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Rhythm Morning Post|BRC-20 tokens generally rise; JP Morgan CEO says he will never buy Bitcoin

Mar 12, 09:43
Rhythm Morning Post|BRC-20 tokens generally rise; JP Morgan CEO says he will never buy Bitcoin

Selected news:

1. BRC-20 tokens have generally risen, with ORDI rising by more than 12% in 24 hours;

2. MicroStrategy Buy 12,000 Bitcoins at an average purchase price of US$68,477;

3. The classic MMORPG game "MapleStory" will launch a Web3 version based on Avalanche;

4. Trang Trump: If re-elected as president, he will not crack down on the use of Bitcoin or other cryptocurrencies through regulatory agencies;

5. JP Morgan CEO: I personally will never buy Bitcoin


Price Watch


"Blue Chip" NFT floor prices fell generally, BAYC fell more than 19% on the 7th

On March 12, according to Blur market data, "Blue Chip" NFT series floor prices generally fell, among which:


Pudgy Penguins floor price was temporarily reported at 13.75 ETH, a drop of 11.86% on the 7th;

LilPudgys floor price The price is temporarily reported at 1.15 ETH, a decrease of 12.65% on the 7th;

BAYC’s floor price is temporarily reported at 15.2 ETH, a decrease of 19.87% on the 7th;

MAYC’s floor price is temporarily reported at 2.35 ETH, with a decrease of 19.87% on the 7th. A drop of 26.54%;

The floor price of DeGods was temporarily reported at 1.42 ETH, a drop of 44.74% on the 7th;

The floor price of Azuki was temporarily reported at 3.93 ETH, a drop of 14.5% on the 7th.


BRC- 20 series tokens generally rose, with ORDI rising by more than 12% in 24 hours

On March 12, according to market data, BRC-20 series tokens generally rose, including:


ORDI is currently quoted at US$81.68, with a 24-hour increase of 12.43%.

SATS is currently quoted at $0.0(6)7, with a 24-hour increase of 15.41%;

RATS is currently quoted at US$0.000439, with a 24-hour increase of 12.57%;

MICE is currently quoted at US$0.0288, with a 24-hour increase of 27.1%.


CELO rises Breaking through $1.6, the 24-hour increase expanded to 40%

On March 11, according to OKX market data, CELO rose to break through $1.6, and is now quoted at $1.6292, with the 24-hour increase expanding to 40% .


US stocks open , cryptocurrency-related stocks generally rose, Coinbase (COIN.O) rose 5.1%

On March 11, US stocks opened, the three major stock indexes opened lower, the Dow opened down 0.14%, the benchmark The S&P 500 opened lower by 0.28%, and the Nasdaq opened lower by 0.16%. Bitcoin topped $72,000, and cryptocurrency-related stocks rose broadly, with Coinbase (COIN.O) rising 5.1%, MicroStrategy (MSTR.O) rising 7.3%, and Marathon Digital (MARA.O) rising 5%. Nvidia (NVDA.O) opened 0.3% lower and closed down 5.6% on Friday.


Bitcoin Breaking through $72,000, setting new record highs today

On March 11, according to OKX market data, Bitcoin broke through $72,000, and is now quoted at $72,143, setting new record highs today.


Transaction Tracking


dForce transferred 2.44 million ARB to Binance, equivalent to approximately US$5.06 million

On March 12, according to Ember Monitor, the Arbitrum Foundation issued a DAO airdrop of 112 million ARB to 137 ecological projects on Arbitrum when it issued ARB last year, of which the DeFi protocol dForce received 2.44 million ARB. An hour ago, dForce transferred the 2.44 million ARB (approximately $5.06 million) to Binance via the 0x6c4 address.


Some whale Withdraw 8,000 ETH from Binance and go long ETH through revolving loans

On March 11, according to Lookonchain monitoring, a whale withdrew 8,000 ETH from Binance today (approximately US$32.3 million) , and then deposited it into Maker through another address and lent out 21.7 million DAI. The whale then exchanged 21.7 million DAI for 21.7 million USDC and deposited it into Binance to purchase more ETH.


