Issue #103

Regulation

1. Harvest Global Investments, a major Chinese asset manager, applies for a spot Bitcoin ETF in Hong Kong

2. Thai SEC orders Zipmex to suspend crypto trading services

-- The exchange had previously frozen withdrawals and filed for creditor protection

3. FTX hack mystery possibly solved

-- US govt charges a trio for stealing $400M from FTX using a sim swap attack

Infrastructure

1. Stellar expects to delay upgrade after bug found

-- Goal of upgrade is to add support for Ethereum-style smart contracts on Stellar

2. Oracle Pyth Network announces the deployment of Pyth Entropy for on-chain random number generation

3. Ava Labs announces plans to achieve 100k TPS using scaling solution Vryx (source)

-- Leveraging Decoupled State Machine Replication (DSMR)

-- Will be enabled on the first HyperSDK testnet, which is targeted for the middle of Q2

4. Orbiter Finance to launch a zk-rollup dedicated to L2 bridging

5. Cosmos-based DEX appchain dYdX Chain now supports liquid staking

6. Immutable launches Immutable zkEVM mainnet in collaboration with Polygon

-- Over 200 games have committed to building on Immutable, and the chain will open up to the public in the coming weeks

7. Starknet collaborates with Celestia to bring modular data availability to its ecosystem

8. Polygon Labs lays off 19% of team to "refocus on execution"

9. Delegate and LayerZero collaborate to launch Clusters, a cross-chain multi-wallet domain service protocol

Finance

1. BlackRock's Bitcoin ETF first to reach $2B in AUM

2. dYdX Foundation requests $30M budget from the project's DAO

-- $30M (~4% of the DAO's treasury) to be deployed over the next 3 years for payroll, marketing, legal expenses, and contractors

3. Binance now allows larger traders to store their assets at independent banks

-- Partnered with Switzerland's Sygnum Bank and FlowBank to offer this service

--  An alternative to holding assets on the exchange or with Binance's custodial partner, Ceffu

4. Crypto trading firm GSR hires former JPMorgan executive Andreas Koukorinis as its new head of trading

5. Solana-based DEX aggregator Jupiter distributes $700M worth of JUP tokens via airdrop

6. FTX plans to fully repay customers

-- Repayment process requires claimants to prove they held and lost assets on FTX

-- Roughly 15M people lost $30-35B worth of crypto due to FTX

-- Does not plan to re-start the exchange due to the lack of interested buyers and investors

7. Tether reports $2.85B in profits last quarter

-- $1B coming from interest earned on US Treasuries and the rest from appreciation of Bitcoin and gold reserves

-- Tether's USDT stablecoin is nearing a $100B market capitalization

8. Perpetual DEX Avantis launches on Base

-- Unlike traditional funding rates, Avantis offers a guaranteed rebate to traders who take contrarian positions

9. Bankruptcy claims exchange OPNX shutting down

-- Created by the founders of Three Arrows Capital

-- Struggled to gain traction with trading volume peaking at $620k, and its CEO, Mark Lamb, is facing legal challenges

10. Sanctor Capital and Press Start Capital partner to launch The Multiplayer Fellowship

-- A pre-accelerator program that is set to fund 100 teams over the next 18 months, with an inaugural 8-week cohort beginning in February

-- Offers a $50k SAFE investment

11. Coinbase to start charging fees on USDC to USD conversions over $75M

-- Fees ranging from 0.1% to 0.2%

-- Coinbase Prime clients with over $500M in assets or holding an average of $100M in USD/USDC are exempt from the fees

12. Superstate introduces its first product, the Superstate Short Duration U.S. Government Securities Fund

-- A tokenized private fund available to U.S. qualified purchasers on the Ethereum blockchain

-- The fund invests in short-duration U.S. Treasury and U.S. Agency securities, offers on-chain transferable ownership, and can be purchased and redeemed using USDC

Consumer

1. Binance and OKX launch marketplaces for inscription tokens

2. OpenSea open to acquisition if it makes sense for the company

3. NFT marketplace Magic Eden releases self-custodial multi-chain wallet

4. Animoca Brands Japan hires former Coincheck exec as COO

Security

1. Korean web3 karaoke platform Somesing hacked for $11.5M

2. Abracadabra's stablecoin MIM experiences flash crash following $6.5M exploit of its DeFi protocol

-- Stablecoin has since recovered

3. $113M stolen from Ripple Co-Founder's wallets

Research

1. A framework for overlay blockchains that can satisfy a spectrum of safety and liveness conditions (source)

2. Optimistic machine learning (source)

-- Use of fraud proofs to prove the correctness of ML results on-chain

3. A decentralized verifiable random function model that leverages MPC and DID (source)

4. Neural network training on encrypted data with TFHE (source)

5. Achieving privacy-preserving machine learning with hybrid homomorphic encryption (HHE) (source)

-- In HHE, data is first locally encrypted via a symmetric key encryption scheme; subsequently, the symmetric key is homomorphically encrypted

-- Advantages over (classical) homomorphic encryption: lower communication overhead, allows consumer-grade devices to benefit from homomorphic encryption

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