protocol update; Maker; governance proposals, the main contents include: raise; D; To;2000;million;DAI, deploy;SubDAO;Agent, add administrator role, and deploy new;DAI interest rate strategy to match exactly;DSR, new interest rate strategy proposes to increase;DSR;to;3%;.

NFT; Market; Blur; Launch; ETH; Loan batch repayment function

Odaily Planet Daily News NFT; Market; Blur; announced a new feature, users can now borrow; ETH; and repay the loan in batches instead of all at once. This feature is available for NFTs purchased using Buy Now Pay Later (BNPL); and direct borrowed; NFTs. If the loan is called on, users can extend the loan by paying as little as; 0.1 ETH; instead of repaying the full amount immediately. This can also be used to refinance the loan for a better rate.

Magic Eden; launched on; Solana;; NFT; trade aggregator

Odaily Planet Daily News NFT; Market; Magic Eden; launched on; Solana; NFT; Transaction Aggregator, aggregates the list of each key; Solana NFT;

NFT; lending platform; Astaria; has been officially launched

Odaily Planet Daily News According to the official Twitter, the former; Sushi CTO; co-founded; NFT; lending platform; Astaria; announced its official launch today. Compulsory liquidation.

Doodles; Lianchuang reveals; Doodles AR; application is being tested

Odaily Planet Daily News Doodles; co-founder; burnt toast; video posted on Twitter shows that Doodles; AR; application is being tested.

Investment and Financing

Encrypted trading platform; Growminer; obtained; $48 million; strategic financing

Odaily Planet Daily News cryptocurrency trading platform; Growminer; announced that it has obtained; $48 million; strategic financing, known as the world's top funds, investment groups and professional investment institutions to participate in the investment, but the specific investor information has not yet been disclosed. Growminer; mainly provides trading tools for institutional and individual investors. It is currently in the process of regulatory approval and is expected to land next month. The new funds will be used for team expansion, product improvement and accelerated market penetration, with plans to expand services to the global digital economy. (digital journal)

Media company; Semafor; raised; $19 million; to repurchase; SBF; stake due to investment

Odaily Planet Daily News media company; Semafor; has raised; $19 million; investors include Yahoo co-founder Jerry Yang and KKR & Co; co-founder; Henry Kravis; etc., to replace; FTX; former CEO ;SBF; an investment in it. Semafor; co-founded by ex-Bloomberg Media; CEO Justin Smith; and New York Times media columnist; Ben Smith; launched last October; So far, Semafor; The total financing amounted to; 34 million; million US dollars. (Reuters)

Kosmos Ventures; launches new blockchain fund; Zero Age Ventures; and receives; $10 million; investment commitment

Odaily Planet Daily News Australian venture capital fund; Kosmos Ventures; the team behind announced the launch of a new investment fund; Zero Age Ventures. The fund will focus on blockchain technology, channeling network effects through token/product design, governance, community building and go-to-market strategy. Zero Age Ventures is ready to distribute funds in 2023; and 2024 after successfully closing the initial transaction and securing the general partner; 10 million; million of its own capital commitment. All new investments will be managed by; Zero Age Ventures; as the team enters the next phase of development. While; Kosmos Fund I; will continue to provide support to existing portfolio companies, it will be phased out and no new investments will be made. Kosmos; was originally founded in; 2017; and has made significant seed round investments in protocols such as; Solana, Algorand, Polkadot; and; Fantom; Zero Age Ventures; aims to continue this tradition by driving innovation and growth in the industry. (Chainwire)

Encrypted Loyalty Service Company; Kigo; Announces Launch and Receives; $6.5 Million; Investment Commitment

