WuBlockchain Weekly:Terra2.0 Summary, FASB, Tether new report and Top10 News
1、Create a new Terra chain & Regulatory pressure link Do Kwon proposed to create a new Terra chain without the algorithmic stablecoin and distribute the new coins among eco-stakeholders. In addition, the crash will draw more regulatory pressure, both for Do Kwon itself and crypto. 2、FASB agreed to review Accounting for Exchange-Traded Digital Assets and Commodities. link According to Michael Saylor, FASB agreed to add a project to review Accounting for Exchange-Traded Digital Assets and Commodities. FASB is the accounting standards board of the United States, and it is easier to be accepted by mainstream companies if it passed. 3、Tether: a further reduction of 20% in commercial paper link Tether stated that since April 1 2022, they has seen a further reduction of 20% in commercial paper which we will reflect in the Q2 2022 report. Also an increase in money market funds and U.S. treasury bills, which have gone up from $34.5B to $39.2B. 4、Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout link 5、Hashed Ventures Loses More Than $3.5 Billion to Terra, Other Backers Rethink link According to on-chain data estimates, this Terra event Hashed's losses totaled more than $3.5 billion (principal and profit) and Delphi Ventures lost at least $10 million. Galaxy CEO Mike Novogratz, DeFiance founder Authur and others have posted reflections. 6、VCs:How to Surviving Bear Market
7、Andreessen Horowitz Debuts $600 Million Gaming Fund to Add to Web3 Bets link 8、Canaan Inc. Reports Unaudited First Quarter 2022 Financial Results link Canaan announced its financial report for the first quarter of 2022, with revenue of US$200 million, Net profit was $66.24 million. As of March 31, 2022, accounts received in advance were $279.2 million and the company's cash and cash equivalents were $417 million.Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan said: we now hold a total of 166.96 bitcoins on our balance sheet as of March 31, 2022. 9、Crypto Should Meet Same Norms as Regular Finance, G7 Says link 10、Digital Collection Prices Plummet, iBox Chainbox Rises to Top 10 Weibo Searches link On May 17, 2022, iBox Chainbox made it to the top 10 of Weibo's hot searches due to a significant drop in the price of digital collectibles on the iBox Chainbox platform. iBox Chainbox's financialization of NFT transactions and opening up of trading to the college student community has caused much controversy in the industry. The Blockchain Daily reporter found through the SkyEye shareholding penetration that several shareholders of iBox Chainbox eventually pointed to several executives of zhigui Technology. Fundraising
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Terra SummaryTerra Network Future Roadmap Create a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA). Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. Learn more: Regulatory Ferment Triggered by Terra Incident
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吴说每周精选:新闻Top10与热门文章 Terra2.0专题(0517-0521)
Saturday, May 21, 2022
每周行业十大新闻 1、Terra生态系统复兴计划提案 2.0 进行了修订 目前社区对 Terra 的未来规划是分叉成一条没有算法稳定币的新链,并将新币在生态利益相关者之间进行空投分配。另外,此次暴雷,不管是对于 Do Kwon 本人还是加密货币行业来说,都将引来更多的监管压力。 2、美国财会准则委员会或将加密货币纳入财报标准 2022 年 5 月 15 日,MicroStrategy CEO
Analysis: The Terra Incident Could Trigger a Global Crypto Regulatory Storm
Friday, May 20, 2022
Terra and UST plummeted to zero in an instant, wiping out tens of billions of dollars in market cap, and a large number of investors who suffered losses began to launch lawsuits. Many key industry
Global Crypto Mining News (May 9 to May 15)
Monday, May 16, 2022
1. BTC.com shows that current bitcoin mining difficulty is at a record high of 31.25 T, an upward revision of 4.89%. But as bitcoin falls to $30000, more miners will be nearing shutdown coin prices. 2.
UST is in a death spiral, will other stablecoins(USDT DAI FRAX)?
Thursday, May 12, 2022
Recently, the death spiral of UST and LUNA was a big shock, and many newbies may have concerns about the risk of depeg other stablecoins, here we briefly explain. Crypto stablecoins are divided into
Multi-Party Analysis: Reasons for the drop in the crypto market and The Future of Terra Eco After Being Out of Con…
Tuesday, May 10, 2022
Editor | Colin Wu With the Fed raising interest rates by 50 basis points, the US stock market and crypto market have started to fall dramatically, Bitcoin has fallen to $30000, Luna has plunged 50%,
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