Obligate, the DeFi on-chain bond platform on Polygon, announced that olive oil producer Lamar Olive Oil used Obligate for the first time to issue an on-chain bond for the sustainable agriculture industry.

The corporate bond is the first EUROe-denominated issue of Membrane Finance, which the company says is the only EU-regulated cryptocurrency stablecoin, and said the underwriting and structuring process, including credit assessment and ongoing risk monitoring, was managed by Obligate’s Credit Ratings partner Credora conducts.

Obligate is built on the Polygon chain to help small and medium-sized enterprises issue, track and settle debt by providing a safe and transparent way, and as the threshold for issuing bonds is lowered, companies in developing countries and emerging markets can obtain more income and access to funds.

Smart contracts replace the roles of issuers and payment agents in the settlement layer of traditional bond issuance.

The U.S. Securities and Exchange Commission (SEC) has begun cracking down on cryptocurrency influencers, issuing several fines and cease and desist orders over the past few years.

The SEC is going after crypto influencers who promote scam projects, and the SEC has found that the prices of certain tokens are being manipulated based on their tweets.

Former U.S. Securities and Exchange Commission Chairman John Reed Stark warned such cryptocurrency influencers on Twitter to prepare for a blow.

According to data from IntoTheBlock, the number of SHIB holders’ addresses in a state of floating losses has exceeded 1 million, accounting for 79.86% of all addresses.

These addresses hold a total of 887.86 trillion SHIB worth $7.75 billion, accounting for 90.31% of the total SHIB supply.

It is worth noting, however, that 410.35 trillion SHIBs are stored in a “dead” address for destruction. This means that a significant portion of the SHIB supply is effectively unusable.

Of the aforementioned 1 million addresses, more than a third were individuals who purchased SHIB in the $0.000009 to $0.000014 price range.

NBA Dallas Mavericks owner Mark Cuban commented on a recent tweet regarding the US SEC calling Filecoin (FIL) a security and sent a letter to Grayscale on the issue.

One possible scenario for cryptocurrency issuing platforms, Cuban said, is that they release the entire token supply without keeping a portion as a treasury. The issued tokens should be used to provide liquidity using DeFi, and the original entity that issued the tokens should be dissolved.

In this case, he argues, “true decentralization” exists, and regulators such as the SEC won’t be able to “shut down the token,” accusing it of being a security, as they do with XRP, FIL, and other cryptocurrencies Same.

Since the beginning of the year, the cryptocurrency market capitalization has soared 41.77%, and the current market value reaches 1.17 trillion US dollars.

Amid this growth, however, the stablecoin economy suffered a massive loss of $7.3 billion in 140 days.

Archived records show that on Jan. 6, the stablecoin economy was valued at $138.12 billion, but as of today, that has shrunk to $130.79 billion. It is worth noting that many stablecoin projects have experienced significant Redeemed, USDC alone lost over $14 billion.

Likewise, BUSD suffered over $11 billion in redemptions since the first week of January, while DAI faced $361 million in redemptions.

Corey Then, vice president of global policy at Circle, said he is optimistic that, while the review is still ongoing, regulatory developments in the U.S. will ultimately benefit local players.

The draft stablecoin bill recently released by the U.S. House of Representatives Financial Services Committee requires stablecoin issuers to maintain 1:1 reserves to back their stablecoins.

The bill could also open the door for stablecoin issuers to hold a portion of their reserves at the U.S. central bank, effectively reducing their exposure to commercial banks, a major development that promises to create the most reliable stablecoin in the world.

DOGE blockchain transaction volume has reached 628,209, ahead of Bitcoin and Litecoin. According to the community, this may be related to the activity of the DRC-20 standard token.

According to crypto enthusiast Martin Stauber, he disputes the claim that the surge in transactions is due to DRC-20 tokens.

According to Martin Stauber, the main transaction volume comes from a few large addresses making small transfers, with one wallet sending 5,766 transactions per day.

