PA Daily | a16z has raised $7.2 billion in new funding; the Super Artificial Intelligence Alliance ASI is scheduled to launch on May 24 and the combined valuation will reach $7.5 billion

Today’s news tip:

PayPal cancels buyer and seller protection for NFT

The Alliance for Super Artificial Intelligence (ASI) is scheduled to be held on May 24 Launched today, with a post-merger valuation of up to US$7.5 billion

a16z has raised US$7.2 billion in new funds and plans to raise more funds in 2025

On-chain financial platform Centrifuge completes 15 million USD Series A financing, IOSG Ventures and others participated in the investment

U.S. lawmakers proposed a new stablecoin bill to ban algorithmic stablecoins without reserve support

io.net announced the IO token economic model: initial supply The amount is 500 million, the maximum supply is 800 million, and the community will eventually allocate 50%

Safe discloses SAFE token economics: the maximum supply is 1 billion, 5% will be allocated to users

Bitcoin Spot ETF yesterday had a total net outflow of US$58.03 million, and Grayscale GBTC had a single-day net outflow of US$79.38 million

Regulatory News

US lawmakers proposed a new stablecoin bill to prohibit those without reserve support Algorithmic Stablecoin

According to The Block, U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a stablecoin bill on Wednesday that would require stablecoin issuers to hold a one-to-one reserve of cash or cash equivalents. to back its tokens and ban unbacked algorithmic stablecoins, requiring that neither issuers nor users use stablecoins for illegal or unauthorized purposes such as money laundering. The bill seeks to create a framework that encourages “responsible” innovation, pointing to good use cases for stablecoins in fast international transactions, lower fees, and digital-native benefits for new programs and applications.

The bill also intends to establish “federal and state regulatory regimes for stablecoin issuers to preserve a dual banking system.” The dual banking system in the United States means that federal banks and state banks have different regulatory agencies. The federal Office of the Comptroller of the Currency oversees national banks and state regulators oversee state banks. However, banks can be regulated at both the state and federal levels. The Lummis-Gillibrand Payments Stablecoin Act would give federal and state entities the authority to charter and enforce stablecoins.

U.S. SEC prohibits employees from using work mobile phones to access third-party instant messaging applications

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has banned employees from using work mobile phones to access third-party instant messaging applications such as WhatsApp. and text messaging to reduce the risk of system compromise and enhance record keeping. It is reported that the ban on access to these applications began in September last year and has continued for the past few months.

UK lawmakers call on the government to invest in developing skills that match employment needs in the cryptocurrency, blockchain and AI industries

According to CoinDesk, members of the British Parliament unanimously called on the government to invest in developing skills that match the employment needs of the cryptocurrency, blockchain and AI industries. , blockchain and artificial intelligence (AI) industry employment needs matching skills. Lisa Cameron, the member of parliament who chaired Tuesday's debate on the topic, urged the government to ensure digital skills are taught from the early stages of education and even in the workplace. Cameron said: “While the UK is well-positioned to seize the opportunities presented by the growth of the digital economy, making the most of these opportunities and ensuring that the UK has the necessary talent pool to help it achieve its ambition to become a technology powerhouse also needs to improve education. "The UK government has expressed its desire to make the country a center for cryptocurrencies." To date, legislation has been passed identifying cryptocurrencies as a regulated activity, and secondary legislation on stablecoins and other cryptocurrency activities is also in the works. However, Cameron believes more needs to be done. When talking to employers in the digital industry, she found that “they can’t find the talent they need” is a problem. Cameron also called for broader partnerships with blockchain companies such as Ripple, stablecoin issuer Circle and Tether, which each launched a blockchain research program for universities in 2018 and established partnerships with academic institutions. , as well as launching an education program this year.

UK Skills Minister Luke Hall said in response: "We know there is a digital skills gap that needs to be addressed. This gap is estimated to cost the UK economy £63 billion ($79 billion) every year."

