【4/10(Thu)Top 10 Major web3 News】Pakistan Plans to Mine Bitcoin with Surplus Electricity / Markets Recover Following Trump's 90-Day Tariff Relief etc..
A 5-minute commentary on today's major news stories!
Hello.
Mitsui from web3 researcher.
This is a summary of the major news stories of the last 24 hours.Please use it to gather information.
Top 20 RWA Protocol Centrifuge Partners with Wormhole to Launch Multi-Chain Tokenization Platform
Spot Bitcoin ETFs Record $127 Million Outflow as Market Surges Following Trump's Tariff Suspension
South Korean Banks Demand Easing of Virtual Currency Partnership Regulations
21Shares files for Dogecoin ETF, "exclusive" partnership with House of Doge
Strategy, Coinbase and cryptocurrency stocks surge as markets recover following President Trump's 90-day tariff relief
Binance plans to launch LDUSDT, its second "rewarded margin asset" for futures platforms
FSA and JVCEA Enforce New Regulatory Framework for Professional Token Sales
Magie Eden acquires crypto trading app Slingshot to compete with centralized exchanges
📦Top 20 RWA Protocol Centrifuge Partners with Wormhole to Launch Multi-Chain Tokenization Platform
Centrifuge, a leading RWA tokenization platform, announces a partnership with Wormhole, a blockchain interoperability protocol, to launch a multi-chain platform aimed at improving the way tokenized assets are issued and managed
New platform, Centrifuge V3, allows investors to handle tokenized assets across different blockchains
Jeroen Offerijns, CTO of Centrifuge, commented, "By integrating Wormhole, Centrifuge ensures that liquidity flows smoothly between the various blockchains and that assets can be easily used on both the DeFi protocol and traditional institutional platforms.available on both the DeFi protocol and traditional institutional platforms."
🇵🇰Pakistan Plans Bitcoin Mining with Surplus Power
According to Reuters, Pakistan's Cryptocurrency Council plans to use the country's surplus electricity for bitcoin mining and AI data centers
The council was established last month to support Pakistan's cryptocurrency and blockchain efforts
📉Spot Bitcoin ETFs Record $127 Million Outflow as Market Surges Following Trump's Tariff Suspension
U.S. spot bitcoin exchange-traded funds (ETFs) posted a net outflow of $127.12 million on Wednesday, despite a market surge after President Trump declared a 90-day moratorium on new tariffs
The market is up on expectations that "most trading partners will negotiate trade agreements with the U.S. and avoid a full-blown trade war," said Jeff May, chief operating officer of virtual currency exchange BTSE, adding that traders remain cautious about continued trade friction between the U.S. and China
🇰🇷South Korean Banks Demand Easing of Virtual Currency Partnership Regulations
Korean Bank Executives Meet with Local Lawmakers to Call for Greater Regulatory Flexibility on Partnering with Virtual Currency Firms
Woori Bank representatives called for allowing exchanges to partner with multiple banks under AML-focused regulations
🐕21Shares Files for Dogecoin ETF, "exclusive" partnership with House of Doge
21Shares filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday for a spot doge coin exchange-traded fund
The company also said it has entered into an "exclusive" partnership with House of Doge to launch a fund approved by the Dogecoin Foundation
🟦OpenSea asks SEC to clarify that NFT marketplaces are not exchanges or brokers under US federal securities laws
OpenSea is asking the Securities and Exchange Commission to clarify that the NFT Marketplace does not qualify as an exchange or broker under federal securities laws, according to a letter sent Wednesday to Commissioner Hester Pierce, chair of the Crypto Task Force.