Grayscale A total of approximately 4,405 BTC were transferred to the Coinbase Prime address

On March 11, according to Arkham data, Grayscale transferred approximately 4,405 BTC to the Coinbase Prime address 2 hours ago, worth approximately A total of US$318 million.


In addition, Grayscale also transferred 629 Bitcoins (worth approximately $45 million) to 1 new address.


Justin Sun The address once again deposited 7 billion FLOKI into Poloniex

On March 11, according to monitoring by on-chain data analyst @ai_9684xtpa, Justin Sun’s address starting with 0x176 once again deposited 7 billion FLOKI into Poloniex. Poloniex multi-signature wallet, worth $1.91 million.


It is reported that these 7 billion FLOKI were deposited into Poloniex on March 10, but were subsequently transferred back.


MicroStrategy Buy Invested 12,000 Bitcoins at an average purchase price of $68,477

On March 11, MicroStrategy announced that between February 26 and March 10, 2024, the company had used Its recent private placement of approximately US$781.1 million in convertible senior notes and an additional US$40.6 million in cash resulted in the purchase of approximately 12,000 Bitcoins for a total of approximately US$821.7 million, at an average purchase price of approximately US$68,477 per coin (including fees and expenses ). As of March 10, 2024, MicroStrategy and its subsidiaries held approximately 205,000 Bitcoins with a total purchase price of approximately $6.91 billion, with an average purchase price of approximately $33,706 per coin (including fees and expenses).


Project News


Bounce Brand hinted that it may launch a decentralized node "AUCTIONAI" that supports AI agents

On March 12, The decentralized auction platform Bounce Brand published "AUCTIONAI", saying that it is a decentralized node that supports artificial intelligence agents and is a bridge between artificial intelligence and Web3. It enhances AUCTION's pledge through innovative practical tools and security.


Stacks link Creation: Stacks pre-launch test network Argon is now online

On March 12, Stacks Lianchuang Muneeb Ali posted on social media that “Stacks’ pre-launch test network (Argon) is now online Online, this milestone integrates the various components leading up to the launch of the Stacks Nakamoto upgrade plan. Following network state machine updates and further testing, developers are moving towards mainnet launch."


Memeland launches social staking protocol Stakeland , you can stake MEME to obtain new tokens

On March 12, the NFT project Memeland announced the launch of Stakeland, a community-first social staking protocol. The main goal is to strengthen the Memeland ecosystem and promote Memecoin. Growth, the platform allows users to stake their crypto assets, such as MEME or other tokens, to earn new tokens from emerging projects.


Taproot assets Issuance protocol Flash Protocol will launch tokens this month

On March 12, Taproot asset issuance protocol Flash Protocol announced that its token FLASH will be launched this month.


Blast announced The annualized yield of ecological stablecoin USDB increased to 15%

On March 12, Blast announced that with the recent update of MakerDAO’s yield, Blast’s USDB yield has increased. Right now, USDB holders can enjoy 15% annualized yield plus Blast Points. Blast users can obtain USDB by bridging stablecoins (USDC, USDT, DAI) to Blast, or by exchanging ETH or other assets for USDB on the Blast Mainnet.


It is worth noting that this yield increase only applies to USDB. Meanwhile, Blast’s ETH/WETH yield remains at around 4% (plus Blast Points).


Kamino announced There will be a special airdrop for OG users and the points system will be adjusted

On March 12, in response to community feedback, Kamino Finance announced that it will reveal more information about the KMNO airdrop in the next two weeks and will address two major community concerns: First, rewards for using Kamino for the longest time users (OG Drop), and the second is to limit the "dilution effect" of new inflows by adjusting the points system.


