GuShiio.com 1. Trump Family encryption Project WLFI clarifies that WSJ and Bloomberg reports are not true, harming the encryption industry
In response to previous articles published by the Wall Street Journal and Bloomberg about transactions such as the Trump family encryption program WLFI and the discussion of buying a stake in the currency, the Trump family encryption project WLFI said that unconfirmed articles published by the Wall Street Journal, Bloomberg and other media appeared to be politically motivated, indicating a disturbing agenda-oriented news reporting model that harmed the cryptocurrency industry.
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Zak, co-founder of 2.Corn: ensure that Etay Fong captures more value from L2 ecology
Zak.eth, co-founder of Corn, says Etay Fong currently subsidizes the L2 network, but L2 grabs most of the economic value. If Yitai Fong does not take action, it may eventually degenerate into an outdated layer of security. For this reason, zak puts forward four suggestions: L2 sequencers pledge part of the ETH,L2 tokens into the ETH vault; L2 gives back part of the transaction fees and MEV to the Ethernet Pledger; ETH becomes the default settlement asset for cross-Rollup transactions and Ethernet Square verifiers extend security to L2 through re-pledge.
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3. 1000 drones in Texas make up the Bitcoin logo, setting a Guinness World record
The encrypted exchange Gemini held a drone show in Austin, Texas, and deployed 1000 drones to form a Bitcoin logo, setting a Guinness World record and making it the largest aerial display of currency symbols in history to celebrate the US strategic bitcoin reserve program. The Bitcoin logo has evolved over the past 16 years, from the gold coin logo designed by Satoshi Nakamoto (embedded & lsquo;BC’ text) to the introduction of the & lsquo; coin & rsquo; symbol in 2010, and then optimized by community member bitboy to the bright orange background of the & lsquo; coin & rsquo; version, which is now the official logo.
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4. White House memo: David Sacks has sold digital asset investments to reduce conflicts of interest
In an effort to reduce conflicts of interest related to digital assets, the US cryptocurrency czar David Sacks has sold more than $200m of digital asset-related investments, of which at least $85 million is held directly, according to the White House memo. He has emptied his positions in Bitcoin, Ethernet Square, Solana and Bitwise 10 Crypto Index Fund (BITW) and sold shares in Coinbase (COIN), Robinhood (HOOD) and some private equity digital assets companies. In addition, he has pulled out of investments related to Multicoin Capital, Blockchain Capital and Bitwise Asset Management, and he still owns some of Craft Ventures’s funds, which invest in some digital asset companies, but these investments are illiquid and difficult to exit completely. These include companies such as BitGo and Lightning Labs, which account for less than 3.8 per cent of their total investment assets.
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5. Chairman of the Hong Kong MPFA: to study the possibility of including virtual assets in the mandatory Provident Fund
Speaking at the Legislative Council, the Chairman of the Hong Kong mandatory Provident Fund schemes Authority (MPFA), Mr Lau Mak Ka-hin, and the Chief Executive Officer, Mr Cheng Yan-chi, said that some members were concerned about whether Hong Kong would include virtual assets in the mandatory Provident Fund in the future. The Administration indicated that it would continue to conduct the study. Mr Lau pointed out that he would pay special attention to the adequacy of transparency, as well as price volatility, platform risk, liquidity risk, security risk and so on.
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6.GuShiio.com week selection: it is said that the Trump family bought a stake in the United States, but CZ denied that the UAE royal family invested in the currency, which rarely punished a market maker and news Top10.
This week’s news Top10
1. Trump family talks to buy a stake in the United States CZ asks for a pardon of link
Representatives of President Trump’s family have held talks on buying a stake in the US arm of the cryptocurrency exchange, according to the Wall Street Journal. Zhao Changpeng has been urging the Trump administration to grant him a pardon. The negotiations began last year when Qian an contacted Trump allies and offered to reach a business agreement with the Trump family. It is unclear how the Trump family’s shares will be held if the deal goes through, or whether it will depend on an amnesty. People familiar with the matter said it was possible for the Trump family to take a stake or trade through World Liberty Financial. Steve & middot; Witkov, an old friend of Trump and now Trump’s chief negotiator in the Middle East and Ukraine wars, was involved in the deal negotiations, according to people familiar with the matter.
CZ tweeted that it denied claims in the Wall Street Journal that it was discussing a currency security US deal or amnesty with the Trump family, saying that ldquo; was wrong about the fact & rdquo;. CZ revealed that WSJ asked hundreds of people questions and tried to make news, but it never discussed the US deal or amnesty with anyone. He said that as the only criminal in US history to be jailed on charges of a single Bank Secrets Act (BSA), he did not oppose the amnesty, but stressed that the report might reflect on President Trump and the encryption industry on the aftermath of the former administration, the ldquo; Anti-encryption War, rdquo;.
two。 Qian’an announces that Abu Dhabi MGX has invested US $2 billion in link.
Qian’an has officially announced that Abu Dhabi MGX has made its first institutional investment in Yuan’an. The $2 billion investment is by far the largest investment in an encryption company and the largest in history to be paid in cryptocurrency.
CZ tweeted that Abu Dhabi MGX invested $2 billion in Qian’an to acquire a minority stake. The transaction will be completed 100% in cryptocurrency (stable currency), making it the largest cryptocurrency investment transaction to date.
Abu Dhabi MGX is mainly funded by the Abu Dhabi government in the United Arab Emirates, which has a strong state-run color and is fully controlled by the royal family of Abu Dhabi.
