Hong Kong Web3Hub Ecosystem Fund officially launched

Headlines

▌Ethereum Foundation researcher reveals that staking Ethereum may leak user IP address and other information

On April 14, Justin Drake, a researcher at the Ethereum Foundation, revealed that the IP addresses of ETH stakers were monitored as part of the metadata set, causing the crypto community to regard this as a privacy issue for Ethereum. Drake said he learned about such a database "inside" (or at the Ethereum Foundation), and he explained: "There are a lot of metadata that can be tracked. You can view deposit addresses, withdrawal addresses, fee recipients, and IP addresses." Drake also said that such a database can resist airdrop witch attacks and can also be used for "special airdrops", that is, airdropping tokens to individual stakers, rather than institutions such as Kraken and Coinbase, or certain specific people.

▌Hong Kong Web3Hub Ecological Fund officially launched with a scale of US$ 10 million

On April 14, at the "2023 Hong Kong Web3 Carnival" sub-venue four "MetaEra x BitMart Special: Where are the opportunities for Metaverse", Hong Kong Deputy Secretary for Justice Zhang Guojun delivered a speech and announced the launch of the Hong Kong Web3Hub Ecological Fund with a scale of US$10 million, which will encourage more companies to settle in Hong Kong. Combining blockchain skills and artificial intelligence to provide a convenient and cost-effective security platform, looking forward to the future, Hong Kong must better develop the unique advantages of "one country, two systems", drive Hong Kong's high-quality development with technological innovation, and attract talents from home and abroad. Earlier news, Hong Kong Financial Secretary Paul Chan Mo-po will serve as the chairman of the Web3Hub Fund.

▌ zkSync : Twitter account has been hacked, don’t trust it until confirmed by Matter Labs and its CEO

On April 14, zkSync tweeted that this Twitter account had been hacked, reminding users not to trust the account information before confirmation by Matter Labs and its co-founder and CEO Alex G.

▌Human rights activist urges Meta to introduce age limits for the Metaverse

Dozens of advocacy and internet safety groups have called on Meta Corporation to stop plans to allow minors into the Horizon Worlds metaverse, Golden Finance reported. The company began planning in February to open its digital world to users aged 13 to 17. Currently, the app is only available to 18-year-olds. Activists believe that in the metaverse, which is already in its early stages of development, minors may face harassment and abuse. Meta must wait for more research on the potential risks of the metaverse to ensure the safety of children and teenagers.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is USD 30,524.70, with a daily change of +0.27 %;

ETH's latest transaction price is $2100.45, with a daily change of +3.62 %;

BNB's latest transaction price is $329.51, with a daily change of +1.43 %;

XRP's latest transaction price is $0.5238, with a daily change of +2.07 %;

DOGE's latest transaction price is $0.08925, with a daily change of +1.87 %;

ADA's latest transaction price is $0.4382, with a daily change of +2.63 %;

policy

Arizona governor vetoes bill to ease tax burden on blockchain node operators

On April 14, according to Cointelegraph, Arizona Governor Katie Hobbs vetoed a bill No. 1236, which aims to allow state authorities to regulate and tax individuals and businesses that run blockchain nodes only, rather than at the city and county level, which largely reduces or eliminates state-level regulation and taxation of node operators.

▌Hong Kong Legislative Council Member: Expect to implement regulatory arrangements for crypto assets and stablecoins in 2023 or 2024

On April 14, at the "Web3.0 Standardization Innovation Summit", the fourth venue of the "2023 Hong Kong Web3 Carnival", Qiu Dagen, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology Innovation), delivered a keynote speech. He said that at the regulatory level, the HKMA has issued a consultation summary of the discussion paper on crypto assets and stablecoins, and expects to implement regulatory arrangements in 2023 or 2024. At the level of legal currency tokenization, we have studied CBDC very early. The government has a relatively clear position and has adopted a three-track development approach. The digital Hong Kong dollar will be officially launched on the third track. In addition, the Bitcoin futures ETF has been launched in Hong Kong before and has a good trading volume. There is also a lot of room for the tokenization of other financial products. The Web3 standards currently being practiced and designed in Hong Kong can go global.