OG users will receive a special airdrop of KMNO, which will be an additional reward on top of the 7% community allocation. In addition, starting tomorrow, the points system will undergo major adjustments, and specific details will be announced in subsequent announcements.


zkLend will The first batch of airdrops was launched on March 14, and 42,695 early supporters received an airdrop of 4% of the total token supply

On March 11, the Starknet ecological DeFi protocol zkLend will be launched on March 14 The first batch of airdrops will be launched today, and 3,890,250 ZEND tokens (approximately 4% of the total token supply) will be distributed to 42,695 early supporters.


25% of the airdrop tokens will be unlocked immediately on March 14th, and the remainder will be unlocked linearly over 90 days.


According to the announcement, more than 35% of zkLend tokens will be used for reward distribution, including future airdrops and other incentives.


Starknet Fund Will announce the establishment of a Game Committee and reserve 50 million STRK for this purpose

On March 11, the Starknet Foundation announced the establishment of a Game Committee, which is composed of six experts and is tasked with promoting The growth of gaming on Starknet. The committee's role includes analyzing, strategizing and recommending plans to expand Starknet's gaming ecosystem, with success measured through usage metrics such as daily active users, retention and revenue.


Committee members are appointed by the Starknet Foundation Board of Directors and include Henri Lieutaud from the Starknet Foundation, Oli Freuler from Starkware, Gabin Marignier from Focus Tree, Unstoppable Games' Chris Lexmond, Tarrence van As of Cartridge and Loaf of Loot Realms.


Chainflip announced the full launch of the protocol and Introducing the token FLIP destruction mechanism

On March 11, Chainflip Labs announced that its protocol was fully online. Users can now exchange native BTC, ETH and DOT. In addition, Chainflip Labs also introduced a FLIP purchase and destruction mechanism.


In this update, Chainflip Labs has activated the FLIP purchase and destruction mechanism. Each exchange through the protocol deducts a 0.1% fee for the purchase and destruction of FLIP tokens. As transaction volume increases through the protocol, more FLIP will be burned.


Chainflip Labs also revealed that new features will be launched in the future to further improve the exchange rate, including a detailed agent information panel, as well as the integration of new assets and chains . Assets and chains that will be integrated in the near future include USDT, Solana, and Arbitrum.


Classic MMORPG The game "MapleStory" will launch a Web3 version based on Avalanche

On March 11, South Korean game publisher Nexon Group announced that its 2D massively multiplayer online role-playing game "MapleStory" will Cooperated with Ava Labs to officially enter the Avalanche network and launch a Web3 version called "MapleStory Universe". This cooperation aims to provide players with a new experience based on Web3.


DREP Chain Launch of private test network Pheme, and meme currency airdrop will be conducted when the main network is launched in Q3

On March 11, the DREP Foundation announced the launch of DREP Chain private test network Pheme, aiming to provide performance, An optimized balance of decentralization, scalability, security and interoperability. In addition, the DREP Foundation also stated that it will conduct the first Meme coin airdrop with the release of the DREP chain mainnet (planned in the third quarter of 2024) to reward community members.


Tether: USDT is coming to Celo soon Launched on the Internet

On March 11, Tether officially announced that its stablecoin Tether Token (USDT) will soon be launched on the Celo blockchain network. This move marks a further expansion of the USDT stablecoin ecosystem and will provide users of the Celo network with more liquidity and stable currency options. Celo is a blockchain platform dedicated to improving the usability and sustainability of cryptocurrency. The addition of USDT will further promote the development of its ecosystem and provide its users with more diverse services and experiences.


Unibot On The Solana team announced that it will rebrand and part ways with the mainnet team

On March 11, the Unibot On Solana team issued a statement detailing the dispute with the Unibot mainnet team and announced Future independent development plans. Since the project's inception, the Unibot On Solana team, with advisory support from Primordium Group, has been responsible for branding, announcements, partnerships and community growth strategy. Faced with the declining statistics and stagnant development of mainnet Unibot, as $UNIBOT token holders, the team chose to continue development under the Unibot brand and reached an agreement with the Unibot mainnet team to independently operate the robots on Solana to Ensure security, scalability, and increase delivery speed. However, with the success of the Solana bot and the reduction of $UNIBOT token taxes, the mainnet team began to exert pressure in an attempt to control the income of the Solana bot and spread unfounded panic messages (FUD) after the plan was not feasible, while announcing Will launch its own Solana robot.


