Institutional cryptocurrency wallet provider Utila announced the completion of a $11.5 million financing round, led by NFX, Wing Venture Capital, and Framework Ventures, with participation from Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings and Impressive, as well as angel investors Balaji Shrinivasan.
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The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, declined to comment on whether Ethereum is considered a security by the regulator, despite multiple applications for spot Ethereum ETFs being considered. Gensler stated that the decision on whether a cryptocurrency is a security depends on the facts and circumstances of each case. The SEC has delayed its decision on approving the iShares Ethereum Trust from BlackRock, as well as applications from Fidelity, Invesco, and Galaxy Digital. Bloomberg ETF analyst James Seyffart predicted that the SEC will continue to delay a decision on Ethereum ETF applications until May 23.
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Earlier this month, the Hong Kong Monetary Authority (HKMA) issued the largest digital bond to date, consisting of four currency green bonds worth approximately $756 million. Now, HSBC and East Asia Bank are using the bond as collateral for repurchase transactions. During the issuance process, Hong Kong's Central Clearing and Settlement System (CMU) served as the Central Securities Depository (CSD) and integrated with HSBC's Orion blockchain solution. As a result, the repurchase transactions also used the same blockchain.
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Arkham data showed that Grayscale transferred 3,443.123 BTC to the Coinbase Prime address at 22:12 Beijing time today, worth approximately $175 million.
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IBC infrastructure Polymer Labs announced the launch of the Polyverse testnet, which will reward developers, infrastructure operators, and builders for their contributions in enhancing Ethereum scalability through Layer 2 solutions, expanding cross-chain applications, and promoting IBC in the Cosmos ecosystem.
The Polyverse testnet is divided into three stages. The first stage, Basecamp (already online, lasting until April), allows the development of dApps using Polymer, aiming to promote the development of innovative dApps and seamless interoperability, as well as enhancing developer tools within the ecosystem.
The second stage is planned to be released this month, during which Polymer will select a subset of dApps developed in the first stage and provide additional incentives for end-users to join the testnet.
The main focus of the third stage of Polyverse is to develop additional tools to support relayer operations and solicit feedback on relayer incentive plans.
As previously reported by BlockBeats, on January 23rd, Polymer Labs completed a $23 million Series A funding round, led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures, and Figment Capital, among others.
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According to the Snapshot governance page, the Aave community initiated a "temperature check proposal for launching rsETH on Aave V3 Ethereum network."
The proposal states that Kelp DAO is seeking community support to add its Liquid Restaking Token, rsETH, to Aave V3 on Ethereum. In addition, users who deposit rsETH into Aave will accumulate additional Kelp miles and EigenLayer points.
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Google announced plans to incorporate user data from the decentralized data lake and query engine Subsquid into Google BigQuery, leveraging its powerful data analysis tools.It is reported that the Subsquid team is committed to solving the challenges faced by Web3 builders when using blockchain data. They have created a decentralized solution that ingests, standardizes, and structures data from multiple blockchains, making it easier to access. The solution is considered the largest decentralized data lake for Web3, supporting data from over 100 Ethereum Virtual Machines (EVM) and non-EVM chains.
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The NFT market Magic Eden will add a new Ethereum market today, which is jointly launched by Magic Eden and Yuga Labs. Yuga Labs stated that it will stop supporting markets that do not support all creator royalties. "Royalties are the lifeblood of keeping creators building interesting and innovative things in this space." As previously reported by BlockBeats, Yuga Labs announced in November 2023 that it is partnering with Magic Eden to launch a new Magic Eden ETH market, which is the first Ethereum NFT trading market that is contractually obligated to fulfill creator royalties.
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Nate Geraci, the president of ETFStore, revealed on X platform that the ARK Bitcoin ETF has become the second largest holding in the ARKW fund under ARK Invest, with a weight of 9%. The top three holdings of ARKW are Coinbase stock (COIN), Bitcoin spot ETF ARKB, and Block stock (SQ), which together account for nearly 30% of the weight.