▌The European Parliament will vote on the encryption bill MiCA and TFR next Thursday

Golden Finance reported that the European Parliament has released an update on the crypto bill MiCA. The EU Parliament has announced the final agenda for next week's plenary session. Both MiCA (comprehensive cryptocurrency regulation) and TFR (implementation of the cryptocurrency travel rule) will be discussed on Wednesday afternoon and voted on Thursday.

Blockchain Applications

▌The UK’s newly established technology department will promote the Metaverse and Web3 strategy

Golden Finance reported that a person familiar with the matter who was not authorized to speak publicly said that the UK's newly established Department of Science, Innovation and Technology will advance the country's metaverse and Web3 strategy. The country's 2023 spring budget was released in March, saying that the government hopes to lead the future of network technology, sometimes referred to as Web3 or the metaverse. The new technology department established in February will lead this work. Sources said that the department's work will not focus on specific technologies such as blockchain and virtual reality, but will focus on potential economic growth opportunities, investments and business models related to concepts such as Metaverse and Web3, as well as the impact on regulation. It is not clear how much money will be used for the technology department and its metaverse work.

Cryptocurrency

▌Over 158 million USD was liquidated in the past 24 hours

Golden Finance reported that according to Coinglass data, the entire network had a liquidation of US$158 million in the past 24 hours, of which Bitcoin had a liquidation of US$27.29 million, accounting for about 58%, and Ethereum had a liquidation of US$85.57 million.

▌Mastercard Launches Music Pass NFT

On April 14, Mastercard launched a free Music Pass NFT during the annual NFTNYC conference this week. The NFT is part of the Mastercard Artist Accelerator Program. It is reported that Mastercard Music Pass NFT can be minted for free on Polygon before the end of April. Users holding this NFT can use features such as the AI ​​music generator application and have the opportunity to win a live concert hosted by artists in the Mastercard Accelerator Program in June. (Decrypt)

▌The Metaverse sector fluctuates higher   Sanxiang Impression hits daily limit

Golden Finance reported that the Metaverse sector fluctuated higher, Sanxiang Impression and DreamNet Technology hit their daily limit, Shanshui Bid and Tianxiaxiu surged 7%, and Fantuo Digital, Dafeng Industrial, and Roman followed suit. On the news front, the 2023 MCC Metaverse Co-creation Conference will be held in Wuzhen on April 14. The conference aims to present the development of the Metaverse industry and explore cutting-edge trends in the industry.

▌The total locked amount of Ethereum Layer2 exceeds 10 billion US dollars, setting a new record high

Golden Finance reported that according to L2BEAT data, Ethereum Layer2 total locked value (TVL) exceeded $10 billion for the first time, and is currently about $10.29 billion, setting a new record high. Among them, Arbitrum’s total locked value is about $6.83 billion, and Optimism’s total locked value is about $2.13 billion.

▌Data: ARB's circulating market value and FDV have surpassed OP

According to CoinGecko information on April 14, the circulation market value and fully diluted valuation (FDV) of Arbitrum governance token ARB have surpassed Optimism governance token OP. As of press time, ARB FDV is $15.54 billion and OP FDV is $11.316 billion. Market data shows that ARB is currently trading at $1.54, with a 24-hour increase of 26.9%. OP is currently trading at $2.62, with a 24-hour increase of 15.5%.

Important economic developments

▌The monthly rate of retail sales in the United States in March was -1% , the lowest since November last year

Golden Finance reported that the monthly rate of retail sales in the United States in March was -1%, which was expected to be -0.40% and the previous value was -0.40%, hitting a new low since November last year. After the release of the US retail sales data, US short-term interest rate futures further extended their losses, and traders strengthened their expectations of the Fed's interest rate hike.

▌Swap market shows that the probability of the Fed raising interest rates in May is nearly 90%

Golden Finance reported that the swap market showed that the probability of the Federal Reserve raising interest rates in May was nearly 90%. The US dollar index DXY continued to rise, rising nearly 40 points in the short term.