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.
Zero-knowledge proof software developer RISC Zero is working with Celestia to build a zkVM-based Blobstream cross-chain bridge "Blobstream Zero". Blobstream Zero will allow Rollups and application ZK to prove and verify the validity of Celestia's data availability (DA) on any chain by connecting Celestia's modular data availability layer with Ethereum, Optimism, Bitcoin, Solana, etc.
Symbiotic, a re-pledge protocol invested by Paradigm and Lido, added USDe and ENA as new re-pledge assets this morning. The USDe pool hit the hard cap of US$50 million 15 minutes after its opening. The ENA pool has currently deposited more than 35 million tokens, and there is still about 60% of the quota remaining.
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.”
Velocore announced the launch of ZK airdrop claims for ZKsync users on X. The official said that 100% of the protocol airdrop, plus 100,000 developer wallet airdrop allocations, will be added to the initial compensation pool. Although this may not be enough, when funds are in place, they will continue to be injected into the compensation pool. Please refer to the official claim website for details.
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.