The Unibot On Solana team clearly refuted these FUDs in the statement, emphasizing that the security architecture and controls have not changed, the funds are safe, and can support more than 10,000 daily active users The infrastructure for users remains unchanged, and the team has passed KYC certification for multiple key business partners. In light of the negative culture created by the mainnet team and the continued decline in mainnet bot usage, the Solana team has decided to rebrand and completely separate from the Unibot mainnet team, while committing to continue distributing revenue share from Solana bots to $UNIBOT holders .


Telegram reaches 900 million users Close to profitability, founders consider IPO

Telegram has reached 900 million users on March 11 and the company is getting closer to profitability, paving the way for a possible massive stock market listing . Telegram founder Pavel Durov revealed in an interview with the Financial Times that since the introduction of advertising and premium subscription services two years ago, the Dubai-based social media app has become one of the most popular social media apps in the world. Reaching "hundreds of millions of dollars." "We hope to be profitable this year or next," Durov said, giving his first public interview since 2017.


Durov also mentioned that despite having received more than $30 billion in valuations from potential investors, including "Global Late Technology Funds," But while exploring a future initial public offering (IPO), he ruled out selling the platform. Durov emphasized that the main reason for launching a for-profit model was to maintain independence and viewed the IPO as a means to democratize access to Telegram’s value.


CeFi Information


Binance financial management, flash exchange, and leverage are listed on Metis (METIS)

On March 11, according to the official announcement, Binance The financial management and flash swap trading platform has launched the new asset Metis (METIS). In addition, Binance will launch the new asset at 23:00 on March 11, 2024 (East Eighth District time) and 11:00 on March 13, 2024 (East Eighth District time). time) to launch METIS on the leverage and fixed investment platforms.


Opinion data


Fidelity FBTC had a net inflow of US$215.5 million yesterday

On March 12, according to data from Farside Investors, Fidelity FBTC had a net inflow of $215.5 million yesterday.


VanEck HODL Yesterday's net inflow was US$118.8 million, setting its highest single-day record

On March 12, according to data from Farside Investors, VanEck HODL had a net inflow of US$118.8 million yesterday, setting its highest single-day record.


In addition, Grayscale GBTC had a net outflow of $494.1 million yesterday.


Coinbase Report : Although Bitcoin hits a new all-time high, it may face short-term resistance

On March 12, Coinbase said in a report on Friday that although Bitcoin (BTC) A new all-time high was set, but the cryptocurrency market faces some macro headwinds and negative technical factors in the near term, which may limit further gains.


Analysts David Duong and David Han wrote: "The initial rise was triggered by short trades, but the U.S. Spot Bitcoin ETF remains a source of demand for Bitcoin. Important support."


In previous cycles, "liquidity conditions" were the main impediment to price momentum, but this no longer appears to be the case. However, these supportive factors "are likely to encounter some significant macro and technical headwinds in the coming weeks," the authors wrote. (CoinDesk)


Bernstein Report: More confident that Bitcoin will reach $150,000 by mid-2025

On March 12, according to CoinDesk, analysts at Bernstein said on Monday that the With the largest digital asset by market capitalization hitting new all-time highs this year, they are more confident in their prediction that Bitcoin (BTC) will reach $150,000 by mid-2025.


The analyst also predicted that Bitcoin will "break out" after the next halving event, and despite the decline in miner share prices, it still maintained its bullish forecast for the share prices of some miners.


Bernstein reiterated a $150,000 price target for the world’s largest cryptocurrency, citing booming exchange-traded fund (ETF) inflows, and Says investors should buy Bitcoin mining stocks to gain exposure to the coming rally.


CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 97%

On March 12, according to CME "Fed Watch" data, the Federal Reserve kept interest rates at 5.25%-5.50 in March The probability of keeping the % range unchanged is 97.0%, and the probability of cutting interest rates by 25 basis points is 3.0%.