Project News

Safe discloses SAFE token economics: the maximum supply is 1 billion, 5% will be allocated to users

Digital asset management platform Safe discloses SAFE token economics , the maximum supply is 1 billion, and the initial circulation is 427,000,000. The overall distribution of SAFE covers 5 categories: core contributors 15%, Safe Foundation 15%, ecosystem 5%, users 5%, and community treasury 60% , the redemption period of SAFE tokens is as long as 8 years.

io.net announced the IO token economic model: the initial supply is 500 million coins, the maximum supply is 800 million coins, and the community will ultimately allocate 50%

Solana Ecological DePIN Protocol io.net announced the token economic model of token IO. io.net will have an initial supply of 500 million IOs at the time of creation, and the allocation objects are divided into five categories: seed investors, Series A investors, core contributors, R&D and ecosystem, and community. As IO is issued to incentivize network growth and adoption, it will grow to a fixed maximum supply of 800 million over 20 years.

Rewards will be released to suppliers and stakers every hour for 20 years. The reward adopts a deflation model, starting from 8% in the first year and decreasing by 1.02% every month (about 12% per year) until it reaches the upper limit of 800 million IO. As rewards are distributed, the shares of early backers and core contributors will continue to decrease. Therefore, after all reward distribution is completed, the community's share will grow to 50% (it should be noted that the 50% community share is not all issued through airdrops, these tokens are used for the growth of the community over time) .

The Alliance for Super Artificial Intelligence (ASI) is scheduled to launch on May 24

SingularityNET stated on the X platform that the vast majority of AGIX token holders have approved the Alliance for Artificial Super Intelligence (ASI) proposal. Fetch.ai stated in its official blog that the Alliance for Super Artificial Intelligence (ASI) announced the approval of the ASI token merger, which is scheduled to launch in May. The merger, which is expected to have a total value of $7.5 billion and is expected to close in early May, will combine FET, AGIX and OCEAN into ASI. ASI is scheduled to launch on May 24.

Due to majority approval from each community, the token merger will proceed as follows: FET becomes ASI with a total supply of 2,630.55 million tokens; AGIX tokens migrate to ASI with an exchange rate of 0.433350 Ratio 1; OCEAN tokens are migrated to ASI with an exchange rate of 0.433226 to 1.

Previously, SingularityNET, Fetch.ai and Ocean Protocol are discussing merging their respective tokens into an artificial intelligence token called ASI. Under this merger plan, the fully diluted market value of ASI tokens is expected to reach $7.5 billion.

The Korean won surpassed the U.S. dollar to become the world's most traded currency for crypto assets in the first quarter

According to Bloomberg, the South Korean won has now become the world's most frequently traded currency with crypto assets, South Korea's response to risk proxy Speculative demand for the currency surged. According to research firm Kaiko, in the first quarter of 2024, cumulative trading volume for the Korean won on centralized crypto exchanges was $456 billion, compared with $445 billion for the U.S. dollar.

PayPal removes buyer and seller protection for NFT

According to The Block, under PayPal’s new policy that takes effect on May 20, NFT purchases will no longer be subject to the company’s buyer protection. Program support. Additionally, NFT sales worth more than $10,000 will not be protected against false claims and chargebacks.

ZachXBT: Completed investigation into Prisma attacker 0x77 and its multiple alleged attacks, and have detailed information

On-chain detective ZachXBT releases information on the alleged $11.1 million Prisma vulnerability Investigation of the exploiter 0x77 (Trung) and the multiple vulnerabilities involved. On March 28, 2024, the Prisma team observed a series of transactions on the MigrateTroveZap contract, resulting in the loss of 3,257 ETH (approximately $11.1 million). Initially, the attackers communicated with Prisma deployers claiming that this was a white hat attack. However, later the same day, all funds were transferred to Tornado Cash, contradicting previous statements. Exploiters began making exorbitant demands and claimed $3.8 million (34%) of the white hat bounty. This amount is much higher than the industry standard of 10%, essentially extorting the team as the treasury does not have enough assets to compensate users.

