zkPass completed a $12.5 million Series A financing with a token valuation of $100 million.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
Pyth Network: Distributed 768,000 PYTH staking rewards to stakers
According to official news, Pyth Network announced that it has distributed 768,000 PYTH staking rewards to stakers to support DeFi protection through Oracle Integrity Staking.
Animoca Brands to purchase more WATCoin from the open market
Animoca Brands disclosed that it intends to acquire more WATCoin from the open market. WATCoin is the utility token of WatBird, a Telegram Mini App developed by Animoca Brands' subsidiary GAMEE. Animoca Brands stated that by purchasing the tokens, it strengthens its commitment to WatBird's role in supporting a broader TON ecosystem.
ApeCoin DAO passed the proposal to "dissolve four working groups including Web3 development and Metaverse"
The Snapshot page shows that ApeCoin DAO passed the proposal to "dissolve four non-essential working groups" with a high support rate of 98.02% on October 17, including governance, marketing and communication, metaverse, and Web3 development working groups.
The proposal pointed out that these four working groups cost the DAO nearly $3 million annually, but their task execution efficiency is low. Meanwhile, the funds of the ApeCoin Foundation are rapidly decreasing. To alleviate financial pressure, the proposal suggests outsourcing the relevant functions to third-party teams.
Worldcoin rebranded as World Network and announced that World Chain has launched its mainnet
The digital identity project Worldcoin, supported by OpenAI CEO Sam Altman, announced its rebranding to World Network (abbreviated as World) and officially launched its Ethereum Layer 2 blockchain mainnet, World Chain.
World Network stated that as the project scales and the importance of the World ID human proof protocol increases, "Worldcoin" can no longer fully encompass the project's mission. The new brand World includes three core pillars: World Chain, World ID, and Worldcoin token, aiming to build a network composed of real, verified humans to drive advancements in artificial intelligence.
zkPass completed a $12.5 million Series A financing with a token valuation of $100 million
According to TheBlock, zkPass completed a $12.5 million Series A financing with a token valuation of $100 million. Investors in this round include dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. Co-founder and CTO Bing Jiang stated that there was no lead investor in this round, as zkPass aims to involve all investors; if only one lead investor holds a large share, their potential returns could be greater.
It is reported that zkPass is a data verification protocol based on zero-knowledge proofs, allowing users to prove information without sharing actual data (such as identity or financial records).
Coinbase International will launch Turbo perpetual futures contracts
Coinbase International announced on the X platform that it will add support for Turbo perpetual futures contracts on Coinbase International and Coinbase Advanced, with the TURBO-PERP market expected to open at or after 17:30 Beijing time on October 24, 2024.
ZKsync's new proposal introduces the Ignite plan, distributing 300 million ZK tokens to DeFi users over 9 months
ZKsync released its first governance proposal, named ZKsync Ignite, which aims to transform ZKsync Era into a liquidity hub for Elastic Chain. To this end, 300 million ZK tokens will be distributed to DeFi users over the next 9 months. The proposal has been published on the ZK Nation forum, aiming to promote further development and expansion of the ZKsync ecosystem.
Upbit to list Injective (INJ) in KRW and USDT markets
According to an official announcement, the South Korean cryptocurrency exchange Upbit will list Injective (INJ) in KRW and USDT markets, with trading support starting at 18:15 local time on October 17.
Kraken launches new wrapped Bitcoin product KBTC
Cryptocurrency exchange Kraken officially launched a new wrapped Bitcoin product called KBTC. KBTC is an ERC20 token fully backed 1:1 by Bitcoin held in custody by Kraken, aimed at expanding Bitcoin's use in the decentralized finance (DeFi) ecosystem.
KBTC allows Bitcoin to interact with decentralized applications (dApps) on the Ethereum and OP mainnets. Users can independently verify the Bitcoin backing of KBTC through on-chain reserves, ensuring transparency. Kraken stated that the launch of KBTC will enable Bitcoin to participate in the rapidly growing DeFi space, providing new opportunities for users to use Bitcoin in financial activities such as lending.
New documents show the Trump family will receive 75% of WLFI's net income without any liability
According to CNBC, the Trump family's cryptocurrency project World Liberty Financial (WLF) released a 13-page "World Liberty Gold Paper" document detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while incurring no liabilities.
According to the document, the Delaware company DT Marks DEFI LLC, associated with Trump, will receive 75% of the net agreement income. The Trump family will receive 22.5 billion $WLFI tokens, valued at approximately $337.5 million based on this week's issuance price of 1.5 cents.
Market Dynamics
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