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Avalanche Foundation Launches Phase 1 of Memecoin Rush | Cryptocurrency Trends

Jarseed, Bitget Research
2024/03/22
Avalanche Foundation Launches Phase 1 of Memecoin Rush | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • OKX partners with Web3 gaming platform Immutable to launch GameFi Launchpad.
  • Bybit lists NAKA/USDT and will open trading on March 22, 10:00 AM (UTC+8).

2. Cryptocurrency Trends:

  • gm.ai, an AI project launched by Whales Market founder dexter, opens presale commitment queries. Users can check if their commitment was successful via Dune.
  • The Avalanche Foundation launches Phase 1 of Memecoin Rush, a $1 million yield farming incentive program.
  • Nim Network, an AI GameFi project based on Dymension, to distribute airdrops to DYM statkers and NFT holders of games such as Parallel, Pirate Nation, the Pudgy Penguins community, the Wolves DAO community, and the 9dcc community.
  • The USDC Treasury minted over 57,637,108 USDC at around 7:05 PM (UTC+8) today.
  • Exaion, a subsidiary of French state-owned energy company EDF, becomes a validator node for Chiliz Chain as it looks to expand its blockchain business and invest more in sports and entertainment.
  • Conflux Network is working with fintech firm AnchorX to launch a stablecoin anchored to the Hong Kong dollar as early as Q2 2024.

3. Financing Trends:

  • Succinct, a Web3 infrastructure company, raises $55 million in a funding round led by Paradigm.
  • Espresso, a Web3 privacy project, raises $28 million in a Series B funding round led by a16z crypto.
  • CoinMart, a European cryptocurrency exchange, receives a $3 million investment from IDG Capital as part of a strategic partnership.
  • Bit island, the developer behind the decentralized social trading protocol Bi.social, raises $3 million in a funding round with participation from Web3Vision, WAGMi Ventures, and QF Capital.
  • Metaverse Headquarters (MVHQ), a Web3 application user engagement incentive protocol, raises $1.1 million in seed round funding led by Consensys and Polygon.
  • Tensorplex Labs, a decentralized AI startup, raises $3 million in seed round funding led by Canonical Crypto and Collab+Currency, with participation from DCG, Quantstamp, and Amber Group.
  • OpenStamp, an integrated services platform based on the STAMP protocol, completes seed round funding at a valuation of $50 million, led by Animoca Ventures.

4. Regulatory Trends:

  • According to court documents, the U.S. government's claims against bankrupt crypto exchange FTX are expected to total between $3 billion and $5 billion, with the exact amount subject to change and negotiation with authorities.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.