Cross-chain communication protocol Analog partners with CoinList to offer 2% of ANLOG tokens to testnet users

Layer 0 Cross-chain communication protocol Analog is inviting CoinList community members to participate in its incentivized testnet, and have the opportunity to earn a share of a total of 1,811,594 ANLOG tokens (2.0% of the total supply). The testnet is divided into three phases, each lasting approximately three months. The first phase starts on April 16, 2024 and focuses on the developer community interacting with Timechain; the second phase starts on April 30 and is open to the wider community and includes social tasks and a game; the third phase will Starting on May 15th, we are committed to recruiting validators. Additionally, rewards will be distributed among validators, developers, and community members, with 30% of token rewards going to validators and the remaining 70% to the community and developers.

Jupiter announces the launch of LST token JupSOL

Solana ecological transaction aggregator Jupiter announces the launch of a new LST token JupSOL, which supports trustless delegation to Jupiter validators. This validator has no fees and offers 100% MEV rebate. Currently, in order to increase the yield of JupSOL, an additional 100,000 SOL have been entrusted to this validator.

Coinbase Wallet has integrated SOL DEX, allowing users to trade more than 50,000 Solana ecological tokens

Coinbase Wallet announced that it has integrated SOL DEX, allowing users to trade more than 50,000 Solana ecological tokens.

Solana ecological DeFi protocol Drift Protocol plans to launch the DRIFT governance token, and 100 million will be airdropped in the next few weeks

According to CoinDesk, according to the Drift website and people familiar with the matter, the Solana ecological DeFi protocol Drift Protocol plans to launch the DRIFT governance token and airdrop assets to users within a few weeks. The new token follows a three-month points program that attracts traders, borrowers, lenders—and, of course, airdrop farmers—to Drift. But contributors to the protocol say most of the 100 million tokens in this airdrop will go to long-term Drift users.

In this airdrop, 10% of the total supply of DRIFT will be distributed to users. Venture investors will receive a larger allocation from DRIFT, accounting for 22% of the total supply. 43% of the tokens will be used for “ecosystem development,” which may include trading rewards, liquidity incentives, and future airdrops. Additionally, 25% of tokens are reserved for “protocol development” paid to Drift contributors.

Merlin Chain has now opened the airdrop query page corresponding to Merlin's Seal points

Merlin Chain announced that it has now opened the airdrop query page corresponding to Merlin's Seal points. The airdrop page shows that 20% of MERL will be distributed to users who stake Merlin's Seal, making this the largest airdrop in Layer 2.

Worldcoin releases "Orb Privacy and Security Audit Report"

Worldcoin, an encryption project co-founded by Sam Altman, released the "Orb Privacy and Security Audit Report" on its official blog. Security expert Trail of Bits commented on Orb's software undergoes a specialized audit, and in addition to typical security assessments, Trail of Bits focuses on evaluating a range of privacy and functionality claims related to Orb. Trail of Bits began evaluating a software version on August 14, 2023, which was frozen on July 8, 2023, as SemVer 3.0.10. As of March 14, 2024, the current software version deployed to orb is 4.0.34, with an initial release date of January 17, 2024.

The evaluation results show that the software configuration will not leak personally identifiable information (PII) except "iris code" during the registration process with the default opt-out, and it is recommended to further strengthen the configuration to enhance security. For non-default opt-in registration processes, PII is asymmetrically encrypted and stored on Orb's SSD, and the encryption mechanism does not allow Orb to decrypt it. Auditors found no known vulnerabilities or execution conditions that would compromise project objectives. Additionally, the latest code no longer saves any data, regardless of whether the user chooses data hosting. Auditors confirmed that Orb does not extract additional data from user devices during the registration process and only processes the QR code information provided by the user. At the same time, it was also pointed out that there are potential memory security issues in the inventory that scans the QR code, and replacement measures have been taken to enhance security. In addition, the user's iris code is handled securely and is not saved in Orb's persistent storage and is only sent to the backend in a single request, noting that "although this configuration can be improved to improve security (TOB-ORB- 10), but it should be impossible for a typical attacker to extract the iris code from Orb's network traffic; the attacker would have to control one of the trusted certificates."

Controversial Sushi DAO financial proposal has passed the implementation vote. , intends to transfer financial assets controlled by the DAO to Sushi Labs

Regarding a controversial Sushi DAO financial proposal, which proposed to transfer more than $40 million, passed with 98.79% support in the implementation vote. The financial assets controlled by the DAO are transferred to a new vault managed by Sushi Labs, ensuring that all future airdrops are sent directly to "Sushi Labs" and not the "DAO". The proposal also aims to "give Sushi Labs full and exclusive operational responsibility for core product development."

