According to the French Prudential Supervisory and Resolution Authority (ACPR), the highest banking regulatory agency in France, is considering whether to require smart contracts to comply with new compliance and security measures, otherwise the industry will face marginalization risks. If the relevant regulations are implemented, DeFi developers may need to rewrite almost all smart contracts. According to the proposal, the regulatory agency will certify smart contracts for compliance. Olivier Fliche, Director of Financial Technology and Innovation at ACPR, said in an interview: "Our idea is to require European intermediaries to interact only with other certified smart contracts. We are trying to create a safe zone for the industry composed of smart contracts." However, Mariana de la Roche Wills, a member of the International Trusted Blockchain Applications Association, said that restricting the operation of uncertified smart contracts and cutting them off from the financial network "may have a similar effect to a ban" in practice. Currently, French regulatory agencies are organizing proposals and then passing them on to the executive legislators of the European Union. According to the proposal, developers may need to update or rewrite their smart contracts to comply with new standards before they can be certified. Potential certification rules may apply to newly developed and existing smart contracts, which means that mature ecosystems such as Ethereum may need to be adjusted within the European Union. (DL News)

A team composed of three former senior Coinbase product and engineering personnel has raised $4.1 million for their new platform, Definitive. Definitive aims to automate many aspects of the decentralized financial world, covering a wide range of financial services, making it easier for Wall Street to enter the emerging capital market of DeFi. After this financing, Nascent, Coinbase Ventures, and CMT Digital have all become members of the equity structure of Definitive.

The decentralized digital asset management protocol L7 will be invited to attend the "TimeStamp Istanbul Investor Night" event. "TimeStamp Istanbul Investor Night" is co-hosted by Cointime, in collaboration with the Global Web3 Association, CoinTR, ChainUp, CryptoFemale, SINOHOPE, ABCDE, and others. Participants of the event will delve into the development prospects of the blockchain industry in Istanbul, discuss local regulatory strategies, explore the implementation of more blockchain application scenarios, and seek opportunities for technical and business cooperation.

Xu Mingxing said in a post on X platform: "I am very happy to see the integration of CeFi and DeFi has become an industry trend. I have always believed that self-custody will be the trend of the future."

The Commodity Futures Trading Commission (CFTC) has reported a record number of cases in the digital asset space, with 47 actions involving conduct related to digital asset commodities resulting in over $4.3 billion in penalties, restitution and disgorgement. The CFTC has cemented its reputation as a premier enforcement agency in the crypto space, according to its statement. The regulator has pursued some of the biggest actions in the space, including charges against collapsed digital asset exchange FTX, Binance and bankrupt crypto lender, and has also settled charges against a number of decentralized finance (DeFi) protocols.

Ninety Eight, a Vietnamese Web3 coalition and creator of the Coin98 DeFi ecosystem, has launched a $25 million ecosystem fund to support Web3 startups in Asia. The fund will offer financial and strategic assistance to selected startups, as well as access to the firm's Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security. The Ninety Eight Ecosystem Fund's native token, $C98, can be used for storing, sending, receiving, and managing crypto assets, as well as connecting to decentralized applications on over 40 blockchains. Arche Fund, a venture arm within the Ninety Eight ecosystem, will manage the fund and work closely with selected startups to maximize their potential.

According to official sources, the airdrop proposal for Cosmos ecosystem DeFi protocol Quasar Finance has been approved. The first round of airdrops will be available to testnet participants and will begin in 22 days. Users can currently check their eligibility for the QSR airdrop on the corresponding page. Previously in January, Quasar Finance completed a $5.4 million financing round with a $70 million valuation, led by Shima Capital and with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal. In March, the Quasar Finance mainnet was launched.

According to official sources, Exactly Community has proposed to compensate users affected by a hacker attack to resolve financial losses caused by a security vulnerability that occurred on August 18, 2023. The proposal states that 1 million EXA tokens will be distributed among 117 affected users. This distribution includes: 10% of the total supply of EXA tokens, which is about 20% of the EXA token supply specified by the community; Unlocking: These tokens will be unlocked in June 2024 and will follow a linear unlocking plan for 48 months, similar to the new EXA token unlocking plan.

Arta TechFin (Hong Kong Stock Exchange code: 0279), a financial services institution based in Hong Kong, is developing regulated and interoperable fund tokens on major blockchains. The company will partner with Chainlink Labs to use Chainlink services and provide fiat-based investment returns to Arta TechFin clients. All products and services will require approval from relevant regulatory authorities. According to the announcement, the regulated and interoperable fund tokens developed by Arta and supported by two Chainlink services will combine the best DeFi experiences, including atomic settlement, reserve proof, cross-chain interoperability, and automated market making. <br>

Decentralized finance (DeFi) protocol SafeMoon has responded to the recent lawsuit by the US Securities and Exchange Commission (SEC) and expressed its intention to seek a solution. The project posted on X platform that they are reviewing the recent news and take these issues very seriously. They will do their best to resolve the problem as soon as they receive more information. Meanwhile, their team continues to build, focus on providing services to users, building their vision, and advancing their mission. Jinse Finance reported that SEC accused SafeMoon executives of fraud and offering unregistered securities.