JPMorgan Chase CEO: I will personally never buy Bitcoin

On March 12, JPMorgan Chase (JPM.N) CEO Jamie Dimon said, “I personally will never buy Bitcoin. 》


》 "Fed Speaker": Biden's latest budget shows that interest rates will not fall, and the market should not overprice.

On March 12, "Federal Reserve Speaker" Nick Timiraos wrote an article saying that Biden's speech last week The campaign expressed optimism that the Federal Reserve would cut interest rates soon. But its economic forecasts in Monday's budget delivered a different message: Interest rates won't be falling anytime soon, and markets need to rein in themselves. "I can't guarantee, but I would bet that the little agency that sets interest rates is going to cut rates," Biden said last week. However, economic forecast data released in the White House's 2025 budget proposal showed three-month Treasury yields this year. Rates will average 5.1%, the same as in 2023, and are expected to fall to 4% next year and to 3.3% in 2026.


VanEck announces its Bitcoin spot ETFs will waive some management fees until March 31, 2025

On March 12, VanEck announced that from March 12, 2024 to March 31, 2025, VanEck Bitcoin Trust (HODL) will waive all administrative fees for the initial $1.5 billion in trust assets. If trust assets exceed $1.5 billion by March 31, 2025, the management fee on the excess will be 0.20%. All investors will bear the same management fee, which is a weighted average of these rates. After March 31, 2025, the administrative fee will revert to 0.20%.


Ethereum The market value of Ethereum reached US$485.9 billion, surpassing Wal-Mart and ranking 19th in the global mainstream asset rankings

On March 11, data showed that Ethereum’s current market value was US$485.9 billion, surpassing Wal-Mart ( US$483.3 billion), ranking 19th in the global mainstream asset rankings.


tron Trump: If re-elected as president, he will not crack down on the use of Bitcoin or other cryptocurrencies through regulatory agencies

On March 11, former US President Donald Trump said in an interview with CNBC Said that if re-elected as president, his administration will not crack down on the use of Bitcoin or other cryptocurrencies through regulators. Bitcoin is already widely used. Trump said he noticed that many of the recently launched Trump-branded sneakers were paid for in cryptocurrency. When asked if he had purchased Bitcoin, Trump said he did not own any but sometimes asked people to pay via Bitcoin.


Data: CME Bitcoin futures open interest exceeds $10 billion for the first time

On March 11, according to Coinglass data, the open interest volume of Bitcoin futures on the Chicago Mercantile Exchange (CME) currently stands at 148,320 BTC (worth approximately $10.7 billion).


CoinShares: Last week, digital asset investment products had a net inflow of US$2.7 billion, a record high

On March 11, according to the CoinShares weekly report, digital asset investment products recorded the highest single volume on record last week. Weekly inflows totaled $2.7 billion, bringing total year-to-date inflows to $10.3 billion, just below the record inflows of $10.6 billion for all of 2021. Trading volume hit $43 billion last week, also a record high. The latest price gains have pushed total assets under management (AUM) to a record high of $94.4 billion, a 14% jump on a single week basis and up 88% year to date.


Bitcoin remains the focus of investors' attention, with $2.6 billion in inflows, and year-to-date inflows now account for 14% of total assets under management. Solana received $24 million in inflows last week after a round of negative sentiment. Conversely, Ethereum is on better footing with year-to-date inflows, having seen minor outflows of $2.1 million last week. Other noteworthy inflows include Polkadot, Fantom, Chainlink, and Uniswap at $2.7 million, $2 million, $2 million, and $1.6 million respectively. Blockchain stocks saw small outflows totaling $2.5 million.


Financing Express


Chain game MetaCene completed US$10 million in Series A financing, led by Folius Ventures and SevenX Ventures

March 12 , according to GlobeNewswire, the blockchain MMORPG game MetaCene announced the completion of a $10 million Series A private financing, led by Folius Ventures and SevenX Ventures, with participation from The Spartan Group, Mantle Network, Animoca Ventures, Longling Capital, Comma3 Ventures, IGG and others.