This proposal was criticized in the Signal vote, with accusations that the core development team created new wallets before the vote to increase the team’s voting power. Former SushiSwap related person Naïm Boubziz once commented that the proposal aims to "destroy the DAO."

Upbit will suspend deposit and withdrawal services for crypto assets exceeding 1 million won

PANews News on April 17, according to Cointelegraph, South Korean crypto exchange Upbit announced that due to the suspension and termination of Ten&Ten’s travel Rules Solutions Services, which will suspend deposits and withdrawals of digital assets exceeding 1 million won (approximately US$721). It is reported that Ten&Ten is one of Upbit’s deposit and withdrawal service providers. The Ten&Ten exchange service stopped trading support on April 15, and the deadline for withdrawing crypto assets is 9:00 on April 22.

Investment and Financing

a16z has raised $7.2 billion in new funding and plans to raise more in 2025

According to Bloomberg, venture capital firm Andreessen Horowitz (a16z ) has raised $7.2 billion in new funding, with the final total exceeding the company’s earlier fundraising goal by about 4%. The funds will be allocated to different businesses within the company. These include American Dynamism, a business focused on startups driving "national interest," which raised $600 million; growth businesses or late-stage startups, which raised $3.75 billion; and a gaming business, which raised $600 million.

AI is not a stand-alone fund because artificial intelligence (AI) now plays a prominent role in nearly all startups, according to a person familiar with the company’s thinking. Another person familiar with the matter said Andreessen Horowitz still plans to raise more funds focused on cryptocurrencies and biotech in 2025.

Homium, a real estate equity mortgage lender and tokenization platform, completed $10 million in Series A financing

According to The Block, Homium, a real estate equity mortgage lender and tokenization platform, completed $10 million in Series A financing , Sorenson Impact Group and Avalanche’s Blizzard Fund led the round.

It is reported that Homium, a real estate equity mortgage lender and tokenization platform, has launched its first home equity loan on Avalanche. Homium loans are currently available in Colorado, with plans to expand to other states. As part of getting the loan, the homeowner promises a share of the appreciation in the home's price. For investors (i.e. those who fund the loans), they receive a tokenized asset that tracks the price appreciation of a shared pool of appreciating home loans issued on Homium.

SendingNetwork, a DePIN project focusing on Web3 communications, completed $7.5 million in seed expansion financing

According to The Block, SendingNetwork, a DePIN project focusing on Web3 communications, announced the completion of $7.5 million in seed expansion financing, Nomad Several investors including Capital, Symbolic Capital, Web3.com Ventures, Galxe, SWC Global, Balaji Srinivasan and Yield Guild Games co-founder Gabby Dizon participated. The funding round was structured as a Simple Agreement for Future Equity (SAFE) and closed last October. This seed extension brings SendingNetwork’s total funding to $20 million, following a $12.5 million seed round early last year.

SendingNetwork is a DePIN project that aims to decentralize communications by building a new Transmission Control Protocol/Internet Protocol (TCP/IP) stack. TCP/IP is a set of protocols that govern communications over the Internet, facilitating the transfer of data between devices. SendingNetwork aims to provide developers and users with a more efficient, secure and flexible communication experience. For example, it is developing a “decentralized router” that it says will replace IP addresses with wallet addresses.

On-chain financial platform Centrifuge has completed $15 million in Series A financing, with participation from IOSG Ventures and others

According to official news, on-chain financial platform Centrifuge announced the completion of $15 million in Series A financing, with ParaFi Capital It co-led the investment with Greenfield, with participation from IOSG Ventures, Circle Ventures, Arrington Capital, the Spartan Group, Wintermute Ventures and others. The new funds will be mainly used for product development, building practicality on the chain, ecosystem growth, and talent recruitment.

According to reports, Centrifuge was founded in 2017 as a real-life asset tokenization platform, aiming to build a safe, compliant, and high-end platform between traditional finance and decentralized finance (DeFi). bridge. Centrifuge plans to build an institutional-grade RWA lending market on the Base chain and integrate it with Coinbase Verification.