The letter stated, "Because the NFT Marketplace does not hold or facilitate the flow of funds or assets, they cannot be commingled, and capital requirements and financial record keeping are irrelevant.Furthermore, OpenSea does not recommend investments or execute transactions on behalf of its users," claims
🇺🇸Strategy, Coinbase and cryptocurrency stocks soar as markets recover following President Trump's 90-day tariff relief
Markets rallied sharply after President Trump suspended global tariffs for 90 days and lowered most reciprocal tariffs to 10%, with bitcoin up 7% and major virtual currency stocks up double digits
Virtual currency stocks such as Strategy, Coinbase, and Bitfarms also surged as investor sentiment reversed
🟨Binance plans to launch LDUSDT, its second "rewarded margin asset" for futures platforms
Binance Plans to Launch LDUSDT, a Second "Rewarded Non-Stablecoin Margin Asset" for Users of Virtual Currency Futures Trading Platforms
LDUSDT will allow users to continue earning passive rewards while converting locked USDT from Binance's Simple Earn USDT flexible to futures trading margin assets
The company says, "Users first subscribe to the Simple Earn USDT flexible product in order to receive rewards in real-time APR; since the USDT is locked, the funds cannot be used for any other purpose until the USDT has been converted.Going forward, you can exchange your locked USDT for LDUSDT and use it for futures trading and continue to receive its APR," the spokesperson explained
⚠️FSA and JVCEA Enforce New Regulatory Framework for Professional Token Sales
FSA and JVCEA Enforce New Regulatory Framework for Crypto Token Sales to Qualified Institutional Investors on April 9
The new regulatory framework is specific to token issuance by companies (professional token sales) and amends the FSA's "Administrative Guidelines" and the JVCEA's "Rules for Sales to Qualified Institutional Investors".
Crypto asset exchangers selling tokens to professionals will be required to clearly state in the name that the target crypto asset is "for professionals".
Recommended articles *Offered for free for one week only[Foil] Futures Market Protocol to Stabilize Prices of Gas and Blob Space on Ethereum
Foil is a futures market protocol for reducing price volatility of gas and blob space on Ethereum, providing transaction cost stabilization.
The system utilizes oracles and AMMs to forecast and trade "average future gas prices," allowing users to lock in costs in advance and helping operators manage their budgets.
Many web3 players are key targets, including oracle nodes, DeFi traders, DApp developers, roll-up operators, and large users.
Although currently in the testing phase, the possibility of DAO and token issuance has been suggested in the future, and it is expected to grow as a web3 infrastructure.
🧵Pickup:Magie Eden acquires crypto trading app Slingshot to counter centralized exchanges.
🌱 ニュースの概要
NFT marketplace leaderMagic Eden has announced the acquisition of crypto asset trading appSlingshotannounced today that it will acquire Slingshot, a crypto asset trading app.With this acquisition, Magic Eden aims to evolve beyond NFT trading to a platform that seamlessly offers crypto asset trading on multiple blockchains.
📗 Prerequisites
What is Magic Eden?
It is the leading NFT marketplace started on the Solana blockchain, a platform where users can buy and sell digitalIt is a platform where users can buy and sell NFTs such as art and collectibles.It has since expanded to support other blockchains such as Ethereum and Polygon.What is Slingshot?
Allows users to trade any token on multiple blockchains using a single USDC balanceThis is a crypto asset trading application.This allows for easy cross-chain transactions, eliminating complex steps such as wallet setup, bridging, and managing gas bills.
👀 Noteworthy, detailed explanation
Purpose and Strategic Significance of Acquisition
Magic Eden aims to expand its business scope and compete with CEX in the context of a weak NFT marketdecentralized trading experience.With the acquisition of Slingshot, users will be able to trade tokens on multiple blockchains without bridges or multiple wallet management.Improved User Experience
By integrating Slingshot technology, Magic Eden willBy integrating Slingshot technology, Magic Eden will provideSimple on-ramp: funds can be quickly moved on-chain using Apple Pay, Venmo or credit cards.
AI-assisted token research: helps users discover and trade tokens efficiently.
Expansion of universal balance: Support for non-USDC currencies and increased trading flexibility.
Challenging Centralized Exchanges
Magic Eden's CEO Jack Lu, who is Slingshot's Chainabstraction technology to create a decentralized trading platform that competes with centralized exchanges.This is expected to allow users to enjoy the same convenience and liquidity as CEX while using a self-directed wallet.
📈 Future forecast
Ecosystem Expansion
The integration of Slingshot's technology will strengthen Magic Eden's position not only as an NFT, but as a trading platform for crypto assets in generalThe integration of Slingshot's technology is expected to strengthen Magic Eden's position as a trading platform not only for NFTs, but also for crypto assets in general.This is expected to bring in a diverse user base and revitalize the entire ecosystem.Promotion of decentralized transactions
The ability for users to skip complicated procedures like managing bridge and gas billsThis may promote the use of DEX.This is expected to lead to a shift from CEX to DEX.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.