[Link to FM] Coinbase discloses a list of 50 assets to be launched in the second quarter, NFT market LooksRare launches a bug bounty program

【Data Intelligence】

BitMEX Research: The total market capitalization of 21 listed bitcoin mining companies has exceeded $15 billion

According to the data disclosed by the official social media account of BitMEX Research, the total market value of the 21 listed bitcoin mining companies has exceeded 15 billion US dollars. BitMEX stated that by comparing the current market conditions with the Bitcoin mining industry in 2012/14, it is found that capital is currently frantically pouring into this field, so they judge that the network computing power will increase significantly. According to the data, the current largest bitcoin mining company by market capitalization is CORE SCIENTIFIC (about 2.6375 billion U.S. dollars), MARATHON DIGITAL (2.3372 billion U.S. dollars) and RIOT BLOCKCHAIN (1.9561 billion U.S. dollars) ranked second and third respectively. In addition, the market value of NORTHERN DATA It is about 1.4076 billion US dollars. The market value of these four listed mining companies is more than 1 billion US dollars, and they are "unicorns" in this field.

NFT marketplace LooksRare launches bug bounty program with rewards of up to $1 million

According to news on April 11, the NFT market LooksRare launched a bug bounty program on the Web3 bug bounty platform Immunefi, focusing on its smart contracts, websites and applications, aiming to prevent users' NFT and fund losses. The program will pay out bounties based on the level of vulnerability, up to $1 million.

【 Regulatory News 】

UAE launches Digital Economy Council

According to news on April 12, on the 11th local time, under the auspices of the UAE Vice President, Prime Minister and Dubai Sheikh Mohammed, the UAE Cabinet meeting adopted the UAE Digital Economy Strategy, planning to integrate the digital economy in the UAE's non-oil GDP in the next few years. The proportion of (GDP) has increased to 20%. At the same time, a special digital economy committee has been established, led by the UAE Minister of State for Artificial Intelligence, Digital Economy and Telecommuting Applications Omar.

US SEC: Compensation for losses caused by investing in G-Coins or G-Dollars from April to July 2020

According to the news on April 11, the US SEC announced the distribution of GTV Media Group's fair funds. According to the calculation method detailed in the distribution plan, investors will purchase securities (G-Coins) between April 2020 and June 2020. or G-Dollars, etc.) are compensated for investment losses. In the opinion of the Committee staff and the Fund Manager, this approach constitutes a fair and reasonable allocation of equitable funds. Previously, on September 13, 2021, the US SEC announced charges against GTV Media Group Inc. and Saraca Media Group Inc., both headquartered in New York City, and Voice of Guo Media Inc., headquartered in Phoenix, Arizona, for conducting illegal GTV general The SEC also accused GTV and Saraca of conducting an illegal unregistered offering of digital asset securities known as G-Coins or G-Dollars. The defendants have agreed to pay $539 million to settle the SEC lawsuit.

【Industry Trends】

Ethereum's first mainnet shadow fork "shadow fork" goes live

Ethereum's first mainnet shadow fork, the "shadow fork," went live Monday as ethereum gradually transitions to a proof-of-stake (PoS) mechanism. Parithosh Jayanthi, an Ethereum Foundation developer, said shadow forks are a way to "stress test assumptions about synchronization and state growth" and that they will also provide "a way to check whether our assumptions apply to existing testnet and/or mainnet". Jayanthi warned that the shadow fork will share some data with the ethereum main network, so some transactions may appear on both chains. Ethereum developer Tim Beiko said the outcome of the shadow fork is key in determining when the final merge will take place. According to block explorer data shared by developer Marius Van Der Wijden, as of press time, the shadow fork has processed 1,166,016 transactions, with an average block time of 14.8 seconds. Earlier on the evening news on April 11, Ethereum developers said that they are testing PoS on Ethereum and will conduct the first shadow fork of the main network.

Asset Manager IDEG Partners with Coinbase Prime to Launch Actively Managed Fund on Ethereum

On April 12, asset management company IDEG cooperated with Coinbase Prime to launch an actively managed fund for Ethereum. The fund tracks the price of Ethereum while using futures arbitrage strategies to increase returns and smooth volatility. The fund will become a new Part of the TIMES (Trust, Interest, Mining, Yield and Structured Solutions) product suite, the exact size of the fund has not been disclosed. Note, Coinbase Prime is an integrated solution launched by Coinbase, providing services such as secure hosting, advanced trading platform, etc.