Important data

Data: BlackRock IBIT trading volume on April 16 was US$1.24 billion, Grayscale GBTC was US$526 million

Bitcoin spot ETF on April 16 The trading volume data are as follows: BlackRock IBIT $1.24 billion, Grayscale GBTC $526 million, Fidelity FBTC $421 million, ProShares BITO $273 million, ARKB $97 million, and BITB $79.81 million.

The total net outflow of Bitcoin spot ETF yesterday was US$58.03 million, and the single-day net outflow of Grayscale GBTC was US$79.38 million

According to SoSoValue data, Bitcoin yesterday (April 16, Eastern Time) The total net outflow of spot ETFs was US$58.03 million. Yesterday, the Grayscale ETF GBTC had a single-day net outflow of US$79.38 million. The current historical net outflow of GBTC is US$16.46 billion. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of approximately US$25.78 million. This was followed by VanEck ETF HODL, with a single-day net inflow of approximately $3.56 million. As of press time, the total net asset value of the Bitcoin spot ETF is US$52.73 billion, the ETF net asset ratio (market value as a proportion of the total market value of Bitcoin) reaches 4.25%, and the cumulative historical net inflow has reached US$12.43 billion.

Tether issued US$848 million in USDT yesterday and redeemed US$167 million in USDT

According to the latest data from ChainArgos, Tether (USDT) conducted a large-scale issuance and redemption on April 16 Back to activity. A total of US$848 million in USDT was issued that day, while US$167 million in USDT was redeemed. Issuance part: A total of approximately US$598 million in USDT was transferred to Bitfinex via the intermediate address, and approximately US$181 million in USDT was transferred to Kraken via the intermediate address in multiple transactions. Redemption part: The Bitfinex address redeemed US$160 million, and the Binance 16 address redeemed more than US$7 million.

Celsius Network deposited 8,091 ETH into Coinbase 9 hours ago

Celsius Network deposited 8,091 ETH (approximately $24.45 million) into Coinbase 9 hours ago, each ETH Price is approximately $3,022. This is the largest ETH deposit Celsius has made in the past three months. Previously, from November 13, 2023 to January 31, 2024, Celsius Network had transferred 847,626 ETH (approximately US$1.9 billion) to FalconX, Coinbase, OKX and Paxos. These transfers were allegedly for some OTC exchanges. Transaction (OTC) processing.

The total amount of investment transactions in the Web3 field increased by 55% in Q1 this year, and the number of transactions increased by 36%

According to Cointelegraph, according to the first quarter on-chain report released by QuickNode and Artemis, total investment in Web3 companies increased by 55% in the first quarter of 2024, and the number of investment transactions increased by 36% compared with the previous quarter. Artificial intelligence (AI) and gaming-related Web3 protocols accounted for the majority of investment.

In addition, seed round transactions grew the fastest, with a month-on-month increase of 53%, indicating an increase in interest in early-stage investment transactions. Capital inflows in Series A and Seed rounds nearly doubled compared to the previous quarter, "reflecting venture capital firms' renewed willingness to invest in Web3," the report said.

Parcl TVL fell 40% from the high point on April 1, and its PRCL token fell more than 36% in one day

DefiLlama data shows that the total locked value of Solana ecological real estate transaction agreement Parcl ( TVL) is currently about $109.86 million, down 40% from its April 1 high of $185.59 million. According to CoinMarketCap data, after airdropping 80 million PRCL tokens with an initial value of $0.8255, its value quickly fell to a low of $0.45 earlier today. The current PRCL token price is $0.5212, a drop of 36.11 in one day. %.

In addition, other airdrop tokens on Solana have performed weakly, including Wormhole’s W, which has plummeted 56.4% since its launch on April 3, The Block reported. NFT platform Tensor’s TNSR token has lost half of its value since the airdrop.

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The above is the detailed content of PA Daily | a16z has raised $7.2 billion in new funding; the Super Artificial Intelligence Alliance ASI is scheduled to launch on May 24 and the combined valuation will reach $7.5 billion. For more information, please follow other related articles on the PHP Chinese website!