He Yi, co-founder of Yuan’an, said sovereign wealth investors are welcome rather than financial investors.
3. Yuan an takes measures against market makers of misconduct in GPS and SHELL link
Yuan an announced that after investigating the misconduct of the GoPlus Security (GPS) market maker, it was found that the market maker was also responsible for the market making of the MyShell (SHELL) project. To protect users, Binance has removed the market maker from its shelves and banned it from conducting further market-making activities on the platform. In addition, Binance has confiscated its related proceeds and plans to compensate users of the GPS and SHELL projects.
Animoca told GuShiio.com that he did not participate in the market-making of GPS and SHELL, did not know who the market maker was, and did not get a reply from the project party.
4. Us core CPI recorded an annualized rate of 3.1% in February, the lowest link since April 2021.
In the United States, the annual rate of quarterly CPI in February was 2.8%, the lowest since November last year, while the monthly rate of CPI in the United States in February was 0.2%, the lowest since October last year. In the United States, the annual rate of core CPI without quarterly adjustment in February was 3.1%, the lowest since April 2021, while the monthly rate of core CPI in the United States after adjustment in February was 0.2%, the lowest since December last year. U. S. February CPI data was lower than expected, U. S. stock three major stock index futures expanded.
5. Trump plans to sign a new executive order to lift encrypted bank restrictions and adjust stable currency supervision link
Us President Donald Trump plans to sign a new cryptocurrency-related executive order as early as this week aimed at repealing the Biden government’s policy of ldquo;Operation Chokepoint 2.0 encrypted rdquotes, which is accused of restricting encryption companies’ access to banking services. Bo Hines, executive director of the White House working group on digital assets, confirmed that the order is under development and could involve changes to the Fed’s policy on encrypting banks’ main accounts to allow access to the Fed’s payment system. The order may also include a directive to make it clear that stable currencies should not be regarded as securities, sources said.
6. The Securities and Exchange Commission has delayed the approval of link for spot ETF of several cryptocurrencies
SEC delayed the approval process for VanEck spot Solana ETF, Canary spot Litecoin ETF, Canary spot Solana ETF, CANARY spot XRP ETF, Grayscale spot XRP ETF and Grayscale spot Dogecoin ETF. Earlier, Eric Balchunas, a senior ETF analyst at Bloomberg, said the SEC was likely to wait until the Atkins was confirmed. In addition, SEC has also postponed a series of applications for counterfeit currency ETF, including BITWISE and 21SHARES, as well as applications related to physical creation and redemption of spot BTC and ETH ETF, and pledge function in ETH ETF.
7. Bitcoin Magazine CEO: the implementation of US Strategic Bitcoin Reserve will & ldquo; is much more compact than the market expected & rdquo; link
David Bailey, chief executive of Bitcoin Magazine, wrote on X that the implementation of the US strategic bitcoin reserve executive order will be much more compact than the market expected & the rdquo;, time period will be calculated in & ldquo; days and weeks, rather than month or year & rdquo;. Bailey said that the U. S. government is & ldquo; to keep up with the pace of technological development & rdquo; and take & ldquo; emergency action & rdquo;.
8. BBVA, Spain’s second largest bank, approved to provide BTC and ETH trading services link
BBVA, Spain’s second-largest bank, has been approved by Spain’s financial regulator to provide BTC and ETH trading services to customers. Earlier, in January this year, BBVA’s Turkish encryption hosting platform Garanti BBVA Kripto opened cryptocurrency trading services to the public.
9. MicroStrategy plans to issue $21 billion of preferred stock link
MicroStrategy Inc. A prospectus has been submitted and plans to issue 8.00 per cent of Series A permanent preferred shares of up to $21 billion to raise funds for general corporate purposes, including possible Bitcoin acquisitions. The company said it would continue to implement the bitcoin accumulation strategy and use equity financing, debt financing and operating cash flow to promote the strategy. Although the document does not explicitly mention the new Bitcoin acquisition plan, it reaffirms its long-term commitment to the strategy.
10. Vitalik: the goal of Yi Tai Fong has never been ambiguous. The goal of Yi Tai Fong is to attract a large number of users link
The goal of Ethernet Square has never been ambiguous, and the goal of ethernet Square is to attract a large number of users, especially so that they can really benefit from features such as openness, anti-censorship and security, said Based Rollup Summit, hosted by Vitalik at Taiko. He also depicts an optimistic prospect for the development of Ethernet Square, that is, to improve the past ICO, DAO, RAWs and social layers to minimize their shortcomings. & ldquo; lets us advance all these innovations, let Ethernet Square carry it all, and make it a reality with the TPS of 10,000 transactions per second (TPS) brought by teams like Taiko. & rdquo
Key financing events
WLFI, a Trump family project, has completed the sale of its tokens, raising a total of $550 million link
Encrypted payment platform RedotPay announces completion of US $4000 round A financing link
Mesh, an encrypted payment company, completed the round B financing led by Paradigm, with a funding of US $82 million link.
Templar Protocol Announces completion of US $4 million Pre-Seed Round financing link
Nunu ai announces completion of $6 million seed round financing link
Web3 game developer M10 announces completion of $3 million wheel financing link
Solana Pledge Agreement Rakurai Announces completion of $3 million seed Wheel financing link
Vest announces completion of $5 million financing link
Encryption startup Arda completes $3 million Pre-Seed round financing link
Jiannan Technology announced that it has raised US $200 million through Amuri’s first round of preferred stock financing, link
For more industry financing events, see crypto-fundraising.info.
