Evening News | Binance Labs announces the selected projects for Season 6 of the MVB Accelerator; Both governance proposals for Arbitrum have been approved
Twitter has supported BTC market data queries and added risk warnings; Binance will gradually eliminate deposit addresses and tags on old infrastructure.Organizer: Biscuit, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Binance Labs Announces the List of 12 Projects for Season 6 of the MVB Accelerator, Including AltLayer and ZKCross
Binance Labs announced that the Season 6 MVB Accelerator program will officially launch on April 17, with 12 selected teams participating in an 11-week course. The selected 12 projects are: DeFi lending protocol Kinza, decentralized privacy protocol Hinkal Protocol, perpetual contract DEX KiloEx, MEV-resistant cross-chain aggregator Cashmere Labs, DeFi derivatives platform EthosX, blockchain execution and elastic scaling layer AltLayer, multi-chain ZK-Rollup execution layer ZKCross, AI dialogue game HIM, divination-themed NFT social game Sparkle.xyz, Soulbound token SDK Masa Finance, Web3 native programmatic advertising platform Slise, NFT consumer credit protocol xBank.
It is reported that this season's MVB Accelerator program received over 1,500 applications, with 53% of applicants from North America and Europe, and 36% from the Asia-Pacific region, ultimately admitting less than 1% of the total applicants. (Source link)
2. Two Proposals to Expand ARB Token Holder Oversight and Governance Power Passed by Arbitrum Foundation
The Arbitrum Foundation's two new proposals to expand ARB token holder oversight and governance power have passed voting.
The first proposal, AIP-1.1, suggests placing the remaining 700 million ARB tokens of the foundation under "smart contract-controlled lockup," which will unlock over four years. The foundation will not be able to use the tokens until the community approves the token allocation budget, with a portion of the tokens used to fund the Arbitrum Foundation's first-year operating budget. The second proposal, AIP-1.2, aims to modify several governance documents of the Arbitrum ecosystem, including lowering the threshold for the number of ARB tokens required to submit on-chain improvement proposals from 5 million ARB to 1 million ARB. (Source link)
3. Twitter Supports BTC Market Data Queries and Adds Risk Warning
The Twitter web version and mobile client now support BTC market data queries, with data sourced from TradingView. Below the data, Twitter has added the reminder "Your Capital At Risk," categorizing Bitcoin as a risky asset. (Source link)
4. MetaMask Institutional Solution MMI Releases Q1 2023 Review, On-chain Assets Increase by 89.17%
MetaMask's institutional solution MMI (MetaMask Institutional) released its Q1 2023 review, featuring new functionalities such as a portfolio dashboard, account bundling for NFT views, authentication and login, and an Institutional Staking market.
In terms of data, MMI's extended eight-week user retention rate exceeded 65%, a key metric closely monitored by the team. The on-chain assets (AUD) deployed using MMI increased by 89.17%. Meanwhile, the MMI team expects annual revenue to grow by 25.87%.
It is reported that MMI was launched in December 2020 to address the needs of cryptocurrency funds, market makers, and other institutions accessing DeFi while meeting security, operational, and compliance requirements. (Source link)
5. Binance to Gradually Phase Out Deposit Addresses and Tags on Old Infrastructure
Binance will gradually phase out deposit addresses and tags on old infrastructure. If a user's deposit address and tag are affected, they will receive an email notification and can follow the instructions in the email to obtain new deposit addresses and tags. The old deposit addresses will become invalid 30 days after users receive the new deposit address or email notification, and deposits made to expired addresses will not be automatically credited to accounts. (Source link)
6. Core DAO Partners with Bitget and MEXC to Launch $200 Million Ecosystem Fund
Core DAO announced the launch of a $200 million ecosystem fund aimed at accelerating the development of decentralized applications and protocols based on the Core layer 1 blockchain. The fund is supported by strategic partners such as cryptocurrency exchange Bitget and MEXC.
It is reported that the Core DAO ecosystem fund distinguishes itself from industry peers by not adopting a grant-based system, where projects are primarily required to commit to building on specific protocols to receive funding. Instead, the ecosystem fund will incentivize each project to achieve pre-agreed customized benchmarks, providing tangible value to the core community. (Source link)
7. Grayscale Solana Trust Now Supports Trading on OTC Markets
Grayscale announced that the Grayscale Solana Trust is now supported for trading on OTC markets, with the code GSOL. Grayscale stated that as of April 14, 2023, there are 304,427 shares of GSOL in circulation, and all users qualified for U.S. securities investment can freely trade GSOL shares in the same manner as other securities. (Source link)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
1. "Roundtable Discussion: How Can zk Move Towards True Mainstream, and How Will zk Combine with AI?"
As the zk narrative continues to heat up, last week ChainCatcher's "zk Masterclass" series held its second session (previous review), inviting six members from Ola, Cysic, Hyper Oracle, FOX, Opside, and CatcherVC to discuss the theme "As the zk Narrative Heats Up, How to Capture the Long-term Value of zk," exploring the current development bottlenecks of zk and potential breakthrough directions for the future.
2. "Cobo's Shen Yu: The Blockchain Industry is Emerging from the Low Point"
On April 14, 2023, during a roundtable forum at the Hong Kong Web3 Carnival, Cobo co-founder and CEO Shen Yu shared his personal journey into the industry, the lessons learned from the industry's ups and downs since 2017, and his outlook on the future of the industry.
According to Evan Cheng, founder of Sui's development organization Mysten Labs, blockchain and cryptocurrency startups have struggled to raise funds following the collapse of FTX, with artificial intelligence now capturing a larger share of venture capital funding. In an interview with Forkast, Cheng explained the challenges facing the blockchain industry, the potential to support Web3 developers, and the sustainability challenges of play-to-earn games.
In April 2023, the Hong Kong Stock Exchange officially released a research report titled "The Development of ETFs and the Global Financial Market's Virtual Asset Ecosystem." This report discusses topics not only limited to the concept of ETF products but also covers the development of global virtual assets and their regulatory frameworks, the market performance of virtual asset ETFs around the world, the evolution of local cryptocurrency policies in Hong Kong, and the current state of ETF products in Hong Kong.