It is reported that as the release of commercial version 1.0 in 2024 approaches, MetaCene aims to turn its co-creation and co-governance vision into reality through AI integration and blockchain assets.


USDe Development Developer Ethena Labs received investment from Avon Ventures, a fund of the parent company of Fidelity Investments

On March 12, USDe developer Ethena Labs announced that it had received investment from Avon Ventures, a venture fund of FMR LLC, the parent company of Fidelity Investments. .


Paradigm positive Negotiating to lead a financing round of more than US$200 million in Monad Labs

On March 12, Fortune magazine reported, citing people familiar with the matter, that Paradigm was negotiating to lead a round of financing in Monad Labs. to negotiate a financing round in excess of US$200 million.


The funding round will follow Monad Labs’ $19 million seed round announced in February 2023, adding to the startup’s The valuation reached US$3 billion. Paradigm is understood to have said it would commit $150 million and has been contacting other investors since late 2023 to see if they would be interested in joining the round.


If successfully completed, Monad Labs’ over $200 million funding round would be the largest cryptocurrency funding round so far in 2024, according to Crunchbase’s Web3 tracker. As Bitcoin continues to hit all-time highs. Monad Labs’ success among investors is also a sign of Jump Crypto’s continued impact. Two former Jump employees founded Monad in 2022, with the third founder coming from a non-crypto background.


A spokesman for Paradigm declined to comment when contacted by Fortune, while Monad Labs co-founder and CEO Keone Hon did not immediately respond to a request for comment. .


NFTfi completes $6 million A1 Round of financing, led by Placeholder VC

On March 11, peer-to-peer NFT lending protocol NFTfi announced the completion of a $6 million A1 round of financing, led by Placeholder VC, with Maven 11, Launch Labs Inc, Kahuna Ventures and others participated in the investment. It is reported that the total funding raised by NFTfi reached US$15 million.


Eclipse Labs Completed US$50 million in Series A financing, and the mainnet is expected to be launched in Q2

On March 11, Eclipse Labs announced the completion of US$50 million in Series A financing, co-led by Placeholder and Hack VC , bringing its total funding to $65 million. The round also saw participation from investors including Polychain Capital, Delphi Digital, Maven 11, DBA and Fenbushi Capital, as well as strategic investments from Flow Traders, GSR, Apollo Global Management and OKX Ventures. Eclipse Labs plans to use the funds to develop a second-layer solution for Ethereum using Solana Virtual Machine (SVM). The goal is to integrate the high performance of SVM with the deep liquidity of Ethereum to provide a second-layer solution that is different from existing second-layer solutions. new options.


Web3 Games Technology stack Blockus completed US$4 million in financing, led by Maple VC

On March 11, according to VentureBeat, Web3 game technology stack and payment provider Blockus announced the completion of US$4 million in seed round financing. , Maple VC led the investment, with participation from Altos Ventures, Zhuoxun Yin of Magic Eden, Michael Ma of CreatorDAO and Bryan Pelligrino of LayerZero. Prior to this funding round, Blockus participated in a16z Crypto’s Startup Accelerator.


Blockus' technology platform can help game studios build on-chain functions of games on players, including "wallet as a service" model, "wallet as a service" model, and white label NFT market and payment processing for fiat and crypto payments, among others.


UniSat won Japanese crypto VC CGV strategic investment

On March 11, according to official news, Bitcoin Ordinals/BRC-20 protocol open source wallet and infrastructure/service provider UniSat obtained a Japanese cryptocurrency investment agency CGV Strategic Investments.


Silicon Valley AI Web3 startup Bluwhale completed a $7 million seed round of financing, led by SBI

On March 11, Bluwhale, an AI Web3 startup based in Silicon Valley, announced the completion of a $7 million seed round of financing. This round The financing was led by SBI (including SBI Ven Capital and SBI Decima), Cardano, Momentum6, Primal Capital, NxGen, Ghaf Capital Partners, Spyre Capital, Baselayer Capital, Dragonfly’s managing partner Haseeb Qureshi, and “Guitar Hero” founder Charles Huang , Oculus founder Jack McCauley and Animoca (Japan), Gumi, MZ Crypto's cooperative funds, as well as Sygnum and Azimut participated in the investment.


