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.
Web3 entertainment and gaming platform Redacted recently announced the completion of a $10 million financing round led by Spartan Group, with participation from Saison Capital, Animoca Brands and Polygon Ventures. Redacted aims to create an "entertainment data circle" through blockchain and AI technology to provide users with a variety of experiences such as games, transactions, viewing and rewards.
Bloomberg ETF analyst James Seyffart said on social media, “Based on the documents submitted by Bitwise this time, it is unclear when these products (Ethereum spot ETFs) will be launched. No additional updates may be required, or adjustments may be required. But they need to be ultimately approved by the SEC. The launch time depends mainly on the SEC’s decision. Bloomberg ETF analyst Eric Balchunas and I believe they should be launched before July 4th.”
Cloud computing provider CoreWeave has offered to acquire Bitcoin miner Core Scientific for $5.75 per share, for a total of about null billion, Bloomberg reported, citing people familiar with the matter.
CoreWeave's offer is 55% higher than Core Scientific's volume-weighted average price for the three months ended May 31. CoreWeave raised $8.6 billion last month, including a null.1 billion preferred stock deal that valued the startup at $19.1 billion.
The company also raised another $7.5 billion in debt financing, with investors including Coatue Management, Altimeter Capital and Fidelity Management & Research Co.
Executives from Hong Kong virtual asset ETF issuers Harvest International and China Asset Management Hong Kong confirmed at the recent Bitcoin Asia conference that they are working hard to promote the mortgage of their ETF products in Hong Kong so that cryptocurrency investors can use ETF shares as loan collateral. Taste
Avalon Finance, the BTC ecological lending protocol, has officially launched on the BTC public chain Bitlayer and supports various Bitlayer native assets, including the stable currency bitUSD issued by Bitsmiley.
It is reported that this move is the first step in the multi-chain deployment of Avalon Finance. Avalon Finance was previously the largest lending protocol on Merlin Chain, with TVL exceeding $ 200 million.
RunesFactory announced the launch of a one-stop Liquidity solution for BTC ecological assets, focusing on BTC long-tail asset liquidity issues and building a liquidity management and decentralized asset efficiency improvement platform. The platform supports staking of various assets in the BTC ecosystem, the creation of liquidity pools, and allows synthetic asset lending through mortgages.
RunesFactory aims to create an asset liquidity layer for the Bitcoin ecosystem and will incentivize the RUNE ecosystem in a revolutionary way. It has been connected to the Runes main network, and Runes Mint and trading functions have been launched. It is reported that RunesFactory will join hands with Omnity Network and RunesCC, the Runes Chinese community, to host the Runes Asia 2024 large-scale event in Hong Kong on May 9.
Binance executive Nadeem Anjarwalla escaped from prison after being detained in Nigeria, and federal authorities have traced his flight to Kenya. The Economic and Financial Crimes Commission, Interpol, the Nigeria Police Force and the Kenya Police Service have deepened negotiations to expedite the extradition of Nadeem Anjarwalla. Nadeem Anjarwalla reportedly went into hiding immediately after arriving in Kenya, and his identity has now been revealed.
Bitcoin Atomicals Protocol stated on its social platform that it will announce the details of the AVM smart contract system in stages in the coming weeks.
In addition, the team also launched a donation campaign for AVM and said that it is "actively thinking about how to return value to supporters." For example, the names and messages of supporters will be written into the AVM white paper.
Zhu Su, co-founder of Three Arrows Capital, said on social media that the venture capital institution gave up the friend.tech quota and chose to allocate 100% to the community, which heralded a paradigm shift towards a better token economic model. It also stated that the equity layer can withdraw transaction fees, and the tokens can circulate freely without considering the unlocking schedule and the impact of bearish unlocking.