Masaaki Taira, a lawmaker from Japan’s ruling Liberal Democratic Party and head of the Web3 project team, said at the NexTech Week trade show in Tokyo on Thursday that Japan has seen the future, and that is blockchain.

While other jurisdictions try to regulate a space that is not fully understood, Japan has a relatively good grasp of what we are trying to push, and global technology companies have taken notice.

Additionally, Japan’s experiments with stablecoins are bearing fruit, with the agency looking for ways to link public and private blockchains to improve scalability.

And Japan’s soft power in animation, manga, and games is very suitable for the Web3 field, especially in the field of NFT and Metaverse development, which are full of untapped potential value.

According to an announcement issued by Metal Blockchain, Fedow, the Federal Reserve’s digital payment system, will be integrated with Metal Blockchain, which will allow Metal users to use FedNow’s “send/receive” function to instantly convert funds into stablecoins and back again.

Metal Blockchain is an encrypted network developed by Metallicus based on the Avalanche branch. Metal developers claim the network is “built with BSA Bank Secrecy Act compliance,” meaning it has built-in authentication and anti-money laundering features.

According to the announcement, the network has a subnet called “X-Chain,” which allows developers to set rules for transferring assets. For example, tokens can be sent under the rules of “send to US citizens only” or “can only be traded tomorrow”.

According to the data, the Bitcoin inscription token Ordi broke through $19, temporarily reported at $19.58, a 24-hour increase of 17.96%, and its current total market value has reached $411 million.

In addition, there are currently about 14,200 BRC-20-related tokens, with a total market value of more than $700 million, and a trading volume of $203,996,187 in the past 24 hours.

It is reported that the BRC-20 protocol is written directly on the Bitcoin network, using Satoshi as the carrier, and using the JSON data of OrdinalInscriptions to deploy, mint and transfer tokens.

Ordi is the first Bitcoin inscription coin with a total supply of 21 million.

Bitget tweeted that it will be connected to the Bitcoin ecology this month, and the NFT trading market will launch a Bitcoin NFT zone to support the display, casting, transfer, and transaction of Ordinals protocol BTC NFT; the BitKeep wallet will also be compatible with the Taproot address format, which is BRC-20 Tokens provide services such as asset display, transfer and transaction.

After the access is completed, BitKeep users can use the BTC Taproot address format on the mobile terminal and plug-in terminal, and perform operations such as deposit and withdrawal management, transfer transactions, etc. of BRC-20 tokens and Bitcoin NFT.

According to the data, Ordi, the Bitcoin inscription token, broke through $10 in the short-term, and is now reported at $9.6, a 24-hour increase of 103.6%. There are currently 5,197 currency-holding addresses, and the market value has exceeded $200 million.

In addition, there are currently about 12,647 BRC-20 related tokens, with a total market value of about 270 million US dollars. The current market value of Ordi accounts for more than 50% of the total market value of BRC-20.

It is reported that the BRC-20 protocol is written directly on the Bitcoin network, using Satoshi as the carrier, and using the JSON data of Ordinal Inscriptions to deploy, mint and transfer tokens.

Ordi is the first Bitcoin inscription coin with a total supply of 21 million.

Decentralized finance (DeFi) protocol Curve Finance has deployed its native stablecoin crvUSD on the Ethereum mainnet.

Etherscan blockchain data shows that the contract minted a total of $20 million worth of crvUSD tokens in five transactions in five minutes.

The protocol’s governance token, CRV, surged to 97 cents after the news, up 7% on the day, the data showed.

Since the crvUSD stablecoin is not yet integrated into Curve’s user interface, it won’t be available to the public until a later date.

An administrator on the protocol’s official Telegram channel said that the stablecoin’s public release is pending on the front end and will be released soon.

Data shows that Ripple has purchased nearly $11 billion worth of XRP since being sued by the U.S. Securities and Exchange Commission (SEC).

According to the company’s public information disclosure, it has been purchasing XRP from the open market since 2020 (only “paused for a few days” during the US banking crisis in March this year).