Regulatory News


The U.S. Treasury Department once again proposed new cryptocurrency tax rules

On March 12, according to Blockworks, according to the U.S. Under President Joe Biden’s plan, the U.S. Treasury Department has once again proposed a raft of tax rules related to digital assets, including banning money laundering transactions and imposing a consumption tax on miners’ electricity costs.


The Treasury Department on Monday released its 2025 tax proposals, known as the "Green Paper," outlining Biden's tax proposals in the budget released on Monday.


The cryptocurrency-related proposals are largely a repeat of a 2023 presidential request that did not ultimately become law.


OpenAI Denies Musk's lawsuit claims that there was never a founding agreement

On March 12, according to CNBC, OpenAI challenged Tesla CEO Elon Musk this month A basic claim made in an earlier lawsuit against the startup.


In seeking to commercialize its ChatGPT chatbot and underlying artificial intelligence model, OpenAI has faced a series of legal disputes, including a lawsuit from Musk, and Infringement cases from The New York Times and the author. Last week, OpenAI mocked Musk's complaints in a memo and released emails involving him dating back to OpenAI's early days.


Musk claimed in his complaint earlier this month that he and OpenAI’s two other co-founders, Sam Altman and Greg Brockman, signed a 2015 “Founding Agreement”. Musk said the three agreed to form a new artificial intelligence lab that would be a nonprofit for human benefit and would not keep information secret for commercial gain.


"According to documents filed with the California Superior Court in San Francisco County, there is no founding agreement, or any agreement at all, with Musk." OpenAI said, "The founding agreement actually The above is a fictional story concocted by Musk in which he attempted to lay claim to the results of a business he initially backed, then gave up on, and then watched it succeed without him."


Coinbase requests appeal The court instructs the U.S. SEC to begin drafting cryptocurrency rules

On March 12, according to The Block, Coinbase stated in its opening statement submitted to the Third Circuit Court of Appeals that the appeals court should instruct the U.S. The Securities and Exchange Commission (SEC) begins a "long-delayed rulemaking process."


Coinbase said the SEC violated the Administrative Procedure Act because it did not conduct a rulemaking and did not elaborate on why it rejected Coinbase's rulemaking petition. The act regulates how federal agencies develop and issue rules.


"The SEC does not have the legal authority to extend the current securities regime to digital assets. But if the SEC insists on moving forward without congressional authorization, the decision must be made through a look-ahead The rules will be formulated and enforced based on the nature of the transaction," Coinbase said.


BlockFi Founder Man and former CEO leaves cryptocurrency industry to join real estate technology startup

On March 12, CoinDesk reported that as bankrupt cryptocurrency lending company BlockFi has partnered with FTX and Alameda Research BlockFi founder and former CEO Zac Prince has decided to leave the company and the cryptocurrency industry to join a company called Proptech startup Re Cost Seg.


Spanish High School The court upheld a temporary injunction against the Worldcoin iris scanning project

On March 11, the Spanish High Court announced on Monday that it had upheld a temporary injunction against the iris scanning enterprise project of Tools for Humanity and rejected the Worldcoin contribution. the petitioner's appeal. The court said in a statement that "protection of the public interest" must take precedence and that if the final ruling was in favor of lifting the ban, Tools for Humanity would be compensated for any lost revenue, rejecting the appeal's claim of "irreparable harm." argument.


In response to this, Worldcoin responded to BlockBeats in an email stating that it fully complies with all laws and regulations regarding biometric data collection and data transfer, including Europe’s General Data Protection Regulation (“GDPR”). As previous attempts to cooperate with the AEPD went unanswered, Worldcoin looks forward to the opportunity to demonstrate this compliance and provide the regulator with accurate and important information about this necessary and legal technology before the Spanish High Court.


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