Coinbase will cooperate with BAYC and ApeCoin to produce interactive movies

On April 12th, Coinbase’s official Twitter released a notice saying “Something is coming, probably nothing”. Later, Coinbase tweeted that it will produce a trilogy of interactive films related to Bored Ape Yacht Club (BAYC) and the ApeCoin community. Users can submit their own Bored Ape on degentrilogy.com (need to create a Coinbase wallet first) to participate in movie casting. It is reported that the first part of the "The Degen Trilogy" animated short film series will premiere on NFT.NYC in June this year. Coinbase is testing a new media division that produces its films, led by entertainment and cultural marketing director William Swann. After these movies are released, users must create a Coinbase wallet to watch them. The series will also be integrated with the long-awaited Coinbase NFT marketplace, which will launch “soon,” Swann said.

Uniswap Labs officially established a venture capital department and has previously invested in 11 crypto startups

Uniswap Labs established a venture capital arm, Uniswap Labs Ventures, with assets directly from Uniswap Labs' balance sheet, which will invest in cross-category Web3 projects and start-ups focused on building blockchain infrastructure, developer tools, and consumer-facing applications , to help it build and scale in terms of strategy, product, partnerships, engineering, and design, and also plans to participate in the governance systems of MakerDAO, Aave, Compound, and ENS. Uniswap Labs has invested in 11 startups and projects before launching its venture arm, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero and Ethereum developer platform Tenderly.

Forbes and FTX to Release Virtual Billionaire NFT Series on April 13

On April 11, Forbes has reached a cooperation with FTX and will launch the NFT series on April 13. Forbes subscribers can access the series in advance on April 11. The auction initially offered 100 virtual NFT billionaires. Additionally, Forbes has unveiled a preview of its collection of virtual billionaire NFTs. In previous news, Forbes magazine announced that it will issue a virtual billionaire NFT in April. Users need to create an FTX US account, complete KYC, and prepare at least 0.25 ETH to participate in casting NFT. Forbes subscribers can ensure participation 48 hours in advance.

【Elite Viewpoint】

Bloomberg: Musk does not join Twitter's board of directors or wants to buy more shares

Tesla CEO Elon Musk has decided not to join Twitter's board of directors, according to social media giant Twitter CEO Parag Agrawal. However, according to the latest news from Bloomberg, Musk did not join Twitter’s board of directors or because he wanted to buy more shares. Musk currently holds about 9% of Twitter’s shares, and according to the internal restrictions of Twitter’s board of directors, his shareholding cannot exceed 14.9%. , which means that he cannot get a voice on the board of directors, not only cannot take over Twitter, but also cannot have much influence on the Twitter service, because it is very difficult to influence the product decisions of the board of directors. Bloomberg's report pointed out that Musk wants to acquire and influence Twitter. By giving up his board seat, Musk can buy more Twitter company shares.

【What to watch today】

Coinbase reveals list of 50 assets ready to go live in Q2

Wu said that Coinbase disclosed a list of 50 assets ready to go live in the second quarter: — Aleph.im (ALEPH) Arcblock (ABT) BiFi (BIFI) Big Data Protocol (BDP) Binance USD (BUSD) BitDAO (BIT) Botto ( BOTTO) Chrono.tech (TIME) Coin98 (C98) DappRadar (RADAR) DEXTools (DEXT) DFX Finance (DFX) Dope Wars Paper (PAPER) Drep [new] (DREP) Elastos (ELA) Gemini USD (GUSD) Honey (HNY ) Hopr Token (HOPR) Index Cooperative (INDEX) Indexed Finance (NDX) Jupiter (JUP) Kromatika (KROM) LockTrip (LOC) MATH (MATH) Monavale (MONA) Morpheus Labs (MITX) mStable Governance Token: Meta (MTA)Muse (MUSE) Nest Protocol (NEST) Opacity (OPCT) OpenDAO (SOS) PARSIQ (PRQ) PolkaFoundry (PKF) Polkamon (PMON) RAC (RAC) SelfKey (KEY) StackOS (STACK) StaFi (FIS) Strike (STRK) Student Coin (STC) SwftCoin (SWFTC) Sylo (SYLO) TE-Food (TONE) UnMarshal (MARSH) Wrapped Ampleforth (WAMPL) Apricot Finance (APT) Bitspawn (SPWN) Green Satoshi Token (GST) Media Network (MEDIA) Realy (REAL) .

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