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Whale Alert monitored that around 7:47 on March 2nd Beijing time, an address starting with "0x73af" transferred 3,023,255,579,400 SHIB tokens to an address starting with "0x40b3" on the Ethereum chain, worth approximately $BTC #SEC诉讼

Layer 1 blockchain Initia completed a $7.5 million financing round, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, Big Brain, and A.Capital. Angel investors include anonymous crypto trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes, WSB Mod, and Celestia COO. Initia is currently operating on a closed testnet. Some projects have already built DeFi applications on the testnet and plan to go live once the incentive testnet launches in early April. Once any issues are resolved, the project will launch its mainnet, with a preliminary plan to launch in the second quarter. As previously reported by BlockBeats, on October 12, 2023, the developers of Layer 1 network Initia announced today that they have received pre-seed investment from Binance Labs, with specific financing amounts and more details yet to be disclosed.
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Gray released the February market report, which pointed out that Bitcoin's price rose by about 45% in February, breaking through $60,000 for the first time since the fourth quarter of 2021. This phenomenon reflects the large influx of funds into US ETFs and expectations for Bitcoin halving in April.
In addition, from the previous crypto cycle, it can be seen that macro factors such as the Federal Reserve's monetary policy and economic conditions may seriously affect the valuation of crypto assets. If the macro market outlook remains optimistic, it may lead to further price increases of cryptocurrencies this year. Currently, Bitcoin's price is only 9% lower than its historical high, so it may set a new historical high later this year.
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Andrew Kang, co-founder of Mechanism Capital, wrote on X platform that Meme coins have become the focus of global speculative liquidity. Compared to traditional equity, Meme coins are now easily accessible to global users. This is why the rise of Dogecoin exceeds the rise in Gamestop stock prices. In the previous cycle, the total market value of Meme coins reached 100 billion US dollars, and the market value peak of each cycle usually has multiple growth. In addition to retail investors, HWN traders and hedge funds are gradually entering the market, and there is still a long way to go in the future.
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Bank of America strategists have stated that the US government's debt increases by $1 trillion every 100 days, which helps explain why assets such as gold and Bitcoin are approaching historical highs. Strategists led by Michael Hartnett stated in a report on Friday that the pace of debt expansion is also accelerating. They estimate that it will only take 95 days for the debt to rise from $34 trillion to $35 trillion. Bank of America said that the consequence for the market is that trading related to "bond depreciation" has proven attractive as gold and Bitcoin have recently risen. The report stated that the reasons for the debt increase include economic stimulus used to combat the pandemic and economic recession, as well as funding for overseas wars, with the budget deficit over the past four years equivalent to 9.3% of GDP.
Pacific Investment Management Company (PIMCO) warned in a report this week that there is a risk of fiscal recklessness causing the US bond market to return to the situation of the 1980s. Pimco warned that "the deficit is likely to continue to increase".
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According to official data from Bitwise, as of February 23 local time, its Bitcoin spot ETF (BITB) held a total of 23,117.54 Bitcoins, an increase of 234.45 from the previous day; its position value reached 1,180,347,176.81 US dollars. The current circulation of BITB shares is 42,400,000.
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ChaosLabs has launched a new proposal in the Aave community, suggesting to increase the coin minting limit of GHO to 40 million, with the ultimate goal of gradually increasing the coin minting limit to 50 million over the next few weeks based on the restrictions of risk management personnel, by increasing the borrowing limit by 5 million every five days.
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The National Telecommunications Commission (NTC) of the Philippines has started blocking the websites of cryptocurrency companies that offer investment products without necessary permits in the country. The websites of cryptocurrency companies MiTrade and OctaFX are currently inaccessible in the country. Although NTC has started blocking unlicensed cryptocurrency trading platforms, Binance exchange is still accessible in the country.
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