Odaily Planet Daily News Enterprise engagement and loyalty technology services company; Augeo; today announced the formation of; Kigo, Kigo; formed by the merger of; Augeo; The two ventures have raised $16 million in total, including new commitments of $6.5 million from Valor Siren Ventures and Augeo to accelerate the launch of Kigo. It is reported that Kigo was founded in 2023 by Augo and former Starbucks, Amazon and Thred executive Ben Straley. The company aims to provide services such as membership, user participation rewards and recognition through the blockchain. The reward form supports a variety of digital assets, including; BTC, ETH; and other cryptocurrencies, digital collections, NFT; passes, etc. (Augeo Marketing)

Blockchain energy trading platform; UrbanChain; completed; 5.25 million pounds; A; round of financing, Eurazeo; lead investor

Odaily Planet Daily News block chain energy trading platform; UrbanChain; announced the completion of; 5.25; million pounds; A; round of financing, Eurazeo; lead. With new financing, UrbanChain; will expand into new international markets starting from Ireland. UrbanChain; currently operates a P2P energy trading platform in the UK, which uses blockchain and artificial intelligence systems to match renewable energy generators and consumers, allowing users to obtain reasonable electricity price services, and then reducing electricity bills for businesses and households. It is reported that UrbanChain; previously obtained; Innovate UK; and; Department for Energy Security & Net Zero; a lot of investment. (About)

Hong Kong-based asset management firm; Metalpha; has raised $5 million from Bitmain for its fund

Odaily Planet Daily News CoinDesk; Citing sources reported that Hong Kong asset management company; Metalpha; has raised; $5 million; from Bitmain for its Grayscale-based fund; Next Generation Fund I;. Metalpha; hopes to raise; $1; million for the Next Generation Fund I; by the end of March, Metalpha; has raised $20 million for that goal. The fund, which was established by;Metalpha; in partnership with;NextGen Digital Venture Limited;, invests in;Grayscale;products through structured derivatives, granting access to the pillars of the digital asset portfolio in a manner compliant with US and Hong Kong laws. (Coindesk)

Singapore Communications Corporation; GoodGang Labs; Cheng; 2 million; USD 10,000 seed round financing, Kakao Investment; participated in the investment

Odaily Planet Daily News The avatar-based Singapore communications company; GoodGang Labs; announced the completion of; 2 million; million US dollars in seed round financing, the investor is; Kakao Investment. This round of financing will be used to build a 3D environment; kiki town. GoodGang Labs; will also launch; GangHouse for Web3, allowing users to use; NFT; as a medium for real-time communication. GoodGang Labs; previously received; Naver, Kimgisa Lab, Naver Z; and; Planetarium; and other investments, the specific amount was not disclosed. (Technode)

Global Policy

White House, Republicans discuss extending debt ceiling until 2024

Odaily Planet Daily News According to; Punchbowl; citing multiple sources, the White House and House Republicans are discussing a debt ceiling agreement that would raise the government's borrowing limit until the end of 2024, which would incentivize Congress to pass all Annual spending bill. The Speaker of the US House of Representatives McCarthy said that he would accept any debt ceiling maturity date given by Treasury Secretary Yellen. Its view; 6; month; 1; day is the deadline for the debt ceiling. A spokesman for the US Treasury Department said: The two parties in the United States should quickly resolve the debt ceiling issue and avoid an artificial economic crisis.

Fed Minutes: Rate cut unlikely, split on further hikes

Odaily Planet Daily News According to the minutes of the Federal Reserve's May meeting, officials were divided on whether to raise interest rates further (the minutes suggested that the number of hawks was relatively large), and it was unlikely to cut interest rates. Some participants said the Fed "should stand ready to use its liquidity facilities" to offset the damage from a possible default. Waller said that he does not support stopping interest rate hikes, and whether to raise interest rates in June or skip the hike in July depends on data in the next three weeks. Bostic said that not wanting to be trapped in a specific rate adjustment rhythm (6; month skip/rate hike), it is best to consider a rate cut next year. (Golden Ten)

French Legislative Council Passes New Rules Restricting Social Media; KOL; Promotion of Unregistered Cryptocurrencies

