Foresight Daily

Hong Kong’s Financial Secretary has allocated a funding of 50 million yuan to develop the Web3 ecosystem and establish a dedicated team for virtual asset development.

Google Cloud will become a validation node for the Tezos network, allowing enterprise customers to deploy Tezos nodes and develop Web3 applications on Tezos.

Blockchain risk analysis firm Chaos Labs has announced the completion of a $20 million seed funding round, with PayPal Ventures and Galaxy Digital leading the investment. Chaos Labs plans to use the funds raised to automate on-chain risk optimization.

Blur founder Pacman has revealed his identity and disclosed that he previously founded Namebase, which was acquired by Namecheap.

Blockchain gaming company Azra Games has secured an additional $10 million in seed funding, led by a16z (through its $600 million gaming fund), with participation from NFX, Coinbase Ventures, Play Ventures, Franklin Templeton, and others. Azra plans to release the first installment of its game Legions & Legends later this year.

ZK infrastructure startup Polyhedra Network, has raised $10 million in funding, led by Binance Labs and Polychain Capital, with participation from Animoca Brands and Dao5, among others.

A Whale has sold a large amount of NFTs on Blur, including 71 Bored Ape Yacht Club (BAYC) NFTs sold at an average price of around 78 ETH.

Conflux will activate a proposal on February 22 to adjust the PoW base reward from 2 CFX to 1 CFX.

Coinbase is set to list the Euro Coin (EUROC) stablecoin. Trading will begin at 1:00 a.m. on February 23rd (Beijing Time) if liquidity conditions are met, with the EUROC-USD and EUROC-EUR trading pairs to be made available in phases once sufficient asset supply is established.

NFT trading platform Blur has announced that it will distribute 300 million BLUR tokens as part of its second season incentive program, providing maximum rewards for users with a 100% loyalty rating. However, there will only be one way to maintain a 100% loyalty rating in the second season: by listing NFTs on Blur that have not been listed on any other NFT market.

Alesia Haas, the Chief Financial Officer of Coinbase, stated that the company has already undergone two rounds of layoffs last year. However, if necessary to improve the company’s financial performance, further layoffs are not ruled out.

The Ethereum Shapella network upgrade will be activated on the Sepolia network on February 28th.

Coinbase reported a fourth-quarter revenue of $605 million, exceeding analysts’ expectations of $588 million and representing a 5% increase from the third quarter’s $590 million. However, the exchange saw a 12% decrease in trading volume quarter-over-quarter to $322 million due to an overall drop in trading activity. The adjusted loss per share for the quarter of $2.46 was also higher than the expected loss per share of $2.52.

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