Ripple has previously stated that the purpose of doing this is to “support a healthy XRP market” while ensuring an adequate supply of XRP tokens for its “On-Demand Liquidity” (ODL) business

European Banking Authority (EBA) President José Manuel Campa said upcoming EU rules governing stablecoins will focus on ensuring issuers have diversified reserves, manage conflicts of interest and do not transfer risk to other players.

The group’s market rules for crypto assets, known as MiCA, will come into force in 2024, but cryptocurrency market participants should start adjusting their operations now, said José Manuel Campa, who will play a key role in its implementation by drafting subsidiary legislation .

MiCA requires issuers of stablecoins to have sufficient reserves to deal with turbulence “The EBA will pay special attention to the diversification of the reserve deposit component.”

Societe Generale announced this week the launch of its euro-pegged stablecoin EUR CoinVertible (EURCV), an ethereum-based stablecoin available only to authorized institutional clients.

However, according to smart contract engineer alephv.eth on social media, the ERC-20 transfer of the stable currency needs to be authorized by the internal registrar before the transaction is executed.

alephv.eth added that Societe Generale coded the EURCV stablecoin and had to whitelist all users before processing “transferFrom,” and even approved user ERC20 transfer transactions.

According to 0xScope monitoring, PEPE, one of the hottest meme coins in the market, built a pool on Uniuswap within 5 minutes, and more than 20 addresses spent no more than 0.02 ETH to purchase a large number of PEPE tokens.

After collecting these addresses and counting their holdings, 0xScope found that they hold a total of 50 trillion PEPE tokens, accounting for about 11.9% of the total supply, with a current total value of over 17 million US dollars.

Since the buying time was quite early, and most of the funds in these addresses came from non-custodial trading platforms such as Fixedfloat that can hide capital flows, 0xScope stated that it does not rule out that these addresses belong to insiders.

Circle, the issuer of the US dollar stablecoin USDC, announced the launch of Circle Hacker House in partnership with Tribe, the first government-backed blockchain ecosystem builder in Singapore.

Aiming at promoting the growth and upskilling of Web3 developers and building a talent pool in Singapore and the Asia-Pacific region, participants will develop innovative solutions for the real world while building Circle Application Programming Interfaces (APIs) across various blockchains and creating high-quality projects and use cases.

Lido DAO launched a proposal to create a new multi-signature wallet to receive ARB airdrop tokens

Lido, a liquidity staking protocol, tweeted that the Arbitrum Foundation previously announced that the Lido protocol is eligible to claim 772,621 ARB tokens.

Initiate proposals for the Lido DAO reWARDS committee for this airdrop, covering operational and strategic topics related to claiming and effectively using potential ARB tokens.

These include:
1. Designate a representative or a group of representatives for Lido DAO to inform Lido DAO that it will accept the airdrop and start the claim process.
2. Appoint the Lido DAO reWARDS Committee as the designated representative of the DAO, responsible for communicating with the Arbitrum Foundation and handling airdrop token claims.
3. Confirm that the reWARDS committee has the right to claim ARB tokens.
4. The reWARDS committee will create a new 4/7 multi-signature wallet on the Arbitrum One network for receiving ARB tokens.
5. Staking will be increased in the next 4-6 months by incentivizing the adoption of wstETH in the Arbitrum ecosystem.
6. A monthly reporting structure is proposed to ensure the Lido DAO community is informed of the progress of the plan.

The Yearn Finance community, a DeFi revenue aggregator, recently launched a proposal to launch yETH tokens. According to the proposal, Yearn ETH (yETH) is generated when users deposit a basket of various ETH liquid collateral tokens.

yETH can reclaim the deposited value, and obtain relevant Ethereum PoS staking rewards through the diversification of LSD when staking, and obtain a more mixed risk/return.

The proposal is currently under discussion. According to the voting rules, it will be discussed through non-binding forum voting for at least 3 days to gauge sentiment before it can be assigned a YIP number and transferred to a snapshot for binding voting by veYFI holders. However, in In the current poll, 20 people have voted, 11 of whom have voted against. Polls will continue for three more days.