Odaily Planet Daily News According to a statement released by the French Senate, lawmakers in an important French legislative committee unanimously agreed to restrict social media KOLs from promoting cryptocurrency new regulations. The agreement allows for the promotion of the products of any cryptocurrency firm that has registered with the Financial Markets Authority, in a more modest stance than they had previously taken. The new law could be the first in Europe to regulate social media personalities engaged in paid marketing, including in areas such as cosmetics and gambling. (CoinDesk)

South Korean National Assembly Passes Two Bills Requiring Lawmakers and Senior Public Officials to Register Virtual Assets

Odaily Planet Daily reported that the plenary session of the Korean National Assembly passed two bills this afternoon, the Amendment to the National Assembly Law and the Amendment to the Public Official Ethics Act, which will require legislators and senior public officials to register virtual assets. Members of the "22nd" Congress will have to register their holdings of cryptocurrencies in property matters, and the "21st" Congressmen will need to register by the end of this year; June; Cryptocurrency positions and changes acquired and held during the date. (News;1;)

Colombian Senate is advancing a bill to regulate crypto trading services

Odaily Planet Daily reported that Gustavo Moreno, a member of the Colombian Senate, held the first debate on Bill No. 139 of 2021 on Wednesday. The bill seeks to regulate crypto asset trading services offered through digital platforms. The bill was unanimously passed by the Colombian House of Representatives late last year. Still, if the bill is not approved by June 20, it will be stalled in Congress. The regulatory points of the bill include the need to register in Colombia, identity verification, separation of customer funds and company funds, adherence to free competition and free market principles, the responsibility of platforms to inform and educate their users to make the right decisions, and ensure blockchain security wait. (Valora Analitik)

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Ripple CEO: U.S.; SEC; and; Ripple; lawsuits may come to a judgment within a few weeks

Odaily Planet Daily News Ripple; CEO; Brad Garlinghouse; recently said in an interview that in terms of the current legal battle with the United States; SEC;, he is confident that he will receive a judgment this year. This could happen within weeks or even months, he added. Garlinghouse; called the court's ruling on the; Hinman; document a major victory for transparency. He added that the U.S. government and the "SEC" put politics ahead of sensible policy, which is the main reason why most crypto entrepreneurs and companies choose to leave the United States. Previously; May; 17; news, U.S. judge; Analisa Torres; ruled that the U.S. Securities and Exchange Commission (SEC) cannot seal; XRP; former official in the case; William Hinman 2018; . Analisa Torres; said it would allow the; SEC; to redact the names and personal information of those named in the documents, but the; SEC; could not seal the so-called "Hinman; access. (Coin Gape)

Multichain; Lianchuang: At present, the team is working normally and the main business is normal

Odaily Planet Daily News Multichain; co-founder; Alfred Xu; stated in the official; Telegram; community that the current team is healthy, the main business is normal, the routing recovery will automatically arrive, and the team is working normally.

Lawyer: The most difficult thing to get a virtual asset trading license in Hong Kong is to recruit executives who meet regulatory requirements

Odaily Planet Daily News Wu Wenqian, a practicing lawyer of the High Court of the Hong Kong Special Administrative Region, said that there are three main points for a virtual asset trading platform to obtain a Hong Kong license: First, it needs to have a capital injection of no less than five million Hong Kong dollars, and keep it no less than; 12; Current assets for monthly operating expenses; Second, two Hong Kong local; RO (in charge) are required to serve as the executive director of the virtual asset service provider (VASP), and these two; RO; need to have; 3; years Experience in the virtual asset industry, other executives also need to conduct background checks to the Hong Kong Securities Regulatory Commission; the third is the requirements for external assessment, including governance and staffing, currency listing process, anti-money laundering process, market monitoring, etc. Wu Wenqian believes that the most difficult thing to obtain a virtual asset trading license in Hong Kong is to recruit executives who meet the regulatory requirements. Hong Kong attaches great importance to the compliance of the exchange, and it is particularly necessary for the responsible executive of the exchange to have 3; years of industry experience , preferably a compliant exchange. (Financial Association)