Babel Finance plans to launch “Babel Recovery Coins” to repay debts exceeding $700 million. Meanwhile, the company’s sole director, Yang Zhou, is planning to file a stay protection order with the Singapore High Court, requesting that creditors refrain from taking further action against the company for up to six months while seeking approval for restructuring.
MakerDAO co-founder Rune sold 760,000 LDO tokens (about $1.9 million) at an average price of $2.6 and bought 2,788 MKR tokens (about $2.62 million) at an average price of $940.
At this year’s China People’s Congress, Pay Xiguo, an NPC deputy and a regional vice president of People’s Bank of China, plans to submit a proposal to amend the People’s Bank of China Law to prevent risks associated with digital currencies and clarify legal responsibilities for producing and selling digital tokens.
Yuga Labs’ Bitcoin NFT series “TwelveFold” has attracted 288 bidding addresses, with an average bid of about 0.07 BTC and a median bid of 0.035 BTC.
In 2018 and 2019, Binance invited Gary Gensler, former chairman of the Commodity Futures Trading Commission and current chairman of the U.S. Securities and Exchange Commission (SEC), to serve as an advisor. At the time, Gensler was a professor at the Massachusetts Institute of Technology.
Chain game Illuvium will release the customizable NFT series “Illuvium: Beyond” on March 8.
Rocket Pool plans to upgrade the Atlas mainnet at the end of March or early April to be compatible with the Ethereum Shanghai upgrade.
Celestia’s modular Rollup framework product, Rollkit, integrates the data availability layer of the Bitcoin Sovereign Rollup.
NFT project Doodles released DoodleMAP, which represents the universe it is building and how it is connected. The project states that it will continue to invest heavily in the Ethereum ecosystem and Web3 as shown on the map.
OKX NFT market has launched its first Bitcoin Ordinal NFT collection, “Bitcoin Punks,” which is a custody certificate NFT wrapped in EmblemVault.
John Paller, co-founder of ETHDenver, revealed on the closing day of the event that the mascot for next year’s conference will be “SporkWhale,” reflecting community ownership.