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Cointime News Wrapup-Afternoon Version: U.S. Lawmakers Say SEC Directive May Bring “Greater Risk of Loss”
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
According to DefiLlama data, the total market value of stablecoins has reached 158.197 billion US dollars, with a 7-day growth rate of 0.16%. Among them, the market value of UDST is 110.426 billion US dollars, with a market share of 69.8%.
CARV announced the completion of a $10 million Series A financing round, led by Tribe Capital and IOSG Ventures. Consensys, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, ARPA, MARBLEX, and others participated in the round. The aim is to build the largest modular data layer for gaming and artificial intelligence, and to maximize data innovation while ensuring that individual users can derive value from internet sharing.Jeff Ren, partner at OKX Ventures, said, "CARV's revolutionary approach is reshaping the way we manage decentralized data. Its modular cross-chain protocol and ID aggregation solution cultivate data sovereignty and integrity while emphasizing security and efficiency. We are excited about this collaboration and look forward to seeing how OKX Web3 products can better collaborate with CARV's advanced cross-chain data layer."
Salvadoran official cryptocurrency wallet Chivo Wallet denies reports that its source code and over 5 million user data related to KYC procedures have been hacked. The wallet's management department clarified that its data security has not been compromised and the leaked data did not come from their system.
According to Cryptoslate, Franklin Templeton tokenized a $380 million US government bond fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries.The company launched the Franklin on-chain US government money fund (FOBXX) in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on public Polygon and Stellar blockchains. This innovation aims to simplify transactions and expand access, allowing investors to manage their assets more flexibly through direct trading.Franklin Templeton is incorporating blockchain technology into its financial operations to enhance asset management liquidity and efficiency. The company is responding to the growing demand of financial institutions by integrating traditional financial structures with modern technological solutions.
The UK Home Office announced in a press release on Friday that new powers to seize cryptocurrencies used in crimes have come into effect. The Home Office stated that due to these new regulations, police in the country will no longer need to make an arrest before seizing cryptocurrency holdings, making it easier to seize assets known to have been obtained through criminal means, even if seasoned criminals are able to protect their anonymity or are located overseas.
DePIN project Natix has announced the completion of a $4.6 million financing round, led by Borderless Capital and Tioga Capital, with participation from Laser Digital, Big Brain Holdings, Escape Velocity, IoTeX, WAGMI Ventures, Moonrock Capital, under Nomura Securities (Nomura), as well as a group of angel investors. Natix is a DePIN project focused on map data, and is reportedly about to release tokens and airdrops on Solana.
San Francisco-based blockchain development team, Movement Labs, has raised $38m in Series A funding led by Polychain Capital and featuring participation from a range of investors. The funds will be used to bring Facebook’s Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput. Movement Labs aims to tackle smart contract vulnerabilities within the Ethereum ecosystem while introducing a novel execution environment designed for 30,000+ transactions per second.
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