As the cryptocurrency industry's recovery gathers pace, Genesis Digital Assets (GDA) is considering an initial public offering (IPO) in the United States, and the company is currently working with advisers on potential listing plans. One of the people familiar with the matter said that Genesis Digital Assets plans to launch a pre-IPO round of financing in the coming weeks. Discussions are still ongoing and the details of the financing plan may change.

Genesis Digital Assets can be traced back to one of the earliest cryptocurrency mining companies. Before FTX's collapse, the company had received more than null billion in investment from Alameda Research's venture capital arm. Genesis Digital Assets has 20 data centers in North America, Europe, Central Asia and South America, with a total power capacity of more than 500 megawatts. According to its website, the company has offices in Houston and Dubai.

Worldcoin announced a partnership with Web3 development platform Alchemy to provide infrastructure for World Chain. Alchemy will also work to integrate World ID into its toolset and promote it as an important part of Web3 infrastructure, providing seamless World ID access to millions of developers around the world.

By working with Alchemy, developers developing these important everyday applications on World Chain will have immediate access to a complete and comprehensive Web3 development platform, including core and data APIs, indexing solutions, and a set of other tools that developers need to build applications. These tools also include important account abstraction infrastructure, which improves the security of self-custodial wallets.

Ethereum infrastructure development company Consensys posted on social media, “Today, we are pleased to announce a major victory for Ethereum developers, technology providers, and industry participants: the U.S. Securities and Exchange Commission (SEC) Enforcement Division has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC will not bring charges that the sale of ETH is a securities transaction.”

Decentralized AI infrastructure Phoenix announced that it will release the next generation upgrade of Phoenix GenAI later this month, which will support the creation of up to 12-second clips in image-to-video and text-to-video modes using custom object motion patterns and elements.

Users will be able to put their own uploads into custom motions or use images generated by Phoenix GenAI's text-to-image model.

Ethernity announced the launch of the eponymous Ethereum second-layer expansion network Ethernity Chain, which integrates enhanced AI-driven security mechanisms and aims to set a benchmark for global brands to transition to blockchain.

Considering that the global entertainment and media market is expected to reach US$ 3.5 trillion by 2030, Ethernity Chain hopes to become the top platform for brands to import their franchises into the blockchain. Previously, the team has successfully put well-known IPs such as Lionel Messi, Shaq, and Muhammad Ali on the chain.

After discussions with industry leaders, Ethernity Chain provides brands with customized second-tier solutions. Its key features include: AI-enhanced security and digital rights management, plug-and-play toolkits for easy integration, and a friendly ecosystem that reduces gas fees. and 100% EVM compatibility that seamlessly integrates with existing standards.

Brands can leverage the Ethernity product suite and plug-in toolkit to build a new generation of Web3 applications on their chain, covering Web3 games, digital collections, physical assets, interactive media, and more. In addition, products such as Fanable and Exorians will also be arriving in the near future.

Ethernity stated that its ecosystem will continue to be powered by the native token ERN.

Jupiter officially announced that it will launch the first batch of Metropolis upgrades this week, and will conduct short-term fixes and long-term upgrades for limit orders and perpetual contract products. In addition, Jupiter’s second phase of LFG Launchpad is scheduled to be launched on Tuesday, when Sharky, the non-custodial NFT lending protocol in the Solana ecosystem, will be launched. The next LFG voting will begin on Wednesday.

At the same time, Jupiter co-founder Meow will give a speech at the Token2049 conference on April 19.

According to Caixin reports, in the 43 billion yuan illegal fund-raising case of Blue Sky Green, it is expected that the country will be able to return less than 5%. Currently 61,000 Bitcoins have been seized by British police. A proceeds of crime hearing will be held in September 2024. Caixin searched through public channels and found that there are very few successful cases of similar cross-border recovery of stolen goods in China. In addition, according to international practice, sharing is the mainstream method for cross-border recovery of stolen goods and disposal of confiscated assets. The International Cooperation Department of the Ministry of Justice of the People’s Republic of China responded that it did not know the specific circumstances of the case and it was inconvenient to disclose them.

Animoca Brands has signed a memorandum of understanding with KACST (King Abdulaziz City for Science and Technology), a major Saudi scientific research center, the South China Morning Post reports.

Yat Siu, co-founder and chairman of Animoca Brands, said the MOU was signed with the hope of getting into the ground floor of Saudi Web3 development and exploring opportunities to participate in the early stages of development.